6901 Salerno Rd · Lakewood Park, FL 34951

$305,000

3 bd · 2.0 ba · 1,998 sqft · SingleFamily public records · 58 Days on market

Built 1980 0.26 ac lot Est $432k · 29% under · waterfront

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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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.6/10.0
• Schools +3.7/10.0
• 1% rule +3.4/10.0
• 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

Spacious Lakefront CBS home on slightly oversized corner lot. Newer flooring and interior paint, fireplace and large enclosed porch with wide views of lake.

Key facts

• 0.26 acre lot
• 2 garage spots
• Built 1980

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Attached 2-car garage; Total 4 parking spaces (2 covered)
• Utilities: Well water; Septic tank; Generator for electric service; Water available
• Home design: Single-family residence; One-story; North-facing; Resale property
• Construction: CBS construction; Metal roof; Block foundation; Built area reported by appraiser
• Exterior features: Covered patio; Patio; Oversized lot; Publicly maintained asphalt road; Waterfront property (no waterfront features listed)

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: Three total bathrooms (2 full, 1 half)
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Stacked bedroom layout; Decorative fireplace; Blinds and double-pane windows

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $305k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $256k (16.2% below list).
• Recommended offer: $256k (16.2% below list) — sets the bar for 1% rule.

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: amenities F, commute F, health & safety D-.
• 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.
• Zoned schools: Manatee Academy K-8 (math 53% / reading 51%, grade C-, #990 of 2,144 statewide, top 48%, 1,664 students, 65% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL).
• Market conditions: 296 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $2,556/mo this rent would consume 49% 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 $9k 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 58 days — a 3% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago; this cycle's ask is 9% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $125k; list at $305k implies a 144% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $255,635 (16.2% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
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. 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?
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 0.84% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $431,568
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7508 Pensacola Rd	0.41mi	3/2.0	1,892 (-5%)	7mo	$280,000	$148	66
37 Lagos Del Norte	0.65mi	3/2.0	1,839 (-8%)	6mo	$305,000	$166	52
7803 Citrus Park Blvd	0.58mi	3/2.0	1,808 (-10%)	12mo	$344,990	$191	47
39 Villa Blanca	0.69mi	2/2.5 (-1)	1,840 (-8%)	1mo	$180,000	$98	47
7606 Donlon Rd. Rd	0.60mi	4/1.5 (+1)	1,928 (-4%)	20mo	$309,000	$160	42
5817 Spanish River Rd	0.62mi	3/2.0	1,766 (-12%)	16mo	$325,000	$184	39
44 Ecuador Way	0.70mi	3/2.0	1,767 (-12%)	15mo	$225,000	$127	35

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-43,726
• Equity at exit: $45,476

10-year hold

• IRR: -5.6%
• Equity multiple: 0.64×
• Total profit: $-30,937
• Equity at exit: $26,371

Cash invested: $85,400 (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: 296
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,556 high
• Mortgage (P&I): −$1,599
• Tax from tax record: −$202 /mo · $2,429/yr
• Insurance: −$127
• HOA: −$0
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $91

Break-even live

Break-even rent $2,442

Max offer price $305,000

Occupancy floor 91%

Sensitivity live

Price	-10% $263	-5% $177	+0% $91	+5% $4	+10% $-82
Rent	-10% $-111	-5% $-10	+0% $91	+5% $192	+10% $293
Rate	-1.0pp $244	-0.5pp $168	base $91	+0.5pp $12	+1.0pp $-69

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: $76,250
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7503 Paso Robles Blvd Fort Pierce, FL	3.0	2.0	1260	$2,000	$1.59	25d	1	0.47mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	23d	1	0.60mi
2450 8th Ave SW Vero Beach, FL	3.0	2.0	1388	$2,100	$1.51	23d	1	0.73mi
7704 Pacific Ave Fort Pierce, FL	3.0	2.0	1719	$2,500	$1.45	15d	1	0.85mi
5642 Sunberry Cir Fort Pierce, FL	3.0	2.0	1377	$1,950	$1.42	25d	1	0.95mi
5510 Shannon Dr Fort Pierce, FL	3.0	2.0	1594	$2,350	$1.47	15d	1	0.98mi
2320 Water Oaks Ln Unit 111 Vero Beach, FL	3.0	2.0	1811	$3,500	$1.93	23d	1	1.22mi
5234 Oakland Lake Cir Fort Pierce, FL	3.0	2.0	1460	$2,300	$1.58	15d	1	1.41mi
8758 Waterstone Blvd Fort Pierce, FL	4.0	3.0	2508	$2,900	$1.16	25d	1	1.42mi
8729 Waterstone Blvd Fort Pierce, FL	4.0	3.0	2503	$3,000	$1.20	25d	1	1.42mi
8517 Waterstone Blvd Fort Pierce, FL	4.0	3.0	2528	$3,000	$1.19	23d	1	1.43mi

Listing history 30 events

1. 2026-06-21
   days on market $305,000 Active 58 DOM
2. 2026-06-18
   days on market $305,000 Active 55 DOM
3. 2026-06-17
   days on market $305,000 Active 54 DOM
4. 2026-06-16
   days on market $305,000 Active 53 DOM
5. 2026-06-15
   days on market $305,000 Active 52 DOM
6. 2026-06-14
   days on market $305,000 Active 50 DOM
7. 2026-06-13
   days on market $305,000 Active 49 DOM
8. 2026-06-10
   days on market $305,000 Active 47 DOM
9. 2026-06-09
   days on market $305,000 Active 46 DOM
10. 2026-06-08
    days on market $305,000 Active 45 DOM
11. 2026-06-07
    days on market $305,000 Active 44 DOM
12. 2026-06-05
    days on market $305,000 Active 41 DOM
13. 2026-06-03
    days on market $305,000 Active 40 DOM
14. 2026-06-02
    days on market $305,000 Active 39 DOM
15. 2026-06-01
    days on market $305,000 Active 38 DOM
16. 2026-05-31
    days on market $305,000 Active 37 DOM
17. 2026-05-30
    days on market $305,000 Active 36 DOM
18. 2026-05-22
    status Active
19. 2026-05-22
    price $305,000
20. 2026-04-30
    historical Active Under Contract
21. 2026-04-24
    listed $280,000 Active
22. 2015-03-30
    soldstatus $125,000
23. 2015-03-20
    soldstatus $125,000 Closed 156-char remark

    Show marketing remark (156 chars)

    Spacious Lakefront CBS home on slightly oversized corner lot. Newer flooring and interior paint, fireplace and large enclosed porch with wide views of lake.

24. 2014-12-19
    listed $125,000 Active Under Contract 156-char remark

    Show marketing remark (156 chars)

    Spacious Lakefront CBS home on slightly oversized corner lot. Newer flooring and interior paint, fireplace and large enclosed porch with wide views of lake.

25. 2004-11-16
    soldstatus $173,000
26. 2004-10-25
    soldstatus $173,000 306-char remark

    Show marketing remark (306 chars)

    ONE OWNER HOME IN LAKEWOOD PARK, CBS CONSTRUCTION ON LARGE CORNER LOT WITH BEAUTIFUL LANDSCAPING, ROOMS ARE ALL OVERSIZED AND HOME IS LARGE WITH OPEN AREAS, TILE AND CARPET, AC & ROOF NEW, FIREPLACE, R/O WATER STORAGE EVERYWHERE, STONE FRONT AND FIREPLACE, BIG FAMILY? THIS ONE WILL WORK, COME SEE!!!

27. 2004-08-19
    historical 306-char remark

    Show marketing remark (306 chars)

    ONE OWNER HOME IN LAKEWOOD PARK, CBS CONSTRUCTION ON LARGE CORNER LOT WITH BEAUTIFUL LANDSCAPING, ROOMS ARE ALL OVERSIZED AND HOME IS LARGE WITH OPEN AREAS, TILE AND CARPET, AC & ROOF NEW, FIREPLACE, R/O WATER STORAGE EVERYWHERE, STONE FRONT AND FIREPLACE, BIG FAMILY? THIS ONE WILL WORK, COME SEE!!!

28. 2004-07-28
    listed $189,900 306-char remark

    Show marketing remark (306 chars)

    ONE OWNER HOME IN LAKEWOOD PARK, CBS CONSTRUCTION ON LARGE CORNER LOT WITH BEAUTIFUL LANDSCAPING, ROOMS ARE ALL OVERSIZED AND HOME IS LARGE WITH OPEN AREAS, TILE AND CARPET, AC & ROOF NEW, FIREPLACE, R/O WATER STORAGE EVERYWHERE, STONE FRONT AND FIREPLACE, BIG FAMILY? THIS ONE WILL WORK, COME SEE!!!

29. 2004-07-26
    historical
30. 2004-05-20
    listed $184,500

ⓘ 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: $2,429 · $202/mo
• Projected year-2 tax: $2,532 · $211/mo
• Expected delta: +$103/yr (+$9/mo · 4.2%)

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $30,676
• − Mortgage interest: −$17,085
• − Property taxes: −$2,429
• − Insurance: −$1,525
• − Repairs & maintenance: −$2,454
• − Management: −$2,454
• − Depreciation: −$8,873
• Taxable loss: −$4,143
• Est. tax savings @ 24.0%: +$994
• After-tax cash flow: $2,081/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

+65.3% since first listed

13 events — show timeline

• 2026-05-22 Relisted — Beaches MLS
• 2026-05-22 Price Changed $305,000 Beaches MLS
• 2026-04-30 Contingent — Beaches MLS
• 2026-04-24 Listed $280,000 Beaches MLS
• 2015-03-30 Sold (Public Records) $125,000 Public Records
• 2015-03-20 Sold (MLS) $125,000 Beaches MLS
• 2014-12-19 Listed $125,000 Beaches MLS
• 2004-11-16 Sold (Public Records) $173,000 Public Records
• 2004-10-25 Sold (MLS) $173,000 Beaches MLS
• 2004-08-19 Listing Removed — Beaches MLS
• 2004-07-28 Listed $189,900 Beaches MLS
• 2004-07-26 Listing Removed — Beaches MLS
• 2004-05-20 Listed $184,500 Beaches MLS

Property tax history

+2.2%/yr

Latest (2025): $2,429 · +7.0% YoY. Source: county tax records.