469 Loma Linda · Warm Mineral Springs, FL 34287

$150,000

2 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 793 Days on market

Built 1988 6,298 sqft lot $191/mo HOA · 11% of rent ↓ 30% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• DSCR +6.2/10.0
• Schools +5.4/10.0
• Livability +3.3/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

Key facts

• 6,298 sq ft lot
• 2 parking spots
• Community pool

Tags

• BOAT ACCESS TO THE GULF
• SPACIOUS COMMON GROUNDS
• GLASS ENCLOSED FLORIDA ROOM
• VAULTED CEILINGS THROUGHOUT
• NEW ROOF OVER WALKWAY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#604 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools D-, amenities F, commute F.
• Sarasota (urban): math 63% / reading 63% proficiency, ranked #7 of 73 in FL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 852 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 793 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $65k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 793 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.93%
• DSCR: 1.22
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.47×
• Total profit: $-22,064
• Equity at exit: $22,365

10-year hold

• IRR: -13.4%
• Equity multiple: 0.33×
• Total profit: $-27,992
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,742 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$163 /mo · $1,961/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$191
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $106

Break-even live

Break-even rent $1,608

Max offer price $150,000

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12395 Chancellor Blvd Port Charlotte, FL	2.0	1.0	1004	$1,600	$1.59	21d	1	1.21mi

HOA detail

• Monthly dues: $191 · $2,292/yr
• Likely covers: landscapingpool

Listing history 19 events

1. 2026-06-18
   days on market $150,000 Active 793 DOM
2. 2026-06-17
   days on market $150,000 Active 792 DOM
3. 2026-06-15
   days on market $150,000 Active 790 DOM
4. 2026-06-13
   days on market $150,000 Active 788 DOM
5. 2026-06-13
   days on market $150,000 Active 787 DOM
6. 2026-06-10
   days on market $150,000 Active 785 DOM
7. 2026-06-09
   days on market $150,000 Active 784 DOM
8. 2026-06-08
   days on market $150,000 Active 782 DOM
9. 2026-06-05
   days on market $150,000 Active 779 DOM
10. 2026-06-03
    days on market $150,000 Active 778 DOM
11. 2026-06-02
    days on market $150,000 Active 777 DOM
12. 2026-06-01
    days on market $150,000 Active 776 DOM
13. 2026-05-31
    days on market $150,000 Active 775 DOM
14. 2026-04-17
    price $150,000 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

15. 2025-03-26
    price $185,000 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

16. 2024-11-11
    price $205,000 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

17. 2024-11-01
    status Active 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

18. 2024-10-31
    historical 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

19. 2024-04-15
    listed $215,000 Active 1934-char remark

    Show marketing remark (1934 chars)

    There is no shortage of activities in this community! Step into this lovely upgraded La Casa home, where natural light pours in through skylights and new windows, highlighting vaulted ceilings and luxury laminate flooring throughout. The spacious entryway welcomes you with a washer, dryer, desk, and a bright skylight overhead. Entertain in the elegant dining room with its built-in hutch and sparkling new light fixture, or cook up a feast in the remodeled kitchen featuring abundant new cabinets, granite countertops, and stainless steel appliances. Enjoy your morning coffee in the cozy morning room just off the kitchen. The inviting living room boasts a large-screen TV and opens to the front porch, with a covered walkway leading to a glass-enclosed Florida room—perfect for relaxing or hosting guests. The guest bedroom offers comfortable furnishings and a walk-in closet, while the guest bath features a vanity, tub/shower, and skylight. Ample storage is found in the hall's upper and lower cabinets and linen chest. Retreat to the primary bedroom with its double walk-in closet and unwind in the luxurious primary bath, complete with a double-sink vanity, walk-in shower, linen chest, and skylight. Additional highlights include a freshly repainted interior, a long carport leading to a screened lanai, a spacious 10' x 12' utility room with storage, a new roof over the walkway to the Florida room, and a covered golf cart parking spot. This home is filled with thoughtful upgrades and ready for you to move in and enjoy. La Casa provides our residents and guests the ultimate lifestyle on Florida's Gulf Coast, and is located between Sarasota and Fort Myers with boat access to the Gulf. La Casa is a quiet 55+ community of 974 home sites nestled among a variety of native trees. Spacious common grounds surround our eight lakes. Welcome To the Good Life! RECREATION, 2 Clubhouses, 2 Heated Pools and so much more!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,961 · $163/mo
• Projected year-2 tax: $1,961 · $163/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,900
• − Mortgage interest: −$8,402
• − Property taxes: −$1,961
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,672
• − Management: −$1,672
• − HOA: −$2,292
• − Depreciation: −$4,364
• Taxable loss: −$1,010
• Est. tax savings @ 24.0%: +$243
• After-tax cash flow: $1,514/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sarasota
• NCES district ID: 1201680
• Math proficiency: 63% ▼ -8.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $51,167
• Composite: 53.68/100
• National rank: #1428
• State rank: #7 of 73 in FL

Livability — Warm Mineral Springs

• Score: 66/100
• State rank: #604
• US rank: #11606

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment C Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warm Mineral Springs, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

Population outlook (Sarasota County) Hauer SSP2

• Today (2025): 452,380 people
• By 2030: 474,175 · +4.8%
• By 2040: 511,577 · +13.1%
• By 2050: 541,467 · +19.7%
• By 2075: 604,947 · +33.7%
• By 2100: 621,965 · +37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 2%

Political lean MEDSL · Sarasota

• 2024 margin: R (+18.2) · D 40.5% · R 58.7%
• 2008→2024 swing: -18.1pp toward R · 2008: -0.1pp · 2024: -18.2pp
• All cycles: 2024: R+18.2 2020: R+10.4 2016: R+11.6 2012: R+7.4 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-30.2% since first listed

6 events — show timeline

• 2026-04-17 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-26 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-11 Price Changed $205,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-04-15 Listed $215,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.4%/yr

Latest (2025): $1,961 · +99.9% YoY. Source: county tax records.