4743 NE Blue Heron Ln #7 · Jensen Beach, FL 34957

$149,000

2 bd · 1.5 ba · 1,100 sqft · Manufactured · 565 Days on market

Manufactured home 55+ age-restricted Built 1976 Good condition 4,144 sqft lot $135/sqft · 51% below area $325/mo HOA · 17% of rent ↓ 2% since listing

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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 +16.3/30.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Schools +6.1/10.0
• DSCR +5.3/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +2.5/10.0
• Manufactured-home adj. -4.3

Listing remarks MLS

Check out this beauty located just minutes from downtown Jensen Beach. This 2/1.5 mobile home has been completely renovated with new windows, flooring, electrical and the Florida room has been converted to make extra living space. The home comes furnished and is tastefully decorated. This 55+ mobile home park is a hidden gem on the Indian River. HOA is only $325 a month and covers cable, water, lawn maintenance, and all the amenities of the HOA which include heated pool, shuffleboard and a community dock.

Key facts

• New flooring
• Community dock
• New electrical

Tags

• COMPLETELY RENOVATED
• NEW WINDOWS
• NEW FLOORING
• NEW ELECTRICAL
• FLORIDA ROOM CONVERTED
• COMMUNITY DOCK

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $149k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $52 ($622/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.9% in Jensen Beach — 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 70/100 on livability (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety D-.
• 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.
• Zoned schools: Jensen Beach Elementary School (math 67% / reading 67%, grade B+, #450 of 2,144 statewide, top 22%, 558 students, 45% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: Rents rising (+1.0%/yr); 770 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 32% of the median local income ($70k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 565 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $13k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 565 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. 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?
9. 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.
10. 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.
11. 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: 1.25% ✓
• Cap rate: 7.25%
• Cash-on-cash: 3.40%
• DSCR: 1.15
• GRM: 6.7

CMA / ARV

• ARV (median comp): $307,000
• List price: $149,000
• Delta: -51.47%
• Verdict: UNDERPRICED
• Comps: 9 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4274 NE Skyline Dr	0.44mi	3/2.0 (+1)	1,127 (+2%)	4mo	$433,000	$384	65
2470 SE University Ter	1.50mi	3/2.0 (+1)	1,072 (-2%)	0mo	$208,000	$194	54
1036 NE Terrace Way	1.37mi	3/2.0 (+1)	1,180 (+7%)	1mo	$427,300	$362	45
2557 SE Robin Cir	1.37mi	3/2.0 (+1)	1,183 (+8%)	1mo	$226,000	$191	45
3132 NE Savannah Rd	1.37mi	3/2.0 (+1)	1,014 (-8%)	1mo	$375,000	$370	44
3294 NE Holly Creek Dr	1.41mi	2/2.0	1,279 (+16%)	2mo	$257,500	$201	36
1116 Nettles Blvd	1.49mi	2/1.5	1,294 (+18%)	4mo	$650,000	$502	36
272 NW Broken Oak Trl	1.50mi	2/2.0	1,343 (+22%)	3mo	$295,000	$220	36
3266 NE Holly Creek Dr	1.40mi	2/2.5	1,295 (+18%)	3mo	$329,000	$254	34
3280 NE Holly Creek Dr	1.41mi	2/2.5	1,299 (+18%)	4mo	$275,000	$212	32
650 NE Wax Myrtle Way	1.41mi	2/2.5	1,299 (+18%)	4mo	$341,900	$263	32
630 NE Wax Myrtle Way	1.43mi	2/2.5	1,283 (+17%)	5mo	$340,000	$265	32

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-24,252
• Equity at exit: $22,216

10-year hold

• IRR: -14.3%
• Equity multiple: 0.27×
• Total profit: $-30,275
• Equity at exit: $12,883

Cash invested: $41,720 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $179,000 ($211/sqft)
• Median days on market: 115 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +32.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34957

• Rents YoY: 1.0%
• Active inventory: 770
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,865 high
• Mortgage (P&I): −$781
• Tax est. 1.5%: −$186 /mo · $2,235/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$325
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $52

Break-even live

Break-even rent $1,799

Max offer price $149,000

Occupancy floor 92%

Sensitivity live

Price	-10% $155	-5% $103	+0% $52	+5% $0	+10% $-51
Rent	-10% $-95	-5% $-22	+0% $52	+5% $126	+10% $199
Rate	-1.0pp $127	-0.5pp $90	base $52	+0.5pp $13	+1.0pp $-26

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: $37,250
• Closing costs: $4,470
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1150 NE County Line Rd Jensen Beach, FL	3.0	2.0	1306	$2,400	$1.84	119d	1	0.07mi
1150 NE County Line Rd Jensen Beach, FL	3.0	2.0	1306	$2,400	$1.84	6d	1	0.07mi
4215 NE Carrol Ct Jensen Beach, FL	2.0	1.0	1304	$3,300	$2.53	119d	1	0.51mi
13509 S Indian River Dr #406 Jensen Beach, FL	2.0	2.5	1167	$2,000	$1.71	6d	1	0.57mi
4195 NE Hyline Dr Jensen Beach, FL	2.0	1.0	1300	$2,495	$1.92	6d	1	0.57mi
4220 NE Indian River Dr Jensen Beach, FL	2.0	1.5	900	$2,200	$2.44	62d	1	0.59mi
4220 NE Indian River Dr #2 Jensen Beach, FL	2.0	1.5	900	$2,200	$2.44	119d	1	0.59mi
4160 NE Indian River Dr Jensen Beach, FL	2.0	1.0	1200	$1,850	$1.54	6d	1	0.62mi
3663 NE Barbara Dr Jensen Beach, FL	2.0	1.0	991	$2,450	$2.47	119d	1	0.94mi
1315 NE Flora Pl Jensen Beach, FL	3.0	2.0	1400	$3,500	$2.50	62d	1	0.97mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	119d	1	1.12mi
1250 Reserve Trl Jensen Beach, FL	1.0–3.0	1.0–2.0	1098	$2,195	$2.00	0d	3	1.25mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	119d	1	1.40mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	119d	1	1.40mi
3111 NE Savannah Rd Unit 3111 Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	62d	1	1.42mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	110d	1	1.42mi

HOA detail $325/mo · $3,900/yr

• Likely covers: waterelectriccablepool

Listing history 50 events

1. 2026-09-24
   days on market $149,000 Active 565 DOM
2. 2026-09-23
   days on market $149,000 Active 564 DOM
3. 2026-09-22
   days on market $149,000 Active 563 DOM
4. 2026-09-21
   days on market $149,000 Active 562 DOM
5. 2026-09-20
   days on market $149,000 Active 561 DOM
6. 2026-09-19
   days on market $149,000 Active 560 DOM
7. 2026-09-18
   days on market $149,000 Active 559 DOM
8. 2026-09-17
   days on market $149,000 Active 558 DOM
9. 2026-09-16
   days on market $149,000 Active 557 DOM
10. 2026-09-15
    days on market $149,000 Active 556 DOM
11. 2026-09-14
    days on market $149,000 Active 555 DOM
12. 2026-09-13
    days on market $149,000 Active 554 DOM
13. 2026-09-12
    days on market $149,000 Active 553 DOM
14. 2026-09-11
    days on market $149,000 Active 552 DOM
15. 2026-09-05
    days on market $149,000 Active 546 DOM
16. 2026-09-04
    days on market $149,000 Active 545 DOM
17. 2026-09-03
    days on market $149,000 Active 544 DOM
18. 2026-08-31
    days on market $149,000 Active 541 DOM
19. 2026-08-30
    days on market $149,000 Active 540 DOM
20. 2026-08-29
    days on market $149,000 Active 539 DOM
21. 2026-08-28
    days on market $149,000 Active 538 DOM
22. 2026-08-27
    days on market $149,000 Active 537 DOM
23. 2026-08-25
    days on market $149,000 Active 535 DOM
24. 2026-08-24
    days on market $149,000 Active 534 DOM
25. 2026-08-23
    days on market $149,000 Active 533 DOM
26. 2026-08-22
    days on market $149,000 Active 532 DOM
27. 2026-08-21
    days on market $149,000 Active 531 DOM
28. 2026-08-20
    days on market $149,000 Active 530 DOM
29. 2026-08-19
    days on market $149,000 Active 529 DOM
30. 2026-08-18
    days on market $149,000 Active 528 DOM
31. 2026-08-17
    days on market $149,000 Active 527 DOM
32. 2026-08-16
    days on market $149,000 Active 526 DOM
33. 2026-08-15
    days on market $149,000 Active 525 DOM
34. 2026-08-15
    days on market $149,000 Active 524 DOM
35. 2026-08-13
    days on market $149,000 Active 523 DOM
36. 2026-08-12
    days on market $149,000 Active 522 DOM
37. 2026-08-11
    days on market $149,000 Active 521 DOM
38. 2026-08-10
    days on market $149,000 Active 520 DOM
39. 2026-08-09
    days on market $149,000 Active 519 DOM
40. 2026-08-08
    days on market $149,000 Active 518 DOM
41. 2026-08-07
    days on market $149,000 Active 517 DOM
42. 2026-08-06
    days on market $149,000 Active 516 DOM
43. 2026-08-05
    days on market $149,000 Active 515 DOM
44. 2026-08-04
    days on market $149,000 Active 514 DOM
45. 2026-08-03
    days on market $149,000 Active 513 DOM
46. 2026-07-31
    days on market $149,000 Active 510 DOM
47. 2026-07-29
    days on market $149,000 Active 508 DOM
48. 2026-07-27
    days on market $149,000 Active 506 DOM
49. 2026-07-25
    days on market $149,000 Active 504 DOM
50. 2026-07-23
    days on market $149,000 Active 502 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 7/10 Severe FEMA zone X (unshaded) · 77% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,375
• − Mortgage interest: −$8,346
• − Property taxes: −$2,235
• − Insurance: −$1,542
• − Repairs & maintenance: −$1,790
• − Management: −$1,790
• − HOA: −$3,900
• − Depreciation: −$4,335
• Taxable loss: −$1,563
• Est. tax savings @ 24.0%: +$375
• After-tax cash flow: $998/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 · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $5,500–$16,500 screening

This 2/1.5 mobile home is in good condition with a cosmetic rehab level, featuring a clean and well-maintained interior and exterior. It offers a good investment opportunity with potential for value enhancement through minor updates.

Value-add opportunities

• Both Painting the exterior and interior — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Updating the flooring — New flooring can improve the overall look and feel of the home. ↑
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's appeal and functionality. ↑
• Both Updating the bathroom fixtures — New fixtures can enhance the bathroom's functionality and aesthetics. ↑
• Both Landscaping improvements — Well-maintained landscaping can enhance curb appeal and add value to the property. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 61/100

Zoned Schools

Elementary Jensen Beach Elementary School B+ FL #450/2,144 Nat'l #4,366/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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

B Composite livability gradescore 70/100

Livability — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

Amenities F Commute F Cost of living B+ Crime A+ Employment C+ Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 172,383 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 13% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 1%

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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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• Metro: Port St. Lucie, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

-1.9% since first listed

4 events — show timeline

• 2026-03-19 Price Changed $159,000 Beaches MLS
• 2026-01-01 Relisted — Beaches MLS
• 2026-01-01 Listing Removed — Beaches MLS
• 2025-03-04 Listed $162,000 Beaches MLS