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61 E Caribbean
C Composite 55.41
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 +22.5/30.0
  • 1% rule +7.5/10.0
  • DSCR +7.5/10.0
  • ARV discount +7.5/15.0
  • Condition / age +4.0/5.0
  • Schools +3.2/10.0
  • Rent growth +3.0/5.0
  • Appreciation +2.5/10.0
  • Livability +2.5/5.0
  • Manufactured-home adj. -4.8

$78,000

61 E Caribbean · Port St. Lucie, FL 34952
2 bd · 2.0 ba · 1,350 sqft · Manufactured · 287 Days on market
Manufactured home 55+ age-restricted Built 1981 Good condition $58/sqft · 55% below area ↓ 7% since listing

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

Listing remarks

Live where every day feels like vacation at 61 East Caribbean, a beautifully maintained home located in Spanish Lakes Golf Village, one of Port St. Lucie's most desirable 55+ communities. This inviting property, with lot rent at $1,005., offers bright, open living spaces, a thoughtfully designed layout, and a serene outdoor setting ideal for relaxing or entertaining. With its convenient location near shopping, dining, parks, and the area's stunning beaches, this home delivers the Florida lifestyle so many dream of. Whether you're seeking a fulltime residence or a warm winter retreat, this property is ready to welcome its next owner.

Key facts

  • Near dining
  • Near shopping
  • Near beaches

Tags

OUTDOOR SETTINGCONVENIENT LOCATIONNEAR SHOPPINGNEAR DININGNEAR PARKSNEAR BEACHES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $78k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $703 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $78k).
  • Recommended offer: $69k (12.0% below list) — sets the bar for market timing.
  • Cap rate 17.1% vs local median 4.0% in Port St. Lucie — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
  • 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: Savanna Ridge Elementary School (math 40% / reading 45%, grade F, #1,383 of 2,144 statewide, top 65%, 452 students, 75% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Port St. Lucie High School (math 21% / reading 43%, grade F, #415 of 667 statewide, top 63%, 1,748 students, 67% FRL).
  • Market conditions: Rents rising (+1.9%/yr); 871 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
  • This rent runs 31% of the median local income ($62k/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 $539 of loan paydown is wiped out by about $2k 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.
  • At projected returns (-3.0% appreciation + 1.9% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 287 days — a 12% lower offer ($69k) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $68,640 (12.0% below list)

Questions for the listing agent

  1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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.
  5. 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.
  6. 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
2.02%
Cap rate
17.11%
Cash-on-cash
38.64%
DSCR
2.72
GRM
4.1

CMA / ARV

ARV (median comp)
$172,000
List price
$78,000
Delta
-54.65%
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
3118 Columbrina Cir 0.30mi 2/2.0 1,400 (+4%) 1mo $179,900 $129 79
19 W Caribbean 0.47mi 2/2.0 1,350 (0%) 2mo $32,000 $24 76
8498 Labelia Ct 0.17mi 2/2.0 1,226 (-9%) 1mo $250,000 $204 76
8475 Filifera Ct 0.31mi 3/2.0 (+1) 1,393 (+3%) 1mo $232,000 $167 74
11 Del Sol 0.52mi 2/2.0 1,350 (0%) 3mo $22,000 $16 73
3155 Columbrina Cir 0.31mi 2/2.0 1,487 (+10%) 3mo $175,400 $118 66
3 El Morrow 0.62mi 2/2.0 1,450 (+7%) 0mo $22,000 $15 58
8400 Gallberry Cir 0.41mi 2/2.0 1,544 (+14%) 0mo $84,000 $54 57
176 W Caribbean 0.54mi 2/2.0 1,164 (-14%) 2mo $35,000 $30 50
8125 Meadowlark Ln 0.64mi 2/2.0 1,509 (+12%) 3mo $107,000 $71 48
2808 Slice Ct 0.73mi 2/2.0 1,215 (-10%) 2mo $85,000 $70 48
8032 Meadowlark Ln 0.68mi 2/2.0 1,551 (+15%) 1mo $155,000 $100 42

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 · 1.92% rent growth · sell at horizon

5-year hold
IRR
33.6%
Equity multiple
2.40×
Total profit
$30,489
Equity at exit
$11,630
10-year hold
IRR
39.9%
Equity multiple
4.55×
Total profit
$77,539
Equity at exit
$6,744

Cash invested: $21,840 (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
84 active · 43 under contract
Months of supply
11.2 mo (9%/mo absorbed)
Median asking
$109,900 ($81/sqft)
Median days on market
91 d
This list price
33% of active listings are priced below it
ARV vs active asking
+56.6% above current asking $/sqft

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

ZIP-level market 34952

Home prices YoY
-29.6%
Rents YoY
1.9%
Active inventory
871
Price-to-rent
4.1×

Monthly cashflow live

Estimated rent
$1,573 high interval (Pro) →
Mortgage (P&I)
$409
Tax est. 1.5%
$98 /mo · $1,170/yr
Insurance
$32
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$330
Net cashflow
$703

Break-even live

Break-even rent $682
Max offer price $78,000
Occupancy floor 50%

Sensitivity live

Price -10% $757 -5% $730 +0% $703 +5% $676 +10% $649
Rent -10% $579 -5% $641 +0% $703 +5% $765 +10% $828
Rate -1.0pp $743 -0.5pp $723 base $703 +0.5pp $683 +1.0pp $663

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
$19,500
Closing costs
$2,340
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 32 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3784 Sapodilla Ct Port Saint Lucie, FL 2.0 2.0 1121 $2,300 $2.05 119d 1 0.30mi
71 W Caribbean Port St. Lucie, FL 2.0 2.0 1417 $1,700 $1.20 119d 1 0.42mi
1131 SE Parrish Ct Port Saint Lucie, FL 2.0 1.0 902 $2,000 $2.22 119d 1 0.48mi
2183 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1550 $1,900 $1.23 109d 1 0.58mi
2058 SE Wild Meadow Cir #101 Port St Lucie, FL 2.0 2.5 1425 $2,000 $1.40 6d 1 0.59mi
2058 SE Wild Meadow Cir #101 Port St Lucie, FL 2.0 2.5 1425 $2,200 $1.54 109d 1 0.59mi
2082 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1524 $1,850 $1.21 119d 1 0.59mi
2130 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1440 $1,695 $1.18 109d 1 0.61mi
1811 SE Walton Lakes Dr Port St Lucie, FL 1.0–2.0 1.0–2.0 1013 $2,163 $2.13 5d 10 0.63mi
2209 SE East Dunbrooke Cir Port St Lucie, FL 3.0 2.0 1212 $2,950 $2.43 6d 1 0.63mi
1810 SE Pinewood Trl Port St Lucie, FL 1.0–2.0 1.0–2.0 1013 $2,068 $2.04 2d 10 0.84mi
1900 Bella Vista Way Port St Lucie, FL 1.0–2.0 1.0–2.0 995 $1,804 $1.81 0d 17 0.92mi
2251 SE Rainier Rd Port St Lucie, FL 3.0 2.0 1153 $2,445 $2.12 6d 1 0.93mi
1955 SE Tiffany Ave Port St Lucie, FL 3.0 2.0 1288 $1,900 $1.48 6d 1 1.03mi
1500 SE Tiffany Club Pl Port St Lucie, FL 1.0–3.0 1.0–2.0 895 $1,872 $2.09 0d 14 1.09mi
59 El Camino Real Port St Lucie, FL 2.0 2.0 1451 $2,500 $1.72 6d 1 1.21mi
1502 SE Corvair Ct Port St Lucie, FL 2.0 2.0 875 $1,850 $2.11 6d 1 1.21mi
1537 SE Arenson Ln Port St Lucie, FL 2.0 1.0 901 $1,700 $1.89 6d 1 1.23mi
1516 SE Royal Green Cir #202 Port St Lucie, FL 3.0 2.0 921 $1,900 $2.06 6d 1 1.24mi
1520 SE Royal Green Cir #206 Port St Lucie, FL 2.0 2.0 886 $1,775 $2.00 3d 1 1.24mi
1520 SE Royal Green Cir #206 Port St Lucie, FL 2.0 2.0 886 $1,775 $2.00 6d 1 1.24mi
1520 SE Royal Green Cir Unit K-203 Port St. Lucie, FL 2.0 2.0 886 $1,800 $2.03 119d 1 1.24mi
1496 SE Colchester Cir Port St Lucie, FL 2.0 2.0 1041 $1,800 $1.73 6d 1 1.25mi
1455 SE Colchester Cir Port Saint Lucie, FL 2.0 2.0 921 $1,795 $1.95 109d 1 1.25mi
1537 SE Royal Green Cir Unit E204 Port St. Lucie, FL 2.0 2.0 886 $1,750 $1.98 109d 1 1.32mi
1431 SE Berwick Ct Port St Lucie, FL 2.0 2.0 1191 $2,200 $1.85 5d 1 1.33mi
1544 SE Royal Green Cir #204 Port St Lucie, FL 3.0 2.0 921 $2,000 $2.17 4d 1 1.35mi
2543 SE Ruskin Dr Port St Lucie, FL 3.0 2.5 1712 $2,800 $1.64 6d 1 1.35mi
1548 SE Royal Green Cir Unit M-103 Port St. Lucie, FL 2.0 2.0 886 $1,800 $2.03 119d 1 1.37mi
1548 SE Royal Green Cir #206 Port St Lucie, FL 2.0 2.0 886 $1,700 $1.92 6d 1 1.38mi
2410 SE Union Park Dr Port St Lucie, FL 3.0 2.5 1600 $2,100 $1.31 0d 1 1.47mi
2410 SE Union Park Dr Port St Lucie, FL 3.0 2.5 1600 $2,300 $1.44 6d 1 1.47mi

Property features AI

Finance

Other
Located east of US-1 in Spanish Lakes Golf Village; directions: after turning into Spanish Lakes Golf Village from Village Green Drive, turn left at the last stop sign, home is on the left
HOA & community
Association amenities include clubhouse, fitness center, pool, spa/hot tub, tennis courts, pickleball and shuffleboard courts, billiard and game rooms, library, community room, manager on site, golf, street lightsMonthly association fee appliesSenior communityPets allowed (number limit)

Exterior

Parking
Attached carport with 2 covered/carport spaces
Security
Security patrol
Utilities
Public waterPublic sewer220 volt electricCable availableUnderground utilitiesWater and sewer available
Home design
Manufactured homeSingle-storyFaces eastResale
Construction
Modular constructionComposition/shingle roof1,350 living area (owner source)
Exterior features
Screened patioPatioNot waterfront

Interior

Kitchen
DishwasherElectric rangeMicrowaveElectric water heater
Bedrooms
2 bedrooms on the main level
Flooring
Laminate
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Central heatingCentral air conditioning
Interior features
Split bedroom layoutFurnished
Laundry & utility
Laundry inside

Listing history 50 events

  1. 2026-09-24
    days on market $78,000 Active 287 DOM
  2. 2026-09-23
    days on market $78,000 Active 286 DOM
  3. 2026-09-22
    days on market $78,000 Active 285 DOM
  4. 2026-09-21
    days on market $78,000 Active 284 DOM
  5. 2026-09-20
    days on market $78,000 Active 283 DOM
  6. 2026-09-19
    days on market $78,000 Active 282 DOM
  7. 2026-09-18
    days on market $78,000 Active 281 DOM
  8. 2026-09-17
    days on market $78,000 Active 280 DOM
  9. 2026-09-16
    days on market $78,000 Active 279 DOM
  10. 2026-09-15
    days on market $78,000 Active 278 DOM
  11. 2026-09-14
    days on market $78,000 Active 277 DOM
  12. 2026-09-13
    days on market $78,000 Active 276 DOM
  13. 2026-09-12
    days on market $78,000 Active 275 DOM
  14. 2026-09-11
    days on market $78,000 Active 274 DOM
  15. 2026-09-05
    days on market $78,000 Active 268 DOM
  16. 2026-09-04
    days on market $78,000 Active 267 DOM
  17. 2026-09-03
    days on market $78,000 Active 266 DOM
  18. 2026-08-31
    days on market $78,000 Active 263 DOM
  19. 2026-08-30
    days on market $78,000 Active 262 DOM
  20. 2026-08-29
    days on market $78,000 Active 261 DOM
  21. 2026-08-28
    days on market $78,000 Active 260 DOM
  22. 2026-08-27
    days on market $78,000 Active 259 DOM
  23. 2026-08-26
    days on market $78,000 Active 258 DOM
  24. 2026-08-25
    days on market $78,000 Active 257 DOM
  25. 2026-08-24
    days on market $78,000 Active 256 DOM
  26. 2026-08-23
    days on market $78,000 Active 255 DOM
  27. 2026-08-22
    days on market $78,000 Active 254 DOM
  28. 2026-08-21
    days on market $78,000 Active 253 DOM
  29. 2026-08-20
    days on market $78,000 Active 252 DOM
  30. 2026-08-19
    days on market $78,000 Active 251 DOM
  31. 2026-08-18
    days on market $78,000 Active 250 DOM
  32. 2026-08-17
    days on market $78,000 Active 249 DOM
  33. 2026-08-16
    days on market $78,000 Active 248 DOM
  34. 2026-08-15
    days on market $78,000 Active 247 DOM
  35. 2026-08-14
    days on market $78,000 Active 246 DOM
  36. 2026-08-13
    days on market $78,000 Active 245 DOM
  37. 2026-08-12
    days on market $78,000 Active 244 DOM
  38. 2026-08-11
    days on market $78,000 Active 243 DOM
  39. 2026-08-10
    days on market $78,000 Active 242 DOM
  40. 2026-08-09
    days on market $78,000 Active 241 DOM
  41. 2026-08-08
    days on market $78,000 Active 240 DOM
  42. 2026-08-07
    days on market $78,000 Active 239 DOM
  43. 2026-08-06
    days on market $78,000 Active 238 DOM
  44. 2026-08-05
    days on market $78,000 Active 237 DOM
  45. 2026-08-04
    days on market $78,000 Active 236 DOM
  46. 2026-08-03
    days on market $78,000 Active 235 DOM
  47. 2026-07-31
    days on market $78,000 Active 232 DOM
  48. 2026-07-30
    days on market $78,000 Active 231 DOM
  49. 2026-07-29
    days on market $78,000 Active 230 DOM
  50. 2026-07-27
    days on market $78,000 Active 228 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 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$18,872
− Mortgage interest
−$4,369
− Property taxes
−$1,170
− Insurance
−$390
− Repairs & maintenance
−$1,510
− Management
−$1,510
− Depreciation
−$2,269
Taxable income
$7,654
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,837
After-tax cash flow
$6,603/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $6,750–$20,250 screening

This home is in good condition with a clean exterior and well-maintained interior. It has a good foundation and structure, and the HVAC and mechanical systems appear to be in good condition. The home has a good curb appeal and is ready for minor cosmetic upgrades to increase its value.

Value-add opportunities

  • Both Paint the exterior — Painting the exterior can enhance the home's curb appeal and increase its value.
  • Both Clean the windows — Clean windows can improve the home's appearance and increase its value.
  • Both Upgrade the flooring — Upgrading the flooring can improve the home's appearance and increase its value.
  • Both Paint the interior walls — Painting the interior walls can improve the home's appearance and increase its value.
  • Both Upgrade the HVAC system — Upgrading the HVAC system can improve the home's comfort and increase its value.
  • Both Landscaping improvements — Landscaping improvements can enhance the home's curb appeal and increase its 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 32/100

Zoned Schools

Elementary Savanna Ridge Elementary School F FL #1,383/2,144 Nat'l #17,692/41,679 Middle Dan Mccarty Middle School F FL #542/571 Nat'l #11,007/14,009 High Port St. Lucie High School F FL #415/667 Nat'l #10,416/17,239

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

Livability — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
Port St. Lucie, FL
County
Saint Lucie County · 338,016 people
City population
221,051
Metro
Port St. Lucie, FL
Population (ZIP)
42,655
Household income
$61,628
Rent vs Own
25.8% rent · 74.2% own
Severe rent burden
20% 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
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
White 62% Hispanic / Latino 19% Two or more races 14% Black 10% Asian 3%
Hispanic origin (detail)
Mexican 4% Puerto Rican 4% Cuban 2% Dominican 2%
Common ancestry
Romanian 3% Lithuanian 2% Hispanic 1%
Foreign-born
18% · Canada, Jamaica, China
Languages at home
76% English-only · Spanish 16% French/Haitian/Cajun 3% Tagalog/Filipino 2%

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

-7.1% since first listed
2 events — show timeline
  • 2026-02-27 Price Changed $78,000 Beaches MLS
  • 2025-12-10 Listed $84,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…