1943 SW Palm City Rd Unit 22G · Stuart, FL 34994

$120,000

2 bd · 1.0 ba · 819 sqft · Condo · 90 Days on market

Built 1972 Good condition $147/sqft · 15% above area Est $105k · 15% over $721/mo HOA · 33% 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 +20.6/30.0
• 1% rule +10.0/10.0
• DSCR +6.6/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +2.3/5.0
• ARV discount +0.9/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover Martin Country's best kept secret for these seeking an active 55+ community- Monterey Yacht and Country Club! Enjoy resort-style living in this beautifully maintained and updated 2 BR, 2-bath condo. Updated kitchen with newer appliances. Updated bath with medicine cabinet and new lighting. Brand new AC! Sliders on lanai add additional AC living space with beautiful views of the golf course. Ceramic tile in kitchen and foyer, vinyl plank flooring in dining room and bathroom, plush carpet in living room and bedrooms (just cleaned). Fabulous location in the community just steps from the pool and clubhouse. HOA fees include unlimited golf, cable/internet, water/sewer, trash, insurance on the building, bocce, community fishing pier/kayak launch, etc. (see supplements). Perfect location in Stuart- 5 minutes from downtown, 10 minutes to highways. Tons of community parties and activities to keep you busy year-round! Furniture included. Motivated seller- bring all offers!

Key facts

• New lighting
• Updated bath
• Newer appliances

Tags

• UPDATED KITCHEN
• NEWER APPLIANCES
• UPDATED BATH
• NEW LIGHTING
• BRAND NEW AC
• ADDITIONAL AC LIVING SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $120k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 4.1% in Stuart — 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 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
• Martin (suburban): math 52% / reading 53% proficiency, ranked #24 of 73 in FL (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 42% 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 $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y 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.
• Current owner paid $34k; list at $120k implies a 253% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: major flood risk; 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 $112,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.80% ✓
• Cap rate: 7.90%
• Cash-on-cash: 5.74%
• DSCR: 1.26
• GRM: 4.6

CMA / ARV

• ARV (median comp): $104,679
• List price: $120,000
• Delta: 14.64%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.55×
• Total profit: $-15,082
• Equity at exit: $17,892

10-year hold

• IRR: -15.8%
• Equity multiple: 0.33×
• Total profit: $-22,551
• Equity at exit: $10,375

Cash invested: $33,600 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,166 high
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,800/yr
• Insurance: −$50
• HOA: −$721
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $161

Break-even live

Break-even rent $1,962

Max offer price $120,000

Occupancy floor 88%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 S Kanner Hwy Unit 2-203 Stuart, FL	2.0	2.0	1086	$1,800	$1.66	14d	1	0.17mi
1950 SW Palm City Rd Stuart, FL	2.0	2.0	1031	$3,150	$3.05	23d	3	0.22mi
1950 SW Palm City Rd Unit 4-4205 Stuart, FL	2.0	2.0	938	$2,400	$2.56	14d	1	0.22mi
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	14d	3	0.40mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	14d	16	0.56mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$2,000	$2.35	14d	4	0.75mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.5	1062	$2,000	$1.88	23d	5	0.75mi
950 S Kanner Hwy Stuart, FL	2.0	2.0	1019	$1,888	$1.85	21d	3	0.75mi
2819 SW Cornell Ave Palm City, FL	2.0	1.5	1060	$2,150	$2.03	21d	1	0.81mi
801 SE Central Pkwy #7 Stuart, FL	2.0	2.0	1046	$2,150	$2.06	14d	1	0.81mi
801 SE Central Ave Stuart, FL	3.0	1.0	899	$2,300	$2.56	14d	1	1.09mi
633 SW Cleveland Ave Stuart, FL	1.0	1.0	548	$2,100	$3.83	14d	1	1.10mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	23d	1	1.16mi
2118 SE Edler Dr Unit B Stuart, FL	2.0	2.0	876	$1,995	$2.28	23d	1	1.17mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$1,900	$2.28	21d	1	1.17mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$3,800	$4.57	23d	1	1.17mi
2124 SE Edler Dr Stuart, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.17mi
524 SW St Lucie Cres Stuart, FL	1.0	1.0	610	$1,925	$3.16	14d	5	1.19mi
906 SE Tarpon Ave Unit B Stuart, FL	1.0	1.0	600	$1,350	$2.25	23d	1	1.20mi
544 SW 35th St Palm City, FL	2.0	1.0	850	$1,850	$2.18	23d	1	1.23mi
1485 SW Silver Pine Way Unit 107 B-2 Palm City, FL	1.0	1.0	830	$1,650	$1.99	23d	1	1.25mi
664 SW 35th St Unit 6 Palm City, FL	2.0	1.5	900	$1,850	$2.06	14d	1	1.26mi
664 SW 35th St Apt 3 Palm City, FL	2.0	1.5	900	$1,775	$1.97	14d	1	1.26mi
1215 SE Glenwood Dr Stuart, FL	2.0	2.0	1089	$1,859	$1.71	14d	10	1.27mi
3375 SW Mapp Rd Unit 204 Palm City, FL	3.0	2.0	1067	$2,300	$2.16	23d	1	1.34mi
1605 SW Silver Pine Way Unit F2 Palm City, FL	2.0	2.0	1111	$2,000	$1.80	23d	1	1.36mi
3031 SE Aster Ln Unit 608 Stuart, FL	2.0	2.0	1019	$1,870	$1.84	23d	1	1.39mi
3151 SE Aster Ln #1306 Stuart, FL	2.0	2.0	1034	$1,800	$1.74	23d	1	1.40mi
41 SW Seminole St Stuart, FL	3.0	1.0–2.5	1353	$13,167	$9.73	23d	3	1.45mi
3800 S Kanner Hwy Stuart, FL	3.0	1.0–2.0	970	$2,604	$2.68	14d	21	1.47mi

HOA detail condo

• Monthly dues: $721 · $8,652/yr
• Likely covers: watersewertrashinternetcablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $120,000 Active 90 DOM
2. 2026-06-17
   days on market $120,000 Active 89 DOM
3. 2026-06-16
   days on market $120,000 Active 88 DOM
4. 2026-06-15
   days on market $120,000 Active 87 DOM
5. 2026-06-14
   days on market $120,000 Active 85 DOM
6. 2026-06-13
   days on market $120,000 Active 84 DOM
7. 2026-06-10
   days on market $120,000 Active 82 DOM
8. 2026-06-09
   days on market $120,000 Active 81 DOM
9. 2026-06-08
   days on market $120,000 Active 80 DOM
10. 2026-06-07
    days on market $120,000 Active 79 DOM
11. 2026-06-03
    days on market $120,000 Active 75 DOM
12. 2026-06-02
    days on market $120,000 Active 74 DOM
13. 2026-06-01
    days on market $120,000 Active 73 DOM
14. 2026-05-31
    days on market $120,000 Active 72 DOM
15. 2026-05-31
    days on market $120,000 Active 71 DOM
16. 2026-03-20
    listed $120,000 Active 986-char remark

    Show marketing remark (986 chars)

    Discover Martin Country's best kept secret for these seeking an active 55+ community- Monterey Yacht and Country Club! Enjoy resort-style living in this beautifully maintained and updated 2 BR, 2-bath condo. Updated kitchen with newer appliances. Updated bath with medicine cabinet and new lighting. Brand new AC! Sliders on lanai add additional AC living space with beautiful views of the golf course. Ceramic tile in kitchen and foyer, vinyl plank flooring in dining room and bathroom, plush carpet in living room and bedrooms (just cleaned). Fabulous location in the community just steps from the pool and clubhouse. HOA fees include unlimited golf, cable/internet, water/sewer, trash, insurance on the building, bocce, community fishing pier/kayak launch, etc. (see supplements). Perfect location in Stuart- 5 minutes from downtown, 10 minutes to highways. Tons of community parties and activities to keep you busy year-round! Furniture included. Motivated seller- bring all offers!

17. 2010-03-09
    soldstatus $34,000 435-char remark

    Show marketing remark (435 chars)

    This is an exceptional 2nd floor unit with a glass enclosed balcony overlooking the golf course. Recently updated. Newer carpeting. White kitchen applicances, white cabinets, diagonal tile, extra work space. Tiled foyer. Nicely furnished. Sofa sleeper, 2 queen size beds, newer furniture, celing fans and humidistat. Community with UNLIMITED GOLF, billiard room, heated pool, 2 clubhouses, putting green, shuffleboard, library and more

18. 2010-03-09
    price $39,000 435-char remark

    Show marketing remark (435 chars)

    This is an exceptional 2nd floor unit with a glass enclosed balcony overlooking the golf course. Recently updated. Newer carpeting. White kitchen applicances, white cabinets, diagonal tile, extra work space. Tiled foyer. Nicely furnished. Sofa sleeper, 2 queen size beds, newer furniture, celing fans and humidistat. Community with UNLIMITED GOLF, billiard room, heated pool, 2 clubhouses, putting green, shuffleboard, library and more

19. 2010-01-12
    listed $34,000 435-char remark

    Show marketing remark (435 chars)

    This is an exceptional 2nd floor unit with a glass enclosed balcony overlooking the golf course. Recently updated. Newer carpeting. White kitchen applicances, white cabinets, diagonal tile, extra work space. Tiled foyer. Nicely furnished. Sofa sleeper, 2 queen size beds, newer furniture, celing fans and humidistat. Community with UNLIMITED GOLF, billiard room, heated pool, 2 clubhouses, putting green, shuffleboard, library and more

20. 2002-02-28
    soldstatus $43,500
21. 2002-01-23
    listed $43,500

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,990
• − Mortgage interest: −$6,722
• − Property taxes: −$1,800
• − Insurance: −$600
• − Repairs & maintenance: −$2,079
• − Management: −$2,079
• − HOA: −$8,652
• − Depreciation: −$3,491
• Taxable income: $566
• Est. tax owed @ 24.0%: −$136
• After-tax cash flow: $1,792/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 well-maintained and updated 2 BR, 2-bath condo is ready for new owners. The property features updated kitchen and bath, new AC, and a beautiful view of the golf course.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both painting — fresh paint can make a significant difference in appearance
• Both new flooring — new flooring can improve the overall look and feel of the home

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both painting — fresh paint can make a significant difference in appearance ↑
• Both new flooring — new flooring can improve the overall look and feel of the home ↑

ⓘ 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: Martin
• NCES district ID: 1201290
• Math proficiency: 52% ▼ -14.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $52,482
• Composite: 45.1/100
• National rank: #2690
• State rank: #24 of 73 in FL

Livability — Stuart

• Score: 84/100
• State rank: #39
• US rank: #790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

Population outlook (Martin County) Hauer SSP2

• Today (2025): 172,383 people
• By 2030: 180,192 · +4.5%
• By 2040: 194,114 · +12.6%
• By 2050: 204,992 · +18.9%
• By 2075: 229,641 · +33.2%
• By 2100: 232,146 · +34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 2% Other Indo-European 1%

Political lean MEDSL · Martin

• 2024 margin: Solid R (+31.1) · D 34.1% · R 65.2%
• 2008→2024 swing: -17.5pp toward R · 2008: -13.6pp · 2024: -31.1pp
• All cycles: 2024: R+31.1 2020: R+24.6 2016: R+26.9 2012: R+22.9 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• Metro: Port St. Lucie, 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

+175.9% since first listed

6 events — show timeline

• 2026-03-20 Listed $120,000 MCRTC
• 2010-03-09 Price Changed $39,000 MCRTC
• 2010-03-09 Sold (MLS) $34,000 MCRTC
• 2010-01-12 Listed $34,000 MCRTC
• 2002-02-28 Sold (MLS) $43,500 MCRTC
• 2002-01-23 Listed $43,500 MCRTC