319 King St · Sebastian, FL 32958

$100,000

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 102 Days on market

Built 1975 Est $191k · 48% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently renovated cottage home just steps from the new Jake Owen baseball field. Features include a detached garage/workshop, double lot, tastefully restored terrazzo flooring, new kitchen cabinetry, gas range & HW heater, renovated bathroom, fenced yard and more. Centrally located west of the Vero Beach Country Club area with the beach only 3 miles away! Come see!!

Key facts

• Outside spotlights
• Washer and dryer
• Own the land

Tags

• WALK IN CLOSET
• TUB IN MASTER
• OUTSIDE SPOTLIGHTS
• OWN THE LAND
• ADDITIONAL UNITS
• WASHER AND DRYER

Property features AI

Finance

• Other: Pets allowed
• HOA & community: No association

Exterior

• Parking: Assigned carport; 1 carport space
• Utilities: Public water; Public sewer
• Home design: Manufactured home; Single-story; Faces east; Residential zoning
• Construction: Manufactured construction
• Exterior features: Porch; Enclosed porch; Property has a view; Lot less than a quarter acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Bedroom (11 x 11); Bedroom (11 x 14)
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Single-hung windows; Built-in features; Walk-in closet(s); Unfurnished
• Laundry & utility: Washer; Dryer; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $750 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
• Cap rate 15.3% vs local median 4.4% in Sebastian — 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 81/100 on livability (#89 in FL, #1,421 nationally) — a professional / high-income tenant draw. Strengths: housing A+, crime A, health & safety A; Watch: schools D+, amenities D-.
• Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.2%/yr); 412 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 34% of the median local income ($67k/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 $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask is 641% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $56k; list at $100k implies a 79% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $91,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.87% ✓
• Cap rate: 15.29%
• Cash-on-cash: 32.15%
• DSCR: 2.43
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $191,136
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 Tangelo St	0.06mi	3/2.0 (+1)	1,188 (+12%)	11mo	$215,000	$181	63

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 · 6.22% rent growth · sell at horizon

5-year hold

• IRR: 30.9%
• Equity multiple: 2.35×
• Total profit: $37,884
• Equity at exit: $14,910

10-year hold

• IRR: 39.9%
• Equity multiple: 5.36×
• Total profit: $122,180
• Equity at exit: $8,646

Cash invested: $28,000 (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 32958

• Home prices YoY: -13.1%
• Rents YoY: 6.2%
• Active inventory: 412
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,873 high
• Mortgage (P&I): −$524
• Tax from tax record: −$164 /mo · $1,965/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $750

Break-even live

Break-even rent $924

Max offer price $100,000

Occupancy floor 55%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
950 Louisiana Ave Sebastian, FL	2.0	1.5	990	$1,550	$1.57	20d	1	0.33mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	20d	1	0.87mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	13d	1	0.87mi
362 Del Monte Rd Unit A Sebastian, FL	2.0	2.0	1045	$1,600	$1.53	20d	1	0.88mi
371 Keen Ter Unit A Sebastian, FL	2.0	2.0	1037	$1,650	$1.59	20d	1	0.99mi
246 S Wimbrow Dr Sebastian, FL	3.0	2.0	1364	$3,000	$2.20	13d	1	1.01mi
243 Harp Ter Unit A Sebastian, FL	2.0	2.0	1150	$1,885	$1.64	20d	1	1.02mi
449 Del Monte Rd Unit A Sebastian, FL	2.0	1.0	840	$1,750	$2.08	20d	1	1.04mi
586 Gerald St Sebastian, FL	3.0	3.0	936	$1,600	$1.71	13d	1	1.21mi
6124 River Run Dr Unit B Sebastian, FL	2.0	2.0	1285	$2,200	$1.71	20d	1	1.46mi

Listing history 18 events

1. 2026-05-21
   price $100,000
2. 2026-04-10
   price $125,000
3. 2026-02-15
   price $135,000
4. 2026-02-15
   listed $13,500 Active
5. 2018-03-01
   soldstatus $56,000 375-char remark

   Show marketing remark (307 chars)

   Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

6. 2018-03-01
   soldstatus $56,000 Sold 307-char remark

   Show marketing remark (307 chars)

   Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

7. 2018-02-01
   status Pending 307-char remark

   Show marketing remark (307 chars)

   Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

8. 2018-01-31
   historical Contingent 307-char remark

   Show marketing remark (307 chars)

   Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

9. 2018-01-20
   status Active 307-char remark

   Show marketing remark (307 chars)

   Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

10. 2018-01-11
    historical Contingent 307-char remark

    Show marketing remark (307 chars)

    Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

11. 2018-01-08
    price $59,500 307-char remark

    Show marketing remark (307 chars)

    Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

12. 2018-01-02
    listed $64,900 Active 307-char remark

    Show marketing remark (307 chars)

    Doublewide mobile home available in the heart of Sebastian. Located in the Orange Heights neighborhood with no HOA or restrictions. .. and you own your own land. . no lot rent. Features include a spacious living room, large screened porch, 2 sheds, propane gas range, new ceiling fans and fixtures and more.

13. 2018-01-01
    historical
14. 2017-11-27
    status Active
15. 2017-11-16
    historical Contingent
16. 2017-10-05
    listed $64,900 375-char remark

    Show marketing remark (375 chars)

    Recently renovated cottage home just steps from the new Jake Owen baseball field. Features include a detached garage/workshop, double lot, tastefully restored terrazzo flooring, new kitchen cabinetry, gas range & HW heater, renovated bathroom, fenced yard and more. Centrally located west of the Vero Beach Country Club area with the beach only 3 miles away! Come see!!

17. 2017-10-05
    listed $64,900 Active

    Show marketing remark (375 chars)

    Recently renovated cottage home just steps from the new Jake Owen baseball field. Features include a detached garage/workshop, double lot, tastefully restored terrazzo flooring, new kitchen cabinetry, gas range & HW heater, renovated bathroom, fenced yard and more. Centrally located west of the Vero Beach Country Club area with the beach only 3 miles away! Come see!!

18. 1987-03-01
    soldstatus $37,000

ⓘ 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: $1,965 · $164/mo
• Projected year-2 tax: $1,965 · $164/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,479
• − Mortgage interest: −$5,602
• − Property taxes: −$1,965
• − Insurance: −$500
• − Repairs & maintenance: −$1,798
• − Management: −$1,798
• − Depreciation: −$2,909
• Taxable income: $7,907
• Est. tax owed @ 24.0%: −$1,898
• After-tax cash flow: $7,103/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: Indian River
• NCES district ID: 1200930
• Math proficiency: 48% ▼ -9.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $46,597
• Composite: 42.45/100
• National rank: #3218
• State rank: #35 of 73 in FL

Livability — Sebastian

• Score: 81/100
• State rank: #89
• US rank: #1421

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sebastian, FL
• County: Indian River County · 143,738 people
• City population: 30,023
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 30,023
• Household income: $66,840
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 646.0

Population outlook (Indian River County) Hauer SSP2

• Today (2025): 165,104 people
• By 2030: 172,869 · +4.7%
• By 2040: 185,640 · +12.4%
• By 2050: 194,465 · +17.8%
• By 2075: 211,115 · +27.9%
• By 2100: 211,781 · +28.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 7% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 3%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Indian River

• 2024 margin: Strong R (+27.4) · D 36.0% · R 63.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.85%
• Current HPI: 330.1691
• Rent YoY: ▲ 6.22%
• Metro: Sebastian-Vero Beach, 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

+170.3% since first listed

18 events — show timeline

• 2026-05-21 Price Changed $100,000 RAIRCMLS
• 2026-04-10 Price Changed $125,000 RAIRCMLS
• 2026-02-15 Price Changed $135,000 RAIRCMLS
• 2026-02-15 Listed $13,500 RAIRCMLS
• 2018-03-01 Sold (MLS) $56,000 RAIRCMLS
• 2018-03-01 Sold (MLS) $56,000 SCMLS
• 2018-02-01 Pending — RAIRCMLS
• 2018-01-31 Contingent — RAIRCMLS
• 2018-01-20 Relisted — RAIRCMLS
• 2018-01-11 Contingent — RAIRCMLS
• 2018-01-08 Price Changed $59,500 RAIRCMLS
• 2018-01-02 Listed $64,900 RAIRCMLS
• 2018-01-01 Delisted — RAIRCMLS
• 2017-11-27 Relisted — RAIRCMLS
• 2017-11-16 Contingent — RAIRCMLS
• 2017-10-05 Listed $64,900 SCMLS
• 2017-10-05 Listed $64,900 RAIRCMLS
• 1987-03-01 Sold (Public Records) $37,000 Public Records

Property tax history

+25.2%/yr

Latest (2025): $1,965 · +5.6% YoY. Source: county tax records.