3624 Lake Bayshore Dr Unit K-303 · South Bradenton, FL 34205

$119,000

2 bd · 2.0 ba · 1,144 sqft · Condo · 93 Days on market

Built 1980 $596/mo HOA · 36% of rent

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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).

• 1% rule +9.0/10.0
• Cash flow +8.7/30.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Extremely Economical living in this very well maintained 2 bedroom 2 bath condo in West Bradenton. Spacious living/dining room area flows into a small den perfect for your computer set up or as an extra sleeping area for guests. Lanai is very large andprivate with the view of tree tops and offers the relaxing sound of a fountain beyond the trees. Laundry hookups have been installed in the storage area of the lanai for owner's use, so utilizing the buildings public facility isn't necessary. The A/C unit was new in 2006. The master bedroom is very large and includes a dressing area, tiled bath and walk-in closet. The unit is turnkey furnished so buyer can move in and head straight to the beach located approximately 15 minutes away. Bayshore on the Lake is a large complex with heated pools, clubhouses, numerous activities, a large lake for fishing, and within walking distance of restaurants, stores and churches. Owner will look at any realistic offer!

Key facts

• Active clubhouse
• Furnished condo
• Fishing lake

Tags

• FURNISHED CONDO
• MAINTENANCE FREE LIFESTYLE
• HEATED POOL
• ACTIVE CLUBHOUSE
• FISHING LAKE
• CLOSE TO BEACHES

Property features AI

Finance

• Other: Furnished; Directions: From Cortez Rd West, go North on 36th St., turn Right on 38th Ave West, then turn Left at the end of the street to building K
• Financial info: Total monthly fees (HOA/Condo): $596; Total annual fees: $7,152; Lease restrictions apply
• HOA & community: Association name: Christina; Monthly condo/association fee: $596 (includes pool, structure maintenance, grounds maintenance, pest control); Buyer approval required; Clubhouse; Senior community

Exterior

• Parking: No truck/RV/motorcycle parking (community restriction)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Sewer connected; Water connected
• Home design: Condominium; Residential property; One story; Faces east; Located on third floor (unit K-303)
• Construction: Block construction; Shingle roof; Slab foundation; Building identified as K
• Exterior features: Balcony; Sliding doors; In-ground heated gunite pool

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Elevator in building
• Laundry & utility: Common area laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $-100 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $104k (12.2% below list).
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $104k (12.2% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 4.0% in South 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 77/100 on livability (#195 in FL, #3,092 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime D+, commute 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.
• Market conditions: Rents soft (-2.4%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 38% of the median local income ($53k/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 $823 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 93 days — a 9% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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 $36k; list at $119k implies a 226% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.

Recommended offer $104,487 (12.2% 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 93 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.40% ✓
• Cap rate: 5.28%
• Cash-on-cash: -3.61%
• DSCR: 0.84
• GRM: 5.9

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: -28.3%
• Equity multiple: 0.09×
• Total profit: $-30,169
• Equity at exit: $17,743

10-year hold

• IRR: -68.6%
• Equity multiple: -0.55×
• Total profit: $-51,803
• Equity at exit: $10,289

Cash invested: $33,320 (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 34205

• Rents YoY: -2.4%
• Active inventory: 319
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,668 high
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$596
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-100

Break-even live

Break-even rent $1,795

Max offer price $104,487

Occupancy floor —

Sensitivity live

Price	-10% $-18	-5% $-59	+0% $-100	+5% $-141	+10% $-183
Rent	-10% $-232	-5% $-166	+0% $-100	+5% $-34	+10% $32
Rate	-1.0pp $-40	-0.5pp $-70	base $-100	+0.5pp $-131	+1.0pp $-163

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3064 Lake Bayshore Dr Unit 115 Bradenton, FL	2.0	2.0	1144	$1,250	$1.09	25d	1	0.02mi
3124 Lake Bayshore Dr Unit 219 Bradenton, FL	2.0	2.0	1144	$2,300	$2.01	25d	1	0.02mi
4444 17th St W Unit B Bradenton, FL	2.0	1.0	850	$2,200	$2.59	25d	1	0.19mi
4204 Heron Way Unit B304 Bradenton, FL	2.0	1.0	912	$1,400	$1.54	4d	1	0.23mi
4515 26th St W Bradenton, FL	1.0–2.0	1.0–2.0	806	$1,510	$1.87	3d	14	0.30mi
2305 46th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	1005	$1,837	$1.83	3d	10	0.34mi
4607 21st St W Bradenton, FL	3.0	2.0	1133	$2,500	$2.21	25d	1	0.36mi
3963 Lake Bayshore Dr Unit F-414 Bradenton, FL	2.0	1.0	1040	$1,200	$1.15	16d	1	0.40mi
4121 Heron Way #108 Bradenton, FL	2.0	2.0	1144	$1,340	$1.17	25d	1	0.40mi
4129 Lake Bayshore Dr Unit C501 Bradenton, FL	2.0	2.0	1144	$1,600	$1.40	4d	1	0.40mi
3635 Lake Bayshore Dr Unit J410 Bradenton, FL	2.0	2.0	1144	$1,700	$1.49	25d	1	0.40mi
3737 Lake Bayshore Dr Unit 213 Bradenton, FL	2.0	1.0	912	$1,150	$1.26	22d	1	0.40mi
4109 Lake Bayshore Dr Bradenton, FL	1.0	1.0	768	$1,250	$1.63	25d	1	0.40mi
3506 14th St W Bradenton, FL	3.0	1.0–2.0	874	$1,725	$1.97	25d	5	0.55mi
1308 36th Ave W Bradenton, FL	1.0	1.0	715	$1,199	$1.68	25d	1	0.56mi
2004 49th Ave W Unit 2002 Bradenton, FL	2.0	2.0	1021	$1,950	$1.91	25d	1	0.59mi
4906 21st St W Bradenton, FL	2.0	1.0	918	$1,700	$1.85	17d	1	0.61mi
4705 27th St W Unit A Bradenton, FL	2.0	1.0	750	$1,325	$1.77	4d	1	0.62mi
4916 18th St W Unit B Bradenton, FL	2.0	2.0	1170	$1,650	$1.41	25d	1	0.65mi
5001 22nd St W Unit B Bradenton, FL	2.0	1.0	729	$1,700	$2.33	17d	1	0.68mi
4906 25th St W #101 Bradenton, FL	2.0	1.5	1070	$1,550	$1.45	25d	1	0.72mi
4812 27th St W Bradenton, FL	2.0	2.0	912	$1,599	$1.75	13d	1	0.73mi
4812 27th St W Unit 4812 Bradenton, FL	2.0	2.0	912	$1,545	$1.69	13d	1	0.73mi
919 34th Ave W Bradenton, FL	3.0	1.0	950	$1,599	$1.68	13d	1	0.76mi
5016 22nd St W Bradenton, FL	2.0	1.0	1400	$1,600	$1.14	4d	1	0.77mi
907 34th Ave W Unit B Bradenton, FL	3.0	1.0	1000	$1,795	$1.79	25d	1	0.77mi
907 34th Ave W Bradenton, FL	3.0	1.0	985	$1,599	$1.62	21d	1	0.77mi
2306 30th Ave W Bradenton, FL	3.0	2.0	945	$1,700	$1.80	25d	1	0.78mi
2835 50th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,610	$1.89	4d	16	0.82mi
655 Park Cir Bradenton, FL	1.0	1.5	816	$1,100	$1.35	25d	1	0.83mi
2901 26th St W #807 Bradenton, FL	2.0	2.0	940	$1,525	$1.62	4d	1	0.88mi
3512 32nd St W Bradenton, FL	2.0	1.0	1200	$2,100	$1.75	4d	1	0.90mi
915 50th Avenue Plz W Bradenton, FL	2.0	1.0	700	$1,200	$1.71	25d	1	0.90mi
4630 5th St W Ste 6 Bradenton, FL	2.0	1.0	1000	$1,600	$1.60	13d	1	0.90mi
5059 Live Oak Cir Unit 5059 Bradenton, FL	2.0	2.0	896	$1,900	$2.12	17d	1	0.92mi
707 50th Ave W Bradenton, FL	2.0	1.0	730	$1,150	$1.58	25d	1	0.96mi
304 47th Avenue Dr W #112 Bradenton, FL	1.0	1.0	725	$1,200	$1.66	25d	1	0.96mi
4810 Ho Wil Ln Unit 4810 Bradenton, FL	2.0	1.0	784	$1,600	$2.04	25d	1	0.97mi
5062 Live Oak Cir Unit 5026 Bradenton, FL	2.0	2.0	896	$1,545	$1.72	17d	1	0.97mi
5103 29th St W Bradenton, FL	2.0	2.0	1258	$2,600	$2.07	25d	1	0.99mi

HOA detail condo

• Monthly dues: $596 · $7,152/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-18
   days on market $119,000 Active 93 DOM
2. 2026-06-17
   days on market $119,000 Active 92 DOM
3. 2026-06-16
   days on market $119,000 Active 91 DOM
4. 2026-06-15
   days on market $119,000 Active 90 DOM
5. 2026-06-13
   days on market $119,000 Active 88 DOM
6. 2026-06-13
   days on market $119,000 Active 87 DOM
7. 2026-06-10
   days on market $119,000 Active 85 DOM
8. 2026-06-09
   days on market $119,000 Active 84 DOM
9. 2026-06-08
   days on market $119,000 Active 83 DOM
10. 2026-06-08
    days on market $119,000 Active 82 DOM
11. 2026-06-03
    days on market $119,000 Active 78 DOM
12. 2026-06-02
    days on market $119,000 Active 77 DOM
13. 2026-06-01
    days on market $119,000 Active 76 DOM
14. 2026-05-31
    days on market $119,000 Active 75 DOM
15. 2026-03-17
    listed $119,000 Active
16. 2011-11-16
    soldstatus $36,500 963-char remark

    Show marketing remark (963 chars)

    Extremely Economical living in this very well maintained 2 bedroom 2 bath condo in West Bradenton. Spacious living/dining room area flows into a small den perfect for your computer set up or as an extra sleeping area for guests. Lanai is very large andprivate with the view of tree tops and offers the relaxing sound of a fountain beyond the trees. Laundry hookups have been installed in the storage area of the lanai for owner's use, so utilizing the buildings public facility isn't necessary. The A/C unit was new in 2006. The master bedroom is very large and includes a dressing area, tiled bath and walk-in closet. The unit is turnkey furnished so buyer can move in and head straight to the beach located approximately 15 minutes away. Bayshore on the Lake is a large complex with heated pools, clubhouses, numerous activities, a large lake for fishing, and within walking distance of restaurants, stores and churches. Owner will look at any realistic offer!

17. 2011-10-10
    listed $39,900 963-char remark

    Show marketing remark (963 chars)

    Extremely Economical living in this very well maintained 2 bedroom 2 bath condo in West Bradenton. Spacious living/dining room area flows into a small den perfect for your computer set up or as an extra sleeping area for guests. Lanai is very large andprivate with the view of tree tops and offers the relaxing sound of a fountain beyond the trees. Laundry hookups have been installed in the storage area of the lanai for owner's use, so utilizing the buildings public facility isn't necessary. The A/C unit was new in 2006. The master bedroom is very large and includes a dressing area, tiled bath and walk-in closet. The unit is turnkey furnished so buyer can move in and head straight to the beach located approximately 15 minutes away. Bayshore on the Lake is a large complex with heated pools, clubhouses, numerous activities, a large lake for fishing, and within walking distance of restaurants, stores and churches. Owner will look at any realistic offer!

18. 2011-02-04
    listed $49,900
19. 2010-05-10
    listed $53,900
20. 2009-03-24
    listed $79,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,022
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − HOA: −$7,152
• − Depreciation: −$3,462
• Taxable loss: −$2,842
• Est. tax savings @ 24.0%: +$682
• After-tax cash flow: $-522/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 — South Bradenton

• Score: 77/100
• State rank: #195
• US rank: #3092

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Bradenton, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 31,946
• Household income: $52,525
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1736.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 18% Black 10% Two or more races 9% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 4% Cuban 1%
• Common ancestry: Hispanic 2% Romanian 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 78% English-only · Spanish 14% French/Haitian/Cajun 2% German/W. Germanic 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: ▼ -310.18%
• Current HPI: 369.8239
• Rent YoY: ▼ -2.43%
• 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

+50.6% since first listed

6 events — show timeline

• 2026-03-17 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2011-11-16 Sold (MLS) $36,500 Stellar MLS as Distributed by MLS Grid
• 2011-10-10 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2011-02-04 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2010-05-10 Listed $53,900 Stellar MLS as Distributed by MLS Grid
• 2009-03-24 Listed $79,000 Stellar MLS as Distributed by MLS Grid