18114 Gawthrop Dr #204 · Lakewood Ranch, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 5/10 · Moderate
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 28 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +15.0/15.0
- Schools +6.9/10.0
- 1% rule +4.4/10.0
- Condition / age +4.0/5.0
- Livability +2.5/5.0
- Rent growth +1.2/5.0
- Cash flow +0.2/30.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$279,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to this beautifully appointed second-floor 2-bedroom, 2-bath condo in the highly sought-after Lakewood National community of Lakewood Ranch, FL. Built in 2022 and offered turnkey furnished, this residence is truly move-in ready—perfect as a full-time home, seasonal retreat, or investment opportunity. Step inside to a thoughtfully designed open-concept floor plan that blends comfort and modern elegance. The kitchen is both stylish and functional, featuring sleek cabinetry, granite countertops, stainless steel appliances, and a spacious island with bar seating—perfect for casual dining or entertaining guests.
Key facts
- $1,250 HOA
- Parking
- Community pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $279k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
- To cash-flow at today's rent, offer at most $118k (57.9% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $261k (6.4% below list).
- Recommended offer: $118k (57.9% below list) — sets the bar for cash-flow.
- Cap rate 0.9% 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; 40 comparable units currently listed for rent nearby; rentals lingering (median 98d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% 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 $2k of loan paydown is wiped out by about $8k 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 174 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 3y ago; this cycle's ask has dropped $16k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: HOA is 48% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 174 days. Have you received any prior offers? Is the seller open to a 58% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.94% ✗
- Cap rate
- 0.89%
- Cash-on-cash
- -19.29%
- DSCR
- 0.14
- GRM
- 8.9
CMA / ARV
- ARV (median comp)
- $339,274
- List price
- $279,000
- Delta
- -17.77%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 17520 Gawthrop Dr #304 | 0.41mi | 2/2.0 | 1,121 (0%) | 1mo | $285,000 | $254 | 80 |
| 16904 Vardon Ter #304 | 0.86mi | 2/2.0 | 1,121 (0%) | 1mo | $260,000 | $232 | 64 |
| 17118 Vardon Ter #202 | 0.74mi | 2/2.0 | 1,142 (+2%) | 1mo | $256,500 | $225 | 62 |
| 19110 Scallop Loop #206 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #202 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #405 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $315,000 | $273 | 59 |
| 19110 Scallop Loop #302 | 0.99mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 19110 Scallop Loop #303 | 1.26mi | 2/2.0 | 1,154 (+3%) | 1mo | $290,000 | $251 | 59 |
| 17626 Gawthrop Dr #208 | 0.34mi | 3/2.0 (+1) | 1,286 (+15%) | 0mo | $315,000 | $245 | 54 |
| 5558 Palmer Cir #205 | 0.96mi | 2/2.0 | 1,329 (+19%) | 0mo | $385,000 | $290 | 40 |
| 19110 Scallop Loop #101 | 1.26mi | 2/2.0 | 1,300 (+16%) | 1mo | $290,000 | $223 | 39 |
| 18917 Scallop Loop #106 | 1.04mi | 2/2.0 | 1,366 (+22%) | 1mo | $385,997 | $283 | 39 |
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
- IRR
- -63.4%
- Equity multiple
- -0.69×
- Total profit
- $-131,947
- Equity at exit
- $41,600
- IRR
- —
- Equity multiple
- -2.12×
- Total profit
- $-243,829
- Equity at exit
- $24,123
Cash invested: $78,120 (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
Active competition Active MLS
- For sale now
- 1 active · 1 under contract
- Median asking
- $250,000 ($223/sqft)
- Median days on market
- 23 d
- This list price
- 100% of active listings are priced below it
- ARV vs active asking
- +35.7% above current asking $/sqft
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
- 8.9×
Monthly cashflow live
- Estimated rent
- $2,612 high interval (Pro) →
- Mortgage (P&I)
- −$1,463
- Tax from tax record
- −$490 /mo · $5,878/yr
- Insurance
- −$116
- HOA
- −$1,250
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$549
- Net cashflow
- $-1,256
Break-even live
Sensitivity live
| Price | -10% $-1,098 | -5% $-1,177 | +0% $-1,256 | +5% $-1,335 | +10% $-1,414 |
|---|---|---|---|---|---|
| Rent | -10% $-1,462 | -5% $-1,359 | +0% $-1,256 | +5% $-1,153 | +10% $-1,049 |
| Rate | -1.0pp $-1,115 | -0.5pp $-1,185 | base $-1,256 | +0.5pp $-1,328 | +1.0pp $-1,402 |
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
- $69,750
- Closing costs
- $8,370
- Club membership (one-time)
- —
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 18114 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1300 | $2,300 | $1.77 | 119d | 5 | 0.03mi |
| 18114 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $2,200 | $1.68 | 82d | 4 | 0.03mi |
| 18028 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $2,100 | $1.60 | 2d | 5 | 0.08mi |
| 18028 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1310 | $1,950 | $1.49 | 93d | 7 | 0.08mi |
| 18008 Gawthrop Dr #402 Bradenton, FL | 2.0 | 2.0 | 1154 | $2,500 | $2.17 | 111d | 1 | 0.12mi |
| 17902 Gawthrop Dr Unit 1546175P Bradenton, FL | 3.0 | 2.0 | 1280 | $2,965 | $2.32 | 111d | 1 | 0.17mi |
| 17902 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1202 | $3,500 | $2.91 | 9d | 2 | 0.17mi |
| 17902 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1213 | $3,500 | $2.89 | 78d | 3 | 0.17mi |
| 17810 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1453 | $2,200 | $1.51 | 9d | 3 | 0.18mi |
| 17810 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1453 | $2,200 | $1.51 | 114d | 2 | 0.18mi |
| 17724 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1220 | $2,500 | $2.05 | 107d | 3 | 0.29mi |
| 17724 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1137 | $2,950 | $2.59 | 9d | 3 | 0.29mi |
| 17704 Gawthrop Dr Unit 1545826P Bradenton, FL | 3.0 | 2.0 | 1431 | $3,163 | $2.21 | 110d | 1 | 0.33mi |
| 17704 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1142 | $2,375 | $2.08 | 119d | 3 | 0.34mi |
| 17704 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1142 | $2,300 | $2.01 | 82d | 2 | 0.34mi |
| 17626 Gawthrop Dr #206 Bradenton, FL | 2.0 | 2.0 | 1142 | $5,500 | $4.82 | 119d | 1 | 0.36mi |
| 17520 Gawthrop Dr Unit 1 Bradenton, FL | 2.0 | 2.0 | 1121 | $3,000 | $2.68 | 119d | 1 | 0.43mi |
| 17520 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,550 | $2.10 | 82d | 2 | 0.43mi |
| 17520 Gawthrop Dr Bradenton, FL | 2.0 | 2.0 | 1244 | $4,325 | $3.48 | 9d | 2 | 0.43mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $3,000 | $2.47 | 5d | 2 | 0.46mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $1,900 | $1.59 | 9d | 3 | 0.46mi |
| 17510 Gawthrop Dr Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $1,900 | $1.59 | 88d | 6 | 0.46mi |
| 5721 Palmer Cir Bradenton, FL | 2.0 | 2.0 | 1452 | $3,250 | $2.24 | 82d | 2 | 0.64mi |
| 5711 Palmer Cir #206 Bradenton, FL | 2.0 | 2.0 | 1462 | $3,000 | $2.05 | 119d | 1 | 0.67mi |
| 5710 Palmer Cir #201 Bradenton, FL | 2.0 | 2.0 | 1462 | $4,500 | $3.08 | 119d | 1 | 0.68mi |
| 17118 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,495 | $2.06 | 97d | 2 | 0.74mi |
| 17118 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,100 | $1.73 | 110d | 3 | 0.74mi |
| 5685 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $3,100 | $2.33 | 119d | 1 | 0.75mi |
| 17118 Vardon Ter #306 Bradenton, FL | 2.0 | 2.0 | 1142 | $2,000 | $1.75 | 9d | 1 | 0.76mi |
| 17108 Vardon Ter Bradenton, FL | 2.0 | 2.0 | 1216 | $4,450 | $3.66 | 9d | 2 | 0.78mi |
| 17108 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1203 | $2,500 | $2.08 | 119d | 4 | 0.78mi |
| 5674 Palmer Cir #206 Bradenton, FL | 2.0 | 2.0 | 1336 | $2,900 | $2.17 | 9d | 1 | 0.81mi |
| 5674 Palmer Cir #203 Bradenton, FL | 2.0 | 2.0 | 1336 | $3,100 | $2.32 | 119d | 1 | 0.81mi |
| 17006 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1214 | $2,500 | $2.06 | 7d | 2 | 0.83mi |
| 17006 Vardon Ter Bradenton, FL | 2.0–3.0 | 2.0 | 1196 | $2,950 | $2.47 | 119d | 3 | 0.83mi |
| 5664 Palmer Cir #202 Bradenton, FL | 2.0 | 2.0 | 1355 | $3,400 | $2.51 | 119d | 1 | 0.84mi |
| 5507 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $2,600 | $1.96 | 82d | 1 | 0.86mi |
| 18923 Scallop Loop Bradenton, FL | 2.0 | 2.0 | 1355 | $2,500 | $1.85 | 9d | 1 | 0.87mi |
| 5528 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1355 | $2,000 | $1.48 | 111d | 1 | 0.87mi |
| 5517 Palmer Cir #105 Bradenton, FL | 2.0 | 2.0 | 1329 | $4,000 | $3.01 | 119d | 1 | 0.88mi |
Property features AI
Finance
- Other
- Irrigation equipment includedCommunity features: clubhouse, deed restrictions, fitness center, golf carts allowed, pool, sidewalks, tennis courts
- Financial info
- Total monthly association fees reported approx. $1,250.75Total annual association fees reported approx. $15,009Lease restrictions apply
- HOA & community
- HOA requiredMonthly condo fee (approx.) $526; quarterly condo fees reported as $1,579Association annual fees reported (one listed at $8,693 annually)Association amenities include clubhouse, pool, fitness center, tennis courts, golf, grounds and structure maintenance, management, security, and reclaimed water irrigationPets allowed (cats and dogs)Association approval required
Exterior
- Parking
- Covered parking1-car carport
- Security
- 24-hour guard (community amenity)
- Utilities
- Public waterPublic sewerPublic utilities
- Home design
- CondominiumResidential property typeSecond-floor unitNorth-facing
- Construction
- Block and stucco constructionTile roofSlab foundationBuilding name/number: 18114
- Exterior features
- Screened patio/porchBalconyExterior lightingSidewalksSliding doorsStorageTennis courtsInfinity poolLap poolOn waterfront with pond view (approximately 30 ft frontage)Lot includes golf course accessPaved roads
Interior
- Kitchen
- DishwasherDisposalMicrowaveRefrigerator
- Bedrooms
- 2 bedrooms (located on 2nd floor)
- Flooring
- CarpetCeramic tile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Ceiling fansEat-in kitchenLiving room / dining room comboProgrammable thermostatWalk-in closetsWindow treatments
- Laundry & utility
- Washer and dryer includedLaundry inside unit
HOA detail $1,250/mo · $15,000/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-22days on market $279,000 Active 174 DOM
-
2026-09-21days on market $279,000 Active 173 DOM
-
2026-09-20days on market $279,000 Active 172 DOM
-
2026-09-19days on market $279,000 Active 171 DOM
-
2026-09-18days on market $279,000 Active 170 DOM
-
2026-09-17days on market $279,000 Active 169 DOM
-
2026-09-16days on market $279,000 Active 168 DOM
-
2026-09-15days on market $279,000 Active 167 DOM
-
2026-09-14days on market $279,000 Active 166 DOM
-
2026-09-13days on market $279,000 Active 165 DOM
-
2026-09-12days on market $279,000 Active 164 DOM
-
2026-09-11days on market $279,000 Active 163 DOM
-
2026-09-05days on market $279,000 Active 157 DOM
-
2026-09-04days on market $279,000 Active 156 DOM
-
2026-09-03days on market $279,000 Active 155 DOM
-
2026-08-31days on market $279,000 Active 152 DOM
-
2026-08-30days on market $279,000 Active 151 DOM
-
2026-08-29days on market $279,000 Active 150 DOM
-
2026-08-28days on market $279,000 Active 149 DOM
-
2026-08-27days on market $279,000 Active 148 DOM
-
2026-08-26days on market $279,000 Active 147 DOM
-
2026-08-25days on market $279,000 Active 146 DOM
-
2026-08-24days on market $279,000 Active 145 DOM
-
2026-08-23days on market $279,000 Active 144 DOM
-
2026-08-22days on market $279,000 Active 143 DOM
-
2026-08-21days on market $279,000 Active 142 DOM
-
2026-08-20days on market $279,000 Active 141 DOM
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2026-08-19days on market $279,000 Active 140 DOM
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2026-08-18days on market $279,000 Active 139 DOM
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2026-08-17days on market $279,000 Active 138 DOM
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2026-08-16days on market $279,000 Active 137 DOM
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2026-08-15days on market $279,000 Active 136 DOM
-
2026-08-14days on market $279,000 Active 135 DOM
-
2026-08-13days on market $279,000 Active 134 DOM
-
2026-08-12days on market $279,000 Active 133 DOM
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2026-08-11days on market $279,000 Active 132 DOM
-
2026-08-10days on market $279,000 Active 131 DOM
-
2026-08-09days on market $279,000 Active 130 DOM
-
2026-08-08days on market $279,000 Active 129 DOM
-
2026-08-07days on market $279,000 Active 128 DOM
-
2026-08-06days on market $279,000 Active 127 DOM
-
2026-08-05days on market $279,000 Active 126 DOM
-
2026-08-04days on market $279,000 Active 125 DOM
-
2026-08-03days on market $279,000 Active 124 DOM
-
2026-07-31days on market $279,000 Active 121 DOM
-
2026-07-30days on market $279,000 Active 119 DOM
-
2026-07-28days on market $279,000 Active 118 DOM
-
2026-07-24days on market $279,000 Active 114 DOM
-
2026-07-23days on market $279,000 Active 113 DOM
-
2026-07-22days on market $279,000 Active 112 DOM
ⓘ 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
- $5,878 · $490/mo
- Projected year-2 tax
- $5,878 · $490/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 5/10 Major
- Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $31,344
- − Mortgage interest
- −$15,628
- − Property taxes
- −$5,878
- − Insurance
- −$1,395
- − Repairs & maintenance
- −$2,507
- − Management
- −$2,507
- − HOA
- −$15,000
- − Depreciation
- −$8,116
- Taxable loss
- −$19,689
- Est. tax savings @ 24.0%
- +$4,725
- After-tax cash flow
- $-10,343/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
This move-in ready, 2-bedroom, 2-bath condo in Lakewood National is in excellent condition with modern amenities and a beautiful waterfront view.
Value-add opportunities
- Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
- Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
- Both New flooring in bathrooms — Fresh flooring improves aesthetics and functionality in bathrooms. ↑
Zoned Schools
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
- Census place
- Lakewood Ranch, FL
- 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
- 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
- —
Market trends
- HPI YoY
- ▼ -100.84%
- Current HPI
- 265.946
- Rent YoY
- ▼ -5.17%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+11700.0% since first listed6 events — show timeline
- 2026-04-01 Listed $295,000 Stellar MLS as Distributed by MLS Grid
- 2025-03-18 Rental Removed $2,200 STELLARMLS
- 2025-03-07 Price Changed $2,200 STELLARMLS
- 2025-03-07 Listed for Rent $5,500 STELLARMLS
- 2024-02-17 Rental Removed $2,500 STELLARMLS
- 2023-12-28 Listed for Rent $2,500 STELLARMLS
Property tax history
-3.7%/yrLatest (2025): $5,878 · -9.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…