203 50th Avenue Plz E · South Bradenton, FL 34203

$175,500

2 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 126 Days on market

Built 1974 4,648 sqft lot Est $161k · 9% over $75/mo HOA · 4% of rent ↓ 10% since listing

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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 +22.7/30.0
• DSCR +7.3/10.0
• 1% rule +5.2/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• ARV discount +3.5/15.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Motivated Seller – Priced to Sell! Exceptional Value at $175,500 Bring your offer! This well-maintained 3-bedroom, 2-bath home delivers comfort, flexibility, and outstanding value with a low $75/month HOA. A 1-year home warranty is included for added peace of mind, and financing options through a preferred lender make this opportunity even more accessible. With 1,344 sq ft per county records plus an additional ~190 sq ft enclosed bonus space, this home offers versatility for a home office, hobby room, or extra living area. The functional layout features a welcoming kitchen that flows into the dining and living spaces, a private primary suite, and two additional bedrooms for guests or

Key facts

• Fenced yard
• Covered carport
• Double-wide driveway

Tags

• DOUBLE-WIDE DRIVEWAY
• COVERED CARPORT
• FENCED YARD
• ADDED LIVING SPACE
• PRIVATE OUTDOOR SPACE
• AMPLE CABINET SPACE

Property features AI

Finance

• Other: Lot about 0.11 acre (approximately 0 to less than 1/4 acre); Asphalt road access
• Financial info: Total monthly fees $75; total annual fees $900
• HOA & community: Monthly association fee of $75 (PMI/Tampa); Association approval required; Pets allowed: cats and dogs

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Private sewer; Broadband/high-speed internet available; Cable available; Electricity connected; Phone available
• Home design: Residential double-wide mobile home; One story; Faces south; Homestead exempt
• Construction: Vinyl siding and frame construction; Membrane roof; Crawlspace foundation; Built as a double wide
• Exterior features: Storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $176k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $176k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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.
• Zoned schools: Oneco Elementary School (math 49% / reading 27%, grade F, #1,587 of 2,144 statewide, top 74%, 596 students, 79% FRL); Southeast High School (math 25% / reading 34%, grade F, #447 of 667 statewide, top 68%, 1,716 students, 66% FRL) — zoned schools average 72% FRL vs 51% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 52% district-wide (-18 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 (-1.0%/yr); 384 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 30% of the median local income ($71k/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 $1k of loan paydown is wiped out by about $5k 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 126 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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?
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 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: 1.02% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.34%
• DSCR: 1.33
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $161,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5003 4th St W	0.32mi	2/2.0	1,320 (-2%)	3mo	$120,000	$91	80
4904 4th C St E	0.22mi	2/2.0	1,414 (+5%)	4mo	$195,000	$138	78
4908 6th B St E	0.28mi	2/2.0	1,261 (-6%)	0mo	$130,000	$103	76
304 50th Avenue Ter W	0.23mi	3/2.0 (+1)	1,485 (+10%)	2mo	$202,500	$136	65
808 53rd Ave E Unit 184J	0.65mi	2/2.0	1,324 (-2%)	3mo	$110,000	$83	65
209 E 52nd Avenue Plz E	0.25mi	2/2.0	1,152 (-14%)	1mo	$165,500	$144	63
808 53rd Ave E #75	0.57mi	2/2.0	1,266 (-6%)	2mo	$149,000	$118	62
5512 Colleen Dr	0.74mi	2/2.0	1,368 (+2%)	4mo	$85,000	$62	60
808 53rd Ave E #117	0.64mi	2/2.0	1,440 (+7%)	1mo	$190,000	$132	58
808 53rd Ave E #273	0.74mi	2/2.0	1,288 (-4%)	4mo	$154,000	$120	55
1007 50th Ave W	0.67mi	2/2.0	1,232 (-8%)	0mo	$150,000	$122	55
808 53rd Ave E #108	0.49mi	2/2.0	1,152 (-14%)	4mo	$135,000	$117	50

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: -8.3%
• Equity multiple: 0.70×
• Total profit: $-14,566
• Equity at exit: $26,168

10-year hold

• IRR: -2.9%
• Equity multiple: 0.83×
• Total profit: $-8,433
• Equity at exit: $15,174

Cash invested: $49,140 (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 34203

• Home prices YoY: -24.5%
• Rents YoY: -1.0%
• Active inventory: 384
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,790 high
• Mortgage (P&I): −$920
• Tax from tax record: −$45 /mo · $536/yr
• Insurance: −$73
• HOA: −$75
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $301

Break-even live

Break-even rent $1,409

Max offer price $175,500

Occupancy floor 78%

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: $43,875
• Closing costs: $5,265
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
503 51st Ave W Unit 503 Bradenton, FL	3.0	2.0	882	$1,275	$1.45	24d	1	0.34mi
503 51st Ave W Bradenton, FL	3.0	2.0	882	$1,075	$1.22	12d	1	0.34mi
202 46th Avenue Ter W #409 Bradenton, FL	2.0	2.0	1086	$1,995	$1.84	24d	1	0.38mi
203 46th Avenue Ter W Bradenton, FL	1.0	1.0	880	$1,099	$1.25	3d	1	0.40mi
4630 5th St W Ste 6 Bradenton, FL	2.0	1.0	1000	$1,600	$1.60	12d	1	0.47mi
907 Fruitland Ave Bradenton, FL	3.0	2.0	1677	$2,450	$1.46	24d	1	0.60mi
5323 11th Street Cir E Bradenton, FL	2.0	2.0	1303	$1,900	$1.46	24d	1	0.73mi
723 44th Ave E Unit 5 Bradenton, FL	2.0	1.5	1350	$1,650	$1.22	16d	1	0.78mi
5502 8th Street Ct W Bradenton, FL	2.0	2.0	896	$1,595	$1.78	24d	1	0.79mi
808 53rd Ave E #203 Bradenton, FL	2.0	2.0	1208	$1,450	$1.20	16d	1	0.79mi
5580 Fountain Lake Cir Bradenton, FL	1.0–3.0	1.0–2.0	1052	$1,908	$1.81	2d	38	0.84mi
1345 301 Blvd E Bradenton, FL	1.0–3.0	1.0–2.0	872	$1,320	$1.51	24d	9	0.89mi
409 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,375	$1.14	10d	1	0.90mi
5613 8th St Ct E Bradenton, FL	3.0	2.0	1000	$1,700	$1.70	24d	1	0.90mi
304 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,362	$1.13	3d	5	0.91mi
304 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,445	$1.20	24d	3	0.91mi
312 57th Avenue Dr E Unit B Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	3d	1	0.93mi
308 57th Avenue Dr E Unit B Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	3d	1	0.93mi
716 56th Avenue Dr E Bradenton, FL	3.0	2.0	1000	$1,700	$1.70	3d	1	0.93mi
408 57th Avenue Dr E Apt E Bradenton, FL	2.0	1.5	1209	$1,375	$1.14	12d	1	0.94mi
408 57th Avenue Dr E Unit A Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	10d	1	0.94mi
1167 42nd Ter E Bradenton, FL	3.0	2.0	1274	$2,025	$1.59	20d	1	1.00mi
5828 3rd St E Bradenton, FL	3.0	2.0	1036	$1,995	$1.93	24d	1	1.05mi
1007 57th Ave W Bradenton, FL	2.0	1.5	967	$1,495	$1.55	10d	1	1.07mi
350 34th Avenue Dr E Bradenton, FL	1.0–3.0	1.0–2.0	893	$1,335	$1.49	2d	6	1.08mi
1011 57th Avenue Ter E Bradenton, FL	3.0	3.0	1872	$2,195	$1.17	12d	1	1.09mi
4916 18th St W Unit B Bradenton, FL	2.0	2.0	1170	$1,650	$1.41	24d	1	1.12mi
2004 49th Ave W Unit 2002 Bradenton, FL	2.0	2.0	1021	$1,950	$1.91	24d	1	1.25mi
390 301 Blvd W Bradenton, FL	2.0	2.0	1125	$1,495	$1.33	24d	1	1.27mi
5719 14th St E Bradenton, FL	1.0	1.0	978	$1,425	$1.46	3d	1	1.28mi
4906 21st St W Bradenton, FL	2.0	1.0	918	$1,700	$1.85	16d	1	1.31mi
5513 18th St W Bradenton, FL	2.0	1.0	1000	$1,499	$1.50	24d	1	1.31mi
4607 21st St W Bradenton, FL	3.0	2.0	1133	$2,500	$2.21	24d	1	1.32mi
907 34th Ave W Bradenton, FL	3.0	1.0	985	$1,599	$1.62	20d	1	1.34mi
907 34th Ave W Unit B Bradenton, FL	3.0	1.0	1000	$1,795	$1.79	24d	1	1.34mi
919 34th Ave W Bradenton, FL	3.0	1.0	950	$1,599	$1.68	12d	1	1.36mi
3124 Lake Bayshore Dr Unit 219 Bradenton, FL	2.0	2.0	1144	$2,300	$2.01	24d	1	1.36mi
3064 Lake Bayshore Dr Unit 115 Bradenton, FL	2.0	2.0	1144	$1,250	$1.09	24d	1	1.36mi
1109 59th Avenue Cir E Unit 1109 Bradenton, FL	3.0	2.0	945	$1,795	$1.90	24d	1	1.36mi
505 30th Ave W Unit E406 Bradenton, FL	2.0	2.0	1001	$1,450	$1.45	24d	1	1.37mi

HOA detail

• Monthly dues: $75 · $900/yr

Listing history 18 events

1. 2026-06-18
   days on market $175,500 Active 126 DOM
2. 2026-06-17
   days on market $175,500 Active 125 DOM
3. 2026-06-16
   days on market $175,500 Active 124 DOM
4. 2026-06-15
   days on market $175,500 Active 123 DOM
5. 2026-06-13
   days on market $175,500 Active 121 DOM
6. 2026-06-13
   days on market $175,500 Active 120 DOM
7. 2026-06-10
   days on market $175,500 Active 118 DOM
8. 2026-06-09
   days on market $175,500 Active 117 DOM
9. 2026-06-08
   days on market $175,500 Active 116 DOM
10. 2026-06-08
    days on market $175,500 Active 115 DOM
11. 2026-06-03
    days on market $175,500 Active 111 DOM
12. 2026-06-02
    days on market $175,500 Active 110 DOM
13. 2026-06-01
    days on market $175,500 Active 109 DOM
14. 2026-05-31
    days on market $175,500 Active 108 DOM
15. 2026-04-21
    price $175,500
16. 2026-03-16
    price $185,500
17. 2026-02-12
    price $195,900
18. 2026-02-12
    listed $195,999 Active

ⓘ 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: $536 · $45/mo
• Projected year-2 tax: $1,457 · $121/mo
• Expected delta: +$920/yr (+$77/mo · 171.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 24 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: $21,476
• − Mortgage interest: −$9,831
• − Property taxes: −$536
• − Insurance: −$878
• − Repairs & maintenance: −$1,718
• − Management: −$1,718
• − HOA: −$900
• − Depreciation: −$5,105
• Taxable income: $790
• Est. tax owed @ 24.0%: −$190
• After-tax cash flow: $3,419/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

• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 1469.0

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 19% Two or more races 12% Black 9% Asian 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Vietnam, Dominican Republic
• Languages at home: 76% English-only · Spanish 16% Vietnamese 2% 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: ▼ -95.87%
• Current HPI: 295.8871
• Rent YoY: ▼ -0.97%
• 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

-10.5% since first listed

4 events — show timeline

• 2026-04-21 Price Changed $175,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $185,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $195,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Listed $195,999 Stellar MLS as Distributed by MLS Grid

Property tax history

-0.0%/yr

Latest (2025): $536 · +6.7% YoY. Source: county tax records.