292 Floramana Ln Unit A71 · Palmetto, FL 34221

$90,000

2 bd · 1.0 ba · 840 sqft · Manufactured · 28 Days on market

Built 1966 Fair condition 3,441 sqft lot Est $79k · 14% over

---

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 +2.2/5.0
• Rent growth +1.8/5.0
• ARV discount +1.2/15.0
• Appreciation +0.0/10.0

Listing remarks

This home is located in Jet Mobile home park, a fifty five plus community. This is a 1966 manufactured home 2 Bed 1 Baths. 50'' x 12 plus extra room 20 x 12. Located on a extra large corner lot. Total area 840 sq ft. Larger than most. List price includes the full price of the co op share. The monthly maintenance includes park maintenance, water, trash collection and use of all the facilities including the club hall, boat ramp and sports activities. The park is located next to the Manatee river and has full water access with its own park boat ramp. Private boat docks and houses can be rented when available. During the winter months this is a very sociable and friendly park with lots to do an

Key facts

• Convenient to banks
• Private boat docks
• Full water access

Tags

• EXTRA LARGE CORNER LOT
• FULL WATER ACCESS
• PARK BOAT RAMP
• PRIVATE BOAT DOCKS
• CONVENIENT TO SUPERMARKETS
• CONVENIENT TO BANKS

Property features AI

Finance

• Other: Located in Jet Mobile Home Park; corner of Fourth St W and Wisconsin St (292 Floramana Ln Unit A71), Palmetto, FL
• HOA & community: Homeowners association; Senior community

Exterior

• Parking: Carport (1 space)
• Utilities: Public water
• Home design: Mobile home (single level)
• Construction: Metal siding; Metal roof
• Exterior features: Rear screened porch; Paved road access

Interior

• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace (heating)
• Interior features: Vinyl flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $89k (1.5% below list) — sets the bar for market timing.
• Cap rate 17.0% 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; 18 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 $622 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 28 days — a 2% lower offer ($89k) is reasonable based on typical stale-listing flexibility.

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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,650 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1966 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 2.00% ✓
• Cap rate: 16.96%
• Cash-on-cash: 38.09%
• DSCR: 2.69
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $78,960
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
238 Palm Ln	0.06mi	2/2.0	804 (-4%)	7mo	$137,500	$171	80
243 Palm Ln	0.04mi	2/2.0	820 (-2%)	14mo	$57,500	$70	79
290 Floramana Ln Unit A73	0.02mi	2/2.0	756 (-10%)	13mo	$70,900	$94	68
4 Tennessee St	0.16mi	2/2.0	960 (+14%)	2mo	$85,000	$89	63

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: 4.5%
• Equity multiple: 1.17×
• Total profit: $4,213
• Equity at exit: $13,419

10-year hold

• IRR: 9.6%
• Equity multiple: 1.60×
• Total profit: $15,083
• Equity at exit: $7,782

Cash invested: $25,200 (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 34221

• Rents YoY: -3.0%
• Active inventory: 1160
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,800 high
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $373

Break-even live

Break-even rent $1,327

Max offer price $90,000

Occupancy floor 74%

Sensitivity live

Price	-10% $436	-5% $405	+0% $373	+5% $342	+10% $311
Rent	-10% $231	-5% $302	+0% $373	+5% $445	+10% $516
Rate	-1.0pp $419	-0.5pp $396	base $373	+0.5pp $350	+1.0pp $326

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 18 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	0.31mi
507 10th Ave W Palmetto, FL	2.0	1.0	737	$1,495	$2.03	16d	1	0.56mi
501 11th St W Palmetto, FL	2.0	1.0	850	$1,340	$1.58	2d	1	0.56mi
516 12th St W Unit A Palmetto, FL	2.0	1.0	612	$1,350	$2.21	16d	1	0.73mi
518 12th St W Palmetto, FL	2.0	1.0	612	$1,350	$2.21	16d	1	0.73mi
900 9th Ave E Unit 180 Palmetto, FL	2.0	2.0	1000	$1,650	$1.65	16d	1	0.75mi
1229 11th Ave W Palmetto, FL	3.0	1.0	1072	$1,800	$1.68	2d	1	0.96mi
210 3rd St W #8402 Bradenton, FL	2.0	2.0	1000	$2,600	$2.60	24d	1	0.97mi
210 3rd St W Bradenton, FL	1.0–3.0	1.0–2.0	1094	$1,954	$1.79	2d	1	0.97mi
606 3rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1090	$1,768	$1.62	2d	23	1.05mi
1213 15th St W Palmetto, FL	2.0	1.0	1000	$1,800	$1.80	24d	1	1.13mi
1809 5th Ave W Palmetto, FL	3.0	1.0	962	$1,895	$1.97	24d	1	1.14mi
515 1st Ave E Bradenton, FL	2.0	2.0	1104	$2,275	$2.06	24d	1	1.21mi
102 Manatee Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1035	$1,962	$1.90	2d	14	1.23mi
1715 9th St W Palmetto, FL	2.0	2.0	1104	$2,000	$1.81	24d	1	1.25mi
408 3rd Ave E Unit A Bradenton, FL	3.0	2.0	1000	$1,995	$2.00	3d	1	1.30mi
801 6th Ave W Bradenton, FL	2.0	2.0	808	$1,542	$1.91	3d	4	1.41mi
1161 3rd Ave E Bradenton, FL	1.0–3.0	1.0–2.0	1088	$2,652	$2.44	2d	21	1.49mi

Listing history 15 events

1. 2026-06-18
   days on market $90,000 Active 28 DOM
2. 2026-06-17
   days on market $90,000 Active 27 DOM
3. 2026-06-16
   days on market $90,000 Active 26 DOM
4. 2026-06-15
   days on market $90,000 Active 25 DOM
5. 2026-06-13
   days on market $90,000 Active 23 DOM
6. 2026-06-13
   days on market $90,000 Active 22 DOM
7. 2026-06-10
   days on market $90,000 Active 20 DOM
8. 2026-06-09
   days on market $90,000 Active 19 DOM
9. 2026-06-08
   days on market $90,000 Active 18 DOM
10. 2026-06-08
    days on market $90,000 Active 17 DOM
11. 2026-06-03
    days on market $90,000 Active 13 DOM
12. 2026-06-02
    days on market $90,000 Active 12 DOM
13. 2026-06-01
    days on market $90,000 Active 11 DOM
14. 2026-05-31
    days on market $90,000 Active 10 DOM
15. 2026-05-19
    listed $90,000 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 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 · 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

Taxation est. · year 1

• Rental income: $21,599
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$2,618
• Taxable income: $3,565
• Est. tax owed @ 24.0%: −$856
• After-tax cash flow: $3,625/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 · 16 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance to improve its condition and value. Key areas for improvement include the exterior siding, kitchen cabinets, and carpet. Upgrades in these areas would significantly enhance the home's curb appeal and value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Minor kitchen cabinets — Slight wear
• Minor bathroom fixtures — Slight wear

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace carpet — Improves comfort and value
• Both Replace kitchen cabinets — Modernizes and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
kitchen cabinets · Slight wear	Minor	$500–3,000
bathroom fixtures · Slight wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$16,000–56,000

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace carpet — Improves comfort and value ↑
• Both Replace kitchen cabinets — Modernizes and increases value ↑

ⓘ 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 — 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
• City population: 56,208
• 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

1 event — show timeline

• 2026-05-19 Listed $90,000 HAOR as distributed by MLS GRID