412 Clarence Rowe Ave · Rockledge, FL 32955

$179,900

3 bd · 1.0 ba · 960 sqft · SingleFamily · 19 Days on market

Built 1958 6,534 sqft lot

---

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).

• Cash flow +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated home is ready for you! Featuring an open floor plan with new kitchen cabinets. New stove, refrigerator and dishwasher. Nice size living area and three beds with great closet space. Vinyl laminate through out. Updates include new waste lines, updated plumbing, updated electrical, new AC system, new hot water heater.

Key facts

• Newer ac
• Open floor plan
• Recently renovated

Tags

• RECENTLY RENOVATED
• OPEN FLOOR PLAN
• GENEROUSLY SIZED KITCHEN
• ABUNDANT CABINET STORAGE
• VINYL LAMINATE PLANK FLOORING
• NEWER AC

Property features AI

Finance

• Other: Unfurnished; Living area approximately 960; Lot size approximately 0.15 acres; Current use: Residential, Single Family

Exterior

• Parking: Other parking
• Security: Security lights
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Single-family residence; One story; Entry level: 1; Faces south
• Construction: Block construction; Shingle roof
• Exterior features: City street frontage; Asphalt road surface; Other lot features

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Eat-in kitchen; Security lights
• Laundry & utility: Laundry in carport

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $375 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#81 in FL, #1,315 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A, commute A-; Watch: amenities F.
• Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hans Christian Andersen Elementary School (math 43% / reading 49%, grade D-, #1,234 of 2,144 statewide, top 58%, 567 students, 56% FRL); John F. Kennedy Middle School (math 67% / reading 59%, grade B+, #111 of 571 statewide, top 20%, 673 students, 41% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL).
• Market conditions: Rents flat; 321 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

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.
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $177,201 (1.5% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.94%
• DSCR: 1.40
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.79×
• Total profit: $-10,666
• Equity at exit: $26,824

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $508
• Equity at exit: $15,554

Cash invested: $50,372 (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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 321
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,908 high
• Mortgage (P&I): −$943
• Tax from tax record: −$114 /mo · $1,363/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $375

Break-even live

Break-even rent $1,433

Max offer price $179,900

Occupancy floor 75%

Sensitivity live

Price	-10% $477	-5% $426	+0% $375	+5% $324	+10% $273
Rent	-10% $225	-5% $300	+0% $375	+5% $451	+10% $526
Rate	-1.0pp $466	-0.5pp $421	base $375	+0.5pp $329	+1.0pp $281

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	25d	1	0.02mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$2,115	$2.09	16d	23	0.26mi
1720 Murrell Rd #217 Rockledge, FL	2.0	2.0	928	$1,550	$1.67	25d	1	0.29mi
823 Angela Ave Unit A Rockledge, FL	2.0	2.0	1117	$1,750	$1.57	16d	1	0.42mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,725	$3.67	16d	4	0.42mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,762	$3.75	25d	3	0.42mi
1913 Woodhaven Cir Rockledge, FL	2.0	2.0	930	$1,597	$1.72	15d	3	0.55mi
39 E Azalea Cir Rockledge, FL	3.0	2.0	1096	$2,100	$1.92	25d	1	0.84mi
39 E Azalea Cir Unit 1 Rockledge, FL	3.0	2.0	1096	$2,200	$2.01	25d	1	0.84mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	25d	1	0.90mi
1525 S Fiske Blvd Rockledge, FL	1.0–2.0	1.0	890	$1,500	$1.69	25d	1	0.99mi
130 Bouganvillea Dr Unit 15 Rockledge, FL	2.0	1.0	650	$1,495	$2.30	25d	1	1.15mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,467	$2.42	16d	33	1.43mi
3140 Southgate Dr Rockledge, FL	2.0–3.0	2.0	1092	$1,680	$1.54	16d	6	1.46mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	25d	1	1.50mi

Listing history 14 events

1. 2026-06-22
   statusdays on market $179,900 Active Under Contract 19 DOM
2. 2026-06-18
   days on market $179,900 Active 16 DOM
3. 2026-06-17
   status $179,900 Active 15 DOM
4. 2026-06-17
   days on market $179,900 Active Under Contract 15 DOM
5. 2026-06-16
   days on market $179,900 Active Under Contract 14 DOM
6. 2026-06-15
   days on market $179,900 Active Under Contract 13 DOM
7. 2026-06-14
   days on market $179,900 Active Under Contract 11 DOM
8. 2026-06-10
   days on market $179,900 Active Under Contract 8 DOM
9. 2026-06-09
   status $179,900 Active Under Contract 6 DOM
10. 2026-06-08
    days on market $179,900 Active 6 DOM
11. 2026-06-07
    days on market $179,900 Active 5 DOM
12. 2026-06-05
    days on market $179,900 Active 2 DOM
13. 2026-06-03
    remarks 655-char remark
14. 2026-06-03
    listed $179,900 Active 1 DOM

ⓘ 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: $1,363 · $114/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$130/yr (+$11/mo · 9.6%)

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

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

Taxation est. · year 1

• Rental income: $22,894
• − Mortgage interest: −$10,077
• − Property taxes: −$1,363
• − Insurance: −$900
• − Repairs & maintenance: −$1,831
• − Management: −$1,831
• − Depreciation: −$5,233
• Taxable income: $1,658
• Est. tax owed @ 24.0%: −$398
• After-tax cash flow: $4,105/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: Brevard
• NCES district ID: 1200150
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $49,426
• Composite: 46.86/100
• National rank: #2370
• State rank: #19 of 73 in FL

Livability — Rockledge

• Score: 81/100
• State rank: #81
• US rank: #1315

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockledge, FL
• County: Brevard County · 602,871 people
• City population: 46,372
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

Population outlook (Brevard County) Hauer SSP2

• Today (2025): 623,254 people
• By 2030: 648,420 · +4.0%
• By 2040: 690,009 · +10.7%
• By 2050: 715,669 · +14.8%
• By 2075: 775,744 · +24.5%
• By 2100: 776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2%

Political lean MEDSL · Brevard

• 2024 margin: Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• Metro: Palm Bay-Melbourne-Titusville, 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

+0.0% since first listed

16 events — show timeline

• 2026-06-02 Listed $179,900 SCMLS
• 2026-04-22 Listed for Rent $1,600 SCMLS
• 2026-04-22 Rental Removed $1,600 RENTEC
• 2026-04-12 Listed for Rent $1,600 RENTEC
• 2026-02-13 Rental Removed $1,600 SCMLS
• 2025-06-18 Price Changed $1,600 SCMLS
• 2025-04-15 Price Changed $1,700 SCMLS
• 2025-02-13 Listed for Rent $1,795 SCMLS
• 2021-12-06 Sold (MLS) $162,000 SCMLS
• 2021-10-07 Contingent — SCMLS
• 2021-10-06 Price Changed $154,900 SCMLS
• 2021-09-25 Relisted — SCMLS
• 2021-09-23 Contingent — SCMLS
• 2021-09-22 Price Changed $159,900 SCMLS
• 2021-09-09 Price Changed $169,900 SCMLS
• 2021-08-28 Listed $179,900 SCMLS

Property tax history

+17.4%/yr

Latest (2022): $1,363 · +72.9% YoY. Source: county tax records.