4114 Rhine St · Desoto Acres, FL 34234

$7,500

1 bd · 1.0 ba · 700 sqft · SingleFamily · 218 Days on market

Built 1967 1,700 sqft lot $11/sqft · 96% below area

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Surfboard Single, has been recently renovated to appeal to an artistic owner with a whimsical sense of visual and colorful amenities. The Winds of St. Armand's North, is a pet-friendly, 55+ Community located in Sarasota, Florida. Here you own the home but lease the land. You pay a monthly lot rent, which includes trash pickup, and you and your guests can enjoy the amenities of the community and trash and lawn service. The former front garden was replaced by a replica of a vintage 1960's VW Vanagan with solar headlights and "Skinny Wheels" from RNR Tires on Astroturf flooring as if backed into a parking space, complimented by a Clyde Beaty, Jr. authentic fiberglass surfboard to give the single a unique signature look. The VW Grill replaces a rusted-out trailer hitch that was used to back the unit on its foundation literally in the 1960's making it one of the original "Singles" in the Winds of St. Armand's North. This beautifully upgraded 1-bedroom, 1-bathroom single-unit home offers comfort, efficiency, and style. Recent enhancements include: New windows (4 in front, 1 on the driveway side) Sunburst security door with double deadbolt and doorknob locks TrafficMaster golden oak vinyl flooring (living, kitchen, dining) Artistick whitewashed wallpaper in the bedroom and living room, with new wall insulation, moldings, and Golden bathroom wallcovering complements storage on all three sides Freshly repainted 60-ft driveway with DryLok rustic grey non-slip paint and Robin Egg blue trim 30' x 15' enclosed lanai with Astroturf flooring, stacked washer/dryer, hot water heater, utility closet, and extra storage Upgraded kitchen with solid oak cabinets, 12 shelves, and a lazy Susan spice rack Local-access TV antenna with lead to the bedroom for streaming and free TV USPS-compliant mailbox installed at street level Solid roof and carport, unaffected by Hurricanes Helene and Milton Energy efficient-Sarasota Water Authority reports an average bill of just $80/month, peaking at $98 in January The home comes partially furnished, including a framed art collection, a matching futon, Sony color TV, and solid oak storage cabinet in the lanai-included with a full-price offer. Move-in ready with thoughtful upgrades throughout, this charming unit is a smart, stylish choice on Florida's beautiful Gulf Coast.

Key facts

• Upgraded kitchen
• New windows
• Enclosed lanai

Tags

• NEW WINDOWS
• SUNBURST SECURITY DOOR
• TRAFFICMASTER VINYL FLOORING
• ENCLOSED LANAI
• UPGRADED KITCHEN
• SOLID ROOF

🏷️ Possibly a rental listed for sale. The $7,500 price doesn't fit this home's estimated sale value (~$199,239) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $8k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $8k).
• Recommended offer: $7k (12.0% below list) — sets the bar for market timing.
• Cap rate 196.4% vs local median 4.0% in Desoto Acres — 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: area grade D — 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 falling (-3.1%/yr); 268 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($57k/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 $52 of loan paydown is wiped out by about $225 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 + 0.0% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 218 days — a 12% lower offer ($7k) 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $6,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 218 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 20.93% ✓
• Cap rate: 196.38%
• Cash-on-cash: 678.88%
• DSCR: 31.21
• GRM: 0.4

CMA / ARV

• ARV (median comp): $199,239
• List price: $7,500
• Delta: -96.24%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 34.27×
• Total profit: $69,876
• Equity at exit: $1,118

10-year hold

• IRR: —
• Equity multiple: 67.95×
• Total profit: $140,601
• Equity at exit: $648

Cash invested: $2,100 (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 34234

• Rents YoY: -3.1%
• Active inventory: 268
• Price-to-rent: 0.4×

Monthly cashflow live

• Estimated rent: $1,569 medium
• Mortgage (P&I): −$39
• Tax est. 1.5%: −$9 /mo · $112/yr
• Insurance: −$3
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $1,188

Break-even live

Break-even rent $66

Max offer price $7,500

Occupancy floor 19%

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: $1,875
• Closing costs: $225
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $7,500 Active 218 DOM
2. 2026-06-17
   days on market $7,500 Active 217 DOM
3. 2026-06-15
   days on market $7,500 Active 215 DOM
4. 2026-06-13
   days on market $7,500 Active 213 DOM
5. 2026-06-13
   days on market $7,500 Active 212 DOM
6. 2026-06-10
   days on market $7,500 Active 210 DOM
7. 2026-06-09
   days on market $7,500 Active 209 DOM
8. 2026-06-08
   days on market $7,500 Active 207 DOM
9. 2026-06-05
   days on market $7,500 Active 204 DOM
10. 2026-06-03
    days on market $7,500 Active 203 DOM
11. 2026-06-02
    days on market $7,500 Active 202 DOM
12. 2026-06-01
    days on market $7,500 Active 201 DOM
13. 2026-05-31
    days on market $7,500 Active 200 DOM
14. 2025-11-12
    listed $7,500 Active 2350-char remark

    Show marketing remark (2350 chars)

    The Surfboard Single, has been recently renovated to appeal to an artistic owner with a whimsical sense of visual and colorful amenities. The Winds of St. Armand's North, is a pet-friendly, 55+ Community located in Sarasota, Florida. Here you own the home but lease the land. You pay a monthly lot rent, which includes trash pickup, and you and your guests can enjoy the amenities of the community and trash and lawn service. The former front garden was replaced by a replica of a vintage 1960's VW Vanagan with solar headlights and "Skinny Wheels" from RNR Tires on Astroturf flooring as if backed into a parking space, complimented by a Clyde Beaty, Jr. authentic fiberglass surfboard to give the single a unique signature look. The VW Grill replaces a rusted-out trailer hitch that was used to back the unit on its foundation literally in the 1960's making it one of the original "Singles" in the Winds of St. Armand's North. This beautifully upgraded 1-bedroom, 1-bathroom single-unit home offers comfort, efficiency, and style. Recent enhancements include: New windows (4 in front, 1 on the driveway side) Sunburst security door with double deadbolt and doorknob locks TrafficMaster golden oak vinyl flooring (living, kitchen, dining) Artistick whitewashed wallpaper in the bedroom and living room, with new wall insulation, moldings, and Golden bathroom wallcovering complements storage on all three sides Freshly repainted 60-ft driveway with DryLok rustic grey non-slip paint and Robin Egg blue trim 30' x 15' enclosed lanai with Astroturf flooring, stacked washer/dryer, hot water heater, utility closet, and extra storage Upgraded kitchen with solid oak cabinets, 12 shelves, and a lazy Susan spice rack Local-access TV antenna with lead to the bedroom for streaming and free TV USPS-compliant mailbox installed at street level Solid roof and carport, unaffected by Hurricanes Helene and Milton Energy efficient-Sarasota Water Authority reports an average bill of just $80/month, peaking at $98 in January The home comes partially furnished, including a framed art collection, a matching futon, Sony color TV, and solid oak storage cabinet in the lanai-included with a full-price offer. Move-in ready with thoughtful upgrades throughout, this charming unit is a smart, stylish choice on Florida's beautiful Gulf Coast.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $18,834
• − Mortgage interest: −$420
• − Property taxes: −$112
• − Insurance: −$38
• − Repairs & maintenance: −$1,507
• − Management: −$1,507
• − Depreciation: −$218
• Taxable income: $15,032
• Est. tax owed @ 24.0%: −$3,608
• After-tax cash flow: $10,649/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 — Desoto Acres

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,986
• Household income: $57,288
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1306.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 44% Black 31% Hispanic / Latino 20% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 1% Cuban 6% Dominican 1%
• Common ancestry: Lithuanian 4% Hispanic 2% Romanian 1%
• Foreign-born: 17% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 17% French/Haitian/Cajun 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: ▼ -229.06%
• Current HPI: 305.6629
• Rent YoY: ▼ -3.15%
• 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

1 event — show timeline

• 2025-11-12 Listed $7,500 ForSaleByOwner.com