6142 7th Ave W #6142 · Bradenton, FL 34209

$119,900

2 bd · 2.0 ba · 1,025 sqft · Condo public records · 427 Days on market

Built 1979 $745/mo HOA · 35% 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 +18.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 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

Pebble Springs TURNKEY FURNISHED condo with 2 bedrooms and 2 baths. Great balcony looks out over the heated pool. Indoor laundry with washer and dryer included. Brand new dishwasher and hot water tank. A/c installed 2018, and a brand new roof was just installed in 8/25 and the seller paid the roof assessment in full! Storage closet on balcony. This unit is in Cluster III which allows 1 pet under 15 lbs at maturity. New buyer must own for 2 years prior to renting out this unit. Minimum rental period is 2 months.

Key facts

• Corner unit
• Indoor laundry
• Heated pool

Tags

• HEATED POOL
• INDOOR LAUNDRY
• BRAND NEW HOT WATER TANK
• CORNER UNIT

Property features AI

Finance

• Financial info: Total annual association fees $8,940; Lease restrictions apply
• HOA & community: Monthly condo fee of $745; Association name: Janet Fernandez C&S Mgmt; Association amenities include clubhouse, pool, tennis courts, cable TV and maintenance; Association approval required; Community features: clubhouse, community mailbox, pool, sidewalks, tennis courts, association recreation owned; pets allowed (max 15 lbs)

Exterior

• Parking: Assigned parking; Guest parking; Reserved parking; 1-space carport
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected; Sewer connected
• Home design: Residential condominium; 2 total stories; Unit on 2nd floor; East-facing
• Construction: Block, stucco and frame construction; Shingle roof; Slab foundation
• Exterior features: Covered rear porch with screening; Balcony; Dog run; Private mailbox; Sidewalk; Sliding doors; Tennis courts

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Parquet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Central heating; Central air conditioning; Humidity control
• Interior features: Ceiling fans
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet; Inside utility room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $120k.

Deal economics

• At list price, monthly cash flow is $102 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% 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; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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).
• This rent runs 31% of the median local income ($82k/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 $829 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 427 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $60k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $83k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 427 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 1979 — 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: 1.79% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.66%
• DSCR: 1.16
• GRM: 4.7

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: -16.5%
• Equity multiple: 0.44×
• Total profit: $-18,686
• Equity at exit: $17,877

10-year hold

• IRR: -24.9%
• Equity multiple: 0.10×
• Total profit: $-30,109
• Equity at exit: $10,367

Cash invested: $33,572 (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: 4.7×

Monthly cashflow live

• Estimated rent: $2,143 high
• Mortgage (P&I): −$629
• Tax from tax record: −$167 /mo · $2,001/yr
• Insurance: −$50
• HOA: −$745
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $102

Break-even live

Break-even rent $2,013

Max offer price $119,900

Occupancy floor 90%

Sensitivity live

Price	-10% $170	-5% $136	+0% $102	+5% $68	+10% $35
Rent	-10% $-67	-5% $18	+0% $102	+5% $187	+10% $272
Rate	-1.0pp $163	-0.5pp $133	base $102	+0.5pp $71	+1.0pp $40

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6306 7th Ave W Bradenton, FL	3.0	2.0	984	$1,800	$1.83	16d	1	0.08mi
6318 7th Ave W Bradenton, FL	2.0	2.0	1025	$1,800	$1.76	24d	1	0.08mi
6318 7th Ave W Unit None Bradenton, FL	2.0	2.0	1025	$2,000	$1.95	24d	1	0.08mi
6102 7th Ave W Unit 6102 Bradenton, FL	2.0	2.0	1050	$2,600	$2.48	24d	1	0.08mi
6618 7th Ave Cir W #1404 Bradenton, FL	2.0	2.0	1440	$3,400	$2.36	24d	1	0.32mi
6448 7th Avenue Cir W Bradenton, FL	3.0	2.0	1482	$3,100	$2.09	24d	1	0.32mi
6446 7th Avenue Cir W Unit 6446 Bradenton, FL	2.0	2.0	1440	$2,400	$1.67	24d	1	0.33mi
5513 3rd Avenue Plz W Bradenton, FL	3.0	2.0	1282	$2,019	$1.57	4d	1	0.34mi
6646 7th Avenue Cir W Bradenton, FL	2.0	2.0	1440	$2,500	$1.74	24d	1	0.34mi
6652 7th Avenue Cir W Bradenton, FL	3.0	2.0	1495	$2,800	$1.87	15d	1	0.37mi
1225 56th St W Bradenton, FL	2.0	2.0	1222	$1,800	$1.47	3d	1	0.55mi
109 53rd St W Bradenton, FL	3.0	2.5	1492	$2,700	$1.81	24d	1	0.56mi
1403 56th St W Bradenton, FL	1.0	1.0	812	$1,445	$1.78	16d	1	0.60mi
5132 1st Ave W Bradenton, FL	3.0	2.0	1249	$2,500	$2.00	16d	1	0.61mi
6904 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1068	$1,678	$1.57	2d	76	0.61mi
1403 56th St W #1403 Bradenton, FL	1.0	1.0	812	$1,595	$1.96	24d	1	0.62mi
5008 Manatee Ave W Unit 1 Bradenton, FL	1.0	1.0	875	$1,000	$1.14	24d	1	0.65mi
4607 7th Ave W Bradenton, FL	3.0	1.0	1296	$1,950	$1.50	24d	1	0.91mi
7507 4th Ave W Unit 1546087P Bradenton, FL	3.0	2.0	1474	$2,258	$1.53	16d	1	0.94mi
202 46th St W Unit 207 Bradenton, FL	2.0	2.0	951	$1,800	$1.89	16d	1	0.95mi
6415 21st Ave W Bradenton, FL	1.0–2.0	1.0–2.0	1150	$1,896	$1.65	4d	5	1.00mi
6304 Pointe West Blvd Unit A309 Bradenton, FL	2.0	2.0	1042	$1,795	$1.72	11d	1	1.05mi
6914 20th Ave W Bradenton, FL	2.0	2.0	1383	$2,795	$2.02	16d	1	1.08mi
6817 11th Ave NW Bradenton, FL	3.0	2.0	1308	$3,200	$2.45	24d	1	1.08mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$2,013	$2.13	2d	6	1.27mi
3805 7th Ave W Bradenton, FL	3.0	1.0	1000	$2,200	$2.20	24d	1	1.41mi
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	4d	1	1.44mi
2914 64th St W Bradenton, FL	2.0	2.0	1135	$2,025	$1.78	24d	1	1.48mi
2724 72nd St W Unit 2010 Bradenton, FL	2.0	2.0	942	$1,950	$2.07	3d	1	1.49mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,670	$2.12	2d	6	1.50mi

HOA detail condo

• Monthly dues: $745 · $8,940/yr
• Likely covers: waterpool
• ⚠ Special-assessment mentions:

  …and hot water tank. A/c installed 2018, and a brand new roof was just installed in 8/25 and the seller paid the roof assessment in full! Storage closet on balcony. This unit is in Cluster III which allows 1 pet under 15 lbs at maturity. New buyer…

Listing history 26 events

1. 2026-06-18
   days on market $119,900 Active 427 DOM
2. 2026-06-17
   days on market $119,900 Active 426 DOM
3. 2026-06-16
   days on market $119,900 Active 425 DOM
4. 2026-06-15
   days on market $119,900 Active 424 DOM
5. 2026-06-13
   days on market $119,900 Active 422 DOM
6. 2026-06-13
   days on market $119,900 Active 421 DOM
7. 2026-06-10
   days on market $119,900 Active 419 DOM
8. 2026-06-09
   days on market $119,900 Active 418 DOM
9. 2026-06-08
   days on market $119,900 Active 417 DOM
10. 2026-06-08
    days on market $119,900 Active 416 DOM
11. 2026-06-03
    days on market $119,900 Active 412 DOM
12. 2026-06-02
    days on market $119,900 Active 411 DOM
13. 2026-06-01
    days on market $119,900 Active 410 DOM
14. 2026-05-31
    days on market $119,900 Active 409 DOM
15. 2026-04-23
    price $119,900
16. 2026-03-10
    status Active
17. 2026-03-04
    status Pending
18. 2026-02-24
    price $129,900
19. 2026-01-21
    status Active
20. 2025-12-21
    status Pending
21. 2025-07-08
    status Active
22. 2025-06-30
    historical
23. 2025-05-14
    price $139,900
24. 2025-03-03
    listed $180,000 Active
25. 2003-06-05
    soldstatus $83,000
26. 1987-06-29
    soldstatus $47,000

ⓘ 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: $2,001 · $167/mo
• Projected year-2 tax: $2,001 · $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 ≥107°F today · 31 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: $25,714
• − Mortgage interest: −$6,716
• − Property taxes: −$2,001
• − Insurance: −$600
• − Repairs & maintenance: −$2,057
• − Management: −$2,057
• − HOA: −$8,940
• − Depreciation: −$3,488
• Taxable loss: −$145
• Est. tax savings @ 24.0%: +$35
• After-tax cash flow: $1,263/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

• 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

+155.1% since first listed

12 events — show timeline

• 2026-04-23 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-24 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-14 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-03 Listed $180,000 Stellar MLS as Distributed by MLS Grid
• 2003-06-05 Sold (Public Records) $83,000 Public Records
• 1987-06-29 Sold (Public Records) $47,000 Public Records

Property tax history

+8.5%/yr

Latest (2025): $2,001 · -0.5% YoY. Source: county tax records.