130 Miller Dr · Sebastian, FL 32958

$5,000

3 bd · 2.0 ba · 1,942 sqft · SingleFamily public records · 2 Days on market

Built 2006

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.0/30.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• 1% rule +0.8/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 26, 2026 at 10:00 AM EST. Explore this charming 3-bedroom, 2-bath residence set in a peaceful and well-located Sebastian community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• Garage

Property features AI

Exterior

• Parking: 1-car garage
• Home design: Residential property; 1 story
• Exterior features: Lot zoned RS-10; Approximately 0.32-acre lot

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Single-story layout

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $388,400 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-907 ($-11k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 3.5% vs local median 4.4% in Sebastian — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 40% 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 $3k of loan paydown is wiped out by about $12k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 116.5% of price.
• 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 $5,000

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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.58% ✗
• Cap rate: 3.49%
• Cash-on-cash: -10.01%
• DSCR: 0.55
• GRM: 14.4

CMA / ARV

• ARV (on-the-fly): $388,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Douglas Ave	0.15mi	3/2.0	1,982 (+2%)	0mo	$330,000	$166	89
101 Keystone Dr	0.36mi	3/2.0	1,976 (+2%)	3mo	$510,000	$258	78
77 Joy Haven Dr	0.63mi	3/2.0	1,948 (+0%)	2mo	$390,000	$200	69
118 Arcadia Dr	0.29mi	4/2.0 (+1)	1,712 (-12%)	1mo	$364,000	$213	61
118 Dahl Ave	0.46mi	4/2.0 (+1)	1,828 (-6%)	7mo	$384,000	$210	58
113 Larchmont Ter	0.69mi	3/2.0	1,831 (-6%)	2mo	$325,000	$177	57
103 Justine Dr	0.27mi	3/2.0	1,658 (-15%)	7mo	$320,103	$193	57
126 Day Dr	0.34mi	3/2.0	1,651 (-15%)	5mo	$320,000	$194	55
1310 Schumann Dr	0.54mi	4/2.0 (+1)	1,828 (-6%)	6mo	$390,000	$213	55
1836 Barber St	0.74mi	4/2.0 (+1)	1,851 (-5%)	2mo	$335,000	$181	51
104 Bryant Ct	0.71mi	3/2.0	2,104 (+8%)	5mo	$380,000	$181	49
124 Hinchman Ave	0.73mi	3/2.0	1,756 (-10%)	4mo	$359,900	$205	46

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: -30.8%
• Equity multiple: -0.04×
• Total profit: $-113,180
• Equity at exit: $57,912

10-year hold

• IRR: -22.3%
• Equity multiple: -0.29×
• Total profit: $-139,865
• Equity at exit: $33,582

Cash invested: $108,752 (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: 0.2×

Monthly cashflow live

• Estimated rent: $2,249 high
• Mortgage (P&I): −$2,037
• Tax est. 1.5%: −$486 /mo · $5,826/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $-907

Break-even live

Break-even rent $3,398

Max offer price $257,087

Occupancy floor —

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: $97,100
• Closing costs: $11,652
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 Marsh St Sebastian, FL	4.0	2.0	1300	$1,856	$1.43	13d	1	0.56mi
1201 Schumann Dr Sebastian, FL	4.0	2.0	1300	$2,021	$1.55	13d	1	0.60mi
1836 Barber St Sebastian, FL	4.0	2.0	1851	$2,000	$1.08	21d	1	0.72mi
8920 66th Ave Sebastian, FL	4.0	2.0	1326	$3,000	$2.26	21d	1	0.75mi
186 Empress Ave Unit B Sebastian, FL	2.0	2.0	1398	$1,575	$1.13	21d	1	0.75mi
155 Midvale Ter Sebastian, FL	3.0	2.0	1853	$3,000	$1.62	21d	1	0.96mi
6385 86th Pl Sebastian, FL	3.0	2.0	1269	$1,850	$1.46	21d	1	1.07mi
834 Dolores St Sebastian, FL	3.0	1.0	1253	$1,600	$1.28	13d	1	1.38mi
8947 Orchid Reserve Cir Sebastian, FL	2.0	2.0	1516	$2,100	$1.39	21d	1	1.47mi
366 Joy Haven Dr Sebastian, FL	3.0	2.0	1885	$2,095	$1.11	13d	1	1.48mi
8951 Orchid Reserve Cir Sebastian, FL	2.0	2.0	1516	$2,100	$1.39	21d	1	1.48mi
8953 Orchid Reserve Cir Sebastian, FL	2.0	2.0	1516	$2,100	$1.39	21d	1	1.49mi

Listing history 3 events

1. 2026-06-19
   days on market $5,000 Active 2 DOM
2. 2026-06-17
   remarks 288-char remark
3. 2026-06-17
   listed $5,000 Active 1 DOM

ⓘ 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 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: $26,987
• − Mortgage interest: −$21,756
• − Property taxes: −$5,826
• − Insurance: −$1,942
• − Repairs & maintenance: −$2,159
• − Management: −$2,159
• − Depreciation: −$11,299
• Taxable loss: −$18,154
• Est. tax savings @ 24.0%: +$4,357
• After-tax cash flow: $-6,533/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

-63.8% since first listed

3 events — show timeline

• 2026-06-17 Listed $5,000 NFMLS
• 2005-04-25 Sold (Public Records) $80,000 Public Records
• 1992-02-01 Sold (Public Records) $13,800 Public Records

Property tax history

+11.9%/yr

Latest (2025): $7,705 · +0.7% YoY. Source: county tax records.