900 Jasmine Ln Unit 6B · Vero Beach, FL 32963

$325,000

2 bd · 2.0 ba · 1,070 sqft · Condo · 73 Days on market

Built 1980 $934/mo HOA · 24% 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 +10.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Rent growth +5.0/5.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Conveniently located in South Beach Vero, this corner unit in Jasmine Villas features a 2BD, 2BA layout with 1,070 living sq. ft. New upgrades include a 2019 HVAC, 2018 impact windows & stackable washer/dryer. Located east of A1A, you're a few minutes walk from the beach & a short drive away from fine restaurants, Riverside theater & art museum.

Key facts

• $934 HOA
• Parking
• Pool

Property features AI

Finance

• Other: Gutters noted as a community feature
• Financial info: Pets not allowed
• HOA & community: Jasmine Villas HOA; Monthly association fee of $934; HOA covers common areas, structure insurance, maintenance, sewer, trash and water

Exterior

• Parking: Assigned uncovered parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: 2-story building; Residential property; Faces south; Has a view; Has property attached
• Construction: Block, concrete, and stucco construction
• Exterior features: Rain gutters; Heated pool with electric heat

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: Bedroom (13 x 12); Bedroom (14 x 12)
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Ceiling fans
• Interior features: Furnished; Single-hung windows with window treatments; Air-to-air exchanger
• Laundry & utility: In-unit washer and dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $325k.

Deal economics

• At list price, monthly cash flow is $-234 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $291k (10.4% below list).
• Meets the 1% rule at list price ($4k rent vs $325k).
• Recommended offer: $291k (10.4% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 2.8% in Vero Beach — 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 80/100 on livability (#116 in FL, #1,784 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: employment D+, amenities D.
• 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: Beachland Elementary School (math 54% / reading 58%, grade C+, #832 of 2,144 statewide, top 40%, 523 students, 39% 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 schools at 54% FRL track the district average.
• Market conditions: Rents rising fast (+11.0%/yr); 501 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 31% of the median local income ($150k/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 $10k 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 73 days — a 6% lower offer ($306k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 9y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 24% 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 $291,198 (10.4% 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 73 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
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. 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?
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: 1.17% ✓
• Cap rate: 5.68%
• Cash-on-cash: -2.20%
• DSCR: 0.90
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.4%
• Equity multiple: 0.49×
• Total profit: $-46,715
• Equity at exit: $48,459

10-year hold

• IRR: 4.0%
• Equity multiple: 1.38×
• Total profit: $34,628
• Equity at exit: $28,100

Cash invested: $91,000 (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 32963

• Rents YoY: 11.0%
• Active inventory: 501
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $3,814 high
• Mortgage (P&I): −$1,704
• Tax est. 1.5%: −$406 /mo · $4,875/yr
• Insurance: −$135
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$934
• Vacancy / Maint / Mgmt: −$801
• Net cashflow: $-234

Break-even live

Break-even rent $4,109

Max offer price $291,198

Occupancy floor —

Sensitivity live

Price	-10% $-9	-5% $-121	+0% $-234	+5% $-346	+10% $-458
Rent	-10% $-535	-5% $-384	+0% $-234	+5% $-83	+10% $68
Rate	-1.0pp $-70	-0.5pp $-151	base $-234	+0.5pp $-318	+1.0pp $-403

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
900 Jasmine Ln Unit 9A Vero Beach, FL	2.0	2.0	1130	$2,800	$2.48	23d	1	0.03mi
900 Jasmine Ln Unit 103B Vero Beach, FL	2.0	2.0	1070	$2,200	$2.06	23d	1	0.03mi
800 Coquina Ln Vero Beach, FL	2.0	2.0	1120	$3,350	$2.99	23d	2	0.07mi
935 E Causeway Blvd #408 Vero Beach, FL	2.0	2.0	1091	$2,250	$2.06	15d	1	0.20mi
925 Coquina Ln Unit 925 Vero Beach, FL	2.0	2.0	1000	$4,000	$4.00	23d	1	0.20mi
915 Marigold Ln Vero Beach, FL	3.0	2.0	1160	$3,000	$2.59	23d	1	0.21mi
919 Turtle Cove Ln #1 Vero Beach, FL	2.0	1.0	800	$1,950	$2.44	23d	1	0.24mi
1700 Ocean Dr Unit 302V Vero Beach, FL	2.0	2.0	1480	$3,300	$2.23	23d	1	0.25mi
1700 Ocean Dr #201 Vero Beach, FL	2.0	2.0	1480	$4,000	$2.70	23d	1	0.25mi
1616 Ocean Dr Unit 303V Vero Beach, FL	2.0	2.0	1480	$6,200	$4.19	23d	1	0.29mi
1536 Ocean Dr Unit 203B Vero Beach, FL	2.0	2.0	1150	$6,000	$5.22	23d	1	0.30mi
1480 Ocean Dr Vero Beach, FL	2.0	2.0	1230	$6,250	$5.08	23d	4	0.33mi
600 Riomar Dr #16 Vero Beach, FL	2.0	2.0	1200	$6,000	$5.00	23d	1	1.07mi
2700 Ocean Dr #208 Vero Beach, FL	2.0	2.0	1100	$3,850	$3.50	15d	1	1.16mi
2700 Ocean Dr #404 Vero Beach, FL	3.0	2.0	1150	$9,000	$7.83	23d	1	1.16mi
2700 Ocean Dr #501 Vero Beach, FL	2.0	2.0	1450	$8,000	$5.52	23d	1	1.16mi
2700 Ocean Dr #106 Vero Beach, FL	2.0	2.0	1100	$4,500	$4.09	23d	1	1.16mi
2704 Cardinal Dr Vero Beach, FL	2.0	1.5	1480	$3,250	$2.20	23d	1	1.19mi
1840 Tarpon Ln Unit D202 Vero Beach, FL	2.0	2.0	1400	$2,500	$1.79	23d	1	1.26mi
626 Gardenia Ln Vero Beach, FL	3.0	2.0	1311	$2,800	$2.14	15d	1	1.27mi
824 Dahlia Ln Vero Beach, FL	2.0	1.5	900	$4,500	$5.00	23d	1	1.35mi
725 Dahlia Ln Vero Beach, FL	3.0	3.0	1455	$4,500	$3.09	15d	1	1.39mi
1860 Robalo Dr Vero Beach, FL	2.0	2.0	950	$2,600	$2.74	23d	2	1.42mi
1935 Cobia Dr Unit 202E Vero Beach, FL	2.0	2.0	1000	$2,250	$2.25	23d	1	1.43mi
1845 Robalo Dr Unit 205 Vero Beach, FL	2.0	2.0	1000	$2,500	$2.50	23d	1	1.45mi
1873 Robalo Dr Vero Beach, FL	2.0	2.0	1152	$2,300	$2.00	23d	1	1.47mi
263 Provence Pl Vero Beach, FL	2.0	2.5	1364	$3,500	$2.57	23d	1	1.47mi

HOA detail condo

• Monthly dues: $934 · $11,208/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 39 events

1. 2026-06-22
   days on market $325,000 Active 73 DOM
2. 2026-06-19
   days on market $325,000 Active 71 DOM
3. 2026-06-18
   days on market $325,000 Active 70 DOM
4. 2026-06-17
   days on market $325,000 Active 69 DOM
5. 2026-06-16
   days on market $325,000 Active 68 DOM
6. 2026-06-15
   price $325,000 Active 67 DOM
7. 2026-06-15
   days on market $350,000 Active 67 DOM
8. 2026-06-14
   days on market $350,000 Active 65 DOM
9. 2026-06-13
   days on market $350,000 Active 64 DOM
10. 2026-06-10
    days on market $350,000 Active 62 DOM
11. 2026-06-09
    days on market $350,000 Active 61 DOM
12. 2026-06-08
    days on market $350,000 Active 60 DOM
13. 2026-06-07
    days on market $350,000 Active 59 DOM
14. 2026-06-05
    days on market $350,000 Active 56 DOM
15. 2026-06-02
    days on market $350,000 Active 54 DOM
16. 2026-06-01
    days on market $350,000 Active 53 DOM
17. 2026-05-31
    days on market $350,000 Active 52 DOM
18. 2026-05-30
    days on market $350,000 Active 51 DOM
19. 2026-05-15
    historical $2,400
20. 2026-04-10
    listed $350,000 Active
21. 2026-04-09
    listed $350,000 Active
22. 2026-03-31
    historical $350,000
23. 2026-03-25
    listed $2,400
24. 2026-03-14
    historical $2,400
25. 2026-01-01
    listed $2,400
26. 2025-12-21
    historical $2,400
27. 2025-12-18
    listed $2,400
28. 2025-11-14
    historical $2,400
29. 2025-07-08
    listed $2,400
30. 2025-04-09
    historical $2,400
31. 2025-03-30
    listed $2,400
32. 2025-03-26
    historical $2,400
33. 2024-05-07
    price $2,400
34. 2023-11-10
    listed $2,000
35. 2022-04-21
    soldstatus $355,000 Closed 365-char remark

    Show marketing remark (365 chars)

    Conveniently located in South Beach Vero, this corner unit in Jasmine Villas features a 2BD, 2BA layout with 1,070 living sq. ft. New upgrades include a 2019 HVAC, 2018 impact windows & stackable washer/dryer. Located east of A1A, you're a few minutes walk from the beach & a short drive away from fine restaurants, Riverside theater & art museum.

36. 2022-03-02
    status Pending 365-char remark

    Show marketing remark (365 chars)

    Conveniently located in South Beach Vero, this corner unit in Jasmine Villas features a 2BD, 2BA layout with 1,070 living sq. ft. New upgrades include a 2019 HVAC, 2018 impact windows & stackable washer/dryer. Located east of A1A, you're a few minutes walk from the beach & a short drive away from fine restaurants, Riverside theater & art museum.

37. 2022-02-24
    listed $345,000 Active 365-char remark

    Show marketing remark (365 chars)

    Conveniently located in South Beach Vero, this corner unit in Jasmine Villas features a 2BD, 2BA layout with 1,070 living sq. ft. New upgrades include a 2019 HVAC, 2018 impact windows & stackable washer/dryer. Located east of A1A, you're a few minutes walk from the beach & a short drive away from fine restaurants, Riverside theater & art museum.

38. 2017-04-25
    listed $178,000
39. 2016-01-19
    soldstatus $130,000

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 87% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $45,765
• − Mortgage interest: −$18,205
• − Property taxes: −$4,875
• − Insurance: −$2,422
• − Repairs & maintenance: −$3,661
• − Management: −$3,661
• − HOA: −$11,208
• − Depreciation: −$9,455
• Taxable loss: −$7,722
• Est. tax savings @ 24.0%: +$1,853
• After-tax cash flow: $-950/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 Beach

• Score: 80/100
• State rank: #116
• US rank: #1784

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vero Beach, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 15,008
• Household income: $149,923
• Rent vs Own: 4.9% rent · 95.1% own
• Severe rent burden: 119.0

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: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 5% Lithuanian 4% Italian 3%
• Foreign-born: 9% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 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: ▼ -180.47%
• Current HPI: 312.0326
• Rent YoY: ▲ 11.04%
• 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

-98.2% since first listed

21 events — show timeline

• 2026-05-15 Rental Removed $2,400 RAIRCMLS
• 2026-04-10 Listed $350,000 SCMLS
• 2026-04-09 Listed $350,000 RAIRCMLS
• 2026-03-31 Coming Soon $350,000 RAIRCMLS
• 2026-03-25 Listed for Rent $2,400 RAIRCMLS
• 2026-03-14 Rental Removed $2,400 RAIRCMLS
• 2026-01-01 Listed for Rent $2,400 RAIRCMLS
• 2025-12-21 Rental Removed $2,400 RAIRCMLS
• 2025-12-18 Listed for Rent $2,400 RAIRCMLS
• 2025-11-14 Rental Removed $2,400 RAIRCMLS
• 2025-07-08 Listed for Rent $2,400 RAIRCMLS
• 2025-04-09 Rental Removed $2,400 RAIRCMLS
• 2025-03-30 Listed for Rent $2,400 RAIRCMLS
• 2025-03-26 Rental Removed $2,400 RAIRCMLS
• 2024-05-07 Price Changed $2,400 RAIRCMLS
• 2023-11-10 Listed for Rent $2,000 RAIRCMLS
• 2022-04-21 Sold (MLS) $355,000 RAIRCMLS
• 2022-03-02 Pending — RAIRCMLS
• 2022-02-24 Listed $345,000 RAIRCMLS
• 2017-04-25 Listed $178,000 RAIRCMLS
• 2016-01-19 Sold (MLS) $130,000 RAIRCMLS