7990 129th Pl · Roseland, FL 32958

$290,000

3 bd · 2.0 ba · 1,848 sqft · Manufactured public records · 179 Days on market

Built 1990 0.46 ac lot Est $298k · at est.

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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 +19.1/30.0
• ARV discount +8.6/15.0
• DSCR +6.0/10.0
• 1% rule +4.6/10.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

Key facts

• Fresh paint
• New flooring
• New water heater

Tags

• NEW ROOF
• NEW A/C
• NEW WATER HEATER
• NEW SEPTIC TANK
• NEW FLOORING
• FRESH PAINT

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Utilities: Well water; Septic tank; Three-phase electric; Cable available; Water available
• Home design: Manufactured home; Single-story; Faces southwest; Resale condition
• Construction: Frame construction
• Exterior features: Lot dimensions approximately 155 ft x 130 ft; Not waterfront

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms (both on main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom layout; Unfurnished
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $290k.

Deal economics

• At list price, monthly cash flow is $310 ($4k/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 $280k (3.5% below list).
• Recommended offer: $255k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#203 in FL, #3,162 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: employment C-, 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.
• Zoned schools: Sebastian Elementary School (math 37% / reading 42%, grade F, #1,513 of 2,144 statewide, top 73%, 329 students, 72% FRL); Sebastian River Middle School (math 46% / reading 44%, grade D, #310 of 571 statewide, top 56%, 862 students, 65% FRL); Sebastian River High School (math 29% / reading 45%, grade F, #340 of 667 statewide, top 52%, 1,843 students, 52% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 412 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• At $2,798/mo this rent would consume 50% of the median local household income ($67k/yr) (locally 646% 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.
• 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 179 days — a 12% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $186k; list at $290k implies a 56% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $255,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 179 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.96% ✗
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $297,528
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12696 80th Ave	0.35mi	3/2.0	1,920 (+4%)	13mo	$292,000	$152	66
7440 129th Ln	0.72mi	3/2.0	1,922 (+4%)	11mo	$310,000	$161	50

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 · 6.22% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.78×
• Total profit: $-17,881
• Equity at exit: $43,240

10-year hold

• IRR: 7.3%
• Equity multiple: 1.63×
• Total profit: $50,836
• Equity at exit: $25,074

Cash invested: $81,200 (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 32958

• Home prices YoY: -13.1%
• Rents YoY: 6.2%
• Active inventory: 412
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,798 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$259 /mo · $3,103/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $310

Break-even live

Break-even rent $2,405

Max offer price $290,000

Occupancy floor 84%

Sensitivity live

Price	-10% $475	-5% $393	+0% $310	+5% $228	+10% $146
Rent	-10% $89	-5% $200	+0% $310	+5% $421	+10% $532
Rate	-1.0pp $457	-0.5pp $384	base $310	+0.5pp $235	+1.0pp $159

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12906 83rd Ave Sebastian, FL	3.0	2.0	1230	$2,900	$2.36	21d	1	0.42mi
13570 Westport Dr #105 Sebastian, FL	3.0	2.0	1261	$2,500	$1.98	21d	1	0.91mi
7989 143rd St Sebastian, FL	2.0	2.0	1687	$3,000	$1.78	21d	1	1.03mi

Listing history 28 events

1. 2026-06-19
   days on market $290,000 Active 179 DOM
2. 2026-06-18
   days on market $290,000 Active 178 DOM
3. 2026-06-17
   days on market $290,000 Active 177 DOM
4. 2026-06-16
   days on market $290,000 Active 176 DOM
5. 2026-06-15
   days on market $290,000 Active 175 DOM
6. 2026-06-14
   days on market $290,000 Active 173 DOM
7. 2026-06-13
   days on market $290,000 Active 172 DOM
8. 2026-06-10
   days on market $290,000 Active 170 DOM
9. 2026-06-09
   days on market $290,000 Active 169 DOM
10. 2026-06-08
    days on market $290,000 Active 168 DOM
11. 2026-06-07
    days on market $290,000 Active 167 DOM
12. 2026-06-05
    days on market $290,000 Active 164 DOM
13. 2026-06-02
    days on market $290,000 Active 162 DOM
14. 2026-06-01
    days on market $290,000 Active 161 DOM
15. 2026-05-31
    days on market $290,000 Active 160 DOM
16. 2026-05-30
    days on market $290,000 Active 159 DOM
17. 2026-01-30
    price $290,000
18. 2025-12-22
    listed $320,000 Active
19. 2022-05-31
    soldstatus $186,000
20. 2022-05-30
    soldstatus $186,000 Closed 318-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

21. 2022-05-30
    soldstatus $186,000 Closed 319-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

22. 2022-05-30
    soldstatus $186,000 Closed

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

23. 2022-04-30
    historical Active Under Contract 318-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

24. 2022-04-30
    historical Backups 319-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

25. 2022-04-30
    historical Active Under Contract

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

26. 2022-04-21
    listed $175,000 Active 318-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

27. 2022-04-21
    listed $175,000 Active 319-char remark

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

28. 2022-04-21
    listed $175,000 Active

    Show marketing remark (319 chars)

    Great 3bed 2bath starter home with ample room and almost HALF ACRE lot! Large Kitchen with updated appliances. Large bedrooms with walk in closets! Screened porch, metal roof, and 3 Storage Sheds. Oversized carport you could fit your boat in with room for cars as well. Needs TLC like new carpets and roof leak repair!

ⓘ 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: $3,103 · $259/mo
• Projected year-2 tax: $3,103 · $259/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 ≥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: $33,580
• − Mortgage interest: −$16,245
• − Property taxes: −$3,103
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,686
• − Management: −$2,686
• − Depreciation: −$8,436
• Taxable loss: −$1,027
• Est. tax savings @ 24.0%: +$246
• After-tax cash flow: $3,972/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 — Roseland

• Score: 77/100
• State rank: #203
• US rank: #3162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roseland, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 30,023
• Household income: $66,840
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 646.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 7% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 3%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -49.85%
• Current HPI: 330.1691
• Rent YoY: ▲ 6.22%
• 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

+65.7% since first listed

12 events — show timeline

• 2026-01-30 Price Changed $290,000 Beaches MLS
• 2025-12-22 Listed $320,000 Beaches MLS
• 2022-05-31 Sold (Public Records) $186,000 Public Records
• 2022-05-30 Sold (MLS) $186,000 RAIRCMLS
• 2022-05-30 Sold (MLS) $186,000 SCMLS
• 2022-05-30 Sold (MLS) $186,000 Beaches MLS
• 2022-04-30 Contingent — Beaches MLS
• 2022-04-30 Contingent — SCMLS
• 2022-04-30 Contingent — RAIRCMLS
• 2022-04-21 Listed $175,000 RAIRCMLS
• 2022-04-21 Listed $175,000 SCMLS
• 2022-04-21 Listed $175,000 Beaches MLS

Property tax history

+17.5%/yr

Latest (2025): $3,103 · +7.3% YoY. Source: county tax records.