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2950 SE Ocean Blvd Unit 34-5
A Composite 89.33
Why this score? — see what drove the A 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 +28.7/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • Schools +5.2/10.0
  • Livability +4.2/5.0
  • Condition / age +3.8/5.0
  • Rent growth +2.5/5.0

$144,900

2950 SE Ocean Blvd Unit 34-5 · Stuart, FL 34996
2 bd · 2.0 ba · 1,078 sqft · Condo public records · 106 Days on market
Built 1976 Good condition $134/sqft · 21% below area Est $184k · 21% under $630/mo HOA · 25% of rent

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

Listing remarks MLS

Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

Key facts

  • Shiplap wall decor
  • Open concept
  • Ceramic tile

Tags

EXTENSIVELY UPGRADED CONDOOPEN CONCEPTCERAMIC TILEUPGRADED BATHROOMSUPGRADED LANAISHIPLAP WALL DECOR

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 condo listed at $145k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $414 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $145k).
  • Recommended offer: $132k (9.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
  • 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: J. D. Parker School of Technology (math 39% / reading 40%, grade F, #1,513 of 2,144 statewide, top 73%, 519 students, 72% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL).
  • Market conditions: 286 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

  • In year one you build about $15k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
  • Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 106 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 11y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $47k; list at $145k implies a 208% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 25% of rent.
  • Climate carrying-cost: major flood risk; 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 $131,859 (9.0% below list)

Questions for the listing agent

  1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.74%
Cap rate
10.27%
Cash-on-cash
14.22%
DSCR
1.63
GRM
4.8

CMA / ARV

ARV (median comp)
$184,458
List price
$144,900
Delta
-13.80%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2950 SE Ocean Blvd Unit 6-3 0.00mi 2/2.0 1,134 (+5%) 1mo $165,000 $146 90
2600 SE Ocean Blvd Unit Bb2 0.26mi 2/2.0 1,089 (+1%) 0mo $152,000 $140 86
2929 SE Ocean Blvd Unit 103-9 0.23mi 2/2.0 1,005 (-7%) 0mo $125,000 $124 78
2929 SE Ocean Blvd Unit 134-3 0.23mi 2/2.0 1,005 (-7%) 1mo $111,500 $111 78
2929 SE Ocean Blvd Unit 131-10 0.35mi 2/2.0 992 (-8%) 1mo $145,000 $146 70
2929 SE Ocean Blvd Unit O4 0.23mi 2/2.0 837 (-22%) 1mo $129,500 $155 64
1800 SE Saint Lucie Blvd Unit 7-205 0.65mi 2/2.0 1,044 (-3%) 1mo $180,000 $172 64
1800 SE Saint Lucie Blvd Unit 5-101 0.68mi 2/2.0 1,051 (-2%) 1mo $205,000 $195 63
282 SE Edgewood Dr 0.93mi 2/2.0 1,200 (+11%) 1mo $545,000 $454 46
175 SE Saint Lucie Blvd Unit E130 0.93mi 2/2.0 1,300 (+21%) 1mo $355,000 $273 39
175 SE St Lucie Blvd Unit D-2 0.94mi 2/2.0 1,300 (+21%) 1mo $305,000 $235 39
351 SE Flamingo Ave 0.86mi 2/2.5 1,302 (+21%) 0mo $490,000 $376 38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
33.4%
Equity multiple
3.61×
Total profit
$105,691
Equity at exit
$130,537
10-year hold
IRR
28.9%
Equity multiple
8.18×
Total profit
$291,285
Equity at exit
$281,509

Cash invested: $40,572 (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.

Active competition Active MLS

For sale now
3 active · 6 under contract
Median asking
$275,000 ($230/sqft)
Median days on market
137 d
This list price
33% of active listings are priced below it
ARV vs active asking
-25.6% vs current asking $/sqft

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

ZIP-level market 34996

Home prices YoY
2.1%
Active inventory
286
Price-to-rent
4.8×

Monthly cashflow live

Estimated rent
$2,528 high interval (Pro) →
Mortgage (P&I)
$760
Tax from tax record
$66 /mo · $797/yr
Insurance
$60
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$630
Vacancy / Maint / Mgmt
$531
Net cashflow
$414

Break-even live

Break-even rent $2,004
Max offer price $144,900
Occupancy floor 79%

Sensitivity live

Price -10% $496 -5% $455 +0% $414 +5% $373 +10% $332
Rent -10% $214 -5% $314 +0% $414 +5% $514 +10% $614
Rate -1.0pp $487 -0.5pp $451 base $414 +0.5pp $377 +1.0pp $338

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
$36,225
Closing costs
$4,347
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 19 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2950 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 1035 $2,000 $1.93 15d 6 0.15mi
2950 SE Ocean Blvd Stuart, FL 2.0 2.0 1157 $1,800 $1.56 63d 3 0.15mi
2600 SE Ocean Blvd Stuart, FL 2.0 2.0 1089 $1,725 $1.58 15d 2 0.22mi
2600 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 951 $1,900 $2.00 63d 3 0.22mi
1196 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1309 $4,300 $3.28 72d 1 0.22mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.0–2.0 812 $2,400 $2.96 72d 6 0.37mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,400 $2.82 15d 6 0.37mi
2929 SE Ocean Blvd Unit 130 Stuart, FL 2.0 2.0 1005 $1,800 $1.79 72d 1 0.52mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL 2.0 2.0 1044 $1,900 $1.82 15d 1 0.66mi
300 SE Saint Lucie Blvd Stuart, FL 1.0–3.0 1.0–2.0 884 $2,214 $2.50 15d 14 0.67mi
1800 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1044 $2,600 $2.49 72d 3 0.70mi
262 SE Monterey Ave Stuart, FL 3.0 1.0 1001 $3,500 $3.50 72d 1 0.79mi
175 SE Saint Lucie Blvd Stuart, FL 2.0 2.0–2.5 1300 $2,800 $2.15 15d 5 0.88mi
333 SE Martin Ave Stuart, FL 2.0 1.0 778 $1,625 $2.09 15d 2 0.89mi
333 SE Martin Ave Unit 1F Stuart, FL 2.0 1.0 778 $1,800 $2.31 72d 1 0.90mi
150 SE Four Winds Dr Unit B303 Stuart, FL 2.0 2.0 1359 $2,500 $1.84 72d 1 0.97mi
3129 SE Indian St #3 Stuart, FL 2.0 1.5 986 $2,300 $2.33 72d 1 1.35mi
217 SE Coconut Ave Stuart, FL 2.0 1.0 1197 $4,750 $3.97 15d 1 1.40mi
2644 SE Normand St Unit 2644 Stuart, FL 2.0 1.5 1175 $1,850 $1.57 15d 1 1.49mi

Property features AI

Finance

Other
Community of 6 unitsSenior community
HOA & community
Homeowners association with monthly fee (includes association management, common areas, cable TV, insurance, internet, laundry, legal/accounting, grounds maintenance, parking, pools, recreation facilities, reserve fund, road maintenance, sewer, trash, and water)

Exterior

Parking
Assigned parking
Utilities
Electricity connected (110V and 220V)
Home design
2-story propertyResale home with effective year built 2024
Construction
Block and concrete construction
Exterior features
Community poolCommunity amenities include barbecue, billiard room, bicycle storage, clubhouse, kitchen facilities, laundry facilities, library, pool, and shuffleboardNon-gated communityProperty manager on-site

Interior

Bathrooms
2 full bathrooms
Heating & cooling
Central heating (electric) with individual controlsCentral electric cooling
Interior features
Partially furnished

HOA detail $630/mo · $7,560/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $144,900 Active 106 DOM
  2. 2026-08-07
    days on market $144,900 Active 105 DOM
  3. 2026-08-06
    days on market $144,900 Active 104 DOM
  4. 2026-08-05
    days on market $144,900 Active 103 DOM
  5. 2026-08-04
    pricedays on market $144,900 Active 102 DOM
  6. 2026-08-03
    days on market $159,000 Active 101 DOM
  7. 2026-07-31
    days on market $159,000 Active 98 DOM
  8. 2026-07-29
    days on market $159,000 Active 96 DOM
  9. 2026-07-27
    days on market $159,000 Active 94 DOM
  10. 2026-07-25
    days on market $159,000 Active 92 DOM
  11. 2026-07-23
    days on market $159,000 Active 90 DOM
  12. 2026-07-22
    days on market $159,000 Active 89 DOM
  13. 2026-07-21
    days on market $159,000 Active 88 DOM
  14. 2026-07-18
    days on market $159,000 Active 85 DOM
  15. 2026-07-16
    days on market $159,000 Active 83 DOM
  16. 2026-07-16
    days on market $159,000 Active 82 DOM
  17. 2026-07-14
    days on market $159,000 Active 81 DOM
  18. 2026-07-13
    days on market $159,000 Active 80 DOM
  19. 2026-07-12
    days on market $159,000 Active 79 DOM
  20. 2026-07-11
    days on market $159,000 Active 78 DOM
  21. 2026-07-10
    days on market $159,000 Active 77 DOM
  22. 2026-07-09
    days on market $159,000 Active 76 DOM
  23. 2026-07-08
    days on market $159,000 Active 75 DOM
  24. 2026-07-07
    days on market $159,000 Active 74 DOM
  25. 2026-07-06
    days on market $159,000 Active 73 DOM
  26. 2026-07-05
    days on market $159,000 Active 72 DOM
  27. 2026-07-04
    days on market $159,000 Active 71 DOM
  28. 2026-07-03
    days on market $159,000 Active 70 DOM
  29. 2026-07-02
    days on market $159,000 Active 69 DOM
  30. 2026-07-01
    days on market $159,000 Active 68 DOM
  31. 2026-06-30
    days on market $159,000 Active 67 DOM
  32. 2026-06-29
    days on market $159,000 Active 66 DOM
  33. 2026-06-28
    days on market $159,000 Active 65 DOM
  34. 2026-06-28
    days on market $159,000 Active 64 DOM
  35. 2026-06-27
    days on market $159,000 Active 63 DOM
  36. 2026-06-25
    days on market $159,000 Active 61 DOM
  37. 2026-06-23
    days on market $159,000 Active 59 DOM
  38. 2026-06-21
    days on market $159,000 Active 58 DOM
  39. 2026-06-18
    days on market $159,000 Active 55 DOM
  40. 2026-06-17
    days on market $159,000 Active 54 DOM
  41. 2026-06-16
    days on market $159,000 Active 53 DOM
  42. 2026-06-15
    days on market $159,000 Active 52 DOM
  43. 2026-06-14
    days on market $159,000 Active 50 DOM
  44. 2026-06-13
    days on market $159,000 Active 49 DOM
  45. 2026-06-10
    days on market $159,000 Active 47 DOM
  46. 2026-06-09
    days on market $159,000 Active 46 DOM
  47. 2026-06-08
    days on market $159,000 Active 45 DOM
  48. 2026-06-07
    days on market $159,000 Active 44 DOM
  49. 2026-06-03
    days on market $159,000 Active 40 DOM
  50. 2026-06-02
    days on market $159,000 Active 39 DOM

ⓘ 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
$797 · $66/mo
Projected year-2 tax
$1,203 · $100/mo
Expected delta
+$406/yr (+$34/mo · 51.0%)

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

Climate risk First Street

  • 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 74% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,338
− Mortgage interest
−$8,117
− Property taxes
−$797
− Insurance
−$1,522
− Repairs & maintenance
−$2,427
− Management
−$2,427
− HOA
−$7,560
− Depreciation
−$4,215
Taxable income
$3,274
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$786
After-tax cash flow
$4,184/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 · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $5,390–$16,170 screening

This well-maintained townhouse is in good condition with cosmetic upgrades, making it a solid investment opportunity. Potential buyers and renters will appreciate the fresh paint and updated kitchen appliances.

Value-add opportunities

  • Both Painting the exterior siding and repainting the interior walls — Fresh paint enhances curb appeal and interior aesthetics, making the property more attractive to potential buyers and renters.
  • Resale Upgrading the kitchen appliances — Upgrading to modern, energy-efficient appliances can increase the property's value and appeal to a broader market.
  • Both Landscaping improvements — Enhancing the landscaping can improve the property's curb appeal and make it more attractive to potential buyers and renters.

ⓘ 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.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary J. D. Parker School Of Technology F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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
A Composite livability gradescore 84/100

Livability — Stuart

Score
84/100
State rank
#39
US rank
#790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Stuart, FL
County
Martin County · 172,383 people
City population
65,812
Metro
Port St. Lucie, FL
Population (ZIP)
10,653
Household income
$83,929
Rent vs Own
16.0% rent · 84.0% own
Severe rent burden
24% of renters

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 (90%)
Race & ethnicity
White 90% Hispanic / Latino 7% Two or more races 5%
Hispanic origin (detail)
Puerto Rican 2%
Common ancestry
Italian 3% Romanian 3% Slovak 3%
Foreign-born
6% · Canada
Languages at home
94% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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

Price history

+261.4% since first listed
17 events — show timeline
  • 2026-04-24 Listed $159,000 MCRTC
  • 2026-04-15 Rental Removed $1,600 GFLMLS
  • 2026-04-15 Listing Removed Beaches MLS
  • 2026-03-29 Listed for Rent $1,600 GFLMLS
  • 2026-03-23 Rental Removed $1,600 GFLMLS
  • 2026-02-27 Price Changed $159,000 Beaches MLS
  • 2026-02-13 Listed for Rent $1,600 GFLMLS
  • 2026-02-13 Rental Removed $1,600 RMLSFL
  • 2026-01-17 Listed for Rent $1,600 RMLSFL
  • 2025-12-16 Price Changed $169,000 Beaches MLS
  • 2025-12-04 Listed $178,500 Beaches MLS
  • 2016-04-28 Price Changed $47,000 MCRTC
  • 2015-03-26 Sold (Public Records) $47,000 Public Records
  • 2015-03-24 Sold (MLS) $47,000 MCRTC
  • 2015-03-24 Price Changed $54,900 MCRTC
  • 2015-01-29 Listed $54,900 MCRTC
  • 1987-06-02 Sold (Public Records) $44,000 Public Records

Property tax history

-0.2%/yr

Latest (2025): $797 · -0.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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