7380 129th Pl · Roseland, FL 32958

$225,000

2 bd · 2.0 ba · 980 sqft · Manufactured public records · 18 Days on market

Built 1989 0.26 ac lot Est $232k · at est.

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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 +15.1/30.0
• ARV discount +8.9/15.0
• DSCR +4.6/10.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +3.9/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks! Situated within site of the scenic Sebastian river a tourist and local destination for fishermen and vacationers who soak up the scenic views and abundant wildlife on display. Home feat 3 beds 2 baths on a large lot with no HOA. Deeded Doc access available shared with fellow neighbors to enjoy. Ready for some Reno or a complete rebuild on its valuable land just a short walk to the riverfront strip with restaurants and bars serving up today's fresh catch. Jet Ski and boat rentals within walking distance with several public boat launches in every direction just seconds away.

Key facts

• Deeded doc access
• Large lot
• Restaurants and bars

Tags

• SCENIC SEBASTIAN RIVER
• DEEDED DOC ACCESS
• LARGE LOT
• SHORT WALK TO RIVERFRONT STRIP
• RESTAURANTS AND BARS
• JET SKI AND BOAT RENTALS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $74 ($891/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (18.4% below list).
• Recommended offer: $184k (18.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#203 in FL, #3,162 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: employment C-, schools F, amenities F.
• Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.2%/yr); 412 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 33% of the median local income ($67k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $185k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $183,562 (18.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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?
4. 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.
5. 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.
6. 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: 0.82% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.41%
• DSCR: 1.06
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $232,260
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12939 N Indian River Dr #21	0.12mi	2/2.0	945 (-4%)	11mo	$295,000	$312	79
12925 74th Ct	0.07mi	3/2.0 (+1)	1,012 (+3%)	14mo	$240,000	$237	75
7680 129th St	0.72mi	3/2.0 (+1)	1,104 (+13%)	22mo	$250,000	$226	22

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 · 6.22% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.59×
• Total profit: $-25,672
• Equity at exit: $33,548

10-year hold

• IRR: 2.0%
• Equity multiple: 1.16×
• Total profit: $10,318
• Equity at exit: $19,454

Cash invested: $63,000 (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 32958

• Home prices YoY: -13.1%
• Rents YoY: 6.2%
• Active inventory: 412
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,836 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$102 /mo · $1,226/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $74

Break-even live

Break-even rent $1,742

Max offer price $225,000

Occupancy floor 91%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8042 126th Ln Sebastian, FL	3.0	1.5	1037	$1,550	$1.49	21d	1	1.11mi
950 Louisiana Ave Sebastian, FL	2.0	1.5	990	$1,550	$1.57	21d	1	1.40mi

Listing history 7 events

1. 2026-04-14
   soldstatus $185,000
2. 2026-04-09
   soldstatus $185,000 Closed 599-char remark

   Show marketing remark (599 chars)

   Opportunity knocks! Situated within site of the scenic Sebastian river a tourist and local destination for fishermen and vacationers who soak up the scenic views and abundant wildlife on display. Home feat 3 beds 2 baths on a large lot with no HOA. Deeded Doc access available shared with fellow neighbors to enjoy. Ready for some Reno or a complete rebuild on its valuable land just a short walk to the riverfront strip with restaurants and bars serving up today's fresh catch. Jet Ski and boat rentals within walking distance with several public boat launches in every direction just seconds away.

3. 2026-03-16
   historical Active Under Contract 599-char remark

   Show marketing remark (599 chars)

   Opportunity knocks! Situated within site of the scenic Sebastian river a tourist and local destination for fishermen and vacationers who soak up the scenic views and abundant wildlife on display. Home feat 3 beds 2 baths on a large lot with no HOA. Deeded Doc access available shared with fellow neighbors to enjoy. Ready for some Reno or a complete rebuild on its valuable land just a short walk to the riverfront strip with restaurants and bars serving up today's fresh catch. Jet Ski and boat rentals within walking distance with several public boat launches in every direction just seconds away.

4. 2026-03-16
   status Pending

   Show marketing remark (599 chars)

   Opportunity knocks! Situated within site of the scenic Sebastian river a tourist and local destination for fishermen and vacationers who soak up the scenic views and abundant wildlife on display. Home feat 3 beds 2 baths on a large lot with no HOA. Deeded Doc access available shared with fellow neighbors to enjoy. Ready for some Reno or a complete rebuild on its valuable land just a short walk to the riverfront strip with restaurants and bars serving up today's fresh catch. Jet Ski and boat rentals within walking distance with several public boat launches in every direction just seconds away.

5. 2026-02-26
   listed $225,000 Active
6. 2026-02-21
   listed $225,000 Active 599-char remark

   Show marketing remark (599 chars)

   Opportunity knocks! Situated within site of the scenic Sebastian river a tourist and local destination for fishermen and vacationers who soak up the scenic views and abundant wildlife on display. Home feat 3 beds 2 baths on a large lot with no HOA. Deeded Doc access available shared with fellow neighbors to enjoy. Ready for some Reno or a complete rebuild on its valuable land just a short walk to the riverfront strip with restaurants and bars serving up today's fresh catch. Jet Ski and boat rentals within walking distance with several public boat launches in every direction just seconds away.

7. 1999-06-15
   soldstatus $50,000

ⓘ 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: $1,226 · $102/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$641/yr (+$53/mo · 52.3%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,027
• − Mortgage interest: −$12,603
• − Property taxes: −$1,226
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,762
• − Management: −$1,762
• − Depreciation: −$6,545
• Taxable loss: −$2,997
• Est. tax savings @ 24.0%: +$719
• After-tax cash flow: $1,611/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: Indian River
• NCES district ID: 1200930
• Math proficiency: 48% ▼ -9.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $46,597
• Composite: 42.45/100
• National rank: #3218
• State rank: #35 of 73 in FL

Livability — Roseland

• Score: 77/100
• State rank: #203
• US rank: #3162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roseland, FL
• County: Indian River County · 143,738 people
• City population: 30,023
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 30,023
• Household income: $66,840
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 646.0

Population outlook (Indian River County) Hauer SSP2

• Today (2025): 165,104 people
• By 2030: 172,869 · +4.7%
• By 2040: 185,640 · +12.4%
• By 2050: 194,465 · +17.8%
• By 2075: 211,115 · +27.9%
• By 2100: 211,781 · +28.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 7% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 3%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Indian River

• 2024 margin: Strong R (+27.4) · D 36.0% · R 63.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.85%
• Current HPI: 330.1691
• Rent YoY: ▲ 6.22%
• Metro: Sebastian-Vero Beach, 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

+270.0% since first listed

7 events — show timeline

• 2026-04-14 Sold (Public Records) $185,000 Public Records
• 2026-04-09 Sold (MLS) $185,000 RAIRCMLS
• 2026-03-16 Contingent — RAIRCMLS
• 2026-03-16 Pending — SCMLS
• 2026-02-26 Listed $225,000 SCMLS
• 2026-02-21 Listed $225,000 RAIRCMLS
• 1999-06-15 Sold (Public Records) $50,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $1,226 · +24.4% YoY. Source: county tax records.