82 NE 15th Ter · Jensen Beach, FL 34994

$149,900

1 bd · 1.0 ba · 720 sqft · Manufactured public records · 207 Days on market

Built 1970 0.26 ac lot $208/sqft · 50% below area

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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 +27.1/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Waterfront 3br 1 bath Mobile Home

Key facts

• 0.26 acre lot
• Built 1970
• Listed 207 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $423 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 34% 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 $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 207 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $105k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 207 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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. 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: 1.17% ✓
• Cap rate: 9.68%
• Cash-on-cash: 12.09%
• DSCR: 1.54
• GRM: 7.1

CMA / ARV

• ARV (median comp): $300,655
• List price: $149,900
• Delta: -50.14%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -1.6%
• Equity multiple: 0.94×
• Total profit: $-2,519
• Equity at exit: $22,351

10-year hold

• IRR: 4.7%
• Equity multiple: 1.30×
• Total profit: $12,516
• Equity at exit: $12,961

Cash invested: $41,972 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,758 high
• Mortgage (P&I): −$786
• Tax from tax record: −$118 /mo · $1,411/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $423

Break-even live

Break-even rent $1,223

Max offer price $149,900

Occupancy floor 71%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$1,901	$2.00	14d	27	0.40mi
800 NW Fork Rd Stuart, FL	1.0–2.0	1.0–2.0	886	$1,800	$2.03	14d	2	0.93mi
1900 NW Federal Hwy Stuart, FL	1.0–2.0	1.0–2.0	1013	$2,165	$2.14	14d	21	0.99mi
2201 NW Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1080	$1,810	$1.68	14d	18	1.07mi
1010 NW Fresco Way Jensen Beach, FL	1.0–3.0	1.0–2.0	1011	$1,725	$1.71	14d	10	1.15mi
1225 NW 21st St Unit 35-3512 Stuart, FL	1.0	1.5	747	$1,395	$1.87	23d	1	1.23mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,350	$1.75	14d	1	1.24mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,500	$1.94	21d	3	1.24mi
1225 NW 21st St Unit 7-705 Stuart, FL	1.0	1.5	747	$1,550	$2.07	14d	1	1.24mi

Listing history 27 events

1. 2026-06-18
   days on market $149,900 Active 207 DOM
2. 2026-06-17
   days on market $149,900 Active 206 DOM
3. 2026-06-16
   days on market $149,900 Active 205 DOM
4. 2026-06-15
   days on market $149,900 Active 204 DOM
5. 2026-06-14
   days on market $149,900 Active 202 DOM
6. 2026-06-13
   days on market $149,900 Active 201 DOM
7. 2026-06-10
   days on market $149,900 Active 199 DOM
8. 2026-06-09
   days on market $149,900 Active 198 DOM
9. 2026-06-08
   days on market $149,900 Active 197 DOM
10. 2026-06-07
    days on market $149,900 Active 196 DOM
11. 2026-06-03
    days on market $149,900 Active 192 DOM
12. 2026-06-02
    days on market $149,900 Active 191 DOM
13. 2026-06-01
    days on market $149,900 Active 190 DOM
14. 2026-05-31
    days on market $149,900 Active 189 DOM
15. 2026-05-31
    days on market $149,900 Active 188 DOM
16. 2026-01-22
    soldstatus $105,000
17. 2025-11-23
    listed $149,900 Active 33-char remark

    Show marketing remark (33 chars)

    Waterfront 3br 1 bath Mobile Home

18. 2023-09-08
    soldstatus $124,500
19. 2023-08-10
    soldstatus $124,500 Closed 422-char remark

    Show marketing remark (422 chars)

    Great location in stuart lake views. You actually own the land as well! Great rental income property This is a 2/1/ plus has an extra room. Its a single wide trailer with lake views. Has an oversized lot . 26. Partially updated with flooring in the living room bedroom and bathroom. Has a wall over and top stove Some new paneling. Has a carport and a large shed in back yard. and is much larger than others in the area.

20. 2023-07-29
    status Pending 422-char remark

    Show marketing remark (422 chars)

    Great location in stuart lake views. You actually own the land as well! Great rental income property This is a 2/1/ plus has an extra room. Its a single wide trailer with lake views. Has an oversized lot . 26. Partially updated with flooring in the living room bedroom and bathroom. Has a wall over and top stove Some new paneling. Has a carport and a large shed in back yard. and is much larger than others in the area.

21. 2023-07-25
    price $124,999 422-char remark

    Show marketing remark (422 chars)

    Great location in stuart lake views. You actually own the land as well! Great rental income property This is a 2/1/ plus has an extra room. Its a single wide trailer with lake views. Has an oversized lot . 26. Partially updated with flooring in the living room bedroom and bathroom. Has a wall over and top stove Some new paneling. Has a carport and a large shed in back yard. and is much larger than others in the area.

22. 2023-07-20
    price $126,999 422-char remark

    Show marketing remark (422 chars)

    Great location in stuart lake views. You actually own the land as well! Great rental income property This is a 2/1/ plus has an extra room. Its a single wide trailer with lake views. Has an oversized lot . 26. Partially updated with flooring in the living room bedroom and bathroom. Has a wall over and top stove Some new paneling. Has a carport and a large shed in back yard. and is much larger than others in the area.

23. 2023-07-10
    listed $129,999 Active 422-char remark

    Show marketing remark (422 chars)

    Great location in stuart lake views. You actually own the land as well! Great rental income property This is a 2/1/ plus has an extra room. Its a single wide trailer with lake views. Has an oversized lot . 26. Partially updated with flooring in the living room bedroom and bathroom. Has a wall over and top stove Some new paneling. Has a carport and a large shed in back yard. and is much larger than others in the area.

24. 2023-03-29
    soldstatus $75,000
25. 2023-03-06
    soldstatus $75,000 Closed
26. 2022-10-24
    status Pending
27. 2022-10-14
    listed $85,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,411 · $118/mo
• Projected year-2 tax: $1,411 · $118/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 48% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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

Taxation est. · year 1

• Rental income: $21,101
• − Mortgage interest: −$8,397
• − Property taxes: −$1,411
• − Insurance: −$750
• − Repairs & maintenance: −$1,688
• − Management: −$1,688
• − Depreciation: −$4,361
• Taxable income: $2,807
• Est. tax owed @ 24.0%: −$674
• After-tax cash flow: $4,402/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 — 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): 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

+23.5% since first listed

12 events — show timeline

• 2026-01-22 Sold (Public Records) $105,000 Public Records
• 2025-11-23 Listed $149,900 ForSaleByOwner.com
• 2023-09-08 Sold (Public Records) $124,500 Public Records
• 2023-08-10 Sold (MLS) $124,500 Beaches MLS
• 2023-07-29 Pending — Beaches MLS
• 2023-07-25 Price Changed $124,999 Beaches MLS
• 2023-07-20 Price Changed $126,999 Beaches MLS
• 2023-07-10 Listed $129,999 Beaches MLS
• 2023-03-29 Sold (Public Records) $75,000 Public Records
• 2023-03-06 Sold (MLS) $75,000 Beaches MLS
• 2022-10-24 Pending — Beaches MLS
• 2022-10-14 Listed $85,000 Beaches MLS

Property tax history

+15.1%/yr

Latest (2025): $1,411 · -1.4% YoY. Source: county tax records.