179 NE Emerald Dr · Jensen Beach, FL 34957

$135,000

2 bd · 2.0 ba · — sqft · Manufactured · 6 Days on market

Built 1978 Good condition ↓ 15% since listing

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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 +4.5/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks

This stunning, fully updated manufactured home in Jensen Beach's desirable Pinelake Village truly checks every box, offering an open, bright, and spacious layout that feels unbelievable from the moment you enter. The 2022 roof provides peace of mind, while the chef's kitchen showcases new shaker cabinetry, granite tops, stainless steel appliances, a center island, and elegant crown molding. Both bathrooms have been completely remodeled with high-end cabinetry, granite tops, and beautifully tiled showers, and luxury vinyl plank flooring runs seamlessly throughout for easy maintenance. With countless upgrades and meticulous attention to detail, this home shows like a model. PLV is an active a

Key facts

• Completely remodeled
• New sheet rock
• New paint

Tags

• NEW AC
• NEW PAINT
• NEW SHEET ROCK
• COMPLETELY REMODELED
• NEW MATCHING CABINETS
• NEW QUARTZ COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $135k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $886 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 14.2% vs local median 4.1% in Jensen 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 70/100 on livability (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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 rising (+1.0%/yr); 539 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 39% of the median local income ($70k/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 $933 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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-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?
4. 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.
5. 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.
6. 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: 1.71% ✓
• Cap rate: 14.16%
• Cash-on-cash: 28.11%
• DSCR: 2.25
• GRM: 4.9

CMA / ARV

• ARV (median comp): $79,134
• List price: $135,000
• Delta: 70.60%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
309 NE Pinelake Village Blvd	0.16mi	2/2.0	1,100	0mo	$95,000	$86	80
151 Sharyon Ln	0.14mi	2/2.0	1,152	4mo	$89,000	$77	78
66 NE Pinelake Village Blvd	0.13mi	2/2.0	1,376	4mo	$70,000	$51	78
125 La Vaughn Cir	0.20mi	2/2.0	1,536	2mo	$55,000	$36	77
94 N North Warner Dr	0.19mi	2/2.0	1,404	2mo	$200,000	$142	77
4 N North Warner Dr	0.22mi	2/2.0	1,152	1mo	$62,500	$54	76
452 NE Pinelake Village Blvd	0.31mi	2/2.0	1,344	4mo	$55,500	$41	70
2423 NE Palm Ave Unit 27A	0.73mi	1/1.0 (-1)	700	2mo	$27,500	$39	42
2423 NE Palm Ave Unit BRAND NEW UNIT	0.73mi	1/1.0 (-1)	4,736	2mo	$27,000	$6	42
2423 NE Palm Ave #20	0.73mi	1/1.0 (-1)	700	3mo	$27,000	$39	42
2423 NE Palm Ave #31	0.73mi	1/1.0 (-1)	700	4mo	$27,000	$39	41
2423 NE Palm Ave #29	0.73mi	1/1.0 (-1)	700	4mo	$27,000	$39	41

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 1.79×
• Total profit: $30,021
• Equity at exit: $20,129

10-year hold

• IRR: 26.9%
• Equity multiple: 3.14×
• Total profit: $81,008
• Equity at exit: $11,672

Cash invested: $37,800 (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 34957

• Rents YoY: 1.0%
• Active inventory: 539
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,302 high
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $886

Break-even live

Break-even rent $1,181

Max offer price $135,000

Occupancy floor 57%

Sensitivity live

Price	-10% $979	-5% $932	+0% $886	+5% $839	+10% $792
Rent	-10% $704	-5% $795	+0% $886	+5% $977	+10% $1,067
Rate	-1.0pp $954	-0.5pp $920	base $886	+0.5pp $851	+1.0pp $815

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	24d	1	0.25mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	15d	1	0.27mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	15d	1	0.30mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	24d	1	0.34mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	24d	1	0.36mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	15d	1	0.36mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	24d	1	0.37mi
1550 NE 13th Ter Unit B16 Jensen Beach, FL	2.0	2.0	1272	$1,800	$1.42	24d	1	0.49mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	24d	1	0.53mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	24d	1	0.77mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	24d	1	0.80mi
2831 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1248	$3,000	$2.40	24d	1	0.82mi
590 NE Lima Vias Jensen Beach, FL	2.0	2.0	1295	$3,300	$2.55	24d	1	0.85mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	24d	1	0.89mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	15d	1	0.91mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	24d	1	0.91mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	15d	27	0.92mi
2700 NE Indian River Dr Unit B Jensen Beach, FL	1.0	1.0	—	$1,550	—	24d	1	0.92mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	24d	1	0.93mi
1903 NE Media Ave Jensen Beach, FL	2.0	2.0	1324	$2,400	$1.81	24d	1	0.94mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	24d	1	0.95mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	24d	1	0.95mi
1366 NE Hilltop St Jensen Beach, FL	2.0	2.0	1596	$2,700	$1.69	24d	1	1.00mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	15d	1	1.02mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	24d	1	1.04mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	24d	1	1.04mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	24d	1	1.06mi
257 Preserve Trl N Stuart, FL	3.0	2.5	1652	$2,700	$1.63	24d	1	1.09mi
3393 NE Sandra Dr Jensen Beach, FL	3.0	3.0	1547	$2,700	$1.75	24d	1	1.25mi
25 NE 17th St Stuart, FL	3.0	2.0	990	$2,000	$2.02	24d	1	1.27mi
1528 NE Outrigger Landings Dr #208 Jensen Beach, FL	3.0	3.5	3344	$6,000	$1.79	24d	1	1.27mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	24d	1	1.30mi
3489 NE Linda Dr Jensen Beach, FL	3.0	2.0	1572	$3,150	$2.00	24d	1	1.32mi
1398 NW Cavendish Ct Stuart, FL	2.0–3.0	2.5	1242	$2,393	$1.93	22d	11	1.44mi
1315 NE Flora Pl Jensen Beach, FL	3.0	2.0	1400	$3,000	$2.14	24d	1	1.45mi
3663 NE Barbara Dr Jensen Beach, FL	2.0	1.0	991	$2,450	$2.47	24d	1	1.49mi

Listing history 18 events

1. 2026-06-21
   days on market $135,000 Active 6 DOM
2. 2026-06-18
   days on market $135,000 Active 3 DOM
3. 2026-06-17
   days on market $135,000 Active 2 DOM
4. 2026-06-16
   days on marketlisting id $135,000 Active 1 DOM
5. 2026-06-02
   days on market $135,000 Active 102 DOM
6. 2026-06-01
   days on market $135,000 Active 101 DOM
7. 2026-05-31
   days on market $135,000 Active 100 DOM
8. 2026-05-31
   days on market $135,000 Active 99 DOM
9. 2026-03-09
   price $135,000 798-char remark
10. 2026-02-20
    listed $147,000 Active 798-char remark
11. 2026-02-11
    historical
12. 2025-12-28
    status Active
13. 2025-12-27
    historical
14. 2025-08-28
    price $142,000
15. 2025-07-25
    price $149,000
16. 2025-07-08
    status Active
17. 2025-07-07
    status Pending
18. 2025-06-26
    listed $159,000 Active

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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

Taxation est. · year 1

• Rental income: $27,624
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$2,210
• − Management: −$2,210
• − Depreciation: −$3,927
• Taxable income: $9,014
• Est. tax owed @ 24.0%: −$2,163
• After-tax cash flow: $8,464/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 fully updated manufactured home in Jensen Beach's Pinelake Village is move-in ready with a good condition score and minimal maintenance required.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Replace blinds with energy-efficient ones — Improves energy efficiency and aesthetics
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Replace blinds with energy-efficient ones — Improves energy efficiency and aesthetics ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ 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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-15.1% since first listed

12 events — show timeline

• 2026-06-16 Listed $135,000 FSBO.com
• 2026-06-02 Listing Removed — Beaches MLS
• 2026-03-09 Price Changed $135,000 Beaches MLS
• 2026-02-20 Listed $147,000 Beaches MLS
• 2026-02-11 Listing Removed — Beaches MLS
• 2025-12-28 Relisted — Beaches MLS
• 2025-12-27 Listing Removed — Beaches MLS
• 2025-08-28 Price Changed $142,000 Beaches MLS
• 2025-07-25 Price Changed $149,000 Beaches MLS
• 2025-07-08 Relisted — Beaches MLS
• 2025-07-07 Pending — Beaches MLS
• 2025-06-26 Listed $159,000 Beaches MLS