18114 Gawthrop Dr #304 · Lakewood Ranch, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 28 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
- Schools +6.9/10.0
- 1% rule +5.5/10.0
- Condition / age +4.0/5.0
- Livability +2.5/5.0
- Rent growth +1.2/5.0
- Cash flow +0.0/30.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$249,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to resort-style living in the highly sought-after Lakewood National! This beautifully maintained 2-bedroom, 2-bath condo offers the perfect blend of comfort, style, and convenience with stunning golf course views and access to world-class amenities. Step inside to an open and inviting floor plan featuring a bright kitchen with stainless steel appliances, ample cabinetry, and a breakfast bar perfect for casual dining or entertaining. The spacious living and dining areas flow seamlessly to create an ideal space for relaxing or hosting guests. Neutral finishes throughout provide the perfect backdrop to make this home your own.
Key facts
- Resort style pools
- Full service spa
- Tennis courts
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $250k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-2k ($-23k/yr) — negative.
- To cash-flow at today's rent, offer at most $788 (99.7% below list).
- Meets the 1% rule at list price ($3k rent vs $250k).
- Recommended offer: $788 (99.7% below list) — sets the bar for cash-flow.
- Cap rate -3.0% vs local median 2.9% in Lakewood Ranch — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
- 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: B.D. Gullett Elementary School (math 78% / reading 73%, grade A, #211 of 2,144 statewide, top 10%, 1,121 students, 20% FRL); R. Dan Nolan Middle School (math 79% / reading 72%, grade A, #38 of 571 statewide, top 7%, 760 students, 28% FRL); Lakewood Ranch High School (math 47% / reading 63%, grade C, #135 of 667 statewide, top 20%, 2,435 students, 22% FRL) — zoned schools average 23% FRL vs 51% district-wide (27 pts lower); this property's tenant base skews higher-income than the district average.
- Zoned-school proficiency averages 69% at this address vs 52% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Manatee average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents falling (-5.2%/yr); 1554 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 98d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 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 $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 137 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 4y ago; this cycle's ask has dropped $29k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 2.6% of price; HOA is 79% of rent.
- Climate carrying-cost: 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.
Questions for the listing agent
- 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?
- It's been on market 137 days. Have you received any prior offers? Is the seller open to a 100% concession, seller financing, or rate buy-down credit?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.05% ✓
- Cap rate
- -3.04%
- Cash-on-cash
- -33.34%
- DSCR
- -0.48
- GRM
- 8.0
CMA / ARV
- ARV (median comp)
- $351,950
- List price
- $249,900
- Delta
- -29.00%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 17520 Gawthrop Dr #304 | 0.41mi | 2/2.0 | 1,121 (0%) | 1mo | $285,000 | $254 | 80 |
| 16904 Vardon Ter #304 | 0.86mi | 2/2.0 | 1,121 (0%) | 1mo | $260,000 | $232 | 64 |
| 17118 Vardon Ter #202 | 0.74mi | 2/2.0 | 1,142 (+2%) | 1mo | $256,500 | $225 | 62 |
| 19110 Scallop Loop #303 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #202 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #302 | 0.99mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #206 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #405 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $315,000 | $273 | 59 |
| 17626 Gawthrop Dr #208 | 0.34mi | 3/2.0 (+1) | 1,286 (+15%) | 0mo | $315,000 | $245 | 54 |
| 5558 Palmer Cir #205 | 0.96mi | 2/2.0 | 1,329 (+19%) | 0mo | $385,000 | $290 | 40 |
| 19110 Scallop Loop #101 | 1.26mi | 2/2.0 | 1,300 (+16%) | 1mo | $290,000 | $223 | 39 |
| 18917 Scallop Loop #106 | 1.04mi | 2/2.0 | 1,366 (+22%) | 1mo | $385,997 | $283 | 39 |
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
- IRR
- —
- Equity multiple
- -1.44×
- Total profit
- $-170,530
- Equity at exit
- $37,261
- IRR
- —
- Equity multiple
- -3.74×
- Total profit
- $-331,663
- Equity at exit
- $21,607
Cash invested: $69,972 (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
Active competition Active MLS
- For sale now
- 1 active · 1 under contract
- Median asking
- $250,000 ($223/sqft)
- Median days on market
- 23 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +40.8% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34211
- Home prices YoY
- -27.5%
- Rents YoY
- -5.2%
- Active inventory
- 1554
- Price-to-rent
- 8.0×
Monthly cashflow live
- Estimated rent
- $2,612 high interval (Pro) →
- Mortgage (P&I)
- −$1,311
- Tax from tax record
- −$535 /mo · $6,419/yr
- Insurance
- −$104
- HOA
- −$2,058
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$549
- Net cashflow
- $-1,944
Break-even live
Sensitivity live
| Price | -10% $-1,803 | -5% $-1,873 | +0% $-1,944 | +5% $-2,015 | +10% $-2,086 |
|---|---|---|---|---|---|
| Rent | -10% $-2,150 | -5% $-2,047 | +0% $-1,944 | +5% $-1,841 | +10% $-1,738 |
| Rate | -1.0pp $-1,818 | -0.5pp $-1,881 | base $-1,944 | +0.5pp $-2,009 | +1.0pp $-2,075 |
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
- $62,475
- Closing costs
- $7,497
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 18114 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1300 | $2,300 | $1.77 | 119d | 5 | 0.03mi |
| 18114 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $2,200 | $1.68 | 82d | 4 | 0.03mi |
| 18028 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $2,100 | $1.60 | 2d | 5 | 0.08mi |
| 18028 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $1,950 | $1.49 | 93d | 7 | 0.08mi |
| 18008 Gawthrop Dr #402 Bradenton, FL | 2.0 | 2.0 | 1154 | $2,500 | $2.17 | 111d | 1 | 0.12mi |
| 17902 Gawthrop Dr Unit 1546175P Bradenton, FL | 3.0 | 2.0 | 1280 | $2,965 | $2.32 | 111d | 1 | 0.17mi |
| 17902 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1202 | $3,500 | $2.91 | 9d | 2 | 0.17mi |
| 17902 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1213 | $3,500 | $2.89 | 78d | 3 | 0.17mi |
| 17810 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1453 | $2,200 | $1.51 | 9d | 3 | 0.18mi |
| 17810 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1453 | $2,200 | $1.51 | 114d | 2 | 0.18mi |
| 17724 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1220 | $2,500 | $2.05 | 107d | 3 | 0.29mi |
| 17724 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1137 | $2,950 | $2.59 | 9d | 3 | 0.29mi |
| 17704 Gawthrop Dr Unit 1545826P Bradenton, FL | 3.0 | 2.0 | 1431 | $3,163 | $2.21 | 110d | 1 | 0.33mi |
| 17704 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1142 | $2,375 | $2.08 | 119d | 3 | 0.34mi |
| 17704 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1142 | $2,300 | $2.01 | 82d | 2 | 0.34mi |
| 17626 Gawthrop Dr #206 Bradenton, FL | 2.0 | 2.0 | 1142 | $5,500 | $4.82 | 119d | 1 | 0.36mi |
| 17520 Gawthrop Dr Unit 1 Bradenton, FL | 2.0 | 2.0 | 1121 | $3,000 | $2.68 | 119d | 1 | 0.43mi |
| 17520 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,550 | $2.10 | 82d | 2 | 0.43mi |
| 17520 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1244 | $4,325 | $3.48 | 9d | 2 | 0.43mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $3,000 | $2.47 | 5d | 2 | 0.46mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $1,900 | $1.59 | 9d | 3 | 0.46mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $1,900 | $1.59 | 88d | 6 | 0.46mi |
| 5721 Palmer Cir Bradenton, FL | 2.0 | 2.0 | 1452 | $3,250 | $2.24 | 82d | 2 | 0.64mi |
| 5711 Palmer Cir #206 Bradenton, FL | 2.0 | 2.0 | 1462 | $3,000 | $2.05 | 119d | 1 | 0.67mi |
| 5710 Palmer Cir #201 Bradenton, FL | 2.0 | 2.0 | 1462 | $4,500 | $3.08 | 119d | 1 | 0.68mi |
| 17118 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,495 | $2.06 | 97d | 2 | 0.74mi |
| 17118 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,100 | $1.73 | 110d | 3 | 0.74mi |
| 5685 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $3,100 | $2.33 | 119d | 1 | 0.75mi |
| 17118 Vardon Ter #306 Bradenton, FL | 2.0 | 2.0 | 1142 | $2,000 | $1.75 | 9d | 1 | 0.76mi |
| 17108 Vardon Ter Bradenton, FL | 2.0 | 2.0 | 1216 | $4,450 | $3.66 | 9d | 2 | 0.78mi |
| 17108 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1203 | $2,500 | $2.08 | 119d | 4 | 0.78mi |
| 5674 Palmer Cir #206 Bradenton, FL | 2.0 | 2.0 | 1336 | $2,900 | $2.17 | 9d | 1 | 0.81mi |
| 5674 Palmer Cir #203 Bradenton, FL | 2.0 | 2.0 | 1336 | $3,100 | $2.32 | 119d | 1 | 0.81mi |
| 17006 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,500 | $2.06 | 7d | 2 | 0.83mi |
| 17006 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $2,950 | $2.47 | 119d | 3 | 0.83mi |
| 5664 Palmer Cir #202 Bradenton, FL | 2.0 | 2.0 | 1355 | $3,400 | $2.51 | 119d | 1 | 0.84mi |
| 5507 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $2,600 | $1.96 | 82d | 1 | 0.86mi |
| 18923 Scallop Loop Bradenton, FL | 2.0 | 2.0 | 1355 | $2,500 | $1.85 | 9d | 1 | 0.87mi |
| 5528 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1355 | $2,000 | $1.48 | 111d | 1 | 0.87mi |
| 5517 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $4,000 | $3.01 | 119d | 1 | 0.88mi |
Property features AI
Finance
- Other
- Association approval required for buyersFurnishing negotiable
- Financial info
- Total monthly fees (all assessments): $936.08Total annual fees (all assessments): $11,233Other annual assessment: $1,656Lease restrictions apply
- HOA & community
- Has HOA; fees collected monthly and quarterly componentsMonthly condo fee: $128Quarterly condo fees: $385 (listed as condo fees term: quarterly)Association annual fee: $8,693Association fee includes 24-hour guard, maintenance of structure, pool, recreational facilitiesCommunity amenities: clubhouse, fitness center, golf, golf carts allowed, pool, tennis courts, sidewalks, irrigation with reclaimed waterPets allowed with restrictions (max pet weight ~100 lbs)
Exterior
- Parking
- Carport (1 space)
- Security
- 24-hour guardCommunity entry approval required
- Utilities
- Public waterPublic sewerElectricity connectedWater connectedSewer connectedCable connectedUnderground utilities
- Home design
- CondominiumOne storyThird floor unitFaces south
- Construction
- Block and stucco constructionTile roofSlab foundationBuilt by Lennar
- Exterior features
- Paved roadsCommunity has poolOther exterior features
Interior
- Kitchen
- CooktopRangeMicrowaveDishwasherDisposalRefrigeratorStone countersEat-in kitchen
- Bedrooms
- 2 bedrooms
- Flooring
- Ceramic tile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air
- Interior features
- Ceiling fansCrown moldingEat-in kitchenLiving room / dining room comboOpen floorplanStone countersThermostatWalk-in closet(s)
- Laundry & utility
- Inside laundryWasherDryer
HOA detail $2,058/mo · $24,696/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-22days on market $249,900 Active 137 DOM
-
2026-09-21days on market $249,900 Active 136 DOM
-
2026-09-20days on market $249,900 Active 135 DOM
-
2026-09-19days on market $249,900 Active 134 DOM
-
2026-09-18days on market $249,900 Active 133 DOM
-
2026-09-17days on market $249,900 Active 132 DOM
-
2026-09-16days on market $249,900 Active 131 DOM
-
2026-09-15days on market $249,900 Active 130 DOM
-
2026-09-14days on market $249,900 Active 129 DOM
-
2026-09-13days on market $249,900 Active 128 DOM
-
2026-09-12days on market $249,900 Active 127 DOM
-
2026-09-11days on market $249,900 Active 126 DOM
-
2026-09-05days on market $249,900 Active 120 DOM
-
2026-09-04days on market $249,900 Active 119 DOM
-
2026-09-03days on market $249,900 Active 118 DOM
-
2026-08-31days on market $249,900 Active 115 DOM
-
2026-08-30days on market $249,900 Active 114 DOM
-
2026-08-29days on market $249,900 Active 113 DOM
-
2026-08-28days on market $249,900 Active 112 DOM
-
2026-08-27days on market $249,900 Active 111 DOM
-
2026-08-26days on market $249,900 Active 110 DOM
-
2026-08-25days on market $249,900 Active 109 DOM
-
2026-08-24days on market $249,900 Active 108 DOM
-
2026-08-23days on market $249,900 Active 107 DOM
-
2026-08-22days on market $249,900 Active 106 DOM
-
2026-08-21days on market $249,900 Active 105 DOM
-
2026-08-20days on market $249,900 Active 104 DOM
-
2026-08-19days on market $249,900 Active 103 DOM
-
2026-08-18days on market $249,900 Active 102 DOM
-
2026-08-17days on market $249,900 Active 101 DOM
-
2026-08-16days on market $249,900 Active 100 DOM
-
2026-08-15days on market $249,900 Active 99 DOM
-
2026-08-14days on market $249,900 Active 98 DOM
-
2026-08-13days on market $249,900 Active 97 DOM
-
2026-08-12days on market $249,900 Active 96 DOM
-
2026-08-11days on market $249,900 Active 95 DOM
-
2026-08-10days on market $249,900 Active 94 DOM
-
2026-08-09days on market $249,900 Active 93 DOM
-
2026-08-08days on market $249,900 Active 92 DOM
-
2026-08-07days on market $249,900 Active 91 DOM
-
2026-08-06days on market $249,900 Active 90 DOM
-
2026-08-05days on market $249,900 Active 89 DOM
-
2026-08-04days on market $249,900 Active 88 DOM
-
2026-08-03days on market $249,900 Active 87 DOM
-
2026-07-31days on market $249,900 Active 84 DOM
-
2026-07-30days on market $249,900 Active 82 DOM
-
2026-07-28days on market $249,900 Active 81 DOM
-
2026-07-24days on market $249,900 Active 77 DOM
-
2026-07-23days on market $249,900 Active 76 DOM
-
2026-07-22days on market $249,900 Active 75 DOM
ⓘ 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
- $6,419 · $535/mo
- Projected year-2 tax
- $6,419 · $535/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 4/10 Moderate
- Heat 10/10 Extreme 7 d/yr ≥109°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $31,344
- − Mortgage interest
- −$13,998
- − Property taxes
- −$6,419
- − Insurance
- −$1,250
- − Repairs & maintenance
- −$2,507
- − Management
- −$2,507
- − HOA
- −$24,696
- − Depreciation
- −$7,270
- Taxable loss
- −$27,304
- Est. tax savings @ 24.0%
- +$6,553
- After-tax cash flow
- $-16,776/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.
Condition & rehab AI · 12 photos
This well-maintained 2-bedroom, 2-bath condo offers a great blend of comfort, style, and convenience with stunning golf course views and access to world-class amenities. The property is in good condition with minimal repairs needed, and potential value can be added through cosmetic updates and smart home features.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
- Both Updating the flooring in the bathrooms — Modern flooring can improve the overall look and feel of the bathrooms. ↑
- Both Upgrading the kitchen appliances — Modern appliances can improve functionality and appeal to potential buyers/renters. ↑
- Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract more potential buyers/renters. ↑
- Both Adding smart home features — Smart home features can increase convenience and appeal to potential buyers/renters. ↑
- Both Upgrading the HVAC system — A modern HVAC system can improve comfort and energy efficiency, attracting more potential buyers/renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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 — Lakewood Ranch
No livability data for this city. (Only ~50 U.S. cities are tracked.)
Census & demographics
- Census place
- Lakewood Ranch, FL
- County
- Manatee County · 447,342 people
- City population
- 52,177
- Metro
- North Port-Sarasota-Bradenton, FL
- Population (ZIP)
- 24,980
- Household income
- $119,911
- Rent vs Own
- Severe rent burden
- 10% of renters
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 (81%)
- Race & ethnicity
- White 81% Hispanic / Latino 11% Two or more races 10% Asian 3% Black 2% Native American 2%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 3% Cuban 3%
- Common ancestry
- Lithuanian 5% Romanian 3% Scotch-Irish 2%
- Foreign-born
- 16% · Canada, Jamaica, China
- Languages at home
- 81% English-only · Spanish 10% Other Indo-European 3% Russian/Polish/Slavic 2%
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
- ▼ -100.84%
- Current HPI
- 265.946
- Rent YoY
- ▼ -5.17%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
-35.8% since first listed8 events — show timeline
- 2026-06-11 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
- 2026-05-08 Listed $279,000 Stellar MLS as Distributed by MLS Grid
- 2025-12-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2025-07-07 Listed $295,000 Stellar MLS as Distributed by MLS Grid
- 2025-04-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2024-05-08 Listed $349,999 Stellar MLS as Distributed by MLS Grid
- 2022-08-31 Listed $389,499 Stellar MLS as Distributed by MLS Grid
- 2022-08-31 Sold (MLS) $389,499 Stellar MLS as Distributed by MLS Grid
Property tax history
-4.0%/yrLatest (2025): $6,419 · -10.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…