7897 SE Swan Ave · Hobe Sound, FL 33455

$194,000

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 99 Days on market

Built 1975 5,662 sqft lot $289/sqft · 37% above area Est $142k · 37% over

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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 +21.6/30.0
• DSCR +6.9/10.0
• 1% rule +5.3/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 2-bedroom, 1.5-bath home offers over 1,000 SF including an enclosed Florida room, providing flexible living and entertaining space. Fully remodeled and move-in ready! Enjoy peace of mind with brand-new appliances, updated finishes throughout, and a functional open layout. No required HOA gives you freedom and flexibility rarely found in Hobe Sound. Conveniently located near beaches, shopping, dining, and local attractions. Perfect as a primary residence, seasonal getaway, or investment opportunity—this one checks all the boxes!

Key facts

• Move-in ready
• Remodeled
• Updated finishes

Tags

• REMODELED
• MOVE-IN READY
• ENCLOSED FLORIDA ROOM
• BRAND-NEW APPLIANCES
• UPDATED FINISHES
• FUNCTIONAL OPEN LAYOUT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $194k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $194k).
• Recommended offer: $177k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.5% in Hobe Sound — 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 69/100 on livability (#497 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living A; Watch: employment C-, 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: Rents rising (+1.8%/yr); 279 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 34% of the median local income ($70k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask is 9600% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $100k; list at $194k implies a 94% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,540 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.03% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.47%
• DSCR: 1.29
• GRM: 8.1

CMA / ARV

• ARV (median comp): $142,000
• List price: $194,000
• Delta: 36.62%
• Verdict: OVERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7816 SE Wren Ave	0.08mi	2/1.0	672 (0%)	12mo	$175,000	$260	86
7836 SE Wren Ave	0.07mi	2/2.0	672 (0%)	8mo	$185,000	$275	86
8130 SE Eagle Ave	0.22mi	2/2.0	672 (0%)	3mo	$110,000	$164	84
8121 SE Skylark Ave	0.29mi	2/1.5	672 (0%)	2mo	$165,000	$246	83
8008 SE Swan Ave	0.09mi	2/2.0	720 (+7%)	2mo	$145,000	$201	78
7000 SE Ridgeway Ter SE	0.46mi	2/1.5	672 (0%)	2mo	$121,000	$180	74
6950 SE Ridgeway Ter	0.48mi	2/1.0	576 (-14%)	3mo	$113,000	$196	51
7438 SE Swan Ave	0.42mi	2/2.0	728 (+8%)	14mo	$158,000	$217	51
8353 SE Sandy Ln	0.53mi	2/1.0	732 (+9%)	18mo	$150,000	$205	46
8307 SE Swan Ave	0.37mi	2/1.5	600 (-11%)	21mo	$120,000	$200	45
7437 SE Swan Ave	0.41mi	2/2.0	744 (+11%)	18mo	$177,500	$239	44
7126 SE Redbird Cir	0.48mi	2/2.0	770 (+15%)	12mo	$130,000	$169	39

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 · 1.8% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.72×
• Total profit: $-15,165
• Equity at exit: $28,926

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $1,239
• Equity at exit: $16,774

Cash invested: $54,320 (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 33455

• Rents YoY: 1.8%
• Active inventory: 279
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,007 medium
• Mortgage (P&I): −$1,017
• Tax from tax record: −$194 /mo · $2,334/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $293

Break-even live

Break-even rent $1,636

Max offer price $194,000

Occupancy floor 80%

Sensitivity live

Price	-10% $403	-5% $348	+0% $293	+5% $238	+10% $183
Rent	-10% $134	-5% $214	+0% $293	+5% $372	+10% $452
Rate	-1.0pp $391	-0.5pp $342	base $293	+0.5pp $243	+1.0pp $192

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: $48,500
• Closing costs: $5,820
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8160 SE Eagle Ave Hobe Sound, FL	2.0	1.0	672	$1,600	$2.38	24d	1	0.22mi
7109 SE Ridgeway Ter Hobe Sound, FL	2.0	1.0	624	$1,600	$2.56	22d	1	0.39mi
7959 SE Woodview Ter Hobe Sound, FL	1.0	1.0	700	$1,675	$2.39	24d	4	1.35mi
7920 SE Woodview Ter Unit 792007 Hobe Sound, FL	1.0	1.0	700	$1,675	$2.39	24d	1	1.37mi

Listing history 30 events

1. 2026-06-18
   days on market $194,000 Active 99 DOM
2. 2026-06-17
   days on market $194,000 Active 98 DOM
3. 2026-06-16
   days on market $194,000 Active 97 DOM
4. 2026-06-15
   days on market $194,000 Active 96 DOM
5. 2026-06-14
   days on market $194,000 Active 94 DOM
6. 2026-06-13
   days on market $194,000 Active 93 DOM
7. 2026-06-10
   days on market $194,000 Active 91 DOM
8. 2026-06-09
   days on market $194,000 Active 90 DOM
9. 2026-06-08
   days on market $194,000 Active 89 DOM
10. 2026-06-07
    days on market $194,000 Active 88 DOM
11. 2026-06-03
    days on market $194,000 Active 84 DOM
12. 2026-06-02
    days on market $194,000 Active 83 DOM
13. 2026-06-01
    days on market $194,000 Active 82 DOM
14. 2026-05-31
    days on market $194,000 Active 81 DOM
15. 2026-05-31
    days on market $194,000 Active 80 DOM
16. 2025-05-08
    historical $2,000
17. 2025-05-01
    listed $2,000
18. 2025-04-30
    listed $194,000 Active 553-char remark

    Show marketing remark (553 chars)

    This charming 2-bedroom, 1.5-bath home offers over 1,000 SF including an enclosed Florida room, providing flexible living and entertaining space. Fully remodeled and move-in ready! Enjoy peace of mind with brand-new appliances, updated finishes throughout, and a functional open layout. No required HOA gives you freedom and flexibility rarely found in Hobe Sound. Conveniently located near beaches, shopping, dining, and local attractions. Perfect as a primary residence, seasonal getaway, or investment opportunity—this one checks all the boxes!

19. 2022-03-03
    price $1,750
20. 2020-11-02
    soldstatus $99,900
21. 2020-10-28
    soldstatus $99,000 Closed 794-char remark

    Show marketing remark (794 chars)

    NEW AMS ROOF OVER MARCH 2019 - WARRANTY TRANSFERS TO NEW OWNER! New CENTRAL AIR CONDITIONER IN AUGUST 2018. The current owners were able to insure with hurricane coverage with a 4 point inspection. Very livable as it is or you could really make it shine with some updating. The baths were renewed within the last 3 years. Bring your boat and there is an outdoor sink in the lanai for washing your fresh catch of snook, snapper or whatever dinner you bring home from your day of fishing as the boat ramp is just a couple miles from your new home! There is no hoa fee but you can join the optional clubhouse/pool and enjoy activities such as euchre, dinners and more with your new friends. No age limit and no pet restrictions (just county). Furniture is optional. Time to hit the beach!

22. 2020-10-06
    status Pending 794-char remark

    Show marketing remark (794 chars)

    NEW AMS ROOF OVER MARCH 2019 - WARRANTY TRANSFERS TO NEW OWNER! New CENTRAL AIR CONDITIONER IN AUGUST 2018. The current owners were able to insure with hurricane coverage with a 4 point inspection. Very livable as it is or you could really make it shine with some updating. The baths were renewed within the last 3 years. Bring your boat and there is an outdoor sink in the lanai for washing your fresh catch of snook, snapper or whatever dinner you bring home from your day of fishing as the boat ramp is just a couple miles from your new home! There is no hoa fee but you can join the optional clubhouse/pool and enjoy activities such as euchre, dinners and more with your new friends. No age limit and no pet restrictions (just county). Furniture is optional. Time to hit the beach!

23. 2020-08-03
    price $99,900 794-char remark

    Show marketing remark (794 chars)

    NEW AMS ROOF OVER MARCH 2019 - WARRANTY TRANSFERS TO NEW OWNER! New CENTRAL AIR CONDITIONER IN AUGUST 2018. The current owners were able to insure with hurricane coverage with a 4 point inspection. Very livable as it is or you could really make it shine with some updating. The baths were renewed within the last 3 years. Bring your boat and there is an outdoor sink in the lanai for washing your fresh catch of snook, snapper or whatever dinner you bring home from your day of fishing as the boat ramp is just a couple miles from your new home! There is no hoa fee but you can join the optional clubhouse/pool and enjoy activities such as euchre, dinners and more with your new friends. No age limit and no pet restrictions (just county). Furniture is optional. Time to hit the beach!

24. 2020-02-20
    listed $105,000 Active 794-char remark

    Show marketing remark (794 chars)

    NEW AMS ROOF OVER MARCH 2019 - WARRANTY TRANSFERS TO NEW OWNER! New CENTRAL AIR CONDITIONER IN AUGUST 2018. The current owners were able to insure with hurricane coverage with a 4 point inspection. Very livable as it is or you could really make it shine with some updating. The baths were renewed within the last 3 years. Bring your boat and there is an outdoor sink in the lanai for washing your fresh catch of snook, snapper or whatever dinner you bring home from your day of fishing as the boat ramp is just a couple miles from your new home! There is no hoa fee but you can join the optional clubhouse/pool and enjoy activities such as euchre, dinners and more with your new friends. No age limit and no pet restrictions (just county). Furniture is optional. Time to hit the beach!

25. 2020-02-19
    historical
26. 2019-10-01
    listed $115,000 Active
27. 2019-09-30
    historical
28. 2019-03-29
    listed $115,000 Active
29. 1996-10-17
    soldstatus $33,000
30. 1983-02-01
    soldstatus $35,000

ⓘ 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: $2,334 · $194/mo
• Projected year-2 tax: $2,334 · $194/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,087
• − Mortgage interest: −$10,867
• − Property taxes: −$2,334
• − Insurance: −$970
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − Depreciation: −$5,644
• Taxable income: $419
• Est. tax owed @ 24.0%: −$100
• After-tax cash flow: $3,416/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 — Hobe Sound

• Score: 69/100
• State rank: #497
• US rank: #8763

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hobe Sound, FL
• County: Martin County · 165,223 people
• City population: 20,018
• Metro: Port St. Lucie, FL
• Population (ZIP): 20,018
• Household income: $70,389
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 317.0

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 6% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Dominican 1%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 8% · Canada
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1%

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: ▼ -287.05%
• Current HPI: 356.7273
• Rent YoY: ▲ 1.80%
• 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

-94.3% since first listed

15 events — show timeline

• 2025-05-08 Rental Removed $2,000 SHOWMOJO2
• 2025-05-01 Listed for Rent $2,000 SHOWMOJO2
• 2025-04-30 Listed $194,000 Beaches MLS
• 2022-03-03 Price Changed $1,750 RENT.
• 2020-11-02 Sold (Public Records) $99,900 Public Records
• 2020-10-28 Sold (MLS) $99,000 Beaches MLS
• 2020-10-06 Pending — Beaches MLS
• 2020-08-03 Price Changed $99,900 Beaches MLS
• 2020-02-20 Listed $105,000 Beaches MLS
• 2020-02-19 Listing Removed — Beaches MLS
• 2019-10-01 Listed $115,000 Beaches MLS
• 2019-09-30 Listing Removed — Beaches MLS
• 2019-03-29 Listed $115,000 Beaches MLS
• 1996-10-17 Sold (Public Records) $33,000 Public Records
• 1983-02-01 Sold (Public Records) $35,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $2,334 · +4.9% YoY. Source: county tax records.