7343 Fountain Palm Cir Unit na · Lakewood Ranch, FL 34203

$245,000

2 bd · 2.0 ba · 1,348 sqft · Condo · 43 Days on market

Built 2005 Good condition $537/mo HOA · 19% of rent

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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).

• Cash flow +12.7/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +4.4/10.0
• Condition / age +4.0/5.0
• DSCR +3.8/10.0
• Livability +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your ground-level villa-style condo in the gated community of Palm Grove—where convenience meets low-maintenance Florida living. No stairs. Attached garage. Open layout. Private screened lanai. The kitchen is bright and functional with stainless appliances, warm wood cabinetry, and space to gather, while the split-bedroom floor plan offers comfort and privacy for guests or seasonal living. Step outside and you’re just moments from the community pool—or head down the street to enjoy everything Tara Preserve Golf Club has to offer (without the membership commitment): golf, dining, tennis, pickleball, and more. Whether you're looking for a winter escape, full-time

Key facts

• Gated community
• Community pool
• Ground-level villa

Tags

• GROUND-LEVEL VILLA
• GATED COMMUNITY
• PRIVATE SCREENED LANAI
• COMMUNITY POOL
• TARA PRESERVE GOLF CLUB
• CORNER UNIT

Property features AI

Finance

• Other: Association names: Susan; Tara Master Association; Unit is unfurnished
• Financial info: Total annual association fees reported as $6,453; total monthly fees reported as $537.75; Other annual assessment amount listed as $508; Lease restrictions apply
• HOA & community: Has HOA; quarterly condo fees; Monthly condo fee listed as $450 (quarterly term; quarterly condo fees also listed as $1,350); Association includes cable TV, pool, escrow reserves fund, insurance, structure maintenance, general maintenance, and private road; Association approval required; Community allows golf carts and golf; community pool; Pets allowed (cats and dogs)

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Broadband/high-speed internet available
• Home design: Residential condominium; One story; Ground-level unit; Faces south
• Construction: Block and stucco construction; Tile roof; Slab foundation; Built as part of Palm Grove
• Exterior features: Sidewalk; Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms (ground level / floor 1)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Living room/dining room combo; Sliding doors; Sidewalk
• Laundry & utility: Washer and dryer inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $245k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-28 ($-335/yr) — negative.
• To cash-flow at today's rent, offer at most $241k (1.6% below list).
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $238k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 3.3% in Lakewood Ranch — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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 (-1.0%/yr); 384 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $2,788/mo this rent would consume 47% of the median local household income ($71k/yr) (locally 1469% 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 $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 43 days — a 3% lower offer ($238k) 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,650 (3.0% below list)

Questions for the listing agent

1. 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?
2. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.14% ✓
• Cap rate: 6.16%
• Cash-on-cash: -0.49%
• DSCR: 0.98
• GRM: 7.3

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: -21.5%
• Equity multiple: 0.28×
• Total profit: $-49,274
• Equity at exit: $36,530

10-year hold

• IRR: -29.2%
• Equity multiple: -0.10×
• Total profit: $-75,255
• Equity at exit: $21,183

Cash invested: $68,600 (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 34203

• Home prices YoY: -24.5%
• Rents YoY: -1.0%
• Active inventory: 384
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,788 high
• Mortgage (P&I): −$1,285
• Tax est. 1.5%: −$306 /mo · $3,675/yr
• Insurance: −$102
• HOA: −$537
• Vacancy / Maint / Mgmt: −$585
• Net cashflow: $-28

Break-even live

Break-even rent $2,823

Max offer price $240,964

Occupancy floor 96%

Sensitivity live

Price	-10% $141	-5% $57	+0% $-28	+5% $-113	+10% $-197
Rent	-10% $-248	-5% $-138	+0% $-28	+5% $82	+10% $192
Rate	-1.0pp $95	-0.5pp $34	base $-28	+0.5pp $-91	+1.0pp $-156

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7269 Fountain Palm Cir Bradenton, FL	3.0	2.0	1617	$2,300	$1.42	24d	1	0.01mi
6055 Wingspan Way Bradenton, FL	3.0	2.0	1643	$2,500	$1.52	24d	1	0.08mi
5808 Nesters Ln Bradenton, FL	3.0	2.0	1645	$5,000	$3.04	24d	1	0.11mi
6251 Wingspan Way Bradenton, FL	3.0	2.0	1504	$2,300	$1.53	24d	1	0.49mi
6738 Peach Tree Creek Rd Bradenton, FL	2.0	2.0	1838	$6,200	$3.37	24d	1	0.61mi
7189 Strand Cir Unit 1 Bradenton, FL	2.0	2.0	1368	$2,300	$1.68	24d	1	0.62mi
8110 Misty Wood Ave Bradenton, FL	1.0–3.0	1.0–2.0	1086	$1,890	$1.74	2d	18	0.66mi
6807 Stone River Rd #202 Bradenton, FL	2.0	2.0	1292	$3,500	$2.71	16d	1	0.66mi
6713 Stone River Rd #202 Bradenton, FL	2.0	2.0	1232	$1,900	$1.54	24d	1	0.67mi
6872 Fairview Ter #101 Bradenton, FL	2.0	2.0	1352	$2,000	$1.48	24d	1	0.70mi
6870 Fairview Ter #6870 Bradenton, FL	2.0	2.0	1346	$2,200	$1.63	16d	1	0.70mi
6351 Bay Cedar Ln Bradenton, FL	2.0	2.0	1320	$2,100	$1.59	24d	1	0.71mi
7037 Scrub Jay Way Unit 7037 Bradenton, FL	2.0	2.0	1320	$2,000	$1.52	24d	1	0.73mi
6372 Rookery Cir Bradenton, FL	3.0	2.0	1856	$4,300	$2.32	24d	1	0.74mi
6421 Bay Cedar Ln Bradenton, FL	2.0	2.0	1368	$2,100	$1.54	24d	1	0.77mi
6758 Fairview Ter Bradenton, FL	2.0	2.0	1346	$2,300	$1.71	24d	1	0.82mi
7224 Cedar Hollow Cir Bradenton, FL	2.0	2.0	1406	$2,200	$1.56	24d	1	0.84mi
7279 Cedar Hollow Cir Unit Available Bradenton, FL	2.0	2.0	1352	$3,500	$2.59	24d	1	0.85mi
7138 Cedar Hollow Cir Bradenton, FL	2.0	2.0	1406	$2,000	$1.42	16d	1	0.90mi
6505 Stone River Rd Bradenton, FL	2.0	2.0	1080	$2,825	$2.62	16d	3	0.91mi
6437 Brook Village Cv Bradenton, FL	1.0–3.0	1.0–2.0	1134	$1,958	$1.73	2d	13	0.91mi
6501 Stone River Rd Unit Available Bradenton, FL	2.0	2.0	1118	$2,200	$1.97	24d	1	0.93mi
6501 Stone River Rd Bradenton, FL	2.0	2.0	1080	$2,820	$2.61	16d	2	0.93mi
6642 Tailfeather Way Unit Available Bradenton, FL	3.0	2.0	1800	$2,500	$1.39	24d	1	0.96mi
8512 54th Avenue Cir E Bradenton, FL	2.0	2.0	1114	$2,400	$2.15	19d	1	0.98mi
5414 Fair Oaks St Unit 10-D Bradenton, FL	2.0	2.0	1004	$1,995	$1.99	4d	1	1.05mi
5515 Fair Oaks St Unit 5515 Bradenton, FL	2.0	2.0	1004	$2,000	$1.99	24d	1	1.05mi
6503 Fairway Gardens Dr Unit Available Bradenton, FL	2.0	2.0	1346	$2,200	$1.63	24d	1	1.09mi
7224 49th Ave E Bradenton, FL	3.0	2.0	1349	$3,000	$2.22	24d	1	1.16mi
4637 72nd Ct E Bradenton, FL	3.0	2.0	1535	$2,650	$1.73	3d	1	1.40mi
9735 53rd Dr E Bradenton, FL	2.0	2.0	1633	$3,400	$2.08	4d	1	1.44mi

HOA detail condo

• Monthly dues: $537 · $6,444/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $245,000 Active 43 DOM
2. 2026-06-17
   days on market $245,000 Active 42 DOM
3. 2026-06-16
   days on market $245,000 Active 41 DOM
4. 2026-06-15
   days on market $245,000 Active 40 DOM
5. 2026-06-13
   days on market $245,000 Active 38 DOM
6. 2026-06-13
   days on market $245,000 Active 37 DOM
7. 2026-06-10
   days on market $245,000 Active 35 DOM
8. 2026-06-09
   days on market $245,000 Active 34 DOM
9. 2026-06-08
   days on market $245,000 Active 33 DOM
10. 2026-06-08
    days on market $245,000 Active 32 DOM
11. 2026-06-03
    days on market $245,000 Active 28 DOM
12. 2026-06-02
    days on market $245,000 Active 27 DOM
13. 2026-06-01
    days on market $245,000 Active 26 DOM
14. 2026-05-31
    days on market $245,000 Active 25 DOM
15. 2026-05-06
    listed $245,000 Active

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,452
• − Mortgage interest: −$13,724
• − Property taxes: −$3,675
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,676
• − Management: −$2,676
• − HOA: −$6,444
• − Depreciation: −$7,127
• Taxable loss: −$4,095
• Est. tax savings @ 24.0%: +$983
• After-tax cash flow: $648/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

Good 80/100 Cosmetic rehab

This ground-level villa-style condo in Palm Grove is in good condition with minimal repairs needed. Fresh paint and trimming the landscaping would significantly enhance its resale and rental value.

Value-add opportunities

• Resale Paint exterior trim — Fresh paint enhances curb appeal and property value
• Rental Trim bushes and hedges — Well-maintained landscaping improves rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Fresh paint enhances curb appeal and property value ↑
• Rental Trim bushes and hedges — Well-maintained landscaping improves rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Lakewood Ranch

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Manatee County · 416,364 people
• City population: 52,177
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 1469.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 12% Black 9% Asian 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Vietnam, Dominican Republic
• Languages at home: 76% English-only · Spanish 16% Vietnamese 2% 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: ▼ -95.87%
• Current HPI: 295.8871
• Rent YoY: ▼ -0.97%
• 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

• 2026-05-06 Listed $245,000 Stellar MLS as Distributed by MLS Grid