1464 Laconia St · Sebastian, FL 32958

$299,900

3 bd · 2.0 ba · 1,158 sqft · SingleFamily public records · 18 Days on market

Built 1998 10,018 sqft lot Est $273k · 10% over

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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 +12.1/30.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• DSCR +3.6/10.0
• ARV discount +3.1/15.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

Key facts

• New plumbing
• Water heater
• New drainfield

Tags

• PRIVATE SCREENED PATIO
• NEW PLUMBING
• WATER HEATER
• PREMIUM PLYWOOD UNDERLAYMENT
• NEW DRAINFIELD
• DEDICATED LAUNDRY ROOM

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Two-car garage (covered parking for two)
• Security: Smoke detectors
• Utilities: Public water and well available; Three-phase electric; Cable available
• Home design: Single-family residence; One story; East-facing
• Construction: CBS construction; Built as resale
• Exterior features: Lot approximately 80 ft x 125 ft; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: Three bedrooms on the main level
• Flooring: Laminate
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Cathedral and vaulted ceilings; Walk-in closets; Split bedroom layout; Unfurnished
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-63 ($-757/yr) — negative.
• To cash-flow at today's rent, offer at most $289k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (21.7% below list).
• Recommended offer: $235k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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: 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.
• Zoned schools: Pelican Island Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 343 students, 70% 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); 411 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 18 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $33k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $175k; list at $300k implies a 71% 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 $234,748 (21.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.78% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.90%
• DSCR: 0.96
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $273,288
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1451 Laconia St	0.04mi	2/2.0 (-1)	1,187 (+2%)	12mo	$275,000	$232	79
772 Breakwater Ter	0.10mi	3/2.0	1,056 (-9%)	8mo	$242,000	$229	74
1566 Picasso St	0.31mi	2/2.0 (-1)	1,106 (-4%)	2mo	$295,000	$267	71
973 Starflower Ave	0.40mi	2/2.0 (-1)	1,146 (-1%)	4mo	$269,000	$235	71
649 Benedictine Ter	0.39mi	2/1.0 (-1)	1,092 (-6%)	1mo	$210,000	$192	62
686 Bayharbor Ter	0.41mi	2/2.0 (-1)	1,100 (-5%)	9mo	$289,900	$264	60
561 Carnival Ter	0.51mi	3/2.0	1,285 (+11%)	6mo	$327,500	$255	54
950 Starflower Ave	0.38mi	3/2.0	1,320 (+14%)	9mo	$312,000	$236	52
1566 Damask Ln	0.73mi	2/2.0 (-1)	1,100 (-5%)	11mo	$237,900	$216	44
1574 Damask Ln	0.74mi	2/2.0 (-1)	1,100 (-5%)	10mo	$289,000	$263	43
555 Benedictine Ter	0.65mi	3/2.0	1,314 (+14%)	8mo	$312,000	$237	40
1141 Persian Ln	0.70mi	2/2.0 (-1)	1,292 (+12%)	12mo	$304,000	$235	33

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: -14.5%
• Equity multiple: 0.47×
• Total profit: $-44,824
• Equity at exit: $44,716

10-year hold

• IRR: -1.5%
• Equity multiple: 0.88×
• Total profit: $-10,028
• Equity at exit: $25,930

Cash invested: $83,972 (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: 411
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,347 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$220 /mo · $2,639/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-63

Break-even live

Break-even rent $2,427

Max offer price $288,755

Occupancy floor 98%

Sensitivity live

Price	-10% $107	-5% $22	+0% $-63	+5% $-148	+10% $-233
Rent	-10% $-249	-5% $-156	+0% $-63	+5% $30	+10% $122
Rate	-1.0pp $88	-0.5pp $13	base $-63	+0.5pp $-141	+1.0pp $-220

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
742 Capon Ter Sebastian, FL	2.0	2.0	1080	$2,000	$1.85	23d	1	0.32mi
722 Carnival Ter Sebastian, FL	3.0	2.0	1430	$2,300	$1.61	15d	1	0.44mi
1565 Glentry Ln Sebastian, FL	2.0	2.0	1189	$2,500	$2.10	15d	1	0.71mi
1198 Breezy Way Unit 7A Sebastian, FL	2.0	2.0	960	$1,900	$1.98	23d	1	0.73mi
1110 Barber St Sebastian, FL	3.0	2.0	1324	$2,200	$1.66	15d	1	0.94mi
1421 Thornhill Ln Sebastian, FL	3.0	2.0	1216	$2,800	$2.30	15d	1	1.07mi
426 Tulip Dr Sebastian, FL	2.0	2.0	1161	$2,100	$1.81	23d	1	1.19mi
117 Acorn Ter Sebastian, FL	3.0	1.0	896	$1,800	$2.01	23d	1	1.37mi

Listing history 44 events

1. 2026-06-22
   days on market $299,900 Active 18 DOM
2. 2026-06-19
   days on market $299,900 Active 16 DOM
3. 2026-06-18
   days on market $299,900 Active 15 DOM
4. 2026-06-17
   days on market $299,900 Active 14 DOM
5. 2026-06-16
   days on market $299,900 Active 13 DOM
6. 2026-06-15
   days on market $299,900 Active 12 DOM
7. 2026-06-14
   days on market $299,900 Active 10 DOM
8. 2026-06-13
   days on market $299,900 Active 9 DOM
9. 2026-06-10
   days on market $299,900 Active 7 DOM
10. 2026-06-09
    days on market $299,900 Active 6 DOM
11. 2026-06-08
    days on market $299,900 Active 5 DOM
12. 2026-06-07
    days on market $299,900 Active 4 DOM
13. 2026-06-05
    pricedays on marketlisting id $299,900 Active 1 DOM
14. 2026-06-02
    days on market $285,000 Active 238 DOM
15. 2026-06-01
    days on market $285,000 Active 237 DOM
16. 2026-05-31
    days on market $285,000 Active 236 DOM
17. 2026-05-30
    days on market $285,000 Active 235 DOM
18. 2026-05-11
    price $290,000
19. 2026-05-09
    price $296,999
20. 2026-04-20
    price $297,000
21. 2026-03-31
    price $297,500
22. 2026-03-06
    price $299,999
23. 2026-02-05
    price $304,999
24. 2025-12-17
    price $305,000
25. 2025-11-14
    price $309,999
26. 2025-11-04
    price $317,500
27. 2025-10-21
    price $325,000
28. 2025-10-07
    listed $333,000 Active
29. 2019-12-27
    soldstatus $175,000
30. 2018-06-26
    soldstatus $170,000
31. 2018-06-22
    soldstatus $170,000 Sold 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

32. 2018-05-29
    historical Contingent

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

33. 2018-05-29
    historical Contingent 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

34. 2018-05-21
    price $174,900 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

35. 2018-05-21
    price $174,900

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

36. 2018-05-01
    price $179,900
37. 2018-04-30
    price $179,900 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

38. 2018-04-11
    price $184,900
39. 2018-04-10
    price $184,900 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

40. 2018-04-03
    listed $189,900 Active 339-char remark

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

41. 2018-04-03
    listed $174,900

    Show marketing remark (339 chars)

    Priced to sell. This 3BD/2BA/2 Car garage CBS home has a New Roof 2018, A/C 2016, Drain field 2014, HWH 2013, Ceiling fans in all rooms. Storm panels for all windows, large screen patio for relaxing outdoor living, on county water but also has a well for irrigation. Close to shopping, beaches and river. Sizes are approx. /subj. to error.

42. 2018-04-02
    listed $189,900 Active
43. 2002-11-07
    soldstatus $91,000
44. 1996-11-26
    soldstatus $21,200

ⓘ 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: $2,639 · $220/mo
• Projected year-2 tax: $2,639 · $220/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 ≥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: $28,170
• − Mortgage interest: −$16,799
• − Property taxes: −$2,639
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,254
• − Management: −$2,254
• − Depreciation: −$8,724
• Taxable loss: −$5,999
• Est. tax savings @ 24.0%: +$1,440
• After-tax cash flow: $683/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

+1267.9% since first listed

27 events — show timeline

• 2026-05-11 Price Changed $290,000 Beaches MLS
• 2026-05-09 Price Changed $296,999 Beaches MLS
• 2026-04-20 Price Changed $297,000 Beaches MLS
• 2026-03-31 Price Changed $297,500 Beaches MLS
• 2026-03-06 Price Changed $299,999 Beaches MLS
• 2026-02-05 Price Changed $304,999 Beaches MLS
• 2025-12-17 Price Changed $305,000 Beaches MLS
• 2025-11-14 Price Changed $309,999 Beaches MLS
• 2025-11-04 Price Changed $317,500 Beaches MLS
• 2025-10-21 Price Changed $325,000 Beaches MLS
• 2025-10-07 Listed $333,000 Beaches MLS
• 2019-12-27 Sold (Public Records) $175,000 Public Records
• 2018-06-26 Sold (Public Records) $170,000 Public Records
• 2018-06-22 Sold (MLS) $170,000 RAIRCMLS
• 2018-05-29 Contingent — Beaches MLS
• 2018-05-29 Contingent — RAIRCMLS
• 2018-05-21 Price Changed $174,900 RAIRCMLS
• 2018-05-21 Price Changed $174,900 Beaches MLS
• 2018-05-01 Price Changed $179,900 Beaches MLS
• 2018-04-30 Price Changed $179,900 RAIRCMLS
• 2018-04-11 Price Changed $184,900 Beaches MLS
• 2018-04-10 Price Changed $184,900 RAIRCMLS
• 2018-04-03 Listed $189,900 RAIRCMLS
• 2018-04-03 Listed $174,900 SCMLS
• 2018-04-02 Listed $189,900 Beaches MLS
• 2002-11-07 Sold (Public Records) $91,000 Public Records
• 1996-11-26 Sold (Public Records) $21,200 Public Records

Property tax history

+4.9%/yr

Latest (2025): $2,639 · +4.7% YoY. Source: county tax records.