5349 SE Jennings Ln · Palm City, FL 34997

$345,000

3 bd · 2.5 ba · 1,868 sqft · Townhouse public records · 53 Days on market

Built 2006 3,174 sqft lot $185/sqft · 7% above area Est $322k · 7% over $301/mo HOA · 10% of rent

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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 +12.8/30.0
• Schools +4.5/10.0
• ARV discount +4.4/15.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and well-maintained townhome in a quiet, desirable community offering privacy and open green space rarely found at this price point. Bright, open layout flows to a private patio overlooking a peaceful preserve. Oversized primary suite with en-suite bath, plus flexible guest rooms or office space. Move-in ready with neutral finishes, soft-close kitchen cabinets, and granite window sills throughout. Roof installed 2025 and air handler 2017. HOA covers exterior maintenance including roof and building pressure washing, front and rear landscaping, shrub and tree trimming, weed control, and mulch. Ideal as a primary residence, seasonal home, or investment opportunity.

Key facts

• $301 HOA
• Garage
• Community pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $345k.

Deal economics

• At list price, monthly cash flow is $-34 ($-408/yr) — negative.
• To cash-flow at today's rent, offer at most $339k (1.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $295k (14.5% below list).
• Recommended offer: $295k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 2.6% in Palm City — 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 79/100 on livability (#140 in FL, #2,113 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living 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.
• Zoned schools: Pinewood Elementary School (math 37% / reading 39%, grade F, #1,587 of 2,144 statewide, top 74%, 726 students, 64% FRL); Dr. David L. Anderson Middle School (math 51% / reading 46%, grade C-, #274 of 571 statewide, top 50%, 1,035 students, 63% FRL); Martin County High School (math 45% / reading 54%, grade D, #179 of 667 statewide, top 29%, 2,273 students, 42% FRL) — zoned schools average 56% FRL vs 41% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.7%/yr); 595 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• At $2,951/mo this rent would consume 45% of the median local household income ($78k/yr) (locally 1323% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($335k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y ago 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 $130k; list at $345k implies a 165% gain — meaningful room to come down on a strong offer.

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 $295,057 (14.5% 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 53 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
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: 0.86% ✗
• Cap rate: 6.17%
• Cash-on-cash: -0.42%
• DSCR: 0.98
• GRM: 9.7

CMA / ARV

• ARV (median comp): $322,455
• List price: $345,000
• Delta: 6.99%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
296 SE Bloxham Way	0.28mi	3/2.5	1,868 (0%)	1mo	$340,000	$182	86
5424 SE Jennings Ln	0.11mi	3/2.5	1,868 (0%)	12mo	$355,000	$190	84
5265 SE Jennings Ln	0.09mi	3/2.5	1,868 (0%)	20mo	$380,000	$203	79
328 SE Bloxham Way	0.29mi	4/3.0 (+1)	1,899 (+2%)	12mo	$337,000	$177	67
5371 SE Moseley Drive Dr	0.16mi	4/2.5 (+1)	1,699 (-9%)	14mo	$335,000	$197	61
392 SE Bloxham Way	0.22mi	4/3.0 (+1)	1,699 (-9%)	16mo	$335,000	$197	55

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-58,898
• Equity at exit: $51,441

10-year hold

• IRR: -9.8%
• Equity multiple: 0.41×
• Total profit: $-57,447
• Equity at exit: $29,829

Cash invested: $96,600 (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: 595
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,951 high
• Mortgage (P&I): −$1,809
• Tax from tax record: −$111 /mo · $1,332/yr
• Insurance: −$144
• HOA: −$301
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $-34

Break-even live

Break-even rent $2,994

Max offer price $338,989

Occupancy floor 96%

Sensitivity live

Price	-10% $161	-5% $64	+0% $-34	+5% $-132	+10% $-229
Rent	-10% $-267	-5% $-151	+0% $-34	+5% $83	+10% $199
Rate	-1.0pp $140	-0.5pp $54	base $-34	+0.5pp $-123	+1.0pp $-214

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: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5372 SE Jennings Ln Stuart, FL	2.0	2.5	1296	$2,200	$1.70	25d	1	0.07mi
801 SE Trammell Trce Stuart, FL	4.0	2.0	1600	$3,000	$1.88	25d	1	0.16mi
404 SE Bloxham Way Stuart, FL	2.0	2.5	1532	$2,150	$1.40	25d	1	0.23mi
5946 SE Skyblue Cir Stuart, FL	4.0	2.0	2033	$3,950	$1.94	25d	1	0.27mi
356 SE Bloxham Way Stuart, FL	4.0	3.0	1699	$3,000	$1.77	25d	1	0.28mi
6007 SE Skyblue Cir Stuart, FL	4.0	2.0	2033	$4,000	$1.97	25d	1	0.35mi
5795 SE Skyblue Cir Stuart, FL	4.0	2.0	2032	$4,500	$2.21	16d	1	0.42mi
4645 SE Bridgetown Ct Stuart, FL	3.0	2.0	1657	$3,200	$1.93	16d	1	0.82mi
262 SW Walking Path Unit 262 Stuart, FL	3.0	2.5	2164	$2,500	$1.16	16d	1	0.94mi
5784 SE Edgewater Cir Stuart, FL	3.0	2.5	1804	$3,000	$1.66	16d	1	0.95mi
829 SE Westminster Pl Stuart, FL	3.0	2.0	2026	$3,300	$1.63	25d	1	0.98mi
173 SW Otter Run Pl Stuart, FL	3.0	2.5	1753	$2,350	$1.34	25d	1	1.04mi
907 SE Westminster Pl Stuart, FL	4.0	2.5	2218	$3,500	$1.58	25d	1	1.07mi
3800 S Kanner Hwy Stuart, FL	3.0	1.0–2.0	970	$2,942	$3.03	16d	21	1.32mi
522 SW Timber Trl Stuart, FL	3.0	2.5	1979	$3,500	$1.77	25d	1	1.43mi

HOA detail

• Monthly dues: $301 · $3,612/yr
• Likely covers: landscapingexterior maint.

Listing history 25 events

1. 2026-06-10
   status $345,000 Pending 53 DOM
2. 2026-06-09
   days on market $345,000 Active Under Contract 53 DOM
3. 2026-06-08
   days on market $345,000 Active Under Contract 52 DOM
4. 2026-06-07
   days on market $345,000 Active Under Contract 51 DOM
5. 2026-06-03
   days on market $345,000 Active Under Contract 47 DOM
6. 2026-06-02
   days on market $345,000 Active Under Contract 46 DOM
7. 2026-06-01
   days on market $345,000 Active Under Contract 45 DOM
8. 2026-05-31
   days on market $345,000 Active Under Contract 44 DOM
9. 2026-05-31
   days on market $345,000 Active Under Contract 43 DOM
10. 2026-05-17
    historical Active Under Contract 679-char remark

    Show marketing remark (679 chars)

    Spacious and well-maintained townhome in a quiet, desirable community offering privacy and open green space rarely found at this price point. Bright, open layout flows to a private patio overlooking a peaceful preserve. Oversized primary suite with en-suite bath, plus flexible guest rooms or office space. Move-in ready with neutral finishes, soft-close kitchen cabinets, and granite window sills throughout. Roof installed 2025 and air handler 2017. HOA covers exterior maintenance including roof and building pressure washing, front and rear landscaping, shrub and tree trimming, weed control, and mulch. Ideal as a primary residence, seasonal home, or investment opportunity.

11. 2026-05-03
    price $345,000 679-char remark

    Show marketing remark (679 chars)

    Spacious and well-maintained townhome in a quiet, desirable community offering privacy and open green space rarely found at this price point. Bright, open layout flows to a private patio overlooking a peaceful preserve. Oversized primary suite with en-suite bath, plus flexible guest rooms or office space. Move-in ready with neutral finishes, soft-close kitchen cabinets, and granite window sills throughout. Roof installed 2025 and air handler 2017. HOA covers exterior maintenance including roof and building pressure washing, front and rear landscaping, shrub and tree trimming, weed control, and mulch. Ideal as a primary residence, seasonal home, or investment opportunity.

12. 2026-04-17
    listed $354,000 Active 679-char remark

    Show marketing remark (679 chars)

    Spacious and well-maintained townhome in a quiet, desirable community offering privacy and open green space rarely found at this price point. Bright, open layout flows to a private patio overlooking a peaceful preserve. Oversized primary suite with en-suite bath, plus flexible guest rooms or office space. Move-in ready with neutral finishes, soft-close kitchen cabinets, and granite window sills throughout. Roof installed 2025 and air handler 2017. HOA covers exterior maintenance including roof and building pressure washing, front and rear landscaping, shrub and tree trimming, weed control, and mulch. Ideal as a primary residence, seasonal home, or investment opportunity.

13. 2026-03-10
    historical
14. 2026-02-22
    price $359,000
15. 2025-12-08
    price $373,900
16. 2025-10-14
    price $379,000
17. 2025-09-10
    listed $385,000 Active
18. 2016-01-11
    price $130,000
19. 2010-08-09
    soldstatus $130,000
20. 2010-08-06
    soldstatus $130,000
21. 2010-08-06
    price $135,000
22. 2010-06-25
    listed $135,000
23. 2009-06-24
    price $113,355
24. 2009-06-24
    soldstatus $109,000
25. 2009-06-11
    listed $109,000

ⓘ 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: $1,332 · $111/mo
• Projected year-2 tax: $2,864 · $239/mo
• Expected delta: +$1,531/yr (+$128/mo · 115.0%)

ⓘ 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 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,407
• − Mortgage interest: −$19,325
• − Property taxes: −$1,332
• − Insurance: −$1,725
• − Repairs & maintenance: −$2,833
• − Management: −$2,833
• − HOA: −$3,612
• − Depreciation: −$10,036
• Taxable loss: −$6,289
• Est. tax savings @ 24.0%: +$1,509
• After-tax cash flow: $1,101/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: 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 — Palm City

• Score: 79/100
• State rank: #140
• US rank: #2113

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ 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
• City population: 30,592
• 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

+216.5% since first listed

16 events — show timeline

• 2026-05-17 Contingent — Beaches MLS
• 2026-05-03 Price Changed $345,000 Beaches MLS
• 2026-04-17 Listed $354,000 Beaches MLS
• 2026-03-10 Listing Removed — Beaches MLS
• 2026-02-22 Price Changed $359,000 Beaches MLS
• 2025-12-08 Price Changed $373,900 Beaches MLS
• 2025-10-14 Price Changed $379,000 Beaches MLS
• 2025-09-10 Listed $385,000 Beaches MLS
• 2016-01-11 Price Changed $130,000 MCRTC
• 2010-08-09 Sold (Public Records) $130,000 Public Records
• 2010-08-06 Price Changed $135,000 MCRTC
• 2010-08-06 Sold (MLS) $130,000 MCRTC
• 2010-06-25 Listed $135,000 MCRTC
• 2009-06-24 Sold (MLS) $109,000 MCRTC
• 2009-06-24 Price Changed $113,355 MCRTC
• 2009-06-11 Listed $109,000 MCRTC

Property tax history

+1.8%/yr

Latest (2025): $1,332 · +5.6% YoY. Source: county tax records.