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6 San Felipe 🏗️ New Construction
F Composite 34.71
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).

  • Cash flow +9.5/30.0
  • ARV discount +7.5/15.0
  • Condition / age +3.8/5.0
  • Livability +3.2/5.0
  • 1% rule +2.9/10.0
  • DSCR +2.7/10.0
  • Schools +2.7/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$262,990

6 San Felipe · Lakewood Park, FL 34951
3 bd · 2.0 ba · 1,460 sqft · SingleFamily · 6 Days on market
Built 2027 Good condition Garage

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

Listing remarks MLS

The Solara offers a spacious and thoughtfully designed layout that makes everyday living comfortable and enjoyable. With 1,460 square feet of well-used space, this three-bedroom home is a great fit for those who want room to spread out while still enjoying the low-maintenance lifestyle that Spanish Lakes is known for. A welcoming foyer leads into the open great room and dining area, creating a bright central hub for relaxing, hosting guests, or enjoying quiet evenings at home. Large windows bring in plenty of natural light, and the seamless connection to the outdoor living area is a great set-up for entertaining. The kitchen sits just off the dining space and features a smart layout with an island, ample counter space, cabinetry, and a pantry. It keeps everything within easy reach and allows you to stay connected to the main living area. The owners suite is positioned at the back of the home for privacy and features a walk-in closet, and a well-appointed bathroom with double sinks. Bedrooms 2 and 3 are located off the foyer hallway and share a convenient full bathroom. This layout works well whether you want space for visiting family, hobbies, or a home office.

Key facts

  • Smart layout
  • Walk-in closet
  • Dining area

Tags

OPEN GREAT ROOMDINING AREASMART LAYOUTWALK-IN CLOSETWELL-APPOINTED BATHROOMDEDICATED LAUNDRY ROOM

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction. The $262,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $299,411.

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $263k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-206 ($-2k/yr) — negative.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (10.3% below list).
  • Recommended offer: $236k (10.3% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 63/100 on livability (#719 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
  • 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: Weatherbee Elementary School (math 32% / reading 32%, grade F, #1,797 of 2,144 statewide, top 86%, 672 students, 90% FRL); Dan Mccarty Middle School (math 23% / reading 23%, grade F, #542 of 571 statewide, top 95%, 747 students, 88% FRL); Fort Pierce Westwood Academy The W.E.S.T. Prep Magnet (math 16% / reading 36%, grade F, #494 of 667 statewide, top 75%, 2,010 students, 75% FRL) — zoned schools average 85% FRL vs 59% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 27% at this address vs 44% district-wide (-17 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
  • Market conditions: 427 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 45% 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).
  • This rent runs 45% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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

  • Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
  • 2 sale attempts 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

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $235,886 (10.3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  4. 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?
  5. 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.
  6. 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.
  7. 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
0.79%
Cap rate
5.47%
Cash-on-cash
-2.94%
DSCR
0.87
GRM
10.6

CMA / ARV

ARV (median comp)
$299,411
List price
$262,990
Delta
-12.16%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
6020 Spring Lake Ter 0.21mi 3/2.0 1,437 (-2%) 1mo $308,000 $214 86
6501 Ocala Ave 0.11mi 2/2.0 (-1) 1,435 (-2%) 3mo $365,000 $254 85
48 Montoya 0.36mi 3/2.0 1,460 (0%) 0mo $243,990 $167 83
5726 Sterling Lake Dr 0.41mi 3/2.0 1,406 (-4%) 2mo $280,000 $199 73
5743 Sunberry Cir 0.54mi 3/2.0 1,513 (+4%) 0mo $299,000 $198 69
5612 Deleon Ave 0.53mi 4/2.0 (+1) 1,456 (-0%) 2mo $370,000 $254 68
5730 Sunberry Cir 0.53mi 3/2.0 1,513 (+4%) 3mo $300,000 $198 67
6901 Santa Clara Blvd 0.66mi 3/2.0 1,477 (+1%) 1mo $340,990 $231 66
6801 Lakeland Blvd 0.51mi 2/2.0 (-1) 1,436 (-2%) 3mo $333,000 $232 66
6802 Ocala Ave 0.28mi 4/1.5 (+1) 1,298 (-11%) 3mo $248,000 $191 59
6903 Santa Rosa Pkwy 0.51mi 3/2.0 1,263 (-14%) 2mo $319,888 $253 52
7503 Kenwood Rd 0.70mi 3/2.0 1,624 (+11%) 3mo $342,500 $211 46

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
-21.2%
Equity multiple
0.27×
Total profit
$-61,581
Equity at exit
$44,643
10-year hold
IRR
-14.7%
Equity multiple
0.16×
Total profit
$-70,345
Equity at exit
$25,888

Cash invested: $83,835 (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
69 active · 54 under contract
Months of supply
9.9 mo (10%/mo absorbed)
Median asking
$279,990 ($206/sqft)
Median days on market
36 d
This list price
32% of active listings are priced below it
ARV vs active asking
-0.3% 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
9.3×

Monthly cashflow live

Estimated rent
$2,359 high interval (Pro) →
Mortgage (P&I)
$1,570
Tax est. 1.5%
$374 /mo · $4,491/yr
Insurance
$125
HOA
$0
Vacancy / Maint / Mgmt
$495
Net cashflow
$-206

Break-even live

Break-even rent $2,619
Max offer price $269,651
Occupancy floor

Sensitivity live

Price -10% $1 -5% $-102 +0% $-206 +5% $-309 +10% $-413
Rent -10% $-392 -5% $-299 +0% $-206 +5% $-112 +10% $-19
Rate -1.0pp $-55 -0.5pp $-130 base $-206 +0.5pp $-283 +1.0pp $-362

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
$74,853
Closing costs
$8,982
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 29 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6305 Spring Lake Ter Fort Pierce, FL 3.0 2.0 1416 $2,100 $1.48 6d 1 0.06mi
6020 Spring Lake Ter Fort Pierce, FL 3.0 2.0 1437 $2,100 $1.46 6d 1 0.20mi
6104 Santa Margarito Dr Fort Pierce, FL 3.0 3.0 1744 $2,500 $1.43 6d 1 0.37mi
6906 Ocala Ave Fort Pierce, FL 3.0 2.0 1175 $1,955 $1.66 109d 1 0.39mi
5642 Sunberry Cir Fort Pierce, FL 3.0 2.0 1377 $1,950 $1.42 119d 1 0.48mi
5605 Winter Garden Pkwy Fort Pierce, FL 3.0 2.0 1410 $2,700 $1.91 6d 1 0.53mi
5510 Shannon Dr Fort Pierce, FL 3.0 2.0 1594 $2,350 $1.47 109d 1 0.59mi
7008 Salerno Rd Fort Pierce, FL 3.0 2.0 1400 $2,250 $1.61 6d 1 0.61mi
7403 Winter Garden Pkwy Fort Pierce, FL 3.0 2.0 1372 $2,200 $1.60 117d 1 0.65mi
5747 Deer Run Dr Unit 1l Fort Pierce, FL 2.0 2.0 960 $1,800 $1.88 6d 1 0.68mi
7410 Santa Rosa Pkwy Fort Pierce, FL 3.0 2.0 1401 $2,200 $1.57 6d 1 0.75mi
6707 Coquina Ave Fort Pierce, FL 3.0 2.0 1478 $2,400 $1.62 6d 1 0.77mi
7500 Pensacola Rd Fort Pierce, FL 3.0 2.0 1125 $2,150 $1.91 109d 1 0.78mi
7402 Lakeland Blvd Fort Pierce, FL 3.0 3.0 1434 $2,400 $1.67 6d 1 0.81mi
7704 Pacific Ave Fort Pierce, FL 3.0 2.0 1719 $2,500 $1.45 109d 1 0.89mi
7503 Paso Robles Blvd Fort Pierce, FL 3.0 2.0 1260 $2,000 $1.59 119d 1 0.97mi
8001 Hibiscus Rd Fort Pierce, FL 3.0 2.0 988 $1,980 $2.00 6d 1 1.01mi
5344 Oakland Lake Cir Fort Pierce, FL 3.0 2.0 1460 $2,300 $1.58 6d 1 1.08mi
2450 8th Ave SW Vero Beach, FL 3.0 2.0 1388 $2,100 $1.51 116d 1 1.10mi
7105 North Blvd Fort Pierce, FL 2.0 2.0 1008 $1,975 $1.96 6d 1 1.10mi
6602 Palomar Pkwy Unit A Fort Pierce, FL 3.0 1.0 1200 $2,000 $1.67 119d 1 1.11mi
5234 Oakland Lake Cir Fort Pierce, FL 3.0 2.0 1460 $2,300 $1.58 109d 1 1.14mi
6514 Flora Way Fort Pierce, FL 3.0 2.0 1404 $2,135 $1.52 0d 1 1.16mi
2390 6th Way SW Vero Beach, FL 3.0 2.0 1362 $2,350 $1.73 4d 1 1.17mi
5010 Killarney Ave Unit A Fort Pierce, FL 2.0 1.0 1720 $1,500 $0.87 119d 1 1.19mi
985 23rd Pl SW Vero Beach, FL 3.0 2.0 1176 $2,200 $1.87 116d 1 1.23mi
2320 Water Oaks Ln Vero Beach, FL 2.0 2.0 1650 $2,400 $1.45 6d 1 1.35mi
5317 Vespera St Fort Pierce, FL 3.0 2.0 1765 $2,500 $1.42 6d 1 1.42mi
2320 Water Oaks Ln Unit 111 Vero Beach, FL 3.0 2.0 1811 $3,500 $1.93 116d 1 1.42mi

Property features AI

Finance

Other
Pets allowed (with number limit)
HOA & community
Senior community

Exterior

Parking
Attached garage (1-car) with one covered space and driveway parking (total 2 spaces)
Security
Smoke detector(s)
Utilities
Public waterPublic sewerSewer and water available
Home design
Single-family residenceOne storyNew constructionFaces south
Construction
Stucco and CBS constructionMetal roofBuilt by Holiday Builders (model: Solara)
Exterior features
Covered patioPatio

Interior

Kitchen
Electric rangeMicrowaveDishwasher
Bedrooms
Three main-level bedrooms
Flooring
Carpet
Bathrooms
Two full bathrooms on the main level
Heating & cooling
Central electric heatingCentral electric air conditioning
Interior features
Walk-in closetsSplit bedroom layoutSmoke detectors
Laundry & utility
Laundry closet with washer hookupIndoor laundry

Listing history 50 events

  1. 2026-09-24
    days on market $262,990 Active 6 DOM
  2. 2026-09-23
    days on market $262,990 Active 5 DOM
  3. 2026-09-22
    days on market $262,990 Active 4 DOM
  4. 2026-09-21
    days on market $262,990 Active 3 DOM
  5. 2026-09-20
    days on market $262,990 Active 2 DOM
  6. 2026-09-18
    days on marketlisting id $262,990 Active 1 DOM
  7. 2026-09-17
    days on market $262,990 Active 104 DOM
  8. 2026-09-16
    days on market $262,990 Active 103 DOM
  9. 2026-09-15
    days on market $262,990 Active 102 DOM
  10. 2026-09-14
    days on market $262,990 Active 101 DOM
  11. 2026-09-13
    days on market $262,990 Active 100 DOM
  12. 2026-09-12
    days on market $262,990 Active 99 DOM
  13. 2026-09-11
    days on market $262,990 Active 98 DOM
  14. 2026-09-05
    days on market $262,990 Active 92 DOM
  15. 2026-09-04
    days on market $262,990 Active 91 DOM
  16. 2026-09-03
    days on market $262,990 Active 90 DOM
  17. 2026-08-31
    days on market $262,990 Active 87 DOM
  18. 2026-08-30
    days on market $262,990 Active 86 DOM
  19. 2026-08-29
    days on market $262,990 Active 85 DOM
  20. 2026-08-28
    days on market $262,990 Active 84 DOM
  21. 2026-08-27
    days on market $262,990 Active 83 DOM
  22. 2026-08-26
    days on market $262,990 Active 82 DOM
  23. 2026-08-25
    days on market $262,990 Active 81 DOM
  24. 2026-08-24
    days on market $262,990 Active 80 DOM
  25. 2026-08-23
    days on market $262,990 Active 79 DOM
  26. 2026-08-22
    days on market $262,990 Active 78 DOM
  27. 2026-08-21
    days on market $262,990 Active 77 DOM
  28. 2026-08-20
    days on market $262,990 Active 76 DOM
  29. 2026-08-19
    days on market $262,990 Active 75 DOM
  30. 2026-08-18
    days on market $262,990 Active 74 DOM
  31. 2026-08-17
    days on market $262,990 Active 73 DOM
  32. 2026-08-16
    days on market $262,990 Active 72 DOM
  33. 2026-08-15
    days on market $262,990 Active 71 DOM
  34. 2026-08-14
    days on market $262,990 Active 70 DOM
  35. 2026-08-13
    days on market $262,990 Active 69 DOM
  36. 2026-08-12
    days on market $262,990 Active 68 DOM
  37. 2026-08-11
    days on market $262,990 Active 67 DOM
  38. 2026-08-10
    days on market $262,990 Active 66 DOM
  39. 2026-08-09
    days on market $262,990 Active 65 DOM
  40. 2026-08-08
    days on market $262,990 Active 64 DOM
  41. 2026-08-07
    days on market $262,990 Active 63 DOM
  42. 2026-08-06
    days on market $262,990 Active 62 DOM
  43. 2026-08-05
    days on market $262,990 Active 61 DOM
  44. 2026-08-04
    days on market $262,990 Active 60 DOM
  45. 2026-08-03
    days on market $262,990 Active 59 DOM
  46. 2026-07-31
    days on market $262,990 Active 56 DOM
  47. 2026-07-30
    days on market $262,990 Active 55 DOM
  48. 2026-07-29
    days on market $262,990 Active 54 DOM
  49. 2026-07-27
    days on market $262,990 Active 52 DOM
  50. 2026-07-25
    days on market $262,990 Active 50 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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
$28,306
− Mortgage interest
−$16,772
− Property taxes
−$4,491
− Insurance
−$1,497
− Repairs & maintenance
−$2,265
− Management
−$2,265
− Depreciation
−$8,710
Taxable loss
−$7,693
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,846
After-tax cash flow
$-622/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 · 4 photos

Good 75/100 Cosmetic rehab Est. rehab $7,300–$21,900 screening

This home is in good condition with a good condition score of 75. It has a cosmetic rehab level and requires minimal repairs or maintenance. The highest-ROI updates would be painting the exterior and landscaping improvements to enhance curb appeal and increase both resale and rental value.

Value-add opportunities

  • Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value
  • Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 27/100

Zoned Schools

Elementary Weatherbee Elementary School F FL #1,797/2,144 Nat'l #24,950/41,679 Middle Dan Mccarty Middle School F FL #542/571 Nat'l #11,007/14,009 High Fort Pierce Westwood Academy The W.e.s.t. Prep Magnet F FL #494/667 Nat'l #12,251/17,239

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
C Composite livability gradescore 63/100

Livability — Lakewood Park

Score
63/100
State rank
#719
US rank
#15407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Lakewood Park, FL
County
Saint Lucie County · 338,016 people
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

+0.0% since first listed
2 events — show timeline
  • 2026-09-18 Listed $262,990 Beaches MLS
  • 2026-06-05 Listed $262,990 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…