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8626 Giovanni Ave #8628 🏗️ New Construction
F Composite 33.29
Why this score? — see what drove the F 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 +7.5/15.0
  • Cash flow +7.4/30.0
  • Condition / age +5.0/5.0
  • Livability +3.8/5.0
  • Schools +3.0/10.0
  • 1% rule +2.6/10.0
  • Rent growth +2.5/5.0
  • DSCR +1.5/10.0
  • Appreciation +0.0/10.0

$340,772

8626 Giovanni Ave #8628 · Fort Pierce, FL 34951
3 bd · 2.0 ba · 1,658 sqft · SingleFamily · 173 Days on market
Built 2026 Excellent condition 3,920 sqft lot 2-car garage $127/mo HOA · 5% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

New Construction complete Summer 2026. Who doesn't want a brand-new home! Step into this amazing Villa with water views and open concept floorplan. Enjoy your covered porch for the long summer afternoons with family and friends. Now is the time to purchase with $20,000. flex, no closing cost w/ Adams approved lenders. No flood zone.

Key facts

  • 3,920 sq ft lot
  • 2 garage spots
  • Community pool

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction. The $340,772 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $344,644.

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $341k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-443 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $281k (17.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (23.3% below list).
  • Recommended offer: $262k (23.3% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, amenities F, employment F.
  • St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Lakewood Park Elementary School (math 33% / reading 38%, grade F, #1,684 of 2,144 statewide, top 79%, 615 students, 87% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL) — zoned schools average 75% FRL vs 59% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 427 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
  • At $2,615/mo this rent would consume 50% of the median local household income ($63k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
  • St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 173 days — a 12% lower offer ($300k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $261,500 (23.3% 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 173 days. Have you received any prior offers? Is the seller open to a 23% 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.76%
Cap rate
4.75%
Cash-on-cash
-5.51%
DSCR
0.75
GRM
11.0

CMA / ARV

ARV (median comp)
$344,644
List price
$340,772
Delta
-1.12%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
8625 Giovanni Ave 0.03mi 3/2.0 1,658 (0%) 3mo $325,000 $196 96
5221 Armina Pl 0.22mi 4/2.0 (+1) 1,623 (-2%) 0mo $325,000 $200 81
5142 Armina Pl 0.19mi 4/2.0 (+1) 1,623 (-2%) 5mo $363,000 $224 79
5217 Manciano St 0.17mi 3/2.0 1,506 (-9%) 0mo $322,000 $214 76
8622 Giovanni Ave 0.01mi 4/3.0 (+1) 1,836 (+11%) 1mo $361,324 $197 72
5182 Armina Pl 0.23mi 3/2.0 1,477 (-11%) 2mo $306,000 $207 69
8642 Giovanni Ave 0.05mi 4/3.0 (+1) 1,836 (+11%) 4mo $332,324 $181 67
8652 Giovanni Ave 0.09mi 4/3.0 (+1) 1,836 (+11%) 5mo $339,324 $185 65
5739 Waterstone Blvd 0.56mi 3/2.0 1,780 (+7%) 1mo $391,000 $220 61
5293 San Benedetto Pl 0.32mi 4/2.0 (+1) 1,820 (+10%) 5mo $331,373 $182 60
5348 Vespera St 0.54mi 3/2.0 1,477 (-11%) 4mo $280,000 $190 53
8845 Waterstone Blvd 0.57mi 4/2.0 (+1) 1,820 (+10%) 2mo $406,000 $223 50

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
-25.7%
Equity multiple
0.13×
Total profit
$-83,939
Equity at exit
$51,388
10-year hold
IRR
-22.0%
Equity multiple
-0.13×
Total profit
$-108,939
Equity at exit
$29,799

Cash invested: $96,500 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
36 active · 23 under contract
Months of supply
9.8 mo (10%/mo absorbed)
Median asking
$375,000 ($208/sqft)
Median days on market
138 d
This list price
28% of active listings are priced below it
ARV vs active asking
+0.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34951

Home prices YoY
-23.6%
Active inventory
427
Price-to-rent
10.9×

Monthly cashflow live

Estimated rent
$2,615 high interval (Pro) →
Mortgage (P&I)
$1,807
Tax est. 1.5%
$431 /mo · $5,170/yr
Insurance
$144
HOA
$127
Vacancy / Maint / Mgmt
$549
Net cashflow
$-443

Break-even live

Break-even rent $3,176
Max offer price $280,555
Occupancy floor

Sensitivity live

Price -10% $-205 -5% $-324 +0% $-443 +5% $-562 +10% $-681
Rent -10% $-649 -5% $-546 +0% $-443 +5% $-340 +10% $-236
Rate -1.0pp $-269 -0.5pp $-355 base $-443 +0.5pp $-532 +1.0pp $-623

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
$86,161
Closing costs
$10,339
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 15 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5154 Armina Pl Fort Pierce, FL 3.0 2.0 1477 $2,350 $1.59 109d 1 0.22mi
5082 Armina Pl Fort Pierce, FL 3.0 2.0 1464 $2,500 $1.71 5d 1 0.25mi
5226 Armina Pl Fort Pierce, FL 4.0 2.0 2003 $2,875 $1.44 5d 1 0.26mi
5226 Armina Pl Fort Pierce, FL 4.0 2.0 2003 $2,950 $1.47 116d 1 0.26mi
5317 Vespera St Fort Pierce, FL 3.0 2.0 1765 $2,500 $1.42 5d 1 0.47mi
8674 Pavia St Fort Pierce, FL 4.0 2.0 1824 $2,600 $1.43 116d 1 0.50mi
5344 Oakland Lake Cir Fort Pierce, FL 3.0 2.0 1460 $2,300 $1.58 5d 1 0.86mi
5234 Oakland Lake Cir Fort Pierce, FL 3.0 2.0 1460 $2,300 $1.58 109d 1 0.90mi
7704 Pacific Ave Fort Pierce, FL 3.0 2.0 1719 $2,500 $1.45 109d 1 1.12mi
7410 Santa Rosa Pkwy Fort Pierce, FL 3.0 2.0 1401 $2,200 $1.57 5d 1 1.17mi
6602 Palomar Pkwy Unit A Fort Pierce, FL 3.0 1.0 1200 $2,000 $1.67 119d 1 1.33mi
5010 Killarney Ave Unit A Fort Pierce, FL 2.0 1.0 1720 $1,500 $0.87 119d 1 1.35mi
7403 Winter Garden Pkwy Fort Pierce, FL 3.0 2.0 1372 $2,200 $1.60 116d 1 1.37mi
5605 Winter Garden Pkwy Fort Pierce, FL 3.0 2.0 1410 $2,700 $1.91 5d 1 1.40mi
5510 Shannon Dr Fort Pierce, FL 3.0 2.0 1594 $2,350 $1.47 109d 1 1.43mi

Property features AI

Finance

Other
Pets allowed with no restrictions
HOA & community
Association: Atmos living management groupCommunity amenities include clubhouse, fitness center, picnic area, playground, parking, tennis courts, community room, heated pool, pickleball courts, sidewalks, street lights, and recreation facilitiesHOA fee (annual)

Exterior

Parking
Attached 2-car garageDriveway with 2 open/covered parking spaces
Security
Smoke detectors
Utilities
Public waterPublic sewer200+ amp electrical serviceSewer and water available
Home design
VillaOne storyNew constructionSouthwest facingEnergy-efficient features: insulation, efficient lighting, programmable thermostatSmoke detectors
Construction
Built by Adams Homes (model 1658)Stucco and CBS constructionFiberglass and shingle roof1,658 building area (per plans)
Exterior features
Covered patioPatioSidewalksLandscaped yardWaterfront: none

Interior

Kitchen
DishwasherDisposalElectric rangeMicrowaveElectric water heater
Bedrooms
Three main-level bedrooms
Flooring
CarpetCeramic tileTile
Bathrooms
Two full bathrooms (both on main level)
Heating & cooling
Central electric heatingCentral air conditioningCeiling fans
Interior features
High ceilingsVaulted ceilingsKitchen islandWalk-in closetsSplit bedroom layoutPull-down attic stairs
Laundry & utility
Laundry area in kitchen

HOA detail $127/mo · $1,524/yr

Likely covers
water

Listing history 50 events

  1. 2026-09-23
    days on market $340,772 Active 173 DOM
  2. 2026-09-22
    days on market $340,772 Active 172 DOM
  3. 2026-09-21
    days on market $340,772 Active 171 DOM
  4. 2026-09-20
    days on market $340,772 Active 170 DOM
  5. 2026-09-19
    days on market $340,772 Active 169 DOM
  6. 2026-09-18
    days on market $340,772 Active 168 DOM
  7. 2026-09-17
    days on market $340,772 Active 167 DOM
  8. 2026-09-16
    days on market $340,772 Active 166 DOM
  9. 2026-09-15
    days on market $340,772 Active 165 DOM
  10. 2026-09-14
    days on market $340,772 Active 164 DOM
  11. 2026-09-13
    days on market $340,772 Active 163 DOM
  12. 2026-09-12
    days on market $340,772 Active 162 DOM
  13. 2026-09-11
    days on market $340,772 Active 161 DOM
  14. 2026-09-05
    days on market $340,772 Active 155 DOM
  15. 2026-09-04
    days on market $340,772 Active 154 DOM
  16. 2026-09-03
    days on market $340,772 Active 153 DOM
  17. 2026-08-31
    days on market $340,772 Active 150 DOM
  18. 2026-08-30
    days on market $340,772 Active 149 DOM
  19. 2026-08-29
    days on market $340,772 Active 148 DOM
  20. 2026-08-28
    days on market $340,772 Active 147 DOM
  21. 2026-08-27
    days on market $340,772 Active 146 DOM
  22. 2026-08-26
    days on market $340,772 Active 145 DOM
  23. 2026-08-25
    days on market $340,772 Active 144 DOM
  24. 2026-08-24
    days on market $340,772 Active 143 DOM
  25. 2026-08-23
    days on market $340,772 Active 142 DOM
  26. 2026-08-22
    days on market $340,772 Active 141 DOM
  27. 2026-08-21
    days on market $340,772 Active 140 DOM
  28. 2026-08-20
    days on market $340,772 Active 139 DOM
  29. 2026-08-19
    days on market $340,772 Active 138 DOM
  30. 2026-08-18
    days on market $340,772 Active 137 DOM
  31. 2026-08-17
    days on market $340,772 Active 136 DOM
  32. 2026-08-16
    days on market $340,772 Active 135 DOM
  33. 2026-08-15
    days on market $340,772 Active 134 DOM
  34. 2026-08-14
    days on market $340,772 Active 133 DOM
  35. 2026-08-13
    days on market $340,772 Active 132 DOM
  36. 2026-08-12
    days on market $340,772 Active 131 DOM
  37. 2026-08-11
    days on market $340,772 Active 130 DOM
  38. 2026-08-10
    days on market $340,772 Active 129 DOM
  39. 2026-08-09
    days on market $340,772 Active 128 DOM
  40. 2026-08-08
    days on market $340,772 Active 127 DOM
  41. 2026-08-07
    days on market $340,772 Active 126 DOM
  42. 2026-08-06
    days on market $340,772 Active 125 DOM
  43. 2026-08-05
    days on market $340,772 Active 124 DOM
  44. 2026-08-04
    days on market $340,772 Active 123 DOM
  45. 2026-08-03
    pricedays on market $340,772 Active 122 DOM
  46. 2026-07-31
    days on market $328,772 Active 119 DOM
  47. 2026-07-30
    days on market $328,772 Active 118 DOM
  48. 2026-07-29
    days on market $328,772 Active 117 DOM
  49. 2026-07-27
    days on market $328,772 Active 115 DOM
  50. 2026-07-25
    days on market $328,772 Active 113 DOM

ⓘ 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 4/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$31,380
− Mortgage interest
−$19,305
− Property taxes
−$5,170
− Insurance
−$1,723
− Repairs & maintenance
−$2,510
− Management
−$2,510
− HOA
−$1,524
− Depreciation
−$10,026
Taxable loss
−$11,389
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,733
After-tax cash flow
$-2,582/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 · 6 photos

Excellent 100/100 None rehab

This new construction home is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from a fresh coat of paint and landscaping improvements to further enhance its curb appeal and value.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
  • Both Landscaping improvements — Enhances curb appeal and adds value to the property.
F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Lakewood Park Elementary School F FL #1,684/2,144 Nat'l #22,764/41,679 Middle Dan Mccarty Middle School F FL #542/571 Nat'l #11,007/14,009 High Fort Pierce Central High School F FL #441/667 Nat'l #10,947/17,239

Schools (NCES district)

District
St. Lucie
NCES district ID
1201770
Math proficiency
40% ▼ -11.00%
Reading proficiency
48% ▼ -4.00%
Median HH income
$44,737
Composite
37.28/100
National rank
#4449
State rank
#51 of 73 in FL
B Composite livability gradescore 76/100

Livability — Fort Pierce

Score
76/100
State rank
#226
US rank
#3360

Category grades

Amenities F Commute A+ Cost of living A+ Crime D+ Employment F Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Saint Lucie County · 338,016 people
City population
78,556
Metro
Port St. Lucie, FL
Population (ZIP)
17,148
Household income
$63,122
Rent vs Own
11.7% rent · 88.3% own
Severe rent burden
6% of renters

Population outlook (St. Lucie County) Hauer SSP2

Today (2025)
338,016 people
By 2030
355,687 · +5.2%
By 2040
385,521 · +14.1%
By 2050
406,106 · +20.1%
By 2075
441,054 · +30.5%
By 2100
436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (74%)
Race & ethnicity
White 74% Black 13% Hispanic / Latino 8% Two or more races 7% Asian 2%
Hispanic origin (detail)
Mexican 2% Puerto Rican 2% Cuban 2%
Common ancestry
Romanian 3% Italian 2% Lithuanian 2%
Foreign-born
10% · Canada, Jamaica, Vietnam
Languages at home
88% English-only · Spanish 7% French/Haitian/Cajun 3% Vietnamese 1%

Political lean MEDSL · St. Lucie

2024 margin
Lean R (+9.1) · D 45.1% · R 54.2%
2008→2024 swing
-21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
All cycles
2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

Civics

Price history

+1.6% since first listed
5 events — show timeline
  • 2026-06-06 Price Changed $328,772 Beaches MLS
  • 2026-05-20 Price Changed $329,572 Beaches MLS
  • 2026-04-18 Price Changed $323,572 Beaches MLS
  • 2026-04-06 Price Changed $341,724 Beaches MLS
  • 2026-04-03 Listed $323,572 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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