94 Meadow Cir · Bradenton, FL 34222

$219,000

3 bd · 2.0 ba · 1,680 sqft · Manufactured public records · 110 Days on market

Built 1989 5,793 sqft lot Est $250k · 13% under $208/mo HOA · 9% of rent

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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 +18.7/30.0
• ARV discount +13.1/15.0
• DSCR +5.9/10.0
• 1% rule +5.4/10.0
• 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

Huge 3 bed room / 2 bath home with a 2 car garage. One of the largest home in Ridgewood Meadows located on a circle drive and lots of yard. Home has a very large Florida room with a family room and living room. Dining room, fireplace and split floor plan with a very large master and master bath. Located in the gated 55+ community of Ridgewood Meadows that offers a beautiful clubhouse, community activities, pickleball, tennis, fishing and a great pool. Close to the Ellenton Outlet Mall, restaurants, shopping and easy access to I-75.

Key facts

• Widened driveway
• 40x20 carport
• Large corner lot

Tags

• LARGE CORNER LOT
• 40X20 CARPORT
• 2-CAR GARAGE
• WIDENED DRIVEWAY
• NEW ROOF
• UPGRADED WINDOWS

Property features AI

Finance

• Other: Partially furnished; Total acreage approximately 0.13 (less than 1/4 acre)
• Financial info: Quarterly association fee applies (association fee listed; additional HOA/condo fee details apply); Lease restrictions apply
• HOA & community: Has HOA (monthly/quarterly dues required); Association amenities include clubhouse, pool, spa/hot tub, tennis courts, pickleball courts, shuffleboard courts, guarded 24-hour security, and recreational facilities; Buyer approval and association approval required to join; Senior community; Pets allowed with restrictions (breed and number limits; max pet weight 25 lbs)

Exterior

• Parking: Attached 2-car garage (21x20); Carport with 2 spaces
• Security: Gated community with 24-hour guard (association amenity)
• Utilities: Public water; Public sewer; Electricity connected; Cable available and connected; Broadband/high-speed internet available; Underground utilities; Water connected; Sewer connected
• Home design: Manufactured double-wide home; Single story; Faces south
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Rain gutters; Concrete road access; Private maintained road

Interior

• Kitchen: Range; Range hood; Refrigerator; Disposal; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: High ceilings; Split bedroom layout; Walk-in closet(s); Window treatments; Living room fireplace
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $219k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $219k).
• Recommended offer: $199k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 43% of the median local income ($64k/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 $2k of loan paydown is wiped out by about $7k 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 110 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $16k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $138k; list at $219k implies a 59% 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→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,290 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 7.48%
• Cash-on-cash: 4.24%
• DSCR: 1.19
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $250,320
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85 Meadow Cir	0.11mi	2/2.0 (-1)	1,620 (-4%)	11mo	$241,000	$149	75
181 Nightingale Cir	0.30mi	3/2.0	1,620 (-4%)	6mo	$190,000	$117	75
100 Whipporwill Ct	0.26mi	2/2.0 (-1)	1,606 (-4%)	2mo	$150,000	$93	74
165 Nightingale Cir	0.30mi	2/2.0 (-1)	1,720 (+2%)	7mo	$290,000	$169	72
166 Nightingale Cir	0.29mi	3/2.0	1,568 (-7%)	12mo	$187,000	$119	65
119 Mockingbird Ln	0.18mi	2/2.0 (-1)	1,930 (+15%)	3mo	$190,000	$98	59
3445 71st Ave E	0.40mi	2/2.0 (-1)	1,485 (-12%)	4mo	$240,000	$162	54
3607 70th Ave E	0.47mi	2/2.0 (-1)	1,434 (-15%)	2mo	$275,000	$192	47

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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-21,599
• Equity at exit: $32,654

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-703
• Equity at exit: $18,935

Cash invested: $61,320 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,284 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$140 /mo · $1,676/yr
• Insurance: −$91
• HOA: −$208
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $217

Break-even live

Break-even rent $2,009

Max offer price $219,000

Occupancy floor 86%

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3119 61st Dr E Ellenton, FL	3.0	2.0	1662	$2,550	$1.53	3d	1	0.54mi
2710 59th Dr E Ellenton, FL	1.0–3.0	1.0–2.0	1149	$2,829	$2.46	3d	37	0.60mi
482 Outer Dr Unit NA Ellenton, FL	3.0	2.0	1400	$1,600	$1.14	3d	1	0.67mi
5942 Factory Shops Blvd Ellenton, FL	1.0–3.0	1.0–2.0	953	$3,300	$3.46	2d	67	0.69mi
3931 Day Bridge Pl Ellenton, FL	3.0	2.0	1250	$2,295	$1.84	3d	1	0.70mi
3808 Sunset Dr Ellenton, FL	3.0	2.0	1441	$1,699	$1.18	21d	1	0.75mi
7711 Desoto Dr Ellenton, FL	2.0	2.5	1356	$1,599	$1.18	14d	1	0.79mi
8314 Nancy Ln Ellenton, FL	2.0	2.0	1404	$1,895	$1.35	24d	1	0.98mi
3908 Lemonwood Dr N Ellenton, FL	2.0	2.0	1400	$1,750	$1.25	24d	1	1.11mi
4180 Yardly Dr Palmetto, FL	1.0–3.0	1.0–2.0	1021	$3,139	$3.07	3d	15	1.39mi
1143 Riverscape St Unit A Bradenton, FL	3.0	2.0	1748	$6,500	$3.72	14d	1	1.48mi

HOA detail

• Monthly dues: $208 · $2,496/yr
• Likely covers: poolsecurity

Listing history 22 events

1. 2026-06-18
   days on market $219,000 Active 110 DOM
2. 2026-06-17
   days on market $219,000 Active 109 DOM
3. 2026-06-16
   days on market $219,000 Active 108 DOM
4. 2026-06-15
   days on market $219,000 Active 107 DOM
5. 2026-06-13
   days on market $219,000 Active 105 DOM
6. 2026-06-13
   days on market $219,000 Active 104 DOM
7. 2026-06-10
   days on market $219,000 Active 102 DOM
8. 2026-06-09
   days on market $219,000 Active 101 DOM
9. 2026-06-08
   days on market $219,000 Active 100 DOM
10. 2026-06-08
    days on market $219,000 Active 99 DOM
11. 2026-06-03
    days on market $219,000 Active 95 DOM
12. 2026-06-02
    days on market $219,000 Active 94 DOM
13. 2026-06-01
    days on market $219,000 Active 93 DOM
14. 2026-05-31
    days on market $219,000 Active 92 DOM
15. 2026-04-11
    price $219,000
16. 2026-02-28
    listed $234,900 Active
17. 2020-11-18
    soldstatus $138,000
18. 2020-11-16
    soldstatus $139,000 Sold 537-char remark

    Show marketing remark (537 chars)

    Huge 3 bed room / 2 bath home with a 2 car garage. One of the largest home in Ridgewood Meadows located on a circle drive and lots of yard. Home has a very large Florida room with a family room and living room. Dining room, fireplace and split floor plan with a very large master and master bath. Located in the gated 55+ community of Ridgewood Meadows that offers a beautiful clubhouse, community activities, pickleball, tennis, fishing and a great pool. Close to the Ellenton Outlet Mall, restaurants, shopping and easy access to I-75.

19. 2020-10-14
    status Pending 537-char remark

    Show marketing remark (537 chars)

    Huge 3 bed room / 2 bath home with a 2 car garage. One of the largest home in Ridgewood Meadows located on a circle drive and lots of yard. Home has a very large Florida room with a family room and living room. Dining room, fireplace and split floor plan with a very large master and master bath. Located in the gated 55+ community of Ridgewood Meadows that offers a beautiful clubhouse, community activities, pickleball, tennis, fishing and a great pool. Close to the Ellenton Outlet Mall, restaurants, shopping and easy access to I-75.

20. 2020-10-08
    listed $169,900 Active 537-char remark

    Show marketing remark (537 chars)

    Huge 3 bed room / 2 bath home with a 2 car garage. One of the largest home in Ridgewood Meadows located on a circle drive and lots of yard. Home has a very large Florida room with a family room and living room. Dining room, fireplace and split floor plan with a very large master and master bath. Located in the gated 55+ community of Ridgewood Meadows that offers a beautiful clubhouse, community activities, pickleball, tennis, fishing and a great pool. Close to the Ellenton Outlet Mall, restaurants, shopping and easy access to I-75.

21. 1989-03-16
    soldstatus $86,700
22. 1985-07-01
    soldstatus $1,000,000

ⓘ 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: $1,676 · $140/mo
• Projected year-2 tax: $1,818 · $151/mo
• Expected delta: +$142/yr (+$12/mo · 8.4%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 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: $27,405
• − Mortgage interest: −$12,267
• − Property taxes: −$1,676
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,192
• − Management: −$2,192
• − HOA: −$2,496
• − Depreciation: −$6,371
• Taxable loss: −$885
• Est. tax savings @ 24.0%: +$212
• After-tax cash flow: $2,814/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

-78.1% since first listed

8 events — show timeline

• 2026-04-11 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listed $234,900 Stellar MLS as Distributed by MLS Grid
• 2020-11-18 Sold (Public Records) $138,000 Public Records
• 2020-11-16 Sold (MLS) $139,000 Stellar MLS as Distributed by MLS Grid
• 2020-10-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-10-08 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 1989-03-16 Sold (Public Records) $86,700 Public Records
• 1985-07-01 Sold (Public Records) $1,000,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $1,676 · +6.8% YoY. Source: county tax records.