1685 20th Ave SW · Florida Ridge, FL 32962

$315,000

2 bd · 2.0 ba · 1,359 sqft · SingleFamily public records · 310 Days on market

Built 1986 4,792 sqft lot Est $298k · 6% over

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Why this score? — see what drove the F 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 +7.6/30.0
• ARV discount +4.9/15.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

Key facts

• Easy drive to parks
• Central location
• 4,792 sq ft lot

Tags

• CENTRAL LOCATION
• EASY DRIVE TO PARKS
• EASY DRIVE TO BEACHES
• EASY DRIVE TO GROCERY

Property features AI

Finance

• Financial info: Lease considered

Exterior

• Parking: Detached or attached garage with 1 covered space; Driveway; Garage door opener
• Utilities: Public water; Public sewer; Electric with fuses
• Home design: Single-story; Faces east; Frame construction
• Construction: Shingle roof; Frame construction; Built year unknown
• Exterior features: Porch; Open patio; Patio; Room for pool; Shed(s)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Icemaker; Disposal; Electric water heater
• Bedrooms: Bedroom on main level
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: First-floor entry; Bedroom on main level; Family room
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-377 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (21.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (32.4% below list).
• Recommended offer: $213k (32.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#353 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, employment D, amenities F.
• Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 348 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 38% of the median local income ($67k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 310 days — a 12% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago; this cycle's ask has dropped $55k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $238k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $212,811 (32.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 310 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 0.68% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.13%
• DSCR: 0.77
• GRM: 12.3

CMA / ARV

• ARV (on-the-fly): $297,621
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1645 SW 19th Ave Ave SW	0.06mi	3/2.0 (+1)	1,332 (-2%)	2mo	$305,000	$229	87
1635 19th Ave SW	0.08mi	3/2.0 (+1)	1,314 (-3%)	3mo	$299,000	$228	84
1456 20th Ave SW	0.28mi	2/2.0	1,372 (+1%)	2mo	$215,000	$157	84
1835 18th Ave SW	0.26mi	3/2.0 (+1)	1,416 (+4%)	4mo	$310,000	$219	72
1395 17th Ct SW	0.39mi	3/2.0 (+1)	1,380 (+2%)	3mo	$293,000	$212	72
1606 20th Ave SW	0.08mi	3/2.0 (+1)	1,176 (-14%)	2mo	$214,900	$183	68
2075 14th St SW	0.34mi	2/2.0	1,200 (-12%)	3mo	$223,000	$186	62
1125 19th St SW	0.71mi	3/2.0 (+1)	1,362 (+0%)	2mo	$389,000	$286	60
2035 13th Ave SW	0.62mi	2/2.0	1,245 (-8%)	2mo	$280,000	$225	55
1365 19th Ave SW	0.40mi	3/2.0 (+1)	1,170 (-14%)	4mo	$299,000	$256	50
2622 12th Sq SW	0.68mi	3/2.0 (+1)	1,487 (+9%)	2mo	$310,000	$208	46
1221 18th Ave SW	0.57mi	3/2.0 (+1)	1,176 (-14%)	4mo	$195,000	$166	43

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 · 4.18% rent growth · sell at horizon

5-year hold

• IRR: -23.8%
• Equity multiple: 0.18×
• Total profit: $-72,529
• Equity at exit: $46,968

10-year hold

• IRR: -16.2%
• Equity multiple: 0.05×
• Total profit: $-83,483
• Equity at exit: $27,235

Cash invested: $88,200 (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 32962

• Rents YoY: 4.2%
• Active inventory: 348
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $2,128 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$275 /mo · $3,299/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $-377

Break-even live

Break-even rent $2,605

Max offer price $248,431

Occupancy floor —

Sensitivity live

Price	-10% $-199	-5% $-288	+0% $-377	+5% $-466	+10% $-555
Rent	-10% $-545	-5% $-461	+0% $-377	+5% $-293	+10% $-209
Rate	-1.0pp $-218	-0.5pp $-297	base $-377	+0.5pp $-458	+1.0pp $-541

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1110 19th Ave SW Vero Beach, FL	3.0	2.0	1534	$2,000	$1.30	22d	1	0.69mi
2020 Vero South Cir SW #2 Vero Beach, FL	2.0	3.0	1600	$1,900	$1.19	22d	1	0.83mi
2565 Langrove Ln SW Vero Beach, FL	3.0	2.0	1464	$2,000	$1.37	22d	1	1.07mi
826 Middleton Dr SW Vero Beach, FL	3.0	2.0	1464	$2,150	$1.47	22d	1	1.08mi
2619 Langrove Ln SW Unit 2619 Vero Beach, FL	3.0	2.0	1464	$2,450	$1.67	22d	1	1.12mi
985 23rd Pl SW Vero Beach, FL	3.0	2.0	1176	$2,200	$1.87	22d	1	1.15mi
2199 Harwick Cir SW Vero Beach, FL	3.0	2.0	1676	$2,400	$1.43	22d	1	1.19mi
2543 Stockbridge Sq SW Vero Beach, FL	3.0	2.0	1464	$2,200	$1.50	14d	1	1.22mi
2584 Stockbridge Sq SW Vero Beach, FL	3.0	2.5	1698	$2,250	$1.33	14d	1	1.23mi
1123 37th Ave SW Unit 1541760P Vero Beach, FL	3.0	2.0	1248	$3,075	$2.46	14d	1	1.34mi
2450 8th Ave SW Vero Beach, FL	3.0	2.0	1388	$2,100	$1.51	22d	1	1.40mi
7503 Paso Robles Blvd Fort Pierce, FL	3.0	2.0	1260	$2,000	$1.59	24d	1	1.44mi

Listing history 49 events

1. 2026-06-19
   days on market $315,000 Active 310 DOM
2. 2026-06-18
   days on market $315,000 Active 309 DOM
3. 2026-06-17
   days on market $315,000 Active 308 DOM
4. 2026-06-16
   days on market $315,000 Active 307 DOM
5. 2026-06-15
   days on market $315,000 Active 306 DOM
6. 2026-06-14
   days on market $315,000 Active 304 DOM
7. 2026-06-13
   days on market $315,000 Active 303 DOM
8. 2026-06-10
   days on market $315,000 Active 301 DOM
9. 2026-06-09
   days on market $315,000 Active 300 DOM
10. 2026-06-08
    days on market $315,000 Active 299 DOM
11. 2026-06-07
    days on market $315,000 Active 298 DOM
12. 2026-06-05
    days on market $315,000 Active 295 DOM
13. 2026-06-02
    days on market $315,000 Active 293 DOM
14. 2026-06-01
    days on market $315,000 Active 292 DOM
15. 2026-05-31
    days on market $315,000 Active 291 DOM
16. 2026-05-30
    days on market $315,000 Active 290 DOM
17. 2026-05-06
    price $315,000
18. 2026-04-23
    price $300,000
19. 2026-04-13
    price $310,000
20. 2026-04-07
    price $320,000
21. 2026-02-12
    price $330,000
22. 2025-12-19
    price $315,000
23. 2025-12-05
    price $325,000
24. 2025-11-18
    price $329,000
25. 2025-10-23
    price $335,000
26. 2025-10-13
    price $345,000
27. 2025-09-29
    price $350,000
28. 2025-09-10
    price $360,000
29. 2025-08-13
    listed $370,000 Active
30. 2024-04-03
    historical $2,350
31. 2024-03-19
    price $2,350
32. 2024-02-14
    listed $2,475
33. 2024-02-14
    historical $2,475
34. 2024-02-07
    listed $2,475
35. 2024-02-07
    historical $2,475
36. 2024-01-31
    listed $2,475
37. 2024-01-31
    historical $2,475
38. 2024-01-29
    listed $2,475
39. 2024-01-29
    historical $2,475
40. 2024-01-07
    listed $2,475
41. 2023-02-27
    soldstatus $237,500
42. 2023-02-24
    soldstatus $237,500 Closed 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

43. 2023-02-01
    status Pending 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

44. 2023-01-31
    price $237,500 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

45. 2022-12-08
    price $249,900 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

46. 2022-10-22
    price $299,000 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

47. 2022-10-13
    listed $319,900 Active 306-char remark

    Show marketing remark (306 chars)

    HANDY MAN SPECIAL !! 4 bedroom 2 bath home being sold with vacant lot on North side of property. New A/C. Needs some TLC. Cute street with central location making it an easy drive to parks, beaches, grocery + more! Sold AS-IS. Don't miss out on the chance to own this great property with lots of character.

48. 1991-11-01
    soldstatus $58,000
49. 1986-07-01
    soldstatus $44,000

ⓘ 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: $3,299 · $275/mo
• Projected year-2 tax: $3,299 · $275/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 2/10 Low
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,537
• − Mortgage interest: −$17,645
• − Property taxes: −$3,299
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,043
• − Management: −$2,043
• − Depreciation: −$9,164
• Taxable loss: −$10,231
• Est. tax savings @ 24.0%: +$2,455
• After-tax cash flow: $-2,067/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: Indian River
• NCES district ID: 1200930
• Math proficiency: 48% ▼ -9.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $46,597
• Composite: 42.45/100
• National rank: #3218
• State rank: #35 of 73 in FL

Livability — Florida Ridge

• Score: 72/100
• State rank: #353
• US rank: #6129

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florida Ridge, FL
• County: Indian River County · 143,738 people
• City population: 25,629
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 25,522
• Household income: $66,664
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 425.0

Population outlook (Indian River County) Hauer SSP2

• Today (2025): 165,104 people
• By 2030: 172,869 · +4.7%
• By 2040: 185,640 · +12.4%
• By 2050: 194,465 · +17.8%
• By 2075: 211,115 · +27.9%
• By 2100: 211,781 · +28.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 12% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 4% Italian 3%
• Foreign-born: 12% · Canada, Jamaica, Dominican Republic
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Indian River

• 2024 margin: Strong R (+27.4) · D 36.0% · R 63.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -182.13%
• Current HPI: 333.3274
• Rent YoY: ▲ 4.18%
• Metro: Sebastian-Vero Beach, 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

+615.9% since first listed

33 events — show timeline

• 2026-05-06 Price Changed $315,000 MARMLS
• 2026-04-23 Price Changed $300,000 MARMLS
• 2026-04-13 Price Changed $310,000 MARMLS
• 2026-04-07 Price Changed $320,000 MARMLS
• 2026-02-12 Price Changed $330,000 MARMLS
• 2025-12-19 Price Changed $315,000 MARMLS
• 2025-12-05 Price Changed $325,000 MARMLS
• 2025-11-18 Price Changed $329,000 MARMLS
• 2025-10-23 Price Changed $335,000 MARMLS
• 2025-10-13 Price Changed $345,000 MARMLS
• 2025-09-29 Price Changed $350,000 MARMLS
• 2025-09-10 Price Changed $360,000 MARMLS
• 2025-08-13 Listed $370,000 MARMLS
• 2024-04-03 Rental Removed $2,350 MARMLS
• 2024-03-19 Price Changed $2,350 MARMLS
• 2024-02-14 Listed for Rent $2,475 MARMLS
• 2024-02-14 Rental Removed $2,475 REALLYO
• 2024-02-07 Listed for Rent $2,475 REALLYO
• 2024-02-07 Rental Removed $2,475 REALLYO
• 2024-01-31 Listed for Rent $2,475 REALLYO
• 2024-01-31 Rental Removed $2,475 REALLYO
• 2024-01-29 Listed for Rent $2,475 REALLYO
• 2024-01-29 Rental Removed $2,475 MARMLS
• 2024-01-07 Listed for Rent $2,475 MARMLS
• 2023-02-27 Sold (Public Records) $237,500 Public Records
• 2023-02-24 Sold (MLS) $237,500 MARMLS
• 2023-02-01 Pending — MARMLS
• 2023-01-31 Price Changed $237,500 MARMLS
• 2022-12-08 Price Changed $249,900 MARMLS
• 2022-10-22 Price Changed $299,000 MARMLS
• 2022-10-13 Listed $319,900 MARMLS
• 1991-11-01 Sold (Public Records) $58,000 Public Records
• 1986-07-01 Sold (Public Records) $44,000 Public Records

Property tax history

+12.6%/yr

Latest (2025): $3,299 · +9.7% YoY. Source: county tax records.