1423 18th St W · Bradenton, FL 34205

$195,000

2 bd · 1.0 ba · 1,158 sqft · SingleFamily public records · 2 Days on market

Built 1960 6,373 sqft lot Est $301k · 35% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.2/30.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• DSCR +3.9/10.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Renovated! This 3 Bedroom 2 Bath Home Shows Like The Real Meaning Of pride Of Ownership. Some Of The Features Include An Eat-in Kitchen, Indoor Utility Room And A Large Fenced Yard. Some Of The Updates Are Tile Floors, Fresh Paint And An Updated Kitchen. Shows Very Well.

Key facts

• Near shopping
• Storage shed
• No hoa restrictions

Tags

• LARGE SCREENED-IN PORCH
• EXPANSIVE BACKYARD
• MATURE TREES
• STORAGE SHED
• NO HOA RESTRICTIONS
• NEAR SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-5 ($-62/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (15.5% below list).
• Recommended offer: $165k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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.
• Market conditions: Rents soft (-2.4%/yr); 319 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 38% of the median local income ($53k/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 $1k of loan paydown is wiped out by about $6k 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.
• 3 sale attempts since 22y 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 $129k; list at $195k implies a 51% 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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,849 (15.5% 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. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.11%
• DSCR: 0.99
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $301,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1423 18th St W	0.00mi	2/1.0	1,158 (0%)	1mo	$170,000	$147	99
1543 8th Ave W	0.46mi	3/1.5 (+1)	1,172 (+1%)	2mo	$258,000	$220	68
1302 22nd St W	0.30mi	2/1.0	1,298 (+12%)	1mo	$205,000	$158	65
2330 7th Ave W	0.64mi	2/1.0	1,122 (-3%)	0mo	$310,000	$276	65
2017 17th Ave W	0.23mi	3/2.0 (+1)	1,264 (+9%)	2mo	$334,750	$265	64
2513 14th Ave W	0.48mi	2/1.0	1,036 (-10%)	3mo	$210,000	$203	57
2713 11th Ave W	0.65mi	3/2.0 (+1)	1,134 (-2%)	0mo	$320,000	$282	57
1908 22nd St W	0.39mi	3/1.0 (+1)	1,025 (-12%)	2mo	$267,000	$260	56
1406 28th St W	0.66mi	3/1.0 (+1)	1,114 (-4%)	2mo	$315,000	$283	56
1909 27th St W	0.64mi	3/1.0 (+1)	1,042 (-10%)	1mo	$308,000	$296	48
1016 26th St W	0.60mi	3/2.0 (+1)	1,256 (+8%)	3mo	$320,000	$255	46
2803 10th Ave W	0.72mi	3/2.0 (+1)	1,325 (+14%)	4mo	$270,000	$204	30

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: -19.8%
• Equity multiple: 0.33×
• Total profit: $-36,758
• Equity at exit: $29,075

10-year hold

• IRR: -20.6%
• Equity multiple: 0.06×
• Total profit: $-51,100
• Equity at exit: $16,860

Cash invested: $54,600 (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 34205

• Rents YoY: -2.4%
• Active inventory: 319
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,648 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$204 /mo · $2,443/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $-5

Break-even live

Break-even rent $1,655

Max offer price $194,089

Occupancy floor 95%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1306 17th St W Unit 4 Bradenton, FL	2.0	1.0	1000	$1,100	$1.10	16d	1	0.13mi
1515 15th St W Bradenton, FL	1.0	1.0	900	$1,300	$1.44	24d	1	0.19mi
1505 18th Avenue Dr W Bradenton, FL	3.0	1.0	886	$1,875	$2.12	16d	1	0.23mi
1912 19th Ave W Unit 1912 Bradenton, FL	2.0	1.0	800	$1,395	$1.74	24d	1	0.24mi
1402 13th St W Apt 1406 Bradenton, FL	1.0	1.0	629	$1,577	$2.51	2d	15	0.25mi
1418 18th Avenue Dr W Unit 1418 Bradenton, FL	3.0	2.0	1000	$1,900	$1.90	24d	1	0.28mi
1319 18th Ave W Bradenton, FL	3.0	2.0	1185	$1,795	$1.51	24d	1	0.32mi
1501 13th St W Bradenton, FL	1.0	1.0	1050	$1,199	$1.14	24d	1	0.32mi
1701 13th St W Apt A Bradenton, FL	2.0	1.0	850	$1,395	$1.64	3d	1	0.34mi
2321 18th Ave W Bradenton, FL	2.0	2.0	1168	$3,600	$3.08	24d	1	0.42mi
2205 20th St W Bradenton, FL	2.0	1.0	810	$1,850	$2.28	12d	1	0.45mi
2017 12th St W Bradenton, FL	1.0	1.0	720	$1,300	$1.81	24d	1	0.49mi
2127 13th St W Unit B Bradenton, FL	1.0	1.0	700	$1,149	$1.64	24d	1	0.51mi
914 23rd St W Unit B Bradenton, FL	1.0	1.0	800	$1,345	$1.68	3d	1	0.53mi
2117 11th St W Bradenton, FL	1.0	1.0	850	$1,295	$1.52	24d	1	0.57mi
2409 13th St W Apt 2 Bradenton, FL	2.0	1.0	770	$1,175	$1.53	24d	1	0.60mi
2001 25th Ave W Bradenton, FL	3.0	2.0	1370	$3,000	$2.19	20d	1	0.60mi
2017 6th Ave W Unit 6 Bradenton, FL	1.0	1.0	800	$975	$1.22	12d	1	0.61mi
2201 24th Ave W Bradenton, FL	2.0	2.0	1115	$1,950	$1.75	24d	1	0.61mi
1613 28th St W Bradenton, FL	2.0	2.0	1200	$1,850	$1.54	24d	1	0.64mi
2244 9th St W Bradenton, FL	1.0–2.0	1.0–2.0	768	$1,323	$1.72	24d	4	0.66mi
2422 11th St W Bradenton, FL	2.0	1.0	900	$1,445	$1.61	24d	1	0.66mi
805 22nd Ave W Bradenton, FL	1.0	1.0	790	$1,200	$1.52	24d	1	0.68mi
702 21st Ave W Unit C Bradenton, FL	2.0	1.0	1000	$1,350	$1.35	3d	1	0.68mi
2309 Manatee Ave W Bradenton, FL	2.0	1.0	900	$1,535	$1.71	3d	4	0.71mi
801 6th Ave W Bradenton, FL	2.0	2.0	808	$1,542	$1.91	3d	4	0.74mi
617 26th St W Bradenton, FL	2.0	2.0	1127	$3,000	$2.66	20d	1	0.76mi
602 26th St W Unit A Bradenton, FL	2.0	1.0	1200	$1,250	$1.04	3d	1	0.80mi
602 26th St W Unit A Bradenton, FL	1.0	1.0	1200	$850	$0.71	24d	1	0.80mi
2019 5th St W Bradenton, FL	1.0–2.0	1.0–2.0	750	$1,575	$2.10	3d	22	0.84mi
1503 32nd St W Bradenton, FL	3.0	2.0	1148	$2,400	$2.09	24d	1	0.89mi
1400 1st Ave W #504 Bradenton, FL	2.0	2.0	1280	$2,295	$1.79	24d	1	0.90mi
2306 30th Ave W Bradenton, FL	3.0	2.0	945	$1,700	$1.80	24d	1	0.91mi
603 27th Ave W Bradenton, FL	2.0	1.0	1365	$1,250	$0.92	24d	1	0.93mi
1650 1st Ave W Unit 507B Bradenton, FL	2.0	2.0	1269	$2,300	$1.81	24d	1	0.93mi
2901 26th St W #807 Bradenton, FL	2.0	2.0	940	$1,525	$1.62	3d	1	0.93mi
1600 1st Ave W Unit 206A Bradenton, FL	2.0	2.0	1221	$2,000	$1.64	15d	1	0.96mi
302 26th Ave W Bradenton, FL	2.0–3.0	2.0	1043	$1,575	$1.51	2d	23	1.00mi
3506 14th St W Bradenton, FL	3.0	1.0–2.0	874	$1,725	$1.97	24d	5	1.09mi
606 3rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1090	$1,768	$1.62	2d	23	1.10mi

Listing history 9 events

1. 2026-04-15
   status Pending
2. 2026-04-13
   listed $195,000 Active
3. 2007-03-26
   historical
4. 2006-10-17
   listed $159,000
5. 2004-06-11
   soldstatus $129,484 282-char remark

   Show marketing remark (282 chars)

   Completely Renovated! This 3 Bedroom 2 Bath Home Shows Like The Real Meaning Of pride Of Ownership. Some Of The Features Include An Eat-in Kitchen, Indoor Utility Room And A Large Fenced Yard. Some Of The Updates Are Tile Floors, Fresh Paint And An Updated Kitchen. Shows Very Well.

6. 2004-06-11
   soldstatus $129,500

   Show marketing remark (282 chars)

   Completely Renovated! This 3 Bedroom 2 Bath Home Shows Like The Real Meaning Of pride Of Ownership. Some Of The Features Include An Eat-in Kitchen, Indoor Utility Room And A Large Fenced Yard. Some Of The Updates Are Tile Floors, Fresh Paint And An Updated Kitchen. Shows Very Well.

7. 2004-05-14
   historical 282-char remark

   Show marketing remark (282 chars)

   Completely Renovated! This 3 Bedroom 2 Bath Home Shows Like The Real Meaning Of pride Of Ownership. Some Of The Features Include An Eat-in Kitchen, Indoor Utility Room And A Large Fenced Yard. Some Of The Updates Are Tile Floors, Fresh Paint And An Updated Kitchen. Shows Very Well.

8. 2004-04-21
   listed $130,000 282-char remark

   Show marketing remark (282 chars)

   Completely Renovated! This 3 Bedroom 2 Bath Home Shows Like The Real Meaning Of pride Of Ownership. Some Of The Features Include An Eat-in Kitchen, Indoor Utility Room And A Large Fenced Yard. Some Of The Updates Are Tile Floors, Fresh Paint And An Updated Kitchen. Shows Very Well.

9. 1998-02-24
   soldstatus $70,900

ⓘ 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: $2,443 · $204/mo
• Projected year-2 tax: $2,443 · $204/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 · 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: $19,782
• − Mortgage interest: −$10,923
• − Property taxes: −$2,443
• − Insurance: −$975
• − Repairs & maintenance: −$1,583
• − Management: −$1,583
• − Depreciation: −$5,673
• Taxable loss: −$3,397
• Est. tax savings @ 24.0%: +$815
• After-tax cash flow: $753/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

+175.0% since first listed

9 events — show timeline

• 2026-04-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-10-17 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2004-06-11 Sold (Public Records) $129,500 Public Records
• 2004-06-11 Sold (MLS) $129,484 Stellar MLS as Distributed by MLS Grid
• 2004-05-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-04-21 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 1998-02-24 Sold (Public Records) $70,900 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,443 · +445.6% YoY. Source: county tax records.