7088 Chatum Light Run · Bradenton, FL 34212

$5,000

4 bd · 2.5 ba · 1,829 sqft · SingleFamily public records · 8 Days on market

Built 2004 5,227 sqft lot

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.4/10.0
• Appreciation +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

Don't miss this updated home in the Lighthouse Cove neighborhood of Heritage Harbour! This beautiful home has new waterproof vinyl floors downstairs, new carpet upstairs, new paint, new fixtures, new ceiling fans, new impact rated sliding glass door, and fresh landscaping. These updates go great with the stainless steel appliances, open floor plan, and gorgeous views as the sunsets toward the lake in your backyard. The home is located just off the interstate for easy commutes and only a few hundred yards away from Stoneybrook Golf Course. New development inside the neighborhood with tons of new shopping and restaurant options. This is proposed to include Costco, Portillos, Chipoltle and more! Construction on the I-75 interchange is expected to be completed by next year so it will be finished soon! Come check it out today before it is gone!

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 2004

Property features AI

Exterior

• Parking: Garage (2 spaces)
• Utilities: Other water source; Other sewer
• Home design: Single family residence; One level; Residential property
• Construction: Construction materials: see remarks; Other roof
• Exterior features: Front porch

Interior

• Bedrooms: 1 room total
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms, 1 half bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$437,131) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($30k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).
• Cap rate 596.8% 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.
• Market conditions: Rents falling (-3.4%/yr); 479 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 30% of the median local income ($125k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.8%/yr); year-one equity from $35 of loan paydown is wiped out by about $91 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 (-1.8% appreciation + 0.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 18y 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.

Risks & watch-outs

• Climate carrying-cost: moderate 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 $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 63.16% ✓
• Cap rate: 596.77%
• Cash-on-cash: 2108.85%
• DSCR: 94.83
• GRM: 0.1

CMA / ARV

• ARV (on-the-fly): $437,131
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7109 Chatum Light Run	0.08mi	3/2.5 (-1)	1,834 (+0%)	3mo	$360,000	$196	88
7036 Chatum Light Run	0.13mi	4/2.5	1,752 (-4%)	8mo	$425,000	$243	80
7168 Chatum Light Run	0.19mi	3/2.5 (-1)	1,818 (-1%)	8mo	$370,000	$204	79
7155 Chatum Light Run	0.18mi	3/2.5 (-1)	1,837 (+0%)	9mo	$345,000	$188	79
7140 Marsh View Ter	0.25mi	4/3.0	2,006 (+10%)	4mo	$575,000	$287	66
6870 Willowshire Way	0.45mi	4/3.0	1,908 (+4%)	8mo	$415,000	$218	64
7114 Quiet Creek Dr	0.36mi	3/2.0 (-1)	1,672 (-9%)	3mo	$375,000	$224	60
7120 Quiet Creek Dr	0.35mi	4/3.0	2,006 (+10%)	7mo	$557,500	$278	59
7115 Marsh View Ter	0.27mi	4/3.0	2,032 (+11%)	11mo	$615,000	$303	58
148 Wandering Wetlands Cir	0.31mi	3/2.0 (-1)	1,651 (-10%)	7mo	$385,000	$233	57
6933 Quiet Creek Dr	0.45mi	4/3.0	2,006 (+10%)	12mo	$535,000	$267	51
6814 Willowshire Way	0.59mi	4/3.0	2,006 (+10%)	5mo	$480,000	$239	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.82% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 105.95×
• Total profit: $146,934
• Equity at exit: $1,013

10-year hold

• IRR: —
• Equity multiple: 211.27×
• Total profit: $294,376
• Equity at exit: $906

Cash invested: $1,400 (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 34212

• Home prices YoY: -0.7%
• Rents YoY: -3.4%
• Active inventory: 479
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,158 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$663
• Net cashflow: $2,460

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7276 Ketch Pl Bradenton, FL	3.0	2.5	1986	$2,050	$1.03	11d	1	0.17mi
7287 Ketch Pl Bradenton, FL	3.0	2.5	1968	$2,295	$1.17	16d	1	0.19mi
280 Cape Harbour Loop #101 Bradenton, FL	3.0	2.5	1400	$2,100	$1.50	16d	1	0.28mi
7156 Marsh View Ter Bradenton, FL	4.0	3.0	2006	$3,950	$1.97	3d	1	0.30mi
7156 Marsh View Ter Bradenton, FL	4.0	3.0	2032	$3,950	$1.94	16d	1	0.30mi
360 Cape Harbour Loop #105 Bradenton, FL	3.0	2.5	1429	$2,200	$1.54	23d	1	0.30mi
6888 Willowshire Way Bradenton, FL	4.0	3.0	2006	$4,000	$1.99	23d	1	0.41mi
7124 Grand Estuary Trl #104 Bradenton, FL	3.0	2.0	1786	$2,500	$1.40	23d	1	0.52mi
6510 Anchor Loop Bradenton, FL	1.0–3.0	1.0–2.0	1135	$2,180	$1.92	1d	32	0.57mi
7112 Grand Estuary Trl #103 Bradenton, FL	3.0	2.0	2108	$3,200	$1.52	23d	1	0.58mi
6808 Wild Lake Ter Bradenton, FL	4.0	3.0	2287	$4,800	$2.10	23d	1	0.61mi
7015 Grand Estuary Trl #103 Bradenton, FL	3.0	2.0	2108	$2,500	$1.19	16d	1	0.65mi
7008 Grand Estuary Trl #104 Bradenton, FL	3.0	2.0	1786	$2,800	$1.57	23d	1	0.68mi
6760 Willowshire Way Bradenton, FL	3.0	2.0	1387	$3,500	$2.52	23d	1	0.70mi
131 Babbling Brook Run Bradenton, FL	3.0	2.0	1387	$2,200	$1.59	23d	1	0.71mi
6407 2nd Ave NE Bradenton, FL	4.0	2.0	2000	$1,990	$0.99	3d	1	0.73mi
416 Winding Brook Ln #102 Bradenton, FL	3.0	2.0	2108	$3,000	$1.42	23d	1	0.82mi
6911 Grand Estuary Trl #102 Bradenton, FL	3.0	2.0	2108	$6,500	$3.08	23d	1	0.83mi
424 Winding Brook Ln #104 Bradenton, FL	3.0	2.0	1786	$2,995	$1.68	16d	1	0.85mi
6614 Grand Estuary Trl #101 Bradenton, FL	3.0	2.0	1786	$3,200	$1.79	23d	1	0.94mi
7312 River Hammock Dr #103 Bradenton, FL	3.0	2.0	2099	$4,000	$1.91	23d	1	0.95mi
7019 River Hammock Dr Bradenton, FL	2.0–3.0	2.0	1209	$2,350	$1.94	11d	2	0.98mi
6512 Grand Estuary Trl #102 Bradenton, FL	3.0	2.0	2108	$3,400	$1.61	23d	1	1.00mi
404 Golden Harbour Trl Bradenton, FL	3.0	2.0	2204	$3,700	$1.68	3d	1	1.13mi
115 River Enclave Ct Bradenton, FL	3.0	2.0	2074	$6,900	$3.33	3d	1	1.16mi
135 River Enclave Ct Bradenton, FL	3.0	2.0	2062	$1,950	$0.95	3d	1	1.21mi
8820 Heritage Sound Dr Bradenton, FL	3.0	2.0	2036	$5,000	$2.46	23d	1	1.23mi
8312 Grand Estuary Trl #104 Bradenton, FL	3.0	2.0	1786	$3,200	$1.79	23d	1	1.28mi
339 River Enclave Ct Bradenton, FL	3.0	2.0	2074	$6,900	$3.33	23d	1	1.40mi
652 Planters Manor Way Bradenton, FL	3.0	2.0	2370	$3,300	$1.39	23d	1	1.49mi

Listing history 15 events

1. 2026-06-03
   days on market $5,000 Active 8 DOM
2. 2026-06-02
   days on market $5,000 Active 7 DOM
3. 2026-06-01
   days on market $5,000 Active 6 DOM
4. 2026-05-31
   days on market $5,000 Active 5 DOM
5. 2026-05-26
   listed $5,000 Active
6. 2019-02-20
   soldstatus $239,000
7. 2019-02-19
   soldstatus $239,000 Sold 854-char remark

   Show marketing remark (854 chars)

   Don't miss this updated home in the Lighthouse Cove neighborhood of Heritage Harbour! This beautiful home has new waterproof vinyl floors downstairs, new carpet upstairs, new paint, new fixtures, new ceiling fans, new impact rated sliding glass door, and fresh landscaping. These updates go great with the stainless steel appliances, open floor plan, and gorgeous views as the sunsets toward the lake in your backyard. The home is located just off the interstate for easy commutes and only a few hundred yards away from Stoneybrook Golf Course. New development inside the neighborhood with tons of new shopping and restaurant options. This is proposed to include Costco, Portillos, Chipoltle and more! Construction on the I-75 interchange is expected to be completed by next year so it will be finished soon! Come check it out today before it is gone!

8. 2018-12-08
   status Pending 854-char remark

   Show marketing remark (854 chars)

   Don't miss this updated home in the Lighthouse Cove neighborhood of Heritage Harbour! This beautiful home has new waterproof vinyl floors downstairs, new carpet upstairs, new paint, new fixtures, new ceiling fans, new impact rated sliding glass door, and fresh landscaping. These updates go great with the stainless steel appliances, open floor plan, and gorgeous views as the sunsets toward the lake in your backyard. The home is located just off the interstate for easy commutes and only a few hundred yards away from Stoneybrook Golf Course. New development inside the neighborhood with tons of new shopping and restaurant options. This is proposed to include Costco, Portillos, Chipoltle and more! Construction on the I-75 interchange is expected to be completed by next year so it will be finished soon! Come check it out today before it is gone!

9. 2018-10-26
   listed $239,999 Active 854-char remark

   Show marketing remark (854 chars)

   Don't miss this updated home in the Lighthouse Cove neighborhood of Heritage Harbour! This beautiful home has new waterproof vinyl floors downstairs, new carpet upstairs, new paint, new fixtures, new ceiling fans, new impact rated sliding glass door, and fresh landscaping. These updates go great with the stainless steel appliances, open floor plan, and gorgeous views as the sunsets toward the lake in your backyard. The home is located just off the interstate for easy commutes and only a few hundred yards away from Stoneybrook Golf Course. New development inside the neighborhood with tons of new shopping and restaurant options. This is proposed to include Costco, Portillos, Chipoltle and more! Construction on the I-75 interchange is expected to be completed by next year so it will be finished soon! Come check it out today before it is gone!

10. 2009-04-27
    soldstatus $140,000 436-char remark

    Show marketing remark (436 chars)

    Bank Owned Bargain! Beautiful lakes views from many rooms of the 3/2.5 home. Upstairs bonus room/ loft, large living room and eat-in kitchen with breakfast bar. Master suite has a wonderful Lakeview, bath has a garden tub, separate shower and a walk-in closet. 2 car garage, and a inside utility room. Very clean, move-in ready, and a great use of space. Bank responds in hours. .not days. No waiting with short sales!!! Can close fast!

11. 2008-11-18
    listed $134,000 436-char remark

    Show marketing remark (436 chars)

    Bank Owned Bargain! Beautiful lakes views from many rooms of the 3/2.5 home. Upstairs bonus room/ loft, large living room and eat-in kitchen with breakfast bar. Master suite has a wonderful Lakeview, bath has a garden tub, separate shower and a walk-in closet. 2 car garage, and a inside utility room. Very clean, move-in ready, and a great use of space. Bank responds in hours. .not days. No waiting with short sales!!! Can close fast!

12. 2008-08-15
    historical
13. 2008-08-06
    listed $180,000
14. 2008-05-09
    listed $195,000
15. 2004-01-16
    soldstatus $1,051,400

ⓘ 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 5/10 Major FEMA zone X (shaded) · 48% 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,897
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$3,032
• − Management: −$3,032
• − Depreciation: −$145
• Taxable income: $31,308
• Est. tax owed @ 24.0%: −$7,514
• After-tax cash flow: $22,010/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

• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 25,536
• Household income: $125,486
• Rent vs Own: 15.3% rent · 84.7% own
• Severe rent burden: 383.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada, Vietnam, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 2% Vietnamese 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: ▼ -1.82%
• Current HPI: 276.7636
• Rent YoY: ▼ -3.44%
• 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

-99.5% since first listed

11 events — show timeline

• 2026-05-26 Listed $5,000 HAOR as distributed by MLS GRID
• 2019-02-20 Sold (Public Records) $239,000 Public Records
• 2019-02-19 Sold (MLS) $239,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-10-26 Listed $239,999 Stellar MLS as Distributed by MLS Grid
• 2009-04-27 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2008-11-18 Listed $134,000 Stellar MLS as Distributed by MLS Grid
• 2008-08-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-08-06 Listed $180,000 Stellar MLS as Distributed by MLS Grid
• 2008-05-09 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2004-01-16 Sold (Public Records) $1,051,400 Public Records

Property tax history

+5.9%/yr

Latest (2025): $4,962 · +2.6% YoY. Source: county tax records.