1532 47th Avenue Dr E · Ellenton, FL 34222

$129,900

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 79 Days on market

Built 1980 3,703 sqft lot Est $108k · 20% over $50/mo HOA · 2% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT! Welcome to Tidevue Estates a land owned 55+ community. Open floor plan. The home is turn-key furnished just bring your suitcase. Electrical panel updated in 2018. Vapor barrier replaced in 2015. Enjoy the Florida weather on the covered carport where you can barbecue and relax. Low HOA of only $456 annually. Pets are not permitted. Take a water aerobics class in the heated community pool. Meet friends for a game of bocce ball, pickle ball or shuffleboard. WI-FI connection available in the Community Library. Fitness Room. Billiards Room. Many activities offered in this very active community. Best location in Manatee County. Convenient location to I-75, Ellenton Premium Outlet Mall, restaurants medical facility's and beautiful Gulf beaches. Come join the Tidevue Life Style Today!

Key facts

• Open floor plan
• New range
• Updated kitchen

Tags

• OPEN FLOOR PLAN
• UPDATED KITCHEN
• NEW RANGE
• CLOSET PANTRY
• BUILT-IN CLOSETS
• UPDATED SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 4.5% in Ellenton — 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 76/100 on livability (#232 in FL, #3,666 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, 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: 182 active listings in the ZIP; 6 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).
• At $2,591/mo this rent would consume 48% of the median local household income ($64k/yr) (locally 313% 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 $898 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.99% ✓
• Cap rate: 16.79%
• Cash-on-cash: 37.48%
• DSCR: 2.67
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $108,192
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1532 47th Avenue Dr E	0.00mi	2/1.0	784 (0%)	1mo	$129,900	$166	99
4603 10th Street Ct E	0.41mi	2/1.5	780 (-0%)	3mo	$108,000	$138	76
1416 41st Ave E	0.47mi	2/2.0	800 (+2%)	3mo	$160,000	$200	68
1413 41st Ave E	0.50mi	1/1.0 (-1)	720 (-8%)	5mo	$68,000	$94	54
1204 45th Ave E	0.35mi	2/2.0	672 (-14%)	2mo	$37,500	$56	54

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: 33.5%
• Equity multiple: 2.41×
• Total profit: $51,347
• Equity at exit: $19,369

10-year hold

• IRR: 40.4%
• Equity multiple: 4.80×
• Total profit: $138,065
• Equity at exit: $11,231

Cash invested: $36,372 (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: 4.2×

Monthly cashflow live

• Estimated rent: $2,591 high
• Mortgage (P&I): −$681
• Tax from tax record: −$126 /mo · $1,510/yr
• Insurance: −$54
• HOA: −$50
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $1,136

Break-even live

Break-even rent $1,153

Max offer price $129,900

Occupancy floor 51%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4180 Yardly Dr Palmetto, FL	1.0–3.0	1.0–2.0	1021	$2,498	$2.45	3d	15	0.16mi
5021 US Highway 301 N Ellenton, FL	3.0	2.5	861	$3,900	$4.53	3d	1	0.27mi
4403 7th St E #4 Ellenton, FL	2.0	2.0	1079	$2,700	$2.50	24d	1	0.73mi
1651 36th Ave E Ellenton, FL	1.0–3.0	1.0–2.0	804	$1,397	$1.74	3d	13	0.84mi
5942 Factory Shops Blvd Ellenton, FL	1.0–3.0	1.0–2.0	953	$2,362	$2.48	2d	67	0.87mi
2710 59th Dr E Ellenton, FL	1.0–3.0	1.0–2.0	1149	$2,234	$1.94	3d	37	1.05mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: waterelectricinternetpool

Listing history 10 events

1. 2026-04-13
   status Pending
2. 2026-01-24
   listed $129,900 Active
3. 2022-04-11
   soldstatus $115,000
4. 2019-12-03
   soldstatus $52,500 Sold 806-char remark

   Show marketing remark (806 chars)

   PRICE IMPROVEMENT! Welcome to Tidevue Estates a land owned 55+ community. Open floor plan. The home is turn-key furnished just bring your suitcase. Electrical panel updated in 2018. Vapor barrier replaced in 2015. Enjoy the Florida weather on the covered carport where you can barbecue and relax. Low HOA of only $456 annually. Pets are not permitted. Take a water aerobics class in the heated community pool. Meet friends for a game of bocce ball, pickle ball or shuffleboard. WI-FI connection available in the Community Library. Fitness Room. Billiards Room. Many activities offered in this very active community. Best location in Manatee County. Convenient location to I-75, Ellenton Premium Outlet Mall, restaurants medical facility's and beautiful Gulf beaches. Come join the Tidevue Life Style Today!

5. 2019-11-15
   status Pending 806-char remark

   Show marketing remark (806 chars)

   PRICE IMPROVEMENT! Welcome to Tidevue Estates a land owned 55+ community. Open floor plan. The home is turn-key furnished just bring your suitcase. Electrical panel updated in 2018. Vapor barrier replaced in 2015. Enjoy the Florida weather on the covered carport where you can barbecue and relax. Low HOA of only $456 annually. Pets are not permitted. Take a water aerobics class in the heated community pool. Meet friends for a game of bocce ball, pickle ball or shuffleboard. WI-FI connection available in the Community Library. Fitness Room. Billiards Room. Many activities offered in this very active community. Best location in Manatee County. Convenient location to I-75, Ellenton Premium Outlet Mall, restaurants medical facility's and beautiful Gulf beaches. Come join the Tidevue Life Style Today!

6. 2019-11-04
   price $65,000 806-char remark

   Show marketing remark (806 chars)

   PRICE IMPROVEMENT! Welcome to Tidevue Estates a land owned 55+ community. Open floor plan. The home is turn-key furnished just bring your suitcase. Electrical panel updated in 2018. Vapor barrier replaced in 2015. Enjoy the Florida weather on the covered carport where you can barbecue and relax. Low HOA of only $456 annually. Pets are not permitted. Take a water aerobics class in the heated community pool. Meet friends for a game of bocce ball, pickle ball or shuffleboard. WI-FI connection available in the Community Library. Fitness Room. Billiards Room. Many activities offered in this very active community. Best location in Manatee County. Convenient location to I-75, Ellenton Premium Outlet Mall, restaurants medical facility's and beautiful Gulf beaches. Come join the Tidevue Life Style Today!

7. 2019-09-17
   listed $69,900 Active 806-char remark

   Show marketing remark (806 chars)

   PRICE IMPROVEMENT! Welcome to Tidevue Estates a land owned 55+ community. Open floor plan. The home is turn-key furnished just bring your suitcase. Electrical panel updated in 2018. Vapor barrier replaced in 2015. Enjoy the Florida weather on the covered carport where you can barbecue and relax. Low HOA of only $456 annually. Pets are not permitted. Take a water aerobics class in the heated community pool. Meet friends for a game of bocce ball, pickle ball or shuffleboard. WI-FI connection available in the Community Library. Fitness Room. Billiards Room. Many activities offered in this very active community. Best location in Manatee County. Convenient location to I-75, Ellenton Premium Outlet Mall, restaurants medical facility's and beautiful Gulf beaches. Come join the Tidevue Life Style Today!

8. 2019-01-25
   historical
9. 2019-01-15
   listed $65,000 Active
10. 1985-06-01
    soldstatus $29,000

ⓘ 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: $1,510 · $126/mo
• Projected year-2 tax: $1,510 · $126/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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 25 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: $31,095
• − Mortgage interest: −$7,276
• − Property taxes: −$1,510
• − Insurance: −$650
• − Repairs & maintenance: −$2,488
• − Management: −$2,488
• − HOA: −$600
• − Depreciation: −$3,779
• Taxable income: $12,305
• Est. tax owed @ 24.0%: −$2,953
• After-tax cash flow: $10,678/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 — Ellenton

• Score: 76/100
• State rank: #232
• US rank: #3666

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ellenton, FL
• County: Manatee County · 416,364 people
• City population: 14,819
• 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

+347.9% since first listed

10 events — show timeline

• 2026-04-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-24 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2022-04-11 Sold (Public Records) $115,000 Public Records
• 2019-12-03 Sold (MLS) $52,500 Stellar MLS as Distributed by MLS Grid
• 2019-11-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-11-04 Price Changed $65,000 Stellar MLS as Distributed by MLS Grid
• 2019-09-17 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2019-01-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-01-15 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 1985-06-01 Sold (Public Records) $29,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,510 · +1.0% YoY. Source: county tax records.