408 51st Avenue Dr W · South Bradenton, FL 34207

$55,000

2 bd · 1.0 ba · 460 sqft · Manufactured public records · 92 Days on market

Built 1959 3,001 sqft lot Est $65k · 15% under $175/mo HOA · 13% of rent

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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 +14.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. All ages welcome, land owned, low HOA fees! The home has great potential with TLC! This is an expanded single-wide with a detached, screened patio in the back. This home is centrally located to everything. Close to shopping, golfing, medical facilities, beaches, entertainment, Sarasota, Tampa, ST. Pete. , and much more.

Key facts

• Low hoa fees
• Centrally located
• Expanded single-wide

Tags

• LAND OWNED
• LOW HOA FEES
• EXPANDED SINGLE-WIDE
• DETACHED SCREENED PATIO
• CENTRALLY LOCATED
• CLOSE TO SHOPPING

Property features AI

Finance

• Other: Total acreage under 1/4 acre (approx. 0.07 acres); Living area listed as 460 sq ft; Building area total listed as 1,530 sq ft; Association annual fees reported as $2,100
• Financial info: Lease restrictions apply
• HOA & community: Floridana Mobile Home association (monthly fee required); Monthly association fee $175; Association approval required; Pets allowed with breed restrictions

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Mobile home (single wide); One level; North-facing
• Construction: Frame construction; Metal roof; Other foundation
• Exterior features: Storage; Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Kitchen and family room combined; 6 total rooms
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $55k.

Deal economics

• At list price, monthly cash flow is $69 ($825/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.1% vs local median 4.1% in South 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 77/100 on livability (#195 in FL, #3,092 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime D+, 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 falling (-5.5%/yr); 361 active listings in the ZIP; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 36% of the median local income ($45k/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 $380 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.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $55k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. 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?
9. 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.
10. 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.
11. 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: 2.43% ✓
• Cap rate: 17.10%
• Cash-on-cash: 38.59%
• DSCR: 2.72
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $64,860
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
618 51st Ave W	0.17mi	2/1.5	470 (+2%)	6mo	$66,000	$140	82
611 51st Avenue Plz W	0.14mi	2/1.0	460 (0%)	14mo	$65,000	$141	82
1017 51st Avenue Dr W	0.40mi	1/1.0 (-1)	440 (-4%)	5mo	$70,000	$159	65
1107 49th Ave W	0.51mi	2/1.0	450 (-2%)	10mo	$55,000	$122	65
1109 49th Avenue Dr W	0.50mi	1/1.0 (-1)	427 (-7%)	2mo	$70,900	$166	58
108 51st Avenue Ter W	0.19mi	1/1.0 (-1)	520 (+13%)	8mo	$57,000	$110	58
704 49th Ave W	0.32mi	1/1.0 (-1)	410 (-11%)	5mo	$59,900	$146	58
709 49th Avenue Dr W	0.30mi	1/1.0 (-1)	528 (+15%)	2mo	$30,000	$57	55

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: -15.7%
• Equity multiple: 0.48×
• Total profit: $-8,062
• Equity at exit: $8,201

10-year hold

• IRR: -40.8%
• Equity multiple: 0.03×
• Total profit: $-14,940
• Equity at exit: $4,755

Cash invested: $15,400 (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 34207

• Rents YoY: -5.5%
• Active inventory: 361
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,339 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$76 /mo · $910/yr
• Insurance: −$23
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$175
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $69

Break-even live

Break-even rent $1,252

Max offer price $55,000

Occupancy floor 90%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $175 · $2,100/yr

Listing history 21 events

1. 2026-06-18
   remarks 362-char remark
2. 2026-06-18
   status $55,000 Pending 92 DOM
3. 2026-06-18
   days on market $55,000 Active 92 DOM
4. 2026-06-17
   days on market $55,000 Active 91 DOM
5. 2026-06-16
   days on market $55,000 Active 90 DOM
6. 2026-06-15
   days on market $55,000 Active 89 DOM
7. 2026-06-13
   days on market $55,000 Active 87 DOM
8. 2026-06-13
   days on market $55,000 Active 86 DOM
9. 2026-06-10
   days on market $55,000 Active 84 DOM
10. 2026-06-09
    days on market $55,000 Active 83 DOM
11. 2026-06-08
    days on market $55,000 Active 82 DOM
12. 2026-06-08
    pricedays on market $55,000 Active 81 DOM
13. 2026-06-03
    days on market $64,000 Active 77 DOM
14. 2026-06-02
    days on market $64,000 Active 76 DOM
15. 2026-06-01
    days on market $64,000 Active 75 DOM
16. 2026-05-31
    days on market $64,000 Active 74 DOM
17. 2026-03-18
    listed $64,000 Active
18. 2003-09-19
    soldstatus $35,000
19. 1987-08-05
    soldstatus $35,000
20. 1985-02-01
    soldstatus $33,000
21. 1984-03-01
    soldstatus $35,000

ⓘ 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: $910 · $76/mo
• Projected year-2 tax: $910 · $76/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 3/10 Moderate FEMA zone AE · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 23 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: $16,063
• − Mortgage interest: −$3,081
• − Property taxes: −$910
• − Insurance: −$5,394
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − HOA: −$2,100
• − Depreciation: −$1,600
• Taxable income: $408
• Est. tax owed @ 24.0%: −$98
• After-tax cash flow: $727/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 — South Bradenton

• Score: 77/100
• State rank: #195
• US rank: #3092

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Bradenton, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 34,081
• Household income: $45,010
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 1474.0

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 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 13% Black 7%
• Hispanic origin (detail): Mexican 12% Puerto Rican 4% Cuban 3% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 22% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -305.32%
• Current HPI: 369.9899
• Rent YoY: ▼ -5.50%
• 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

+82.9% since first listed

5 events — show timeline

• 2026-03-18 Listed $64,000 Stellar MLS as Distributed by MLS Grid
• 2003-09-19 Sold (Public Records) $35,000 Public Records
• 1987-08-05 Sold (Public Records) $35,000 Public Records
• 1985-02-01 Sold (Public Records) $33,000 Public Records
• 1984-03-01 Sold (Public Records) $35,000 Public Records

Property tax history

+14.7%/yr

Latest (2025): $910 · +235.1% YoY. Source: county tax records.