3403 41st St W #19 · Bradenton, FL 34205

$79,000

2 bd · 2.0 ba · 1,015 sqft · Condo · 23 Days on market

Built 1975 Average condition $617/mo HOA · 31% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.8/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Cortez Villas, an established 55+ community in West Bradenton where mature palms line the streets, neighbors gather over shuffleboard, and the Gulf Coast lifestyle is just minutes away. This villa offers just over 1,000 square feet of single-level living with two bedrooms, two baths, and a layout full of potential. Sold strictly as-is for cash, this is an investor opportunity to bring a sturdy Florida villa back to life. Inside, you will find a flowing main living area anchored by warm hardwood floors that extend through the living room, dining area, and hallway. The kitchen retains its solid oak cabinetry with cathedral-style raised panel doors, a double-basin sink, electric ran

Key facts

• Well tended lawn
• Brick paver patio
• Solid oak cabinetry

Tags

• SINGLE LEVEL LIVING
• SOLID OAK CABINETRY
• DOUBLE BASIN SINK
• BRICK PAVER PATIO
• WELL TENDED LAWN
• HEATED SWIMMING POOL

Property features AI

Finance

• Other: Lease restrictions apply; Buyer approval required for association; Property zoning PDP; Listed as unfurnished
• Financial info: Total monthly fees reported $617; total annual fees reported $7,404; Condo fees paid monthly
• HOA & community: Has HOA (Gulf Coast Assn. Mgmt.; secondary association CVPA); Monthly condo fee $541; Association fee $76 monthly (additional association fee); Association covers cable TV, internet, insurance, pool, sewer, water, common area taxes, maintenance of structure and grounds, recreational facilities, and escrow reserves; Community amenities include clubhouse, pool, recreation facilities, deed restrictions; buyer approval required; No truck/RV/motorcycle parking; Senior community; Pets allowed with limits (number and size limits; max pet weight 15 lbs)

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Public water; Public sewer; Electricity available; Cable available; Broadband/High-speed internet available
• Home design: Condominium residential property; Fixer condition; One story; Faces south; Unit on first floor (floor 1)
• Construction: Block and stucco construction; Membrane and shingle roof; Slab foundation; Building identified as BLDG 5
• Exterior features: Patio; Exterior lighting; Rain gutters; Sliding doors; Trees and landscaped grounds; Paved road access; Located in county

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile; Wood; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Solid surface counters; Window treatments
• Laundry & utility: Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $79k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Recommended offer: $78k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.5% 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.
• Zoned schools: Robert H. Prine Elementary School (math 46% / reading 32%, grade F, #1,560 of 2,144 statewide, top 73%, 744 students, 75% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools average 70% FRL vs 51% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 52% district-wide (-22 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.4%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $1,991/mo this rent would consume 45% of the median local household income ($53k/yr) (locally 1736% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 31% 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 $77,815 (1.5% below list)

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 2.52% ✓
• Cap rate: 12.52%
• Cash-on-cash: 22.25%
• DSCR: 1.99
• GRM: 3.3

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: 9.6%
• Equity multiple: 1.36×
• Total profit: $7,890
• Equity at exit: $11,779

10-year hold

• IRR: 14.2%
• Equity multiple: 1.89×
• Total profit: $19,613
• Equity at exit: $6,830

Cash invested: $22,120 (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 34205

• Rents YoY: -2.4%
• Active inventory: 319
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,991 high
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$617
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $410

Break-even live

Break-even rent $1,472

Max offer price $79,000

Occupancy floor 74%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3806 Southern Pkwy W Bradenton, FL	3.0	2.0	1296	$2,176	$1.68	11d	1	0.38mi
4107 41st St W Bradenton, FL	3.0	2.0	1419	$3,700	$2.61	23d	1	0.41mi
4460 Fairways Blvd #606 Bradenton, FL	2.0	2.0	1256	$2,000	$1.59	15d	1	0.41mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,675	$2.16	10d	9	0.50mi
3603 Oxford Dr W Bradenton, FL	2.0	2.0	1400	$2,400	$1.71	23d	1	0.51mi
3401 50th St W Bradenton, FL	3.0	2.0	1418	$2,699	$1.90	23d	1	0.53mi
4570 Pinebrook Cir #304 Bradenton, FL	2.0	2.0	1256	$3,100	$2.47	23d	1	0.53mi
3512 32nd St W Bradenton, FL	2.0	1.0	1200	$2,100	$1.75	3d	1	0.57mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	15d	1	0.58mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	11d	1	0.58mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	23d	1	0.59mi
4110 Ironwood Cir #104 Bradenton, FL	2.0	2.0	1152	$1,800	$1.56	23d	1	0.66mi
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	23d	1	0.66mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	1d	1	0.68mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	0.68mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	0.69mi
108 Pinehurst Dr Bradenton, FL	2.0	2.0	1408	$2,500	$1.78	23d	1	0.72mi
3909 45th Ter W #106 Bradenton, FL	2.0	2.5	1429	$1,800	$1.26	15d	1	0.76mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	15d	1	0.77mi
3715 45th Ter W Bradenton, FL	2.0	2.5	1429	$1,695	$1.19	23d	1	0.84mi
3825 45th Ter W #104 Bradenton, FL	2.0	2.5	1429	$1,550	$1.08	23d	1	0.84mi
4655 46th Street Ct W #103 Bradenton, FL	2.0	2.0	1141	$600	$0.53	3d	1	0.87mi
3603 45th Ter W #101 Bradenton, FL	3.0	2.5	1200	$1,800	$1.50	3d	1	0.89mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,800	$1.94	1d	27	0.92mi
4112 Cape Vista Dr Bradenton, FL	3.0	2.0	1450	$3,495	$2.41	23d	1	0.92mi
283 Sherwood Dr Bradenton, FL	2.0	2.0	1304	$1,800	$1.38	23d	1	0.95mi
303 Springdale Dr #303 Bradenton, FL	2.0	2.0	1304	$1,999	$1.53	3d	1	0.98mi
2901 26th St W #807 Bradenton, FL	2.0	2.0	940	$1,525	$1.62	2d	1	1.00mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	23d	1	1.01mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,810	$1.78	1d	32	1.02mi
3807 16th Ave W Bradenton, FL	3.0	2.0	1491	$2,100	$1.41	23d	1	1.02mi
346 Springdale Dr Unit 346 Bradenton, FL	2.0	2.0	1304	$1,900	$1.46	23d	1	1.03mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,670	$2.12	1d	6	1.12mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	3d	13	1.13mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	15d	15	1.13mi
4109 Lake Bayshore Dr Bradenton, FL	1.0	1.0	768	$1,250	$1.63	23d	1	1.13mi
2306 30th Ave W Bradenton, FL	3.0	2.0	945	$1,700	$1.80	23d	1	1.14mi
3737 Lake Bayshore Dr Unit 213 Bradenton, FL	2.0	1.0	912	$1,150	$1.26	21d	1	1.14mi
4121 Heron Way #108 Bradenton, FL	2.0	2.0	1144	$1,340	$1.17	23d	1	1.14mi
3635 Lake Bayshore Dr Unit J410 Bradenton, FL	2.0	2.0	1144	$1,700	$1.49	23d	1	1.14mi

HOA detail condo

• Monthly dues: $617 · $7,404/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-18
   days on market $79,000 Active 23 DOM
2. 2026-06-17
   days on market $79,000 Active 22 DOM
3. 2026-06-16
   days on market $79,000 Active 21 DOM
4. 2026-06-15
   days on market $79,000 Active 20 DOM
5. 2026-06-13
   days on market $79,000 Active 18 DOM
6. 2026-06-13
   days on market $79,000 Active 17 DOM
7. 2026-06-10
   days on market $79,000 Active 15 DOM
8. 2026-06-09
   days on market $79,000 Active 14 DOM
9. 2026-06-08
   days on market $79,000 Active 13 DOM
10. 2026-06-07
    days on market $79,000 Active 12 DOM
11. 2026-06-03
    statusdays on market $79,000 Active 8 DOM
12. 2026-05-21
    status Pending
13. 2026-05-14
    listed $79,000 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 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: $23,894
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$1,912
• − Management: −$1,912
• − HOA: −$7,404
• − Depreciation: −$2,298
• Taxable income: $4,364
• Est. tax owed @ 24.0%: −$1,047
• After-tax cash flow: $3,874/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 · 12 photos

Average 55/100 Moderate rehab

This townhouse presents as a moderate renovation opportunity with average condition. It requires updates to the kitchen backsplash and exterior paint, as well as routine maintenance to the interior walls and appliances. The highest-ROI updates would be to modernize the kitchen and enhance curb appeal.

Repairs flagged

• Minor kitchen backsplash — tile appears worn
• Minor bathroom fixtures — standard fixtures
• Moderate exterior paint — white siding needs touch-up

Value-add opportunities

• Resale update kitchen backsplash — modernizes kitchen
• Resale paint interior walls — enhances curb appeal
• Resale repair exterior paint — improves curb appeal
• Both update kitchen appliances — enhances functionality and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · tile appears worn	Minor	$500–3,000
bathroom fixtures · standard fixtures	Minor	$500–3,000
exterior paint · white siding needs touch-up	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Resale update kitchen backsplash — modernizes kitchen ↑
• Resale paint interior walls — enhances curb appeal ↑
• Resale repair exterior paint — improves curb appeal ↑
• Both update kitchen appliances — enhances functionality and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 31,946
• Household income: $52,525
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1736.0

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 18% Black 10% Two or more races 9% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 4% Cuban 1%
• Common ancestry: Hispanic 2% Romanian 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 78% English-only · Spanish 14% French/Haitian/Cajun 2% German/W. Germanic 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: ▼ -310.18%
• Current HPI: 369.8239
• Rent YoY: ▼ -2.43%
• 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

2 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $79,000 Stellar MLS as Distributed by MLS Grid