424 Boxwood Dr · Venice Gardens, FL 34285

$292,000

2 bd · 2.0 ba · 1,606 sqft · Manufactured public records · 8 Days on market

Built 1992 9,611 sqft lot $177/mo HOA · 9% of rent

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price reduction This beautiful large home on a corner lot, in the much sought after Sandalwood Park in Venice Florida is offering a price reduction! While the outdoor space is truly awesome, you will find the home just as impressive. The large master bedroom has a private bath and a relaxing whirlpool tub and full walk in shower . The office has a wall of closet space that will easily convert to a third bedroom. The kitchen, dining room and living room are fully open and ready to entertain. The laundry is conveniently centrally located in the home. A large bonus room on the south side of the home is open to ideas with plenty of light for any setting. Den? Game room? Craft room? Man cave? Newer air conditioner (2019), newer windows and a 2011 roof! Bring your personality and this is a home you will be proud to own. A large shed with sturdy built shelving. The spacious screened lanai to view sunrise and sunset.

Key facts

• New pavers
• Covered parking
• Double driveway

Tags

• DOUBLE DRIVEWAY
• NEW PAVERS
• COVERED PARKING
• NEWER CARPORT
• SCREENED PORCH
• REMODELED KITCHEN

Property features AI

Finance

• Other: Furnished unit; Association contact name provided
• Financial info: Lease restrictions apply
• HOA & community: HOA with required approval; Monthly HOA approximately $177.33 (quarterly fee listed as $532); Association amenities: cable TV, clubhouse, fitness center, laundry, pool, recreation facilities, shuffleboard court, dog park, private road maintenance, street lights; Buyer approval required; Senior community; Golf carts allowed; No truck/RV/motorcycle parking; Special community restrictions; Association manages grounds and reserves

Exterior

• Parking: Covered driveway; Golf cart parking; Oversized parking; 2-space carport
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Underground utilities; Water connected; Sewer connected
• Home design: Residential manufactured double-wide; One story; Crawlspace foundation; Northwest facing; Completed condition
• Construction: Vinyl siding; Shingle roof; Built as double wide
• Exterior features: Covered patio/porch; Deck; Screened porch; Side porch; Exterior lighting; Rain gutters; Storage shed; Gunite in-ground heated pool with outside bath access; Mature landscaping; Corner lot; Landscaped; Paved and private; Private maintained road; No waterfront

Interior

• Kitchen: Range; Range hood; Dishwasher; Refrigerator; Stone counters; Solid wood cabinets; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; High ceilings; Solid wood cabinets; Stone counters; Thermostat; Walk-in closets; Window treatments; Skylights; Blinds
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry; Laundry closet; Electric water heater; Inside utility

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $292k.

Deal economics

• At list price, monthly cash flow is $-437 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (26.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (32.2% below list).
• Recommended offer: $198k (32.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#537 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; 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 rising fast (+8.8%/yr); 468 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 35% of the median local income ($68k/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 $2k of loan paydown is wiped out by about $9k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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 $235k; 24% 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 $198,103 (32.2% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.68% ✗
• Cap rate: 4.50%
• Cash-on-cash: -6.41%
• DSCR: 0.71
• GRM: 12.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -22.0%
• Equity multiple: 0.21×
• Total profit: $-64,647
• Equity at exit: $43,538

10-year hold

• IRR: -7.1%
• Equity multiple: 0.46×
• Total profit: $-44,384
• Equity at exit: $25,247

Cash invested: $81,760 (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 34285

• Rents YoY: 8.8%
• Active inventory: 468
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,981 medium
• Mortgage (P&I): −$1,531
• Tax from tax record: −$172 /mo · $2,062/yr
• Insurance: −$122
• HOA: −$177
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $-437

Break-even live

Break-even rent $2,534

Max offer price $214,839

Occupancy floor —

Sensitivity live

Price	-10% $-271	-5% $-354	+0% $-437	+5% $-519	+10% $-602
Rent	-10% $-593	-5% $-515	+0% $-437	+5% $-359	+10% $-280
Rate	-1.0pp $-290	-0.5pp $-363	base $-437	+0.5pp $-512	+1.0pp $-589

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: $73,000
• Closing costs: $8,760
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $177 · $2,124/yr
• Likely covers: pool

Listing history 6 events

1. 2026-05-18
   listed $292,000 Active
2. 2022-08-31
   soldstatus $235,000
3. 2022-08-26
   soldstatus $235,000 Closed 939-char remark

   Show marketing remark (939 chars)

   Price reduction This beautiful large home on a corner lot, in the much sought after Sandalwood Park in Venice Florida is offering a price reduction! While the outdoor space is truly awesome, you will find the home just as impressive. The large master bedroom has a private bath and a relaxing whirlpool tub and full walk in shower . The office has a wall of closet space that will easily convert to a third bedroom. The kitchen, dining room and living room are fully open and ready to entertain. The laundry is conveniently centrally located in the home. A large bonus room on the south side of the home is open to ideas with plenty of light for any setting. Den? Game room? Craft room? Man cave? Newer air conditioner (2019), newer windows and a 2011 roof! Bring your personality and this is a home you will be proud to own. A large shed with sturdy built shelving. The spacious screened lanai to view sunrise and sunset.

4. 2022-06-23
   status Pending 939-char remark

   Show marketing remark (939 chars)

   Price reduction This beautiful large home on a corner lot, in the much sought after Sandalwood Park in Venice Florida is offering a price reduction! While the outdoor space is truly awesome, you will find the home just as impressive. The large master bedroom has a private bath and a relaxing whirlpool tub and full walk in shower . The office has a wall of closet space that will easily convert to a third bedroom. The kitchen, dining room and living room are fully open and ready to entertain. The laundry is conveniently centrally located in the home. A large bonus room on the south side of the home is open to ideas with plenty of light for any setting. Den? Game room? Craft room? Man cave? Newer air conditioner (2019), newer windows and a 2011 roof! Bring your personality and this is a home you will be proud to own. A large shed with sturdy built shelving. The spacious screened lanai to view sunrise and sunset.

5. 2022-06-17
   price $248,500 939-char remark

   Show marketing remark (939 chars)

   Price reduction This beautiful large home on a corner lot, in the much sought after Sandalwood Park in Venice Florida is offering a price reduction! While the outdoor space is truly awesome, you will find the home just as impressive. The large master bedroom has a private bath and a relaxing whirlpool tub and full walk in shower . The office has a wall of closet space that will easily convert to a third bedroom. The kitchen, dining room and living room are fully open and ready to entertain. The laundry is conveniently centrally located in the home. A large bonus room on the south side of the home is open to ideas with plenty of light for any setting. Den? Game room? Craft room? Man cave? Newer air conditioner (2019), newer windows and a 2011 roof! Bring your personality and this is a home you will be proud to own. A large shed with sturdy built shelving. The spacious screened lanai to view sunrise and sunset.

6. 2022-06-06
   listed $257,500 Active 939-char remark

   Show marketing remark (939 chars)

   Price reduction This beautiful large home on a corner lot, in the much sought after Sandalwood Park in Venice Florida is offering a price reduction! While the outdoor space is truly awesome, you will find the home just as impressive. The large master bedroom has a private bath and a relaxing whirlpool tub and full walk in shower . The office has a wall of closet space that will easily convert to a third bedroom. The kitchen, dining room and living room are fully open and ready to entertain. The laundry is conveniently centrally located in the home. A large bonus room on the south side of the home is open to ideas with plenty of light for any setting. Den? Game room? Craft room? Man cave? Newer air conditioner (2019), newer windows and a 2011 roof! Bring your personality and this is a home you will be proud to own. A large shed with sturdy built shelving. The spacious screened lanai to view sunrise and sunset.

ⓘ 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: $2,062 · $172/mo
• Projected year-2 tax: $2,424 · $202/mo
• Expected delta: +$361/yr (+$30/mo · 17.5%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,772
• − Mortgage interest: −$16,357
• − Property taxes: −$2,062
• − Insurance: −$1,460
• − Repairs & maintenance: −$1,902
• − Management: −$1,902
• − HOA: −$2,124
• − Depreciation: −$8,495
• Taxable loss: −$10,529
• Est. tax savings @ 24.0%: +$2,527
• After-tax cash flow: $-2,715/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 — Venice Gardens

• Score: 68/100
• State rank: #537
• US rank: #10074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 18,677
• Household income: $68,301
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 747.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% German/W. Germanic 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: ▼ -329.42%
• Current HPI: 264.6389
• Rent YoY: ▲ 8.78%
• 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

+13.4% since first listed

6 events — show timeline

• 2026-05-18 Listed $292,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-31 Sold (Public Records) $235,000 Public Records
• 2022-08-26 Sold (MLS) $235,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-06-17 Price Changed $248,500 Stellar MLS as Distributed by MLS Grid
• 2022-06-06 Listed $257,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.0%/yr

Latest (2025): $2,062 · +4.6% YoY. Source: county tax records.