Each week I run all 1–4 unit homes for sale in the North Port–Bradenton–Sarasota metro through one test: would a 12-month lease cover principal, interest, taxes, insurance and HOA? That's DSCR 1.0, the test a DSCR lender uses.

This week's list (Oct 27):

- 20% down: 134 homes pass

- 25% down: 257 pass

- 30% down: 421 pass

That's out of 6,401 homes I could price, of 8,439 listed.

Where they are, at 25% down:

- North Port: 106 of 528

- Bradenton: 58 of 1,643

- Sarasota: 48 of 1,949

- Venice: 21 of 696

- Lakewood Ranch: 2 of 201

- Longboat Key: 0 of 170

What they are: 196 single-family homes, most priced $207k to $275k. 21 duplexes to fourplexes, around $375k. 25 condos, around $137k, and 15 townhomes, around $250k.

What it doesn't count: vacancy, repairs, capex and management. This is the lender's test, not cash flow. A home right at 1.0 still has to carry all of that on top.

Assumptions: 30-year loan at 7.25% (7.625% for 2–4 units). Taxes at a new buyer's reassessed value, or the current bill if that's higher. Insurance from county defaults, more in flood zones. HOA as listed. Rents are two independent estimates for a 12-month lease, never seasonal. Site-built resale only, so manufactured homes (lot rent unknown) and new construction are left out.

If you own rentals in North Port: what are 3-bed leases actually going for this fall?

Disclosure: I run NetsPositive, the screener these counts come from.