3240 Taunton Ave · North Port, FL 34286

$185,900

3 bd · 2.5 ba · 2,248 sqft · SingleFamily public records · 25 Days on market

Built 2005 10,000 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. AGENTS - PLEASE VIEW REALTOR REMARKS IN THE MLS. Spacious 3-bedroom, 2.5-bath home with endless potential! This property offers a generous floor plan featuring large living areas, ample natural light, and a layout ideal for both everyday living and entertaining. The kitchen and bathrooms are ready for your personal touch, making this a perfect opportunity for buyers looking to customize and add value. All three bedrooms are well-sized, including a primary suite with en-suite bath and plenty of closet space. The additional half bath adds convenience for guests. Step outside to a large backyard with plenty of room for outdoor living, gardening, or even

Key facts

• local amenities
• Ample natural light
• Large backyard

Tags

• LARGE LIVING AREAS
• AMPLE NATURAL LIGHT
• LARGE BACKYARD
• OUTDOOR LIVING
• DINING
• LOCAL AMENITIES

Property features AI

Finance

• Other: No lease restrictions; Unfurnished
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Broadband/high-speed internet available; Electricity connected
• Home design: Single Family Residence; Residential property; Two-story home; Faces south; Homestead property
• Construction: Block, stucco and frame construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot
• Exterior features: Sliding doors; Asphalt paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; 9 total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $186k.

Deal economics

• At list price, monthly cash flow is $803 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $186k).
• Recommended offer: $183k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 3.6% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: Lamarque Elementary School (math 61% / reading 58%, grade B-, #690 of 2,144 statewide, top 34%, 1,073 students, 68% FRL); Woodland Middle School (math 57% / reading 57%, grade B, #164 of 571 statewide, top 30%, 978 students, 55% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 59% FRL vs 42% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 852 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 39% of the median local income ($81k/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 $1k of loan paydown is wiped out by about $6k 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 + 1.1% rent growth), your $52k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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.
• Current owner paid $140k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,111 (1.5% 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 B-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: 1.42% ✓
• Cap rate: 11.48%
• Cash-on-cash: 18.52%
• DSCR: 1.82
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: 8.1%
• Equity multiple: 1.31×
• Total profit: $16,175
• Equity at exit: $27,718

10-year hold

• IRR: 15.7%
• Equity multiple: 2.17×
• Total profit: $60,756
• Equity at exit: $16,073

Cash invested: $52,052 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 852
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,638 medium
• Mortgage (P&I): −$975
• Tax from tax record: −$229 /mo · $2,743/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $803

Break-even live

Break-even rent $1,621

Max offer price $185,900

Occupancy floor 65%

Sensitivity live

Price	-10% $908	-5% $856	+0% $803	+5% $751	+10% $698
Rent	-10% $595	-5% $699	+0% $803	+5% $907	+10% $1,012
Rate	-1.0pp $897	-0.5pp $851	base $803	+0.5pp $755	+1.0pp $706

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: $46,475
• Closing costs: $5,577
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3428 W Price Blvd North Port, FL	4.0	2.0	1858	$2,470	$1.33	16d	1	0.71mi
1450 Front Pl North Port, FL	1.0–3.0	1.0–2.5	1132	$2,635	$2.33	3d	15	1.49mi

Listing history 11 events

1. 2026-05-18
   status Pending 1172-char remark
2. 2026-04-23
   listed $185,900 Active 1172-char remark
3. 2020-11-10
   historical
4. 2020-10-29
   price $239,900
5. 2020-10-19
   price $249,900
6. 2020-10-19
   listed $2,499,000 Active
7. 2016-12-31
   historical
8. 2016-07-01
   listed $234,910 Active
9. 2014-03-04
   soldstatus $140,000
10. 2014-02-28
    soldstatus $140,000 Sold
11. 2013-05-09
    listed $169,900

ⓘ 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: $2,743 · $229/mo
• Projected year-2 tax: $2,743 · $229/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 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: $31,659
• − Mortgage interest: −$10,413
• − Property taxes: −$2,743
• − Insurance: −$930
• − Repairs & maintenance: −$2,533
• − Management: −$2,533
• − Depreciation: −$5,408
• Taxable income: $7,099
• Est. tax owed @ 24.0%: −$1,704
• After-tax cash flow: $7,935/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% 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: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• 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

+9.4% since first listed

11 events — show timeline

• 2026-05-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Listed $185,900 Stellar MLS as Distributed by MLS Grid
• 2020-11-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-10-29 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2020-10-19 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2020-10-19 Listed $2,499,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-07-01 Listed $234,910 Stellar MLS as Distributed by MLS Grid
• 2014-03-04 Sold (Public Records) $140,000 Public Records
• 2014-02-28 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-09 Listed $169,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.5%/yr

Latest (2025): $2,743 · +5.1% YoY. Source: county tax records.