504 49th C Avenue Dr E · South Bradenton, FL 34203

$114,500

2 bd · 1.5 ba · 672 sqft · Manufactured public records · 224 Days on market

Built 1969 $337/mo HOA

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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 +25.1/30.0
• 1% rule +10.0/10.0
• DSCR +8.2/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Now at a new, improved price. Your Florida lifestyle just became even more affordable. This beautifully updated 2 bedroom, 2 bathroom turnkey furnished mobile home in the highly sought after Golf Lakes Cooperative Community is now priced to sell. With major upgrades already completed, this home offers exceptional value in one of the area’s most desirable 55 plus communities. Recent improvements include a new roof in 2024 with transferable warranty, new kitchen cabinets with soft close doors and drawers and a lazy Susan, new hot water heater in 2023, and a new guest bath vanity with updated countertops in both the kitchen and guest bath. Every detail has been thoughtfully refreshed so

Key facts

• Covered carport
• New hot water heater
• Screened lanai

Tags

• NEW ROOF
• NEW KITCHEN CABINETS
• NEW HOT WATER HEATER
• NEW GUEST BATH VANITY
• SCREENED LANAI
• COVERED CARPORT

Property features AI

Finance

• Other: Turnkey furnished; Total acreage: under 1/4 acre (approx. 0.09 acres); Paved road frontage; Water view: Pond
• Financial info: Lease restrictions apply
• HOA & community: Has HOA; monthly fee $337.90 (quarterly association fee $1,013.71); Association requires approval and fees are required; Association amenities: Clubhouse, Fitness Center, Gated community, Golf Course access, Laundry, Pickleball courts, Pool, Recreational facilities, Shuffleboard, Tennis courts; Community features: Buyer approval required, Clubhouse, Fitness Center, Golf carts allowed, Golf, Pool, Sidewalks, Tennis courts; Senior community; On-site property manager; Pets not allowed

Exterior

• Parking: Covered parking; Carport (1 space)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Mobile home (Single Wide); One story; Faces south; Residential property
• Construction: Vinyl siding; Membrane roof; Estimated living area 880 sq ft
• Exterior features: Awning(s); Sliding doors; Exterior storage; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Stone counters; Eat-in kitchen
• Bedrooms: 2 bedrooms (one-level home)
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Open floor plan; Split bedroom layout; Stone countertops; Thermostat; Window treatments
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry features: Other

🏢 Co-op / cooperative unit. The $114,500 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $114k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.1% in South 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 77/100 on livability (#195 in FL, #3,092 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime D+, 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 (-1.0%/yr); 384 active listings in the ZIP; 12 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $792 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 224 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 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 1969 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.52% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.49%
• DSCR: 1.42
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $81,312
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 52nd Avenue Ter E	0.36mi	2/2.0	728 (+8%)	1mo	$170,000	$234	66
214 52nd Avenue Dr W	0.49mi	3/1.5 (+1)	728 (+8%)	3mo	$87,900	$121	56
108 50th Avenue Dr W	0.34mi	1/1.0 (-1)	612 (-9%)	10mo	$30,000	$49	54
808 53rd Ave E Unit 226L	0.42mi	2/1.5	768 (+14%)	10mo	$128,750	$168	49
403 51st Avenue Dr W	0.50mi	1/1.0 (-1)	740 (+10%)	8mo	$37,000	$50	46
719 50th Avenue Ter W	0.73mi	2/1.5	770 (+15%)	3mo	$95,000	$123	39
718 50th Avenue Dr W	0.72mi	1/2.0 (-1)	724 (+8%)	10mo	$49,000	$68	39
4111 Palmwood	0.74mi	1/2.0 (-1)	572 (-15%)	19mo	$16,500	$29	18

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: -6.4%
• Equity multiple: 0.77×
• Total profit: $-7,290
• Equity at exit: $17,072

10-year hold

• IRR: -2.5%
• Equity multiple: 0.86×
• Total profit: $-4,376
• Equity at exit: $9,900

Cash invested: $32,060 (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 34203

• Home prices YoY: -24.5%
• Rents YoY: -1.0%
• Active inventory: 384
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,744 high
• Mortgage (P&I): −$600
• Tax from tax record: −$139 /mo · $1,673/yr
• Insurance: −$48
• HOA: −$337
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $253

Break-even live

Break-even rent $1,423

Max offer price $114,500

Occupancy floor 80%

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: $28,625
• Closing costs: $3,435
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4903 2nd B St E Bradenton, FL	2.0	2.0	624	$2,400	$3.85	23d	1	0.25mi
110 52nd Avenue Ter E Bradenton, FL	2.0	1.5	684	$1,450	$2.12	23d	1	0.42mi
205 52nd Avenue Dr W Bradenton, FL	1.0	1.0	528	$1,200	$2.27	23d	1	0.47mi
304 47th Avenue Dr W #112 Bradenton, FL	1.0	1.0	725	$1,200	$1.66	23d	1	0.61mi
1345 301 Blvd E Bradenton, FL	1.0–3.0	1.0–2.0	872	$1,320	$1.51	23d	9	0.66mi
4507 3rd Street Cir W #280 Bradenton, FL	1.0	1.0	660	$1,300	$1.97	16d	1	0.66mi
707 50th Ave W Bradenton, FL	2.0	1.0	730	$1,150	$1.58	23d	1	0.71mi
915 50th Avenue Plz W Bradenton, FL	2.0	1.0	700	$1,200	$1.71	23d	1	0.86mi
350 34th Avenue Dr E Bradenton, FL	1.0–3.0	1.0–2.0	893	$1,335	$1.49	1d	6	1.09mi
616 33rd Ave E Bradenton, FL	2.0	2.0	750	$1,600	$2.13	23d	1	1.21mi
5531 16th St W Unit 5537 Bradenton, FL	2.0	1.0	750	$1,650	$2.20	3d	1	1.42mi
1308 36th Ave W Bradenton, FL	1.0	1.0	715	$1,199	$1.68	23d	1	1.49mi

HOA detail

• Monthly dues: $337 · $4,044/yr
• Likely covers: water

Listing history 23 events

1. 2026-06-18
   days on market $114,500 Active 224 DOM
2. 2026-06-17
   days on market $114,500 Active 223 DOM
3. 2026-06-16
   days on market $114,500 Active 222 DOM
4. 2026-06-15
   days on market $114,500 Active 221 DOM
5. 2026-06-13
   days on market $114,500 Active 219 DOM
6. 2026-06-13
   days on market $114,500 Active 218 DOM
7. 2026-06-10
   days on market $114,500 Active 216 DOM
8. 2026-06-09
   days on market $114,500 Active 215 DOM
9. 2026-06-08
   days on market $114,500 Active 214 DOM
10. 2026-06-08
    days on market $114,500 Active 213 DOM
11. 2026-06-03
    days on market $114,500 Active 209 DOM
12. 2026-06-02
    days on market $114,500 Active 208 DOM
13. 2026-06-01
    days on market $114,500 Active 207 DOM
14. 2026-05-31
    days on market $114,500 Active 206 DOM
15. 2026-03-28
    price $114,500
16. 2026-02-11
    price $119,000
17. 2025-11-06
    listed $125,000 Active
18. 2023-04-03
    soldstatus $125,000
19. 2020-01-17
    soldstatus $50,000
20. 2015-06-03
    soldstatus $50,000
21. 1998-06-05
    soldstatus $51,900
22. 1991-06-03
    soldstatus $35,000
23. 1987-03-30
    soldstatus $14,000,000

ⓘ 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: $1,673 · $139/mo
• Projected year-2 tax: $1,673 · $139/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 6 d/yr ≥107°F today · 25 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: $20,932
• − Mortgage interest: −$6,414
• − Property taxes: −$1,673
• − Insurance: −$572
• − Repairs & maintenance: −$1,675
• − Management: −$1,675
• − HOA: −$4,044
• − Depreciation: −$3,331
• Taxable income: $1,549
• Est. tax owed @ 24.0%: −$372
• After-tax cash flow: $2,670/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 — South Bradenton

• Score: 77/100
• State rank: #195
• US rank: #3092

Category grades

Amenities C- Commute F Cost of living A+ Crime D+ Employment F 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
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 1469.0

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 19% Two or more races 12% Black 9% Asian 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Vietnam, Dominican Republic
• Languages at home: 76% English-only · Spanish 16% Vietnamese 2% 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: ▼ -95.87%
• Current HPI: 295.8871
• Rent YoY: ▼ -0.97%
• 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

-99.2% since first listed

9 events — show timeline

• 2026-03-28 Price Changed $114,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-11 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-06 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-03 Sold (Public Records) $125,000 Public Records
• 2020-01-17 Sold (Public Records) $50,000 Public Records
• 2015-06-03 Sold (Public Records) $50,000 Public Records
• 1998-06-05 Sold (Public Records) $51,900 Public Records
• 1991-06-03 Sold (Public Records) $35,000 Public Records
• 1987-03-30 Sold (Public Records) $14,000,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $1,673 · -2.2% YoY. Source: county tax records.