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20535 Trout Ter 🏗️ New Construction
F Composite 23.44
Why this score? — see what drove the F 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 +7.5/15.0
  • Schools +6.9/10.0
  • Condition / age +4.0/5.0
  • Livability +2.5/5.0
  • Cash flow +1.4/30.0
  • Rent growth +1.2/5.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$434,998

20535 Trout Ter · Lakewood Ranch, FL 34211
3 bd · 2.0 ba · 1,417 sqft · SingleFamily · 29 Days on market
Built 2026 Good condition 5,000 sqft lot 2-car garage $525/mo HOA · 18% of rent

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

Listing remarks MLS

Golf membership included! Step inside this beautifully designed 1,417 square foot home and discover single-story living that perfectly blends style and convenience. The open-concept layout features a stunning kitchen with quartz countertops, a new stainless steel gas range and designer cabinetry, all flowing seamlessly into the elegant dining and spacious living areas. Enjoy effortless indoor-outdoor living with a nearby lanai, ideal for year-round relaxation. Three private bedrooms are thoughtfully tucked away, including a luxurious owner's suite with a spa-inspired walk-in shower and a generous walk-in closet. Energy-efficient touches like a Honeywell Home T6 Pro Wifi smart thermostat, Ring Video Doorbell Pro and hurricane impact windows offer peace of mind and modern comfort. The 2-car garage features a hurricane-rated door and keyless entry for added security. With so many sought-after features and a layout designed for today's lifestyles, this home is sure to attract attention-act now before it's gone!

Key facts

  • Elegant dining room
  • Gorgeous kitchen
  • 5,000 sq ft lot

Tags

GORGEOUS KITCHENELEGANT DINING ROOMCOMFORTABLE LIVING ROOMYEAR-ROUND OUTDOOR ENJOYMENTLUXURIOUS OWNERS SUITESPA INSPIRED BATHROOM

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction. The $434,998 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $607,743.

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $435k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-2k ($-29k/yr) — negative.
  • To cash-flow at today's rent, offer at most $258k (40.6% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $293k (32.7% below list).
  • Recommended offer: $258k (40.6% below list) — sets the bar for cash-flow.
  • Cap rate 1.5% vs local median 2.9% in Lakewood Ranch — 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: area grade F — 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.
  • Zoned schools: B.D. Gullett Elementary School (math 78% / reading 73%, grade A, #211 of 2,144 statewide, top 10%, 1,121 students, 20% FRL); R. Dan Nolan Middle School (math 79% / reading 72%, grade A, #38 of 571 statewide, top 7%, 760 students, 28% FRL); Lakewood Ranch High School (math 47% / reading 63%, grade C, #135 of 667 statewide, top 20%, 2,435 students, 22% FRL) — zoned schools average 23% FRL vs 51% district-wide (27 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 69% at this address vs 52% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Manatee average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents falling (-5.2%/yr); 1554 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 82d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k 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 29 days — a 2% lower offer ($428k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Recommended offer $258,498 (40.6% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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.
  6. 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.
  7. 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
0.48%
Cap rate
1.53%
Cash-on-cash
-17.02%
DSCR
0.24
GRM
17.3

CMA / ARV

ARV (median comp)
$607,743
List price
$434,998
Delta
-28.42%
Verdict
UNDERPRICED
Comps
2 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
18917 Scallop Loop #106 1.12mi 2/2.0 (-1) 1,366 (-4%) 1mo $385,997 $283 53
19110 Scallop Loop #101 1.04mi 2/2.0 (-1) 1,300 (-8%) 1mo $290,000 $223 46
18917 Scallop Loop #207 1.01mi 2/2.0 (-1) 1,569 (+11%) 1mo $330,000 $210 41
19227 Cherrystone Way #101 1.20mi 3/2.0 1,741 (+23%) 1mo $430,000 $247 39
19234 Cherrystone Way #101 1.20mi 3/2.0 1,741 (+23%) 1mo $505,000 $290 39
18325 Fattoria Ter 1.44mi 3/2.0 1,672 (+18%) 1mo $369,000 $221 39
19110 Scallop Loop #302 0.70mi 2/2.0 (-1) 1,154 (-19%) 1mo $290,000 $251 36
19110 Scallop Loop #202 1.04mi 2/2.0 (-1) 1,154 (-19%) 1mo $290,000 $251 34
19110 Scallop Loop #405 1.04mi 2/2.0 (-1) 1,154 (-19%) 1mo $315,000 $273 34
19110 Scallop Loop #206 1.04mi 2/2.0 (-1) 1,154 (-19%) 1mo $290,000 $251 34
19110 Scallop Loop #303 1.04mi 2/2.0 (-1) 1,154 (-19%) 1mo $290,000 $251 34
19019 Indian Rock Pl 1.41mi 2/2.0 (-1) 1,655 (+17%) 1mo $503,000 $304 34

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
-53.6%
Equity multiple
-0.53×
Total profit
$-260,408
Equity at exit
$90,616
10-year hold
IRR
Equity multiple
-1.68×
Total profit
$-456,346
Equity at exit
$52,546

Cash invested: $170,168 (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
0 active · 1 under contract

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

ZIP-level market 34211

Home prices YoY
-27.5%
Rents YoY
-5.2%
Active inventory
1554
Price-to-rent
12.4×

Monthly cashflow live

Estimated rent
$2,926 high interval (Pro) →
Mortgage (P&I)
$3,187
Tax est. 1.5%
$760 /mo · $9,116/yr
Insurance
$253
HOA
$525
Vacancy / Maint / Mgmt
$614
Net cashflow
$-2,414

Break-even live

Break-even rent $5,981
Max offer price $258,498
Occupancy floor

Sensitivity live

Price -10% $-1,994 -5% $-2,204 +0% $-2,414 +5% $-2,624 +10% $-2,834
Rent -10% $-2,645 -5% $-2,529 +0% $-2,414 +5% $-2,298 +10% $-2,182
Rate -1.0pp $-2,107 -0.5pp $-2,259 base $-2,414 +0.5pp $-2,571 +1.0pp $-2,731

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
$151,936
Closing costs
$18,232
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 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
19140 Scallop Loop Bradenton, FL 2.0 2.0 1154 $2,200 $1.91 9d 1 1.02mi
19140 Scallop Loop Unit 308 Bradenton, FL 2.0 2.0 1301 $2,800 $2.15 119d 1 1.02mi
19140 Scallop Loop Unit 401 Bradenton, FL 2.0 2.0 1107 $2,000 $1.81 119d 1 1.02mi
19140 Scallop Loop Unit 102 Bradenton, FL 2.0 2.0 1154 $2,750 $2.38 99d 1 1.02mi
18923 Scallop Loop Bradenton, FL 2.0 2.0 1355 $2,500 $1.85 9d 1 1.03mi
19116 Scallop Loop #303 Bradenton, FL 2.0 2.0 1120 $2,495 $2.23 82d 1 1.05mi
19116 Scallop Loop Unit 301 Bradenton, FL 3.0 2.0 1301 $2,300 $1.77 9d 1 1.05mi
19116 Scallop Loop #207 Bradenton, FL 2.0 2.0 1154 $3,500 $3.03 9d 1 1.05mi
19116 Scallop Loop Unit 203 Bradenton, FL 2.0 2.0 1154 $2,195 $1.90 119d 1 1.05mi
19116 Scallop Loop #104 Bradenton, FL 2.0 2.0 1120 $2,500 $2.23 7d 1 1.05mi
19116 Scallop Loop Unit 403 Bradenton, FL 2.0 2.0 1120 $2,500 $2.23 111d 1 1.05mi
19110 Scallop Loop Bradenton, FL 2.0 2.0 1154 $2,500 $2.17 82d 1 1.05mi
19116 Scallop Loop #303 Bradenton, FL 2.0 2.0 1154 $2,595 $2.25 74d 1 1.05mi
19116 Scallop Loop #303 Bradenton, FL 2.0 2.0 1154 $2,200 $1.91 71d 1 1.05mi
19007 Scallop Loop Unit 204 Bradenton, FL 2.0 2.0 1366 $2,400 $1.76 111d 1 1.12mi
19015 Scallop Loop Unit 7118 Lakewood Ranch, FL 2.0 2.0 1569 $6,000 $3.82 119d 1 1.13mi
18923 Scallop Loop #205 Bradenton, FL 2.0 2.0 1366 $2,400 $1.76 9d 1 1.13mi
18923 Scallop Loop #105 Bradenton, FL 2.0 2.0 1366 $2,400 $1.76 65d 1 1.13mi
18923 Scallop Loop #206 Bradenton, FL 2.0 2.0 1366 $4,000 $2.93 9d 1 1.13mi
18923 Scallop Loop #104 Bradenton, FL 2.0 2.0 1366 $2,400 $1.76 80d 1 1.13mi
19214 Cherrystone Way Unit 104 Bradenton, FL 3.0 2.0 1750 $4,000 $2.29 9d 1 1.19mi
18117 Gawthrop Dr #104 Bradenton, FL 3.0 2.0 1786 $4,000 $2.24 119d 1 1.46mi
18114 Gawthrop Dr Bradenton, FL 2.0–3.0 2.0 1310 $7,000 $5.34 82d 4 1.48mi
18114 Gawthrop Dr Bradenton, FL 2.0–3.0 2.0 1300 $7,000 $5.38 119d 5 1.48mi

Property features AI

Finance

Other
Deed-restricted community
Financial info
Total monthly fees: $525.83Total annual fees: $6,310Other annual assessment amount: $3,007Lease restrictions apply
HOA & community
Has HOA (ICON Management and Calusa Country Club Master Association)Monthly HOA component listed (monthly HOA amount: 133.33)Quarterly association fee ($400)Additional quarterly association fee ($990)Association fee includes common area taxes, pool, internet, grounds maintenance, management, recreational facilitiesAssociation approval requiredCommunity amenities: Clubhouse, fitness center, pool, tennis courts, pickleball courts, golf course, recreation facilities, community mailbox, sidewalks, street lightsPets allowedIrrigation with reclaimed water

Exterior

Parking
Attached 2-car garage
Security
Gated communityCommunity security
Utilities
Public waterPublic sewerElectricity available and connectedCable available and connectedBB/HS internet availableUnderground utilitiesSprinkler meter with recycled irrigation
Home design
Residential villaOne storyUnder construction (projected completion: 2026-10-16)South-facing
Construction
Block, concrete and stucco constructionTile roofSlab foundationNew constructionBuilt by Lennar (Magnolia model)
Exterior features
Rear screened porchSidewalkTennis court(s)Landscaped yardPaved lot

Interior

Kitchen
DishwasherDisposalFreezerIce makerMicrowaveRange
Bedrooms
3 bedrooms
Flooring
CarpetTile
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (electric)Central air conditioning
Interior features
Eat-in kitchenKitchen/family room comboLiving room/dining room comboOpen floorplanSplit bedroom layoutThermostatWalk-in closet(s)Window treatments
Laundry & utility
WasherDryerInside laundry roomElectric water heaterExhaust fan

HOA detail $525/mo · $6,300/yr

Likely covers
gasinternetsecurity

Listing history 50 events

  1. 2026-09-23
    days on market $434,998 Active 29 DOM
  2. 2026-09-22
    days on market $434,998 Active 28 DOM
  3. 2026-09-21
    days on market $434,998 Active 27 DOM
  4. 2026-09-20
    days on market $434,998 Active 26 DOM
  5. 2026-09-19
    days on market $434,998 Active 25 DOM
  6. 2026-09-18
    days on market $434,998 Active 24 DOM
  7. 2026-09-17
    days on market $434,998 Active 23 DOM
  8. 2026-09-16
    days on market $434,998 Active 22 DOM
  9. 2026-09-15
    days on market $434,998 Active 21 DOM
  10. 2026-09-14
    days on market $434,998 Active 20 DOM
  11. 2026-09-13
    days on market $434,998 Active 19 DOM
  12. 2026-09-12
    days on market $434,998 Active 18 DOM
  13. 2026-09-11
    days on market $434,998 Active 17 DOM
  14. 2026-09-05
    days on market $434,998 Active 11 DOM
  15. 2026-09-04
    days on market $434,998 Active 10 DOM
  16. 2026-09-03
    days on market $434,998 Active 9 DOM
  17. 2026-08-31
    days on market $434,998 Active 6 DOM
  18. 2026-08-30
    days on market $434,998 Active 5 DOM
  19. 2026-08-29
    days on market $434,998 Active 4 DOM
  20. 2026-08-28
    days on market $434,998 Active 3 DOM
  21. 2026-08-27
    days on market $434,998 Active 2 DOM
  22. 2026-08-25
    days on marketlisting id $434,998 Active 1 DOM
  23. 2026-08-25
    days on market $434,998 Active 76 DOM
  24. 2026-08-24
    days on market $434,998 Active 75 DOM
  25. 2026-08-23
    days on market $434,998 Active 74 DOM
  26. 2026-08-22
    days on market $434,998 Active 73 DOM
  27. 2026-08-21
    days on market $434,998 Active 72 DOM
  28. 2026-08-20
    days on market $434,998 Active 71 DOM
  29. 2026-08-19
    days on market $434,998 Active 70 DOM
  30. 2026-08-18
    days on market $434,998 Active 69 DOM
  31. 2026-08-17
    days on market $434,998 Active 68 DOM
  32. 2026-08-16
    days on market $434,998 Active 67 DOM
  33. 2026-08-15
    days on market $434,998 Active 66 DOM
  34. 2026-08-14
    days on market $434,998 Active 65 DOM
  35. 2026-08-13
    days on market $434,998 Active 64 DOM
  36. 2026-08-12
    days on market $434,998 Active 63 DOM
  37. 2026-08-11
    days on market $434,998 Active 62 DOM
  38. 2026-08-10
    days on market $434,998 Active 61 DOM
  39. 2026-08-09
    days on market $434,998 Active 60 DOM
  40. 2026-08-08
    days on market $434,998 Active 59 DOM
  41. 2026-08-07
    days on market $434,998 Active 58 DOM
  42. 2026-08-06
    days on market $434,998 Active 57 DOM
  43. 2026-08-05
    days on market $434,998 Active 56 DOM
  44. 2026-08-04
    days on market $434,998 Active 55 DOM
  45. 2026-08-03
    days on market $434,998 Active 54 DOM
  46. 2026-07-31
    days on market $434,998 Active 51 DOM
  47. 2026-07-30
    days on market $434,998 Active 49 DOM
  48. 2026-07-28
    days on market $434,998 Active 48 DOM
  49. 2026-07-24
    days on market $434,998 Active 44 DOM
  50. 2026-07-23
    days on market $434,998 Active 43 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$35,110
− Mortgage interest
−$34,043
− Property taxes
−$9,116
− Insurance
−$3,039
− Repairs & maintenance
−$2,809
− Management
−$2,809
− HOA
−$6,300
− Depreciation
−$17,680
Taxable loss
−$40,685
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$9,764
After-tax cash flow
$-19,198/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 80/100 Cosmetic rehab Est. rehab $7,085–$21,255 screening

This single-story townhouse is in excellent condition with modern amenities and a well-maintained exterior. It's ready for immediate move-in and would benefit from some landscaping and smart home integration to further enhance its value.

Value-add opportunities

  • Both landscaping — enhances curb appeal and value
  • Both smart home integration — increases convenience and marketability

ⓘ 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 69/100

Zoned Schools

Elementary B.d. Gullett Elementary School A FL #211/2,144 Nat'l #2,011/41,679 Middle R. Dan Nolan Middle School A FL #38/571 Nat'l #472/14,009 High Lakewood Ranch High School C FL #135/667 Nat'l #4,413/17,239

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

Livability — Lakewood Ranch

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

Census & demographics

County
Manatee County · 447,342 people
City population
52,177
Metro
North Port-Sarasota-Bradenton, FL
Population (ZIP)
24,980
Household income
$119,911
Rent vs Own
21.7% rent · 78.3% own
Severe rent burden
10% 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 11% Two or more races 10% Asian 3% Black 2% Native American 2%
Hispanic origin (detail)
Mexican 2% Puerto Rican 3% Cuban 3%
Common ancestry
Lithuanian 5% Romanian 3% Scotch-Irish 2%
Foreign-born
16% · Canada, Jamaica, China
Languages at home
81% English-only · Spanish 10% Other Indo-European 3% Russian/Polish/Slavic 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

+0.0% since first listed
2 events — show timeline
  • 2026-08-25 Listed $434,998 Stellar MLS as Distributed by MLS Grid
  • 2026-06-10 Listed $434,998 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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