3321 Bonnie Dr · Bradenton, FL 34222

$40,000

1 bd · 1.0 ba · 552 sqft · Manufactured public records · 78 Days on market

Built 1970 $213/mo HOA

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Being sold AS-IS for the price of the Co-Op Share. Yes, the trailer and all its contents are being sold for the price of the Share. Refrigerator new in 2007. propane range for serving up evening meals. 55+ Park. Night security Roving Patrol from 10:00PMuntil 6:30AM. Clsoe to I-75 and the Ellenton Outlet Mall. Two clubhouses, two pools one is heated to 85 degrees.

Key facts

• 3,367 sq ft lot
• 2 parking spots
• Community pool

Property features AI

Finance

• Other: Turnkey (furnished); Lease restrictions apply
• Financial info: Total monthly fees shown as $213; Total annual fees shown as $2,556
• HOA & community: Has HOA (monthly fee $213); Association requires approval; Association amenities: Clubhouse, Laundry, Maintenance, Pickleball court(s), Pool, Recreation facilities, Shuffleboard court; Community features: Buyer approval required, Clubhouse, Deed restrictions, Dog park, Golf carts allowed; Senior community; Pets allowed; Association fee includes: Pool, Escrow reserves fund, Grounds maintenance, Management, Sewer, Trash, Water

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Residential mobile home (single wide); One story; South-facing
• Construction: Metal siding and frame construction; Metal roof; Built on foundation (details not specified)
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Wall/window unit(s) for cooling
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

🏢 Co-op / cooperative unit. The $40,000 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 $40k.

Deal economics

• At list price, monthly cash flow is $634 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 25.3% 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.
• Market conditions: 182 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $277 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $5k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.
• 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 $37,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 3.69% ✓
• Cap rate: 25.32%
• Cash-on-cash: 67.96%
• DSCR: 4.02
• GRM: 2.3

CMA / ARV

• ARV (on-the-fly): $72,864
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3109 Cynthia Pl	0.13mi	1/1.0	600 (+9%)	1mo	$87,000	$145	79
7708 Terra Siesta Blvd E	0.15mi	2/1.0 (+1)	528 (-4%)	13mo	$68,500	$130	70
7704 Terra Siesta Blvd	0.16mi	2/1.0 (+1)	612 (+11%)	2mo	$81,000	$132	68

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 67.5%
• Equity multiple: 4.04×
• Total profit: $34,094
• Equity at exit: $5,964

10-year hold

• IRR: 71.7%
• Equity multiple: 8.36×
• Total profit: $82,431
• Equity at exit: $3,458

Cash invested: $11,200 (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 34222

• Home prices YoY: -26.9%
• Active inventory: 182
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $1,475 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$92 /mo · $1,101/yr
• Insurance: −$17
• HOA: −$213
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $634

Break-even live

Break-even rent $672

Max offer price $40,000

Occupancy floor 52%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5942 Factory Shops Blvd Ellenton, FL	1.0–3.0	1.0–2.0	953	$1,424	$1.49	1d	67	1.28mi

HOA detail

• Monthly dues: $213 · $2,556/yr
• Likely covers: poolsecurity

Listing history 23 events

1. 2026-06-18
   days on market $40,000 Active 78 DOM
2. 2026-06-17
   days on market $40,000 Active 77 DOM
3. 2026-06-16
   days on market $40,000 Active 76 DOM
4. 2026-06-15
   days on market $40,000 Active 75 DOM
5. 2026-06-13
   days on market $40,000 Active 73 DOM
6. 2026-06-13
   days on market $40,000 Active 72 DOM
7. 2026-06-10
   days on market $40,000 Active 70 DOM
8. 2026-06-09
   days on market $40,000 Active 69 DOM
9. 2026-06-08
   days on market $40,000 Active 68 DOM
10. 2026-06-08
    days on market $40,000 Active 67 DOM
11. 2026-06-03
    days on market $40,000 Active 63 DOM
12. 2026-06-02
    days on market $40,000 Active 62 DOM
13. 2026-06-01
    days on market $40,000 Active 61 DOM
14. 2026-05-31
    days on market $40,000 Active 60 DOM
15. 2026-04-16
    price $40,000
16. 2026-04-01
    listed $45,000 Active
17. 2025-03-06
    historical
18. 2024-09-08
    price $64,900
19. 2024-04-06
    listed $69,900 Active
20. 2023-04-28
    soldstatus $75,000
21. 2008-11-03
    soldstatus $15,000 365-char remark

    Show marketing remark (365 chars)

    Being sold AS-IS for the price of the Co-Op Share. Yes, the trailer and all its contents are being sold for the price of the Share. Refrigerator new in 2007. propane range for serving up evening meals. 55+ Park. Night security Roving Patrol from 10:00PMuntil 6:30AM. Clsoe to I-75 and the Ellenton Outlet Mall. Two clubhouses, two pools one is heated to 85 degrees.

22. 2008-01-17
    listed $25,000 365-char remark

    Show marketing remark (365 chars)

    Being sold AS-IS for the price of the Co-Op Share. Yes, the trailer and all its contents are being sold for the price of the Share. Refrigerator new in 2007. propane range for serving up evening meals. 55+ Park. Night security Roving Patrol from 10:00PMuntil 6:30AM. Clsoe to I-75 and the Ellenton Outlet Mall. Two clubhouses, two pools one is heated to 85 degrees.

23. 1992-05-27
    soldstatus $18,500

ⓘ 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: $1,101 · $92/mo
• Projected year-2 tax: $1,101 · $92/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 1/10 Low FEMA zone X (unshaded) · 0% 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,703
• − Mortgage interest: −$2,241
• − Property taxes: −$1,101
• − Insurance: −$200
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − HOA: −$2,556
• − Depreciation: −$1,164
• Taxable income: $7,609
• Est. tax owed @ 24.0%: −$1,826
• After-tax cash flow: $5,785/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

• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 14,819
• Household income: $64,355
• Rent vs Own: 21.9% rent · 78.1% own
• Severe rent burden: 313.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 17% Two or more races 13% Black 7% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 10% Other Indo-European 1% Vietnamese 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: ▼ -107.75%
• Current HPI: 293.2597
• Rent YoY: —
• 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

+116.2% since first listed

9 events — show timeline

• 2026-04-16 Price Changed $40,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-08 Price Changed $64,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-06 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2023-04-28 Sold (Public Records) $75,000 Public Records
• 2008-11-03 Sold (MLS) $15,000 Stellar MLS as Distributed by MLS Grid
• 2008-01-17 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 1992-05-27 Sold (Public Records) $18,500 Public Records

Property tax history

+8.1%/yr

Latest (2025): $1,101 · -0.8% YoY. Source: county tax records.