4676 SE Basswood Ter · Port Salerno, FL 34997

$89,000

2 bd · 2.0 ba · 1,456 sqft · Manufactured · 154 Days on market

Built 1987 Fair condition $61/sqft · 16% below area Est $106k · 16% under $879/mo HOA · 39% of rent

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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 +27.6/30.0
• ARV discount +14.9/15.0
• 1% rule +10.0/10.0
• DSCR +9.7/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

55+ community, Lovely Spacious, Updated home with brand New AC and appliances

Key facts

• 3 parking spots
• Community pool
• Built 1987

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $89k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.1% in Port Salerno — 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 (#440 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: schools D, amenities F, commute F.
• 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 rising (+2.7%/yr); 588 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 34% of the median local income ($78k/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 $615 of loan paydown is wiped out by about $3k 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 + 2.7% rent growth), your $25k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 39% of rent.
• 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 $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.50% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.83%
• DSCR: 1.57
• GRM: 3.3

CMA / ARV

• ARV (median comp): $106,500
• List price: $89,000
• Delta: -16.43%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4492 SE Cottonwood Ter	0.24mi	2/2.0	1,456 (0%)	7mo	$135,000	$93	82
7252 SE Sweetwood Ter	0.11mi	2/2.0	1,372 (-6%)	3mo	$103,000	$75	82
4440 SE Sweetwood Way	0.41mi	2/2.0	1,440 (-1%)	1mo	$117,500	$82	78
4596 SE Basswood Ter	0.06mi	2/2.0	1,561 (+7%)	10mo	$147,000	$94	77
7117 SE Birchwood Ln	0.09mi	3/2.0 (+1)	1,568 (+8%)	13mo	$116,000	$74	68
7044 SE Birchwood Ln	0.42mi	3/2.0 (+1)	1,470 (+1%)	8mo	$139,000	$95	67
4280 SE Sweetwood Way	0.31mi	3/2.0 (+1)	1,560 (+7%)	5mo	$110,000	$71	65
4466 Heartwood Trl	0.59mi	2/2.0	1,500 (+3%)	8mo	$95,000	$63	61
4379 SE Sweetwood Way	0.48mi	3/2.0 (+1)	1,440 (-1%)	15mo	$150,000	$104	58
4474 SE Heartwood Trl	0.59mi	2/2.0	1,344 (-8%)	6mo	$79,000	$59	55
4478 Heartwood Trl	0.59mi	3/2.0 (+1)	1,612 (+11%)	4mo	$78,000	$48	46
4616 SE Circle Way	0.67mi	3/2.0 (+1)	1,286 (-12%)	11mo	$247,500	$192	35

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 · 2.71% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $2,478
• Equity at exit: $13,270

10-year hold

• IRR: 12.1%
• Equity multiple: 1.95×
• Total profit: $23,702
• Equity at exit: $7,695

Cash invested: $24,920 (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 34997

• Rents YoY: 2.7%
• Active inventory: 588
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,229 high
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$879
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $267

Break-even live

Break-even rent $1,891

Max offer price $89,000

Occupancy floor 83%

Sensitivity live

Price	-10% $328	-5% $297	+0% $267	+5% $236	+10% $205
Rent	-10% $90	-5% $178	+0% $267	+5% $355	+10% $443
Rate	-1.0pp $311	-0.5pp $289	base $267	+0.5pp $243	+1.0pp $220

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4987 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,650	$1.85	24d	1	0.29mi
5064 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1530	$2,400	$1.57	24d	1	0.33mi
5176 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1554	$2,400	$1.54	24d	1	0.33mi
5156 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,400	$1.67	24d	1	0.34mi
7073 SE Birchwood Ln Stuart, FL	2.0	2.0	1150	$1,750	$1.52	14d	1	0.38mi
6553 SE Federal Hwy Unit 10-102 Stuart, FL	2.0	2.0	969	$1,750	$1.81	24d	1	0.41mi
6551 SE Federal Hwy #104 Stuart, FL	2.0	2.0	969	$2,000	$2.06	14d	1	0.42mi
6551 SE Federal Hwy Stuart, FL	2.0	2.0	969	$1,825	$1.88	21d	2	0.42mi
6537 SE Federal Hwy #102 Stuart, FL	2.0	2.0	969	$1,845	$1.90	14d	1	0.42mi
6531 SE Federal Hwy Stuart, FL	2.0	2.0	1100	$1,725	$1.57	14d	2	0.46mi
6535 SE Federal Hwy Stuart, FL	2.0	2.0	967	$1,750	$1.81	24d	1	0.47mi
5152 SE Club Way #104 Stuart, FL	2.0	2.0	1358	$7,500	$5.52	14d	1	0.56mi
3882 SE Canvas Back Pl Stuart, FL	3.0	2.0	1575	$2,200	$1.40	24d	1	0.74mi
4421 SE Village Rd Stuart, FL	2.0	2.0	1080	$2,100	$1.94	24d	1	0.77mi
4939 SE Salvatori Rd Stuart, FL	3.0	2.0	1334	$2,500	$1.87	24d	1	0.82mi
5881 SE Windsong Ln Stuart, FL	2.0	2.5	1288	$2,100	$1.63	14d	1	1.09mi
5795 SE Mitzi Ln Stuart, FL	3.0	2.0	1315	$3,000	$2.28	24d	1	1.11mi
5636 SE Foxcross Pl Stuart, FL	2.0	2.0	1598	$9,000	$5.63	14d	1	1.16mi
6024 SE Crooked Oak Ave Hobe Sound, FL	3.0	2.0	1800	$3,200	$1.78	24d	1	1.19mi
6215 SE Georgetown Pl Hobe Sound, FL	2.0	2.0	1202	$2,600	$2.16	24d	1	1.20mi
5359 SE Dell St Stuart, FL	3.0	2.0	1272	$2,800	$2.20	24d	1	1.20mi
7960 SE Peppercorn Ct Hobe Sound, FL	2.0	2.0	1541	$2,950	$1.91	24d	1	1.21mi
8357 SE Double Tree Dr Hobe Sound, FL	2.0	2.0	1510	$2,950	$1.95	14d	1	1.27mi

HOA detail

• Monthly dues: $879 · $10,548/yr

Listing history 25 events

1. 2026-06-18
   days on market $89,000 Active 154 DOM
2. 2026-06-17
   days on market $89,000 Active 153 DOM
3. 2026-06-16
   days on market $89,000 Active 152 DOM
4. 2026-06-15
   days on market $89,000 Active 151 DOM
5. 2026-06-14
   days on market $89,000 Active 149 DOM
6. 2026-06-13
   days on market $89,000 Active 148 DOM
7. 2026-06-10
   days on market $89,000 Active 146 DOM
8. 2026-06-09
   days on market $89,000 Active 145 DOM
9. 2026-06-08
   days on market $89,000 Active 144 DOM
10. 2026-06-07
    days on market $89,000 Active 143 DOM
11. 2026-06-03
    days on market $89,000 Active 139 DOM
12. 2026-06-02
    days on market $89,000 Active 138 DOM
13. 2026-06-01
    days on market $89,000 Active 137 DOM
14. 2026-05-31
    days on market $89,000 Active 136 DOM
15. 2026-05-31
    days on market $89,000 Active 135 DOM
16. 2026-03-19
    price $89,000 77-char remark

    Show marketing remark (77 chars)

    55+ community, Lovely Spacious, Updated home with brand New AC and appliances

17. 2026-01-15
    listed $99,000 Active 77-char remark

    Show marketing remark (77 chars)

    55+ community, Lovely Spacious, Updated home with brand New AC and appliances

18. 2022-08-26
    soldstatus $78,000 Closed 1058-char remark

    Show marketing remark (1058 chars)

    LARGE (1456 sf) 2 Bedrm/2 Bath Doublewide Manuf Home in Pinelake Gardens & Estates 55+ community in South Stuart. This home has an open floor plan w large center island kitchen open to the LR & Family Room. There is also an office nook for your computer. Both Bedrms have attached full baths. The Master is large w both a double closet & a walk in closet. The Master Bath has dual sinks a soaking tub & a step in shower. This is one of the most popular models due to it's size & layout. There is also a very large lanai on the side of the home w attached utility/laundry room. Another Storage shed under the carport. AMS Aluminum roof over w added insulation. Pinelake Gardens & Estates is an active 55+ community w 2 Clubhouses, 2 heated pools/spas, shuffleboard, bocce, tennis & a host of clubs & activities. 2 large dogs allowed w prior permission of mgmt. Lot rent of $683.44/Month incl trash removal & all the amenities. Minutes to ocean beaches, shopping & entertainment. Furniture negotiable

19. 2022-08-04
    status Pending 1058-char remark

    Show marketing remark (1058 chars)

    LARGE (1456 sf) 2 Bedrm/2 Bath Doublewide Manuf Home in Pinelake Gardens & Estates 55+ community in South Stuart. This home has an open floor plan w large center island kitchen open to the LR & Family Room. There is also an office nook for your computer. Both Bedrms have attached full baths. The Master is large w both a double closet & a walk in closet. The Master Bath has dual sinks a soaking tub & a step in shower. This is one of the most popular models due to it's size & layout. There is also a very large lanai on the side of the home w attached utility/laundry room. Another Storage shed under the carport. AMS Aluminum roof over w added insulation. Pinelake Gardens & Estates is an active 55+ community w 2 Clubhouses, 2 heated pools/spas, shuffleboard, bocce, tennis & a host of clubs & activities. 2 large dogs allowed w prior permission of mgmt. Lot rent of $683.44/Month incl trash removal & all the amenities. Minutes to ocean beaches, shopping & entertainment. Furniture negotiable

20. 2022-07-29
    status Active 1058-char remark

    Show marketing remark (1058 chars)

    LARGE (1456 sf) 2 Bedrm/2 Bath Doublewide Manuf Home in Pinelake Gardens & Estates 55+ community in South Stuart. This home has an open floor plan w large center island kitchen open to the LR & Family Room. There is also an office nook for your computer. Both Bedrms have attached full baths. The Master is large w both a double closet & a walk in closet. The Master Bath has dual sinks a soaking tub & a step in shower. This is one of the most popular models due to it's size & layout. There is also a very large lanai on the side of the home w attached utility/laundry room. Another Storage shed under the carport. AMS Aluminum roof over w added insulation. Pinelake Gardens & Estates is an active 55+ community w 2 Clubhouses, 2 heated pools/spas, shuffleboard, bocce, tennis & a host of clubs & activities. 2 large dogs allowed w prior permission of mgmt. Lot rent of $683.44/Month incl trash removal & all the amenities. Minutes to ocean beaches, shopping & entertainment. Furniture negotiable

21. 2022-07-25
    status Pending 1058-char remark

    Show marketing remark (1058 chars)

    LARGE (1456 sf) 2 Bedrm/2 Bath Doublewide Manuf Home in Pinelake Gardens & Estates 55+ community in South Stuart. This home has an open floor plan w large center island kitchen open to the LR & Family Room. There is also an office nook for your computer. Both Bedrms have attached full baths. The Master is large w both a double closet & a walk in closet. The Master Bath has dual sinks a soaking tub & a step in shower. This is one of the most popular models due to it's size & layout. There is also a very large lanai on the side of the home w attached utility/laundry room. Another Storage shed under the carport. AMS Aluminum roof over w added insulation. Pinelake Gardens & Estates is an active 55+ community w 2 Clubhouses, 2 heated pools/spas, shuffleboard, bocce, tennis & a host of clubs & activities. 2 large dogs allowed w prior permission of mgmt. Lot rent of $683.44/Month incl trash removal & all the amenities. Minutes to ocean beaches, shopping & entertainment. Furniture negotiable

22. 2022-07-22
    listed $79,900 Active 1058-char remark

    Show marketing remark (1058 chars)

    LARGE (1456 sf) 2 Bedrm/2 Bath Doublewide Manuf Home in Pinelake Gardens & Estates 55+ community in South Stuart. This home has an open floor plan w large center island kitchen open to the LR & Family Room. There is also an office nook for your computer. Both Bedrms have attached full baths. The Master is large w both a double closet & a walk in closet. The Master Bath has dual sinks a soaking tub & a step in shower. This is one of the most popular models due to it's size & layout. There is also a very large lanai on the side of the home w attached utility/laundry room. Another Storage shed under the carport. AMS Aluminum roof over w added insulation. Pinelake Gardens & Estates is an active 55+ community w 2 Clubhouses, 2 heated pools/spas, shuffleboard, bocce, tennis & a host of clubs & activities. 2 large dogs allowed w prior permission of mgmt. Lot rent of $683.44/Month incl trash removal & all the amenities. Minutes to ocean beaches, shopping & entertainment. Furniture negotiable

23. 2021-06-11
    soldstatus $58,500 Closed
24. 2021-05-31
    status Pending
25. 2021-04-10
    listed $60,000 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 4/10 Moderate
• 🌡 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,743
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$2,139
• − Management: −$2,139
• − HOA: −$10,548
• − Depreciation: −$2,589
• Taxable income: $2,562
• Est. tax owed @ 24.0%: −$615
• After-tax cash flow: $2,583/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

Fair 45/100 Moderate rehab

The home is in fair condition with moderate updates needed. It has a good foundation and roof, but the interior needs updates to kitchen and bathrooms, and flooring. The location in a 55+ community adds value.

Repairs flagged

• Minor kitchen backsplash — simple update to modernize
• Minor bathroom vanity — update to modern style
• Moderate flooring — replace carpet with hardwood or tile

Value-add opportunities

• Resale update kitchen backsplash — modernizes the space
• Resale update bathroom vanity — modernizes the space
• Both replace carpet with hardwood or tile — improves aesthetics and functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · simple update to modernize	Minor	$500–3,000
bathroom vanity · update to modern style	Minor	$500–3,000
flooring · replace carpet with hardwood or tile	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Resale update kitchen backsplash — modernizes the space ↑
• Resale update bathroom vanity — modernizes the space ↑
• Both replace carpet with hardwood or tile — improves aesthetics and functionality ↑

ⓘ 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 — Port Salerno

• Score: 70/100
• State rank: #440
• US rank: #7873

Category grades

Amenities F Commute F Cost of living B Crime A 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
• Metro: Port St. Lucie, FL
• Population (ZIP): 47,075
• Household income: $78,136
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 1323.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 14% French/Haitian/Cajun 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: ▼ -319.78%
• Current HPI: 336.7717
• Rent YoY: ▲ 2.71%
• 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

+48.3% since first listed

10 events — show timeline

• 2026-03-19 Price Changed $89,000 MCRTC
• 2026-01-15 Listed $99,000 MCRTC
• 2022-08-26 Sold (MLS) $78,000 MCRTC
• 2022-08-04 Pending — MCRTC
• 2022-07-29 Relisted — MCRTC
• 2022-07-25 Pending — MCRTC
• 2022-07-22 Listed $79,900 MCRTC
• 2021-06-11 Sold (MLS) $58,500 MCRTC
• 2021-05-31 Pending — MCRTC
• 2021-04-10 Listed $60,000 MCRTC