194 Del Monte Rd · Sebastian, FL 32958

$240,700

3 bd · 2.0 ba · 1,218 sqft · SingleFamily public records · 18 Days on market

Built 1982 0.35 ac lot Est $278k · 13% under

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Why this score? — see what drove the C 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 +17.8/30.0
• ARV discount +13.5/15.0
• DSCR +5.6/10.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cathedral Cedar ceilings in living room give this home a rustic look. Multiple sliders various rooms lead to nice pool area with extra deep lot. (191 ft. ) Jacuzzi jetted tub in master. Fenced yard with tons on room outside pool area. 3 bedrooms, 2 bath, 2 car garage. Great Deal!

Key facts

• Landscaping trees
• Septic drain field
• Well for irrigation

Tags

• ON DEMAND WATER HEATER
• INTERIOR PAINT
• LANDSCAPING TREES
• POOL REFINISH
• SEPTIC DRAIN FIELD
• WELL FOR IRRIGATION

Property features AI

Finance

• Other: Lot roughly 0.35 acre (approx. 80 x 190.25); Zoned RS-10; No CDD; Living area approx. 1,218 (public records)

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water and well; Septic tank sewer; BB/HS internet available; Electricity connected
• Home design: Single-family residence; One story; Faces north; Homestead exempt
• Construction: Block construction; Shingle roof; Slab foundation; Built as a residential single-family home
• Exterior features: Private in-ground gunite pool; Paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry inside; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $241k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (11.7% below list).
• Recommended offer: $212k (11.7% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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; 15 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 38% 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y 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 $120k; list at $241k implies a 101% gain — meaningful room to come down on a strong offer.

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 $212,453 (11.7% below list)

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. 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.
4. 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.
5. 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: 0.88% ✗
• Cap rate: 7.27%
• Cash-on-cash: 3.49%
• DSCR: 1.16
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $277,704
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
194 Del Monte Rd	0.00mi	3/2.0	1,218 (0%)	0mo	$210,000	$172	100
282 Dock Ave	0.22mi	2/2.0 (-1)	1,206 (-1%)	7mo	$275,000	$228	78
571 Balboa St	0.20mi	2/1.5 (-1)	1,170 (-4%)	2mo	$260,000	$222	75
100 S S. Wimbrow Dr #15	0.31mi	2/2.0 (-1)	1,253 (+3%)	2mo	$240,000	$192	74
100 S Wimbrow Dr	0.32mi	2/2.0 (-1)	1,253 (+3%)	2mo	$240,000	$192	74
495 Easy St	0.43mi	3/2.0	1,276 (+5%)	3mo	$255,500	$200	69
382 Easy St	0.62mi	3/2.0	1,194 (-2%)	2mo	$325,000	$272	66
66 Judah Ln	0.39mi	3/2.0	1,315 (+8%)	7mo	$378,000	$287	63
262 Dock Ave	0.21mi	2/2.0 (-1)	1,068 (-12%)	8mo	$325,000	$304	58
517 Park Ave	0.64mi	2/2.0 (-1)	1,234 (+1%)	8mo	$290,000	$235	56
534 Michael St	0.71mi	3/2.0	1,188 (-2%)	9mo	$297,500	$250	55
589 Michael St	0.70mi	3/2.0	1,333 (+9%)	7mo	$252,500	$189	46

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: -7.6%
• Equity multiple: 0.71×
• Total profit: $-19,484
• Equity at exit: $35,889

10-year hold

• IRR: 5.3%
• Equity multiple: 1.44×
• Total profit: $29,951
• Equity at exit: $20,811

Cash invested: $67,396 (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: 9.4×

Monthly cashflow live

• Estimated rent: $2,125 high
• Mortgage (P&I): −$1,262
• Tax from tax record: −$120 /mo · $1,436/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $196

Break-even live

Break-even rent $1,876

Max offer price $240,700

Occupancy floor 86%

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: $60,175
• Closing costs: $7,221
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
246 S Wimbrow Dr Sebastian, FL	3.0	2.0	1364	$3,000	$2.20	13d	1	0.40mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	13d	1	0.41mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	21d	1	0.41mi
362 Del Monte Rd Unit A Sebastian, FL	2.0	2.0	1045	$1,600	$1.53	21d	1	0.43mi
243 Harp Ter Unit A Sebastian, FL	2.0	2.0	1150	$1,885	$1.64	21d	1	0.45mi
371 Keen Ter Unit A Sebastian, FL	2.0	2.0	1037	$1,650	$1.59	21d	1	0.49mi
449 Del Monte Rd Unit A Sebastian, FL	2.0	1.0	840	$1,750	$2.08	21d	1	0.55mi
950 Louisiana Ave Sebastian, FL	2.0	1.5	990	$1,550	$1.57	21d	1	0.93mi
832 Carnation Dr Sebastian, FL	3.0	2.0	1400	$2,800	$2.00	13d	1	0.95mi
586 Gerald St Sebastian, FL	3.0	3.0	936	$1,600	$1.71	13d	1	0.96mi
834 Dolores St Sebastian, FL	3.0	1.0	1253	$1,600	$1.28	13d	1	1.13mi
6124 River Run Dr Unit B Sebastian, FL	2.0	2.0	1285	$2,200	$1.71	21d	1	1.17mi
741 Smith St Sebastian, FL	2.0	1.5	891	$1,900	$2.13	21d	1	1.19mi
6240 E Mirror Lake Dr Unit 201 Sebastian, FL	2.0	2.0	1150	$1,750	$1.52	21d	1	1.38mi
426 Tulip Dr Sebastian, FL	2.0	2.0	1161	$2,100	$1.81	21d	1	1.43mi

Listing history 14 events

1. 2026-06-02
   status $240,700 Pending 18 DOM
2. 2026-06-01
   days on market $240,700 Active 18 DOM
3. 2026-05-31
   days on market $240,700 Active 17 DOM
4. 2026-05-30
   days on market $240,700 Active 16 DOM
5. 2026-05-14
   listed $240,700 Active
6. 2016-08-16
   historical 280-char remark

   Show marketing remark (280 chars)

   Cathedral Cedar ceilings in living room give this home a rustic look. Multiple sliders various rooms lead to nice pool area with extra deep lot. (191 ft. ) Jacuzzi jetted tub in master. Fenced yard with tons on room outside pool area. 3 bedrooms, 2 bath, 2 car garage. Great Deal!

7. 2015-03-27
   listed $151,000
8. 2013-09-21
   historical
9. 2011-07-20
   listed $119,900 280-char remark

   Show marketing remark (280 chars)

   Cathedral Cedar ceilings in living room give this home a rustic look. Multiple sliders various rooms lead to nice pool area with extra deep lot. (191 ft. ) Jacuzzi jetted tub in master. Fenced yard with tons on room outside pool area. 3 bedrooms, 2 bath, 2 car garage. Great Deal!

10. 2011-07-20
    listed $199,900

    Show marketing remark (280 chars)

    Cathedral Cedar ceilings in living room give this home a rustic look. Multiple sliders various rooms lead to nice pool area with extra deep lot. (191 ft. ) Jacuzzi jetted tub in master. Fenced yard with tons on room outside pool area. 3 bedrooms, 2 bath, 2 car garage. Great Deal!

11. 2003-08-27
    soldstatus $120,000
12. 2000-10-03
    soldstatus $92,500
13. 1991-07-01
    soldstatus $89,000
14. 1981-08-01
    soldstatus $8,300

ⓘ 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: $1,436 · $120/mo
• Projected year-2 tax: $1,998 · $166/mo
• Expected delta: +$562/yr (+$47/mo · 39.1%)

ⓘ 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 2/10 Low
• 🌡 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: $25,494
• − Mortgage interest: −$13,483
• − Property taxes: −$1,436
• − Insurance: −$1,204
• − Repairs & maintenance: −$2,040
• − Management: −$2,040
• − Depreciation: −$7,002
• Taxable loss: −$1,709
• Est. tax savings @ 24.0%: +$410
• After-tax cash flow: $2,764/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

+2800.0% since first listed

10 events — show timeline

• 2026-05-14 Listed $240,700 Stellar MLS as Distributed by MLS Grid
• 2016-08-16 Listing Removed — SCMLS
• 2015-03-27 Listed $151,000 RAIRCMLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2011-07-20 Listed $199,900 Beaches MLS
• 2011-07-20 Listed $119,900 SCMLS
• 2003-08-27 Sold (Public Records) $120,000 Public Records
• 2000-10-03 Sold (Public Records) $92,500 Public Records
• 1991-07-01 Sold (Public Records) $89,000 Public Records
• 1981-08-01 Sold (Public Records) $8,300 Public Records

Property tax history

+8.5%/yr

Latest (2025): $1,436 · +5.1% YoY. Source: county tax records.