6502 Hikina Dr · North Port, FL 34287

$103,999

2 bd · 2.0 ba · 671 sqft · Manufactured public records · 243 Days on market

Built 1974 5,729 sqft lot

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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 +26.7/30.0
• 1% rule +9.7/10.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER! Welcome to 6502 Hikina Drive in North Port, Florida — nestled in the desirable Holiday Park 55- plus community, where you OWN THE LAND This charming, fully furnished two-bedroom, one-and-a-half-bath home offers bright living spaces filled with natural light. The cozy living room is perfect for relaxing, and the crisp kitchen features a stylish backsplash and plenty of cabinet space. Both bedrooms have the feeling of comfort and flexibility — ideal for guests or a home office — with beautiful flooring throughout. You will have plenty of storage in the workshop and EXTRA SQ FOOTAGE UNDER AIR/HEAT in the 10x20 Florida Room/Lanai which has vinyl windows, Bamboo blinds and a splitter AC to keep it nice and cold during your summer entertaining after a long day at one of the 2 pools or near by beaches. MOTIVATED SELLER!!! You’ll appreciate the convenient laundry and bonus area, plus a newer roof, air conditioning, and water heater. Holiday Park residents enjoy a gated community with two pools, clubhouse, tennis, and social activities — all for low annual fees. This home is move-in ready and well maintained. This very popular park offers 2 pools, pickleball, shuffleboard, Bocce courts and a fitness center in the Heart of North Port. Walking distance to shopping. Very active park with lots of amenities to keep you busy and engaged in the community. The seller has it treated for insects by Terminix quarterly. Water Heater 3 yrs old and re-piped, Roof was replaced in 2014, AC is regularly serviced and is 2016.Mold and leak detection has been done and is clear. With just a 15-20 min drive to local beaches and Malls. Wellen Park offers great shopping a dinning as you watch an ATLANTA BRAVES GAMES. HOLIDAY PARK offers Storage for boats, campers and trailers available. (extra fee) So many activities to keep you busy with plenty of card games and parties! Park Application and approval is required with a $50 application fee. One owner must be 55 yrs or older and the other 45yrs or older.

Key facts

• Pickle ball
• Fitness center
• Bocce courts

Tags

• 2 POOLS
• PICKLE BALL
• SHUFFLEBOARD
• BOCCE COURTS
• FITNESS CENTER
• WALKING DISTANCE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $104k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $104k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 3.6% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: 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; 852 active listings in the ZIP; 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 $719 of loan paydown is wiped out by about $3k 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 243 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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 $75k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price.
• Climate carrying-cost: major flood risk; 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 $91,519 (12.0% below list)

Questions for the listing agent

1. It's been on market 243 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.47% ✓
• Cap rate: 9.53%
• Cash-on-cash: 11.54%
• DSCR: 1.51
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -2.8%
• Equity multiple: 0.90×
• Total profit: $-2,962
• Equity at exit: $15,507

10-year hold

• IRR: 2.8%
• Equity multiple: 1.17×
• Total profit: $5,069
• Equity at exit: $8,992

Cash invested: $29,120 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,529 medium
• Mortgage (P&I): −$545
• Tax from tax record: −$339 /mo · $4,073/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $280

Break-even live

Break-even rent $1,175

Max offer price $103,999

Occupancy floor 77%

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: $26,000
• Closing costs: $3,120
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-01
   days on market $103,999 Active 243 DOM
2. 2026-05-31
   days on market $103,999 Active 242 DOM
3. 2026-01-06
   price $103,999 2057-char remark

   Show marketing remark (2057 chars)

   MOTIVATED SELLER! Welcome to 6502 Hikina Drive in North Port, Florida — nestled in the desirable Holiday Park 55- plus community, where you OWN THE LAND This charming, fully furnished two-bedroom, one-and-a-half-bath home offers bright living spaces filled with natural light. The cozy living room is perfect for relaxing, and the crisp kitchen features a stylish backsplash and plenty of cabinet space. Both bedrooms have the feeling of comfort and flexibility — ideal for guests or a home office — with beautiful flooring throughout. You will have plenty of storage in the workshop and EXTRA SQ FOOTAGE UNDER AIR/HEAT in the 10x20 Florida Room/Lanai which has vinyl windows, Bamboo blinds and a splitter AC to keep it nice and cold during your summer entertaining after a long day at one of the 2 pools or near by beaches. MOTIVATED SELLER!!! You’ll appreciate the convenient laundry and bonus area, plus a newer roof, air conditioning, and water heater. Holiday Park residents enjoy a gated community with two pools, clubhouse, tennis, and social activities — all for low annual fees. This home is move-in ready and well maintained. This very popular park offers 2 pools, pickleball, shuffleboard, Bocce courts and a fitness center in the Heart of North Port. Walking distance to shopping. Very active park with lots of amenities to keep you busy and engaged in the community. The seller has it treated for insects by Terminix quarterly. Water Heater 3 yrs old and re-piped, Roof was replaced in 2014, AC is regularly serviced and is 2016.Mold and leak detection has been done and is clear. With just a 15-20 min drive to local beaches and Malls. Wellen Park offers great shopping a dinning as you watch an ATLANTA BRAVES GAMES. HOLIDAY PARK offers Storage for boats, campers and trailers available. (extra fee) So many activities to keep you busy with plenty of card games and parties! Park Application and approval is required with a $50 application fee. One owner must be 55 yrs or older and the other 45yrs or older.

4. 2025-11-11
   price $104,999 2057-char remark

   Show marketing remark (2057 chars)

   MOTIVATED SELLER! Welcome to 6502 Hikina Drive in North Port, Florida — nestled in the desirable Holiday Park 55- plus community, where you OWN THE LAND This charming, fully furnished two-bedroom, one-and-a-half-bath home offers bright living spaces filled with natural light. The cozy living room is perfect for relaxing, and the crisp kitchen features a stylish backsplash and plenty of cabinet space. Both bedrooms have the feeling of comfort and flexibility — ideal for guests or a home office — with beautiful flooring throughout. You will have plenty of storage in the workshop and EXTRA SQ FOOTAGE UNDER AIR/HEAT in the 10x20 Florida Room/Lanai which has vinyl windows, Bamboo blinds and a splitter AC to keep it nice and cold during your summer entertaining after a long day at one of the 2 pools or near by beaches. MOTIVATED SELLER!!! You’ll appreciate the convenient laundry and bonus area, plus a newer roof, air conditioning, and water heater. Holiday Park residents enjoy a gated community with two pools, clubhouse, tennis, and social activities — all for low annual fees. This home is move-in ready and well maintained. This very popular park offers 2 pools, pickleball, shuffleboard, Bocce courts and a fitness center in the Heart of North Port. Walking distance to shopping. Very active park with lots of amenities to keep you busy and engaged in the community. The seller has it treated for insects by Terminix quarterly. Water Heater 3 yrs old and re-piped, Roof was replaced in 2014, AC is regularly serviced and is 2016.Mold and leak detection has been done and is clear. With just a 15-20 min drive to local beaches and Malls. Wellen Park offers great shopping a dinning as you watch an ATLANTA BRAVES GAMES. HOLIDAY PARK offers Storage for boats, campers and trailers available. (extra fee) So many activities to keep you busy with plenty of card games and parties! Park Application and approval is required with a $50 application fee. One owner must be 55 yrs or older and the other 45yrs or older.

5. 2025-10-01
   listed $106,500 Active 2057-char remark

   Show marketing remark (2057 chars)

   MOTIVATED SELLER! Welcome to 6502 Hikina Drive in North Port, Florida — nestled in the desirable Holiday Park 55- plus community, where you OWN THE LAND This charming, fully furnished two-bedroom, one-and-a-half-bath home offers bright living spaces filled with natural light. The cozy living room is perfect for relaxing, and the crisp kitchen features a stylish backsplash and plenty of cabinet space. Both bedrooms have the feeling of comfort and flexibility — ideal for guests or a home office — with beautiful flooring throughout. You will have plenty of storage in the workshop and EXTRA SQ FOOTAGE UNDER AIR/HEAT in the 10x20 Florida Room/Lanai which has vinyl windows, Bamboo blinds and a splitter AC to keep it nice and cold during your summer entertaining after a long day at one of the 2 pools or near by beaches. MOTIVATED SELLER!!! You’ll appreciate the convenient laundry and bonus area, plus a newer roof, air conditioning, and water heater. Holiday Park residents enjoy a gated community with two pools, clubhouse, tennis, and social activities — all for low annual fees. This home is move-in ready and well maintained. This very popular park offers 2 pools, pickleball, shuffleboard, Bocce courts and a fitness center in the Heart of North Port. Walking distance to shopping. Very active park with lots of amenities to keep you busy and engaged in the community. The seller has it treated for insects by Terminix quarterly. Water Heater 3 yrs old and re-piped, Roof was replaced in 2014, AC is regularly serviced and is 2016.Mold and leak detection has been done and is clear. With just a 15-20 min drive to local beaches and Malls. Wellen Park offers great shopping a dinning as you watch an ATLANTA BRAVES GAMES. HOLIDAY PARK offers Storage for boats, campers and trailers available. (extra fee) So many activities to keep you busy with plenty of card games and parties! Park Application and approval is required with a $50 application fee. One owner must be 55 yrs or older and the other 45yrs or older.

6. 2025-05-01
   historical
7. 2025-02-03
   status Active
8. 2025-01-24
   price $124,500
9. 2024-06-24
   listed $125,500 Active
10. 2018-04-13
    soldstatus $75,000
11. 2018-04-08
    historical
12. 2018-04-06
    soldstatus $75,000 Sold
13. 2018-04-05
    historical
14. 2018-04-05
    listed $75,000
15. 2016-07-27
    soldstatus $70,000
16. 2016-07-25
    soldstatus $70,000 Sold
17. 2016-07-06
    status Pending
18. 2016-04-18
    listed $74,900 Active
19. 2010-01-01
    listed $57,500
20. 2007-12-03
    listed $74,900
21. 1985-04-01
    soldstatus $32,000

ⓘ 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: $4,073 · $339/mo
• Projected year-2 tax: $4,073 · $339/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 6/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,354
• − Mortgage interest: −$5,826
• − Property taxes: −$4,073
• − Insurance: −$520
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − Depreciation: −$3,025
• Taxable income: $1,973
• Est. tax owed @ 24.0%: −$474
• After-tax cash flow: $2,888/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 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: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+225.0% since first listed

19 events — show timeline

• 2026-01-06 Price Changed $103,999 Stellar MLS as Distributed by MLS Grid
• 2025-11-11 Price Changed $104,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-01 Listed $106,500 Stellar MLS as Distributed by MLS Grid
• 2025-05-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-24 Price Changed $124,500 Stellar MLS as Distributed by MLS Grid
• 2024-06-24 Listed $125,500 Stellar MLS as Distributed by MLS Grid
• 2018-04-13 Sold (Public Records) $75,000 Public Records
• 2018-04-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-04-06 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-05 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-07-27 Sold (Public Records) $70,000 Public Records
• 2016-07-25 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2016-07-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-04-18 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2010-01-01 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 2007-12-03 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 1985-04-01 Sold (Public Records) $32,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $4,073 · +0.6% YoY. Source: county tax records.