1036 Hope St · Venice, FL 34285

$299,950

2 bd · 2.0 ba · 1,148 sqft · SingleFamily public records · 43 Days on market

Built 1976 6,300 sqft lot

---

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 +8.3/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under contract-accepting backup offers. Excellent opportunity to own a home in Venice FL where beaches and boating are a staple!!! This home is conveniently located to all that makes Venice a special place to live, with great shopping, dining, and schools. Maybe best is the high efficiency of the home itself. Save every month with the newly replaced energy efficient windows, concrete block construction, newer roof, recently upgraded appliances, and a/c system. The home's huge backyard includes a large walk-in shed, is fenced, and ideal for active families and pets. . The home is clean as a whistle and ready for singles, families on a budget, or an investor. Plus, this home is NOT in a flood zone, and there are no HOA or CDD fees. Make a point of seeing this opportunity.

Key facts

• Large walk in shed
• Newer roof
• Huge backyard

Tags

• ENERGY EFFICIENT WINDOWS
• CONCRETE BLOCK CONSTRUCTION
• NEWER ROOF
• UPGRADED APPLIANCES
• HUGE BACKYARD
• LARGE WALK IN SHED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-275 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $251k (16.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (31.9% below list).
• Recommended offer: $204k (31.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#129 in FL, #1,925 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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: Garden Elementary School (math 71% / reading 69%, grade A-, #345 of 2,144 statewide, top 17%, 513 students, 52% FRL); Venice Middle School (math 71% / reading 58%, grade A-, #100 of 571 statewide, top 18%, 761 students, 37% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL) — zoned schools at 40% FRL track the district average.
• 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 36% 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

• It's been on market 43 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $19k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $31k; list at $300k implies a 864% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,367 (31.9% 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 43 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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. 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?
7. 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.
8. 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.
9. 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: 5.19%
• Cash-on-cash: -3.93%
• DSCR: 0.83
• GRM: 12.2

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: -18.0%
• Equity multiple: 0.34×
• Total profit: $-55,404
• Equity at exit: $44,724

10-year hold

• IRR: -3.3%
• Equity multiple: 0.74×
• Total profit: $-21,977
• Equity at exit: $25,934

Cash invested: $83,986 (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: 12.2×

Monthly cashflow live

• Estimated rent: $2,044 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$192 /mo · $2,299/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $-275

Break-even live

Break-even rent $2,392

Max offer price $251,363

Occupancy floor —

Sensitivity live

Price	-10% $-105	-5% $-190	+0% $-275	+5% $-360	+10% $-445
Rent	-10% $-436	-5% $-356	+0% $-275	+5% $-194	+10% $-114
Rate	-1.0pp $-124	-0.5pp $-199	base $-275	+0.5pp $-353	+1.0pp $-432

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: $74,988
• Closing costs: $8,998
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-10
   days on market $299,950 Active 43 DOM
2. 2026-06-09
   days on market $299,950 Active 42 DOM
3. 2026-06-08
   days on market $299,950 Active 41 DOM
4. 2026-06-08
   days on market $299,950 Active 40 DOM
5. 2026-06-05
   days on market $299,950 Active 37 DOM
6. 2026-06-03
   days on market $299,950 Active 36 DOM
7. 2026-06-02
   days on market $299,950 Active 35 DOM
8. 2026-06-02
   price $299,950 Active 34 DOM
9. 2026-06-01
   days on market $295,900 Active 34 DOM
10. 2026-05-31
    days on market $295,900 Active 33 DOM
11. 2026-05-17
    status Pending 780-char remark

    Show marketing remark (780 chars)

    Under contract-accepting backup offers. Excellent opportunity to own a home in Venice FL where beaches and boating are a staple!!! This home is conveniently located to all that makes Venice a special place to live, with great shopping, dining, and schools. Maybe best is the high efficiency of the home itself. Save every month with the newly replaced energy efficient windows, concrete block construction, newer roof, recently upgraded appliances, and a/c system. The home's huge backyard includes a large walk-in shed, is fenced, and ideal for active families and pets. . The home is clean as a whistle and ready for singles, families on a budget, or an investor. Plus, this home is NOT in a flood zone, and there are no HOA or CDD fees. Make a point of seeing this opportunity.

12. 2026-05-08
    price $295,900 780-char remark

    Show marketing remark (780 chars)

    Under contract-accepting backup offers. Excellent opportunity to own a home in Venice FL where beaches and boating are a staple!!! This home is conveniently located to all that makes Venice a special place to live, with great shopping, dining, and schools. Maybe best is the high efficiency of the home itself. Save every month with the newly replaced energy efficient windows, concrete block construction, newer roof, recently upgraded appliances, and a/c system. The home's huge backyard includes a large walk-in shed, is fenced, and ideal for active families and pets. . The home is clean as a whistle and ready for singles, families on a budget, or an investor. Plus, this home is NOT in a flood zone, and there are no HOA or CDD fees. Make a point of seeing this opportunity.

13. 2026-04-15
    listed $319,000 Active 780-char remark

    Show marketing remark (780 chars)

    Under contract-accepting backup offers. Excellent opportunity to own a home in Venice FL where beaches and boating are a staple!!! This home is conveniently located to all that makes Venice a special place to live, with great shopping, dining, and schools. Maybe best is the high efficiency of the home itself. Save every month with the newly replaced energy efficient windows, concrete block construction, newer roof, recently upgraded appliances, and a/c system. The home's huge backyard includes a large walk-in shed, is fenced, and ideal for active families and pets. . The home is clean as a whistle and ready for singles, families on a budget, or an investor. Plus, this home is NOT in a flood zone, and there are no HOA or CDD fees. Make a point of seeing this opportunity.

14. 2026-03-31
    historical
15. 2026-02-20
    price $299,900
16. 2025-11-27
    price $309,999
17. 2025-10-21
    listed $318,000 Active
18. 2025-09-30
    historical
19. 2025-06-25
    price $309,900
20. 2025-05-13
    price $318,900
21. 2025-03-08
    listed $329,000 Active
22. 2007-09-14
    listed $159,000
23. 1977-08-01
    soldstatus $31,100

ⓘ 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: $2,299 · $192/mo
• Projected year-2 tax: $2,490 · $207/mo
• Expected delta: +$190/yr (+$16/mo · 8.3%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $24,524
• − Mortgage interest: −$16,802
• − Property taxes: −$2,299
• − Insurance: −$1,500
• − Repairs & maintenance: −$1,962
• − Management: −$1,962
• − Depreciation: −$8,726
• Taxable loss: −$8,726
• Est. tax savings @ 24.0%: +$2,094
• After-tax cash flow: $-1,206/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

• Score: 80/100
• State rank: #129
• US rank: #1925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Venice, FL
• County: Sarasota County · 448,376 people
• City population: 86,541
• 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

+851.4% since first listed

13 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $295,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Listed $319,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Price Changed $299,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-27 Price Changed $309,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-21 Listed $318,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-25 Price Changed $309,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-13 Price Changed $318,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-08 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-14 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 1977-08-01 Sold (Public Records) $31,100 Public Records

Property tax history

+6.8%/yr

Latest (2025): $2,299 · -6.4% YoY. Source: county tax records.