1006 1st Ave · Titusville, FL 32780

$184,999

2 bd · 2.0 ba · 870 sqft · SingleFamily public records · 368 Days on market

Built 1926 5,227 sqft lot

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Why this score? — see what drove the D 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 +12.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +3.7/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SOLID INVESTMENT PROPERTY! Recently remodeled, 3 bedroom, 2 bath home near downtown Titusville. This home was built prior to 1926 and some components reflect that charm. An open porch with bead-board ceiling opens into the newly carpeted living area with windows on the east and north sides. The property includes a covered carport and a spacious completely fenced back yard suitable for a shed or workshop. This is a super affordable home or a great investment property, which has provided consistent rental income for several years. New water heater, newer roof and windows, flooring and more. Repainted inside and out.

Key facts

• Carport
• Extra storage room
• 5,227 sq ft lot

Tags

• CARPORT
• EXTRA STORAGE ROOM
• FULLY FENCED BACKYARD

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Electricity connected; Sewer connected
• Home design: Single family residence; Faces east
• Construction: Frame construction; Shingle roof
• Exterior features: Back yard fencing; Chain link fence; Many trees on lot; City street frontage; Concrete road surface

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Electric water heater; Microwave; Refrigerator
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-27 ($-320/yr) — negative.
• To cash-flow at today's rent, offer at most $180k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (26.3% below list).
• Recommended offer: $136k (26.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 84/100 on livability (#42 in FL, #668 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D, employment D.
• 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: Apollo Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 730 students, 68% FRL); Andrew Jackson Middle School (math 52% / reading 47%, grade C, #259 of 571 statewide, top 46%, 551 students, 58% FRL); Titusville High School (math 33% / reading 52%, grade F, #264 of 667 statewide, top 41%, 1,314 students, 55% FRL) — zoned schools average 60% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 368 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 17y 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 $71k; list at $185k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,406 (26.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 368 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.62%
• DSCR: 0.97
• GRM: 11.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -19.0%
• Equity multiple: 0.34×
• Total profit: $-34,069
• Equity at exit: $27,584

10-year hold

• IRR: -15.1%
• Equity multiple: 0.20×
• Total profit: $-41,354
• Equity at exit: $15,995

Cash invested: $51,800 (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 32780

• Rents YoY: 1.3%
• Active inventory: 462
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,364 high
• Mortgage (P&I): −$970
• Tax from tax record: −$57 /mo · $684/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $-27

Break-even live

Break-even rent $1,398

Max offer price $180,291

Occupancy floor 97%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1111 Kennedy Ct Titusville, FL	2.0	1.0	550	$1,275	$2.32	23d	1	0.32mi
915 S Park Ave Titusville, FL	2.0	1.0	780	$1,150	$1.47	23d	1	0.38mi
1023 S Park Ave Titusville, FL	2.0–3.0	2.0	1002	$1,210	$1.21	14d	1	0.40mi
933 Gibson St Titusville, FL	3.0	1.0	816	$1,275	$1.56	14d	1	0.49mi
1516 Roger Dr Unit 2 Titusville, FL	1.0	1.0	550	$1,600	$2.91	23d	1	0.59mi
1590 S Deleon Ave Titusville, FL	3.0	1.0	1072	$1,600	$1.49	23d	1	0.64mi
1588 South St Titusville, FL	2.0	1.0	860	$1,000	$1.16	23d	1	0.66mi
1540 Riverside Dr #402 Titusville, FL	2.0	2.0	1120	$1,800	$1.61	23d	1	0.71mi
537 Rockpit Rd Titusville, FL	2.0	1.0	768	$1,050	$1.37	23d	1	0.75mi
1800 South St Titusville, FL	1.0	1.0	657	$900	$1.37	23d	1	0.76mi
1710 S Washington Ave Unit 1 Titusville, FL	2.0	1.0	710	$1,250	$1.76	23d	1	0.80mi
1710 S Washington Ave #16 Titusville, FL	2.0	1.0	710	$1,100	$1.55	23d	1	0.80mi
500 Rockpit Rd Titusville, FL	2.0	1.0	700	$1,050	$1.50	23d	1	0.81mi
230 N Robbins Ave Titusville, FL	2.0	1.0	880	$1,100	$1.25	23d	1	0.96mi
2465 S Washington Ave Unit A202 Titusville, FL	2.0	2.0	830	$1,900	$2.29	14d	1	1.43mi
2465 S Washington Ave #108 Titusville, FL	2.0	2.0	830	$1,800	$2.17	23d	1	1.43mi
2467 S Washington Ave Unit 210 B Titusville, FL	2.0	2.0	830	$1,800	$2.17	23d	1	1.47mi
1735 Harrison St #231 Titusville, FL	2.0	2.0	915	$1,700	$1.86	19d	1	1.49mi

Listing history 29 events

1. 2026-06-18
   days on market $184,999 Active 368 DOM
2. 2026-06-17
   days on market $184,999 Active 367 DOM
3. 2026-06-16
   days on market $184,999 Active 366 DOM
4. 2026-06-15
   days on market $184,999 Active 365 DOM
5. 2026-06-14
   days on market $184,999 Active 363 DOM
6. 2026-06-10
   days on market $184,999 Active 360 DOM
7. 2026-06-08
   days on market $184,999 Active 358 DOM
8. 2026-06-07
   days on market $184,999 Active 357 DOM
9. 2026-06-05
   days on market $184,999 Active 354 DOM
10. 2026-06-03
    days on market $184,999 Active 353 DOM
11. 2026-06-02
    days on market $184,999 Active 352 DOM
12. 2026-06-01
    days on market $184,999 Active 351 DOM
13. 2026-05-31
    days on market $184,999 Active 350 DOM
14. 2026-05-31
    days on market $184,999 Active 349 DOM
15. 2026-03-06
    status Active
16. 2026-03-06
    price $184,999
17. 2026-02-28
    historical
18. 2025-12-02
    status Active
19. 2025-11-30
    historical
20. 2025-06-05
    listed $189,999 Active
21. 2018-11-08
    soldstatus $71,000
22. 2018-11-07
    soldstatus $71,000 621-char remark

    Show marketing remark (621 chars)

    SOLID INVESTMENT PROPERTY! Recently remodeled, 3 bedroom, 2 bath home near downtown Titusville. This home was built prior to 1926 and some components reflect that charm. An open porch with bead-board ceiling opens into the newly carpeted living area with windows on the east and north sides. The property includes a covered carport and a spacious completely fenced back yard suitable for a shed or workshop. This is a super affordable home or a great investment property, which has provided consistent rental income for several years. New water heater, newer roof and windows, flooring and more. Repainted inside and out.

23. 2018-02-12
    listed $69,900 621-char remark

    Show marketing remark (621 chars)

    SOLID INVESTMENT PROPERTY! Recently remodeled, 3 bedroom, 2 bath home near downtown Titusville. This home was built prior to 1926 and some components reflect that charm. An open porch with bead-board ceiling opens into the newly carpeted living area with windows on the east and north sides. The property includes a covered carport and a spacious completely fenced back yard suitable for a shed or workshop. This is a super affordable home or a great investment property, which has provided consistent rental income for several years. New water heater, newer roof and windows, flooring and more. Repainted inside and out.

24. 2016-08-16
    historical 130-char remark

    Show marketing remark (130 chars)

    Titusville 3 Bedroom / 2 Bath Home. The sellers are truly motivated and are ready to make a deal, so bring us ALL of your offers!!

25. 2011-05-26
    soldstatus $14,500
26. 2011-02-15
    listed $16,800
27. 2009-03-25
    listed $53,000 130-char remark

    Show marketing remark (130 chars)

    Titusville 3 Bedroom / 2 Bath Home. The sellers are truly motivated and are ready to make a deal, so bring us ALL of your offers!!

28. 2006-01-24
    soldstatus $39,000
29. 2006-01-23
    soldstatus $30,000

ⓘ 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: $684 · $57/mo
• Projected year-2 tax: $1,535 · $128/mo
• Expected delta: +$851/yr (+$71/mo · 124.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 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: $16,369
• − Mortgage interest: −$10,363
• − Property taxes: −$684
• − Insurance: −$925
• − Repairs & maintenance: −$1,309
• − Management: −$1,309
• − Depreciation: −$5,382
• Taxable loss: −$3,604
• Est. tax savings @ 24.0%: +$865
• After-tax cash flow: $545/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 — Titusville

• Score: 84/100
• State rank: #42
• US rank: #668

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Titusville, FL
• County: Brevard County · 602,871 people
• City population: 60,286
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 40,064
• Household income: $67,690
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1141.0

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 (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% 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: ▼ -162.54%
• Current HPI: 297.151
• Rent YoY: ▲ 1.29%
• 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

+516.7% since first listed

15 events — show timeline

• 2026-03-06 Relisted — SCMLS
• 2026-03-06 Price Changed $184,999 SCMLS
• 2026-02-28 Listing Removed — SCMLS
• 2025-12-02 Relisted — SCMLS
• 2025-11-30 Listing Removed — SCMLS
• 2025-06-05 Listed $189,999 SCMLS
• 2018-11-08 Sold (Public Records) $71,000 Public Records
• 2018-11-07 Sold (MLS) $71,000 SCMLS
• 2018-02-12 Listed $69,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-05-26 Sold (MLS) $14,500 SCMLS
• 2011-02-15 Listed $16,800 SCMLS
• 2009-03-25 Listed $53,000 SCMLS
• 2006-01-24 Sold (Public Records) $39,000 Public Records
• 2006-01-23 Sold (Public Records) $30,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $684 · +4.4% YoY. Source: county tax records.