CashFlowRE
Sign in Sign up
2929 SE Ocean Blvd Unit M4
A- Composite 84.57
Why this score? — see what drove the A- 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 +10.4/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • Schools +5.2/10.0
  • Livability +4.2/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0

$130,000

2929 SE Ocean Blvd Unit M4 · Stuart, FL 34996
2 bd · 1.5 ba · 837 sqft · Condo public records · 76 Days on market
Built 1969 Fair condition $155/sqft · 6% below area Est $139k · 6% under $523/mo HOA · 23% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Location, Location, location. Complete new renovation in 2005 from drywall, electric, plumbing, tile, cabinets, storm windows & sliders, elite 6 panel interior doors, appliances! This 2 bedroom upgraded condo is minutes away from area beaches, walking distance to area restaurants. Home features, laminate flooring, hurricane impact windows, textured walls and ceiling. Updated kitchen, bathrooms. This building allows for 1 cat. Community features heated pools and is a 55 and older community.

Key facts

  • Clubhouse
  • Community amenities
  • Pool

Tags

CEDAR POINTE VILLAGESCOMMUNITY AMENITIESCLUBHOUSEPOOLSHUFFLEBOARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.5-bath condo listed at $130k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $439 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $130k).
  • Recommended offer: $122k (6.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
  • 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: J. D. Parker School of Technology (math 39% / reading 40%, grade F, #1,513 of 2,144 statewide, top 73%, 519 students, 72% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL).
  • Market conditions: 286 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

  • In year one you build about $14k of equity ($899 loan paydown + $13k appreciation (10.0% local appreciation)).
  • Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 76 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 13y 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 $94k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 23% of rent.
  • Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $122,200 (6.0% below list)

Questions for the listing agent

  1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  6. 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?
  7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  9. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  10. 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.
  11. 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.
  12. 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
1.78%
Cap rate
10.95%
Cash-on-cash
16.65%
DSCR
1.74
GRM
4.7

CMA / ARV

ARV (median comp)
$138,941
List price
$130,000
Delta
-6.44%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2929 SE Ocean Blvd Unit O4 0.00mi 2/2.0 837 (0%) 1mo $129,500 $155 97
2600 SE Ocean Blvd Unit F12 0.24mi 1/1.5 (-1) 814 (-3%) 1mo $109,900 $135 78
2929 SE Ocean Blvd Unit 103-9 0.00mi 2/2.0 1,005 (+20%) 0mo $125,000 $124 73
2929 SE Ocean Blvd Unit 134-3 0.00mi 2/2.0 1,005 (+20%) 1mo $111,500 $111 72
2929 SE Ocean Blvd Unit 103-2 0.00mi 1/1.5 (-1) 696 (-17%) 0mo $77,500 $111 70
2929 SE Ocean Blvd Unit 139-7 0.00mi 1/1.5 (-1) 696 (-17%) 1mo $115,000 $165 70
2929 SE Ocean Blvd Unit 131-10 0.15mi 2/2.0 992 (+18%) 1mo $145,000 $146 65
406 SE Robalo Ct 1.04mi 2/1.0 843 (+1%) 3mo $315,000 $374 60
2929 SE Ocean Blvd Unit 104-7 0.28mi 2/2.0 1,005 (+20%) 2mo $125,000 $124 58
2929 SE Ocean Blvd Unit 142-3 0.34mi 2/2.0 1,005 (+20%) 2mo $120,000 $119 56
262 SE Monterey Ave 0.61mi 3/1.0 (+1) 1,001 (+20%) 3mo $420,000 $420 38
1800 SE Saint Lucie Blvd Unit 7-205 0.87mi 2/2.0 1,044 (+25%) 1mo $180,000 $172 37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
35.0%
Equity multiple
3.72×
Total profit
$99,066
Equity at exit
$117,114
10-year hold
IRR
30.2%
Equity multiple
8.43×
Total profit
$270,434
Equity at exit
$252,561

Cash invested: $36,400 (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.

Active competition Active MLS

For sale now
2 active · 2 under contract
Median asking
$207,000 ($199/sqft)
Median days on market
276 d
This list price
lowest-priced of the active set
ARV vs active asking
-16.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34996

Home prices YoY
2.1%
Active inventory
286
Price-to-rent
4.7×

Monthly cashflow live

Estimated rent
$2,310 high interval (Pro) →
Mortgage (P&I)
$682
Tax from tax record
$61 /mo · $736/yr
Insurance
$54
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$523
Vacancy / Maint / Mgmt
$485
Net cashflow
$439

Break-even live

Break-even rent $1,755
Max offer price $130,000
Occupancy floor 76%

Sensitivity live

Price -10% $512 -5% $475 +0% $439 +5% $402 +10% $365
Rent -10% $256 -5% $347 +0% $439 +5% $530 +10% $621
Rate -1.0pp $504 -0.5pp $472 base $439 +0.5pp $405 +1.0pp $371

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
$32,500
Closing costs
$3,900
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 14 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2950 SE Ocean Blvd Stuart, FL 2.0 2.0 1157 $1,800 $1.56 63d 3 0.07mi
2950 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 1035 $2,000 $1.93 15d 6 0.07mi
2929 SE Ocean Blvd Unit B-2 Stuart, FL 1.0 1.0 619 $1,450 $2.34 15d 1 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,400 $2.82 15d 6 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.0–2.0 812 $2,400 $2.96 72d 6 0.18mi
2600 SE Ocean Blvd Stuart, FL 2.0 2.0 1089 $1,725 $1.58 15d 2 0.22mi
2600 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 951 $1,900 $2.00 63d 3 0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL 2.0 2.0 1005 $1,800 $1.79 72d 1 0.34mi
300 SE Saint Lucie Blvd Stuart, FL 1.0–3.0 1.0–2.0 884 $2,214 $2.50 15d 14 0.54mi
262 SE Monterey Ave Stuart, FL 3.0 1.0 1001 $3,500 $3.50 72d 1 0.63mi
333 SE Martin Ave Stuart, FL 2.0 1.0 778 $1,625 $2.09 15d 2 0.82mi
333 SE Martin Ave Unit 1F Stuart, FL 2.0 1.0 778 $1,800 $2.31 72d 1 0.82mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL 2.0 2.0 1044 $1,900 $1.82 15d 1 0.86mi
1800 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1044 $2,600 $2.49 72d 3 0.90mi

Property features AI

Finance

Other
Building area approximately 837 (public records)
Financial info
Pets not allowed
HOA & community
Association present (Cedar Pointe Village 1-5 Association, Inc)Monthly association fee of $523Association fee includes cable TV, internet, grounds maintenance, pest control, trash, water, common areas, reserve funds, roof repairs, and pool serviceSenior community

Exterior

Parking
Assigned parkingGuest parking1 total parking space
Security
On-site manager (community oversight)
Utilities
Public waterPublic sewerCable availableWater service included in association
Home design
CondominiumOne storyFaces southeastResale property
Construction
Concrete and decorative block constructionMetal roof
Exterior features
Not waterfrontCommunity poolShuffleboard courtCommunity storageCommunity clubhouseCommunity room with kitchen facilitiesManager on siteOn-site managementCommon areas maintainedGrounds maintenance providedPest control providedTrash service providedRoof repairs and pool service included in association

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigerator
Bedrooms
2 bedrooms on the main level
Flooring
CarpetVinyl
Bathrooms
1 full bathroom1 half bathroom (2 total bathrooms)
Heating & cooling
Central heatingCentral air conditioning
Interior features
No additional interior features listedFurnishing negotiable
Laundry & utility
Laundry available in association amenities

HOA detail $523/mo · $6,276/yr condo

Likely covers
electricpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $130,000 Active 76 DOM
  2. 2026-08-07
    days on market $130,000 Active 75 DOM
  3. 2026-08-06
    days on market $130,000 Active 74 DOM
  4. 2026-08-05
    days on market $130,000 Active 73 DOM
  5. 2026-08-04
    days on market $130,000 Active 72 DOM
  6. 2026-08-03
    days on market $130,000 Active 71 DOM
  7. 2026-07-31
    days on market $130,000 Active 68 DOM
  8. 2026-07-29
    days on market $130,000 Active 66 DOM
  9. 2026-07-27
    days on market $130,000 Active 64 DOM
  10. 2026-07-25
    days on market $130,000 Active 62 DOM
  11. 2026-07-23
    days on market $130,000 Active 60 DOM
  12. 2026-07-22
    days on market $130,000 Active 59 DOM
  13. 2026-07-21
    days on market $130,000 Active 58 DOM
  14. 2026-07-18
    days on market $130,000 Active 55 DOM
  15. 2026-07-16
    days on market $130,000 Active 53 DOM
  16. 2026-07-16
    days on market $130,000 Active 52 DOM
  17. 2026-07-14
    days on market $130,000 Active 51 DOM
  18. 2026-07-13
    days on market $130,000 Active 50 DOM
  19. 2026-07-12
    days on market $130,000 Active 49 DOM
  20. 2026-07-11
    days on market $130,000 Active 48 DOM
  21. 2026-07-10
    days on market $130,000 Active 47 DOM
  22. 2026-07-09
    days on market $130,000 Active 46 DOM
  23. 2026-07-08
    days on market $130,000 Active 45 DOM
  24. 2026-07-07
    days on market $130,000 Active 44 DOM
  25. 2026-07-06
    days on market $130,000 Active 43 DOM
  26. 2026-07-05
    days on market $130,000 Active 42 DOM
  27. 2026-07-04
    days on market $130,000 Active 41 DOM
  28. 2026-07-03
    days on market $130,000 Active 40 DOM
  29. 2026-07-02
    days on market $130,000 Active 39 DOM
  30. 2026-07-01
    days on market $130,000 Active 38 DOM
  31. 2026-06-30
    days on market $130,000 Active 37 DOM
  32. 2026-06-29
    days on market $130,000 Active 36 DOM
  33. 2026-06-28
    days on market $130,000 Active 35 DOM
  34. 2026-06-28
    days on market $130,000 Active 34 DOM
  35. 2026-06-27
    days on market $130,000 Active 33 DOM
  36. 2026-06-25
    days on market $130,000 Active 31 DOM
  37. 2026-06-23
    days on market $130,000 Active 29 DOM
  38. 2026-06-21
    days on market $130,000 Active 28 DOM
  39. 2026-06-18
    days on market $130,000 Active 25 DOM
  40. 2026-06-17
    days on market $130,000 Active 24 DOM
  41. 2026-06-16
    days on market $130,000 Active 23 DOM
  42. 2026-06-15
    days on market $130,000 Active 22 DOM
  43. 2026-06-14
    days on market $130,000 Active 20 DOM
  44. 2026-06-13
    days on market $130,000 Active 19 DOM
  45. 2026-06-10
    days on market $130,000 Active 17 DOM
  46. 2026-06-09
    days on market $130,000 Active 16 DOM
  47. 2026-06-08
    days on market $130,000 Active 15 DOM
  48. 2026-06-07
    days on market $130,000 Active 14 DOM
  49. 2026-06-03
    days on market $130,000 Active 10 DOM
  50. 2026-06-02
    days on market $130,000 Active 9 DOM

ⓘ 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
$736 · $61/mo
Projected year-2 tax
$1,079 · $90/mo
Expected delta
+$343/yr (+$29/mo · 46.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$27,724
− Mortgage interest
−$7,282
− Property taxes
−$736
− Insurance
−$1,448
− Repairs & maintenance
−$2,218
− Management
−$2,218
− HOA
−$6,276
− Depreciation
−$3,782
Taxable income
$3,765
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$904
After-tax cash flow
$4,358/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.

Condition & rehab AI · 3 photos

Fair 45/100 Cosmetic rehab Est. rehab $4,185–$12,555 screening

This 55+ community condo is in fair condition with average exterior and interior features. It offers a good location and community amenities, but could benefit from updates to increase its resale and rental value.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
  • Both Landscaping and curb appeal improvements — Well-maintained landscaping increases curb appeal and property value
  • Both New flooring in kitchen and bathrooms — Modern flooring improves aesthetics and adds value
  • Both New paint in kitchen and bathrooms — Fresh paint enhances cleanliness and aesthetics
  • Both New countertops in kitchen — Modern countertops add value and functionality

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary J. D. Parker School Of Technology F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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
A Composite livability gradescore 84/100

Livability — Stuart

Score
84/100
State rank
#39
US rank
#790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Stuart, FL
County
Martin County · 172,383 people
City population
65,812
Metro
Port St. Lucie, FL
Population (ZIP)
10,653
Household income
$83,929
Rent vs Own
16.0% rent · 84.0% own
Severe rent burden
24% of renters

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 (90%)
Race & ethnicity
White 90% Hispanic / Latino 7% Two or more races 5%
Hispanic origin (detail)
Puerto Rican 2%
Common ancestry
Italian 3% Romanian 3% Slovak 3%
Foreign-born
6% · Canada
Languages at home
94% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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

Price history

+145.7% since first listed
10 events — show timeline
  • 2026-05-24 Listed $130,000 Beaches MLS
  • 2017-08-15 Sold (Public Records) $94,000 Public Records
  • 2017-08-08 Sold (MLS) $94,000 MCRTC
  • 2017-07-18 Contingent MCRTC
  • 2017-07-13 Listed $95,000 MCRTC
  • 2016-01-11 Price Changed $45,000 MCRTC
  • 2013-10-29 Sold (Public Records) $45,000 Public Records
  • 2013-10-16 Sold (MLS) $45,000 MCRTC
  • 2013-10-16 Price Changed $52,900 MCRTC
  • 2013-04-14 Listed $52,900 MCRTC

Property tax history

+0.7%/yr

Latest (2025): $736 · -0.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…