3190 Dame Rd · Fort Pierce South, FL 34981

$65,000

2 bd · 1.0 ba · 992 sqft · SingleFamily · 10 Days on market

Built 1955 Poor condition 0.38 ac lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Property is a great investment opportunity, fixer upper that is a cash and as is deal. Amazing location!

Key facts

• 0.38 acre lot
• 2 parking spots
• Built 1955

Property features AI

Finance

• Other: Pets allowed with no restrictions
• Financial info: Not included (tax and parcel details omitted)
• HOA & community: No HOA information provided

Exterior

• Parking: Two parking spaces (no carport)
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; Property listed as resale; North-facing
• Construction: CBS construction; Shingle roof; Built area reported by owner
• Exterior features: Not waterfront

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Two bedrooms on the main level
• Flooring: Other flooring
• Bathrooms: One full bathroom
• Heating & cooling: Heating present (type not specified); Cooling present (type not specified)
• Interior features: No notable interior features listed
• Laundry & utility: No laundry or utility appliances listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $720 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).

Location & tenants

• Location reads 73/100 on livability (#322 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D, schools D-, amenities F.
• 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: 66 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

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 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 2.28% ✓
• Cap rate: 19.59%
• Cash-on-cash: 47.49%
• DSCR: 3.11
• GRM: 3.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 44.9%
• Equity multiple: 2.94×
• Total profit: $35,365
• Equity at exit: $9,692

10-year hold

• IRR: 50.8%
• Equity multiple: 5.94×
• Total profit: $89,959
• Equity at exit: $5,620

Cash invested: $18,200 (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 34981

• Home prices YoY: -9.7%
• Active inventory: 66
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,480 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $720

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 46%

Sensitivity live

Price	-10% $765	-5% $743	+0% $720	+5% $698	+10% $675
Rent	-10% $603	-5% $662	+0% $720	+5% $779	+10% $837
Rate	-1.0pp $753	-0.5pp $737	base $720	+0.5pp $703	+1.0pp $686

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1200 Treasure Cay Dr Fort Pierce, FL	1.0–2.0	1.0–2.0	995	$1,619	$1.63	14d	10	1.15mi
3171 Morning Dew Ln Fort Pierce, FL	2.0	1.0	1000	$1,700	$1.70	24d	1	1.31mi
100 Corner Dr Fort Pierce, FL	1.0–3.0	1.0–2.0	926	$1,079	$1.16	14d	32	1.31mi

Listing history 2 events

1. 2026-05-15
   status Pending
2. 2026-05-04
   listed $65,000 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 2/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,764
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,421
• − Management: −$1,421
• − Depreciation: −$1,891
• Taxable income: $8,090
• Est. tax owed @ 24.0%: −$1,942
• After-tax cash flow: $6,702/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 · 2 photos

Poor 20/100 Extensive rehab

This property is a fixer-upper with extensive repairs and maintenance needed, including landscaping, exterior and interior painting, and roof repair. Significant improvements in these areas would greatly increase its resale and rental value.

Repairs flagged

• Major landscaping — Overgrown vegetation and unkempt lawn
• Major exterior painting — No visible exterior paint in the satellite image
• Major roof — No visible roof in the satellite image
• Major interior painting — No visible interior walls or paint in the satellite image
• Major landscaping — Overgrown vegetation and unkempt lawn

Value-add opportunities

• Both landscaping and exterior painting — Improving curb appeal and exterior appearance
• Both interior painting — Refreshing interior appearance and increasing rental value
• Both roof repair — Ensuring structural integrity and preventing water damage

Renovation cost estimate screening

Repair item	Severity	Est. cost
landscaping · Overgrown vegetation and unkempt lawn	Major	$15,000–50,000
exterior painting · No visible exterior paint in the satellite image	Major	$15,000–50,000
roof · No visible roof in the satellite image	Major	$15,000–50,000
interior painting · No visible interior walls or paint in the satellite image	Major	$15,000–50,000
landscaping · Overgrown vegetation and unkempt lawn	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both landscaping and exterior painting — Improving curb appeal and exterior appearance ↑
• Both interior painting — Refreshing interior appearance and increasing rental value ↑
• Both roof repair — Ensuring structural integrity and preventing water damage ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Fort Pierce South

• Score: 73/100
• State rank: #322
• US rank: #5656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Pierce South, FL
• Population (ZIP): 6,167

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 0.62)
• Race & ethnicity: White 53% Black 24% Hispanic / Latino 21% Two or more races 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 8% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 7% Italian 4% Lithuanian 3%
• Foreign-born: 11% · Canada
• Languages at home: 78% English-only · French/Haitian/Cajun 9% Spanish 8% Other Indo-European 1%

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: ▼ -44.06%
• Current HPI: 408.6633
• Rent YoY: —
• Metro: —
• 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

2 events — show timeline

• 2026-05-15 Pending — Beaches MLS
• 2026-05-04 Listed $65,000 Beaches MLS