7 Madrid Ln · Port St. Lucie, FL 34952

$60,000

2 bd · 2.0 ba · 1,330 sqft · Manufactured · 34 Days on market

Built 1980 $825/mo HOA · 43% 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 +3.7/10.0
• Rent growth +3.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Paradise awaits in this beautifully located home within a vibrant 55+ community! Sitting on an oversized lot with sweeping views of the private lake, this property offers the perfect blend of comfort, convenience, and Florida serenity. Enjoy an expansive covered carport—large enough for multiple vehicles—plus a spacious storage shed tucked neatly at the back. The home also includes full hurricane shutters for peace of mind during storm season. Residents enjoy access to fantastic community amenities, including a sparkling pool, golf, and tennis. The HOA covers all amenities and the land lease, making living here both easy and affordable.

Key facts

• Golf
• Private lake
• Covered carport

Tags

• OVERSIZED LOT
• PRIVATE LAKE
• COVERED CARPORT
• STORAGE SHED
• HURRICANE SHUTTERS
• GOLF

Property features AI

Finance

• Other: Directions: US 1 East to Spanish Lakes, right into community and merge to Mediterranean Blvd N, right on Madrid Ln; the house will be on the right.
• Financial info: Land lease in effect (monthly payment); Pets allowed with limits
• HOA & community: Spanish Lakes association; Monthly association fee; Association amenities include clubhouse, golf course, tennis courts, and library; Association fees cover security, trash, common areas and recreation facilities; Senior community

Exterior

• Parking: 2 total parking spaces; Attached carport (1 covered/carport space)
• Utilities: Public water; Public sewer; Water service available
• Home design: Manufactured home; One story; Resale property; Faces east
• Construction: Wood siding; Modular construction; Metal roof; Built as a single-story structure
• Exterior features: Covered patio; Patio; Waterfront

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Laminate; Wood
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Electric heating (zoned, central individual); Central air conditioning; Ceiling fan(s); Electric cooling
• Interior features: Built-in features; Stacked bedroom layout; Closet cabinetry; Furnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 3.9% in Port St. Lucie — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: Savanna Ridge Elementary School (math 40% / reading 45%, grade F, #1,383 of 2,144 statewide, top 65%, 452 students, 75% FRL); Port St. Lucie High School (math 21% / reading 43%, grade F, #415 of 667 statewide, top 63%, 1,748 students, 67% FRL).
• Market conditions: Rents rising (+1.9%/yr); 639 active listings in the ZIP; 8 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).
• This rent runs 38% of the median local income ($62k/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 $415 of loan paydown is wiped out by about $2k 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 + 1.9% rent growth), your $17k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: HOA is 43% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 3.23% ✓
• Cap rate: 12.14%
• Cash-on-cash: 20.87%
• DSCR: 1.93
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $126,350
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31 Huarte Way	0.13mi	2/2.0	1,188 (-11%)	3mo	$45,000	$38	73
7953 Horned Lark Cir	0.48mi	2/2.0	1,286 (-3%)	1mo	$130,000	$101	71
3005 Approach Shot Way	0.63mi	2/2.0	1,333 (+0%)	3mo	$149,900	$112	68
25 Rio Verde Way	0.12mi	2/2.0	1,200 (-10%)	22mo	$64,900	$54	60
82 Spanish Way	0.25mi	2/2.0	1,245 (-6%)	22mo	$18,000	$14	59
2948 Fiddlewood Cir	0.75mi	2/2.0	1,280 (-4%)	1mo	$122,000	$95	58
38 Alta Loma	0.72mi	2/2.0	1,433 (+8%)	5mo	$180,000	$126	50
3115 Palm Warbler Ct	0.66mi	2/2.0	1,429 (+7%)	9mo	$140,000	$98	49
2816 Eagles Nest Way	0.61mi	2/2.0	1,134 (-15%)	7mo	$146,000	$129	41
8 S Alhambra Ln	0.72mi	3/2.0 (+1)	1,400 (+5%)	14mo	$100,000	$71	41
7 Reforma Ln	0.59mi	2/2.0	1,150 (-14%)	20mo	$37,000	$32	34

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 · 1.92% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.44×
• Total profit: $7,337
• Equity at exit: $8,946

10-year hold

• IRR: 18.8%
• Equity multiple: 2.44×
• Total profit: $24,157
• Equity at exit: $5,188

Cash invested: $16,800 (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 34952

• Home prices YoY: -29.6%
• Rents YoY: 1.9%
• Active inventory: 639
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,939 high
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$825
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $292

Break-even live

Break-even rent $1,569

Max offer price $60,000

Occupancy floor 80%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Bella Vista Way Port Saint Lucie, FL	1.0–2.0	1.0–2.0	995	$1,764	$1.77	14d	15	0.74mi
7700 Pine Lakes Blvd Port Saint Lucie, FL	1.0–3.0	1.0–2.0	1022	$1,878	$1.84	14d	16	1.14mi
3784 Sapodilla Ct Port Saint Lucie, FL	2.0	2.0	1121	$2,300	$2.05	23d	1	1.30mi
14 Lake Vista Trl #101 Port Saint Lucie, FL	2.0	2.0	1170	$2,200	$1.88	23d	1	1.35mi
71 W Caribbean Port St. Lucie, FL	2.0	2.0	1417	$1,700	$1.20	23d	1	1.37mi
124 E Arbor Ave Port Saint Lucie, FL	3.0	1.0	964	$2,550	$2.65	14d	1	1.41mi
11 Lake Vista Trl #206 Port Saint Lucie, FL	2.0	2.0	1080	$1,400	$1.30	23d	1	1.42mi
26 Lake Vista Trl #201 Port Saint Lucie, FL	2.0	2.0	1170	$1,500	$1.28	23d	1	1.44mi

HOA detail

• Monthly dues: $825 · $9,900/yr
• Likely covers: pool

Listing history 28 events

1. 2026-06-18
   days on market $60,000 Active 34 DOM
2. 2026-06-17
   days on market $60,000 Active 33 DOM
3. 2026-06-16
   days on market $60,000 Active 32 DOM
4. 2026-06-15
   days on market $60,000 Active 31 DOM
5. 2026-06-14
   days on market $60,000 Active 29 DOM
6. 2026-06-13
   days on market $60,000 Active 28 DOM
7. 2026-06-10
   days on market $60,000 Active 26 DOM
8. 2026-06-09
   days on market $60,000 Active 25 DOM
9. 2026-06-08
   days on market $60,000 Active 24 DOM
10. 2026-06-07
    days on market $60,000 Active 23 DOM
11. 2026-06-05
    days on market $60,000 Active 20 DOM
12. 2026-06-03
    days on market $60,000 Active 19 DOM
13. 2026-06-02
    days on market $60,000 Active 18 DOM
14. 2026-06-01
    days on market $60,000 Active 17 DOM
15. 2026-05-31
    days on market $60,000 Active 16 DOM
16. 2026-05-30
    days on market $60,000 Active 15 DOM
17. 2026-05-15
    listed $60,000 Active
18. 2020-08-20
    historical
19. 2020-06-29
    listed $39,500 Active
20. 2019-11-23
    historical
21. 2019-09-14
    price $32,900
22. 2019-09-10
    price $34,900
23. 2019-09-10
    status Active
24. 2019-08-01
    historical
25. 2019-07-25
    listed $29,500 Active
26. 2019-04-19
    status Pending
27. 2019-04-16
    historical
28. 2019-04-01
    listed $30,000 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,268
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$1,861
• − Management: −$1,861
• − HOA: −$9,900
• − Depreciation: −$1,745
• Taxable income: $3,339
• Est. tax owed @ 24.0%: −$801
• After-tax cash flow: $2,705/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 — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Saint Lucie County · 337,150 people
• City population: 221,051
• Metro: Port St. Lucie, FL
• Population (ZIP): 42,655
• Household income: $61,628
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 1759.0

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 0.57)
• Race & ethnicity: White 62% Hispanic / Latino 19% Two or more races 14% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Hispanic 1%
• Foreign-born: 18% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 16% French/Haitian/Cajun 3% Tagalog/Filipino 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: ▼ -155.80%
• Current HPI: 371.0573
• Rent YoY: ▲ 1.92%
• 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

+100.0% since first listed

12 events — show timeline

• 2026-05-15 Listed $60,000 Beaches MLS
• 2020-08-20 Listing Removed — Beaches MLS
• 2020-06-29 Listed $39,500 Beaches MLS
• 2019-11-23 Listing Removed — Beaches MLS
• 2019-09-14 Price Changed $32,900 Beaches MLS
• 2019-09-10 Price Changed $34,900 Beaches MLS
• 2019-09-10 Relisted — Beaches MLS
• 2019-08-01 Listing Removed — Beaches MLS
• 2019-07-25 Listed $29,500 Beaches MLS
• 2019-04-19 Pending — Beaches MLS
• 2019-04-16 Listing Removed — Beaches MLS
• 2019-04-01 Listed $30,000 Beaches MLS