3855 Lamarque Ave · North Port, FL 34286

$374,999

4 bd · 2.0 ba · 2,111 sqft · Land · 105 Days on market

Built 2026 10,000 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.5/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under Construction. New construction 4-bedroom, 2-bath home offering approximately 2,111 square feet of living space in North Port. This residence features a functional split-bedroom floor plan designed to provide separation between the primary suite and secondary bedrooms. Tile flooring extends throughout the home, offering durability and ease of maintenance. The kitchen is designed with solid-surface countertops and an open layout that connects to the main living area, supporting both everyday living and casual entertaining. Impact-resistant windows are installed throughout, contributing to storm protection and energy efficiency. The primary bedroom includes a private en-suite bathroom, and additional bedrooms provide flexibility for a variety of uses. Buyers may receive up to $5,000 in concessions, subject to builder terms and conditions. Conveniently located near shopping, dining, parks, and major roadways, this property offers access to a range of local amenities while maintaining a residential setting. Photos are of a similar model and may not represent the exact colors, finishes, or fixtures of this home.

Key facts

• Tile flooring
• 0.23 acre lot
• 2 garage spots

Tags

• SPLIT-BEDROOM FLOOR PLAN
• TILE FLOORING
• SOLID-SURFACE COUNTERTOPS
• IMPACT-RESISTANT WINDOWS
• PRIVATE EN-SUITE BATHROOM
• ACCESS TO LOCAL AMENITIES

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $375k.

Deal economics

• At list price, monthly cash flow is $-633 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $283k (24.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (33.9% below list).
• Recommended offer: $248k (33.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#252 in FL, #3,975 nationally) — 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.
• Market conditions: Rents rising (+1.1%/yr); 837 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 37% of the median local income ($81k/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 $3k of loan paydown is wiped out by about $11k 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 105 days — a 9% lower offer ($341k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $21k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $375k implies a 3161% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $247,935 (33.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.66% ✗
• Cap rate: 4.27%
• Cash-on-cash: -7.23%
• DSCR: 0.68
• GRM: 12.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -31.0%
• Equity multiple: -0.01×
• Total profit: $-105,639
• Equity at exit: $55,914

10-year hold

• IRR: -45.2%
• Equity multiple: -0.54×
• Total profit: $-161,929
• Equity at exit: $32,423

Cash invested: $105,000 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 837
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $2,479 medium
• Mortgage (P&I): −$1,967
• Tax est. 1.5%: −$469 /mo · $5,625/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $-633

Break-even live

Break-even rent $3,280

Max offer price $283,425

Occupancy floor —

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $374,999 Active 105 DOM
2. 2026-06-17
   days on market $374,999 Active 104 DOM
3. 2026-06-16
   days on market $374,999 Active 103 DOM
4. 2026-06-15
   days on market $374,999 Active 102 DOM
5. 2026-06-13
   days on market $374,999 Active 100 DOM
6. 2026-06-13
   days on market $374,999 Active 99 DOM
7. 2026-06-10
   days on market $374,999 Active 97 DOM
8. 2026-06-09
   days on market $374,999 Active 96 DOM
9. 2026-06-08
   days on market $374,999 Active 95 DOM
10. 2026-06-08
    days on market $374,999 Active 94 DOM
11. 2026-06-05
    pricedays on market $374,999 Active 91 DOM
12. 2026-06-03
    days on market $379,999 Active 90 DOM
13. 2026-06-02
    days on market $379,999 Active 89 DOM
14. 2026-06-01
    days on market $379,999 Active 88 DOM
15. 2026-05-31
    days on market $379,999 Active 87 DOM
16. 2026-05-14
    price $379,999 1129-char remark

    Show marketing remark (1129 chars)

    Under Construction. New construction 4-bedroom, 2-bath home offering approximately 2,111 square feet of living space in North Port. This residence features a functional split-bedroom floor plan designed to provide separation between the primary suite and secondary bedrooms. Tile flooring extends throughout the home, offering durability and ease of maintenance. The kitchen is designed with solid-surface countertops and an open layout that connects to the main living area, supporting both everyday living and casual entertaining. Impact-resistant windows are installed throughout, contributing to storm protection and energy efficiency. The primary bedroom includes a private en-suite bathroom, and additional bedrooms provide flexibility for a variety of uses. Buyers may receive up to $5,000 in concessions, subject to builder terms and conditions. Conveniently located near shopping, dining, parks, and major roadways, this property offers access to a range of local amenities while maintaining a residential setting. Photos are of a similar model and may not represent the exact colors, finishes, or fixtures of this home.

17. 2026-04-23
    price $384,999 1129-char remark

    Show marketing remark (1129 chars)

    Under Construction. New construction 4-bedroom, 2-bath home offering approximately 2,111 square feet of living space in North Port. This residence features a functional split-bedroom floor plan designed to provide separation between the primary suite and secondary bedrooms. Tile flooring extends throughout the home, offering durability and ease of maintenance. The kitchen is designed with solid-surface countertops and an open layout that connects to the main living area, supporting both everyday living and casual entertaining. Impact-resistant windows are installed throughout, contributing to storm protection and energy efficiency. The primary bedroom includes a private en-suite bathroom, and additional bedrooms provide flexibility for a variety of uses. Buyers may receive up to $5,000 in concessions, subject to builder terms and conditions. Conveniently located near shopping, dining, parks, and major roadways, this property offers access to a range of local amenities while maintaining a residential setting. Photos are of a similar model and may not represent the exact colors, finishes, or fixtures of this home.

18. 2026-03-05
    listed $395,999 Active 1129-char remark

    Show marketing remark (1129 chars)

    Under Construction. New construction 4-bedroom, 2-bath home offering approximately 2,111 square feet of living space in North Port. This residence features a functional split-bedroom floor plan designed to provide separation between the primary suite and secondary bedrooms. Tile flooring extends throughout the home, offering durability and ease of maintenance. The kitchen is designed with solid-surface countertops and an open layout that connects to the main living area, supporting both everyday living and casual entertaining. Impact-resistant windows are installed throughout, contributing to storm protection and energy efficiency. The primary bedroom includes a private en-suite bathroom, and additional bedrooms provide flexibility for a variety of uses. Buyers may receive up to $5,000 in concessions, subject to builder terms and conditions. Conveniently located near shopping, dining, parks, and major roadways, this property offers access to a range of local amenities while maintaining a residential setting. Photos are of a similar model and may not represent the exact colors, finishes, or fixtures of this home.

19. 2020-12-15
    soldstatus $11,500
20. 2006-09-27
    listed $24,900
21. 2006-09-27
    listed $24,900
22. 2006-03-21
    listed $34,900
23. 2006-03-21
    listed $34,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $29,752
• − Mortgage interest: −$21,006
• − Property taxes: −$5,625
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,380
• − Management: −$2,380
• − Depreciation: −$10,909
• Taxable loss: −$14,423
• Est. tax savings @ 24.0%: +$3,462
• After-tax cash flow: $-4,133/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• 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

+988.8% since first listed

8 events — show timeline

• 2026-05-14 Price Changed $379,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $384,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Listed $395,999 Stellar MLS as Distributed by MLS Grid
• 2020-12-15 Sold (Public Records) $11,500 Public Records
• 2006-09-27 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2006-09-27 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-21 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-21 Listed $34,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2025): $705 · +14.1% YoY. Source: county tax records.