4460 Ironwood Cir Unit 407A · Bradenton, FL 34209

$119,000

1 bd · 1.5 ba · 840 sqft · Condo public records · 62 Days on market

Built 1984 $567/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 +15.2/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• 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

Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

Key facts

• $567 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Lease restrictions apply; Unfurnished unit
• Financial info: Total monthly fees $567; total annual fees $6,804
• HOA & community: Association: Ironwood Fifteenth Condo Assoc; Monthly condo fee $567 (includes cable TV, pool, escrow reserves, fidelity bond, insurance, structure maintenance, grounds maintenance, management, sewer, trash, water); Association amenities include pool and wheelchair access; Community features: buyer approval required, deed restrictions, pool, sidewalks, wheelchair access; Pets not allowed; Association approval required

Exterior

• Parking: Assigned covered parking; Guest parking; 1-car carport
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Phone available; Sewer connected; Water connected
• Home design: Residential condominium (attached); One level unit in a 5-story building; Faces north; Entry on floor 4
• Construction: Block construction; Built-up roof; Slab foundation; Building identified as 4460 A-D
• Exterior features: Rear screened porch; Storage; Mature landscaping with trees; Landscaped grounds; Near public transit; Paved lot, city limits; Sidewalks

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (one on floor 4)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Elevator in building; Living room/dining room combo; Split bedroom plan; Blinds; Storage
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet; Inside utility room; Bonus room

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $41 ($493/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.7% 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.
• Zoned schools: H. S. Moody Elementary School (math 39% / reading 24%, grade F, #1,841 of 2,144 statewide, top 86%, 606 students, 73% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools average 69% FRL vs 51% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 52% district-wide (-26 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.3%/yr); 510 active listings in the ZIP; 40 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k 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 62 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $66k; list at $119k implies a 82% gain — meaningful room to come down on a strong offer.

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 $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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. 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: 1.55% ✓
• Cap rate: 6.71%
• Cash-on-cash: 1.48%
• DSCR: 1.07
• GRM: 5.4

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: -19.5%
• Equity multiple: 0.35×
• Total profit: $-21,674
• Equity at exit: $17,743

10-year hold

• IRR: -30.7%
• Equity multiple: -0.04×
• Total profit: $-34,777
• Equity at exit: $10,289

Cash invested: $33,320 (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: 5.4×

Monthly cashflow live

• Estimated rent: $1,842 high
• Mortgage (P&I): −$624
• Tax from tax record: −$173 /mo · $2,081/yr
• Insurance: −$50
• HOA: −$567
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $41

Break-even live

Break-even rent $1,790

Max offer price $119,000

Occupancy floor 93%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	23d	1	0.02mi
4480 Ironwood Cir Unit 309 Bradenton, FL	1.0	1.0	600	$1,800	$3.00	23d	1	0.03mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	1d	1	0.03mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	0.03mi
4480 Ironwood Cir Unit 213A Bradenton, FL	1.0	1.0	600	$1,425	$2.38	14d	1	0.03mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	23d	1	0.06mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	0.13mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	15d	1	0.17mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	11d	1	0.17mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,330	$1.43	1d	27	0.32mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	15d	1	0.35mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,415	$1.39	1d	32	0.46mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,200	$1.19	3d	13	0.49mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,249	$1.24	15d	15	0.49mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,325	$1.71	10d	9	0.51mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	23d	1	0.56mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,200	$1.50	14d	3	0.58mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,199	$1.50	3d	2	0.58mi
4118 59th St W Bradenton, FL	2.0	1.0	756	$1,800	$2.38	15d	1	0.66mi
4880 51st St W Bradenton, FL	1.0–4.0	1.0–3.0	1019	$1,295	$1.27	3d	11	0.73mi
5907 36th Ave Cir W #5907 Bradenton, FL	2.0	2.0	937	$2,800	$2.99	23d	1	0.76mi
4116 62nd St W Bradenton, FL	2.0	2.0	840	$1,650	$1.96	3d	1	0.86mi
586 Lakeside Dr Unit 586 Bradenton, FL	2.0	2.0	940	$3,200	$3.40	23d	1	0.92mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,465	$1.86	1d	6	0.93mi
4112 66th Street Cir W Bradenton, FL	2.0	2.0	1100	$1,960	$1.78	19d	1	0.99mi
4601 66th St W Bradenton, FL	3.0	1.0–2.0	917	$1,716	$1.87	1d	24	1.01mi
206 Lakewood Dr Unit 206 Bradenton, FL	2.0	2.0	940	$2,700	$2.87	23d	1	1.04mi
184 Pineneedle Dr Bradenton, FL	2.0	2.0	940	$2,100	$2.23	23d	1	1.04mi
4161 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$1,800	$1.72	15d	1	1.06mi
4209 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$2,900	$2.78	23d	1	1.06mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$1,250	$1.32	1d	6	1.13mi
2903 63rd St W Bradenton, FL	1.0	1.0	693	$2,000	$2.89	3d	1	1.18mi
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	3d	1	1.18mi
6711 45th Ave W Unit A Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	15d	1	1.25mi
5027 31st St W Bradenton, FL	2.0	2.0	972	$3,600	$3.70	21d	1	1.28mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$1,451	$1.47	1d	1	1.29mi
4148 53rd Ave W Unit 1210 Bradenton, FL	2.0	2.0	1071	$1,932	$1.80	3d	1	1.29mi
4148 53rd Ave W Unit 0314 Bradenton, FL	2.0	2.0	1071	$1,967	$1.84	23d	1	1.29mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$1,868	$2.08	21d	10	1.29mi
3278 51st Avenue Dr W Unit 1 Bradenton, FL	2.0	1.0	850	$1,600	$1.88	23d	1	1.30mi

HOA detail condo

• Monthly dues: $567 · $6,804/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $119,000 Active 62 DOM
2. 2026-06-17
   days on market $119,000 Active 61 DOM
3. 2026-06-16
   days on market $119,000 Active 60 DOM
4. 2026-06-15
   days on market $119,000 Active 59 DOM
5. 2026-06-13
   days on market $119,000 Active 57 DOM
6. 2026-06-13
   days on market $119,000 Active 56 DOM
7. 2026-06-10
   days on market $119,000 Active 54 DOM
8. 2026-06-09
   days on market $119,000 Active 53 DOM
9. 2026-06-08
   days on market $119,000 Active 52 DOM
10. 2026-06-08
    pricedays on market $119,000 Active 51 DOM
11. 2026-06-03
    days on market $129,000 Active 47 DOM
12. 2026-06-02
    days on market $129,000 Active 46 DOM
13. 2026-06-01
    days on market $129,000 Active 45 DOM
14. 2026-05-31
    days on market $129,000 Active 44 DOM
15. 2026-04-17
    listed $129,000 Active
16. 2015-07-22
    soldstatus $65,500 Sold 446-char remark

    Show marketing remark (446 chars)

    Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

17. 2015-07-02
    soldstatus $65,500
18. 2015-06-09
    status Pending 446-char remark

    Show marketing remark (446 chars)

    Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

19. 2015-06-03
    historical Contingent - Inspections 446-char remark

    Show marketing remark (446 chars)

    Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

20. 2015-03-04
    price $74,900 446-char remark

    Show marketing remark (446 chars)

    Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

21. 2015-01-21
    listed $78,500 Active 446-char remark

    Show marketing remark (446 chars)

    Don't miss this "convertible condo". Bonus room easily can be used as a second bedroom with its own bath and closet. This condo has been beautifully remodeled. .. The kitchen is fabulous, bathrooms modern. The washer and dryer are newer as is the a/c. Ironwood is an active community, convenient to the wonderful gulf beaches and shopping, restaurants, etc. The building is attractive and well kept. It is NOT a 55+ building. No Pets

22. 2000-07-24
    soldstatus $55,500
23. 1988-05-12
    soldstatus $46,500
24. 1984-03-01
    soldstatus $54,000

ⓘ 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: $2,081 · $173/mo
• Projected year-2 tax: $2,081 · $173/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 ≥106°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: $22,103
• − Mortgage interest: −$6,666
• − Property taxes: −$2,081
• − Insurance: −$595
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − HOA: −$6,804
• − Depreciation: −$3,462
• Taxable loss: −$1,041
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $743/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

• Census place: Bradenton, FL
• 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

+138.9% since first listed

10 events — show timeline

• 2026-04-17 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2015-07-22 Sold (MLS) $65,500 Stellar MLS as Distributed by MLS Grid
• 2015-07-02 Sold (Public Records) $65,500 Public Records
• 2015-06-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-06-03 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-03-04 Price Changed $74,900 Stellar MLS as Distributed by MLS Grid
• 2015-01-21 Listed $78,500 Stellar MLS as Distributed by MLS Grid
• 2000-07-24 Sold (Public Records) $55,500 Public Records
• 1988-05-12 Sold (Public Records) $46,500 Public Records
• 1984-03-01 Sold (Public Records) $54,000 Public Records

Property tax history

+14.2%/yr

Latest (2025): $2,081 · -5.6% YoY. Source: county tax records.