268 SW Lucero Dr · Port St. Lucie, FL 34983

$269,900

2 bd · 2.0 ba · 894 sqft · SingleFamily public records · 39 Days on market

Built 1973 10,745 sqft lot Est $266k · at est.

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Why this score? — see what drove the D- 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 +12.8/30.0
• ARV discount +6.8/15.0
• DSCR +3.8/10.0
• Schools +3.7/10.0
• 1% rule +2.9/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute 2/2/1 is a perfect starter home or investment property in the middle of Port St Lucie. Close to everything. .. parks, shopping, restaurants, a new library coming soon. Florida room was enclosed to add almost 300 SF to living sf. Hurricane/Impact windows installed in 2024. CBS Construction. AC & pest service done regularly. Big fenced back yard has plenty of room for a pool. Sold AS-IS. All sizes approx. Buyer/Buyer's agent to verify. Magnolia Tree in backyard does not convey.

Key facts

• Room for a pool
• Fenced back yard
• Investment property

Tags

• INVESTMENT PROPERTY
• FLORIDA ROOM
• HURRICANE IMPACT WINDOWS
• CBS CONSTRUCTION
• FENCED BACK YARD
• ROOM FOR A POOL

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Attached garage (1 space); Covered parking (1 space); Two open parking spaces; Driveway
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Cable available; Water and sewer connected
• Home design: Single-family residence; One-story; Resale property; Faces north; City street frontage
• Construction: Stucco and CBS construction; Shingle roof; Built on concrete foundation
• Exterior features: Screened patio; Open porch; Patio; Porch; Back yard fencing with chain link, full fence and gate; Room for pool; Sidewalks; Asphalt road frontage; Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: Two main-level bedrooms
• Flooring: Carpet; Concrete; Ceramic tile; Laminate; Tile; Wood
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Bedroom layout is stacked; Storm windows
• Laundry & utility: Inside laundry room with washer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-23 ($-273/yr) — negative.
• To cash-flow at today's rent, offer at most $266k (1.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (21.1% below list).
• Recommended offer: $213k (21.1% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.9% in Port St. Lucie — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.5%/yr); 358 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 34% of the median local income ($75k/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 $8k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y 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 $88k; list at $270k implies a 207% 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 $212,931 (21.1% 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 39 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.79% ✗
• Cap rate: 6.19%
• Cash-on-cash: -0.36%
• DSCR: 0.98
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $265,518
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
749 SW Broadview St	0.40mi	2/2.0	894 (0%)	7mo	$282,000	$315	76
874 SW Goodrich St	0.32mi	2/2.0	942 (+5%)	3mo	$310,000	$329	74
879 SW Goodrich St	0.35mi	2/2.0	894 (0%)	19mo	$235,000	$263	68
285 SW Reynolds Ave	0.31mi	2/1.5	900 (+1%)	18mo	$300,000	$333	67
310 SE Calmoso Dr	0.67mi	2/2.0	894 (0%)	3mo	$200,000	$224	66
150 SW Lakehurst Dr	0.41mi	2/1.0	912 (+2%)	14mo	$170,000	$186	62
140 SE Duxbury Ave	0.64mi	2/2.0	888 (-1%)	11mo	$280,000	$315	60
318 NW Byron St	0.73mi	2/2.0	905 (+1%)	12mo	$268,900	$297	54
495 SE Airoso Blvd	0.27mi	2/2.0	1,002 (+12%)	16mo	$265,000	$264	54
520 NW Azalea Ave	0.69mi	2/2.0	960 (+7%)	4mo	$317,500	$331	53
325 SE Bayview Ter	0.72mi	2/2.0	1,000 (+12%)	11mo	$270,000	$270	38
150 SE Dwight Ave	0.69mi	2/2.0	1,025 (+15%)	15mo	$289,900	$283	31

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 · 1.53% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.36×
• Total profit: $-48,355
• Equity at exit: $40,243

10-year hold

• IRR: -13.8%
• Equity multiple: 0.25×
• Total profit: $-56,609
• Equity at exit: $23,336

Cash invested: $75,572 (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 34983

• Home prices YoY: -33.9%
• Rents YoY: 1.5%
• Active inventory: 358
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,129 high
• Mortgage (P&I): −$1,415
• Tax from tax record: −$177 /mo · $2,125/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $-23

Break-even live

Break-even rent $2,158

Max offer price $265,880

Occupancy floor 96%

Sensitivity live

Price	-10% $130	-5% $54	+0% $-23	+5% $-99	+10% $-176
Rent	-10% $-191	-5% $-107	+0% $-23	+5% $61	+10% $145
Rate	-1.0pp $113	-0.5pp $46	base $-23	+0.5pp $-93	+1.0pp $-164

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
491 SW Curtis St Port Saint Lucie, FL	1.0	1.0	750	$1,800	$2.40	24d	1	0.12mi
738 SW Ravenswood Ln Port St Lucie, FL	2.0	2.0	894	$2,100	$2.35	22d	1	0.22mi
213 NE Prima Vista Blvd Port Saint Lucie, FL	2.0	1.0	1012	$2,000	$1.98	24d	1	0.69mi
554 SW Lakehurst Dr Port Saint Lucie, FL	3.0	2.0	1054	$2,100	$1.99	14d	1	0.74mi
1189 SW Broadview St Port Saint Lucie, FL	2.0	2.0	988	$2,200	$2.23	14d	1	0.77mi
325 NW Ferris Dr Port Saint Lucie, FL	2.0	2.0	1100	$1,900	$1.73	14d	1	0.92mi
367 NW Aurora St Port Saint Lucie, FL	2.0	1.0	940	$2,050	$2.18	14d	1	1.16mi
1382 SE Sandia Dr Port Saint Lucie, FL	2.0	1.0	945	$1,000	$1.06	24d	1	1.24mi
581 NW Cornell Ave Port Saint Lucie, FL	3.0	2.0	1035	$2,600	$2.51	24d	1	1.41mi
434 SW Whitmore Dr Port Saint Lucie, FL	1.0	1.0	750	$2,150	$2.87	24d	1	1.50mi

Listing history 14 events

1. 2026-06-18
   days on market $269,900 Active 39 DOM
2. 2026-06-17
   days on market $269,900 Active 38 DOM
3. 2026-06-16
   days on market $269,900 Active 37 DOM
4. 2026-06-15
   days on market $269,900 Active 36 DOM
5. 2026-06-14
   status $269,900 Active 34 DOM
6. 2026-06-07
   statusdays on market $269,900 Pending 34 DOM
7. 2026-06-05
   status $269,900 Active 33 DOM
8. 2026-05-04
   listed $269,900 Active 496-char remark

   Show marketing remark (496 chars)

   This cute 2/2/1 is a perfect starter home or investment property in the middle of Port St Lucie. Close to everything. .. parks, shopping, restaurants, a new library coming soon. Florida room was enclosed to add almost 300 SF to living sf. Hurricane/Impact windows installed in 2024. CBS Construction. AC & pest service done regularly. Big fenced back yard has plenty of room for a pool. Sold AS-IS. All sizes approx. Buyer/Buyer's agent to verify. Magnolia Tree in backyard does not convey.

9. 2026-04-25
   listed $269,900 Active
10. 2003-07-25
    soldstatus $88,000
11. 2003-07-21
    soldstatus $88,000 203-char remark

    Show marketing remark (203 chars)

    CBS CONSTRUCTION. CITY WATER, CITY SEWER, NATURAL GAS, SIDEWALKS, STREET LIGHTS, FENCED YARD. DIAGONALLY LAID TILE IN LIVING AREAS. FL RM WITH LOTS OF WINDOWS TO HUGE,LUSH YARD.SELLER IS LICENSED REALTOR

12. 2003-06-12
    historical 203-char remark

    Show marketing remark (203 chars)

    CBS CONSTRUCTION. CITY WATER, CITY SEWER, NATURAL GAS, SIDEWALKS, STREET LIGHTS, FENCED YARD. DIAGONALLY LAID TILE IN LIVING AREAS. FL RM WITH LOTS OF WINDOWS TO HUGE,LUSH YARD.SELLER IS LICENSED REALTOR

13. 2003-05-28
    listed $91,500 203-char remark

    Show marketing remark (203 chars)

    CBS CONSTRUCTION. CITY WATER, CITY SEWER, NATURAL GAS, SIDEWALKS, STREET LIGHTS, FENCED YARD. DIAGONALLY LAID TILE IN LIVING AREAS. FL RM WITH LOTS OF WINDOWS TO HUGE,LUSH YARD.SELLER IS LICENSED REALTOR

14. 1991-10-18
    soldstatus $45,000

ⓘ 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: $2,125 · $177/mo
• Projected year-2 tax: $2,240 · $187/mo
• Expected delta: +$115/yr (+$10/mo · 5.4%)

ⓘ 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 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,552
• − Mortgage interest: −$15,119
• − Property taxes: −$2,125
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,044
• − Management: −$2,044
• − Depreciation: −$7,852
• Taxable loss: −$4,981
• Est. tax savings @ 24.0%: +$1,195
• After-tax cash flow: $922/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: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Port St. Lucie, FL
• County: Saint Lucie County · 337,150 people
• City population: 221,051
• Metro: Port St. Lucie, FL
• Population (ZIP): 49,001
• Household income: $75,489
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 843.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 51% Hispanic / Latino 23% Black 18% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 9% Cuban 3%
• Common ancestry: Hispanic 3% Romanian 2% Italian 1%
• Foreign-born: 19% · Canada, Guatemala, Jamaica
• Languages at home: 74% English-only · Spanish 15% French/Haitian/Cajun 4% Other Indo-European 2%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -209.28%
• Current HPI: 407.6341
• Rent YoY: ▲ 1.53%
• 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

+499.8% since first listed

7 events — show timeline

• 2026-05-04 Listed $269,900 SCMLS
• 2026-04-25 Listed $269,900 Beaches MLS
• 2003-07-25 Sold (Public Records) $88,000 Public Records
• 2003-07-21 Sold (MLS) $88,000 Beaches MLS
• 2003-06-12 Listing Removed — Beaches MLS
• 2003-05-28 Listed $91,500 Beaches MLS
• 1991-10-18 Sold (Public Records) $45,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,125 · +4.0% YoY. Source: county tax records.