5100 Caruso Rd · Bradenton, FL 34203

$85,000

1 bd · 1.0 ba · 950 sqft · SingleFamily · 348 Days on market

Built 1985 Good condition 4,356 sqft lot $89/sqft · 46% below area Est $156k · 46% under ↓ 30% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.9/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's your million-dollar view without paying for it. Situated on the Braden River in Horseshoe Cove RV Resort, you'll love the panoramic views from your living room as you watch wildlife evolve right in front of you. We are offering this beautiful 950 sq. ft. home which comes fully furnished and turnkey, including a 48v 2019 golf cart with new lithium battery and built in charger. Cemented patio area with table and chairs, and additional seating behind the house. Fully renovated. All you need are your personal possessions. Horseshoe Cove offers ample amenities and endless activities and events throughout the year. Please give us a call. We are willing to negotiate asap. All offers are considered.

Key facts

• Fully renovated
• Panoramic views
• Fully furnished

Tags

• PANORAMIC VIEWS
• FULLY FURNISHED
• CEMENTED PATIO AREA
• FULLY RENOVATED
• HORSESHOE COVE AMENITIES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $85k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.7% vs local median 3.5% 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: William H. Bashaw Elementary (math 51% / reading 44%, grade D, #1,182 of 2,144 statewide, top 55%, 684 students, 69% FRL); Braden River Middle School (math 54% / reading 47%, grade C, #246 of 571 statewide, top 44%, 810 students, 58% FRL); Braden River High School (math 44% / reading 52%, grade D, #201 of 667 statewide, top 30%, 1,774 students, 45% FRL).
• Market conditions: Rents soft (-1.0%/yr); 535 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 88d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 38% of the median local income ($71k/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 $588 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 348 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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.

Recommended offer $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 348 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 2.60% ✓
• Cap rate: 22.69%
• Cash-on-cash: 58.55%
• DSCR: 3.61
• GRM: 3.2

CMA / ARV

• ARV (median comp): $156,131
• List price: $85,000
• Delta: -45.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5316 53rd Ave E Unit F6	0.57mi	2/2.0 (+1)	912 (-4%)	24mo	$130,000	$143	38
5316 53rd Ave E Unit J8	0.79mi	2/2.0 (+1)	972 (+2%)	18mo	$160,000	$165	37
5316 53rd Ave E Unit L17	0.84mi	2/2.0 (+1)	960 (+1%)	24mo	$155,000	$161	34
5316 53rd Ave E Unit G6	0.77mi	2/2.0 (+1)	864 (-9%)	18mo	$165,000	$191	26
5316 53rd Ave E Unit A46	0.77mi	2/2.0 (+1)	1,032 (+9%)	22mo	$178,000	$172	24

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: 53.7%
• Equity multiple: 3.26×
• Total profit: $53,729
• Equity at exit: $12,674

10-year hold

• IRR: 57.7%
• Equity multiple: 5.92×
• Total profit: $117,084
• Equity at exit: $7,349

Cash invested: $23,800 (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 34203

• Home prices YoY: -24.5%
• Rents YoY: -1.0%
• Active inventory: 535
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $2,213 high
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $1,161

Break-even live

Break-even rent $744

Max offer price $85,000

Occupancy floor 43%

Sensitivity live

Price	-10% $1,220	-5% $1,191	+0% $1,161	+5% $1,132	+10% $1,102
Rent	-10% $986	-5% $1,074	+0% $1,161	+5% $1,249	+10% $1,336
Rate	-1.0pp $1,204	-0.5pp $1,183	base $1,161	+0.5pp $1,139	+1.0pp $1,117

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: $21,250
• Closing costs: $2,550
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6330 Green Oaks Cir Unit 6330 Bradenton, FL	2.0	2.0	1004	$1,900	$1.89	88d	1	0.59mi
5316 53rd Ave E Unit Q111 Bradenton, FL	2.0	2.0	1056	$1,495	$1.42	106d	1	0.65mi
5515 Fair Oaks St Unit 5515 Bradenton, FL	2.0	2.0	1004	$2,000	$1.99	119d	1	0.66mi
5515 Fair Oaks St Unit Available Bradenton, FL	2.0	2.0	1004	$2,000	$1.99	9d	1	0.66mi
6501 Stone River Rd Bradenton, FL	2.0	2.0	1080	$2,172	$2.01	9d	2	0.74mi
6501 Stone River Rd Bradenton, FL	2.0	2.0	1118	$2,200	$1.97	7d	1	0.74mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1071	$2,898	$2.71	3d	3	0.76mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1080	$2,950	$2.73	88d	2	0.76mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1071	$3,000	$2.80	4d	2	0.76mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1071	$2,898	$2.71	9d	3	0.76mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1080	$2,825	$2.62	111d	3	0.76mi
6507 Stone River Rd Bradenton, FL	2.0	2.0	1042	$2,825	$2.71	9d	2	0.80mi
5616 Gentle Breeze St Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	119d	1	0.80mi
5558 Whistling Tree Ln Bradenton, FL	2.0	2.0	1098	$1,299	$1.18	4d	1	1.03mi
4540 Runabout Way Bradenton, FL	2.0	2.5	1080	$2,300	$2.13	119d	1	1.04mi
5016 Misty Canal Pl Bradenton, FL	2.0	2.5	1080	$1,950	$1.81	119d	1	1.09mi
5707 45th St E #19 Bradenton, FL	2.0	2.0	972	$1,700	$1.75	119d	1	1.19mi

Listing history 50 events

1. 2026-09-24
   days on market $85,000 Active 348 DOM
2. 2026-09-22
   days on market $85,000 Active 346 DOM
3. 2026-09-21
   days on market $85,000 Active 345 DOM
4. 2026-09-20
   days on market $85,000 Active 344 DOM
5. 2026-09-19
   days on market $85,000 Active 343 DOM
6. 2026-09-18
   days on market $85,000 Active 342 DOM
7. 2026-09-17
   days on market $85,000 Active 341 DOM
8. 2026-09-16
   days on market $85,000 Active 340 DOM
9. 2026-09-15
   days on market $85,000 Active 339 DOM
10. 2026-09-14
    days on market $85,000 Active 338 DOM
11. 2026-09-13
    days on market $85,000 Active 337 DOM
12. 2026-09-12
    days on market $85,000 Active 336 DOM
13. 2026-09-11
    days on market $85,000 Active 335 DOM
14. 2026-09-05
    days on market $85,000 Active 329 DOM
15. 2026-09-04
    days on market $85,000 Active 328 DOM
16. 2026-09-03
    days on market $85,000 Active 327 DOM
17. 2026-08-31
    days on market $85,000 Active 324 DOM
18. 2026-08-30
    days on market $85,000 Active 323 DOM
19. 2026-08-29
    days on market $85,000 Active 322 DOM
20. 2026-08-28
    days on market $85,000 Active 321 DOM
21. 2026-08-27
    days on market $85,000 Active 320 DOM
22. 2026-08-26
    days on market $85,000 Active 319 DOM
23. 2026-08-25
    days on market $85,000 Active 318 DOM
24. 2026-08-24
    days on market $85,000 Active 317 DOM
25. 2026-08-23
    days on market $85,000 Active 316 DOM
26. 2026-08-22
    days on market $85,000 Active 315 DOM
27. 2026-08-21
    days on market $85,000 Active 314 DOM
28. 2026-08-20
    days on market $85,000 Active 313 DOM
29. 2026-08-19
    days on market $85,000 Active 312 DOM
30. 2026-08-18
    days on market $85,000 Active 311 DOM
31. 2026-08-17
    days on market $85,000 Active 310 DOM
32. 2026-08-16
    days on market $85,000 Active 309 DOM
33. 2026-08-15
    days on market $85,000 Active 308 DOM
34. 2026-08-14
    days on market $85,000 Active 307 DOM
35. 2026-08-13
    days on market $85,000 Active 306 DOM
36. 2026-08-12
    days on market $85,000 Active 305 DOM
37. 2026-08-11
    days on market $85,000 Active 304 DOM
38. 2026-08-10
    days on market $85,000 Active 303 DOM
39. 2026-08-09
    days on market $85,000 Active 302 DOM
40. 2026-08-08
    days on market $85,000 Active 301 DOM
41. 2026-08-07
    days on market $85,000 Active 300 DOM
42. 2026-08-06
    days on market $85,000 Active 299 DOM
43. 2026-08-05
    days on market $85,000 Active 298 DOM
44. 2026-08-04
    days on market $85,000 Active 297 DOM
45. 2026-08-03
    days on market $85,000 Active 296 DOM
46. 2026-07-31
    days on market $85,000 Active 293 DOM
47. 2026-07-30
    days on market $85,000 Active 291 DOM
48. 2026-07-28
    days on market $85,000 Active 290 DOM
49. 2026-07-24
    days on market $85,000 Active 286 DOM
50. 2026-07-23
    days on market $85,000 Active 285 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,561
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$2,125
• − Management: −$2,125
• − Depreciation: −$2,473
• Taxable income: $13,377
• Est. tax owed @ 24.0%: −$3,211
• After-tax cash flow: $10,724/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 · 0 photos

Good 75/100 Cosmetic rehab Est. rehab $4,750–$14,250 screening

This fully renovated home offers a turnkey experience with a golf cart and patio area, making it an excellent investment opportunity.

Value-add opportunities

• Both Upgrade the golf cart battery to a higher capacity lithium battery — This would extend the life of the golf cart and make it more appealing to potential buyers or renters. ↑
• Both Add a small outdoor lighting system — This would enhance the curb appeal and make the property more inviting at night. ↑

ⓘ 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.

F Composite school gradezoned avg 49/100

Zoned Schools

Elementary William H. Bashaw Elementary D FL #1,182/2,144 Nat'l #14,382/41,679 Middle Braden River Middle School C FL #246/571 Nat'l #3,367/14,009 High Braden River High School D FL #201/667 Nat'l #6,224/17,239

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

A Composite livability gradescore 81/100

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

• County: Manatee County · 447,342 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 12% Black 9% Asian 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Vietnam, Dominican Republic
• Languages at home: 76% English-only · Spanish 16% Vietnamese 2% Other Indo-European 1%

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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: ▼ -95.87%
• Current HPI: 295.8871
• Rent YoY: ▼ -0.97%
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

-30.2% since first listed

5 events — show timeline

• 2026-06-10 Listed $90,000 FSBO.com
• 2026-03-05 Price Changed $90,000 ForSaleByOwner.com
• 2026-02-20 Price Changed $99,000 ForSaleByOwner.com
• 2025-10-29 Price Changed $119,000 ForSaleByOwner.com
• 2025-10-11 Listed $129,000 ForSaleByOwner.com