4280 29th Ave · Gifford, FL 32967

$165,000

2 bd · 1.0 ba · 800 sqft · SingleFamily public records · 136 Days on market

Built 1955 6,593 sqft lot

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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 +25.5/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with la

Key facts

• Bonus room
• Updated interior
• Gorgeous cabinets

Tags

• UPDATED INTERIOR
• BONUS ROOM
• STYLISH LAMINATE FLOORING
• STAINLESS STEEL APPLIANCES
• GORGEOUS CABINETS
• INSIDE LAUNDRY ROOM

Property features AI

Finance

• Other: Building area approximately 800 (source: public records)
• Financial info: Pets allowed with no restrictions
• HOA & community: No association amenities

Exterior

• Parking: Parking details not provided
• Security: No security features listed
• Utilities: Public water; Septic tank; Three-phase electric; Water service available
• Home design: Single-family residence; One story; West-facing
• Construction: Frame construction; Composition / shingle roof; Built as a resale property
• Exterior features: 50 ft x 128 ft lot; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: Two bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: No notable interior features listed
• Laundry & utility: Interior laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.0% in Gifford — 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 68/100 on livability (#538 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A; Watch: schools D+, amenities F, employment F.
• 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.
• Market conditions: Rents soft (-1.2%/yr); 612 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 136 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 4y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $165k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 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 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 9.08%
• Cash-on-cash: 9.94%
• DSCR: 1.44
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-7,713
• Equity at exit: $24,602

10-year hold

• IRR: 1.4%
• Equity multiple: 1.09×
• Total profit: $3,993
• Equity at exit: $14,266

Cash invested: $46,200 (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 32967

• Home prices YoY: -24.4%
• Rents YoY: -1.2%
• Active inventory: 612
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,816 high
• Mortgage (P&I): −$865
• Tax from tax record: −$118 /mo · $1,414/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $383

Break-even live

Break-even rent $1,331

Max offer price $165,000

Occupancy floor 74%

Sensitivity live

Price	-10% $476	-5% $429	+0% $383	+5% $336	+10% $289
Rent	-10% $239	-5% $311	+0% $383	+5% $454	+10% $526
Rate	-1.0pp $466	-0.5pp $425	base $383	+0.5pp $340	+1.0pp $296

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4316 28th Ave Vero Beach, FL	2.0	1.0	838	$1,450	$1.73	22d	1	0.13mi
4316 25th Ave Vero Beach, FL	2.0	1.0	728	$1,300	$1.79	22d	1	0.27mi
5035 Fairways Cir Vero Beach, FL	1.0–2.0	1.0–2.0	1191	$2,400	$2.01	22d	5	0.97mi
5050 Fairways Cir Vero Beach, FL	2.0	2.0	1085	$1,750	$1.61	22d	2	0.98mi
1670 N 42nd Cir Vero Beach, FL	1.0	1.0	815	$1,400	$1.72	14d	2	1.03mi
5095 Fairways Cir Vero Beach, FL	2.0–3.0	2.0	1092	$1,895	$1.74	14d	3	1.11mi
3850 11th Dr Vero Beach, FL	1.0–3.0	1.0–2.0	1029	$2,274	$2.21	14d	57	1.34mi
5065 Harmony Cir #106 Vero Beach, FL	1.0	1.0	871	$2,500	$2.87	14d	1	1.38mi

Listing history 29 events

1. 2026-05-30
   days on market $165,000 Active 136 DOM
2. 2026-03-12
   price $165,000
3. 2026-03-11
   price $165,000 405-char remark

   Show marketing remark (650 chars)

   Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with large shade tree, perfect for for entertaining, gardening, or relaxing. Updated electrical and piping, AC, and WH. Close to churches, shopping and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ beaches.

4. 2026-03-11
   price $165,000 650-char remark

   Show marketing remark (650 chars)

   Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with large shade tree, perfect for for entertaining, gardening, or relaxing. Updated electrical and piping, AC, and WH. Close to churches, shopping and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ beaches.

5. 2026-01-14
   listed $185,000 Active

   Show marketing remark (650 chars)

   Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with large shade tree, perfect for for entertaining, gardening, or relaxing. Updated electrical and piping, AC, and WH. Close to churches, shopping and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ beaches.

6. 2026-01-14
   listed $185,000 Active 405-char remark

   Show marketing remark (650 chars)

   Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with large shade tree, perfect for for entertaining, gardening, or relaxing. Updated electrical and piping, AC, and WH. Close to churches, shopping and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ beaches.

7. 2026-01-14
   listed $185,000 Active 650-char remark

   Show marketing remark (650 chars)

   Charming home with recently updated interior features 2 bd, 1 ba, PLUS bonus room perfect for an office or guest space. This property boasts modern touches like stylish laminate flooring throughout, stainless steel appliances (range, refrigerator, and microwave), gorgeous cabinets and countertops, inside laundry room with washer & dryer, driveway with ample parking and a spacious backyard with large shade tree, perfect for for entertaining, gardening, or relaxing. Updated electrical and piping, AC, and WH. Close to churches, shopping and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌​​​‌‌​​‌​ beaches.

8. 2025-06-17
   historical
9. 2025-06-04
   price $200,000
10. 2025-06-04
    price $200,000
11. 2025-02-06
    listed $215,000 Active
12. 2025-02-06
    listed $215,000 Active
13. 2025-02-01
    historical $1,850
14. 2025-01-31
    historical
15. 2025-01-27
    price $1,850
16. 2025-01-12
    listed $1,975
17. 2025-01-12
    historical $1,975
18. 2025-01-12
    listed $1,975
19. 2023-11-01
    soldstatus $70,000
20. 2023-10-19
    soldstatus $70,000 Closed
21. 2023-08-22
    status Pending
22. 2023-08-18
    listed $80,000 Active
23. 2023-01-26
    price $85,000
24. 2022-09-24
    price $95,000
25. 2022-09-02
    price $108,000
26. 2022-07-29
    listed $120,000 Active
27. 1993-03-18
    soldstatus $14,000
28. 1983-10-01
    soldstatus $7,500
29. 1976-01-01
    soldstatus $6,000

ⓘ 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: $1,414 · $118/mo
• Projected year-2 tax: $1,414 · $118/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 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: $21,791
• − Mortgage interest: −$9,243
• − Property taxes: −$1,414
• − Insurance: −$825
• − Repairs & maintenance: −$1,743
• − Management: −$1,743
• − Depreciation: −$4,800
• Taxable income: $2,022
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $4,107/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 — Gifford

• Score: 68/100
• State rank: #538
• US rank: #10083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gifford, FL
• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 27,240
• Household income: $78,058
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 674.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 17% Two or more races 16% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Salvadoran 2%
• Common ancestry: Romanian 3% Hispanic 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 3% Russian/Polish/Slavic 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: ▼ -91.34%
• Current HPI: 282.6156
• Rent YoY: ▼ -1.16%
• 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

+2650.0% since first listed

28 events — show timeline

• 2026-03-12 Price Changed $165,000 Beaches MLS
• 2026-03-11 Price Changed $165,000 SCMLS
• 2026-03-11 Price Changed $165,000 RAIRCMLS
• 2026-01-14 Listed $185,000 RAIRCMLS
• 2026-01-14 Listed $185,000 SCMLS
• 2026-01-14 Listed $185,000 Beaches MLS
• 2025-06-17 Listing Removed — Beaches MLS
• 2025-06-04 Price Changed $200,000 Beaches MLS
• 2025-06-04 Price Changed $200,000 RAIRCMLS
• 2025-02-06 Listed $215,000 RAIRCMLS
• 2025-02-06 Listed $215,000 Beaches MLS
• 2025-02-01 Rental Removed $1,850 SCMLS
• 2025-01-31 Coming Soon — RAIRCMLS
• 2025-01-27 Price Changed $1,850 SCMLS
• 2025-01-12 Listed for Rent $1,975 SCMLS
• 2025-01-12 Rental Removed $1,975 RAIRCMLS
• 2025-01-12 Listed for Rent $1,975 RAIRCMLS
• 2023-11-01 Sold (Public Records) $70,000 Public Records
• 2023-10-19 Sold (MLS) $70,000 RAIRCMLS
• 2023-08-22 Pending — RAIRCMLS
• 2023-08-18 Listed $80,000 RAIRCMLS
• 2023-01-26 Price Changed $85,000 RAIRCMLS
• 2022-09-24 Price Changed $95,000 RAIRCMLS
• 2022-09-02 Price Changed $108,000 RAIRCMLS
• 2022-07-29 Listed $120,000 RAIRCMLS
• 1993-03-18 Sold (Public Records) $14,000 Public Records
• 1983-10-01 Sold (Public Records) $7,500 Public Records
• 1976-01-01 Sold (Public Records) $6,000 Public Records

Property tax history

+14.4%/yr

Latest (2025): $1,414 · +29.8% YoY. Source: county tax records.