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238 W Caribbean
B Composite 72.85
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
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +4.0/10.0
  • Rent growth +3.0/5.0
  • Appreciation +2.5/10.0
  • Livability +2.5/5.0
  • Condition / age +2.2/5.0
  • Manufactured-home adj. -6.3

$39,000

238 W Caribbean · Port St. Lucie, FL 34952
2 bd · 2.0 ba · 1,296 sqft · Manufactured · 91 Days on market
Manufactured home Built 1980 Fair condition $30/sqft · 33% below area Est $59k · 33% under $2/mo HOA

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Key facts

  • 2 parking spots
  • Community pool
  • Built 1980

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $39k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $943 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $39k).
  • Recommended offer: $35k (9.0% below list) — sets the bar for market timing.
  • Cap rate 35.3% vs local median 4.0% 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.
  • Zoned schools: Manatee Academy K-8 (math 53% / reading 51%, grade C-, #990 of 2,144 statewide, top 48%, 1,664 students, 65% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL).
  • Market conditions: Rents rising (+1.9%/yr); 962 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $270 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 91 days — a 9% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $6k (13%) 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 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $35,490 (9.0% below list)

Questions for the listing agent

  1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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.
  7. 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.
  8. 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
3.94% ✓
Cap rate
35.32%
Cash-on-cash
103.68%
DSCR
5.61
GRM
2.1

CMA / ARV

ARV (median comp)
$58,598
List price
$39,000
Delta
-33.44%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
11 Del Sol 0.10mi 2/2.0 1,350 (+4%) 4mo $22,000 $16 85
8219 Cinnamon Ln 0.23mi 2/2.0 1,248 (-4%) 1mo $170,000 $136 83
3 El Morrow 0.04mi 2/2.0 1,450 (+12%) 2mo $22,000 $15 77
176 W Caribbean 0.10mi 2/2.0 1,164 (-10%) 3mo $35,000 $30 76
19 W Caribbean 0.33mi 2/2.0 1,350 (+4%) 4mo $32,000 $24 75
8165 Buckthorn Cir 0.41mi 2/2.0 1,340 (+3%) 4mo $119,500 $89 71
50 W Caribbean 0.51mi 2/2.0 1,416 (+9%) 0mo $42,000 $30 61
3118 Columbrina Cir 0.54mi 2/2.0 1,400 (+8%) 2mo $179,900 $129 59
7 Villa Flores 0.55mi 2/2.0 1,416 (+9%) 1mo $32,000 $23 58
8498 Labelia Ct 0.71mi 2/2.0 1,226 (-5%) 2mo $250,000 $204 56
3155 Columbrina Cir 0.42mi 2/2.0 1,487 (+15%) 4mo $175,400 $118 52
8483 Schefflera Ct 0.66mi 3/2.0 (+1) 1,388 (+7%) 2mo $82,000 $59 51

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
—
Equity multiple
5.77×
Total profit
$52,140
Equity at exit
$5,815
10-year hold
IRR
—
Equity multiple
11.64×
Total profit
$116,237
Equity at exit
$3,372

Cash invested: $10,920 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
73 active · 50 under contract
Months of supply
10.4 mo (10%/mo absorbed)
Median asking
$78,000 ($60/sqft)
Median days on market
92 d
This list price
15% of active listings are priced below it
ARV vs active asking
-24.8% vs current asking $/sqft

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

ZIP-level market 34952

Home prices YoY
-29.6%
Rents YoY
1.9%
Active inventory
962
Price-to-rent
2.1×

Monthly cashflow live

Estimated rent
$1,538 high interval (Pro) →
Mortgage (P&I)
−$205
Tax est. 1.5%
−$49 /mo · $585/yr
Insurance
−$16
HOA
−$2
Lot rent leased land?
−$0
Vacancy / Maint / Mgmt
−$323
Net cashflow
$943

Break-even live

Break-even rent $344
Max offer price $39,000
Occupancy floor 34%

Sensitivity live

Price -10% $970 -5% $957 +0% $943 +5% $930 +10% $917
Rent -10% $822 -5% $883 +0% $943 +5% $1,004 +10% $1,065
Rate -1.0pp $963 -0.5pp $953 base $943 +0.5pp $933 +1.0pp $923

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
$9,750
Closing costs
$1,170
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
71 W Caribbean Port St. Lucie, FL 2.0 2.0 1417 $1,700 $1.20 164d 1 0.37mi
1810 SE Pinewood Trl Port St Lucie, FL 1.0–2.0 1.0–2.0 1013 $2,068 $2.04 0d 7 0.40mi
1900 Bella Vista Way Port St Lucie, FL 1.0–2.0 1.0–2.0 995 $1,774 $1.78 0d 14 0.46mi
1811 SE Walton Lakes Dr Port St Lucie, FL 2.0 1.0–2.0 1117 $1,943 $1.74 7d 7 0.55mi
1496 SE Colchester Cir Port St Lucie, FL 2.0 2.0 1041 $1,800 $1.73 51d 1 0.75mi
1455 SE Colchester Cir Port Saint Lucie, FL 2.0 2.0 921 $1,795 $1.95 155d 1 0.81mi
1431 SE Berwick Ct Port St Lucie, FL 2.0 2.0 1191 $2,200 $1.85 50d 1 0.81mi
1431 SE Ashville Ct Port St Lucie, FL 3.0 2.5 1551 $2,200 $1.42 20d 1 0.83mi
1431 SE Ashville Ct Port St Lucie, FL 3.0 2.5 1551 $2,200 $1.42 6d 1 0.83mi
2082 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1524 $1,850 $1.21 164d 1 0.83mi
8500 Marlberry Ct Port St Lucie, FL 3.0 2.0 1144 $1,800 $1.57 10d 1 0.85mi
2058 SE Wild Meadow Cir #101 Port St Lucie, FL 2.0 2.5 1425 $2,000 $1.40 51d 1 0.86mi
2058 SE Wild Meadow Cir #101 Port St Lucie, FL 2.0 2.5 1425 $2,200 $1.54 155d 1 0.86mi
2112 SE Wild Meadow Cir #101 Port St Lucie, FL 2.0 3.0 1425 $2,200 $1.54 10d 1 0.87mi
1500 SE Royal Green Cir #203 Port St Lucie, FL 2.0 2.0 886 $1,700 $1.92 22d 1 0.90mi
1500 SE Royal Green Cir #203 Port St Lucie, FL 2.0 2.0 886 $1,700 $1.92 10d 1 0.90mi
3784 Sapodilla Ct Port Saint Lucie, FL 2.0 2.0 1121 $2,300 $2.05 164d 1 0.91mi
1131 SE Parrish Ct Port Saint Lucie, FL 2.0 1.0 902 $2,000 $2.22 164d 1 0.91mi
1516 SE Royal Green Cir #202 Port St Lucie, FL 3.0 2.0 921 $1,850 $2.01 10d 1 0.93mi
2183 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1550 $1,900 $1.23 155d 1 0.94mi
2130 SE Wild Meadow Cir Port Saint Lucie, FL 2.0 2.0 1440 $1,695 $1.18 155d 1 0.94mi
1520 SE Royal Green Cir #206 Port St Lucie, FL 2.0 2.0 886 $1,700 $1.92 26d 1 0.96mi
1520 SE Royal Green Cir #206 Port St Lucie, FL 2.0 2.0 886 $1,700 $1.92 10d 1 0.96mi
1520 SE Royal Green Cir Unit K-203 Port St. Lucie, FL 2.0 2.0 886 $1,800 $2.03 164d 1 0.96mi
59 El Camino Real Port St Lucie, FL 2.0 2.0 1451 $2,500 $1.72 51d 1 0.96mi
1402 SE Ashford Pl Port St Lucie, FL 2.0 2.0 1122 $1,850 $1.65 10d 1 0.97mi
1402 SE Ashford Pl Port St Lucie, FL 2.0 2.0 1122 $1,850 $1.65 6d 1 0.97mi
3 Palo Alto Ln Port St Lucie, FL 3.0 2.0 1754 $2,500 $1.43 18d 1 0.98mi
3 Palo Alto Ln Port St Lucie, FL 3.0 2.0 1754 $2,500 $1.43 10d 1 0.98mi
1526 SE Royal Green Cir #101 Port St Lucie, FL 2.0 2.0 886 $1,980 $2.23 22d 1 1.00mi
1526 SE Royal Green Cir #101 Port St Lucie, FL 2.0 2.0 886 $1,980 $2.23 10d 1 1.00mi
1955 SE Tiffany Ave Port St Lucie, FL 3.0 2.0 1288 $1,900 $1.48 10d 1 1.00mi
8027 9th Hole Dr Port St Lucie, FL 2.0 2.0 1840 $2,195 $1.19 2d 1 1.00mi
8179 Sandwedge Ter Port St Lucie, FL 2.0 2.0 1161 $2,350 $2.02 10d 1 1.00mi
8179 Sandwedge Ter Port St Lucie, FL 2.0 2.0 1161 $2,350 $2.02 0d 1 1.00mi
8179 Sandwedge Ter Port St Lucie, FL 2.0 2.0 1161 $2,350 $2.02 11d 1 1.00mi
1535 SE Royal Green Cir Unit D 102 Port St. Lucie, FL 3.0 2.0 921 $1,800 $1.95 10d 1 1.08mi
1535 SE Royal Green Cir Unit D 102 Port St. Lucie, FL 3.0 2.0 921 $1,800 $1.95 29d 1 1.08mi
1537 SE Royal Green Cir Unit E204 Port St. Lucie, FL 2.0 2.0 886 $1,750 $1.98 155d 1 1.10mi
1618 SE Elkhart Ter Port St Lucie, FL 3.0 2.0 1176 $2,000 $1.70 51d 1 1.10mi

Property features AI

Finance

Other
Senior communityPets allowed with possible breed restrictions; cats and dogs OK
Financial info
Land lease of $930 monthly (lease expires 2026-06-30)
HOA & community
Has associationAnnual association fee (small amount)Association amenities include pool, heated pool, spa/hot tub, clubhouse, fitness center, tennis courts, golf course, dog park, billiard and game rooms, sauna, shuffleboard, bocce ball, community room, kitchen facilities, library, workshop area, manager on site, laundry, parking, maintenance and management

Exterior

Parking
2 total parking spacesAttached carport (1 covered space)DrivewayOpen parking space
Security
Security patrol
Utilities
Public waterPublic sewerElectricity connectedCable availableWater and sewer connected
Home design
Manufactured home (double wide)One storyResaleFaces westMobile length approximately 45 ft
Construction
Aluminum siding construction
Exterior features
Shingle roofAluminum and brick skirtingPublic maintained road frontageNot waterfront

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigeratorElectric water heater
Bedrooms
2 bedrooms (main level)
Flooring
CarpetLaminateTileVinylWood
Bathrooms
2 full bathrooms (main level)
Heating & cooling
Electric heatingCentral air conditioningCeiling fan(s)
Interior features
Walk-in closetsSplit bedroom layoutFurnishedSatellite dishBlindsBay window(s)
Laundry & utility
Inside laundry room

Listing history 29 events

  1. 2026-07-01
    days on market $39,000 Active 91 DOM
  2. 2026-06-30
    days on market $39,000 Active 90 DOM
  3. 2026-06-29
    days on market $39,000 Active 89 DOM
  4. 2026-06-28
    days on market $39,000 Active 88 DOM
  5. 2026-06-28
    days on market $39,000 Active 87 DOM
  6. 2026-06-27
    days on market $39,000 Active 86 DOM
  7. 2026-06-25
    days on market $39,000 Active 84 DOM
  8. 2026-06-23
    days on market $39,000 Active 82 DOM
  9. 2026-06-21
    days on market $39,000 Active 81 DOM
  10. 2026-06-18
    price $39,000 Active 78 DOM
  11. 2026-06-18
    days on market $45,000 Active 78 DOM
  12. 2026-06-17
    days on market $45,000 Active 77 DOM
  13. 2026-06-16
    days on market $45,000 Active 76 DOM
  14. 2026-06-15
    days on market $45,000 Active 75 DOM
  15. 2026-06-14
    days on market $45,000 Active 73 DOM
  16. 2026-06-13
    days on market $45,000 Active 72 DOM
  17. 2026-06-10
    days on market $45,000 Active 70 DOM
  18. 2026-06-09
    days on market $45,000 Active 69 DOM
  19. 2026-06-08
    days on market $45,000 Active 68 DOM
  20. 2026-06-07
    days on market $45,000 Active 67 DOM
  21. 2026-06-05
    days on market $45,000 Active 64 DOM
  22. 2026-06-03
    days on market $45,000 Active 63 DOM
  23. 2026-06-02
    days on market $45,000 Active 62 DOM
  24. 2026-06-01
    days on market $45,000 Active 61 DOM
  25. 2026-05-31
    days on market $45,000 Active 60 DOM
  26. 2026-05-30
    days on market $45,000 Active 59 DOM
  27. 2026-04-01
    status Active
  28. 2026-04-01
    historical
  29. 2026-04-01
    listed $45,000 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 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$18,455
− Mortgage interest
−$2,185
− Property taxes
−$585
− Insurance
−$195
− Repairs & maintenance
−$1,476
− Management
−$1,476
− HOA
−$24
− Depreciation
−$1,135
Taxable income
$11,379
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,731
After-tax cash flow
$8,590/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 · 13 photos

Fair 45/100 Cosmetic rehab Est. rehab $6,480–$19,440 screening

The home is in fair condition with cosmetic updates needed to enhance its resale and rental value.

Repairs flagged

  • Minor kitchen cabinets — slight wear
  • Minor bathroom fixtures — dated and worn
  • Minor paint — wear on interior walls

Value-add opportunities

  • Resale paint interior walls — fresh paint enhances curb appeal ↑
  • Resale replace kitchen cabinets — new cabinets improve functionality and aesthetics ↑
  • Resale update bathroom fixtures — new fixtures enhance functionality and aesthetics ↑
  • Both landscape and trim overgrown areas — enhances curb appeal and adds value ↑

ⓘ 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.

F Composite school gradezoned avg 40/100

Zoned Schools

Elementary Village Green Environmental Studies School D- FL #1,247/2,144 Nat'l #15,746/41,679 Middle Southern Oaks Middle School F FL #353/571 Nat'l #5,727/14,009 High Port St. Lucie High School F FL #415/667 Nat'l #10,416/17,239

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

Census place
Port St. Lucie, FL
County
Saint Lucie County · 338,016 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
20% of renters

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%
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
—

Price history

3 events — show timeline
  • 2026-04-01 Relisted — Beaches MLS
  • 2026-04-01 Listing Removed — Beaches MLS
  • 2026-04-01 Listed $45,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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