319 N 11th St · Fort Pierce, FL 34950

$299,000

4 bd · 1.0 ba · 1,740 sqft · SingleFamily public records · 55 Days on market

Built 1928 10,019 sqft lot Est $275k · 9% over ↓ 10% since listing

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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 +13.3/30.0
• DSCR +4.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• Schools +3.7/10.0
• ARV discount +3.6/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Fully renovated and move-in ready! This beautifully updated home in Fort Pierce offers modern style and comfort. Featuring new flooring, fresh paint, and a bright open interior, the home has been completely refreshed. The kitchen includes updated cabinetry and sleek countertops, while the bathrooms are modern and cleanly finished. Situated on a spacious lot with no HOA, there's plenty of room to enjoy or expand. Conveniently located near downtown, shopping, dining, and beaches, this property is perfect as a primary home or investment. Turnkey and ready for its new owner—don't miss out!

Key facts

• Fresh paint
• New flooring
• Updated cabinetry

Tags

• NEW FLOORING
• FRESH PAINT
• BRIGHT OPEN INTERIOR
• UPDATED CABINETRY
• SLEEK COUNTERTOPS
• MODERN FINISHED BATHROOMS

Property features AI

Finance

• Other: Not waterfront

Exterior

• Parking: Attached carport; Two carport spaces; Driveway; Concrete surfaces; Covered parking (2 spaces)
• Utilities: Public water; Public sewer; Electricity connected; Sewer available; Water available
• Home design: Single family residence; Updated/remodeled condition; Two stories; Entry level: 1; Faces east
• Construction: Wood frame construction; Shingle roof
• Exterior features: Open porch

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: Four bedrooms on the main level
• Flooring: Ceramic tile; Laminate; Vinyl
• Bathrooms: Two full bathrooms
• Fireplace: Decorative electric fireplace
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: No special interior built-ins or features listed; Furnished
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-3 ($-31/yr) — negative.
• To cash-flow at today's rent, offer at most $299k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $261k (12.6% below list).
• Recommended offer: $261k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.5% in Fort Pierce — 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 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools D, amenities F.
• 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 fast (+5.9%/yr); 165 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• At $2,612/mo this rent would consume 103% of the median local household income ($30k/yr) (locally 1995% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $261,230 (12.6% 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 55 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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?
8. 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.
9. 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.
10. 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: 0.87% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $274,920
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 N 20th St	0.66mi	3/2.0 (-1)	1,552 (-11%)	7mo	$245,000	$158	36

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 · 5.94% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.51×
• Total profit: $-40,623
• Equity at exit: $44,582

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-753
• Equity at exit: $25,852

Cash invested: $83,720 (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 34950

• Home prices YoY: -20.2%
• Rents YoY: 5.9%
• Active inventory: 165
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,612 high
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $-3

Break-even live

Break-even rent $2,616

Max offer price $298,623

Occupancy floor 95%

Sensitivity live

Price	-10% $204	-5% $101	+0% $-3	+5% $-106	+10% $-209
Rent	-10% $-209	-5% $-106	+0% $-3	+5% $101	+10% $204
Rate	-1.0pp $148	-0.5pp $73	base $-3	+0.5pp $-80	+1.0pp $-159

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
311 N 11th St Fort Pierce, FL	5.0	2.0	1616	$3,000	$1.86	15d	1	0.02mi
513 N 9th St Unit B Fort Pierce, FL	3.0	2.0	1250	$2,300	$1.84	24d	1	0.29mi
313 S 13th St Unit B Fort Pierce, FL	5.0	3.0	1783	$3,800	$2.13	22d	1	0.36mi
1102 Avenue G Fort Pierce, FL	3.0	1.5	1870	$1,800	$0.96	24d	1	0.45mi
1405 Avenue G Apt A Fort Pierce, FL	3.0	2.0	1064	$2,200	$2.07	24d	1	0.46mi
306 N 18th Ct #2 Fort Pierce, FL	3.0	2.0	1192	$2,150	$1.80	24d	1	0.51mi
1617 Avenue E Fort Pierce, FL	3.0	1.0	1100	$1,800	$1.64	24d	1	0.51mi
318 N 24th St Fort Pierce, FL	3.0	2.5	1952	$2,600	$1.33	24d	1	0.84mi
2705 Avenue E Fort Pierce, FL	3.0	1.0	1161	$1,800	$1.55	24d	1	1.13mi
1408 N 23rd St Fort Pierce, FL	3.0	1.0	1110	$1,900	$1.71	15d	1	1.15mi
1016 Chipola Rd Fort Pierce, FL	3.0	1.0	1100	$2,200	$2.00	24d	1	1.23mi
1701 Sunrise Blvd Fort Pierce, FL	3.0	2.0	1518	$2,000	$1.32	15d	1	1.29mi

Listing history 9 events

1. 2026-06-21
   days on market $299,000 Active 55 DOM
2. 2026-06-18
   days on market $299,000 Active 52 DOM
3. 2026-06-17
   days on market $299,000 Active 51 DOM
4. 2026-06-16
   pricedays on market $299,000 Active 50 DOM
5. 2026-05-31
   days on market $305,000 Active 48 DOM
6. 2026-05-30
   days on market $305,000 Active 47 DOM
7. 2026-05-06
   price $305,000
8. 2026-04-19
   price $330,000
9. 2026-04-13
   listed $340,000 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 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: $31,348
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,508
• − Management: −$2,508
• − Depreciation: −$8,698
• Taxable loss: −$5,095
• Est. tax savings @ 24.0%: +$1,223
• After-tax cash flow: $1,192/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: 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 — Fort Pierce

• Score: 76/100
• State rank: #226
• US rank: #3360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Pierce, FL
• County: Saint Lucie County · 337,150 people
• City population: 78,556
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,461
• Household income: $30,400
• Rent vs Own: 61.1% rent · 38.9% own
• Severe rent burden: 1995.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% Hispanic / Latino 19% White 17% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 2% Cuban 1%
• Common ancestry: Hispanic 17% Portuguese 1%
• Foreign-born: 23% · Canada
• Languages at home: 69% English-only · Spanish 14% French/Haitian/Cajun 12% Other Indo-European 4%

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: ▼ -97.20%
• Current HPI: 384.8532
• Rent YoY: ▲ 5.94%
• 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

-10.3% since first listed

3 events — show timeline

• 2026-05-06 Price Changed $305,000 Beaches MLS
• 2026-04-19 Price Changed $330,000 Beaches MLS
• 2026-04-13 Listed $340,000 Beaches MLS

Property tax history

+0.0%/yr

Latest (2025): $69 · +0.0% YoY. Source: county tax records.