Jasmine Plan · Palmer Ranch, FL 34241

$319,029

3 bd · 2.5 ba · 1,404 sqft · Townhouse · 180 Days on market

Good condition

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Why this score? — see what drove the C- 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 +20.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.4/10.0
• Schools +5.4/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

Key facts

• Garage
• Listed 180 days

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $319k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $420 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $319k).
• Recommended offer: $281k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — 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 soft (-0.1%/yr); 564 active listings in the ZIP; high-income renter base; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% of the median local income ($116k/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 $2k of loan paydown is wiped out by about $10k 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 180 days — a 12% lower offer ($281k) is reasonable based on typical stale-listing flexibility.

Recommended offer $280,745 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.04% ✓
• Cap rate: 7.87%
• Cash-on-cash: 5.64%
• DSCR: 1.25
• GRM: 8.0

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: -11.0%
• Equity multiple: 0.61×
• Total profit: $-34,653
• Equity at exit: $47,568

10-year hold

• IRR: -6.7%
• Equity multiple: 0.63×
• Total profit: $-33,177
• Equity at exit: $27,584

Cash invested: $89,328 (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 34241

• Rents YoY: -0.1%
• Active inventory: 564
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,322 medium
• Mortgage (P&I): −$1,673
• Tax est. 1.5%: −$399 /mo · $4,785/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$698
• Net cashflow: $420

Break-even live

Break-even rent $2,791

Max offer price $319,029

Occupancy floor 82%

Sensitivity live

Price	-10% $640	-5% $530	+0% $420	+5% $309	+10% $199
Rent	-10% $157	-5% $288	+0% $420	+5% $551	+10% $682
Rate	-1.0pp $580	-0.5pp $501	base $420	+0.5pp $337	+1.0pp $253

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: $79,757
• Closing costs: $9,571
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $319,029 Active 180 DOM
2. 2026-06-17
   days on market $319,029 Active 179 DOM
3. 2026-06-15
   days on market $319,029 Active 177 DOM
4. 2026-06-13
   days on market $319,029 Active 175 DOM
5. 2026-06-13
   pricedays on market $319,029 Active 174 DOM
6. 2026-06-10
   days on market $322,029 Active 172 DOM
7. 2026-06-09
   days on market $322,029 Active 171 DOM
8. 2026-06-08
   days on market $322,029 Active 169 DOM
9. 2026-06-05
   days on market $322,029 Active 166 DOM
10. 2026-06-03
    days on market $322,029 Active 165 DOM
11. 2026-06-02
    days on market $322,029 Active 164 DOM
12. 2026-06-01
    days on market $322,029 Active 163 DOM
13. 2026-05-31
    days on market $322,029 Active 162 DOM
14. 2026-05-17
    price $342,029 711-char remark

    Show marketing remark (711 chars)

    Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

15. 2026-05-01
    price $341,529 711-char remark

    Show marketing remark (711 chars)

    Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

16. 2026-03-29
    price $342,029 711-char remark

    Show marketing remark (711 chars)

    Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

17. 2026-01-31
    price $340,829 711-char remark

    Show marketing remark (711 chars)

    Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

18. 2025-12-20
    listed $340,889 Active 711-char remark

    Show marketing remark (711 chars)

    Explore the Jasmine townhome which offers approx. 1,404 square feet of living space, three bedrooms, two and a half baths, and a one car garage. Enter from the front porch into the heart of this charming townhome with its great room plan and open kitchen with large island that is perfect for entertaining and everyday meals. Sharing the first level are a half bath, one-car garage and large outdoor patio, while upstairs are two bedrooms with a full bath and a spacious primary suite with walk-in closet and double vanity bathroom. The laundry area is upstairs for added convenience. There is plenty of storage in this townhome with under stair storage, a large pantry, linen closet and three, bedroom closets.

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

Taxation est. · year 1

• Rental income: $39,864
• − Mortgage interest: −$17,871
• − Property taxes: −$4,785
• − Insurance: −$1,595
• − Repairs & maintenance: −$3,189
• − Management: −$3,189
• − Depreciation: −$9,281
• Taxable loss: −$46
• Est. tax savings @ 24.0%: +$11
• After-tax cash flow: $5,047/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

This Jasmine townhome in Palmer Ranch, FL, is in excellent condition with a good condition score of 80. It offers a modern kitchen, two and a half bathrooms, and a well-maintained exterior. The property is move-in ready and would benefit from minor updates to enhance its curb appeal and interior aesthetics.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can boost curb appeal and attract more potential buyers/tenants.
• Resale Kitchen appliances replacement — Modern appliances can make the kitchen more appealing to potential buyers.
• Resale Bathroom updates — Upgrading fixtures and finishes can increase the bathroom's value and appeal to buyers.
• Both HVAC system maintenance — A well-maintained HVAC system ensures comfort and energy efficiency, benefiting both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can boost curb appeal and attract more potential buyers/tenants. ↑
• Resale Kitchen appliances replacement — Modern appliances can make the kitchen more appealing to potential buyers. ↑
• Resale Bathroom updates — Upgrading fixtures and finishes can increase the bathroom's value and appeal to buyers. ↑
• Both HVAC system maintenance — A well-maintained HVAC system ensures comfort and energy efficiency, benefiting both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Palmer Ranch

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

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 22,808
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 16,408
• Household income: $116,412
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 69.0

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 (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Asian 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 7% Slovak 3% Scandinavian 2%
• Foreign-born: 10% · Canada, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -363.72%
• Current HPI: 278.3404
• Rent YoY: ▬ -0.05%
• 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

+0.3% since first listed

5 events — show timeline

• 2026-05-17 Price Changed $342,029 Zillow
• 2026-05-01 Price Changed $341,529 Zillow
• 2026-03-29 Price Changed $342,029 Zillow
• 2026-01-31 Price Changed $340,829 Zillow
• 2025-12-20 Listed $340,889 Zillow