2231 9TH AVENUE W
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Nearby Schools
Educational options and performance ratings in the area.
Ballard Elementary School
Manatee High School
W. D. Sugg Middle School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This property presents a compelling entry point in the Bradenton market, characterized by an exceptionally high rental yield that suggests strong cash-on-cash potential. A monthly cash flow of $1,278 is robust, yet this figure must be viewed through a conservative lens regarding long-term maintenance and potential insurance premium hikes prevalent in Florida. While the sub-$250k price point offers an attractive barrier to entry, investors should budget for potential flood zone premiums and property management overhead. Given the solid 4% appreciation forecast and superior yield metrics, the asset serves as a solid income-producing vehicle, provided the owner maintains a rigorous reserve fund for unexpected capital expenditures in this coastal climate.
- • High rental yield exceeding 12%
- • Affordable entry price point
- • Positive cash flow provides a significant buffer against vacancies
- • Bradenton's steady population growth supports long-term appreciation
- • Florida-specific insurance costs and potential climate risks
- • Age of property requires a thorough inspection for deferred maintenance
- • Yield may compress if interest rates remain high or property taxes rise
- • Market volatility in coastal regions
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-20 | Price change | $232,000 | $143 |
| 2026-08-17 | Listed for sale | $241,000 | $148 |
| 2026-08-10 | Pending sale | $241,000 | $148 |
| 2026-08-04 | Listed for sale | $241,000 | $148 |
| 2026-06-22 | Sold | $276,600 | $170 |
| 1998-05-29 | Sold | $78,000 | $48 |
| 1996-05-30 | Sold | $55,900 | $34 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,423.99 | $185,994 |
| 2024 | $3,435.33 | $185,994 |
| 2023 | $3,327.4 | $171,559 |
| 2022 | $2,971.83 | $155,963 |
| 2021 | $591.8 | $64,626 |
| 2020 | $589.98 | $63,734 |
| 2019 | $586.39 | $62,301 |
| 2018 | $586.39 | $61,139 |
| 2017 | $585.58 | $59,881 |
| 2016 | $563.24 | $58,649 |
| 2015 | $563.24 | $58,241 |
| 2014 | $563.24 | $57,779 |
| 2013 | $563.75 | $56,925 |
| 2012 | $1 | $64,203 |
| 2011 | $1 | $75,637 |
| 2010 | $0 | $82,878 |
| 2009 | $1,308.68 | $108,000 |
| 2008 | $1,679.33 | $111,300 |
| 2007 | $1,565.18 | $108,058 |
| 2006 | $1,657.26 | $105,422 |
| 2005 | $1,635.68 | $102,351 |
| 2004 | $1,937.02 | $90,520 |
| 2003 | $1,729.08 | $81,333 |
| 2002 | $1,605.65 | $75,227 |
| 2001 | $1,330.55 | $64,164 |
| 2000 | $1,302.65 | $61,750 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $24,485/yr
On $53,360 invested
Prime loan qualification
Equity + cumulative cash
Monthly Cash Flow Breakdown
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