340 Periwinkle Rd · South Venice, FL 34293

$240,000

2 bd · 2.0 ba · 826 sqft · SingleFamily public records · 141 Days on market

Built 1978 8,000 sqft lot

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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).

• Cash flow +13.6/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.1/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Close to everything Venice has to offer! This charming home could be an excellent income property or great first home. Or looking for your sunny Florida getaway home, this is the ideal start! This home has a NEW ELECTRICAL PANEL as well as a NEW ROOF that comes with a onetime transferable warranty to the new owners! Additional outside features include a screened in lanai, fenced in backyard, and extra concrete slab for additional parking. Not located in an HOA, however there is optional private access to the South Venice Beach Ferry and boat ramp through the South Venice Civic Association for a small annual fee. Location! Location! Location! From your new home, you are just minutes away from fabulous beaches, dining, shopping, nature preserves, trails, fishing, and so much more! Don’t wait, make your appointment today!

Key facts

• Beach bungalow
• Oversized driveway
• 8,000 sq ft lot

Tags

• BEACH BUNGALOW
• MULTIPLE NEARBY BEACHES
• OVERSIZED DRIVEWAY
• CERAMIC TILE THROUGHOUT
• DEDICATED INDOOR LAUNDRY ROOM

Property features AI

Finance

• Other: Property classified as residential (single family); Zoned RSF3
• HOA & community: No association

Exterior

• Parking: Attached 1-car garage (approx. 17 x 10)
• Utilities: Well water; Septic tank; Cable available; Electricity connected; Phone available
• Home design: Single-family residence; One story; South-facing
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built on 0.18-acre lot (approx. 80 x 100)
• Exterior features: Rear screened porch; Exterior lighting; Chain link fence; Cleared, level lot; Paved surfaces

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Water softener; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Window treatments; Lighting
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $14 ($163/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (15.1% below list).
• Recommended offer: $204k (15.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: amenities F, commute F, health & safety 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: Taylor Ranch Elementary School (math 68% / reading 66%, grade B+, #450 of 2,144 statewide, top 22%, 901 students, 39% FRL); Venice Middle School (math 71% / reading 58%, grade A-, #100 of 571 statewide, top 18%, 761 students, 37% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL).
• Market conditions: Rents flat; 1255 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 $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 141 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $203,746 (15.1% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 F-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. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.37×
• Total profit: $-42,640
• Equity at exit: $35,785

10-year hold

• IRR: -15.9%
• Equity multiple: 0.19×
• Total profit: $-54,107
• Equity at exit: $20,751

Cash invested: $67,200 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1255
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,037 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$237 /mo · $2,849/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $14

Break-even live

Break-even rent $2,020

Max offer price $240,000

Occupancy floor 94%

Sensitivity live

Price	-10% $149	-5% $82	+0% $14	+5% $-54	+10% $-122
Rent	-10% $-147	-5% $-67	+0% $14	+5% $94	+10% $175
Rate	-1.0pp $134	-0.5pp $75	base $14	+0.5pp $-49	+1.0pp $-112

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $240,000 Active 141 DOM
2. 2026-06-18
   days on market $240,000 Active 138 DOM
3. 2026-06-17
   days on market $240,000 Active 137 DOM
4. 2026-06-16
   days on market $240,000 Active 136 DOM
5. 2026-06-15
   days on market $240,000 Active 135 DOM
6. 2026-06-13
   days on market $240,000 Active 133 DOM
7. 2026-06-13
   days on market $240,000 Active 132 DOM
8. 2026-06-10
   days on market $240,000 Active 130 DOM
9. 2026-06-09
   days on market $240,000 Active 129 DOM
10. 2026-06-08
    days on market $240,000 Active 128 DOM
11. 2026-06-08
    days on market $240,000 Active 127 DOM
12. 2026-06-05
    days on market $240,000 Active 124 DOM
13. 2026-06-03
    days on market $240,000 Active 123 DOM
14. 2026-06-02
    days on market $240,000 Active 122 DOM
15. 2026-06-01
    days on market $240,000 Active 121 DOM
16. 2026-05-31
    days on market $240,000 Active 120 DOM
17. 2026-05-21
    status Pending
18. 2026-05-19
    status Active
19. 2026-05-08
    status Pending
20. 2026-01-15
    listed $240,000 Active
21. 2023-11-20
    soldstatus $263,000 Closed 841-char remark

    Show marketing remark (841 chars)

    Close to everything Venice has to offer! This charming home could be an excellent income property or great first home. Or looking for your sunny Florida getaway home, this is the ideal start! This home has a NEW ELECTRICAL PANEL as well as a NEW ROOF that comes with a onetime transferable warranty to the new owners! Additional outside features include a screened in lanai, fenced in backyard, and extra concrete slab for additional parking. Not located in an HOA, however there is optional private access to the South Venice Beach Ferry and boat ramp through the South Venice Civic Association for a small annual fee. Location! Location! Location! From your new home, you are just minutes away from fabulous beaches, dining, shopping, nature preserves, trails, fishing, and so much more! Don’t wait, make your appointment today!

22. 2023-11-20
    soldstatus $263,000

    Show marketing remark (841 chars)

    Close to everything Venice has to offer! This charming home could be an excellent income property or great first home. Or looking for your sunny Florida getaway home, this is the ideal start! This home has a NEW ELECTRICAL PANEL as well as a NEW ROOF that comes with a onetime transferable warranty to the new owners! Additional outside features include a screened in lanai, fenced in backyard, and extra concrete slab for additional parking. Not located in an HOA, however there is optional private access to the South Venice Beach Ferry and boat ramp through the South Venice Civic Association for a small annual fee. Location! Location! Location! From your new home, you are just minutes away from fabulous beaches, dining, shopping, nature preserves, trails, fishing, and so much more! Don’t wait, make your appointment today!

23. 2023-10-23
    status Pending 841-char remark

    Show marketing remark (841 chars)

    Close to everything Venice has to offer! This charming home could be an excellent income property or great first home. Or looking for your sunny Florida getaway home, this is the ideal start! This home has a NEW ELECTRICAL PANEL as well as a NEW ROOF that comes with a onetime transferable warranty to the new owners! Additional outside features include a screened in lanai, fenced in backyard, and extra concrete slab for additional parking. Not located in an HOA, however there is optional private access to the South Venice Beach Ferry and boat ramp through the South Venice Civic Association for a small annual fee. Location! Location! Location! From your new home, you are just minutes away from fabulous beaches, dining, shopping, nature preserves, trails, fishing, and so much more! Don’t wait, make your appointment today!

24. 2023-10-21
    listed $268,900 Active 841-char remark

    Show marketing remark (841 chars)

    Close to everything Venice has to offer! This charming home could be an excellent income property or great first home. Or looking for your sunny Florida getaway home, this is the ideal start! This home has a NEW ELECTRICAL PANEL as well as a NEW ROOF that comes with a onetime transferable warranty to the new owners! Additional outside features include a screened in lanai, fenced in backyard, and extra concrete slab for additional parking. Not located in an HOA, however there is optional private access to the South Venice Beach Ferry and boat ramp through the South Venice Civic Association for a small annual fee. Location! Location! Location! From your new home, you are just minutes away from fabulous beaches, dining, shopping, nature preserves, trails, fishing, and so much more! Don’t wait, make your appointment today!

25. 1990-04-25
    soldstatus $51,000

ⓘ 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: $2,849 · $237/mo
• Projected year-2 tax: $2,849 · $237/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 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,450
• − Mortgage interest: −$13,444
• − Property taxes: −$2,849
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,956
• − Management: −$1,956
• − Depreciation: −$6,982
• Taxable loss: −$3,937
• Est. tax savings @ 24.0%: +$945
• After-tax cash flow: $1,108/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 — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 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: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• 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

+370.6% since first listed

9 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Listed $240,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-20 Sold (Public Records) $263,000 Public Records
• 2023-11-20 Sold (MLS) $263,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-10-21 Listed $268,900 Stellar MLS as Distributed by MLS Grid
• 1990-04-25 Sold (Public Records) $51,000 Public Records

Property tax history

+8.8%/yr

Latest (2025): $2,849 · -3.0% YoY. Source: county tax records.