259 Inner Dr E · Venice, FL 34285

$109,900

2 bd · 1.0 ba · 684 sqft · Manufactured public records · 250 Days on market

Built 1966 3,727 sqft lot $195/mo HOA · 11% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this cozy and well-maintained 2-bedroom, 1-bathroom mobile home, ideally situated in the desirable Colonial Manors community in Venice, Florida. Whether you're looking for a peaceful seasonal retreat or a comfortable year-round home, this turn-key furnished property offers convenience, relaxation, and coastal living. Just minutes away from the beautiful sandy beaches of Venice, you can enjoy the sun, surf, and sunsets without the hassle of long commutes. The community’s peaceful atmosphere offers a perfect escape from the hustle and bustle, while still being close to all the amenities and attractions Venice has to offer. The home features a functional layout with space for relaxation. Both bedrooms are bright and airy, the open living area is perfect for lounging or entertaining, with easy access to the kitchen and dining space. Enjoy the Florida lifestyle with the convenience of local shops, restaurants, and entertainment, all just a short drive away. Whether you’re here to enjoy the seasonal warmth or plan to stay year-round, this home offers an affordable and low-maintenance living option in a prime location. Don't miss your chance to own a slice of paradise in Colonial Manors! Schedule a showing today and start living the beach life you’ve always dreamed of.

Key facts

• Prime location
• 3,727 sq ft lot
• Parking

Tags

• TURN-KEY FURNISHED PROPERTY
• LOW-MAINTENANCE LIVING
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $566 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#129 in FL, #1,925 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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 (+8.8%/yr); 462 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 32% of the median local income ($68k/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 $760 of loan paydown is wiped out by about $3k 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 $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 250 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $34k; list at $110k implies a 219% gain — meaningful room to come down on a strong offer.

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 $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 250 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 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 1.68% ✓
• Cap rate: 12.47%
• Cash-on-cash: 22.08%
• DSCR: 1.98
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 20.9%
• Equity multiple: 1.91×
• Total profit: $28,105
• Equity at exit: $16,386

10-year hold

• IRR: 32.5%
• Equity multiple: 4.76×
• Total profit: $115,711
• Equity at exit: $9,502

Cash invested: $30,772 (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 34285

• Rents YoY: 8.8%
• Active inventory: 462
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,844 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$74 /mo · $887/yr
• Insurance: −$46
• HOA: −$195
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $566

Break-even live

Break-even rent $1,128

Max offer price $109,900

Occupancy floor 64%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $195 · $2,340/yr

Listing history 19 events

1. 2026-06-18
   days on market $109,900 Active 250 DOM
2. 2026-06-17
   days on market $109,900 Active 249 DOM
3. 2026-06-16
   days on market $109,900 Active 248 DOM
4. 2026-06-15
   days on market $109,900 Active 247 DOM
5. 2026-06-13
   days on market $109,900 Active 245 DOM
6. 2026-06-13
   days on market $109,900 Active 244 DOM
7. 2026-06-10
   days on market $109,900 Active 242 DOM
8. 2026-06-09
   days on market $109,900 Active 241 DOM
9. 2026-06-08
   days on market $109,900 Active 239 DOM
10. 2026-06-05
    days on market $109,900 Active 236 DOM
11. 2026-06-03
    days on market $109,900 Active 235 DOM
12. 2026-06-02
    days on market $109,900 Active 234 DOM
13. 2026-06-01
    days on market $109,900 Active 233 DOM
14. 2026-05-31
    days on market $109,900 Active 232 DOM
15. 2026-04-06
    status Active 1311-char remark

    Show marketing remark (1311 chars)

    Welcome to this cozy and well-maintained 2-bedroom, 1-bathroom mobile home, ideally situated in the desirable Colonial Manors community in Venice, Florida. Whether you're looking for a peaceful seasonal retreat or a comfortable year-round home, this turn-key furnished property offers convenience, relaxation, and coastal living. Just minutes away from the beautiful sandy beaches of Venice, you can enjoy the sun, surf, and sunsets without the hassle of long commutes. The community’s peaceful atmosphere offers a perfect escape from the hustle and bustle, while still being close to all the amenities and attractions Venice has to offer. The home features a functional layout with space for relaxation. Both bedrooms are bright and airy, the open living area is perfect for lounging or entertaining, with easy access to the kitchen and dining space. Enjoy the Florida lifestyle with the convenience of local shops, restaurants, and entertainment, all just a short drive away. Whether you’re here to enjoy the seasonal warmth or plan to stay year-round, this home offers an affordable and low-maintenance living option in a prime location. Don't miss your chance to own a slice of paradise in Colonial Manors! Schedule a showing today and start living the beach life you’ve always dreamed of.

16. 2026-04-03
    historical 1311-char remark

    Show marketing remark (1311 chars)

    Welcome to this cozy and well-maintained 2-bedroom, 1-bathroom mobile home, ideally situated in the desirable Colonial Manors community in Venice, Florida. Whether you're looking for a peaceful seasonal retreat or a comfortable year-round home, this turn-key furnished property offers convenience, relaxation, and coastal living. Just minutes away from the beautiful sandy beaches of Venice, you can enjoy the sun, surf, and sunsets without the hassle of long commutes. The community’s peaceful atmosphere offers a perfect escape from the hustle and bustle, while still being close to all the amenities and attractions Venice has to offer. The home features a functional layout with space for relaxation. Both bedrooms are bright and airy, the open living area is perfect for lounging or entertaining, with easy access to the kitchen and dining space. Enjoy the Florida lifestyle with the convenience of local shops, restaurants, and entertainment, all just a short drive away. Whether you’re here to enjoy the seasonal warmth or plan to stay year-round, this home offers an affordable and low-maintenance living option in a prime location. Don't miss your chance to own a slice of paradise in Colonial Manors! Schedule a showing today and start living the beach life you’ve always dreamed of.

17. 2026-03-14
    price $109,900 1311-char remark

    Show marketing remark (1311 chars)

    Welcome to this cozy and well-maintained 2-bedroom, 1-bathroom mobile home, ideally situated in the desirable Colonial Manors community in Venice, Florida. Whether you're looking for a peaceful seasonal retreat or a comfortable year-round home, this turn-key furnished property offers convenience, relaxation, and coastal living. Just minutes away from the beautiful sandy beaches of Venice, you can enjoy the sun, surf, and sunsets without the hassle of long commutes. The community’s peaceful atmosphere offers a perfect escape from the hustle and bustle, while still being close to all the amenities and attractions Venice has to offer. The home features a functional layout with space for relaxation. Both bedrooms are bright and airy, the open living area is perfect for lounging or entertaining, with easy access to the kitchen and dining space. Enjoy the Florida lifestyle with the convenience of local shops, restaurants, and entertainment, all just a short drive away. Whether you’re here to enjoy the seasonal warmth or plan to stay year-round, this home offers an affordable and low-maintenance living option in a prime location. Don't miss your chance to own a slice of paradise in Colonial Manors! Schedule a showing today and start living the beach life you’ve always dreamed of.

18. 2025-10-03
    listed $115,000 Active 1311-char remark

    Show marketing remark (1311 chars)

    Welcome to this cozy and well-maintained 2-bedroom, 1-bathroom mobile home, ideally situated in the desirable Colonial Manors community in Venice, Florida. Whether you're looking for a peaceful seasonal retreat or a comfortable year-round home, this turn-key furnished property offers convenience, relaxation, and coastal living. Just minutes away from the beautiful sandy beaches of Venice, you can enjoy the sun, surf, and sunsets without the hassle of long commutes. The community’s peaceful atmosphere offers a perfect escape from the hustle and bustle, while still being close to all the amenities and attractions Venice has to offer. The home features a functional layout with space for relaxation. Both bedrooms are bright and airy, the open living area is perfect for lounging or entertaining, with easy access to the kitchen and dining space. Enjoy the Florida lifestyle with the convenience of local shops, restaurants, and entertainment, all just a short drive away. Whether you’re here to enjoy the seasonal warmth or plan to stay year-round, this home offers an affordable and low-maintenance living option in a prime location. Don't miss your chance to own a slice of paradise in Colonial Manors! Schedule a showing today and start living the beach life you’ve always dreamed of.

19. 1993-10-26
    soldstatus $34,500

ⓘ 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: $887 · $74/mo
• Projected year-2 tax: $912 · $76/mo
• Expected delta: +$25/yr (+$2/mo · 2.9%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,134
• − Mortgage interest: −$6,156
• − Property taxes: −$887
• − Insurance: −$550
• − Repairs & maintenance: −$1,771
• − Management: −$1,771
• − HOA: −$2,340
• − Depreciation: −$3,197
• Taxable income: $5,463
• Est. tax owed @ 24.0%: −$1,311
• After-tax cash flow: $5,483/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 — Venice

• Score: 80/100
• State rank: #129
• US rank: #1925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Venice, FL
• County: Sarasota County · 448,376 people
• City population: 86,541
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 18,677
• Household income: $68,301
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 747.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% German/W. Germanic 2%

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: ▼ -329.42%
• Current HPI: 264.6389
• Rent YoY: ▲ 8.78%
• 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

+218.6% since first listed

5 events — show timeline

• 2026-04-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-14 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 1993-10-26 Sold (Public Records) $34,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $887 · -0.0% YoY. Source: county tax records.