220 62nd St NW · West Bradenton, FL 34209

$357,900

3 bd · 2.0 ba · 1,569 sqft · SingleFamily public records · 10 Days on market

Built 1967 9,975 sqft lot Est $455k · 21% under

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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 +15.4/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great NW Bradenton location 3BR/2Bt split design pool home. Updated with new lights, doors and knobs, vinyl clad windows, newly renovated master bathroom with new tile floors and shower. MBR has walk in closet. Blinds on most of the windows in house. TheFlorida room was a converted porch that is now air conditioned and enclosed. There is also separate screened in porch along with lots of outside stone decks off of the above ground pool, which was just serviced. Stainless steel appliances include range/oven, built in microwave, side by side ref with ice/water in door, double SS sink. Bedroom and dining room have sliding doors to the FL room. Tile in most of the house. Guest bath has bead board and tub/shower combo. Big fenced yard with covered carportand extra wide driveway. Nice house ready to move in. Quite dead end street. New paint inside and out. Room through the fence gate to store RV/Boat or trailer out of site. Utility shed in rear.

Key facts

• Raised platform deck
• Screened lanai
• Decorative tile

Tags

• UPDATED KITCHEN
• NEW LVP FLOORING
• DECORATIVE TILE
• FULLY FENCED YARD
• RAISED PLATFORM DECK
• SCREENED LANAI

Property features AI

Finance

• Other: Lot about 0.23 acres; Asphalt public maintained road
• Financial info: No lease restrictions indicated
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Covered parking; 1-car carport
• Security: Fire alarm
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; One level; Completed condition; Faces east
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with approximately 1,569 living area (public records)
• Exterior features: Screened patio/porch; Private mailbox; Rain gutters; Sliding doors; Vinyl fencing; Shed(s)

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Solid wood cabinets; Walk-in closet(s); Fire alarm
• Laundry & utility: Inside laundry; Laundry closet; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $358k.

Deal economics

• At list price, monthly cash flow is $137 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $291k (18.6% below list).
• Recommended offer: $291k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.5% in West 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 72/100 on livability (#335 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, 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.
• Zoned schools: Palma Sola Elementary School (math 72% / reading 59%, grade B+, #500 of 2,144 statewide, top 24%, 434 students, 56% FRL); Martha B. King Middle School (math 48% / reading 39%, grade D, #329 of 571 statewide, top 58%, 848 students, 63% FRL); Manatee High School (math 32% / reading 47%, grade F, #304 of 667 statewide, top 47%, 1,983 students, 59% FRL).
• Market conditions: Rents soft (-0.3%/yr); 514 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• This rent runs 43% of the median local income ($82k/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 $2k of loan paydown is wiped out by about $11k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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 $157k; list at $358k implies a 128% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $291,464 (18.6% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $455,010
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 62nd St NW	0.00mi	3/2.0	1,569 (0%)	1mo	$350,000	$223	100
6508 1st Ave W	0.23mi	3/2.0	1,475 (-6%)	1mo	$295,000	$200	79
5603 1st Avenue Dr NW	0.41mi	2/2.0 (-1)	1,573 (+0%)	3mo	$399,000	$254	73
403 61st St NW	0.11mi	2/2.0 (-1)	1,394 (-11%)	3mo	$437,000	$313	68
5715 2nd Avenue Dr NW	0.31mi	3/2.0	1,422 (-9%)	3mo	$411,000	$289	67
5723 1st Avenue Dr W	0.32mi	3/2.0	1,404 (-10%)	2mo	$570,000	$406	66
219 57th Street Ct W	0.38mi	2/2.0 (-1)	1,447 (-8%)	2mo	$480,000	$332	62
116 68th St NW	0.41mi	3/2.0	1,734 (+10%)	3mo	$605,000	$349	61
808 60th St NW	0.36mi	3/2.0	1,772 (+13%)	2mo	$540,000	$305	60
6613 9th Ave W	0.71mi	2/2.0 (-1)	1,603 (+2%)	3mo	$299,000	$187	56
5918 8th Avenue Dr W	0.60mi	2/2.0 (-1)	1,675 (+7%)	2mo	$460,000	$275	54
5501 3rd Avenue Plz W	0.53mi	2/2.0 (-1)	1,380 (-12%)	2mo	$400,000	$290	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-57,977
• Equity at exit: $53,364

10-year hold

• IRR: -14.4%
• Equity multiple: 0.27×
• Total profit: $-72,876
• Equity at exit: $30,945

Cash invested: $100,212 (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: 10.2×

Monthly cashflow live

• Estimated rent: $2,915 high
• Mortgage (P&I): −$1,877
• Tax from tax record: −$140 /mo · $1,679/yr
• Insurance: −$149
• HOA: −$0
• Vacancy / Maint / Mgmt: −$612
• Net cashflow: $137

Break-even live

Break-even rent $2,742

Max offer price $357,900

Occupancy floor 90%

Sensitivity live

Price	-10% $339	-5% $238	+0% $137	+5% $35	+10% $-66
Rent	-10% $-94	-5% $22	+0% $137	+5% $252	+10% $367
Rate	-1.0pp $317	-0.5pp $228	base $137	+0.5pp $44	+1.0pp $-50

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: $89,475
• Closing costs: $10,737
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6102 7th Ave W Unit 6102 Bradenton, FL	2.0	2.0	1050	$2,600	$2.48	25d	1	0.42mi
5513 3rd Avenue Plz W Bradenton, FL	3.0	2.0	1282	$2,019	$1.57	5d	1	0.49mi
6904 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1068	$2,050	$1.92	3d	76	0.50mi
6448 7th Avenue Cir W Bradenton, FL	3.0	2.0	1482	$3,100	$2.09	25d	1	0.53mi
6446 7th Avenue Cir W Unit 6446 Bradenton, FL	2.0	2.0	1440	$2,400	$1.67	25d	1	0.54mi
5911 7th Avenue Dr W Bradenton, FL	3.0	2.0	1684	$2,595	$1.54	25d	1	0.55mi
6618 7th Ave Cir W #1404 Bradenton, FL	2.0	2.0	1440	$3,400	$2.36	25d	1	0.60mi
6646 7th Avenue Cir W Bradenton, FL	2.0	2.0	1440	$2,500	$1.74	25d	1	0.60mi
6640 7th Avenue Cir W Unit 1513 Bradenton, FL	3.0	2.0	1610	$3,600	$2.24	25d	1	0.61mi
1212 63rd St NW Bradenton, FL	4.0	3.0	2011	$3,900	$1.94	25d	1	0.61mi
6652 7th Avenue Cir W Bradenton, FL	3.0	2.0	1495	$2,800	$1.87	16d	1	0.62mi
109 53rd St W Bradenton, FL	3.0	2.5	1492	$2,700	$1.81	25d	1	0.64mi
6817 11th Ave NW Bradenton, FL	3.0	2.0	1308	$3,200	$2.45	25d	1	0.67mi
5132 1st Ave W Bradenton, FL	3.0	2.0	1249	$2,500	$2.00	17d	1	0.67mi
6108 10th Ave W Bradenton, FL	3.0	2.0	1534	$7,000	$4.56	25d	1	0.71mi
7412 5th Ave NW Bradenton, FL	3.0	2.0	1608	$2,900	$1.80	16d	1	0.75mi
912 72nd St NW Bradenton, FL	3.0	2.0	1544	$3,800	$2.46	25d	1	0.78mi
7507 4th Ave W Unit 1546087P Bradenton, FL	3.0	2.0	1474	$2,258	$1.53	17d	1	0.87mi
4815 3rd Ave NW Bradenton, FL	3.0	2.0	1510	$3,600	$2.38	21d	1	0.89mi
1225 56th St W Bradenton, FL	2.0	2.0	1222	$1,800	$1.47	4d	1	0.97mi
7707 9th Avenue Dr NW Bradenton, FL	3.0	2.0	1785	$4,500	$2.52	25d	1	1.00mi
1208 76th St NW Bradenton, FL	3.0	2.0	2116	$3,500	$1.65	25d	1	1.07mi
7909 4th Ave W #12 Bradenton, FL	3.0	2.0	1900	$2,895	$1.52	25d	1	1.11mi
1008 Estremadura Dr Bradenton, FL	3.0	2.0	1698	$2,995	$1.76	25d	1	1.14mi
5111 13th Avenue Dr W Bradenton, FL	3.0	2.0	1778	$3,700	$2.08	25d	1	1.14mi
4607 7th Ave W Bradenton, FL	3.0	1.0	1296	$1,950	$1.50	25d	1	1.15mi
7207 15th Avenue Dr W Bradenton, FL	3.0	2.0	1719	$3,495	$2.03	25d	1	1.22mi
709 84th St NW Bradenton, FL	3.0	2.0	1360	$3,500	$2.57	21d	1	1.35mi
6914 20th Ave W Bradenton, FL	2.0	2.0	1383	$2,795	$2.02	17d	1	1.39mi
6415 21st Ave W Bradenton, FL	1.0–2.0	1.0–2.0	1150	$1,896	$1.65	5d	5	1.40mi
4904 19th Ave W Bradenton, FL	3.0	2.0	1762	$4,000	$2.27	16d	1	1.49mi
1716 81st St NW Bradenton, FL	3.0	2.0	1528	$4,500	$2.95	25d	1	1.50mi

Listing history 8 events

1. 2026-05-02
   status Pending
2. 2026-04-22
   listed $357,900 Active
3. 2013-12-16
   soldstatus $157,000
4. 2013-12-10
   soldstatus $157,000 953-char remark

   Show marketing remark (953 chars)

   Great NW Bradenton location 3BR/2Bt split design pool home. Updated with new lights, doors and knobs, vinyl clad windows, newly renovated master bathroom with new tile floors and shower. MBR has walk in closet. Blinds on most of the windows in house. TheFlorida room was a converted porch that is now air conditioned and enclosed. There is also separate screened in porch along with lots of outside stone decks off of the above ground pool, which was just serviced. Stainless steel appliances include range/oven, built in microwave, side by side ref with ice/water in door, double SS sink. Bedroom and dining room have sliding doors to the FL room. Tile in most of the house. Guest bath has bead board and tub/shower combo. Big fenced yard with covered carportand extra wide driveway. Nice house ready to move in. Quite dead end street. New paint inside and out. Room through the fence gate to store RV/Boat or trailer out of site. Utility shed in rear.

5. 2013-10-15
   listed $159,500 953-char remark

   Show marketing remark (953 chars)

   Great NW Bradenton location 3BR/2Bt split design pool home. Updated with new lights, doors and knobs, vinyl clad windows, newly renovated master bathroom with new tile floors and shower. MBR has walk in closet. Blinds on most of the windows in house. TheFlorida room was a converted porch that is now air conditioned and enclosed. There is also separate screened in porch along with lots of outside stone decks off of the above ground pool, which was just serviced. Stainless steel appliances include range/oven, built in microwave, side by side ref with ice/water in door, double SS sink. Bedroom and dining room have sliding doors to the FL room. Tile in most of the house. Guest bath has bead board and tub/shower combo. Big fenced yard with covered carportand extra wide driveway. Nice house ready to move in. Quite dead end street. New paint inside and out. Room through the fence gate to store RV/Boat or trailer out of site. Utility shed in rear.

6. 2013-05-02
   soldstatus $70,000
7. 2012-11-08
   listed $70,000
8. 1996-05-09
   soldstatus $81,900

ⓘ 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: $1,679 · $140/mo
• Projected year-2 tax: $2,971 · $248/mo
• Expected delta: +$1,292/yr (+$108/mo · 76.9%)

ⓘ 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 ≥107°F today · 32 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: $34,976
• − Mortgage interest: −$20,048
• − Property taxes: −$1,679
• − Insurance: −$1,790
• − Repairs & maintenance: −$2,798
• − Management: −$2,798
• − Depreciation: −$10,412
• Taxable loss: −$4,548
• Est. tax savings @ 24.0%: +$1,092
• After-tax cash flow: $2,732/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 — West Bradenton

• Score: 72/100
• State rank: #335
• US rank: #5798

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Bradenton, FL
• County: Manatee County · 416,364 people
• 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

+337.0% since first listed

8 events — show timeline

• 2026-05-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $357,900 Stellar MLS as Distributed by MLS Grid
• 2013-12-16 Sold (Public Records) $157,000 Public Records
• 2013-12-10 Sold (MLS) $157,000 Stellar MLS as Distributed by MLS Grid
• 2013-10-15 Listed $159,500 Stellar MLS as Distributed by MLS Grid
• 2013-05-02 Sold (Public Records) $70,000 Public Records
• 2012-11-08 Listed $70,000 Stellar MLS as Distributed by MLS Grid
• 1996-05-09 Sold (Public Records) $81,900 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,679 · +4.4% YoY. Source: county tax records.