Drayton Plan · Laurel, FL 34275

$159,900

3 bd · 2.0 ba · 1,250 sqft · Manufactured · 146 Days on market

Excellent condition ↓ 16% since listing

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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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Condition / age +4.8/5.0
• Livability +3.4/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

55+ age qualified community. Welcome to Lake Village a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. We have a stunning, brand new, beautiful 2026 3 bed, 2 bath home for sale featuring 1250.88 sq ft of beautifully designed living space. Located in/near Nokomis, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open-concept floor plan, vinyl floors, high ceilings, and plenty of natural light. The island kitchen boasts stainless steel appliances, and custom cabinetry, perfect for both everyday living and entertaining. The spacious master suite offers a peaceful retreat, complete with en-suite features like dual vanities, walk in shower, and a walk-in closet. Additional bedrooms provide versatility for guests, a home office, or a growing family. Outside you will enjoy a private backyard oasis, covered porch, and low-maintenance landscaping, ideal for entertaining or unwinding. Located in the desirable Lake Village, residents enjoy access to a range of premium amenities including a resort-style pool, fitness center, clubhouse, shuffleboard courts, and a community garden. Conveniently situated near shopping, dining, major highways, parks, and public transportation, you'll have everything you need just minutes away. Whether you're looking for relaxation or recreation, this community has it all. Call today to schedule a tour!

Key facts

• Custom cabinetry
• Master suite
• En-suite features

Tags

• OPEN-CONCEPT FLOOR PLAN
• ISLAND KITCHEN
• STAINLESS STEEL APPLIANCES
• CUSTOM CABINETRY
• MASTER SUITE
• EN-SUITE FEATURES

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $116 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#529 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; Watch: schools D+, cost of living 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 falling (-4.0%/yr); 751 active listings in the ZIP; solid renter incomes; 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 $1k of loan paydown is wiped out by about $5k 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 146 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.30% ✓
• Cap rate: 10.37%
• Cash-on-cash: 14.55%
• DSCR: 1.65
• GRM: 6.4

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: -15.9%
• Equity multiple: 0.46×
• Total profit: $-24,330
• Equity at exit: $23,842

10-year hold

• IRR: -16.9%
• Equity multiple: 0.24×
• Total profit: $-34,088
• Equity at exit: $13,825

Cash invested: $44,772 (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 34275

• Rents YoY: -4.0%
• Active inventory: 751
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,086 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $116

Break-even live

Break-even rent $1,939

Max offer price $159,900

Occupancy floor 89%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $159,900 Active 146 DOM
2. 2026-06-17
   days on market $159,900 Active 145 DOM
3. 2026-06-15
   days on market $159,900 Active 143 DOM
4. 2026-06-13
   days on market $159,900 Active 141 DOM
5. 2026-06-13
   days on market $159,900 Active 140 DOM
6. 2026-06-10
   days on market $159,900 Active 138 DOM
7. 2026-06-09
   days on market $159,900 Active 137 DOM
8. 2026-06-08
   days on market $159,900 Active 135 DOM
9. 2026-06-05
   days on market $159,900 Active 132 DOM
10. 2026-06-03
    pricedays on market $159,900 Active 131 DOM
11. 2026-06-02
    days on market $162,800 Active 130 DOM
12. 2026-06-01
    days on market $162,800 Active 129 DOM
13. 2026-05-31
    days on market $162,800 Active 128 DOM
14. 2026-05-06
    price $162,800 1442-char remark

    Show marketing remark (1442 chars)

    55+ age qualified community. Welcome to Lake Village a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. We have a stunning, brand new, beautiful 2026 3 bed, 2 bath home for sale featuring 1250.88 sq ft of beautifully designed living space. Located in/near Nokomis, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open-concept floor plan, vinyl floors, high ceilings, and plenty of natural light. The island kitchen boasts stainless steel appliances, and custom cabinetry, perfect for both everyday living and entertaining. The spacious master suite offers a peaceful retreat, complete with en-suite features like dual vanities, walk in shower, and a walk-in closet. Additional bedrooms provide versatility for guests, a home office, or a growing family. Outside you will enjoy a private backyard oasis, covered porch, and low-maintenance landscaping, ideal for entertaining or unwinding. Located in the desirable Lake Village, residents enjoy access to a range of premium amenities including a resort-style pool, fitness center, clubhouse, shuffleboard courts, and a community garden. Conveniently situated near shopping, dining, major highways, parks, and public transportation, you'll have everything you need just minutes away. Whether you're looking for relaxation or recreation, this community has it all. Call today to schedule a tour!

15. 2026-04-17
    price $162,900 1442-char remark

    Show marketing remark (1442 chars)

    55+ age qualified community. Welcome to Lake Village a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. We have a stunning, brand new, beautiful 2026 3 bed, 2 bath home for sale featuring 1250.88 sq ft of beautifully designed living space. Located in/near Nokomis, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open-concept floor plan, vinyl floors, high ceilings, and plenty of natural light. The island kitchen boasts stainless steel appliances, and custom cabinetry, perfect for both everyday living and entertaining. The spacious master suite offers a peaceful retreat, complete with en-suite features like dual vanities, walk in shower, and a walk-in closet. Additional bedrooms provide versatility for guests, a home office, or a growing family. Outside you will enjoy a private backyard oasis, covered porch, and low-maintenance landscaping, ideal for entertaining or unwinding. Located in the desirable Lake Village, residents enjoy access to a range of premium amenities including a resort-style pool, fitness center, clubhouse, shuffleboard courts, and a community garden. Conveniently situated near shopping, dining, major highways, parks, and public transportation, you'll have everything you need just minutes away. Whether you're looking for relaxation or recreation, this community has it all. Call today to schedule a tour!

16. 2026-01-24
    listed $193,000 Active 1442-char remark

    Show marketing remark (1442 chars)

    55+ age qualified community. Welcome to Lake Village a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. We have a stunning, brand new, beautiful 2026 3 bed, 2 bath home for sale featuring 1250.88 sq ft of beautifully designed living space. Located in/near Nokomis, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open-concept floor plan, vinyl floors, high ceilings, and plenty of natural light. The island kitchen boasts stainless steel appliances, and custom cabinetry, perfect for both everyday living and entertaining. The spacious master suite offers a peaceful retreat, complete with en-suite features like dual vanities, walk in shower, and a walk-in closet. Additional bedrooms provide versatility for guests, a home office, or a growing family. Outside you will enjoy a private backyard oasis, covered porch, and low-maintenance landscaping, ideal for entertaining or unwinding. Located in the desirable Lake Village, residents enjoy access to a range of premium amenities including a resort-style pool, fitness center, clubhouse, shuffleboard courts, and a community garden. Conveniently situated near shopping, dining, major highways, parks, and public transportation, you'll have everything you need just minutes away. Whether you're looking for relaxation or recreation, this community has it all. Call today to schedule a tour!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 76% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $25,029
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$5,918
• − Repairs & maintenance: −$2,002
• − Management: −$2,002
• − Depreciation: −$4,652
• Taxable loss: −$900
• Est. tax savings @ 24.0%: +$216
• After-tax cash flow: $1,610/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 · 1 photo

Excellent 95/100 None rehab

This 2026 manufactured home in a 55+ age-qualified community is in excellent condition with no visible repairs needed. It offers a good ROI with updates like painting and landscaping to further enhance its value.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping — Enhances curb appeal and can attract more potential buyers
• Both Lighting — Improved lighting can make the home more inviting and safer

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping — Enhances curb appeal and can attract more potential buyers ↑
• Both Lighting — Improved lighting can make the home more inviting and safer ↑

ⓘ 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 — Laurel

• Score: 68/100
• State rank: #529
• US rank: #9888

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurel, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,436
• Household income: $89,369
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 338.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 4% Asian 3% Black 1%
• Common ancestry: Lithuanian 6% Romanian 4% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 89% English-only · Spanish 3% Russian/Polish/Slavic 2% 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: ▼ -329.70%
• Current HPI: 268.9918
• Rent YoY: ▼ -3.97%
• 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

-15.6% since first listed

3 events — show timeline

• 2026-05-06 Price Changed $162,800 Zillow
• 2026-04-17 Price Changed $162,900 Zillow
• 2026-01-24 Listed $193,000 Zillow