498 Longwood Dr · Venice Gardens, FL 34285

$145,000

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 7 Days on market

Built 1981 4,754 sqft lot $177/mo HOA · 9% 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 +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell! This two bedroom two bath home is ready for a new owner. The floors have all new laminate throughout. A membrane roof and a great 2019 air conditioner! Sandalwood is a wonderful community of only 239 homes. A beautiful pool, bocci, shuffleboard and a putting green.

Key facts

• Dog park
• Community pool
• Community park

Tags

• NEW ROOF
• NEW AC
• HUGE SCREENED LANAI
• COMMUNITY POOL
• COMMUNITY PARK
• DOG PARK

Property features AI

Finance

• Other: Senior community; Pets allowed (cats and dogs); Community features: dog park, golf carts allowed, deed restrictions, buyer approval required, association recreation owned
• Financial info: Total annual fees listed as $2,128; Lease restrictions apply
• HOA & community: HOA present (monthly fee $177.33; quarterly association fee $532); Association requires approval; Association amenities: clubhouse, park, pool, shuffleboard court, recreational facilities; Association fee includes: cable TV, common area taxes, pool, escrow reserves, grounds maintenance, management, private road

Exterior

• Parking: Covered driveway parking; Carport (1 space); Golf cart parking
• Utilities: Public water; Public sewer; Electricity connected/available; Cable available; Water connected
• Home design: Manufactured home (double wide); Single-story; East-facing entry
• Construction: Vinyl siding; Other roof; Pillar/post/pier foundation; Completed condition
• Exterior features: Covered, enclosed, screened patio/porch; Patio; Storage shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Thermostat; Window treatments (blinds)
• Laundry & utility: Outdoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).

Location & tenants

• Location reads 68/100 on livability (#537 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; Watch: 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.
• Zoned schools: Garden Elementary School (math 71% / reading 69%, grade A-, #345 of 2,144 statewide, top 17%, 513 students, 52% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL) — zoned schools at 41% FRL track the district average.
• 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 35% 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 $1k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-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: 1.38% ✓
• Cap rate: 10.49%
• Cash-on-cash: 15.00%
• DSCR: 1.67
• GRM: 6.0

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: 11.4%
• Equity multiple: 1.48×
• Total profit: $19,505
• Equity at exit: $21,620

10-year hold

• IRR: 24.3%
• Equity multiple: 3.64×
• Total profit: $107,160
• Equity at exit: $12,537

Cash invested: $40,600 (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: 6.0×

Monthly cashflow live

• Estimated rent: $2,006 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$79 /mo · $949/yr
• Insurance: −$60
• HOA: −$177
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $508

Break-even live

Break-even rent $1,363

Max offer price $145,000

Occupancy floor 70%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $177 · $2,124/yr
• Likely covers: pool

Listing history 7 events

1. 2026-06-18
   days on market $145,000 Active 7 DOM
2. 2026-06-17
   days on market $145,000 Active 6 DOM
3. 2026-06-16
   days on market $145,000 Active 5 DOM
4. 2026-06-15
   days on market $145,000 Active 4 DOM
5. 2026-06-13
   days on market $145,000 Active 2 DOM
6. 2026-06-13
   remarks 681-char remark
7. 2026-06-13
   listed $145,000 Active 1 DOM

ⓘ 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: $949 · $79/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$255/yr (+$21/mo · 26.9%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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: $24,067
• − Mortgage interest: −$8,122
• − Property taxes: −$949
• − Insurance: −$725
• − Repairs & maintenance: −$1,925
• − Management: −$1,925
• − HOA: −$2,124
• − Depreciation: −$4,218
• Taxable income: $4,078
• Est. tax owed @ 24.0%: −$979
• After-tax cash flow: $5,112/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 Gardens

• Score: 68/100
• State rank: #537
• US rank: #10074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• 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

+52.6% since first listed

11 events — show timeline

• 2026-06-11 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-24 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-08 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-11 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2022-01-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-13 Listed $156,500 Stellar MLS as Distributed by MLS Grid
• 2017-03-17 Sold (Public Records) $87,000 Public Records
• 2017-03-15 Sold (MLS) $87,000 Stellar MLS as Distributed by MLS Grid
• 2017-02-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-02-12 Listed $95,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-0.3%/yr

Latest (2025): $949 · -47.4% YoY. Source: county tax records.