4208 Wall Ln · North Port, FL 34287

$340,000

4 bd · 2.0 ba · 1,835 sqft · SingleFamily public records · 51 Days on market

Built 2023 10,000 sqft lot $185/sqft · 13% below area Est $389k · 13% under

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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).

• ARV discount +13.2/15.0
• Cash flow +8.1/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• 1% rule +2.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Step into this inviting 4 bedroom, 2 bathroom home with a spacious open concept layout. The kitchen includes stainless steel appliances and a large island, perfect for entertaining. The owner’s suite is complete with a walk-in closet and a private bathroom with dual sinks. Vinyl flooring runs throughout the home, complemented by ceiling fans in every bedroom. This home is truly move-in ready.

Key facts

• Dual sinks
• Walk-in closet
• Large island

Tags

• OPEN CONCEPT LAYOUT
• STAINLESS STEEL APPLIANCES
• LARGE ISLAND
• WALK-IN CLOSET
• PRIVATE BATHROOM
• DUAL SINKS

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence; Total living area approximately 1,833 (public records); Building area total approximately 2,447 (public records)
• HOA & community: No association (NA); Pets allowed

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Electricity available; Water available
• Home design: Single family residence; One story; Faces southwest
• Construction: Block and concrete construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot
• Exterior features: Canal water view; On waterfront; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floor plan
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $-331 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $282k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $257k (24.4% below list).
• Recommended offer: $257k (24.4% below list) — sets the bar for 1% rule.
• Cap rate 5.1% 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: Cranberry Elementary School (math 69% / reading 68%, grade B+, #409 of 2,144 statewide, top 20%, 785 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 64% FRL vs 42% district-wide (22 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 15d on market — plan ~3-4 weeks tenant-placement turnaround); 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• At $2,570/mo this rent would consume 49% of the median local household income ($63k/yr) (locally 522% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 51 days — a 3% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $30k; list at $340k implies a 1033% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $256,982 (24.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.76% ✗
• Cap rate: 5.12%
• Cash-on-cash: -4.17%
• DSCR: 0.81
• GRM: 11.0

CMA / ARV

• ARV (median comp): $389,104
• List price: $340,000
• Delta: -12.62%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -26.4%
• Equity multiple: 0.13×
• Total profit: $-83,026
• Equity at exit: $50,695

10-year hold

• IRR: -36.4%
• Equity multiple: -0.32×
• Total profit: $-126,045
• Equity at exit: $29,397

Cash invested: $95,200 (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: 11.0×

Monthly cashflow live

• Estimated rent: $2,570 medium
• Mortgage (P&I): −$1,783
• Tax from tax record: −$436 /mo · $5,238/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$540
• Net cashflow: $-331

Break-even live

Break-even rent $2,989

Max offer price $281,528

Occupancy floor —

Sensitivity live

Price	-10% $-139	-5% $-235	+0% $-331	+5% $-427	+10% $-523
Rent	-10% $-534	-5% $-433	+0% $-331	+5% $-229	+10% $-128
Rate	-1.0pp $-160	-0.5pp $-245	base $-331	+0.5pp $-419	+1.0pp $-509

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: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1450 Front Pl North Port, FL	1.0–3.0	1.0–2.5	1132	$2,635	$2.33	3d	15	1.18mi
3428 W Price Blvd North Port, FL	4.0	2.0	1858	$2,470	$1.33	16d	1	1.35mi
96 Westview Pl Port Charlotte, FL	1.0–3.0	1.0–2.0	1120	$2,303	$2.06	15d	38	1.43mi

Listing history 21 events

1. 2026-06-21
   days on market $340,000 Active 51 DOM
2. 2026-06-18
   days on market $340,000 Active 48 DOM
3. 2026-06-17
   days on market $340,000 Active 47 DOM
4. 2026-06-16
   days on market $340,000 Active 46 DOM
5. 2026-06-15
   days on market $340,000 Active 45 DOM
6. 2026-06-13
   days on market $340,000 Active 43 DOM
7. 2026-06-13
   pricedays on market $340,000 Active 42 DOM
8. 2026-06-10
   days on market $350,000 Active 40 DOM
9. 2026-06-09
   days on market $350,000 Active 39 DOM
10. 2026-06-08
    days on market $350,000 Active 38 DOM
11. 2026-06-08
    days on market $350,000 Active 37 DOM
12. 2026-06-05
    days on market $350,000 Active 34 DOM
13. 2026-06-03
    days on market $350,000 Active 33 DOM
14. 2026-06-02
    days on market $350,000 Active 32 DOM
15. 2026-06-01
    days on market $350,000 Active 31 DOM
16. 2026-05-31
    days on market $350,000 Active 30 DOM
17. 2026-05-01
    listed $350,000 Active 401-char remark
18. 2024-01-31
    historical $2,090
19. 2024-01-26
    price $2,090
20. 2024-01-16
    listed $2,245
21. 2022-06-01
    soldstatus $30,000

ⓘ 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: $5,238 · $436/mo
• Projected year-2 tax: $5,238 · $436/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 5 d/yr ≥108°F today · 20 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: $30,838
• − Mortgage interest: −$19,045
• − Property taxes: −$5,238
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,467
• − Management: −$2,467
• − Depreciation: −$9,891
• Taxable loss: −$9,970
• Est. tax savings @ 24.0%: +$2,393
• After-tax cash flow: $-1,579/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
• City population: 75,324
• 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

+1033.3% since first listed

6 events — show timeline

• 2026-06-10 Price Changed $340,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-31 Rental Removed $2,090 STELLARMLS
• 2024-01-26 Price Changed $2,090 STELLARMLS
• 2024-01-16 Listed for Rent $2,245 STELLARMLS
• 2022-06-01 Sold (Public Records) $30,000 Public Records

Property tax history

+25.9%/yr

Latest (2025): $5,238 · -4.5% YoY. Source: county tax records.