13827 S Indian River Dr #5 · Jensen Beach, FL 34957

$129,000

1 bd · 1.0 ba · 840 sqft · Manufactured public records · 325 Days on market

Built 1981 1,751 sqft lot Est $134k · at est. $255/mo HOA · 12% of rent

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.0/15.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2007 2/2 Jacobsen double wide manufactured home with 1152 sqft. under air with new a/c and LG washer & dryer. Tile throughout, hurrican shutters, storage shed. 55+ park, 1/69th share, HOA fee of just $125/mo. includes water, sewer, & garbage.

Key facts

• Walk-in closet
• Indian river drive
• Ensuite bathroom

Tags

• INDIAN RIVER DRIVE
• UPDATED MANUFACTURED HOME
• WALK-IN CLOSET
• ENSUITE BATHROOM
• WATER-RESISTANT FLOORING
• HURRICANE IMPACT WINDOWS

Property features AI

Finance

• Financial info: Pets allowed with possible restrictions, breed/number limits may apply
• HOA & community: Has association; Monthly HOA fee; Association amenities include boating, beach access, private beach pavilion, clubhouse, community room, billiard room, bocce ball, jogging path, storage; HOA covers water, sewer, trash and common areas; Senior community

Exterior

• Parking: Attached carport; Carport; RV access/parking
• Utilities: Well water; Three-phase electric; Cable available; Water service available
• Home design: Condominium; Single-story; Northeast facing; Resale property; Modular construction with vinyl siding
• Construction: Vinyl siding; Modular construction; 1 story
• Exterior features: Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s); Unfurnished

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $129k.

Deal economics

• At list price, monthly cash flow is $540 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 4.1% in Jensen Beach — 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 (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; 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.
• Market conditions: Rents rising (+1.0%/yr); 536 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 36% of the median local income ($70k/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 $892 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 + 1.0% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 325 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $46k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $129k implies a 269% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 325 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. 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.
7. 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.
8. 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: 1.65% ✓
• Cap rate: 11.31%
• Cash-on-cash: 17.92%
• DSCR: 1.80
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $133,560
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4728 NE Blue Heron Ln	0.22mi	2/1.0 (+1)	810 (-4%)	24mo	$135,000	$167	59
4775 NE Blue Heron Ln	0.30mi	2/2.0 (+1)	849 (+1%)	22mo	$135,000	$159	57
4759 NE Blue Heron Ln	0.27mi	2/2.0 (+1)	909 (+8%)	10mo	$125,000	$138	56

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 6.9%
• Equity multiple: 1.26×
• Total profit: $9,437
• Equity at exit: $19,234

10-year hold

• IRR: 14.1%
• Equity multiple: 2.01×
• Total profit: $36,634
• Equity at exit: $11,154

Cash invested: $36,120 (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 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,134 medium
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$255
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $540

Break-even live

Break-even rent $1,451

Max offer price $129,000

Occupancy floor 70%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4220 NE Indian River Dr #2 Jensen Beach, FL	2.0	1.5	900	$2,200	$2.44	23d	1	0.77mi
4220 NE Indian River Dr #5 Jensen Beach, FL	1.0	1.0	560	$1,800	$3.21	23d	1	0.77mi
3663 NE Barbara Dr Jensen Beach, FL	2.0	1.0	991	$2,450	$2.47	23d	1	1.09mi
1161 Nettles Blvd Unit 1546132P Jensen Beach, FL	2.0	2.0	710	$4,838	$6.81	14d	1	1.48mi

HOA detail

• Monthly dues: $255 · $3,060/yr
• Likely covers: watersewertrash

Listing history 25 events

1. 2026-06-18
   days on market $129,000 Active 325 DOM
2. 2026-06-17
   days on market $129,000 Active 324 DOM
3. 2026-06-16
   days on market $129,000 Active 323 DOM
4. 2026-06-15
   days on market $129,000 Active 322 DOM
5. 2026-06-14
   days on market $129,000 Active 320 DOM
6. 2026-06-13
   days on market $129,000 Active 319 DOM
7. 2026-06-10
   days on market $129,000 Active 317 DOM
8. 2026-06-09
   days on market $129,000 Active 316 DOM
9. 2026-06-08
   days on market $129,000 Active 315 DOM
10. 2026-06-07
    days on market $129,000 Active 314 DOM
11. 2026-06-05
    days on market $129,000 Active 311 DOM
12. 2026-06-03
    days on market $129,000 Active 310 DOM
13. 2026-06-02
    days on market $129,000 Active 309 DOM
14. 2026-06-01
    days on market $129,000 Active 308 DOM
15. 2026-05-31
    days on market $129,000 Active 307 DOM
16. 2026-05-30
    days on market $129,000 Active 306 DOM
17. 2026-05-08
    price $129,000
18. 2026-04-09
    price $149,000
19. 2026-01-27
    price $159,000
20. 2025-10-10
    price $165,000
21. 2025-07-28
    listed $175,000 Active
22. 2014-09-25
    historical 253-char remark

    Show marketing remark (253 chars)

    2007 2/2 Jacobsen double wide manufactured home with 1152 sqft. under air with new a/c and LG washer & dryer. Tile throughout, hurrican shutters, storage shed. 55+ park, 1/69th share, HOA fee of just $125/mo. includes water, sewer, & garbage.

23. 2013-03-27
    listed $110,000 253-char remark

    Show marketing remark (253 chars)

    2007 2/2 Jacobsen double wide manufactured home with 1152 sqft. under air with new a/c and LG washer & dryer. Tile throughout, hurrican shutters, storage shed. 55+ park, 1/69th share, HOA fee of just $125/mo. includes water, sewer, & garbage.

24. 1995-10-19
    soldstatus $35,000
25. 1995-01-10
    soldstatus $35,000

ⓘ 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) · 59% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 21 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,610
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$2,049
• − Management: −$2,049
• − HOA: −$3,060
• − Depreciation: −$3,753
• Taxable income: $4,894
• Est. tax owed @ 24.0%: −$1,175
• After-tax cash flow: $5,300/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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: —

Market trends

• HPI YoY: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

+268.6% since first listed

9 events — show timeline

• 2026-05-08 Price Changed $129,000 Beaches MLS
• 2026-04-09 Price Changed $149,000 Beaches MLS
• 2026-01-27 Price Changed $159,000 Beaches MLS
• 2025-10-10 Price Changed $165,000 Beaches MLS
• 2025-07-28 Listed $175,000 Beaches MLS
• 2014-09-25 Listing Removed — Beaches MLS
• 2013-03-27 Listed $110,000 Beaches MLS
• 1995-10-19 Sold (Public Records) $35,000 Public Records
• 1995-01-10 Sold (Public Records) $35,000 Public Records

Property tax history

-7.4%/yr

Latest (2025): $211 · +7.1% YoY. Source: county tax records.