617 32nd St W · Bradenton, FL 34205

$241,200

3 bd · 2.0 ba · 1,931 sqft · SingleFamily public records · 21 Days on market

Built 1948 0.36 ac lot Est $463k · 48% under

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Why this score? — see what drove the B- 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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.5/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Auction Property. This fixer upper will require your renovation ideas. Home is in poor condition and may be a possible tear down. Home features 3 beds, 2 baths, living room, dining room, and the home sits on a large lot. Imagine all the possibilities here. Repairs are needed inside and out but well worth the effort. Home will need windows, doors, floors and multiple other updates. CAUTION - some floors may be damages and MOLD may be present. Property is sold AS-IS with NO repairs.

Key facts

• 0.36 acre lot
• Built 1948
• Listed 21 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $241k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $241k).
• Recommended offer: $238k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.8% 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: Jessie P. Miller Elementary School (math 61% / reading 53%, grade C+, #781 of 2,144 statewide, top 38%, 614 students, 66% 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 (-2.4%/yr); 319 active listings in the ZIP; 23 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).
• At $2,783/mo this rent would consume 64% of the median local household income ($53k/yr) (locally 1736% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 21 days — a 2% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $47k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $241k implies a 589% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,582 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — 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. 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?
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: 1.15% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.07%
• DSCR: 1.40
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $463,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
719 35th St W	0.17mi	4/2.0 (+1)	1,891 (-2%)	4mo	$400,000	$212	81
316 30th St W	0.24mi	3/3.0	2,062 (+7%)	3mo	$700,000	$339	71
218 32nd St W	0.26mi	3/2.0	1,696 (-12%)	0mo	$446,000	$263	67
202 22nd St W	0.65mi	3/2.0	1,872 (-3%)	1mo	$450,000	$240	64
2906 9th Ave W	0.22mi	3/2.0	1,663 (-14%)	4mo	$355,000	$213	63
401 27th St W	0.35mi	3/2.5	1,723 (-11%)	1mo	$439,900	$255	63
3223 1st Ave W	0.36mi	3/2.0	1,693 (-12%)	1mo	$430,000	$254	62
320 25th St W	0.47mi	3/2.5	2,069 (+7%)	4mo	$480,000	$232	61
719 22nd St W	0.63mi	4/2.5 (+1)	2,014 (+4%)	2mo	$349,000	$173	55
3704 17th Ave W	0.68mi	3/2.0	1,755 (-9%)	0mo	$358,000	$204	52
216 24th St W	0.55mi	2/3.0 (-1)	1,698 (-12%)	4mo	$227,500	$134	42
1933 3rd Ave W	0.75mi	3/2.0	2,202 (+14%)	5mo	$717,000	$326	38

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: -6.0%
• Equity multiple: 0.78×
• Total profit: $-14,674
• Equity at exit: $35,964

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-2,213
• Equity at exit: $20,855

Cash invested: $67,536 (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: 7.2×

Monthly cashflow live

• Estimated rent: $2,783 high
• Mortgage (P&I): −$1,265
• Tax from tax record: −$323 /mo · $3,876/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$585
• Net cashflow: $510

Break-even live

Break-even rent $2,137

Max offer price $241,200

Occupancy floor 77%

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: $60,300
• Closing costs: $7,236
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 22nd St W Unit 1071597P Bradenton, FL	3.0	2.0	1582	$4,235	$2.68	2d	1	0.58mi
3807 16th Ave W Bradenton, FL	3.0	2.0	1491	$2,100	$1.41	23d	1	0.70mi
1214 21st St W Bradenton, FL	3.0	3.0	1841	$4,300	$2.34	23d	1	0.74mi
3301 19th Ave W Bradenton, FL	4.0	2.0	1750	$7,200	$4.11	23d	1	0.79mi
4607 7th Ave W Bradenton, FL	3.0	1.0	1296	$1,950	$1.50	23d	1	0.87mi
1623 8th Ave W Bradenton, FL	3.0	2.0	1650	$3,500	$2.12	1d	1	0.92mi
3109 22nd Ave W Bradenton, FL	3.0	2.0	1509	$2,541	$1.68	11d	1	0.98mi
4215 18th Avenue Dr W Bradenton, FL	4.0	2.0	2031	$2,995	$1.47	10d	1	0.99mi
1650 1st Ave W Unit 507B Bradenton, FL	2.0	2.0	1269	$2,300	$1.81	23d	1	1.03mi
2004 20th Ave W Bradenton, FL	3.0	2.0	1650	$2,395	$1.45	23d	1	1.08mi
1400 1st Ave W #504 Bradenton, FL	2.0	2.0	1280	$2,295	$1.79	23d	1	1.13mi
4815 3rd Ave NW Bradenton, FL	3.0	2.0	1510	$3,600	$2.38	19d	1	1.14mi
5111 13th Avenue Dr W Bradenton, FL	3.0	2.0	1778	$3,700	$2.08	23d	1	1.28mi
5132 1st Ave W Bradenton, FL	3.0	2.0	1249	$2,500	$2.00	16d	1	1.30mi
4904 19th Ave W Bradenton, FL	3.0	2.0	1762	$4,000	$2.27	14d	1	1.31mi
109 53rd St W Bradenton, FL	3.0	2.5	1492	$2,700	$1.81	23d	1	1.32mi
2001 25th Ave W Bradenton, FL	3.0	2.0	1370	$3,000	$2.19	19d	1	1.34mi
3603 Oxford Dr W Bradenton, FL	2.0	2.0	1400	$2,400	$1.71	23d	1	1.36mi
3806 Southern Pkwy W Bradenton, FL	3.0	2.0	1296	$2,176	$1.68	11d	1	1.43mi
808 3rd Ave W #509 Bradenton, FL	2.0	2.0	1575	$2,900	$1.84	23d	1	1.43mi
2916 24th St W Bradenton, FL	3.0	2.0	1764	$1,800	$1.02	23d	1	1.44mi
5004 22nd Ave W Bradenton, FL	3.0	2.0	1577	$2,500	$1.59	3d	1	1.46mi
5513 3rd Avenue Plz W Bradenton, FL	3.0	2.0	1282	$2,019	$1.57	3d	1	1.50mi

Listing history 6 events

1. 2026-04-20
   status Pending
2. 2026-04-01
   price $241,200
3. 2026-04-01
   status Active
4. 2026-02-18
   listed $288,400 Active
5. 2025-10-22
   listed $5,000 Active
6. 1978-08-01
   soldstatus $35,000

ⓘ 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: $3,876 · $323/mo
• Projected year-2 tax: $3,876 · $323/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 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 · 29 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: $33,401
• − Mortgage interest: −$13,511
• − Property taxes: −$3,876
• − Insurance: −$1,206
• − Repairs & maintenance: −$2,672
• − Management: −$2,672
• − Depreciation: −$7,017
• Taxable income: $2,447
• Est. tax owed @ 24.0%: −$587
• After-tax cash flow: $5,538/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): 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

+589.1% since first listed

6 events — show timeline

• 2026-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $241,200 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $288,400 Stellar MLS as Distributed by MLS Grid
• 2025-10-22 Listed $5,000 NFMLS
• 1978-08-01 Sold (Public Records) $35,000 Public Records

Property tax history

+13.5%/yr

Latest (2024): $3,876 · +2.9% YoY. Source: county tax records.