1967 SW Palm City Rd Unit 34c · Stuart, FL 34994

$112,000

1 bd · 1.0 ba · 699 sqft · Condo · 73 Days on market

Built 1972 Good condition $160/sqft · 8% above area Est $104k · 8% over $643/mo HOA · 38% 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).

• 1% rule +10.0/10.0
• Cash flow +9.9/30.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• ARV discount +4.1/15.0
• Condition / age +4.0/5.0
• DSCR +2.8/10.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Zen time! Tastefully appointed 1st Floor 55+ FURNISHED and TURNKEY 1BR/1BTH Condo now available in Monterey Yacht & CC, ready for you to move right in! Gorgeous golf course views, this unit is close to the community pool and activities! All new furniture, new dishes/glasses/silverware etc, included, freshly painted, tile throughout, new ceiling fans, upgraded electric, newly installed recessed lighting, new decor dimmers, all new plumbing, with new vanity and commode in bath, AC 2023. Accordion Shutters on large lanai w/2 storage units for easy hurricane prep! Conveniently located next to laundry room! Maintenance fee includes unlimited golf, cable & internet, hot water, sewer & trash! Amenities incl. fitness center, library, 2 clubhouses, BBQ, Pool, Bocce, Billard's, fishing pier & more!

Key facts

• New plumbing
• Community pool
• New ceiling fans

Tags

• GOLF COURSE VIEWS
• COMMUNITY POOL
• NEW CEILING FANS
• UPGRADED ELECTRIC
• NEW PLUMBING
• ACCORDION SHUTTERS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $112k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-69 ($-824/yr) — negative.
• To cash-flow at today's rent, offer at most $102k (8.9% below list).
• Meets the 1% rule at list price ($2k rent vs $112k).
• Recommended offer: $102k (8.9% below list) — sets the bar for cash-flow.
• Cap rate 5.6% vs local median 4.1% in Stuart — 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 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.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 33% of the median local income ($63k/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 $774 of loan paydown is wiped out by about $3k 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 73 days — a 6% lower offer ($105k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 38% 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 $102,059 (8.9% 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 9% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — 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. 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. 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?
10. 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.
11. 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.
12. 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: 1.52% ✓
• Cap rate: 5.56%
• Cash-on-cash: -2.63%
• DSCR: 0.88
• GRM: 5.5

CMA / ARV

• ARV (median comp): $104,044
• List price: $112,000
• Delta: 7.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -26.9%
• Equity multiple: 0.14×
• Total profit: $-27,105
• Equity at exit: $16,700

10-year hold

• IRR: -66.7%
• Equity multiple: -0.49×
• Total profit: $-46,856
• Equity at exit: $9,684

Cash invested: $31,360 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,707 high
• Mortgage (P&I): −$587
• Tax est. 1.5%: −$140 /mo · $1,680/yr
• Insurance: −$47
• HOA: −$643
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $-69

Break-even live

Break-even rent $1,794

Max offer price $102,059

Occupancy floor 99%

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,650	$1.85	14d	3	0.32mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$1,895	$2.06	14d	16	0.53mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$1,495	$1.76	14d	4	0.82mi
1041 SE Monterey Rd Unit 2-4 Stuart, FL	1.0	1.0	424	$1,375	$3.24	21d	1	0.91mi
1081 SE Monterey Rd Unit 3-31 Stuart, FL	1.0	1.0	424	$1,200	$2.83	23d	1	0.92mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	23d	1	1.09mi
633 SW Cleveland Ave Stuart, FL	1.0	1.0	548	$2,100	$3.83	14d	1	1.17mi
906 SE Tarpon Ave Unit B Stuart, FL	1.0	1.0	600	$1,350	$2.25	23d	1	1.21mi
524 SW St Lucie Cres Stuart, FL	1.0	1.0	610	$1,925	$3.16	14d	5	1.27mi
3800 S Kanner Hwy Stuart, FL	3.0	1.0–2.0	970	$2,265	$2.34	14d	21	1.38mi

HOA detail condo

• Monthly dues: $643 · $7,716/yr
• Likely covers: watersewertrashelectricinternetcablepoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $112,000 Active 73 DOM
2. 2026-06-17
   days on market $112,000 Active 72 DOM
3. 2026-06-16
   days on market $112,000 Active 71 DOM
4. 2026-06-15
   days on market $112,000 Active 70 DOM
5. 2026-06-14
   days on market $112,000 Active 68 DOM
6. 2026-06-13
   days on market $112,000 Active 67 DOM
7. 2026-06-10
   days on market $112,000 Active 65 DOM
8. 2026-06-09
   days on market $112,000 Active 64 DOM
9. 2026-06-08
   days on market $112,000 Active 63 DOM
10. 2026-06-07
    days on market $112,000 Active 62 DOM
11. 2026-06-03
    days on market $112,000 Active 58 DOM
12. 2026-06-03
    price $112,000 Active 57 DOM
13. 2026-06-02
    days on market $120,000 Active 57 DOM
14. 2026-06-01
    days on market $120,000 Active 56 DOM
15. 2026-05-31
    days on market $120,000 Active 55 DOM
16. 2026-05-31
    days on market $120,000 Active 54 DOM
17. 2026-04-06
    listed $120,000 Active 815-char remark

    Show marketing remark (815 chars)

    Zen time! Tastefully appointed 1st Floor 55+ FURNISHED and TURNKEY 1BR/1BTH Condo now available in Monterey Yacht & CC, ready for you to move right in! Gorgeous golf course views, this unit is close to the community pool and activities! All new furniture, new dishes/glasses/silverware etc, included, freshly painted, tile throughout, new ceiling fans, upgraded electric, newly installed recessed lighting, new decor dimmers, all new plumbing, with new vanity and commode in bath, AC 2023. Accordion Shutters on large lanai w/2 storage units for easy hurricane prep! Conveniently located next to laundry room! Maintenance fee includes unlimited golf, cable & internet, hot water, sewer & trash! Amenities incl. fitness center, library, 2 clubhouses, BBQ, Pool, Bocce, Billard's, fishing pier & more!

ⓘ 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 6/10 Major 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,481
• − Mortgage interest: −$6,274
• − Property taxes: −$1,680
• − Insurance: −$560
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − HOA: −$7,716
• − Depreciation: −$3,258
• Taxable loss: −$2,284
• Est. tax savings @ 24.0%: +$548
• After-tax cash flow: $-276/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 · 12 photos

Good 80/100 Cosmetic rehab

This 1BR/1BTH condo is in good condition with fresh paint and modern appliances. It's ready for move-in and offers a great value with potential for rental or resale.

Value-add opportunities

• Both Paint exterior walls — Enhances curb appeal and resale value
• Both Upgrade flooring — Modernizes the space and improves rental appeal
• Both Replace ceiling fans — Modernizes the space and improves rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior walls — Enhances curb appeal and resale value ↑
• Both Upgrade flooring — Modernizes the space and improves rental appeal ↑
• Both Replace ceiling fans — Modernizes the space and improves rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — 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

• County: Martin County · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 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: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• 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

1 event — show timeline

• 2026-04-06 Listed $120,000 Beaches MLS