637 Wedelia Dr · Micco, FL 32976

$156,500

2 bd · 2.0 ba · 1,220 sqft · Manufactured public records · 165 Days on market

Built 1984 3,920 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 +25.3/30.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own a piece of paradise in the resort-style community of Barefoot Bay! This well-maintained home features laminate flooring throughout, a modern kitchen with granite countertops, and updated bathrooms. Enjoy the spacious screened porch—perfect for morning coffee or evening relaxation in the Florida breeze. Major systems add peace of mind: HVAC 2017, roof approx. 6 years, and water heater less than a year old. Move-in ready and thoughtfully cared for, this home offers comfort and style. Beyond the property, Barefoot Bay Recreation District provides a year-round vacation lifestyle with 3 sparkling pools, golf, tennis, pickleball, bocce, mini golf, a 776' fishing pier, private beach access, lounges, clubs, playgrounds, shuffleboard, and more. Sports lovers will enjoy baseball and basketball facilities, while social events and activities keep the community vibrant. Best of all, Barefoot Bay is not an HOA—enjoy endless amenities without HOA restrictions!

Key facts

• 776 fishing pier
• Endless amenities
• Private beach access

Tags

• MODERN KITCHEN
• SPACIOUS SCREENED PORCH
• PRIVATE BEACH ACCESS
• 776 FISHING PIER
• ENDLESS AMENITIES

Property features AI

Exterior

• Parking: Attached carport (1 car) with additional parking
• Utilities: Public sewer; Electricity connected; Water connected; Cable available
• Home design: Manufactured home; One story; Entry level: 1; Faces east; Residential use
• Construction: Frame, stucco and vinyl siding exterior; Shingle roof
• Exterior features: Porch; Awning(s); Screened porch

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (one-level)
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Screened porch with awning(s)
• Laundry & utility: Washer and dryer located in carport

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $156k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $156k).
• Recommended offer: $138k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 185 active listings in the ZIP; 15 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 $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 165 days — a 12% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $8k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $84k; list at $156k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 165 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 1.13% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.77%
• DSCR: 1.43
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-10,525
• Equity at exit: $23,335

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $10,156
• Equity at exit: $13,531

Cash invested: $43,820 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 185
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,770 high
• Mortgage (P&I): −$821
• Tax from tax record: −$156 /mo · $1,869/yr
• Insurance: −$65
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $232

Break-even live

Break-even rent $1,477

Max offer price $156,500

Occupancy floor 82%

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: $39,125
• Closing costs: $4,695
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	23d	1	0.06mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	23d	1	0.14mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	23d	1	0.29mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	23d	1	0.50mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	23d	1	0.57mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	23d	1	0.60mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	23d	1	0.61mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	23d	1	0.62mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	23d	1	0.72mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	23d	1	0.78mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	23d	1	0.83mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	23d	1	0.88mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	23d	1	0.93mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	14d	1	0.99mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	23d	1	1.36mi

Listing history 25 events

1. 2026-06-15
   statusdays on market $156,500 Pending 165 DOM
2. 2026-06-14
   statusdays on market $156,500 Active Under Contract 164 DOM
3. 2026-06-10
   days on market $156,500 Active 161 DOM
4. 2026-06-08
   days on market $156,500 Active 159 DOM
5. 2026-06-07
   days on market $156,500 Active 158 DOM
6. 2026-06-05
   days on market $156,500 Active 155 DOM
7. 2026-06-03
   days on market $156,500 Active 154 DOM
8. 2026-06-02
   days on market $156,500 Active 153 DOM
9. 2026-06-01
   days on market $156,500 Active 152 DOM
10. 2026-05-31
    days on market $156,500 Active 151 DOM
11. 2026-05-31
    days on market $156,500 Active 150 DOM
12. 2026-03-13
    price $156,500
13. 2026-01-01
    listed $164,900 Active
14. 2025-12-31
    historical 975-char remark

    Show marketing remark (975 chars)

    Own a piece of paradise in the resort-style community of Barefoot Bay! This well-maintained home features laminate flooring throughout, a modern kitchen with granite countertops, and updated bathrooms. Enjoy the spacious screened porch—perfect for morning coffee or evening relaxation in the Florida breeze. Major systems add peace of mind: HVAC 2017, roof approx. 6 years, and water heater less than a year old. Move-in ready and thoughtfully cared for, this home offers comfort and style. Beyond the property, Barefoot Bay Recreation District provides a year-round vacation lifestyle with 3 sparkling pools, golf, tennis, pickleball, bocce, mini golf, a 776' fishing pier, private beach access, lounges, clubs, playgrounds, shuffleboard, and more. Sports lovers will enjoy baseball and basketball facilities, while social events and activities keep the community vibrant. Best of all, Barefoot Bay is not an HOA—enjoy endless amenities without HOA restrictions!

15. 2025-10-19
    price $164,900 975-char remark

    Show marketing remark (975 chars)

    Own a piece of paradise in the resort-style community of Barefoot Bay! This well-maintained home features laminate flooring throughout, a modern kitchen with granite countertops, and updated bathrooms. Enjoy the spacious screened porch—perfect for morning coffee or evening relaxation in the Florida breeze. Major systems add peace of mind: HVAC 2017, roof approx. 6 years, and water heater less than a year old. Move-in ready and thoughtfully cared for, this home offers comfort and style. Beyond the property, Barefoot Bay Recreation District provides a year-round vacation lifestyle with 3 sparkling pools, golf, tennis, pickleball, bocce, mini golf, a 776' fishing pier, private beach access, lounges, clubs, playgrounds, shuffleboard, and more. Sports lovers will enjoy baseball and basketball facilities, while social events and activities keep the community vibrant. Best of all, Barefoot Bay is not an HOA—enjoy endless amenities without HOA restrictions!

16. 2025-06-28
    listed $169,900 Active 975-char remark

    Show marketing remark (975 chars)

    Own a piece of paradise in the resort-style community of Barefoot Bay! This well-maintained home features laminate flooring throughout, a modern kitchen with granite countertops, and updated bathrooms. Enjoy the spacious screened porch—perfect for morning coffee or evening relaxation in the Florida breeze. Major systems add peace of mind: HVAC 2017, roof approx. 6 years, and water heater less than a year old. Move-in ready and thoughtfully cared for, this home offers comfort and style. Beyond the property, Barefoot Bay Recreation District provides a year-round vacation lifestyle with 3 sparkling pools, golf, tennis, pickleball, bocce, mini golf, a 776' fishing pier, private beach access, lounges, clubs, playgrounds, shuffleboard, and more. Sports lovers will enjoy baseball and basketball facilities, while social events and activities keep the community vibrant. Best of all, Barefoot Bay is not an HOA—enjoy endless amenities without HOA restrictions!

17. 2016-11-28
    soldstatus $84,000
18. 2016-11-22
    soldstatus $84,000 117-char remark

    Show marketing remark (117 chars)

    NEWLY REDESINED; 2BEDROOM, 2 BATH, LAMINATE FLOORING THROUGHTOUT, NEW BATHROOMS, NEWER KITCHEN, GRANITE COUNTER TOPS.

19. 2016-08-16
    historical
20. 2016-08-16
    historical
21. 2016-07-21
    listed $88,900 117-char remark

    Show marketing remark (117 chars)

    NEWLY REDESINED; 2BEDROOM, 2 BATH, LAMINATE FLOORING THROUGHTOUT, NEW BATHROOMS, NEWER KITCHEN, GRANITE COUNTER TOPS.

22. 2010-09-13
    listed $42,900
23. 2009-11-25
    listed $42,500
24. 2006-04-13
    soldstatus $92,800
25. 1984-04-01
    soldstatus $9,500

ⓘ 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: $1,869 · $156/mo
• Projected year-2 tax: $1,869 · $156/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $21,244
• − Mortgage interest: −$8,766
• − Property taxes: −$1,869
• − Insurance: −$2,285
• − Repairs & maintenance: −$1,700
• − Management: −$1,700
• − Depreciation: −$4,553
• Taxable income: $372
• Est. tax owed @ 24.0%: −$89
• After-tax cash flow: $2,691/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 — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -73.57%
• Current HPI: 321.5196
• Rent YoY: —
• Metro: —
• 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

+1547.4% since first listed

14 events — show timeline

• 2026-03-13 Price Changed $156,500 SCMLS
• 2026-01-01 Listed $164,900 SCMLS
• 2025-12-31 Listing Removed — SCMLS
• 2025-10-19 Price Changed $164,900 SCMLS
• 2025-06-28 Listed $169,900 SCMLS
• 2016-11-28 Sold (Public Records) $84,000 Public Records
• 2016-11-22 Sold (MLS) $84,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-07-21 Listed $88,900 SCMLS
• 2010-09-13 Listed $42,900 SCMLS
• 2009-11-25 Listed $42,500 SCMLS
• 2006-04-13 Sold (Public Records) $92,800 Public Records
• 1984-04-01 Sold (Public Records) $9,500 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,869 · +5.6% YoY. Source: county tax records.