4908 6th B St E · South Bradenton, FL 34203

$149,900

2 bd · 2.0 ba · 1,261 sqft · Manufactured public records · 125 Days on market

Built 1991 3,690 sqft lot Est $150k · at est. $311/mo HOA · 17% 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 +18.8/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• DSCR +5.9/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Charming 2-Bedroom, 2-Bath Mobile Home in Gulf Lake Residence Co-op. Discover this move-in-ready oasis in the 55 and over Gulf Lake Residence Co-op in West Bradenton! This well-kept two-bedroom, two-bath home offers comfort and convenience, nestled in a vibrant, pet-free community. Enjoy fantastic amenities such as a sparkling pool, tennis courts, and shuffleboard. Plus, you’re just minutes away from beautiful beaches, parks, and shopping destinations. Don’t miss this wonderful opportunity to join a welcoming community!

Key facts

• Minutes from beaches
• Move-in-ready
• Tennis courts

Tags

• GULF LAKE RESIDENCE CO-OP
• MOVE-IN-READY
• TENNIS COURTS
• SHUFFLEBOARD
• MINUTES FROM BEACHES
• MINUTES FROM PARKS

Property features AI

Finance

• Other: Furnished; Lease restrictions apply
• Financial info: Monthly HOA approx. $311.67 (total monthly fees shown); Total annual fees listed
• HOA & community: Has HOA; buyer approval required; Quarterly association fee; HOA includes cable TV, pool, escrow reserves fund, internet, grounds maintenance, management, sewer, trash, and water; Community features: clubhouse, fitness center, golf carts allowed, pool, tennis courts; Senior community; Pets not allowed; Association approval required

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Cable available
• Home design: Manufactured double-wide home; Single-story (one level); Northwest facing
• Construction: Vinyl siding and frame construction; Membrane roof; Pillar/post/pier foundation; Built as a double wide manufactured home
• Exterior features: Awnings

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat; Window treatments; 5 total rooms
• Laundry & utility: Laundry closet; Washer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 4.1% in South 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 77/100 on livability (#195 in FL, #3,092 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime D+, 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: Rents soft (-1.0%/yr); 384 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); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 30% of the median local income ($71k/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 $1k 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 125 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $100k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
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 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: 1.19% ✓
• Cap rate: 7.51%
• Cash-on-cash: 4.35%
• DSCR: 1.19
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $150,059
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4908 6th B St E	0.00mi	2/2.0	1,261 (0%)	0mo	$130,000	$103	100
4904 4th C St E	0.10mi	2/2.0	1,414 (+12%)	4mo	$195,000	$138	72
808 53rd Ave E #75	0.59mi	2/2.0	1,266 (+0%)	2mo	$149,000	$118	70
209 E 52nd Avenue Plz E	0.44mi	2/2.0	1,152 (-9%)	1mo	$165,500	$144	64
5003 4th St W	0.57mi	2/2.0	1,320 (+5%)	3mo	$120,000	$91	63
808 53rd Ave E Unit 142K	0.52mi	2/2.0	1,344 (+7%)	5mo	$160,000	$119	61
205 52nd Avenue Ter E	0.48mi	2/2.0	1,124 (-11%)	1mo	$180,000	$160	59
306 49th Ave W	0.48mi	2/2.0	1,130 (-10%)	3mo	$120,000	$106	58
808 53rd Ave E #108	0.52mi	2/2.0	1,152 (-9%)	4mo	$135,000	$117	58
808 53rd Ave E Unit 184J	0.72mi	2/2.0	1,324 (+5%)	3mo	$110,000	$83	56
4809 4th St W	0.57mi	2/2.0	1,104 (-12%)	2mo	$132,500	$120	51
808 53rd Ave E #117	0.74mi	2/2.0	1,440 (+14%)	1mo	$190,000	$132	41

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

5-year hold

• IRR: -13.5%
• Equity multiple: 0.53×
• Total profit: $-19,667
• Equity at exit: $22,351

10-year hold

• IRR: -11.5%
• Equity multiple: 0.42×
• Total profit: $-24,177
• Equity at exit: $12,961

Cash invested: $41,972 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,781 high
• Mortgage (P&I): −$786
• Tax from tax record: −$96 /mo · $1,149/yr
• Insurance: −$62
• HOA: −$311
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $152

Break-even live

Break-even rent $1,589

Max offer price $149,900

Occupancy floor 86%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
202 46th Avenue Ter W #409 Bradenton, FL	2.0	2.0	1086	$1,995	$1.84	23d	1	0.50mi
203 46th Avenue Ter W Bradenton, FL	1.0	1.0	880	$1,099	$1.25	3d	1	0.50mi
503 51st Ave W Unit 503 Bradenton, FL	3.0	2.0	882	$1,275	$1.45	23d	1	0.59mi
503 51st Ave W Bradenton, FL	3.0	2.0	882	$1,075	$1.22	11d	1	0.59mi
5323 11th Street Cir E Bradenton, FL	2.0	2.0	1303	$1,900	$1.46	23d	1	0.60mi
723 44th Ave E Unit 5 Bradenton, FL	2.0	1.5	1350	$1,650	$1.22	15d	1	0.62mi
1345 301 Blvd E Bradenton, FL	1.0–3.0	1.0–2.0	872	$1,320	$1.51	23d	9	0.64mi
4630 5th St W Ste 6 Bradenton, FL	2.0	1.0	1000	$1,600	$1.60	11d	1	0.64mi
1167 42nd Ter E Bradenton, FL	3.0	2.0	1274	$2,025	$1.59	19d	1	0.81mi
907 Fruitland Ave Bradenton, FL	3.0	2.0	1677	$2,450	$1.46	23d	1	0.82mi
808 53rd Ave E #203 Bradenton, FL	2.0	2.0	1208	$1,450	$1.20	15d	1	0.88mi
5613 8th St Ct E Bradenton, FL	3.0	2.0	1000	$1,700	$1.70	23d	1	0.89mi
716 56th Avenue Dr E Bradenton, FL	3.0	2.0	1000	$1,700	$1.70	3d	1	0.94mi
409 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,375	$1.14	10d	1	0.96mi
304 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,445	$1.20	23d	3	1.00mi
304 57th Avenue Dr E Bradenton, FL	2.0	1.5	1209	$1,362	$1.13	3d	5	1.00mi
5502 8th Street Ct W Bradenton, FL	2.0	2.0	896	$1,595	$1.78	23d	1	1.01mi
408 57th Avenue Dr E Unit A Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	10d	1	1.01mi
408 57th Avenue Dr E Apt E Bradenton, FL	2.0	1.5	1209	$1,375	$1.14	11d	1	1.01mi
312 57th Avenue Dr E Unit B Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	2d	1	1.01mi
308 57th Avenue Dr E Unit B Bradenton, FL	2.0	1.5	1209	$1,350	$1.12	3d	1	1.02mi
350 34th Avenue Dr E Bradenton, FL	1.0–3.0	1.0–2.0	893	$1,335	$1.49	1d	6	1.02mi
5580 Fountain Lake Cir Bradenton, FL	1.0–3.0	1.0–2.0	1052	$1,908	$1.81	1d	38	1.04mi
1011 57th Avenue Ter E Bradenton, FL	3.0	3.0	1872	$2,195	$1.17	11d	1	1.06mi
5828 3rd St E Bradenton, FL	3.0	2.0	1036	$1,995	$1.93	23d	1	1.13mi
5719 14th St E Bradenton, FL	1.0	1.0	978	$1,425	$1.46	2d	1	1.18mi
390 301 Blvd W Bradenton, FL	2.0	2.0	1125	$1,495	$1.33	23d	1	1.28mi
1007 57th Ave W Bradenton, FL	2.0	1.5	967	$1,495	$1.55	10d	1	1.28mi
2129 49th Ave E Bradenton, FL	3.0	2.0	1370	$2,245	$1.64	2d	1	1.31mi
1109 59th Avenue Cir E Unit 1109 Bradenton, FL	3.0	2.0	945	$1,795	$1.90	23d	1	1.33mi
4916 18th St W Unit B Bradenton, FL	2.0	2.0	1170	$1,650	$1.41	23d	1	1.37mi
505 30th Ave W Unit E406 Bradenton, FL	2.0	2.0	1001	$1,450	$1.45	23d	1	1.39mi
305 30th Ave W Bradenton, FL	1.0–2.0	1.5–2.0	987	$1,400	$1.42	23d	2	1.40mi
305 30th Ave W Unit A207 Bradenton, FL	2.0	2.0	1050	$1,400	$1.33	14d	1	1.40mi
425 30th Ave W Unit C308 Bradenton, FL	2.0	2.0	924	$1,590	$1.72	23d	1	1.41mi
907 34th Ave W Bradenton, FL	3.0	1.0	985	$1,599	$1.62	19d	1	1.41mi
907 34th Ave W Unit B Bradenton, FL	3.0	1.0	1000	$1,795	$1.79	23d	1	1.41mi
515 30th Ave W Bradenton, FL	2.0	2.0	1001	$1,375	$1.37	15d	2	1.43mi
919 34th Ave W Bradenton, FL	3.0	1.0	950	$1,599	$1.68	11d	1	1.43mi
2004 49th Ave W Unit 2002 Bradenton, FL	2.0	2.0	1021	$1,950	$1.91	23d	1	1.50mi

HOA detail

• Monthly dues: $311 · $3,732/yr
• Likely covers: pool

Listing history 8 events

1. 2026-05-23
   status Pending
2. 2026-03-24
   price $149,900
3. 2026-02-13
   price $174,900
4. 2026-01-17
   listed $178,900 Active
5. 2015-04-20
   soldstatus $100,000
6. 1997-03-05
   soldstatus $69,000
7. 1991-05-17
   soldstatus $20,000
8. 1987-03-30
   soldstatus $14,000,000

ⓘ 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: $1,149 · $96/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$95/yr (+$8/mo · 8.3%)

ⓘ 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 6 d/yr ≥107°F today · 23 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: $21,377
• − Mortgage interest: −$8,397
• − Property taxes: −$1,149
• − Insurance: −$750
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − HOA: −$3,732
• − Depreciation: −$4,361
• Taxable loss: −$431
• Est. tax savings @ 24.0%: +$103
• After-tax cash flow: $1,928/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 — South Bradenton

• Score: 77/100
• State rank: #195
• US rank: #3092

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Manatee County · 416,364 people
• 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

-98.9% since first listed

8 events — show timeline

• 2026-05-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Listed $178,900 Stellar MLS as Distributed by MLS Grid
• 2015-04-20 Sold (Public Records) $100,000 Public Records
• 1997-03-05 Sold (Public Records) $69,000 Public Records
• 1991-05-17 Sold (Public Records) $20,000 Public Records
• 1987-03-30 Sold (Public Records) $14,000,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,149 · +4.7% YoY. Source: county tax records.