4716 29th Ave · Gifford, FL 32967

$169,000

2 bd · 1.0 ba · 576 sqft · SingleFamily public records · 31 Days on market

Built 1953 4,791 sqft lot Est $173k · at est.

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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 +24.3/30.0
• ARV discount +8.5/15.0
• DSCR +7.8/10.0
• 1% rule +5.3/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is completely remodeled from top to bottom! Enjoy peace of mind with a new roof, water heater, electrical panel, and accordion shutters. Inside, find beautiful craftsmanship on finishes, complemented by luxury vinyl plank flooring throughout. The new kitchen and upgraded bath offer modern style. To top it off, the seller is offering $2,500 towards appliances, plus a home warranty! Ideally located within walking distance to Gifford Middle School and minutes from shopping, the hospital, Indian River, and beaches.

Key facts

• New kitchen
• Accordion shutters
• Water heater

Tags

• NEW ROOF
• WATER HEATER
• ELECTRICAL PANEL
• ACCORDION SHUTTERS
• LUXURY VINYL PLANK FLOORING
• NEW KITCHEN

Property features AI

Finance

• Financial info: Pets allowed with no restrictions

Exterior

• Parking: Driveway with 2 open parking spaces (total 2 parking spaces)
• Utilities: Public water; Public sewer; Electricity available; Cable available; Phone available; Water and sewer available
• Home design: Single-family residence; One story; Entry level is 1; Faces west; Resale condition
• Construction: Built with block/CBS/concrete block with stucco; Shingle roof; Slab foundation
• Exterior features: Lot dimensions approximately 51 x 96; Not waterfront

Interior

• Kitchen: Electric water heater (listed under appliances)
• Bedrooms: 2 bedrooms on the main level
• Flooring: Linoleum; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central electric heating; Central electric cooling (central air)
• Interior features: Shutters on windows; No additional interior features listed
• Laundry & utility: No laundry appliances listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $164k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 3.0% in Gifford — 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 68/100 on livability (#538 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A; Watch: amenities F, employment F, housing 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.
• Zoned schools: Dodgertown Elementary School (math 27% / reading 32%, grade F, #1,896 of 2,144 statewide, top 90%, 485 students, 78% FRL); Gifford Middle School (math 46% / reading 45%, grade D+, #305 of 571 statewide, top 54%, 582 students, 72% FRL); Vero Beach High School (math 28% / reading 43%, grade F, #367 of 667 statewide, top 57%, 2,847 students, 50% FRL).
• Zoned-school proficiency averages 37% at this address vs 50% district-wide (-13 pts) — the specific schools serving this property underperform the Indian River average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.2%/yr); 612 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 31 days — a 3% lower offer ($164k) 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.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $163,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.61%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $172,800
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3815 44th Pl	0.66mi	2/1.0	520 (-10%)	16mo	$156,000	$300	40

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.77×
• Total profit: $-10,909
• Equity at exit: $25,198

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-1,550
• Equity at exit: $14,612

Cash invested: $47,320 (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 32967

• Home prices YoY: -24.4%
• Rents YoY: -1.2%
• Active inventory: 612
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,735 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$75 /mo · $898/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $339

Break-even live

Break-even rent $1,306

Max offer price $169,000

Occupancy floor 75%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4316 25th Ave Vero Beach, FL	2.0	1.0	728	$1,300	$1.79	21d	1	0.53mi

Listing history 18 events

1. 2026-06-19
   days on market $169,000 Active 31 DOM
2. 2026-06-18
   days on market $169,000 Active 30 DOM
3. 2026-06-17
   days on market $169,000 Active 29 DOM
4. 2026-06-16
   days on market $169,000 Active 28 DOM
5. 2026-06-15
   days on market $169,000 Active 27 DOM
6. 2026-06-14
   days on market $169,000 Active 25 DOM
7. 2026-06-13
   days on market $169,000 Active 24 DOM
8. 2026-06-10
   days on market $169,000 Active 22 DOM
9. 2026-06-09
   days on market $169,000 Active 21 DOM
10. 2026-06-08
    days on market $169,000 Active 20 DOM
11. 2026-06-07
    days on market $169,000 Active 19 DOM
12. 2026-06-05
    days on market $169,000 Active 16 DOM
13. 2026-06-02
    days on market $169,000 Active 14 DOM
14. 2026-06-01
    days on market $169,000 Active 13 DOM
15. 2026-05-31
    days on market $169,000 Active 12 DOM
16. 2026-05-30
    days on market $169,000 Active 11 DOM
17. 2026-05-19
    listed $169,000 Active 526-char remark

    Show marketing remark (526 chars)

    This home is completely remodeled from top to bottom! Enjoy peace of mind with a new roof, water heater, electrical panel, and accordion shutters. Inside, find beautiful craftsmanship on finishes, complemented by luxury vinyl plank flooring throughout. The new kitchen and upgraded bath offer modern style. To top it off, the seller is offering $2,500 towards appliances, plus a home warranty! Ideally located within walking distance to Gifford Middle School and minutes from shopping, the hospital, Indian River, and beaches.

18. 2026-05-19
    listed $169,000 Active

    Show marketing remark (526 chars)

    This home is completely remodeled from top to bottom! Enjoy peace of mind with a new roof, water heater, electrical panel, and accordion shutters. Inside, find beautiful craftsmanship on finishes, complemented by luxury vinyl plank flooring throughout. The new kitchen and upgraded bath offer modern style. To top it off, the seller is offering $2,500 towards appliances, plus a home warranty! Ideally located within walking distance to Gifford Middle School and minutes from shopping, the hospital, Indian River, and beaches.

ⓘ 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: $898 · $75/mo
• Projected year-2 tax: $1,403 · $117/mo
• Expected delta: +$504/yr (+$42/mo · 56.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $20,825
• − Mortgage interest: −$9,467
• − Property taxes: −$898
• − Insurance: −$845
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$4,916
• Taxable income: $1,367
• Est. tax owed @ 24.0%: −$328
• After-tax cash flow: $3,745/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 — Gifford

• Score: 68/100
• State rank: #538
• US rank: #10083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gifford, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 27,240
• Household income: $78,058
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 674.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 17% Two or more races 16% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Salvadoran 2%
• Common ancestry: Romanian 3% Hispanic 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 3% 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: ▼ -91.34%
• Current HPI: 282.6156
• Rent YoY: ▼ -1.16%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-19 Listed $169,000 Beaches MLS
• 2026-05-19 Listed $169,000 RAIRCMLS

Property tax history

+11.3%/yr

Latest (2025): $898 · +32.2% YoY. Source: county tax records.