5814 Sylvania Ave · North Port, FL 34291

$199,900

2 bd · 1.0 ba · 980 sqft · SingleFamily public records · 21 Days on market

Built 1991 10,375 sqft lot

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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 +20.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• Schools +5.4/10.0
• 1% rule +4.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 Bedroom, 1 Bath UPDATED home located in North Port. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This home has an open floor plan with a vaulted ceiling making it comfortable and easy to entertain guests. The spacious living room boasts a large bay window letting in PLENTY OF NATURAL LIGHT! The UPDATED BRIGHT kitchen has newer appliances, modern light fixtures, soft close drawers, a lazy Susan and convenient pull out cabinet shelves. The Master Suite features beautiful, updated oak wood floors, a large walk in closet, newer ceiling fan, and lanai access through a set of glass sliders. Drink your morning coffee out by the large screened in lanai featuring tile flooring and ceiling fans. Partially Fenced in back yard-Above ceiling plumbing 3 years ago - 30 AMP HOOKUP IN DRIVEWAY FOR AN RV and much more! Minutes away from local shopping, dining, biking, parks, golfing, and other amenities. Close to I-75, US 41, the newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays and Charlotte Stone Crabs. Schedule your showing TODAY!

Key facts

• Remodeled kitchen
• Hurricane shutters
• 30 amp rv hookup

Tags

• REMODELED KITCHEN
• HURRICANE SHUTTERS
• 30 AMP RV HOOKUP
• ROOF ONLY 3 YEARS OLD
• A C SYSTEM JUST 6 YEARS OLD

Property features AI

Finance

• Other: Property zoning: RSF2; Total acreage: 0 to less than 1/4 acre
• HOA & community: Pets allowed; No association approval required

Exterior

• Parking: Attached garage (1 car) with 14x24 dimensions; Driveway; Garage door opener
• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family home; One story; South-facing; Entry level: One
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as residential single family
• Exterior features: Covered, screened rear porch; Sliding doors; Rain gutters; Private mailbox; Asphalt/paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Water filtration system
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Living room/dining room combo; Open floorplan; Stone countertops; Thermostat; Blinds
• Laundry & utility: Laundry area in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/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 $197k (1.4% below list).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.8% 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.
• Zoned schools: Lamarque Elementary School (math 61% / reading 58%, grade B-, #690 of 2,144 statewide, top 34%, 1,073 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 65% FRL vs 42% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 540 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

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 21 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $144k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $196,901 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.99% ✗
• Cap rate: 7.82%
• Cash-on-cash: 5.46%
• DSCR: 1.24
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-16,181
• Equity at exit: $29,806

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $6,731
• Equity at exit: $17,284

Cash invested: $55,972 (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 34291

• Home prices YoY: -9.1%
• Active inventory: 540
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,971 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$171 /mo · $2,046/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $255

Break-even live

Break-even rent $1,648

Max offer price $199,900

Occupancy floor 82%

Sensitivity live

Price	-10% $368	-5% $311	+0% $255	+5% $198	+10% $142
Rent	-10% $99	-5% $177	+0% $255	+5% $333	+10% $411
Rate	-1.0pp $355	-0.5pp $306	base $255	+0.5pp $203	+1.0pp $150

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1450 Front Pl North Port, FL	1.0–3.0	1.0–2.5	1132	$2,252	$1.99	3d	15	1.33mi

Listing history 12 events

1. 2026-06-02
   status $199,900 Pending 21 DOM
2. 2026-06-01
   days on market $199,900 Active 21 DOM
3. 2026-05-31
   days on market $199,900 Active 20 DOM
4. 2026-05-11
   listed $199,900 Active 1793-char remark
5. 2026-05-02
   historical
6. 2026-04-09
   price $221,500
7. 2026-03-24
   price $234,900
8. 2026-01-31
   listed $275,000 Active
9. 2020-07-01
   soldstatus $144,000
10. 2020-06-30
    soldstatus $144,000 Sold

    Show marketing remark (1139 chars)

    2 Bedroom, 1 Bath UPDATED home located in North Port. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This home has an open floor plan with a vaulted ceiling making it comfortable and easy to entertain guests. The spacious living room boasts a large bay window letting in PLENTY OF NATURAL LIGHT! The UPDATED BRIGHT kitchen has newer appliances, modern light fixtures, soft close drawers, a lazy Susan and convenient pull out cabinet shelves. The Master Suite features beautiful, updated oak wood floors, a large walk in closet, newer ceiling fan, and lanai access through a set of glass sliders. Drink your morning coffee out by the large screened in lanai featuring tile flooring and ceiling fans. Partially Fenced in back yard-Above ceiling plumbing 3 years ago - 30 AMP HOOKUP IN DRIVEWAY FOR AN RV and much more! Minutes away from local shopping, dining, biking, parks, golfing, and other amenities. Close to I-75, US 41, the newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays and Charlotte Stone Crabs. Schedule your showing TODAY!

11. 2020-06-02
    status Pending

    Show marketing remark (1139 chars)

    2 Bedroom, 1 Bath UPDATED home located in North Port. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This home has an open floor plan with a vaulted ceiling making it comfortable and easy to entertain guests. The spacious living room boasts a large bay window letting in PLENTY OF NATURAL LIGHT! The UPDATED BRIGHT kitchen has newer appliances, modern light fixtures, soft close drawers, a lazy Susan and convenient pull out cabinet shelves. The Master Suite features beautiful, updated oak wood floors, a large walk in closet, newer ceiling fan, and lanai access through a set of glass sliders. Drink your morning coffee out by the large screened in lanai featuring tile flooring and ceiling fans. Partially Fenced in back yard-Above ceiling plumbing 3 years ago - 30 AMP HOOKUP IN DRIVEWAY FOR AN RV and much more! Minutes away from local shopping, dining, biking, parks, golfing, and other amenities. Close to I-75, US 41, the newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays and Charlotte Stone Crabs. Schedule your showing TODAY!

12. 2020-05-18
    listed $150,000 Active

    Show marketing remark (1139 chars)

    2 Bedroom, 1 Bath UPDATED home located in North Port. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This home has an open floor plan with a vaulted ceiling making it comfortable and easy to entertain guests. The spacious living room boasts a large bay window letting in PLENTY OF NATURAL LIGHT! The UPDATED BRIGHT kitchen has newer appliances, modern light fixtures, soft close drawers, a lazy Susan and convenient pull out cabinet shelves. The Master Suite features beautiful, updated oak wood floors, a large walk in closet, newer ceiling fan, and lanai access through a set of glass sliders. Drink your morning coffee out by the large screened in lanai featuring tile flooring and ceiling fans. Partially Fenced in back yard-Above ceiling plumbing 3 years ago - 30 AMP HOOKUP IN DRIVEWAY FOR AN RV and much more! Minutes away from local shopping, dining, biking, parks, golfing, and other amenities. Close to I-75, US 41, the newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays and Charlotte Stone Crabs. Schedule your showing TODAY!

ⓘ 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: $2,046 · $171/mo
• Projected year-2 tax: $2,046 · $171/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $23,650
• − Mortgage interest: −$11,198
• − Property taxes: −$2,046
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,892
• − Management: −$1,892
• − Depreciation: −$5,815
• Taxable loss: −$193
• Est. tax savings @ 24.0%: +$46
• After-tax cash flow: $3,104/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
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 8,630
• Household income: $93,425
• Rent vs Own: 18.6% rent · 81.4% own
• Severe rent burden: 19.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 7% Black 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6%
• Common ancestry: Subsaharan African 6% French 4% Romanian 3%
• Foreign-born: 16% · Canada
• Languages at home: 72% English-only · Spanish 13% Russian/Polish/Slavic 10% French/Haitian/Cajun 4%

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: ▼ -30.53%
• Current HPI: 306.4167
• Rent YoY: —
• 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

+33.3% since first listed

10 events — show timeline

• 2026-06-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Price Changed $221,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-31 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2020-07-01 Sold (Public Records) $144,000 Public Records
• 2020-06-30 Sold (MLS) $144,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-05-18 Listed $150,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.3%/yr

Latest (2025): $2,046 · +6.2% YoY. Source: county tax records.