2426 Wisteria Rd · South Venice, FL 34293

$237,900

3 bd · 2.0 ba · 1,704 sqft · SingleFamily public records · 30 Days on market

Built 1972 0.28 ac 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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.8/10.0
• 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

Auction Property. AUCTION - OCCUPIED. Affordable ranch home offers 3 beds, 2 baths, an attached garage, and the home sits on a large, fenced lot. Come make this one your dream space. Property is sold as-is with NO property disclosure or inspection reports, NO interior photos, NO lease in place, NO ACCESS - the seller does not represent or guarantee occupancy status. Please DO NOT DISTURB the occupant. "As is" CASH ONLY sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing. NOTE - Home has an existing Solar Panel Agreement - Buyer would be responsible to obtain any new agreement and may need to sign a Hold Harmle

Key facts

• 0.28 acre lot
• 2 garage spots
• Built 1972

Property features AI

Finance

• Other: Property type zoning: RSF3; Lot size approximately 0.27 acres (1/4 to less than 1/2 acre)

Exterior

• Parking: Attached garage with 2 garage spaces
• Utilities: Well water; Septic tank; Water and sewer available
• Home design: Single family residence; One story; Residential property; Faces east
• Construction: Stucco construction; Shingle roof; Slab foundation; Built area approximately 1,704 (source: appraiser)
• Exterior features: Other exterior features; Road surface: Other

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Other heating; Central air conditioning
• Interior features: No interior features listed; Other flooring
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $238k).
• Recommended offer: $234k (1.5% below list) — sets the bar for market timing.

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: schools F, 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 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).
• This rent runs 34% of the median local income ($90k/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 $2k of loan paydown is wiped out by about $7k 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 30 days — a 2% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago; this cycle's ask has dropped $14k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $234,331 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.40%
• DSCR: 1.28
• GRM: 7.7

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: -9.1%
• Equity multiple: 0.67×
• Total profit: $-21,660
• Equity at exit: $35,472

10-year hold

• IRR: -3.1%
• Equity multiple: 0.82×
• Total profit: $-12,205
• Equity at exit: $20,569

Cash invested: $66,612 (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: 7.7×

Monthly cashflow live

• Estimated rent: $2,561 medium
• Mortgage (P&I): −$1,248
• Tax from tax record: −$321 /mo · $3,851/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $355

Break-even live

Break-even rent $2,111

Max offer price $237,900

Occupancy floor 81%

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: $59,475
• Closing costs: $7,137
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-18
   days on market $237,900 Active 30 DOM
2. 2026-06-17
   days on market $237,900 Active 29 DOM
3. 2026-06-16
   pricedays on market $237,900 Active 28 DOM
4. 2026-06-15
   days on market $252,300 Active 27 DOM
5. 2026-06-13
   days on market $252,300 Active 25 DOM
6. 2026-06-13
   days on market $252,300 Active 24 DOM
7. 2026-06-10
   days on market $252,300 Active 22 DOM
8. 2026-06-09
   days on market $252,300 Active 21 DOM
9. 2026-06-08
   days on market $252,300 Active 20 DOM
10. 2026-06-08
    remarks 689-char remark
11. 2026-06-08
    days on market $252,300 Active 19 DOM
12. 2026-06-05
    days on market $252,300 Active 16 DOM
13. 2026-06-03
    days on market $252,300 Active 15 DOM
14. 2026-06-02
    days on market $252,300 Active 14 DOM
15. 2026-06-01
    days on market $252,300 Active 13 DOM
16. 2026-05-31
    days on market $252,300 Active 12 DOM
17. 2026-05-19
    listed $252,300 Active
18. 2025-09-04
    listed $5,000 Active
19. 2021-07-18
    historical
20. 2021-07-17
    price $339,900
21. 2021-07-17
    listed $345,000 Active
22. 2017-05-22
    soldstatus $221,650
23. 2017-05-19
    soldstatus $221,000 Sold
24. 2017-04-07
    status Pending
25. 2017-03-25
    price $225,000
26. 2017-02-03
    listed $229,900 Active
27. 2014-07-28
    soldstatus $90,000 Sold
28. 2014-07-18
    historical Contingent - REO Waiting For Signatures
29. 2014-07-10
    listed $88,100 Active
30. 1988-02-25
    soldstatus $72,700

ⓘ 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: $3,851 · $321/mo
• Projected year-2 tax: $3,851 · $321/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $30,728
• − Mortgage interest: −$13,326
• − Property taxes: −$3,851
• − Insurance: −$1,190
• − Repairs & maintenance: −$2,458
• − Management: −$2,458
• − Depreciation: −$6,921
• Taxable income: $524
• Est. tax owed @ 24.0%: −$126
• After-tax cash flow: $4,138/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

+247.0% since first listed

14 events — show timeline

• 2026-05-19 Listed $252,300 Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Listed $5,000 NFMLS
• 2021-07-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-07-17 Price Changed $339,900 Stellar MLS as Distributed by MLS Grid
• 2021-07-17 Listed $345,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-22 Sold (Public Records) $221,650 Public Records
• 2017-05-19 Sold (MLS) $221,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-03-25 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2017-02-03 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 2014-07-28 Sold (MLS) $90,000 Stellar MLS as Distributed by MLS Grid
• 2014-07-18 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-07-10 Listed $88,100 Stellar MLS as Distributed by MLS Grid
• 1988-02-25 Sold (Public Records) $72,700 Public Records

Property tax history

+8.5%/yr

Latest (2025): $3,851 · -5.1% YoY. Source: county tax records.