464 Coronado Rd · South Venice, FL 34293

$189,000

2 bd · 2.0 ba · 1,004 sqft · SingleFamily public records · 5 Days on market

Built 1988 8,000 sqft lot

---

Why this score? — see what drove the C+ 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 +25.3/30.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Schools +5.4/10.0
• 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

Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

Key facts

• Laminate flooring
• Brand new roof
• Stainless appliances

Tags

• BRAND NEW ROOF
• SCREENED FRONT ENTRY
• CATHEDRAL CEILING
• LAMINATE FLOORING
• STAINLESS APPLIANCES
• PASS THRU WINDOW

Property features AI

Finance

• Other: Zoned RSF3; Public maintained paved road; Approximate lot dimensions 80x100 (about 0.18 acres)
• HOA & community: Pets allowed; No association approval required

Exterior

• Parking: Attached garage (1-car) with garage door opener; 12x21 garage dimensions; Driveway
• Utilities: Well water; Septic tank; BB/HS internet available; Cable available; Electricity connected
• Home design: Single family residence; One story; Faces southeast; Homestead property
• Construction: Stucco construction; Shingle roof; Slab foundation; Built with approximately 1,004 sq ft living area (1 story)
• Exterior features: Front porch; Rear patio; Screened porch; Patio; Sliding doors; Rain gutters; Private mailbox; Dog run; Chain link and wood fencing; Shed(s); Paved lot; Fruit trees and mature landscaping; Trees/landscaped

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Kitchen reverse osmosis system; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; High ceilings; Living room/dining room combo; Solid surface counters; Split bedroom plan; Walk-in closets; Blinds
• Laundry & utility: Inside laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).

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 Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL).
• Market conditions: Rents flat; 1247 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 $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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y 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 $139k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $189,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.10% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.70%
• DSCR: 1.43
• GRM: 7.6

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: -4.2%
• Equity multiple: 0.85×
• Total profit: $-8,112
• Equity at exit: $28,181

10-year hold

• IRR: 2.8%
• Equity multiple: 1.18×
• Total profit: $9,514
• Equity at exit: $16,341

Cash invested: $52,920 (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: 1247
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,073 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$140 /mo · $1,679/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $428

Break-even live

Break-even rent $1,531

Max offer price $189,000

Occupancy floor 74%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-31
   status $189,000 Pending 5 DOM
2. 2026-05-31
   days on market $189,000 Active 5 DOM
3. 2026-05-26
   listed $189,000 Active
4. 2016-03-28
   soldstatus $139,000
5. 2016-03-21
   soldstatus $139,000 Sold 758-char remark

   Show marketing remark (758 chars)

   Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

6. 2016-03-01
   status Pending 758-char remark

   Show marketing remark (758 chars)

   Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

7. 2016-01-15
   status Contingent - Financing 758-char remark

   Show marketing remark (758 chars)

   Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

8. 2016-01-07
   historical 758-char remark

   Show marketing remark (758 chars)

   Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

9. 2015-12-20
   listed $142,500 Active 758-char remark

   Show marketing remark (758 chars)

   Wonderful snowbird home or good starter home! Split bedroom plan with 2 baths. Beautiful bay window in kitchen to sit and enjoy hobbies! Master has walk-in closet, living room has cathedral ceiling. Garage has built-in shelves on entire wall. New A/C complete unit in 2015! Roof only 9 years old. New well pump and new water softener. Large screened lanai overlooks private backyard with 2 carambola, 1 pink seedless grapefruit, 1 orange tree and large live Oak! There is a separate patio, fencing for pets and fencing around perimeter for total pet security. Additional patio added to store another vehicle or trailer. You can join the South Venice Civic Assn and launch your boat, fish or take the private ferry over to a private beach! Very low cost.

10. 1997-10-03
    soldstatus $70,500

ⓘ 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: $1,679 · $140/mo
• Projected year-2 tax: $1,679 · $140/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 3/10 Moderate FEMA zone X (unshaded) · 12% 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: $24,871
• − Mortgage interest: −$10,587
• − Property taxes: −$1,679
• − Insurance: −$945
• − Repairs & maintenance: −$1,990
• − Management: −$1,990
• − Depreciation: −$5,498
• Taxable income: $2,183
• Est. tax owed @ 24.0%: −$524
• After-tax cash flow: $4,607/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

+168.1% since first listed

8 events — show timeline

• 2026-05-26 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-28 Sold (Public Records) $139,000 Public Records
• 2016-03-21 Sold (MLS) $139,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-01-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-01-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-12-20 Listed $142,500 Stellar MLS as Distributed by MLS Grid
• 1997-10-03 Sold (Public Records) $70,500 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,679 · +3.7% YoY. Source: county tax records.