1610 N 42nd Cir #211 · Gifford, FL 32967

$265,000

3 bd · 2.0 ba · 1,329 sqft · Condo public records · 152 Days on market

Built 2001 $519/mo HOA · 19% of rent

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Why this score? — see what drove the D 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 +11.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

Key facts

• Metal roof
• Private garage
• 2023 hvac

Tags

• INSIDE UNIT WASHER AND DRYER
• PRIVATE GARAGE
• 2023 HVAC
• METAL ROOF
• 2023 REFRIGERATOR
• WOOD LAMINATE FLOORING

Property features AI

Finance

• Financial info: Unit is offered turnkey; Lease restrictions apply
• HOA & community: Monthly HOA fee of $519.86 (includes pool, building and grounds maintenance, recreational facilities); Association management: FirstService Residential; Association approval required; Community amenities: clubhouse, community mailbox, fitness center, pool, racquetball, sidewalks, tennis courts, deed restrictions; Pets allowed (max ~50 lbs)

Exterior

• Parking: 1-car garage
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Broadband/High-speed internet available; Water connected; Sewer connected
• Home design: Residential condominium; One-level living; Faces south; Located on 2nd floor (unit on floor 2)
• Construction: Block and stucco construction; Metal roof; Slab foundation; Built as part of building 1610
• Exterior features: Screened patio/porch; Balcony; Sidewalks; Sliding doors; Storage; Irrigation equipment; In-ground heated pool

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heat pump; Central air conditioning
• Interior features: Ceiling fans; Split-bedroom layout; Programmable thermostat; Vaulted ceilings; Walk-in closets; Window treatments (blinds, storm windows)
• Laundry & utility: Washer and dryer included; Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $-91 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (6.1% below list).
• Meets the 1% rule at list price ($3k rent vs $265k).
• Recommended offer: $233k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 3.0% in Gifford — 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 68/100 on livability (#538 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A; Watch: schools D+, amenities F, employment 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 soft (-1.2%/yr); 612 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 43% of the median local income ($78k/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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 152 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $40k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,200 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 152 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.05% ✓
• Cap rate: 5.88%
• Cash-on-cash: -1.48%
• DSCR: 0.93
• GRM: 7.9

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: -22.9%
• Equity multiple: 0.24×
• Total profit: $-56,614
• Equity at exit: $39,512

10-year hold

• IRR: -32.4%
• Equity multiple: -0.17×
• Total profit: $-87,084
• Equity at exit: $22,912

Cash invested: $74,200 (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 32967

• Home prices YoY: -24.4%
• Rents YoY: -1.2%
• Active inventory: 612
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,793 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$278 /mo · $3,342/yr
• Insurance: −$110
• HOA: −$519
• Vacancy / Maint / Mgmt: −$586
• Net cashflow: $-91

Break-even live

Break-even rent $2,908

Max offer price $248,865

Occupancy floor 98%

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1590 S 42nd Cir Vero Beach, FL	2.0–3.0	2.0	1234	$2,500	$2.03	21d	3	0.05mi
1638 Baseline Ln Vero Beach, FL	3.0	2.5	1766	$4,500	$2.55	21d	1	0.14mi
1550 S 42nd Cir Vero Beach, FL	2.0–3.0	2.0	1234	$2,300	$1.86	13d	3	0.15mi
1640 N 42nd Cir Vero Beach, FL	2.0	2.0	1127	$1,998	$1.77	21d	2	0.15mi
4350 Doubles Alley Dr #203 Vero Beach, FL	2.0	2.0	1168	$2,000	$1.71	13d	1	0.19mi
1349 Harper Way Vero Beach, FL	2.0	2.0	1322	$2,700	$2.04	21d	1	0.52mi
2010 Bridgepointe Cir Unit 102 Vero Beach, FL	3.0	3.0	1774	$5,000	$2.82	21d	1	0.57mi
2025 Bridgepointe Cir #118 Vero Beach, FL	3.0	2.5	1702	$3,450	$2.03	13d	1	0.59mi
3850 11th Dr Vero Beach, FL	1.0–3.0	1.0–2.0	1029	$2,749	$2.67	13d	57	0.60mi
4248 26th Ave Vero Beach, FL	3.0	2.0	1531	$2,200	$1.44	13d	1	0.65mi
3901 Coast View Pointe Unit C2 Vero Beach, FL	3.0	2.0	1576	$3,526	$2.24	13d	1	0.72mi
3901 Coast View Pointe Unit B2 Vero Beach, FL	2.0	2.0	1248	$2,700	$2.16	13d	1	0.72mi
5045 Fairways Cir Unit D101 Vero Beach, FL	3.0	2.0	1848	$2,200	$1.19	13d	1	1.00mi
5035 Fairways Cir Vero Beach, FL	1.0–2.0	1.0–2.0	1191	$2,400	$2.01	21d	5	1.02mi
5045 Harmony Cir #102 Vero Beach, FL	2.0	2.0	1368	$9,500	$6.94	13d	1	1.02mi
5075 Harmony Cir #103 Vero Beach, FL	2.0	2.0	1368	$2,500	$1.83	13d	1	1.02mi
5050 Fairways Cir Vero Beach, FL	2.0	2.0	1085	$1,750	$1.61	21d	2	1.07mi
5080 Harmony Cir #304 Vero Beach, FL	2.0	2.0	1368	$8,500	$6.21	13d	1	1.09mi
5020 Fairways Cir Vero Beach, FL	2.0	2.0	1345	$2,125	$1.58	21d	2	1.12mi
5095 Fairways Cir Vero Beach, FL	2.0–3.0	2.0	1092	$2,500	$2.29	13d	3	1.14mi
5095 Fairways Cir Vero Beach, FL	3.0	2.0	1190	$2,450	$2.06	21d	2	1.14mi
1345 Saint Davids Ln Vero Beach, FL	2.0	2.5	1581	$4,000	$2.53	21d	1	1.18mi
5225 E Harbor Village Dr #303 Vero Beach, FL	3.0	2.0	1582	$13,000	$8.22	21d	1	1.36mi

HOA detail condo

• Monthly dues: $519 · $6,228/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-06-19
   days on market $265,000 Active 152 DOM
2. 2026-06-18
   days on market $265,000 Active 151 DOM
3. 2026-06-17
   days on market $265,000 Active 150 DOM
4. 2026-06-16
   days on market $265,000 Active 149 DOM
5. 2026-06-15
   days on market $265,000 Active 148 DOM
6. 2026-06-14
   days on market $265,000 Active 146 DOM
7. 2026-06-13
   days on market $265,000 Active 145 DOM
8. 2026-06-10
   days on market $265,000 Active 143 DOM
9. 2026-06-09
   days on market $265,000 Active 142 DOM
10. 2026-06-08
    days on market $265,000 Active 141 DOM
11. 2026-06-07
    days on market $265,000 Active 140 DOM
12. 2026-06-05
    days on market $265,000 Active 137 DOM
13. 2026-06-03
    price $265,000 Active 135 DOM
14. 2026-06-02
    days on market $269,900 Active 135 DOM
15. 2026-06-01
    days on market $269,900 Active 134 DOM
16. 2026-05-31
    days on market $269,900 Active 133 DOM
17. 2026-05-30
    days on market $269,900 Active 132 DOM
18. 2026-03-14
    price $269,900
19. 2026-02-18
    price $275,000
20. 2026-01-18
    listed $305,000 Active
21. 2024-09-07
    historical $2,500
22. 2024-03-08
    listed $2,500
23. 2024-03-08
    historical $2,500
24. 2024-03-07
    listed $2,500
25. 2023-02-16
    soldstatus $265,000
26. 2023-02-13
    soldstatus $265,000 Closed 382-char remark

    Show marketing remark (382 chars)

    Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

27. 2023-01-30
    historical Active Under Contract 382-char remark

    Show marketing remark (382 chars)

    Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

28. 2023-01-27
    price $275,000 382-char remark

    Show marketing remark (382 chars)

    Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

29. 2023-01-19
    listed $290,000 Active 382-char remark

    Show marketing remark (382 chars)

    Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

30. 2023-01-17
    historical $290,000 382-char remark

    Show marketing remark (382 chars)

    Location, Location, Location! 3Bed//2Bath 2nd floor condo with soaring ceilings. Impact windows and doors, wood laminate flooring throughout, new refrigerator, beautifully maintained split floor plan furnished condo. Fabulous clubhouse, pool, tennis, squash, and so much more. .. .Close to beaches, shopping and medical. Garage available for $25,000. Sizes are approx/subj to error.

31. 2019-12-27
    soldstatus $153,000
32. 2019-12-23
    soldstatus $153,000 Sold 329-char remark

    Show marketing remark (329 chars)

    Come see this very well maintained 3/2/2 condo in the very desirable community of Laguna. This home has cathedrals ceilings as well as laminate and tile flooring throughout, and newer appliances are just a few of the features. Enjoy all of the amenities that include the community pool, tennis courts, gym, and racquetball court.

33. 2019-11-08
    historical Contingent 329-char remark

    Show marketing remark (329 chars)

    Come see this very well maintained 3/2/2 condo in the very desirable community of Laguna. This home has cathedrals ceilings as well as laminate and tile flooring throughout, and newer appliances are just a few of the features. Enjoy all of the amenities that include the community pool, tennis courts, gym, and racquetball court.

34. 2019-10-21
    listed $170,000 Active 329-char remark

    Show marketing remark (329 chars)

    Come see this very well maintained 3/2/2 condo in the very desirable community of Laguna. This home has cathedrals ceilings as well as laminate and tile flooring throughout, and newer appliances are just a few of the features. Enjoy all of the amenities that include the community pool, tennis courts, gym, and racquetball court.

35. 2016-03-31
    soldstatus $137,000
36. 2016-03-24
    soldstatus $137,000
37. 2013-08-26
    soldstatus $90,000
38. 2013-08-14
    soldstatus $90,000

ⓘ 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: $3,342 · $278/mo
• Projected year-2 tax: $3,342 · $278/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 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: $33,512
• − Mortgage interest: −$14,844
• − Property taxes: −$3,342
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,681
• − Management: −$2,681
• − HOA: −$6,228
• − Depreciation: −$7,709
• Taxable loss: −$5,297
• Est. tax savings @ 24.0%: +$1,271
• After-tax cash flow: $175/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 — Gifford

• Score: 68/100
• State rank: #538
• US rank: #10083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 27,240
• Household income: $78,058
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 674.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 17% Two or more races 16% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Salvadoran 2%
• Common ancestry: Romanian 3% Hispanic 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 3% Russian/Polish/Slavic 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: ▼ -91.34%
• Current HPI: 282.6156
• Rent YoY: ▼ -1.16%
• 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

+199.9% since first listed

21 events — show timeline

• 2026-03-14 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-18 Listed $305,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-07 Rental Removed $2,500 STELLARMLS
• 2024-03-08 Listed for Rent $2,500 STELLARMLS
• 2024-03-08 Rental Removed $2,500 RAIRCMLS
• 2024-03-07 Listed for Rent $2,500 RAIRCMLS
• 2023-02-16 Sold (Public Records) $265,000 Public Records
• 2023-02-13 Sold (MLS) $265,000 RAIRCMLS
• 2023-01-30 Contingent — RAIRCMLS
• 2023-01-27 Price Changed $275,000 RAIRCMLS
• 2023-01-19 Listed $290,000 RAIRCMLS
• 2023-01-17 Coming Soon $290,000 RAIRCMLS
• 2019-12-27 Sold (Public Records) $153,000 Public Records
• 2019-12-23 Sold (MLS) $153,000 RAIRCMLS
• 2019-11-08 Contingent — RAIRCMLS
• 2019-10-21 Listed $170,000 RAIRCMLS
• 2016-03-31 Sold (Public Records) $137,000 Public Records
• 2016-03-24 Sold (MLS) $137,000 RAIRCMLS
• 2013-08-26 Sold (Public Records) $90,000 Public Records
• 2013-08-14 Sold (MLS) $90,000 RAIRCMLS

Property tax history

+16.0%/yr

Latest (2025): $3,342 · +0.3% YoY. Source: county tax records.