CashFlowRE
Sign in Sign up
304 Mockingbird Ave
C- Composite 51.89
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).

  • ARV discount +15.0/15.0
  • Cash flow +11.0/30.0
  • 1% rule +10.0/10.0
  • Rent growth +4.4/5.0
  • Livability +3.8/5.0
  • Condition / age +3.8/5.0
  • DSCR +3.2/10.0
  • Schools +2.9/10.0
  • Appreciation +2.5/10.0
  • Manufactured-home adj. -4.5

$49,900

304 Mockingbird Ave · Fort Pierce, FL 34982
2 bd · 2.0 ba · 1,152 sqft · Manufactured · 121 Days on market
Manufactured home Built 1977 Good condition $43/sqft · 24% below area Est $66k · 24% under $775/mo HOA · 56% of rent ↓ 9% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Public-records note

County records classify the parcel as Multi-Family (5+ Unit), but this listing is for one Manufactured residence. operator-reviewed

Common in markets where each separately-deeded single-family residence sits inside a multi-unit structure (e.g. Texas “single-family attached”). Cashflow + rent math below treats this listing as one Manufactured unit.

Listing remarks

Manufacturer home that as ben remodeled and well taken care of. Painted, insulated, new carpet and 16' toliets. New washer that stays with the property. It has been powerwashed and a vapor barrier underneath. Ready to move in! Beautiful home! You won't be disappointed.

Key facts

  • 2 parking spots
  • Community pool
  • Built 1977

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

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 $-21 ($-256/yr) — negative.
  • To cash-flow at today's rent, offer at most $47k (6.2% below list).
  • Meets the 1% rule at list price ($1k rent vs $50k).
  • Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
  • Cap rate 5.8% vs local median 4.0% in Fort Pierce — 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 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, amenities F, employment 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.
  • Zoned schools: Manatee Academy K-8 (math 53% / reading 51%, grade C-, #990 of 2,144 statewide, top 48%, 1,664 students, 65% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL).
  • Market conditions: Rents rising fast (+7.4%/yr); 406 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
  • This rent runs 31% of the median local income ($54k/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 + 7.4% rent growth), your $14k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 121 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts; this cycle's ask has dropped $5k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: HOA is 56% of rent.
  • 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 $43,912 (12.0% 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 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  9. 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.
  10. 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.
  11. 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
2.79%
Cap rate
5.78%
Cash-on-cash
-1.83%
DSCR
0.92
GRM
3.0

CMA / ARV

ARV (median comp)
$65,672
List price
$49,900
Delta
-24.02%
Verdict
UNDERPRICED
Comps
4 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
325 Mockingbird Ave 0.06mi 2/2.0 1,092 (-5%) 1mo $72,000 $66 88
277 Kingfisher Ave Ave #277 0.04mi 2/2.0 1,097 (-5%) 4mo $32,000 $29 87
184 Cardinal Ave 0.25mi 2/2.0 1,100 (-4%) 12mo $34,000 $31 70
86 Sandhill Blvd 0.21mi 2/2.0 1,064 (-8%) 9mo $60,000 $56 70
137 Sandhill Blvd 0.31mi 2/2.0 1,200 (+4%) 19mo $1,000 $1 63
238 Peacock Ave 0.15mi 3/2.0 (+1) 1,264 (+10%) 21mo $128,000 $101 54
142 Mockingbird Ave #142 0.30mi 3/2.0 (+1) 1,248 (+8%) 16mo $95,000 $76 54
216 Sandy Pl #6 0.65mi 2/2.0 1,222 (+6%) 10mo $80,000 $65 51

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 · 7.42% rent growth · sell at horizon

5-year hold
IRR
-4.2%
Equity multiple
0.82×
Total profit
$-2,490
Equity at exit
$7,440
10-year hold
IRR
15.5%
Equity multiple
2.94×
Total profit
$27,141
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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
12 active · 2 under contract
Months of supply
36.0 mo (3%/mo absorbed)
Median asking
$90,000 ($74/sqft)
Median days on market
106 d
This list price
8% of active listings are priced below it
ARV vs active asking
-22.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34982

Home prices YoY
-33.4%
Rents YoY
7.4%
Active inventory
406
Price-to-rent
3.0×

Monthly cashflow live

Estimated rent
$1,390 high interval (Pro) →
Mortgage (P&I)
$262
Tax est. 1.5%
$62 /mo · $748/yr
Insurance
$21
HOA
$775
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$292
Net cashflow
$-21

Break-even live

Break-even rent $1,418
Max offer price $46,810
Occupancy floor 97%

Sensitivity live

Price -10% $13 -5% $-4 +0% $-21 +5% $-39 +10% $-56
Rent -10% $-131 -5% $-76 +0% $-21 +5% $34 +10% $88
Rate -1.0pp $4 -0.5pp $-9 base $-21 +0.5pp $-34 +1.0pp $-47

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

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3200 S US Highway 1 Fort Pierce, FL 2.0–3.0 1.0–2.0 1144 $1,509 $1.32 63d 1 0.12mi
1772 N Dovetail Dr Unit C Fort Pierce, FL 2.0 2.0 1230 $2,100 $1.71 73d 1 0.17mi
1804 Blue Heron Ln Unit C Fort Pierce, FL 2.0 2.0 1286 $1,900 $1.48 73d 1 0.20mi
1747 N Dovetail Dr Unit A Fort Pierce, FL 2.0 2.0 1286 $2,100 $1.63 73d 1 0.21mi
1739 N Dovetail Dr Fort Pierce, FL 2.0 2.0 1230 $1,750 $1.42 73d 1 0.24mi
1829 Sandhill Crane Dr Unit B2 Fort Pierce, FL 2.0 2.0 1334 $2,000 $1.50 73d 1 0.36mi
3030 S US Highway 1 Fort Pierce, FL 3.0 2.0 1184 $1,774 $1.50 63d 1 0.39mi
916 Savannas Point Dr Fort Pierce, FL 2.0 2.0 1120 $2,100 $1.88 63d 1 0.54mi
605 Ixoria Ave Fort Pierce, FL 2.0 2.0 744 $1,450 $1.95 63d 2 0.61mi
605 Ixoria Ave #15 Fort Pierce, FL 2.0 2.0 744 $1,500 $2.02 73d 1 0.64mi
410 Palm Ave Apt B Fort Pierce, FL 2.0 1.0 800 $1,400 $1.75 63d 1 0.66mi
617 Ixoria Ave Unit 2A Fort Pierce, FL 2.0 2.5 764 $1,500 $1.96 73d 1 0.69mi
115 Maple Ave Fort Pierce, FL 3.0 1.0 1008 $1,999 $1.98 73d 1 0.72mi
2625 Heathcote Dr Unit 2647 Fort Pierce, FL 2.0 2.0 1000 $1,700 $1.70 70d 1 0.74mi
2625 Heathcote Dr Unit 2623 Fort Pierce, FL 2.0 2.0 1000 $1,700 $1.70 73d 1 0.74mi
2625 Heathcote Dr Unit 2631 Fort Pierce, FL 2.0 2.0 1000 $1,700 $1.70 63d 1 0.74mi
322 Colony Ln Unit C Fort Pierce, FL 1.0 1.5 816 $1,375 $1.69 73d 1 0.74mi
800 Kanner Dr Unit B Fort Pierce, FL 2.0 1.0 900 $1,550 $1.72 63d 1 0.79mi
802 N Lake Dr Unit B Fort Pierce, FL 2.0 1.0 1000 $1,550 $1.55 73d 1 0.85mi
1219 S Lakes End Dr Unit 2 Fort Pierce, FL 2.0 2.0 1186 $1,500 $1.26 63d 1 0.85mi
3300 S 7th St Unit B Fort Pierce, FL 2.0 1.0 800 $1,595 $1.99 73d 1 0.87mi
2902 Oleander Blvd Fort Pierce, FL 3.0 2.0 1276 $2,700 $2.12 73d 1 0.87mi
928 Fra Mar Pl Fort Pierce, FL 3.0 1.0 1440 $2,000 $1.39 73d 1 1.07mi
947 Fra Mar Pl Fort Pierce, FL 2.0 1.0 768 $1,700 $2.21 73d 1 1.13mi
2050 Oleander Blvd Unit 703 Fort Pierce, FL 2.0 2.0 1014 $1,800 $1.78 73d 1 1.27mi
2016 Golfview Ct Fort Pierce, FL 2.0 1.0 1055 $1,750 $1.66 73d 1 1.27mi
2302 Sunrise Blvd #201 Fort Pierce, FL 2.0 1.0 966 $1,500 $1.55 73d 1 1.38mi
4166 Gator Trace Villas Cir Unit B Fort Pierce, FL 3.0 2.0 1336 $2,200 $1.65 73d 1 1.40mi
2050 Oleander Blvd Fort Pierce, FL 1.0–2.0 1.0–2.0 833 $2,350 $2.82 73d 4 1.42mi
2016 S 10th St Unit A Fort Pierce, FL 2.0 2.5 1120 $1,595 $1.42 73d 1 1.43mi

Property features AI

Finance

Financial info
Pets allowed with number and size limits
HOA & community
Has associationMonthly HOA duesCommunity amenities: clubhouse, fitness center, laundry, community room, heated pool

Exterior

Parking
Attached carportCarport with 2 covered spaces
Security
Gated community
Utilities
Public waterPublic sewerCable availableElectricity availablePhone availableSewer connectedWater connected
Home design
Manufactured homeOne storyResale propertyFaces east
Construction
Vinyl sidingFlat metal roofBuilt as a single-story structure
Exterior features
Not waterfront

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigerator
Bedrooms
2 main level bedrooms
Flooring
CarpetLaminate
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral airCeiling fan(s)
Interior features
Electric water heaterDishwasherElectric rangeMicrowaveRefrigerator
Laundry & utility
Laundry located in carport

Listing history 50 events

  1. 2026-08-08
    days on market $49,900 Active 121 DOM
  2. 2026-08-07
    days on market $49,900 Active 120 DOM
  3. 2026-08-06
    days on market $49,900 Active 119 DOM
  4. 2026-08-05
    days on market $49,900 Active 118 DOM
  5. 2026-08-04
    days on market $49,900 Active 117 DOM
  6. 2026-08-03
    days on market $49,900 Active 116 DOM
  7. 2026-07-31
    days on market $49,900 Active 113 DOM
  8. 2026-07-30
    days on market $49,900 Active 112 DOM
  9. 2026-07-29
    days on market $49,900 Active 111 DOM
  10. 2026-07-27
    days on market $49,900 Active 109 DOM
  11. 2026-07-25
    days on market $49,900 Active 107 DOM
  12. 2026-07-24
    days on market $49,900 Active 106 DOM
  13. 2026-07-23
    days on market $49,900 Active 105 DOM
  14. 2026-07-22
    days on market $49,900 Active 104 DOM
  15. 2026-07-21
    days on market $49,900 Active 103 DOM
  16. 2026-07-18
    days on market $49,900 Active 100 DOM
  17. 2026-07-16
    days on market $49,900 Active 98 DOM
  18. 2026-07-16
    days on market $49,900 Active 97 DOM
  19. 2026-07-14
    days on market $49,900 Active 96 DOM
  20. 2026-07-13
    days on market $49,900 Active 95 DOM
  21. 2026-07-12
    days on market $49,900 Active 94 DOM
  22. 2026-07-11
    days on market $49,900 Active 93 DOM
  23. 2026-07-10
    days on market $49,900 Active 92 DOM
  24. 2026-07-09
    days on market $49,900 Active 91 DOM
  25. 2026-07-08
    days on market $49,900 Active 90 DOM
  26. 2026-07-07
    days on market $49,900 Active 89 DOM
  27. 2026-07-06
    days on market $49,900 Active 88 DOM
  28. 2026-07-05
    days on market $49,900 Active 87 DOM
  29. 2026-07-04
    days on market $49,900 Active 86 DOM
  30. 2026-07-03
    days on market $49,900 Active 85 DOM
  31. 2026-07-02
    days on market $49,900 Active 84 DOM
  32. 2026-07-01
    days on market $49,900 Active 83 DOM
  33. 2026-06-30
    days on market $49,900 Active 82 DOM
  34. 2026-06-29
    days on market $49,900 Active 81 DOM
  35. 2026-06-28
    days on market $49,900 Active 80 DOM
  36. 2026-06-28
    days on market $49,900 Active 79 DOM
  37. 2026-06-27
    statusdays on market $49,900 Active 78 DOM
  38. 2026-06-15
    status $49,900 Pending 77 DOM
  39. 2026-06-15
    days on market $49,900 Active 77 DOM
  40. 2026-06-14
    days on market $49,900 Active 75 DOM
  41. 2026-06-13
    days on market $49,900 Active 74 DOM
  42. 2026-06-10
    days on market $49,900 Active 72 DOM
  43. 2026-06-09
    days on market $49,900 Active 71 DOM
  44. 2026-06-08
    days on market $49,900 Active 70 DOM
  45. 2026-06-07
    days on market $49,900 Active 69 DOM
  46. 2026-06-05
    days on market $49,900 Active 66 DOM
  47. 2026-06-03
    days on market $49,900 Active 65 DOM
  48. 2026-06-02
    days on market $49,900 Active 64 DOM
  49. 2026-06-01
    days on market $49,900 Active 63 DOM
  50. 2026-05-31
    days on market $49,900 Active 62 DOM

ⓘ 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 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,686
− Mortgage interest
−$2,795
− Property taxes
−$748
− Insurance
−$250
− Repairs & maintenance
−$1,335
− Management
−$1,335
− HOA
−$9,300
− Depreciation
−$1,452
Taxable loss
−$529
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$127
After-tax cash flow
$-129/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 Est. rehab $5,760–$17,280 screening

This multi-family home is in good condition with cosmetic updates, ready for move-in. It offers a good balance of curb appeal and interior updates, making it an attractive investment.

Value-add opportunities

  • Both paint exterior — enhances curb appeal and resale value
  • Both replace carpet — improves comfort and rental appeal
  • Both update kitchen appliances — enhances functionality and resale value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 28/100

Zoned Schools

Elementary St. Lucie Elementary School F FL #2,061/2,144 Nat'l #31,549/41,679 Middle Dan Mccarty Middle School F FL #542/571 Nat'l #11,007/14,009 High Treasure Coast High School F FL #312/667 Nat'l #8,724/17,239

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
B Composite livability gradescore 76/100

Livability — Fort Pierce

Score
76/100
State rank
#226
US rank
#3360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Fort Pierce, FL
County
Saint Lucie County · 338,016 people
City population
78,556
Metro
Port St. Lucie, FL
Population (ZIP)
31,143
Household income
$54,082
Rent vs Own
27.5% rent · 72.5% own
Severe rent burden
24% of renters

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
Majority White (62%)
Race & ethnicity
White 62% Hispanic / Latino 22% Two or more races 12% Black 12%
Hispanic origin (detail)
Mexican 10% Puerto Rican 3% Cuban 3%
Common ancestry
Italian 7% Hispanic 2% Lithuanian 1%
Foreign-born
12% · Canada
Languages at home
80% English-only · Spanish 16% French/Haitian/Cajun 3%

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

Price history

-9.3% since first listed
6 events — show timeline
  • 2026-04-18 Price Changed $49,900 Beaches MLS
  • 2026-03-30 Listing Removed Beaches MLS
  • 2026-03-27 Listed $55,000 Beaches MLS
  • 2026-03-20 Rental Removed $55,000 GFLMLS
  • 2026-03-20 Listed for Rent $55,000 GFLMLS
  • 2026-03-20 Listed $55,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…