773 NW Biscayne Dr · Port St. Lucie, FL 34983

$350,000

3 bd · 2.0 ba · 1,420 sqft · SingleFamily public records · 5 Days on market

Built 2008 10,000 sqft lot Est $366k · at est.

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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).

• Cash flow +13.6/30.0
• ARV discount +9.5/15.0
• DSCR +4.1/10.0
• Schools +3.7/10.0
• Rent growth +2.9/5.0
• 1% rule +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT LOCATION NEAR NEW HOMES, BETWEEN ST. LUCIE WEST SHOPPING AND ST. JAMES AREA.

Key facts

• Expansive backyard
• Large living areas
• 0.23 acre lot

Tags

• OVERSIZED SCREENED PORCH
• EXPANSIVE BACKYARD
• INVITING EAT-IN KITCHEN
• LARGE LIVING AREAS

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence; Zoning: RS-2 PSL; Living area reported as 1,420 sq ft (public records); Building area reported as 2,022 sq ft (public records)
• Financial info: No lease restrictions
• HOA & community: Street lights; Pets allowed (cats and dogs)

Exterior

• Parking: Driveway; Attached garage with automatic door opener; 2-car garage
• Security: Smoke detectors
• Utilities: Public sewer; Water available; Electricity available; Cable available; Additional water information: see remarks
• Home design: Single family residence; One story; Northwest facing; Completed condition; Homestead exempt
• Construction: Block and concrete construction; Shingle roof; Slab foundation; Built on lot of approximately 0.23 acres
• Exterior features: Covered patio; Patio; Porch; Screened porch; Side porch; Balcony; Hurricane shutters; Private mailbox; Sliding doors; Gentle sloping lot; Landscaped with trees; Asphalt road access

Interior

• Kitchen: Microwave; Range; Range hood; Refrigerator; Solid surface counters; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heat; Central air conditioning
• Interior features: Cathedral ceilings; Eat-in kitchen; High ceilings; Living room / dining room combo; Solid surface counters; Thermostat; Walk-in closets; Great Room
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry in garage; Electric water heater; Generator

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $19 ($230/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $267k (23.6% below list).
• Recommended offer: $267k (23.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.9% in Port St. Lucie — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: Manatee Academy K-8 (math 53% / reading 51%, grade C-, #990 of 2,144 statewide, top 48%, 1,664 students, 65% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL).
• Market conditions: Rents rising (+1.5%/yr); 359 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 43% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 25y ago 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.
• Current owner paid $17k; list at $350k implies a 1959% 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 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $267,466 (23.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.76% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.23%
• DSCR: 1.01
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $366,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 NW Dearman St	0.22mi	3/2.0	1,480 (+4%)	1mo	$359,000	$243	82
397 NW Biltmore St	0.11mi	3/2.0	1,244 (-12%)	4mo	$335,000	$269	71
549 NW Portofino Ln	0.45mi	2/2.0 (-1)	1,276 (-10%)	1mo	$249,000	$195	56
537 NW Biscayne Dr	0.45mi	3/2.0	1,607 (+13%)	2mo	$310,000	$193	56
533 NW Avon Ave	0.63mi	3/2.0	1,292 (-9%)	1mo	$240,000	$186	55
582 NW Cornell Ave	0.51mi	3/2.0	1,347 (-5%)	17mo	$355,000	$264	54
118 NW Carmelite St	0.51mi	3/2.0	1,290 (-9%)	10mo	$350,000	$271	53
333 NW Granadeer St	0.53mi	3/2.0	1,552 (+9%)	10mo	$400,000	$258	51
590 NW Cortina Ln	0.63mi	2/2.0 (-1)	1,524 (+7%)	12mo	$285,000	$187	44
187 NW Willow Grove Ave	0.46mi	2/2.0 (-1)	1,539 (+8%)	21mo	$429,000	$279	42
126 NW Carmelite St	0.50mi	3/2.0	1,236 (-13%)	21mo	$360,000	$291	38
865 NW Sorrento Ln	0.73mi	2/2.0 (-1)	1,585 (+12%)	18mo	$300,000	$189	26

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 · 1.53% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.39×
• Total profit: $-59,552
• Equity at exit: $52,186

10-year hold

• IRR: -12.2%
• Equity multiple: 0.32×
• Total profit: $-66,466
• Equity at exit: $30,262

Cash invested: $98,000 (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 34983

• Home prices YoY: -33.9%
• Rents YoY: 1.5%
• Active inventory: 359
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,675 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$113 /mo · $1,350/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$562
• Net cashflow: $19

Break-even live

Break-even rent $2,650

Max offer price $350,000

Occupancy floor 94%

Sensitivity live

Price	-10% $217	-5% $118	+0% $19	+5% $-80	+10% $-179
Rent	-10% $-192	-5% $-86	+0% $19	+5% $125	+10% $230
Rate	-1.0pp $195	-0.5pp $108	base $19	+0.5pp $-72	+1.0pp $-164

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
367 NW Aurora St Port Saint Lucie, FL	2.0	1.0	940	$2,050	$2.18	15d	1	0.23mi
574 NW Bayshore Blvd Port Saint Lucie, FL	4.0	2.0	1806	$2,850	$1.58	25d	1	0.32mi
185 NW Willow Grove Ave Port Saint Lucie, FL	2.0	2.0	1539	$2,600	$1.69	25d	1	0.47mi
134 NW Peach St Port Saint Lucie, FL	3.0	2.0	1862	$2,050	$1.10	15d	1	0.50mi
581 NW Cornell Ave Port Saint Lucie, FL	3.0	2.0	1035	$2,600	$2.51	25d	1	0.53mi
702 NW Orchid St Port Saint Lucie, FL	3.0	2.0	1499	$3,500	$2.33	25d	1	0.56mi
365 NW Hibiscus St Port Saint Lucie, FL	4.0	2.0	1714	$4,000	$2.33	25d	1	0.64mi
628 NW Venetto Ct Port Saint Lucie, FL	2.0	2.0	1819	$2,550	$1.40	15d	1	0.68mi
628 NW Venetto Ct Port Saint Lucie, FL	2.0	2.0	1819	$2,650	$1.46	25d	1	0.68mi
385 NW Broadview St Port Saint Lucie, FL	2.0	2.0	1500	$2,300	$1.53	25d	1	0.76mi
507 NW Billiar Ave Port St Lucie, FL	3.0	2.0	1249	$2,350	$1.88	22d	1	0.80mi
532 SW Buswell Ave Port Saint Lucie, FL	4.0	2.5	1629	$2,750	$1.69	25d	1	0.86mi
360 NW Shoreline Cir Port Saint Lucie, FL	2.0	2.0	1661	$3,200	$1.93	25d	1	0.95mi
325 NW Ferris Dr Port Saint Lucie, FL	2.0	2.0	1100	$1,900	$1.73	15d	1	0.99mi
351 SW Buswell Ave Port Saint Lucie, FL	2.0	2.0	1234	$2,200	$1.78	15d	1	1.01mi
632 SW Granadeer St Port Saint Lucie, FL	3.0	2.0	1618	$2,495	$1.54	15d	1	1.09mi
6956 NW Jorgensen Rd Port Saint Lucie, FL	3.0	2.0	1358	$2,500	$1.84	15d	1	1.15mi
271 SW Palm Dr #304 Port Saint Lucie, FL	2.0	2.0	1033	$2,000	$1.94	15d	1	1.30mi
421 NW Sunview Way Port Saint Lucie, FL	3.0	2.0	1719	$2,500	$1.45	25d	1	1.33mi
554 SW Lakehurst Dr Port Saint Lucie, FL	3.0	2.0	1054	$2,100	$1.99	15d	1	1.38mi
221 SW Palm Dr #108 Port Saint Lucie, FL	2.0	2.0	960	$2,000	$2.08	15d	1	1.39mi
456 SW Prado Ave Port Saint Lucie, FL	3.0	2.0	1376	$2,100	$1.53	15d	1	1.39mi
216 NE Mainsail St Port Saint Lucie, FL	3.0	2.0	1516	$2,550	$1.68	22d	1	1.40mi
430 NW Lismore Ln Port Saint Lucie, FL	2.0	2.0	1650	$2,000	$1.21	25d	1	1.45mi

Listing history 7 events

1. 2026-06-05
   status $350,000 Pending 5 DOM
2. 2026-06-03
   days on market $350,000 Active 5 DOM
3. 2026-06-02
   days on market $350,000 Active 4 DOM
4. 2026-06-01
   days on market $350,000 Active 3 DOM
5. 2026-05-31
   days on market $350,000 Active 2 DOM
6. 2026-05-30
   remarks 699-char remark
7. 2026-05-30
   listed $350,000 Active 1 DOM

ⓘ 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: $1,350 · $113/mo
• Projected year-2 tax: $2,905 · $242/mo
• Expected delta: +$1,555/yr (+$130/mo · 115.1%)

ⓘ 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 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,096
• − Mortgage interest: −$19,605
• − Property taxes: −$1,350
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,568
• − Management: −$2,568
• − Depreciation: −$10,182
• Taxable loss: −$5,927
• Est. tax savings @ 24.0%: +$1,423
• After-tax cash flow: $1,653/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: 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 — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Port St. Lucie, FL
• County: Saint Lucie County · 337,150 people
• City population: 221,051
• Metro: Port St. Lucie, FL
• Population (ZIP): 49,001
• Household income: $75,489
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 843.0

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 0.65)
• Race & ethnicity: White 51% Hispanic / Latino 23% Black 18% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 9% Cuban 3%
• Common ancestry: Hispanic 3% Romanian 2% Italian 1%
• Foreign-born: 19% · Canada, Guatemala, Jamaica
• Languages at home: 74% English-only · Spanish 15% French/Haitian/Cajun 4% Other Indo-European 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: ▼ -209.28%
• Current HPI: 407.6341
• Rent YoY: ▲ 1.53%
• 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

+6630.8% since first listed

19 events — show timeline

• 2026-05-29 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2014-10-06 Listing Removed — Beaches MLS
• 2014-06-02 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2008-09-27 Listed $129,990 Beaches MLS
• 2008-05-26 Listed $149,990 Beaches MLS
• 2008-03-24 Sold (Public Records) $17,000 Public Records
• 2007-10-04 Listed $36,000 Beaches MLS
• 2007-02-04 Listed $46,500 Beaches MLS
• 2004-07-23 Sold (Public Records) $42,000 Public Records
• 2003-09-20 Listed $48,000 Beaches MLS
• 2003-01-09 Sold (MLS) $11,000 Beaches MLS
• 2002-12-19 Listing Removed — Beaches MLS
• 2002-11-29 Listed $12,000 Beaches MLS
• 2002-06-14 Sold (MLS) $5,000 Beaches MLS
• 2002-06-03 Listing Removed — Beaches MLS
• 2001-01-25 Listed $5,200 Beaches MLS

Property tax history

+1.7%/yr

Latest (2025): $1,350 · +5.5% YoY. Source: county tax records.