55 Mediterranean Blvd N · River Park, FL 34952

$74,999

2 bd · 2.0 ba · 1,180 sqft · Manufactured · 124 Days on market

Built 1974 Fair condition

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent Opportunity to be part of the Spanish Lakes Community! Welcome Home to this 2 bedroom and 2 bathroom home! NEW STOVE APRIL 2020 AND NEW FRIDGE 2019. washer and Dryer located in storage room. This 55+ community offers the quintessential Florida lifestyle with dozens of onsite activities such as Golf Clubs, Tennis Club, Billiards, Pickleball, Shuffleboard, Resident and Guest Pools, Sewing , Water Aerobics, Social Events and SO MUCH MORE! Close to Route 1 and wonderful dining, shopping and great medical facilities this community offers everything you could need or want right outside your front door!

Key facts

• Brand new kitchen
• Community amenities
• New flooring

Tags

• BRAND NEW KITCHEN
• FULLY RENOVATED BATHROOMS
• NEW FLOORING
• COMMUNITY AMENITIES

Property features AI

Finance

• Other: Located east of US-1; inside Spanish Lakes One
• HOA & community: Association with amenities including clubhouse, fitness center, golf course, game room, pool, sauna, shuffleboard court and community room; Association fees paid annually; fees cover maintenance of grounds, trash, common areas and golf; Senior community; Pets allowed (restrictions possible)

Exterior

• Parking: 2 parking spaces total; Attached carport with 1 covered/carport space and 1 open space
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Mobile home; Single-story; Faces north; Resale
• Construction: Modular construction; Roof over
• Exterior features: Shed(s); Entry level living area; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms (main level)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Partially furnished; Electric water heater
• Laundry & utility: Laundry closet; Inside and outside access for laundry; Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $75k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.3% vs local median 6.4% in River Park — 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 69/100 on livability (#451 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: amenities F, employment F, health & safety D-.
• 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: Savanna Ridge Elementary School (math 40% / reading 45%, grade F, #1,383 of 2,144 statewide, top 65%, 452 students, 75% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Port St. Lucie High School (math 21% / reading 43%, grade F, #415 of 667 statewide, top 63%, 1,748 students, 67% FRL).
• Market conditions: Rents rising (+1.9%/yr); 645 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 36% of the median local income ($62k/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 $518 of loan paydown is wiped out by about $2k 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 + 1.9% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $75k implies a 837% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 2.46% ✓
• Cap rate: 21.30%
• Cash-on-cash: 53.59%
• DSCR: 3.38
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $37,760
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Reforma Ln	0.09mi	2/2.0	1,150 (-2%)	20mo	$37,000	$32	75
31 Huarte Way	0.49mi	2/2.0	1,188 (+1%)	3mo	$45,000	$38	73
45 Mediterranean Blvd W	0.22mi	2/2.0	1,200 (+2%)	24mo	$38,000	$32	67
23 Oro Grande Way	0.50mi	2/2.0	1,088 (-8%)	6mo	$45,000	$41	58
5 Yolanda Ln	0.52mi	2/2.0	1,280 (+8%)	5mo	$39,000	$30	57
23 San Pablo Ln	0.73mi	2/2.0	1,200 (+2%)	13mo	$37,000	$31	52
25 Rio Verde Way	0.63mi	2/2.0	1,200 (+2%)	22mo	$64,900	$54	50
82 Spanish Way	0.73mi	2/2.0	1,245 (+6%)	22mo	$18,000	$14	38
2 Quintana Roo Ln	0.73mi	2/2.0	1,350 (+14%)	21mo	$32,000	$24	25

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 · 1.92% rent growth · sell at horizon

5-year hold

• IRR: 50.5%
• Equity multiple: 3.17×
• Total profit: $45,621
• Equity at exit: $11,183

10-year hold

• IRR: 55.5%
• Equity multiple: 6.18×
• Total profit: $108,792
• Equity at exit: $6,485

Cash invested: $21,000 (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 34952

• Home prices YoY: -29.6%
• Rents YoY: 1.9%
• Active inventory: 645
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,843 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $938

Break-even live

Break-even rent $656

Max offer price $74,999

Occupancy floor 44%

Sensitivity live

Price	-10% $990	-5% $964	+0% $938	+5% $912	+10% $886
Rent	-10% $792	-5% $865	+0% $938	+5% $1,011	+10% $1,083
Rate	-1.0pp $976	-0.5pp $957	base $938	+0.5pp $918	+1.0pp $899

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7700 Pine Lakes Blvd Port Saint Lucie, FL	1.0–3.0	1.0–2.0	1022	$1,878	$1.84	15d	16	0.73mi
124 E Arbor Ave Port Saint Lucie, FL	3.0	1.0	964	$2,550	$2.65	15d	1	0.87mi
1900 Bella Vista Way Port Saint Lucie, FL	1.0–2.0	1.0–2.0	995	$1,764	$1.77	15d	15	0.90mi
13 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,375	$1.72	25d	1	0.98mi
14 Lake Vista Trl #101 Port Saint Lucie, FL	2.0	2.0	1170	$2,200	$1.88	25d	1	1.00mi
11 Lake Vista Trl #206 Port Saint Lucie, FL	2.0	2.0	1080	$1,400	$1.30	25d	1	1.05mi
8 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,500	$1.88	25d	1	1.07mi
26 Lake Vista Trl #201 Port Saint Lucie, FL	2.0	2.0	1170	$1,500	$1.28	25d	1	1.10mi
28 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,600	$2.00	25d	1	1.12mi
30 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,300	$1.62	25d	1	1.14mi
4 Lake Vista Trl #202 Port Saint Lucie, FL	2.0	2.0	1080	$1,700	$1.57	22d	1	1.16mi
2 Lake Vista Trl #107 Port Saint Lucie, FL	2.0	2.0	1170	$1,850	$1.58	25d	1	1.20mi
326 Shady Ln Port Saint Lucie, FL	3.0	2.0	1030	$2,250	$2.18	25d	1	1.20mi
1 Lake Vista Trl #201 Port Saint Lucie, FL	2.0	2.0	1170	$1,800	$1.54	25d	1	1.22mi
730 SE White Ave Port Saint Lucie, FL	2.0	2.0	1386	$10,000	$7.22	25d	1	1.24mi

Listing history 21 events

1. 2026-06-21
   days on market $74,999 Active 124 DOM
2. 2026-06-18
   days on market $74,999 Active 121 DOM
3. 2026-06-17
   days on market $74,999 Active 120 DOM
4. 2026-06-16
   days on market $74,999 Active 119 DOM
5. 2026-06-15
   days on market $74,999 Active 118 DOM
6. 2026-06-14
   days on market $74,999 Active 116 DOM
7. 2026-06-13
   days on market $74,999 Active 115 DOM
8. 2026-06-10
   days on market $74,999 Active 113 DOM
9. 2026-06-09
   days on market $74,999 Active 112 DOM
10. 2026-06-08
    days on market $74,999 Active 111 DOM
11. 2026-06-07
    days on market $74,999 Active 110 DOM
12. 2026-06-05
    pricedays on market $74,999 Active 107 DOM
13. 2026-06-03
    days on market $85,000 Active 106 DOM
14. 2026-06-02
    days on market $85,000 Active 105 DOM
15. 2026-06-01
    days on market $85,000 Active 104 DOM
16. 2026-05-31
    days on market $85,000 Active 103 DOM
17. 2026-05-30
    days on market $85,000 Active 102 DOM
18. 2026-02-16
    listed $85,000 Active
19. 2020-07-23
    soldstatus $8,000 Closed 618-char remark

    Show marketing remark (618 chars)

    Excellent Opportunity to be part of the Spanish Lakes Community! Welcome Home to this 2 bedroom and 2 bathroom home! NEW STOVE APRIL 2020 AND NEW FRIDGE 2019. washer and Dryer located in storage room. This 55+ community offers the quintessential Florida lifestyle with dozens of onsite activities such as Golf Clubs, Tennis Club, Billiards, Pickleball, Shuffleboard, Resident and Guest Pools, Sewing , Water Aerobics, Social Events and SO MUCH MORE! Close to Route 1 and wonderful dining, shopping and great medical facilities this community offers everything you could need or want right outside your front door!

20. 2020-07-03
    status Pending 618-char remark

    Show marketing remark (618 chars)

    Excellent Opportunity to be part of the Spanish Lakes Community! Welcome Home to this 2 bedroom and 2 bathroom home! NEW STOVE APRIL 2020 AND NEW FRIDGE 2019. washer and Dryer located in storage room. This 55+ community offers the quintessential Florida lifestyle with dozens of onsite activities such as Golf Clubs, Tennis Club, Billiards, Pickleball, Shuffleboard, Resident and Guest Pools, Sewing , Water Aerobics, Social Events and SO MUCH MORE! Close to Route 1 and wonderful dining, shopping and great medical facilities this community offers everything you could need or want right outside your front door!

21. 2020-06-17
    listed $10,000 Active 618-char remark

    Show marketing remark (618 chars)

    Excellent Opportunity to be part of the Spanish Lakes Community! Welcome Home to this 2 bedroom and 2 bathroom home! NEW STOVE APRIL 2020 AND NEW FRIDGE 2019. washer and Dryer located in storage room. This 55+ community offers the quintessential Florida lifestyle with dozens of onsite activities such as Golf Clubs, Tennis Club, Billiards, Pickleball, Shuffleboard, Resident and Guest Pools, Sewing , Water Aerobics, Social Events and SO MUCH MORE! Close to Route 1 and wonderful dining, shopping and great medical facilities this community offers everything you could need or want right outside your front door!

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 20 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: $22,118
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$1,769
• − Management: −$1,769
• − Depreciation: −$2,182
• Taxable income: $10,696
• Est. tax owed @ 24.0%: −$2,567
• After-tax cash flow: $8,686/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

Fair 45/100 Moderate rehab

This home requires moderate repairs and maintenance, particularly in the exterior and landscaping, but has good interior finishes and a good HVAC system. Upgrading the exterior and landscaping would significantly enhance its curb appeal and value.

Repairs flagged

• Minor Landscaping — Overgrown bushes need trimming.
• Moderate Exterior paint — White siding shows some discoloration and wear.
• Minor Landscaping — Sparse landscaping could benefit from some attention to enhance curb appeal.

Value-add opportunities

• Both Landscaping and exterior painting — Enhances curb appeal and overall aesthetic, attracting more potential buyers or renters.
• Resale Kitchen appliances — Upgrading appliances can increase the home's appeal to potential buyers.
• Resale Bathroom fixtures — Modernizing bathroom fixtures can enhance the home's appeal and functionality for potential buyers.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Overgrown bushes need trimming.	Minor	$500–3,000
Exterior paint · White siding shows some discoloration and wear.	Moderate	$3,000–15,000
Landscaping · Sparse landscaping could benefit from some attention to enhance curb appeal.	Minor	$500–3,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both Landscaping and exterior painting — Enhances curb appeal and overall aesthetic, attracting more potential buyers or renters. ↑
• Resale Kitchen appliances — Upgrading appliances can increase the home's appeal to potential buyers. ↑
• Resale Bathroom fixtures — Modernizing bathroom fixtures can enhance the home's appeal and functionality for potential buyers. ↑

ⓘ 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: 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

Livability — River Park

• Score: 69/100
• State rank: #451
• US rank: #8159

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Lucie County · 337,150 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 42,655
• Household income: $61,628
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 1759.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 62% Hispanic / Latino 19% Two or more races 14% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Hispanic 1%
• Foreign-born: 18% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 16% French/Haitian/Cajun 3% Tagalog/Filipino 2%

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: —

Market trends

• HPI YoY: ▼ -155.80%
• Current HPI: 371.0573
• Rent YoY: ▲ 1.92%
• 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

+750.0% since first listed

4 events — show timeline

• 2026-02-16 Listed $85,000 Beaches MLS
• 2020-07-23 Sold (MLS) $8,000 Beaches MLS
• 2020-07-03 Pending — Beaches MLS
• 2020-06-17 Listed $10,000 Beaches MLS