7590 Lyncrest St · North Port, FL 34287

$195,000

2 bd · 1.0 ba · 902 sqft · SingleFamily public records · 56 Days on market

Built 1983 0.28 ac lot $216/sqft · 12% below area Est $316k · 38% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.5/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• DSCR +3.7/10.0
• 1% rule +3.4/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is perfect for first time buyer's. Investors and seasonal guests, enjoy the amenities offered. Park, boat ramp minutes away and close to shopping. Recently updated new carpet, electrical sub panels and water heater. Enjoy the additional parking and over sized lot. Seller is willing to credit buyers $5000 towards Buyers pre-paids and closing cost with full price offer.

Key facts

• New a c system
• Brand new roof
• Updated kitchen

Tags

• CORNER LOT
• BRAND NEW ROOF
• NEW A C SYSTEM
• STORM READY HURRICANE SHUTTERS
• LOW MAINTENANCE VINYL FLOORING
• UPDATED KITCHEN

Property features AI

Finance

• Other: Residential, zoned RSF2; Homestead indicated
• HOA & community: No HOA association indicated

Exterior

• Parking: Boat parking available; Driveway parking; Guest parking
• Utilities: Public water; Public sewer; Electricity connected; Cable available
• Home design: Single-family residence; One-story; Faces west
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built on 1/4 to less than 1/2 acre (approx. 0.28 acres)
• Exterior features: Covered front porch; Hurricane shutters; Sidewalk; Sliding doors; Corner lot; Asphalt road access

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room and dining room combo; Window treatments
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-94 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (8.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (16.1% below list).
• Recommended offer: $164k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 61% FRL vs 42% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 852 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 31% of the median local income ($63k/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.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 5 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 $138k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $163,518 (16.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.84% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.60%
• DSCR: 0.97
• GRM: 9.9

CMA / ARV

• ARV (median comp): $316,489
• List price: $195,000
• Delta: -38.39%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -22.9%
• Equity multiple: 0.23×
• Total profit: $-41,918
• Equity at exit: $29,075

10-year hold

• IRR: -26.9%
• Equity multiple: -0.12×
• Total profit: $-61,051
• Equity at exit: $16,860

Cash invested: $54,600 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,635 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$215 /mo · $2,584/yr
• Insurance: −$81
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $-94

Break-even live

Break-even rent $1,754

Max offer price $178,415

Occupancy floor —

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12395 Chancellor Blvd Port Charlotte, FL	2.0	1.0	1004	$1,600	$1.59	21d	1	0.09mi

Listing history 33 events

1. 2026-06-18
   days on market $195,000 Active 56 DOM
2. 2026-06-17
   days on market $195,000 Active 55 DOM
3. 2026-06-16
   days on market $195,000 Active 54 DOM
4. 2026-06-15
   days on market $195,000 Active 53 DOM
5. 2026-06-13
   days on market $195,000 Active 51 DOM
6. 2026-06-13
   days on market $195,000 Active 50 DOM
7. 2026-06-10
   days on market $195,000 Active 48 DOM
8. 2026-06-09
   days on market $195,000 Active 47 DOM
9. 2026-06-08
   days on market $195,000 Active 46 DOM
10. 2026-06-08
    days on market $195,000 Active 45 DOM
11. 2026-06-05
    days on market $195,000 Active 42 DOM
12. 2026-06-03
    days on market $195,000 Active 41 DOM
13. 2026-06-02
    days on market $195,000 Active 40 DOM
14. 2026-06-01
    days on market $195,000 Active 39 DOM
15. 2026-05-31
    days on market $195,000 Active 38 DOM
16. 2026-05-15
    price $195,000 1078-char remark
17. 2026-04-23
    listed $200,000 Active 1078-char remark
18. 2025-09-16
    historical
19. 2025-08-25
    price $179,900
20. 2025-08-22
    status Active
21. 2025-08-18
    status Pending
22. 2025-08-07
    price $185,000
23. 2025-07-29
    price $190,000
24. 2025-07-22
    price $195,000
25. 2025-07-08
    listed $200,000 Active
26. 2020-03-12
    soldstatus $138,000 Sold

    Show marketing remark (380 chars)

    This home is perfect for first time buyer's. Investors and seasonal guests, enjoy the amenities offered. Park, boat ramp minutes away and close to shopping. Recently updated new carpet, electrical sub panels and water heater. Enjoy the additional parking and over sized lot. Seller is willing to credit buyers $5000 towards Buyers pre-paids and closing cost with full price offer.

27. 2020-02-11
    status Pending

    Show marketing remark (380 chars)

    This home is perfect for first time buyer's. Investors and seasonal guests, enjoy the amenities offered. Park, boat ramp minutes away and close to shopping. Recently updated new carpet, electrical sub panels and water heater. Enjoy the additional parking and over sized lot. Seller is willing to credit buyers $5000 towards Buyers pre-paids and closing cost with full price offer.

28. 2020-02-06
    price $138,000

    Show marketing remark (380 chars)

    This home is perfect for first time buyer's. Investors and seasonal guests, enjoy the amenities offered. Park, boat ramp minutes away and close to shopping. Recently updated new carpet, electrical sub panels and water heater. Enjoy the additional parking and over sized lot. Seller is willing to credit buyers $5000 towards Buyers pre-paids and closing cost with full price offer.

29. 2019-11-18
    listed $140,000 Active

    Show marketing remark (380 chars)

    This home is perfect for first time buyer's. Investors and seasonal guests, enjoy the amenities offered. Park, boat ramp minutes away and close to shopping. Recently updated new carpet, electrical sub panels and water heater. Enjoy the additional parking and over sized lot. Seller is willing to credit buyers $5000 towards Buyers pre-paids and closing cost with full price offer.

30. 2013-07-03
    soldstatus $48,000
31. 2013-07-01
    soldstatus $48,000
32. 2013-02-15
    listed $54,900
33. 1983-08-01
    soldstatus $64,100

ⓘ 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: $2,584 · $215/mo
• Projected year-2 tax: $2,584 · $215/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 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,622
• − Mortgage interest: −$10,923
• − Property taxes: −$2,584
• − Insurance: −$1,772
• − Repairs & maintenance: −$1,570
• − Management: −$1,570
• − Depreciation: −$5,673
• Taxable loss: −$4,470
• Est. tax savings @ 24.0%: +$1,073
• After-tax cash flow: $-54/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): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 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: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+204.2% since first listed

18 events — show timeline

• 2026-05-15 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-25 Price Changed $179,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-08-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-07 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-22 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-12 Sold (MLS) $138,000 Stellar MLS as Distributed by MLS Grid
• 2020-02-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-02-06 Price Changed $138,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-18 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2013-07-03 Sold (MLS) $48,000 Stellar MLS as Distributed by MLS Grid
• 2013-07-01 Sold (Public Records) $48,000 Public Records
• 2013-02-15 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 1983-08-01 Sold (Public Records) $64,100 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,584 · +6.4% YoY. Source: county tax records.