1800 Englewood Rd #24 · Englewood, FL 34223

$115,000

2 bd · 1.5 ba · 660 sqft · SingleFamily · 481 Days on market

Built 2006 Good condition 3,150 sqft lot $130/mo HOA · 6% of rent ↓ 11% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.8/5.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Start living the Florida lifestyle in your new home in the highly sought-after 55+ community of Oak Grove Cooperative. Fully Furnished and ready for you to move in and enjoy your piece of Paradise. Great location, near all the action at the clubhouse and pool, with trees and landscaping around, providing you privacy. There is a one-car carport with plenty of room for parking or makes a great living area during our year-round beautiful weather. Oak Grove is a Resident-Owned Cooperative Mobile Home & RV Park community. All homeowners in Oak Grove are members of the Cooperative and Shareholders in the Homeowners Association. Amenities include a heated/cooled pool with an expanded deck and new cage in 2024, recreation hall, lending library, laundry facilities, shuffleboard courts, billiards tables, butterfly garden, and dog walking area, just to name a few. Within Oak Grove the Acorn Organization sponsors many regular events including pancake breakfasts, holiday dinners, bingo, cards, crafts, exercise groups, and much more! Oak Grove is maintained by a full-time maintenance employee along with a group of park volunteers. Once you leave Oak Grove you are close to all that makes sunny Englewood, Florida your go-to place for vacation or fulfilling your retirement dreams. Close to Historic Downtown Englewood featuring shops, restaurants, entertainment, and local events including the Farmers Market, Art Shows, and more. And only a short trip to Manasota Beach! Also close to medical facilities and a short drive from the airports in Sarasota, Ft. Myers, Punta Gorda, Tampa, and Clearwater. Make your appointment today!

Key facts

• Shuffleboard courts
• Heated cooled pool
• Dog walking area

Tags

• HEATED COOLED POOL
• BUTTERFLY GARDEN
• DOG WALKING AREA
• SHUFFLEBOARD COURTS
• BILLIARDS TABLES
• RECREATION HALL

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $840 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% 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; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 35% of the median local income ($76k/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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 481 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.

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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 481 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. 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?
6. 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.
7. 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.
8. 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: 1.94% ✓
• Cap rate: 15.06%
• Cash-on-cash: 31.31%
• DSCR: 2.39
• GRM: 4.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 32.2%
• Equity multiple: 2.45×
• Total profit: $46,788
• Equity at exit: $17,147

10-year hold

• IRR: 42.1%
• Equity multiple: 6.09×
• Total profit: $163,830
• Equity at exit: $9,943

Cash invested: $32,200 (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: 4.3×

Monthly cashflow live

• Estimated rent: $2,234 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$130
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $840

Break-even live

Break-even rent $1,171

Max offer price $115,000

Occupancy floor 57%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $130 · $1,560/yr
• Likely covers: waterlandscapingpool

Listing history 16 events

1. 2026-06-18
   days on market $115,000 Active 481 DOM
2. 2026-06-17
   days on market $115,000 Active 480 DOM
3. 2026-06-15
   days on market $115,000 Active 478 DOM
4. 2026-06-13
   days on market $115,000 Active 476 DOM
5. 2026-06-13
   days on market $115,000 Active 475 DOM
6. 2026-06-10
   days on market $115,000 Active 473 DOM
7. 2026-06-09
   days on market $115,000 Active 472 DOM
8. 2026-06-08
   days on market $115,000 Active 470 DOM
9. 2026-06-05
   days on market $115,000 Active 467 DOM
10. 2026-06-03
    days on market $115,000 Active 466 DOM
11. 2026-06-02
    days on market $115,000 Active 465 DOM
12. 2026-06-01
    days on market $115,000 Active 464 DOM
13. 2026-05-31
    days on market $115,000 Active 463 DOM
14. 2026-02-25
    price $115,000 1640-char remark

    Show marketing remark (1640 chars)

    Start living the Florida lifestyle in your new home in the highly sought-after 55+ community of Oak Grove Cooperative. Fully Furnished and ready for you to move in and enjoy your piece of Paradise. Great location, near all the action at the clubhouse and pool, with trees and landscaping around, providing you privacy. There is a one-car carport with plenty of room for parking or makes a great living area during our year-round beautiful weather. Oak Grove is a Resident-Owned Cooperative Mobile Home & RV Park community. All homeowners in Oak Grove are members of the Cooperative and Shareholders in the Homeowners Association. Amenities include a heated/cooled pool with an expanded deck and new cage in 2024, recreation hall, lending library, laundry facilities, shuffleboard courts, billiards tables, butterfly garden, and dog walking area, just to name a few. Within Oak Grove the Acorn Organization sponsors many regular events including pancake breakfasts, holiday dinners, bingo, cards, crafts, exercise groups, and much more! Oak Grove is maintained by a full-time maintenance employee along with a group of park volunteers. Once you leave Oak Grove you are close to all that makes sunny Englewood, Florida your go-to place for vacation or fulfilling your retirement dreams. Close to Historic Downtown Englewood featuring shops, restaurants, entertainment, and local events including the Farmers Market, Art Shows, and more. And only a short trip to Manasota Beach! Also close to medical facilities and a short drive from the airports in Sarasota, Ft. Myers, Punta Gorda, Tampa, and Clearwater. Make your appointment today!

15. 2025-05-25
    price $125,999 1640-char remark

    Show marketing remark (1640 chars)

    Start living the Florida lifestyle in your new home in the highly sought-after 55+ community of Oak Grove Cooperative. Fully Furnished and ready for you to move in and enjoy your piece of Paradise. Great location, near all the action at the clubhouse and pool, with trees and landscaping around, providing you privacy. There is a one-car carport with plenty of room for parking or makes a great living area during our year-round beautiful weather. Oak Grove is a Resident-Owned Cooperative Mobile Home & RV Park community. All homeowners in Oak Grove are members of the Cooperative and Shareholders in the Homeowners Association. Amenities include a heated/cooled pool with an expanded deck and new cage in 2024, recreation hall, lending library, laundry facilities, shuffleboard courts, billiards tables, butterfly garden, and dog walking area, just to name a few. Within Oak Grove the Acorn Organization sponsors many regular events including pancake breakfasts, holiday dinners, bingo, cards, crafts, exercise groups, and much more! Oak Grove is maintained by a full-time maintenance employee along with a group of park volunteers. Once you leave Oak Grove you are close to all that makes sunny Englewood, Florida your go-to place for vacation or fulfilling your retirement dreams. Close to Historic Downtown Englewood featuring shops, restaurants, entertainment, and local events including the Farmers Market, Art Shows, and more. And only a short trip to Manasota Beach! Also close to medical facilities and a short drive from the airports in Sarasota, Ft. Myers, Punta Gorda, Tampa, and Clearwater. Make your appointment today!

16. 2025-02-22
    listed $129,900 Active 1640-char remark

    Show marketing remark (1640 chars)

    Start living the Florida lifestyle in your new home in the highly sought-after 55+ community of Oak Grove Cooperative. Fully Furnished and ready for you to move in and enjoy your piece of Paradise. Great location, near all the action at the clubhouse and pool, with trees and landscaping around, providing you privacy. There is a one-car carport with plenty of room for parking or makes a great living area during our year-round beautiful weather. Oak Grove is a Resident-Owned Cooperative Mobile Home & RV Park community. All homeowners in Oak Grove are members of the Cooperative and Shareholders in the Homeowners Association. Amenities include a heated/cooled pool with an expanded deck and new cage in 2024, recreation hall, lending library, laundry facilities, shuffleboard courts, billiards tables, butterfly garden, and dog walking area, just to name a few. Within Oak Grove the Acorn Organization sponsors many regular events including pancake breakfasts, holiday dinners, bingo, cards, crafts, exercise groups, and much more! Oak Grove is maintained by a full-time maintenance employee along with a group of park volunteers. Once you leave Oak Grove you are close to all that makes sunny Englewood, Florida your go-to place for vacation or fulfilling your retirement dreams. Close to Historic Downtown Englewood featuring shops, restaurants, entertainment, and local events including the Farmers Market, Art Shows, and more. And only a short trip to Manasota Beach! Also close to medical facilities and a short drive from the airports in Sarasota, Ft. Myers, Punta Gorda, Tampa, and Clearwater. Make your appointment today!

ⓘ 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 4/10 Moderate FEMA zone X (shaded) · 23% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,807
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$2,145
• − Management: −$2,145
• − HOA: −$1,560
• − Depreciation: −$3,345
• Taxable income: $8,871
• Est. tax owed @ 24.0%: −$2,129
• After-tax cash flow: $7,952/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

Good 75/100 Cosmetic rehab

This home is in good condition with cosmetic updates needed. It's move-in ready and located in a desirable community with amenities like a pool and clubhouse.

Repairs flagged

• Minor Deck — Some wear on the wooden deck

Value-add opportunities

• Both Painting the exterior and interior — Fresh paint enhances curb appeal and interior aesthetics.
• Resale Updating the kitchen cabinets and countertops — Modernizing the kitchen can attract more buyers.
• Rental Re-carpeting the living areas — Fresh carpeting can make the home more appealing to renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Deck · Some wear on the wooden deck	Minor	$500–3,000
Total estimated repair cost · 1 items		$500–3,000

Value-add ROI direction

• Both Painting the exterior and interior — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Resale Updating the kitchen cabinets and countertops — Modernizing the kitchen can attract more buyers. ↑
• Rental Re-carpeting the living areas — Fresh carpeting can make the home more appealing to renters. ↑

ⓘ 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 — 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

-11.5% since first listed

3 events — show timeline

• 2026-02-25 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-25 Price Changed $125,999 Stellar MLS as Distributed by MLS Grid
• 2025-02-22 Listed $129,900 Stellar MLS as Distributed by MLS Grid