15 Indigo Ln · Port St. Lucie, FL 34952

$37,500

2 bd · 1.5 ba · 1,000 sqft · Manufactured · 272 Days on market

Built 1975 Est $32k · 17% over ↓ 37% since listing

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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 +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.7/10.0
• Rent growth +3.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Brand NEW AC & roof was sealed/coated in 2022 in this charming 2 bedroom/1.5 bathroom on a cul-de-sac. Furnished home with a large Florida room perfect for a home office, 2nd living room, pet or plant room! Living room & guest bedroom flooring replaced. Most notable is this home is nestled in a peacefully quiet, yet active, 55+ community. You will be pleased w/ this prime location; close to the beach, mall, grocery stores, shopping, post office, banks, pharmacies, hospitals & more. Lot lease of only 842.53 includes security, cafe, Clubhouse w/ activities, lawn care, trash, free private golf course, bingo, heated pool, pickleball, tennis, workshop, shuffleboard, bocce, gym,

Key facts

• Clubhouse activities
• Florida room
• Heated pool

Tags

• FLORIDA ROOM
• HEATED POOL
• PRIVATE GOLF COURSE
• CLUBHOUSE ACTIVITIES

Property features AI

Finance

• Financial info: No investor or income/expense details provided
• HOA & community: Located in a senior community; Pets allowed

Exterior

• Parking: Attached carport; Carport with 1 covered space; 2 open parking spaces
• Security: Security patrol
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Mobile home (modular construction); Single-story; Faces northeast; Resale condition
• Construction: Modular construction
• Exterior features: Not waterfront; No waterfront features

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet; Laminate; Other
• Bathrooms: 1 full bathroom; 1 half bathroom (2 total bathrooms)
• Heating & cooling: Central electric heating; Central air conditioning (electric)
• Interior features: No special interior features listed; Furnished
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $38k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $38k).
• Recommended offer: $33k (12.0% below list) — sets the bar for market timing.
• Cap rate 47.9% 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.
• Market conditions: Rents rising (+1.9%/yr); 639 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 38% 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 $259 of loan paydown is wiped out by about $1k 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 $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 272 days — a 12% lower offer ($33k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $18k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $33,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 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 1975 — 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. 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?
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: 5.26% ✓
• Cap rate: 47.88%
• Cash-on-cash: 148.51%
• DSCR: 7.61
• GRM: 1.6

CMA / ARV

• ARV (on-the-fly): $32,000
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37 El Camino Real	0.12mi	2/2.0	984 (-2%)	1mo	$15,000	$15	89
46 Spanish Way	0.11mi	2/2.0	984 (-2%)	13mo	$15,000	$15	80
66 Spanish Way	0.19mi	2/2.0	984 (-2%)	14mo	$28,900	$29	75
23 Oro Grande Way	0.22mi	2/2.0	1,088 (+9%)	6mo	$45,000	$41	68
2999 Saltbush Ct	0.75mi	2/2.0	1,040 (+4%)	8mo	$176,000	$169	50
5 Espanola Ln	0.31mi	2/1.5	850 (-15%)	16mo	$33,000	$39	48
7 Reforma Ln	0.46mi	2/2.0	1,150 (+15%)	20mo	$37,000	$32	35

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: —
• Equity multiple: 8.10×
• Total profit: $74,598
• Equity at exit: $5,591

10-year hold

• IRR: —
• Equity multiple: 16.54×
• Total profit: $163,137
• Equity at exit: $3,242

Cash invested: $10,500 (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: 639
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,973 high
• Mortgage (P&I): −$197
• Tax est. 1.5%: −$47 /mo · $562/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $1,300

Break-even live

Break-even rent $328

Max offer price $37,500

Occupancy floor 29%

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: $9,375
• Closing costs: $1,125
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Bella Vista Way Port Saint Lucie, FL	1.0–2.0	1.0–2.0	995	$1,764	$1.77	14d	15	0.47mi
7700 Pine Lakes Blvd Port Saint Lucie, FL	1.0–3.0	1.0–2.0	1022	$1,878	$1.84	14d	16	1.19mi
71 W Caribbean Port St. Lucie, FL	2.0	2.0	1417	$1,700	$1.20	23d	1	1.21mi
1810 SE Pinewood Trl Port Saint Lucie, FL	1.0–2.0	1.0–2.0	1013	$2,055	$2.03	14d	7	1.27mi
3784 Sapodilla Ct Port Saint Lucie, FL	2.0	2.0	1121	$2,300	$2.05	23d	1	1.32mi
124 E Arbor Ave Port Saint Lucie, FL	3.0	1.0	964	$2,550	$2.65	14d	1	1.38mi
13 Lake Vista Trl #205 Port Saint Lucie, FL	1.0	1.5	800	$1,375	$1.72	23d	1	1.43mi
14 Lake Vista Trl #101 Port Saint Lucie, FL	2.0	2.0	1170	$2,200	$1.88	23d	1	1.44mi
1811 SE Walton Lakes Dr Port Saint Lucie, FL	2.0	1.0–2.0	1117	$1,926	$1.72	14d	6	1.45mi

Listing history 30 events

1. 2026-06-18
   days on market $37,500 Active 272 DOM
2. 2026-06-17
   days on market $37,500 Active 271 DOM
3. 2026-06-16
   days on market $37,500 Active 270 DOM
4. 2026-06-15
   days on market $37,500 Active 269 DOM
5. 2026-06-14
   days on market $37,500 Active 267 DOM
6. 2026-06-13
   pricedays on market $37,500 Active 266 DOM
7. 2026-06-10
   days on market $44,000 Active 264 DOM
8. 2026-06-09
   days on market $44,000 Active 263 DOM
9. 2026-06-08
   days on market $44,000 Active 262 DOM
10. 2026-06-07
    days on market $44,000 Active 261 DOM
11. 2026-06-05
    days on market $44,000 Active 258 DOM
12. 2026-06-03
    days on market $44,000 Active 257 DOM
13. 2026-06-02
    days on market $44,000 Active 256 DOM
14. 2026-06-01
    days on market $44,000 Active 255 DOM
15. 2026-05-31
    days on market $44,000 Active 254 DOM
16. 2026-05-30
    days on market $44,000 Active 253 DOM
17. 2026-01-30
    price $44,000
18. 2025-10-11
    price $50,000
19. 2025-09-19
    listed $55,000 Active
20. 2025-05-10
    historical
21. 2024-11-19
    price $65,000
22. 2024-09-17
    price $49,900
23. 2024-04-28
    price $65,000
24. 2024-04-24
    price $49,900
25. 2024-02-26
    price $54,900
26. 2024-02-09
    listed $59,900 Active
27. 2023-11-07
    historical
28. 2023-10-11
    status Active
29. 2023-09-01
    status Pending
30. 2023-08-13
    listed $69,900 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 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: $23,676
• − Mortgage interest: −$2,101
• − Property taxes: −$562
• − Insurance: −$188
• − Repairs & maintenance: −$1,894
• − Management: −$1,894
• − Depreciation: −$1,091
• Taxable income: $15,946
• Est. tax owed @ 24.0%: −$3,827
• After-tax cash flow: $11,767/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

• County: Saint Lucie County · 337,150 people
• City population: 221,051
• 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

-37.1% since first listed

14 events — show timeline

• 2026-01-30 Price Changed $44,000 Beaches MLS
• 2025-10-11 Price Changed $50,000 Beaches MLS
• 2025-09-19 Listed $55,000 Beaches MLS
• 2025-05-10 Listing Removed — Beaches MLS
• 2024-11-19 Price Changed $65,000 Beaches MLS
• 2024-09-17 Price Changed $49,900 Beaches MLS
• 2024-04-28 Price Changed $65,000 Beaches MLS
• 2024-04-24 Price Changed $49,900 Beaches MLS
• 2024-02-26 Price Changed $54,900 Beaches MLS
• 2024-02-09 Listed $59,900 Beaches MLS
• 2023-11-07 Listing Removed — Beaches MLS
• 2023-10-11 Relisted — Beaches MLS
• 2023-09-01 Pending — Beaches MLS
• 2023-08-13 Listed $69,900 Beaches MLS