2802 Avenue G · Fort Pierce, FL 34947

$145,000

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 99 Days on market

Built 1969 9,100 sqft lot Est $165k · 12% 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 +29.3/30.0
• ARV discount +12.9/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Livability +3.8/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This solid concrete block home offers an ideal combination of value and location. Located in a well-established Fort Pierce neighborhood just minutes from shopping, schools, parks, major roadways, making daily errands and commuting convenient. Inside, you’ll find concrete flooring with an easy flow floor plan. Step outside to a spacious yard with plenty of room for pets, play, or entertaining. Best of all, there's no HOA, giving you the flexibility to truly make this home your own. Perfect for first-time homebuyers, investors, or anyone seeking an affordable opportunity in a growing area, this property checks all the boxes!

Key facts

• Spacious yard
• No hoa
• Concrete block home

Tags

• CONCRETE BLOCK HOME
• SPACIOUS YARD
• NO HOA
• WELL-ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• HOA & community: No association amenities

Exterior

• Parking: Carport (1 space); Driveway; One covered parking space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; First-floor entry; Home faces south; Resale condition
• Construction: Block/CBS construction; Metal roof; Built as a single-story structure
• Exterior features: Front porch

Interior

• Kitchen: Gas range; Water purifier; Water softener
• Bedrooms: Three bedrooms on the main level
• Flooring: Concrete flooring; Other flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Three-way split bedroom layout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $132k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 3.7% in Fort Pierce — 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 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, amenities F, employment F.
• 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.
• Zoned schools: Weatherbee Elementary School (math 32% / reading 32%, grade F, #1,797 of 2,144 statewide, top 86%, 672 students, 90% FRL); Dan Mccarty Middle School (math 23% / reading 23%, grade F, #542 of 571 statewide, top 95%, 747 students, 88% FRL); Fort Pierce Westwood Academy The W.E.S.T. Prep Magnet (math 16% / reading 36%, grade F, #494 of 667 statewide, top 75%, 2,010 students, 75% FRL) — zoned schools average 85% FRL vs 59% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 44% district-wide (-17 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
• Market conditions: 149 active listings in the ZIP; 38 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).
• At $1,992/mo this rent would consume 46% of the median local household income ($52k/yr) (locally 625% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 + 3.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $100k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 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 1969 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.37% ✓
• Cap rate: 10.53%
• Cash-on-cash: 15.12%
• DSCR: 1.67
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $164,650
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
805 N 27th St	0.06mi	3/1.0	925 (0%)	1mo	$165,000	$178	96
301 N 30th St	0.52mi	3/1.0	960 (+4%)	2mo	$146,300	$152	68
210 N 22nd St	0.66mi	3/1.0	912 (-1%)	2mo	$224,900	$247	65
507 N 24th St	0.33mi	3/1.0	994 (+8%)	15mo	$170,000	$171	60
709 N 20th St	0.50mi	2/2.0 (-1)	864 (-7%)	2mo	$93,000	$108	55
203 N 24th St	0.62mi	3/1.0	896 (-3%)	23mo	$165,000	$184	47
1801 N 25th St	0.66mi	2/1.0 (-1)	876 (-5%)	11mo	$122,000	$139	46
1903 Avenue O	0.73mi	3/1.0	816 (-12%)	12mo	$180,000	$221	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.8%
• Equity multiple: 1.23×
• Total profit: $9,155
• Equity at exit: $21,620

10-year hold

• IRR: 15.2%
• Equity multiple: 2.24×
• Total profit: $50,203
• Equity at exit: $12,537

Cash invested: $40,600 (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 34947

• Home prices YoY: -8.6%
• Active inventory: 149
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,992 high
• Mortgage (P&I): −$760
• Tax from tax record: −$241 /mo · $2,898/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $512

Break-even live

Break-even rent $1,345

Max offer price $145,000

Occupancy floor 69%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2804 Avenue J Fort Pierce, FL	3.0	1.0	816	$2,000	$2.45	14d	1	0.18mi
505 N 27th St Fort Pierce, FL	3.0	1.0	879	$2,660	$3.03	23d	1	0.26mi
2908 Dunbar St Fort Pierce, FL	2.0	1.0	942	$1,300	$1.38	21d	1	0.33mi
907 N 20th St Apt B Fort Pierce, FL	3.0	1.0	980	$1,800	$1.84	23d	1	0.49mi
312 N 27th St Fort Pierce, FL	2.0	1.0	868	$1,600	$1.84	23d	1	0.49mi
1408 N 23rd St Fort Pierce, FL	3.0	1.0	1110	$1,900	$1.71	14d	1	0.51mi
1610 N 25th St Unit 13 Fort Pierce, FL	2.0	1.0	740	$1,550	$2.09	23d	1	0.56mi
1610 N 25th St Unit 10 Fort Pierce, FL	2.0	1.0	740	$1,600	$2.16	23d	1	0.56mi
1610 N 25th St Unit 1 Fort Pierce, FL	2.0	1.0	740	$1,600	$2.16	14d	1	0.56mi
2202 N AVE Unit A Fort Pierce, FL	2.0	1.0	585	$1,500	$2.56	23d	1	0.56mi
204 N 28th St Fort Pierce, FL	3.0	2.0	1000	$1,550	$1.55	23d	1	0.57mi
3002 Avenue Q Fort Pierce, FL	2.0	1.0	864	$1,900	$2.20	23d	1	0.63mi
205 N 22nd St Fort Pierce, FL	2.0	1.0	1050	$1,500	$1.43	23d	1	0.67mi
1617 Avenue E Fort Pierce, FL	3.0	1.0	1100	$1,800	$1.64	23d	1	0.72mi
1710 N 21st St Fort Pierce, FL	3.0	1.0	968	$2,100	$2.17	14d	1	0.74mi
4005 Avenue I Unit A Fort Pierce, FL	2.0	1.0	880	$1,600	$1.82	14d	1	0.76mi
4005 Avenue I Unit A Fort Pierce, FL	2.0	1.0	880	$1,600	$1.82	23d	1	0.76mi
1607 Avenue D Fort Pierce, FL	3.0	2.0	1029	$1,700	$1.65	14d	1	0.78mi
1604 Avenue E Fort Pierce, FL	2.0	1.0	713	$1,350	$1.89	14d	1	0.78mi
434 N 17th St Fort Pierce, FL	2.0	1.0	712	$1,500	$2.11	23d	1	0.78mi
3101 Avenue T Fort Pierce, FL	2.0	2.0	1064	$1,980	$1.86	23d	1	0.79mi
1601 N 17th St Fort Pierce, FL	2.0	1.0	996	$1,650	$1.66	23d	1	0.83mi
1405 Avenue G Apt A Fort Pierce, FL	3.0	2.0	1064	$2,200	$2.07	23d	1	0.89mi
1911 Boston Ave Fort Pierce, FL	4.0	3.0	930	$3,500	$3.76	23d	1	0.96mi
136 N 15th St Unit C Fort Pierce, FL	2.0	1.0	688	$1,375	$2.00	23d	1	1.03mi
1220 Avenue L Unit A Fort Pierce, FL	3.0	1.0	850	$1,700	$2.00	23d	1	1.05mi
1225 Avenue K Fort Pierce, FL	3.0	1.0	837	$1,700	$2.03	23d	1	1.06mi
508 Means Ct Fort Pierce, FL	3.0	3.0	826	$1,950	$2.36	14d	1	1.06mi
1127 E Avenue Unit A Fort Pierce, FL	2.0	1.0	784	$1,800	$2.30	21d	1	1.12mi
529 N 11th St Fort Pierce, FL	2.0	2.0	634	$1,200	$1.89	21d	1	1.17mi
1406 Citrus Ave Fort Pierce, FL	2.0	1.0	930	$1,600	$1.72	14d	1	1.21mi
1910 Juanita Ave Fort Pierce, FL	3.0	2.0	1100	$2,000	$1.82	14d	1	1.22mi
2107 San Marcos Ave Fort Pierce, FL	2.0	1.0	625	$1,171	$1.87	21d	1	1.28mi
701 N 9th St Unit B Fort Pierce, FL	2.0	2.0	740	$1,395	$1.89	23d	1	1.30mi
510 Texas Ct Fort Pierce, FL	2.0	1.0	750	$1,400	$1.87	23d	1	1.44mi
1002 Boston Ave Fort Pierce, FL	2.0	1.0	809	$2,000	$2.47	23d	1	1.44mi
3208 Louisiana Ave Apt 3 Fort Pierce, FL	3.0	1.0	1050	$1,500	$1.43	23d	1	1.44mi
127 S 10th St Fort Pierce, FL	2.0	1.0	809	$1,800	$2.22	23d	1	1.45mi

Listing history 21 events

1. 2026-06-18
   days on market $145,000 Active 99 DOM
2. 2026-06-17
   days on market $145,000 Active 98 DOM
3. 2026-06-16
   days on market $145,000 Active 97 DOM
4. 2026-06-15
   status $145,000 Active 96 DOM
5. 2026-06-15
   days on market $145,000 Active Under Contract 96 DOM
6. 2026-06-14
   days on market $145,000 Active Under Contract 94 DOM
7. 2026-06-13
   days on market $145,000 Active Under Contract 93 DOM
8. 2026-06-10
   days on market $145,000 Active Under Contract 91 DOM
9. 2026-06-09
   days on market $145,000 Active Under Contract 90 DOM
10. 2026-06-08
    days on market $145,000 Active Under Contract 89 DOM
11. 2026-06-07
    days on market $145,000 Active Under Contract 88 DOM
12. 2026-06-05
    days on market $145,000 Active Under Contract 85 DOM
13. 2026-06-03
    days on market $145,000 Active Under Contract 84 DOM
14. 2026-06-02
    days on market $145,000 Active Under Contract 83 DOM
15. 2026-06-01
    days on market $145,000 Active Under Contract 82 DOM
16. 2026-05-31
    days on market $145,000 Active Under Contract 81 DOM
17. 2026-05-30
    days on market $145,000 Active Under Contract 80 DOM
18. 2026-04-24
    historical Active Under Contract
19. 2026-04-02
    price $145,000
20. 2026-01-19
    listed $186,000 Active
21. 2020-04-30
    soldstatus $100,000

ⓘ 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: $2,898 · $241/mo
• Projected year-2 tax: $2,898 · $241/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $23,908
• − Mortgage interest: −$8,122
• − Property taxes: −$2,898
• − Insurance: −$725
• − Repairs & maintenance: −$1,913
• − Management: −$1,913
• − Depreciation: −$4,218
• Taxable income: $4,119
• Est. tax owed @ 24.0%: −$989
• After-tax cash flow: $5,151/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 — Fort Pierce

• Score: 76/100
• State rank: #226
• US rank: #3360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Pierce, FL
• County: Saint Lucie County · 337,150 people
• City population: 78,556
• Metro: Port St. Lucie, FL
• Population (ZIP): 12,804
• Household income: $51,811
• Rent vs Own: 52.4% rent · 47.6% own
• Severe rent burden: 625.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 22% White 17% Two or more races 10% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 3% Cuban 1%
• Common ancestry: Hispanic 8% Italian 2% Romanian 1%
• Foreign-born: 16% · Canada
• Languages at home: 73% English-only · Spanish 17% French/Haitian/Cajun 7% Other Indo-European 2%

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: ▼ -33.68%
• Current HPI: 356.2528
• Rent YoY: —
• 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

+45.0% since first listed

4 events — show timeline

• 2026-04-24 Contingent — Beaches MLS
• 2026-04-02 Price Changed $145,000 Beaches MLS
• 2026-01-19 Listed $186,000 Beaches MLS
• 2020-04-30 Sold (Public Records) $100,000 Public Records

Property tax history

+18.0%/yr

Latest (2025): $2,898 · +8.2% YoY. Source: county tax records.