3924 Ashwood Ln #59 · Sarasota, FL 34232

$169,000

2 bd · 2.0 ba · 1,332 sqft · Townhouse public records · 76 Days on market

Built 1973 18 ac lot $685/mo HOA · 31% of rent

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Why this score? — see what drove the D 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 +11.4/30.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Now offered at a newly improved price, this 2-bedroom, 2-bath villa presents an outstanding opportunity in a highly desirable 55+ community, combining value, location, and low-maintenance living. This light and bright home features an open living and dining area plus a versatile den ideal for a home office, hobby room, or additional guest space. The enclosed Florida room provides year-round enjoyment and added living space, perfect for relaxing or entertaining. A private laundry room with utility sink and extra storage adds convenience. Recent updates provide peace of mind and enhance overall appeal. The spacious primary suite includes a walk-in closet and an en-suite bathroom with an accessible shower. The guest bedroom is well-suited for visitors while maintaining flexibility for everyday use. Residents enjoy resort-style amenities including a heated pool, fitness center, clubhouse, shuffleboard, library, and an active social calendar. This welcoming community offers a true Florida lifestyle with strong neighbor connections. Located just minutes from downtown Sarasota, Siesta Key Beach, shopping, dining, hospitals, and arts and culture. Bobby Jones Golf Club is just blocks away, featuring a recently renovated course and modern facilities. Ideal as a full-time residence, seasonal home, or investment opportunity, this villa delivers exceptional value at its new price point in one of Sarasota’s most convenient locations.

Key facts

• Accessible shower
• Walk-in closet
• Separate den

Tags

• OPEN LIVING AND DINING ROOM
• SEPARATE DEN
• ENCLOSED FLORIDA ROOM
• PRIVATE LAUNDRY ROOM
• WALK-IN CLOSET
• ACCESSIBLE SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $169k.

Deal economics

• At list price, monthly cash flow is $-60 ($-717/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (6.2% below list).
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $158k (6.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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.
• Zoned schools: Tuttle Elementary School (math 39% / reading 36%, grade F, #1,596 of 2,144 statewide, top 75%, 665 students, 84% FRL); Booker Middle School (math 45% / reading 41%, grade D-, #331 of 571 statewide, top 59%, 950 students, 76% FRL); Booker High School (math 26% / reading 43%, grade F, #386 of 667 statewide, top 59%, 1,309 students, 68% FRL) — zoned schools average 76% FRL vs 42% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 63% district-wide (-25 pts) — the specific schools serving this property underperform the Sarasota average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.5%/yr); 267 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($81k/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 $5k 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 76 days — a 6% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $145k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,441 (6.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
13. 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.
14. 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.
15. 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: 1.30% ✓
• Cap rate: 5.87%
• Cash-on-cash: -1.52%
• DSCR: 0.93
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -23.9%
• Equity multiple: 0.21×
• Total profit: $-37,196
• Equity at exit: $25,198

10-year hold

• IRR: -43.0%
• Equity multiple: -0.28×
• Total profit: $-60,410
• Equity at exit: $14,612

Cash invested: $47,320 (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 34232

• Rents YoY: -3.5%
• Active inventory: 267
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,190 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$148 /mo · $1,781/yr
• Insurance: −$70
• HOA: −$685
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $-60

Break-even live

Break-even rent $2,266

Max offer price $158,441

Occupancy floor 98%

Sensitivity live

Price	-10% $36	-5% $-12	+0% $-60	+5% $-108	+10% $-155
Rent	-10% $-233	-5% $-146	+0% $-60	+5% $27	+10% $113
Rate	-1.0pp $25	-0.5pp $-17	base $-60	+0.5pp $-104	+1.0pp $-148

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $685 · $8,220/yr
• Likely covers: poolgym

Listing history 26 events

1. 2026-06-21
   statusdays on market $169,000 Pending 76 DOM
2. 2026-06-18
   days on market $169,000 Active 75 DOM
3. 2026-06-17
   days on market $169,000 Active 74 DOM
4. 2026-06-16
   days on market $169,000 Active 73 DOM
5. 2026-06-15
   days on market $169,000 Active 72 DOM
6. 2026-06-13
   days on market $169,000 Active 70 DOM
7. 2026-06-13
   days on market $169,000 Active 69 DOM
8. 2026-06-10
   days on market $169,000 Active 67 DOM
9. 2026-06-09
   days on market $169,000 Active 66 DOM
10. 2026-06-08
    days on market $169,000 Active 65 DOM
11. 2026-06-08
    days on market $169,000 Active 64 DOM
12. 2026-06-05
    days on market $169,000 Active 61 DOM
13. 2026-06-03
    days on market $169,000 Active 60 DOM
14. 2026-06-02
    days on market $169,000 Active 59 DOM
15. 2026-06-01
    days on market $169,000 Active 58 DOM
16. 2026-05-31
    pricedays on market $169,000 Active 57 DOM
17. 2026-04-22
    price $188,000 1449-char remark

    Show marketing remark (1449 chars)

    Now offered at a newly improved price, this 2-bedroom, 2-bath villa presents an outstanding opportunity in a highly desirable 55+ community, combining value, location, and low-maintenance living. This light and bright home features an open living and dining area plus a versatile den ideal for a home office, hobby room, or additional guest space. The enclosed Florida room provides year-round enjoyment and added living space, perfect for relaxing or entertaining. A private laundry room with utility sink and extra storage adds convenience. Recent updates provide peace of mind and enhance overall appeal. The spacious primary suite includes a walk-in closet and an en-suite bathroom with an accessible shower. The guest bedroom is well-suited for visitors while maintaining flexibility for everyday use. Residents enjoy resort-style amenities including a heated pool, fitness center, clubhouse, shuffleboard, library, and an active social calendar. This welcoming community offers a true Florida lifestyle with strong neighbor connections. Located just minutes from downtown Sarasota, Siesta Key Beach, shopping, dining, hospitals, and arts and culture. Bobby Jones Golf Club is just blocks away, featuring a recently renovated course and modern facilities. Ideal as a full-time residence, seasonal home, or investment opportunity, this villa delivers exceptional value at its new price point in one of Sarasota’s most convenient locations.

18. 2026-04-04
    listed $199,000 Active 1449-char remark

    Show marketing remark (1449 chars)

    Now offered at a newly improved price, this 2-bedroom, 2-bath villa presents an outstanding opportunity in a highly desirable 55+ community, combining value, location, and low-maintenance living. This light and bright home features an open living and dining area plus a versatile den ideal for a home office, hobby room, or additional guest space. The enclosed Florida room provides year-round enjoyment and added living space, perfect for relaxing or entertaining. A private laundry room with utility sink and extra storage adds convenience. Recent updates provide peace of mind and enhance overall appeal. The spacious primary suite includes a walk-in closet and an en-suite bathroom with an accessible shower. The guest bedroom is well-suited for visitors while maintaining flexibility for everyday use. Residents enjoy resort-style amenities including a heated pool, fitness center, clubhouse, shuffleboard, library, and an active social calendar. This welcoming community offers a true Florida lifestyle with strong neighbor connections. Located just minutes from downtown Sarasota, Siesta Key Beach, shopping, dining, hospitals, and arts and culture. Bobby Jones Golf Club is just blocks away, featuring a recently renovated course and modern facilities. Ideal as a full-time residence, seasonal home, or investment opportunity, this villa delivers exceptional value at its new price point in one of Sarasota’s most convenient locations.

19. 2019-06-07
    soldstatus $145,000 Sold 777-char remark

    Show marketing remark (777 chars)

    Bright & Clean Villa in popular Glen Oaks Ridge. Large villa with Den & Lanai. French doors lead to quiet Den & step down into Sunny lanai. Lanai is all year round with windows rather than screens. Brand new dishwasher & disposal. AC replace about 2.5 years ago & is serviced on regular basis. Villa is being sold partially turnkey. Nice leather couches in living room & both bedrooms fully furnished. Kitchen has everything you'll need to move right in. If you are looking for an active community, you'll love Glen Oaks Ridge. With a location near Downtown right across from Bobby Jones Golf Complex and activities at your own Clubhouse, you can be as busy as you like. Glen Oaks offers a beautiful heated community pool overlooking a lake.

20. 2019-05-05
    status Pending 777-char remark

    Show marketing remark (777 chars)

    Bright & Clean Villa in popular Glen Oaks Ridge. Large villa with Den & Lanai. French doors lead to quiet Den & step down into Sunny lanai. Lanai is all year round with windows rather than screens. Brand new dishwasher & disposal. AC replace about 2.5 years ago & is serviced on regular basis. Villa is being sold partially turnkey. Nice leather couches in living room & both bedrooms fully furnished. Kitchen has everything you'll need to move right in. If you are looking for an active community, you'll love Glen Oaks Ridge. With a location near Downtown right across from Bobby Jones Golf Complex and activities at your own Clubhouse, you can be as busy as you like. Glen Oaks offers a beautiful heated community pool overlooking a lake.

21. 2019-05-02
    listed $154,900 Active 777-char remark

    Show marketing remark (777 chars)

    Bright & Clean Villa in popular Glen Oaks Ridge. Large villa with Den & Lanai. French doors lead to quiet Den & step down into Sunny lanai. Lanai is all year round with windows rather than screens. Brand new dishwasher & disposal. AC replace about 2.5 years ago & is serviced on regular basis. Villa is being sold partially turnkey. Nice leather couches in living room & both bedrooms fully furnished. Kitchen has everything you'll need to move right in. If you are looking for an active community, you'll love Glen Oaks Ridge. With a location near Downtown right across from Bobby Jones Golf Complex and activities at your own Clubhouse, you can be as busy as you like. Glen Oaks offers a beautiful heated community pool overlooking a lake.

22. 2007-03-12
    soldstatus $140,000
23. 2007-03-08
    soldstatus $140,000
24. 2006-10-28
    listed $144,975
25. 2000-04-28
    soldstatus $82,500
26. 1974-02-01
    soldstatus $34,000

ⓘ 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: $1,781 · $148/mo
• Projected year-2 tax: $1,781 · $148/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $26,283
• − Mortgage interest: −$9,467
• − Property taxes: −$1,781
• − Insurance: −$845
• − Repairs & maintenance: −$2,103
• − Management: −$2,103
• − HOA: −$8,220
• − Depreciation: −$4,916
• Taxable loss: −$3,151
• Est. tax savings @ 24.0%: +$756
• After-tax cash flow: $39/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 — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sarasota, FL
• County: Sarasota County · 448,376 people
• City population: 261,896
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 34,013
• Household income: $80,795
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 1676.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 13% Two or more races 8% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica, Vietnam
• Languages at home: 84% English-only · Spanish 10% German/W. Germanic 2% Other Indo-European 1%

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: ▼ -426.24%
• Current HPI: 337.9799
• Rent YoY: ▼ -3.45%
• 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

+452.9% since first listed

10 events — show timeline

• 2026-04-22 Price Changed $188,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2019-06-07 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2019-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-05-02 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-12 Sold (Public Records) $140,000 Public Records
• 2007-03-08 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2006-10-28 Listed $144,975 Stellar MLS as Distributed by MLS Grid
• 2000-04-28 Sold (Public Records) $82,500 Public Records
• 1974-02-01 Sold (Public Records) $34,000 Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,781 · +7.5% YoY. Source: county tax records.