1475 Flamingo Dr #286 · Englewood, FL 34224

$135,000

2 bd · 1.0 ba · 432 sqft · Land public records · 45 Days on market

Built 1985 1,875 sqft lot $140/mo HOA · 10% 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 +16.2/30.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

Key facts

• Gated community
• Community boat ramp
• Dog parks

Tags

• NEWLY BUILT CARPORT
• GATED COMMUNITY
• COMMUNITY BOAT RAMP
• INDOOR PICKLE-BALL COURTS
• DOG PARKS
• OPTIONAL BOAT RV STORAGE

Property features AI

Finance

• Other: Unit is in a managed community (Surfside Cam Services); Directions provided by listing
• Financial info: Total monthly fees $140; total annual fees $1,680; Lease restrictions apply
• HOA & community: Monthly association fee of $140; Association amenities include clubhouse, pool, recreation facilities, shuffleboard court, park, laundry, storage, maintenance, private road, and trash service; Association approval required; Senior community; Pets allowed (cats and dogs with number limits); Deed restrictions; Community mailbox; Street lights; Golf carts allowed

Exterior

• Parking: Carport (2 spaces)
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Cable available; Broadband/High-speed internet available
• Home design: Manufactured single-wide home; Residential property; Completed condition; One level; Facing east
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Covered side porch; Private mailbox; Exterior storage

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Lighting
• Laundry & utility: Laundry in common area; Outside laundry; Other laundry options; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $135k.

Deal economics

• At list price, monthly cash flow is $6 ($68/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.1%/yr); 734 active listings in the ZIP; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y 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 $74k; list at $135k implies a 81% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.05% ✓
• Cap rate: 6.93%
• Cash-on-cash: 2.29%
• DSCR: 1.10
• GRM: 7.9

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: -20.0%
• Equity multiple: 0.32×
• Total profit: $-25,532
• Equity at exit: $20,129

10-year hold

• IRR: -23.5%
• Equity multiple: 0.01×
• Total profit: $-37,273
• Equity at exit: $11,672

Cash invested: $37,800 (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 34224

• Home prices YoY: -18.9%
• Rents YoY: -0.1%
• Active inventory: 734
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,417 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$143 /mo · $1,713/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$140
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $6

Break-even live

Break-even rent $1,409

Max offer price $135,000

Occupancy floor 95%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $140 · $1,680/yr
• Likely covers: watersewertrashpoolsecurity

Listing history 30 events

1. 2026-06-18
   days on market $135,000 Active 45 DOM
2. 2026-06-17
   days on market $135,000 Active 44 DOM
3. 2026-06-16
   days on market $135,000 Active 43 DOM
4. 2026-06-15
   days on market $135,000 Active 42 DOM
5. 2026-06-14
   days on market $135,000 Active 40 DOM
6. 2026-06-13
   days on market $135,000 Active 39 DOM
7. 2026-06-10
   days on market $135,000 Active 37 DOM
8. 2026-06-09
   days on market $135,000 Active 36 DOM
9. 2026-06-08
   days on market $135,000 Active 35 DOM
10. 2026-06-07
    days on market $135,000 Active 34 DOM
11. 2026-06-05
    days on market $135,000 Active 31 DOM
12. 2026-06-03
    days on market $135,000 Active 30 DOM
13. 2026-06-02
    days on market $135,000 Active 29 DOM
14. 2026-06-01
    days on market $135,000 Active 28 DOM
15. 2026-05-31
    days on market $135,000 Active 27 DOM
16. 2026-05-30
    days on market $135,000 Active 26 DOM
17. 2026-05-04
    listed $135,000 Active
18. 2026-01-05
    historical $2,000
19. 2025-12-04
    listed $2,000
20. 2025-10-19
    historical $2,000
21. 2025-09-18
    listed $2,000
22. 2021-04-20
    soldstatus $74,500 Closed 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

23. 2021-04-01
    status Pending 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

24. 2021-03-10
    status Pending 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

25. 2021-01-25
    price $79,900 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

26. 2020-11-21
    status Active 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

27. 2020-11-17
    status Pending 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

28. 2020-11-14
    price $89,900 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

29. 2020-08-19
    listed $94,900 Active 679-char remark

    Show marketing remark (679 chars)

    This home is a great winter retreat or permanent residence. Turnkey furnished with 2 bedrooms and 1 bath is located in Holiday Travel Park close to shopping and gulf beaches. The kitchen has new range and refrigerator, never use, new roof July 2020. Holiday Travel Park is a gated community with many amenities such as swimming pool, laundry facilities, boat ramp a kayakers paradise, large club house with pool tables, dances, pickle ball courts and many more social events and activities. The low monthly fee of $100.00 includes water, sewer, ground maintenance, on site manager, trash collection and boat or trailer storage. Move in and start enjoying the Florida experience.

30. 1991-01-01
    soldstatus $35,000

ⓘ 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: $1,713 · $143/mo
• Projected year-2 tax: $1,713 · $143/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 7/10 Severe FEMA zone X (shaded) · 95% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $17,000
• − Mortgage interest: −$7,562
• − Property taxes: −$1,713
• − Insurance: −$1,472
• − Repairs & maintenance: −$1,360
• − Management: −$1,360
• − HOA: −$1,680
• − Depreciation: −$3,927
• Taxable loss: −$2,076
• Est. tax savings @ 24.0%: +$498
• After-tax cash flow: $566/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 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: Charlotte County · 196,994 people
• City population: 35,420
• Metro: Punta Gorda, FL
• Population (ZIP): 15,536
• Household income: $57,281
• Rent vs Own: 17.8% rent · 82.2% own
• Severe rent burden: 329.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 4%
• Foreign-born: 9% · Canada
• Languages at home: 92% English-only · Other Indo-European 2% Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.76%
• Current HPI: 325.0345
• Rent YoY: ▼ -0.11%
• Metro: Punta Gorda, 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

+285.7% since first listed

14 events — show timeline

• 2026-05-04 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-05 Rental Removed $2,000 Avail
• 2025-12-04 Listed for Rent $2,000 Avail
• 2025-10-19 Rental Removed $2,000 Avail
• 2025-09-18 Listed for Rent $2,000 Avail
• 2021-04-20 Sold (MLS) $74,500 Stellar MLS as Distributed by MLS Grid
• 2021-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-03-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-25 Price Changed $79,900 Stellar MLS as Distributed by MLS Grid
• 2020-11-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-11-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-11-14 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2020-08-19 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 1991-01-01 Sold (Public Records) $35,000 Public Records

Property tax history

+13.6%/yr

Latest (2025): $1,713 · -11.6% YoY. Source: county tax records.