1421 NE 14th Ct Unit Q-19 · Jensen Beach, FL 34957

$175,000

1 bd · 1.0 ba · 826 sqft · Condo public records · 56 Days on market

Built 1984 $600/mo HOA · 29% of rent

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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 +13.7/30.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Schools +4.5/10.0
• DSCR +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming first floor, light-filled 2 bedroom, 1.5 bathroom condo with comfortable indoor/outdoor living space. Featuring new kitchen cabinets, the interior feels open and airy, enhanced by abundant natural light. Inviting porch spaces— one screened overlooking Warner Creek, perfect for relaxing with your morning coffee or unwinding in the evening. Located in the desirable Dolphin Village community, featuring two pools, clubhouses, sauna, billiards, tennis/pickleball courts, and marina access with boat slips and storage. All-ages and pet-friendly with metal roofs (2021) and durable Hardi-Plank siding, AC 2025. Just minutes from beaches, shopping, and dining. Rent immediately—ideal for full-time living, a seasonal getaway, or an investment opportunity. Tour this one today!

Key facts

• Sauna
• Clubhouses
• Two pools

Tags

• INDOOR OUTDOOR LIVING SPACE
• INVITING PORCH SPACES
• DOLPHIN VILLAGE COMMUNITY
• TWO POOLS
• CLUBHOUSES
• SAUNA

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $12 ($145/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.4% 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.
• Zoned schools: Felix A Williams Elementary School (math 61% / reading 67%, grade B, #552 of 2,144 statewide, top 26%, 531 students, 40% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+1.0%/yr); 538 active listings in the ZIP; 19 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 35% 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 $1k of loan paydown is wiped out by about $5k 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 56 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago; this cycle's ask has dropped $25k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $175k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: major flood risk; 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 $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 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: 1.18% ✓
• Cap rate: 6.38%
• Cash-on-cash: 0.30%
• DSCR: 1.01
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.0% rent growth · sell at horizon

5-year hold

• IRR: -18.7%
• Equity multiple: 0.36×
• Total profit: $-31,388
• Equity at exit: $26,093

10-year hold

• IRR: -17.3%
• Equity multiple: 0.16×
• Total profit: $-41,290
• Equity at exit: $15,131

Cash invested: $49,000 (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 34957

• Rents YoY: 1.0%
• Active inventory: 538
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,072 high
• Mortgage (P&I): −$918
• Tax from tax record: −$34 /mo · $407/yr
• Insurance: −$73
• HOA: −$600
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $12

Break-even live

Break-even rent $2,056

Max offer price $175,000

Occupancy floor 94%

Sensitivity live

Price	-10% $111	-5% $62	+0% $12	+5% $-37	+10% $-87
Rent	-10% $-152	-5% $-70	+0% $12	+5% $94	+10% $176
Rate	-1.0pp $100	-0.5pp $57	base $12	+0.5pp $-33	+1.0pp $-79

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	25d	1	0.04mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	15d	1	0.05mi
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	25d	1	0.11mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	15d	1	0.16mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	25d	1	0.24mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	15d	1	0.55mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	25d	1	0.55mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	25d	1	0.56mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	25d	1	0.67mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$1,901	$2.00	15d	27	0.84mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	25d	1	1.04mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	25d	1	1.04mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	25d	1	1.12mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	25d	1	1.17mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	25d	1	1.17mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	15d	1	1.18mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	15d	1	1.36mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	25d	1	1.37mi
1398 NW Cavendish Ct Stuart, FL	2.0–3.0	2.5	1242	$2,393	$1.93	23d	11	1.38mi

HOA detail condo

• Monthly dues: $600 · $7,200/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-05-16
   status Pending 810-char remark

   Show marketing remark (810 chars)

   Welcome to this charming first floor, light-filled 2 bedroom, 1.5 bathroom condo with comfortable indoor/outdoor living space. Featuring new kitchen cabinets, the interior feels open and airy, enhanced by abundant natural light. Inviting porch spaces— one screened overlooking Warner Creek, perfect for relaxing with your morning coffee or unwinding in the evening. Located in the desirable Dolphin Village community, featuring two pools, clubhouses, sauna, billiards, tennis/pickleball courts, and marina access with boat slips and storage. All-ages and pet-friendly with metal roofs (2021) and durable Hardi-Plank siding, AC 2025. Just minutes from beaches, shopping, and dining. Rent immediately—ideal for full-time living, a seasonal getaway, or an investment opportunity. Tour this one today!

2. 2026-05-07
   price $175,000 810-char remark

   Show marketing remark (810 chars)

   Welcome to this charming first floor, light-filled 2 bedroom, 1.5 bathroom condo with comfortable indoor/outdoor living space. Featuring new kitchen cabinets, the interior feels open and airy, enhanced by abundant natural light. Inviting porch spaces— one screened overlooking Warner Creek, perfect for relaxing with your morning coffee or unwinding in the evening. Located in the desirable Dolphin Village community, featuring two pools, clubhouses, sauna, billiards, tennis/pickleball courts, and marina access with boat slips and storage. All-ages and pet-friendly with metal roofs (2021) and durable Hardi-Plank siding, AC 2025. Just minutes from beaches, shopping, and dining. Rent immediately—ideal for full-time living, a seasonal getaway, or an investment opportunity. Tour this one today!

3. 2026-04-16
   price $185,000 810-char remark

   Show marketing remark (810 chars)

   Welcome to this charming first floor, light-filled 2 bedroom, 1.5 bathroom condo with comfortable indoor/outdoor living space. Featuring new kitchen cabinets, the interior feels open and airy, enhanced by abundant natural light. Inviting porch spaces— one screened overlooking Warner Creek, perfect for relaxing with your morning coffee or unwinding in the evening. Located in the desirable Dolphin Village community, featuring two pools, clubhouses, sauna, billiards, tennis/pickleball courts, and marina access with boat slips and storage. All-ages and pet-friendly with metal roofs (2021) and durable Hardi-Plank siding, AC 2025. Just minutes from beaches, shopping, and dining. Rent immediately—ideal for full-time living, a seasonal getaway, or an investment opportunity. Tour this one today!

4. 2026-03-20
   listed $199,900 Active 810-char remark

   Show marketing remark (810 chars)

   Welcome to this charming first floor, light-filled 2 bedroom, 1.5 bathroom condo with comfortable indoor/outdoor living space. Featuring new kitchen cabinets, the interior feels open and airy, enhanced by abundant natural light. Inviting porch spaces— one screened overlooking Warner Creek, perfect for relaxing with your morning coffee or unwinding in the evening. Located in the desirable Dolphin Village community, featuring two pools, clubhouses, sauna, billiards, tennis/pickleball courts, and marina access with boat slips and storage. All-ages and pet-friendly with metal roofs (2021) and durable Hardi-Plank siding, AC 2025. Just minutes from beaches, shopping, and dining. Rent immediately—ideal for full-time living, a seasonal getaway, or an investment opportunity. Tour this one today!

5. 2016-06-26
   historical
6. 2008-03-11
   soldstatus $100,000
7. 2007-04-19
   historical
8. 2006-04-19
   listed $165,000
9. 2006-04-19
   listed $169,900
10. 2004-06-21
    soldstatus $127,000
11. 2004-05-03
    soldstatus $111,000
12. 2004-04-30
    soldstatus $111,000
13. 2004-04-30
    soldstatus $111,000
14. 2004-03-26
    historical
15. 2004-02-16
    listed $112,900
16. 2004-02-16
    listed $112,900
17. 1991-03-27
    soldstatus $47,000

ⓘ 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: $407 · $34/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$1,046/yr (+$87/mo · 257.2%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 56% 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,860
• − Mortgage interest: −$9,803
• − Property taxes: −$407
• − Insurance: −$875
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − HOA: −$7,200
• − Depreciation: −$5,091
• Taxable loss: −$2,493
• Est. tax savings @ 24.0%: +$598
• After-tax cash flow: $743/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 — 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

+272.3% since first listed

17 events — show timeline

• 2026-05-16 Pending — Beaches MLS
• 2026-05-07 Price Changed $175,000 Beaches MLS
• 2026-04-16 Price Changed $185,000 Beaches MLS
• 2026-03-20 Listed $199,900 Beaches MLS
• 2016-06-26 Listing Removed — MCRTC
• 2008-03-11 Sold (Public Records) $100,000 Public Records
• 2007-04-19 Listing Removed — MCRTC
• 2006-04-19 Listed $169,900 MCRTC
• 2006-04-19 Listed $165,000 MCRTC
• 2004-06-21 Sold (Public Records) $127,000 Public Records
• 2004-05-03 Sold (Public Records) $111,000 Public Records
• 2004-04-30 Sold (MLS) $111,000 Beaches MLS
• 2004-04-30 Sold (MLS) $111,000 MCRTC
• 2004-03-26 Listing Removed — Beaches MLS
• 2004-02-16 Listed $112,900 Beaches MLS
• 2004-02-16 Listed $112,900 MCRTC
• 1991-03-27 Sold (Public Records) $47,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $407 · -2.2% YoY. Source: county tax records.