Property ID: 5037395934
3150 Ringwood Mdw Unit 54, Sarasota, FL, 34235
Sarasota, FL
Money Down: $60,960
CoC Return: 3.88%
Monthly Cash Flow: $197
Est. Final ARV: $313,031
Editable financing assumptions (defaults: 4% closing costs, 7% interest).
Down Payment
$50,800
Closing Costs
$10,160
Total Down
$60,960
Investment Snapshot
Purchase Price
$254,000
Money Down
$60,960
Cash-on-Cash Return
3.88%
Rent
$2,203
Monthly Cash Flow
$197
Annual Cash Flow
$2,366
Debt Service / Mo
$1,352
Property Tax / Mo
$328
Insurance / Mo
$105
Quality Score and Underwriting
Monthly Cash Flow Breakdown
Rent (Projected)
$2,203
Payment Standard
$2,520
Rent
$2,203
Insurance
$105
Property Tax
$328
Management
$220
Utilities Allowance
$317
NOI (Monthly)
$1,549
Debt Service
$1,352
Cash Flow After Debt
$197
Quality Score: 71.70%
Confidence: 93.00%
This 2BR/2BA villa appears to be in sound, rentable condition with primarily cosmetic deferred maintenance (carpet replacement, painting, dated finishes). Major systems appear present (central HVAC vents/thermostat, tile roof, kitchen appliances) but key safety items are not visible in photos and must be confirmed before an initial HCV inspection: functional smoke detectors/CO alarm, GFCI protection in the kitchen/baths, and secure entry locks. If detectors, GFCI outlets, and locks are installed/verified and the HVAC is operational, the unit is likely to pass an initial NSPIRE/HCV inspection after minor repairs and cleaning (turnkey within ~1–4 weeks).
Section 8 Payment Standard
$2,520
Utility Allowance Total
$317
Guaranteed Section 8 Rent (PS - Utilities)
$2,203
Property Management
$220
Property Fundamentals
Status
For Sale
Type
single_family
List Price
$254,000
Beds
2
Baths
2
Living Area
1,351 sqft
Lot Size
—
Year Built
1981
Days on Market
210
Capital Outlay
$60,960
Debt Service
$1,352
Property Tax / Mo
$328
Insurance / Mo
$105
Property Description
Villa unit in beautiful and convenient section within The Meadows. Very close to the Meadows shopping village with the new sweet treat ice cream shoppe, a new Indian cuisine restaurant and the famous Mona Lisa Italian restaurant. You can literally walk over for an evening out. You are just a mile away from UTC with the newest in shopping, dining and entertainment venues, including the newly opened Mote Marine Aquarium. Needs some updating but otherwise very nice 2 bedroom/2 bath in Villas of Papillon featuring the most unique community pool setting in the area. Accessed by little bridge the pool is located on a little island in the lake. Possessions will be removed prior to closing or can be left.
Utility Allowances
Air Conditioning
$25
Property has Central Air. Using the fixed allowance for a 2-bedroom unit.
Cooking
$11
Property has a 'Range'. Consistent with other electric appliances listed, 'Electric' was selected for cooking for a 2-bedroom unit.
Heating
$15
Property has 'Central, Electric' heating. Selected 'Electric' for heating for a 2-bedroom unit.
Other Electric
$45
Standard allowance for general electricity (lights, outlets) for a 2-bedroom unit.
Range/Microwave
$6
Property does not list a microwave as a provided appliance, so the tenant-owned allowance for a 2-bedroom unit is applied.
Refrigerator
$0
Property lists a refrigerator as a provided appliance. No allowance for tenant.
Sewer
$90
Property has 'Public Sewer' as per the listing details. Using the fixed allowance for a 2-bedroom unit.
Trash Collection
$25
Standard fixed allowance for trash collection in a single-family dwelling.
Water
$66
Property has a 'Public' water source. Using the fixed allowance for a 2-bedroom unit.
Water Heating
$34
Property has an 'Electric Water Heater'. Selected 'Electric' for water heating for a 2-bedroom unit.
Source References
Payment Standard Source
Effective Date:
Apr 01, 2026
Utility Allowance Source
Effective Date:
Jan 01, 2026
Insurance Quotes
Coverage Options
View QuoteDP1 Annual Estimate$1,263
DP3 Annual Estimate$1,263
DP1 Monthly Equivalent$105
DP3 Monthly Equivalent$105
Replacement Value$270,100
Basis1,351 sqft / 1981
Nearby Houses
Photo unavailable
3242 Ringwood Mdw Unit 76
for_sale
Price: $379,900
3 bd / 2 ba · 1,500 sqft
Latest sale: $182,500
Latest rent: —
Photo unavailable
3020 Ringwood Mdw # 11
sold
Price: $365,000
2 bd / 2 ba · 1,351 sqft
Latest sale: $365,000
Latest rent: —
Photo unavailable
3246 Ringwood Mdw # 78
sold
Price: $410,000
3 bd / 2 ba · 1,451 sqft
Latest sale: $410,000
Latest rent: —
Photo unavailable
3136 Ringwood Mdw # 47
sold
Price: $475,000
2 bd / 2 ba · 1,351 sqft
Latest sale: $475,000
Latest rent: —
Photo unavailable
3002 Ringwood Mdws # 2
sold
Price: $400,000
2 bd / 2 ba · 1,301 sqft
Latest sale: $400,000
Latest rent: —
Photo unavailable
3022 Ringwood Mdw Unit 12
sold
Price: $454,000
2 bd / 2 ba · 1,351 sqft
Latest sale: $454,000
Latest rent: —
Photo unavailable
3028 Ringwood Mdw Unit 15
sold
Price: $205,000
3 bd / 2 ba · 1,495 sqft
Latest sale: $205,000
Latest rent: —
Photo unavailable
3050 Ringwood Mdw Unit 26
sold
Price: $207,500
2 bd / 2 ba · 1,301 sqft
Latest sale: $207,500
Latest rent: —
Photo unavailable
3008 Ringwood Mdw Unit 5
sold
Price: $256,500
3 bd / 2 ba · 1,545 sqft
Latest sale: $256,500
Latest rent: —
Photo unavailable
3126 Ringwood Mdw # 42
sold · 0.02 mi
Price: $499,900
3 bd / 2 ba · 1,704 sqft
Latest sale: $499,900
Latest rent: —
Photo unavailable
3206 Ringwood Mdw Unit 53
sold · 0.04 mi
Price: $209,000
2 bd / 2 ba · 1,301 sqft
Latest sale: $209,000
Latest rent: —
Photo unavailable
3018 Ringwood Mdw # 10
sold · 0.05 mi
Price: $443,000
2 bd / 2 ba · 1,351 sqft
Latest sale: $443,000
Latest rent: —
Photo unavailable
3110 Ringwood Mdw Unit 34
sold · 0.05 mi
Price: $220,000
3 bd / 2 ba · 1,451 sqft
Latest sale: $220,000
Latest rent: —
Photo unavailable
3038 Ringwood Mdw Unit 20
for_sale · 0.05 mi
Price: $424,900
3 bd / 2 ba · 1,500 sqft
Latest sale: $208,500
Latest rent: —
Photo unavailable
3244 Ringwood Mdw Unit 77
for_sale · 0.05 mi
Price: $314,500
2 bd / 2 ba · 1,351 sqft
Latest sale: —
Latest rent: —
Photo unavailable
3134 Ringwood Mdw # 46
sold · 0.05 mi
Price: $489,500
2 bd / 2 ba · 1,601 sqft
Latest sale: $489,500
Latest rent: —
Photo unavailable
3202 Ringwood Mdw # 56
sold · 0.05 mi
Price: $416,000
2 bd / 2 ba · 1,351 sqft
Latest sale: $416,000
Latest rent: —
Photo unavailable
3218 Ringwood Mdw Unit 64
sold · 0.05 mi
Price: $200,000
3 bd / 2 ba · 1,601 sqft
Latest sale: $200,000
Latest rent: —
Properties Used for Comps
Photo unavailable
3020 Ringwood Mdw # 11, Sarasota, FL, 34235
sold
Price: $365,000
Rent: —
2 bd / 2 ba · 1,351 sqft
Sale Date: Mar 19, 2025
Distance: —
View listing
Photo unavailable
5042 Marsh Field Rd # 16, Sarasota, FL, 34235
sold
Price: $250,000
Rent: —
2 bd / 2 ba · 1,200 sqft
Sale Date: Sep 12, 2025
Distance: 0.27 mi
View listing
Photo unavailable
4658 Longwater Chase # 104, Sarasota, FL, 34235
sold
Price: $240,000
Rent: —
2 bd / 2 ba · 1,108 sqft
Sale Date: Sep 30, 2025
Distance: 0.22 mi
View listing
Risk and Criteria Detail
Red Flags
- success
Assumptions
- Smoke detectors and carbon monoxide alarms are not visible in photos; assume they may be absent or not located where visible and require verification/installation.
- Central HVAC exists and is operational because vents and a thermostat are visible; age and service condition are unknown and should be tested.
- Electrical panel, water heater, and main plumbing lines are present and functional though not shown; no visible interior signs (stains, mold) indicate active leaks.
- Kitchen appliances shown (refrigerator, electric range, microwave, dishwasher) are present and likely functional but should be tested prior to lease.
- Sliding doors and entry locks are assumed to be present and operational but deadbolt presence and window/door lock function must be confirmed.
- No evidence of major structural issues in photos; if severe hidden issues exist (not visible) they would lower readiness and score.
Tax and Sale History
Property Tax History
| Year | Tax | Market Total | Assessment Total |
|---|---|---|---|
| 2025 | $3,826 | $270,100 | $255,046 |
| 2023 | $3,541 | $288,400 | $210,782 |
| 2022 | $3,089 | $235,800 | $191,620 |
| 2021 | $2,656 | $174,200 | $174,200 |
| 2020 | $2,505 | $159,600 | $159,600 |
| 2019 | $2,549 | $166,300 | $166,300 |
| 2018 | $2,606 | $172,500 | $172,500 |
| 2017 | $2,602 | $173,800 | $173,800 |
| 2016 | $2,454 | $173,700 | $173,700 |
| 2015 | $2,138 | $134,800 | $134,800 |
| 2014 | $2,243 | $144,700 | $138,303 |
| 2013 | $2,106 | $132,600 | $125,730 |
| 2012 | $1,881 | $114,300 | $114,300 |
| 2011 | $1,854 | $114,300 | $114,300 |
| 2010 | $2,254 | $139,200 | $139,200 |
| 2009 | $2,543 | $165,200 | $165,200 |
| 2008 | $2,857 | $195,500 | $195,500 |
| 2007 | $3,200 | $221,400 | $221,400 |
Sale History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Price Changed | $254,000 |
| 2026-01-27 | Price Changed | $269,900 |
| 2026-01-09 | Price Changed | $279,900 |
| 2025-11-19 | Listed | $339,000 |
| 2003-09-24 | Sold | $160,000 |
| 1985-11-01 | Sold | $85,000 |
Photo Gallery
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"text": "PRICE REDUCED $36, 000 UPDATE TO YOUR LIKING SUNRISE LAKE VIEWS MATURE TREE'S OFFERS PRIVACY HURRICANE PROTECTION 2-CAR GARAGE (20X20) ATTIC STAIRS WITH STORAGE THE MEADOWS RESTAURANTS/VILLAGE JUST AROUND THE CORNER IMMACULATE 3 BEDS 2 BATHS. The screened-in covered lanai offers a wonderful setting for enjoying the beauty of nature and wildlife. Feel safe in your new tranquil home nestled in the heart of The Meadows with 24-hour security patrols, FITNESS CENTER - PICKLEBALL - ACTIVITIES DIRECTOR WITH FULL CALENDAR OF EVENTS. As you step inside, you'll immediately notice the natural light-filled interior that greets you with warmth and style. The heart of this home is the kitchen with a closet pantry, convection oven range, stainless steel fridge, microwave with vented hood, dishwasher and garbage disposal, and built-in desk. An open design connects the kitchen seamlessly with the dining room and living room, making it an ideal space for both casual meals and entertainment. This cozy living area is adorned with new carpet. The master bedroom is spacious with sliding doors to the lanai patio and offers a 12x5 WALK-IN CLOSET. The master bathroom has double sinks and a walk-in shower. The 2nd bedroom is adjacent to the 2nd guest bath and the 3rd bedroom faces the entrance, perfect for your home Office/Den. Inside Full Size Utility Closet. The large 2-Car Garage freshly painted has plenty of room for storage. HVAC 2020, H/W 2018, re-pipe 2001, Condo Ass replaced ROOF 2012. You'll have the convenience of being just steps away from the heated community pool, perfect for those sunny days. Lifestyle at The Meadows offers a spacious 1, 650 Acres Community with Walking and Biking Trails in the preserve and around the lakes, a playground, dog park, and YES Pickleball Courts! All owners benefit from the RENESSANCE PLAN WITH ACCESS TO THE NEW FITNESS AND WELLNESS CENTER, JUNIOR OLYMPIC HEATED POOL & SPA WITH ACTIVITIES DIRECTOR ON SITE AND LIMITED COUNTRY CLUB DINING. The Meadows Country Club offers OPTIONAL MEMBERSHIPS for Golf, Tennis, and Social. The Meadows Shopping Village offers the famous Meadows PUB with great food and entertainment, an Italian Restaurant, Massage, a Hair Salon, and more. Only 2 Miles to Benderson Rowing Park and the New UTC Mall and Restaurants Only 7 miles to Downtown. Only 8 miles to St. Armands Bridge leading to Lido Beach and Longboat Key. 9 Miles to the Bridge to Siesta Key Beach. Dont wait a minute! Request your showing today!",
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"Association Fee Frequency: Annually",
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"Association Name: AMI / Property Manager Eric Hagar",
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"Directions: From University Blvd drive South, turn Right onto Taywood Meadows, after the traffic circle it turns into Ringwood Meadows, past the Shopping Center, the property is on your left (towards the end of Papillon Subdivision). From the Main Entrance with the beautiful fountain: Take 17th Street, turn north into the Meadows onto Longmeadow, Turn right onto Glebe Farm Road, Left onto Pinebrook Hollow, Left onto Ringwood Meadow, turn Right into Papillon cul de sac (follow the numbers).",
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"Building Area Source: Public Records",
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"Foundation Details: Slab",
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"Great Room Dimensions: 15' x 18'",
"Great Room Level: First"
],
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"parent_category": "Interior"
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"Laundry Features: Laundry Closet"
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"category": "Appliances",
"parent_category": "Interior"
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"Primary Bedroom Dimensions: 12' x 16'",
"Bedroom 2 Dimensions: 13' x 12'",
"Primary Bedroom Level: First",
"Bedroom 2 Level: First"
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"category": "Bedrooms",
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"Full Bathrooms: 2"
],
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"parent_category": "Interior"
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"Flooring: Tile, Wood"
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"category": "Interior Features",
"parent_category": "Interior"
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"Fireplace Features: Electric",
"Heating Features: Central, Electric",
"Heating: Yes"
],
"category": "Heating and Cooling",
"parent_category": "Interior"
},
{
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"Dining Room Level: First",
"Kitchen Dimensions: 9' x 12'",
"Kitchen Level: First"
],
"category": "Kitchen and Dining",
"parent_category": "Interior"
},
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"Patio And Porch Features: Covered, Rear Porch, Screened",
"Road Surface Type: Paved",
"Porch: Yes"
],
"category": "Exterior and Lot Features",
"parent_category": "Exterior"
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{
"text": [
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"Lot Description: Cul-De-Sac, Near Golf Course"
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"category": "Land Info",
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"category": "Pool and Spa",
"parent_category": "Exterior"
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{
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"Garage Spaces: 2",
"Parking Features: Driveway, Garage Door Opener, Ground Level"
],
"category": "Garage and Parking",
"parent_category": "Exterior"
},
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"Other Equipment: Irrigation Equipment"
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{
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"Association Amenities: Basketball Court, Cable TV, Fence Restrictions, Fitness Center, Maintenance, Park, Pickleball Court(s), Playground, Pool, Security, Spa/Hot Tub, Tennis Court(s), Trail(s), Vehicle Restrictions",
"Association Fee Includes: Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Private Road, Recreational Facilities, Security",
"Calculated Total Monthly Association Fees: 681",
"Association Name: AMI Brittany Curry",
"Association Name 2: Meadows Community Association",
"Association Phone: 9413591134",
"Association Phone 2: 9413772300",
"Pets Allowed: Yes",
"Pet Description: Please review all HOA docs for all restrictions."
],
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],
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"parent_category": "Community"
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{
"text": [
"Annual Tax Amount: 3971",
"Source Listing Status: Active",
"County: Sarasota",
"Directions: University Parkway to South on Honore. Turn Right on Longmeadow. Left on Marsh Field Road. Left on Richwood Link. Right on Ringwood Meadow and left into the first cul-de-sac of Papillon. 3244 on left.",
"Tax Year: 2024",
"Ownership: Condominium",
"Source Property Type: Residential",
"Area: 34235 - Sarasota",
"Source Neighborhood: VILLAS OF PAPILLION",
"Parcel Number: 0034071077",
"Postal Code Plus 4: 7031",
"Public Survey Section: 11",
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"Source Listing Status: Closed",
"County: Sarasota",
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"tax": 2602,
"year": 2017,
"market": {
"land": null,
"total": 173800,
"building": 173800
},
"assessment": {
"land": null,
"total": 173800,
"building": 173800
}
},
{
"tax": 2454,
"year": 2016,
"market": {
"land": null,
"total": 173700,
"building": 173700
},
"assessment": {
"land": null,
"total": 173700,
"building": 173700
}
},
{
"tax": 2138,
"year": 2015,
"market": {
"land": null,
"total": 134800,
"building": 134800
},
"assessment": {
"land": null,
"total": 134800,
"building": 134800
}
},
{
"tax": 2243,
"year": 2014,
"market": {
"land": null,
"total": 144700,
"building": 144700
},
"assessment": {
"land": null,
"total": 138303,
"building": null
}
},
{
"tax": 2106,
"year": 2013,
"market": {
"land": null,
"total": 132600,
"building": 132600
},
"assessment": {
"land": null,
"total": 125730,
"building": null
}
},
{
"tax": 1881,
"year": 2012,
"market": {
"land": null,
"total": 114300,
"building": 114300
},
"assessment": {
"land": null,
"total": 114300,
"building": null
}
},
{
"tax": 1854,
"year": 2011,
"market": {
"land": null,
"total": 114300,
"building": 114300
},
"assessment": {
"land": null,
"total": 114300,
"building": null
}
},
{
"tax": 2254,
"year": 2010,
"market": {
"land": null,
"total": 139200,
"building": 139200
},
"assessment": {
"land": null,
"total": 139200,
"building": null
}
},
{
"tax": 2543,
"year": 2009,
"market": {
"land": null,
"total": 165200,
"building": 165200
},
"assessment": {
"land": null,
"total": 165200,
"building": null
}
},
{
"tax": 2857,
"year": 2008,
"market": {
"land": null,
"total": 195500,
"building": 195500
},
"assessment": {
"land": null,
"total": 195500,
"building": null
}
},
{
"tax": 3200,
"year": 2007,
"market": {
"land": null,
"total": 221400,
"building": 221400
},
"assessment": {
"land": null,
"total": 221400,
"building": null
}
}
],
"property_history": [
{
"date": "2026-03-26",
"price": 254000,
"listing": {
"status": "for_sale",
"list_date": "2025-11-19T01:02:30Z",
"list_price": 254000,
"listing_id": "2988701535",
"last_update_date": "2026-03-26T13:15:09Z",
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"event_name": "Price Changed",
"price_sqft": 188.00888230940043,
"source_name": "StellarMLS",
"price_change": -15900,
"days_after_listed": null,
"source_listing_id": "A4672491",
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{
"date": "2026-01-27",
"price": 269900,
"listing": {
"status": "for_sale",
"list_date": "2025-11-19T01:02:30Z",
"list_price": 254000,
"listing_id": "2988701535",
"last_update_date": "2026-03-26T13:15:09Z",
"last_status_change_date": "2026-02-05T19:31:56Z"
},
"event_name": "Price Changed",
"price_sqft": 199.7779422649889,
"source_name": "StellarMLS",
"price_change": -10000,
"days_after_listed": null,
"source_listing_id": "A4672491",
"price_change_percentage": null
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{
"date": "2026-01-09",
"price": 279900,
"listing": {
"status": "for_sale",
"list_date": "2025-11-19T01:02:30Z",
"list_price": 254000,
"listing_id": "2988701535",
"last_update_date": "2026-03-26T13:15:09Z",
"last_status_change_date": "2026-02-05T19:31:56Z"
},
"event_name": "Price Changed",
"price_sqft": 207.17986676535898,
"source_name": "StellarMLS",
"price_change": -59100,
"days_after_listed": null,
"source_listing_id": "A4672491",
"price_change_percentage": null
},
{
"date": "2025-11-19",
"price": 339000,
"listing": {
"status": "for_sale",
"list_date": "2025-11-19T01:02:30Z",
"list_price": 254000,
"listing_id": "2988701535",
"last_update_date": "2026-03-26T13:15:09Z",
"last_status_change_date": "2026-02-05T19:31:56Z"
},
"event_name": "Listed",
"price_sqft": 250.92524056254626,
"source_name": "StellarMLS",
"price_change": 0,
"days_after_listed": null,
"source_listing_id": "A4672491",
"price_change_percentage": "+111.87%"
},
{
"date": "2003-09-24",
"price": 160000,
"listing": null,
"event_name": "Sold",
"price_sqft": 118.43079200592155,
"source_name": "Public Record",
"price_change": 0,
"days_after_listed": null,
"source_listing_id": null,
"price_change_percentage": null
},
{
"date": "1985-11-01",
"price": 85000,
"listing": null,
"event_name": "Sold",
"price_sqft": 62.916358253145816,
"source_name": "Public Record",
"price_change": 0,
"days_after_listed": null,
"source_listing_id": null,
"price_change_percentage": null
}
],
"building_permits_history": [
{
"project_name": null,
"permit_status": "Issued",
"permit_type_of_work": "Mechanical changeout/replacement",
"permit_effective_date": "Mar 21, 2017",
"permit_project_type_1": "Hvac",
"permit_project_type_2": "Mechanical work",
"permit_project_type_3": "Residential"
},
{
"project_name": null,
"permit_status": "Issued",
"permit_type_of_work": "Air conditioning (h.a.r.v.)",
"permit_effective_date": "Feb 4, 1997",
"permit_project_type_1": "Hvac",
"permit_project_type_2": "Residential",
"permit_project_type_3": null
}
]
}
},
"rmn_listing_attribution": false
},
"property_id": "5037395934",
"generated_at": "2026-03-28T17:52:45.327282Z",
"initial_filter": {
"passes": true,
"reason": "disabled",
"enabled": false
},
"processing_status": {
"reason": "success",
"eligible": true,
"min_score": 10.0,
"overall_score": 71.7
},
"utility_allowance": {
"zip_code": "34235",
"home_photo": "https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m1658057333s-w1280.jpg",
"rent_price": 2203.0,
"loan_amount": 203200.0,
"realtor_link": "https://www.realtor.com/realestateandhomes-detail/3150-Ringwood-Mdw-54_Sarasota_FL_34235_M50373-95934",
"bedroom_count": 2,
"interest_rate": 0.07,
"purchase_price": 254000.0,
"loan_term_years": 30,
"annual_cash_flow": 18588.62,
"mortgage_monthly": 1351.89,
"payment_standard": 2520.0,
"total_amount_out": 50800.0,
"additional_photos": [
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m266932345s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m3868367691s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m21812273s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m3912509049s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m548093193s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m82271724s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m2591937507s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m3836262440s-w1280.jpg",
"https://ap.rdcpix.com/f098eb6a41fb3ab70fa53d716567b157l-m3340396087s-w1280.jpg"
],
"down_payment_rate": 0.2,
"insurance_monthly": 105.25,
"monthly_cash_flow": 1549.05,
"property_tax_rate": 0.0079,
"_utility_allowance": {
"sources": [
"https://sarasotahousing.org/documents/section8/UtilityAllowancesSarasota2026.pdf"
],
"effective_date": "2026-01-01"
},
"utility_allowances": [
{
"note": "Property has Central Air. Using the fixed allowance for a 2-bedroom unit.",
"utility": "Air Conditioning",
"allowance": 25
},
{
"note": "Property has a 'Range'. Consistent with other electric appliances listed, 'Electric' was selected for cooking for a 2-bedroom unit.",
"utility": "Cooking",
"allowance": 11
},
{
"note": "Property has 'Central, Electric' heating. Selected 'Electric' for heating for a 2-bedroom unit.",
"utility": "Heating",
"allowance": 15
},
{
"note": "Standard allowance for general electricity (lights, outlets) for a 2-bedroom unit.",
"utility": "Other Electric",
"allowance": 45
},
{
"note": "Property does not list a microwave as a provided appliance, so the tenant-owned allowance for a 2-bedroom unit is applied.",
"utility": "Range/Microwave",
"allowance": 6
},
{
"note": "Property lists a refrigerator as a provided appliance. No allowance for tenant.",
"utility": "Refrigerator",
"allowance": 0
},
{
"note": "Property has 'Public Sewer' as per the listing details. Using the fixed allowance for a 2-bedroom unit.",
"utility": "Sewer",
"allowance": 90
},
{
"note": "Standard fixed allowance for trash collection in a single-family dwelling.",
"utility": "Trash Collection",
"allowance": 25
},
{
"note": "Property has a 'Public' water source. Using the fixed allowance for a 2-bedroom unit.",
"utility": "Water",
"allowance": 66
},
{
"note": "Property has an 'Electric Water Heater'. Selected 'Electric' for water heating for a 2-bedroom unit.",
"utility": "Water Heating",
"allowance": 34
}
],
"cash_on_cash_return": 0.37,
"down_payment_amount": 50800.0,
"property_tax_annual": 3940.78,
"property_tax_monthly": 328.4,
"property_tax_increase": 0.03,
"utility_allowance_total": 317.0,
"property_management_rate": 0.1,
"_fetched_payment_standard": {
"sources": [
"https://sarasotahousing.org/documents/section8/PaymentStandardsAllCounty20260212.pdf",
"https://sarasotahousing.org/documents/section8/landlords/HCVnewsletterAugust2025.pdf"
],
"effective_date": "2026-04-01"
},
"property_tax_history_year": 2025,
"annual_cash_flow_after_debt": 2365.88,
"property_management_monthly": 220.3,
"monthly_cash_flow_after_debt": 197.16,
"cash_on_cash_return_after_debt": 0.05
},
"section8_assessment": {
"runs": [
{
"summary": "This 2BR/2BA villa appears to be in sound, rentable condition with primarily cosmetic deferred maintenance (carpet replacement, painting, dated finishes). Major systems appear present (central HVAC vents/thermostat, tile roof, kitchen appliances) but key safety items are not visible in photos and must be confirmed before an initial HCV inspection: functional smoke detectors/CO alarm, GFCI protection in the kitchen/baths, and secure entry locks. If detectors, GFCI outlets, and locks are installed/verified and the HVAC is operational, the unit is likely to pass an initial NSPIRE/HCV inspection after minor repairs and cleaning (turnkey within ~1–4 weeks).",
"criteria": [
{
"key": "condition_repairs",
"label": "Visible condition & repair needs",
"score": 70.0,
"rationale": "Interior appears structurally intact but shows clear deferred cosmetic maintenance: heavily worn/discolored carpeting with indentations and ripples in living areas and bedrooms, dated wallpaper/finishes, older light fixtures/ceiling fans, and curtains/tracks that should be replaced. Kitchen and appliances (fridge, range, microwave, dishwasher) are present which reduces the penalty. No visible collapsed ceilings, major drywall damage, or exposed subflooring. Most items are cosmetic or capital-repair items (carpet/flooring, paint, fixture replacement) and should be addressable within a short rehab budget."
},
{
"key": "safety_code",
"label": "Section 8 / NSPIRE safety & code compliance risk",
"score": 60.0,
"rationale": "No smoke detectors or CO alarm are visible in supplied photos (could be present but not shown) — absence would be an NSPIRE fail. Egress appears acceptable: bedrooms have sliding glass doors and windows that likely meet egress, but measurements not confirmed. No visible exposed wiring, major trip hazards, or collapsed ceilings. Fireplace has a metal screen/doors but requires verification of safe operation/venting. Kitchen GFCI presence not visible; recommend confirming GFCI protection for counters. Entry door hardware/deadbolt not clearly visible; confirm functioning locks. Overall moderate risk: likely passes if detectors, GFCI and locks are confirmed/installed; otherwise these are inspection fails."
},
{
"key": "systems_mechanical",
"label": "Major systems & mechanical condition",
"score": 70.0,
"rationale": "Visible supply/return vents and a wall thermostat indicate central HVAC and ducted cooling exist; no visible evidence of failed HVAC equipment but age is uncertain (house built 1981). Roof tile and gutters appear intact from exterior photos. Appliances present in kitchen. Water heater, electrical panel and plumbing main are not shown so condition is unverified. No signs of active leaks, water stains, or major plumbing failure evident in interior photos. Recommend inspection of A/C operation, water heater, and electrical panel labeling; likely functioning but needs verification."
},
{
"key": "exterior_site",
"label": "Exterior envelope & site condition",
"score": 85.0,
"rationale": "Exterior photos show well-maintained landscaping, intact stucco/siding, tile roof in good visible condition, functioning gutters/downspouts and paved walkways. No visible foundation settlement, standing water, or exterior structural damage. Community setting (attached villas) appears well-kept. This area represents low risk for NSPIRE failures based on provided images."
}
],
"red_flags": [],
"confidence": 0.7,
"assumptions": [
"Smoke detectors and carbon monoxide alarms are not visible in photos; assume they may be absent or not located where visible and require verification/installation.",
"Central HVAC exists and is operational because vents and a thermostat are visible; age and service condition are unknown and should be tested.",
"Electrical panel, water heater, and main plumbing lines are present and functional though not shown; no visible interior signs (stains, mold) indicate active leaks.",
"Kitchen appliances shown (refrigerator, electric range, microwave, dishwasher) are present and likely functional but should be tested prior to lease.",
"Sliding doors and entry locks are assumed to be present and operational but deadbolt presence and window/door lock function must be confirmed.",
"No evidence of major structural issues in photos; if severe hidden issues exist (not visible) they would lower readiness and score."
],
"overall_score": 70.0,
"rubric_version": "2026-03-28_nsPIRE_v1"
},
{
"summary": "This villa is generally in good, rentable condition for Section 8 with mostly cosmetic deferred maintenance (worn carpet, dated finishes) and functioning appliances visible. The main inspection risks are missing/uncertain life-safety devices (smoke/CO alarms) and unverified GFCI protection at wet zones. Major systems appear present (central HVAC, kitchen appliances) and the exterior looks sound. With quick fixes—install/verify smoke & CO alarms, add GFCI outlets if missing, address stained carpet and minor cosmetic updates—this unit is likely to pass an initial HCV/NSPIRE inspection within 1–3 weeks.",
"criteria": [
{
"key": "condition_repairs",
"label": "Condition & Repairs",
"score": 70.0,
"rationale": "Interior photos show generally intact finishes but clearly dated and worn: stained/indented carpet in living areas and bedrooms, older window treatments, wallpaper in kitchen, and some cosmetic wear on built-ins. Appliances (fridge, range, microwave, dishwasher) are present which reduces penalty. No visible water damage or collapsed finishes. Overall repairs are cosmetic and moderate (carpet replacement or deep clean, paint, trim fixes, light fixture updates)."
},
{
"key": "safety_code",
"label": "Safety & Code Compliance",
"score": 65.0,
"rationale": "No visible exposed wiring, no visible structural defects, and egress appears adequate (sliding doors/large windows). However, photos do not show any smoke detectors or carbon monoxide alarm and no GFCI receptacle is visible at the kitchen sink area — both are common Section 8/NSPIRE inspection items and can cause a fail if absent. Fireplace screen present but flue/vent condition not shown. Entry door and garage appear secure. Plumbing fixtures and sinks appear present but function not confirmed. Score reduced for missing/uncertain life-safety devices and unverified GFCI protection."
},
{
"key": "systems_mechanical",
"label": "Major Systems (HVAC / Electrical / Plumbing / Roof)",
"score": 75.0,
"rationale": "Central HVAC registers and a wall thermostat are visible, indicating a forced-air system likely present and connected. Kitchen appliances and fixtures are present. Roof tiles and exterior trim appear intact in photos with no obvious active leak signs. Electrical panel and water heater were not shown; no visible electrical hazards in interior images. Given the age (1981) systems are plausible but their operational condition and ages are unknown — warranting moderate caution but no immediate visible system failure."
},
{
"key": "exterior_site",
"label": "Exterior & Site Condition",
"score": 85.0,
"rationale": "Exterior photos show well-kept landscaping, intact stucco/siding, tile roofing in good visible condition, a paved walkway and driveway, and no obvious standing water. Community signage and surrounding units look maintained. No visible foundation cracks, major settlement, or roof sagging in supplied images."
}
],
"red_flags": [
"No smoke detectors or carbon monoxide alarm visible in photos — missing alarms are a common automatic fail on NSPIRE/HCV inspections and must be verified/installed.",
"No GFCI-protected outlet visible at kitchen sink area in photos — lack of GFCI protection at wet areas can cause inspection issues."
],
"confidence": 0.7,
"assumptions": [
"Central HVAC is present and operational (thermostat and ceiling vents visible) though system age/efficiency not verified.",
"Kitchen appliances shown (refrigerator, range, microwave, dishwasher) are present and functional unless found otherwise at inspection.",
"No active roof leaks, major plumbing leaks, or structural movement are present since there are no visible stains, sagging ceilings, or foundation issues in photos.",
"Electrical panel exists and is intact (not pictured); no obvious exposed wiring was observed in photos.",
"Water heater and hot water supply exist and are functional (not pictured).",
"Absence of visible smoke detectors/CO alarms in photos means they may be missing or simply not visible; they must be verified/installed prior to inspection.",
"GFCI receptacles at kitchen and bathrooms are not visible in photos and should be verified/installed if absent."
],
"overall_score": 73.0,
"rubric_version": "ns_prep_v1.0"
},
{
"summary": "Overall this 2BR/2BA villa appears to be in good structural and exterior condition with dated but intact interiors and functioning major appliances visible. Most issues are cosmetic or minor repairs (carpet replacement/cleaning, repainting, fixture updates). Primary inspection risk items not shown in photos are functioning smoke/CO detectors, GFCI protection at wet areas, and verification of HVAC and hot water operation. If detectors/GFCI are present and systems operational, property is likely to pass an initial HCV/NSPIRE inspection after minor repairs and cleaning (turnkey within ~2–4 weeks).",
"criteria": [
{
"key": "condition_repairs",
"label": "Condition & Repair Needs",
"score": 72.0,
"rationale": "Interior is dated but largely intact. Visible issues are worn/soiled carpeting with depressions and stains, older popcorn ceilings, dated light fixtures and window treatments, and cosmetic wear to walls and built-ins. Kitchen and major appliances (stove, refrigerator, microwave, dishwasher) are present which reduces impact. No visible collapsed surfaces, exposed subfloor or large water stains. These are mostly cosmetic/low-cost repairs (replace/clean carpet or install LVP, repaint, replace minor fixtures)."
},
{
"key": "safety_code",
"label": "Safety / Code Compliance Risk",
"score": 68.0,
"rationale": "No obvious life-threatening hazards visible (no sagging ceilings, no visible mold, no exposed wiring). Bedroom egress appears adequate (sliding glass doors and windows). Entry door looks secure but deadbolt not clearly visible in photos. Smoke and carbon monoxide detectors are not visible in the photos (NSPIRE requires working smoke detectors in sleeping areas/corridors; CO detectors required if fuel-burning appliances are present) and GFCI at the kitchen sink is not visible. Fire extinguisher visible in kitchen (positive). Because detectors/GFCI are not shown, there is a moderate inspection risk that would be an immediate fail if missing; otherwise remaining safety items appear acceptable from photos."
},
{
"key": "systems_mechanical",
"label": "Systems & Mechanical Condition",
"score": 70.0,
"rationale": "Roof appears to be a tile roof in good visible condition from exterior photos. Central HVAC supply/return vents visible in ceiling and walls which suggests presence of central AC; operational status not confirmed. No visible plumbing leaks, standing water, or obvious water intrusion. Electrical panel, water heater and furnace/water heater condition are not shown. Overall no signs of major system failure in photos, but key system function (HVAC operation, hot water, breaker condition) must be verified on-site."
},
{
"key": "exterior_site",
"label": "Exterior & Site Condition",
"score": 85.0,
"rationale": "Exterior landscaping and walkways are well maintained; stucco siding and tile roof appear intact with no visible major cracks or foundation settlement. Driveway and approach appear serviceable. Yard and common areas look tidy and free of debris or standing water. Community amenities (pool/island) noted in listing but not inspected in detail."
}
],
"red_flags": [
"Smoke detectors and CO detectors not visible in listing photos — absence would be an immediate NSPIRE inspection fail if not installed or not functioning.",
"GFCI protection at kitchen sink not visible — lack of required GFCI could cause inspection failure.",
"Hot water provision/water heater not verified in photos — must be operational for inspection approval."
],
"confidence": 0.7,
"assumptions": [
"Smoke and carbon monoxide detectors are not visible in photos; assume they may be present but need verification and/or replacement.",
"Central HVAC exists (supply returns visible) and is assumed intact but untested; assume it will require operational verification and possible servicing.",
"Water heater and electrical panel are present and hidden from photos; assume no visible signs of leakage inside home indicate no active water intrusion.",
"Kitchen appliances shown are operational or will be serviced prior to lease; missing appliance scenario does not apply here.",
"No visible structural settlement, major roof leaks, or severe mold are present based on photos; assume no hidden severe structural issues unless inspection reveals otherwise.",
"Deadbolt on entry door is not clearly visible in photos; assume a secure lock can be installed quickly if missing."
],
"overall_score": 73.0,
"rubric_version": "2026-03-NSPIRE-v1"
}
],
"model": "gpt-5-mini-2025-08-07",
"errors": [],
"address": "3150 Ringwood Mdw Unit 54, Sarasota, FL, 34235",
"aggregate": {
"summary": "This 2BR/2BA villa appears to be in sound, rentable condition with primarily cosmetic deferred maintenance (carpet replacement, painting, dated finishes). Major systems appear present (central HVAC vents/thermostat, tile roof, kitchen appliances) but key safety items are not visible in photos and must be confirmed before an initial HCV inspection: functional smoke detectors/CO alarm, GFCI protection in the kitchen/baths, and secure entry locks. If detectors, GFCI outlets, and locks are installed/verified and the HVAC is operational, the unit is likely to pass an initial NSPIRE/HCV inspection after minor repairs and cleaning (turnkey within ~1–4 weeks).",
"criteria": [
{
"key": "condition_repairs",
"label": "Visible condition & repair needs",
"score": 70.7,
"rationale": "Interior appears structurally intact but shows clear deferred cosmetic maintenance: heavily worn/discolored carpeting with indentations and ripples in living areas and bedrooms, dated wallpaper/finishes, older light fixtures/ceiling fans, and curtains/tracks that should be replaced. Kitchen and appliances (fridge, range, microwave, dishwasher) are present which reduces the penalty. No visible collapsed ceilings, major drywall damage, or exposed subflooring. Most items are cosmetic or capital-repair items (carpet/flooring, paint, fixture replacement) and should be addressable within a short rehab budget."
},
{
"key": "exterior_site",
"label": "Exterior envelope & site condition",
"score": 85.0,
"rationale": "Exterior photos show well-maintained landscaping, intact stucco/siding, tile roof in good visible condition, functioning gutters/downspouts and paved walkways. No visible foundation settlement, standing water, or exterior structural damage. Community setting (attached villas) appears well-kept. This area represents low risk for NSPIRE failures based on provided images."
},
{
"key": "safety_code",
"label": "Section 8 / NSPIRE safety & code compliance risk",
"score": 64.3,
"rationale": "No smoke detectors or CO alarm are visible in supplied photos (could be present but not shown) — absence would be an NSPIRE fail. Egress appears acceptable: bedrooms have sliding glass doors and windows that likely meet egress, but measurements not confirmed. No visible exposed wiring, major trip hazards, or collapsed ceilings. Fireplace has a metal screen/doors but requires verification of safe operation/venting. Kitchen GFCI presence not visible; recommend confirming GFCI protection for counters. Entry door hardware/deadbolt not clearly visible; confirm functioning locks. Overall moderate risk: likely passes if detectors, GFCI and locks are confirmed/installed; otherwise these are inspection fails."
},
{
"key": "systems_mechanical",
"label": "Major systems & mechanical condition",
"score": 71.7,
"rationale": "Visible supply/return vents and a wall thermostat indicate central HVAC and ducted cooling exist; no visible evidence of failed HVAC equipment but age is uncertain (house built 1981). Roof tile and gutters appear intact from exterior photos. Appliances present in kitchen. Water heater, electrical panel and plumbing main are not shown so condition is unverified. No signs of active leaks, water stains, or major plumbing failure evident in interior photos. Recommend inspection of A/C operation, water heater, and electrical panel labeling; likely functioning but needs verification."
}
],
"red_flags": [],
"confidence": 0.93,
"assumptions": [
"Smoke detectors and carbon monoxide alarms are not visible in photos; assume they may be absent or not located where visible and require verification/installation.",
"Central HVAC exists and is operational because vents and a thermostat are visible; age and service condition are unknown and should be tested.",
"Electrical panel, water heater, and main plumbing lines are present and functional though not shown; no visible interior signs (stains, mold) indicate active leaks.",
"Kitchen appliances shown (refrigerator, electric range, microwave, dishwasher) are present and likely functional but should be tested prior to lease.",
"Sliding doors and entry locks are assumed to be present and operational but deadbolt presence and window/door lock function must be confirmed.",
"No evidence of major structural issues in photos; if severe hidden issues exist (not visible) they would lower readiness and score."
],
"score_method": "mean_of_criteria",
"overall_score": 71.7,
"rubric_version": "2026-03-28_nsPIRE_v1",
"confidence_method": "derived_from_run_agreement"
},
"property_id": "5037395934"
}
}
This dashboard combines underwriting, voucher payment standards, utilities, and local property signals in one workflow.