196 NE Emerald Dr · Jensen Beach, FL 34957

$80,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured · 139 Days on market

Built 1978 Good condition $69/sqft · 8% above area Est $74k · 8% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• ARV discount +3.9/15.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW AC, new dishwasher and new washer. Comes with a separate golf cart entrance. Large Florida room with its own AC system. Incredible value for this remodeled home. Lot rent is $805 per month and includes the amenities of the clubhouse, trash removal, recycling and basic cable package. Schedule your tour today and start enjoying the Florida lifestyle.

Key facts

• Golf cart entrance
• Florida room
• Clubhouse amenities

Tags

• GOLF CART ENTRANCE
• FLORIDA ROOM
• REMODELED HOME
• CLUBHOUSE AMENITIES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $80k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.3% vs local median 4.1% in Jensen 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 70/100 on livability (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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 rising (+1.0%/yr); 536 active listings in the ZIP; 28 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).
• This rent runs 38% of the median local income ($70k/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 $553 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 6y 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 $68k; 18% 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 $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 B-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?
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: 2.77% ✓
• Cap rate: 24.26%
• Cash-on-cash: 64.15%
• DSCR: 3.85
• GRM: 3.0

CMA / ARV

• ARV (median comp): $74,118
• List price: $80,000
• Delta: 7.94%
• Verdict: FAIR
• Comps: 10 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
151 Sharyon Ln	0.22mi	2/2.0	1,152 (0%)	4mo	$89,000	$77	87
4 N North Warner Dr	0.30mi	2/2.0	1,152 (0%)	1mo	$62,500	$54	85
309 NE Pinelake Village Blvd	0.17mi	2/2.0	1,100 (-4%)	0mo	$95,000	$86	84
434 NE Topaz Ter	0.29mi	2/2.0	1,152 (0%)	6mo	$50,000	$43	82
300 NE Opal Dr	0.19mi	2/2.0	1,080 (-6%)	9mo	$79,000	$73	73
75 S Warner Dr	0.26mi	2/2.0	1,200 (+4%)	14mo	$49,900	$42	70
609 Garden Vw	0.25mi	2/2.0	1,016 (-12%)	16mo	$89,000	$88	56

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 61.0%
• Equity multiple: 3.63×
• Total profit: $58,967
• Equity at exit: $11,928

10-year hold

• IRR: 64.9%
• Equity multiple: 6.91×
• Total profit: $132,459
• Equity at exit: $6,917

Cash invested: $22,400 (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.

Methodology + full state rankings →

ZIP-level market 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,216 high
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $1,197

Break-even live

Break-even rent $700

Max offer price $80,000

Occupancy floor 41%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	23d	1	0.18mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	14d	1	0.21mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	14d	1	0.23mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	23d	1	0.30mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	23d	1	0.37mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	14d	1	0.38mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	23d	1	0.38mi
1550 NE 13th Ter Unit B16 Jensen Beach, FL	2.0	2.0	1272	$1,800	$1.42	23d	1	0.42mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	23d	1	0.47mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	23d	1	0.82mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	23d	1	0.84mi
590 NE Lima Vias Jensen Beach, FL	2.0	2.0	1295	$3,300	$2.55	23d	1	0.84mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	23d	1	0.85mi
2831 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1248	$3,000	$2.40	23d	1	0.88mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	14d	27	0.89mi
1903 NE Media Ave Jensen Beach, FL	2.0	2.0	1324	$2,400	$1.81	23d	1	0.94mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	23d	1	0.95mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	14d	1	0.96mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	23d	1	0.98mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	23d	1	0.99mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	23d	1	0.99mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	14d	1	1.09mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	23d	1	1.10mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	23d	1	1.11mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	23d	1	1.12mi
25 NE 17th St Stuart, FL	3.0	2.0	990	$2,000	$2.02	23d	1	1.26mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	23d	1	1.37mi
1398 NW Cavendish Ct Stuart, FL	2.0–3.0	2.5	1242	$2,393	$1.93	21d	11	1.42mi

Listing history 38 events

1. 2026-06-18
   days on market $80,000 Active 139 DOM
2. 2026-06-17
   days on market $80,000 Active 138 DOM
3. 2026-06-16
   days on market $80,000 Active 137 DOM
4. 2026-06-15
   days on market $80,000 Active 136 DOM
5. 2026-06-14
   days on market $80,000 Active 134 DOM
6. 2026-06-13
   days on market $80,000 Active 133 DOM
7. 2026-06-10
   days on market $80,000 Active 131 DOM
8. 2026-06-09
   days on market $80,000 Active 130 DOM
9. 2026-06-08
   days on market $80,000 Active 129 DOM
10. 2026-06-07
    days on market $80,000 Active 128 DOM
11. 2026-06-03
    days on market $80,000 Active 124 DOM
12. 2026-06-02
    days on market $80,000 Active 123 DOM
13. 2026-06-01
    days on market $80,000 Active 122 DOM
14. 2026-05-31
    days on market $80,000 Active 121 DOM
15. 2026-05-31
    days on market $80,000 Active 120 DOM
16. 2026-05-05
    status Active 363-char remark

    Show marketing remark (363 chars)

    BRAND NEW AC, new dishwasher and new washer. Comes with a separate golf cart entrance. Large Florida room with its own AC system. Incredible value for this remodeled home. Lot rent is $805 per month and includes the amenities of the clubhouse, trash removal, recycling and basic cable package. Schedule your tour today and start enjoying the Florida lifestyle.

17. 2026-04-30
    historical 363-char remark

    Show marketing remark (363 chars)

    BRAND NEW AC, new dishwasher and new washer. Comes with a separate golf cart entrance. Large Florida room with its own AC system. Incredible value for this remodeled home. Lot rent is $805 per month and includes the amenities of the clubhouse, trash removal, recycling and basic cable package. Schedule your tour today and start enjoying the Florida lifestyle.

18. 2026-01-25
    listed $80,000 Active 363-char remark

    Show marketing remark (363 chars)

    BRAND NEW AC, new dishwasher and new washer. Comes with a separate golf cart entrance. Large Florida room with its own AC system. Incredible value for this remodeled home. Lot rent is $805 per month and includes the amenities of the clubhouse, trash removal, recycling and basic cable package. Schedule your tour today and start enjoying the Florida lifestyle.

19. 2025-12-10
    soldstatus $68,000 Closed 494-char remark

    Show marketing remark (494 chars)

    You gotta check this one out! BRAND NEW AC, new dishwasher and new washer! Beautiful open living area with a huge workshop and room for the golfcart. Newer flooring, remodeled bathrooms and roof is only 4 years old. Pinelake Village is an active 55+ community located in Jensen Beach. Lot rent is only $765 per month which includes cable, trash removal, recycling and all the amenities of the clubhouse. Schedule your private tour today and discover the lifestyle you've been dreaming of!

20. 2025-11-20
    status Pending 494-char remark

    Show marketing remark (494 chars)

    You gotta check this one out! BRAND NEW AC, new dishwasher and new washer! Beautiful open living area with a huge workshop and room for the golfcart. Newer flooring, remodeled bathrooms and roof is only 4 years old. Pinelake Village is an active 55+ community located in Jensen Beach. Lot rent is only $765 per month which includes cable, trash removal, recycling and all the amenities of the clubhouse. Schedule your private tour today and discover the lifestyle you've been dreaming of!

21. 2025-10-17
    price $79,000 494-char remark

    Show marketing remark (494 chars)

    You gotta check this one out! BRAND NEW AC, new dishwasher and new washer! Beautiful open living area with a huge workshop and room for the golfcart. Newer flooring, remodeled bathrooms and roof is only 4 years old. Pinelake Village is an active 55+ community located in Jensen Beach. Lot rent is only $765 per month which includes cable, trash removal, recycling and all the amenities of the clubhouse. Schedule your private tour today and discover the lifestyle you've been dreaming of!

22. 2025-07-14
    price $91,000 494-char remark

    Show marketing remark (494 chars)

    You gotta check this one out! BRAND NEW AC, new dishwasher and new washer! Beautiful open living area with a huge workshop and room for the golfcart. Newer flooring, remodeled bathrooms and roof is only 4 years old. Pinelake Village is an active 55+ community located in Jensen Beach. Lot rent is only $765 per month which includes cable, trash removal, recycling and all the amenities of the clubhouse. Schedule your private tour today and discover the lifestyle you've been dreaming of!

23. 2024-12-10
    listed $95,000 Active 494-char remark

    Show marketing remark (494 chars)

    You gotta check this one out! BRAND NEW AC, new dishwasher and new washer! Beautiful open living area with a huge workshop and room for the golfcart. Newer flooring, remodeled bathrooms and roof is only 4 years old. Pinelake Village is an active 55+ community located in Jensen Beach. Lot rent is only $765 per month which includes cable, trash removal, recycling and all the amenities of the clubhouse. Schedule your private tour today and discover the lifestyle you've been dreaming of!

24. 2024-12-08
    historical
25. 2024-06-10
    listed $98,500 Active
26. 2022-09-14
    soldstatus $69,900 Closed
27. 2022-07-30
    status Pending
28. 2022-07-13
    status Active
29. 2022-07-11
    price $69,900
30. 2022-07-11
    historical
31. 2022-06-06
    status Active
32. 2022-04-11
    historical Active Under Contract
33. 2022-03-21
    price $74,900
34. 2022-03-10
    price $79,900
35. 2022-02-04
    listed $85,000 Active
36. 2020-08-19
    soldstatus $40,740 Closed
37. 2020-07-15
    status Pending
38. 2020-06-26
    listed $42,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $26,588
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$2,127
• − Management: −$2,127
• − Depreciation: −$2,327
• Taxable income: $13,925
• Est. tax owed @ 24.0%: −$3,342
• After-tax cash flow: $11,028/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 · 12 photos

Good 75/100 Cosmetic rehab

This remodeled mobile home is in good condition with recent updates, including new AC, dishwasher, and washer. It offers a good balance of curb appeal and interior comfort, making it a solid investment.

Value-add opportunities

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both landscape and add curb appeal — improved landscaping enhances curb appeal and property value
• Both replace awnings — new awnings improve curb appeal and provide shade

Renovation cost estimate screening

Value-add ROI direction

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both landscape and add curb appeal — improved landscaping enhances curb appeal and property value ↑
• Both replace awnings — new awnings improve curb appeal and provide shade ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

+90.5% since first listed

23 events — show timeline

• 2026-05-05 Relisted — Beaches MLS
• 2026-04-30 Listing Removed — Beaches MLS
• 2026-01-25 Listed $80,000 Beaches MLS
• 2025-12-10 Sold (MLS) $68,000 Beaches MLS
• 2025-11-20 Pending — Beaches MLS
• 2025-10-17 Price Changed $79,000 Beaches MLS
• 2025-07-14 Price Changed $91,000 Beaches MLS
• 2024-12-10 Listed $95,000 Beaches MLS
• 2024-12-08 Listing Removed — Beaches MLS
• 2024-06-10 Listed $98,500 Beaches MLS
• 2022-09-14 Sold (MLS) $69,900 Beaches MLS
• 2022-07-30 Pending — Beaches MLS
• 2022-07-13 Relisted — Beaches MLS
• 2022-07-11 Listing Removed — Beaches MLS
• 2022-07-11 Price Changed $69,900 Beaches MLS
• 2022-06-06 Relisted — Beaches MLS
• 2022-04-11 Contingent — Beaches MLS
• 2022-03-21 Price Changed $74,900 Beaches MLS
• 2022-03-10 Price Changed $79,900 Beaches MLS
• 2022-02-04 Listed $85,000 Beaches MLS
• 2020-08-19 Sold (MLS) $40,740 Beaches MLS
• 2020-07-15 Pending — Beaches MLS
• 2020-06-26 Listed $42,000 Beaches MLS