1040 Jersey St · Port St. John, FL 32927

$204,000

3 bd · 2.0 ba · 952 sqft · SingleFamily public records · 153 Days on market

Built 1963 7,841 sqft lot

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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 +22.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.4/10.0
• Schools +4.7/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Don't just drive by, come on in! This 1963 classic concrete block Florida home with carport offers a 3-bedroom, 2-bath adorable home with a split floor plan. Major plumbing repipe was completed in 2024 and is now ready for the next owner it make it their own!

Key facts

• Split floor plan
• 7,841 sq ft lot
• Parking

Tags

• CONCRETE BLOCK FLORIDA HOME
• SPLIT FLOOR PLAN
• MAJOR PLUMBING REPIPE

Property features AI

Exterior

• Parking: Carport (1 space); Guest parking available
• Utilities: Public sewer; Electricity available; Natural gas available; Water available; Sewer available
• Home design: Single-family residence; One story; Faces south
• Construction: Block, brick and frame construction; Shingle roof
• Exterior features: Rear screened porch; Wood fencing; Cleared lot

Interior

• Kitchen: Electric cooktop; Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Terrazzo; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air; Additional cooling system
• Interior features: Split bedroom layout; Electric water heater; Pets allowed
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $204k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $204k).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Atlantis Elementary School (math 52% / reading 52%, grade C-, #990 of 2,144 statewide, top 48%, 617 students, 60% FRL); Space Coast Junior/Senior High School (math 45% / reading 44%, grade F, #237 of 667 statewide, top 36%, 1,534 students, 49% FRL).
• Market conditions: Rents rising (+2.5%/yr); 224 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $6k 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 153 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $204k implies a 308% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $179,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 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 1963 — 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. 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: 1.04% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.52%
• DSCR: 1.33
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.48% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-11,386
• Equity at exit: $30,417

10-year hold

• IRR: 3.7%
• Equity multiple: 1.26×
• Total profit: $14,860
• Equity at exit: $17,638

Cash invested: $57,120 (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 32927

• Home prices YoY: -19.4%
• Rents YoY: 2.5%
• Active inventory: 224
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,126 high
• Mortgage (P&I): −$1,070
• Tax from tax record: −$167 /mo · $2,002/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $358

Break-even live

Break-even rent $1,673

Max offer price $204,000

Occupancy floor 78%

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: $51,000
• Closing costs: $6,120
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7020 U.S. 1 Cocoa, FL	2.0	2.0	1002	$1,850	$1.85	14d	1	0.21mi
7030 N Highway 1 Unit DD104 Cocoa, FL	2.0	2.0	1002	$1,850	$1.85	23d	1	0.24mi
7200 US-1 Unit 203B Cocoa, FL	2.0	2.0	1002	$1,995	$1.99	21d	1	0.33mi
835 Kanawha St Cocoa, FL	2.0	1.0	720	$1,500	$2.08	23d	1	0.62mi
100 Canebreakers Dr Cocoa, FL	2.0–3.0	2.0–2.5	1362	$2,400	$1.76	23d	2	1.35mi

Listing history 21 events

1. 2026-06-18
   days on market $204,000 Active 153 DOM
2. 2026-06-17
   days on market $204,000 Active 152 DOM
3. 2026-06-16
   days on market $204,000 Active 151 DOM
4. 2026-06-15
   days on market $204,000 Active 150 DOM
5. 2026-06-14
   days on market $204,000 Active 148 DOM
6. 2026-06-10
   days on market $204,000 Active 145 DOM
7. 2026-06-08
   days on market $204,000 Active 143 DOM
8. 2026-06-07
   days on market $204,000 Active 142 DOM
9. 2026-06-05
   days on market $204,000 Active 139 DOM
10. 2026-06-03
    days on market $204,000 Active 138 DOM
11. 2026-06-02
    days on market $204,000 Active 137 DOM
12. 2026-06-01
    days on market $204,000 Active 136 DOM
13. 2026-05-31
    days on market $204,000 Active 135 DOM
14. 2026-05-31
    days on market $204,000 Active 134 DOM
15. 2026-05-20
    price $204,000
16. 2026-01-16
    listed $219,000 Active
17. 2025-05-15
    historical $1,700
18. 2025-03-22
    price $1,700
19. 2025-02-24
    listed $1,800
20. 1984-03-01
    soldstatus $50,000
21. 1980-02-28
    soldstatus $41,000

ⓘ 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: $2,002 · $167/mo
• Projected year-2 tax: $2,002 · $167/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $25,513
• − Mortgage interest: −$11,427
• − Property taxes: −$2,002
• − Insurance: −$1,020
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − Depreciation: −$5,935
• Taxable income: $1,047
• Est. tax owed @ 24.0%: −$251
• After-tax cash flow: $4,044/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 — Port St. John

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Port St. John, FL
• County: Brevard County · 602,871 people
• City population: 28,493
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 29,219
• Household income: $86,075
• Rent vs Own: 7.7% rent · 92.3% own
• Severe rent burden: 192.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 5% Black 5%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 3% French/Haitian/Cajun 1% German/W. Germanic 1%

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: ▼ -79.36%
• Current HPI: 330.5099
• Rent YoY: ▲ 2.48%
• 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

+397.6% since first listed

7 events — show timeline

• 2026-05-20 Price Changed $204,000 SCMLS
• 2026-01-16 Listed $219,000 SCMLS
• 2025-05-15 Rental Removed $1,700 SCMLS
• 2025-03-22 Price Changed $1,700 SCMLS
• 2025-02-24 Listed for Rent $1,800 SCMLS
• 1984-03-01 Sold (Public Records) $50,000 Public Records
• 1980-02-28 Sold (Public Records) $41,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $2,002 · +5.4% YoY. Source: county tax records.