14524 Rake Dr · Indiantown, FL 34956

$54,000

2 bd · 2.0 ba · 1,456 sqft · Manufactured · 169 Days on market

Built 1990 Average condition 5,009 sqft lot $37/sqft · 130% above area ↓ 10% since listing

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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 +15.0/30.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.5/10.0
• Livability +3.0/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

BRAND NEW WINDOWS! This home is perfectly situated near recreational areas. Grab your swimsuit, towel & sunscreen, walk straight to the pool through your backyard! Enjoy an active social calendar w/ pancake breakfasts, arts & crafts, exercise classes & more. Spacious open kitchen features an added passthrough countertop area, perfect for entertaining. No carpet here, makes cleanup a breeze after a beach visit. Freshly painted extended driveway adds a nice touch. Amenities: 2 community pools, a dog park, recreational center, fitness room, tennis courts, shuffleboard, bocce ball, and pickleball. There’s also a public golf course, pro shop, and a restaurant with indoor and outdoor seating, a full liquor license & views of the golf course & lake. Pet-friendly 55+ community w/ restrictions. Land lease is $1,354.00 per month, covering lawn care, Internet, TV, trash, recreational facilities, property tax, insurance & management. Partially furnished. Visit MartinCountyMonarch.com

Key facts

• Dog park
• Recreational center
• Recreational areas

Tags

• BRAND NEW WINDOWS
• RECREATIONAL AREAS
• COMMUNITY POOLS
• DOG PARK
• RECREATIONAL CENTER
• FITNESS ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $54k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $54k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 38.8% vs local median 10.9% in Indiantown — 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 59/100 on livability (#829 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• 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.
• Market conditions: 135 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($373 loan paydown + $4k appreciation (6.7% local appreciation)).
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (6.7% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 169 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $4k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $47,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 4.31% ✓
• Cap rate: 38.84%
• Cash-on-cash: 116.24%
• DSCR: 6.17
• GRM: 1.9

CMA / ARV

• ARV (median comp): $23,450
• List price: $54,000
• Delta: 130.28%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16222 SW Five Wood Way	0.11mi	2/2.0	1,456 (0%)	1mo	$1,000	$1	94
14621 SW Divot Dr Unit A-17	0.13mi	2/2.0	1,456 (0%)	2mo	$25,000	$17	92
14473 SW Rake Dr	0.06mi	2/2.0	1,456 (0%)	6mo	$10,000	$7	92
16241 SW Sw Five Wood Way Unit J-15	0.14mi	2/2.0	1,456 (0%)	2mo	$20,000	$14	91
14581 Divot Dr SW	0.12mi	2/2.0	1,456 (0%)	4mo	$32,000	$22	91
16446 SW Three Wood Way	0.23mi	2/2.0	1,456 (0%)	5mo	$20,000	$14	85
14389 SW Sand Wedge Dr	0.35mi	2/2.0	1,456 (0%)	2mo	$34,000	$23	82
16328 SW Indianwood Cir	0.25mi	2/2.0	1,456 (0%)	8mo	$8,000	$5	82
15957 Indianwood Circle Cir	0.07mi	2/2.0	1,568 (+8%)	6mo	$26,000	$17	79
16227 SW Two Wood Way	0.13mi	2/2.0	1,600 (+10%)	7mo	$7,000	$4	72
16387 SW Two Wood Way	0.21mi	2/2.0	1,271 (-13%)	8mo	$10,000	$8	62
16320 SW Indianwood Cir	0.26mi	2/2.0	1,624 (+12%)	8mo	$65,000	$40	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.34×
• Total profit: $111,023
• Equity at exit: $36,194

10-year hold

• IRR: —
• Equity multiple: 17.74×
• Total profit: $253,122
• Equity at exit: $67,669

Cash invested: $15,120 (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 34956

• Home prices YoY: 1.2%
• Active inventory: 135
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $2,326 medium
• Mortgage (P&I): −$283
• Tax est. 1.5%: −$68 /mo · $810/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $1,465

Break-even live

Break-even rent $472

Max offer price $54,000

Occupancy floor 32%

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: $13,500
• Closing costs: $1,620
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15817 SW Winter Rd Indiantown, FL	3.0	2.5	1428	$2,300	$1.61	14d	1	0.41mi
15760 SW Hammock Way Indiantown, FL	3.0–4.0	2.0–3.5	1918	$2,420	$1.26	1d	41	1.12mi

Listing history 21 events

1. 2026-06-18
   days on market $54,000 Active 169 DOM
2. 2026-06-17
   days on market $54,000 Active 168 DOM
3. 2026-06-16
   days on market $54,000 Active 167 DOM
4. 2026-06-15
   days on market $54,000 Active 166 DOM
5. 2026-06-14
   days on market $54,000 Active 164 DOM
6. 2026-06-13
   days on market $54,000 Active 163 DOM
7. 2026-06-10
   days on market $54,000 Active 161 DOM
8. 2026-06-09
   days on market $54,000 Active 160 DOM
9. 2026-06-08
   days on market $54,000 Active 159 DOM
10. 2026-06-07
    days on market $54,000 Active 158 DOM
11. 2026-06-03
    days on market $54,000 Active 154 DOM
12. 2026-06-02
    days on market $54,000 Active 153 DOM
13. 2026-06-01
    days on market $54,000 Active 152 DOM
14. 2026-05-31
    days on market $54,000 Active 151 DOM
15. 2026-05-31
    days on market $54,000 Active 150 DOM
16. 2026-04-29
    price $54,000 1028-char remark

    Show marketing remark (1028 chars)

    BRAND NEW WINDOWS! This home is perfectly situated near recreational areas. Grab your swimsuit, towel & sunscreen, walk straight to the pool through your backyard! Enjoy an active social calendar w/ pancake breakfasts, arts & crafts, exercise classes & more. Spacious open kitchen features an added passthrough countertop area, perfect for entertaining. No carpet here, makes cleanup a breeze after a beach visit. Freshly painted extended driveway adds a nice touch. Amenities: 2 community pools, a dog park, recreational center, fitness room, tennis courts, shuffleboard, bocce ball, and pickleball. There’s also a public golf course, pro shop, and a restaurant with indoor and outdoor seating, a full liquor license & views of the golf course & lake. Pet-friendly 55+ community w/ restrictions. Land lease is $1,354.00 per month, covering lawn care, Internet, TV, trash, recreational facilities, property tax, insurance & management. Partially furnished. Visit MartinCountyMonarch.com

17. 2026-01-05
    price $56,000 1028-char remark

    Show marketing remark (1028 chars)

    BRAND NEW WINDOWS! This home is perfectly situated near recreational areas. Grab your swimsuit, towel & sunscreen, walk straight to the pool through your backyard! Enjoy an active social calendar w/ pancake breakfasts, arts & crafts, exercise classes & more. Spacious open kitchen features an added passthrough countertop area, perfect for entertaining. No carpet here, makes cleanup a breeze after a beach visit. Freshly painted extended driveway adds a nice touch. Amenities: 2 community pools, a dog park, recreational center, fitness room, tennis courts, shuffleboard, bocce ball, and pickleball. There’s also a public golf course, pro shop, and a restaurant with indoor and outdoor seating, a full liquor license & views of the golf course & lake. Pet-friendly 55+ community w/ restrictions. Land lease is $1,354.00 per month, covering lawn care, Internet, TV, trash, recreational facilities, property tax, insurance & management. Partially furnished. Visit MartinCountyMonarch.com

18. 2025-12-31
    listed $58,000 Active 1028-char remark

    Show marketing remark (1028 chars)

    BRAND NEW WINDOWS! This home is perfectly situated near recreational areas. Grab your swimsuit, towel & sunscreen, walk straight to the pool through your backyard! Enjoy an active social calendar w/ pancake breakfasts, arts & crafts, exercise classes & more. Spacious open kitchen features an added passthrough countertop area, perfect for entertaining. No carpet here, makes cleanup a breeze after a beach visit. Freshly painted extended driveway adds a nice touch. Amenities: 2 community pools, a dog park, recreational center, fitness room, tennis courts, shuffleboard, bocce ball, and pickleball. There’s also a public golf course, pro shop, and a restaurant with indoor and outdoor seating, a full liquor license & views of the golf course & lake. Pet-friendly 55+ community w/ restrictions. Land lease is $1,354.00 per month, covering lawn care, Internet, TV, trash, recreational facilities, property tax, insurance & management. Partially furnished. Visit MartinCountyMonarch.com

19. 2025-12-30
    historical
20. 2025-06-24
    price $58,000
21. 2024-08-03
    listed $60,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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: $27,916
• − Mortgage interest: −$3,025
• − Property taxes: −$810
• − Insurance: −$270
• − Repairs & maintenance: −$2,233
• − Management: −$2,233
• − Depreciation: −$1,571
• Taxable income: $17,774
• Est. tax owed @ 24.0%: −$4,266
• After-tax cash flow: $13,310/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 · 12 photos

Average 55/100 Cosmetic rehab

This manufactured home requires cosmetic updates to kitchen cabinets and countertops, bathroom vanity and fixtures, and exterior siding. These updates would significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom vanity — dated and in need of replacement
• Moderate exterior siding — weathered and in need of repainting

Value-add opportunities

• Both update kitchen cabinets and countertops — modernizing the kitchen would increase both resale and rental value
• Both replace bathroom vanity and fixtures — modernizing the bathroom would increase both resale and rental value
• Both paint interior walls — fresh paint would improve the home's curb appeal and interior aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom vanity · dated and in need of replacement	Moderate	$3,000–15,000
exterior siding · weathered and in need of repainting	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — modernizing the kitchen would increase both resale and rental value ↑
• Both replace bathroom vanity and fixtures — modernizing the bathroom would increase both resale and rental value ↑
• Both paint interior walls — fresh paint would improve the home's curb appeal and interior aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

Livability — Indiantown

• Score: 59/100
• State rank: #829
• US rank: #20298

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indiantown, FL
• Population (ZIP): 9,639

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 49% Black 24% White 24% Two or more races 16% Native American 5% Asian 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 4% Cuban 1%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 22% · Canada
• Languages at home: 55% English-only · Spanish 42%

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: ▲ 6.65%
• Current HPI: 561.896
• 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

-10.0% since first listed

6 events — show timeline

• 2026-04-29 Price Changed $54,000 MCRTC
• 2026-01-05 Price Changed $56,000 MCRTC
• 2025-12-31 Listed $58,000 MCRTC
• 2025-12-30 Listing Removed — MCRTC
• 2025-06-24 Price Changed $58,000 MCRTC
• 2024-08-03 Listed $60,000 MCRTC