16426 SW Three Wood Way Unit P-07 · Indiantown, FL 34956

$134,900

2 bd · 2.0 ba · 804 sqft · Manufactured · 106 Days on market

Built 2026 Poor condition $168/sqft · 421% above area

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Why this score? — see what drove the B+ 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks MLS

Welcome home to this beautifully designed 2-bedroom, 2-bath residence offering the perfect blend of modern comfort and functionality. This thoughtfully laid-out home features an open-concept living space with a kitchen island, stainless steel appliances, and luxury plank flooring throughout the main areas. Enjoy elevated interior finishes including recessed and LED lighting, ceiling fans, crown molding, and a smart thermostat for added convenience. The spacious primary suite features a walk-in closet, while smooth glide drawers and a dedicated laundry room enhance everyday living. Step outside to enjoy a welcoming front porch, screened porch, and professionally landscaped surroundings. Additional exterior highlights include concrete stairs, gutters, and a shed with electricity-ideal for extra storage or hobbies. The home comes fully equipped with a refrigerator with ice maker, microwave, dishwasher, electric stove, garbage disposal, and washer/dryer hookups, making it truly move-in ready. Stylish, functional, and move-in ready-this home offers everything you need to enjoy comfortable living. Schedule your private tour today and come see everything this home has to offer in person.

Key facts

• Walk-in closet
• Crown molding
• 2 garage spots

Tags

• WALK-IN CLOSET
• CROWN MOLDING
• STAINLESS STEEL APPLIANCES
• DEDICATED LAUNDRY ROOM
• LUXURY PLANK FLOORING
• SHED WITH ELECTRICITY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $135k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $516 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $123k (9.0% 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: schools F, amenities F, commute 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.
• Market conditions: 135 active listings in the ZIP; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($933 loan paydown + $9k 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 $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, 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 106 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $122,759 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 1.36% ✓
• Cap rate: 10.89%
• Cash-on-cash: 16.40%
• DSCR: 1.73
• GRM: 6.1

CMA / ARV

• ARV (median comp): $25,894
• List price: $134,900
• Delta: 420.97%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16237 SW Two Wood Way	0.20mi	2/2.0	900 (+12%)	4mo	$27,000	$30	68

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: 30.3%
• Equity multiple: 3.04×
• Total profit: $77,133
• Equity at exit: $90,417

10-year hold

• IRR: 27.8%
• Equity multiple: 6.30×
• Total profit: $200,011
• Equity at exit: $169,046

Cash invested: $37,772 (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: 135
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,834 medium
• Mortgage (P&I): −$707
• Tax est. 1.5%: −$169 /mo · $2,024/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $516

Break-even live

Break-even rent $1,180

Max offer price $134,900

Occupancy floor 67%

Sensitivity live

Price	-10% $609	-5% $563	+0% $516	+5% $470	+10% $423
Rent	-10% $371	-5% $444	+0% $516	+5% $589	+10% $661
Rate	-1.0pp $584	-0.5pp $551	base $516	+0.5pp $481	+1.0pp $446

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $134,900 Active 106 DOM
2. 2026-06-17
   days on market $134,900 Active 105 DOM
3. 2026-06-16
   days on market $134,900 Active 104 DOM
4. 2026-06-15
   days on market $134,900 Active 103 DOM
5. 2026-06-14
   days on market $134,900 Active 101 DOM
6. 2026-06-13
   days on market $134,900 Active 100 DOM
7. 2026-06-10
   days on market $134,900 Active 98 DOM
8. 2026-06-09
   days on market $134,900 Active 97 DOM
9. 2026-06-08
   days on market $134,900 Active 96 DOM
10. 2026-06-07
    days on market $134,900 Active 95 DOM
11. 2026-06-03
    days on market $134,900 Active 91 DOM
12. 2026-06-02
    days on market $134,900 Active 90 DOM
13. 2026-06-01
    days on market $134,900 Active 89 DOM
14. 2026-05-31
    days on market $134,900 Active 88 DOM
15. 2026-05-31
    days on market $134,900 Active 87 DOM
16. 2026-03-04
    listed $134,900 Active 1199-char remark

    Show marketing remark (1199 chars)

    Welcome home to this beautifully designed 2-bedroom, 2-bath residence offering the perfect blend of modern comfort and functionality. This thoughtfully laid-out home features an open-concept living space with a kitchen island, stainless steel appliances, and luxury plank flooring throughout the main areas. Enjoy elevated interior finishes including recessed and LED lighting, ceiling fans, crown molding, and a smart thermostat for added convenience. The spacious primary suite features a walk-in closet, while smooth glide drawers and a dedicated laundry room enhance everyday living. Step outside to enjoy a welcoming front porch, screened porch, and professionally landscaped surroundings. Additional exterior highlights include concrete stairs, gutters, and a shed with electricity-ideal for extra storage or hobbies. The home comes fully equipped with a refrigerator with ice maker, microwave, dishwasher, electric stove, garbage disposal, and washer/dryer hookups, making it truly move-in ready. Stylish, functional, and move-in ready-this home offers everything you need to enjoy comfortable living. Schedule your private tour today and come see everything this home has to offer in person.

ⓘ 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: $22,003
• − Mortgage interest: −$7,556
• − Property taxes: −$2,024
• − Insurance: −$674
• − Repairs & maintenance: −$1,760
• − Management: −$1,760
• − Depreciation: −$3,924
• Taxable income: $4,303
• Est. tax owed @ 24.0%: −$1,033
• After-tax cash flow: $5,162/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 · 2 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive repairs and updates to its roof, exterior, interior, HVAC, and landscaping, significantly impacting its current condition and value. Significant investment is needed to bring it up to a livable and marketable standard.

Repairs flagged

• Major roof — No visible photos of the roof.
• Major exterior siding — No visible photos of the exterior siding.
• Major interior walls/paint — No visible photos of the interior walls/paint.
• Major HVAC/mechanicals — No visible photos of the HVAC/mechanicals.
• Major landscaping — No visible photos of the landscaping/curb appeal.

Value-add opportunities

• Both roof replacement — A new roof would significantly improve the home's appearance and value.
• Both exterior siding repair — Repairing the siding would enhance the home's curb appeal and value.
• Both interior paint — Fresh paint would improve the home's interior and make it more appealing to potential buyers.
• Both HVAC system upgrade — Upgrading the HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value.
• Both landscaping and curb appeal — A well-maintained and landscaped exterior would significantly boost the home's curb appeal and value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · No visible photos of the roof.	Major	$15,000–50,000
exterior siding · No visible photos of the exterior siding.	Major	$15,000–50,000
interior walls/paint · No visible photos of the interior walls/paint.	Major	$15,000–50,000
HVAC/mechanicals · No visible photos of the HVAC/mechanicals.	Major	$15,000–50,000
landscaping · No visible photos of the landscaping/curb appeal.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both roof replacement — A new roof would significantly improve the home's appearance and value. ↑
• Both exterior siding repair — Repairing the siding would enhance the home's curb appeal and value. ↑
• Both interior paint — Fresh paint would improve the home's interior and make it more appealing to potential buyers. ↑
• Both HVAC system upgrade — Upgrading the HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value. ↑
• Both landscaping and curb appeal — A well-maintained and landscaped exterior would significantly boost the home's curb appeal and value. ↑

ⓘ 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

1 event — show timeline

• 2026-03-04 Listed $134,900 Zillow