4200 Ironwood Cir Unit 203B · Bradenton, FL 34209

$110,000

1 bd · 1.5 ba · 765 sqft · Condo public records · 206 Days on market

Built 1971 $594/mo HOA · 33% 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 +16.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Priced to sell - seller welcomes all offers. Totally updated throughout. This beautifully updated 1-bedroom, 1.5-bath condo offering sweeping views of the lush community golf course and a lifestyle of comfort convenience. ! From the moment you step inside, you'll appreciate the thoughtful upgrades throughout. The kitchen features- granite countertops and custom solid wood cabinets & all smart appliances. Both bathrooms have been tastefully updated as well. The bright open living space flows seamlessly, creating a welcoming atmosphere for both everyday living and entertaining. Enjoy your morning coffee with tranquil golf course views, then take a short stroll to the nearby resort styl

Key facts

• Smart appliances
• Scenic nature trails
• Updated bathrooms

Tags

• GOLF COURSE VIEWS
• GRANITE COUNTERTOPS
• CUSTOM SOLID WOOD CABINETS
• SMART APPLIANCES
• UPDATED BATHROOMS
• SCENIC NATURE TRAILS

Property features AI

Finance

• Other: Association fee includes cable TV, pool, management, and recreational facilities
• Financial info: Total annual association fees $7,128; Lease restrictions apply
• HOA & community: Monthly condo fee (HOA) $594; Association management by Gulf Coast Association Mgmt.; Association approval required; Association amenities: clubhouse, fitness center, pool, recreation facilities, tennis courts, golf course access, laundry, storage, cable TV, maintenance; vehicle restrictions; Community features: buyer approval required, deed restrictions, fitness center, golf allowed (golf carts OK), pool, tennis courts, street lights, special community restrictions; Pets allowed: cats and dogs; Full-time management

Exterior

• Parking: Assigned parking; Off-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available and connected; BB/HS internet available; Electricity available and connected; Water and sewer available and connected
• Home design: Residential condominium; Located on 2nd floor of a 5-story building; Faces southwest; One-level living within the unit; Entry on level: One
• Construction: Concrete and stucco construction; Built-up roof; Block foundation; Building identified as 4200
• Exterior features: Lighting; Private mailbox; Storage; Tennis court(s); Outdoor kitchen; Storage (additional); Near/on golf course; Sidewalks; Mature landscaping; Paved roads

Interior

• Kitchen: Cooktop; Range; Dishwasher; Disposal; Refrigerator
• Bedrooms: 1 bedroom (located on floor 2)
• Flooring: Hardwood; Tile
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Eat-in kitchen; Living room/dining room combo; Open floorplan; Solid surface and stone counters; Solid wood cabinets; Walk-in closet(s); Window treatments (blinds, drapes, rods); Smoke detector(s)
• Laundry & utility: Common area laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $56 ($673/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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: Rents soft (-0.3%/yr); 510 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $761 of loan paydown is wiped out by about $3k 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 206 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 19y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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 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: 1.66% ✓
• Cap rate: 6.90%
• Cash-on-cash: 2.18%
• DSCR: 1.10
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.38×
• Total profit: $-19,185
• Equity at exit: $16,401

10-year hold

• IRR: -29.9%
• Equity multiple: -0.01×
• Total profit: $-31,080
• Equity at exit: $9,511

Cash invested: $30,800 (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: 5.0×

Monthly cashflow live

• Estimated rent: $1,822 high
• Mortgage (P&I): −$577
• Tax from tax record: −$167 /mo · $2,003/yr
• Insurance: −$46
• HOA: −$594
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $56

Break-even live

Break-even rent $1,751

Max offer price $110,000

Occupancy floor 92%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	0.06mi
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	23d	1	0.08mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	11d	1	0.09mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	15d	1	0.09mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	23d	1	0.10mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	1d	1	0.10mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	0.10mi
4480 Ironwood Cir Unit 309 Bradenton, FL	1.0	1.0	600	$1,800	$3.00	23d	1	0.12mi
4480 Ironwood Cir Unit 213A Bradenton, FL	1.0	1.0	600	$1,425	$2.38	14d	1	0.12mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,330	$1.43	1d	27	0.39mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	15d	1	0.44mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,200	$1.19	3d	13	0.50mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,249	$1.24	15d	15	0.50mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,415	$1.39	1d	32	0.53mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,325	$1.71	10d	9	0.58mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,200	$1.50	14d	3	0.58mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,199	$1.50	3d	2	0.58mi
4118 59th St W Bradenton, FL	2.0	1.0	756	$1,800	$2.38	15d	1	0.60mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	23d	1	0.65mi
5907 36th Ave Cir W #5907 Bradenton, FL	2.0	2.0	937	$2,800	$2.99	23d	1	0.68mi
4880 51st St W Bradenton, FL	1.0–4.0	1.0–3.0	1019	$1,295	$1.27	3d	11	0.73mi
4116 62nd St W Bradenton, FL	2.0	2.0	840	$1,650	$1.96	3d	1	0.80mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,465	$1.86	1d	6	0.84mi
4112 66th Street Cir W Bradenton, FL	2.0	2.0	1100	$1,960	$1.78	19d	1	0.93mi
4601 66th St W Bradenton, FL	3.0	1.0–2.0	917	$1,716	$1.87	1d	24	0.98mi
4209 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$2,900	$2.78	23d	1	1.01mi
4161 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$1,800	$1.72	15d	1	1.01mi
586 Lakeside Dr Unit 586 Bradenton, FL	2.0	2.0	940	$3,200	$3.40	23d	1	1.01mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$1,250	$1.32	1d	6	1.03mi
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	3d	1	1.08mi
2903 63rd St W Bradenton, FL	1.0	1.0	693	$2,000	$2.89	3d	1	1.08mi
206 Lakewood Dr Unit 206 Bradenton, FL	2.0	2.0	940	$2,700	$2.87	23d	1	1.14mi
184 Pineneedle Dr Bradenton, FL	2.0	2.0	940	$2,100	$2.23	23d	1	1.14mi
6711 45th Ave W Unit A Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	15d	1	1.20mi
4501 71st St W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,280	$1.51	1d	28	1.35mi
6304 Pointe West Blvd Unit A309 Bradenton, FL	2.0	2.0	1042	$1,795	$1.72	10d	1	1.35mi
5027 31st St W Bradenton, FL	2.0	2.0	972	$3,600	$3.70	21d	1	1.37mi
4148 53rd Ave W Unit 1210 Bradenton, FL	2.0	2.0	1071	$1,932	$1.80	3d	1	1.37mi
4148 53rd Ave W Unit 0314 Bradenton, FL	2.0	2.0	1071	$1,967	$1.84	23d	1	1.37mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$1,451	$1.47	1d	1	1.37mi

HOA detail condo

• Monthly dues: $594 · $7,128/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 37 events

1. 2026-06-08
   statusdays on market $110,000 Pending 206 DOM
2. 2026-06-08
   days on market $110,000 Active 205 DOM
3. 2026-06-03
   days on market $110,000 Active 201 DOM
4. 2026-06-02
   days on market $110,000 Active 200 DOM
5. 2026-06-01
   days on market $110,000 Active 199 DOM
6. 2026-05-31
   days on market $110,000 Active 198 DOM
7. 2026-05-07
   price $110,000
8. 2026-01-19
   price $127,000
9. 2025-11-14
   listed $139,900 Active
10. 2025-06-09
    historical
11. 2025-04-28
    listed $169,900 Active
12. 2024-08-22
    historical
13. 2024-07-25
    price $212,000
14. 2024-03-22
    listed $229,000 Active
15. 2022-12-07
    soldstatus $145,000
16. 2022-12-06
    soldstatus $145,000 Closed
17. 2022-11-29
    status Pending
18. 2022-11-24
    price $149,000
19. 2022-11-15
    price $152,000
20. 2022-11-11
    price $156,000
21. 2022-11-04
    status Active
22. 2022-10-27
    status Pending
23. 2022-10-22
    listed $159,000 Active
24. 2022-09-26
    historical
25. 2022-09-22
    price $165,000
26. 2022-09-21
    price $180,000
27. 2022-07-29
    listed $169,000 Active
28. 2015-08-17
    soldstatus $61,000
29. 2015-08-14
    soldstatus $61,000 Sold
30. 2015-07-21
    status Pending
31. 2015-07-11
    historical Active with Contract
32. 2015-07-07
    listed $61,000 Active
33. 2008-03-17
    historical
34. 2007-09-18
    listed $112,000
35. 2001-10-22
    soldstatus $63,000
36. 2001-08-13
    soldstatus $52,000
37. 1987-11-03
    soldstatus $37,500

ⓘ 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: $2,003 · $167/mo
• Projected year-2 tax: $2,003 · $167/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 ≥106°F today · 30 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: $21,868
• − Mortgage interest: −$6,162
• − Property taxes: −$2,003
• − Insurance: −$550
• − Repairs & maintenance: −$1,749
• − Management: −$1,749
• − HOA: −$7,128
• − Depreciation: −$3,200
• Taxable loss: −$673
• Est. tax savings @ 24.0%: +$162
• After-tax cash flow: $834/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

• Census place: Bradenton, FL
• County: Manatee County · 416,364 people
• City population: 227,091
• 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

+193.3% since first listed

31 events — show timeline

• 2026-05-07 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-19 Price Changed $127,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-28 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-08-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-07-25 Price Changed $212,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-22 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-07 Sold (Public Records) $145,000 Public Records
• 2022-12-06 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-11-24 Price Changed $149,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-15 Price Changed $152,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-11 Price Changed $156,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-10-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-10-22 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-09-22 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-21 Price Changed $180,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-29 Listed $169,000 Stellar MLS as Distributed by MLS Grid
• 2015-08-17 Sold (Public Records) $61,000 Public Records
• 2015-08-14 Sold (MLS) $61,000 Stellar MLS as Distributed by MLS Grid
• 2015-07-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-07-11 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-07-07 Listed $61,000 Stellar MLS as Distributed by MLS Grid
• 2008-03-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-09-18 Listed $112,000 Stellar MLS as Distributed by MLS Grid
• 2001-10-22 Sold (Public Records) $63,000 Public Records
• 2001-08-13 Sold (Public Records) $52,000 Public Records
• 1987-11-03 Sold (Public Records) $37,500 Public Records

Property tax history

+20.9%/yr

Latest (2025): $2,003 · -23.1% YoY. Source: county tax records.