476 Boxwood Dr · Venice Gardens, FL 34285

$80,000

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 204 Days on market

Built 1973 7,086 sqft lot $168/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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Sandalwood Park…. .located in the heart of Venice…. .is a very active 55+ neighborhood with tons of social gatherings, a pool, shuffleboard, putting green, bocce courts, horseshoes, library and onsite office. PET FRIENDLY…Maintenance free and LOW HOA FEES. Enjoy all Venice has to offer…. .beautiful sandy beaches, golf courses, historic downtown, the legacy trail, parks, wonderful restaurants and shopping. Welcome home to this charming 2 bedroom, 1 bath residence set on a lovely corner lot. Enjoy the sunny Florida room, perfect for morning coffee, and a spacious covered screened area ideal for outdoor living. A handy storage shed with laundry, new windows, new roof, and a carport with double driveway add comfort and convenience. This home offers easy living in a welcoming neighborhood. Perfect for year round or seasonal retreat. Schedule your private showing today.

Key facts

• Bocce courts
• Pool
• Putting green

Tags

• POOL
• SHUFFLEBOARD
• PUTTING GREEN
• BOCCE COURTS
• HORSESHOES
• LIBRARY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $715 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

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: schools D+, 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 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 32% 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 $553 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 204 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (20%) 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 204 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 1973 — 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 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?
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: 2.30% ✓
• Cap rate: 17.02%
• Cash-on-cash: 38.30%
• DSCR: 2.70
• GRM: 3.6

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: 40.8%
• Equity multiple: 2.89×
• Total profit: $42,446
• Equity at exit: $11,928

10-year hold

• IRR: 49.7%
• Equity multiple: 7.27×
• Total profit: $140,461
• Equity at exit: $6,917

Cash invested: $22,400 (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: 3.6×

Monthly cashflow live

• Estimated rent: $1,841 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$119 /mo · $1,424/yr
• Insurance: −$33
• HOA: −$168
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $715

Break-even live

Break-even rent $936

Max offer price $80,000

Occupancy floor 56%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $168 · $2,016/yr
• Likely covers: pool

Listing history 25 events

1. 2026-06-18
   days on market $80,000 Active 204 DOM
2. 2026-06-17
   days on market $80,000 Active 203 DOM
3. 2026-06-16
   days on market $80,000 Active 202 DOM
4. 2026-06-15
   days on market $80,000 Active 201 DOM
5. 2026-06-13
   days on market $80,000 Active 199 DOM
6. 2026-06-13
   days on market $80,000 Active 198 DOM
7. 2026-06-10
   days on market $80,000 Active 196 DOM
8. 2026-06-09
   days on market $80,000 Active 195 DOM
9. 2026-06-08
   pricedays on market $80,000 Active 193 DOM
10. 2026-06-05
    days on market $90,000 Active 190 DOM
11. 2026-06-03
    days on market $90,000 Active 189 DOM
12. 2026-06-02
    days on market $90,000 Active 188 DOM
13. 2026-06-01
    days on market $90,000 Active 187 DOM
14. 2026-05-31
    days on market $90,000 Active 186 DOM
15. 2026-04-16
    status Active 904-char remark

    Show marketing remark (904 chars)

    Sandalwood Park…. .located in the heart of Venice…. .is a very active 55+ neighborhood with tons of social gatherings, a pool, shuffleboard, putting green, bocce courts, horseshoes, library and onsite office. PET FRIENDLY…Maintenance free and LOW HOA FEES. Enjoy all Venice has to offer…. .beautiful sandy beaches, golf courses, historic downtown, the legacy trail, parks, wonderful restaurants and shopping. Welcome home to this charming 2 bedroom, 1 bath residence set on a lovely corner lot. Enjoy the sunny Florida room, perfect for morning coffee, and a spacious covered screened area ideal for outdoor living. A handy storage shed with laundry, new windows, new roof, and a carport with double driveway add comfort and convenience. This home offers easy living in a welcoming neighborhood. Perfect for year round or seasonal retreat. Schedule your private showing today.

16. 2026-04-14
    historical 904-char remark

    Show marketing remark (904 chars)

    Sandalwood Park…. .located in the heart of Venice…. .is a very active 55+ neighborhood with tons of social gatherings, a pool, shuffleboard, putting green, bocce courts, horseshoes, library and onsite office. PET FRIENDLY…Maintenance free and LOW HOA FEES. Enjoy all Venice has to offer…. .beautiful sandy beaches, golf courses, historic downtown, the legacy trail, parks, wonderful restaurants and shopping. Welcome home to this charming 2 bedroom, 1 bath residence set on a lovely corner lot. Enjoy the sunny Florida room, perfect for morning coffee, and a spacious covered screened area ideal for outdoor living. A handy storage shed with laundry, new windows, new roof, and a carport with double driveway add comfort and convenience. This home offers easy living in a welcoming neighborhood. Perfect for year round or seasonal retreat. Schedule your private showing today.

17. 2026-02-25
    price $90,000 904-char remark

    Show marketing remark (904 chars)

    Sandalwood Park…. .located in the heart of Venice…. .is a very active 55+ neighborhood with tons of social gatherings, a pool, shuffleboard, putting green, bocce courts, horseshoes, library and onsite office. PET FRIENDLY…Maintenance free and LOW HOA FEES. Enjoy all Venice has to offer…. .beautiful sandy beaches, golf courses, historic downtown, the legacy trail, parks, wonderful restaurants and shopping. Welcome home to this charming 2 bedroom, 1 bath residence set on a lovely corner lot. Enjoy the sunny Florida room, perfect for morning coffee, and a spacious covered screened area ideal for outdoor living. A handy storage shed with laundry, new windows, new roof, and a carport with double driveway add comfort and convenience. This home offers easy living in a welcoming neighborhood. Perfect for year round or seasonal retreat. Schedule your private showing today.

18. 2025-11-24
    listed $100,000 Active 904-char remark

    Show marketing remark (904 chars)

    Sandalwood Park…. .located in the heart of Venice…. .is a very active 55+ neighborhood with tons of social gatherings, a pool, shuffleboard, putting green, bocce courts, horseshoes, library and onsite office. PET FRIENDLY…Maintenance free and LOW HOA FEES. Enjoy all Venice has to offer…. .beautiful sandy beaches, golf courses, historic downtown, the legacy trail, parks, wonderful restaurants and shopping. Welcome home to this charming 2 bedroom, 1 bath residence set on a lovely corner lot. Enjoy the sunny Florida room, perfect for morning coffee, and a spacious covered screened area ideal for outdoor living. A handy storage shed with laundry, new windows, new roof, and a carport with double driveway add comfort and convenience. This home offers easy living in a welcoming neighborhood. Perfect for year round or seasonal retreat. Schedule your private showing today.

19. 2025-10-27
    historical
20. 2025-09-26
    price $115,000
21. 2025-07-25
    price $120,000
22. 2025-05-07
    price $122,000
23. 2025-01-27
    listed $125,000 Active
24. 2006-06-01
    soldstatus $78,000
25. 2004-05-13
    soldstatus $44,000

ⓘ 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: $1,424 · $119/mo
• Projected year-2 tax: $1,424 · $119/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 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $22,094
• − Mortgage interest: −$4,481
• − Property taxes: −$1,424
• − Insurance: −$400
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − HOA: −$2,016
• − Depreciation: −$2,327
• Taxable income: $7,910
• Est. tax owed @ 24.0%: −$1,898
• After-tax cash flow: $6,681/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

+104.5% since first listed

11 events — show timeline

• 2026-04-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-26 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-25 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Price Changed $122,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-27 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2006-06-01 Sold (Public Records) $78,000 Public Records
• 2004-05-13 Sold (Public Records) $44,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $1,424 · -0.7% YoY. Source: county tax records.