143 SE Easy St · Stuart, FL 34994

$80,000

2 bd · 2.0 ba · 672 sqft · Condo public records · 41 Days on market

Built 1969 $119/sqft · 24% below area Est $105k · 24% under $275/mo HOA · 14% of rent ↓ 20% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in the desirable Leisure Village Mobile Home Community 55+ community in Stuart, this 2-bedroom, 1.5-bath single-wide mobile home offers plenty of potential for the right buyer! Features include two large glass-enclosed porches, a connected workstation area, eat-in kitchen, and spacious living room. Enjoy being within walking distance to the community clubhouse featuring a pool, shuffleboard courts, library, and community kitchen for residents to enjoy. Conveniently located near shopping, dining, and everyday essentials. Bring your vision and your offer! A great opportunity to make this home your own while enjoying all the amenities this active Florida community has to offer.

Key facts

• Shuffleboard courts
• Eat-in kitchen
• Library

Tags

• CONNECTED WORKSTATION AREA
• EAT-IN KITCHEN
• SPACIOUS LIVING ROOM
• SHUFFLEBOARD COURTS
• LIBRARY
• COMMUNITY KITCHEN

Property features AI

Finance

• Financial info: Pets allowed with no restrictions
• HOA & community: Association with monthly fee; Monthly association fee includes grounds maintenance, trash, common area upkeep, recreation facility and pool service; Community amenities: pool, cabana, game room, shuffleboard court, library, lobby; Senior community

Exterior

• Parking: 2 total parking spaces; Attached carport (1 covered carport space); Driveway
• Utilities: Public water; Public sewer; Electricity connected (Three Phase); Cable available; Water available; Sewer available
• Home design: Single-wide mobile home; One story; Entry level living area; West-facing
• Construction: Aluminum siding; Modular construction; Aluminum skirting; Shingle roof; Built in resale condition
• Exterior features: Covered patio; Screened patio; Screened porch; Glass-enclosed porch; Patio; Porch; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Built-in features; Unfurnished
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $734 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.3% vs local median 4.1% in Stuart — 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 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
• Martin (suburban): math 52% / reading 53% proficiency, ranked #24 of 73 in FL (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pinewood Elementary School (math 37% / reading 39%, grade F, #1,587 of 2,144 statewide, top 74%, 726 students, 64% FRL); Dr. David L. Anderson Middle School (math 51% / reading 46%, grade C-, #274 of 571 statewide, top 50%, 1,035 students, 63% FRL) — zoned schools average 64% FRL vs 41% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 38% of the median local income ($63k/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 $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $5k (6%) 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,600 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.47% ✓
• Cap rate: 17.30%
• Cash-on-cash: 39.33%
• DSCR: 2.75
• GRM: 3.4

CMA / ARV

• ARV (median comp): $105,471
• List price: $80,000
• Delta: -24.15%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 31.5%
• Equity multiple: 2.26×
• Total profit: $28,198
• Equity at exit: $11,928

10-year hold

• IRR: 36.6%
• Equity multiple: 3.82×
• Total profit: $63,177
• Equity at exit: $6,917

Cash invested: $22,400 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,977 high
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$275
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $734

Break-even live

Break-even rent $1,048

Max offer price $80,000

Occupancy floor 58%

Sensitivity live

Price	-10% $789	-5% $762	+0% $734	+5% $706	+10% $679
Rent	-10% $578	-5% $656	+0% $734	+5% $812	+10% $890
Rate	-1.0pp $774	-0.5pp $754	base $734	+0.5pp $713	+1.0pp $692

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	15d	3	0.30mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	15d	16	0.55mi
1041 SE Monterey Rd Unit 2-4 Stuart, FL	1.0	1.0	424	$1,375	$3.24	22d	1	0.63mi
1081 SE Monterey Rd Unit 3-31 Stuart, FL	1.0	1.0	424	$1,200	$2.83	24d	1	0.65mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	24d	1	0.77mi
3800 S Kanner Hwy Stuart, FL	3.0	1.0–2.0	970	$2,604	$2.68	15d	21	1.06mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$2,000	$2.35	15d	4	1.13mi
906 SE Tarpon Ave Unit B Stuart, FL	1.0	1.0	600	$1,350	$2.25	24d	1	1.29mi

HOA detail condo

• Monthly dues: $275 · $3,300/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $80,000 Active 41 DOM
2. 2026-06-17
   days on market $80,000 Active 40 DOM
3. 2026-06-16
   days on market $80,000 Active 39 DOM
4. 2026-06-15
   days on market $80,000 Active 38 DOM
5. 2026-06-14
   days on market $80,000 Active 36 DOM
6. 2026-06-13
   days on market $80,000 Active 35 DOM
7. 2026-06-10
   days on market $80,000 Active 33 DOM
8. 2026-06-09
   days on market $80,000 Active 32 DOM
9. 2026-06-08
   days on market $80,000 Active 31 DOM
10. 2026-06-07
    pricedays on market $80,000 Active 30 DOM
11. 2026-06-03
    pricedays on market $85,000 Active 26 DOM
12. 2026-06-02
    days on market $75,000 Active 25 DOM
13. 2026-06-01
    days on market $75,000 Active 24 DOM
14. 2026-05-31
    days on market $75,000 Active 23 DOM
15. 2026-05-31
    days on market $75,000 Active 22 DOM
16. 2026-05-13
    price $75,000 691-char remark
17. 2026-05-07
    listed $85,000 Active 691-char remark
18. 2026-04-06
    historical
19. 2026-03-09
    price $92,000
20. 2026-01-25
    price $97,000
21. 2025-12-06
    listed $102,000 Active
22. 2025-11-10
    historical
23. 2025-09-17
    price $92,500
24. 2025-09-10
    listed $99,900 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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $23,727
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$1,898
• − Management: −$1,898
• − HOA: −$3,300
• − Depreciation: −$2,327
• Taxable income: $8,222
• Est. tax owed @ 24.0%: −$1,973
• After-tax cash flow: $6,836/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: Martin
• NCES district ID: 1201290
• Math proficiency: 52% ▼ -14.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $52,482
• Composite: 45.1/100
• National rank: #2690
• State rank: #24 of 73 in FL

Livability — Stuart

• Score: 84/100
• State rank: #39
• US rank: #790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

Population outlook (Martin County) Hauer SSP2

• Today (2025): 172,383 people
• By 2030: 180,192 · +4.5%
• By 2040: 194,114 · +12.6%
• By 2050: 204,992 · +18.9%
• By 2075: 229,641 · +33.2%
• By 2100: 232,146 · +34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 2% Other Indo-European 1%

Political lean MEDSL · Martin

• 2024 margin: Solid R (+31.1) · D 34.1% · R 65.2%
• 2008→2024 swing: -17.5pp toward R · 2008: -13.6pp · 2024: -31.1pp
• All cycles: 2024: R+31.1 2020: R+24.6 2016: R+26.9 2012: R+22.9 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• 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

-19.9% since first listed

11 events — show timeline

• 2026-06-03 Price Changed $80,000 Beaches MLS
• 2026-06-03 Price Changed $85,000 Beaches MLS
• 2026-05-13 Price Changed $75,000 Beaches MLS
• 2026-05-07 Listed $85,000 Beaches MLS
• 2026-04-06 Listing Removed — Beaches MLS
• 2026-03-09 Price Changed $92,000 Beaches MLS
• 2026-01-25 Price Changed $97,000 Beaches MLS
• 2025-12-06 Listed $102,000 Beaches MLS
• 2025-11-10 Listing Removed — Beaches MLS
• 2025-09-17 Price Changed $92,500 Beaches MLS
• 2025-09-10 Listed $99,900 Beaches MLS