1435 15th St · Sarasota, FL 34236

$300,000

2 bd · 1.0 ba · 860 sqft · SingleFamily public records · 1 Days on market

Built 2000

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Why this score? — see what drove the D+ 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 +15.4/30.0
• ARV discount +7.5/15.0
• Appreciation +6.0/10.0
• Schools +5.4/10.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0

Listing remarks MLS

What a peach! Only a 10 minute ride to the beach! Near EVERYTHING! This cute as a button, 3 bedroom home has been lovingly renovated from top to bottom. A classic Florida bungalow, it boasts a spacious master bedroom, splendid walk-in closet, & revamped powder room that is oh so handsome with 12” x 24” porcelain tile, set subway style. The lovely living room speckled with sunlight wraps around into an adorable dollhouse, eat-in kitchen complete with new, real wood birch cabinetry, new dishwasher and disposal, white glass top stove and refrigerator; all accented with tastefully dappled counter tops that compliment the lavish luster. The split floor plan offers privacy and the two back bedrooms are perfect for guests, home office, or writer's den. Nestled among majestic trees on a quiet, dead-end street. .. perfect for relaxing and enjoying the wonderful Florida lifestyle! Resplendent with grassy green front yard, palms & an ample backyard. Just steps away from newly renovated Mary Dean Park. This quaint home also boasts a new roof (with transferable warranty) and aluminum soffit & fascia! It also features inside laundry area, newer air handler and updated electric service panel, ceramic tile throughout the home, & a pull-down staircase leads to a full size attic for storage galore. Freshly painted inside and out and recently tented for peace of mind (with transferable warranty. ) Experience all downtown has to offer! This charming home won't last long so call it yours today!

Key facts

• New disposal
• Revamped powder room
• New dishwasher

Tags

• REVAMPED POWDER ROOM
• NEW REAL WOOD BIRCH CABINETRY
• NEW DISHWASHER
• NEW DISPOSAL
• WHITE GLASS TOP STOVE
• NEW ROOF

Property features AI

Finance

• Other: Other: Not specified
• Financial info: Financial info: Not specified
• HOA & community: HOA & community: Not specified

Exterior

• Parking: Parking: Not specified
• Security: Security: Not specified
• Utilities: Utilities: Not specified
• Home design: Built in 2000; Living area approximately 860
• Construction: Construction details: Not specified
• Exterior features: Located in the Central Cocoanut subdivision

Interior

• Kitchen: Kitchen: Not specified
• Bedrooms: Bedrooms: Not specified
• Flooring: Flooring: Not specified
• Bathrooms: Bathrooms: Not specified
• Heating & cooling: Heating & cooling: Not specified
• Interior features: Open living area
• Laundry & utility: Laundry & utility: Not specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $117 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (20.3% below list).
• Recommended offer: $239k (20.3% below list) — sets the bar for 1% rule.

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 (-5.1%/yr); 731 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($2k loan paydown + $6k appreciation (1.9% local appreciation)).
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.9% appreciation + 0.0% rent growth), your $84k cash investment doubles in ~9 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 13y 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.
• Current owner paid $124k; list at $300k implies a 142% 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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,119 (20.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.68%
• DSCR: 1.07
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.92% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.23×
• Total profit: $19,602
• Equity at exit: $116,969

10-year hold

• IRR: 6.7%
• Equity multiple: 1.87×
• Total profit: $72,841
• Equity at exit: $167,398

Cash invested: $84,000 (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 34236

• Home prices YoY: 0.6%
• Rents YoY: -5.1%
• Active inventory: 731
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,391 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$74 /mo · $883/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $117

Break-even live

Break-even rent $2,243

Max offer price $300,000

Occupancy floor 90%

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-05-26
   listed $300,000 Active
2. 2015-10-16
   soldstatus $124,000 Sold 1532-char remark

   Show marketing remark (1532 chars)

   What a peach! Only a 10 minute ride to the beach! Near EVERYTHING! This cute as a button, 3 bedroom home has been lovingly renovated from top to bottom. A classic Florida bungalow, it boasts a spacious master bedroom, splendid walk-in closet, & revamped powder room that is oh so handsome with 12” x 24” porcelain tile, set subway style. The lovely living room speckled with sunlight wraps around into an adorable dollhouse, eat-in kitchen complete with new, real wood birch cabinetry, new dishwasher and disposal, white glass top stove and refrigerator; all accented with tastefully dappled counter tops that compliment the lavish luster. The split floor plan offers privacy and the two back bedrooms are perfect for guests, home office, or writer's den. Nestled among majestic trees on a quiet, dead-end street. .. perfect for relaxing and enjoying the wonderful Florida lifestyle! Resplendent with grassy green front yard, palms & an ample backyard. Just steps away from newly renovated Mary Dean Park. This quaint home also boasts a new roof (with transferable warranty) and aluminum soffit & fascia! It also features inside laundry area, newer air handler and updated electric service panel, ceramic tile throughout the home, & a pull-down staircase leads to a full size attic for storage galore. Freshly painted inside and out and recently tented for peace of mind (with transferable warranty. ) Experience all downtown has to offer! This charming home won't last long so call it yours today!

3. 2015-09-08
   historical Active with Contract 1532-char remark

   Show marketing remark (1532 chars)

   What a peach! Only a 10 minute ride to the beach! Near EVERYTHING! This cute as a button, 3 bedroom home has been lovingly renovated from top to bottom. A classic Florida bungalow, it boasts a spacious master bedroom, splendid walk-in closet, & revamped powder room that is oh so handsome with 12” x 24” porcelain tile, set subway style. The lovely living room speckled with sunlight wraps around into an adorable dollhouse, eat-in kitchen complete with new, real wood birch cabinetry, new dishwasher and disposal, white glass top stove and refrigerator; all accented with tastefully dappled counter tops that compliment the lavish luster. The split floor plan offers privacy and the two back bedrooms are perfect for guests, home office, or writer's den. Nestled among majestic trees on a quiet, dead-end street. .. perfect for relaxing and enjoying the wonderful Florida lifestyle! Resplendent with grassy green front yard, palms & an ample backyard. Just steps away from newly renovated Mary Dean Park. This quaint home also boasts a new roof (with transferable warranty) and aluminum soffit & fascia! It also features inside laundry area, newer air handler and updated electric service panel, ceramic tile throughout the home, & a pull-down staircase leads to a full size attic for storage galore. Freshly painted inside and out and recently tented for peace of mind (with transferable warranty. ) Experience all downtown has to offer! This charming home won't last long so call it yours today!

4. 2015-09-04
   listed $125,000 Active 1532-char remark

   Show marketing remark (1532 chars)

   What a peach! Only a 10 minute ride to the beach! Near EVERYTHING! This cute as a button, 3 bedroom home has been lovingly renovated from top to bottom. A classic Florida bungalow, it boasts a spacious master bedroom, splendid walk-in closet, & revamped powder room that is oh so handsome with 12” x 24” porcelain tile, set subway style. The lovely living room speckled with sunlight wraps around into an adorable dollhouse, eat-in kitchen complete with new, real wood birch cabinetry, new dishwasher and disposal, white glass top stove and refrigerator; all accented with tastefully dappled counter tops that compliment the lavish luster. The split floor plan offers privacy and the two back bedrooms are perfect for guests, home office, or writer's den. Nestled among majestic trees on a quiet, dead-end street. .. perfect for relaxing and enjoying the wonderful Florida lifestyle! Resplendent with grassy green front yard, palms & an ample backyard. Just steps away from newly renovated Mary Dean Park. This quaint home also boasts a new roof (with transferable warranty) and aluminum soffit & fascia! It also features inside laundry area, newer air handler and updated electric service panel, ceramic tile throughout the home, & a pull-down staircase leads to a full size attic for storage galore. Freshly painted inside and out and recently tented for peace of mind (with transferable warranty. ) Experience all downtown has to offer! This charming home won't last long so call it yours today!

5. 2015-04-07
   historical
6. 2015-01-15
   status Active
7. 2014-12-30
   historical
8. 2014-06-10
   historical
9. 2014-05-28
   price $67,900
10. 2014-05-28
    price $72,900 Active
11. 2014-05-28
    status Active
12. 2014-05-28
    price $71,700
13. 2014-05-28
    price $69,900
14. 2014-05-27
    listed $74,900 Active
15. 2014-04-10
    historical
16. 2013-12-18
    listed $74,900 Active
17. 2013-09-23
    historical
18. 2013-08-15
    listed $79,000
19. 2001-03-09
    soldstatus $50,000
20. 1989-02-17
    soldstatus $14,400

ⓘ 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: $883 · $74/mo
• Projected year-2 tax: $2,490 · $208/mo
• Expected delta: +$1,607/yr (+$134/mo · 182.1%)

ⓘ 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 ≥107°F today · 30 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: $28,694
• − Mortgage interest: −$16,805
• − Property taxes: −$883
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,296
• − Management: −$2,296
• − Depreciation: −$8,727
• Taxable loss: −$3,811
• Est. tax savings @ 24.0%: +$915
• After-tax cash flow: $2,322/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 — 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): 14,446
• Household income: $95,881
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 927.0

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 (84%)
• Race & ethnicity: White 84% Two or more races 7% Hispanic / Latino 6% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 3% Scotch-Irish 3%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 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: ▲ 1.92%
• Current HPI: 302.9082
• Rent YoY: ▼ -5.12%
• 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

+1983.3% since first listed

20 events — show timeline

• 2026-05-26 Listed $300,000 FSBO.com
• 2015-10-16 Sold (MLS) $124,000 Stellar MLS as Distributed by MLS Grid
• 2015-09-08 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-09-04 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2015-04-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-01-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-12-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-28 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2014-05-28 Price Changed $71,700 Stellar MLS as Distributed by MLS Grid
• 2014-05-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-05-28 Price Changed $72,900 Stellar MLS as Distributed by MLS Grid
• 2014-05-28 Price Changed $67,900 Stellar MLS as Distributed by MLS Grid
• 2014-05-27 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2014-04-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-12-18 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2013-09-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-08-15 Listed $79,000 Stellar MLS as Distributed by MLS Grid
• 2001-03-09 Sold (Public Records) $50,000 Public Records
• 1989-02-17 Sold (Public Records) $14,400 Public Records

Property tax history

+2.8%/yr

Latest (2025): $883 · +6.8% YoY. Source: county tax records.