1510-1512 27th St W · Bradenton, FL 34205

$325,000

3 bd · 2.0 ba · 1,458 sqft · MultiFamily public records · 4 Days on market

Built 1979 10,650 sqft lot Est $366k · 11% under

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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 +12.6/30.0
• ARV discount +12.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Under contract-accepting backup offers. Investor special in West Bradenton! Duplex on an oversized . 24-acre lot with no HOA or deed restrictions—ideal for maximizing returns. Each unit offers 2BR/1BA layouts with strong rental potential, plus a newer roof to reduce upfront expenses. One unit is leased month-to-month for immediate income while you renovate and increase rents. Located in a high-demand area near Gulf beaches, golf, dining, shopping, biking and walking trails, fishing, and convenient transportation access. Value-add opportunity with strong cash flow and long-term upside—don’t miss this one.

Key facts

• Newer roof
• Gulf beaches
• Deed restrictions

Tags

• OVERSIZED LOT
• NO HOA
• DEED RESTRICTIONS
• NEWER ROOF
• HIGH-DEMAND AREA
• GULF BEACHES

Property features AI

Finance

• Other: Total buildings: 1; Total units: 2; Living area reported ~1,458; Building area reported ~1,578
• Financial info: Annual net income: $38,400; Pro forma rents listed: $1,600 and $1,600; No lease restrictions
• HOA & community: No association; Pets allowed (cats and dogs)

Exterior

• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Sewer connected
• Home design: Duplex residential income property; One building; Zoned R1C; Lot about 0.24 acre (75 x 142)
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Building area approximately 1578 total
• Exterior features: Lighting; Private mailbox; Rain gutters; Asphalt road access

Interior

• Bedrooms: 4 bedrooms total; Two 2-bedroom units (each unit: 2 bedrooms)
• Bathrooms: Two 1-bathroom units (each unit: 1 bathroom)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat
• Laundry & utility: Laundry room with electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2 × 2.0-bed/1.0-bath units multifamily listed at $325k.

Deal economics

• At list price, monthly cash flow is $-41 ($-498/yr) — negative. Per door: $-21/mo.
• To cash-flow at today's rent, offer at most $318k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (16.5% below list).
• Recommended offer: $272k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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.
• Zoned schools: Ballard Elementary School (math 47% / reading 32%, grade F, #1,513 of 2,144 statewide, top 73%, 400 students, 82% FRL); Manatee High School (math 32% / reading 47%, grade F, #304 of 667 statewide, top 47%, 1,983 students, 59% FRL) — zoned schools average 71% FRL vs 51% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 52% district-wide (-12 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.4%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $2,715/mo this rent would consume 62% of the median local household income ($53k/yr) (locally 1736% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $75k; list at $325k implies a 333% gain — meaningful room to come down on a strong offer.

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 $271,500 (16.5% 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. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.55%
• DSCR: 0.98
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $365,958
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1406/1408 27th St W	0.09mi	4/2.0 (+1)	1,512 (+4%)	6mo	$380,000	$251	80
1708 28th St W	0.13mi	4/4.0 (+1)	1,528 (+5%)	8mo	$355,000	$232	67
1419 18th St W	0.60mi	3/3.0	1,260 (-14%)	19mo	$400,000	$317	30

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: -20.5%
• Equity multiple: 0.30×
• Total profit: $-63,259
• Equity at exit: $48,459

10-year hold

• IRR: -22.1%
• Equity multiple: 0.02×
• Total profit: $-89,220
• Equity at exit: $28,100

Cash invested: $91,000 (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 34205

• Rents YoY: -2.4%
• Active inventory: 319
• Price-to-rent: 20.0×

Monthly cashflow live

• Estimated rent: $2,715 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$347 /mo · $4,159/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$570
• Net cashflow: $-41

Break-even live

Break-even rent $2,768

Max offer price $317,670

Occupancy floor 97%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2.0	1	$2,714
Total (2 units)			$2,715

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1613 28th St W Bradenton, FL	2.0	2.0	1200	$1,850	$1.54	23d	1	0.07mi
1503 32nd St W Bradenton, FL	3.0	2.0	1148	$2,400	$2.09	23d	1	0.28mi
2321 18th Ave W Bradenton, FL	2.0	2.0	1168	$3,600	$3.08	23d	1	0.28mi
1214 21st St W Bradenton, FL	3.0	3.0	1841	$4,300	$2.34	23d	1	0.42mi
3301 19th Ave W Bradenton, FL	4.0	2.0	1750	$7,200	$4.11	23d	1	0.43mi
3109 22nd Ave W Bradenton, FL	3.0	2.0	1509	$2,541	$1.68	11d	1	0.51mi
2004 20th Ave W Bradenton, FL	3.0	2.0	1650	$2,395	$1.45	23d	1	0.53mi
617 26th St W Bradenton, FL	2.0	2.0	1127	$3,000	$2.66	20d	1	0.58mi
602 26th St W Unit A Bradenton, FL	2.0	1.0	1200	$1,250	$1.04	3d	1	0.60mi
1408 37th Street Ct W Bradenton, FL	3.0	2.0	1188	$2,500	$2.10	3d	1	0.61mi
2201 24th Ave W Bradenton, FL	2.0	2.0	1115	$1,950	$1.75	23d	1	0.62mi
3807 16th Ave W Bradenton, FL	3.0	2.0	1491	$2,100	$1.41	23d	1	0.64mi
1306 17th St W Unit 4 Bradenton, FL	2.0	1.0	1000	$1,100	$1.10	16d	1	0.65mi
520 22nd St W Unit 1071597P Bradenton, FL	3.0	2.0	1582	$4,235	$2.68	2d	1	0.70mi
2309 Manatee Ave W Bradenton, FL	2.0	1.0	900	$1,535	$1.71	3d	4	0.71mi
2001 25th Ave W Bradenton, FL	3.0	2.0	1370	$3,000	$2.19	20d	1	0.75mi
1505 18th Avenue Dr W Bradenton, FL	3.0	1.0	886	$1,875	$2.12	16d	1	0.76mi
2901 26th St W #807 Bradenton, FL	2.0	2.0	940	$1,525	$1.62	2d	1	0.79mi
1623 8th Ave W Bradenton, FL	3.0	2.0	1650	$3,500	$2.12	1d	1	0.81mi
3805 7th Ave W Bradenton, FL	3.0	1.0	1000	$2,200	$2.20	23d	1	0.81mi
2916 24th St W Bradenton, FL	3.0	2.0	1764	$1,800	$1.02	23d	1	0.84mi
1418 18th Avenue Dr W Unit 1418 Bradenton, FL	3.0	2.0	1000	$1,900	$1.90	23d	1	0.85mi
2306 30th Ave W Bradenton, FL	3.0	2.0	945	$1,700	$1.80	23d	1	0.88mi
1319 18th Ave W Bradenton, FL	3.0	2.0	1185	$1,795	$1.51	23d	1	0.89mi
3603 Oxford Dr W Bradenton, FL	2.0	2.0	1400	$2,400	$1.71	23d	1	0.90mi
3806 Southern Pkwy W Bradenton, FL	3.0	2.0	1296	$2,176	$1.68	11d	1	1.00mi
2422 11th St W Bradenton, FL	2.0	1.0	900	$1,445	$1.61	23d	1	1.12mi
1650 1st Ave W Unit 507B Bradenton, FL	2.0	2.0	1269	$2,300	$1.81	23d	1	1.17mi
2244 9th St W Bradenton, FL	1.0–2.0	1.0–2.0	768	$1,323	$1.72	23d	4	1.18mi
1600 1st Ave W Unit 206A Bradenton, FL	2.0	2.0	1221	$2,000	$1.64	14d	1	1.20mi
1400 1st Ave W #504 Bradenton, FL	2.0	2.0	1280	$2,295	$1.79	23d	1	1.21mi
3512 32nd St W Bradenton, FL	2.0	1.0	1200	$2,100	$1.75	3d	1	1.22mi
4607 7th Ave W Bradenton, FL	3.0	1.0	1296	$1,950	$1.50	23d	1	1.24mi
702 21st Ave W Unit C Bradenton, FL	2.0	1.0	1000	$1,350	$1.35	3d	1	1.25mi
3737 Lake Bayshore Dr Unit 213 Bradenton, FL	2.0	1.0	912	$1,150	$1.26	21d	1	1.28mi
4121 Heron Way #108 Bradenton, FL	2.0	2.0	1144	$1,340	$1.17	23d	1	1.29mi
3963 Lake Bayshore Dr Unit F-414 Bradenton, FL	2.0	1.0	1040	$1,200	$1.15	14d	1	1.29mi
3635 Lake Bayshore Dr Unit J410 Bradenton, FL	2.0	2.0	1144	$1,700	$1.49	23d	1	1.29mi
4129 Lake Bayshore Dr Unit C501 Bradenton, FL	2.0	2.0	1144	$1,600	$1.40	3d	1	1.29mi
3506 14th St W Bradenton, FL	3.0	1.0–2.0	874	$1,950	$2.23	23d	5	1.29mi

Listing history 4 events

1. 2026-05-23
   listed $325,000 Active
2. 2006-07-18
   soldstatus $75,000
3. 1994-02-03
   soldstatus $77,000
4. 1985-08-01
   soldstatus $65,000

ⓘ 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: $4,159 · $347/mo
• Projected year-2 tax: $4,159 · $347/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 ≥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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,580
• − Mortgage interest: −$18,205
• − Property taxes: −$4,159
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,606
• − Management: −$2,606
• − Depreciation: −$9,455
• Taxable loss: −$6,077
• Est. tax savings @ 24.0%: +$1,458
• After-tax cash flow: $960/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

• Census place: Bradenton, FL
• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 31,946
• Household income: $52,525
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1736.0

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 18% Black 10% Two or more races 9% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 4% Cuban 1%
• Common ancestry: Hispanic 2% Romanian 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 78% English-only · Spanish 14% French/Haitian/Cajun 2% German/W. Germanic 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: ▼ -310.18%
• Current HPI: 369.8239
• Rent YoY: ▼ -2.43%
• 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

+400.0% since first listed

4 events — show timeline

• 2026-05-23 Listed $325,000 Stellar MLS as Distributed by MLS Grid
• 2006-07-18 Sold (Public Records) $75,000 Public Records
• 1994-02-03 Sold (Public Records) $77,000 Public Records
• 1985-08-01 Sold (Public Records) $65,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $4,159 · +5.6% YoY. Source: county tax records.