9 Quails Run Blvd #12 · Englewood, FL 34223

$169,900

2 bd · 2.0 ba · 921 sqft · Condo public records · 102 Days on market

Built 1979 $184/sqft · 23% below area Est $220k · 23% under $600/mo HOA · 25% of rent

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Why this score? — see what drove the B- 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 +21.4/30.0
• ARV discount +15.0/15.0
• 1% rule +9.3/10.0
• DSCR +6.8/10.0
• 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

Welcome to easy Florida living in the highly desirable Quail Run Condominium, a charming 55+ community in Englewood known for its peaceful setting and convenient location. This second-floor 2 bedroom, 2 bathroom condo offers a comfortable layout designed for relaxed coastal living. Step inside to find tile flooring in the kitchen and dining area, while luxury vinyl plank flooring flows throughout the rest of the home, providing both durability and modern style. The kitchen features raised-panel cabinetry, Corian countertops, and ample storage, making it both functional and inviting for everyday living or entertaining. The primary suite offers a private retreat with an ensuite bathroom and walk-in shower, while the second bedroom and full bathroom provide comfortable space for guests or a home office. Residents of Quail Run enjoy a welcoming community atmosphere with amenities including a sparkling community pool, shuffleboard courts, and a community center—perfect for social gatherings and activities. Ideally located, this condo is just a short 5-minute drive to Historic Dearborn Street, home to the popular Englewood Farmers Market, boutique shopping, local restaurants, and community events. Englewood Beach, marinas, shopping, and dining are also just minutes away, offering endless opportunities to enjoy the Southwest Florida lifestyle. Whether you're searching for a seasonal getaway or full-time residence, this condo offers low-maintenance living in one of Englewood’s most convenient 55+ communities.

Key facts

• Corian countertops
• Tile flooring
• Ample storage

Tags

• QUAIL RUN CONDOMINIUM
• TILE FLOORING
• LUXURY VINYL PLANK FLOORING
• RAISED-PANEL CABINETRY
• CORIAN COUNTERTOPS
• AMPLE STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $170k.

Deal economics

• At list price, monthly cash flow is $-174 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (18.1% below list).
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $139k (18.1% below list) — sets the bar for cash-flow.
• Cap rate 8.1% 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); 720 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• This rent runs 38% of the median local income ($76k/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.
• 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 102 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $21k; list at $170k implies a 694% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 25% of rent.
• 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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,106 (18.1% 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 102 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.43% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.36%
• DSCR: 1.28
• GRM: 5.8

CMA / ARV

• ARV (median comp): $220,389
• List price: $169,900
• Delta: -22.91%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -13.6%
• Equity multiple: 0.47×
• Total profit: $-25,178
• Equity at exit: $25,333

10-year hold

• IRR: 5.1%
• Equity multiple: 1.52×
• Total profit: $24,723
• Equity at exit: $14,690

Cash invested: $47,572 (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: 720
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,432 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$107 /mo · $1,286/yr
• Insurance: −$71
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$600
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $-174

Break-even live

Break-even rent $2,653

Max offer price $139,106

Occupancy floor —

Sensitivity live

Price	-10% $-78	-5% $-126	+0% $-174	+5% $-222	+10% $-270
Rent	-10% $-366	-5% $-270	+0% $-174	+5% $-78	+10% $18
Rate	-1.0pp $-89	-0.5pp $-131	base $-174	+0.5pp $-218	+1.0pp $-263

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	22d	1	1.15mi
1401 S McCall Rd Unit 301A Englewood, FL	2.0	2.0	1093	$3,300	$3.02	22d	1	1.25mi
1435 New Point Comfort Rd Unit B Englewood, FL	1.0	1.0	744	$1,520	$2.04	22d	1	1.48mi

HOA detail condo

• Monthly dues: $600 · $7,200/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $169,900 Active 102 DOM
2. 2026-06-18
   days on market $169,900 Active 99 DOM
3. 2026-06-17
   days on market $169,900 Active 98 DOM
4. 2026-06-16
   days on market $169,900 Active 97 DOM
5. 2026-06-15
   days on market $169,900 Active 96 DOM
6. 2026-06-13
   days on market $169,900 Active 94 DOM
7. 2026-06-13
   days on market $169,900 Active 93 DOM
8. 2026-06-10
   days on market $169,900 Active 91 DOM
9. 2026-06-09
   days on market $169,900 Active 90 DOM
10. 2026-06-08
    days on market $169,900 Active 89 DOM
11. 2026-06-08
    days on market $169,900 Active 88 DOM
12. 2026-06-05
    days on market $169,900 Active 85 DOM
13. 2026-06-03
    days on market $169,900 Active 84 DOM
14. 2026-06-02
    days on market $169,900 Active 83 DOM
15. 2026-06-01
    days on market $169,900 Active 82 DOM
16. 2026-05-31
    days on market $169,900 Active 81 DOM
17. 2026-03-11
    listed $169,900 Active 1538-char remark

    Show marketing remark (1538 chars)

    Welcome to easy Florida living in the highly desirable Quail Run Condominium, a charming 55+ community in Englewood known for its peaceful setting and convenient location. This second-floor 2 bedroom, 2 bathroom condo offers a comfortable layout designed for relaxed coastal living. Step inside to find tile flooring in the kitchen and dining area, while luxury vinyl plank flooring flows throughout the rest of the home, providing both durability and modern style. The kitchen features raised-panel cabinetry, Corian countertops, and ample storage, making it both functional and inviting for everyday living or entertaining. The primary suite offers a private retreat with an ensuite bathroom and walk-in shower, while the second bedroom and full bathroom provide comfortable space for guests or a home office. Residents of Quail Run enjoy a welcoming community atmosphere with amenities including a sparkling community pool, shuffleboard courts, and a community center—perfect for social gatherings and activities. Ideally located, this condo is just a short 5-minute drive to Historic Dearborn Street, home to the popular Englewood Farmers Market, boutique shopping, local restaurants, and community events. Englewood Beach, marinas, shopping, and dining are also just minutes away, offering endless opportunities to enjoy the Southwest Florida lifestyle. Whether you're searching for a seasonal getaway or full-time residence, this condo offers low-maintenance living in one of Englewood’s most convenient 55+ communities.

18. 2014-03-10
    soldstatus $21,400
19. 2014-03-10
    soldstatus $21,400
20. 2014-03-10
    soldstatus $21,400
21. 1999-01-07
    soldstatus $62,000

ⓘ 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: $1,286 · $107/mo
• Projected year-2 tax: $1,410 · $118/mo
• Expected delta: +$124/yr (+$10/mo · 9.6%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 74% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $29,182
• − Mortgage interest: −$9,517
• − Property taxes: −$1,286
• − Insurance: −$5,968
• − Repairs & maintenance: −$2,335
• − Management: −$2,335
• − HOA: −$7,200
• − Depreciation: −$4,943
• Taxable loss: −$4,401
• Est. tax savings @ 24.0%: +$1,056
• After-tax cash flow: $-1,036/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

+174.0% since first listed

5 events — show timeline

• 2026-03-11 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2014-03-10 Sold (Public Records) $21,400 Public Records
• 2014-03-10 Sold (Public Records) $21,400 Public Records
• 2014-03-10 Sold (Public Records) $21,400 Public Records
• 1999-01-07 Sold (Public Records) $62,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,286 · +4.0% YoY. Source: county tax records.