5437 Talbrook Rd · North Port, FL 34287

$200,000

3 bd · 2.0 ba · 1,106 sqft · SingleFamily public records · 235 Days on market

Built 1981 10,000 sqft lot $181/sqft · 33% below area Est $300k · 33% under

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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 +17.1/30.0
• ARV discount +15.0/15.0
• Schools +5.4/10.0
• DSCR +5.3/10.0
• 1% rule +4.4/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

Key facts

• Open floor plan
• Spacious backyard
• 2021 roof

Tags

• OPEN FLOOR PLAN
• 2023 A/C SYSTEM
• 2019 WATER HEATER
• 2021 ROOF
• SCREENED LANAI
• SPACIOUS BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $74 ($891/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (5.9% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.6% in North Port — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: 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 36% 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 $6k 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 235 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $15k (7%) 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 $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 235 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.94% ✗
• Cap rate: 7.14%
• Cash-on-cash: 3.01%
• DSCR: 1.13
• GRM: 8.9

CMA / ARV

• ARV (median comp): $299,557
• List price: $200,000
• Delta: -33.23%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.9%
• Equity multiple: 0.42×
• Total profit: $-32,684
• Equity at exit: $29,821

10-year hold

• IRR: -15.0%
• Equity multiple: 0.25×
• Total profit: $-41,798
• Equity at exit: $17,292

Cash invested: $56,000 (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: 8.9×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$214 /mo · $2,566/yr
• Insurance: −$83
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $74

Break-even live

Break-even rent $1,788

Max offer price $200,000

Occupancy floor 91%

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: $50,000
• Closing costs: $6,000
• 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	0.62mi

Listing history 29 events

1. 2026-06-18
   days on market $200,000 Active 235 DOM
2. 2026-06-17
   days on market $200,000 Active 234 DOM
3. 2026-06-16
   days on market $200,000 Active 233 DOM
4. 2026-06-15
   days on market $200,000 Active 232 DOM
5. 2026-06-13
   days on market $200,000 Active 230 DOM
6. 2026-06-13
   days on market $200,000 Active 229 DOM
7. 2026-06-10
   days on market $200,000 Active 227 DOM
8. 2026-06-09
   days on market $200,000 Active 226 DOM
9. 2026-06-08
   days on market $200,000 Active 224 DOM
10. 2026-06-05
    days on market $200,000 Active 221 DOM
11. 2026-06-03
    days on market $200,000 Active 220 DOM
12. 2026-06-02
    days on market $200,000 Active 219 DOM
13. 2026-06-01
    days on market $200,000 Active 218 DOM
14. 2026-05-31
    days on market $200,000 Active 217 DOM
15. 2026-04-26
    status Active 789-char remark

    Show marketing remark (789 chars)

    Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

16. 2026-04-20
    historical 789-char remark

    Show marketing remark (789 chars)

    Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

17. 2025-12-11
    price $200,000 789-char remark

    Show marketing remark (789 chars)

    Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

18. 2025-10-31
    price $204,000 789-char remark

    Show marketing remark (789 chars)

    Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

19. 2025-10-20
    listed $214,800 Active 789-char remark

    Show marketing remark (789 chars)

    Short Sale. Charming North Port Home – Perfect Starter or Investment Opportunity! Discover this inviting 3-bedroom, 2-bath, 1-car garage home located in the heart of North Port with city water and sewer. The home features an open floor plan, a 2023 A/C system, 2019 water heater, and a 2021 roof—providing peace of mind for years to come. With just a little TLC, this sweet home can truly shine! Enjoy Florida’s tropical lifestyle from your screened lanai or open patio, overlooking a spacious backyard with plenty of room for a future pool. Conveniently located less than 10 minutes from Coco Plum Shoppes, and just a mile from a community park and boat ramp, this home offers the best of comfort, convenience, and value. Don’t miss out on this great opportunity!

20. 2022-05-17
    soldstatus $260,000
21. 2018-05-21
    soldstatus $132,000
22. 2018-05-10
    soldstatus $132,000 Sold 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

23. 2018-04-26
    status Pending 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

24. 2018-03-30
    status Active 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

25. 2018-03-24
    status Pending 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

26. 2018-03-22
    status Pending 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

27. 2018-02-20
    status Pending 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

28. 2018-01-24
    listed $139,000 Active 285-char remark

    Show marketing remark (285 chars)

    Charming 3 bedroom, 2 bathroom home with a 1 car garage and rear screened/covered porch. Beautiful water views from the front yard and an expansive buffer to the rear allow for a serene feel to compliment the Florida lifestyle! Don't wait until it's too late. .. .. .come check it out!

29. 1987-10-01
    soldstatus $38,900

ⓘ 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: $2,566 · $214/mo
• Projected year-2 tax: $2,566 · $214/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 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,582
• − Mortgage interest: −$11,203
• − Property taxes: −$2,566
• − Insurance: −$1,798
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$5,818
• Taxable loss: −$2,416
• Est. tax savings @ 24.0%: +$580
• After-tax cash flow: $1,470/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• 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

+414.1% since first listed

15 events — show timeline

• 2026-04-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-11 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Price Changed $204,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-20 Listed $214,800 Stellar MLS as Distributed by MLS Grid
• 2022-05-17 Sold (Public Records) $260,000 Public Records
• 2018-05-21 Sold (Public Records) $132,000 Public Records
• 2018-05-10 Sold (MLS) $132,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-01-24 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 1987-10-01 Sold (Public Records) $38,900 Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,566 · -7.8% YoY. Source: county tax records.