292 Flora Mana Ln · Palmetto, FL 34221

$90,000

2 bd · 1.0 ba · 576 sqft · Manufactured public records · 7 Days on market

Built 1966 3,180 sqft lot Est $78k · 15% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is located in Jet Mobile home park, a fifty five plus community. This is a 1966 manufactured home 2 Bed 1 Baths. 50' x 12 plus extra room 20 x 12. Located on a extra large corner lot. Total area 840 sq ft. Larger than most. List price includes the full price of the co op share. The monthly maintenance fee of $125.00 includes park maintenance, water, trash collection and use of all the facilities including the club hall, boat ramp and sports activities. The park is located next to the Manatee river and has full water access with its own park boat ramp. Private boat docks and houses can be rented when available. During the winter months this is a very sociable and friendly park with lots to do and hundreds of friends to make. At least one owner has to be 55 or older with a minimum age of 45 for other residents. Convenient to supermarkets, banks and bus routes. No Pets or leasing allowed.

Key facts

• Convenient to banks
• Private boat docks
• Full water access

Tags

• EXTRA LARGE CORNER LOT
• FULL WATER ACCESS
• PARK BOAT RAMP
• PRIVATE BOAT DOCKS
• CONVENIENT TO SUPERMARKETS
• CONVENIENT TO BANKS

Property features AI

Finance

• Other: Located in a residential cooperative (Unit A71, Jet Mobile Home Park Sec One)
• HOA & community: Homeowners association present

Exterior

• Parking: Carport (1 space)
• Utilities: Public water
• Home design: Residential mobile home; One level
• Construction: Metal siding; Metal roof
• Exterior features: Rear screened porch; Paved road access

Interior

• Flooring: Other
• Bathrooms: 1 full bathroom
• Heating & cooling: No central heating; Wall unit cooling
• Interior features: Other flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Cap rate 15.9% vs local median 2.0% in Palmetto — 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 (#346 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, 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: James Tillman Elementary Magnet School (math 65% / reading 34%, grade D, #1,088 of 2,144 statewide, top 53%, 520 students, 74% FRL); Palmetto High School (math 22% / reading 36%, grade F, #456 of 667 statewide, top 68%, 2,100 students, 61% FRL) — zoned schools average 68% FRL vs 51% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 52% district-wide (-13 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 (-3.0%/yr); 1170 active listings in the ZIP; 7 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 $622 of loan paydown is wiped out by about $3k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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 $20k; list at $90k implies a 350% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,000

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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 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: 1.84% ✓
• Cap rate: 15.85%
• Cash-on-cash: 34.14%
• DSCR: 2.52
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $78,336
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
171 4th St W	0.04mi	1/1.0 (-1)	552 (-4%)	1mo	$75,000	$136	85
267 Melody Ln	0.01mi	1/1.0 (-1)	552 (-4%)	5mo	$55,000	$100	84

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: -0.8%
• Equity multiple: 0.97×
• Total profit: $-684
• Equity at exit: $13,419

10-year hold

• IRR: 3.7%
• Equity multiple: 1.22×
• Total profit: $5,520
• Equity at exit: $7,782

Cash invested: $25,200 (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 34221

• Rents YoY: -3.0%
• Active inventory: 1170
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,659 high
• Mortgage (P&I): −$472
• Tax from tax record: −$84 /mo · $1,014/yr
• Insurance: −$38
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $290

Break-even live

Break-even rent $1,292

Max offer price $90,000

Occupancy floor 78%

Sensitivity live

Price	-10% $341	-5% $316	+0% $290	+5% $265	+10% $239
Rent	-10% $159	-5% $225	+0% $290	+5% $356	+10% $421
Rate	-1.0pp $336	-0.5pp $313	base $290	+0.5pp $267	+1.0pp $243

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
522 7th Ave W Unit 3 Palmetto, FL	1.0	1.0	535	$1,195	$2.23	25d	1	0.31mi
507 10th Ave W Palmetto, FL	2.0	1.0	737	$1,495	$2.03	17d	1	0.56mi
516 12th St W Unit A Palmetto, FL	2.0	1.0	612	$1,350	$2.21	17d	1	0.73mi
518 12th St W Palmetto, FL	2.0	1.0	612	$1,350	$2.21	17d	1	0.73mi
210 3rd St W Bradenton, FL	1.0–3.0	1.0–2.0	1094	$1,954	$1.79	3d	1	0.97mi
606 3rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1090	$1,768	$1.62	3d	23	1.05mi
102 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1035	$1,962	$1.90	3d	14	1.23mi

Listing history 7 events

1. 2026-05-20
   listed $90,000 Active
2. 2017-01-30
   soldstatus $20,000 Sold 908-char remark

   Show marketing remark (908 chars)

   This home is located in Jet Mobile home park, a fifty five plus community. This is a 1966 manufactured home 2 Bed 1 Baths. 50' x 12 plus extra room 20 x 12. Located on a extra large corner lot. Total area 840 sq ft. Larger than most. List price includes the full price of the co op share. The monthly maintenance fee of $125.00 includes park maintenance, water, trash collection and use of all the facilities including the club hall, boat ramp and sports activities. The park is located next to the Manatee river and has full water access with its own park boat ramp. Private boat docks and houses can be rented when available. During the winter months this is a very sociable and friendly park with lots to do and hundreds of friends to make. At least one owner has to be 55 or older with a minimum age of 45 for other residents. Convenient to supermarkets, banks and bus routes. No Pets or leasing allowed.

3. 2016-11-23
   status Pending 908-char remark

   Show marketing remark (908 chars)

   This home is located in Jet Mobile home park, a fifty five plus community. This is a 1966 manufactured home 2 Bed 1 Baths. 50' x 12 plus extra room 20 x 12. Located on a extra large corner lot. Total area 840 sq ft. Larger than most. List price includes the full price of the co op share. The monthly maintenance fee of $125.00 includes park maintenance, water, trash collection and use of all the facilities including the club hall, boat ramp and sports activities. The park is located next to the Manatee river and has full water access with its own park boat ramp. Private boat docks and houses can be rented when available. During the winter months this is a very sociable and friendly park with lots to do and hundreds of friends to make. At least one owner has to be 55 or older with a minimum age of 45 for other residents. Convenient to supermarkets, banks and bus routes. No Pets or leasing allowed.

4. 2016-10-27
   listed $30,000 Active 908-char remark

   Show marketing remark (908 chars)

   This home is located in Jet Mobile home park, a fifty five plus community. This is a 1966 manufactured home 2 Bed 1 Baths. 50' x 12 plus extra room 20 x 12. Located on a extra large corner lot. Total area 840 sq ft. Larger than most. List price includes the full price of the co op share. The monthly maintenance fee of $125.00 includes park maintenance, water, trash collection and use of all the facilities including the club hall, boat ramp and sports activities. The park is located next to the Manatee river and has full water access with its own park boat ramp. Private boat docks and houses can be rented when available. During the winter months this is a very sociable and friendly park with lots to do and hundreds of friends to make. At least one owner has to be 55 or older with a minimum age of 45 for other residents. Convenient to supermarkets, banks and bus routes. No Pets or leasing allowed.

5. 2013-12-27
   historical
6. 2011-02-23
   listed $45,000
7. 1992-12-18
   soldstatus $17,800

ⓘ 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: $1,014 · $84/mo
• Projected year-2 tax: $1,014 · $84/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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: $19,912
• − Mortgage interest: −$5,041
• − Property taxes: −$1,014
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,593
• − Management: −$1,593
• − Depreciation: −$2,618
• Taxable income: $2,484
• Est. tax owed @ 24.0%: −$596
• After-tax cash flow: $2,888/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 — Palmetto

• Score: 72/100
• State rank: #346
• US rank: #5695

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmetto, FL
• County: Manatee County · 416,364 people
• City population: 56,208
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 56,208
• Household income: $77,712
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 1193.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 59% Hispanic / Latino 22% Black 14% Two or more races 11%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, Dominican Republic, Jamaica
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -383.53%
• Current HPI: 302.1458
• Rent YoY: ▼ -2.98%
• 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

+405.6% since first listed

7 events — show timeline

• 2026-05-20 Listed $90,000 HAOR as distributed by MLS GRID
• 2017-01-30 Sold (MLS) $20,000 Stellar MLS as Distributed by MLS Grid
• 2016-11-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-10-27 Listed $30,000 Stellar MLS as Distributed by MLS Grid
• 2013-12-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-02-23 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 1992-12-18 Sold (Public Records) $17,800 Public Records

Property tax history

+3.5%/yr

Latest (2025): $1,014 · +7.9% YoY. Source: county tax records.