54 Calle De Lagos · Lakewood Park, FL 34951

$49,900

2 bd · 2.0 ba · 1,200 sqft · Manufactured · 87 Days on market

Built 1984 Good condition Est $46k · 9% over

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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 +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Condition / age +3.8/5.0
• Schools +3.7/10.0
• ARV discount +3.3/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Well-maintained 2-bedroom 2-bath home in desirable 55+ Spanish Lakes community. This home backs up to a private wooded area. The home has many major improvements. New metal roof 2024, A/C replaced in 2023, Water heater 2023, Vapor barrier 2023, Patio windows replaced 2025. Driveway painted in 2025. This home has built-ins for added storage. Open kitchen with an island. Home is being sold partially furnished. The home has brick skirting and pavers around the home. Nicely landscaped. Close to the entrance of the park. Partial water view from the front of the home. . Lawn care and trash removal are included in the lot rent. The community features two pools, tennis, pickleball, bocce ball, and

Key facts

• New metal roof
• Vapor barrier
• Water heater

Tags

• PRIVATE WOODED AREA
• NEW METAL ROOF
• A/C REPLACED
• WATER HEATER
• VAPOR BARRIER
• PATIO WINDOWS REPLACED

Property features AI

Finance

• Other: Land lease expires 2027-03-01
• Financial info: Monthly land lease required
• HOA & community: Located in a senior community; Pets allowed (restrictions possible)

Exterior

• Parking: Attached carport; Covered carport with 2 spaces (total parking for 2)
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Manufactured home; Single-story; West-facing; Resale condition
• Construction: Aluminum siding; Modular construction
• Exterior features: Not waterfront; Metal roof

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air; Ceiling fan(s)
• Interior features: Kitchen island; Partially furnished
• Laundry & utility: Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 40.7% vs local median 5.7% in Lakewood Park — 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 63/100 on livability (#719 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 292 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 43% 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 $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 4.50% ✓
• Cap rate: 40.68%
• Cash-on-cash: 122.81%
• DSCR: 6.46
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $45,600
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5 Grande Camino Pl	0.20mi	2/2.0	1,200 (0%)	20mo	$50,495	$42	74
65 Las Casitas Ct	0.25mi	2/2.0	1,316 (+10%)	15mo	$50,000	$38	59
2 Villa Maria	0.60mi	2/2.0	1,164 (-3%)	16mo	$24,695	$21	53

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.94×
• Total profit: $83,021
• Equity at exit: $7,440

10-year hold

• IRR: —
• Equity multiple: 14.58×
• Total profit: $189,703
• Equity at exit: $4,314

Cash invested: $13,972 (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 34951

• Home prices YoY: -23.6%
• Active inventory: 292
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $2,247 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $1,430

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 31%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5642 Sunberry Cir Fort Pierce, FL	3.0	2.0	1377	$1,950	$1.42	23d	1	0.69mi
2450 8th Ave SW Vero Beach, FL	3.0	2.0	1388	$2,100	$1.51	20d	1	0.72mi
6906 Ocala Ave Fort Pierce, FL	3.0	2.0	1175	$1,955	$1.66	13d	1	0.89mi
985 23rd Pl SW Vero Beach, FL	3.0	2.0	1176	$2,200	$1.87	20d	1	0.96mi
3766 Harborside Ave Fort Pierce, FL	2.0	2.0	1308	$2,160	$1.65	13d	1	1.12mi
7500 Pensacola Rd Fort Pierce, FL	3.0	2.0	1125	$2,150	$1.91	13d	1	1.12mi
7503 Paso Robles Blvd Fort Pierce, FL	3.0	2.0	1260	$2,000	$1.59	23d	1	1.14mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	21d	1	1.25mi
2066 5th Ct SE Vero Beach, FL	2.0	2.0	1415	$3,850	$2.72	20d	1	1.43mi

Listing history 17 events

1. 2026-06-18
   days on market $49,900 Active 87 DOM
2. 2026-06-17
   days on market $49,900 Active 86 DOM
3. 2026-06-16
   days on market $49,900 Active 85 DOM
4. 2026-06-15
   days on market $49,900 Active 84 DOM
5. 2026-06-14
   days on market $49,900 Active 82 DOM
6. 2026-06-13
   days on market $49,900 Active 81 DOM
7. 2026-06-10
   days on market $49,900 Active 79 DOM
8. 2026-06-09
   days on market $49,900 Active 78 DOM
9. 2026-06-08
   days on market $49,900 Active 77 DOM
10. 2026-06-07
    days on market $49,900 Active 76 DOM
11. 2026-06-05
    days on market $49,900 Active 73 DOM
12. 2026-06-03
    days on market $49,900 Active 72 DOM
13. 2026-06-02
    days on market $49,900 Active 71 DOM
14. 2026-06-01
    days on market $49,900 Active 70 DOM
15. 2026-05-31
    days on market $49,900 Active 69 DOM
16. 2026-05-30
    days on market $49,900 Active 68 DOM
17. 2026-03-23
    listed $49,900 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) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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: $26,959
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$2,157
• − Management: −$2,157
• − Depreciation: −$1,452
• Taxable income: $17,401
• Est. tax owed @ 24.0%: −$4,176
• After-tax cash flow: $12,983/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 · 13 photos

Good 75/100 Cosmetic rehab

This well-maintained 2-bedroom 2-bath home in a desirable 55+ community is ready for a fresh paint job and some interior updates to enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Aesthetic update needed.
• Minor Bathtub and fixtures — Update needed for a fresh look.
• Minor Carpeted floors — Update needed for a fresh look.
• Minor Paint — Update needed for a fresh look.

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and value.
• Both Replace carpet — New carpet improves comfort and value.
• Both Update kitchen cabinets — Fresh cabinets improve aesthetics and functionality.
• Both Update bathtub and fixtures — Fresh fixtures improve aesthetics and functionality.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Aesthetic update needed.	Minor	$500–3,000
Bathtub and fixtures · Update needed for a fresh look.	Minor	$500–3,000
Carpeted floors · Update needed for a fresh look.	Minor	$500–3,000
Paint · Update needed for a fresh look.	Minor	$500–3,000
Total estimated repair cost · 4 items		$2,000–12,000

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and value. ↑
• Both Replace carpet — New carpet improves comfort and value. ↑
• Both Update kitchen cabinets — Fresh cabinets improve aesthetics and functionality. ↑
• Both Update bathtub and fixtures — Fresh fixtures improve 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: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Lakewood Park

• Score: 63/100
• State rank: #719
• US rank: #15407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakewood Park, FL
• County: Saint Lucie County · 337,150 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,148
• Household income: $63,122
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 140.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 3% Vietnamese 1%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.06%
• Current HPI: 343.1376
• Rent YoY: —
• 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

1 event — show timeline

• 2026-03-23 Listed $49,900 Beaches MLS