4235 36th Ct · Gifford, FL 32967

$180,000

3 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 25 Days on market

Built 2003 Est $178k · at est.

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Why this score? — see what drove the C+ 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 +27.1/30.0
• DSCR +9.4/10.0
• 1% rule +7.2/10.0
• ARV discount +7.1/15.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this beautifully maintained 3- bedroom 1-bath residence that combines comfort and character in every corner. Nestled in a quite, friendly neighborhood, this home features a light-filled living area, an inviting kitchen with ample cabinet space. Each bedroom offers cozy charm and natural light, while the full bath is tastefully modern. Spacious backyard with a shed for storage space. Don't miss this opportunity-schedule your private tour today

Key facts

• Parking
• Built 2003
• Listed 25 days

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association (N/A)

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Frame construction; Shingle roof
• Exterior features: Enclosed porch; Porch with screened area; Property faces east; Has a view

Interior

• Kitchen: Refrigerator
• Bedrooms: Three bedrooms (sizes: 11 x 10; 11 x 11; 9 x 10)
• Flooring: Laminate flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds on windows; Sliding windows; Built-in features; Unfurnished
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 3.0% in Gifford — 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 68/100 on livability (#538 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A; Watch: schools D+, amenities F, employment F.
• 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 soft (-1.2%/yr); 612 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 34% of the median local income ($78k/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 $5k 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 25 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.

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 $177,300 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.22% ✓
• Cap rate: 9.71%
• Cash-on-cash: 12.20%
• DSCR: 1.54
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $178,500
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4681 34th Ave	0.58mi	3/2.0	1,040 (+2%)	2mo	$164,500	$158	64
2431 42nd Pl	0.73mi	3/1.0	999 (-2%)	2mo	$121,900	$122	61
4353 30th Ave	0.40mi	3/2.0	1,102 (+8%)	5mo	$127,000	$115	60
3051 44th Ln	0.46mi	3/2.0	943 (-8%)	15mo	$200,000	$212	49
4153 46th Pl	0.62mi	3/2.0	1,170 (+15%)	3mo	$205,000	$175	40
4190 46th Pl	0.66mi	3/2.0	1,099 (+8%)	23mo	$270,000	$246	33
4736 34th Ave	0.67mi	3/2.0	1,156 (+13%)	20mo	$220,000	$190	26

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -1.6%
• Equity multiple: 0.94×
• Total profit: $-2,966
• Equity at exit: $26,839

10-year hold

• IRR: 4.6%
• Equity multiple: 1.29×
• Total profit: $14,596
• Equity at exit: $15,563

Cash invested: $50,400 (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 32967

• Home prices YoY: -24.4%
• Rents YoY: -1.2%
• Active inventory: 612
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,201 high
• Mortgage (P&I): −$944
• Tax from tax record: −$208 /mo · $2,491/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $512

Break-even live

Break-even rent $1,553

Max offer price $180,000

Occupancy floor 72%

Sensitivity live

Price	-10% $614	-5% $563	+0% $512	+5% $461	+10% $410
Rent	-10% $338	-5% $425	+0% $512	+5% $599	+10% $686
Rate	-1.0pp $603	-0.5pp $558	base $512	+0.5pp $466	+1.0pp $418

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4316 28th Ave Vero Beach, FL	2.0	1.0	838	$1,450	$1.73	21d	1	0.55mi
4316 25th Ave Vero Beach, FL	2.0	1.0	728	$1,300	$1.79	21d	1	0.70mi
4890 48th Ave Vero Beach, FL	3.0	2.0	1469	$2,300	$1.57	21d	1	1.22mi
5050 Fairways Cir Vero Beach, FL	2.0	2.0	1085	$1,750	$1.61	21d	2	1.27mi
5035 Fairways Cir Vero Beach, FL	1.0–2.0	1.0–2.0	1191	$2,400	$2.01	21d	5	1.28mi
4350 Doubles Alley Dr #203 Vero Beach, FL	2.0	2.0	1168	$2,000	$1.71	14d	1	1.32mi
5020 Fairways Cir Vero Beach, FL	2.0	2.0	1345	$2,125	$1.58	21d	2	1.32mi
1590 S 42nd Cir Vero Beach, FL	2.0–3.0	2.0	1234	$2,500	$2.03	21d	3	1.33mi
5095 Fairways Cir Vero Beach, FL	3.0	2.0	1190	$2,450	$2.06	21d	2	1.40mi
5095 Fairways Cir Vero Beach, FL	2.0–3.0	2.0	1092	$2,500	$2.29	14d	3	1.40mi
1640 N 42nd Cir Vero Beach, FL	2.0	2.0	1127	$1,998	$1.77	21d	2	1.41mi
1550 S 42nd Cir Vero Beach, FL	2.0–3.0	2.0	1234	$2,300	$1.86	14d	3	1.43mi

Listing history 4 events

1. 2026-06-01
   status $180,000 Pending 25 DOM
2. 2026-05-31
   days on market $180,000 Active 25 DOM
3. 2026-05-30
   days on market $180,000 Active 24 DOM
4. 2026-05-06
   listed $180,000 Active

ⓘ 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: $2,491 · $208/mo
• Projected year-2 tax: $2,491 · $208/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 ≥105°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: $26,413
• − Mortgage interest: −$10,083
• − Property taxes: −$2,491
• − Insurance: −$900
• − Repairs & maintenance: −$2,113
• − Management: −$2,113
• − Depreciation: −$5,236
• Taxable income: $3,476
• Est. tax owed @ 24.0%: −$834
• After-tax cash flow: $5,313/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 — Gifford

• Score: 68/100
• State rank: #538
• US rank: #10083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gifford, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 27,240
• Household income: $78,058
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 674.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 17% Two or more races 16% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Salvadoran 2%
• Common ancestry: Romanian 3% Hispanic 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 3% 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: ▼ -91.34%
• Current HPI: 282.6156
• Rent YoY: ▼ -1.16%
• 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

1 event — show timeline

• 2026-05-06 Listed $180,000 RAIRCMLS

Property tax history

+20.1%/yr

Latest (2025): $2,491 · +15.2% YoY. Source: county tax records.