5361 Bison St Unit P19 · Micco, FL 32976

$260,000

3 bd · 2.0 ba · 2,085 sqft · Manufactured public records · 76 Days on market

Built 2001 6,098 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 +14.2/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.3/10.0
• 1% rule +3.6/10.0
• 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

Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

Key facts

• Formal dining
• Fire place
• Laundry room

Tags

• DOUBLE LOT
• TWO LIVING AREAS
• BREAKFAST BAR
• FORMAL DINING
• LAUNDRY ROOM
• FIRE PLACE

Property features AI

Finance

• Financial info: Annual tax recorded for 2025
• HOA & community: Senior community

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Cable connected; Sewer connected; Water connected
• Home design: Manufactured home; Single-level entry; North-facing
• Construction: Aluminum siding; Frame construction; Vinyl siding
• Exterior features: Corner lot; Lot is approximately 0.14 acres; Does not have private pool

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Partially furnished

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $260k.

Deal economics

• At list price, monthly cash flow is $-82 ($-984/yr) — negative.
• To cash-flow at today's rent, offer at most $246k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $224k (13.9% below list).
• Recommended offer: $224k (13.9% below list) — sets the bar for 1% rule.

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; 8 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 $2k of loan paydown is wiped out by about $8k 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 76 days — a 6% lower offer ($244k) 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 $123k; list at $260k implies a 111% 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; moderate 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 $223,967 (13.9% 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 76 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
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: 0.86% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.71%
• DSCR: 1.03
• GRM: 9.7

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: -18.5%
• Equity multiple: 0.35×
• Total profit: $-47,288
• Equity at exit: $38,767

10-year hold

• IRR: -10.8%
• Equity multiple: 0.35×
• Total profit: $-47,630
• Equity at exit: $22,480

Cash invested: $72,800 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 185
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,240 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$254 /mo · $3,052/yr
• Insurance: −$108
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $-82

Break-even live

Break-even rent $2,344

Max offer price $245,511

Occupancy floor 99%

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	23d	1	0.16mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	23d	1	0.24mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	23d	1	0.46mi
6505 Topaz Dr Grant, FL	4.0	2.0	1830	$2,500	$1.37	23d	1	0.57mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	23d	1	0.64mi
5072 Alabaster Dr Grant, FL	4.0	2.0	2319	$2,750	$1.19	14d	1	0.64mi
5022 Alabaster Dr Grant, FL	4.0	2.0	2347	$2,550	$1.09	23d	1	0.68mi
8520 US Highway 1 Unit D5 Sebastian, FL	2.0	2.0	1533	$1,250	$0.82	14d	1	1.49mi

Listing history 25 events

1. 2026-06-18
   days on market $260,000 Active 76 DOM
2. 2026-06-17
   days on market $260,000 Active 75 DOM
3. 2026-06-16
   days on market $260,000 Active 74 DOM
4. 2026-06-15
   days on market $260,000 Active 73 DOM
5. 2026-06-14
   days on market $260,000 Active 71 DOM
6. 2026-06-10
   days on market $260,000 Active 68 DOM
7. 2026-06-08
   days on market $260,000 Active 66 DOM
8. 2026-06-07
   days on market $260,000 Active 65 DOM
9. 2026-06-05
   days on market $260,000 Active 62 DOM
10. 2026-06-03
    days on market $260,000 Active 61 DOM
11. 2026-06-02
    days on market $260,000 Active 60 DOM
12. 2026-06-01
    days on market $260,000 Active 59 DOM
13. 2026-05-31
    days on market $260,000 Active 58 DOM
14. 2026-05-31
    days on market $260,000 Active 57 DOM
15. 2026-04-03
    listed $260,000 Active
16. 2026-01-31
    historical 266-char remark

    Show marketing remark (266 chars)

    Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

17. 2026-01-19
    price $260,000 266-char remark

    Show marketing remark (266 chars)

    Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

18. 2025-09-30
    price $268,000 266-char remark

    Show marketing remark (266 chars)

    Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

19. 2025-05-14
    price $285,000 266-char remark

    Show marketing remark (266 chars)

    Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

20. 2025-04-28
    listed $300,000 Active 266-char remark

    Show marketing remark (266 chars)

    Huge, very large, really big mobile home on a double lot is a rare find. This is it! Located in the Snug Harbor area of Barefoot Bay this 2085 sq. ft. home has it all, two living areas, breakfast bar, formal dining, laundry room, fire place split master, and patio.

21. 2014-07-21
    soldstatus $123,000
22. 2014-06-30
    soldstatus $123,000 317-char remark

    Show marketing remark (317 chars)

    Outstanding, furnished, 2001 Homes of Merit on double perimeter lot with lake view from porch! Circle driveway, 2,085 sq feet living area, 3 bedrooms, 2 baths, updated appliances, a wood burning fireplace, and a BIG island kitchen! Master bedroom has ensuite bath & a private sitting area. Don't miss this one!

23. 2001-05-07
    soldstatus $10,000
24. 2000-06-20
    soldstatus $264,100
25. 1988-02-01
    soldstatus $1,356,000

ⓘ 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: $3,052 · $254/mo
• Projected year-2 tax: $3,052 · $254/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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $26,876
• − Mortgage interest: −$14,564
• − Property taxes: −$3,052
• − Insurance: −$2,802
• − Repairs & maintenance: −$2,150
• − Management: −$2,150
• − Depreciation: −$7,564
• Taxable loss: −$5,406
• Est. tax savings @ 24.0%: +$1,298
• After-tax cash flow: $313/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

-80.8% since first listed

11 events — show timeline

• 2026-04-03 Listed $260,000 SCMLS
• 2026-01-31 Listing Removed — SCMLS
• 2026-01-19 Price Changed $260,000 SCMLS
• 2025-09-30 Price Changed $268,000 SCMLS
• 2025-05-14 Price Changed $285,000 SCMLS
• 2025-04-28 Listed $300,000 SCMLS
• 2014-07-21 Sold (Public Records) $123,000 Public Records
• 2014-06-30 Sold (MLS) $123,000 RAIRCMLS
• 2001-05-07 Sold (Public Records) $10,000 Public Records
• 2000-06-20 Sold (Public Records) $264,100 Public Records
• 1988-02-01 Sold (Public Records) $1,356,000 Public Records

Property tax history

+12.1%/yr

Latest (2025): $3,052 · -0.2% YoY. Source: county tax records.