463 Onyx Way · Jensen Beach, FL 34957

$45,000

2 bd · 2.0 ba · 1,106 sqft · Manufactured · 64 Days on market

Built 1980 Good condition $41/sqft · 39% below area Est $74k · 39% under $10/mo HOA ↓ 44% since listing

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.5/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and beautifully maintained 2BR/2BA home offering nearly 1,200 sq ft in a welcoming 55+ community. This move in ready property features an upgraded kitchen with modern finishes, large living area and a new roof for added peace of mind. The outdoor space is ideal for relaxing or entertaining. Located just minutes from beaches, dining, and shopping in Jensen Beach. Lot rent is $805 per month and includes cable, trash removal, recycling and all the amenities of the clubhouse.

Key facts

• Dining and shopping
• Large living area
• Minutes from beaches

Tags

• UPGRADED KITCHEN
• LARGE LIVING AREA
• NEW ROOF
• OUTDOOR SPACE
• MINUTES FROM BEACHES
• DINING AND SHOPPING

🏷️ Possibly a rental listed for sale. The $45,000 price doesn't fit this home's estimated sale value (~$74,164) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $45k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Recommended offer: $42k (6.0% below list) — sets the bar for market timing.
• Cap rate 45.3% vs local median 4.1% in Jensen Beach — 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 70/100 on livability (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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: Jensen Beach Elementary School (math 67% / reading 67%, grade B+, #450 of 2,144 statewide, top 22%, 558 students, 45% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: Rents rising (+1.0%/yr); 538 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 ($70k/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 $311 of loan paydown is wiped out by about $1k 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 + 1.0% rent growth), your $13k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $17k (27%) 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $42,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Schools are B-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?
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: 5.01% ✓
• Cap rate: 45.25%
• Cash-on-cash: 139.14%
• DSCR: 7.19
• GRM: 1.7

CMA / ARV

• ARV (median comp): $74,164
• List price: $45,000
• Delta: -16.40%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
309 NE Pinelake Village Blvd	0.11mi	2/2.0	1,100 (-0%)	0mo	$95,000	$86	94
300 NE Opal Dr	0.09mi	2/2.0	1,080 (-2%)	9mo	$79,000	$73	84
434 NE Topaz Ter	0.12mi	2/2.0	1,152 (+4%)	6mo	$50,000	$43	82
151 Sharyon Ln	0.36mi	2/2.0	1,152 (+4%)	4mo	$89,000	$77	73
4 N North Warner Dr	0.43mi	2/2.0	1,152 (+4%)	2mo	$62,500	$54	72
75 S Warner Dr	0.41mi	2/2.0	1,200 (+8%)	14mo	$49,900	$42	55
609 Garden Vw	0.46mi	2/2.0	1,016 (-8%)	16mo	$89,000	$88	52
301 NE Coastal Dr	0.74mi	2/2.0	1,040 (-6%)	4mo	$315,000	$303	52

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.46×
• Total profit: $81,345
• Equity at exit: $6,710

10-year hold

• IRR: —
• Equity multiple: 14.75×
• Total profit: $173,268
• Equity at exit: $3,891

Cash invested: $12,600 (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 34957

• Rents YoY: 1.0%
• Active inventory: 538
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $2,256 high
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$10
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $1,461

Break-even live

Break-even rent $406

Max offer price $45,000

Occupancy floor 30%

Sensitivity live

Price	-10% $1,492	-5% $1,476	+0% $1,461	+5% $1,445	+10% $1,430
Rent	-10% $1,283	-5% $1,372	+0% $1,461	+5% $1,550	+10% $1,639
Rate	-1.0pp $1,484	-0.5pp $1,472	base $1,461	+0.5pp $1,449	+1.0pp $1,437

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	15d	1	0.27mi
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	25d	1	0.32mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	15d	1	0.38mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	25d	1	0.46mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	25d	1	0.50mi
1550 NE 13th Ter Unit B16 Jensen Beach, FL	2.0	2.0	1272	$1,800	$1.42	25d	1	0.56mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	25d	1	0.58mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	15d	1	0.60mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	25d	1	0.60mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	25d	1	0.62mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	25d	1	0.62mi
1903 NE Media Ave Jensen Beach, FL	2.0	2.0	1324	$2,400	$1.81	25d	1	0.70mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	25d	1	0.71mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	25d	1	0.75mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	25d	1	0.75mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	15d	1	0.75mi
2831 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1248	$3,000	$2.40	25d	1	0.92mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	25d	1	0.97mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	25d	1	1.03mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	25d	1	1.07mi
590 NE Lima Vias Jensen Beach, FL	2.0	2.0	1295	$3,300	$2.55	25d	1	1.09mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	15d	1	1.11mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	25d	1	1.12mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	25d	1	1.13mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	15d	27	1.15mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	25d	1	1.35mi

HOA detail

• Monthly dues: $10 · $120/yr
• Likely covers: trashcable

Listing history 33 events

1. 2026-06-21
   pricedays on market $45,000 Active 64 DOM
2. 2026-06-18
   days on market $62,000 Active 61 DOM
3. 2026-06-17
   days on market $62,000 Active 60 DOM
4. 2026-06-16
   days on market $62,000 Active 59 DOM
5. 2026-06-15
   days on market $62,000 Active 58 DOM
6. 2026-06-14
   days on market $62,000 Active 56 DOM
7. 2026-06-13
   days on market $62,000 Active 55 DOM
8. 2026-06-10
   days on market $62,000 Active 53 DOM
9. 2026-06-09
   days on market $62,000 Active 52 DOM
10. 2026-06-08
    days on market $62,000 Active 51 DOM
11. 2026-06-07
    days on market $62,000 Active 50 DOM
12. 2026-06-03
    days on market $62,000 Active 46 DOM
13. 2026-06-02
    days on market $62,000 Active 45 DOM
14. 2026-06-01
    days on market $62,000 Active 44 DOM
15. 2026-05-31
    days on market $62,000 Active 43 DOM
16. 2026-05-31
    days on market $62,000 Active 42 DOM
17. 2026-04-18
    listed $62,000 Active 485-char remark

    Show marketing remark (485 chars)

    Spacious and beautifully maintained 2BR/2BA home offering nearly 1,200 sq ft in a welcoming 55+ community. This move in ready property features an upgraded kitchen with modern finishes, large living area and a new roof for added peace of mind. The outdoor space is ideal for relaxing or entertaining. Located just minutes from beaches, dining, and shopping in Jensen Beach. Lot rent is $805 per month and includes cable, trash removal, recycling and all the amenities of the clubhouse.

18. 2025-10-16
    soldstatus $50,000 Closed 744-char remark

    Show marketing remark (744 chars)

    Welcome to 463 Onyx Way, a delightful 2-bedroom, 2-bathroom manufactured home nestled in the sought-after 55+ community of Pinelake Village in Jensen Beach. With 1,440 sq ft of living space, this home offers comfort, convenience, and unbeatable value. I has a spacious living room and large master suite, a bright Florida room perfect for relaxing or entertaining, new metal roof and laminate flooring throughout. There's ample storage with walk-in closets, pantry and large shed. It has an attached carport with 2+ parking spaces. It is on leased land and lot rent is $765 per month. Whether you're looking for a seasonal retreat or a full-time residence, Pinelake Village offers a peaceful lifestyle close to beaches, shopping, and dining.

19. 2025-10-08
    status Pending 744-char remark

    Show marketing remark (744 chars)

    Welcome to 463 Onyx Way, a delightful 2-bedroom, 2-bathroom manufactured home nestled in the sought-after 55+ community of Pinelake Village in Jensen Beach. With 1,440 sq ft of living space, this home offers comfort, convenience, and unbeatable value. I has a spacious living room and large master suite, a bright Florida room perfect for relaxing or entertaining, new metal roof and laminate flooring throughout. There's ample storage with walk-in closets, pantry and large shed. It has an attached carport with 2+ parking spaces. It is on leased land and lot rent is $765 per month. Whether you're looking for a seasonal retreat or a full-time residence, Pinelake Village offers a peaceful lifestyle close to beaches, shopping, and dining.

20. 2025-09-04
    price $59,900 744-char remark

    Show marketing remark (744 chars)

    Welcome to 463 Onyx Way, a delightful 2-bedroom, 2-bathroom manufactured home nestled in the sought-after 55+ community of Pinelake Village in Jensen Beach. With 1,440 sq ft of living space, this home offers comfort, convenience, and unbeatable value. I has a spacious living room and large master suite, a bright Florida room perfect for relaxing or entertaining, new metal roof and laminate flooring throughout. There's ample storage with walk-in closets, pantry and large shed. It has an attached carport with 2+ parking spaces. It is on leased land and lot rent is $765 per month. Whether you're looking for a seasonal retreat or a full-time residence, Pinelake Village offers a peaceful lifestyle close to beaches, shopping, and dining.

21. 2025-07-31
    listed $65,900 Active 744-char remark

    Show marketing remark (744 chars)

    Welcome to 463 Onyx Way, a delightful 2-bedroom, 2-bathroom manufactured home nestled in the sought-after 55+ community of Pinelake Village in Jensen Beach. With 1,440 sq ft of living space, this home offers comfort, convenience, and unbeatable value. I has a spacious living room and large master suite, a bright Florida room perfect for relaxing or entertaining, new metal roof and laminate flooring throughout. There's ample storage with walk-in closets, pantry and large shed. It has an attached carport with 2+ parking spaces. It is on leased land and lot rent is $765 per month. Whether you're looking for a seasonal retreat or a full-time residence, Pinelake Village offers a peaceful lifestyle close to beaches, shopping, and dining.

22. 2025-06-12
    soldstatus $10,000 Closed
23. 2025-05-31
    historical Active Under Contract
24. 2025-05-30
    price $10,000
25. 2025-05-13
    price $79,000
26. 2025-03-05
    price $88,500
27. 2025-02-14
    listed $94,500 Active
28. 2025-02-11
    historical
29. 2025-01-24
    price $94,500
30. 2024-11-13
    price $99,500
31. 2024-09-17
    price $102,500
32. 2024-08-19
    price $104,500
33. 2024-06-20
    listed $110,000 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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,067
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$2,165
• − Management: −$2,165
• − HOA: −$120
• − Depreciation: −$1,309
• Taxable income: $17,887
• Est. tax owed @ 24.0%: −$4,293
• After-tax cash flow: $13,238/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 move-in ready 2BR/2BA manufactured home in a 55+ community offers a good condition with an upgraded kitchen and new roof. It has a good curb appeal and is located near amenities.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace outdoor light fixture — Improves safety and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace outdoor light fixture — Improves safety and aesthetics ↑

ⓘ 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: 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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-43.6% since first listed

17 events — show timeline

• 2026-04-18 Listed $62,000 Beaches MLS
• 2025-10-16 Sold (MLS) $50,000 Beaches MLS
• 2025-10-08 Pending — Beaches MLS
• 2025-09-04 Price Changed $59,900 Beaches MLS
• 2025-07-31 Listed $65,900 Beaches MLS
• 2025-06-12 Sold (MLS) $10,000 Beaches MLS
• 2025-05-31 Contingent — Beaches MLS
• 2025-05-30 Price Changed $10,000 Beaches MLS
• 2025-05-13 Price Changed $79,000 Beaches MLS
• 2025-03-05 Price Changed $88,500 Beaches MLS
• 2025-02-14 Listed $94,500 Beaches MLS
• 2025-02-11 Listing Removed — Beaches MLS
• 2025-01-24 Price Changed $94,500 Beaches MLS
• 2024-11-13 Price Changed $99,500 Beaches MLS
• 2024-09-17 Price Changed $102,500 Beaches MLS
• 2024-08-19 Price Changed $104,500 Beaches MLS
• 2024-06-20 Listed $110,000 Beaches MLS