10616 Orbit Ter · Palmer Ranch, FL 34241

$274,759

2 bd · 2.5 ba · 1,219 sqft · Townhouse · 138 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 +17.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• DSCR +5.5/10.0
• Schools +5.4/10.0
• Condition / age +4.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Ivy at 10616 Orbit Terrace in The Towns at Skye Ranch! Designed for comfortable everyday living, the Ivy invites you in with a sweet foyer that leads into a thoughtfully placed kitchen featuring a spacious pantry and a convenient half bath. The dining area opens gently into a cozy great room, creating a bright gathering space. Just beyond, an outdoor lanai offers a lovely spot to enjoy fresh air and quiet moments. Upstairs, the serene primary suite feels like a private retreat with its calming bath. This floor also includes a handy laundry area, a tech space, and an additional bedroom with its own ensuite bath. Set within the gated Skye Ranch master-planned community, these modern townhomes offer a peaceful way of living in the heart of Sarasota. Enjoy beautifully preserved surroundings with grand oaks, lush palms, forested wetlands, and sparkling lakes. With nearby trails and countless opportunities to explore, this community invites you to experience life at a gentle, welcoming pace. Additional Highlights Include: Whole house blinds, upgraded tile on 1st floor, upgraded carpet on 2nd floor, upgraded cabinets in kitchen/bath, and quartz countertops. Photos are for representative purposes only. MLS#A4681038

Key facts

• No rear neighbors
• Serene primary suite
• Backs to park

Tags

• NO REAR NEIGHBORS
• BACKS TO PARK
• CLOSE TO TRAILS
• CONVENIENT FIRST FLOOR LIVING
• OUTDOOR LANAI
• SERENE PRIMARY SUITE

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 $214 ($3k/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.
• Zoned schools: Lakeview Elementary School (math 73% / reading 74%, grade A, #260 of 2,144 statewide, top 13%, 691 students, 29% FRL); Sarasota Middle School (math 82% / reading 78%, grade A+, #21 of 571 statewide, top 4%, 1,278 students, 26% FRL); Riverview High School (math 61% / reading 65%, grade B-, #89 of 667 statewide, top 14%, 2,597 students, 35% FRL).
• Market conditions: Rents soft (-0.1%/yr); 566 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 138 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 138 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: 7.23%
• Cash-on-cash: 3.33%
• DSCR: 1.15
• GRM: 7.9

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: -14.7%
• Equity multiple: 0.49×
• Total profit: $-39,239
• Equity at exit: $40,967

10-year hold

• IRR: -12.6%
• Equity multiple: 0.37×
• Total profit: $-48,789
• 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: 566
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,892 medium
• Mortgage (P&I): −$1,441
• Tax est. 1.5%: −$343 /mo · $4,121/yr
• Insurance: −$114
• HOA: −$172
• Vacancy / Maint / Mgmt: −$607
• Net cashflow: $214

Break-even live

Break-even rent $2,621

Max offer price $274,759

Occupancy floor 88%

Sensitivity live

Price	-10% $404	-5% $309	+0% $214	+5% $119	+10% $24
Rent	-10% $-15	-5% $99	+0% $214	+5% $328	+10% $442
Rate	-1.0pp $352	-0.5pp $284	base $214	+0.5pp $142	+1.0pp $70

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 19 events

1. 2026-06-21
   days on market $274,759 Active 138 DOM
2. 2026-06-18
   days on market $274,759 Active 135 DOM
3. 2026-06-17
   days on market $274,759 Active 134 DOM
4. 2026-06-16
   days on market $274,759 Active 133 DOM
5. 2026-06-15
   days on market $274,759 Active 132 DOM
6. 2026-06-13
   days on market $274,759 Active 130 DOM
7. 2026-06-13
   days on market $274,759 Active 129 DOM
8. 2026-06-10
   days on market $274,759 Active 127 DOM
9. 2026-06-09
   days on market $274,759 Active 126 DOM
10. 2026-06-08
    days on market $274,759 Active 125 DOM
11. 2026-06-08
    days on market $274,759 Active 124 DOM
12. 2026-06-05
    days on market $274,759 Active 121 DOM
13. 2026-06-03
    days on market $274,759 Active 120 DOM
14. 2026-06-02
    days on market $274,759 Active 119 DOM
15. 2026-06-01
    days on market $274,759 Active 118 DOM
16. 2026-05-31
    days on market $274,759 Active 117 DOM
17. 2026-02-03
    price $274,759 1241-char remark

    Show marketing remark (1459 chars)

    Under Construction. What's Special: No Rear Neighbors | Backs to Park | Close to Trails | Popular Plan | Convenient First Floor Living. New Construction - June Completion! Built by America's Most Trusted Home Builder. Welcome to the Ivy at 10616 Orbit Terrace in The Towns at Skye Ranch! Designed for comfortable everyday living, the Ivy invites you in with a sweet foyer that leads into a thoughtfully placed kitchen featuring a spacious pantry and a convenient half bath. The dining area opens gently into a cozy great room, creating a bright gathering space. Just beyond, an outdoor lanai offers a lovely spot to enjoy fresh air and quiet moments. Upstairs, the serene primary suite feels like a private retreat with its calming bath. This floor also includes a handy laundry area, a tech space, and an additional bedroom with its own ensuite bath. Set within the gated Skye Ranch master-planned community, these modern townhomes offer a peaceful way of living in the heart of Sarasota. Enjoy beautifully preserved surroundings with grand oaks, lush palms, forested wetlands, and sparkling lakes. With nearby trails and countless opportunities to explore, this community invites you to experience life at a gentle, welcoming pace. Additional Highlights Include: Whole house blinds, upgraded tile on 1st floor, upgraded carpet on 2nd floor, upgraded cabinets in kitchen/bath, and quartz countertops. Photos are for representative purposes only. MLS#A4681038

18. 2026-02-03
    listed $274,759 Active 1459-char remark

    Show marketing remark (1459 chars)

    Under Construction. What's Special: No Rear Neighbors | Backs to Park | Close to Trails | Popular Plan | Convenient First Floor Living. New Construction - June Completion! Built by America's Most Trusted Home Builder. Welcome to the Ivy at 10616 Orbit Terrace in The Towns at Skye Ranch! Designed for comfortable everyday living, the Ivy invites you in with a sweet foyer that leads into a thoughtfully placed kitchen featuring a spacious pantry and a convenient half bath. The dining area opens gently into a cozy great room, creating a bright gathering space. Just beyond, an outdoor lanai offers a lovely spot to enjoy fresh air and quiet moments. Upstairs, the serene primary suite feels like a private retreat with its calming bath. This floor also includes a handy laundry area, a tech space, and an additional bedroom with its own ensuite bath. Set within the gated Skye Ranch master-planned community, these modern townhomes offer a peaceful way of living in the heart of Sarasota. Enjoy beautifully preserved surroundings with grand oaks, lush palms, forested wetlands, and sparkling lakes. With nearby trails and countless opportunities to explore, this community invites you to experience life at a gentle, welcoming pace. Additional Highlights Include: Whole house blinds, upgraded tile on 1st floor, upgraded carpet on 2nd floor, upgraded cabinets in kitchen/bath, and quartz countertops. Photos are for representative purposes only. MLS#A4681038

19. 2026-01-31
    listed $284,759 Active 1241-char remark

    Show marketing remark (1241 chars)

    Welcome to the Ivy at 10616 Orbit Terrace in The Towns at Skye Ranch! Designed for comfortable everyday living, the Ivy invites you in with a sweet foyer that leads into a thoughtfully placed kitchen featuring a spacious pantry and a convenient half bath. The dining area opens gently into a cozy great room, creating a bright gathering space. Just beyond, an outdoor lanai offers a lovely spot to enjoy fresh air and quiet moments. Upstairs, the serene primary suite feels like a private retreat with its calming bath. This floor also includes a handy laundry area, a tech space, and an additional bedroom with its own ensuite bath. Set within the gated Skye Ranch master-planned community, these modern townhomes offer a peaceful way of living in the heart of Sarasota. Enjoy beautifully preserved surroundings with grand oaks, lush palms, forested wetlands, and sparkling lakes. With nearby trails and countless opportunities to explore, this community invites you to experience life at a gentle, welcoming pace. Additional Highlights Include: Whole house blinds, upgraded tile on 1st floor, upgraded carpet on 2nd floor, upgraded cabinets in kitchen/bath, and quartz countertops. Photos are for representative purposes only. MLS#A4681038

ⓘ 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: $34,701
• − Mortgage interest: −$15,391
• − Property taxes: −$4,121
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,776
• − Management: −$2,776
• − HOA: −$2,064
• − Depreciation: −$7,993
• Taxable loss: −$1,794
• Est. tax savings @ 24.0%: +$431
• After-tax cash flow: $2,995/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 · 12 photos

Excellent 95/100 None rehab

This townhouse is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and offers a great value for both resale and rental markets.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value to the property.
• Both Painting exterior trim — Freshens up the exterior and improves curb appeal.
• Both Landscaping around the front door — Enhances the first impression and adds value to the property.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
• Both Painting exterior trim — Freshens up the exterior and improves curb appeal. ↑
• Both Landscaping around the front door — Enhances the first impression and adds value to the property. ↑

ⓘ 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

-3.5% since first listed

3 events — show timeline

• 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 $284,759 Zillow