6343 Manatee Ave W · Bradenton, FL 34209

$115,000

2 bd · 2.0 ba · 1,060 sqft · Condo public records · 44 Days on market

Built 1979 $697/mo HOA · 31% 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 +24.0/30.0
• 1% rule +10.0/10.0
• DSCR +7.7/10.0
• 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

Located in desirable Cluster VI - very pretty unit! Entire condo has been gone over - Brand new carpet and tile throughout - completely repainted in soft neutral tones - all work professionally done - largest 2/2 floorplan available - shows fantastically!Perfect for year round residence- good for all ages- or winter retreat for Northern visitors! Poss. owner financing.

Key facts

• Updated condo
• Screened balcony
• Clubhouse pool

Tags

• UPDATED CONDO
• SCREENED BALCONY
• DEDICATED COVERED PARKING
• RESORT STYLE AMENITIES
• CLUBHOUSE POOL
• MINUTES FROM ANNA MARIA ISLAND

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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).
• This rent runs 33% of the median local income ($82k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 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 44 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.94% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.41%
• DSCR: 1.37
• GRM: 4.3

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: -9.2%
• Equity multiple: 0.68×
• Total profit: $-10,312
• Equity at exit: $17,147

10-year hold

• IRR: -9.1%
• Equity multiple: 0.57×
• Total profit: $-13,736
• Equity at exit: $9,943

Cash invested: $32,200 (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: 4.3×

Monthly cashflow live

• Estimated rent: $2,228 high
• Mortgage (P&I): −$603
• Tax from tax record: −$187 /mo · $2,242/yr
• Insurance: −$48
• HOA: −$697
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $226

Break-even live

Break-even rent $1,943

Max offer price $115,000

Occupancy floor 85%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6102 7th Ave W Unit 6102 Bradenton, FL	2.0	2.0	1050	$2,600	$2.48	24d	1	0.20mi
6306 7th Ave W Bradenton, FL	3.0	2.0	984	$1,800	$1.83	16d	1	0.20mi
6318 7th Ave W Unit None Bradenton, FL	2.0	2.0	1025	$2,000	$1.95	24d	1	0.20mi
6318 7th Ave W Bradenton, FL	2.0	2.0	1025	$1,800	$1.76	24d	1	0.20mi
6448 7th Avenue Cir W Bradenton, FL	3.0	2.0	1482	$3,100	$2.09	24d	1	0.20mi
6446 7th Avenue Cir W Unit 6446 Bradenton, FL	2.0	2.0	1440	$2,400	$1.67	24d	1	0.22mi
6618 7th Ave Cir W #1404 Bradenton, FL	2.0	2.0	1440	$3,400	$2.36	24d	1	0.23mi
6646 7th Avenue Cir W Bradenton, FL	2.0	2.0	1440	$2,500	$1.74	24d	1	0.24mi
6652 7th Avenue Cir W Bradenton, FL	3.0	2.0	1495	$2,800	$1.87	14d	1	0.27mi
5513 3rd Avenue Plz W Bradenton, FL	3.0	2.0	1282	$2,019	$1.57	3d	1	0.45mi
6904 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1068	$1,678	$1.57	2d	76	0.50mi
1225 56th St W Bradenton, FL	2.0	2.0	1222	$1,800	$1.47	3d	1	0.63mi
109 53rd St W Bradenton, FL	3.0	2.5	1492	$2,700	$1.81	24d	1	0.67mi
1403 56th St W Bradenton, FL	1.0	1.0	812	$1,445	$1.78	16d	1	0.68mi
1403 56th St W #1403 Bradenton, FL	1.0	1.0	812	$1,595	$1.96	24d	1	0.69mi
5132 1st Ave W Bradenton, FL	3.0	2.0	1249	$2,500	$2.00	16d	1	0.72mi
5008 Manatee Ave W Unit 1 Bradenton, FL	1.0	1.0	875	$1,000	$1.14	24d	1	0.78mi
7507 4th Ave W Unit 1546087P Bradenton, FL	3.0	2.0	1474	$2,258	$1.53	16d	1	0.82mi
6415 21st Ave W Bradenton, FL	1.0–2.0	1.0–2.0	1150	$1,896	$1.65	3d	5	0.99mi
6914 20th Ave W Bradenton, FL	2.0	2.0	1383	$2,795	$2.02	16d	1	1.02mi
6304 Pointe West Blvd Unit A309 Bradenton, FL	2.0	2.0	1042	$1,795	$1.72	10d	1	1.03mi
4607 7th Ave W Bradenton, FL	3.0	1.0	1296	$1,950	$1.50	24d	1	1.03mi
6817 11th Ave NW Bradenton, FL	3.0	2.0	1308	$3,200	$2.45	24d	1	1.04mi
202 46th St W Unit 207 Bradenton, FL	2.0	2.0	951	$1,800	$1.89	16d	1	1.07mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$2,013	$2.13	2d	6	1.27mi
2724 72nd St W Unit 2010 Bradenton, FL	2.0	2.0	942	$1,950	$2.07	3d	1	1.43mi
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	3d	1	1.43mi
2107 Palma Sola Blvd #8 Bradenton, FL	2.0	2.0	1056	$1,850	$1.75	16d	1	1.45mi
2914 64th St W Bradenton, FL	2.0	2.0	1135	$2,025	$1.78	24d	1	1.46mi
2727 75th St W Bradenton, FL	1.0–2.0	1.5	835	$1,700	$2.04	3d	4	1.48mi

HOA detail condo

• Monthly dues: $697 · $8,364/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-05-15
   status Pending
2. 2026-03-06
   status Pending
3. 2026-03-03
   historical
4. 2026-02-26
   price $115,000
5. 2026-02-16
   price $125,000
6. 2026-01-30
   price $130,000
7. 2026-01-21
   listed $135,000 Active
8. 2023-09-29
   soldstatus $222,000
9. 2006-03-20
   soldstatus $157,900
10. 2006-03-17
    soldstatus $157,900 372-char remark

    Show marketing remark (372 chars)

    Located in desirable Cluster VI - very pretty unit! Entire condo has been gone over - Brand new carpet and tile throughout - completely repainted in soft neutral tones - all work professionally done - largest 2/2 floorplan available - shows fantastically!Perfect for year round residence- good for all ages- or winter retreat for Northern visitors! Poss. owner financing.

11. 2006-01-30
    listed $158,900 372-char remark

    Show marketing remark (372 chars)

    Located in desirable Cluster VI - very pretty unit! Entire condo has been gone over - Brand new carpet and tile throughout - completely repainted in soft neutral tones - all work professionally done - largest 2/2 floorplan available - shows fantastically!Perfect for year round residence- good for all ages- or winter retreat for Northern visitors! Poss. owner financing.

12. 2005-12-23
    soldstatus $130,000
13. 2002-08-01
    soldstatus $74,000
14. 1997-05-16
    soldstatus $43,000

ⓘ 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: $2,242 · $187/mo
• Projected year-2 tax: $2,242 · $187/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 ≥107°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: $26,739
• − Mortgage interest: −$6,442
• − Property taxes: −$2,242
• − Insurance: −$575
• − Repairs & maintenance: −$2,139
• − Management: −$2,139
• − HOA: −$8,364
• − Depreciation: −$3,345
• Taxable income: $1,493
• Est. tax owed @ 24.0%: −$358
• After-tax cash flow: $2,348/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

• 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

+167.4% since first listed

14 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-29 Sold (Public Records) $222,000 Public Records
• 2006-03-20 Sold (Public Records) $157,900 Public Records
• 2006-03-17 Sold (MLS) $157,900 Stellar MLS as Distributed by MLS Grid
• 2006-01-30 Listed $158,900 Stellar MLS as Distributed by MLS Grid
• 2005-12-23 Sold (Public Records) $130,000 Public Records
• 2002-08-01 Sold (Public Records) $74,000 Public Records
• 1997-05-16 Sold (Public Records) $43,000 Public Records

Property tax history

+9.4%/yr

Latest (2025): $2,242 · -8.0% YoY. Source: county tax records.