1225 NW 21st St #1810 · North River Shores, FL 34994

$110,000

1 bd · 1.5 ba · 747 sqft · Condo public records · 176 Days on market

Built 1976 Good condition $147/sqft · 31% below area Est $159k · 31% under · waterfront $404/mo HOA · 26% 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 +22.2/30.0
• ARV discount +15.0/15.0
• 1% rule +9.3/10.0
• DSCR +7.1/10.0
• Schools +6.0/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Offered furnished, this lovely corner location features abundant natural light. Building 18 is nestled in the curve of the water way with the neighboring Shores of North River Golf Club just beyond. A spacious one bedroom home with ample closet space, guest half bathroom, 2025 HVAC system and four impact windows. The meticulously maintained property has recent kitchen plumbing updates and may be purchased furnished. Relax on the enclosed balcony with updated glass windows which open to enjoy the breeze. Vista Del Lago offers a vibrant, active Club House, catch and release fishing, a central location with downtown Jensen Beach, Historic Stuart and the beaches all nearby. Close proximity to the clubhouse and pool. There is one assigned parking space with additional convenient guest spaces.

Key facts

• Corner location
• Enclosed balcony
• Central location

Tags

• CORNER LOCATION
• NATURAL LIGHT
• IMPACT WINDOWS
• ENCLOSED BALCONY
• CENTRAL LOCATION

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $110k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 6.0% in North River Shores — 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 74/100 on livability (#292 in FL, #4,906 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B+; Watch: amenities F, commute F, health & safety 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.
• Zoned schools: Felix A Williams Elementary School (math 61% / reading 67%, grade B, #552 of 2,144 statewide, top 26%, 531 students, 40% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents soft (-0.7%/yr); 370 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 30% 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 $761 of loan paydown is wiped out by about $3k 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 176 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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 $77k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.
• Climate carrying-cost: 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 $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 176 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — 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 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.43% ✓
• Cap rate: 8.25%
• Cash-on-cash: 6.99%
• DSCR: 1.31
• GRM: 5.8

CMA / ARV

• ARV (median comp): $158,618
• List price: $110,000
• Delta: -30.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -10.0%
• Equity multiple: 0.65×
• Total profit: $-10,811
• Equity at exit: $16,401

10-year hold

• IRR: -7.3%
• Equity multiple: 0.62×
• Total profit: $-11,712
• Equity at exit: $9,511

Cash invested: $30,800 (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 →

Active competition Active MLS

• For sale now: 2 active · 2 under contract
• Median asking: $108,950 ($158/sqft)
• Median days on market: 272 d
• This list price: 50% of active listings are priced below it
• ARV vs active asking: +34.4% above current asking $/sqft

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

ZIP-level market 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 370
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,578 high
• Mortgage (P&I): −$577
• Tax from tax record: −$41 /mo · $490/yr
• Insurance: −$46
• HOA: −$404
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $179

Break-even live

Break-even rent $1,351

Max offer price $110,000

Occupancy floor 84%

Sensitivity live

Price	-10% $242	-5% $211	+0% $179	+5% $148	+10% $117
Rent	-10% $55	-5% $117	+0% $179	+5% $242	+10% $304
Rate	-1.0pp $235	-0.5pp $207	base $179	+0.5pp $151	+1.0pp $122

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: $27,500
• Closing costs: $3,300
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1225 NW 21st St Unit 7-705 Stuart, FL	1.0	1.5	747	$1,550	$2.07	109d	1	0.03mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,500	$1.94	117d	3	0.03mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,350	$1.75	109d	1	0.03mi
1225 NW 21st St Unit 2105 Stuart, FL	1.0	1.5	747	$1,400	$1.87	62d	1	0.03mi
1225 NW 21st St Unit 35-3512 Stuart, FL	1.0	1.5	747	$1,395	$1.87	119d	1	0.03mi
2201 NW Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1102	$1,750	$1.59	0d	40	0.30mi
2201 NW Federal Hwy Stuart, FL	1.0	1.0	738	$1,875	$2.54	5d	1	0.30mi
1900 NW Federal Hwy Stuart, FL	1.0–2.0	1.0–2.0	1013	$2,095	$2.07	6d	18	0.31mi
1010 NW Fresco Way Jensen Beach, FL	1.0–3.0	1.0–2.0	1023	$1,750	$1.71	5d	21	0.61mi
800 NW Fork Rd Stuart, FL	1.0	1.0–1.5	746	$2,900	$3.89	6d	2	1.13mi
3521 NW Treasure Coast Dr Jensen Beach, FL	1.0–2.0	1.0–2.0	854	$1,429	$1.67	0d	10	1.15mi

HOA detail $404/mo · $4,848/yr condo

• Likely covers: waterpoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-19
   days on market $110,000 Active 176 DOM
2. 2026-09-18
   days on market $110,000 Active 175 DOM
3. 2026-09-17
   days on market $110,000 Active 174 DOM
4. 2026-09-16
   days on market $110,000 Active 173 DOM
5. 2026-09-15
   days on market $110,000 Active 172 DOM
6. 2026-09-14
   days on market $110,000 Active 171 DOM
7. 2026-09-13
   days on market $110,000 Active 170 DOM
8. 2026-09-12
   days on market $110,000 Active 169 DOM
9. 2026-09-11
   days on market $110,000 Active 168 DOM
10. 2026-09-05
    days on market $110,000 Active 162 DOM
11. 2026-09-04
    days on market $110,000 Active 161 DOM
12. 2026-09-03
    days on market $110,000 Active 160 DOM
13. 2026-08-31
    days on market $110,000 Active 157 DOM
14. 2026-08-30
    days on market $110,000 Active 156 DOM
15. 2026-08-29
    days on market $110,000 Active 155 DOM
16. 2026-08-28
    days on market $110,000 Active 154 DOM
17. 2026-08-27
    days on market $110,000 Active 153 DOM
18. 2026-08-25
    days on market $110,000 Active 151 DOM
19. 2026-08-24
    days on market $110,000 Active 150 DOM
20. 2026-08-23
    days on market $110,000 Active 149 DOM
21. 2026-08-22
    days on market $110,000 Active 148 DOM
22. 2026-08-21
    days on market $110,000 Active 147 DOM
23. 2026-08-20
    days on market $110,000 Active 146 DOM
24. 2026-08-19
    days on market $110,000 Active 145 DOM
25. 2026-08-18
    days on market $110,000 Active 144 DOM
26. 2026-08-17
    days on market $110,000 Active 143 DOM
27. 2026-08-16
    days on market $110,000 Active 142 DOM
28. 2026-08-15
    days on market $110,000 Active 141 DOM
29. 2026-08-15
    days on market $110,000 Active 140 DOM
30. 2026-08-13
    days on market $110,000 Active 139 DOM
31. 2026-08-12
    days on market $110,000 Active 138 DOM
32. 2026-08-11
    days on market $110,000 Active 137 DOM
33. 2026-08-10
    days on market $110,000 Active 136 DOM
34. 2026-08-09
    days on market $110,000 Active 135 DOM
35. 2026-08-08
    days on market $110,000 Active 134 DOM
36. 2026-08-07
    days on market $110,000 Active 133 DOM
37. 2026-08-06
    days on market $110,000 Active 132 DOM
38. 2026-08-05
    days on market $110,000 Active 131 DOM
39. 2026-08-04
    days on market $110,000 Active 130 DOM
40. 2026-08-03
    days on market $110,000 Active 129 DOM
41. 2026-07-31
    days on market $110,000 Active 126 DOM
42. 2026-07-29
    days on market $110,000 Active 124 DOM
43. 2026-07-27
    days on market $110,000 Active 122 DOM
44. 2026-07-25
    days on market $110,000 Active 120 DOM
45. 2026-07-23
    days on market $110,000 Active 118 DOM
46. 2026-07-22
    days on market $110,000 Active 117 DOM
47. 2026-07-21
    days on market $110,000 Active 116 DOM
48. 2026-07-18
    days on market $110,000 Active 113 DOM
49. 2026-07-16
    days on market $110,000 Active 111 DOM
50. 2026-07-16
    days on market $110,000 Active 110 DOM

ⓘ 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: $490 · $41/mo
• Projected year-2 tax: $913 · $76/mo
• Expected delta: +$423/yr (+$35/mo · 86.4%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% 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: $18,941
• − Mortgage interest: −$6,162
• − Property taxes: −$490
• − Insurance: −$550
• − Repairs & maintenance: −$1,515
• − Management: −$1,515
• − HOA: −$4,848
• − Depreciation: −$3,200
• Taxable income: $661
• Est. tax owed @ 24.0%: −$159
• After-tax cash flow: $1,994/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 75/100 Cosmetic rehab Est. rehab $3,735–$11,205 screening

This well-maintained and attractive townhouse is in good condition with minimal repairs needed. It offers a good return on investment with updates that can significantly increase its value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Updating the flooring — New flooring can improve the overall look and feel of the home ↑
• Both Upgrading the kitchen appliances — Modern appliances can attract more buyers and renters ↑
• Both Installing new windows — New windows can improve energy efficiency and natural light ↑

ⓘ 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.

C Composite school gradezoned avg 60/100

Zoned Schools

Elementary Felix A Williams Elementary School B FL #552/2,144 Nat'l #5,798/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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

B Composite livability gradescore 74/100

Livability — North River Shores

• Score: 74/100
• State rank: #292
• US rank: #4906

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North River Shores, FL
• County: Martin County · 172,383 people
• 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: 14% of renters

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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%

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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%

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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

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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

+349.0% since first listed

8 events — show timeline

• 2026-03-27 Listed $110,000 MCRTC
• 2019-04-03 Sold (Public Records) $77,000 Public Records
• 2016-06-26 Listing Removed — MCRTC
• 2010-06-03 Sold (Public Records) $37,500 Public Records
• 2010-06-01 Sold (MLS) $37,500 MCRTC
• 2009-11-30 Listed $45,000 MCRTC
• 2008-04-25 Listed $58,900 MCRTC
• 1977-05-01 Sold (Public Records) $24,500 Public Records

Property tax history

+0.6%/yr

Latest (2025): $490 · -3.1% YoY. Source: county tax records.