4460 Ironwood Cir Unit 304A · Bradenton, FL 34209

$137,900

1 bd · 1.0 ba · 750 sqft · Condo public records · 30 Days on market

Built 1984 $505/mo HOA · 28% of rent

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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 +17.7/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Sellers are motivated!! Offered with a $5,000 seller concession toward buyer closing costs, rate buy down, or allowable buyer expenses. Investors are welcome — there is no waiting period to lease out a unit, making this a great opportunity for buyers seeking personal use, seasonal living, or rental income potential. Welcome to Ironwood Fifteenth! This beautifully maintained condominium is move-in ready, filled with thoughtful updates throughout, and the bonus room has a closet so can easily be converted into a 2nd bedroom. The kitchen has been tastefully customized with stainless steel appliances, custom cabinetry, ceiling-height cabinetry, Cambria Britannica quartz countertops, and a

Key facts

• Hurricane shutters
• $505 HOA
• Community pool

Tags

• STAINLESS STEEL APPLIANCES
• CUSTOM CRAFT-MADE CABINETRY
• KOHLER TWO-STAGE SHOWER FAUCET
• HURRICANE-IMPACT WINDOWS
• HURRICANE SHUTTERS
• WELL-MAINTAINED A/C SYSTEM

Property features AI

Finance

• Other: Homestead exemption indicated; Irrigation equipment present
• Financial info: Total annual fees approximately $6,066.36; Lease restrictions apply
• HOA & community: Monthly association fee of $505.53; HOA covers cable TV, common area taxes, pool, internet, structure and grounds maintenance, management, pest control, recreational facilities, sewer, trash and water; Association-owned recreational amenities including shuffleboard court; Community features include clubhouse, community mailbox, fitness center, golf, pool, tennis courts; Association approval required; Pets not allowed

Exterior

• Parking: Parking information not provided
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Cable available; BB/HS internet available; Electricity connected
• Home design: Condominium; Residential property; North-facing; One level interior unit in a 5-story building; Entry in building AD/4460
• Construction: Block and stucco construction; Other roof type; Slab foundation; Completed condition; Built as part of a multi-story building
• Exterior features: Hurricane shutters; Sliding doors; Trees/landscaped grounds; Asphalt/paved road access

Interior

• Kitchen: Convection oven; Dishwasher; Disposal; Microwave; Range; Refrigerator; Stone and solid surface counters
• Bedrooms: 1 bedroom (located on floor 3)
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air; Humidity control
• Interior features: Elevator; Open floor plan; Solid surface counters; Stone counters; Thermostat; Window treatments; Blinds; Shutters; Storm windows
• Laundry & utility: Laundry closet; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $138k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $136k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.6% in Bradenton — 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 81/100 on livability (#101 in FL, #1,528 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime D, amenities F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: H. S. Moody Elementary School (math 39% / reading 24%, grade F, #1,841 of 2,144 statewide, top 86%, 606 students, 73% FRL); W. D. Sugg Middle School (math 34% / reading 28%, grade F, #462 of 571 statewide, top 81%, 1,010 students, 72% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools average 70% FRL vs 51% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 52% district-wide (-24 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.3%/yr); 514 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $953 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $49k; list at $138k implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,831 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 7.26%
• Cash-on-cash: 3.45%
• DSCR: 1.15
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.47×
• Total profit: $-20,363
• Equity at exit: $20,561

10-year hold

• IRR: -16.0%
• Equity multiple: 0.27×
• Total profit: $-28,229
• Equity at exit: $11,923

Cash invested: $38,612 (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 34209

• Rents YoY: -0.3%
• Active inventory: 514
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,823 high
• Mortgage (P&I): −$723
• Tax from tax record: −$44 /mo · $526/yr
• Insurance: −$57
• HOA: −$505
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $111

Break-even live

Break-even rent $1,683

Max offer price $137,900

Occupancy floor 89%

Sensitivity live

Price	-10% $189	-5% $150	+0% $111	+5% $72	+10% $33
Rent	-10% $-33	-5% $39	+0% $111	+5% $183	+10% $255
Rate	-1.0pp $180	-0.5pp $146	base $111	+0.5pp $75	+1.0pp $39

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: $34,475
• Closing costs: $4,137
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	25d	1	0.02mi
4480 Ironwood Cir Unit 309 Bradenton, FL	1.0	1.0	600	$1,800	$3.00	25d	1	0.03mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	3d	1	0.03mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	23d	1	0.03mi
4480 Ironwood Cir Unit 213A Bradenton, FL	1.0	1.0	600	$1,425	$2.38	16d	1	0.03mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	25d	1	0.06mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	25d	1	0.13mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	17d	1	0.17mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	13d	1	0.17mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,330	$1.43	3d	27	0.32mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	17d	1	0.35mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,415	$1.39	3d	32	0.46mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,200	$1.19	5d	13	0.49mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,249	$1.24	17d	15	0.49mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,325	$1.71	12d	9	0.51mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	25d	1	0.56mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,200	$1.50	16d	3	0.58mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,199	$1.50	5d	2	0.58mi
4118 59th St W Bradenton, FL	2.0	1.0	756	$1,800	$2.38	17d	1	0.66mi
4880 51st St W Bradenton, FL	1.0–4.0	1.0–3.0	1019	$1,295	$1.27	5d	11	0.73mi
5907 36th Ave Cir W #5907 Bradenton, FL	2.0	2.0	937	$2,800	$2.99	25d	1	0.76mi
4116 62nd St W Bradenton, FL	2.0	2.0	840	$1,650	$1.96	5d	1	0.86mi
586 Lakeside Dr Unit 586 Bradenton, FL	2.0	2.0	940	$3,200	$3.40	25d	1	0.92mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,465	$1.86	3d	6	0.93mi
4112 66th Street Cir W Bradenton, FL	2.0	2.0	1100	$1,960	$1.78	21d	1	0.99mi
4601 66th St W Bradenton, FL	3.0	1.0–2.0	917	$1,716	$1.87	3d	24	1.01mi
206 Lakewood Dr Unit 206 Bradenton, FL	2.0	2.0	940	$2,700	$2.87	25d	1	1.04mi
184 Pineneedle Dr Bradenton, FL	2.0	2.0	940	$2,100	$2.23	25d	1	1.04mi
4161 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$1,800	$1.72	17d	1	1.06mi
4209 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$2,900	$2.78	25d	1	1.06mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$1,250	$1.32	3d	6	1.13mi
2903 63rd St W Bradenton, FL	1.0	1.0	693	$2,000	$2.89	5d	1	1.18mi
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	5d	1	1.18mi
6711 45th Ave W Unit A Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	17d	1	1.25mi
5027 31st St W Bradenton, FL	2.0	2.0	972	$3,600	$3.70	23d	1	1.28mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$1,451	$1.47	3d	1	1.29mi
4148 53rd Ave W Unit 1210 Bradenton, FL	2.0	2.0	1071	$1,932	$1.80	5d	1	1.29mi
4148 53rd Ave W Unit 0314 Bradenton, FL	2.0	2.0	1071	$1,967	$1.84	25d	1	1.29mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$1,868	$2.08	23d	10	1.29mi
3278 51st Avenue Dr W Unit 1 Bradenton, FL	2.0	1.0	850	$1,600	$1.88	25d	1	1.30mi

HOA detail condo

• Monthly dues: $505 · $6,060/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-22
   days on market $137,900 Active 30 DOM
2. 2026-06-18
   days on market $137,900 Active 27 DOM
3. 2026-06-17
   days on market $137,900 Active 26 DOM
4. 2026-06-16
   pricedays on market $137,900 Active 25 DOM
5. 2026-06-15
   days on market $139,900 Active 24 DOM
6. 2026-06-13
   days on market $139,900 Active 22 DOM
7. 2026-06-13
   days on market $139,900 Active 21 DOM
8. 2026-06-10
   days on market $139,900 Active 19 DOM
9. 2026-06-09
   days on market $139,900 Active 18 DOM
10. 2026-06-08
    days on market $139,900 Active 17 DOM
11. 2026-06-08
    days on market $139,900 Active 16 DOM
12. 2026-06-03
    days on market $139,900 Active 12 DOM
13. 2026-06-02
    days on market $139,900 Active 11 DOM
14. 2026-06-01
    days on market $139,900 Active 10 DOM
15. 2026-05-31
    days on market $139,900 Active 9 DOM
16. 2026-05-22
    listed $139,900 Active
17. 2026-04-20
    listed $1,350
18. 2026-03-31
    historical
19. 2026-02-10
    price $139,900
20. 2026-02-02
    price $149,900
21. 2025-11-09
    price $155,000
22. 2025-10-17
    listed $160,000 Active
23. 2014-03-13
    soldstatus $48,900

ⓘ 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: $526 · $44/mo
• Projected year-2 tax: $1,145 · $95/mo
• Expected delta: +$619/yr (+$52/mo · 117.8%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 30 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: $21,879
• − Mortgage interest: −$7,725
• − Property taxes: −$526
• − Insurance: −$690
• − Repairs & maintenance: −$1,750
• − Management: −$1,750
• − HOA: −$6,060
• − Depreciation: −$4,012
• Taxable loss: −$633
• Est. tax savings @ 24.0%: +$152
• After-tax cash flow: $1,483/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: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Bradenton

• Score: 81/100
• State rank: #101
• US rank: #1528

Category grades

Amenities F Commute A+ Cost of living A+ Crime D Employment D+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bradenton, FL
• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 33,224
• Household income: $81,728
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 1126.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 11% Two or more races 6% Black 2% Asian 1%
• Hispanic origin (detail): Puerto Rican 4% Cuban 3%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 3%
• Foreign-born: 9% · Canada, Jamaica, China
• Languages at home: 90% English-only · Spanish 6% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -360.34%
• Current HPI: 320.0061
• Rent YoY: ▼ -0.30%
• 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

+186.1% since first listed

8 events — show timeline

• 2026-05-22 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listed for Rent $1,350 REDFIN
• 2026-03-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-10 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-09 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-17 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2014-03-13 Sold (Public Records) $48,900 Public Records

Property tax history

-2.8%/yr

Latest (2025): $526 · +1.8% YoY. Source: county tax records.