1375 26th Ave SW · Florida Ridge, FL 32962

$151,000

2 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 44 Days on market

Built 1959 4,792 sqft lot Est $235k · 36% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 1-bath home with major updates and great outdoor living. Features include a 2010 metal roof, newer HVAC system, and updated plumbing for added peace of mind. Tile floors run throughout, complemented by mature landscaping and a fully fenced yard. French doors open to a spacious patio--perfect for entertaining or relaxing outdoors. Convenient U-shaped driveway provides easy access and ample parking. Located near local restaurants and just a reasonable drive to both the beach and river. A solid property offering comfort and functionality, Text me for the offer process.

Key facts

• Metal roof
• Tile floors
• Mature landscaping

Tags

• METAL ROOF
• NEWER HVAC SYSTEM
• UPDATED PLUMBING
• TILE FLOORS
• MATURE LANDSCAPING
• FULLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $151k.

Deal economics

• At list price, monthly cash flow is $609 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $151k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 4.5% in Florida Ridge — 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 72/100 on livability (#353 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, employment D, amenities F.
• 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.
• Market conditions: Rents rising fast (+4.2%/yr); 348 active listings in the ZIP; 6 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).
• This rent runs 39% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $5k 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 + 4.2% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 17y 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: built in 1959 — 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 $146,470 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.44% ✓
• Cap rate: 11.13%
• Cash-on-cash: 17.28%
• DSCR: 1.77
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $235,172
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1375 26th Ave SW	0.00mi	2/1.0	1,036 (0%)	0mo	$153,000	$148	100
1395 25th Ave Ave SW	0.10mi	2/2.0	1,051 (+1%)	2mo	$239,000	$227	88
1336 26th Ave SW	0.05mi	2/1.0	1,158 (+12%)	5mo	$235,000	$203	74
1340 18th Ave SW	0.54mi	2/2.0	951 (-8%)	2mo	$249,900	$263	56
1635 22nd Ave SW	0.42mi	3/2.0 (+1)	1,141 (+10%)	4mo	$315,000	$276	52
1255 18th Ave SW	0.52mi	3/1.0 (+1)	1,152 (+11%)	1mo	$229,000	$199	51
1150 19th Ave SW	0.55mi	3/2.0 (+1)	1,128 (+9%)	4mo	$264,900	$235	47
1365 19th Ave SW	0.46mi	3/2.0 (+1)	1,170 (+13%)	4mo	$299,000	$256	45
3409 12th St SW	0.58mi	3/2.0 (+1)	1,132 (+9%)	6mo	$325,000	$287	43
1606 20th Ave SW	0.53mi	3/2.0 (+1)	1,176 (+14%)	2mo	$214,900	$183	42
1221 18th Ave SW	0.53mi	3/2.0 (+1)	1,176 (+14%)	4mo	$195,000	$166	40
1550 17th Ct SW	0.63mi	3/2.0 (+1)	1,152 (+11%)	5mo	$240,000	$208	39

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 · 4.18% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.40×
• Total profit: $16,990
• Equity at exit: $22,515

10-year hold

• IRR: 20.2%
• Equity multiple: 2.80×
• Total profit: $75,980
• Equity at exit: $13,056

Cash invested: $42,280 (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 32962

• Rents YoY: 4.2%
• Active inventory: 348
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,171 high
• Mortgage (P&I): −$792
• Tax from tax record: −$252 /mo · $3,018/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $609

Break-even live

Break-even rent $1,400

Max offer price $151,000

Occupancy floor 67%

Sensitivity live

Price	-10% $694	-5% $652	+0% $609	+5% $566	+10% $523
Rent	-10% $437	-5% $523	+0% $609	+5% $695	+10% $780
Rate	-1.0pp $685	-0.5pp $647	base $609	+0.5pp $570	+1.0pp $530

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: $37,750
• Closing costs: $4,530
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2565 Langrove Ln SW Vero Beach, FL	3.0	2.0	1464	$2,000	$1.37	21d	1	0.66mi
2619 Langrove Ln SW Unit 2619 Vero Beach, FL	3.0	2.0	1464	$2,450	$1.67	21d	1	0.69mi
826 Middleton Dr SW Vero Beach, FL	3.0	2.0	1464	$2,150	$1.47	21d	1	0.72mi
1123 37th Ave SW Unit 1541760P Vero Beach, FL	3.0	2.0	1248	$3,075	$2.46	14d	1	0.80mi
2543 Stockbridge Sq SW Vero Beach, FL	3.0	2.0	1464	$2,200	$1.50	14d	1	0.80mi
248 27th Ave SW Vero Beach, FL	3.0	2.0	836	$1,700	$2.03	21d	1	1.47mi

Listing history 18 events

1. 2026-04-02
   status Pending 592-char remark

   Show marketing remark (592 chars)

   Charming 3-bedroom, 1-bath home with major updates and great outdoor living. Features include a 2010 metal roof, newer HVAC system, and updated plumbing for added peace of mind. Tile floors run throughout, complemented by mature landscaping and a fully fenced yard. French doors open to a spacious patio--perfect for entertaining or relaxing outdoors. Convenient U-shaped driveway provides easy access and ample parking. Located near local restaurants and just a reasonable drive to both the beach and river. A solid property offering comfort and functionality, Text me for the offer process.

2. 2026-04-02
   status Pending

   Show marketing remark (592 chars)

   Charming 3-bedroom, 1-bath home with major updates and great outdoor living. Features include a 2010 metal roof, newer HVAC system, and updated plumbing for added peace of mind. Tile floors run throughout, complemented by mature landscaping and a fully fenced yard. French doors open to a spacious patio--perfect for entertaining or relaxing outdoors. Convenient U-shaped driveway provides easy access and ample parking. Located near local restaurants and just a reasonable drive to both the beach and river. A solid property offering comfort and functionality, Text me for the offer process.

3. 2026-02-16
   listed $151,000 Active
4. 2024-01-25
   soldstatus $223,500 Closed 370-char remark

   Show marketing remark (370 chars)

   Starter home in Vero Beach, Fl with 3BR/1BA, NO HOA with a brand new AC, 2010 metal roof, tile throughout, and a fully fenced backyard for ultimate privacy. Washer & Dryer is included & the entire house has been expertly repiped. Enjoy nearby restaurants & beach living with less than 5 miles to the coast. Your perfect entry into homeownership awaits!

5. 2024-01-18
   soldstatus $223,500 Closed
6. 2023-12-22
   status Pending

   Show marketing remark (370 chars)

   Starter home in Vero Beach, Fl with 3BR/1BA, NO HOA with a brand new AC, 2010 metal roof, tile throughout, and a fully fenced backyard for ultimate privacy. Washer & Dryer is included & the entire house has been expertly repiped. Enjoy nearby restaurants & beach living with less than 5 miles to the coast. Your perfect entry into homeownership awaits!

7. 2023-12-22
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Starter home in Vero Beach, Fl with 3BR/1BA, NO HOA with a brand new AC, 2010 metal roof, tile throughout, and a fully fenced backyard for ultimate privacy. Washer & Dryer is included & the entire house has been expertly repiped. Enjoy nearby restaurants & beach living with less than 5 miles to the coast. Your perfect entry into homeownership awaits!

8. 2023-12-11
   listed $225,000 Active
9. 2023-12-05
   listed $225,000 Active 370-char remark

   Show marketing remark (370 chars)

   Starter home in Vero Beach, Fl with 3BR/1BA, NO HOA with a brand new AC, 2010 metal roof, tile throughout, and a fully fenced backyard for ultimate privacy. Washer & Dryer is included & the entire house has been expertly repiped. Enjoy nearby restaurants & beach living with less than 5 miles to the coast. Your perfect entry into homeownership awaits!

10. 2016-03-17
    listed $151,000 Active 592-char remark

    Show marketing remark (592 chars)

    Charming 3-bedroom, 1-bath home with major updates and great outdoor living. Features include a 2010 metal roof, newer HVAC system, and updated plumbing for added peace of mind. Tile floors run throughout, complemented by mature landscaping and a fully fenced yard. French doors open to a spacious patio--perfect for entertaining or relaxing outdoors. Convenient U-shaped driveway provides easy access and ample parking. Located near local restaurants and just a reasonable drive to both the beach and river. A solid property offering comfort and functionality, Text me for the offer process.

11. 2014-05-26
    historical
12. 2013-09-21
    historical
13. 2009-10-09
    listed $75,000
14. 2009-03-23
    listed $69,900
15. 2006-10-04
    soldstatus $135,000
16. 2006-08-08
    soldstatus $82,000
17. 1998-09-17
    soldstatus $43,000
18. 1998-03-18
    soldstatus $35,000

ⓘ 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: $3,018 · $252/mo
• Projected year-2 tax: $3,018 · $252/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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,053
• − Mortgage interest: −$8,458
• − Property taxes: −$3,018
• − Insurance: −$755
• − Repairs & maintenance: −$2,084
• − Management: −$2,084
• − Depreciation: −$4,393
• Taxable income: $5,260
• Est. tax owed @ 24.0%: −$1,262
• After-tax cash flow: $6,044/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 — Florida Ridge

• Score: 72/100
• State rank: #353
• US rank: #6129

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florida Ridge, FL
• County: Indian River County · 143,738 people
• City population: 25,629
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 25,522
• Household income: $66,664
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 425.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 12% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 4% Italian 3%
• Foreign-born: 12% · Canada, Jamaica, Dominican Republic
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -182.13%
• Current HPI: 333.3274
• Rent YoY: ▲ 4.18%
• 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

+331.4% since first listed

18 events — show timeline

• 2026-04-02 Pending — RAIRCMLS
• 2026-04-02 Pending — Beaches MLS
• 2026-02-16 Listed $151,000 Beaches MLS
• 2024-01-25 Sold (MLS) $223,500 SCMLS
• 2024-01-18 Sold (MLS) $223,500 Beaches MLS
• 2023-12-22 Pending — Beaches MLS
• 2023-12-22 Pending — SCMLS
• 2023-12-11 Listed $225,000 Beaches MLS
• 2023-12-05 Listed $225,000 SCMLS
• 2016-03-17 Listed $151,000 RAIRCMLS
• 2014-05-26 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2009-10-09 Listed $75,000 Beaches MLS
• 2009-03-23 Listed $69,900 Beaches MLS
• 2006-10-04 Sold (Public Records) $135,000 Public Records
• 2006-08-08 Sold (Public Records) $82,000 Public Records
• 1998-09-17 Sold (Public Records) $43,000 Public Records
• 1998-03-18 Sold (Public Records) $35,000 Public Records

Property tax history

+15.1%/yr

Latest (2025): $3,018 · +75.5% YoY. Source: county tax records.