14681 SW Divot Dr Unit A-11 · Indiantown, FL 34956

$69,500

2 bd · 2.0 ba · 1,680 sqft · Manufactured · 423 Days on market

Built 1988 Average condition 5,009 sqft lot $41/sqft · 196% above area $1354/mo HOA · 58% of rent ↓ 13% since listing

---

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 +14.2/30.0
• 1% rule +10.0/10.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• DSCR +4.3/10.0
• Livability +3.0/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

Key facts

• Laminate flooring
• New counter tops
• Large island kitchen

Tags

• LAMINATE FLOORING
• LARGE ISLAND KITCHEN
• NEW COUNTER TOPS
• RICH WOOD KITCHEN CABINETS
• SEPARATE LAUNDRY AREA
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $70k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $11 ($134/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#829 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• 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.
• Zoned schools: Warfield Elementary School (math 22% / reading 19%, grade F, #2,094 of 2,144 statewide, top 98%, 686 students, 79% FRL); Indiantown Middle School (math 42% / reading 29%, grade F, #414 of 571 statewide, top 73%, 646 students, 75% FRL); South Fork High School (math 36% / reading 48%, grade F, #275 of 667 statewide, top 42%, 1,810 students, 51% FRL) — zoned schools average 68% FRL vs 41% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 52% district-wide (-20 pts) — the specific schools serving this property underperform the Martin average; the district grade overstates school quality for this exact location.
• Market conditions: 136 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($481 loan paydown + $5k appreciation (6.7% local appreciation)).
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (6.7% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 423 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 58% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 423 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 3.36% ✓
• Cap rate: 6.49%
• Cash-on-cash: 0.69%
• DSCR: 1.03
• GRM: 2.5

CMA / ARV

• ARV (median comp): $23,450
• List price: $69,500
• Delta: 196.38%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16456 SW Three Wood Way	0.34mi	2/2.0	1,680 (0%)	4mo	$29,000	$17	81
16112 SW Indianwood Cir	0.32mi	2/2.0	1,712 (+2%)	3mo	$32,500	$19	80
15957 Indianwood Circle Cir	0.10mi	2/2.0	1,568 (-7%)	6mo	$26,000	$17	79
16477 SW Two Wood Way Way SW	0.34mi	2/2.0	1,680 (0%)	6mo	$28,000	$17	79
14621 SW Divot Dr Unit A-17	0.06mi	2/2.0	1,456 (-13%)	2mo	$25,000	$17	73
14581 Divot Dr SW	0.09mi	2/2.0	1,456 (-13%)	4mo	$32,000	$22	70
16448 SW Two Wood Way	0.34mi	3/2.0 (+1)	1,792 (+7%)	2mo	$30,000	$17	67
16222 SW Five Wood Way	0.26mi	2/2.0	1,456 (-13%)	1mo	$1,000	$1	65
16537 SW Two Wood Way	0.39mi	3/2.0 (+1)	1,792 (+7%)	2mo	$53,700	$30	64
16241 SW Sw Five Wood Way Unit J-15	0.29mi	2/2.0	1,456 (-13%)	2mo	$20,000	$14	62
16446 SW Three Wood Way	0.33mi	2/2.0	1,456 (-13%)	6mo	$20,000	$14	58
14389 SW Sand Wedge Dr	0.45mi	2/2.0	1,456 (-13%)	2mo	$34,000	$23	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.0%
• Equity multiple: 2.25×
• Total profit: $24,363
• Equity at exit: $46,583

10-year hold

• IRR: 17.8%
• Equity multiple: 4.71×
• Total profit: $72,225
• Equity at exit: $87,092

Cash invested: $19,460 (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 34956

• Home prices YoY: 1.2%
• Active inventory: 136
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $2,336 medium
• Mortgage (P&I): −$364
• Tax est. 1.5%: −$87 /mo · $1,042/yr
• Insurance: −$29
• HOA: −$1,354
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $11

Break-even live

Break-even rent $2,322

Max offer price $69,500

Occupancy floor 95%

Sensitivity live

Price	-10% $59	-5% $35	+0% $11	+5% $-13	+10% $-37
Rent	-10% $-173	-5% $-81	+0% $11	+5% $103	+10% $196
Rate	-1.0pp $46	-0.5pp $29	base $11	+0.5pp $-7	+1.0pp $-25

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: $17,375
• Closing costs: $2,085
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15817 SW Winter Rd Indiantown, FL	3.0	2.5	1428	$2,300	$1.61	15d	1	0.42mi
15760 SW Hammock Way Indiantown, FL	3.0–4.0	2.0–3.5	1918	$2,420	$1.26	0d	40	1.00mi

HOA detail

• Monthly dues: $1,354 · $16,248/yr

Listing history 21 events

1. 2026-06-21
   days on market $69,500 Active 423 DOM
2. 2026-06-18
   days on market $69,500 Active 420 DOM
3. 2026-06-17
   days on market $69,500 Active 419 DOM
4. 2026-06-16
   days on market $69,500 Active 418 DOM
5. 2026-06-15
   days on market $69,500 Active 417 DOM
6. 2026-06-14
   days on market $69,500 Active 415 DOM
7. 2026-06-13
   days on market $69,500 Active 414 DOM
8. 2026-06-10
   days on market $69,500 Active 412 DOM
9. 2026-06-09
   days on market $69,500 Active 411 DOM
10. 2026-06-08
    days on market $69,500 Active 410 DOM
11. 2026-06-07
    days on market $69,500 Active 409 DOM
12. 2026-06-03
    days on market $69,500 Active 405 DOM
13. 2026-06-02
    days on market $69,500 Active 404 DOM
14. 2026-06-01
    days on market $69,500 Active 403 DOM
15. 2026-05-31
    days on market $69,500 Active 402 DOM
16. 2026-05-31
    days on market $69,500 Active 401 DOM
17. 2026-03-04
    price $69,500 720-char remark

    Show marketing remark (720 chars)

    Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

18. 2026-02-11
    price $55,000 720-char remark

    Show marketing remark (720 chars)

    Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

19. 2025-10-01
    price $69,500 720-char remark

    Show marketing remark (720 chars)

    Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

20. 2025-10-01
    status Active 720-char remark

    Show marketing remark (720 chars)

    Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

21. 2025-02-18
    listed $79,500 Active 720-char remark

    Show marketing remark (720 chars)

    Furnished well maintained home with Laminate Flooring Throughout and carpet in bedrooms. This spacious floor plan allows for open living room area and dining room. A cozy family room area off Large island kitchen features new counter tops and rich wood kitchen cabinets. Separate laundry area with washer & dryer. Large master suite with en suite shower and garden tub. Guest bedroom has adjacent bath. Lots of storage through out home. Storage shed off driveway. New Metal roof and newer A/C is a plus to this home Private Screen Room Opens to Living Room Extra long Driveway with Cart Path Lot Rent includes use of Clubhouse and Amenities Lawn Cutting, Edging Two pets(dog or cat)

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,032
• − Mortgage interest: −$3,893
• − Property taxes: −$1,042
• − Insurance: −$348
• − Repairs & maintenance: −$2,243
• − Management: −$2,243
• − HOA: −$16,248
• − Depreciation: −$2,022
• Taxable loss: −$6
• Est. tax savings @ 24.0%: +$1
• After-tax cash flow: $135/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

Average 55/100 Moderate rehab

The home requires moderate renovations, including painting, flooring, and exterior siding, to improve its condition and value.

Repairs flagged

• Major Paint — Peeling paint on interior walls needs repainting.
• Minor Flooring — Laminate flooring in kitchen could be replaced with hardwood for a more upscale look.
• Moderate Exterior Siding — Weathered siding needs repainting or replacement for a fresh look.

Value-add opportunities

• Both Paint the interior walls — Fresh paint enhances the home's appearance and can increase both resale and rental value.
• Both Replace the laminate flooring with hardwood — Hardwood flooring is more durable and aesthetically pleasing, increasing both resale and rental value.
• Both Paint the exterior siding — A fresh coat of paint can improve the home's curb appeal and increase its value for both resale and rental purposes.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Peeling paint on interior walls needs repainting.	Major	$15,000–50,000
Flooring · Laminate flooring in kitchen could be replaced with hardwood for a more upscale look.	Minor	$500–3,000
Exterior Siding · Weathered siding needs repainting or replacement for a fresh look.	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$18,500–68,000

Value-add ROI direction

• Both Paint the interior walls — Fresh paint enhances the home's appearance and can increase both resale and rental value. ↑
• Both Replace the laminate flooring with hardwood — Hardwood flooring is more durable and aesthetically pleasing, increasing both resale and rental value. ↑
• Both Paint the exterior siding — A fresh coat of paint can improve the home's curb appeal and increase its value for both resale and rental purposes. ↑

ⓘ 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 — Indiantown

• Score: 59/100
• State rank: #829
• US rank: #20298

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indiantown, FL
• Population (ZIP): 9,639

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 49% Black 24% White 24% Two or more races 16% Native American 5% Asian 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 4% Cuban 1%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 22% · Canada
• Languages at home: 55% English-only · Spanish 42%

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: ▲ 6.65%
• Current HPI: 561.896
• Rent YoY: —
• Metro: —
• 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

-12.6% since first listed

5 events — show timeline

• 2026-03-04 Price Changed $69,500 MCRTC
• 2026-02-11 Price Changed $55,000 MCRTC
• 2025-10-01 Price Changed $69,500 MCRTC
• 2025-10-01 Relisted — MCRTC
• 2025-02-18 Listed $79,500 MCRTC