2259 Palazza Dr #78 · Palmer Ranch, FL 34238

$149,900

2 bd · 2.0 ba · 960 sqft · Manufactured · 131 Days on market

Built 1974 Good condition 3,547 sqft lot $190/mo HOA · 10% of rent ↓ 2% 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 +21.4/30.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• DSCR +6.8/10.0
• Schools +5.4/10.0
• Appreciation +4.7/10.0
• Condition / age +3.8/5.0
• Livability +2.5/5.0
• Rent growth +0.5/5.0

Listing remarks MLS

New Price! This beautifully updated two-bedroom, two-bathroom home, located in the heart of the Venetian Park Estates Mobile Home Community, is move-in ready. The charming décor and open floor plan are perfect for entertaining or relaxing at home. The home is fully furnished, providing everything needed for easy Florida living. Both spacious bedrooms feature private, updated bathrooms. Venetian Park Estates is an active, over-55 community, offering amenities such as a heated pool, relaxing spa, and shuffleboard. The clubhouse features many activities, including Bingo, Trivia, Game Night, Cards and Coffee Socials.

Key facts

• Relaxing spa
• Updated home
• Move in ready

Tags

• UPDATED HOME
• MOVE IN READY
• FULLY FURNISHED
• PRIVATE UPDATED BATHROOMS
• HEATED POOL
• RELAXING SPA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (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 falling (-8.2%/yr); 488 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• In year one you build about $199 of equity ($1k loan paydown + $-837 appreciation (-0.6% local appreciation)).
• 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 131 days — a 12% lower offer ($132k) 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 5→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.22% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.31%
• DSCR: 1.28
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.56% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 0.3%
• Equity multiple: 1.01×
• Total profit: $571
• Equity at exit: $39,389

10-year hold

• IRR: 3.6%
• Equity multiple: 1.33×
• Total profit: $13,837
• Equity at exit: $44,160

Cash invested: $41,972 (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 34238

• Home prices YoY: -0.2%
• Rents YoY: -8.2%
• Active inventory: 488
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,831 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$190
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $221

Break-even live

Break-even rent $1,552

Max offer price $149,900

Occupancy floor 83%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $190 · $2,280/yr
• Likely covers: pool

Listing history 9 events

1. 2026-06-08
   statusdays on market $149,900 Pending 131 DOM
2. 2026-06-08
   days on market $149,900 Active 130 DOM
3. 2026-06-05
   days on market $149,900 Active 127 DOM
4. 2026-06-03
   days on market $149,900 Active 126 DOM
5. 2026-06-02
   days on market $149,900 Active 125 DOM
6. 2026-06-01
   days on market $149,900 Active 124 DOM
7. 2026-05-31
   days on market $149,900 Active 123 DOM
8. 2026-02-16
   price $149,900 627-char remark

   Show marketing remark (627 chars)

   New Price! This beautifully updated two-bedroom, two-bathroom home, located in the heart of the Venetian Park Estates Mobile Home Community, is move-in ready. The charming décor and open floor plan are perfect for entertaining or relaxing at home. The home is fully furnished, providing everything needed for easy Florida living. Both spacious bedrooms feature private, updated bathrooms. Venetian Park Estates is an active, over-55 community, offering amenities such as a heated pool, relaxing spa, and shuffleboard. The clubhouse features many activities, including Bingo, Trivia, Game Night, Cards and Coffee Socials.

9. 2026-01-28
   listed $152,500 Active 627-char remark

   Show marketing remark (627 chars)

   New Price! This beautifully updated two-bedroom, two-bathroom home, located in the heart of the Venetian Park Estates Mobile Home Community, is move-in ready. The charming décor and open floor plan are perfect for entertaining or relaxing at home. The home is fully furnished, providing everything needed for easy Florida living. Both spacious bedrooms feature private, updated bathrooms. Venetian Park Estates is an active, over-55 community, offering amenities such as a heated pool, relaxing spa, and shuffleboard. The clubhouse features many activities, including Bingo, Trivia, Game Night, Cards and Coffee Socials.

ⓘ 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 (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 5 d/yr ≥107°F today · 21 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: $21,977
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,758
• − Management: −$1,758
• − HOA: −$2,280
• − Depreciation: −$4,361
• Taxable income: $425
• Est. tax owed @ 24.0%: −$102
• After-tax cash flow: $2,548/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 move-in ready manufactured home in the Venetian Park Estates Mobile Home Community is in good condition with some cosmetic updates needed to maximize its value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate kitchen countertops — dated and in need of replacement
• Moderate kitchen appliances — dated and in need of replacement

Value-add opportunities

• Resale paint interior walls — fresh paint can make a significant difference in the home's appearance
• Resale replace kitchen cabinets and countertops — new cabinets and countertops can significantly improve the home's value
• Resale replace kitchen appliances — new appliances can make the home more appealing to potential buyers
• Both landscaping and curb appeal — improved landscaping and curb appeal can make the home more attractive and increase its value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
kitchen countertops · dated and in need of replacement	Moderate	$3,000–15,000
kitchen appliances · dated and in need of replacement	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale paint interior walls — fresh paint can make a significant difference in the home's appearance ↑
• Resale replace kitchen cabinets and countertops — new cabinets and countertops can significantly improve the home's value ↑
• Resale replace kitchen appliances — new appliances can make the home more appealing to potential buyers ↑
• Both landscaping and curb appeal — improved landscaping and curb appeal can make the home more attractive and increase its value ↑

ⓘ 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): 23,821
• Household income: $97,926
• Rent vs Own: 23.6% rent · 76.4% own
• Severe rent burden: 841.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 5% Black 3% Asian 3%
• Hispanic origin (detail): Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 15% · Canada, Jamaica, China
• Languages at home: 86% English-only · Spanish 4% Russian/Polish/Slavic 2% Other Indo-European 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: ▼ -0.56%
• Current HPI: 232.3872
• Rent YoY: ▼ -8.18%
• 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

-1.7% since first listed

2 events — show timeline

• 2026-02-16 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Listed $152,500 Stellar MLS as Distributed by MLS Grid