1890 Palm Springs St · Desoto Acres, FL 34234

$99,900

1 bd · 1.0 ba · 636 sqft · Manufactured public records · 181 Days on market

Built 1968 3,515 sqft lot $137/mo HOA · 8% of rent

---

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 +29.2/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Tri-Par Estates Mobile Home Park! Buy your affordable piece of Florida Paradise here! You own the land in this park with reasonable fees. Annual HOA fee is included in the taxes. Annual HOA fee works out to an inexpensive $137.33 per month living! Tri-Par Estates has lots of amenities to enjoy year round. Live here full time or part time 2nd home, you will enjoy the Florida life. This is a 1 bedroom, 1 bathroom, living room, dining area, kitchen and 2 lanai areas which are screened in. Natural gas community too! Brand new natural gas hot water heater just installed November/December 2025. Location is not far from downtown Sarasota for shopping, dining and entertainment. Sarasota Airport is close by as well. Mobile home park is deed restricted community. Call for your private showing today! Tenant in the process of Vacating by 12/31/2025.

Key facts

• 3,515 sq ft lot
• Parking
• Community pool

Tags

• SCREENED IN LANAI AREAS
• NATURAL GAS COMMUNITY
• CLOSE TO DOWNTOWN SARASOTA
• CLOSE TO SARASOTA AIRPORT
• DEED RESTRICTED COMMUNITY

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.0% in Desoto Acres — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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); 270 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% 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 $691 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.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $100k implies a 263% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.
• 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 $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.62% ✓
• Cap rate: 10.47%
• Cash-on-cash: 14.93%
• DSCR: 1.66
• GRM: 5.1

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: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,405
• Equity at exit: $14,895

10-year hold

• IRR: 6.9%
• Equity multiple: 1.43×
• Total profit: $12,117
• Equity at exit: $8,638

Cash invested: $27,972 (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: 270
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,621 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$230 /mo · $2,760/yr
• Insurance: −$42
• HOA: −$137
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $348

Break-even live

Break-even rent $1,180

Max offer price $99,900

Occupancy floor 74%

Sensitivity live

Price	-10% $405	-5% $376	+0% $348	+5% $320	+10% $292
Rent	-10% $220	-5% $284	+0% $348	+5% $412	+10% $476
Rate	-1.0pp $398	-0.5pp $374	base $348	+0.5pp $322	+1.0pp $296

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2351 University Pkwy Sarasota, FL	1.0–3.0	1.0–2.0	1046	$1,839	$1.76	2d	24	1.06mi

HOA detail

• Monthly dues: $137 · $1,644/yr
• Likely covers: watergas

Listing history 14 events

1. 2026-06-16
   days on market $99,900 Active 181 DOM
2. 2026-06-15
   days on market $99,900 Active 180 DOM
3. 2026-06-13
   days on market $99,900 Active 178 DOM
4. 2026-06-13
   days on market $99,900 Active 177 DOM
5. 2026-06-10
   days on market $99,900 Active 175 DOM
6. 2026-06-09
   days on market $99,900 Active 174 DOM
7. 2026-06-08
   days on market $99,900 Active 172 DOM
8. 2026-06-05
   days on market $99,900 Active 169 DOM
9. 2026-06-03
   days on market $99,900 Active 168 DOM
10. 2026-06-02
    days on market $99,900 Active 167 DOM
11. 2026-06-01
    days on market $99,900 Active 166 DOM
12. 2026-05-31
    days on market $99,900 Active 165 DOM
13. 2025-12-17
    listed $99,900 Active 860-char remark

    Show marketing remark (860 chars)

    Welcome to Tri-Par Estates Mobile Home Park! Buy your affordable piece of Florida Paradise here! You own the land in this park with reasonable fees. Annual HOA fee is included in the taxes. Annual HOA fee works out to an inexpensive $137.33 per month living! Tri-Par Estates has lots of amenities to enjoy year round. Live here full time or part time 2nd home, you will enjoy the Florida life. This is a 1 bedroom, 1 bathroom, living room, dining area, kitchen and 2 lanai areas which are screened in. Natural gas community too! Brand new natural gas hot water heater just installed November/December 2025. Location is not far from downtown Sarasota for shopping, dining and entertainment. Sarasota Airport is close by as well. Mobile home park is deed restricted community. Call for your private showing today! Tenant in the process of Vacating by 12/31/2025.

14. 1997-04-30
    soldstatus $27,500

ⓘ 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: $2,760 · $230/mo
• Projected year-2 tax: $2,760 · $230/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $19,452
• − Mortgage interest: −$5,596
• − Property taxes: −$2,760
• − Insurance: −$500
• − Repairs & maintenance: −$1,556
• − Management: −$1,556
• − HOA: −$1,644
• − Depreciation: −$2,906
• Taxable income: $2,934
• Est. tax owed @ 24.0%: −$704
• After-tax cash flow: $3,473/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 — Desoto Acres

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Sarasota County · 448,376 people
• 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

+263.3% since first listed

2 events — show timeline

• 2025-12-17 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 1997-04-30 Sold (Public Records) $27,500 Public Records

Property tax history

+4.8%/yr

Latest (2025): $2,760 · +2.8% YoY. Source: county tax records.