912 SE Tarpon Ave · Stuart, FL 34994

$288,000

3 bd · 2.0 ba · 1,463 sqft · SingleFamily public records · 38 Days on market

Built 1967 4,515 sqft lot $197/sqft · 15% below area Est $339k · 15% under

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Why this score? — see what drove the C+ 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 +21.7/30.0
• ARV discount +14.3/15.0
• DSCR +6.9/10.0
• 1% rule +4.9/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

Key facts

• Updated bathrooms
• Newer central ac
• Updated kitchen

Tags

• NEW ROOF
• HURRICANE IMPACT WINDOWS
• NEWER CENTRAL AC
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• UPDATED BATHROOMS

Property features AI

Exterior

• Parking: Concrete parking; 2 total parking spaces
• Utilities: Public water; Public sewer; Electricity available
• Home design: Single-family residence; One story; Faces east; Resale property
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Fruit trees on lot; Lot measures approximately 43 ft x 43 ft; Not waterfront

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 4 main-level bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms (both on main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds and storm windows; Unfurnished
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $288k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/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 $286k (0.8% below list).
• Recommended offer: $279k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.1% in Stuart — 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 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.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 35 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).
• At $2,858/mo this rent would consume 55% of the median local household income ($63k/yr) (locally 1408% 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.
• 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 38 days — a 3% lower offer ($279k) is reasonable based on typical stale-listing flexibility.
• 13 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 $110k; list at $288k implies a 162% 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 $279,360 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.57%
• DSCR: 1.29
• GRM: 8.4

CMA / ARV

• ARV (median comp): $339,036
• List price: $288,000
• Delta: -15.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
905 SE 10th St	0.16mi	4/2.0 (+1)	1,503 (+3%)	0mo	$350,000	$233	82
900 SE Lake St	0.17mi	3/2.0	1,592 (+9%)	3mo	$330,000	$207	75
819 SE Stypmann Blvd	0.34mi	3/2.0	1,306 (-11%)	2mo	$492,500	$377	65
912 SE Martin Luther King Jr Blvd	0.27mi	4/2.0 (+1)	1,324 (-10%)	4mo	$308,000	$233	63
1017 SE 16th Ct	0.62mi	3/2.0	1,368 (-6%)	8mo	$360,000	$263	54
246 SE Ila St	0.60mi	3/2.0	1,581 (+8%)	8mo	$470,000	$297	52
804 SE Riverside Dr	0.62mi	2/2.5 (-1)	1,372 (-6%)	5mo	$765,000	$558	50
715 SE Alamanda Way	0.47mi	3/2.0	1,677 (+15%)	8mo	$449,000	$268	47
221 SE Coconut Ave	0.63mi	3/2.5	1,641 (+12%)	2mo	$738,000	$450	46
724 SE Michaels Ct	0.56mi	3/2.0	1,678 (+15%)	4mo	$470,000	$280	46
1027 SE Osceola St	0.62mi	2/1.5 (-1)	1,604 (+10%)	3mo	$650,000	$405	45
1305 SE Sea Oat Ln	0.54mi	4/2.0 (+1)	1,654 (+13%)	6mo	$557,000	$337	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.4%
• Equity multiple: 0.67×
• Total profit: $-26,991
• Equity at exit: $42,942

10-year hold

• IRR: -4.3%
• Equity multiple: 0.75×
• Total profit: $-19,923
• Equity at exit: $24,901

Cash invested: $80,640 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,858 high
• Mortgage (P&I): −$1,510
• Tax from tax record: −$186 /mo · $2,229/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$600
• Net cashflow: $441

Break-even live

Break-even rent $2,299

Max offer price $288,000

Occupancy floor 80%

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: $72,000
• Closing costs: $8,640
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
801 SE Central Ave Stuart, FL	3.0	1.0	899	$2,300	$2.56	14d	1	0.38mi
1604 SE Apache Ave Stuart, FL	4.0	2.0	1404	$3,300	$2.35	23d	1	0.46mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$5,000	$4.18	23d	1	0.64mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	14d	16	0.72mi
801 SE Central Pkwy #7 Stuart, FL	2.0	2.0	1046	$2,150	$2.06	14d	1	0.79mi
310 SE Denver Ave Unit 2 Stuart, FL	2.0	2.0	1300	$2,900	$2.23	14d	1	0.79mi
950 S Kanner Hwy Stuart, FL	2.0	2.0	1019	$1,888	$1.85	21d	3	0.79mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$2,000	$2.35	14d	4	0.79mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.5	1062	$2,000	$1.88	23d	5	0.79mi
345 SE Angler Dr Stuart, FL	3.0	2.5	1475	$2,650	$1.80	21d	1	0.83mi
85 SE Hancock St Stuart, FL	1.0–2.0	1.0–2.0	1278	$2,300	$1.80	14d	2	0.87mi
40 SE Sedona Cir #103 Stuart, FL	3.0	2.5	1671	$3,800	$2.27	23d	1	0.88mi
905 SE Flamingo Ave Stuart, FL	3.0	2.0	1520	$4,500	$2.96	23d	1	0.95mi
41 SW Seminole St Stuart, FL	3.0	1.0–2.5	1353	$18,000	$13.30	23d	3	1.00mi
47 SW Osceola St Unit UN206 Stuart, FL	2.0	2.0	1276	$3,900	$3.06	23d	1	1.00mi
47 SW Osceola St #206 Stuart, FL	2.0	2.0	1276	$4,000	$3.13	23d	1	1.00mi
1900 S Kanner Hwy Unit 2-203 Stuart, FL	2.0	2.0	1086	$1,800	$1.66	14d	1	1.06mi
201 SW Joan Jefferson Way Stuart, FL	2.0–3.0	2.0	1400	$3,295	$2.35	14d	10	1.06mi
47 SE Sedona Cir #203 Stuart, FL	3.0	2.5	1450	$2,200	$1.52	23d	1	1.08mi
44 SE Sedona Cir #201 Stuart, FL	3.0	2.0	1443	$2,200	$1.52	23d	1	1.08mi
701 SW Bryant Ave Stuart, FL	2.0	1.0	1295	$3,300	$2.55	14d	1	1.08mi
1871 SW Palm City Rd Unit G401 Stuart, FL	3.0	2.0	1289	$2,200	$1.71	23d	1	1.09mi
2118 SE Edler Dr Unit B Stuart, FL	2.0	2.0	876	$1,995	$2.28	23d	1	1.15mi
2124 SE Edler Dr Stuart, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.17mi
514 SW North Carolina Dr Stuart, FL	3.0	2.0	1836	$3,695	$2.01	14d	1	1.19mi
1215 SE Glenwood Dr Stuart, FL	2.0	2.0	1089	$1,859	$1.71	14d	10	1.27mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	23d	4	1.32mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,728	$3.09	14d	12	1.34mi
1868 SW Palm City Rd Apt 202 Stuart, FL	2.0	2.0	1191	$2,900	$2.43	23d	1	1.36mi
1950 SW Palm City Rd Stuart, FL	2.0	2.0	1031	$3,150	$3.05	23d	3	1.38mi
1950 SW Palm City Rd Unit 4-4205 Stuart, FL	2.0	2.0	938	$2,400	$2.56	14d	1	1.38mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	23d	1	1.44mi
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	14d	3	1.45mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	14d	3	1.48mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	23d	1	1.50mi

Listing history 49 events

1. 2026-06-19
   price $288,000 Active 38 DOM
2. 2026-06-18
   days on market $294,000 Active 38 DOM
3. 2026-06-17
   days on market $294,000 Active 37 DOM
4. 2026-06-16
   days on market $294,000 Active 36 DOM
5. 2026-06-15
   days on market $294,000 Active 35 DOM
6. 2026-06-14
   days on market $294,000 Active 33 DOM
7. 2026-06-13
   days on market $294,000 Active 32 DOM
8. 2026-06-10
   pricedays on market $294,000 Active 30 DOM
9. 2026-06-09
   days on market $295,000 Active 29 DOM
10. 2026-06-08
    days on market $295,000 Active 28 DOM
11. 2026-06-07
    days on market $295,000 Active 27 DOM
12. 2026-06-03
    days on market $295,000 Active 23 DOM
13. 2026-06-02
    days on market $295,000 Active 22 DOM
14. 2026-06-01
    days on market $295,000 Active 21 DOM
15. 2026-05-31
    days on market $295,000 Active 20 DOM
16. 2026-05-31
    days on market $295,000 Active 19 DOM
17. 2026-05-11
    listed $295,000 Active 799-char remark
18. 2026-02-09
    soldstatus $110,000
19. 2017-12-28
    soldstatus $69,000
20. 2017-12-20
    soldstatus $69,000 Closed 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

21. 2017-12-12
    historical Contingent 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

22. 2017-11-22
    price $77,000 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

23. 2017-11-15
    status Active 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

24. 2017-11-10
    historical Contingent 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

25. 2017-10-30
    price $78,000 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

26. 2017-10-12
    listed $79,900 Active 185-char remark

    Show marketing remark (185 chars)

    Excellent Investment Opportunity for this 3BR 2BA Concrete Block Home, located minutes from park. Home features a Granite Kitchen and Fresh Paint on inside. A lot of home for the money!

27. 2017-09-28
    historical
28. 2017-09-27
    status Active
29. 2017-09-04
    historical Contingent
30. 2017-07-20
    status Active
31. 2017-07-14
    historical Contingent
32. 2017-07-12
    status Active
33. 2017-07-06
    historical Contingent
34. 2017-06-26
    listed $89,900 Active
35. 2015-04-17
    historical
36. 2015-03-18
    status Active
37. 2015-03-16
    historical Contingent
38. 2015-03-05
    price $50,000
39. 2014-12-16
    historical
40. 2014-11-17
    listed $54,900 Active
41. 2014-09-28
    historical
42. 2014-05-31
    listed $65,000
43. 2013-09-28
    listed $69,000
44. 2013-04-04
    soldstatus $29,500
45. 2013-03-29
    historical
46. 2012-11-07
    listed $32,900
47. 2012-10-22
    historical
48. 2012-09-17
    listed $39,000
49. 2004-05-05
    soldstatus $80,000

ⓘ 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: $2,229 · $186/mo
• Projected year-2 tax: $2,390 · $199/mo
• Expected delta: +$162/yr (+$13/mo · 7.2%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,291
• − Mortgage interest: −$16,132
• − Property taxes: −$2,229
• − Insurance: −$1,440
• − Repairs & maintenance: −$2,743
• − Management: −$2,743
• − Depreciation: −$8,378
• Taxable income: $625
• Est. tax owed @ 24.0%: −$150
• After-tax cash flow: $5,147/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 — 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 · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 2% 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: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• 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

+267.5% since first listed

34 events — show timeline

• 2026-06-09 Price Changed $294,000 Beaches MLS
• 2026-05-11 Listed $295,000 Beaches MLS
• 2026-02-09 Sold (Public Records) $110,000 Public Records
• 2017-12-28 Sold (Public Records) $69,000 Public Records
• 2017-12-20 Sold (MLS) $69,000 Beaches MLS
• 2017-12-12 Contingent — Beaches MLS
• 2017-11-22 Price Changed $77,000 Beaches MLS
• 2017-11-15 Relisted — Beaches MLS
• 2017-11-10 Contingent — Beaches MLS
• 2017-10-30 Price Changed $78,000 Beaches MLS
• 2017-10-12 Listed $79,900 Beaches MLS
• 2017-09-28 Listing Removed — Beaches MLS
• 2017-09-27 Relisted — Beaches MLS
• 2017-09-04 Contingent — Beaches MLS
• 2017-07-20 Relisted — Beaches MLS
• 2017-07-14 Contingent — Beaches MLS
• 2017-07-12 Relisted — Beaches MLS
• 2017-07-06 Contingent — Beaches MLS
• 2017-06-26 Listed $89,900 Beaches MLS
• 2015-04-17 Listing Removed — Beaches MLS
• 2015-03-18 Relisted — Beaches MLS
• 2015-03-16 Contingent — Beaches MLS
• 2015-03-05 Price Changed $50,000 Beaches MLS
• 2014-12-16 Listing Removed — Beaches MLS
• 2014-11-17 Listed $54,900 Beaches MLS
• 2014-09-28 Listing Removed — MCRTC
• 2014-05-31 Listed $65,000 Beaches MLS
• 2013-09-28 Listed $69,000 MCRTC
• 2013-04-04 Sold (MLS) $29,500 Beaches MLS
• 2013-03-29 Listing Removed — Beaches MLS
• 2012-11-07 Listed $32,900 Beaches MLS
• 2012-10-22 Listing Removed — Beaches MLS
• 2012-09-17 Listed $39,000 Beaches MLS
• 2004-05-05 Sold (Public Records) $80,000 Public Records

Property tax history

+11.5%/yr

Latest (2025): $2,229 · +4.1% YoY. Source: county tax records.