1500 Rossanne Pl · Englewood, FL 34223

$199,000

2 bd · 2.5 ba · 1,615 sqft · SingleFamily public records · 8 Days on market

Built 1973 9,888 sqft lot Est $302k · 34% under

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.4/10.0
• Rent growth +4.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCTION! Convenient to town, beaches and schools this home, situated on a large corner lot, has a family room, spacious living room, two bedrooms, 2 bathrooms and an extra room which could be used for a hobby room, TV room or extra bedroom space. The property has an extended garage, large covered patio with an attached shed and workshop. The roof was replaced in August 2015 with new shingle. The property is currently used as a rental and the current renters have indicated they would like to continue if agreeable to the new buyer.

Key facts

• Flexible floor plan
• Gulf beaches
• 9,888 sq ft lot

Tags

• GULF BEACHES
• FLEXIBLE FLOOR PLAN

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Zoning: RSF2; Building area total listed (public records): 2,878 sq ft; Living area listed (public records): 1,615 sq ft
• Financial info: Lease restrictions apply
• HOA & community: No association noted

Exterior

• Parking: Attached garage (1 space) — approximately 15 x 25
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One-story; Home faces south; Homestead status
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Total acreage: less than 1/4 acre (about 0.23 acres)
• Exterior features: Asphalt road access; Lot dimensions approximately 94 x 106

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Skylight(s)
• Laundry & utility: Washer hookup inside; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $798 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Cap rate 13.7% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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 rising fast (+9.0%/yr); 717 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• At $3,140/mo this rent would consume 50% of the median local household income ($76k/yr) (locally 290% 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 $1k of loan paydown is wiped out by about $6k 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 $56k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $125k; list at $199k implies a 59% gain — meaningful room to come down on a strong offer.

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 $199,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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. 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.
6. 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.
7. 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: 1.58% ✓
• Cap rate: 13.67%
• Cash-on-cash: 26.36%
• DSCR: 2.17
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $302,005
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1220 Greaza St	0.42mi	2/2.0	1,527 (-5%)	17mo	$285,500	$187	56
1760 Edith Ave	0.45mi	3/2.0 (+1)	1,754 (+9%)	6mo	$285,000	$162	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 14.8%
• Equity multiple: 1.64×
• Total profit: $35,388
• Equity at exit: $29,672

10-year hold

• IRR: 27.4%
• Equity multiple: 4.10×
• Total profit: $172,724
• Equity at exit: $17,206

Cash invested: $55,720 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 717
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $3,140 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$130 /mo · $1,561/yr
• Insurance: −$83
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$659
• Net cashflow: $798

Break-even live

Break-even rent $2,131

Max offer price $199,000

Occupancy floor 70%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 S Maryknoll Rd Englewood, FL	2.0	2.0	1063	$2,600	$2.45	20d	1	0.45mi
1575 Loralin Dr Englewood, FL	3.0	2.0	1322	$5,000	$3.78	20d	1	0.50mi
1501 Helene Ave Englewood, FL	3.0	2.0	1608	$3,200	$1.99	13d	1	0.56mi
1401 S McCall Rd Unit 301A Englewood, FL	2.0	2.0	1093	$3,300	$3.02	20d	1	0.60mi
858 E 7th St Englewood, FL	3.0	2.0	1244	$1,995	$1.60	20d	1	0.60mi
1120 Lampp Dr Englewood, FL	3.0	2.0	1212	$4,000	$3.30	20d	1	0.84mi
1531 Placida Rd #204 Englewood, FL	2.0	2.0	1056	$3,500	$3.31	20d	1	0.93mi
1531 Placida Rd #203 Englewood, FL	2.0	2.0	1056	$3,900	$3.69	20d	1	0.94mi
1375 Beach Rd #311 Englewood, FL	3.0	2.0	1686	$4,950	$2.94	20d	1	1.01mi
1081 Humboldt St Englewood, FL	3.0	2.0	1838	$2,400	$1.31	20d	1	1.21mi

Listing history 13 events

1. 2026-05-15
   status Pending
2. 2026-05-07
   listed $199,000 Active
3. 2018-03-23
   soldstatus $125,000
4. 2018-03-22
   soldstatus $125,000 Sold 543-char remark

   Show marketing remark (543 chars)

   PRICE REDUCTION! Convenient to town, beaches and schools this home, situated on a large corner lot, has a family room, spacious living room, two bedrooms, 2 bathrooms and an extra room which could be used for a hobby room, TV room or extra bedroom space. The property has an extended garage, large covered patio with an attached shed and workshop. The roof was replaced in August 2015 with new shingle. The property is currently used as a rental and the current renters have indicated they would like to continue if agreeable to the new buyer.

5. 2018-02-20
   status Pending 543-char remark

   Show marketing remark (543 chars)

   PRICE REDUCTION! Convenient to town, beaches and schools this home, situated on a large corner lot, has a family room, spacious living room, two bedrooms, 2 bathrooms and an extra room which could be used for a hobby room, TV room or extra bedroom space. The property has an extended garage, large covered patio with an attached shed and workshop. The roof was replaced in August 2015 with new shingle. The property is currently used as a rental and the current renters have indicated they would like to continue if agreeable to the new buyer.

6. 2018-01-31
   price $148,500 543-char remark

   Show marketing remark (543 chars)

   PRICE REDUCTION! Convenient to town, beaches and schools this home, situated on a large corner lot, has a family room, spacious living room, two bedrooms, 2 bathrooms and an extra room which could be used for a hobby room, TV room or extra bedroom space. The property has an extended garage, large covered patio with an attached shed and workshop. The roof was replaced in August 2015 with new shingle. The property is currently used as a rental and the current renters have indicated they would like to continue if agreeable to the new buyer.

7. 2017-11-17
   listed $158,500 Active 543-char remark

   Show marketing remark (543 chars)

   PRICE REDUCTION! Convenient to town, beaches and schools this home, situated on a large corner lot, has a family room, spacious living room, two bedrooms, 2 bathrooms and an extra room which could be used for a hobby room, TV room or extra bedroom space. The property has an extended garage, large covered patio with an attached shed and workshop. The roof was replaced in August 2015 with new shingle. The property is currently used as a rental and the current renters have indicated they would like to continue if agreeable to the new buyer.

8. 2014-09-26
   soldstatus $113,000
9. 2014-09-14
   soldstatus $113,000 Sold 386-char remark

   Show marketing remark (386 chars)

   What a great family home, convenient to town, beaches and schools. There is a family room, garage + carport, 17x18' open patio & 17x24' covered patio, attached shed and workshop. Nice neighborhood. Central vac. Relax & enjoy! The extra room has been used as a hobby room, but could be TV room, small bedroom, etc. Spacious living & family rooms. Well equipped kitchen.

10. 2014-07-25
    status Pending 386-char remark

    Show marketing remark (386 chars)

    What a great family home, convenient to town, beaches and schools. There is a family room, garage + carport, 17x18' open patio & 17x24' covered patio, attached shed and workshop. Nice neighborhood. Central vac. Relax & enjoy! The extra room has been used as a hobby room, but could be TV room, small bedroom, etc. Spacious living & family rooms. Well equipped kitchen.

11. 2014-06-14
    status Active 386-char remark

    Show marketing remark (386 chars)

    What a great family home, convenient to town, beaches and schools. There is a family room, garage + carport, 17x18' open patio & 17x24' covered patio, attached shed and workshop. Nice neighborhood. Central vac. Relax & enjoy! The extra room has been used as a hobby room, but could be TV room, small bedroom, etc. Spacious living & family rooms. Well equipped kitchen.

12. 2014-06-10
    historical 386-char remark

    Show marketing remark (386 chars)

    What a great family home, convenient to town, beaches and schools. There is a family room, garage + carport, 17x18' open patio & 17x24' covered patio, attached shed and workshop. Nice neighborhood. Central vac. Relax & enjoy! The extra room has been used as a hobby room, but could be TV room, small bedroom, etc. Spacious living & family rooms. Well equipped kitchen.

13. 2014-04-30
    listed $125,000 Active 386-char remark

    Show marketing remark (386 chars)

    What a great family home, convenient to town, beaches and schools. There is a family room, garage + carport, 17x18' open patio & 17x24' covered patio, attached shed and workshop. Nice neighborhood. Central vac. Relax & enjoy! The extra room has been used as a hobby room, but could be TV room, small bedroom, etc. Spacious living & family rooms. Well equipped kitchen.

ⓘ 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: $1,561 · $130/mo
• Projected year-2 tax: $1,652 · $138/mo
• Expected delta: +$91/yr (+$8/mo · 5.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,683
• − Mortgage interest: −$11,147
• − Property taxes: −$1,561
• − Insurance: −$6,114
• − Repairs & maintenance: −$3,015
• − Management: −$3,015
• − Depreciation: −$5,789
• Taxable income: $7,043
• Est. tax owed @ 24.0%: −$1,690
• After-tax cash flow: $7,881/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% Other Indo-European 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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+59.2% since first listed

13 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-23 Sold (Public Records) $125,000 Public Records
• 2018-03-22 Sold (MLS) $125,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-01-31 Price Changed $148,500 Stellar MLS as Distributed by MLS Grid
• 2017-11-17 Listed $158,500 Stellar MLS as Distributed by MLS Grid
• 2014-09-26 Sold (Public Records) $113,000 Public Records
• 2014-09-14 Sold (MLS) $113,000 Stellar MLS as Distributed by MLS Grid
• 2014-07-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-04-30 Listed $125,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.3%/yr

Latest (2025): $1,561 · +4.1% YoY. Source: county tax records.