2322 Anders Dr · Lakewood Ranch, FL 34219

$399,999

4 bd · 2.5 ba · 2,130 sqft · SingleFamily · 135 Days on market

Built 2026 5,998 sqft lot $119/mo HOA · 3% of rent ↓ 8% since listing

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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 +12.1/30.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• 1% rule +3.8/10.0
• DSCR +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Under Construction. Welcome to the Lynwood Floorplan, a sophisticated 2-story home that seamlessly blends style and functionality across 2,130square feet. Boasting 4 spacious bedrooms and 2.5 well-appointed bathrooms, this residence provides ample space for both relaxation and entertaining. The home features the primary suite on the first floor, elegant quartz countertops throughout and durable tile flooring in the main living areas, while cozy carpeting in the bedrooms offers added comfort. The kitchen and bathrooms are outfitted with modern soft-close cabinets and stylish cabinet hardware, ensuring both beauty and practicality. The oversized loft upstairs provides a tranquil getaway for e

Key facts

• 5,998 sq ft lot
• 2 garage spots
• Built 2026

Tags

• PRIMARY SUITE ON FIRST FLOOR
• ELEGANT QUARTZ COUNTERTOPS
• DURABLE TILE FLOORING
• COZY CARPETING IN BEDROOMS
• MODERN SOFT-CLOSE CABINETS
• STYLISH CABINET HARDWARE

Property features AI

Finance

• Other: Lot approx. 0.14 acres (about 557 sq m); Community feature: Playground
• HOA & community: HOA: Richmond American (monthly $119 / annual $1,428); Association amenities include playground and trails; Pets allowed; Association fee required

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; BB/HS internet available; Water connected; Sewer connected
• Home design: Single family residence; Two stories; Under construction (projected completion Feb 28, 2026); Faces west
• Construction: Stone and stucco construction; Shingle roof; Block/other/slab foundation; New construction; Builder: Richmond American Homes (Model: Lynwood); Builder license CBC1258254; Permit BLD2508-4641; Built area (builder): 2,130 living / 2,753 total
• Exterior features: Covered patio; Front porch; Patio; Sliding doors; Irrigation equipment; Public-maintained paved/asphalt road access

Interior

• Kitchen: Dishwasher; Garbage disposal; Microwave; Range; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full baths; 1 half bath
• Heating & cooling: Central heating (electric); Central air
• Interior features: High ceilings; Open floorplan with kitchen/family room combo; Living room/dining room combo; Solid surface counters; Split bedroom layout; Thermostat; Walk-in closets
• Laundry & utility: Laundry room; Washer; Dryer

🏗️ New construction. The $399,999 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $462,210.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $-105 ($-1k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $400k).
• Recommended offer: $352k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 3.3% in Lakewood Ranch — 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: 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.
• Market conditions: Rents soft (-0.9%/yr); 2170 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 43% of the median local income ($114k/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 $3k of loan paydown is wiped out by about $14k 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 135 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.

Recommended offer $351,999 (12.0% 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. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.88% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.98%
• DSCR: 0.96
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $462,210
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14519 Banks Ct	0.07mi	4/3.0	2,170 (+2%)	1mo	$444,999	$205	91
14620 20th St E	0.19mi	4/3.0	2,197 (+3%)	3mo	$413,500	$188	82
14514 20th St E	0.24mi	4/3.0	2,197 (+3%)	2mo	$450,000	$205	80
14314 17th Ct E	0.51mi	3/2.5 (-1)	2,129 (-0%)	5mo	$462,500	$217	67
14404 20th St E	0.30mi	4/3.0	2,139 (+0%)	24mo	$450,000	$210	63
1825 Twin Rivers Trl	0.34mi	4/3.0	2,309 (+8%)	10mo	$730,000	$316	59
15914 29th St E	0.59mi	3/3.0 (-1)	2,288 (+7%)	16mo	$620,000	$271	40
13805 22nd Ct E	0.54mi	4/3.0	2,446 (+15%)	23mo	$660,000	$270	28

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: -21.4%
• Equity multiple: 0.28×
• Total profit: $-93,367
• Equity at exit: $68,917

10-year hold

• IRR: -24.8%
• Equity multiple: -0.05×
• Total profit: $-135,377
• Equity at exit: $39,963

Cash invested: $129,419 (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 34219

• Home prices YoY: -23.7%
• Rents YoY: -0.9%
• Active inventory: 2170
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $4,061 medium
• Mortgage (P&I): −$2,424
• Tax est. 1.5%: −$578 /mo · $6,933/yr
• Insurance: −$193
• HOA: −$119
• Vacancy / Maint / Mgmt: −$853
• Net cashflow: $-105

Break-even live

Break-even rent $4,194

Max offer price $446,982

Occupancy floor 98%

Sensitivity live

Price	-10% $214	-5% $54	+0% $-105	+5% $-265	+10% $-425
Rent	-10% $-426	-5% $-266	+0% $-105	+5% $55	+10% $216
Rate	-1.0pp $128	-0.5pp $12	base $-105	+0.5pp $-225	+1.0pp $-347

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: $115,552
• Closing costs: $13,866
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16457 Woodside Gln Parrish, FL	4.0	3.0	2748	$3,800	$1.38	24d	1	1.24mi
1043 145th Street Cir NE Bradenton, FL	3.0	3.0	2600	$7,000	$2.69	22d	1	1.26mi
13744 Old Creek Ct Parrish, FL	3.0	2.5	2274	$3,000	$1.32	22d	1	1.41mi
2726 Greenleaf Ter Parrish, FL	3.0	2.0	1651	$2,200	$1.33	24d	1	1.48mi

HOA detail

• Monthly dues: $119 · $1,428/yr

Listing history 18 events

1. 2026-06-18
   days on market $399,999 Active 135 DOM
2. 2026-06-17
   days on market $399,999 Active 134 DOM
3. 2026-06-16
   days on market $399,999 Active 133 DOM
4. 2026-06-15
   days on market $399,999 Active 132 DOM
5. 2026-06-13
   days on market $399,999 Active 130 DOM
6. 2026-06-13
   days on market $399,999 Active 129 DOM
7. 2026-06-10
   days on market $399,999 Active 127 DOM
8. 2026-06-09
   days on market $399,999 Active 126 DOM
9. 2026-06-08
   days on market $399,999 Active 125 DOM
10. 2026-06-08
    days on market $399,999 Active 124 DOM
11. 2026-06-03
    days on market $399,999 Active 120 DOM
12. 2026-06-02
    days on market $399,999 Active 119 DOM
13. 2026-06-01
    days on market $399,999 Active 118 DOM
14. 2026-05-31
    days on market $399,999 Active 117 DOM
15. 2026-04-24
    price $399,999
16. 2026-04-03
    price $379,999
17. 2026-03-26
    price $399,999
18. 2026-02-03
    listed $434,999 Active

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

Taxation est. · year 1

• Rental income: $48,729
• − Mortgage interest: −$25,891
• − Property taxes: −$6,933
• − Insurance: −$2,311
• − Repairs & maintenance: −$3,898
• − Management: −$3,898
• − HOA: −$1,428
• − Depreciation: −$13,446
• Taxable loss: −$9,077
• Est. tax savings @ 24.0%: +$2,178
• After-tax cash flow: $916/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 — Lakewood Ranch

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Manatee County · 416,364 people
• City population: 33,319
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 33,296
• Household income: $113,773
• Rent vs Own: 8.1% rent · 91.9% own
• Severe rent burden: 219.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 8% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 4% Hispanic 2% Russian 2%
• Foreign-born: 10% · Canada, Dominican Republic, Jamaica
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2% Other Asian/Pacific 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: ▼ -84.45%
• Current HPI: 271.7131
• Rent YoY: ▼ -0.95%
• 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

-8.0% since first listed

4 events — show timeline

• 2026-04-24 Price Changed $399,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $379,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-26 Price Changed $399,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Listed $434,999 Stellar MLS as Distributed by MLS Grid