9280 102nd Ave · Vero Lake Estates, FL 32967

$309,900

4 bd · 2.0 ba · 1,876 sqft · Land · 36 Days on market

Built 2027 9,583 sqft lot

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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 +12.2/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pre-Construction. To be built. Located on a spacious corner lot in Vero Lake Estates, you'll appreciate being just 5 miles from the beach and close to top golf courses, giving you the perfect balance of recreation and relaxation. With no HOA and no CDD fees, this setting allows you to enjoy the coastal Florida lifestyle with added flexibility and freedom. The Marigold reflects that Florida spirit through a thoughtfully designed home that delivers style, comfort, and flexibility. Upon entering the foyer, an expansive open floor plan leads into a spacious great room designed for both entertaining and everyday living. The kitchen serves as the centerpiece with a large island for casual dining, generous shaker cabinetry, stainless appliances & a pantry that keeps everything organized. Adjacent to the great room, a versatile flex space adapts easily to your needs & can function as a dining area, craft room, sitting room, or home fitness space. n A sliding door from the flex room opens to an extended rear patio, creating an easy connection to outdoor living and relaxation. All bedrooms are conveniently located for comfort and accessibility. Two bedrooms at the front of the home, one featuring a walk-in closet, share a full bath, making the layout ideal for guests or family. An additional bedroom is privately situated at the rear of the home. The primary suite provides a peaceful retreat and includes a well appointed owner's bath with dual vanities, a walk-in shower, and a spacious walk-in closet that enhances daily living. The laundry area provides a convenient walk through to the two car garage, providing easy access and ample space for vehicles and storage. Smart Home features add everyday convenience and security, including a Ring Video Doorbell, smart thermostat, keyless entry smart door lock, and Deako switches. With landscaping, hurricane shutters, gutters, Zip System construction, and a full builder warranty, this home is designed for both durability and peace of mind, making it perfectly suited for Florida living. Whether enjoying quiet moments or hosting gatherings, The Marigold delivers a home that elevates your lifestyle.

Key facts

• Flex space
• Walk-in closet
• No cdd fees

Tags

• CORNER LOT
• NO HOA
• NO CDD FEES
• FLEX SPACE
• EXTENDED REAR PATIO
• WALK-IN CLOSET

Property features AI

Finance

• Other: Corner lot; Pets allowed with no restrictions

Exterior

• Parking: Attached 2-car garage; Driveway; 2 covered parking spaces
• Security: Smoke detector(s)
• Utilities: Well water; Septic tank; Cable available
• Home design: Single family residence; One story; First floor entry; Faces west; To be built
• Construction: Block and stucco construction; Shingle/composition roof; Slab foundation; Built by Maronda Homes (Marigold A model)
• Exterior features: Open patio; Patio

Interior

• Kitchen: Disposal; Dishwasher; Electric range; Microwave
• Bedrooms: 4 bedrooms on the main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Entrance foyer; Kitchen island; Walk-in closets; Insulated windows; Smoke detector(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Dedicated laundry room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $310k.

Deal economics

• At list price, monthly cash flow is $-64 ($-773/yr) — negative.
• To cash-flow at today's rent, offer at most $301k (3.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $263k (15.2% below list).
• Recommended offer: $263k (15.2% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.9% in Vero Lake Estates — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: Treasure Coast Elementary School (math 61% / reading 57%, grade B-, #722 of 2,144 statewide, top 34%, 691 students, 59% FRL); Sebastian River Middle School (math 46% / reading 44%, grade D, #310 of 571 statewide, top 56%, 862 students, 65% FRL); Sebastian River High School (math 29% / reading 45%, grade F, #340 of 667 statewide, top 52%, 1,843 students, 52% FRL).
• Market conditions: Rents soft (-1.2%/yr); 611 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 40% 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 $2k of loan paydown is wiped out by about $9k 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 36 days — a 3% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 3 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $262,940 (15.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.85% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -21.2%
• Equity multiple: 0.29×
• Total profit: $-61,986
• Equity at exit: $46,207

10-year hold

• IRR: -23.8%
• Equity multiple: -0.02×
• Total profit: $-88,879
• Equity at exit: $26,794

Cash invested: $86,772 (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: 611
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,629 high
• Mortgage (P&I): −$1,625
• Tax est. 1.5%: −$387 /mo · $4,648/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $-64

Break-even live

Break-even rent $2,711

Max offer price $300,578

Occupancy floor 97%

Sensitivity live

Price	-10% $150	-5% $43	+0% $-64	+5% $-172	+10% $-279
Rent	-10% $-272	-5% $-168	+0% $-64	+5% $39	+10% $143
Rate	-1.0pp $92	-0.5pp $14	base $-64	+0.5pp $-145	+1.0pp $-226

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: $77,475
• Closing costs: $9,297
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9024 100th Ct Vero Beach, FL	3.0	2.0	1852	$2,500	$1.35	22d	1	0.34mi
10635 92nd St Vero Beach, FL	3.0	2.0	1280	$2,025	$1.58	22d	1	0.60mi
8846 104th Ave Vero Beach, FL	3.0	2.0	1992	$1,800	$0.90	22d	1	0.60mi
8756 103rd Ave Vero Beach, FL	3.0	2.0	1244	$2,000	$1.61	22d	1	0.65mi
8720 97th Ave Vero Beach, FL	4.0	3.0	2357	$2,300	$0.98	22d	1	0.90mi
8516 E 98th Ave Vero Beach, FL	3.0	2.0	1514	$2,500	$1.65	15d	1	1.06mi
8415 102nd Ave Vero Beach, FL	3.0	2.0	1400	$2,065	$1.48	22d	1	1.08mi
8185 99th Ct Vero Beach, FL	3.0	2.0	1449	$2,075	$1.43	22d	1	1.37mi

Listing history 12 events

1. 2026-06-10
   status $309,900 Pending 36 DOM
2. 2026-06-09
   days on market $309,900 Active 36 DOM
3. 2026-06-08
   days on market $309,900 Active 35 DOM
4. 2026-06-07
   days on market $309,900 Active 34 DOM
5. 2026-06-05
   days on market $309,900 Active 31 DOM
6. 2026-06-02
   days on market $309,900 Active 29 DOM
7. 2026-06-01
   days on market $309,900 Active 28 DOM
8. 2026-05-31
   days on market $309,900 Active 27 DOM
9. 2026-05-30
   days on market $309,900 Active 26 DOM
10. 2026-05-04
    listed $309,900 Active 2176-char remark

    Show marketing remark (2176 chars)

    Pre-Construction. To be built. Located on a spacious corner lot in Vero Lake Estates, you'll appreciate being just 5 miles from the beach and close to top golf courses, giving you the perfect balance of recreation and relaxation. With no HOA and no CDD fees, this setting allows you to enjoy the coastal Florida lifestyle with added flexibility and freedom. The Marigold reflects that Florida spirit through a thoughtfully designed home that delivers style, comfort, and flexibility. Upon entering the foyer, an expansive open floor plan leads into a spacious great room designed for both entertaining and everyday living. The kitchen serves as the centerpiece with a large island for casual dining, generous shaker cabinetry, stainless appliances & a pantry that keeps everything organized. Adjacent to the great room, a versatile flex space adapts easily to your needs & can function as a dining area, craft room, sitting room, or home fitness space. n A sliding door from the flex room opens to an extended rear patio, creating an easy connection to outdoor living and relaxation. All bedrooms are conveniently located for comfort and accessibility. Two bedrooms at the front of the home, one featuring a walk-in closet, share a full bath, making the layout ideal for guests or family. An additional bedroom is privately situated at the rear of the home. The primary suite provides a peaceful retreat and includes a well appointed owner's bath with dual vanities, a walk-in shower, and a spacious walk-in closet that enhances daily living. The laundry area provides a convenient walk through to the two car garage, providing easy access and ample space for vehicles and storage. Smart Home features add everyday convenience and security, including a Ring Video Doorbell, smart thermostat, keyless entry smart door lock, and Deako switches. With landscaping, hurricane shutters, gutters, Zip System construction, and a full builder warranty, this home is designed for both durability and peace of mind, making it perfectly suited for Florida living. Whether enjoying quiet moments or hosting gatherings, The Marigold delivers a home that elevates your lifestyle.

11. 2026-05-04
    listed $309,900 Active

    Show marketing remark (2176 chars)

    Pre-Construction. To be built. Located on a spacious corner lot in Vero Lake Estates, you'll appreciate being just 5 miles from the beach and close to top golf courses, giving you the perfect balance of recreation and relaxation. With no HOA and no CDD fees, this setting allows you to enjoy the coastal Florida lifestyle with added flexibility and freedom. The Marigold reflects that Florida spirit through a thoughtfully designed home that delivers style, comfort, and flexibility. Upon entering the foyer, an expansive open floor plan leads into a spacious great room designed for both entertaining and everyday living. The kitchen serves as the centerpiece with a large island for casual dining, generous shaker cabinetry, stainless appliances & a pantry that keeps everything organized. Adjacent to the great room, a versatile flex space adapts easily to your needs & can function as a dining area, craft room, sitting room, or home fitness space. n A sliding door from the flex room opens to an extended rear patio, creating an easy connection to outdoor living and relaxation. All bedrooms are conveniently located for comfort and accessibility. Two bedrooms at the front of the home, one featuring a walk-in closet, share a full bath, making the layout ideal for guests or family. An additional bedroom is privately situated at the rear of the home. The primary suite provides a peaceful retreat and includes a well appointed owner's bath with dual vanities, a walk-in shower, and a spacious walk-in closet that enhances daily living. The laundry area provides a convenient walk through to the two car garage, providing easy access and ample space for vehicles and storage. Smart Home features add everyday convenience and security, including a Ring Video Doorbell, smart thermostat, keyless entry smart door lock, and Deako switches. With landscaping, hurricane shutters, gutters, Zip System construction, and a full builder warranty, this home is designed for both durability and peace of mind, making it perfectly suited for Florida living. Whether enjoying quiet moments or hosting gatherings, The Marigold delivers a home that elevates your lifestyle.

12. 2026-04-28
    listed $309,900 Active 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

ⓘ 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 · 24 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: $31,553
• − Mortgage interest: −$17,359
• − Property taxes: −$4,648
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,524
• − Management: −$2,524
• − Depreciation: −$9,015
• Taxable loss: −$6,068
• Est. tax savings @ 24.0%: +$1,456
• After-tax cash flow: $683/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 — Vero Lake Estates

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Vero Lake Estates, 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

3 events — show timeline

• 2026-05-04 Listed $309,900 Beaches MLS
• 2026-05-04 Listed $309,900 SCMLS
• 2026-04-28 Listed $309,900 Zillow

Property tax history

+9.3%/yr

Latest (2025): $328 · +12.5% YoY. Source: county tax records.