5203 2nd Avenue Dr NW · West Bradenton, FL 34209

$332,000

4 bd · 3.0 ba · 2,924 sqft · SingleFamily public records · 22 Days on market

Built 1977 8,799 sqft lot

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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 +22.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.2/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks! This spacious 4-bedroom, 3-bathroom two-story pool home with a 2-car garage is the perfect fixer-upper for buyers ready to create their dream Florida retreat. Situated on a large lot, this property offers incredible potential with a fenced-in in-ground pool area, generous living space, and room to customize inside and out. Whether you’re envisioning a primary residence, vacation getaway, or investment opportunity, the possibilities are endless. Ideally located just minutes from Robinson Preserve, Palma Sola Botanical Gardens, De Soto National Memorial, and a public boat ramp, outdoor adventures are always close by. Plus, the world-famous sugar sand beaches of Anna

Key facts

• Sugar sand beaches
• Large lot
• Public boat ramp

Tags

• FENCED-IN IN-GROUND POOL
• LARGE LOT
• MINUTES FROM ROBINSON PRESERVE
• PUBLIC BOAT RAMP
• SUGAR SAND BEACHES

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; Residential property; Two levels; Faces north
• Construction: Vinyl siding and frame construction; Shingle roof; Block foundation; Built on a 0.2-acre lot
• Exterior features: Private in-ground spa/pool (gunite); Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Fireplace in living room
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $332k.

Deal economics

• At list price, monthly cash flow is $580 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $332k).
• Recommended offer: $327k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.4% in West 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 72/100 on livability (#335 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: schools F, 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.
• Market conditions: Rents soft (-0.3%/yr); 510 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $3,393/mo this rent would consume 50% of the median local household income ($82k/yr) (locally 1126% 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

• It's been on market 22 days — a 2% lower offer ($327k) 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 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $327,020 (1.5% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-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: 1.02% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.48%
• DSCR: 1.33
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $883,048
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5420 4th Avenue Dr NW	0.18mi	4/3.0	2,788 (-5%)	14mo	$875,000	$314	72
5404 4th Avenue Dr NW	0.14mi	3/2.0 (-1)	2,544 (-13%)	9mo	$785,000	$309	56
6201 6th Ave NW	0.67mi	4/3.0	2,680 (-8%)	1mo	$810,000	$302	54
503 Park Dr	0.20mi	5/4.0 (+1)	2,598 (-11%)	11mo	$685,000	$264	54
5724 10th Avenue Dr W	0.73mi	3/2.0 (-1)	2,892 (-1%)	3mo	$785,000	$271	53
4715 7th Ave W	0.54mi	5/3.5 (+1)	2,643 (-10%)	1mo	$815,000	$308	51
6308 4th Ave NW	0.71mi	4/3.0	2,710 (-7%)	5mo	$737,200	$272	51
1005 50th Street Ct W	0.66mi	4/3.0	2,740 (-6%)	13mo	$1,200,000	$438	48
5506 8th Avenue Dr W	0.54mi	4/2.0	2,590 (-11%)	9mo	$562,500	$217	44
210 42nd St W	0.65mi	5/4.0 (+1)	3,106 (+6%)	20mo	$902,000	$290	34
4307 Riverview Blvd	0.58mi	3/2.0 (-1)	2,540 (-13%)	19mo	$1,040,000	$409	26
713 45th St W	0.71mi	3/2.0 (-1)	2,539 (-13%)	14mo	$660,000	$260	24

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: -8.1%
• Equity multiple: 0.71×
• Total profit: $-26,900
• Equity at exit: $49,502

10-year hold

• IRR: -2.7%
• Equity multiple: 0.84×
• Total profit: $-14,598
• Equity at exit: $28,705

Cash invested: $92,960 (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 34209

• Rents YoY: -0.3%
• Active inventory: 510
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,393 medium
• Mortgage (P&I): −$1,741
• Tax from tax record: −$221 /mo · $2,657/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$712
• Net cashflow: $580

Break-even live

Break-even rent $2,659

Max offer price $332,000

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: $83,000
• Closing costs: $9,960
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1212 63rd St NW Bradenton, FL	4.0	3.0	2011	$3,900	$1.94	23d	1	0.94mi
4215 18th Avenue Dr W Bradenton, FL	4.0	2.0	2031	$2,995	$1.47	10d	1	1.33mi

Listing history 1 events

1. 2026-05-05
   listed $332,000 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: $2,657 · $221/mo
• Projected year-2 tax: $2,756 · $230/mo
• Expected delta: +$98/yr (+$8/mo · 3.7%)

ⓘ 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,714
• − Mortgage interest: −$18,597
• − Property taxes: −$2,657
• − Insurance: −$1,660
• − Repairs & maintenance: −$3,257
• − Management: −$3,257
• − Depreciation: −$9,658
• Taxable income: $1,627
• Est. tax owed @ 24.0%: −$390
• After-tax cash flow: $6,564/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 — West Bradenton

• Score: 72/100
• State rank: #335
• US rank: #5798

Category grades

Amenities F Commute F Cost of living B Crime A+ Employment A- Housing A+ Health & safety A- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Bradenton, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 33,224
• Household income: $81,728
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 1126.0

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 (84%)
• Race & ethnicity: White 84% Hispanic / Latino 11% Two or more races 6% Black 2% Asian 1%
• Hispanic origin (detail): Puerto Rican 4% Cuban 3%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 3%
• Foreign-born: 9% · Canada, Jamaica, China
• Languages at home: 90% English-only · Spanish 6% Russian/Polish/Slavic 1% 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: ▼ -360.34%
• Current HPI: 320.0061
• Rent YoY: ▼ -0.30%
• 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

1 event — show timeline

• 2026-05-05 Listed $332,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+1.0%/yr

Latest (2025): $2,657 · +4.0% YoY. Source: county tax records.