7907 Lockwood Dr · Lakewood Park, FL 34951

$220,000

3 bd · 2.0 ba · 1,082 sqft · SingleFamily public records · 29 Days on market

Built 1959 0.26 ac lot Est $242k · 9% under

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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 +23.2/30.0
• ARV discount +11.7/15.0
• DSCR +7.5/10.0
• 1% rule +6.6/10.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3-bedroom, 2-bath home with a sparkling private pool, situated on an oversized lot in Lakewood Park. This inviting property features an open and airy layout with vinyl plank flooring, abundant natural light, and spacious living areas perfect for entertaining or everyday living. Step outside to your own backyard oasis with a screened pool patio and plenty of yard space for relaxing, pets, or outdoor gatherings. Conveniently located near schools, shopping, dining, beaches, and major highways, this move-in ready home offers the perfect blend of comfort and Florida lifestyle. A must-see opportunity!

Key facts

• Near schools
• Private pool
• Near shopping

Tags

• PRIVATE POOL
• OVERSIZED LOT
• BACKYARD OASIS
• SCREENED POOL PATIO
• NEAR SCHOOLS
• NEAR SHOPPING

Property features AI

Exterior

• Parking: Total parking for 4 vehicles; Attached carport (1 covered/carport space); Driveway
• Utilities: Well water; Septic tank; Cable available; Electricity available
• Home design: Single-family residence; One story; Resale property; Faces north
• Construction: Built with block/ stucco / CBS construction; Shingle roof; Building area listed from public records
• Exterior features: Screened patio; Patio; Oversized lot; Paved road frontage; Not waterfront; Private concrete pool

Interior

• Kitchen: Dishwasher
• Bedrooms: Three bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No special interior features listed
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 5.7% in Lakewood Park — 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 63/100 on livability (#719 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute 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; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• At $2,546/mo this rent would consume 48% of the median local household income ($63k/yr) (locally 140% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $216,700 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.16% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.77%
• DSCR: 1.35
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $242,368
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7907 Lakeside Way	0.12mi	2/2.0 (-1)	1,172 (+8%)	10mo	$300,000	$256	67
8008 Eden Rd	0.11mi	3/1.0	1,204 (+11%)	19mo	$270,000	$224	56
7902 Holopaw Ave	0.73mi	2/2.0 (-1)	1,008 (-7%)	6mo	$210,000	$208	45
7502 Pacific Ave	0.67mi	2/1.0 (-1)	1,006 (-7%)	7mo	$213,000	$212	42

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: -4.4%
• Equity multiple: 0.84×
• Total profit: $-10,144
• Equity at exit: $32,803

10-year hold

• IRR: 5.3%
• Equity multiple: 1.39×
• Total profit: $24,272
• Equity at exit: $19,022

Cash invested: $61,600 (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: 7.2×

Monthly cashflow live

• Estimated rent: $2,546 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$367 /mo · $4,402/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $399

Break-even live

Break-even rent $2,041

Max offer price $220,000

Occupancy floor 79%

Sensitivity live

Price	-10% $524	-5% $461	+0% $399	+5% $337	+10% $274
Rent	-10% $198	-5% $298	+0% $399	+5% $500	+10% $600
Rate	-1.0pp $510	-0.5pp $455	base $399	+0.5pp $342	+1.0pp $284

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5154 Armina Pl Fort Pierce, FL	3.0	2.0	1477	$2,350	$1.59	14d	1	0.40mi
5234 Oakland Lake Cir Fort Pierce, FL	3.0	2.0	1460	$2,300	$1.58	14d	1	0.41mi
5082 Armina Pl Fort Pierce, FL	3.0	2.0	1464	$3,000	$2.05	24d	1	0.45mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	21d	1	0.82mi
6602 Palomar Pkwy Unit A Fort Pierce, FL	3.0	1.0	1200	$2,000	$1.67	24d	1	0.88mi
6906 Ocala Ave Fort Pierce, FL	3.0	2.0	1175	$1,955	$1.66	14d	1	1.15mi
7500 Pensacola Rd Fort Pierce, FL	3.0	2.0	1125	$2,150	$1.91	14d	1	1.25mi

Listing history 18 events

1. 2026-06-18
   days on market $220,000 Active 29 DOM
2. 2026-06-17
   days on market $220,000 Active 28 DOM
3. 2026-06-16
   days on market $220,000 Active 27 DOM
4. 2026-06-15
   days on market $220,000 Active 26 DOM
5. 2026-06-14
   days on market $220,000 Active 24 DOM
6. 2026-06-13
   days on market $220,000 Active 23 DOM
7. 2026-06-10
   days on market $220,000 Active 21 DOM
8. 2026-06-09
   days on market $220,000 Active 20 DOM
9. 2026-06-08
   days on market $220,000 Active 19 DOM
10. 2026-06-07
    days on market $220,000 Active 18 DOM
11. 2026-06-05
    days on market $220,000 Active 15 DOM
12. 2026-06-03
    days on market $220,000 Active 14 DOM
13. 2026-06-02
    days on market $220,000 Active 13 DOM
14. 2026-06-01
    days on market $220,000 Active 12 DOM
15. 2026-05-31
    days on market $220,000 Active 11 DOM
16. 2026-05-30
    days on market $220,000 Active 10 DOM
17. 2026-05-20
    listed $220,000 Active

    Show marketing remark (603 chars)

    3-bedroom, 2-bath home with a sparkling private pool, situated on an oversized lot in Lakewood Park. This inviting property features an open and airy layout with vinyl plank flooring, abundant natural light, and spacious living areas perfect for entertaining or everyday living. Step outside to your own backyard oasis with a screened pool patio and plenty of yard space for relaxing, pets, or outdoor gatherings. Conveniently located near schools, shopping, dining, beaches, and major highways, this move-in ready home offers the perfect blend of comfort and Florida lifestyle. A must-see opportunity!

18. 2026-05-20
    listed $220,000 Active 603-char remark

    Show marketing remark (603 chars)

    3-bedroom, 2-bath home with a sparkling private pool, situated on an oversized lot in Lakewood Park. This inviting property features an open and airy layout with vinyl plank flooring, abundant natural light, and spacious living areas perfect for entertaining or everyday living. Step outside to your own backyard oasis with a screened pool patio and plenty of yard space for relaxing, pets, or outdoor gatherings. Conveniently located near schools, shopping, dining, beaches, and major highways, this move-in ready home offers the perfect blend of comfort and Florida lifestyle. A must-see opportunity!

ⓘ 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: $4,402 · $367/mo
• Projected year-2 tax: $4,402 · $367/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $30,549
• − Mortgage interest: −$12,323
• − Property taxes: −$4,402
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,444
• − Management: −$2,444
• − Depreciation: −$6,400
• Taxable income: $1,436
• Est. tax owed @ 24.0%: −$345
• After-tax cash flow: $4,443/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 — Lakewood Park

• Score: 63/100
• State rank: #719
• US rank: #15407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakewood Park, FL
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-20 Listed $220,000 SCMLS
• 2026-05-20 Listed $220,000 Beaches MLS

Property tax history

+21.5%/yr

Latest (2025): $4,402 · +8.6% YoY. Source: county tax records.