1016 S Park Ave · Titusville, FL 32780

$193,000

2 bd · 1.0 ba · 914 sqft · SingleFamily public records · 17 Days on market

Built 1958 9,583 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 +10.0/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +2.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Live happily for many years in this well maintained starter or downsizing home. Light and airy inside, kitchen updated with quartz counter top and tile in 2023, stainless steel appliances, gas stove, save on insurance with 40 yr white metal roof, fully fenced yard, 10 x 14 woodshed with electricity, Lg front load washer conveys, close to shopping and restaurants, watch rocket launches from your front yard. 15 min to the beach and 20 to port canaveral, 35 min to orlando airport

Key facts

• 15 min to the beach
• Gas stove
• 20 to port canaveral

Tags

• STAINLESS STEEL APPLIANCES
• GAS STOVE
• 40 YR WHITE METAL ROOF
• FULLY FENCED YARD
• 15 MIN TO THE BEACH
• 20 TO PORT CANAVERAL

Property features AI

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected; Propane available
• Home design: Single family residence; East-facing
• Construction: Block construction; Metal roof
• Exterior features: Patio; Back yard fencing; Workshop (outbuilding); City street frontage; Concrete road surface; Lot includes other features

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Terrazzo; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Heat pump; Central air conditioning; Electric cooling; Split system
• Interior features: Open floor plan; Primary bathroom with tub and shower
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $193k.

Deal economics

• At list price, monthly cash flow is $-115 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (10.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (33.2% below list).
• Recommended offer: $129k (33.2% 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; 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 $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 17 days — a 2% lower offer ($190k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $35k; list at $193k implies a 453% gain — meaningful room to come down on a strong offer.

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 $128,999 (33.2% 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. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.67% ✗
• Cap rate: 5.58%
• Cash-on-cash: -2.56%
• DSCR: 0.89
• GRM: 12.5

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: -22.2%
• Equity multiple: 0.24×
• Total profit: $-40,910
• Equity at exit: $28,777

10-year hold

• IRR: -20.5%
• Equity multiple: -0.00×
• Total profit: $-54,160
• Equity at exit: $16,687

Cash invested: $54,040 (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: 12.5×

Monthly cashflow live

• Estimated rent: $1,290 high
• Mortgage (P&I): −$1,012
• Tax from tax record: −$42 /mo · $504/yr
• Insurance: −$80
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $-115

Break-even live

Break-even rent $1,436

Max offer price $172,612

Occupancy floor —

Sensitivity live

Price	-10% $-6	-5% $-61	+0% $-115	+5% $-170	+10% $-225
Rent	-10% $-217	-5% $-166	+0% $-115	+5% $-64	+10% $-14
Rate	-1.0pp $-18	-0.5pp $-66	base $-115	+0.5pp $-165	+1.0pp $-216

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: $48,250
• Closing costs: $5,790
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1023 S Park Ave Titusville, FL	2.0–3.0	2.0	1002	$1,210	$1.21	14d	1	0.11mi
915 S Park Ave Titusville, FL	2.0	1.0	780	$1,150	$1.47	24d	1	0.15mi
1111 Kennedy Ct Titusville, FL	2.0	1.0	550	$1,275	$2.32	24d	1	0.30mi
1588 South St Titusville, FL	2.0	1.0	860	$1,000	$1.16	24d	1	0.38mi
1800 South St Titusville, FL	1.0	1.0	657	$900	$1.37	24d	1	0.43mi
933 Gibson St Titusville, FL	3.0	1.0	816	$1,275	$1.56	14d	1	0.48mi
537 Rockpit Rd Titusville, FL	2.0	1.0	768	$1,050	$1.37	24d	1	0.49mi
1590 S Deleon Ave Titusville, FL	3.0	1.0	1072	$1,600	$1.49	24d	1	0.54mi
500 Rockpit Rd Titusville, FL	2.0	1.0	700	$1,050	$1.50	24d	1	0.54mi
1516 Roger Dr Unit 2 Titusville, FL	1.0	1.0	550	$1,600	$2.91	24d	1	0.81mi
1540 Riverside Dr #402 Titusville, FL	2.0	2.0	1120	$1,800	$1.61	24d	1	0.98mi
1710 S Washington Ave #16 Titusville, FL	2.0	1.0	710	$1,100	$1.55	24d	1	1.02mi
1710 S Washington Ave Unit 1 Titusville, FL	2.0	1.0	710	$1,250	$1.76	24d	1	1.02mi
230 N Robbins Ave Titusville, FL	2.0	1.0	880	$1,100	$1.25	24d	1	1.03mi
1735 Harrison St #231 Titusville, FL	2.0	2.0	915	$1,700	$1.86	19d	1	1.22mi

Listing history 6 events

1. 2026-05-18
   status Pending
2. 2026-05-16
   status Active
3. 2026-05-07
   status Pending
4. 2026-04-28
   historical Active Under Contract
5. 2026-04-22
   listed $193,000 Active
6. 1988-02-01
   soldstatus $34,900

ⓘ 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: $504 · $42/mo
• Projected year-2 tax: $1,602 · $133/mo
• Expected delta: +$1,098/yr (+$92/mo · 218.0%)

ⓘ 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 ≥108°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: $15,480
• − Mortgage interest: −$10,811
• − Property taxes: −$504
• − Insurance: −$965
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$5,615
• Taxable loss: −$4,891
• Est. tax savings @ 24.0%: +$1,174
• After-tax cash flow: $-211/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

+453.0% since first listed

6 events — show timeline

• 2026-05-18 Pending — SCMLS
• 2026-05-16 Relisted — SCMLS
• 2026-05-07 Pending — SCMLS
• 2026-04-28 Contingent — SCMLS
• 2026-04-22 Listed $193,000 SCMLS
• 1988-02-01 Sold (Public Records) $34,900 Public Records

Property tax history

+6.7%/yr

Latest (2025): $504 · +12.9% YoY. Source: county tax records.