247 Palm Ln · Palmetto, FL 34221

$95,000

2 bd · 1.0 ba · 564 sqft · Manufactured public records · 227 Days on market

Built 1967 2,766 sqft lot Est $77k · 24% over $195/mo HOA · 12% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Fully furnished. Sold turnkey — just pack your bag! This barely-used seasonal home is truly move-in ready and in MINT condition. Featuring 2 bedrooms, 1 bath, central heat & air, and rare parking for 2 cars, this immaculate property offers comfort and ease from day one. Recent upgrades include a new roof, providing added peace of mind. Home includes a stackable washer/dryer. High and dry! Located in a desirable 55+ socially active waterfront community on the Manatee River with direct Gulf access, you’ll enjoy Florida living at its finest. Low HOA fee of $195/month with optional amenities including boat dock rental ($300/yr) and boat/trailer storage ($300/yr). Community

Key facts

• Direct gulf access
• Waterfront community
• Move in ready

Tags

• TURNKEY
• MOVE IN READY
• NEW ROOF
• STACKABLE WASHER DRYER
• WATERFRONT COMMUNITY
• DIRECT GULF ACCESS

Property features AI

Finance

• Other: Community features include buyer approval required, golf carts OK, park
• Financial info: Total monthly fees $195; Total annual fees $2,340; Lease restrictions apply
• HOA & community: Located in Jet mobile home park; Monthly association fee $195 (required); Association requires approval; Association amenities include clubhouse, pool, recreation facilities, shuffleboard court, laundry, maintenance, storage, private road, community mailbox; fee covers pool, grounds maintenance, management, private road, recreational facilities, sewer, trash, water; Turnkey/furnished; Senior community; Pets not allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Broadband/High-speed internet available; Cable available; Electricity connected; Phone available; Sewer connected; Water connected
• Home design: Residential mobile home (single wide); Multi/split levels; Faces north
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built in approximately 1128 total building area (public records)
• Exterior features: Awnings; Storage; Water access to Intracoastal Waterway and Manatee River; Sailboat-capable water access; Asphalt road access; Private and public maintained road access

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Kitchen and family room combined; Open floorplan; Thermostat; Window treatments (blinds, shades)
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry in a laundry closet; Inside utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $65 ($778/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 2.0% in Palmetto — 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 72/100 on livability (#346 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, 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 (-3.0%/yr); 1160 active listings in the ZIP; 8 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k 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 227 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $22k; list at $95k implies a 322% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 227 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 F 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 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: 1.75% ✓
• Cap rate: 12.50%
• Cash-on-cash: 22.17%
• DSCR: 1.99
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $76,704
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
171 4th St W	0.09mi	1/1.0 (-1)	552 (-2%)	1mo	$75,000	$136	86
267 Melody Ln	0.05mi	1/1.0 (-1)	552 (-2%)	5mo	$55,000	$100	85

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: -17.7%
• Equity multiple: 0.41×
• Total profit: $-15,745
• Equity at exit: $14,165

10-year hold

• IRR: -28.2%
• Equity multiple: 0.04×
• Total profit: $-25,628
• Equity at exit: $8,214

Cash invested: $26,600 (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 34221

• Rents YoY: -3.0%
• Active inventory: 1160
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,661 high
• Mortgage (P&I): −$498
• Tax from tax record: −$88 /mo · $1,055/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$195
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $65

Break-even live

Break-even rent $1,579

Max offer price $95,000

Occupancy floor 91%

Sensitivity live

Price	-10% $119	-5% $92	+0% $65	+5% $38	+10% $11
Rent	-10% $-66	-5% $-1	+0% $65	+5% $130	+10% $196
Rate	-1.0pp $113	-0.5pp $89	base $65	+0.5pp $40	+1.0pp $15

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
522 7th Ave W Unit 3 Palmetto, FL	1.0	1.0	535	$1,195	$2.23	24d	1	0.34mi
507 10th Ave W Palmetto, FL	2.0	1.0	737	$1,495	$2.03	17d	1	0.61mi
516 12th St W Unit A Palmetto, FL	2.0	1.0	612	$1,350	$2.21	17d	1	0.68mi
518 12th St W Palmetto, FL	2.0	1.0	612	$1,350	$2.21	17d	1	0.68mi
210 3rd St W Bradenton, FL	1.0–3.0	1.0–2.0	1094	$1,954	$1.79	2d	1	1.04mi
606 3rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1090	$1,768	$1.62	3d	23	1.12mi
102 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1035	$1,962	$1.90	3d	14	1.29mi
900 21st St E Palmetto, FL	2.0–3.0	1.0	800	$1,495	$1.87	24d	1	1.44mi

HOA detail

• Monthly dues: $195 · $2,340/yr
• Likely covers: water

Listing history 21 events

1. 2026-06-18
   days on market $95,000 Active 227 DOM
2. 2026-06-17
   days on market $95,000 Active 226 DOM
3. 2026-06-16
   days on market $95,000 Active 225 DOM
4. 2026-06-15
   days on market $95,000 Active 224 DOM
5. 2026-06-13
   days on market $95,000 Active 222 DOM
6. 2026-06-13
   days on market $95,000 Active 221 DOM
7. 2026-06-10
   days on market $95,000 Active 219 DOM
8. 2026-06-09
   days on market $95,000 Active 218 DOM
9. 2026-06-08
   days on market $95,000 Active 217 DOM
10. 2026-06-08
    days on market $95,000 Active 216 DOM
11. 2026-06-03
    days on market $95,000 Active 212 DOM
12. 2026-06-02
    days on market $95,000 Active 211 DOM
13. 2026-06-01
    days on market $95,000 Active 210 DOM
14. 2026-05-31
    days on market $95,000 Active 209 DOM
15. 2026-03-02
    price $95,000
16. 2026-02-23
    price $97,000
17. 2026-01-17
    price $99,000
18. 2026-01-07
    price $104,000
19. 2025-12-04
    price $109,000
20. 2025-11-03
    listed $110,000 Active
21. 2003-07-25
    soldstatus $22,500

ⓘ 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: $1,055 · $88/mo
• Projected year-2 tax: $1,055 · $88/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $19,930
• − Mortgage interest: −$5,321
• − Property taxes: −$1,055
• − Insurance: −$5,594
• − Repairs & maintenance: −$1,594
• − Management: −$1,594
• − HOA: −$2,340
• − Depreciation: −$2,764
• Taxable loss: −$333
• Est. tax savings @ 24.0%: +$80
• After-tax cash flow: $858/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 — Palmetto

• Score: 72/100
• State rank: #346
• US rank: #5695

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmetto, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 56,208
• Household income: $77,712
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 1193.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 59% Hispanic / Latino 22% Black 14% Two or more races 11%
• Hispanic origin (detail): Mexican 14% Puerto Rican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, Dominican Republic, Jamaica
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -383.53%
• Current HPI: 302.1458
• Rent YoY: ▼ -2.98%
• 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

+322.2% since first listed

7 events — show timeline

• 2026-03-02 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $97,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-07 Price Changed $104,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-04 Price Changed $109,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-03 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2003-07-25 Sold (Public Records) $22,500 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,055 · +4.3% YoY. Source: county tax records.