3802 59th Ave W #4113 · Bradenton, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 29 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D 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).
- ARV discount +15.0/15.0
- Cash flow +8.2/30.0
- 1% rule +6.9/10.0
- Livability +4.0/5.0
- Condition / age +3.8/5.0
- Schools +3.1/10.0
- DSCR +2.2/10.0
- Rent growth +1.0/5.0
- Appreciation +0.0/10.0
$140,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Fully Renovated Condo in Beautiful Mirror Lake. This modern two bedroom two bath corner unit has just finished a full renovation. With upgrades such as new laminate flooring and porcelain tile throughout the whole condo. The kitchen has been updated with new cabinets, countertops and fixtures, as well as brand new dishwasher, refrigerator, range, and microwave. The bathrooms, also have been fitted with new porcelain tile as well as a new vanity and fixtures. Spacious rooms throughout, also have been fitted with new blinds. The community of Mirror Lake offers a great deal of amenities such as a community pool & spa, pool cabana, tennis courts, pickle ball court, playground, Bar-B-Que area , Car wash and more! Mirror Lake Condominiums is centrally located by IMG Academies and SCF Community College and is also within a short driving distance of the Gulf Beaches of Anna Maria Island, Downtown Bradenton and Sarasota, Bradenton/Sarasota Airport and I75. This condo is Move-in ready and awaits to please the new owners.
Key facts
- Crown moulding
- Tennis courts
- Corner unit
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $140k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-133 ($-2k/yr) — negative.
- To cash-flow at today's rent, offer at most $121k (13.8% below list).
- Meets the 1% rule at list price ($2k rent vs $140k).
- Recommended offer: $121k (13.8% below list) — sets the bar for cash-flow.
- Cap rate 5.1% vs local median 3.5% 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.
- Zoned schools: Bayshore Elementary School (math 51% / reading 36%, grade F, #1,345 of 2,144 statewide, top 64%, 701 students, 72% FRL); Electa Lee Magnet Middle School (math 27% / reading 28%, grade F, #495 of 571 statewide, top 87%, 759 students, 68% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools average 68% FRL vs 51% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 31% at this address vs 52% district-wide (-21 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
- Market conditions: Rents falling (-6.1%/yr); 686 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 66d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
- This rent runs 31% 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 $968 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.
Negotiation context
- It's been on market 144 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 22y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: HOA is 29% of rent.
- 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.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 144 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.19% ✓
- Cap rate
- 5.15%
- Cash-on-cash
- -4.08%
- DSCR
- 0.82
- GRM
- 7.0
CMA / ARV
- ARV (median comp)
- $174,778
- List price
- $140,000
- Delta
- -19.90%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 3535 59th Ave W #3535 | 0.05mi | 2/2.0 | 912 (0%) | 1mo | $92,500 | $101 | 97 |
| 3813 59th Ave W #3813 | 0.09mi | 2/2.0 | 912 (0%) | 0mo | $120,000 | $132 | 95 |
| 2808 60th Ave W #302 | 0.56mi | 2/2.0 | 897 (-2%) | 0mo | $138,500 | $154 | 71 |
| 6033 34th St W #38 | 0.53mi | 2/2.0 | 948 (+4%) | 1mo | $168,000 | $177 | 68 |
| 2807 48th Ave Dr W | 1.29mi | 2/2.0 | 896 (-2%) | 0mo | $135,000 | $151 | 62 |
| 1830 Sunny Dr Unit D31 | 1.21mi | 2/2.0 | 862 (-6%) | 1mo | $75,000 | $87 | 55 |
| 5123 20th St W | 1.30mi | 2/1.0 | 864 (-5%) | 0mo | $240,000 | $278 | 52 |
| 6015 27th St W Unit 1C | 0.65mi | 2/2.0 | 1,076 (+18%) | 0mo | $192,000 | $178 | 44 |
| 6023 27th St W | 0.68mi | 2/2.0 | 1,076 (+18%) | 1mo | $165,000 | $153 | 42 |
| 5430 21st St W | 1.06mi | 2/2.0 | 1,074 (+18%) | 0mo | $190,000 | $177 | 40 |
| 2053 Sunset Dr Unit G3 | 0.98mi | 2/1.0 | 744 (-18%) | 1mo | $95,000 | $128 | 35 |
| 1306 Dartmouth Dr | 1.20mi | 3/1.0 (+1) | 1,076 (+18%) | 0mo | $320,000 | $297 | 31 |
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
- IRR
- -28.3%
- Equity multiple
- 0.09×
- Total profit
- $-35,738
- Equity at exit
- $20,874
- IRR
- -60.3%
- Equity multiple
- -0.52×
- Total profit
- $-59,601
- Equity at exit
- $12,105
Cash invested: $39,200 (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
Active competition Active MLS
- For sale now
- 5 active · 5 under contract
- Median asking
- $185,900 ($184/sqft)
- Median days on market
- 140 d
- This list price
- 40% of active listings are priced below it
- ARV vs active asking
- +4.3% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34210
- Rents YoY
- -6.1%
- Active inventory
- 686
- Price-to-rent
- 7.0×
Monthly cashflow live
- Estimated rent
- $1,663 high interval (Pro) →
- Mortgage (P&I)
- −$734
- Tax est. 1.5%
- −$175 /mo · $2,100/yr
- Insurance
- −$58
- HOA
- −$480
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$349
- Net cashflow
- $-133
Break-even live
Sensitivity live
| Price | -10% $-37 | -5% $-85 | +0% $-133 | +5% $-182 | +10% $-230 |
|---|---|---|---|---|---|
| Rent | -10% $-265 | -5% $-199 | +0% $-133 | +5% $-68 | +10% $-2 |
| Rate | -1.0pp $-63 | -0.5pp $-98 | base $-133 | +0.5pp $-170 | +1.0pp $-207 |
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
- $35,000
- Closing costs
- $4,200
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3774 59th Ave W Unit 3774 Bradenton, FL | 2.0 | 2.0 | 912 | $1,350 | $1.48 | 119d | 1 | 0.01mi |
| 3739 59th Ave W Unit 3739 Bradenton, FL | 2.0 | 2.0 | 912 | $1,350 | $1.48 | 9d | 1 | 0.04mi |
| 3775 59th Ave W Unit 3775 Bradenton, FL | 2.0 | 2.0 | 912 | $3,500 | $3.84 | 119d | 1 | 0.04mi |
| 3728 59th Ave W Bradenton, FL | 3.0 | 2.0 | 1037 | $1,550 | $1.49 | 9d | 1 | 0.04mi |
| 3773 59th Ave W Bradenton, FL | 2.0 | 2.0 | 912 | $1,595 | $1.75 | 119d | 1 | 0.04mi |
| 3545 59th Ave W #3545 Bradenton, FL | 3.0 | 2.0 | 1037 | $1,600 | $1.54 | 111d | 1 | 0.06mi |
| 3646 59th Ave W Unit 3646 Bradenton, FL | 2.0 | 2.0 | 912 | $1,300 | $1.43 | 65d | 1 | 0.06mi |
| 3527 59th Ave W Unit 3527 Bradenton, FL | 2.0 | 2.0 | 912 | $1,400 | $1.54 | 119d | 1 | 0.06mi |
| 3533 59th Ave W Unit 3533 Bradenton, FL | 2.0 | 2.0 | 912 | $1,500 | $1.64 | 111d | 1 | 0.06mi |
| 3610 59th Ave W #3610 Bradenton, FL | 2.0 | 2.0 | 912 | $1,300 | $1.43 | 65d | 1 | 0.07mi |
| 3821 59th Ave W Unit 3821 Bradenton, FL | 3.0 | 2.0 | 1037 | $1,695 | $1.63 | 93d | 1 | 0.09mi |
| 3848 59th Ave W Bradenton, FL | 2.0 | 2.0 | 912 | $1,395 | $1.53 | 119d | 1 | 0.12mi |
| 3843 59th Ave W Bradenton, FL | 2.0 | 2.0 | 912 | $1,200 | $1.32 | 65d | 1 | 0.12mi |
| 3851 59th Ave W Unit 3851 Bradenton, FL | 2.0 | 2.0 | 912 | $1,500 | $1.64 | 119d | 1 | 0.13mi |
| 3840 59th Ave W Unit 3840 Bradenton, FL | 2.0 | 2.0 | 912 | $1,500 | $1.64 | 82d | 1 | 0.13mi |
| 6050 34th St W Bradenton, FL | 1.0–2.0 | 1.0–2.0 | 768 | $1,660 | $2.16 | 0d | 21 | 0.32mi |
| 3506 54th Dr W Bradenton, FL | 1.0–2.0 | 1.0–2.0 | 953 | $2,800 | $2.94 | 99d | 2 | 0.35mi |
| 3604 54th Dr W Unit 101 Bradenton, FL | 2.0 | 2.0 | 1114 | $3,000 | $2.69 | 0d | 1 | 0.35mi |
| 3604 54th Dr W Bradenton, FL | 2.0 | 2.0 | 1114 | $3,800 | $3.41 | 65d | 3 | 0.35mi |
| 3604 54th Dr W Bradenton, FL | 2.0 | 2.0 | 1114 | $3,200 | $2.87 | 63d | 2 | 0.35mi |
| 3605 54th Dr W Bradenton, FL | 2.0 | 2.0 | 1166 | $3,225 | $2.77 | 3d | 2 | 0.37mi |
| 3401 54th Dr W Bradenton, FL | 2.0 | 2.0 | 1293 | $3,100 | $2.40 | 9d | 3 | 0.39mi |
| 3401 54th Dr W Bradenton, FL | 2.0 | 2.0 | 1293 | $3,700 | $2.86 | 65d | 2 | 0.39mi |
| 6033 34th St W Bradenton, FL | 2.0 | 2.0 | 942 | $1,625 | $1.73 | 98d | 2 | 0.44mi |
| 6033 34th St W Bradenton, FL | 2.0 | 2.0 | 948 | $1,575 | $1.66 | 65d | 2 | 0.44mi |
| 6033 34th St W Bradenton, FL | 2.0 | 2.0 | 942 | $1,550 | $1.64 | 99d | 3 | 0.44mi |
| 6033 34th St W Bradenton, FL | 2.0 | 2.0 | 996 | $1,500 | $1.51 | 119d | 2 | 0.44mi |
| 6033 34th St W #104 Bradenton, FL | 2.0 | 2.0 | 948 | $1,570 | $1.66 | 9d | 1 | 0.47mi |
| 4148 53rd Ave W Bradenton, FL | 1.0–2.0 | 1.0–2.0 | 899 | $2,162 | $2.40 | 3d | 10 | 0.57mi |
| 4148 53rd Ave W Unit 2508 Bradenton, FL | 2.0 | 2.0 | 1071 | $2,065 | $1.93 | 4d | 1 | 0.57mi |
| 4148 53rd Ave W Unit 1601 Bradenton, FL | 2.0 | 1.0 | 1033 | $1,796 | $1.74 | 0d | 1 | 0.57mi |
| 4148 53rd Ave W Unit 1210 Bradenton, FL | 2.0 | 2.0 | 1071 | $1,875 | $1.75 | 0d | 1 | 0.57mi |
| 4148 53rd Ave W Unit 2117 Bradenton, FL | 2.0 | 2.0 | 1071 | $1,886 | $1.76 | 4d | 1 | 0.57mi |
| 4148 53rd Ave W Bradenton, FL | 1.0–3.0 | 1.0–2.0 | 989 | $2,206 | $2.23 | 4d | 1 | 0.57mi |
| 4148 53rd Ave W Unit 0101 Bradenton, FL | 1.0 | 1.0 | 728 | $1,525 | $2.09 | 0d | 1 | 0.57mi |
| 4148 53rd Ave W Unit 2804 Bradenton, FL | 2.0 | 2.0 | 1071 | $2,001 | $1.87 | 0d | 1 | 0.57mi |
| 6147 43rd St W Bradenton, FL | 2.0 | 2.0 | 1116 | $3,200 | $2.87 | 119d | 1 | 0.65mi |
| 2713 60th Avenue Dr W Bradenton, FL | 2.0 | 2.0 | 1076 | $2,000 | $1.86 | 119d | 1 | 0.66mi |
| 5400 26th St W Bradenton, FL | 1.0–2.0 | 1.0–2.0 | 902 | $1,626 | $1.80 | 9d | 1 | 0.74mi |
| 2531 Flamingo Blvd Unit L25 Bradenton, FL | 2.0 | 1.0 | 733 | $1,200 | $1.64 | 65d | 1 | 0.75mi |
Property features AI
Finance
- Other
- Association name: Carlo Marsano
- Financial info
- Total monthly fees $480; total annual fees $5,760Lease restrictions apply
- HOA & community
- Monthly condo fee $480 (includes pool, cable TV, grounds and structure maintenance, management, and recreational facilities)Association requires approvalAssociation amenities: fitness center, playground, spa/hot tub, tennis courtsCommunity features include pool, fitness center, playground, tennis courts, deed restrictions, buyer approval required, and special community restrictionsPets allowed (maximum ~30 lbs)
Exterior
- Parking
- Assigned parkingGuest parking
- Security
- Smoke detector(s)
- Utilities
- Public waterPublic sewerCable connected
- Home design
- Residential condominiumOne-level livingFaces northeastGround-floor unit (floor 1)Two-story building
- Construction
- Stucco and frame constructionShingle roofSlab foundationBuilt as part of building P
- Exterior features
- Covered patio/porchDeckEnclosed porchPatioScreened porchStorageTennis courtsMature landscaping with oak treesNear public transitSidewalks and paved roadsPrivate settingAsphalt road surface
Interior
- Kitchen
- DishwasherDisposalMicrowaveRangeRefrigeratorSolid surface counters
- Bedrooms
- 2 bedrooms
- Flooring
- LaminateTile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air
- Interior features
- Ceiling fansLiving room/dining room comboSolid surface countersSplit bedroom floor planWalk-in closet(s)BlindsSmoke detector(s)Wood-burning fireplace in living room
- Laundry & utility
- Washer and dryer inside unit
HOA detail $480/mo · $5,760/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $140,000 Active 144 DOM
-
2026-09-22days on market $140,000 Active 142 DOM
-
2026-09-21days on market $140,000 Active 141 DOM
-
2026-09-20days on market $140,000 Active 140 DOM
-
2026-09-19days on market $140,000 Active 139 DOM
-
2026-09-18days on market $140,000 Active 138 DOM
-
2026-09-17pricedays on market $140,000 Active 137 DOM
-
2026-09-16days on market $145,000 Active 136 DOM
-
2026-09-15days on market $145,000 Active 135 DOM
-
2026-09-14days on market $145,000 Active 134 DOM
-
2026-09-13days on market $145,000 Active 133 DOM
-
2026-09-12days on market $145,000 Active 132 DOM
-
2026-09-11days on market $145,000 Active 131 DOM
-
2026-09-05days on market $145,000 Active 125 DOM
-
2026-09-04days on market $145,000 Active 124 DOM
-
2026-09-03days on market $145,000 Active 123 DOM
-
2026-08-31days on market $145,000 Active 120 DOM
-
2026-08-30days on market $145,000 Active 119 DOM
-
2026-08-29days on market $145,000 Active 118 DOM
-
2026-08-28days on market $145,000 Active 117 DOM
-
2026-08-27days on market $145,000 Active 116 DOM
-
2026-08-26days on market $145,000 Active 115 DOM
-
2026-08-25days on market $145,000 Active 114 DOM
-
2026-08-24days on market $145,000 Active 113 DOM
-
2026-08-23days on market $145,000 Active 112 DOM
-
2026-08-22days on market $145,000 Active 111 DOM
-
2026-08-21days on market $145,000 Active 110 DOM
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2026-08-20days on market $145,000 Active 109 DOM
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2026-08-19days on market $145,000 Active 108 DOM
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2026-08-18days on market $145,000 Active 107 DOM
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2026-08-17days on market $145,000 Active 106 DOM
-
2026-08-16days on market $145,000 Active 105 DOM
-
2026-08-15days on market $145,000 Active 104 DOM
-
2026-08-14days on market $145,000 Active 103 DOM
-
2026-08-13days on market $145,000 Active 102 DOM
-
2026-08-12days on market $145,000 Active 101 DOM
-
2026-08-11days on market $145,000 Active 100 DOM
-
2026-08-10days on market $145,000 Active 99 DOM
-
2026-08-09days on market $145,000 Active 98 DOM
-
2026-08-08days on market $145,000 Active 97 DOM
-
2026-08-07days on market $145,000 Active 96 DOM
-
2026-08-06days on market $145,000 Active 95 DOM
-
2026-08-05days on market $145,000 Active 94 DOM
-
2026-08-04days on market $145,000 Active 93 DOM
-
2026-08-03days on market $145,000 Active 92 DOM
-
2026-07-31days on market $145,000 Active 89 DOM
-
2026-07-30days on market $145,000 Active 87 DOM
-
2026-07-28days on market $145,000 Active 86 DOM
-
2026-07-24days on market $145,000 Active 82 DOM
-
2026-07-23days on market $145,000 Active 81 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
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 ≥106°F today · 29 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,961
- − Mortgage interest
- −$7,842
- − Property taxes
- −$2,100
- − Insurance
- −$700
- − Repairs & maintenance
- −$1,597
- − Management
- −$1,597
- − HOA
- −$5,760
- − Depreciation
- −$4,073
- Taxable loss
- −$3,708
- Est. tax savings @ 24.0%
- +$890
- After-tax cash flow
- $-711/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.
Condition & rehab AI · 12 photos
This well-maintained and updated condo is ready for immediate move-in and offers a bright and open living space with modern amenities.
Value-add opportunities
- Both landscaping — enhances curb appeal and adds value ↑
- Both painting — fresh paint improves aesthetics and value ↑
- Both upgrading light fixtures — modernizes the space and improves energy efficiency ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Manatee County · 447,342 people
- City population
- 227,091
- Metro
- North Port-Sarasota-Bradenton, FL
- Population (ZIP)
- 17,682
- Household income
- $64,244
- Rent vs Own
- Severe rent burden
- 17% of renters
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 (68%)
- Race & ethnicity
- White 68% Hispanic / Latino 20% Black 8% Two or more races 7% Asian 2%
- Hispanic origin (detail)
- Mexican 4% Puerto Rican 3% Cuban 7%
- Common ancestry
- Hispanic 4% Romanian 3% Lithuanian 3%
- Foreign-born
- 17% · Canada, China, Jamaica
- Languages at home
- 76% English-only · Spanish 15% French/Haitian/Cajun 4% 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
- ▼ -162.68%
- Current HPI
- 246.9247
- Rent YoY
- ▼ -6.08%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+45.1% since first listed12 events — show timeline
- 2026-06-09 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
- 2026-05-03 Listed $150,000 Stellar MLS as Distributed by MLS Grid
- 2018-08-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2017-04-15 Listed $139,900 Stellar MLS as Distributed by MLS Grid
- 2016-12-30 Sold (MLS) $129,500 Stellar MLS as Distributed by MLS Grid
- 2016-12-15 Pending — Stellar MLS as Distributed by MLS Grid
- 2016-10-27 Price Changed $139,500 Stellar MLS as Distributed by MLS Grid
- 2016-07-27 Listed $145,000 Stellar MLS as Distributed by MLS Grid
- 2004-06-25 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
- 2004-06-25 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
- 2004-04-07 Listed $99,900 Stellar MLS as Distributed by MLS Grid
- 2004-04-07 Listed $99,900 Stellar MLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…