1225 NW 21st St Unit 1-103 · North River Shores, FL 34994

$119,000

1 bd · 1.5 ba · 747 sqft · Condo public records · 177 Days on market

Built 1974 $159/sqft · at area comps Est $116k · at est. $332/mo HOA · 21% of rent

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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).

• Cash flow +24.5/30.0
• 1% rule +8.6/10.0
• DSCR +7.9/10.0
• ARV discount +6.4/15.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tenant occupied March 1st for 1 year, good income. THIS FRESHLY UPGRADED AND FURNISHED CONDO iN AN ACTIVE 55+ COMMUNITY WITH MANY AMENITIES AND ACTIVITIES SUCH AS CLUBHOUSE,SWIMMING POOL,LIBRARY,CRAFT ROOM, GYM, WORKSHOP, BILLiARD, BOCCE,BARBECUE GRILLS. THERE'S A STORAGE CLOSET LOCATED ON THE ENCLOSED BACK PATIO.PROPERTY IS LOCATED ON THE FIRST FLOOR,CORNER UNIT IN BUILDING 1,ACROSS FROM THE CLUBHOUSE AND POOL. VISTA DEL LAGO IS LOCATED OFF OF US 1 BETWEEN JESEN BEACH AND HISTORIC DOWNTOWN STUART-CLOSE TO BEACHES,SHOPPING,MEDICAL SERVICES AND HOSPITALS ALL CLOSE BY.CENTRAL AIR CONDITION And HEAT,CABLE AND WATER INCLUDED IN THE HOA.VERIFIED SUPPORT PETS ONLY,DESIGNATED PARKING SPOT,NO TRUCKS OR MOTORCYCLES ALLOWED.DON'T MISS THIS GREAT UNIT IN THIS PEACEFUL WELL-RUN COMMUNITY.

Key facts

• Craft room
• Clubhouse
• Swimming pool

Tags

• CLUBHOUSE
• SWIMMING POOL
• LIBRARY
• CRAFT ROOM
• GYM
• WORKSHOP

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 5.7% in North River Shores — 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 74/100 on livability (#292 in FL, #4,906 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B+; Watch: schools D+, amenities F, commute 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.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 31% 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 $823 of loan paydown is wiped out by about $4k 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 177 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask is 7833% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $41k; list at $119k implies a 190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 21% 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 $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 177 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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. 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.
9. 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.
10. 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: 1.36% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.78%
• DSCR: 1.39
• GRM: 6.1

CMA / ARV

• ARV (median comp): $116,079
• List price: $119,000
• Delta: 2.52%
• 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: -7.0%
• Equity multiple: 0.75×
• Total profit: $-8,349
• Equity at exit: $17,743

10-year hold

• IRR: -2.7%
• Equity multiple: 0.85×
• Total profit: $-4,988
• Equity at exit: $10,289

Cash invested: $33,320 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,619 high
• Mortgage (P&I): −$624
• Tax from tax record: −$30 /mo · $356/yr
• Insurance: −$50
• HOA: −$332
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $244

Break-even live

Break-even rent $1,311

Max offer price $119,000

Occupancy floor 80%

Sensitivity live

Price	-10% $311	-5% $277	+0% $244	+5% $210	+10% $176
Rent	-10% $116	-5% $180	+0% $244	+5% $308	+10% $372
Rate	-1.0pp $304	-0.5pp $274	base $244	+0.5pp $213	+1.0pp $182

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1225 NW 21st St Unit 7-705 Stuart, FL	1.0	1.5	747	$1,550	$2.07	14d	1	0.03mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,500	$1.94	21d	3	0.03mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,350	$1.75	14d	1	0.03mi
1225 NW 21st St Unit 35-3512 Stuart, FL	1.0	1.5	747	$1,395	$1.87	24d	1	0.03mi
2201 NW Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1080	$1,810	$1.68	14d	18	0.30mi
1900 NW Federal Hwy Stuart, FL	1.0–2.0	1.0–2.0	1013	$2,165	$2.14	14d	21	0.32mi
1010 NW Fresco Way Jensen Beach, FL	1.0–3.0	1.0–2.0	1011	$1,725	$1.71	14d	10	0.61mi
800 NW Fork Rd Stuart, FL	1.0–2.0	1.0–2.0	886	$1,800	$2.03	14d	2	1.13mi

HOA detail condo

• Monthly dues: $332 · $3,984/yr
• Likely covers: watercablepoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 39 events

1. 2026-06-18
   days on market $119,000 Active 177 DOM
2. 2026-06-17
   days on market $119,000 Active 176 DOM
3. 2026-06-16
   days on market $119,000 Active 175 DOM
4. 2026-06-15
   days on market $119,000 Active 174 DOM
5. 2026-06-14
   days on market $119,000 Active 172 DOM
6. 2026-06-13
   days on market $119,000 Active 171 DOM
7. 2026-06-10
   days on market $119,000 Active 169 DOM
8. 2026-06-09
   days on market $119,000 Active 168 DOM
9. 2026-06-08
   days on market $119,000 Active 167 DOM
10. 2026-06-07
    days on market $119,000 Active 166 DOM
11. 2026-06-03
    days on market $119,000 Active 162 DOM
12. 2026-06-02
    days on market $119,000 Active 161 DOM
13. 2026-06-01
    days on market $119,000 Active 160 DOM
14. 2026-05-31
    days on market $119,000 Active 159 DOM
15. 2026-05-31
    days on market $119,000 Active 158 DOM
16. 2026-02-24
    historical $1,400
17. 2026-01-31
    historical $1,500
18. 2026-01-31
    listed $1,500
19. 2026-01-24
    price $119,000 787-char remark

    Show marketing remark (787 chars)

    Tenant occupied March 1st for 1 year, good income. THIS FRESHLY UPGRADED AND FURNISHED CONDO iN AN ACTIVE 55+ COMMUNITY WITH MANY AMENITIES AND ACTIVITIES SUCH AS CLUBHOUSE,SWIMMING POOL,LIBRARY,CRAFT ROOM, GYM, WORKSHOP, BILLiARD, BOCCE,BARBECUE GRILLS. THERE'S A STORAGE CLOSET LOCATED ON THE ENCLOSED BACK PATIO.PROPERTY IS LOCATED ON THE FIRST FLOOR,CORNER UNIT IN BUILDING 1,ACROSS FROM THE CLUBHOUSE AND POOL. VISTA DEL LAGO IS LOCATED OFF OF US 1 BETWEEN JESEN BEACH AND HISTORIC DOWNTOWN STUART-CLOSE TO BEACHES,SHOPPING,MEDICAL SERVICES AND HOSPITALS ALL CLOSE BY.CENTRAL AIR CONDITION And HEAT,CABLE AND WATER INCLUDED IN THE HOA.VERIFIED SUPPORT PETS ONLY,DESIGNATED PARKING SPOT,NO TRUCKS OR MOTORCYCLES ALLOWED.DON'T MISS THIS GREAT UNIT IN THIS PEACEFUL WELL-RUN COMMUNITY.

20. 2026-01-21
    price $123,900 787-char remark

    Show marketing remark (787 chars)

    Tenant occupied March 1st for 1 year, good income. THIS FRESHLY UPGRADED AND FURNISHED CONDO iN AN ACTIVE 55+ COMMUNITY WITH MANY AMENITIES AND ACTIVITIES SUCH AS CLUBHOUSE,SWIMMING POOL,LIBRARY,CRAFT ROOM, GYM, WORKSHOP, BILLiARD, BOCCE,BARBECUE GRILLS. THERE'S A STORAGE CLOSET LOCATED ON THE ENCLOSED BACK PATIO.PROPERTY IS LOCATED ON THE FIRST FLOOR,CORNER UNIT IN BUILDING 1,ACROSS FROM THE CLUBHOUSE AND POOL. VISTA DEL LAGO IS LOCATED OFF OF US 1 BETWEEN JESEN BEACH AND HISTORIC DOWNTOWN STUART-CLOSE TO BEACHES,SHOPPING,MEDICAL SERVICES AND HOSPITALS ALL CLOSE BY.CENTRAL AIR CONDITION And HEAT,CABLE AND WATER INCLUDED IN THE HOA.VERIFIED SUPPORT PETS ONLY,DESIGNATED PARKING SPOT,NO TRUCKS OR MOTORCYCLES ALLOWED.DON'T MISS THIS GREAT UNIT IN THIS PEACEFUL WELL-RUN COMMUNITY.

21. 2026-01-04
    price $124,900 787-char remark

    Show marketing remark (787 chars)

    Tenant occupied March 1st for 1 year, good income. THIS FRESHLY UPGRADED AND FURNISHED CONDO iN AN ACTIVE 55+ COMMUNITY WITH MANY AMENITIES AND ACTIVITIES SUCH AS CLUBHOUSE,SWIMMING POOL,LIBRARY,CRAFT ROOM, GYM, WORKSHOP, BILLiARD, BOCCE,BARBECUE GRILLS. THERE'S A STORAGE CLOSET LOCATED ON THE ENCLOSED BACK PATIO.PROPERTY IS LOCATED ON THE FIRST FLOOR,CORNER UNIT IN BUILDING 1,ACROSS FROM THE CLUBHOUSE AND POOL. VISTA DEL LAGO IS LOCATED OFF OF US 1 BETWEEN JESEN BEACH AND HISTORIC DOWNTOWN STUART-CLOSE TO BEACHES,SHOPPING,MEDICAL SERVICES AND HOSPITALS ALL CLOSE BY.CENTRAL AIR CONDITION And HEAT,CABLE AND WATER INCLUDED IN THE HOA.VERIFIED SUPPORT PETS ONLY,DESIGNATED PARKING SPOT,NO TRUCKS OR MOTORCYCLES ALLOWED.DON'T MISS THIS GREAT UNIT IN THIS PEACEFUL WELL-RUN COMMUNITY.

22. 2026-01-03
    listed $1,500
23. 2025-12-23
    listed $127,000 Active 787-char remark

    Show marketing remark (787 chars)

    Tenant occupied March 1st for 1 year, good income. THIS FRESHLY UPGRADED AND FURNISHED CONDO iN AN ACTIVE 55+ COMMUNITY WITH MANY AMENITIES AND ACTIVITIES SUCH AS CLUBHOUSE,SWIMMING POOL,LIBRARY,CRAFT ROOM, GYM, WORKSHOP, BILLiARD, BOCCE,BARBECUE GRILLS. THERE'S A STORAGE CLOSET LOCATED ON THE ENCLOSED BACK PATIO.PROPERTY IS LOCATED ON THE FIRST FLOOR,CORNER UNIT IN BUILDING 1,ACROSS FROM THE CLUBHOUSE AND POOL. VISTA DEL LAGO IS LOCATED OFF OF US 1 BETWEEN JESEN BEACH AND HISTORIC DOWNTOWN STUART-CLOSE TO BEACHES,SHOPPING,MEDICAL SERVICES AND HOSPITALS ALL CLOSE BY.CENTRAL AIR CONDITION And HEAT,CABLE AND WATER INCLUDED IN THE HOA.VERIFIED SUPPORT PETS ONLY,DESIGNATED PARKING SPOT,NO TRUCKS OR MOTORCYCLES ALLOWED.DON'T MISS THIS GREAT UNIT IN THIS PEACEFUL WELL-RUN COMMUNITY.

24. 2024-01-24
    historical $1,495
25. 2024-01-24
    listed $1,495
26. 2014-09-28
    historical
27. 2014-05-11
    historical
28. 2013-12-31
    soldstatus $41,000
29. 2013-12-01
    historical
30. 2013-05-31
    listed $45,900
31. 2011-11-10
    listed $44,000
32. 2011-09-16
    listed $45,000
33. 2005-01-28
    soldstatus $79,000
34. 2005-01-14
    historical
35. 2004-12-01
    listed $79,900
36. 2002-10-22
    soldstatus $40,000
37. 2000-05-02
    soldstatus $34,000
38. 1988-05-02
    soldstatus $39,900
39. 1978-03-01
    soldstatus $25,800

ⓘ 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: $356 · $30/mo
• Projected year-2 tax: $988 · $82/mo
• Expected delta: +$631/yr (+$53/mo · 177.1%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% 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: $19,429
• − Mortgage interest: −$6,666
• − Property taxes: −$356
• − Insurance: −$595
• − Repairs & maintenance: −$1,554
• − Management: −$1,554
• − HOA: −$3,984
• − Depreciation: −$3,462
• Taxable income: $1,257
• Est. tax owed @ 24.0%: −$302
• After-tax cash flow: $2,623/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 — North River Shores

• Score: 74/100
• State rank: #292
• US rank: #4906

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North River Shores, FL
• County: Martin County · 165,223 people
• 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

-94.6% since first listed

24 events — show timeline

• 2026-02-24 Rental Removed $1,400 RMLSFL
• 2026-01-31 Rental Removed $1,500 GFLMLS
• 2026-01-31 Listed for Rent $1,500 GFLMLS
• 2026-01-24 Price Changed $119,000 Beaches MLS
• 2026-01-21 Price Changed $123,900 Beaches MLS
• 2026-01-04 Price Changed $124,900 Beaches MLS
• 2026-01-03 Listed for Rent $1,500 RMLSFL
• 2025-12-23 Listed $127,000 Beaches MLS
• 2024-01-24 Rental Removed $1,495 MCRTC
• 2024-01-24 Listed for Rent $1,495 MCRTC
• 2014-09-28 Listing Removed — Beaches MLS
• 2014-05-11 Listing Removed — MCRTC
• 2013-12-31 Sold (Public Records) $41,000 Public Records
• 2013-12-01 Listing Removed — MCRTC
• 2013-05-31 Listed $45,900 MCRTC
• 2011-11-10 Listed $44,000 Beaches MLS
• 2011-09-16 Listed $45,000 MCRTC
• 2005-01-28 Sold (MLS) $79,000 Beaches MLS
• 2005-01-14 Listing Removed — Beaches MLS
• 2004-12-01 Listed $79,900 Beaches MLS
• 2002-10-22 Sold (Public Records) $40,000 Public Records
• 2000-05-02 Sold (Public Records) $34,000 Public Records
• 1988-05-02 Sold (Public Records) $39,900 Public Records
• 1978-03-01 Sold (Public Records) $25,800 Public Records

Property tax history

+27.3%/yr

Latest (2025): $356 · +2.1% YoY. Source: county tax records.