5629 SE Indigo Ave · Port Salerno, FL 34997

$5,000

2 bd · 2.0 ba · 1,564 sqft · SingleFamily public records · 8 Days on market

Built 1980

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is.''

Key facts

• Garage
• Built 1980
• Listed 7 days

Property features AI

Finance

• Other: Directions: From I-95 S take exit 101 east on Kanner Hwy, turn onto SE Indigo Ave to home

Exterior

• Parking: 1-car garage
• Home design: Residential property; 1 story
• Exterior features: Lot approximately 0.15 acres; Zoned R-2

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Single-story layout

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$472,328) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).
• Cap rate 475.2% vs local median 3.1% in Port Salerno — 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 70/100 on livability (#440 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: schools D, amenities F, commute F.
• 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 rising (+2.7%/yr); 588 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 39% of the median local income ($78k/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 $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 2.7% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 25y 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.

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 $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 50.34% ✓
• Cap rate: 475.21%
• Cash-on-cash: 1674.70%
• DSCR: 75.51
• GRM: 0.2

CMA / ARV

• ARV (on-the-fly): $472,328
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2916 SE Paramount Pl	0.27mi	3/2.0 (+1)	1,603 (+2%)	2mo	$540,000	$337	76
5620 SE Paramount Dr	0.23mi	3/2.0 (+1)	1,624 (+4%)	6mo	$490,000	$302	73
5335 SE Cable Dr	0.41mi	3/2.0 (+1)	1,641 (+5%)	2mo	$520,000	$317	66
5371 SE Cable Dr	0.32mi	3/2.0 (+1)	1,641 (+5%)	7mo	$504,000	$307	66
5569 SE Paramount Dr	0.26mi	3/2.0 (+1)	1,474 (-6%)	11mo	$440,000	$299	64
5227 SE Isabelita Ave	0.55mi	3/2.0 (+1)	1,588 (+2%)	8mo	$414,900	$261	60
5702 SE Laguna Ave	0.11mi	3/2.0 (+1)	1,777 (+14%)	10mo	$570,000	$321	59
3868 SE Grant St	0.57mi	2/2.0	1,757 (+12%)	2mo	$439,000	$250	51
3838 SE Grant St	0.55mi	3/2.0 (+1)	1,757 (+12%)	1mo	$445,000	$253	48
5487 SE Celestial Cir	0.45mi	2/1.5	1,338 (-14%)	7mo	$390,000	$291	47
3878 SE Grant St	0.58mi	3/2.0 (+1)	1,757 (+12%)	2mo	$450,000	$256	46
6361 SE Phillips Bend Ave	0.73mi	3/2.0 (+1)	1,330 (-15%)	6mo	$540,000	$406	31

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 · 2.71% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 88.81×
• Total profit: $122,935
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 189.89×
• Total profit: $264,452
• Equity at exit: $432

Cash invested: $1,400 (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 34997

• Rents YoY: 2.7%
• Active inventory: 588
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,517 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $1,954

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5601 SE Laguna Ave Stuart, FL	2.0	1.0	1080	$2,200	$2.04	14d	1	0.07mi
5688 SE Pine Ave Stuart, FL	3.0	2.0	1255	$2,510	$2.00	14d	1	0.14mi
5968 SE Avalon Dr Stuart, FL	2.0	2.0	1176	$2,800	$2.38	14d	1	0.40mi
3257 SE Brook St Unit 3234 Stuart, FL	2.0	2.0	1400	$2,119	$1.51	23d	1	0.71mi
6532 SE Broadmoor Ln Stuart, FL	3.0	2.0	1972	$3,300	$1.67	14d	1	0.80mi
6532 SE Broadmoor Ln Stuart, FL	3.0	2.0	1972	$3,300	$1.67	23d	1	0.80mi
4585 SE Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1015	$2,326	$2.29	14d	27	0.86mi
5881 SE Windsong Ln Stuart, FL	2.0	2.5	1288	$2,100	$1.63	14d	1	0.86mi
3882 SE Canvas Back Pl Stuart, FL	3.0	2.0	1575	$2,200	$1.40	23d	1	1.05mi
5784 SE Edgewater Cir Stuart, FL	3.0	2.5	1804	$3,000	$1.66	14d	1	1.06mi
4421 SE Village Rd Stuart, FL	2.0	2.0	1080	$2,100	$1.94	23d	1	1.10mi
2277 SE Monroe St Stuart, FL	3.0	2.0	1128	$2,800	$2.48	14d	1	1.22mi
4107 SE Barcelona St Stuart, FL	2.0	1.0	1224	$2,500	$2.04	23d	1	1.25mi
4939 SE Salvatori Rd Stuart, FL	3.0	2.0	1334	$2,500	$1.87	23d	1	1.25mi
4002 SE Fairway W Stuart, FL	3.0	2.0	1769	$3,200	$1.81	23d	1	1.36mi
4650 SE Manatee Way Stuart, FL	3.0	2.5	1764	$5,900	$3.34	23d	1	1.37mi
4885 SE Capstan Ave #27 Stuart, FL	2.0	2.0	1273	$2,500	$1.96	23d	1	1.40mi
4189 SE Saint Lucie Blvd Stuart, FL	2.0	2.5	1760	$5,500	$3.12	23d	1	1.42mi
7073 SE Birchwood Ln Stuart, FL	2.0	2.0	1150	$1,750	$1.52	14d	1	1.45mi

Listing history 19 events

1. 2026-06-02
   days on market $5,000 Active 8 DOM
2. 2026-06-01
   days on market $5,000 Active 7 DOM
3. 2026-05-31
   days on market $5,000 Active 6 DOM
4. 2026-05-31
   days on market $5,000 Active 5 DOM
5. 2026-05-25
   listed $5,000 Active
6. 2020-09-08
   soldstatus $254,300
7. 2018-04-10
   soldstatus $151,100
8. 2018-04-06
   soldstatus $151,083 Closed 217-char remark

   Show marketing remark (215 chars)

   Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is. ''

9. 2018-04-06
   soldstatus $151,084 215-char remark

   Show marketing remark (215 chars)

   Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is. ''

10. 2018-03-03
    status Pending 217-char remark

    Show marketing remark (217 chars)

    Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is.''

11. 2018-02-26
    listed $170,000 Active 217-char remark

    Show marketing remark (215 chars)

    Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is. ''

12. 2018-02-26
    listed $170,000 215-char remark

    Show marketing remark (215 chars)

    Spacious 3 bedroom, 2 bath home with a 1 car garage. Covered patio and large yard. Newer kitchen, hot water heater and charcoal water filtration system. This home is a ''handyman special'' and being sold ''as is. ''

13. 2015-10-09
    historical
14. 2006-11-03
    listed $224,900
15. 2001-07-17
    soldstatus $88,000
16. 2001-07-13
    soldstatus $88,000
17. 2001-01-23
    listed $89,900
18. 1986-04-01
    soldstatus $63,500
19. 1981-02-01
    soldstatus $59,900

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $30,203
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − Depreciation: −$145
• Taxable income: $24,845
• Est. tax owed @ 24.0%: −$5,963
• After-tax cash flow: $17,483/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: 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 — Port Salerno

• Score: 70/100
• State rank: #440
• US rank: #7873

Category grades

Amenities F Commute F Cost of living B Crime A 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
• Metro: Port St. Lucie, FL
• Population (ZIP): 47,075
• Household income: $78,136
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 1323.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 14% French/Haitian/Cajun 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: ▼ -319.78%
• Current HPI: 336.7717
• Rent YoY: ▲ 2.71%
• 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

-91.7% since first listed

15 events — show timeline

• 2026-05-25 Listed $5,000 NFMLS
• 2020-09-08 Sold (Public Records) $254,300 Public Records
• 2018-04-10 Sold (Public Records) $151,100 Public Records
• 2018-04-06 Sold (MLS) $151,084 MCRTC
• 2018-04-06 Sold (MLS) $151,083 Beaches MLS
• 2018-03-03 Pending — Beaches MLS
• 2018-02-26 Listed $170,000 MCRTC
• 2018-02-26 Listed $170,000 Beaches MLS
• 2015-10-09 Listing Removed — Beaches MLS
• 2006-11-03 Listed $224,900 Beaches MLS
• 2001-07-17 Sold (Public Records) $88,000 Public Records
• 2001-07-13 Sold (MLS) $88,000 MCRTC
• 2001-01-23 Listed $89,900 MCRTC
• 1986-04-01 Sold (Public Records) $63,500 Public Records
• 1981-02-01 Sold (Public Records) $59,900 Public Records

Property tax history

+13.2%/yr

Latest (2025): $4,069 · -0.3% YoY. Source: county tax records.