411 Cypress Forest Dr · Englewood, FL 34223

$299,000

2 bd · 2.0 ba · 1,542 sqft · SingleFamily public records · 270 Days on market

Built 1987 6,857 sqft lot $194/sqft · at area comps Est $302k · at est. $366/mo HOA · 14% of rent

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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 +8.5/30.0
• ARV discount +7.9/15.0
• Schools +5.4/10.0
• Rent growth +4.8/5.0
• 1% rule +3.7/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

Key facts

• Gated community
• Tranquil water view
• Screened lanai

Tags

• GATED COMMUNITY
• SCREENED LANAI
• TRANQUIL WATER VIEW
• SOFT-CLOSE CABINETRY
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-262 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $253k (15.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $261k (12.9% below list).
• Recommended offer: $253k (15.5% below list) — sets the bar for cash-flow.
• Cap rate 5.2% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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: Englewood Elementary School (math 65% / reading 66%, grade B+, #500 of 2,144 statewide, top 24%, 587 students, 52% FRL).
• Market conditions: Rents rising fast (+9.0%/yr); 726 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 41% of the median local income ($76k/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 270 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $29k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $145k; list at $299k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $252,670 (15.5% 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 270 days. Have you received any prior offers? Is the seller open to a 15% 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 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?
7. 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?
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: 0.87% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.76%
• DSCR: 0.83
• GRM: 9.6

CMA / ARV

• ARV (median comp): $301,981
• List price: $299,000
• Delta: -0.99%
• Verdict: FAIR
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.4%
• Equity multiple: 0.39×
• Total profit: $-51,188
• Equity at exit: $44,582

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-2,612
• Equity at exit: $25,852

Cash invested: $83,720 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 726
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,606 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$262 /mo · $3,146/yr
• Insurance: −$125
• HOA: −$366
• Vacancy / Maint / Mgmt: −$547
• Net cashflow: $-262

Break-even live

Break-even rent $2,938

Max offer price $252,670

Occupancy floor —

Sensitivity live

Price	-10% $-93	-5% $-178	+0% $-262	+5% $-347	+10% $-432
Rent	-10% $-468	-5% $-365	+0% $-262	+5% $-159	+10% $-56
Rate	-1.0pp $-112	-0.5pp $-186	base $-262	+0.5pp $-340	+1.0pp $-419

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $366 · $4,392/yr
• Likely covers: waterlandscapingpoolsecurity

Listing history 21 events

1. 2026-06-21
   days on market $299,000 Active 270 DOM
2. 2026-06-18
   days on market $299,000 Active 267 DOM
3. 2026-06-17
   days on market $299,000 Active 266 DOM
4. 2026-06-15
   days on market $299,000 Active 264 DOM
5. 2026-06-13
   days on market $299,000 Active 262 DOM
6. 2026-06-13
   days on market $299,000 Active 261 DOM
7. 2026-06-10
   days on market $299,000 Active 259 DOM
8. 2026-06-09
   days on market $299,000 Active 258 DOM
9. 2026-06-08
   days on market $299,000 Active 256 DOM
10. 2026-06-05
    days on market $299,000 Active 253 DOM
11. 2026-06-03
    days on market $299,000 Active 252 DOM
12. 2026-06-02
    days on market $299,000 Active 251 DOM
13. 2026-06-01
    days on market $299,000 Active 250 DOM
14. 2026-05-31
    days on market $299,000 Active 249 DOM
15. 2026-05-15
    price $299,000 903-char remark

    Show marketing remark (903 chars)

    Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

16. 2026-03-24
    status Active 903-char remark

    Show marketing remark (903 chars)

    Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

17. 2026-03-24
    price $310,000 903-char remark

    Show marketing remark (903 chars)

    Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

18. 2026-03-23
    historical 903-char remark

    Show marketing remark (903 chars)

    Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

19. 2025-09-23
    listed $328,000 Active 903-char remark

    Show marketing remark (903 chars)

    Priced to sell — all reasonable offers welcome! Great opportunity in the gated 55+ community of Park Forest with LOW HOA fees, NO CDD fees, and NO flood insurance required. Recent updates include new DuraLux waterproof luxury vinyl flooring in the kitchen, dining area, and bedrooms. This bright split-floor-plan home features vaulted ceilings, a screened lanai with peaceful water views, a versatile den/office, and an inside laundry room. The kitchen offers granite countertops, stainless steel appliances, soft-close cabinetry, pantry, and sunny bay-window dining area. The community offers a wide variety of activities, clubhouse, pool, pickleball, and is golf cart friendly. HOA covers lawn care, irrigation, roof replacement, exterior painting, and common areas. Conveniently located near historic Dearborn Street and less than 15 minutes to the beaches of Manasota Key, Venice, and Nokomis.

20. 2003-05-27
    soldstatus $145,000
21. 1999-12-06
    soldstatus $105,000

ⓘ 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: $3,146 · $262/mo
• Projected year-2 tax: $3,146 · $262/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 5/10 Major FEMA zone X (shaded) · 43% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $31,269
• − Mortgage interest: −$16,749
• − Property taxes: −$3,146
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,501
• − Management: −$2,501
• − HOA: −$4,392
• − Depreciation: −$8,698
• Taxable loss: −$8,215
• Est. tax savings @ 24.0%: +$1,972
• After-tax cash flow: $-1,176/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% Other Indo-European 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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+184.8% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $310,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-23 Listed $328,000 Stellar MLS as Distributed by MLS Grid
• 2003-05-27 Sold (Public Records) $145,000 Public Records
• 1999-12-06 Sold (Public Records) $105,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,146 · +69.4% YoY. Source: county tax records.