426 15th Ln SW · Florida Ridge, FL
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.21%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 24 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
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 +20.9/30.0
- ARV discount +13.0/15.0
- DSCR +6.6/10.0
- 1% rule +4.8/10.0
- Schools +4.2/10.0
- Livability +3.6/5.0
- Rent growth +3.5/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$234,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
Key facts
- Large driveway
- Private backyard
- Minutes from parks
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $234k.
Deal economics
- At list price, monthly cash flow is $323 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (2.3% below list).
- Recommended offer: $213k (9.0% below list) — sets the bar for market timing.
- Cap rate 8.0% vs local median 4.5% in Florida Ridge — 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 72/100 on livability (#353 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, employment D, amenities 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 rising fast (+4.2%/yr); 348 active listings in the ZIP; 13 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 41% 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 $2k of loan paydown is wiped out by about $7k 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 100 days — a 9% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 8y 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.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.98% ✗
- Cap rate
- 7.95%
- Cash-on-cash
- 5.92%
- DSCR
- 1.26
- GRM
- 8.5
CMA / ARV
- ARV (on-the-fly)
- $266,760
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1625 2nd Ave SW | 0.31mi | 3/2.0 | 1,138 (-0%) | 2mo | $200,000 | $176 | 83 |
| 204 14th St SW | 0.35mi | 3/2.0 | 1,132 (-1%) | 1mo | $265,000 | $234 | 82 |
| 364 16th St SW | 0.08mi | 2/2.0 (-1) | 1,196 (+5%) | 4mo | $242,000 | $202 | 80 |
| 204 SW 14th St St SW #1 | 0.35mi | 2/2.0 (-1) | 1,132 (-1%) | 1mo | $265,000 | $234 | 77 |
| 334 15th St SW | 0.12mi | 2/2.0 (-1) | 1,240 (+9%) | 2mo | $250,000 | $202 | 73 |
| 354 15th Ln SW | 0.08mi | 2/2.0 (-1) | 1,036 (-9%) | 4mo | $255,000 | $246 | 72 |
| 344 13th Pl SW | 0.31mi | 3/2.0 | 1,030 (-10%) | 4mo | $240,000 | $233 | 66 |
| 1756 7th Ave SW | 0.37mi | 3/2.0 | 1,261 (+11%) | 4mo | $309,000 | $245 | 62 |
| 219 15th Pl SW | 0.26mi | 2/2.0 (-1) | 986 (-14%) | 1mo | $229,500 | $233 | 59 |
| 2035 7th Ct SW | 0.67mi | 3/2.0 | 1,184 (+4%) | 3mo | $290,000 | $245 | 59 |
| 2075 7th Ct SW | 0.72mi | 2/2.0 (-1) | 1,100 (-4%) | 2mo | $265,000 | $241 | 54 |
| 233 13th St SW | 0.37mi | 2/1.5 (-1) | 1,008 (-12%) | 4mo | $190,000 | $188 | 53 |
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 · 4.18% rent growth · sell at horizon
- IRR
- -5.9%
- Equity multiple
- 0.78×
- Total profit
- $-14,626
- Equity at exit
- $34,890
- IRR
- 5.0%
- Equity multiple
- 1.38×
- Total profit
- $25,125
- Equity at exit
- $20,232
Cash invested: $65,520 (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
ZIP-level market 32962
- Rents YoY
- 4.2%
- Active inventory
- 348
- Price-to-rent
- 8.5×
Monthly cashflow live
- Estimated rent
- $2,285 high interval (Pro) →
- Mortgage (P&I)
- −$1,227
- Tax from tax record
- −$157 /mo · $1,886/yr
- Insurance
- −$98
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$480
- Net cashflow
- $323
Break-even live
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
- $58,500
- Closing costs
- $7,020
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 13 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 655 W Lake Jasmine Cir #207 Vero Beach, FL | 2.0 | 2.0 | 1213 | $1,850 | $1.53 | 13d | 1 | 0.82mi |
| 23 Highland Dr SW Vero Beach, FL | 4.0 | 3.0 | 1263 | $2,950 | $2.34 | 21d | 1 | 0.83mi |
| 670 E Lake Jasmine Cir #106 Vero Beach, FL | 2.0 | 2.0 | 1414 | $2,750 | $1.94 | 21d | 1 | 0.89mi |
| 740 Lake Orchid Cir #109 Vero Beach, FL | 2.0 | 2.0 | 1200 | $2,000 | $1.67 | 21d | 1 | 0.91mi |
| 720 Lake Orchid Cir #203 Vero Beach, FL | 2.0 | 2.0 | 1414 | $1,500 | $1.06 | 21d | 1 | 0.91mi |
| 721 Timber Ridge Trl SW Unit D Vero Beach, FL | 2.0 | 2.0 | 1368 | $2,300 | $1.68 | 21d | 1 | 1.12mi |
| 650 N Center Ct SW Unit 102 Vero Beach, FL | 3.0 | 2.0 | 1440 | $2,100 | $1.46 | 21d | 1 | 1.13mi |
| 2450 8th Ave SW Vero Beach, FL | 3.0 | 2.0 | 1388 | $2,100 | $1.51 | 21d | 1 | 1.20mi |
| 710 Timber Ridge Trl SW Vero Beach, FL | 3.0 | 2.0 | 1498 | $2,500 | $1.67 | 21d | 1 | 1.23mi |
| 985 23rd Pl SW Vero Beach, FL | 3.0 | 2.0 | 1176 | $2,200 | $1.87 | 21d | 1 | 1.24mi |
| 16 Vista Palm Ln Vero Beach, FL | 1.0–2.0 | 1.5–2.0 | 800 | $1,700 | $2.12 | 21d | 2 | 1.29mi |
| 2066 5th Ct SE Vero Beach, FL | 2.0 | 2.0 | 1415 | $3,850 | $2.72 | 21d | 1 | 1.31mi |
| 734 5th Pl SW Vero Beach, FL | 3.0 | 1.0 | 1402 | $1,800 | $1.28 | 21d | 1 | 1.33mi |
Listing history 32 events
-
2026-04-17soldstatus $229,000
-
2026-04-16soldstatus $229,000 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-04-16soldstatus $229,000 Closed 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-04-16$229,000 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-03-21status Pending
-
2026-03-20status Pending 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-03-04historical Active Under Contract 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-02-17price $234,000
-
2026-02-11price $234,000 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-02-03price $239,000 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2026-01-23price $244,900 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
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2026-01-22price $244,900
-
2025-12-27status Active 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2025-12-17historical Active Under Contract 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2025-12-11$249,900 Active 1002-char remark
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
-
2025-12-11$249,900 Active
Show marketing remark (1002 chars)
Discover comfort, charm, and Florida living at its best in this beautifully maintained home located in a quiet Vero Beach neighborhood. This spacious residence offers an inviting split floor plan with abundant natural light and a seamless flow throughout. Enjoy a bright and airy living area, a well-appointed kitchen with ample cabinetry, and generously sized bedrooms for added privacy and comfort. Step outside to your private backyard retreat—perfect for relaxing, entertaining, or creating the outdoor space of your dreams. With plenty of room for a garden, play area, or additional enhancements, the possibilities are endless. The home also offers a large driveway, and NO HOA, giving you the freedom to bring your toys, pets, or boat. Located just minutes from shopping, dining, parks, and Vero's beautiful beaches, this property offers both convenience and coastal charm. Whether you're a first-time buyer, downsizing, or seeking an investment opportunity, this home checks all the boxes.
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2018-10-26soldstatus $136,000 Closed
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2018-10-26soldstatus $136,000
-
2018-09-21status Pending
-
2018-09-10status Active
-
2018-09-10historical
-
2018-09-05price $136,500
-
2018-08-29status Active
-
2018-08-10status Pending
-
2018-07-16price $139,000
-
2018-07-07price $142,000
-
2018-07-07status Active
-
2018-04-09historical
-
2018-03-24status Active
-
2018-03-21status Pending
-
2018-03-13$121,900 Active
-
2014-06-02soldstatus $57,774
ⓘ 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
- $1,886 · $157/mo
- Projected year-2 tax
- $1,942 · $162/mo
- Expected delta
- +$56/yr (+$5/mo · 3.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $27,420
- − Mortgage interest
- −$13,108
- − Property taxes
- −$1,886
- − Insurance
- −$1,170
- − Repairs & maintenance
- −$2,194
- − Management
- −$2,194
- − Depreciation
- −$6,807
- Taxable income
- $62
- Est. tax owed @ 24.0%
- −$15
- After-tax cash flow
- $3,866/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 — Florida Ridge
- Score
- 72/100
- State rank
- #353
- US rank
- #6129
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Florida Ridge, FL
- County
- Indian River County · 143,738 people
- City population
- 25,629
- Metro
- Sebastian-Vero Beach, FL
- Population (ZIP)
- 25,522
- Household income
- $66,664
- Rent vs Own
- Severe rent burden
- 425.0
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 (70%)
- Race & ethnicity
- White 70% Black 13% Hispanic / Latino 12% Two or more races 5% Native American 1%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 2% Cuban 1%
- Common ancestry
- Romanian 4% Lithuanian 4% Italian 3%
- Foreign-born
- 12% · Canada, Jamaica, Dominican Republic
- Languages at home
- 85% English-only · Spanish 9% Other Indo-European 2% French/Haitian/Cajun 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
- ▼ -182.13%
- Current HPI
- 333.3274
- Rent YoY
- ▲ 4.18%
- 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 |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+296.4% since first listed32 events — show timeline
- 2026-04-17 Sold (Public Records) $229,000 Public Records
- 2026-04-16 Listed $229,000 Stellar MLS as Distributed by MLS Grid
- 2026-04-16 Sold (MLS) $229,000 Beaches MLS
- 2026-04-16 Sold (MLS) $229,000 Stellar MLS as Distributed by MLS Grid
- 2026-03-21 Pending — RAIRCMLS
- 2026-03-20 Pending — Beaches MLS
- 2026-03-04 Contingent — Beaches MLS
- 2026-02-17 Price Changed $234,000 RAIRCMLS
- 2026-02-11 Price Changed $234,000 Beaches MLS
- 2026-02-03 Price Changed $239,000 Beaches MLS
- 2026-01-23 Price Changed $244,900 Beaches MLS
- 2026-01-22 Price Changed $244,900 RAIRCMLS
- 2025-12-27 Relisted — Beaches MLS
- 2025-12-17 Contingent — Beaches MLS
- 2025-12-11 Listed $249,900 RAIRCMLS
- 2025-12-11 Listed $249,900 Beaches MLS
- 2018-10-26 Sold (Public Records) $136,000 Public Records
- 2018-10-26 Sold (MLS) $136,000 Beaches MLS
- 2018-09-21 Pending — Beaches MLS
- 2018-09-10 Relisted — Beaches MLS
- 2018-09-10 Listing Removed — Beaches MLS
- 2018-09-05 Price Changed $136,500 Beaches MLS
- 2018-08-29 Relisted — Beaches MLS
- 2018-08-10 Pending — Beaches MLS
- 2018-07-16 Price Changed $139,000 Beaches MLS
- 2018-07-07 Price Changed $142,000 Beaches MLS
- 2018-07-07 Relisted — Beaches MLS
- 2018-04-09 Listing Removed — Beaches MLS
- 2018-03-24 Relisted — Beaches MLS
- 2018-03-21 Pending — Beaches MLS
- 2018-03-13 Listed $121,900 Beaches MLS
- 2014-06-02 Sold (MLS) $57,774 RAIRCMLS
Property tax history
+5.3%/yrLatest (2025): $1,886 · +16.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…