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926 River Basin Ct #101
D- Composite 37.64
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 +11.3/15.0
  • Schools +6.2/10.0
  • Appreciation +4.1/10.0
  • Livability +4.0/5.0
  • Condition / age +3.8/5.0
  • Cash flow +3.6/30.0
  • 1% rule +3.1/10.0
  • Rent growth +1.6/5.0
  • DSCR +0.0/10.0

$317,500

926 River Basin Ct #101 · Bradenton, FL 34212
2 bd · 2.0 ba · 1,156 sqft · Condo · 116 Days on market
Built 2002 Good condition 2-car garage $275/sqft · 8% below area Est $346k · 8% under $778/mo HOA · 30% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

This beautiful condo is located on the 8th fairway of Waterlefe Golf & River Club is being sold turnkey furnished. In the evenings, relax on the lanai while enjoying beautiful sunsets overlooking the golf course and pond. This 2-bedroom, 2 baths plus den home is very well maintained. The master bedroom features a king size bed while the second bedroom has a queen size bed and a sleeper sofa in the den allows for plenty of space for you and your guests. Other features include ceramic tile and wood flooring throughout, upgraded fixtures, fully equipped kitchen with new gas cooktop (2018), new HVAC (2019), 2 car garage and more.

Key facts

  • Wood flooring
  • Insulated windows
  • Double pane windows

Tags

HURRICANE PROOF WINDOWSDOUBLE PANE WINDOWSINSULATED WINDOWSCERAMIC TILE FLOORINGWOOD FLOORINGUPGRADED FIXTURES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $318k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-947 ($-11k/yr) — negative.
  • To cash-flow at today's rent, offer at most $180k (43.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $256k (19.3% below list).
  • Recommended offer: $180k (43.2% below list) — sets the bar for cash-flow.
  • Cap rate 2.7% vs local median 3.5% in Bradenton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: Freedom Elementary School (math 75% / reading 67%, grade A-, #320 of 2,144 statewide, top 15%, 574 students, 42% FRL); Carlos E. Haile Middle School (math 70% / reading 63%, grade A-, #84 of 571 statewide, top 16%, 737 students, 45% FRL); Braden River High School (math 44% / reading 52%, grade D, #201 of 667 statewide, top 30%, 1,774 students, 45% FRL).
  • Market conditions: Rents falling (-3.4%/yr); 591 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 74d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-1.8%/yr); year-one equity from $2k of loan paydown is wiped out by about $6k 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 116 days — a 9% lower offer ($289k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 30% of rent.
  • Climate carrying-cost: major flood risk; 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 $180,483 (43.2% 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 116 days. Have you received any prior offers? Is the seller open to a 43% 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. 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. 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?
  9. 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.
  10. 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.
  11. 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
0.81%
Cap rate
2.71%
Cash-on-cash
-12.78%
DSCR
0.43
GRM
10.3

CMA / ARV

ARV (median comp)
$346,475
List price
$317,500
Delta
-8.36%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
8403 Grand Estuary Trl #306 0.61mi 2/2.0 1,156 (0%) 2mo $207,000 $179 70
8205 Grand Estuary Trl #103 0.70mi 2/2.0 1,156 (0%) 1mo $205,000 $177 66
7019 River Hammock Dr #202 1.44mi 2/2.0 1,156 (0%) 0mo $237,500 $205 65
7803 Grand Estuary Trl #302 0.90mi 2/2.0 1,156 (0%) 3mo $240,000 $208 63
7019 River Hammock Dr #406 1.44mi 2/2.0 1,156 (0%) 3mo $270,000 $234 63
7015 River Hammock Dr #203 1.49mi 2/2.0 1,156 (0%) 3mo $235,200 $203 62
8105 Grand Estuary Trl #403 0.75mi 2/2.0 1,121 (-3%) 0mo $200,000 $178 60
7803 Grand Estuary Trl #205 0.90mi 2/2.0 1,121 (-3%) 2mo $205,000 $183 58
811 Fairwaycove Ln #107 1.44mi 2/2.0 1,226 (+6%) 3mo $218,500 $178 53
8205 Grand Estuary Trl #208 0.70mi 2/2.0 1,297 (+12%) 1mo $260,000 $200 46
306 111th St E 1.49mi 3/2.0 (+1) 1,376 (+19%) 1mo $425,000 $309 34
11217 2nd Ave E 1.47mi 3/2.0 (+1) 1,376 (+19%) 3mo $395,000 $287 32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.82% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
-31.5%
Equity multiple
-0.16×
Total profit
$-102,779
Equity at exit
$64,334
10-year hold
IRR
-35.3%
Equity multiple
-1.02×
Total profit
$-179,710
Equity at exit
$57,547

Cash invested: $88,900 (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.

Active competition Active MLS

For sale now
2 active · 2 under contract
Median asking
$290,000 ($254/sqft)
Median days on market
240 d
This list price
50% of active listings are priced below it
ARV vs active asking
+18.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34212

Home prices YoY
-0.7%
Rents YoY
-3.4%
Active inventory
591
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$2,564 high interval (Pro) →
Mortgage (P&I)
$1,665
Tax est. 1.5%
$397 /mo · $4,762/yr
Insurance
$132
HOA
$778
Vacancy / Maint / Mgmt
$538
Net cashflow
$-947

Break-even live

Break-even rent $3,762
Max offer price $180,483
Occupancy floor

Sensitivity live

Price -10% $-727 -5% $-837 +0% $-947 +5% $-1,057 +10% $-1,166
Rent -10% $-1,149 -5% $-1,048 +0% $-947 +5% $-846 +10% $-744
Rate -1.0pp $-787 -0.5pp $-866 base $-947 +0.5pp $-1,029 +1.0pp $-1,113

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
$79,375
Closing costs
$9,525
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 26 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
9712 Sea Turtle Ter #102 Bradenton, FL 2.0 2.0 1254 $2,500 $1.99 119d 1 0.11mi
9720 Sea Turtle Ter #201 Bradenton, FL 3.0 2.0 1388 $3,495 $2.52 119d 1 0.13mi
9411 Discovery Ter Unit 102B Bradenton, FL 3.0 2.0 1254 $2,900 $2.31 119d 1 0.16mi
8403 Grand Estuary Trl Bradenton, FL 2.0 2.0 1156 $1,849 $1.60 9d 2 0.64mi
8309 Grand Estuary Trl Bradenton, FL 2.0 2.0 1185 $3,250 $2.74 74d 2 0.69mi
8205 Grand Estuary Trl Bradenton, FL 2.0 2.0 1121 $2,125 $1.90 111d 2 0.73mi
8205 Grand Estuary Trl #202 Bradenton, FL 2.0 2.0 1156 $2,300 $1.99 9d 1 0.74mi
120 Watercolor WAY Bradenton, FL 1.0–3.0 1.0–2.0 1121 $2,445 $2.18 6d 37 0.76mi
8105 Grand Estuary Trl #404 Bradenton, FL 2.0 2.0 1121 $1,699 $1.52 9d 1 0.79mi
7911 Grand Estuary Trl #406 Bradenton, FL 2.0 2.0 1156 $2,300 $1.99 9d 1 0.88mi
7911 Grand Estuary Trl #103 Bradenton, FL 2.0 2.0 1156 $2,300 $1.99 78d 1 0.88mi
7803 Grand Estuary Trl Bradenton, FL 2.0 2.0 1371 $2,650 $1.93 82d 3 0.93mi
7803 Grand Estuary Trl #308 Bradenton, FL 2.0 2.0 1297 $2,800 $2.16 9d 1 0.93mi
7705 Grand Estuary Trl Bradenton, FL 2.0 2.0 1175 $2,075 $1.77 65d 3 0.98mi
7705 Grand Estuary Trl Bradenton, FL 2.0 2.0 1156 $2,100 $1.82 9d 2 0.98mi
215 107th Street Cir E Bradenton, FL 1.0–3.0 1.0–2.0 1115 $1,789 $1.60 0d 34 1.00mi
7607 Grand Estuary Trl Bradenton, FL 2.0 2.0 1226 $2,900 $2.37 80d 3 1.02mi
7607 Grand Estuary Trl Bradenton, FL 2.0 2.0 1156 $2,800 $2.42 7d 3 1.02mi
7607 Grand Estuary Trl Bradenton, FL 2.0 2.0 1156 $2,950 $2.55 9d 2 1.02mi
7121 River Hammock Dr Bradenton, FL 2.0 2.0 1176 $2,248 $1.91 119d 2 1.41mi
7121 River Hammock Dr #303 Bradenton, FL 2.0 2.0 1232 $2,500 $2.03 9d 1 1.42mi
7121 River Hammock Dr Unit 1546059P Bradenton, FL 2.0 2.0 1151 $2,903 $2.52 111d 1 1.42mi
819 Fairwaycove Ln Bradenton, FL 2.0 2.0 1165 $1,950 $1.67 111d 2 1.45mi
819 Fairwaycove Ln #204 Bradenton, FL 2.0 2.0 1104 $1,750 $1.59 76d 1 1.45mi
7019 River Hammock Dr #404 Bradenton, FL 2.0 2.0 1121 $2,000 $1.78 65d 1 1.47mi
905 Fairwaycove Ln #205 Bradenton, FL 2.0 2.0 1104 $4,000 $3.62 110d 1 1.49mi

Property features AI

Finance

Other
Home warranty included
Financial info
Total annual fees $9,344 (total monthly equivalent $778.67)Other annual assessment $2,670Lease restrictions apply
HOA & community
Has HOA (monthly fee $434)Secondary association fee (quarterly $1,034)Association amenities: Cable TV, Clubhouse, Fitness Center, Gated, Golf Course, Maintenance, Playground, Pool, Vehicle restrictionsAssociation fee includes 24-hour guard, cable TV, pool, escrow reserves, insurance, internet, structure & grounds maintenance, management, private road, recreational facilitiesCommunity features: Clubhouse, Fitness Center, Golf Carts OK, Golf, Park, Pool, Sidewalks, Wheelchair access, Street lightsPets allowed: Dogs and cats

Exterior

Parking
Attached 2-car garage
Security
Gated communitySecurity gateSecurity lightsSecurity systemFire alarmSmoke detectors
Utilities
Public waterPublic sewerBroadband/high-speed internet availableCable available and connectedElectricity connectedNatural gas connectedPhone availableUnderground utilitiesWater connectedPrivate utilities (some)
Home design
Residential condominiumOne storyFaces eastFirst-floor unit
Construction
Block, concrete and stucco constructionTile roofSlab foundationBuilt by builder
Exterior features
BalconyExterior lightingShade shuttersSidewalkSliding doorsNear marinaPavedAsphalt road

Interior

Kitchen
Built-in ovenCooktopDishwasherDisposalExhaust fanMicrowaveRangeRefrigeratorSolid surface countersSolid wood cabinets
Bedrooms
2 bedrooms
Flooring
Ceramic tile
Bathrooms
2 full bathrooms
Heating & cooling
Natural gas heatingCentral air conditioning
Interior features
Ceiling fansCoffered ceilingsEat-in kitchenLiving room / dining room comboOpen floorplanSolid surface countertopsSolid wood cabinetsSplit bedroom layoutThermostatWalk-in closetsWindow treatments
Laundry & utility
WasherDryerElectric dryer hookupGas dryer hookupLaundry insideElectric water heater

HOA detail $778/mo · $9,336/yr condo

Likely covers
watergas
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 38 events

  1. 2026-07-18
    days on market $317,500 Active 116 DOM
  2. 2026-07-18
    days on market $317,500 Active 115 DOM
  3. 2026-07-16
    days on market $317,500 Active 114 DOM
  4. 2026-07-15
    days on market $317,500 Active 113 DOM
  5. 2026-07-13
    days on market $317,500 Active 111 DOM
  6. 2026-07-13
    days on market $317,500 Active 110 DOM
  7. 2026-07-11
    days on market $317,500 Active 109 DOM
  8. 2026-07-10
    days on market $317,500 Active 108 DOM
  9. 2026-07-09
    days on market $317,500 Active 107 DOM
  10. 2026-07-07
    days on market $317,500 Active 105 DOM
  11. 2026-07-06
    days on market $317,500 Active 104 DOM
  12. 2026-07-05
    days on market $317,500 Active 103 DOM
  13. 2026-07-03
    days on market $317,500 Active 101 DOM
  14. 2026-07-02
    days on market $317,500 Active 100 DOM
  15. 2026-07-01
    days on market $317,500 Active 99 DOM
  16. 2026-06-30
    days on market $317,500 Active 98 DOM
  17. 2026-06-29
    days on market $317,500 Active 97 DOM
  18. 2026-06-28
    days on market $317,500 Active 96 DOM
  19. 2026-06-27
    days on market $317,500 Active 95 DOM
  20. 2026-06-27
    days on market $317,500 Active 94 DOM
  21. 2026-06-25
    days on market $317,500 Active 92 DOM
  22. 2026-06-22
    days on market $317,500 Active 90 DOM
  23. 2026-06-22
    days on market $317,500 Active 89 DOM
  24. 2026-06-18
    days on market $317,500 Active 86 DOM
  25. 2026-06-17
    days on market $317,500 Active 85 DOM
  26. 2026-06-16
    days on market $317,500 Active 84 DOM
  27. 2026-06-15
    days on market $317,500 Active 83 DOM
  28. 2026-06-13
    pricedays on market $317,500 Active 81 DOM
  29. 2026-06-13
    days on market $327,495 Active 80 DOM
  30. 2026-06-10
    days on market $327,495 Active 78 DOM
  31. 2026-06-09
    days on market $327,495 Active 77 DOM
  32. 2026-06-08
    days on market $327,495 Active 76 DOM
  33. 2026-06-08
    days on market $327,495 Active 75 DOM
  34. 2026-06-03
    days on market $327,495 Active 71 DOM
  35. 2026-06-02
    days on market $327,495 Active 70 DOM
  36. 2026-06-01
    days on market $327,495 Active 69 DOM
  37. 2026-05-31
    days on market $327,495 Active 68 DOM
  38. 2026-03-24
    listed $327,495 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 6/10 Major FEMA zone X (shaded) · 55% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,764
− Mortgage interest
−$17,785
− Property taxes
−$4,762
− Insurance
−$1,588
− Repairs & maintenance
−$2,461
− Management
−$2,461
− HOA
−$9,336
− Depreciation
−$9,236
Taxable loss
−$16,866
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,048
After-tax cash flow
$-7,315/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 · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $5,780–$17,340 screening

This well-maintained and turnkey furnished condo is located on the 8th fairway of Waterlefe Golf & River Club. The property is in good condition with no visible repairs needed, and minor maintenance tasks can further enhance its curb appeal and value.

Value-add opportunities

  • Resale Paint the exterior siding — A fresh coat of paint can significantly enhance the curb appeal and value of the property.
  • Rental Trim the landscaping — Well-maintained landscaping can attract more renters and increase rental value.
  • Both Inspect and clean the gutters — Clean gutters can prevent water damage and improve the overall appearance of the property.

ⓘ 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.

C Composite school gradezoned avg 62/100

Zoned Schools

Elementary Freedom Elementary School A- FL #320/2,144 Nat'l #3,228/41,679 Middle Carlos E. Haile Middle School A- FL #84/571 Nat'l #1,110/14,009 High Braden River High School D FL #201/667 Nat'l #6,224/17,239

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
A Composite livability gradescore 81/100

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

County
Manatee County · 447,342 people
City population
227,091
Metro
North Port-Sarasota-Bradenton, FL
Population (ZIP)
25,536
Household income
$125,486
Rent vs Own
15.3% rent · 84.7% own
Severe rent burden
8% 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 (81%)
Race & ethnicity
White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 2%
Hispanic origin (detail)
Mexican 1% Puerto Rican 2% Cuban 1%
Common ancestry
Romanian 5% Lithuanian 3% Slovak 2%
Foreign-born
9% · Canada, Vietnam, China
Languages at home
89% English-only · Spanish 6% Other Indo-European 2% Vietnamese 2%

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

Price history

1 event — show timeline
  • 2026-03-24 Listed $327,495 Stellar MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…