4337 Twin Lakes Dr · Melbourne, FL 32934

$174,000

2 bd · 2.0 ba · 1,348 sqft · Manufactured public records · 107 Days on market

Built 1989 $115/mo HOA · 6% of rent

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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 +24.6/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +4.7/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOCATION! Don't miss this 2 bedroom 2 bathroom home located in a quaint 55+ community. This bright open floor plan has recently been updated with brand new windows, LVP Flooring, updated vanities and fixtures. This home features cathedral ceilings and a large bonus room that faces the lake view. Enjoy your morning coffee on your screened porch. Close to community pool, club house, beaches, shopping, restaurants and the art district.

Key facts

• Own your own land
• Lvp flooring
• Updated fixtures

Tags

• OWN YOUR OWN LAND
• LOW HOA
• NEW WINDOWS
• LVP FLOORING
• NEW VANITIES
• UPDATED FIXTURES

Property features AI

Finance

• Financial info: Pets allowed with restrictions (breed, number, size)
• HOA & community: Association: Space Coast Property Mng; Association fee $115 monthly (includes common areas); Community features: Clubhouse, Pool; Senior community; Dues paid monthly

Exterior

• Parking: Assigned carport; 1 carport space
• Utilities: Public water; Public sewer
• Home design: Manufactured home; 1 story
• Construction: Shingle roof
• Exterior features: Enclosed porch; Porch (screened); Sprinkler/irrigation; Shed(s); Community pool; Lake and pond waterfront; Has view; North-facing

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: Bedroom (12x14); Bedroom (12x13)
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; High ceilings; Vaulted ceilings; Walk-in closet(s); Double-hung windows; Unfurnished
• Laundry & utility: Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $174k.

Deal economics

• At list price, monthly cash flow is $361 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $158k (9.0% 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.
• Market conditions: Rents rising (+3.7%/yr); 102 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 107 days — a 9% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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.
• Current owner paid $90k; list at $174k implies a 93% 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 $158,340 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.19% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.89%
• DSCR: 1.40
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.72% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-3,609
• Equity at exit: $25,944

10-year hold

• IRR: 8.6%
• Equity multiple: 1.68×
• Total profit: $33,086
• Equity at exit: $15,044

Cash invested: $48,720 (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 32934

• Home prices YoY: -20.0%
• Rents YoY: 3.7%
• Active inventory: 102
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,074 medium
• Mortgage (P&I): −$912
• Tax from tax record: −$178 /mo · $2,133/yr
• Insurance: −$72
• HOA: −$115
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $361

Break-even live

Break-even rent $1,617

Max offer price $174,000

Occupancy floor 78%

Sensitivity live

Price	-10% $460	-5% $410	+0% $361	+5% $312	+10% $263
Rent	-10% $197	-5% $279	+0% $361	+5% $443	+10% $525
Rate	-1.0pp $449	-0.5pp $405	base $361	+0.5pp $316	+1.0pp $270

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: $43,500
• Closing costs: $5,220
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1758 Caleb Ln Melbourne, FL	3.0	2.0	1400	$2,350	$1.68	14d	1	1.11mi

HOA detail

• Monthly dues: $115 · $1,380/yr
• Likely covers: pool

Listing history 25 events

1. 2026-06-18
   days on market $174,000 Active 107 DOM
2. 2026-06-17
   days on market $174,000 Active 106 DOM
3. 2026-06-16
   days on market $174,000 Active 105 DOM
4. 2026-06-15
   days on market $174,000 Active 104 DOM
5. 2026-06-14
   days on market $174,000 Active 102 DOM
6. 2026-06-10
   days on market $174,000 Active 99 DOM
7. 2026-06-08
   days on market $174,000 Active 97 DOM
8. 2026-06-07
   days on market $174,000 Active 96 DOM
9. 2026-06-05
   days on market $174,000 Active 93 DOM
10. 2026-06-03
    days on market $174,000 Active 92 DOM
11. 2026-06-02
    days on market $174,000 Active 91 DOM
12. 2026-06-01
    days on market $174,000 Active 90 DOM
13. 2026-05-31
    days on market $174,000 Active 89 DOM
14. 2026-05-31
    days on market $174,000 Active 88 DOM
15. 2026-04-22
    price $169,500 437-char remark

    Show marketing remark (437 chars)

    LOCATION! Don't miss this 2 bedroom 2 bathroom home located in a quaint 55+ community. This bright open floor plan has recently been updated with brand new windows, LVP Flooring, updated vanities and fixtures. This home features cathedral ceilings and a large bonus room that faces the lake view. Enjoy your morning coffee on your screened porch. Close to community pool, club house, beaches, shopping, restaurants and the art district.

16. 2026-03-03
    listed $174,000 Active 437-char remark

    Show marketing remark (437 chars)

    LOCATION! Don't miss this 2 bedroom 2 bathroom home located in a quaint 55+ community. This bright open floor plan has recently been updated with brand new windows, LVP Flooring, updated vanities and fixtures. This home features cathedral ceilings and a large bonus room that faces the lake view. Enjoy your morning coffee on your screened porch. Close to community pool, club house, beaches, shopping, restaurants and the art district.

17. 2026-03-03
    listed $174,000 Active

    Show marketing remark (437 chars)

    LOCATION! Don't miss this 2 bedroom 2 bathroom home located in a quaint 55+ community. This bright open floor plan has recently been updated with brand new windows, LVP Flooring, updated vanities and fixtures. This home features cathedral ceilings and a large bonus room that faces the lake view. Enjoy your morning coffee on your screened porch. Close to community pool, club house, beaches, shopping, restaurants and the art district.

18. 2026-01-09
    soldstatus $90,000 Closed 776-char remark

    Show marketing remark (776 chars)

    Peaceful pond views and a quiet, well-kept 55+ community set the scene for this spacious 2 bedroom, 2 bath manufactured home in Twin Lakes. With an easy-flow layout and generous room sizes, there’s plenty of opportunity to re-imagine the interiors and tailor the home to your taste, creating the Florida retreat you’ve been envisioning. Residents enjoy a friendly neighborhood feel with a community pool, clubhouse and nicely maintained grounds, plus a convenient Melbourne location close to shopping and dining along Wickham Road, I-95, medical facilities, parks and the beaches of the Space Coast. With its serene pond front setting and strong potential, 4337 Twin Lakes Dr is ideal for someone looking to personalize a home in a charming, established community.

19. 2025-12-16
    status Pending 776-char remark

    Show marketing remark (776 chars)

    Peaceful pond views and a quiet, well-kept 55+ community set the scene for this spacious 2 bedroom, 2 bath manufactured home in Twin Lakes. With an easy-flow layout and generous room sizes, there’s plenty of opportunity to re-imagine the interiors and tailor the home to your taste, creating the Florida retreat you’ve been envisioning. Residents enjoy a friendly neighborhood feel with a community pool, clubhouse and nicely maintained grounds, plus a convenient Melbourne location close to shopping and dining along Wickham Road, I-95, medical facilities, parks and the beaches of the Space Coast. With its serene pond front setting and strong potential, 4337 Twin Lakes Dr is ideal for someone looking to personalize a home in a charming, established community.

20. 2025-11-19
    listed $90,000 Active 776-char remark

    Show marketing remark (776 chars)

    Peaceful pond views and a quiet, well-kept 55+ community set the scene for this spacious 2 bedroom, 2 bath manufactured home in Twin Lakes. With an easy-flow layout and generous room sizes, there’s plenty of opportunity to re-imagine the interiors and tailor the home to your taste, creating the Florida retreat you’ve been envisioning. Residents enjoy a friendly neighborhood feel with a community pool, clubhouse and nicely maintained grounds, plus a convenient Melbourne location close to shopping and dining along Wickham Road, I-95, medical facilities, parks and the beaches of the Space Coast. With its serene pond front setting and strong potential, 4337 Twin Lakes Dr is ideal for someone looking to personalize a home in a charming, established community.

21. 2016-08-16
    historical
22. 2016-08-16
    historical
23. 2007-05-15
    listed $84,900
24. 2005-10-21
    listed $119,900
25. 1996-02-01
    soldstatus $35,000

ⓘ 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: $2,133 · $178/mo
• Projected year-2 tax: $2,133 · $178/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $24,893
• − Mortgage interest: −$9,747
• − Property taxes: −$2,133
• − Insurance: −$870
• − Repairs & maintenance: −$1,991
• − Management: −$1,991
• − HOA: −$1,380
• − Depreciation: −$5,062
• Taxable income: $1,719
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $3,920/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 — Melbourne

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

Census & demographics

• County: Brevard County · 602,871 people
• City population: 178,420
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 18,564
• Household income: $104,369
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 233.0

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% Hispanic / Latino 8% Two or more races 7% Black 2% Asian 2%
• Hispanic origin (detail): Puerto Rican 3% Cuban 1%
• Common ancestry: Lithuanian 4% Italian 3% Romanian 3%
• Foreign-born: 8% · Canada, China
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 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: ▼ -78.68%
• Current HPI: 315.3069
• Rent YoY: ▲ 3.72%
• 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

+384.3% since first listed

11 events — show timeline

• 2026-04-22 Price Changed $169,500 SCMLS
• 2026-03-03 Listed $174,000 RAIRCMLS
• 2026-03-03 Listed $174,000 SCMLS
• 2026-01-09 Sold (MLS) $90,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-19 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2007-05-15 Listed $84,900 SCMLS
• 2005-10-21 Listed $119,900 SCMLS
• 1996-02-01 Sold (Public Records) $35,000 Public Records

Property tax history

+10.8%/yr

Latest (2025): $2,133 · +7.6% YoY. Source: county tax records.