13 Tennessee St · Palmetto, FL 34221

$62,000

1 bd · 1.0 ba · 420 sqft · Manufactured public records · 30 Days on market

Built 1957 $195/mo HOA

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Why this score? — see what drove the C+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a 2-BEDROOM home. Monthly maintenance fees are $138. -- this covers water bill, trash pick up, lawn care, and lots of ammenities. Located in a well managed, well maintained Co-op . Owners acquire 1 share of co-op ownership and have voting rights. This is a wonderful location on the Manatee River. There is much pride of ownership within this community and lots of fun activities, including a great clubhouse and kitchen, a fire pit gathering area, Christmas parade and parties, lots of meal parties such as T-Bone Tuesdays, ice-cream socials, hot dog cookouts, great Holiday Meals, various pot-lucks, and entertainment events, as well as "club" activites for hobbies, pool, cards, golf, quilting, crafting, all enjoy Jet Park very much, and it is an amazing bargain to live here.

Key facts

• Picnic area
• Central location
• Fire pit

Tags

• CENTRAL LOCATION
• WOODWORK IN THE KITCHEN
• BOAT RAMP
• DIRECT ACCESS TO THE GULF
• PICNIC AREA
• FIRE PIT

Property features AI

Finance

• Financial info: Total monthly fees $195; total annual fees $2,340; Lease restrictions apply
• HOA & community: Has HOA; monthly fee $195 (includes common area taxes, pool, reserves, grounds maintenance, management, recreational facilities, sewer, trash, water); Association amenities: Clubhouse, Laundry, Park, Pool, Shuffleboard court; Buyer/association approval required; Senior community; Pets not allowed

Exterior

• Parking: Has carport (1 space)
• Utilities: Electricity connected; Water connected; Sewer connected (public sewer); Cable available
• Home design: Mobile home (single wide); One story; Faces north
• Construction: Vinyl siding; Roof over; Other foundation
• Exterior features: Awning(s); Asphalt road access; Community boat ramp with direct river access to the Gulf (Jet Park)

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Mini-split cooling unit(s)
• Interior features: Ceiling fans; Eat-in kitchen; Window treatments
• Laundry & utility: Laundry in common area

🏢 Co-op / cooperative unit. The $62,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $62k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $61k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.1% vs local median 2.0% in Palmetto — 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 72/100 on livability (#346 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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 (-3.0%/yr); 1160 active listings in the ZIP; solid renter incomes; 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 $429 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• Watch-outs: flood insurance adds $66/mo; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,070 (1.5% below list)

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F 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?
6. 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.
7. 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.
8. 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: 2.33% ✓
• Cap rate: 16.12%
• Cash-on-cash: 35.11%
• DSCR: 2.56
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $44,100
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Illinois St	0.01mi	1/1.0	432 (+3%)	6mo	$35,000	$81	90
192 Jet Dr	0.14mi	1/1.0	420 (0%)	7mo	$92,000	$219	87
155 New York St	0.12mi	1/1.0	396 (-6%)	13mo	$25,000	$63	74
164 New York St	0.13mi	1/1.0	380 (-10%)	8mo	$40,000	$105	72

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: 20.8%
• Equity multiple: 1.81×
• Total profit: $14,033
• Equity at exit: $9,244

10-year hold

• IRR: 26.3%
• Equity multiple: 2.89×
• Total profit: $32,854
• Equity at exit: $5,361

Cash invested: $17,360 (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 34221

• Rents YoY: -3.0%
• Active inventory: 1160
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,442 medium
• Mortgage (P&I): −$325
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$26
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$195
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $441

Break-even live

Break-even rent $883

Max offer price $62,000

Occupancy floor 64%

Sensitivity live

Price	-10% $477	-5% $459	+0% $441	+5% $424	+10% $406
Rent	-10% $328	-5% $385	+0% $441	+5% $498	+10% $555
Rate	-1.0pp $473	-0.5pp $457	base $441	+0.5pp $425	+1.0pp $409

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $195 · $2,340/yr
• Likely covers: watertrashlandscapingpool

Listing history 21 events

1. 2026-06-18
   days on market $62,000 Active 30 DOM
2. 2026-06-17
   days on market $62,000 Active 29 DOM
3. 2026-06-16
   days on market $62,000 Active 28 DOM
4. 2026-06-15
   days on market $62,000 Active 27 DOM
5. 2026-06-13
   days on market $62,000 Active 25 DOM
6. 2026-06-13
   days on market $62,000 Active 24 DOM
7. 2026-06-10
   days on market $62,000 Active 22 DOM
8. 2026-06-09
   days on market $62,000 Active 21 DOM
9. 2026-06-08
   days on market $62,000 Active 20 DOM
10. 2026-06-08
    days on market $62,000 Active 19 DOM
11. 2026-06-03
    days on market $62,000 Active 15 DOM
12. 2026-06-02
    days on market $62,000 Active 14 DOM
13. 2026-06-01
    days on market $62,000 Active 13 DOM
14. 2026-05-31
    days on market $62,000 Active 12 DOM
15. 2026-05-19
    listed $62,000 Active
16. 2022-04-06
    soldstatus $55,000
17. 2022-04-05
    soldstatus $55,000 Closed 798-char remark

    Show marketing remark (798 chars)

    This is a 2-BEDROOM home. Monthly maintenance fees are $138. -- this covers water bill, trash pick up, lawn care, and lots of ammenities. Located in a well managed, well maintained Co-op . Owners acquire 1 share of co-op ownership and have voting rights. This is a wonderful location on the Manatee River. There is much pride of ownership within this community and lots of fun activities, including a great clubhouse and kitchen, a fire pit gathering area, Christmas parade and parties, lots of meal parties such as T-Bone Tuesdays, ice-cream socials, hot dog cookouts, great Holiday Meals, various pot-lucks, and entertainment events, as well as "club" activites for hobbies, pool, cards, golf, quilting, crafting, all enjoy Jet Park very much, and it is an amazing bargain to live here.

18. 2022-03-05
    status Pending 798-char remark

    Show marketing remark (798 chars)

    This is a 2-BEDROOM home. Monthly maintenance fees are $138. -- this covers water bill, trash pick up, lawn care, and lots of ammenities. Located in a well managed, well maintained Co-op . Owners acquire 1 share of co-op ownership and have voting rights. This is a wonderful location on the Manatee River. There is much pride of ownership within this community and lots of fun activities, including a great clubhouse and kitchen, a fire pit gathering area, Christmas parade and parties, lots of meal parties such as T-Bone Tuesdays, ice-cream socials, hot dog cookouts, great Holiday Meals, various pot-lucks, and entertainment events, as well as "club" activites for hobbies, pool, cards, golf, quilting, crafting, all enjoy Jet Park very much, and it is an amazing bargain to live here.

19. 2022-02-28
    listed $50,000 Active 798-char remark

    Show marketing remark (798 chars)

    This is a 2-BEDROOM home. Monthly maintenance fees are $138. -- this covers water bill, trash pick up, lawn care, and lots of ammenities. Located in a well managed, well maintained Co-op . Owners acquire 1 share of co-op ownership and have voting rights. This is a wonderful location on the Manatee River. There is much pride of ownership within this community and lots of fun activities, including a great clubhouse and kitchen, a fire pit gathering area, Christmas parade and parties, lots of meal parties such as T-Bone Tuesdays, ice-cream socials, hot dog cookouts, great Holiday Meals, various pot-lucks, and entertainment events, as well as "club" activites for hobbies, pool, cards, golf, quilting, crafting, all enjoy Jet Park very much, and it is an amazing bargain to live here.

20. 2004-08-30
    soldstatus $16,600
21. 2000-03-09
    soldstatus $11,900

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $1,025 · $85/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 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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

Taxation est. · year 1

• Rental income: $17,306
• − Mortgage interest: −$3,473
• − Property taxes: −$1,025
• − Insurance: −$1,108
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − HOA: −$2,340
• − Depreciation: −$1,804
• Taxable income: $4,788
• Est. tax owed @ 24.0%: −$1,149
• After-tax cash flow: $4,149/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 — Palmetto

• Score: 72/100
• State rank: #346
• US rank: #5695

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmetto, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 56,208
• Household income: $77,712
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 1193.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 59% Hispanic / Latino 22% Black 14% Two or more races 11%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, Dominican Republic, Jamaica
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -383.53%
• Current HPI: 302.1458
• Rent YoY: ▼ -2.98%
• 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

+421.0% since first listed

7 events — show timeline

• 2026-05-19 Listed $62,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-06 Sold (Public Records) $55,000 Public Records
• 2022-04-05 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-28 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-30 Sold (Public Records) $16,600 Public Records
• 2000-03-09 Sold (Public Records) $11,900 Public Records

Property tax history

+16.3%/yr

Latest (2025): $1,025 · +6.8% YoY. Source: county tax records.