514 Wimbrow Dr · Sebastian, FL 32958

$314,900

3 bd · 2.0 ba · 1,581 sqft · SingleFamily public records · 91 Days on market

Built 1960 Est $354k · 11% under

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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 +12.6/30.0
• ARV discount +12.5/15.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

A diamond ready to be shined. Over 1/2 an acre with newer roof, water heater and A/C. Updated kitchen open and flowing living areas. Old Florida at its best. Wood, terrazzo, pool bedroom, enclosed porch and patio. Beautiful pool and lots of room for storage and expansions.

Key facts

• Newer roof
• A/c
• Water heater

Tags

• NEWER ROOF
• WATER HEATER
• A/C
• UPDATED KITCHEN
• ENCLOSED PORCH
• BEAUTIFUL POOL

Property features AI

Finance

• Other: Lot about 0.67 acre; half- to one-acre lot with potential to split; Free-form pool on the property
• Financial info: Pets allowed
• HOA & community: No association (N/A)

Exterior

• Parking: Assigned parking; Carport (1 space); Driveway
• Utilities: Public water; Septic tank
• Home design: Single-story; South-facing; Property has a view; Residential zoning
• Construction: Block and concrete construction; Metal roof
• Exterior features: Fenced yard; Outdoor shower; Covered porch; Covered patio; Screened porch; Enclosed porch

Interior

• Kitchen: Built-in oven; Microwave; Range; Dishwasher; Refrigerator; Electric water heater
• Bedrooms: Three bedrooms (sizes approx. 10x11, 12x10, 11x14)
• Flooring: Carpet; Laminate; Terrazzo; Tile
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Sliding doors; Built-in features; Unfurnished
• Laundry & utility: Laundry room (outside); Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-40 ($-482/yr) — negative.
• To cash-flow at today's rent, offer at most $308k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (26.1% below list).
• Recommended offer: $233k (26.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.4% in Sebastian — 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 81/100 on livability (#89 in FL, #1,421 nationally) — a professional / high-income tenant draw. Strengths: housing A+, crime A, health & safety A; Watch: schools D+, amenities D-.
• 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.
• Market conditions: Rents rising fast (+6.2%/yr); 412 active listings in the ZIP; 16 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).
• This rent runs 42% of the median local income ($67k/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.
• 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 91 days — a 9% lower offer ($287k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $315k implies a 1025% 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 $232,759 (26.1% 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 91 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.55%
• DSCR: 0.98
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $354,144
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
669 Vocelle Ave	0.43mi	3/2.0	1,570 (-1%)	3mo	$335,000	$213	76
550 Park Ave	0.42mi	3/2.0	1,620 (+2%)	2mo	$312,000	$193	74
549 Layport Dr	0.12mi	2/2.0 (-1)	1,423 (-10%)	1mo	$350,000	$246	72
474 Thomas St	0.73mi	3/2.0	1,520 (-4%)	1mo	$255,000	$168	58
441 Columbus St	0.46mi	3/2.0	1,418 (-10%)	4mo	$250,000	$176	58
331 Easy St	0.70mi	3/2.0	1,529 (-3%)	4mo	$342,500	$224	58
546 Agnes St	0.49mi	3/2.0	1,408 (-11%)	5mo	$325,000	$231	55
502 Park Ave	0.42mi	2/2.0 (-1)	1,402 (-11%)	3mo	$295,000	$210	54
789 Vocelle Ave	0.68mi	3/2.0	1,432 (-9%)	4mo	$399,000	$279	49
432 Bywood Ave	0.71mi	3/2.0	1,724 (+9%)	5mo	$435,000	$252	48
145 S Wimbrow Dr	0.72mi	2/2.0 (-1)	1,469 (-7%)	4mo	$390,000	$265	46
497 Bywood Ave	0.71mi	4/2.0 (+1)	1,344 (-15%)	2mo	$227,500	$169	35

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: -14.2%
• Equity multiple: 0.48×
• Total profit: $-45,948
• Equity at exit: $46,953

10-year hold

• IRR: -1.4%
• Equity multiple: 0.89×
• Total profit: $-9,773
• Equity at exit: $27,227

Cash invested: $88,172 (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: 11.3×

Monthly cashflow live

• Estimated rent: $2,328 high
• Mortgage (P&I): −$1,651
• Tax from tax record: −$96 /mo · $1,156/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $-40

Break-even live

Break-even rent $2,378

Max offer price $307,808

Occupancy floor 97%

Sensitivity live

Price	-10% $138	-5% $49	+0% $-40	+5% $-129	+10% $-218
Rent	-10% $-224	-5% $-132	+0% $-40	+5% $52	+10% $144
Rate	-1.0pp $118	-0.5pp $40	base $-40	+0.5pp $-122	+1.0pp $-205

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: $78,725
• Closing costs: $9,447
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
393 S Wimbrow Dr Apt A Sebastian, FL	2.0	2.0	1700	$1,900	$1.12	21d	1	0.14mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	14d	1	0.24mi
351 Del Monte Rd Unit B Sebastian, FL	3.0	2.0	1416	$1,900	$1.34	21d	1	0.24mi
243 Harp Ter Unit A Sebastian, FL	2.0	2.0	1150	$1,885	$1.64	21d	1	0.33mi
246 S Wimbrow Dr Sebastian, FL	3.0	2.0	1364	$3,000	$2.20	14d	1	0.51mi
462 Lloyd St Sebastian, FL	3.0	2.0	1564	$2,400	$1.53	21d	1	0.53mi
406 Easy St Sebastian, FL	4.0	2.0	1874	$2,100	$1.12	21d	1	0.58mi
832 Carnation Dr Sebastian, FL	3.0	2.0	1400	$2,800	$2.00	14d	1	0.65mi
486 Biscayne Ln Sebastian, FL	4.0	2.0	1769	$2,250	$1.27	14d	1	0.96mi
422 Avocado Ave Sebastian, FL	3.0	2.0	1698	$3,900	$2.30	21d	1	0.96mi
882 Foster Ave Sebastian, FL	3.0	2.0	1080	$2,450	$2.27	21d	1	0.97mi
865 Beard Ave Sebastian, FL	4.0	2.0	1934	$3,600	$1.86	21d	1	0.98mi
426 Tulip Dr Sebastian, FL	2.0	2.0	1161	$2,100	$1.81	21d	1	1.10mi
810 Jamaica Ave Sebastian, FL	4.0	2.0	1851	$3,000	$1.62	14d	1	1.12mi
11171 Airport Dr Sebastian, FL	2.0	2.0	1191	$1,900	$1.60	21d	1	1.12mi
1110 Barber St Sebastian, FL	3.0	2.0	1324	$2,200	$1.66	14d	1	1.29mi

Listing history 4 events

1. 2026-05-11
   status Pending
2. 2026-04-22
   price $314,900
3. 2026-02-09
   listed $330,000 Active
4. 1978-02-01
   soldstatus $28,000

ⓘ 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: $1,156 · $96/mo
• Projected year-2 tax: $2,614 · $218/mo
• Expected delta: +$1,457/yr (+$121/mo · 126.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $27,931
• − Mortgage interest: −$17,639
• − Property taxes: −$1,156
• − Insurance: −$1,574
• − Repairs & maintenance: −$2,234
• − Management: −$2,234
• − Depreciation: −$9,161
• Taxable loss: −$6,069
• Est. tax savings @ 24.0%: +$1,457
• After-tax cash flow: $975/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 — Sebastian

• Score: 81/100
• State rank: #89
• US rank: #1421

Category grades

Amenities D- Commute B+ 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: Sebastian, FL
• County: Indian River County · 143,738 people
• City population: 30,023
• 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

+1024.6% since first listed

4 events — show timeline

• 2026-05-11 Pending — RAIRCMLS
• 2026-04-22 Price Changed $314,900 RAIRCMLS
• 2026-02-09 Listed $330,000 RAIRCMLS
• 1978-02-01 Sold (Public Records) $28,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,156 · -21.4% YoY. Source: county tax records.