2932 64th St W #2932 · Bradenton, FL 34209

$174,990

2 bd · 2.0 ba · 946 sqft · SingleFamily · 92 Days on market

Built 1986 Good condition 3.71 ac lot Est $201k · 13% under $440/mo HOA · 22% of rent

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Why this score? — see what drove the D+ 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 +13.4/15.0
• Cash flow +11.0/30.0
• 1% rule +6.4/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• DSCR +3.2/10.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 2-bedroom, 2-bath single-story condo located in the desirable Morningside community! This all-ages neighborhood offers a convenient and relaxed lifestyle just minutes from GT Bray Park, local shopping, dining, and our beautiful Gulf Coast beaches. Step inside to an open split floorplan featuring high ceilings that create a spacious feel throughout. The layout provides privacy between bedrooms, making it ideal for guests or family. Enjoy the ease of in-unit laundry with a washer and dryer conveniently located in the kitchen. Parking is a breeze with your assigned spot right out front—no long walks or stairs to worry about. Enjoy being close to everything Bradenton has to offer

Key facts

• Close to parks
• In-unit laundry
• Golf courses

Tags

• IN-UNIT LAUNDRY
• ASSIGNED PARKING
• CLOSE TO PARKS
• WALKING TRAILS
• GOLF COURSES

Property features AI

Finance

• Other: Lease restrictions apply; Community pool
• Financial info:
• HOA & community: HOA: Penny Dell'Armi; Monthly condo/HOA fee $440 (monthly); HOA fee covers cable TV, pool, escrow reserves, structure and grounds maintenance, general maintenance, management, sewer, trash and water; Association approval required; Pets allowed (cats and dogs) with limits — max pet weight 35 lbs

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Residential property; One-story; Faces south; Entry on first floor
• Construction: Concrete and stucco construction; Shingle roof; Slab foundation; Built as part of building number 2932
• Exterior features: Sidewalk

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Split bedroom layout; Vaulted ceilings; Walk-in closets
• Laundry & utility: Washer and dryer in kitchen area

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $175k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-72 ($-869/yr) — negative.
• To cash-flow at today's rent, offer at most $165k (6.0% below list).
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $159k (9.0% below list) — sets the bar for market timing.
• Cap rate 5.8% 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; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 $1k of loan paydown is wiped out by about $5k 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 92 days — a 9% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 22% 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 $159,240 (9.0% below list)

Questions for the listing agent

1. 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?
2. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
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. 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. 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?
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: 1.14% ✓
• Cap rate: 5.80%
• Cash-on-cash: -1.77%
• DSCR: 0.92
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $201,498
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2901 64th St W #101	0.03mi	2/2.0	1,054 (+11%)	2mo	$200,000	$190	78
5903 36th Avenue Cir W	0.50mi	2/2.0	937 (-1%)	3mo	$215,000	$229	73
2903 60th St W	0.28mi	2/2.0	934 (-1%)	15mo	$190,000	$203	72
6104 39th Ave W	0.55mi	2/2.0	937 (-1%)	3mo	$202,500	$216	70
6425 Heritage Ln	0.15mi	2/2.0	1,080 (+14%)	2mo	$190,000	$176	68
6115 Twig Cir Unit 6D	0.47mi	2/2.0	975 (+3%)	13mo	$225,000	$231	62
6336 29th Ave W	0.09mi	2/2.0	1,068 (+13%)	20mo	$290,000	$272	58
3605 60th St W	0.50mi	2/2.0	1,028 (+9%)	12mo	$190,000	$185	52
4210 66th Street Cir W	0.62mi	2/2.0	1,044 (+10%)	8mo	$160,000	$153	48
5901 36th Avenue Cir W	0.51mi	2/2.0	1,028 (+9%)	20mo	$219,000	$213	45

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: -23.8%
• Equity multiple: 0.21×
• Total profit: $-38,517
• Equity at exit: $26,092

10-year hold

• IRR: -37.7%
• Equity multiple: -0.24×
• Total profit: $-60,864
• Equity at exit: $15,130

Cash invested: $48,997 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,996 high
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$440
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $-72

Break-even live

Break-even rent $2,088

Max offer price $164,513

Occupancy floor 99%

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: $43,748
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2926 63rd St W Bradenton, FL	2.0	2.0	946	$2,100	$2.22	3d	1	0.05mi
2903 63rd St W Bradenton, FL	1.0	1.0	693	$2,000	$2.89	3d	1	0.05mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,670	$2.12	1d	6	0.31mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$2,013	$2.13	1d	6	0.32mi
6304 Pointe West Blvd Unit A309 Bradenton, FL	2.0	2.0	1042	$1,795	$1.72	10d	1	0.42mi
6415 21st Ave W Bradenton, FL	1.0–2.0	1.0–2.0	1150	$1,896	$1.65	3d	5	0.47mi
5907 36th Ave Cir W #5907 Bradenton, FL	2.0	2.0	937	$2,800	$2.99	23d	1	0.49mi
2724 72nd St W Unit 2010 Bradenton, FL	2.0	2.0	942	$1,950	$2.07	2d	1	0.53mi
4116 62nd St W Bradenton, FL	2.0	2.0	840	$1,650	$1.96	3d	1	0.63mi
4112 66th Street Cir W Bradenton, FL	2.0	2.0	1100	$1,960	$1.78	19d	1	0.65mi
2727 75th St W Bradenton, FL	1.0–2.0	1.5	835	$1,700	$2.04	3d	4	0.66mi
4118 59th St W Bradenton, FL	2.0	1.0	756	$1,800	$2.38	15d	1	0.70mi
4209 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$2,900	$2.78	23d	1	0.76mi
4161 66th Street Cir W Bradenton, FL	2.0	2.0	1044	$1,800	$1.72	15d	1	0.76mi
6711 45th Ave W Unit A Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	15d	1	0.92mi
4501 71st St W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,680	$1.98	1d	28	0.97mi
4005 78th St W Bradenton, FL	3.0	2.0	1000	$1,895	$1.90	3d	1	0.97mi
4601 66th St W Bradenton, FL	3.0	1.0–2.0	917	$2,065	$2.25	1d	24	1.00mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	15d	1	1.06mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	11d	1	1.06mi
2107 Palma Sola Blvd #8 Bradenton, FL	2.0	2.0	1056	$1,850	$1.75	15d	1	1.06mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	1.07mi
1403 56th St W #1403 Bradenton, FL	1.0	1.0	812	$1,595	$1.96	23d	1	1.08mi
1403 56th St W Bradenton, FL	1.0	1.0	812	$1,445	$1.78	15d	1	1.11mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,750	$2.19	3d	2	1.16mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,750	$2.19	14d	3	1.16mi
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	23d	1	1.18mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	1.19mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	1d	1	1.19mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	23d	1	1.20mi
4325 80th St W Bradenton, FL	3.0	1.5	1000	$2,200	$2.20	23d	1	1.20mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	15d	15	1.22mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	3d	13	1.22mi
4480 Ironwood Cir Unit 309 Bradenton, FL	1.0	1.0	600	$1,800	$3.00	23d	1	1.23mi
4880 51st St W Bradenton, FL	1.0–4.0	1.0–3.0	1019	$1,527	$1.50	3d	11	1.23mi
4480 Ironwood Cir Unit 213A Bradenton, FL	1.0	1.0	600	$1,425	$2.38	14d	1	1.23mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,800	$1.94	1d	27	1.39mi

HOA detail

• Monthly dues: $440 · $5,280/yr

Listing history 20 events

1. 2026-06-18
   days on market $174,990 Active 92 DOM
2. 2026-06-17
   days on market $174,990 Active 91 DOM
3. 2026-06-16
   days on market $174,990 Active 90 DOM
4. 2026-06-15
   days on market $174,990 Active 89 DOM
5. 2026-06-13
   days on market $174,990 Active 87 DOM
6. 2026-06-13
   days on market $174,990 Active 86 DOM
7. 2026-06-10
   days on market $174,990 Active 84 DOM
8. 2026-06-09
   days on market $174,990 Active 83 DOM
9. 2026-06-08
   days on market $174,990 Active 82 DOM
10. 2026-06-08
    days on market $174,990 Active 81 DOM
11. 2026-06-03
    days on market $174,990 Active 77 DOM
12. 2026-06-02
    days on market $174,990 Active 76 DOM
13. 2026-06-01
    days on market $174,990 Active 75 DOM
14. 2026-05-31
    days on market $174,990 Active 74 DOM
15. 2026-03-18
    listed $174,990 Active
16. 2024-05-03
    historical $1,795
17. 2024-04-08
    listed $1,795
18. 2024-04-01
    historical $1,900
19. 2023-12-20
    price $1,900
20. 2023-12-08
    listed $2,000

ⓘ 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 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: $23,953
• − Mortgage interest: −$9,802
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$1,916
• − Management: −$1,916
• − HOA: −$5,280
• − Depreciation: −$5,091
• Taxable loss: −$3,552
• Est. tax savings @ 24.0%: +$852
• After-tax cash flow: $-16/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

Good 75/100 Cosmetic rehab

This charming single-story condo in Morningside community is in good condition with minor repairs needed. Upgrades to paint, cabinets, and fixtures can significantly enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Wear and tear visible on cabinet doors and drawers.
• Minor Bathroom fixtures — Signs of wear on bathroom fixtures and tiles.
• Minor Landscaping — Some overgrowth in landscaping areas

Value-add opportunities

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and value.
• Resale Replace kitchen cabinets — New cabinets can improve the kitchen's functionality and aesthetics.
• Resale Replace bathroom fixtures — Upgraded fixtures can enhance the bathroom's functionality and value.
• Both Trim landscaping — Well-maintained landscaping can improve curb appeal and attract potential buyers/tenants

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Wear and tear visible on cabinet doors and drawers.	Minor	$500–3,000
Bathroom fixtures · Signs of wear on bathroom fixtures and tiles.	Minor	$500–3,000
Landscaping · Some overgrowth in landscaping areas	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and value. ↑
• Resale Replace kitchen cabinets — New cabinets can improve the kitchen's functionality and aesthetics. ↑
• Resale Replace bathroom fixtures — Upgraded fixtures can enhance the bathroom's functionality and value. ↑
• Both Trim landscaping — Well-maintained landscaping can improve curb appeal and attract potential buyers/tenants ↑

ⓘ 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 — 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

+8649.5% since first listed

6 events — show timeline

• 2026-03-18 Listed $174,990 Stellar MLS as Distributed by MLS Grid
• 2024-05-03 Rental Removed $1,795 STELLARMLS
• 2024-04-08 Listed for Rent $1,795 STELLARMLS
• 2024-04-01 Rental Removed $1,900 STELLARMLS
• 2023-12-20 Price Changed $1,900 STELLARMLS
• 2023-12-08 Listed for Rent $2,000 STELLARMLS