2559 Rainbow Dr · White City, FL 34981

$385,999

4 bd · 3.0 ba · 3,080 sqft · SingleFamily public records · 106 Days on market

Built 1957 0.35 ac lot

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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
• DSCR +4.6/10.0
• 1% rule +4.2/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 4 bedroom, 3 bath home home with mother-in-law quarters. Home has been fully updated with granite counter tops, white cabinets, hardwood floors, fresh paint, and ceiling fans in every room. Don't miss this rare gem in a great location.

Key facts

• Large center island
• Custom staircase
• Covered patio

Tags

• PRIVATE ESTATE LIKE SETTING
• EXPANSIVE FRONT YARD
• LARGE CENTER ISLAND
• SPA INSPIRED DESIGN
• CUSTOM STAIRCASE
• COVERED PATIO

Property features AI

Finance

• Other: Lot is approximately 0.35 acres (about 1/4 to less than 1/2 acre); Asphalt and concrete road access
• Financial info: No lease restrictions noted
• HOA & community: No HOA indicated

Exterior

• Utilities: Well water; Septic tank sewer; Other utilities
• Home design: Single family residence; Residential property; Fixer condition; Two levels; North-facing
• Construction: Frame construction with wood siding; Metal roof; Block and slab foundation; Built with approximately 4,732 total building area
• Exterior features: Other exterior features

Interior

• Bedrooms: 5 bedrooms
• Flooring: Ceramic tile; Concrete; Laminate; Tile; Vinyl; Wood; Other flooring
• Bathrooms: 4 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $386k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $356k (7.7% below list).
• Recommended offer: $351k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 3.7% in White City — 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 77/100 on livability (#209 in FL, #3,227 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools D+, amenities 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: 66 active listings in the ZIP; 5 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 25y ago; this cycle's ask has dropped $44k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $279k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $351,259 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 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 1957 — 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. 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?
7. 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.
8. 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.
9. 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: 0.92% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.34%
• DSCR: 1.06
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.1%
• Equity multiple: 0.49×
• Total profit: $-54,803
• Equity at exit: $57,554

10-year hold

• IRR: -5.3%
• Equity multiple: 0.65×
• Total profit: $-37,554
• Equity at exit: $33,374

Cash invested: $108,080 (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 34981

• Home prices YoY: -9.7%
• Active inventory: 66
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $3,562 high
• Mortgage (P&I): −$2,024
• Tax from tax record: −$508 /mo · $6,100/yr
• Insurance: −$161
• HOA: −$0
• Vacancy / Maint / Mgmt: −$748
• Net cashflow: $121

Break-even live

Break-even rent $3,409

Max offer price $385,999

Occupancy floor 92%

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: $96,500
• Closing costs: $11,580
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6446 NW Polly Ct Port Saint Lucie, FL	4.0	2.0	2132	$2,800	$1.31	23d	1	0.98mi
5464 NW Milner Dr Port Saint Lucie, FL	4.0	2.0	2336	$4,300	$1.84	23d	1	1.27mi
1207 Australian Ave Fort Pierce, FL	5.0	4.0	3636	$5,000	$1.38	23d	1	1.33mi
6619 NW Omega Rd Port Saint Lucie, FL	3.0	2.0	2298	$2,750	$1.20	23d	1	1.47mi
6619 NW Omega Rd Port Saint Lucie, FL	3.0	2.0	2298	$2,750	$1.20	14d	1	1.47mi

Listing history 50 events

1. 2026-06-18
   days on market $385,999 Active 106 DOM
2. 2026-06-17
   days on market $385,999 Active 105 DOM
3. 2026-06-16
   days on market $385,999 Active 104 DOM
4. 2026-06-15
   days on market $385,999 Active 103 DOM
5. 2026-06-14
   days on market $385,999 Active 101 DOM
6. 2026-06-13
   days on market $385,999 Active 100 DOM
7. 2026-06-10
   days on market $385,999 Active 98 DOM
8. 2026-06-09
   days on market $385,999 Active 97 DOM
9. 2026-06-08
   days on market $385,999 Active 96 DOM
10. 2026-06-07
    days on market $385,999 Active 95 DOM
11. 2026-06-05
    days on market $385,999 Active 92 DOM
12. 2026-06-03
    days on market $385,999 Active 91 DOM
13. 2026-06-02
    pricedays on market $385,999 Active 90 DOM
14. 2026-06-01
    days on market $399,900 Active 89 DOM
15. 2026-05-31
    days on market $399,900 Active 88 DOM
16. 2026-05-30
    days on market $399,900 Active 87 DOM
17. 2026-05-22
    price $351,000
18. 2026-05-20
    price $699,900
19. 2026-05-20
    status Active
20. 2026-04-17
    status Pending
21. 2026-04-07
    price $352,900
22. 2026-03-25
    price $354,999
23. 2026-03-25
    price $357,999
24. 2026-03-21
    price $359,900
25. 2026-03-19
    price $362,999
26. 2026-03-17
    price $367,900
27. 2026-03-16
    price $369,900
28. 2026-03-11
    price $374,374
29. 2026-03-10
    price $379,999
30. 2026-03-07
    price $408,999
31. 2026-03-01
    price $409,900
32. 2026-02-20
    price $409,999
33. 2026-02-19
    price $999,999
34. 2026-02-16
    price $411,900
35. 2026-02-11
    price $414,999
36. 2026-02-09
    price $417,900
37. 2026-02-06
    price $419,999
38. 2026-02-03
    price $421,999
39. 2026-02-01
    price $426,900
40. 2026-01-30
    listed $429,999 Active
41. 2017-06-05
    soldstatus $279,000
42. 2017-05-31
    soldstatus $279,900 Closed 245-char remark

    Show marketing remark (245 chars)

    Beautiful 4 bedroom, 3 bath home home with mother-in-law quarters. Home has been fully updated with granite counter tops, white cabinets, hardwood floors, fresh paint, and ceiling fans in every room. Don't miss this rare gem in a great location.

43. 2017-03-22
    status Pending 245-char remark

    Show marketing remark (245 chars)

    Beautiful 4 bedroom, 3 bath home home with mother-in-law quarters. Home has been fully updated with granite counter tops, white cabinets, hardwood floors, fresh paint, and ceiling fans in every room. Don't miss this rare gem in a great location.

44. 2017-03-10
    price $279,900 245-char remark

    Show marketing remark (245 chars)

    Beautiful 4 bedroom, 3 bath home home with mother-in-law quarters. Home has been fully updated with granite counter tops, white cabinets, hardwood floors, fresh paint, and ceiling fans in every room. Don't miss this rare gem in a great location.

45. 2017-03-10
    listed $269,900 Active 245-char remark

    Show marketing remark (245 chars)

    Beautiful 4 bedroom, 3 bath home home with mother-in-law quarters. Home has been fully updated with granite counter tops, white cabinets, hardwood floors, fresh paint, and ceiling fans in every room. Don't miss this rare gem in a great location.

46. 2016-09-27
    soldstatus $121,000
47. 2016-09-16
    soldstatus $121,000 Closed 155-char remark

    Show marketing remark (155 chars)

    VERY SPACIOUS HOME WITH PLENTY OF POTENTIAL, UPSTAIRS SELF CONTAINED MOTHER IN LAWS QUARTERS , LOCATED IN DESIRABLE NORTH FORK AREA , FIREPLACE , NEEDS TLC

48. 2016-08-20
    status Pending 155-char remark

    Show marketing remark (155 chars)

    VERY SPACIOUS HOME WITH PLENTY OF POTENTIAL, UPSTAIRS SELF CONTAINED MOTHER IN LAWS QUARTERS , LOCATED IN DESIRABLE NORTH FORK AREA , FIREPLACE , NEEDS TLC

49. 2016-08-04
    listed $134,900 Active 155-char remark

    Show marketing remark (155 chars)

    VERY SPACIOUS HOME WITH PLENTY OF POTENTIAL, UPSTAIRS SELF CONTAINED MOTHER IN LAWS QUARTERS , LOCATED IN DESIRABLE NORTH FORK AREA , FIREPLACE , NEEDS TLC

50. 2016-07-27
    soldstatus $95,000

ⓘ 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: $6,100 · $508/mo
• Projected year-2 tax: $6,100 · $508/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,743
• − Mortgage interest: −$21,622
• − Property taxes: −$6,100
• − Insurance: −$1,930
• − Repairs & maintenance: −$3,419
• − Management: −$3,419
• − Depreciation: −$11,229
• Taxable loss: −$4,977
• Est. tax savings @ 24.0%: +$1,194
• After-tax cash flow: $2,641/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 — White City

• Score: 77/100
• State rank: #209
• US rank: #3227

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White City, FL
• Population (ZIP): 6,167

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Black 24% Hispanic / Latino 21% Two or more races 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 8% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 7% Italian 4% Lithuanian 3%
• Foreign-born: 11% · Canada
• Languages at home: 78% English-only · French/Haitian/Cajun 9% Spanish 8% Other Indo-European 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: ▼ -44.06%
• Current HPI: 408.6633
• Rent YoY: —
• Metro: —
• 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

+137.3% since first listed

58 events — show timeline

• 2026-05-22 Price Changed $351,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Price Changed $699,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $352,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $354,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $357,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Price Changed $359,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Price Changed $362,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $367,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $369,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Price Changed $374,374 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Price Changed $379,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Price Changed $408,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Price Changed $409,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Price Changed $409,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $999,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $411,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-11 Price Changed $414,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-09 Price Changed $417,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-06 Price Changed $419,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Price Changed $421,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Price Changed $426,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Listed $429,999 Stellar MLS as Distributed by MLS Grid
• 2017-06-05 Sold (Public Records) $279,000 Public Records
• 2017-05-31 Sold (MLS) $279,900 Beaches MLS
• 2017-03-22 Pending — Beaches MLS
• 2017-03-10 Price Changed $279,900 Beaches MLS
• 2017-03-10 Listed $269,900 Beaches MLS
• 2016-09-27 Sold (Public Records) $121,000 Public Records
• 2016-09-16 Sold (MLS) $121,000 Beaches MLS
• 2016-08-20 Pending — Beaches MLS
• 2016-08-04 Listed $134,900 Beaches MLS
• 2016-07-27 Sold (Public Records) $95,000 Public Records
• 2014-12-04 Listing Removed — Beaches MLS
• 2014-12-04 Listing Removed — Beaches MLS
• 2014-10-18 Listing Removed — Beaches MLS
• 2013-12-03 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2011-02-02 Sold (Public Records) $100,000 Public Records
• 2011-01-21 Sold (MLS) $100,000 Beaches MLS
• 2010-11-22 Listing Removed — Beaches MLS
• 2010-09-27 Listed $94,500 Beaches MLS
• 2009-06-06 Listed $154,000 Beaches MLS
• 2009-01-01 Listed $98,900 Beaches MLS
• 2008-04-09 Listed $109,900 Beaches MLS
• 2006-01-13 Listed $329,000 Beaches MLS
• 2004-09-21 Listed $279,000 Beaches MLS
• 2004-01-19 Listed $279,000 Beaches MLS
• 2002-10-11 Listed $265,000 Beaches MLS
• 2002-02-14 Sold (Public Records) $140,000 Public Records
• 2002-02-13 Listing Removed — Beaches MLS
• 2002-02-12 Sold (MLS) $140,000 Beaches MLS
• 2002-02-05 Listing Removed — Beaches MLS
• 2001-08-21 Listed $147,900 Beaches MLS
• 2001-08-21 Listed $147,900 Beaches MLS

Property tax history

+9.4%/yr

Latest (2025): $6,100 · +5.2% YoY. Source: county tax records.