639 Michigan Ave · Englewood, FL 34223

$299,500

2 bd · 2.0 ba · 1,120 sqft · SingleFamily public records · 2 Days on market

Built 1983 0.34 ac lot $267/sqft · at area comps Est $294k · at est.

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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 +19.2/30.0
• ARV discount +6.6/15.0
• DSCR +6.0/10.0
• Schools +5.4/10.0
• 1% rule +4.9/10.0
• Rent growth +4.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nicely maintained 2-bedroom, 2-bathroom, single car garage home located in the Deer Creek neighborhood of Englewood. This 1,120 square foot home sits back on an over-sized shady lot with beautiful oak trees in the front. Imagine never having an electric bill again with the solar panels added to the home! Step inside your new home to view the spacious, bright interior with wood laminate flooring in living room and bedrooms. The kitchen was updated with granite counter tops, stainless steel appliances, breakfast bar, tile floor and is open to dinette area with sliders out to the lanai. Two nice sized bedrooms that will easily fit a king size bed have lots of closet space. Two bathrooms have been updated with walk-in tiled showers and matching vanities. Step out and relax and enjoy the peace and tranquility in your 28x10 screened in lanai area with tons of potential. Enjoy the fenced in shady backyard with open patio area, fruit trees that include peach, mango and lychee, and 12x16 storage shed for all your yard tools. Home also features Bahama shutters on front windows, single car garage along with a covered car port, new roof in 2019, water heater in 2021, A/C in 2015, plenty of parking for your boat. This location will not disappoint, you are minutes away from everything you need to enjoy your stay in Englewood, including beaches, public boat launch, marina, area restaurants, grocery store, several golf courses, sports complex and so much more.

Key facts

• Bamboo blinds
• Fully furnished
• Updated plumbing

Tags

• FULLY FURNISHED
• PAID-OFF SOLAR PANELS
• WHOLE HOUSE HUMIDIFIER
• INSULATED GARAGE DOOR
• BAMBOO BLINDS
• UPDATED PLUMBING

Property features AI

Finance

• Other: Directions: 776 to Selma Ave to Michigan Ave.
• Financial info: Furnished; No lease restrictions indicated
• HOA & community: Pets allowed

Exterior

• Parking: Attached garage (1 space); Carport (1 space)
• Security: Owned security system
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; High-speed/broadband internet available
• Home design: Single family residence; One level; Residential property facing east; Zoned RMF1
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with energy-efficient insulation; Solar energy generation
• Exterior features: Covered screened patio/porch; Private mailbox; Rain gutters; Shed(s); Cleared, landscaped and oversized lot; Bamboo and mature landscaping with oak trees

Interior

• Kitchen: Convection oven; Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Solar heating; Central air conditioning
• Interior features: Crown molding; Eat-in kitchen; Solid surface counters; Solid wood cabinets; Stone counters; Window treatments; Shutters
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/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 $296k (1.0% below list).
• Recommended offer: $296k (1.0% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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 (+9.0%/yr); 717 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• At $2,965/mo this rent would consume 47% of the median local household income ($76k/yr) (locally 290% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 20y 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.

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 $296,464 (1.0% 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 A-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. 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.
4. 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.
5. 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: 0.99% ✗
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 8.4

CMA / ARV

• ARV (median comp): $293,667
• List price: $299,500
• Delta: 1.99%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1550 Barbara Pl	0.72mi	2/2.0	1,168 (+4%)	4mo	$299,900	$257	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.85×
• Total profit: $-12,420
• Equity at exit: $44,656

10-year hold

• IRR: 10.8%
• Equity multiple: 2.04×
• Total profit: $86,861
• Equity at exit: $25,895

Cash invested: $83,860 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 717
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,965 high
• Mortgage (P&I): −$1,571
• Tax from tax record: −$326 /mo · $3,911/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$623
• Net cashflow: $321

Break-even live

Break-even rent $2,559

Max offer price $299,500

Occupancy floor 84%

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: $74,875
• Closing costs: $8,985
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 S Maryknoll Rd Englewood, FL	2.0	2.0	1063	$2,600	$2.45	21d	1	0.76mi
1401 S McCall Rd Unit 301A Englewood, FL	2.0	2.0	1093	$3,300	$3.02	21d	1	0.85mi
1575 Loralin Dr Englewood, FL	3.0	2.0	1322	$5,000	$3.78	21d	1	0.90mi
1435 New Point Comfort Rd Unit B Englewood, FL	1.0	1.0	744	$1,520	$2.04	21d	1	1.10mi
858 E 7th St Englewood, FL	3.0	2.0	1244	$1,995	$1.60	21d	1	1.11mi
1120 Lampp Dr Englewood, FL	3.0	2.0	1212	$4,000	$3.30	21d	1	1.35mi
1531 Placida Rd #204 Englewood, FL	2.0	2.0	1056	$3,500	$3.31	21d	1	1.39mi
1531 Placida Rd #203 Englewood, FL	2.0	2.0	1056	$3,900	$3.69	21d	1	1.39mi
5041 N Beach Rd Unit 3-A Englewood, FL	2.0	1.0	864	$3,000	$3.47	21d	1	1.39mi
5031 N Beach Rd #112 Englewood, FL	2.0	2.0	1035	$2,500	$2.42	13d	1	1.47mi

Listing history 14 events

1. 2026-05-16
   status Pending 1367-char remark
2. 2026-05-14
   listed $299,500 Active 1367-char remark
3. 2022-05-24
   soldstatus $340,000
4. 2022-05-20
   soldstatus $340,000 Closed 1468-char remark

   Show marketing remark (1468 chars)

   Nicely maintained 2-bedroom, 2-bathroom, single car garage home located in the Deer Creek neighborhood of Englewood. This 1,120 square foot home sits back on an over-sized shady lot with beautiful oak trees in the front. Imagine never having an electric bill again with the solar panels added to the home! Step inside your new home to view the spacious, bright interior with wood laminate flooring in living room and bedrooms. The kitchen was updated with granite counter tops, stainless steel appliances, breakfast bar, tile floor and is open to dinette area with sliders out to the lanai. Two nice sized bedrooms that will easily fit a king size bed have lots of closet space. Two bathrooms have been updated with walk-in tiled showers and matching vanities. Step out and relax and enjoy the peace and tranquility in your 28x10 screened in lanai area with tons of potential. Enjoy the fenced in shady backyard with open patio area, fruit trees that include peach, mango and lychee, and 12x16 storage shed for all your yard tools. Home also features Bahama shutters on front windows, single car garage along with a covered car port, new roof in 2019, water heater in 2021, A/C in 2015, plenty of parking for your boat. This location will not disappoint, you are minutes away from everything you need to enjoy your stay in Englewood, including beaches, public boat launch, marina, area restaurants, grocery store, several golf courses, sports complex and so much more.

5. 2022-04-20
   status Pending 1468-char remark

   Show marketing remark (1468 chars)

   Nicely maintained 2-bedroom, 2-bathroom, single car garage home located in the Deer Creek neighborhood of Englewood. This 1,120 square foot home sits back on an over-sized shady lot with beautiful oak trees in the front. Imagine never having an electric bill again with the solar panels added to the home! Step inside your new home to view the spacious, bright interior with wood laminate flooring in living room and bedrooms. The kitchen was updated with granite counter tops, stainless steel appliances, breakfast bar, tile floor and is open to dinette area with sliders out to the lanai. Two nice sized bedrooms that will easily fit a king size bed have lots of closet space. Two bathrooms have been updated with walk-in tiled showers and matching vanities. Step out and relax and enjoy the peace and tranquility in your 28x10 screened in lanai area with tons of potential. Enjoy the fenced in shady backyard with open patio area, fruit trees that include peach, mango and lychee, and 12x16 storage shed for all your yard tools. Home also features Bahama shutters on front windows, single car garage along with a covered car port, new roof in 2019, water heater in 2021, A/C in 2015, plenty of parking for your boat. This location will not disappoint, you are minutes away from everything you need to enjoy your stay in Englewood, including beaches, public boat launch, marina, area restaurants, grocery store, several golf courses, sports complex and so much more.

6. 2022-04-15
   listed $335,000 Active 1468-char remark

   Show marketing remark (1468 chars)

   Nicely maintained 2-bedroom, 2-bathroom, single car garage home located in the Deer Creek neighborhood of Englewood. This 1,120 square foot home sits back on an over-sized shady lot with beautiful oak trees in the front. Imagine never having an electric bill again with the solar panels added to the home! Step inside your new home to view the spacious, bright interior with wood laminate flooring in living room and bedrooms. The kitchen was updated with granite counter tops, stainless steel appliances, breakfast bar, tile floor and is open to dinette area with sliders out to the lanai. Two nice sized bedrooms that will easily fit a king size bed have lots of closet space. Two bathrooms have been updated with walk-in tiled showers and matching vanities. Step out and relax and enjoy the peace and tranquility in your 28x10 screened in lanai area with tons of potential. Enjoy the fenced in shady backyard with open patio area, fruit trees that include peach, mango and lychee, and 12x16 storage shed for all your yard tools. Home also features Bahama shutters on front windows, single car garage along with a covered car port, new roof in 2019, water heater in 2021, A/C in 2015, plenty of parking for your boat. This location will not disappoint, you are minutes away from everything you need to enjoy your stay in Englewood, including beaches, public boat launch, marina, area restaurants, grocery store, several golf courses, sports complex and so much more.

7. 2010-08-25
   soldstatus $60,000

   Show marketing remark (164 chars)

   Bank Owned. Solid Home in the Deer Creek Woods area. Close to downtown Englewood. Enjoy the large back yard. Sold As-Is with right to inspect. This is a MUST SEE!!!

8. 2010-05-18
   listed $60,000

   Show marketing remark (164 chars)

   Bank Owned. Solid Home in the Deer Creek Woods area. Close to downtown Englewood. Enjoy the large back yard. Sold As-Is with right to inspect. This is a MUST SEE!!!

9. 2007-11-08
   historical
10. 2007-10-31
    listed $124,900
11. 2006-10-30
    listed $189,000
12. 2005-09-06
    soldstatus $215,000
13. 2003-04-09
    soldstatus $82,000
14. 1984-03-01
    soldstatus $50,000

ⓘ 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: $3,911 · $326/mo
• Projected year-2 tax: $3,911 · $326/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 4/10 Moderate FEMA zone X (unshaded) · 17% 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: $35,576
• − Mortgage interest: −$16,777
• − Property taxes: −$3,911
• − Insurance: −$1,498
• − Repairs & maintenance: −$2,846
• − Management: −$2,846
• − Depreciation: −$8,713
• Taxable loss: −$1,014
• Est. tax savings @ 24.0%: +$243
• After-tax cash flow: $4,093/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% 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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+507.0% since first listed

16 events — show timeline

• 2026-06-01 Sold (Public Records) $303,500 Public Records
• 2026-05-29 Sold (MLS) $303,500 Stellar MLS as Distributed by MLS Grid
• 2026-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $299,500 Stellar MLS as Distributed by MLS Grid
• 2022-05-24 Sold (Public Records) $340,000 Public Records
• 2022-05-20 Sold (MLS) $340,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-04-15 Listed $335,000 Stellar MLS as Distributed by MLS Grid
• 2010-08-25 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2010-05-18 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-10-31 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-30 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-06 Sold (Public Records) $215,000 Public Records
• 2003-04-09 Sold (Public Records) $82,000 Public Records
• 1984-03-01 Sold (Public Records) $50,000 Public Records

Property tax history

+12.3%/yr

Latest (2025): $3,911 · -1.0% YoY. Source: county tax records.