1674 University Pkwy #41 · Sarasota, FL 34243

$169,900

1 bd · 1.5 ba · 980 sqft · Manufactured · 80 Days on market

Built 1991 Good condition 2,100 sqft lot $280/mo HOA · 16% of rent ↓ 6% since listing

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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 +11.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.3/10.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Sarasota Lakes, a gated and amenity-rich community perfectly positioned in the heart of Sarasota. This beautifully updated FURNISHED 1-bedroom, 1.5-bath residence offers nearly 1,000 square feet of thoughtfully designed living space, ideal for year-round living, a seasonal retreat, or a low-maintenance second home. Step inside to find vaulted ceilings that create an open and airy feel, complemented by recently updated vinyl plank flooring and subflooring throughout. The fully remodeled kitchen serves as the centerpiece of the home, featuring updated cabinetry, sleek countertops, and stainless steel appliances, all designed for both functionality and style. Modern fixtures and finishes throughout add a fresh, move-in-ready appeal. Outdoor living is just as inviting, with newly installed brick pavers creating the perfect space to relax or entertain in your own private setting. Residents of Sarasota Lakes enjoy a low HOA and access to an impressive array of amenities, including a heated pool and spa, tennis courts, a basketball court, playground, and shuffleboard—offering something for everyone in this vibrant, gated community. Ideally located just minutes from University Town Center (UTC), downtown Sarasota, and some of Florida’s most renowned Gulf Coast beaches including Lido Key, Siesta Key, and Anna Maria Island, this property delivers both convenience and lifestyle. Whether you’re looking for a full-time residence, a winter escape, or a smart investment opportunity, this home checks all the boxes.

Key facts

• 2,100 sq ft lot
• Community pool
• Built 1991

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath manufactured listed at $170k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-59 ($-708/yr) — negative.
• To cash-flow at today's rent, offer at most $161k (5.0% below list).
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $160k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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 falling (-4.1%/yr); 386 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $5k 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 80 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

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 $159,706 (6.0% 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 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 1.04% ✓
• Cap rate: 5.88%
• Cash-on-cash: -1.49%
• DSCR: 0.93
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.9%
• Equity multiple: 0.24×
• Total profit: $-36,267
• Equity at exit: $25,333

10-year hold

• IRR: -32.0%
• Equity multiple: -0.17×
• Total profit: $-55,614
• Equity at exit: $14,690

Cash invested: $47,572 (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 34243

• Home prices YoY: -23.0%
• Rents YoY: -4.1%
• Active inventory: 386
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,766 high
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,548/yr
• Insurance: −$71
• HOA: −$280
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $-59

Break-even live

Break-even rent $1,841

Max offer price $161,360

Occupancy floor 98%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2800 Telluride Loop Sarasota, FL	1.0–3.0	1.0–2.0	1060	$1,737	$1.64	2d	20	0.80mi
2351 University Pkwy Sarasota, FL	1.0–3.0	1.0–2.0	1046	$1,839	$1.76	2d	24	1.03mi
2575 University Pkwy Sarasota, FL	1.0–3.0	1.0–2.0	1026	$1,856	$1.81	2d	25	1.27mi
8310 Bella Grove Cir Sarasota, FL	1.0–2.0	1.0–2.0	897	$1,569	$1.75	2d	13	1.30mi
8377 38th Street Cir E Sarasota, FL	1.0	1.0	900	$1,994	$2.22	16d	2	1.43mi
8357 38th Street Cir E #104 Sarasota, FL	2.0	2.0	1080	$4,400	$4.07	24d	1	1.44mi

HOA detail

• Monthly dues: $280 · $3,360/yr
• Likely covers: poolsecurity

Listing history 18 events

1. 2026-06-18
   days on market $169,900 Active 80 DOM
2. 2026-06-17
   days on market $169,900 Active 79 DOM
3. 2026-06-16
   days on market $169,900 Active 78 DOM
4. 2026-06-15
   days on market $169,900 Active 77 DOM
5. 2026-06-13
   days on market $169,900 Active 75 DOM
6. 2026-06-13
   days on market $169,900 Active 74 DOM
7. 2026-06-10
   days on market $169,900 Active 72 DOM
8. 2026-06-09
   days on market $169,900 Active 71 DOM
9. 2026-06-08
   days on market $169,900 Active 70 DOM
10. 2026-06-08
    days on market $169,900 Active 69 DOM
11. 2026-06-05
    days on market $169,900 Active 66 DOM
12. 2026-06-03
    days on market $169,900 Active 65 DOM
13. 2026-06-02
    days on market $169,900 Active 64 DOM
14. 2026-06-01
    days on market $169,900 Active 63 DOM
15. 2026-05-31
    days on market $169,900 Active 62 DOM
16. 2026-05-13
    price $169,900 1553-char remark

    Show marketing remark (1553 chars)

    Welcome to Sarasota Lakes, a gated and amenity-rich community perfectly positioned in the heart of Sarasota. This beautifully updated FURNISHED 1-bedroom, 1.5-bath residence offers nearly 1,000 square feet of thoughtfully designed living space, ideal for year-round living, a seasonal retreat, or a low-maintenance second home. Step inside to find vaulted ceilings that create an open and airy feel, complemented by recently updated vinyl plank flooring and subflooring throughout. The fully remodeled kitchen serves as the centerpiece of the home, featuring updated cabinetry, sleek countertops, and stainless steel appliances, all designed for both functionality and style. Modern fixtures and finishes throughout add a fresh, move-in-ready appeal. Outdoor living is just as inviting, with newly installed brick pavers creating the perfect space to relax or entertain in your own private setting. Residents of Sarasota Lakes enjoy a low HOA and access to an impressive array of amenities, including a heated pool and spa, tennis courts, a basketball court, playground, and shuffleboard—offering something for everyone in this vibrant, gated community. Ideally located just minutes from University Town Center (UTC), downtown Sarasota, and some of Florida’s most renowned Gulf Coast beaches including Lido Key, Siesta Key, and Anna Maria Island, this property delivers both convenience and lifestyle. Whether you’re looking for a full-time residence, a winter escape, or a smart investment opportunity, this home checks all the boxes.

17. 2026-04-18
    price $174,900 1553-char remark

    Show marketing remark (1553 chars)

    Welcome to Sarasota Lakes, a gated and amenity-rich community perfectly positioned in the heart of Sarasota. This beautifully updated FURNISHED 1-bedroom, 1.5-bath residence offers nearly 1,000 square feet of thoughtfully designed living space, ideal for year-round living, a seasonal retreat, or a low-maintenance second home. Step inside to find vaulted ceilings that create an open and airy feel, complemented by recently updated vinyl plank flooring and subflooring throughout. The fully remodeled kitchen serves as the centerpiece of the home, featuring updated cabinetry, sleek countertops, and stainless steel appliances, all designed for both functionality and style. Modern fixtures and finishes throughout add a fresh, move-in-ready appeal. Outdoor living is just as inviting, with newly installed brick pavers creating the perfect space to relax or entertain in your own private setting. Residents of Sarasota Lakes enjoy a low HOA and access to an impressive array of amenities, including a heated pool and spa, tennis courts, a basketball court, playground, and shuffleboard—offering something for everyone in this vibrant, gated community. Ideally located just minutes from University Town Center (UTC), downtown Sarasota, and some of Florida’s most renowned Gulf Coast beaches including Lido Key, Siesta Key, and Anna Maria Island, this property delivers both convenience and lifestyle. Whether you’re looking for a full-time residence, a winter escape, or a smart investment opportunity, this home checks all the boxes.

18. 2026-03-30
    listed $179,900 Active 1553-char remark

    Show marketing remark (1553 chars)

    Welcome to Sarasota Lakes, a gated and amenity-rich community perfectly positioned in the heart of Sarasota. This beautifully updated FURNISHED 1-bedroom, 1.5-bath residence offers nearly 1,000 square feet of thoughtfully designed living space, ideal for year-round living, a seasonal retreat, or a low-maintenance second home. Step inside to find vaulted ceilings that create an open and airy feel, complemented by recently updated vinyl plank flooring and subflooring throughout. The fully remodeled kitchen serves as the centerpiece of the home, featuring updated cabinetry, sleek countertops, and stainless steel appliances, all designed for both functionality and style. Modern fixtures and finishes throughout add a fresh, move-in-ready appeal. Outdoor living is just as inviting, with newly installed brick pavers creating the perfect space to relax or entertain in your own private setting. Residents of Sarasota Lakes enjoy a low HOA and access to an impressive array of amenities, including a heated pool and spa, tennis courts, a basketball court, playground, and shuffleboard—offering something for everyone in this vibrant, gated community. Ideally located just minutes from University Town Center (UTC), downtown Sarasota, and some of Florida’s most renowned Gulf Coast beaches including Lido Key, Siesta Key, and Anna Maria Island, this property delivers both convenience and lifestyle. Whether you’re looking for a full-time residence, a winter escape, or a smart investment opportunity, this home checks all the boxes.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $21,192
• − Mortgage interest: −$9,517
• − Property taxes: −$2,548
• − Insurance: −$850
• − Repairs & maintenance: −$1,695
• − Management: −$1,695
• − HOA: −$3,360
• − Depreciation: −$4,943
• Taxable loss: −$3,417
• Est. tax savings @ 24.0%: +$820
• After-tax cash flow: $112/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained, updated manufactured home in Sarasota Lakes offers a good investment opportunity with minimal repairs and a good resale value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Both Replace worn flooring — Improves comfort and value
• Both Update kitchen backsplash — Enhances aesthetics and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Both Replace worn flooring — Improves comfort and value ↑
• Both Update kitchen backsplash — Enhances aesthetics and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Manatee County · 416,364 people
• City population: 261,896
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 32,773
• Household income: $81,219
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 1138.0

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 11% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 16% · Canada, Vietnam, Jamaica
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 3% Other Indo-European 3%

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: ▼ -83.67%
• Current HPI: 280.5372
• Rent YoY: ▼ -4.14%
• 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

-5.6% since first listed

3 events — show timeline

• 2026-05-13 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-18 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Listed $179,900 Stellar MLS as Distributed by MLS Grid