1421 NE 14th Ct Unit Q20 · Jensen Beach, FL 34957

$189,000

1 bd · 1.0 ba · 826 sqft · Condo public records · 237 Days on market

Built 1984 $229/sqft · 8% below area Est $206k · 8% under $600/mo HOA · 29% of rent

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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 +11.4/30.0
• ARV discount +11.2/15.0
• 1% rule +6.0/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• DSCR +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

True 2-bedroom, 1-bath home features a jack and jill bathroom, a welcoming front porch, and a private back patio surrounded by mature trees that provide extra privacy. Located in a resort-style community offering 2 pools, 2 clubhouses, boat slips, boat storage, a marina with 21 slips, tennis and pickleball courts, indoor showers, a sauna, and a billiard room. 7 miles to S. Hutchinson Island beaches. You'll have endless amenities right at your doorstep. 2021 Metal roof, 2025 water heater, 2020 A/C. Additional pictures to come.

Key facts

• Private back patio
• 2 pools
• Mature trees

Tags

• JACK AND JILL BATHROOM
• WELCOMING FRONT PORCH
• PRIVATE BACK PATIO
• MATURE TREES
• RESORT-STYLE COMMUNITY
• 2 POOLS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $189k.

Deal economics

• At list price, monthly cash flow is $-67 ($-806/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (6.3% below list).
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $166k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 4.1% 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.
• Market conditions: Rents rising (+1.0%/yr); 536 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 35% 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 $6k 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 237 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $85k; list at $189k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,320 (12.0% 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 237 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 5.87%
• Cash-on-cash: -1.52%
• DSCR: 0.93
• GRM: 7.6

CMA / ARV

• ARV (median comp): $206,114
• List price: $189,000
• Delta: -8.30%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.0% rent growth · sell at horizon

5-year hold

• IRR: -21.6%
• Equity multiple: 0.27×
• Total profit: $-38,715
• Equity at exit: $28,181

10-year hold

• IRR: -22.8%
• Equity multiple: -0.02×
• Total profit: $-54,213
• Equity at exit: $16,341

Cash invested: $52,920 (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 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,072 high
• Mortgage (P&I): −$991
• Tax from tax record: −$34 /mo · $407/yr
• Insurance: −$79
• HOA: −$600
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-67

Break-even live

Break-even rent $2,157

Max offer price $177,137

Occupancy floor 98%

Sensitivity live

Price	-10% $40	-5% $-14	+0% $-67	+5% $-121	+10% $-400
Rent	-10% $-231	-5% $-149	+0% $-67	+5% $15	+10% $97
Rate	-1.0pp $28	-0.5pp $-19	base $-67	+0.5pp $-116	+1.0pp $-166

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	24d	1	0.04mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	14d	1	0.05mi
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	24d	1	0.11mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	14d	1	0.16mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	24d	1	0.24mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	14d	1	0.55mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	24d	1	0.55mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	24d	1	0.56mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	24d	1	0.67mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$1,901	$2.00	14d	27	0.84mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	24d	1	1.04mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	24d	1	1.04mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	24d	1	1.12mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	24d	1	1.17mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	24d	1	1.17mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	14d	1	1.18mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	14d	1	1.36mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	24d	1	1.37mi
1398 NW Cavendish Ct Stuart, FL	2.0–3.0	2.5	1242	$2,393	$1.93	21d	11	1.38mi

HOA detail condo

• Monthly dues: $600 · $7,200/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $189,000 Active 237 DOM
2. 2026-06-17
   days on market $189,000 Active 236 DOM
3. 2026-06-16
   days on market $189,000 Active 235 DOM
4. 2026-06-15
   days on market $189,000 Active 234 DOM
5. 2026-06-14
   days on market $189,000 Active 232 DOM
6. 2026-06-13
   days on market $189,000 Active 231 DOM
7. 2026-06-10
   days on market $189,000 Active 229 DOM
8. 2026-06-09
   days on market $189,000 Active 228 DOM
9. 2026-06-08
   days on market $189,000 Active 227 DOM
10. 2026-06-07
    days on market $189,000 Active 226 DOM
11. 2026-06-03
    days on market $189,000 Active 222 DOM
12. 2026-06-02
    days on market $189,000 Active 221 DOM
13. 2026-06-01
    days on market $189,000 Active 220 DOM
14. 2026-05-31
    days on market $189,000 Active 219 DOM
15. 2026-05-31
    days on market $189,000 Active 218 DOM
16. 2026-01-30
    price $189,000 532-char remark

    Show marketing remark (532 chars)

    True 2-bedroom, 1-bath home features a jack and jill bathroom, a welcoming front porch, and a private back patio surrounded by mature trees that provide extra privacy. Located in a resort-style community offering 2 pools, 2 clubhouses, boat slips, boat storage, a marina with 21 slips, tennis and pickleball courts, indoor showers, a sauna, and a billiard room. 7 miles to S. Hutchinson Island beaches. You'll have endless amenities right at your doorstep. 2021 Metal roof, 2025 water heater, 2020 A/C. Additional pictures to come.

17. 2025-10-24
    listed $190,000 Active 532-char remark

    Show marketing remark (532 chars)

    True 2-bedroom, 1-bath home features a jack and jill bathroom, a welcoming front porch, and a private back patio surrounded by mature trees that provide extra privacy. Located in a resort-style community offering 2 pools, 2 clubhouses, boat slips, boat storage, a marina with 21 slips, tennis and pickleball courts, indoor showers, a sauna, and a billiard room. 7 miles to S. Hutchinson Island beaches. You'll have endless amenities right at your doorstep. 2021 Metal roof, 2025 water heater, 2020 A/C. Additional pictures to come.

18. 2003-08-04
    soldstatus $85,000
19. 2001-06-20
    soldstatus $55,000
20. 1999-10-25
    soldstatus $46,000
21. 1999-10-22
    soldstatus $46,000 224-char remark

    Show marketing remark (224 chars)

    GO IN ON 14TH COURT TO END & RIGHT TO BLDG 1421 IN NEWER AREA. CARPET & VINYL NEW LAST YEAR. FULLY FURNISHED & READY FOR SEASONAL RENTAL. ALL FURNISHINGS REMAIN. VERY ATTRACTIVE UNIT W/ NICE REAR SCR PORCH.

22. 1999-08-05
    listed $48,500 224-char remark

    Show marketing remark (224 chars)

    GO IN ON 14TH COURT TO END & RIGHT TO BLDG 1421 IN NEWER AREA. CARPET & VINYL NEW LAST YEAR. FULLY FURNISHED & READY FOR SEASONAL RENTAL. ALL FURNISHINGS REMAIN. VERY ATTRACTIVE UNIT W/ NICE REAR SCR PORCH.

23. 1990-02-07
    soldstatus $53,500
24. 1984-12-01
    soldstatus $40,411

ⓘ 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: $407 · $34/mo
• Projected year-2 tax: $1,569 · $131/mo
• Expected delta: +$1,162/yr (+$97/mo · 285.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 56% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,860
• − Mortgage interest: −$10,587
• − Property taxes: −$407
• − Insurance: −$945
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − HOA: −$7,200
• − Depreciation: −$5,498
• Taxable loss: −$3,754
• Est. tax savings @ 24.0%: +$901
• After-tax cash flow: $95/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: 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 — 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 · 165,223 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: 946.0

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: 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%

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

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

+367.7% since first listed

9 events — show timeline

• 2026-01-30 Price Changed $189,000 MCRTC
• 2025-10-24 Listed $190,000 MCRTC
• 2003-08-04 Sold (Public Records) $85,000 Public Records
• 2001-06-20 Sold (Public Records) $55,000 Public Records
• 1999-10-25 Sold (Public Records) $46,000 Public Records
• 1999-10-22 Sold (MLS) $46,000 MCRTC
• 1999-08-05 Listed $48,500 MCRTC
• 1990-02-07 Sold (Public Records) $53,500 Public Records
• 1984-12-01 Sold (Public Records) $40,411 Public Records

Property tax history

+3.3%/yr

Latest (2025): $407 · -2.2% YoY. Source: county tax records.