4480 Ironwood Cir Unit 308A · Bradenton, FL 34209

$74,900

1 bd · 1.0 ba · 600 sqft · Condo public records · 205 Days on market

Built 1971 $486/mo HOA · 30% of rent

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Why this score? — see what drove the B- 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 +27.6/30.0
• 1% rule +10.0/10.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• 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 MLS

Adorable 1/1 condo in sought after Ironwood. Freshly painted inside and out, with neutral colors. New hot water heater and new faucets. Pay as you play golf course is across from the parking lot. Huge pool and clubhouse with many activities. This condo is 55+ and one small pet is allowed. Unit may be leased, after two years of ownership. Community laundry rooms and storage lockers on every floor. Low maintenance fee is only $270 per month and this includes water and basic cable. This is a great price and will go quickly!

Key facts

• Pool area
• Fabulous clubhouse
• Community kitchen

Tags

• IRONWOOD GOLFING COMMUNITY
• FABULOUS CLUBHOUSE
• BILLIARDS LIBRARY FITNESS ROOM
• COMMUNITY KITCHEN
• POOL AREA
• GRILL FOR RESIDENTS USE

Property features AI

Finance

• Other: Partially furnished; Buyer approval required for community
• Financial info: Total monthly fees $486; total annual fees $5,832; Lease restrictions apply
• HOA & community: Monthly condo fee of $486 (includes cable TV, internet, pool, sewer, trash, water, common area taxes, reserves, structure and grounds maintenance, management); Association approval required; Association name: Betsy Davis; Community amenities include clubhouse, pool, golf and association-owned recreation; Senior community; Pets allowed with limits (max ~25 lb; number/size limits apply)

Exterior

• Utilities: Public sewer; Cable available; BB/HS internet available; Electricity available and connected; Water available and connected; Sewer available and connected
• Home design: Condominium; Residential property; One story; Faces north; Unit on 3rd floor
• Construction: Block construction; Built-up roof; Slab foundation; Built in 4480 Ironwood First (building name)
• Exterior features: Balcony; Asphalt road access

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 1 bedroom (located on the 3rd floor)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning; Building elevator
• Interior features: Living room/dining room combo; Dining area (L-shaped)
• Laundry & utility: Laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $75k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% 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; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $518 of loan paydown is wiped out by about $2k 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 205 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $18k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 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 1971 — 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: 2.13% ✓
• Cap rate: 9.86%
• Cash-on-cash: 12.75%
• DSCR: 1.57
• GRM: 3.9

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: -3.1%
• Equity multiple: 0.89×
• Total profit: $-2,282
• Equity at exit: $11,168

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-393
• Equity at exit: $6,476

Cash invested: $20,972 (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 34209

• Rents YoY: -0.3%
• Active inventory: 510
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,596 high
• Mortgage (P&I): −$393
• Tax from tax record: −$128 /mo · $1,533/yr
• Insurance: −$31
• HOA: −$486
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $223

Break-even live

Break-even rent $1,314

Max offer price $74,900

Occupancy floor 81%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4480 Ironwood Cir Unit 213A Bradenton, FL	1.0	1.0	600	$1,425	$2.38	14d	1	0.03mi
4480 Ironwood Cir Unit 309 Bradenton, FL	1.0	1.0	600	$1,800	$3.00	23d	1	0.03mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	0.09mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	2d	1	0.09mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	0.19mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,330	$1.43	1d	27	0.33mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,325	$1.71	10d	9	0.45mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,415	$1.39	2d	32	0.46mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,200	$1.19	3d	13	0.53mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,249	$1.24	16d	15	0.53mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,200	$1.50	14d	3	0.63mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,199	$1.50	3d	2	0.63mi
4880 51st St W Bradenton, FL	1.0–4.0	1.0–3.0	1019	$1,295	$1.27	3d	11	0.77mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,465	$1.86	2d	6	0.98mi
4601 66th St W Bradenton, FL	3.0	1.0–2.0	917	$1,716	$1.87	2d	24	1.07mi
2903 63rd St W Bradenton, FL	1.0	1.0	693	$2,000	$2.89	3d	1	1.22mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$1,451	$1.47	1d	1	1.27mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$1,868	$2.08	21d	10	1.27mi
4705 27th St W Unit A Bradenton, FL	2.0	1.0	750	$1,325	$1.77	3d	1	1.35mi
2835 50th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,269	$1.49	3d	16	1.36mi
4501 71st St W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,280	$1.51	2d	28	1.46mi
4515 26th St W Bradenton, FL	1.0–2.0	1.0–2.0	806	$1,249	$1.55	1d	14	1.50mi

HOA detail condo

• Monthly dues: $486 · $5,832/yr
• Likely covers: watercablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $74,900 Active 205 DOM
2. 2026-06-17
   days on market $74,900 Active 204 DOM
3. 2026-06-16
   days on market $74,900 Active 203 DOM
4. 2026-06-15
   days on market $74,900 Active 202 DOM
5. 2026-06-13
   days on market $74,900 Active 200 DOM
6. 2026-06-13
   days on market $74,900 Active 199 DOM
7. 2026-06-10
   days on market $74,900 Active 197 DOM
8. 2026-06-09
   days on market $74,900 Active 196 DOM
9. 2026-06-08
   days on market $74,900 Active 195 DOM
10. 2026-06-08
    days on market $74,900 Active 194 DOM
11. 2026-06-03
    days on market $74,900 Active 190 DOM
12. 2026-06-02
    days on market $74,900 Active 189 DOM
13. 2026-06-01
    days on market $74,900 Active 188 DOM
14. 2026-05-31
    days on market $74,900 Active 187 DOM
15. 2026-05-06
    price $74,900
16. 2026-03-13
    price $82,000
17. 2025-11-25
    listed $92,900 Active
18. 2025-06-21
    historical
19. 2025-04-22
    status Active
20. 2025-04-21
    historical
21. 2025-03-24
    price $99,900
22. 2025-02-22
    status Active
23. 2025-02-21
    historical
24. 2024-10-31
    price $106,000
25. 2024-07-31
    price $119,900
26. 2024-06-12
    listed $129,900 Active
27. 2021-01-13
    soldstatus $68,000
28. 2021-01-12
    soldstatus $68,000 Sold 529-char remark

    Show marketing remark (529 chars)

    Adorable 1/1 condo in sought after Ironwood. Freshly painted inside and out, with neutral colors. New hot water heater and new faucets. Pay as you play golf course is across from the parking lot. Huge pool and clubhouse with many activities. This condo is 55+ and one small pet is allowed. Unit may be leased, after two years of ownership. Community laundry rooms and storage lockers on every floor. Low maintenance fee is only $270 per month and this includes water and basic cable. This is a great price and will go quickly!

29. 2020-11-25
    status Pending 529-char remark

    Show marketing remark (529 chars)

    Adorable 1/1 condo in sought after Ironwood. Freshly painted inside and out, with neutral colors. New hot water heater and new faucets. Pay as you play golf course is across from the parking lot. Huge pool and clubhouse with many activities. This condo is 55+ and one small pet is allowed. Unit may be leased, after two years of ownership. Community laundry rooms and storage lockers on every floor. Low maintenance fee is only $270 per month and this includes water and basic cable. This is a great price and will go quickly!

30. 2020-09-16
    price $69,990 529-char remark

    Show marketing remark (529 chars)

    Adorable 1/1 condo in sought after Ironwood. Freshly painted inside and out, with neutral colors. New hot water heater and new faucets. Pay as you play golf course is across from the parking lot. Huge pool and clubhouse with many activities. This condo is 55+ and one small pet is allowed. Unit may be leased, after two years of ownership. Community laundry rooms and storage lockers on every floor. Low maintenance fee is only $270 per month and this includes water and basic cable. This is a great price and will go quickly!

31. 2020-07-18
    listed $74,900 Active 529-char remark

    Show marketing remark (529 chars)

    Adorable 1/1 condo in sought after Ironwood. Freshly painted inside and out, with neutral colors. New hot water heater and new faucets. Pay as you play golf course is across from the parking lot. Huge pool and clubhouse with many activities. This condo is 55+ and one small pet is allowed. Unit may be leased, after two years of ownership. Community laundry rooms and storage lockers on every floor. Low maintenance fee is only $270 per month and this includes water and basic cable. This is a great price and will go quickly!

32. 1998-06-18
    soldstatus $36,000

ⓘ 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: $1,533 · $128/mo
• Projected year-2 tax: $1,533 · $128/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 ≥106°F today · 30 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: $19,147
• − Mortgage interest: −$4,196
• − Property taxes: −$1,533
• − Insurance: −$374
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − HOA: −$5,832
• − Depreciation: −$2,179
• Taxable income: $1,969
• Est. tax owed @ 24.0%: −$473
• After-tax cash flow: $2,200/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

• Census place: Bradenton, FL
• 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

+108.1% since first listed

18 events — show timeline

• 2026-05-06 Price Changed $74,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $82,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-25 Listed $92,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-04-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-03-24 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2025-02-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-02-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-31 Price Changed $106,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-31 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2024-06-12 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2021-01-13 Sold (Public Records) $68,000 Public Records
• 2021-01-12 Sold (MLS) $68,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-09-16 Price Changed $69,990 Stellar MLS as Distributed by MLS Grid
• 2020-07-18 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 1998-06-18 Sold (Public Records) $36,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $1,533 · -19.2% YoY. Source: county tax records.