177 S Fiji Cir · Englewood, FL 34223

$159,900

2 bd · 2.0 ba · 1,371 sqft · Manufactured public records · 49 Days on market

Built 1978 4,376 sqft lot $308/mo HOA · 12% of rent

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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
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your perfect winter getaway awaits in this well-maintained home in Polynesian Village, a resident owned 55+ community located under a mile from Manasota Beach. Enjoy over 1,300 square feet of living space perfect for a winter getaway or year round living. Turnkey furnished floor plan features 2 beds, 2 baths, Florida room, over-sized lanai and a utility room featuring a workshop with a separate door to the secluded outdoor shower. This community is a true hidden gem, tucked away in a private setting and features a heated community pool, recreation room, pitch & putt golf course, shuffleboard, bocce and even offers boat and RV storage for an additional fee. This home has a new roof, new carpets in the bedrooms, new floor in bathrooms, new toilets and newer stove and refrigerator. Property can be rented with management approval. Schedule your showing today to see this great property.

Key facts

• Workshop space
• Flex space
• Community amenities

Tags

• NO FLOOD ZONE
• SCREENED IN LANAI
• WORKSHOP SPACE
• FLEX SPACE
• GOLF CART FRIENDLY
• COMMUNITY AMENITIES

Property features AI

Finance

• Other: Homestead exemption; Zoned RMH
• Financial info: Total annual fees $3,700; Monthly HOA amount $308.33; Association fee $925 (quarterly); Lease restrictions apply
• HOA & community: Has HOA (association: Precedent Management/Rene Dahl); Quarterly association fee; Association approval required; Senior community; Community clubhouse; Community pool; Pets not allowed; Partially furnished

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Broadband/high-speed internet available; Electricity connected; Sewer connected
• Home design: Manufactured home (double wide); Single-story; Faces north; Crawlspace foundation
• Construction: Vinyl siding; Membrane roof; Shingle roof
• Exterior features: Sliding doors; Storage

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closet; Family room
• Laundry & utility: Washer; Dryer; Laundry room (outside)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.7% 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.
• Zoned schools: Englewood Elementary School (math 65% / reading 66%, grade B+, #500 of 2,144 statewide, top 24%, 587 students, 52% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL) — zoned schools at 41% FRL track the district average.
• 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $128k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.60% ✓
• Cap rate: 11.73%
• Cash-on-cash: 19.41%
• DSCR: 1.86
• GRM: 5.2

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: 3.7%
• Equity multiple: 1.16×
• Total profit: $6,981
• Equity at exit: $23,842

10-year hold

• IRR: 18.9%
• Equity multiple: 3.09×
• Total profit: $93,729
• Equity at exit: $13,825

Cash invested: $44,772 (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: 5.2×

Monthly cashflow live

• Estimated rent: $2,559 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$84 /mo · $1,010/yr
• Insurance: −$67
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$308
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $298

Break-even live

Break-even rent $2,182

Max offer price $159,900

Occupancy floor 83%

Sensitivity live

Price	-10% $388	-5% $343	+0% $298	+5% $252	+10% $207
Rent	-10% $95	-5% $196	+0% $298	+5% $399	+10% $500
Rate	-1.0pp $378	-0.5pp $338	base $298	+0.5pp $256	+1.0pp $214

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $308 · $3,696/yr
• Likely covers: pool

Listing history 28 events

1. 2026-06-18
   days on market $159,900 Active 49 DOM
2. 2026-06-17
   days on market $159,900 Active 48 DOM
3. 2026-06-16
   days on market $159,900 Active 47 DOM
4. 2026-06-15
   days on market $159,900 Active 46 DOM
5. 2026-06-13
   days on market $159,900 Active 44 DOM
6. 2026-06-13
   days on market $159,900 Active 43 DOM
7. 2026-06-10
   days on market $159,900 Active 41 DOM
8. 2026-06-09
   days on market $159,900 Active 40 DOM
9. 2026-06-08
   days on market $159,900 Active 39 DOM
10. 2026-06-08
    days on market $159,900 Active 38 DOM
11. 2026-06-05
    days on market $159,900 Active 35 DOM
12. 2026-06-03
    days on market $159,900 Active 34 DOM
13. 2026-06-02
    days on market $159,900 Active 33 DOM
14. 2026-06-01
    days on market $159,900 Active 32 DOM
15. 2026-05-31
    days on market $159,900 Active 31 DOM
16. 2026-04-30
    listed $159,900 Active 2179-char remark
17. 2025-12-01
    historical
18. 2025-05-02
    price $164,900
19. 2025-04-01
    price $176,000
20. 2025-02-19
    price $185,000
21. 2024-12-13
    listed $199,900 Active
22. 2017-09-27
    soldstatus $127,500
23. 2017-09-25
    soldstatus $127,500 Sold

    Show marketing remark (900 chars)

    Your perfect winter getaway awaits in this well-maintained home in Polynesian Village, a resident owned 55+ community located under a mile from Manasota Beach. Enjoy over 1,300 square feet of living space perfect for a winter getaway or year round living. Turnkey furnished floor plan features 2 beds, 2 baths, Florida room, over-sized lanai and a utility room featuring a workshop with a separate door to the secluded outdoor shower. This community is a true hidden gem, tucked away in a private setting and features a heated community pool, recreation room, pitch & putt golf course, shuffleboard, bocce and even offers boat and RV storage for an additional fee. This home has a new roof, new carpets in the bedrooms, new floor in bathrooms, new toilets and newer stove and refrigerator. Property can be rented with management approval. Schedule your showing today to see this great property.

24. 2017-08-29
    status Pending

    Show marketing remark (900 chars)

    Your perfect winter getaway awaits in this well-maintained home in Polynesian Village, a resident owned 55+ community located under a mile from Manasota Beach. Enjoy over 1,300 square feet of living space perfect for a winter getaway or year round living. Turnkey furnished floor plan features 2 beds, 2 baths, Florida room, over-sized lanai and a utility room featuring a workshop with a separate door to the secluded outdoor shower. This community is a true hidden gem, tucked away in a private setting and features a heated community pool, recreation room, pitch & putt golf course, shuffleboard, bocce and even offers boat and RV storage for an additional fee. This home has a new roof, new carpets in the bedrooms, new floor in bathrooms, new toilets and newer stove and refrigerator. Property can be rented with management approval. Schedule your showing today to see this great property.

25. 2017-08-04
    price $134,500

    Show marketing remark (900 chars)

    Your perfect winter getaway awaits in this well-maintained home in Polynesian Village, a resident owned 55+ community located under a mile from Manasota Beach. Enjoy over 1,300 square feet of living space perfect for a winter getaway or year round living. Turnkey furnished floor plan features 2 beds, 2 baths, Florida room, over-sized lanai and a utility room featuring a workshop with a separate door to the secluded outdoor shower. This community is a true hidden gem, tucked away in a private setting and features a heated community pool, recreation room, pitch & putt golf course, shuffleboard, bocce and even offers boat and RV storage for an additional fee. This home has a new roof, new carpets in the bedrooms, new floor in bathrooms, new toilets and newer stove and refrigerator. Property can be rented with management approval. Schedule your showing today to see this great property.

26. 2017-07-01
    listed $139,500 Active

    Show marketing remark (900 chars)

    Your perfect winter getaway awaits in this well-maintained home in Polynesian Village, a resident owned 55+ community located under a mile from Manasota Beach. Enjoy over 1,300 square feet of living space perfect for a winter getaway or year round living. Turnkey furnished floor plan features 2 beds, 2 baths, Florida room, over-sized lanai and a utility room featuring a workshop with a separate door to the secluded outdoor shower. This community is a true hidden gem, tucked away in a private setting and features a heated community pool, recreation room, pitch & putt golf course, shuffleboard, bocce and even offers boat and RV storage for an additional fee. This home has a new roof, new carpets in the bedrooms, new floor in bathrooms, new toilets and newer stove and refrigerator. Property can be rented with management approval. Schedule your showing today to see this great property.

27. 2002-03-22
    soldstatus $68,500
28. 1995-12-26
    soldstatus $20,381

ⓘ 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: $1,010 · $84/mo
• Projected year-2 tax: $1,327 · $111/mo
• Expected delta: +$317/yr (+$26/mo · 31.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 75% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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: $30,705
• − Mortgage interest: −$8,957
• − Property taxes: −$1,010
• − Insurance: −$5,918
• − Repairs & maintenance: −$2,456
• − Management: −$2,456
• − HOA: −$3,696
• − Depreciation: −$4,652
• Taxable income: $1,560
• Est. tax owed @ 24.0%: −$374
• After-tax cash flow: $3,196/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 — 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

+684.6% since first listed

13 events — show timeline

• 2026-04-30 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-02 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-01 Price Changed $176,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-19 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-13 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2017-09-27 Sold (Public Records) $127,500 Public Records
• 2017-09-25 Sold (MLS) $127,500 Stellar MLS as Distributed by MLS Grid
• 2017-08-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-08-04 Price Changed $134,500 Stellar MLS as Distributed by MLS Grid
• 2017-07-01 Listed $139,500 Stellar MLS as Distributed by MLS Grid
• 2002-03-22 Sold (Public Records) $68,500 Public Records
• 1995-12-26 Sold (Public Records) $20,381 Public Records

Property tax history

-0.4%/yr

Latest (2025): $1,010 · +2.5% YoY. Source: county tax records.