21 Oro Grande Way · Port St. Lucie, FL 34952

$49,900

2 bd · 2.0 ba · 1,203 sqft · Manufactured · 72 Days on market

Built 1973 Good condition Est $49k · at est. ↓ 23% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.0/15.0
• Condition / age +3.8/5.0
• Schools +3.7/10.0
• Rent growth +3.0/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully maintained home overlooking the canal. Home features an oversized enclosed Florida room with newly tiled flooring, updated kitchen with new ss appliances, new vinyl flooring throughout, new ac with discinfected vents and new water heater. Roof has recently been sealed. Lot rent of $925 covers all amenities, taxes, lawn care and trash removal. Amenities include golf, 2 pools, shuffleboard, pickleball, bocce, horseshoes, billiards, ping pong, community room, party room, game room, library, dog park and much much more. Buy now and enjoy all that Spanish Lakes has to offer. Future residents must be approved by Spanish Lakes. Call for application.

Key facts

• 2 parking spots
• Community pool
• Built 1973

Property features AI

Finance

• Other: Road frontage described as east of US-1
• Financial info: Land lease in place (monthly payment; expiration date listed)
• HOA & community: Has association with many community amenities including clubhouse, pool (heated), fitness center, tennis and pickleball courts, shuffleboard, bocce, golf course and management on site; Association fee is paid monthly and includes security, trash, common areas, common real estate tax and golf; Located in a senior community; Pets allowed (pet restrictions possible)

Exterior

• Parking: 2 total parking spaces; Attached carport (1 covered/carport space) with concrete surface; 1 open parking space
• Security: Security patrol; Community association provides security
• Utilities: Public water; Public sewer; Cable available; Electricity available; Water connected
• Home design: Mobile home (double wide, model: PARK); One story; Faces south; Resale condition
• Construction: Pre-fab construction; Aluminum roof; Aluminum skirting; No permanent foundation listed; Mobile dimensions approximately 41' long by 23' wide
• Exterior features: Shed(s); Paved road frontage; Private maintained road; Waterfront: yes (no specific waterfront features listed)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms, both on the main level
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Bedroom layout is stacked; Furnished — negotiable
• Laundry & utility: Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 33.2% vs local median 3.9% in Port St. Lucie — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.9%/yr); 639 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 36% of the median local income ($62k/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 $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 3.71% ✓
• Cap rate: 33.21%
• Cash-on-cash: 96.14%
• DSCR: 5.28
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $49,323
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31 Huarte Way	0.04mi	2/2.0	1,188 (-1%)	3mo	$45,000	$38	93
23 Oro Grande Way	0.00mi	2/2.0	1,088 (-10%)	6mo	$45,000	$41	79
25 Rio Verde Way	0.13mi	2/2.0	1,200 (-0%)	22mo	$64,900	$54	75
82 Spanish Way	0.24mi	2/2.0	1,245 (+4%)	22mo	$18,000	$14	64
7953 Horned Lark Cir	0.60mi	2/2.0	1,286 (+7%)	1mo	$130,000	$101	60
7 Reforma Ln	0.47mi	2/2.0	1,150 (-4%)	20mo	$37,000	$32	55
45 Mediterranean Blvd W	0.67mi	2/2.0	1,200 (-0%)	24mo	$38,000	$32	48
3005 Approach Shot Way	0.72mi	2/2.0	1,333 (+11%)	3mo	$149,900	$112	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 · 1.92% rent growth · sell at horizon

5-year hold

• IRR: 95.9%
• Equity multiple: 5.38×
• Total profit: $61,247
• Equity at exit: $7,440

10-year hold

• IRR: 98.3%
• Equity multiple: 10.82×
• Total profit: $137,252
• Equity at exit: $4,314

Cash invested: $13,972 (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 34952

• Home prices YoY: -29.6%
• Rents YoY: 1.9%
• Active inventory: 639
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,854 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $1,119

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 35%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Bella Vista Way Port Saint Lucie, FL	1.0–2.0	1.0–2.0	995	$1,764	$1.77	13d	15	0.67mi
7700 Pine Lakes Blvd Port Saint Lucie, FL	1.0–3.0	1.0–2.0	1022	$1,878	$1.84	13d	16	1.08mi
13 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,375	$1.72	23d	1	1.31mi
14 Lake Vista Trl #101 Port Saint Lucie, FL	2.0	2.0	1170	$2,200	$1.88	23d	1	1.32mi
124 E Arbor Ave Port Saint Lucie, FL	3.0	1.0	964	$2,550	$2.65	13d	1	1.33mi
71 W Caribbean Port St. Lucie, FL	2.0	2.0	1417	$1,700	$1.20	23d	1	1.36mi
3784 Sapodilla Ct Port Saint Lucie, FL	2.0	2.0	1121	$2,300	$2.05	23d	1	1.36mi
11 Lake Vista Trl #206 Port Saint Lucie, FL	2.0	2.0	1080	$1,400	$1.30	23d	1	1.38mi
26 Lake Vista Trl #201 Port Saint Lucie, FL	2.0	2.0	1170	$1,500	$1.28	23d	1	1.41mi
8 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,500	$1.88	23d	1	1.42mi
28 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,600	$2.00	23d	1	1.45mi
1810 SE Pinewood Trl Port Saint Lucie, FL	1.0–2.0	1.0–2.0	1013	$2,055	$2.03	13d	7	1.46mi
30 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,300	$1.62	23d	1	1.48mi

Listing history 21 events

1. 2026-06-18
   days on market $49,900 Active 72 DOM
2. 2026-06-17
   days on market $49,900 Active 71 DOM
3. 2026-06-16
   days on market $49,900 Active 70 DOM
4. 2026-06-15
   days on market $49,900 Active 69 DOM
5. 2026-06-14
   days on market $49,900 Active 67 DOM
6. 2026-06-13
   days on market $49,900 Active 66 DOM
7. 2026-06-10
   days on market $49,900 Active 64 DOM
8. 2026-06-09
   days on market $49,900 Active 63 DOM
9. 2026-06-08
   days on market $49,900 Active 62 DOM
10. 2026-06-07
    days on market $49,900 Active 61 DOM
11. 2026-06-05
    days on market $49,900 Active 58 DOM
12. 2026-06-03
    days on market $49,900 Active 57 DOM
13. 2026-06-02
    days on market $49,900 Active 56 DOM
14. 2026-06-01
    days on market $49,900 Active 55 DOM
15. 2026-05-31
    days on market $49,900 Active 54 DOM
16. 2026-05-30
    days on market $49,900 Active 53 DOM
17. 2026-05-01
    price $49,900
18. 2026-04-06
    listed $55,000 Active
19. 2026-01-19
    historical
20. 2025-12-18
    price $60,000
21. 2025-11-17
    listed $65,000 Active

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 20 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,242
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,779
• − Management: −$1,779
• − Depreciation: −$1,452
• Taxable income: $13,439
• Est. tax owed @ 24.0%: −$3,225
• After-tax cash flow: $10,208/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

This well-maintained mobile home is move-in ready with recent updates and a good condition score. It offers a good ROI with updates that can significantly increase its value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace worn-out flooring — Improves living space and value
• Both Upgrade kitchen appliances — Modernizes kitchen and enhances value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace worn-out flooring — Improves living space and value ↑
• Both Upgrade kitchen appliances — Modernizes kitchen and enhances value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Saint Lucie County · 337,150 people
• City population: 221,051
• Metro: Port St. Lucie, FL
• Population (ZIP): 42,655
• Household income: $61,628
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 1759.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 62% Hispanic / Latino 19% Two or more races 14% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Hispanic 1%
• Foreign-born: 18% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 16% French/Haitian/Cajun 3% Tagalog/Filipino 2%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -155.80%
• Current HPI: 371.0573
• Rent YoY: ▲ 1.92%
• 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

-23.2% since first listed

5 events — show timeline

• 2026-05-01 Price Changed $49,900 Beaches MLS
• 2026-04-06 Listed $55,000 Beaches MLS
• 2026-01-19 Listing Removed — Beaches MLS
• 2025-12-18 Price Changed $60,000 Beaches MLS
• 2025-11-17 Listed $65,000 Beaches MLS