5740 Hyacinth Rd · South Venice, FL 34293

$142,000

2 bd · 2.0 ba · 1,104 sqft · Manufactured public records · 412 Days on market

Built 1972 5,139 sqft lot $257/mo HOA · 12% of rent

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful double wide unit with many new upgrades! Fully turnkey furnished and ready to move in! This gem is nestled in a spacious corner lot in the desirable Japanese Gardens neighborhood of Venice, FL. 2 bedroom 2 bath with lots of natural sunlight and updated kitchen, baths, and flooring. New roof, air conditioning, and water heater. This home is open concept with the fully refurbished kitchen with dishwasher flowing seamlessly into an expansive Family Room, Dining Area, and heated / AC Florida Room perfect for both relaxation and entertaining. The generous Primary Bedroom includes an en-Suite Bathroom with walk-in shower, two standard closets, a walk-in closet, built-in dresser drawers

Key facts

• Air conditioning
• Water heater
• Updated kitchen

Tags

• DOUBLE WIDE UNIT
• CORNER LOT
• UPDATED KITCHEN
• NEW ROOF
• AIR CONDITIONING
• WATER HEATER

Property features AI

Finance

• Other: Senior community; Buyer approval required for community; Community features include clubhouse, community mailbox, sidewalks, street lights, and special community restrictions; Pets: cats allowed; No lease restrictions reported
• Financial info: Total monthly fees reported as $257; Total annual fees reported as $3,084
• HOA & community: Has HOA (monthly fee of $257); Association requires approval; Association amenities include cable TV, clubhouse, pool, spa/hot tub, pickleball and shuffleboard courts, recreation facilities, and vehicle restrictions; Association fee covers cable TV, pool, escrow reserves, management, private road, recreational facilities, sewer and water

Exterior

• Parking: Covered parking; Driveway; Carport with 2 spaces
• Utilities: Private water; Public sewer; Cable connected; Electricity connected; Natural gas connected; Underground utilities; Water connected; Sewer connected
• Home design: Mobile home (double wide); One level; Faces east
• Construction: Metal siding; Metal roof with roof over; Crawlspace foundation; Completed condition
• Exterior features: Lighting; Private mailbox; Rain gutters; Sidewalk; Storage shed(s); Landscaped yard; Paved and gravel road access; Private maintained road; Private lot

Interior

• Kitchen: Built-in oven; Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Ceiling fans; Open floorplan with living/dining combo; Thermostat; Walk-in closet(s); Window treatments
• Laundry & utility: Washer hookup; Electric dryer hookup; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $142k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $142k).
• Recommended offer: $125k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, 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; 1247 active listings in the ZIP; 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 $982 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 412 days — a 12% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $28k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $142k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $124,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 412 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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.
9. 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.
10. 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: 1.57% ✓
• Cap rate: 11.64%
• Cash-on-cash: 19.08%
• DSCR: 1.85
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.63×
• Total profit: $-14,561
• Equity at exit: $21,173

10-year hold

• IRR: -6.4%
• Equity multiple: 0.65×
• Total profit: $-13,980
• Equity at exit: $12,278

Cash invested: $39,760 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1247
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,226 medium
• Mortgage (P&I): −$745
• Tax from tax record: −$65 /mo · $784/yr
• Insurance: −$59
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$257
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $206

Break-even live

Break-even rent $1,965

Max offer price $142,000

Occupancy floor 86%

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $257 · $3,084/yr
• Likely covers: water

Listing history 12 events

1. 2026-05-01
   status Pending
2. 2026-04-02
   status Active
3. 2026-03-31
   historical
4. 2026-03-12
   status Active
5. 2026-02-27
   status Pending
6. 2026-02-03
   price $142,000
7. 2025-10-25
   price $145,000
8. 2025-06-05
   price $149,000
9. 2025-05-02
   price $158,000
10. 2025-02-28
    listed $170,000 Active
11. 1997-06-05
    soldstatus $50,000
12. 1995-10-11
    soldstatus $42,000

ⓘ 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: $784 · $65/mo
• Projected year-2 tax: $1,179 · $98/mo
• Expected delta: +$395/yr (+$33/mo · 50.4%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 68% 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,709
• − Mortgage interest: −$7,954
• − Property taxes: −$784
• − Insurance: −$5,828
• − Repairs & maintenance: −$2,137
• − Management: −$2,137
• − HOA: −$3,084
• − Depreciation: −$4,131
• Taxable income: $654
• Est. tax owed @ 24.0%: −$157
• After-tax cash flow: $2,311/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 — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 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: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• 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

+238.1% since first listed

12 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Price Changed $142,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-25 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-05 Price Changed $149,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-02 Price Changed $158,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-28 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 1997-06-05 Sold (Public Records) $50,000 Public Records
• 1995-10-11 Sold (Public Records) $42,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $784 · +2.9% YoY. Source: county tax records.