1555 14th Ave #201 · Vero Beach, FL 32960

$119,000

2 bd · 2.0 ba · 1,250 sqft · Condo public records · 66 Days on market

Built 1980 $450/mo HOA · 20% of rent

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained, non-age restricted condo—perfect for homeowners or investors with no rental waiting period! Centrally located near shopping, dining, art galleries, and pubs. Features vaulted ceilings, tile & laminate flooring throughout, 2025 new appliances, 2024 new roof, and tankless water heater. Enjoy the screened-in lanai and community amenities including pool & tennis courts. Great opportunity in a prime location! at a Fantastic Price!

Key facts

• Laminate flooring
• Centrally located
• New appliances

Tags

• NON-AGE RESTRICTED CONDO
• CENTRALLY LOCATED
• VAULTED CEILINGS
• TILE FLOORING
• LAMINATE FLOORING
• NEW APPLIANCES

Property features AI

Finance

• Financial info: Tax information not included per instructions
• HOA & community: Association-managed (SELF MNGMT-SUTTON PLACE); Monthly HOA fee of $400; HOA includes insurance, grounds maintenance, common area upkeep, and recreation facility; Community amenities: pool and tennis courts; Pets allowed with restrictions and limits

Exterior

• Parking: Assigned open parking (1 space)
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Three-phase electric service; Cable available
• Home design: Condominium; Single-story / One level; East-facing
• Construction: Block and concrete construction; Composition roof and rolled/hot mop roof
• Exterior features: No waterfront; no waterfront features

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Refrigerator; Electric water heater
• Bedrooms: Two bedrooms on the main level
• Flooring: Laminate flooring; Wood flooring
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: No additional interior features listed; Sliding windows
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 2.9% in Vero Beach — 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 80/100 on livability (#116 in FL, #1,784 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: employment 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.
• Zoned schools: Vero Beach Elementary School (math 39% / reading 36%, grade F, #1,596 of 2,144 statewide, top 75%, 599 students, 80% FRL); Gifford Middle School (math 46% / reading 45%, grade D+, #305 of 571 statewide, top 54%, 582 students, 72% FRL); Vero Beach High School (math 28% / reading 43%, grade F, #367 of 667 statewide, top 57%, 2,847 students, 50% FRL).
• Market conditions: Rents soft (-1.7%/yr); 206 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k 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 + 0.0% rent growth), your $33k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 4y 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 $28k; list at $119k implies a 333% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 20% of rent.
• 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 $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.88% ✓
• Cap rate: 11.60%
• Cash-on-cash: 18.96%
• DSCR: 1.84
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.24×
• Total profit: $7,972
• Equity at exit: $17,743

10-year hold

• IRR: 12.0%
• Equity multiple: 1.78×
• Total profit: $25,917
• Equity at exit: $10,289

Cash invested: $33,320 (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 32960

• Home prices YoY: -25.5%
• Rents YoY: -1.7%
• Active inventory: 206
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,242 high
• Mortgage (P&I): −$624
• Tax from tax record: −$121 /mo · $1,455/yr
• Insurance: −$50
• HOA: −$450
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $526

Break-even live

Break-even rent $1,576

Max offer price $119,000

Occupancy floor 72%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1306 12th St Unit B Vero Beach, FL	2.0	1.0	1000	$1,600	$1.60	21d	1	0.43mi
1725 20th Ave Vero Beach, FL	3.0	2.0	1394	$3,000	$2.15	13d	1	0.50mi
2035 15th Pl Vero Beach, FL	1.0	1.0	1400	$1,750	$1.25	13d	1	0.51mi
974 14th Ln Vero Beach, FL	1.0–3.0	1.0–3.0	1828	$4,049	$2.21	13d	32	0.51mi
1936 18th Ave Unit A Vero Beach, FL	2.0	1.0	1100	$2,000	$1.82	21d	1	0.53mi
939 19th St Unit 961 Vero Beach, FL	2.0	2.0	1000	$1,850	$1.85	21d	1	0.58mi
1608 24th Ave Unit NA Vero Beach, FL	3.0	2.0	1800	$2,000	$1.11	21d	1	0.68mi
1616 24th Ave Vero Beach, FL	3.0	2.0	1430	$2,495	$1.74	13d	1	0.68mi
859 20th St Vero Beach, FL	2.0	2.0	1736	$6,000	$3.46	21d	1	0.73mi
686 17th St Vero Beach, FL	2.0	1.0	950	$1,700	$1.79	13d	2	0.77mi
2222 Ponce De Leon Cir Unit B Vero Beach, FL	2.0	1.0	970	$1,650	$1.70	13d	1	0.81mi
1136 9th Sq Unit 1467671P Vero Beach, FL	3.0	2.0	1399	$4,165	$2.98	21d	1	0.81mi
635 18th Pl Vero Beach, FL	3.0	2.0	1120	$2,300	$2.05	21d	1	0.85mi
2616 15th St Vero Beach, FL	2.0	2.0	1268	$2,400	$1.89	13d	1	0.87mi
1748 23rd St Vero Beach, FL	1.0	1.0	900	$1,250	$1.39	13d	1	0.88mi
843 22nd Pl Vero Beach, FL	2.0	1.0	1790	$3,300	$1.84	13d	1	0.94mi
808 22nd St Unit 8 Vero Beach, FL	2.0	2.0	1000	$1,465	$1.47	21d	1	0.95mi
516 13th Pl Vero Beach, FL	3.0	2.0	1102	$1,800	$1.63	21d	1	0.96mi
1450 5th Ave Vero Beach, FL	3.0	2.0	1124	$2,400	$2.14	21d	1	0.97mi
1330 28th Ave Vero Beach, FL	3.0	2.0	1488	$3,200	$2.15	21d	1	0.99mi
2434 19th Ave Vero Beach, FL	3.0	2.0	1335	$3,500	$2.62	13d	1	1.00mi
400 18th St Vero Beach, FL	2.0	2.0	1065	$1,575	$1.48	21d	1	1.08mi
400 18th St Vero Beach, FL	2.0	2.0	1065	$1,512	$1.42	13d	2	1.08mi
1702 7th St Vero Beach, FL	3.0	2.0	1230	$2,100	$1.71	13d	1	1.09mi
572 10th Pl Vero Beach, FL	3.0	2.0	1524	$2,500	$1.64	21d	1	1.11mi
1510 3rd Ct Vero Beach, FL	3.0	2.0	950	$6,000	$6.32	13d	1	1.11mi
677 Royal Palm Blvd #22 Vero Beach, FL	2.0	2.0	1200	$1,700	$1.42	13d	1	1.14mi
1170 6th Ave Unit 2D Vero Beach, FL	2.0	2.5	1170	$1,800	$1.54	13d	1	1.15mi
1166 6th Ave Vero Beach, FL	2.0	2.0	1140	$2,200	$1.93	13d	1	1.15mi
1166 6th Ave Unit D Vero Beach, FL	2.0	2.0	1140	$2,000	$1.75	21d	1	1.16mi
303 18th Pl Vero Beach, FL	2.0	1.5	1200	$1,599	$1.33	21d	1	1.16mi
315 18th Pl Unit 315 Vero Beach, FL	2.0	1.5	1200	$1,599	$1.33	21d	1	1.17mi
855 6th Ave Vero Beach, FL	2.0	2.0	1194	$1,950	$1.63	13d	1	1.19mi
1801 Indian River Blvd Unit C7 Vero Beach, FL	2.0	2.0	1200	$1,700	$1.42	13d	1	1.22mi
1135 3rd Ave #101 Vero Beach, FL	2.0	2.0	906	$1,800	$1.99	21d	1	1.22mi
2706 10th Ave Vero Beach, FL	3.0	2.0	1818	$3,200	$1.76	13d	1	1.23mi
725 23rd Ave Vero Beach, FL	3.0	2.0	1696	$3,500	$2.06	21d	1	1.23mi
400 E Waverly Pl Unit 2b Vero Beach, FL	2.0	2.5	1170	$1,900	$1.62	21d	1	1.24mi
600 Royal Palm Blvd Unit 1A Vero Beach, FL	2.0	2.0	1400	$2,000	$1.43	21d	1	1.26mi
340 E Waverly Pl Unit 6D Vero Beach, FL	1.0	1.5	1200	$1,000	$0.83	21d	1	1.27mi

HOA detail condo

• Monthly dues: $450 · $5,400/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 35 events

1. 2026-06-19
   days on market $119,000 Active 66 DOM
2. 2026-06-18
   days on market $119,000 Active 65 DOM
3. 2026-06-17
   days on market $119,000 Active 64 DOM
4. 2026-06-16
   days on market $119,000 Active 63 DOM
5. 2026-06-15
   days on market $119,000 Active 62 DOM
6. 2026-06-14
   days on market $119,000 Active 60 DOM
7. 2026-06-13
   pricedays on market $119,000 Active 59 DOM
8. 2026-06-10
   days on market $125,000 Active 57 DOM
9. 2026-06-09
   days on market $125,000 Active 56 DOM
10. 2026-06-08
    days on market $125,000 Active 55 DOM
11. 2026-06-07
    days on market $125,000 Active 54 DOM
12. 2026-06-05
    days on market $125,000 Active 51 DOM
13. 2026-06-02
    days on market $125,000 Active 49 DOM
14. 2026-06-01
    days on market $125,000 Active 48 DOM
15. 2026-05-31
    days on market $125,000 Active 47 DOM
16. 2026-05-30
    days on market $125,000 Active 46 DOM
17. 2026-04-14
    listed $125,000 Active
18. 2026-04-13
    listed $125,000 Active 471-char remark

    Show marketing remark (471 chars)

    Beautifully maintained, non-age restricted condo—perfect for homeowners or investors with no rental waiting period! Centrally located near shopping, dining, art galleries, and pubs. Features vaulted ceilings, tile & laminate flooring throughout, 2025 new appliances, 2024 new roof, and tankless water heater. Enjoy the screened-in lanai and community amenities including pool & tennis courts. Great opportunity in a prime location! at a Fantastic Price!

19. 2025-03-26
    historical
20. 2025-03-18
    historical $1,675
21. 2025-02-19
    price $1,675
22. 2025-02-12
    listed $1,750
23. 2025-02-12
    historical $1,750
24. 2025-02-12
    listed $1,750
25. 2025-02-11
    listed $165,000 Active
26. 2025-02-11
    listed $165,000 Active
27. 2022-08-31
    historical
28. 2022-02-22
    price $165,000
29. 2022-02-22
    price $165,000
30. 2022-02-16
    listed $150,000 Active
31. 2022-02-16
    listed $150,000 Active
32. 2015-01-15
    soldstatus $27,500
33. 2006-06-21
    soldstatus $102,100
34. 2002-07-03
    soldstatus $38,000
35. 1980-12-01
    soldstatus $41,600

ⓘ 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: $1,455 · $121/mo
• Projected year-2 tax: $1,455 · $121/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 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $26,907
• − Mortgage interest: −$6,666
• − Property taxes: −$1,455
• − Insurance: −$595
• − Repairs & maintenance: −$2,153
• − Management: −$2,153
• − HOA: −$5,400
• − Depreciation: −$3,462
• Taxable income: $5,024
• Est. tax owed @ 24.0%: −$1,206
• After-tax cash flow: $5,112/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 — Vero Beach

• Score: 80/100
• State rank: #116
• US rank: #1784

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vero Beach, FL
• County: Indian River County · 143,738 people
• City population: 98,707
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 25,259
• Household income: $54,682
• Rent vs Own: 40.7% rent · 59.3% own
• Severe rent burden: 1166.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 16% Two or more races 12% Black 10% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 3% Cuban 2%
• Common ancestry: Italian 4% Slovak 3% Romanian 3%
• Foreign-born: 11% · Canada, Jamaica, Vietnam
• Languages at home: 82% English-only · Spanish 13% French/Haitian/Cajun 2% Other Asian/Pacific 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: ▼ -103.20%
• Current HPI: 302.0029
• Rent YoY: ▼ -1.66%
• 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

+200.5% since first listed

19 events — show timeline

• 2026-04-14 Listed $125,000 Beaches MLS
• 2026-04-13 Listed $125,000 RAIRCMLS
• 2025-03-26 Listing Removed — Beaches MLS
• 2025-03-18 Rental Removed $1,675 RMLSFL
• 2025-02-19 Price Changed $1,675 RMLSFL
• 2025-02-12 Listed for Rent $1,750 RMLSFL
• 2025-02-12 Rental Removed $1,750 RAIRCMLS
• 2025-02-12 Listed for Rent $1,750 RAIRCMLS
• 2025-02-11 Listed $165,000 RAIRCMLS
• 2025-02-11 Listed $165,000 Beaches MLS
• 2022-08-31 Listing Removed — Beaches MLS
• 2022-02-22 Price Changed $165,000 Beaches MLS
• 2022-02-22 Price Changed $165,000 RAIRCMLS
• 2022-02-16 Listed $150,000 RAIRCMLS
• 2022-02-16 Listed $150,000 Beaches MLS
• 2015-01-15 Sold (MLS) $27,500 RAIRCMLS
• 2006-06-21 Sold (Public Records) $102,100 Public Records
• 2002-07-03 Sold (Public Records) $38,000 Public Records
• 1980-12-01 Sold (Public Records) $41,600 Public Records

Property tax history

+11.0%/yr

Latest (2025): $1,455 · +6.1% YoY. Source: county tax records.