8793 Daybreak St · Lake Sarasota, FL 34241

$245,000

2 bd · 2.5 ba · 1,238 sqft · SingleFamily public records · 70 Days on market

Built 2024 Excellent condition 1,006 sqft lot $174/mo HOA · 6% of rent ↓ 18% since listing

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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 +19.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• DSCR +6.2/10.0
• Schools +5.4/10.0
• Condition / age +4.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own this practically brand-new townhome in the highly sought after growing community of Skye Ranch. This 2024 built townhouse has been meticulously maintained and is being offered partially furnished. Furniture will include the solid wood dining table with six chairs, 4 barstools, and both bedroom sets (king size bed with memory foam mattress and two twin beds with memory foam mattresses). The first floor enjoys an open concept floor plan with a beautiful kitchen that features grey shaker style cabinets, sparkling quartz countertops, and a sleek stainless steel appliances package. Neutral tile runs throughout the entire main floor. The dining room easily accommodates a large gathering, and the living room is perfect for relaxing at the end of a long day. There is a slider that leads to a covered lanai with extra storage area. The owners had the lanai screened-in as an after-market upgrade. The first floor also has a half bathroom for convenience, as well as a proper storage pantry. On the second floor, all the builder grade carpet was removed, and a luxury vinyl plank was installed throughout, including on the stairs. The primary bedroom has a large walk-in closet and an en suite bathroom with dual sink vanity and upgraded rain shower head with wand in the walk-in shower. A convenient laundry closet can be found on the landing upstairs. There is a second light filled bedroom that also enjoys an en suite bathroom. The unit comes with two deeded parking spaces, and all exterior maintenance is included. NO FLOOD INSURANCE REQUIRED and LOW HOA FEES. The community pool is just a quick walk away. Skye Ranch enjoys a state-of-the-art school, beautiful parks, and tons of green space. Just minutes to all the shopping and conveniences that can be found on Clark Rd, this location also offers easy access to I-75 and is a short drive to the world-famous Siesta Key Beach. This townhome is perfect as a full-time residence, a part-time vacation home, or even a savvy investment. Set up a private showing today!

Key facts

• Luxury vinyl plank
• Screened-in lanai
• Covered lanai

Tags

• OPEN CONCEPT FLOOR PLAN
• SPARKLING QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• COVERED LANAI
• SCREENED-IN LANAI
• LUXURY VINYL PLANK

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $245k. Condition is rated excellent.

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 ($3k rent vs $245k).
• Recommended offer: $230k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#365 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D, 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 soft (-0.1%/yr); 564 active listings in the ZIP; high-income renter base; 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 $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 70 days — a 6% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $24k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $230,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 1.19% ✓
• Cap rate: 7.66%
• Cash-on-cash: 4.89%
• DSCR: 1.22
• GRM: 7.0

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: -12.6%
• Equity multiple: 0.56×
• Total profit: $-30,181
• Equity at exit: $36,530

10-year hold

• IRR: -10.0%
• Equity multiple: 0.49×
• Total profit: $-35,319
• Equity at exit: $21,183

Cash invested: $68,600 (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 34241

• Rents YoY: -0.1%
• Active inventory: 564
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,910 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$458 /mo · $5,499/yr
• Insurance: −$102
• HOA: −$174
• Vacancy / Maint / Mgmt: −$611
• Net cashflow: $280

Break-even live

Break-even rent $2,556

Max offer price $245,000

Occupancy floor 85%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $174 · $2,088/yr
• Likely covers: exterior maint.pool

Listing history 5 events

1. 2026-05-02
   price $245,000 2028-char remark

   Show marketing remark (2028 chars)

   Own this practically brand-new townhome in the highly sought after growing community of Skye Ranch. This 2024 built townhouse has been meticulously maintained and is being offered partially furnished. Furniture will include the solid wood dining table with six chairs, 4 barstools, and both bedroom sets (king size bed with memory foam mattress and two twin beds with memory foam mattresses). The first floor enjoys an open concept floor plan with a beautiful kitchen that features grey shaker style cabinets, sparkling quartz countertops, and a sleek stainless steel appliances package. Neutral tile runs throughout the entire main floor. The dining room easily accommodates a large gathering, and the living room is perfect for relaxing at the end of a long day. There is a slider that leads to a covered lanai with extra storage area. The owners had the lanai screened-in as an after-market upgrade. The first floor also has a half bathroom for convenience, as well as a proper storage pantry. On the second floor, all the builder grade carpet was removed, and a luxury vinyl plank was installed throughout, including on the stairs. The primary bedroom has a large walk-in closet and an en suite bathroom with dual sink vanity and upgraded rain shower head with wand in the walk-in shower. A convenient laundry closet can be found on the landing upstairs. There is a second light filled bedroom that also enjoys an en suite bathroom. The unit comes with two deeded parking spaces, and all exterior maintenance is included. NO FLOOD INSURANCE REQUIRED and LOW HOA FEES. The community pool is just a quick walk away. Skye Ranch enjoys a state-of-the-art school, beautiful parks, and tons of green space. Just minutes to all the shopping and conveniences that can be found on Clark Rd, this location also offers easy access to I-75 and is a short drive to the world-famous Siesta Key Beach. This townhome is perfect as a full-time residence, a part-time vacation home, or even a savvy investment. Set up a private showing today!

2. 2026-03-30
   price $259,000 2028-char remark

   Show marketing remark (2028 chars)

   Own this practically brand-new townhome in the highly sought after growing community of Skye Ranch. This 2024 built townhouse has been meticulously maintained and is being offered partially furnished. Furniture will include the solid wood dining table with six chairs, 4 barstools, and both bedroom sets (king size bed with memory foam mattress and two twin beds with memory foam mattresses). The first floor enjoys an open concept floor plan with a beautiful kitchen that features grey shaker style cabinets, sparkling quartz countertops, and a sleek stainless steel appliances package. Neutral tile runs throughout the entire main floor. The dining room easily accommodates a large gathering, and the living room is perfect for relaxing at the end of a long day. There is a slider that leads to a covered lanai with extra storage area. The owners had the lanai screened-in as an after-market upgrade. The first floor also has a half bathroom for convenience, as well as a proper storage pantry. On the second floor, all the builder grade carpet was removed, and a luxury vinyl plank was installed throughout, including on the stairs. The primary bedroom has a large walk-in closet and an en suite bathroom with dual sink vanity and upgraded rain shower head with wand in the walk-in shower. A convenient laundry closet can be found on the landing upstairs. There is a second light filled bedroom that also enjoys an en suite bathroom. The unit comes with two deeded parking spaces, and all exterior maintenance is included. NO FLOOD INSURANCE REQUIRED and LOW HOA FEES. The community pool is just a quick walk away. Skye Ranch enjoys a state-of-the-art school, beautiful parks, and tons of green space. Just minutes to all the shopping and conveniences that can be found on Clark Rd, this location also offers easy access to I-75 and is a short drive to the world-famous Siesta Key Beach. This townhome is perfect as a full-time residence, a part-time vacation home, or even a savvy investment. Set up a private showing today!

3. 2026-03-17
   listed $268,900 Active 2028-char remark

   Show marketing remark (2028 chars)

   Own this practically brand-new townhome in the highly sought after growing community of Skye Ranch. This 2024 built townhouse has been meticulously maintained and is being offered partially furnished. Furniture will include the solid wood dining table with six chairs, 4 barstools, and both bedroom sets (king size bed with memory foam mattress and two twin beds with memory foam mattresses). The first floor enjoys an open concept floor plan with a beautiful kitchen that features grey shaker style cabinets, sparkling quartz countertops, and a sleek stainless steel appliances package. Neutral tile runs throughout the entire main floor. The dining room easily accommodates a large gathering, and the living room is perfect for relaxing at the end of a long day. There is a slider that leads to a covered lanai with extra storage area. The owners had the lanai screened-in as an after-market upgrade. The first floor also has a half bathroom for convenience, as well as a proper storage pantry. On the second floor, all the builder grade carpet was removed, and a luxury vinyl plank was installed throughout, including on the stairs. The primary bedroom has a large walk-in closet and an en suite bathroom with dual sink vanity and upgraded rain shower head with wand in the walk-in shower. A convenient laundry closet can be found on the landing upstairs. There is a second light filled bedroom that also enjoys an en suite bathroom. The unit comes with two deeded parking spaces, and all exterior maintenance is included. NO FLOOD INSURANCE REQUIRED and LOW HOA FEES. The community pool is just a quick walk away. Skye Ranch enjoys a state-of-the-art school, beautiful parks, and tons of green space. Just minutes to all the shopping and conveniences that can be found on Clark Rd, this location also offers easy access to I-75 and is a short drive to the world-famous Siesta Key Beach. This townhome is perfect as a full-time residence, a part-time vacation home, or even a savvy investment. Set up a private showing today!

4. 2024-05-07
   soldstatus $297,900 603-char remark

   Show marketing remark (603 chars)

   Discover the charming Ivy townhome, offering 1,200 square feet of thoughtfully designed space with two bedrooms and 2.5 bathrooms. This home maximizes comfort with features like a well-appointed kitchen at the entrance, complete with a large storage pantry and a handy half bath. The layout flows effortlessly from the kitchen to the dining area and a spacious great room, which opens onto an inviting outdoor patio. Upstairs, the private primary suite serves as a peaceful retreat, while a second bedroom with a full bathroom and a convenient laundry area ensure comfort and convenience on every level.

5. 2024-05-07
   listed $297,900 603-char remark

   Show marketing remark (603 chars)

   Discover the charming Ivy townhome, offering 1,200 square feet of thoughtfully designed space with two bedrooms and 2.5 bathrooms. This home maximizes comfort with features like a well-appointed kitchen at the entrance, complete with a large storage pantry and a handy half bath. The layout flows effortlessly from the kitchen to the dining area and a spacious great room, which opens onto an inviting outdoor patio. Upstairs, the private primary suite serves as a peaceful retreat, while a second bedroom with a full bathroom and a convenient laundry area ensure comfort and convenience on every level.

ⓘ 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: $5,499 · $458/mo
• Projected year-2 tax: $5,499 · $458/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 29 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,916
• − Mortgage interest: −$13,724
• − Property taxes: −$5,499
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,793
• − Management: −$2,793
• − HOA: −$2,088
• − Depreciation: −$7,127
• Taxable loss: −$333
• Est. tax savings @ 24.0%: +$80
• After-tax cash flow: $3,434/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.

Condition & rehab AI · 6 photos

Excellent 95/100 None rehab

This nearly new townhome in Skye Ranch is in excellent condition with modern finishes and well-maintained landscaping. It offers a good return on investment with minimal updates needed.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value.
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value.
• Both Add smart home features — Improves convenience and can increase both resale and rental value.
• Both Install energy-efficient windows — Reduces energy costs and enhances curb appeal, increasing both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Add smart home features — Improves convenience and can increase both resale and rental value. ↑
• Both Install energy-efficient windows — Reduces energy costs and enhances curb appeal, increasing both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Lake Sarasota

• Score: 72/100
• State rank: #365
• US rank: #6453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 22,808
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 16,408
• Household income: $116,412
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 69.0

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 (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Asian 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 7% Slovak 3% Scandinavian 2%
• Foreign-born: 10% · Canada, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -363.72%
• Current HPI: 278.3404
• Rent YoY: ▬ -0.05%
• 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

-17.8% since first listed

5 events — show timeline

• 2026-05-02 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $259,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Listed $268,900 Stellar MLS as Distributed by MLS Grid
• 2024-05-07 Listed $297,900 Stellar MLS as Distributed by MLS Grid
• 2024-05-07 Sold (MLS) $297,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+37.1%/yr

Latest (2025): $5,499 · +90.9% YoY. Source: county tax records.