345 Springdale Dr #345 · South Bradenton, FL 34210

$120,000

2 bd · 2.0 ba · 1,304 sqft · Condo · 2 Days on market

Built 1978 Fair condition $628/mo HOA · 30% 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 +22.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.2/5.0
• Rent growth +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Priced to sell and offered at an incredible value, this is one of the best opportunities to own in Wildewood Springs! Welcome home to Wildewood Springs—one of West Bradenton’s best-kept secrets! Tucked away from the hustle and bustle, this breathtaking 88-acre Audubon-certified bird and wildlife sanctuary offers a peaceful retreat surrounded by lush tropical landscaping, mature trees, and scenic walking paths. Residents enjoy an exceptional resort-style lifestyle with multiple heated pools and spas, a dedicated lap pool, tennis and pickleball courts, kayak storage, and convenient on-site management. This highly desirable ground-floor 2-bedroom, 2-bath residence welcomes you with

Key facts

• Dedicated lap pool
• Scenic walking paths
• Kayak storage

Tags

• LUSH TROPICAL LANDSCAPING
• SCENIC WALKING PATHS
• MULTIPLE HEATED POOLS
• DEDICATED LAP POOL
• TENNIS AND PICKLEBALL COURTS
• KAYAK STORAGE

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Total monthly fees shown as $618; total annual fees shown as $7,416
• HOA & community: Has HOA; Monthly condo fee $618 (quarterly term listed as $1,854); HOA covers cable TV, common area taxes, pool, escrow reserves, insurance, structure maintenance, grounds maintenance, sewer, trash and water; Association approval required; Clubhouse in community; Cats and dogs allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Sewer connected; Water connected
• Home design: Condominium; Residential property; Single-story; Faces west; Entry on level 1
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of a larger building (building name unknown)
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Washer; Dryer; Laundry area in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $120k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 8.2% vs local median 4.1% 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 falling (-6.1%/yr); 549 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 39% of the median local income ($64k/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 $830 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.74% ✓
• Cap rate: 8.21%
• Cash-on-cash: 6.84%
• DSCR: 1.30
• GRM: 4.8

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: -11.1%
• Equity multiple: 0.61×
• Total profit: $-12,940
• Equity at exit: $17,892

10-year hold

• IRR: -11.2%
• Equity multiple: 0.48×
• Total profit: $-17,497
• Equity at exit: $10,375

Cash invested: $33,600 (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 34210

• Rents YoY: -6.1%
• Active inventory: 549
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,087 high
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,800/yr
• Insurance: −$50
• HOA: −$628
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $192

Break-even live

Break-even rent $1,845

Max offer price $120,000

Occupancy floor 86%

Sensitivity live

Price	-10% $275	-5% $233	+0% $192	+5% $150	+10% $109
Rent	-10% $27	-5% $109	+0% $192	+5% $274	+10% $357
Rate	-1.0pp $252	-0.5pp $222	base $192	+0.5pp $161	+1.0pp $129

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
346 Springdale Dr Unit 346 Bradenton, FL	2.0	2.0	1304	$1,900	$1.46	24d	1	0.03mi
283 Sherwood Dr Bradenton, FL	2.0	2.0	1304	$1,800	$1.38	24d	1	0.09mi
303 Springdale Dr #303 Bradenton, FL	2.0	2.0	1304	$1,999	$1.53	4d	1	0.11mi
434 Palm Tree Dr #434 Bradenton, FL	2.0	2.0	1728	$1,900	$1.10	24d	1	0.14mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	24d	1	0.14mi
452 Palm Tree Dr Unit 452 Bradenton, FL	2.0	2.0	1304	$1,595	$1.22	4d	1	0.19mi
655 Woodlawn Dr Unit 655 Bradenton, FL	2.0	2.0	1148	$1,600	$1.39	24d	1	0.26mi
586 Lakeside Dr Unit 586 Bradenton, FL	2.0	2.0	940	$3,200	$3.40	24d	1	0.28mi
577 Lakeside Dr Bradenton, FL	2.0	2.0	1728	$2,000	$1.16	24d	1	0.28mi
4655 46th Street Ct W #103 Bradenton, FL	2.0	2.0	1141	$600	$0.53	4d	1	0.30mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	16d	1	0.32mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,810	$1.78	2d	32	0.34mi
183 Pineneedle Dr Bradenton, FL	2.0	2.0	1304	$1,800	$1.38	24d	1	0.39mi
184 Pineneedle Dr Bradenton, FL	2.0	2.0	940	$2,100	$2.23	24d	1	0.39mi
142 Pineneedle Dr Unit 142U Bradenton, FL	2.0	2.0	1408	$2,395	$1.70	24d	1	0.39mi
3909 45th Ter W #106 Bradenton, FL	2.0	2.5	1429	$1,800	$1.26	16d	1	0.41mi
108 Pinehurst Dr Bradenton, FL	2.0	2.0	1408	$2,500	$1.78	24d	1	0.41mi
206 Lakewood Dr Unit 206 Bradenton, FL	2.0	2.0	940	$2,700	$2.87	24d	1	0.43mi
3715 45th Ter W Bradenton, FL	2.0	2.5	1429	$1,695	$1.19	24d	1	0.45mi
3825 45th Ter W #104 Bradenton, FL	2.0	2.5	1429	$1,550	$1.08	24d	1	0.45mi
3603 45th Ter W #101 Bradenton, FL	3.0	2.5	1200	$1,800	$1.50	4d	1	0.45mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,800	$1.94	2d	27	0.46mi
5125 39th St W Unit 1545695P Bradenton, FL	3.0	2.0	1593	$4,526	$2.84	15d	1	0.48mi
132 Wild Palm Dr #132 Bradenton, FL	2.0	2.0	1304	$3,400	$2.61	24d	1	0.49mi
146 Wild Palm Dr #146 Bradenton, FL	2.0	2.0	1500	$2,500	$1.67	24d	1	0.49mi
133 Wild Palm Dr #133 Bradenton, FL	2.0	2.0	1408	$2,350	$1.67	24d	1	0.49mi
3441 51st Avenue Cir W Unit 213 Bradenton, FL	3.0	2.0	1823	$3,900	$2.14	24d	1	0.50mi
3424 51st Avenue Cir W Bradenton, FL	2.0	2.0	1538	$2,100	$1.37	4d	1	0.55mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,675	$2.16	11d	9	0.55mi
4570 Pinebrook Cir #304 Bradenton, FL	2.0	2.0	1256	$3,100	$2.47	24d	1	0.58mi
4220 Pinebrook Cir #14 Bradenton, FL	2.0	2.0	1534	$2,300	$1.50	20d	1	0.61mi
3277 51st Avenue Dr W Bradenton, FL	3.0	2.0	995	$1,760	$1.77	4d	1	0.63mi
4107 41st St W Bradenton, FL	3.0	2.0	1419	$3,700	$2.61	24d	1	0.63mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$2,412	$2.68	22d	10	0.68mi
4148 53rd Ave W Unit 1210 Bradenton, FL	2.0	2.0	1071	$1,932	$1.80	4d	1	0.68mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$2,550	$2.58	2d	1	0.68mi
4148 53rd Ave W Unit 0314 Bradenton, FL	2.0	2.0	1071	$1,967	$1.84	24d	1	0.68mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	24d	1	0.69mi
5027 31st St W Bradenton, FL	2.0	2.0	972	$3,600	$3.70	22d	1	0.69mi
4460 Fairways Blvd #606 Bradenton, FL	2.0	2.0	1256	$2,000	$1.59	16d	1	0.71mi

HOA detail condo

• Monthly dues: $628 · $7,536/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-18
   days on market $120,000 Active 2 DOM
2. 2026-06-16
   remarks 687-char remark
3. 2026-06-16
   listed $120,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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: $25,047
• − Mortgage interest: −$6,722
• − Property taxes: −$1,800
• − Insurance: −$600
• − Repairs & maintenance: −$2,004
• − Management: −$2,004
• − HOA: −$7,536
• − Depreciation: −$3,491
• Taxable income: $891
• Est. tax owed @ 24.0%: −$214
• After-tax cash flow: $2,086/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This townhouse requires moderate repairs and updates to its interior and exterior, including painting and kitchen updates, to significantly enhance its value for resale or rental.

Repairs flagged

• Minor Kitchen cabinets — Aesthetic update needed to modernize the space.
• Minor Bathroom vanity — Update to fixtures and vanity for a fresh look.
• Moderate Exterior paint — Paint is faded and needs a fresh coat for curb appeal.
• Moderate Interior paint — Paint is chipped in some areas and needs touch-ups.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can significantly improve the home's curb appeal and interior aesthetics, enhancing both resale and rental value.
• Both Updating the kitchen cabinets and countertops — Modernizing the kitchen can increase the home's appeal and functionality, making it more attractive to buyers and renters.
• Both Landscaping and curb appeal improvements — A well-maintained exterior can enhance the home's value and attract more potential buyers and renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Aesthetic update needed to modernize the space.	Minor	$500–3,000
Bathroom vanity · Update to fixtures and vanity for a fresh look.	Minor	$500–3,000
Exterior paint · Paint is faded and needs a fresh coat for curb appeal.	Moderate	$3,000–15,000
Interior paint · Paint is chipped in some areas and needs touch-ups.	Moderate	$3,000–15,000
Total estimated repair cost · 4 items		$7,000–36,000

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can significantly improve the home's curb appeal and interior aesthetics, enhancing both resale and rental value. ↑
• Both Updating the kitchen cabinets and countertops — Modernizing the kitchen can increase the home's appeal and functionality, making it more attractive to buyers and renters. ↑
• Both Landscaping and curb appeal improvements — A well-maintained exterior can enhance the home's value and attract more potential buyers and renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 17,682
• Household income: $64,244
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 895.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 20% Black 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3% Cuban 7%
• Common ancestry: Hispanic 4% Romanian 3% Lithuanian 3%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 76% English-only · Spanish 15% French/Haitian/Cajun 4% 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: ▼ -162.68%
• Current HPI: 246.9247
• Rent YoY: ▼ -6.08%
• 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

1 event — show timeline

• 2026-06-16 Listed $120,000 Stellar MLS as Distributed by MLS Grid