1111 77th St NW · West Bradenton, FL 34209

$379,900

2 bd · 2.0 ba · 1,454 sqft · SingleFamily public records · 85 Days on market

Built 1984 10,010 sqft lot Est $422k · 10% under $12/mo HOA

---

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).

• Cash flow +14.2/30.0
• ARV discount +12.0/15.0
• Schools +4.4/10.0
• DSCR +4.3/10.0
• Livability +3.6/5.0
• 1% rule +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller/Builder/One time Owner. Contemporary Home with 1420 square feet has Tudor styling. House perfect for retired couple or small family or could be used as a vacation cottage. Master bedroom has large walk-in closet and full bath with stall shower. Bright airy kitchen has oak cabinets throughout and access to rear deck thru atrium doors and featured a full height pantry. Brick wood burning fireplace in the living room and overlooks the dining room. Utility room with sewing and storage area with sink. 2 Car garage and detached shed. Oversized backyard on large canal. Bring your kayaks & enjoy a beautiful time in your backyard. Handicap accessible. Bring Offer!

Key facts

• Screened rear patio
• Canal-style pond
• Rare brick fireplace

Tags

• SCREENED REAR PATIO
• RARE BRICK FIREPLACE
• OVERSIZED BACKYARD
• CANAL-STYLE POND
• NEW ROOF
• NEW AC

Property features AI

Finance

• Other: Property zoned RSF4.5; Total acreage: less than 1/4 acre (0.23 acres); Asphalt road access; Optional association approval not required
• Financial info: No lease restrictions indicated
• HOA & community: HOA present (annual fee $150; optional; $12.50 monthly equivalent); Pets allowed; Association name: Michelle Raina

Exterior

• Parking: Driveway; Attached 2-car garage
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected; Phone available; Underground utilities; Water source: None listed
• Home design: Single family residence; Residential property; One story; Faces west
• Construction: Block and cedar construction; Shingle roof; Slab foundation; Built with living area of 1,454 (public records)
• Exterior features: Covered, enclosed, screened patio; Patio; Private mailbox; Rain gutters; Outdoor storage; On-pond waterfront with pond views; Fishing pier

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Walk-in closets; Fireplace in family room; 7 total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-1 ($-18/yr) — negative.
• To cash-flow at today's rent, offer at most $380k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $315k (17.1% below list).
• Recommended offer: $315k (17.1% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.4% 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: schools 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.
• Market conditions: Rents soft (-0.3%/yr); 510 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $3,150/mo this rent would consume 46% of the median local household income ($82k/yr) (locally 1126% 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 $3k 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

• It's been on market 85 days — a 6% lower offer ($357k) is reasonable based on typical stale-listing flexibility.
• 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 $152k; list at $380k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $315,023 (17.1% 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 85 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.83% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.73%
• DSCR: 1.03
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $421,660
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1012 78th St NW	0.16mi	3/2.0 (+1)	1,496 (+3%)	2mo	$375,000	$251	81
1004 78th St NW	0.17mi	3/2.0 (+1)	1,516 (+4%)	5mo	$385,000	$254	76
7108 14th Ave NW	0.32mi	2/2.0	1,376 (-5%)	10mo	$373,500	$271	68
1119 76th St NW	0.08mi	3/2.0 (+1)	1,607 (+10%)	8mo	$345,000	$215	67
1212 71st St NW	0.33mi	3/2.0 (+1)	1,350 (-7%)	8mo	$377,000	$279	61
219 70th St NW	0.67mi	3/2.0 (+1)	1,461 (+0%)	4mo	$475,000	$325	60
709 84th St NW	0.53mi	3/2.0 (+1)	1,360 (-6%)	3mo	$445,000	$327	57
7612 4th Avenue Dr NW	0.45mi	3/2.0 (+1)	1,542 (+6%)	10mo	$549,000	$356	56
1815 81st St NW	0.49mi	3/2.0 (+1)	1,328 (-9%)	8mo	$385,000	$290	51
311 75th ST Ct NW	0.54mi	3/2.0 (+1)	1,663 (+14%)	2mo	$460,000	$277	44
8706 11th Avenue Pl NW	0.68mi	3/2.0 (+1)	1,649 (+13%)	1mo	$629,000	$381	40
7507 3rd Ave NW	0.59mi	3/2.0 (+1)	1,665 (+14%)	8mo	$520,000	$312	36

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: -19.6%
• Equity multiple: 0.33×
• Total profit: $-70,922
• Equity at exit: $56,644

10-year hold

• IRR: -20.0%
• Equity multiple: 0.08×
• Total profit: $-97,701
• Equity at exit: $32,847

Cash invested: $106,372 (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: 510
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $3,150 high
• Mortgage (P&I): −$1,992
• Tax from tax record: −$261 /mo · $3,134/yr
• Insurance: −$158
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$12
• Vacancy / Maint / Mgmt: −$662
• Net cashflow: $-1

Break-even live

Break-even rent $3,152

Max offer price $379,640

Occupancy floor 95%

Sensitivity live

Price	-10% $214	-5% $106	+0% $-1	+5% $-109	+10% $-217
Rent	-10% $-250	-5% $-126	+0% $-1	+5% $123	+10% $247
Rate	-1.0pp $190	-0.5pp $95	base $-1	+0.5pp $-100	+1.0pp $-200

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: $94,975
• Closing costs: $11,397
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7707 9th Avenue Dr NW Bradenton, FL	3.0	2.0	1785	$4,500	$2.52	25d	1	0.18mi
912 72nd St NW Bradenton, FL	3.0	2.0	1544	$3,800	$2.46	25d	1	0.28mi
1716 81st St NW Bradenton, FL	3.0	2.0	1528	$4,500	$2.95	25d	1	0.45mi
7412 5th Ave NW Bradenton, FL	3.0	2.0	1608	$2,900	$1.80	16d	1	0.46mi
6817 11th Ave NW Bradenton, FL	3.0	2.0	1308	$3,200	$2.45	25d	1	0.50mi
709 84th St NW Bradenton, FL	3.0	2.0	1360	$3,500	$2.57	21d	1	0.54mi
7507 4th Ave W Unit 1546087P Bradenton, FL	3.0	2.0	1474	$2,258	$1.53	17d	1	0.92mi
6904 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1068	$1,678	$1.57	3d	76	0.92mi
1008 Estremadura Dr Bradenton, FL	3.0	2.0	1698	$2,995	$1.76	25d	1	1.30mi
6448 7th Avenue Cir W Bradenton, FL	3.0	2.0	1482	$3,100	$2.09	25d	1	1.30mi
6446 7th Avenue Cir W Unit 6446 Bradenton, FL	2.0	2.0	1440	$2,400	$1.67	25d	1	1.31mi
6652 7th Avenue Cir W Bradenton, FL	3.0	2.0	1495	$2,800	$1.87	16d	1	1.36mi
6646 7th Avenue Cir W Bradenton, FL	2.0	2.0	1440	$2,500	$1.74	25d	1	1.38mi
6640 7th Avenue Cir W Unit 1513 Bradenton, FL	3.0	2.0	1610	$3,600	$2.24	25d	1	1.38mi
6618 7th Ave Cir W #1404 Bradenton, FL	2.0	2.0	1440	$3,400	$2.36	25d	1	1.40mi
6318 7th Ave W Bradenton, FL	2.0	2.0	1025	$1,800	$1.76	25d	1	1.45mi
6318 7th Ave W Unit None Bradenton, FL	2.0	2.0	1025	$2,000	$1.95	25d	1	1.45mi
6306 7th Ave W Bradenton, FL	3.0	2.0	984	$1,800	$1.83	17d	1	1.45mi
6102 7th Ave W Unit 6102 Bradenton, FL	2.0	2.0	1050	$2,600	$2.48	25d	1	1.45mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 8 events

1. 2026-04-30
   price $379,900
2. 2026-03-04
   listed $389,900 Active
3. 2025-11-04
   historical
4. 2025-08-01
   listed $400,000 Active
5. 2013-06-24
   soldstatus $151,900
6. 2013-06-19
   soldstatus $151,900 676-char remark

   Show marketing remark (676 chars)

   Seller/Builder/One time Owner. Contemporary Home with 1420 square feet has Tudor styling. House perfect for retired couple or small family or could be used as a vacation cottage. Master bedroom has large walk-in closet and full bath with stall shower. Bright airy kitchen has oak cabinets throughout and access to rear deck thru atrium doors and featured a full height pantry. Brick wood burning fireplace in the living room and overlooks the dining room. Utility room with sewing and storage area with sink. 2 Car garage and detached shed. Oversized backyard on large canal. Bring your kayaks & enjoy a beautiful time in your backyard. Handicap accessible. Bring Offer!

7. 2012-12-07
   listed $169,900 676-char remark

   Show marketing remark (676 chars)

   Seller/Builder/One time Owner. Contemporary Home with 1420 square feet has Tudor styling. House perfect for retired couple or small family or could be used as a vacation cottage. Master bedroom has large walk-in closet and full bath with stall shower. Bright airy kitchen has oak cabinets throughout and access to rear deck thru atrium doors and featured a full height pantry. Brick wood burning fireplace in the living room and overlooks the dining room. Utility room with sewing and storage area with sink. 2 Car garage and detached shed. Oversized backyard on large canal. Bring your kayaks & enjoy a beautiful time in your backyard. Handicap accessible. Bring Offer!

8. 1980-03-01
   soldstatus $16,000

ⓘ 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: $3,134 · $261/mo
• Projected year-2 tax: $3,153 · $263/mo
• Expected delta: +$19/yr (+$2/mo · 0.6%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $37,803
• − Mortgage interest: −$21,280
• − Property taxes: −$3,134
• − Insurance: −$2,697
• − Repairs & maintenance: −$3,024
• − Management: −$3,024
• − HOA: −$144
• − Depreciation: −$11,052
• Taxable loss: −$6,553
• Est. tax savings @ 24.0%: +$1,573
• After-tax cash flow: $1,555/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

• 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

+2274.4% since first listed

8 events — show timeline

• 2026-04-30 Price Changed $379,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Listed $389,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-01 Listed $400,000 Stellar MLS as Distributed by MLS Grid
• 2013-06-24 Sold (Public Records) $151,900 Public Records
• 2013-06-19 Sold (MLS) $151,900 Stellar MLS as Distributed by MLS Grid
• 2012-12-07 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 1980-03-01 Sold (Public Records) $16,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,134 · +3.4% YoY. Source: county tax records.