1334 Coral Park Ln · Wabasso Beach, FL 32963

$375,000

2 bd · 2.0 ba · 1,551 sqft · Other · 1 Days on market

Built 1987

---

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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Rent growth +5.0/5.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

It& apos; s all about life style. Walk across the street to your DEED BEACH ACCESS and take a walk on the beach. Single story villa, 2 suites, screened porch. Rare, corner unit allows views of lush vegetation outside of your lanai. Located in a small tranquil tree-lined, gated community with a large clubhouse with gym, heated pool, tennis courts. Furniture is included - most was brand new in 2020, new washer & amp; dryer in 2023. Pets under 30lb allowed, but this condo did not have pets for those worried about allergies. What more could you ask for? Just bring your tooth brush and enjoy.

Key facts

• Gated community
• Screened porch
• Corner unit

Tags

• DEED BEACH ACCESS
• SCREENED PORCH
• CORNER UNIT
• GATED COMMUNITY
• LARGE CLUBHOUSE
• GYM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $375k.

Deal economics

• At list price, monthly cash flow is $926 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $375k).
• Cap rate 9.5% vs local median 1.8% in Wabasso Beach — 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 63/100 on livability (#712 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A-; Watch: amenities F, commute F, cost of living 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 (+11.0%/yr); 498 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 36% of the median local income ($150k/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 $3k of loan paydown is wiped out by about $11k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $105k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

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

Recommended offer $375,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.21% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.35%
• DSCR: 1.50
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.2%
• Equity multiple: 1.21×
• Total profit: $22,330
• Equity at exit: $55,914

10-year hold

• IRR: 18.8%
• Equity multiple: 2.95×
• Total profit: $205,008
• Equity at exit: $32,423

Cash invested: $105,000 (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 32963

• Rents YoY: 11.0%
• Active inventory: 498
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $4,537 medium
• Mortgage (P&I): −$1,967
• Tax est. 1.5%: −$469 /mo · $5,625/yr
• Insurance: −$156
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$953
• Net cashflow: $926

Break-even live

Break-even rent $3,365

Max offer price $375,000

Occupancy floor 75%

Sensitivity live

Price	-10% $1,186	-5% $1,056	+0% $926	+5% $797	+10% $667
Rent	-10% $568	-5% $747	+0% $926	+5% $1,106	+10% $1,285
Rate	-1.0pp $1,115	-0.5pp $1,022	base $926	+0.5pp $829	+1.0pp $730

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1304 Coral Park Ln #102 Vero Beach, FL	2.0	2.5	1665	$4,000	$2.40	22d	1	0.04mi
1506 Coral Oak Ln #1303 Vero Beach, FL	2.0	2.5	1665	$3,000	$1.80	22d	1	0.04mi
8829 Lakeside Cir Vero Beach, FL	3.0	2.5	1819	$12,000	$6.60	14d	1	0.21mi
8823 Lakeside Cir Vero Beach, FL	2.0	2.0	1666	$11,000	$6.60	14d	1	0.23mi
8880 N Sea Oaks Way Vero Beach, FL	2.0–3.0	2.0–2.5	1801	$12,000	$6.66	14d	4	0.26mi
8859 Lakeside Cir Vero Beach, FL	3.0	3.5	2249	$13,000	$5.78	22d	1	0.26mi
8870 N Sea Oaks Way #306 Vero Beach, FL	3.0	2.5	1993	$15,000	$7.53	22d	1	0.28mi
8785 Lakeside Blvd Vero Beach, FL	3.0	2.0	1666	$12,500	$7.50	22d	1	0.30mi
1315 Palmetto Ct #111 Vero Beach, FL	2.0	2.5	1350	$12,000	$8.89	22d	1	0.30mi
8860 N Sea Oaks Way #105 Vero Beach, FL	3.0	2.5	2049	$16,000	$7.81	22d	1	0.33mi
8866 N Sea Oaks Way Vero Beach, FL	3.0	2.5	2049	$15,500	$7.56	22d	2	0.33mi
1415 Winding Oaks Cir W Unit A504 Vero Beach, FL	2.0	2.0	1337	$8,500	$6.36	22d	1	0.34mi
1415 Winding Oaks Cir W Unit A503 Vero Beach, FL	3.0	2.0	1440	$11,000	$7.64	22d	1	0.34mi
1460 Winding Oaks Cir W Unit 104 Vero Beach, FL	2.0	2.0	1337	$9,000	$6.73	22d	1	0.34mi
1400 Winding Oaks Cir W Unit A404 Vero Beach, FL	2.0	2.0	1456	$10,000	$6.87	22d	1	0.37mi
1155 Winding Oaks Cir E #102 Vero Beach, FL	1.0	2.0	1150	$8,500	$7.39	14d	1	0.38mi
1385 Winding Oaks Cir W #702 Vero Beach, FL	2.0	2.0	1272	$7,500	$5.90	22d	1	0.38mi
1941 W Shell Ln Vero Beach, FL	2.0	2.0	1309	$6,800	$5.19	14d	1	0.39mi
1195 Winding Oaks Cir E #308 Vero Beach, FL	2.0	2.0	1225	$9,000	$7.35	22d	1	0.40mi
1881 E Barefoot Pl Vero Beach, FL	2.0	2.0	1675	$10,000	$5.97	22d	1	0.40mi
1175 Winding Oaks Cir E #201 Vero Beach, FL	2.0	2.0	1130	$7,500	$6.64	14d	1	0.40mi
1215 Winding Oaks Cir E #408 Vero Beach, FL	2.0	2.0	1130	$8,500	$7.52	22d	1	0.41mi
8755 Windy Oaks Ct Vero Beach, FL	3.0	2.5	2100	$13,000	$6.19	22d	1	0.41mi
8745 Lakeside Blvd #103 Vero Beach, FL	2.0	2.0	1198	$9,000	$7.51	22d	1	0.42mi
8840 S Sea Oaks Way Unit 207B Vero Beach, FL	2.0	2.0	1350	$11,000	$8.15	22d	1	0.42mi
8840 S Sea Oaks Way Vero Beach, FL	2.0	2.0	1350	$12,500	$9.26	22d	2	0.43mi
8735 Lakeside Blvd #210 Vero Beach, FL	3.0	2.5	1963	$12,000	$6.11	22d	1	0.43mi
1295 Winding Oaks Cir E #807 Vero Beach, FL	2.0	2.0	1130	$7,250	$6.42	22d	1	0.44mi
1295 Winding Oaks Cir E #808 Vero Beach, FL	2.0	2.0	1130	$8,500	$7.52	22d	1	0.44mi
1235 Winding Oaks Cir E #505 Vero Beach, FL	2.0	2.0	1220	$8,500	$6.97	22d	1	0.45mi
1275 Winding Oaks Cir E #706 Vero Beach, FL	2.0	2.0	1350	$8,500	$6.30	22d	1	0.47mi
8830 S Sea Oaks Way Vero Beach, FL	2.0	2.0	1350	$10,500	$7.78	14d	2	0.47mi
1255 Winding Oaks Cir E #608 Vero Beach, FL	2.0	2.0	1261	$8,000	$6.34	14d	1	0.47mi
8738 Lakeside Blvd Vero Beach, FL	3.0	2.5	1937	$13,500	$6.97	14d	1	0.47mi
9470 Doubloon Dr Vero Beach, FL	3.0	2.5	2150	$18,000	$8.37	22d	1	0.53mi
8820 S Sea Oaks Way #204 Vero Beach, FL	3.0	3.0	2026	$17,000	$8.39	22d	1	0.55mi
8820 S Sea Oaks Way #202 Vero Beach, FL	3.0	2.5	2026	$17,000	$8.39	22d	1	0.55mi
9315 E Maiden Ct Vero Beach, FL	2.0	2.0	1745	$6,500	$3.72	14d	1	0.59mi
1830 E Sandpiper Rd Vero Beach, FL	3.0	2.0	1620	$12,000	$7.41	22d	1	0.59mi
2135 S Maiden Ln Vero Beach, FL	3.0	2.0	1815	$4,800	$2.64	14d	1	0.61mi

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 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: $54,448
• − Mortgage interest: −$21,006
• − Property taxes: −$5,625
• − Insurance: −$2,672
• − Repairs & maintenance: −$4,356
• − Management: −$4,356
• − Depreciation: −$10,909
• Taxable income: $5,524
• Est. tax owed @ 24.0%: −$1,326
• After-tax cash flow: $9,792/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 — Wabasso Beach

• Score: 63/100
• State rank: #712
• US rank: #15157

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wabasso Beach, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 15,008
• Household income: $149,923
• Rent vs Own: 4.9% rent · 95.1% own
• Severe rent burden: 119.0

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 (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 5% Lithuanian 4% Italian 3%
• Foreign-born: 9% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 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: ▼ -180.47%
• Current HPI: 312.0326
• Rent YoY: ▲ 11.04%
• 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