3155 Key Ln · Port Charlotte, FL 33952

$172,000

2 bd · 1.0 ba · 648 sqft · SingleFamily public records · 180 Days on market

Built 1959 7,499 sqft lot Est $141k · 22% over

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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 +18.9/30.0
• DSCR +5.9/10.0
• Schools +4.6/10.0
• 1% rule +3.9/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Cutest Bungalow on the Block! It may be the rainy season here in Sunny Southwest Florida but no worries. The newer (2012) overhead plumbing won't leave you singing in the rain but dancing in "your" 1959 reconditioned bungalow. A chain-linked fenced yard holding a patio for lounging and grilling with friends and family even if they have four legs. Plenty of room to grow a garden or store your RV, boat, or even a pool. With a short drive, you are at any one of the numerous amazing golf courses, medical facilities, restaurants, and shopping. This charming bungalow won't last long so schedule your viewing today.

Key facts

• Bonus back room
• Galley style kitchen
• New roof

Tags

• GALLEY STYLE KITCHEN
• BONUS BACK ROOM
• EXTRA ATTIC INSULATION
• NEW ROOF
• BEAUTIFUL LANDSCAPING
• NEWLY ADDED SCREENED PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $109 ($1k/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 $154k (10.7% below list).
• Recommended offer: $151k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 4.2% in Port Charlotte — 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 65/100 on livability (#655 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Peace River Elementary School (math 56% / reading 54%, grade C, #872 of 2,144 statewide, top 42%, 581 students, 64% FRL); Port Charlotte Middle School (math 59% / reading 50%, grade B-, #183 of 571 statewide, top 34%, 877 students, 55% FRL); Charlotte High School (math 44% / reading 46%, grade D-, #228 of 667 statewide, top 35%, 1,994 students, 41% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents soft (-1.4%/yr); 712 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• This rent runs 30% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($151k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago; this cycle's ask has dropped $27k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $145k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $151,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.37%
• DSCR: 1.19
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $141,264
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3461 Lucerne Ter	0.30mi	2/1.0	648 (0%)	3mo	$125,000	$193	83
21432 Mallory Ave	0.21mi	2/1.0	645 (-0%)	22mo	$147,000	$228	71
21431 Holdern Ave	0.17mi	2/1.0	625 (-4%)	23mo	$65,000	$104	66
21552 Holdern Ave	0.11mi	2/1.0	735 (+13%)	10mo	$160,000	$218	64
115 Martin Dr NE	0.55mi	3/1.0 (+1)	675 (+4%)	21mo	$125,000	$185	44
3287 Great Neck St	0.64mi	2/1.0	704 (+9%)	16mo	$192,000	$273	42

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.47×
• Total profit: $-25,454
• Equity at exit: $25,646

10-year hold

• IRR: -12.4%
• Equity multiple: 0.36×
• Total profit: $-30,727
• Equity at exit: $14,871

Cash invested: $48,160 (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 33952

• Home prices YoY: -4.8%
• Rents YoY: -1.4%
• Active inventory: 712
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,535 high
• Mortgage (P&I): −$902
• Tax from tax record: −$64 /mo · $765/yr
• Insurance: −$72
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $109

Break-even live

Break-even rent $1,397

Max offer price $172,000

Occupancy floor 88%

Sensitivity live

Price	-10% $206	-5% $158	+0% $109	+5% $60	+10% $12
Rent	-10% $-12	-5% $48	+0% $109	+5% $170	+10% $230
Rate	-1.0pp $196	-0.5pp $153	base $109	+0.5pp $64	+1.0pp $19

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21405 Olean Blvd Port Charlotte, FL	1.0–2.0	1.0–2.0	708	$1,445	$2.04	23d	2	0.36mi
21405 Olean Blvd #511 Port Charlotte, FL	1.0	1.0	634	$1,445	$2.28	15d	1	0.36mi
3460 Normandy Dr Port Charlotte, FL	2.0	1.0	695	$1,490	$2.14	23d	1	0.40mi
21280 Brinson Ave Port Charlotte, FL	1.0	1.0	650	$1,000	$1.54	23d	1	0.68mi
3006 Caring Way Port Charlotte, FL	1.0–2.0	1.0–2.0	708	$2,500	$3.53	23d	3	0.73mi
164 Tradewinds Dr NW Port Charlotte, FL	2.0	1.0	750	$1,350	$1.80	23d	1	0.88mi
21150 Gertrude Ave Unit F-6 Port Charlotte, FL	1.0	1.0	550	$1,150	$2.09	23d	1	0.90mi

Listing history 21 events

1. 2026-04-23
   status Pending
2. 2026-04-12
   status Active
3. 2026-03-30
   status Pending
4. 2026-03-15
   price $172,000
5. 2026-03-01
   price $177,000
6. 2025-12-12
   price $187,000
7. 2025-10-24
   price $194,000
8. 2025-10-12
   listed $199,000 Active
9. 2021-08-18
   soldstatus $145,000
10. 2021-08-06
    soldstatus $145,000 Closed 629-char remark

    Show marketing remark (629 chars)

    The Cutest Bungalow on the Block! It may be the rainy season here in Sunny Southwest Florida but no worries. The newer (2012) overhead plumbing won't leave you singing in the rain but dancing in "your" 1959 reconditioned bungalow. A chain-linked fenced yard holding a patio for lounging and grilling with friends and family even if they have four legs. Plenty of room to grow a garden or store your RV, boat, or even a pool. With a short drive, you are at any one of the numerous amazing golf courses, medical facilities, restaurants, and shopping. This charming bungalow won't last long so schedule your viewing today.

11. 2021-07-09
    status Pending 629-char remark

    Show marketing remark (629 chars)

    The Cutest Bungalow on the Block! It may be the rainy season here in Sunny Southwest Florida but no worries. The newer (2012) overhead plumbing won't leave you singing in the rain but dancing in "your" 1959 reconditioned bungalow. A chain-linked fenced yard holding a patio for lounging and grilling with friends and family even if they have four legs. Plenty of room to grow a garden or store your RV, boat, or even a pool. With a short drive, you are at any one of the numerous amazing golf courses, medical facilities, restaurants, and shopping. This charming bungalow won't last long so schedule your viewing today.

12. 2021-06-28
    listed $155,100 Active 629-char remark

    Show marketing remark (629 chars)

    The Cutest Bungalow on the Block! It may be the rainy season here in Sunny Southwest Florida but no worries. The newer (2012) overhead plumbing won't leave you singing in the rain but dancing in "your" 1959 reconditioned bungalow. A chain-linked fenced yard holding a patio for lounging and grilling with friends and family even if they have four legs. Plenty of room to grow a garden or store your RV, boat, or even a pool. With a short drive, you are at any one of the numerous amazing golf courses, medical facilities, restaurants, and shopping. This charming bungalow won't last long so schedule your viewing today.

13. 2021-06-16
    soldstatus $126,100
14. 2021-06-15
    soldstatus $126,100 Closed 910-char remark

    Show marketing remark (910 chars)

    Seller requests house to be on the market with all offers to be in on May 31st by 12 Noon. Offers will be presented on June 1st This is adorable bungalow has been redone and although the year built is 1959, the year cond is 1992. Everything from the drywall, to the plumbing has been redone! The plumbing is now overhead. This 2 bedroom 1 bath house is perfect for an investor, snowbird, anyone looking for a second home as a little get away, to enjoy the Florida sun for the winter months. It's located in central Port Charlotte off of Olean Blvd with a short drive to medical, golf, shopping and restaurants! There's a shed on the property for additional storage, a carport and a fenced yard if you have pets. There's a concrete lanai to enjoy BBQ's along with a fire pit in the backyard. This house is READY for it's new owner and can close quickly! Make an appointment to see this one before it's gone!

15. 2021-06-02
    status Pending 910-char remark

    Show marketing remark (910 chars)

    Seller requests house to be on the market with all offers to be in on May 31st by 12 Noon. Offers will be presented on June 1st This is adorable bungalow has been redone and although the year built is 1959, the year cond is 1992. Everything from the drywall, to the plumbing has been redone! The plumbing is now overhead. This 2 bedroom 1 bath house is perfect for an investor, snowbird, anyone looking for a second home as a little get away, to enjoy the Florida sun for the winter months. It's located in central Port Charlotte off of Olean Blvd with a short drive to medical, golf, shopping and restaurants! There's a shed on the property for additional storage, a carport and a fenced yard if you have pets. There's a concrete lanai to enjoy BBQ's along with a fire pit in the backyard. This house is READY for it's new owner and can close quickly! Make an appointment to see this one before it's gone!

16. 2021-05-26
    status Active 910-char remark

    Show marketing remark (910 chars)

    Seller requests house to be on the market with all offers to be in on May 31st by 12 Noon. Offers will be presented on June 1st This is adorable bungalow has been redone and although the year built is 1959, the year cond is 1992. Everything from the drywall, to the plumbing has been redone! The plumbing is now overhead. This 2 bedroom 1 bath house is perfect for an investor, snowbird, anyone looking for a second home as a little get away, to enjoy the Florida sun for the winter months. It's located in central Port Charlotte off of Olean Blvd with a short drive to medical, golf, shopping and restaurants! There's a shed on the property for additional storage, a carport and a fenced yard if you have pets. There's a concrete lanai to enjoy BBQ's along with a fire pit in the backyard. This house is READY for it's new owner and can close quickly! Make an appointment to see this one before it's gone!

17. 2021-05-18
    status Pending 910-char remark

    Show marketing remark (910 chars)

    Seller requests house to be on the market with all offers to be in on May 31st by 12 Noon. Offers will be presented on June 1st This is adorable bungalow has been redone and although the year built is 1959, the year cond is 1992. Everything from the drywall, to the plumbing has been redone! The plumbing is now overhead. This 2 bedroom 1 bath house is perfect for an investor, snowbird, anyone looking for a second home as a little get away, to enjoy the Florida sun for the winter months. It's located in central Port Charlotte off of Olean Blvd with a short drive to medical, golf, shopping and restaurants! There's a shed on the property for additional storage, a carport and a fenced yard if you have pets. There's a concrete lanai to enjoy BBQ's along with a fire pit in the backyard. This house is READY for it's new owner and can close quickly! Make an appointment to see this one before it's gone!

18. 2021-05-06
    listed $119,000 Active 910-char remark

    Show marketing remark (910 chars)

    Seller requests house to be on the market with all offers to be in on May 31st by 12 Noon. Offers will be presented on June 1st This is adorable bungalow has been redone and although the year built is 1959, the year cond is 1992. Everything from the drywall, to the plumbing has been redone! The plumbing is now overhead. This 2 bedroom 1 bath house is perfect for an investor, snowbird, anyone looking for a second home as a little get away, to enjoy the Florida sun for the winter months. It's located in central Port Charlotte off of Olean Blvd with a short drive to medical, golf, shopping and restaurants! There's a shed on the property for additional storage, a carport and a fenced yard if you have pets. There's a concrete lanai to enjoy BBQ's along with a fire pit in the backyard. This house is READY for it's new owner and can close quickly! Make an appointment to see this one before it's gone!

19. 2012-01-04
    soldstatus $20,000
20. 2011-12-01
    listed $20,000
21. 1997-05-06
    soldstatus $28,000

ⓘ 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: $765 · $64/mo
• Projected year-2 tax: $1,428 · $119/mo
• Expected delta: +$663/yr (+$55/mo · 86.7%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 97% 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,424
• − Mortgage interest: −$9,635
• − Property taxes: −$765
• − Insurance: −$1,658
• − Repairs & maintenance: −$1,474
• − Management: −$1,474
• − Depreciation: −$5,004
• Taxable loss: −$1,585
• Est. tax savings @ 24.0%: +$380
• After-tax cash flow: $1,689/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Port Charlotte

• Score: 65/100
• State rank: #655
• US rank: #13081

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Charlotte, FL
• County: Charlotte County · 196,994 people
• City population: 102,180
• Metro: Punta Gorda, FL
• Population (ZIP): 35,231
• Household income: $61,382
• Rent vs Own: 20.8% rent · 79.2% own
• Severe rent burden: 733.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 8% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 10% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.18%
• Current HPI: 339.0932
• Rent YoY: ▼ -1.35%
• Metro: Punta Gorda, 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

+514.3% since first listed

21 events — show timeline

• 2026-04-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Price Changed $172,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Price Changed $177,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Price Changed $187,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Price Changed $194,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-12 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-18 Sold (Public Records) $145,000 Public Records
• 2021-08-06 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2021-07-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-06-28 Listed $155,100 Stellar MLS as Distributed by MLS Grid
• 2021-06-16 Sold (Public Records) $126,100 Public Records
• 2021-06-15 Sold (MLS) $126,100 Stellar MLS as Distributed by MLS Grid
• 2021-06-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-05-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-06 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2012-01-04 Sold (MLS) $20,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-01 Listed $20,000 Stellar MLS as Distributed by MLS Grid
• 1997-05-06 Sold (Public Records) $28,000 Public Records

Property tax history

-3.9%/yr

Latest (2025): $765 · +1.6% YoY. Source: county tax records.