1743 W Royal Tern Ln #3 · Fort Pierce, FL 34982

$139,000

2 bd · 2.0 ba · 1,226 sqft · Condo public records · 105 Days on market

Built 1987 $460/mo HOA · 25% of rent

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Why this score? — see what drove the D+ 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 +14.9/30.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful, spacious, very clean California style with cathedral ceilings and clerestory windows. Eat in kitchen and screened in private courtyard porch.

Key facts

• $460 HOA
• 2 parking spots
• Community pool

Property features AI

Finance

• Financial info: Community contains 212 units; Pets allowed (pet restrictions possible)
• HOA & community: Has association; Monthly HOA fee (amount provided in source); Community amenities include pool, tennis courts, picnic area, community room, street lights, and other shared facilities; HOA covers cable TV, internet, insurance, grounds maintenance, sewer, trash, water, common areas, roof repairs, and pool service

Exterior

• Parking: 2 parking spaces; No carport
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Single-story; Faces east; Resale
• Construction: Concrete/Stucco/CBS construction; Composition shingle roof; Built as CBS (concrete block construction)
• Exterior features: Porch; Glass-enclosed porch; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central individual heating; Central individual cooling
• Interior features: Walk-in closet(s); Unfurnished
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $139k.

Deal economics

• At list price, monthly cash flow is $41 ($493/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $126k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.7% in Fort Pierce — 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 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: 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 Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL) — zoned schools average 80% FRL vs 59% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 44% district-wide (-16 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+7.4%/yr); 336 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k 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 + 7.4% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,490 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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: 1.31% ✓
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.42% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.71×
• Total profit: $-11,119
• Equity at exit: $20,725

10-year hold

• IRR: 8.7%
• Equity multiple: 1.85×
• Total profit: $33,069
• Equity at exit: $12,018

Cash invested: $38,920 (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 34982

• Home prices YoY: -33.4%
• Rents YoY: 7.4%
• Active inventory: 336
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,827 high
• Mortgage (P&I): −$729
• Tax from tax record: −$156 /mo · $1,868/yr
• Insurance: −$58
• HOA: −$460
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $41

Break-even live

Break-even rent $1,775

Max offer price $139,000

Occupancy floor 93%

Sensitivity live

Price	-10% $120	-5% $80	+0% $41	+5% $2	+10% $-38
Rent	-10% $-103	-5% $-31	+0% $41	+5% $113	+10% $185
Rate	-1.0pp $111	-0.5pp $76	base $41	+0.5pp $5	+1.0pp $-32

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1739 N Dovetail Dr Fort Pierce, FL	2.0	2.0	1230	$1,750	$1.42	24d	1	0.14mi
1747 N Dovetail Dr Unit A Fort Pierce, FL	2.0	2.0	1286	$2,100	$1.63	24d	1	0.17mi
1829 Sandhill Crane Dr Unit B2 Fort Pierce, FL	2.0	2.0	1334	$2,000	$1.50	24d	1	0.19mi
3200 S US Highway 1 Fort Pierce, FL	2.0–3.0	1.0–2.0	1144	$1,509	$1.32	15d	1	0.26mi
1804 Blue Heron Ln Unit C Fort Pierce, FL	2.0	2.0	1286	$1,900	$1.48	24d	1	0.26mi
1772 N Dovetail Dr Unit C Fort Pierce, FL	2.0	2.0	1230	$2,100	$1.71	24d	1	0.29mi
3030 S US Highway 1 Fort Pierce, FL	3.0	2.0	1184	$1,774	$1.50	15d	1	0.38mi
916 Savannas Point Dr Fort Pierce, FL	2.0	2.0	1120	$2,100	$1.88	15d	1	0.47mi
3300 S 7th St Unit B Fort Pierce, FL	2.0	1.0	800	$1,595	$1.99	24d	1	0.50mi
802 N Lake Dr Unit B Fort Pierce, FL	2.0	1.0	1000	$1,550	$1.55	24d	1	0.50mi
322 Colony Ln Unit C Fort Pierce, FL	1.0	1.5	816	$1,375	$1.69	24d	1	0.52mi
800 Kanner Dr Unit B Fort Pierce, FL	2.0	1.0	900	$1,550	$1.72	15d	1	0.52mi
605 Ixoria Ave Fort Pierce, FL	2.0	2.0	744	$1,450	$1.95	15d	2	0.64mi
605 Ixoria Ave #15 Fort Pierce, FL	2.0	2.0	744	$1,500	$2.02	24d	1	0.66mi
1219 S Lakes End Dr Unit 2 Fort Pierce, FL	2.0	2.0	1186	$1,500	$1.26	15d	1	0.66mi
617 Ixoria Ave Unit 2A Fort Pierce, FL	2.0	2.5	764	$1,500	$1.96	24d	1	0.70mi
928 Fra Mar Pl Fort Pierce, FL	3.0	1.0	1440	$2,000	$1.39	24d	1	0.70mi
410 Palm Ave Apt B Fort Pierce, FL	2.0	1.0	800	$1,400	$1.75	15d	1	0.75mi
947 Fra Mar Pl Fort Pierce, FL	2.0	1.0	768	$1,700	$2.21	24d	1	0.76mi
2902 Oleander Blvd Fort Pierce, FL	3.0	2.0	1276	$2,700	$2.12	24d	1	0.80mi
2625 Heathcote Dr Unit 2623 Fort Pierce, FL	2.0	2.0	1000	$1,700	$1.70	24d	1	0.93mi
2625 Heathcote Dr Unit 2647 Fort Pierce, FL	2.0	2.0	1000	$1,700	$1.70	22d	1	0.93mi
2625 Heathcote Dr Unit 2631 Fort Pierce, FL	2.0	2.0	1000	$1,700	$1.70	15d	1	0.93mi
115 Maple Ave Fort Pierce, FL	3.0	1.0	1008	$1,999	$1.98	24d	1	0.97mi
4166 Gator Trace Villas Cir Unit B Fort Pierce, FL	3.0	2.0	1336	$2,200	$1.65	24d	1	1.20mi
4215 Gator Trace Ave Unit G Fort Pierce, FL	2.0	2.0	1200	$2,200	$1.83	24d	1	1.34mi
2050 Oleander Blvd Unit 703 Fort Pierce, FL	2.0	2.0	1014	$1,800	$1.78	24d	1	1.38mi
1717 Linwood Ave Fort Pierce, FL	2.0	1.0	712	$1,800	$2.53	24d	1	1.42mi
4591 Whispering Pines Ln Fort Pierce, FL	2.0	1.0–2.0	576	$1,850	$3.21	24d	1	1.45mi
2302 Sunrise Blvd #201 Fort Pierce, FL	2.0	1.0	966	$1,500	$1.55	24d	1	1.47mi

HOA detail condo

• Monthly dues: $460 · $5,520/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-21
   days on market $139,000 Active 105 DOM
2. 2026-06-18
   days on market $139,000 Active 102 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   pricedays on market $139,000 Active 101 DOM
5. 2026-06-16
   days on market $149,000 Active 100 DOM
6. 2026-06-15
   days on market $149,000 Active 99 DOM
7. 2026-06-14
   days on market $149,000 Active 97 DOM
8. 2026-06-13
   days on market $149,000 Active 96 DOM
9. 2026-06-10
   days on market $149,000 Active 94 DOM
10. 2026-06-09
    days on market $149,000 Active 93 DOM
11. 2026-06-08
    days on market $149,000 Active 92 DOM
12. 2026-06-07
    days on market $149,000 Active 91 DOM
13. 2026-06-05
    days on market $149,000 Active 88 DOM
14. 2026-06-03
    days on market $149,000 Active 87 DOM
15. 2026-06-02
    days on market $149,000 Active 86 DOM
16. 2026-06-01
    days on market $149,000 Active 85 DOM
17. 2026-05-31
    days on market $149,000 Active 84 DOM
18. 2026-05-30
    days on market $149,000 Active 83 DOM
19. 2026-03-06
    listed $149,000 Active
20. 2021-03-15
    soldstatus $122,000
21. 2021-03-11
    soldstatus $122,000 Closed 152-char remark

    Show marketing remark (152 chars)

    Beautiful, spacious, very clean California style with cathedral ceilings and clerestory windows. Eat in kitchen and screened in private courtyard porch.

22. 2021-03-04
    status Pending 152-char remark

    Show marketing remark (152 chars)

    Beautiful, spacious, very clean California style with cathedral ceilings and clerestory windows. Eat in kitchen and screened in private courtyard porch.

23. 2021-01-10
    listed $124,900 Active 152-char remark

    Show marketing remark (152 chars)

    Beautiful, spacious, very clean California style with cathedral ceilings and clerestory windows. Eat in kitchen and screened in private courtyard porch.

24. 2016-05-05
    soldstatus $58,000
25. 2001-11-13
    soldstatus $59,500 209-char remark

    Show marketing remark (209 chars)

    BEAUTIFUL, VERY CLEAN CALIFORNIA STYLE UNIT WITH CATHEDRAL CEILINGS AND CLERESTORY WINDOWS. EAT IN KITCHEN AND SCREENED IN PRIVATE COURTYARD PORCH. GRAB BARS IN BOTH BATHS, EXTRA SHELVING, RACKS, AND CABINETS.

26. 2001-10-02
    historical 209-char remark

    Show marketing remark (209 chars)

    BEAUTIFUL, VERY CLEAN CALIFORNIA STYLE UNIT WITH CATHEDRAL CEILINGS AND CLERESTORY WINDOWS. EAT IN KITCHEN AND SCREENED IN PRIVATE COURTYARD PORCH. GRAB BARS IN BOTH BATHS, EXTRA SHELVING, RACKS, AND CABINETS.

27. 2001-08-27
    listed $59,900 209-char remark

    Show marketing remark (209 chars)

    BEAUTIFUL, VERY CLEAN CALIFORNIA STYLE UNIT WITH CATHEDRAL CEILINGS AND CLERESTORY WINDOWS. EAT IN KITCHEN AND SCREENED IN PRIVATE COURTYARD PORCH. GRAB BARS IN BOTH BATHS, EXTRA SHELVING, RACKS, AND CABINETS.

28. 1997-05-02
    soldstatus $42,500
29. 1993-10-25
    soldstatus $55,000
30. 1993-05-28
    soldstatus $46,666

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,868 · $156/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 8 d/yr ≥106°F today · 27 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: $21,929
• − Mortgage interest: −$7,786
• − Property taxes: −$1,868
• − Insurance: −$695
• − Repairs & maintenance: −$1,754
• − Management: −$1,754
• − HOA: −$5,520
• − Depreciation: −$4,044
• Taxable loss: −$1,493
• Est. tax savings @ 24.0%: +$358
• After-tax cash flow: $851/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.

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 — 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

• Census place: Fort Pierce, FL
• County: Saint Lucie County · 337,150 people
• City population: 78,556
• Metro: Port St. Lucie, FL
• Population (ZIP): 31,143
• Household income: $54,082
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 1086.0

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: Majority White (62%)
• Race & ethnicity: White 62% Hispanic / Latino 22% Two or more races 12% Black 12%
• Hispanic origin (detail): Mexican 10% Puerto Rican 3% Cuban 3%
• Common ancestry: Italian 7% Hispanic 2% Lithuanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% French/Haitian/Cajun 3%

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: —

Market trends

• HPI YoY: ▼ -199.47%
• Current HPI: 397.2649
• Rent YoY: ▲ 7.42%
• 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

+219.3% since first listed

12 events — show timeline

• 2026-03-06 Listed $149,000 Beaches MLS
• 2021-03-15 Sold (Public Records) $122,000 Public Records
• 2021-03-11 Sold (MLS) $122,000 Beaches MLS
• 2021-03-04 Pending — Beaches MLS
• 2021-01-10 Listed $124,900 Beaches MLS
• 2016-05-05 Sold (Public Records) $58,000 Public Records
• 2001-11-13 Sold (MLS) $59,500 Beaches MLS
• 2001-10-02 Listing Removed — Beaches MLS
• 2001-08-27 Listed $59,900 Beaches MLS
• 1997-05-02 Sold (Public Records) $42,500 Public Records
• 1993-10-25 Sold (Public Records) $55,000 Public Records
• 1993-05-28 Sold (Public Records) $46,666 Public Records

Property tax history

+21.5%/yr

Latest (2025): $1,868 · +4.0% YoY. Source: county tax records.