6710 36th Ave E Lot 193 · Ellenton, FL 34221

$122,500

2 bd · 1.0 ba · 1,056 sqft · Manufactured public records · 1 Days on market

Built 1981 4,400 sqft lot Est $142k · 13% under $216/mo HOA · 10% 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 +13.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Best price property in Shadow Brook * 2 Bedrooms * 2 Baths * Unfurnished and ready for a new owner * Shadow Brook is a planned Mobile Home Condominium subdivision with reasonable rules; reasonable prices; and realistic deed restrictions * Pets are welcomed (2 maximum) * Excellent location for commuters to St Petersburg; Ruskin; Sun City; Palmetto; Parrish; Ellenton; Bradenton; Sarasota; and Tampa * Being sold "As Is With Right To Inspect Only" * Should any repairs or improvements be needed to convey this property (for any reason whatsoever) they will be the sole responsibility of the Buyer.

Key facts

• 4,400 sq ft lot
• Parking
• Community pool

Property features AI

Finance

• Other: Deed-restricted community; Buyer approval required for association
• Financial info: Lease restrictions apply; Total annual fees: $2,600 (total monthly approx. $216.67)
• HOA & community: Association: Newby Management; Clubhouse and pool; Recreation facilities including shuffleboard court; Association requires buyer approval; On-site property manager; Pets allowed (cats and dogs); Quarterly condo/association fees: $217 monthly equivalent (quarterly fee $650); Association fees cover cable TV, internet, pool, management, sewer, trash, water, common area taxes and recreational facilities

Exterior

• Parking: Driveway; Carport with 1 space
• Utilities: Private water; Private sewer; Cable connected; Electricity connected; Sewer connected; Water connected; Public utilities available
• Home design: Manufactured home (double wide); One story; South-facing entry
• Construction: Frame construction; Roof over; Pillar/post/pier foundation; Completed condition
• Exterior features: Front porch; Screened porch; Porch; Exterior storage; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Formal dining area; Window treatments
• Laundry & utility: Laundry room; Other laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $122k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $122k).
• Cap rate 13.3% vs local median 4.5% in Ellenton — 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 76/100 on livability (#232 in FL, #3,666 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: James Tillman Elementary Magnet School (math 65% / reading 34%, grade D, #1,088 of 2,144 statewide, top 53%, 520 students, 74% FRL); Palmetto High School (math 22% / reading 36%, grade F, #456 of 667 statewide, top 68%, 2,100 students, 61% FRL) — zoned schools average 68% FRL vs 51% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 52% district-wide (-13 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 (-3.0%/yr); 1160 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 33% of the median local income ($78k/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 $847 of loan paydown is wiped out by about $4k 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 $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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.
• Current owner paid $58k; list at $122k implies a 111% 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,500

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.75% ✓
• Cap rate: 13.32%
• Cash-on-cash: 25.09%
• DSCR: 2.12
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $141,504
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6710 36th Ave E #106	0.00mi	2/2.0	1,056 (0%)	0mo	$141,250	$134	96
6710 36 Ave #277	0.00mi	2/2.0	1,056 (0%)	6mo	$117,000	$111	91
6710 36th Ave E #392	0.00mi	2/2.0	1,056 (0%)	8mo	$190,000	$180	90
6710 36th Ave E #59	0.00mi	2/2.0	1,056 (0%)	8mo	$144,000	$136	90
6710 36th Ave E #104	0.00mi	2/2.0	1,108 (+5%)	1mo	$144,500	$130	87
6710 36th Ave E #350	0.00mi	2/2.0	1,000 (-5%)	5mo	$160,000	$160	83
6710 36th Ave E #37	0.00mi	2/2.0	1,152 (+9%)	7mo	$125,000	$109	75
6710 36th Ave E #323	0.00mi	2/2.0	1,152 (+9%)	10mo	$165,000	$143	72
6710 36th Ave E #349	0.00mi	2/2.0	936 (-11%)	11mo	$122,000	$130	68
6710 36th Ave E #222	0.00mi	2/2.0	1,211 (+15%)	10mo	$148,000	$122	63

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: 14.9%
• Equity multiple: 1.57×
• Total profit: $19,655
• Equity at exit: $18,265

10-year hold

• IRR: 21.1%
• Equity multiple: 2.52×
• Total profit: $52,091
• Equity at exit: $10,592

Cash invested: $34,300 (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: 4.8×

Monthly cashflow live

• Estimated rent: $2,146 high
• Mortgage (P&I): −$642
• Tax from tax record: −$69 /mo · $827/yr
• Insurance: −$51
• HOA: −$216
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $717

Break-even live

Break-even rent $1,238

Max offer price $122,500

Occupancy floor 62%

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: $30,625
• Closing costs: $3,675
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6010 33rd Dr E Palmetto, FL	3.0	2.0	1287	$2,115	$1.64	3d	1	0.41mi
3303 54th St E Palmetto, FL	3.0	2.0	1285	$2,000	$1.56	3d	1	0.78mi
6045 Bird Key Pl Palmetto, FL	1.0–3.0	1.0–2.0	986	$2,005	$2.03	3d	220	0.88mi
9940 Mahaffey DR Palmetto, FL	1.0–3.0	1.0–3.0	1106	$1,700	$1.54	23d	1	0.88mi
5029 Rocky Coast Pl Palmetto, FL	3.0	2.0	1482	$2,400	$1.62	10d	1	1.06mi
4117 84th Ct E Palmetto, FL	3.0	2.0	1448	$2,466	$1.70	21d	1	1.19mi
5413 Badini Way Palmetto, FL	3.0	2.0	1420	$2,550	$1.80	3d	1	1.33mi

HOA detail

• Monthly dues: $216 · $2,592/yr

Listing history 3 events

1. 2026-06-19
   remarks 613-char remark
2. 2026-06-17
   remarks 42-char remark
3. 2026-06-17
   listed $122,500 Active 1 DOM

ⓘ 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: $827 · $69/mo
• Projected year-2 tax: $1,017 · $85/mo
• Expected delta: +$190/yr (+$16/mo · 23.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,756
• − Mortgage interest: −$6,862
• − Property taxes: −$827
• − Insurance: −$612
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − HOA: −$2,592
• − Depreciation: −$3,564
• Taxable income: $7,178
• Est. tax owed @ 24.0%: −$1,723
• After-tax cash flow: $6,884/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 — Ellenton

• Score: 76/100
• State rank: #232
• US rank: #3666

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment C+ 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: 14,819
• 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

+181.6% since first listed

6 events — show timeline

• 2026-06-17 Listed $122,500 Stellar MLS as Distributed by MLS Grid
• 2018-04-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-10-05 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2001-11-21 Sold (Public Records) $58,000 Public Records
• 1997-03-18 Sold (Public Records) $45,000 Public Records
• 1993-06-09 Sold (Public Records) $43,500 Public Records

Property tax history

+1.3%/yr

Latest (2025): $827 · +7.3% YoY. Source: county tax records.