8122 SE Skylark Ave · Hobe Sound, FL 33455

$115,000

1 bd · 1.0 ba · 624 sqft · Manufactured public records · 16 Days on market

Built 1968 5,227 sqft lot $184/sqft · 19% below area Est $142k · 19% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

Key facts

• Community pool
• Storage shed
• Screened porch

Tags

• RIDGEWAY MOBILE HOME COMMUNITY
• VOLUNTARY HOA
• COMMUNITY POOL
• SCREENED PORCH
• SCREENED CARPORT AREA
• STORAGE SHED

Property features AI

Finance

• Other: Lot dimensions approximately 50 x 100
• Financial info: Pets allowed with no restrictions
• HOA & community: No land lease

Exterior

• Parking: Attached carport (1 covered carport space); Driveway; RV and boat access/parking; Total parking for 2 vehicles (1 open space)
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity connected; Water available; Sewer connected
• Home design: Manufactured single-wide home; One story; Entry in screened room off carport (two steps up); Faces east
• Construction: Metal frame construction; Aluminum skirting; Other roof type; Model: Hillcrest; Mobile home remains
• Exterior features: Open patio; Screened porch; Porch; Shed(s); Fruit trees on an interior lot; Paved road frontage (publicly maintained)

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 1 bedroom on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central air; Electric cooling; Wall/window unit(s)
• Interior features: Unfurnished; No additional interior features listed
• Laundry & utility: No laundry or utility appliance details provided

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $671 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.3% 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.
• Zoned schools: Murray Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 616 students, 69% FRL); South Fork High School (math 36% / reading 48%, grade F, #275 of 667 statewide, top 42%, 1,810 students, 51% FRL) — zoned schools average 60% FRL vs 41% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• 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 31% 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 $795 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago 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.
• Current owner paid $30k; list at $115k implies a 283% 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 $113,275 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — 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. 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.
4. 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.
5. 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: 1.61% ✓
• Cap rate: 13.29%
• Cash-on-cash: 25.00%
• DSCR: 2.11
• GRM: 5.2

CMA / ARV

• ARV (median comp): $142,000
• List price: $115,000
• Delta: -19.01%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8121 SE Skylark Ave	0.03mi	2/1.5 (+1)	672 (+8%)	2mo	$165,000	$246	77
8130 SE Eagle Ave	0.10mi	2/2.0 (+1)	672 (+8%)	3mo	$110,000	$164	71
8165 SE Wren Ave	0.04mi	2/1.5 (+1)	552 (-12%)	4mo	$142,000	$257	69
7000 SE Ridgeway Ter SE	0.36mi	2/1.5 (+1)	672 (+8%)	2mo	$121,000	$180	62
6950 SE Ridgeway Ter	0.40mi	2/1.0 (+1)	576 (-8%)	3mo	$113,000	$196	61
8307 SE Swan Ave	0.16mi	2/1.5 (+1)	600 (-4%)	21mo	$120,000	$200	61
7836 SE Wren Ave	0.28mi	2/2.0 (+1)	672 (+8%)	8mo	$185,000	$275	58
7816 SE Wren Ave	0.30mi	2/1.0 (+1)	672 (+8%)	12mo	$175,000	$260	58

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: 17.1%
• Equity multiple: 1.68×
• Total profit: $21,905
• Equity at exit: $17,147

10-year hold

• IRR: 24.8%
• Equity multiple: 3.03×
• Total profit: $65,354
• Equity at exit: $9,943

Cash invested: $32,200 (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 33455

• Rents YoY: 1.8%
• Active inventory: 279
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,846 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$137 /mo · $1,641/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $671

Break-even live

Break-even rent $997

Max offer price $115,000

Occupancy floor 59%

Sensitivity live

Price	-10% $736	-5% $703	+0% $671	+5% $638	+10% $606
Rent	-10% $525	-5% $598	+0% $671	+5% $744	+10% $817
Rate	-1.0pp $729	-0.5pp $700	base $671	+0.5pp $641	+1.0pp $611

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: $28,750
• Closing costs: $3,450
• 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	0.11mi
7109 SE Ridgeway Ter Hobe Sound, FL	2.0	1.0	624	$1,600	$2.56	22d	1	0.24mi
7959 SE Woodview Ter Hobe Sound, FL	1.0	1.0	700	$1,675	$2.39	24d	4	1.08mi
7920 SE Woodview Ter Unit 792007 Hobe Sound, FL	1.0	1.0	700	$1,675	$2.39	24d	1	1.11mi

Listing history 14 events

1. 2026-05-31
   status $115,000 Pending 16 DOM
2. 2026-05-13
   listed $115,000 Active 1571-char remark
3. 2020-04-14
   historical
4. 2020-04-09
   price $99,000
5. 2020-04-07
   price $80,000
6. 2020-02-24
   listed $99,000 Active
7. 2016-01-11
   price $30,000

   Show marketing remark (461 chars)

   Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

8. 2012-04-30
   soldstatus $30,000

   Show marketing remark (461 chars)

   Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

9. 2012-04-30
   price $32,500

   Show marketing remark (461 chars)

   Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

10. 2012-04-30
    soldstatus $30,000

    Show marketing remark (461 chars)

    Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

11. 2012-04-07
    historical
12. 2012-04-03
    listed $32,500

    Show marketing remark (461 chars)

    Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

13. 2012-04-03
    listed $32,500

    Show marketing remark (461 chars)

    Darling home for just the right price. 1 bedroom, 1 bath updated decor - all plywood subfloors. In great shape and so inviting. The perfect winter get-away for less than you can buy some cars!! Lovely landscaping in nice area. Ridgeway is a 55+ community with lots of activities - just minutes to the pristine Jupiter Island Beaches, ICW boat ramp, shopping, restaurants and entertainment. You own the land - low HOA fee of $150.00 per YEAR!! ALL PETS WELCOME!!

14. 1973-01-01
    soldstatus $5,020

ⓘ 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: $1,641 · $137/mo
• Projected year-2 tax: $1,641 · $137/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: $22,154
• − Mortgage interest: −$6,442
• − Property taxes: −$1,641
• − Insurance: −$575
• − Repairs & maintenance: −$1,772
• − Management: −$1,772
• − Depreciation: −$3,345
• Taxable income: $6,606
• Est. tax owed @ 24.0%: −$1,585
• After-tax cash flow: $6,463/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

+2190.8% since first listed

14 events — show timeline

• 2026-05-29 Pending — Beaches MLS
• 2026-05-13 Listed $115,000 Beaches MLS
• 2020-04-14 Listing Removed — Beaches MLS
• 2020-04-09 Price Changed $99,000 Beaches MLS
• 2020-04-07 Price Changed $80,000 Beaches MLS
• 2020-02-24 Listed $99,000 Beaches MLS
• 2016-01-11 Price Changed $30,000 MCRTC
• 2012-04-30 Sold (MLS) $30,000 Beaches MLS
• 2012-04-30 Price Changed $32,500 MCRTC
• 2012-04-30 Sold (MLS) $30,000 MCRTC
• 2012-04-07 Listing Removed — Beaches MLS
• 2012-04-03 Listed $32,500 Beaches MLS
• 2012-04-03 Listed $32,500 MCRTC
• 1973-01-01 Sold (Public Records) $5,020 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,641 · +5.1% YoY. Source: county tax records.