None · Kensington Park, FL 34235

$227,000

2 bd · 2.0 ba · 1,345 sqft · SingleFamily public records · 18 Days on market

Built 1958 9,219 sqft lot

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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 +24.0/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• 1% rule +5.1/10.0
• Rent growth +4.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Tools and a vision are needed for this investment opportunity. This former model classic house has mid century charm and great potential. Living room flows into large family room with wall of windows allowing natural light in. Don't miss the terrazzo floors adding to the character. Kensington Park is known for it's larger lots, has a neighborhood playground, near shopping' Ed Smith Stadium and minutes to beaches. Price reflects current condition of the home.

Key facts

• Large family room
• Wall of windows
• Terrazzo floors

Tags

• TERRAZZO FLOORS
• NEIGHBORHOOD PLAYGROUND
• LARGE FAMILY ROOM
• WALL OF WINDOWS

Property features AI

Finance

• Other: Property is not in a CDD; No lease restrictions listed
• HOA & community: Has HOA (Kensington Park) — association fee optional; Playground and street lights in community; Pets allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable available; Water source not listed
• Home design: Single family residence; Residential property; One story; Northeast facing; Fixer condition; Homestead exempt
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Building area reported as 1,863 total; living area reported as 1,345
• Exterior features: Hurricane shutters; Paved roads; Lot approximately 0.21 acres (about 856 sq meters)

Interior

• Kitchen: Built-in oven; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heat; Central air conditioning
• Interior features: Open floorplan; Formal dining area; Thermostat
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $227k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $227k).
• Recommended offer: $224k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#243 in FL, #3,836 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: schools C-, commute D+, amenities 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 rising fast (+9.7%/yr); 227 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 35% of the median local income ($79k/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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $64k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $55k; list at $227k implies a 313% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: 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; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,595 (1.5% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.01% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.39%
• DSCR: 1.37
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 1.4%
• Equity multiple: 1.06×
• Total profit: $3,570
• Equity at exit: $33,846

10-year hold

• IRR: 15.1%
• Equity multiple: 2.49×
• Total profit: $94,439
• Equity at exit: $19,627

Cash invested: $63,560 (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 34235

• Rents YoY: 9.7%
• Active inventory: 227
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,297 medium
• Mortgage (P&I): −$1,190
• Tax from tax record: −$85 /mo · $1,019/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $444

Break-even live

Break-even rent $1,734

Max offer price $227,000

Occupancy floor 76%

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: $56,750
• Closing costs: $6,810
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-13
   statusdays on market $227,000 Pending 18 DOM
2. 2026-06-10
   days on market $227,000 Active 17 DOM
3. 2026-06-09
   days on market $227,000 Active 16 DOM
4. 2026-06-08
   days on market $227,000 Active 15 DOM
5. 2026-06-08
   days on market $227,000 Active 14 DOM
6. 2026-06-05
   days on market $227,000 Active 11 DOM
7. 2026-06-03
   days on market $227,000 Active 10 DOM
8. 2026-06-02
   days on market $227,000 Active 9 DOM
9. 2026-06-01
   days on market $227,000 Active 8 DOM
10. 2026-05-31
    days on market $227,000 Active 7 DOM
11. 2026-05-24
    listed $227,000 Active
12. 1984-07-01
    soldstatus $55,000

ⓘ 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: $1,019 · $85/mo
• Projected year-2 tax: $1,884 · $157/mo
• Expected delta: +$866/yr (+$72/mo · 85.0%)

ⓘ 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 (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $27,559
• − Mortgage interest: −$12,716
• − Property taxes: −$1,019
• − Insurance: −$1,135
• − Repairs & maintenance: −$2,205
• − Management: −$2,205
• − Depreciation: −$6,604
• Taxable income: $1,677
• Est. tax owed @ 24.0%: −$402
• After-tax cash flow: $4,930/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 — Kensington Park

• Score: 75/100
• State rank: #243
• US rank: #3836

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kensington Park, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 15,146
• Household income: $78,958
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 512.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 22% Two or more races 18% Black 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 2% Cuban 4%
• Common ancestry: Romanian 5% Slovak 3% Scotch-Irish 2%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -307.37%
• Current HPI: 253.3964
• Rent YoY: ▲ 9.68%
• 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

+312.7% since first listed

2 events — show timeline

• 2026-05-24 Listed $227,000 Stellar MLS as Distributed by MLS Grid
• 1984-07-01 Sold (Public Records) $55,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $1,019 · +5.1% YoY. Source: county tax records.