2397 SW Plum Ct · Port St. Lucie, FL 34953

$299,000

3 bd · 2.0 ba · 1,858 sqft · SingleFamily public records · 7 Days on market

Built 2004 10,454 sqft lot Est $398k · 25% under

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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 +21.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.8/10.0
• Schools +3.7/10.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is TIGHT! Attention to detail and meticulous care by owner shows in this lovely3/2/study cul-de-sac home. It looks like a model and is surrounded by like-minded owners that care for their homes. Quick access to I-95/Tradition shopping.

Key facts

• 0.24 acre lot
• 2 garage spots
• Built 2004

Property features AI

Finance

• Other: Pets allowed with no restrictions
• Financial info: No land lease

Exterior

• Parking: Two total parking spaces; Two covered parking spaces; Two-car garage (attached/detached mentioned); Driveway with strip/slab
• Utilities: Public water; Septic tank sewer; 100 Amp electric service; Cable available; Water connected
• Home design: Single-family home; One story; Entry level: 1; Faces south; West of US-1 road frontage
• Construction: Built with concrete block finished with stucco; Shingle roof; Slab foundation
• Exterior features: Open patio; Patio

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating; Individual central cooling
• Interior features: Split bedroom layout; Unfurnished
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $430 ($5k/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 $292k (2.5% below list).
• Recommended offer: $292k (2.5% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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 C — 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 flat; 770 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 41% of the median local income ($86k/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 $9k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 18y 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 $120k; list at $299k implies a 149% 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 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $291,540 (2.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 0.98% ✗
• Cap rate: 8.02%
• Cash-on-cash: 6.16%
• DSCR: 1.27
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $397,612
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2452 SW Fair Isle Rd	0.27mi	3/2.0	1,941 (+4%)	1mo	$406,000	$209	79
2461 SW Import Dr	0.25mi	4/2.0 (+1)	1,916 (+3%)	2mo	$375,000	$196	77
1994 SW Guernsey St	0.28mi	3/2.0	1,674 (-10%)	2mo	$310,000	$185	68
10059 SW Chadwick Dr	0.67mi	3/2.0	1,868 (+0%)	3mo	$300,000	$161	65
2137 SW Gailwood St	0.50mi	4/2.0 (+1)	1,851 (-0%)	11mo	$464,900	$251	62
2217 SW Natema Rd	0.61mi	3/2.0	1,832 (-1%)	9mo	$434,888	$237	62
2001 SW Driftwood St	0.54mi	3/2.0	1,771 (-5%)	11mo	$319,000	$180	58
2138 SW Vista Rd	0.66mi	3/2.5	1,871 (+1%)	11mo	$439,000	$235	57
2302 SW Webster Ln	0.35mi	4/2.0 (+1)	1,650 (-11%)	6mo	$369,900	$224	55
2330 SW Neal Rd	0.64mi	4/2.0 (+1)	1,754 (-6%)	1mo	$342,500	$195	55
2434 SW Santana Ave	0.75mi	2/2.0 (-1)	1,817 (-2%)	5mo	$389,000	$214	52
2644 SW Fairgreen Rd	0.70mi	4/3.0 (+1)	2,073 (+12%)	1mo	$495,000	$239	38

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 · 0.22% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.65×
• Total profit: $-29,087
• Equity at exit: $44,582

10-year hold

• IRR: -4.3%
• Equity multiple: 0.75×
• Total profit: $-21,182
• Equity at exit: $25,852

Cash invested: $83,720 (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 34953

• Home prices YoY: -10.1%
• Rents YoY: 0.2%
• Active inventory: 770
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,915 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$181 /mo · $2,170/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$612
• Net cashflow: $430

Break-even live

Break-even rent $2,371

Max offer price $299,000

Occupancy floor 80%

Sensitivity live

Price	-10% $599	-5% $514	+0% $430	+5% $345	+10% $261
Rent	-10% $199	-5% $315	+0% $430	+5% $545	+10% $660
Rate	-1.0pp $580	-0.5pp $506	base $430	+0.5pp $352	+1.0pp $273

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2526 SW Savage Blvd Port Saint Lucie, FL	3.0	2.0	1827	$2,600	$1.42	24d	1	0.11mi
2217 SW Halissee St Port Saint Lucie, FL	3.0	2.0	1410	$2,500	$1.77	24d	1	0.51mi
2248 SW Halissee St Port Saint Lucie, FL	3.0	2.0	1383	$2,500	$1.81	22d	1	0.54mi
2144 SW Vista Rd Port Saint Lucie, FL	3.0	2.0	1954	$2,500	$1.28	22d	1	0.63mi
2366 SW Alminar St Port Saint Lucie, FL	3.0	2.0	1500	$2,600	$1.73	24d	1	0.71mi
10297 SW Village Pkwy Port St. Lucie, FL	1.0–3.0	1.0–2.0	963	$1,914	$1.99	15d	18	0.73mi
9728 SW Eastbrook Cir Port Saint Lucie, FL	2.0	2.0	1332	$2,300	$1.73	15d	1	0.84mi
10241 SW Newberry Ave Port St. Lucie, FL	2.0–3.0	2.5	1448	$2,905	$2.01	15d	29	0.96mi
788 SW Munjack Cir Port Saint Lucie, FL	2.0	2.0	1672	$2,500	$1.50	24d	1	0.99mi
2149 SW Savage Blvd Port Saint Lucie, FL	3.0	2.0	2231	$3,000	$1.34	15d	1	1.00mi
10091 SW Dolce Rd Port Saint Lucie, FL	3.0	2.5	1766	$2,550	$1.44	24d	1	1.02mi
9630 SW Flowermound Cir Port Saint Lucie, FL	3.0	2.0	1761	$2,495	$1.42	15d	1	1.05mi
10490 SW Waterway Ln Port Saint Lucie, FL	2.0	2.0	1368	$2,100	$1.54	22d	1	1.06mi
11477 SW Patterson St Port Saint Lucie, FL	3.0	2.0	1649	$2,600	$1.58	24d	1	1.06mi
10057 SW Newberry Ave Port Saint Lucie, FL	3.0	2.0	1649	$2,500	$1.52	22d	1	1.07mi
10440 SW Stephanie Way Unit 4-207 Port St Lucie, FL	2.0	2.0	1250	$2,200	$1.76	24d	1	1.12mi
10560 SW Stephanie Way Unit 204 Port St. Lucie, FL	2.0	2.0	1231	$2,200	$1.79	24d	1	1.12mi
10520 SW Stephanie Way Unit 2-202 Port St Lucie, FL	2.0	2.0	1242	$2,150	$1.73	24d	1	1.14mi
839 SW Munjack Cir Port Saint Lucie, FL	3.0	3.0	1863	$3,350	$1.80	15d	1	1.14mi
10597 SW Vasari Way Port Saint Lucie, FL	3.0	2.0	1549	$2,700	$1.74	15d	1	1.15mi
10671 SW Waterway Ln Port Saint Lucie, FL	3.0	2.0	1928	$3,200	$1.66	24d	1	1.22mi
10695 SW Prato Way Port Saint Lucie, FL	4.0	2.0	1916	$2,850	$1.49	15d	1	1.22mi
10751 SW West Park Ave Port Saint Lucie, FL	3.0	2.5	2028	$2,900	$1.43	24d	1	1.23mi
1829 SW Hickock Ter Port Saint Lucie, FL	4.0	3.0	2012	$3,500	$1.74	22d	1	1.26mi
10736 SW Prato Way Port Saint Lucie, FL	4.0	2.0	1955	$2,700	$1.38	24d	1	1.27mi
10936 SW Vasari Way Port Saint Lucie, FL	4.0	2.5	2100	$3,450	$1.64	15d	1	1.35mi
11590 Roma Way Unit 7-105 Port St. Lucie, FL	3.0	2.0	1265	$2,660	$2.10	15d	1	1.38mi
10195 SW Latium Way Port Saint Lucie, FL	3.0	3.0	2289	$4,000	$1.75	24d	1	1.41mi
11590 SW Roma Cir Port St. Lucie, FL	1.0–3.0	1.0–2.5	1179	$3,071	$2.60	15d	36	1.41mi
10231 SW Latium Way Port Saint Lucie, FL	3.0	3.0	2129	$4,900	$2.30	24d	1	1.42mi
1767 SW Bellevue Ave Port Saint Lucie, FL	4.0	2.0	1916	$2,900	$1.51	24d	1	1.43mi
2472 SW Valnera St Port Saint Lucie, FL	4.0	3.0	2485	$3,200	$1.29	24d	1	1.44mi
1730 SW California Blvd Port Saint Lucie, FL	4.0	3.0	2231	$3,400	$1.52	24d	1	1.45mi
9282 SW Miracoli Way Port Saint Lucie, FL	3.0	2.0	1932	$4,900	$2.54	24d	1	1.46mi
1773 SW Cannon Ave Port Saint Lucie, FL	4.0	2.0	1833	$2,336	$1.27	15d	1	1.46mi
11357 SW Northland Dr Port Saint Lucie, FL	3.0	2.0	2000	$4,200	$2.10	24d	1	1.47mi
11181 SW Aliceville Dr Port Saint Lucie, FL	3.0	2.0	2000	$3,400	$1.70	15d	1	1.47mi
9112 Short Chip Cir Port Saint Lucie, FL	3.0	2.0	2156	$3,300	$1.53	15d	1	1.48mi
11267 SW Pietra Way Port Saint Lucie, FL	2.0	2.0	1667	$3,200	$1.92	24d	1	1.48mi
2542 SW Kensington St Port Saint Lucie, FL	3.0	2.0	1470	$3,200	$2.18	15d	1	1.49mi

Listing history 11 events

1. 2026-06-10
   status $299,000 Pending 7 DOM
2. 2026-06-09
   days on market $299,000 Active 7 DOM
3. 2026-06-08
   days on market $299,000 Active 6 DOM
4. 2026-06-07
   days on market $299,000 Active 5 DOM
5. 2026-06-05
   statusdays on market $299,000 Active 2 DOM
6. 2026-05-23
   status Pending
7. 2026-05-21
   listed $299,000 Active
8. 2008-11-20
   soldstatus $120,000
9. 2008-09-15
   soldstatus $120,000 245-char remark

   Show marketing remark (245 chars)

   This home is TIGHT! Attention to detail and meticulous care by owner shows in this lovely3/2/study cul-de-sac home. It looks like a model and is surrounded by like-minded owners that care for their homes. Quick access to I-95/Tradition shopping.

10. 2008-08-27
    historical 245-char remark

    Show marketing remark (245 chars)

    This home is TIGHT! Attention to detail and meticulous care by owner shows in this lovely3/2/study cul-de-sac home. It looks like a model and is surrounded by like-minded owners that care for their homes. Quick access to I-95/Tradition shopping.

11. 2008-04-24
    listed $130,000 245-char remark

    Show marketing remark (245 chars)

    This home is TIGHT! Attention to detail and meticulous care by owner shows in this lovely3/2/study cul-de-sac home. It looks like a model and is surrounded by like-minded owners that care for their homes. Quick access to I-95/Tradition shopping.

ⓘ 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: $2,170 · $181/mo
• Projected year-2 tax: $2,482 · $207/mo
• Expected delta: +$312/yr (+$26/mo · 14.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 21 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: $34,985
• − Mortgage interest: −$16,749
• − Property taxes: −$2,170
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,799
• − Management: −$2,799
• − Depreciation: −$8,698
• Taxable income: $276
• Est. tax owed @ 24.0%: −$66
• After-tax cash flow: $5,091/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): 86,875
• Household income: $85,667
• Rent vs Own: 13.1% rent · 86.9% own
• Severe rent burden: 857.0

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 0.69)
• Race & ethnicity: White 42% Hispanic / Latino 28% Black 23% Two or more races 15% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 4% Dominican 3%
• Common ancestry: Hispanic 4% Romanian 2% Estonian 2%
• Foreign-born: 24% · Canada, Jamaica, China
• Languages at home: 69% English-only · Spanish 19% French/Haitian/Cajun 6% Other Indo-European 3%

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: ▼ -44.19%
• Current HPI: 392.7681
• Rent YoY: ▲ 0.22%
• 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

+130.0% since first listed

6 events — show timeline

• 2026-05-23 Pending — Beaches MLS
• 2026-05-21 Listed $299,000 Beaches MLS
• 2008-11-20 Sold (Public Records) $120,000 Public Records
• 2008-09-15 Sold (MLS) $120,000 Beaches MLS
• 2008-08-27 Listing Removed — Beaches MLS
• 2008-04-24 Listed $130,000 Beaches MLS

Property tax history

+1.9%/yr

Latest (2025): $2,170 · +4.0% YoY. Source: county tax records.