7959 Hyde Park Ave · North Port, FL 34287

$224,000

3 bd · 2.0 ba · 1,251 sqft · SingleFamily public records · 243 Days on market

Built 1958 7,500 sqft lot $179/sqft · 33% below area Est $332k · 33% under

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Why this score? — see what drove the C+ 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 +23.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• Schools +5.4/10.0
• 1% rule +5.0/10.0
• 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

Under contract-accepting backup offers. Welcome to this charming North Port 3 bed 2 bath (possible in-law suite) home offering comfort, convenience, and plenty of Florida appeal. This well-maintained residence features a bright and open floor plan with spacious living areas, perfect for both everyday living and entertaining. The kitchen is designed with functionality in mind, offering ample cabinetry and counter space, while the adjoining dining and living areas flow seamlessly together. Enjoy a split-bedroom layout for added privacy, with a generously sized primary suite and comfortable guest rooms. Step outside to the backyard where you'll find plenty of room to relax, garden, or create your own outdoor oasis. Located in a quiet neighborhood with no HOA or deed restrictions, this home offers easy access to shopping, dining, parks, golf courses, and the beautiful Gulf beaches. Whether you're a first-time homebuyer, seasonal resident, or investor, this property is a fantastic opportunity to enjoy the Florida lifestyle.

Key facts

• Split-bedroom layout
• Ample cabinetry
• Counter space

Tags

• BRIGHT AND OPEN FLOOR PLAN
• SPACIOUS LIVING AREAS
• AMPLE CABINETRY
• COUNTER SPACE
• SPLIT-BEDROOM LAYOUT
• GENEROUSLY SIZED PRIMARY SUITE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $224k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (0.3% below list).
• Recommended offer: $197k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.8% 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.
• Zoned schools: Lamarque Elementary School (math 61% / reading 58%, grade B-, #690 of 2,144 statewide, top 34%, 1,073 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 65% FRL vs 42% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 857 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 42% of the median local income ($63k/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 $7k 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 ($197k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask is 11898% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $38k; list at $224k implies a 489% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,120 (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 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.00% ✗
• Cap rate: 8.48%
• Cash-on-cash: 7.82%
• DSCR: 1.35
• GRM: 8.4

CMA / ARV

• ARV (median comp): $332,210
• List price: $224,000
• Delta: -32.57%
• Verdict: UNDERPRICED
• Comps: 15 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-20,518
• Equity at exit: $33,399

10-year hold

• IRR: -3.6%
• Equity multiple: 0.79×
• Total profit: $-13,230
• Equity at exit: $19,367

Cash invested: $62,720 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 857
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,233 medium
• Mortgage (P&I): −$1,175
• Tax from tax record: −$87 /mo · $1,043/yr
• Insurance: −$93
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $343

Break-even live

Break-even rent $1,799

Max offer price $224,000

Occupancy floor 80%

Sensitivity live

Price	-10% $469	-5% $406	+0% $343	+5% $279	+10% $216
Rent	-10% $166	-5% $254	+0% $343	+5% $431	+10% $519
Rate	-1.0pp $455	-0.5pp $399	base $343	+0.5pp $284	+1.0pp $225

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: $56,000
• Closing costs: $6,720
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12395 Chancellor Blvd Port Charlotte, FL	2.0	1.0	1004	$1,600	$1.59	23d	1	0.80mi
15 Ramblewood St Port Charlotte, FL	4.0	3.0	1795	$2,200	$1.23	23d	1	0.82mi
170 Saluda Ter Port Charlotte, FL	3.0	2.0	1680	$3,100	$1.85	23d	1	1.18mi

Listing history 16 events

1. 2026-06-21
   days on market $224,000 Active 243 DOM
2. 2026-06-18
   days on market $224,000 Active 240 DOM
3. 2026-06-17
   days on market $224,000 Active 239 DOM
4. 2026-06-16
   days on market $224,000 Active 238 DOM
5. 2026-06-15
   days on market $224,000 Active 237 DOM
6. 2026-06-13
   days on market $224,000 Active 235 DOM
7. 2026-06-13
   days on market $224,000 Active 234 DOM
8. 2026-06-10
   days on market $224,000 Active 232 DOM
9. 2026-06-09
   statusdays on market $224,000 Active 231 DOM
10. 2026-05-19
    status Pending 1034-char remark

    Show marketing remark (1034 chars)

    Under contract-accepting backup offers. Welcome to this charming North Port 3 bed 2 bath (possible in-law suite) home offering comfort, convenience, and plenty of Florida appeal. This well-maintained residence features a bright and open floor plan with spacious living areas, perfect for both everyday living and entertaining. The kitchen is designed with functionality in mind, offering ample cabinetry and counter space, while the adjoining dining and living areas flow seamlessly together. Enjoy a split-bedroom layout for added privacy, with a generously sized primary suite and comfortable guest rooms. Step outside to the backyard where you'll find plenty of room to relax, garden, or create your own outdoor oasis. Located in a quiet neighborhood with no HOA or deed restrictions, this home offers easy access to shopping, dining, parks, golf courses, and the beautiful Gulf beaches. Whether you're a first-time homebuyer, seasonal resident, or investor, this property is a fantastic opportunity to enjoy the Florida lifestyle.

11. 2026-01-25
    historical $1,867
12. 2025-10-18
    listed $1,867
13. 2025-10-17
    status Active 1034-char remark

    Show marketing remark (1034 chars)

    Under contract-accepting backup offers. Welcome to this charming North Port 3 bed 2 bath (possible in-law suite) home offering comfort, convenience, and plenty of Florida appeal. This well-maintained residence features a bright and open floor plan with spacious living areas, perfect for both everyday living and entertaining. The kitchen is designed with functionality in mind, offering ample cabinetry and counter space, while the adjoining dining and living areas flow seamlessly together. Enjoy a split-bedroom layout for added privacy, with a generously sized primary suite and comfortable guest rooms. Step outside to the backyard where you'll find plenty of room to relax, garden, or create your own outdoor oasis. Located in a quiet neighborhood with no HOA or deed restrictions, this home offers easy access to shopping, dining, parks, golf courses, and the beautiful Gulf beaches. Whether you're a first-time homebuyer, seasonal resident, or investor, this property is a fantastic opportunity to enjoy the Florida lifestyle.

14. 2025-10-16
    price $224,000 1034-char remark

    Show marketing remark (1034 chars)

    Under contract-accepting backup offers. Welcome to this charming North Port 3 bed 2 bath (possible in-law suite) home offering comfort, convenience, and plenty of Florida appeal. This well-maintained residence features a bright and open floor plan with spacious living areas, perfect for both everyday living and entertaining. The kitchen is designed with functionality in mind, offering ample cabinetry and counter space, while the adjoining dining and living areas flow seamlessly together. Enjoy a split-bedroom layout for added privacy, with a generously sized primary suite and comfortable guest rooms. Step outside to the backyard where you'll find plenty of room to relax, garden, or create your own outdoor oasis. Located in a quiet neighborhood with no HOA or deed restrictions, this home offers easy access to shopping, dining, parks, golf courses, and the beautiful Gulf beaches. Whether you're a first-time homebuyer, seasonal resident, or investor, this property is a fantastic opportunity to enjoy the Florida lifestyle.

15. 2025-09-30
    listed $149,000 Active 1034-char remark

    Show marketing remark (1034 chars)

    Under contract-accepting backup offers. Welcome to this charming North Port 3 bed 2 bath (possible in-law suite) home offering comfort, convenience, and plenty of Florida appeal. This well-maintained residence features a bright and open floor plan with spacious living areas, perfect for both everyday living and entertaining. The kitchen is designed with functionality in mind, offering ample cabinetry and counter space, while the adjoining dining and living areas flow seamlessly together. Enjoy a split-bedroom layout for added privacy, with a generously sized primary suite and comfortable guest rooms. Step outside to the backyard where you'll find plenty of room to relax, garden, or create your own outdoor oasis. Located in a quiet neighborhood with no HOA or deed restrictions, this home offers easy access to shopping, dining, parks, golf courses, and the beautiful Gulf beaches. Whether you're a first-time homebuyer, seasonal resident, or investor, this property is a fantastic opportunity to enjoy the Florida lifestyle.

16. 1994-09-06
    soldstatus $38,000

ⓘ 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: $1,043 · $87/mo
• Projected year-2 tax: $1,859 · $155/mo
• Expected delta: +$817/yr (+$68/mo · 78.3%)

ⓘ 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) · 96% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $26,793
• − Mortgage interest: −$12,547
• − Property taxes: −$1,043
• − Insurance: −$1,918
• − Repairs & maintenance: −$2,143
• − Management: −$2,143
• − Depreciation: −$6,516
• Taxable income: $482
• Est. tax owed @ 24.0%: −$116
• After-tax cash flow: $3,995/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
• 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

-95.1% since first listed

7 events — show timeline

• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-25 Rental Removed $1,867 TURBOTENANT
• 2025-10-18 Listed for Rent $1,867 TURBOTENANT
• 2025-10-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Price Changed $224,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-30 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 1994-09-06 Sold (Public Records) $38,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,043 · +13.8% YoY. Source: county tax records.