5316 53rd Ave E Unit E3 · Bradenton, FL 34203

$50,000

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 111 Days on market

Built 1972 3,354 sqft lot Est $83k · 40% under $332/mo HOA · 18% of rent ↓ 17% since listing

---

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 +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Property needs repairs and is priced accordingly. Owner is motivated.

Key facts

• 3,354 sq ft lot
• Parking
• Community pool

Property features AI

Finance

• Other: Living area approx. 672 sq ft (public records); Lot approx. 0.08 acres (0.08 acre / ~312 m²); Direction faces north
• Financial info: Total annual association fees $3,984; Lease restrictions apply
• HOA & community: Part of Lou Paul association with required approval; Monthly association fee $332; Association amenities include cable TV, clubhouse, laundry, pool, recreation facilities, shuffleboard court, and maintained private road; Association fee covers cable TV, pool, internet, grounds maintenance, management, private road, recreational facilities, sewer, trash and water; Community features: buyer approval required, clubhouse, community mailbox, deed restrictions, pool; Senior community; Cats and dogs allowed; Partially furnished

Exterior

• Parking: Has carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Sewer connected; Water connected
• Home design: Residential mobile home (single wide); One story; Faces north
• Construction: Vinyl siding with frame construction; Metal roof; 120.4 m2 building area total (per records)
• Exterior features: Private maintained road; Asphalt/paved road

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Living room/dining room combo; Window treatments
• Laundry & utility: Laundry located outside; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $762 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $46k (9.0% below list) — sets the bar for market timing.
• Cap rate 24.6% 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 (-1.0%/yr); 384 active listings in the ZIP; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 31% 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 $346 of loan paydown is wiped out by about $2k 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 $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($46k) is reasonable based on typical stale-listing flexibility.

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 $45,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 3.69% ✓
• Cap rate: 24.57%
• Cash-on-cash: 65.29%
• DSCR: 3.90
• GRM: 2.3

CMA / ARV

• ARV (on-the-fly): $82,656
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5316 53rd Ave E Unit B6	0.11mi	2/1.0	672 (0%)	10mo	$50,000	$74	86
5316 53rd Ave E Unit M4	0.26mi	2/1.0	672 (0%)	3mo	$73,000	$109	86
5316 53 Ave E Unit I5	0.23mi	2/1.0	690 (+3%)	3mo	$84,900	$123	83
5316 53rd Ave E Unit Q6	0.23mi	2/1.0	672 (0%)	10mo	$80,000	$119	81
5316 53rd Ave E Unit E2	0.01mi	2/2.0	736 (+10%)	1mo	$75,000	$102	79
5316 53rd Ave E Unit Q8	0.25mi	2/1.0	672 (0%)	12mo	$99,000	$147	78
5316 53rd Ave E Unit K29	0.26mi	2/2.0	672 (0%)	10mo	$111,000	$165	76
5316 53rd Ave E Unit I10	0.26mi	2/1.5	744 (+11%)	8mo	$98,000	$132	61
5316 53rd Ave E Unit A3	0.06mi	2/2.0	768 (+14%)	12mo	$65,000	$85	59
5707 45th St E #81	0.69mi	2/2.0	736 (+10%)	6mo	$105,000	$143	43

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: 60.1%
• Equity multiple: 3.52×
• Total profit: $35,244
• Equity at exit: $7,455

10-year hold

• IRR: 63.4%
• Equity multiple: 6.23×
• Total profit: $73,240
• Equity at exit: $4,323

Cash invested: $14,000 (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: 384
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $1,846 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$82 /mo · $981/yr
• Insurance: −$21
• HOA: −$332
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $762

Break-even live

Break-even rent $882

Max offer price $50,000

Occupancy floor 54%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $332 · $3,984/yr

Listing history 16 events

1. 2026-06-18
   days on market $50,000 Active 111 DOM
2. 2026-06-17
   days on market $50,000 Active 110 DOM
3. 2026-06-16
   days on market $50,000 Active 109 DOM
4. 2026-06-15
   days on market $50,000 Active 108 DOM
5. 2026-06-13
   days on market $50,000 Active 106 DOM
6. 2026-06-13
   days on market $50,000 Active 105 DOM
7. 2026-06-10
   days on market $50,000 Active 103 DOM
8. 2026-06-09
   days on market $50,000 Active 102 DOM
9. 2026-06-08
   days on market $50,000 Active 101 DOM
10. 2026-06-08
    days on market $50,000 Active 100 DOM
11. 2026-06-03
    days on market $50,000 Active 96 DOM
12. 2026-06-02
    days on market $50,000 Active 95 DOM
13. 2026-06-01
    days on market $50,000 Active 94 DOM
14. 2026-05-31
    days on market $50,000 Active 93 DOM
15. 2026-04-20
    price $50,000
16. 2026-02-27
    listed $60,000 Active

ⓘ 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: $981 · $82/mo
• Projected year-2 tax: $981 · $82/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,154
• − Mortgage interest: −$2,801
• − Property taxes: −$981
• − Insurance: −$250
• − Repairs & maintenance: −$1,772
• − Management: −$1,772
• − HOA: −$3,984
• − Depreciation: −$1,455
• Taxable income: $9,139
• Est. tax owed @ 24.0%: −$2,193
• After-tax cash flow: $6,947/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): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 1469.0

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 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%

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

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

-16.7% since first listed

2 events — show timeline

• 2026-04-20 Price Changed $50,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Listed $60,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.9%/yr

Latest (2025): $981 · -0.1% YoY. Source: county tax records.