1810 Waterford Dr #6 · West Vero Corridor, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +14.8/15.0
- Cash flow +12.3/30.0
- 1% rule +9.1/10.0
- Schools +4.0/10.0
- Condition / age +3.8/5.0
- DSCR +3.7/10.0
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Appreciation +0.0/10.0
$167,000
1810 Waterford Dr #6 · West Vero Corridor, FL 32966
3 bd · 2.0 ba · 1,430 sqft · Condo
· 21 Days on market
Built 1997
$117/sqft
· 16% below area
Est $199k · 16% under
$740/mo HOA · 31% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Bright & cheerful 3BR/2BA condo with lake views! Cathedral, textured ceilings! Private, tiled, screened porch. Courtyard views from master suite. Eat-in kitchen plus dining room. Walk-in closets. Impact windows! AC 2019. Re-pipe 2024. Neutral Berber carpeting or tiled throughout. Furniture included, many IKEA! Community amenities include: heated pool, fitness center, tennis/pickleball courts, racquetball, more! Convenient to golf, restaurants & shopping; less than 8 miles to the beach!
Key facts
- $740 HOA
- Parking
- Community pool
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath condo listed at $167k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-30 ($-356/yr) — negative.
- To cash-flow at today's rent, offer at most $163k (2.6% below list).
- Meets the 1% rule at list price ($2k rent vs $167k).
- Recommended offer: $163k (2.6% below list) — sets the bar for cash-flow.
- Cap rate 6.1% vs local median 4.5% in West Vero Corridor — 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 74/100 on livability (#273 in FL, #4,421 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A; Watch: amenities F, health & safety D-.
- 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.
- Zoned schools: Dodgertown Elementary School (math 27% / reading 32%, grade F, #1,896 of 2,144 statewide, top 90%, 485 students, 78% FRL); Storm Grove Middle School (math 54% / reading 55%, grade B-, #183 of 571 statewide, top 34%, 1,020 students, 50% FRL); Vero Beach High School (math 28% / reading 43%, grade F, #367 of 667 statewide, top 57%, 2,847 students, 50% FRL).
- Market conditions: Rents flat; 666 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
- This rent runs 42% of the median local income ($67k/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.
- 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 21 days — a 2% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts; this cycle's ask has dropped $18k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: HOA is 31% of rent.
- 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
$162,712
(2.6% below list)
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- 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.
- 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.
- 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
- 1.41% ✓
- Cap rate
- 6.08%
- Cash-on-cash
- -0.76%
- DSCR
- 0.97
- GRM
- 5.9
CMA / ARV
- ARV (median comp)
- $199,133
- List price
- $167,000
- Delta
- -16.14%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 12 Plantation Dr #106 | 0.34mi | 2/2.0 (-1) | 1,188 (-17%) | 1mo | $188,000 | $158 | 53 |
| 8110 Westfield Cir | 1.48mi | 3/2.0 | 1,541 (+8%) | 1mo | $325,000 | $211 | 51 |
| 6009 Bella Rosa Ln | 1.35mi | 3/2.0 | 1,571 (+10%) | 1mo | $365,000 | $232 | 48 |
| 1849 Oak Grove Ct | 0.58mi | 3/2.0 | 1,704 (+19%) | 1mo | $345,000 | $202 | 47 |
| 7522 15th Ln | 0.88mi | 2/2.0 (-1) | 1,544 (+8%) | 1mo | $290,000 | $188 | 46 |
| 2557 Bella Vista Cir | 0.76mi | 3/2.0 | 1,604 (+12%) | 1mo | $325,000 | $203 | 44 |
| 5979 Bella Rosa Ln | 1.40mi | 2/2.0 (-1) | 1,571 (+10%) | 1mo | $368,000 | $234 | 43 |
| 21 Plantation Dr #205 | 0.57mi | 2/2.0 (-1) | 1,188 (-17%) | 1mo | $195,000 | $164 | 42 |
| 2511 Bella Vista Cir | 0.82mi | 3/2.0 | 1,624 (+14%) | 2mo | $376,000 | $232 | 41 |
| 7790 15th Ln | 1.13mi | 3/2.0 | 1,714 (+20%) | 0mo | $421,500 | $246 | 40 |
| 2016 80th Ave | 1.24mi | 3/2.0 | 1,182 (-17%) | 1mo | $310,000 | $262 | 39 |
| 7780 14th Ln | 1.17mi | 3/2.0 | 1,781 (+24%) | 2mo | $415,000 | $233 | 39 |
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 · 0.6% rent growth · sell at horizon
5-year hold
- IRR
- -21.8%
- Equity multiple
- 0.27×
- Total profit
- $-34,024
- Equity at exit
- $24,900
10-year hold
- IRR
- -29.4%
- Equity multiple
- -0.11×
- Total profit
- $-51,833
- Equity at exit
- $14,439
Cash invested: $46,760 (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.
Active competition Active MLS
- For sale now
- 2 active · 2 under contract
- Median asking
- $247,000 ($181/sqft)
- Median days on market
- 56 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -22.9% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 32966
- Home prices YoY
- -26.7%
- Rents YoY
- 0.6%
- Active inventory
- 666
- Price-to-rent
- 5.9×
Monthly cashflow live
↻
- Estimated rent
- $2,360 high interval (Pro) →
- Mortgage (P&I)
- −$876
- Tax est. 1.5%
- −$209 /mo · $2,505/yr
- Insurance
- −$70
- HOA
- −$740
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$496
- Net cashflow
- $-30
Break-even live
Break-even rent
$2,398
Max offer price
$162,712
Occupancy floor
96%
Sensitivity live
| Price | -10% $86 | -5% $28 | +0% $-30 | +5% $-87 | +10% $-145 |
|---|---|---|---|---|---|
| Rent | -10% $-216 | -5% $-123 | +0% $-30 | +5% $64 | +10% $157 |
| Rate | -1.0pp $54 | -0.5pp $13 | base $-30 | +0.5pp $-73 | +1.0pp $-117 |
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
- $41,750
- Closing costs
- $5,010
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1975 Westminster Cir #4 Vero Beach, FL | 4.0 | 3.0 | 1270 | $2,350 | $1.85 | 6d | 1 | 0.02mi |
| 1914 Westminster Cir Unit 13-4 Vero Beach, FL | 3.0 | 3.0 | 1270 | $1,950 | $1.54 | 6d | 1 | 0.02mi |
| 1930 Westminster Cir #2 Vero Beach, FL | 2.0 | 3.0 | 1430 | $1,800 | $1.26 | 116d | 1 | 0.02mi |
| 1924 Westminster Cir Unit 10-1 Vero Beach, FL | 3.0 | 2.0 | 1270 | $2,100 | $1.65 | 3d | 1 | 0.04mi |
| 1924 Westminster Cir #6 Vero Beach, FL | 2.0 | 3.0 | 1350 | $2,000 | $1.48 | 116d | 1 | 0.04mi |
| 1927 Aynsley Way Unit 33-2 Vero Beach, FL | 2.0 | 3.0 | 1050 | $2,000 | $1.90 | 6d | 1 | 0.07mi |
| 1827 Aynsley Way Unit 2-27 Vero Beach, FL | 2.0 | 2.0 | 1525 | $3,300 | $2.16 | 6d | 1 | 0.08mi |
| 1827 Aynsley Way Unit 2-27 Vero Beach, FL | 2.0 | 2.0 | 1500 | $3,300 | $2.20 | 116d | 1 | 0.08mi |
| 1950 Westminster Cir Apt 1 Vero Beach, FL | 2.0 | 2.0 | 1135 | $2,000 | $1.76 | 6d | 1 | 0.09mi |
| 4 Plantation Dr #101 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,750 | $1.47 | 6d | 1 | 0.28mi |
| 7300 20th St Lot 205 Vero Beach, FL | 3.0 | 2.0 | 1575 | $1,800 | $1.14 | 6d | 1 | 0.39mi |
| 42 Plantation Dr #103 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,900 | $1.60 | 116d | 1 | 0.43mi |
| 43 Plantation Dr Vero Beach, FL | 2.0 | 2.0 | 1188 | $3,250 | $2.74 | 6d | 1 | 0.45mi |
| 43 Plantation Dr #106 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,850 | $1.56 | 116d | 1 | 0.45mi |
| 7300 20th St #566 Vero Beach, FL | 3.0 | 2.0 | 1564 | $2,299 | $1.47 | 4d | 1 | 0.46mi |
| 41 Plantation Dr #206 Vero Beach, FL | 2.0 | 2.0 | 1001 | $1,975 | $1.97 | 6d | 1 | 0.49mi |
| 39 Plantation Dr #101 Vero Beach, FL | 2.0 | 2.0 | 1188 | $2,200 | $1.85 | 116d | 1 | 0.50mi |
| 24 Plantation Dr #201 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,750 | $1.47 | 116d | 1 | 0.51mi |
| 37 Plantation Dr #206 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,600 | $1.35 | 6d | 1 | 0.53mi |
| 20 Plantation Dr #101 Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,800 | $1.52 | 6d | 1 | 0.59mi |
| 28 Plantation Dr Vero Beach, FL | 2.0 | 2.0 | 1188 | $2,000 | $1.68 | 116d | 1 | 0.59mi |
| 29 Plantation Dr Vero Beach, FL | 2.0 | 2.0 | 1188 | $1,800 | $1.52 | 116d | 1 | 0.68mi |
| 30 Plantation Dr #101 Vero Beach, FL | 2.0 | 2.0 | 1188 | $2,000 | $1.68 | 116d | 1 | 0.69mi |
| 3103 Anthem Way Vero Beach, FL | 3.0 | 2.0 | 1529 | $2,350 | $1.54 | 6d | 1 | 0.73mi |
| 2557 Bella Vista Cir Vero Beach, FL | 3.0 | 2.0 | 1604 | $2,500 | $1.56 | 6d | 1 | 0.78mi |
| 6640 Liberty Pl Vero Beach, FL | 3.0 | 2.5 | 1864 | $2,400 | $1.29 | 6d | 1 | 0.79mi |
| 7580 Heron Cir Vero Beach, FL | 1.0–3.0 | 1.0–2.0 | 1003 | $2,517 | $2.51 | 0d | 25 | 0.80mi |
| 2590 Bella Vista Cir Vero Beach, FL | 3.0 | 2.0 | 1624 | $2,550 | $1.57 | 116d | 1 | 0.85mi |
| 1551 Par Ct Vero Beach, FL | 3.0 | 3.0 | 1750 | $2,600 | $1.49 | 6d | 1 | 0.86mi |
| 7536 15th St Vero Beach, FL | 2.0 | 2.0 | 1731 | $2,600 | $1.50 | 6d | 1 | 0.92mi |
| 1937 Tamara Trl Unit 2C Vero Beach, FL | 2.0 | 2.0 | 1450 | $1,800 | $1.24 | 4d | 1 | 0.93mi |
| 7578 15th Ln Vero Beach, FL | 2.0 | 2.0 | 1600 | $2,500 | $1.56 | 6d | 1 | 0.95mi |
| 2050 Griffon Rd Vero Beach, FL | 1.0–3.0 | 1.0–2.5 | 1231 | $3,324 | $2.70 | 0d | 21 | 0.97mi |
| 1905 77th Dr Vero Beach, FL | 2.0 | 2.5 | 1500 | $2,200 | $1.47 | 6d | 1 | 0.99mi |
| 6510 Oxford Cir #101 Vero Beach, FL | 3.0 | 2.0 | 1746 | $2,200 | $1.26 | 116d | 1 | 1.02mi |
| 1927 Sixty Oaks Ln Vero Beach, FL | 2.0 | 2.0 | 971 | $1,895 | $1.95 | 6d | 1 | 1.07mi |
| 7725 15th Ln Vero Beach, FL | 3.0 | 2.0 | 1863 | $2,300 | $1.23 | 0d | 1 | 1.08mi |
| 1855 78th Ct Vero Beach, FL | 2.0 | 1.0 | 896 | $1,500 | $1.67 | 6d | 1 | 1.09mi |
| 1868 Sixty Oaks Ln Vero Beach, FL | 2.0 | 2.0 | 971 | $2,450 | $2.52 | 116d | 1 | 1.11mi |
| 1636 Pointe West Way Vero Beach, FL | 3.0 | 2.5 | 1594 | $2,000 | $1.25 | 6d | 1 | 1.11mi |
Property features AI
Finance
- Other
- Resale propertyDirections: Rt 60 west past 66th Ave to left on Waterford Dr, third left to #1810 on right
- HOA & community
- Homeowners association with monthly feeAssociation amenities include clubhouse, fitness center, billiard room, pool (heated), tennis courts, pickleball courts, community room, recreation facilities, parking, sidewalks, street lights, and maintenanceAssociation fee covers insurance, grounds maintenance, trash, common areas, common real estate tax, roof repairs, recreation facilities, and pool serviceAssociation fee: $520 monthlyCommunity contains 215 unitsPets not allowed
Exterior
- Parking
- Assigned parking1 total parking space5 open parking spaces in community
- Security
- Gated community (no guard)
- Utilities
- Public waterPublic sewerCable availableWater and sewer available
- Home design
- CondominiumMulti/split levels2 total storiesEntry level: 2North-facing
- Construction
- Frame construction with vinyl sidingComposition/shingle roofBuilding area reported as 1,430 (source: other)
- Exterior features
- Screened porchOpen porchMany treesZero lot lineSidewalksPaved road frontagePrivate road frontage (west of US-1)Waterfront: yes (no specific waterfront features listed)
Interior
- Kitchen
- Electric rangeDishwasherMicrowaveRefrigeratorGarbage disposalElectric water heater
- Bedrooms
- 3 bedrooms on the main level
- Flooring
- CarpetCeramic tile
- Bathrooms
- 2 full bathrooms on the main level
- Heating & cooling
- Central heating (electric)Central air conditioningCeiling fansPaddle fans150 amp electric service with circuit breakers
- Interior features
- Cathedral ceilingsVaulted ceilingsEntrance foyerWalk-in closetsWindow treatments: blinds and drapesSingle-hung metal windowsFurnished
- Laundry & utility
- Laundry inside in a laundry closet
HOA detail $740/mo · $8,880/yr condo
- Likely covers
- poolgym
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $167,000 Active 21 DOM
-
2026-09-22days on market $167,000 Active 20 DOM
-
2026-09-20days on market $167,000 Active 18 DOM
-
2026-09-18days on market $167,000 Active 16 DOM
-
2026-09-17days on market $167,000 Active 15 DOM
-
2026-09-16days on market $167,000 Active 14 DOM
-
2026-09-15days on market $167,000 Active 13 DOM
-
2026-09-14days on market $167,000 Active 12 DOM
-
2026-09-13days on market $167,000 Active 11 DOM
-
2026-09-12days on market $167,000 Active 10 DOM
-
2026-09-11days on market $167,000 Active 9 DOM
-
2026-09-05days on market $167,000 Active 3 DOM
-
2026-09-04days on market $167,000 Active 2 DOM
-
2026-09-03pricedays on market $167,000 Active 1 DOM
-
2026-08-30days on market $175,000 Active 212 DOM
-
2026-08-29days on market $175,000 Active 211 DOM
-
2026-08-28days on market $175,000 Active 210 DOM
-
2026-08-27days on market $175,000 Active 209 DOM
-
2026-08-26days on market $175,000 Active 208 DOM
-
2026-08-25days on market $175,000 Active 207 DOM
-
2026-08-24days on market $175,000 Active 206 DOM
-
2026-08-23days on market $175,000 Active 205 DOM
-
2026-08-22days on market $175,000 Active 204 DOM
-
2026-08-21days on market $175,000 Active 203 DOM
-
2026-08-20days on market $175,000 Active 202 DOM
-
2026-08-19days on market $175,000 Active 201 DOM
-
2026-08-18days on market $175,000 Active 200 DOM
-
2026-08-17days on market $175,000 Active 199 DOM
-
2026-08-16days on market $175,000 Active 198 DOM
-
2026-08-15days on market $175,000 Active 197 DOM
-
2026-08-14days on market $175,000 Active 196 DOM
-
2026-08-13days on market $175,000 Active 195 DOM
-
2026-08-12days on market $175,000 Active 194 DOM
-
2026-08-11days on market $175,000 Active 193 DOM
-
2026-08-10days on market $175,000 Active 192 DOM
-
2026-08-09days on market $175,000 Active 191 DOM
-
2026-08-08days on market $175,000 Active 190 DOM
-
2026-08-07days on market $175,000 Active 189 DOM
-
2026-08-06days on market $175,000 Active 188 DOM
-
2026-08-05days on market $175,000 Active 187 DOM
-
2026-08-04days on market $175,000 Active 186 DOM
-
2026-08-03days on market $175,000 Active 185 DOM
-
2026-07-31days on market $175,000 Active 182 DOM
-
2026-07-29days on market $175,000 Active 180 DOM
-
2026-07-27days on market $175,000 Active 178 DOM
-
2026-07-25days on market $175,000 Active 176 DOM
-
2026-07-23days on market $175,000 Active 174 DOM
-
2026-07-22days on market $175,000 Active 173 DOM
-
2026-07-21pricedays on market $175,000 Active 172 DOM
-
2026-07-19days on market $185,000 Active 169 DOM
ⓘ 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 7 d/yr ≥106°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $28,321
- − Mortgage interest
- −$9,355
- − Property taxes
- −$2,505
- − Insurance
- −$835
- − Repairs & maintenance
- −$2,266
- − Management
- −$2,266
- − HOA
- −$8,880
- − Depreciation
- −$4,858
- Taxable loss
- −$2,643
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$634
- After-tax cash flow
- $279/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 · 13 photos
75/100
Cosmetic rehab
Est. rehab $7,150–$21,450 screening
This well-maintained, good-condition townhouse is ready for a fresh coat of paint and new ceiling fans to enhance its curb appeal and interior aesthetics.
Repairs flagged
- Minor Ceiling fans — Ceiling fans are present but may need cleaning
- Minor Light fixtures — Light fixtures may need cleaning or replacement
Value-add opportunities
- Both Paint interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
- Both Replace ceiling fans — New ceiling fans can improve air circulation and aesthetics ↑
- Both Replace light fixtures — New light fixtures can improve lighting and aesthetics ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
F
Composite school gradezoned avg 40/100
Zoned Schools
Elementary
Dodgertown Elementary School
F
FL #1,896/2,144
Nat'l #26,716/41,679
Middle
Storm Grove Middle School
B-
FL #183/571
Nat'l #2,564/14,009
High
Vero Beach High School
F
FL #367/667
Nat'l #9,497/17,239
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
B
Composite livability gradescore 74/100
Livability — West Vero Corridor
- Score
- 74/100
- State rank
- #273
- US rank
- #4421
Category grades
Amenities F
Commute A
Cost of living A+
Crime C+
Employment C
Housing A+
Health & safety D-
User ratings A+
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- West Vero Corridor, FL
- County
- Indian River County · 165,104 people
- Metro
- Sebastian-Vero Beach, FL
- Population (ZIP)
- 20,686
- Household income
- $66,771
- Rent vs Own
- Severe rent burden
- 15% of renters
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
- Predominantly White (83%)
- Race & ethnicity
- White 83% Hispanic / Latino 9% Two or more races 7% Black 5%
- Hispanic origin (detail)
- Puerto Rican 4% Cuban 1%
- Common ancestry
- Romanian 5% Lithuanian 3% Slovak 2%
- Foreign-born
- 8% · Canada, Jamaica
- Languages at home
- 90% English-only · Spanish 7% Russian/Polish/Slavic 1% French/Haitian/Cajun 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
- ▼ -102.01%
- Current HPI
- 280.669
- Rent YoY
- ▲ 0.60%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+0.0% since first listed6 events — show timeline
- 2026-01-30 Listed $185,000 RAIRCMLS
- 2026-01-30 Listed $185,000 SCMLS
- 2026-01-30 Listed $185,000 Beaches MLS
- 2026-01-25 Coming Soon $185,000 Beaches MLS
- 2026-01-25 Coming Soon $185,000 SCMLS
- 2026-01-25 Coming Soon $185,000 RAIRCMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…