2644 SW Fairgreen Road
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Manatee Academy K-8
St. Lucie West Centennial High School
Oak Hammock K-8 School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This Port Saint Lucie property presents a challenging profile for a conservative investor. While the location benefits from Florida's population growth, the financial fundamentals are precarious. The calculated monthly cash flow of $6.58 is essentially zero, providing no margin for operational variances such as property management, minor repairs, or vacancy periods. In the context of Florida's volatile insurance market and rising property taxes, this asset is highly susceptible to becoming cash-flow negative immediately upon any expense realization. While the 4% appreciation and 6.08% gross yield are acceptable, the lack of a liquidity buffer makes this a speculative appreciation play rather than a stable income investment.
- • High-demand 4-bedroom, 3-bathroom layout attractive to long-term family tenants
- • Strong historical appreciation in the Port Saint Lucie submarket
- • Relatively modern square footage (2,073 sqft) reducing immediate obsolescence risk
- • Critically thin monthly cash flow of $6.58 offers no safety margin for repairs
- • Exposure to rising Florida homeowners insurance premiums and tax reassessments
- • Gross yield of 6.08% is insufficient to offset typical operating expense ratios in this region
- • High risk of negative carry if vacancy exceeds 1% annually
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-12 | Listed for sale | $499,000 | $241 |
| 2013-09-04 | Sold | $98,000 | $47 |
| 2013-05-24 | Listed for sale | $110,000 | $53 |
| 2002-11-27 | Sold | $11,900 | $6 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,043.36 | $194,116 |
| 2024 | $3,912.28 | $188,646 |
| 2023 | $3,824.4 | $183,152 |
| 2022 | $3,649.29 | $177,818 |
| 2021 | $3,571.49 | $172,639 |
| 2020 | $3,593.15 | $170,256 |
| 2019 | $3,593.15 | $166,429 |
| 2018 | $3,558.46 | $163,326 |
| 2017 | $3,385.02 | $192,000 |
| 2016 | $3,570.64 | $183,700 |
| 2015 | $3,524.5 | $139,700 |
| 2014 | $3,148.27 | $123,500 |
| 2013 | $0 | $102,819 |
| 2012 | $0 | $101,100 |
| 2011 | $0 | $103,900 |
| 2010 | $0 | $103,900 |
| 2009 | $0 | $118,600 |
| 2008 | $0 | $163,190 |
| 2007 | $0 | $158,437 |
| 2006 | $0 | $154,573 |
| 2005 | $0 | $150,071 |
| 2004 | $0 | $145,700 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $26,504/yr
On $114,770 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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