1100 University Pkwy #54 · Sarasota, FL 34234

$137,000

2 bd · 1.0 ba · 470 sqft · Manufactured · 326 Days on market

Built 1965 Excellent condition 2,432 sqft lot $185/mo HOA · 11% of rent

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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 +21.6/30.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• DSCR +6.9/10.0
• Schools +5.4/10.0
• Condition / age +4.8/5.0
• Livability +4.0/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Better Than New — Fully Renovated 55+ Home (Now Bigger Too!) Move right into this beautifully renovated single-wide that lives like a double-wide. Completely updated from the ground up for low-maintenance, modern living in a friendly 55+ community—ideal for seasonal residents or anyone seeking an affordable, move-in-ready home. Highlights: - Converted lanai now conditioned living space (˜232 sq ft) with lounge and additional bedroom - Gourmet kitchen: stainless range, microwave, dishwasher, refrigerator, tiled backsplash, double sink, ample upper & lower cabinetry - Clerestory windows flood the interior with natural light - Durable laminate flooring throughout - Updated bath with tiled walk-in shower; stackable washer/dryer included - Primary bedroom with built-in wardrobes - Large outdoor shed(S) for beach gear and storage Location & Community: - Club House plus heated and screened pool. - 1 mile to Ringling Museum • 3.5 miles to downtown Sarasota • 6 miles to Lido Key • 10 miles to Siesta Key - Close to UTC Mall, Sarasota Farmers Market, restaurants, and cultural venues - Service/emotional support animals (ESA) welcome with board-approved accommodation Enjoy stylish, affordable living in an unbeatable Sarasota location—perfect for seasonal escapes or year-round comfort. Schedule your showing today!

Key facts

• Fully renovated
• Tiled walk-in shower
• Spacious shed

Tags

• FULLY RENOVATED
• GOURMET KITCHEN
• AIR-CONDITIONED SPACE
• TILED WALK-IN SHOWER
• BUILT-IN WARDROBES
• SPACIOUS SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $137k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $207 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $137k).
• Recommended offer: $121k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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 falling (-3.1%/yr); 268 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 36% of the median local income ($57k/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 $947 of loan paydown is wiped out by about $4k 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 326 days — a 12% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $13k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $137k implies a 448% 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 $120,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 326 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 1965 — 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 B-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.24% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.49%
• DSCR: 1.29
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.64×
• Total profit: $-13,819
• Equity at exit: $20,427

10-year hold

• IRR: -6.6%
• Equity multiple: 0.64×
• Total profit: $-13,656
• Equity at exit: $11,845

Cash invested: $38,360 (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 34234

• Rents YoY: -3.1%
• Active inventory: 268
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,695 medium
• Mortgage (P&I): −$718
• Tax est. 1.5%: −$171 /mo · $2,055/yr
• Insurance: −$57
• HOA: −$185
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $207

Break-even live

Break-even rent $1,433

Max offer price $137,000

Occupancy floor 83%

Sensitivity live

Price	-10% $302	-5% $255	+0% $207	+5% $160	+10% $113
Rent	-10% $73	-5% $140	+0% $207	+5% $274	+10% $341
Rate	-1.0pp $276	-0.5pp $242	base $207	+0.5pp $172	+1.0pp $136

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: $34,250
• Closing costs: $4,110
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $185 · $2,220/yr
• Likely covers: pool

Listing history 20 events

1. 2026-06-18
   days on market $137,000 Active 326 DOM
2. 2026-06-17
   days on market $137,000 Active 325 DOM
3. 2026-06-15
   days on market $137,000 Active 323 DOM
4. 2026-06-13
   days on market $137,000 Active 321 DOM
5. 2026-06-13
   days on market $137,000 Active 320 DOM
6. 2026-06-10
   days on market $137,000 Active 318 DOM
7. 2026-06-09
   days on market $137,000 Active 317 DOM
8. 2026-06-08
   days on market $137,000 Active 315 DOM
9. 2026-06-05
   days on market $137,000 Active 312 DOM
10. 2026-06-03
    days on market $137,000 Active 311 DOM
11. 2026-06-02
    days on market $137,000 Active 310 DOM
12. 2026-06-01
    days on market $137,000 Active 309 DOM
13. 2026-05-31
    days on market $137,000 Active 308 DOM
14. 2026-04-24
    price $137,000 1409-char remark

    Show marketing remark (1409 chars)

    Better Than New — Fully Renovated 55+ Home (Now Bigger Too!) Move right into this beautifully renovated single-wide that lives like a double-wide. Completely updated from the ground up for low-maintenance, modern living in a friendly 55+ community—ideal for seasonal residents or anyone seeking an affordable, move-in-ready home. Highlights: - Converted lanai now conditioned living space (˜232 sq ft) with lounge and additional bedroom - Gourmet kitchen: stainless range, microwave, dishwasher, refrigerator, tiled backsplash, double sink, ample upper & lower cabinetry - Clerestory windows flood the interior with natural light - Durable laminate flooring throughout - Updated bath with tiled walk-in shower; stackable washer/dryer included - Primary bedroom with built-in wardrobes - Large outdoor shed(S) for beach gear and storage Location & Community: - Club House plus heated and screened pool. - 1 mile to Ringling Museum • 3.5 miles to downtown Sarasota • 6 miles to Lido Key • 10 miles to Siesta Key - Close to UTC Mall, Sarasota Farmers Market, restaurants, and cultural venues - Service/emotional support animals (ESA) welcome with board-approved accommodation Enjoy stylish, affordable living in an unbeatable Sarasota location—perfect for seasonal escapes or year-round comfort. Schedule your showing today!

15. 2026-01-09
    price $138,000 1409-char remark

    Show marketing remark (1409 chars)

    Better Than New — Fully Renovated 55+ Home (Now Bigger Too!) Move right into this beautifully renovated single-wide that lives like a double-wide. Completely updated from the ground up for low-maintenance, modern living in a friendly 55+ community—ideal for seasonal residents or anyone seeking an affordable, move-in-ready home. Highlights: - Converted lanai now conditioned living space (˜232 sq ft) with lounge and additional bedroom - Gourmet kitchen: stainless range, microwave, dishwasher, refrigerator, tiled backsplash, double sink, ample upper & lower cabinetry - Clerestory windows flood the interior with natural light - Durable laminate flooring throughout - Updated bath with tiled walk-in shower; stackable washer/dryer included - Primary bedroom with built-in wardrobes - Large outdoor shed(S) for beach gear and storage Location & Community: - Club House plus heated and screened pool. - 1 mile to Ringling Museum • 3.5 miles to downtown Sarasota • 6 miles to Lido Key • 10 miles to Siesta Key - Close to UTC Mall, Sarasota Farmers Market, restaurants, and cultural venues - Service/emotional support animals (ESA) welcome with board-approved accommodation Enjoy stylish, affordable living in an unbeatable Sarasota location—perfect for seasonal escapes or year-round comfort. Schedule your showing today!

16. 2025-09-27
    price $145,000 1409-char remark

    Show marketing remark (1409 chars)

    Better Than New — Fully Renovated 55+ Home (Now Bigger Too!) Move right into this beautifully renovated single-wide that lives like a double-wide. Completely updated from the ground up for low-maintenance, modern living in a friendly 55+ community—ideal for seasonal residents or anyone seeking an affordable, move-in-ready home. Highlights: - Converted lanai now conditioned living space (˜232 sq ft) with lounge and additional bedroom - Gourmet kitchen: stainless range, microwave, dishwasher, refrigerator, tiled backsplash, double sink, ample upper & lower cabinetry - Clerestory windows flood the interior with natural light - Durable laminate flooring throughout - Updated bath with tiled walk-in shower; stackable washer/dryer included - Primary bedroom with built-in wardrobes - Large outdoor shed(S) for beach gear and storage Location & Community: - Club House plus heated and screened pool. - 1 mile to Ringling Museum • 3.5 miles to downtown Sarasota • 6 miles to Lido Key • 10 miles to Siesta Key - Close to UTC Mall, Sarasota Farmers Market, restaurants, and cultural venues - Service/emotional support animals (ESA) welcome with board-approved accommodation Enjoy stylish, affordable living in an unbeatable Sarasota location—perfect for seasonal escapes or year-round comfort. Schedule your showing today!

17. 2025-07-27
    listed $150,000 Active 1409-char remark

    Show marketing remark (1409 chars)

    Better Than New — Fully Renovated 55+ Home (Now Bigger Too!) Move right into this beautifully renovated single-wide that lives like a double-wide. Completely updated from the ground up for low-maintenance, modern living in a friendly 55+ community—ideal for seasonal residents or anyone seeking an affordable, move-in-ready home. Highlights: - Converted lanai now conditioned living space (˜232 sq ft) with lounge and additional bedroom - Gourmet kitchen: stainless range, microwave, dishwasher, refrigerator, tiled backsplash, double sink, ample upper & lower cabinetry - Clerestory windows flood the interior with natural light - Durable laminate flooring throughout - Updated bath with tiled walk-in shower; stackable washer/dryer included - Primary bedroom with built-in wardrobes - Large outdoor shed(S) for beach gear and storage Location & Community: - Club House plus heated and screened pool. - 1 mile to Ringling Museum • 3.5 miles to downtown Sarasota • 6 miles to Lido Key • 10 miles to Siesta Key - Close to UTC Mall, Sarasota Farmers Market, restaurants, and cultural venues - Service/emotional support animals (ESA) welcome with board-approved accommodation Enjoy stylish, affordable living in an unbeatable Sarasota location—perfect for seasonal escapes or year-round comfort. Schedule your showing today!

18. 2022-05-04
    soldstatus $25,000 Closed 610-char remark

    Show marketing remark (610 chars)

    ATTENTION INVESTORS! DeSoto Place is a 55+ community conveniently located close to all that is wonderful in SW Florida: The Ringling Museum, beaches, restaurants, Mall, Benderson Park, marinas, downtown Sarasota, Bradenton, St Armands Circle, the airport and more! This single wide mobile home is most likely a tear-down, being sold as-is. There is a heated, screened community pool. There’s a community laundry room with coin operated washers & dryers. Seller has never occupied the home and has very limited knowledge about it. Buyer/Buyer's agent to verify all information. Vacant, go and show!

19. 2022-04-12
    status Pending 610-char remark

    Show marketing remark (610 chars)

    ATTENTION INVESTORS! DeSoto Place is a 55+ community conveniently located close to all that is wonderful in SW Florida: The Ringling Museum, beaches, restaurants, Mall, Benderson Park, marinas, downtown Sarasota, Bradenton, St Armands Circle, the airport and more! This single wide mobile home is most likely a tear-down, being sold as-is. There is a heated, screened community pool. There’s a community laundry room with coin operated washers & dryers. Seller has never occupied the home and has very limited knowledge about it. Buyer/Buyer's agent to verify all information. Vacant, go and show!

20. 2022-04-01
    listed $49,999 Active 610-char remark

    Show marketing remark (610 chars)

    ATTENTION INVESTORS! DeSoto Place is a 55+ community conveniently located close to all that is wonderful in SW Florida: The Ringling Museum, beaches, restaurants, Mall, Benderson Park, marinas, downtown Sarasota, Bradenton, St Armands Circle, the airport and more! This single wide mobile home is most likely a tear-down, being sold as-is. There is a heated, screened community pool. There’s a community laundry room with coin operated washers & dryers. Seller has never occupied the home and has very limited knowledge about it. Buyer/Buyer's agent to verify all information. Vacant, go and show!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $20,342
• − Mortgage interest: −$7,674
• − Property taxes: −$2,055
• − Insurance: −$685
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − HOA: −$2,220
• − Depreciation: −$3,985
• Taxable income: $468
• Est. tax owed @ 24.0%: −$112
• After-tax cash flow: $2,377/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.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This fully renovated single-wide mobile home is move-in ready with excellent condition and modern updates.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and property value
• Both Painting exterior trim — Freshens up the home's appearance
• Both Add a smart home system — Improves energy efficiency and adds modern amenities

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and property value ↑
• Both Painting exterior trim — Freshens up the home's appearance ↑
• Both Add a smart home system — Improves energy efficiency and adds modern amenities ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sarasota, FL
• County: Sarasota County · 448,376 people
• City population: 261,896
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,986
• Household income: $57,288
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1306.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 44% Black 31% Hispanic / Latino 20% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 1% Cuban 6% Dominican 1%
• Common ancestry: Lithuanian 4% Hispanic 2% Romanian 1%
• Foreign-born: 17% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 17% 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: ▼ -229.06%
• Current HPI: 305.6629
• Rent YoY: ▼ -3.15%
• 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

7 events — show timeline

• 2026-04-24 Price Changed $137,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-09 Price Changed $138,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-27 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-27 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2022-05-04 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-04-01 Listed $49,999 Stellar MLS as Distributed by MLS Grid