14119 Isla Flores Ave · Vero Beach South, FL 34951

$43,500

2 bd · 2.0 ba · 1,600 sqft · Manufactured · 149 Days on market

Built 1992 Est $59k · 27% under ↓ 27% 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
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Lovely and Immaculate 2-bedroom 2-bath home in the desirable Spanish Lakes 55+community. Home has beautiful landscaping! The home has a large living room and a family room. Open kitchen with island. Home is perfect for those looking to entertain or just wanting extra space. Wet bar off kitchen. Beautiful lanai with windows that can open to a screened-in area or stay closed. Perfect for morning coffee or evening cocktails. The home has a shed off the back for extra storage. Home has a very private and peaceful backyard. Roof is 2014, A/C 2014, Water Heater 2022. Plumbing and vapor barrier have been replaced. Washer and Dryer 2023. Lawn care and trash removal included in lot rent. 2 pools, te

Key facts

• Wet bar
• Beautiful lanai
• Private backyard

Tags

• LARGE LIVING ROOM
• FAMILY ROOM
• OPEN KITCHEN
• WET BAR
• BEAUTIFUL LANAI
• PRIVATE BACKYARD

Property features AI

Finance

• Other:
• Financial info: Pets allowed (pet restrictions possible)
• HOA & community: Association with community amenities including clubhouse, pool, fitness center, tennis courts, pickleball courts, bocce, shuffleboard, golf course, billiard room, library, community room, dog park, workshop area; Association fees include grounds maintenance, trash, and golf

Exterior

• Parking:
• Security:
• Utilities: Three-phase electric service; Public sewer; Water available; Sewer available; Cable available
• Home design: Manufactured home; Single-story; Resale property; Faces north
• Construction: Modular construction; Composition/shingle roof; Built as manufactured home (living area reported)
• Exterior features: Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Kitchen island; Roman tub; Unfurnished
• Laundry & utility: Laundry inside; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $44k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $44k).
• Recommended offer: $38k (12.0% below list) — sets the bar for market timing.
• Cap rate 44.7% vs local median 4.3% in Vero Beach South — 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 78/100 on livability (#163 in FL, #2,445 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: amenities 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.
• Market conditions: 292 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 41% of the median local income ($63k/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 $301 of loan paydown is wiped out by about $1k 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 $12k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (19%) 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 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. 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: 4.92% ✓
• Cap rate: 44.66%
• Cash-on-cash: 137.03%
• DSCR: 7.10
• GRM: 1.7

CMA / ARV

• ARV (on-the-fly): $59,200
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14400 Isla Flores	0.17mi	3/3.0 (+1)	1,482 (-7%)	3mo	$55,000	$37	68
14185 Zorzal Ave	0.11mi	2/2.0	1,485 (-7%)	19mo	$45,000	$30	67
6787 Yedra Ave	0.63mi	2/2.0	1,664 (+4%)	13mo	$80,595	$48	54

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: —
• Equity multiple: 7.70×
• Total profit: $81,570
• Equity at exit: $6,486

10-year hold

• IRR: —
• Equity multiple: 16.21×
• Total profit: $185,231
• Equity at exit: $3,761

Cash invested: $12,180 (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 34951

• Home prices YoY: -23.6%
• Active inventory: 292
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $2,141 medium
• Mortgage (P&I): −$228
• Tax est. 1.5%: −$54 /mo · $652/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $1,391

Break-even live

Break-even rent $381

Max offer price $43,500

Occupancy floor 30%

Sensitivity live

Price	-10% $1,421	-5% $1,406	+0% $1,391	+5% $1,376	+10% $1,361
Rent	-10% $1,222	-5% $1,306	+0% $1,391	+5% $1,475	+10% $1,560
Rate	-1.0pp $1,413	-0.5pp $1,402	base $1,391	+0.5pp $1,380	+1.0pp $1,368

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: $10,875
• Closing costs: $1,305
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6765 Spanish Lakes Blvd Fort Pierce, FL	2.0	2.0	1368	$2,500	$1.83	24d	1	0.58mi

Listing history 24 events

1. 2026-06-18
   days on market $43,500 Active 149 DOM
2. 2026-06-17
   days on market $43,500 Active 148 DOM
3. 2026-06-16
   days on market $43,500 Active 147 DOM
4. 2026-06-15
   days on market $43,500 Active 146 DOM
5. 2026-06-14
   days on market $43,500 Active 144 DOM
6. 2026-06-13
   days on market $43,500 Active 143 DOM
7. 2026-06-10
   days on market $43,500 Active 141 DOM
8. 2026-06-09
   days on market $43,500 Active 140 DOM
9. 2026-06-08
   days on market $43,500 Active 139 DOM
10. 2026-06-07
    days on market $43,500 Active 138 DOM
11. 2026-06-05
    days on market $43,500 Active 135 DOM
12. 2026-06-03
    days on market $43,500 Active 134 DOM
13. 2026-06-02
    days on market $43,500 Active 133 DOM
14. 2026-06-01
    days on market $43,500 Active 132 DOM
15. 2026-05-31
    days on market $43,500 Active 131 DOM
16. 2026-05-30
    days on market $43,500 Active 130 DOM
17. 2026-03-27
    price $43,500
18. 2026-02-19
    price $48,500
19. 2026-02-19
    status Active
20. 2026-02-10
    status Pending
21. 2026-02-04
    historical Active Under Contract
22. 2026-01-12
    listed $53,500 Active
23. 2025-12-01
    historical
24. 2025-05-29
    listed $59,999 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $25,694
• − Mortgage interest: −$2,437
• − Property taxes: −$652
• − Insurance: −$218
• − Repairs & maintenance: −$2,056
• − Management: −$2,056
• − Depreciation: −$1,265
• Taxable income: $17,011
• Est. tax owed @ 24.0%: −$4,083
• After-tax cash flow: $12,608/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 — Vero Beach South

• Score: 78/100
• State rank: #163
• US rank: #2445

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Lucie County · 337,150 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,148
• Household income: $63,122
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 140.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 3% Vietnamese 1%

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: ▼ -106.06%
• Current HPI: 343.1376
• 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

-27.5% since first listed

8 events — show timeline

• 2026-03-27 Price Changed $43,500 Beaches MLS
• 2026-02-19 Price Changed $48,500 Beaches MLS
• 2026-02-19 Relisted — Beaches MLS
• 2026-02-10 Pending — Beaches MLS
• 2026-02-04 Contingent — Beaches MLS
• 2026-01-12 Listed $53,500 Beaches MLS
• 2025-12-01 Listing Removed — Beaches MLS
• 2025-05-29 Listed $59,999 Beaches MLS