14591 SW Divot Dr Unit A-20 · Indiantown, FL 34956

$45,900

2 bd · 2.0 ba · 1,790 sqft · Manufactured · 65 Days on market

Built 1989 5,227 sqft lot $26/sqft · 78% above area

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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
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This Delightful spacious remodeled home has a lot going for it. New Metal roof all new plank flooring through out home. Interior walls and base boards freshly painted. New door knobs, new remote control ceiling fans. Kitchen has new appliances and center island great for entertaining. Many cabinets and large pantry. Kitchen opens too dining and family room which has large bay window to look out and enjoy the lovely private back yard. large screen Florida room for that out door living. Super size living room area large enough living space for a game area or office as well. Guest bedroom features lots of room, and large closets. Guest bath has double vanities plus tub and shower combo and all new bathroom fixtures. Lovely large master suite with double doors into master bath with double vanities which have new fixtures and a private shower area. Call listing agent for more info 772-370-3177

Key facts

• New metal roof
• New appliances
• Large pantry

Tags

• NEW METAL ROOF
• NEW PLANK FLOORING
• NEW APPLIANCES
• CENTER ISLAND
• LARGE PANTRY
• LARGE BAY WINDOW

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $46k.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $46k).
• Recommended offer: $43k (6.0% below list) — sets the bar for market timing.
• Cap rate 46.2% 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 $3k of equity ($317 loan paydown + $3k 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 $13k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 9, 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 65 days — a 6% lower offer ($43k) is reasonable based on typical stale-listing flexibility.

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 $43,146 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% 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: 5.09% ✓
• Cap rate: 46.25%
• Cash-on-cash: 142.69%
• DSCR: 7.35
• GRM: 1.6

CMA / ARV

• ARV (median comp): $25,749
• List price: $45,900
• Delta: 78.26%
• Verdict: OVERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16448 SW Two Wood Way	0.35mi	3/2.0 (+1)	1,792 (+0%)	2mo	$30,000	$17	77
16112 SW Indianwood Cir	0.28mi	2/2.0	1,712 (-4%)	3mo	$32,500	$19	77
16537 SW Two Wood Way	0.38mi	3/2.0 (+1)	1,792 (+0%)	2mo	$53,700	$30	76
15957 Indianwood Circle Cir	0.07mi	2/2.0	1,568 (-12%)	6mo	$26,000	$17	71
16456 SW Three Wood Way	0.33mi	2/2.0	1,680 (-6%)	4mo	$29,000	$17	71
16227 SW Two Wood Way	0.14mi	2/2.0	1,600 (-11%)	7mo	$7,000	$4	70
16477 SW Two Wood Way Way SW	0.34mi	2/2.0	1,680 (-6%)	6mo	$28,000	$17	69
16151 SW Five Wood Way	0.21mi	2/2.0	1,680 (-6%)	14mo	$29,000	$17	68
16137 SW Indianwood Cir	0.33mi	2/2.0	1,690 (-6%)	14mo	$35,000	$21	63
16320 SW Indianwood Cir	0.32mi	2/2.0	1,624 (-9%)	8mo	$65,000	$40	63
16316 SW Indianwodd Cir	0.33mi	2/2.0	1,680 (-6%)	15mo	$39,000	$23	62
14467 SW Golf Club Dr	0.38mi	2/2.0	1,680 (-6%)	15mo	$20,000	$12	60

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: 9.75×
• Total profit: $112,419
• Equity at exit: $30,765

10-year hold

• IRR: —
• Equity multiple: 20.77×
• Total profit: $254,127
• Equity at exit: $57,518

Cash invested: $12,852 (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: 1.6×

Monthly cashflow live

• Estimated rent: $2,336 medium
• Mortgage (P&I): −$241
• Tax est. 1.5%: −$57 /mo · $688/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $1,528

Break-even live

Break-even rent $402

Max offer price $45,900

Occupancy floor 30%

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: $11,475
• Closing costs: $1,377
• 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	13d	1	0.36mi
15760 SW Hammock Way Indiantown, FL	3.0–4.0	2.0–3.5	1918	$2,420	$1.26	1d	41	0.97mi

Listing history 16 events

1. 2026-06-18
   days on market $45,900 Active 65 DOM
2. 2026-06-17
   days on market $45,900 Active 64 DOM
3. 2026-06-16
   days on market $45,900 Active 63 DOM
4. 2026-06-15
   days on market $45,900 Active 62 DOM
5. 2026-06-14
   days on market $45,900 Active 60 DOM
6. 2026-06-13
   days on market $45,900 Active 59 DOM
7. 2026-06-10
   days on market $45,900 Active 57 DOM
8. 2026-06-09
   days on market $45,900 Active 56 DOM
9. 2026-06-08
   days on market $45,900 Active 55 DOM
10. 2026-06-07
    days on market $45,900 Active 54 DOM
11. 2026-06-03
    days on market $45,900 Active 50 DOM
12. 2026-06-02
    days on market $45,900 Active 49 DOM
13. 2026-06-01
    days on market $45,900 Active 48 DOM
14. 2026-05-31
    days on market $45,900 Active 47 DOM
15. 2026-05-31
    days on market $45,900 Active 46 DOM
16. 2026-04-14
    listed $45,900 Active 902-char remark

    Show marketing remark (902 chars)

    This Delightful spacious remodeled home has a lot going for it. New Metal roof all new plank flooring through out home. Interior walls and base boards freshly painted. New door knobs, new remote control ceiling fans. Kitchen has new appliances and center island great for entertaining. Many cabinets and large pantry. Kitchen opens too dining and family room which has large bay window to look out and enjoy the lovely private back yard. large screen Florida room for that out door living. Super size living room area large enough living space for a game area or office as well. Guest bedroom features lots of room, and large closets. Guest bath has double vanities plus tub and shower combo and all new bathroom fixtures. Lovely large master suite with double doors into master bath with double vanities which have new fixtures and a private shower area. Call listing agent for more info 772-370-3177

ⓘ 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: $28,032
• − Mortgage interest: −$2,571
• − Property taxes: −$688
• − Insurance: −$230
• − Repairs & maintenance: −$2,243
• − Management: −$2,243
• − Depreciation: −$1,335
• Taxable income: $18,723
• Est. tax owed @ 24.0%: −$4,493
• After-tax cash flow: $13,846/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: 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

1 event — show timeline

• 2026-04-14 Listed $45,900 MCRTC