10620 Orbit Ter · Palmer Ranch, FL 34241

$274,759

2 bd · 2.5 ba · 1,187 sqft · Townhouse · 128 Days on market

Built 2026 Excellent condition $172/mo HOA · 6% of rent ↓ 4% since listing

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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 +17.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• DSCR +5.4/10.0
• Schools +5.4/10.0
• Condition / age +5.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Ivy at 10620 Orbit Terrace in the Towns at Skye Ranch. This thoughtfully designed townhome offers comfortable living space with two bedrooms and two and a half bathrooms. Designed to maximize every inch, the Ivy includes sought after features and smart storage throughout. Step inside the foyer to find the kitchen at the front of the home, complete with a spacious pantry and a convenient half bathroom nearby. Continue into the open dining area and great room, creating an easy flow for everyday living. Just off the great room, enjoy your private outdoor patio, perfect for relaxing or entertaining. Upstairs, the primary suite provides a quiet retreat, while the second floor also includes an additional bedroom, a full bathroom, and a conveniently located laundry area. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: upgraded tile in living areas, upgraded grey cabinets and quartz countertops, upgraded shaw carpet on the 2nd floor, and 2" faux wood blinds. Photos are for representative purposes only.

Key facts

• First floor living
• Close to park
• Close to amenities

Tags

• CLOSE TO PARK
• CLOSE TO AMENITIES
• FIRST FLOOR LIVING
• PRIVATE OUTDOOR PATIO
• MASTER PLANNED COMMUNITY
• QUALITY CRAFTSMANSHIP

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath townhouse listed at $275k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $242k (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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 128 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $241,787 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 1.05% ✓
• Cap rate: 7.18%
• Cash-on-cash: 3.17%
• DSCR: 1.14
• 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: -15.0%
• Equity multiple: 0.48×
• Total profit: $-39,876
• Equity at exit: $40,967

10-year hold

• IRR: -13.0%
• Equity multiple: 0.35×
• Total profit: $-50,063
• Equity at exit: $23,756

Cash invested: $76,933 (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: $2,878 medium
• Mortgage (P&I): −$1,441
• Tax est. 1.5%: −$343 /mo · $4,121/yr
• Insurance: −$114
• HOA: −$172
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $203

Break-even live

Break-even rent $2,621

Max offer price $274,759

Occupancy floor 88%

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: $68,690
• Closing costs: $8,243
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $172 · $2,064/yr
• Likely covers: security

Listing history 14 events

1. 2026-06-13
   statusdays on market $274,759 Pending 128 DOM
2. 2026-06-10
   days on market $274,759 Active 127 DOM
3. 2026-06-09
   days on market $274,759 Active 126 DOM
4. 2026-06-08
   days on market $274,759 Active 125 DOM
5. 2026-06-08
   days on market $274,759 Active 124 DOM
6. 2026-06-05
   days on market $274,759 Active 121 DOM
7. 2026-06-03
   days on market $274,759 Active 120 DOM
8. 2026-06-02
   days on market $274,759 Active 119 DOM
9. 2026-06-01
   days on market $274,759 Active 118 DOM
10. 2026-05-31
    days on market $274,759 Active 117 DOM
11. 2026-05-09
    price $274,259 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to the Ivy at 10620 Orbit Terrace in the Towns at Skye Ranch. This thoughtfully designed townhome offers comfortable living space with two bedrooms and two and a half bathrooms. Designed to maximize every inch, the Ivy includes sought after features and smart storage throughout. Step inside the foyer to find the kitchen at the front of the home, complete with a spacious pantry and a convenient half bathroom nearby. Continue into the open dining area and great room, creating an easy flow for everyday living. Just off the great room, enjoy your private outdoor patio, perfect for relaxing or entertaining. Upstairs, the primary suite provides a quiet retreat, while the second floor also includes an additional bedroom, a full bathroom, and a conveniently located laundry area. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: upgraded tile in living areas, upgraded grey cabinets and quartz countertops, upgraded shaw carpet on the 2nd floor, and 2" faux wood blinds. Photos are for representative purposes only.

12. 2026-02-03
    price $274,759 1361-char remark

    Show marketing remark (1575 chars)

    Under Construction. What's Special: Close to Park | Close to Amenities | Convenient First Floor Living | Popular Plan. New Construction - June Completion! Built by America's Most Trusted Home Builder. Welcome to the Ivy at 10620 Orbit Terrace in the Towns at Skye Ranch. This thoughtfully designed townhome offers comfortable living space with two bedrooms and two and a half bathrooms. Designed to maximize every inch, the Ivy includes sought after features and smart storage throughout. Step inside the foyer to find the kitchen at the front of the home, complete with a spacious pantry and a convenient half bathroom nearby. Continue into the open dining area and great room, creating an easy flow for everyday living. Just off the great room, enjoy your private outdoor patio, perfect for relaxing or entertaining. Upstairs, the primary suite provides a quiet retreat, while the second floor also includes an additional bedroom, a full bathroom, and a conveniently located laundry area. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: upgraded tile in living areas, upgraded grey cabinets and quartz countertops, upgraded Shaw carpet on the 2nd floor, and 2" faux wood blinds. Photos are for representative purposes only. MLS#A4681078

13. 2026-02-03
    listed $274,759 Active 1575-char remark

    Show marketing remark (1575 chars)

    Under Construction. What's Special: Close to Park | Close to Amenities | Convenient First Floor Living | Popular Plan. New Construction - June Completion! Built by America's Most Trusted Home Builder. Welcome to the Ivy at 10620 Orbit Terrace in the Towns at Skye Ranch. This thoughtfully designed townhome offers comfortable living space with two bedrooms and two and a half bathrooms. Designed to maximize every inch, the Ivy includes sought after features and smart storage throughout. Step inside the foyer to find the kitchen at the front of the home, complete with a spacious pantry and a convenient half bathroom nearby. Continue into the open dining area and great room, creating an easy flow for everyday living. Just off the great room, enjoy your private outdoor patio, perfect for relaxing or entertaining. Upstairs, the primary suite provides a quiet retreat, while the second floor also includes an additional bedroom, a full bathroom, and a conveniently located laundry area. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: upgraded tile in living areas, upgraded grey cabinets and quartz countertops, upgraded Shaw carpet on the 2nd floor, and 2" faux wood blinds. Photos are for representative purposes only. MLS#A4681078

14. 2026-01-31
    listed $284,259 Active 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to the Ivy at 10620 Orbit Terrace in the Towns at Skye Ranch. This thoughtfully designed townhome offers comfortable living space with two bedrooms and two and a half bathrooms. Designed to maximize every inch, the Ivy includes sought after features and smart storage throughout. Step inside the foyer to find the kitchen at the front of the home, complete with a spacious pantry and a convenient half bathroom nearby. Continue into the open dining area and great room, creating an easy flow for everyday living. Just off the great room, enjoy your private outdoor patio, perfect for relaxing or entertaining. Upstairs, the primary suite provides a quiet retreat, while the second floor also includes an additional bedroom, a full bathroom, and a conveniently located laundry area. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: upgraded tile in living areas, upgraded grey cabinets and quartz countertops, upgraded shaw carpet on the 2nd floor, and 2" faux wood blinds. Photos are for representative purposes only.

ⓘ 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: $34,540
• − Mortgage interest: −$15,391
• − Property taxes: −$4,121
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,763
• − Management: −$2,763
• − HOA: −$2,064
• − Depreciation: −$7,993
• Taxable loss: −$1,930
• Est. tax savings @ 24.0%: +$463
• After-tax cash flow: $2,900/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 · 3 photos

Excellent 100/100 None rehab

This newly constructed townhouse is move-in ready with no visible signs of wear or damage. It offers a comfortable living space with two bedrooms and two and a half bathrooms, making it ideal for both resale and rental.

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

-3.5% since first listed

4 events — show timeline

• 2026-05-09 Price Changed $274,259 Zillow
• 2026-02-03 Price Changed $274,759 Zillow
• 2026-02-03 Listed $274,759 Stellar MLS as Distributed by MLS Grid
• 2026-01-31 Listed $284,259 Zillow