7625 Longhorn Ave Unit P3 · Micco, FL 32976

$205,000

2 bd · 2.0 ba · 1,552 sqft · Manufactured public records · 126 Days on market

Built 1989 6,098 sqft lot $75/mo HOA · 4% of rent

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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 +15.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• Schools +4.7/10.0
• 1% rule +4.5/10.0
• 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

Great Palm Harbor home has island kitchen, family room and wrap around porch overlooking lake. split bedrooms garden tub , interior laundry , sprinkler on well and the best location on the lake . $50 application fee

Key facts

• Wet bar
• Lake views
• Remodeled kitchen

Tags

• LAKE VIEWS
• INDOOR OUTDOOR LIVING
• OPEN CONCEPT LAYOUT
• REMODELED KITCHEN
• LARGE ISLAND
• WET BAR

Property features AI

Finance

• Other: Partially furnished
• HOA & community: Condo association (Snug Harbor Lakes); Monthly association fee of $75; Association fee covers sewer and trash; Community amenities: barbecue, clubhouse, shuffleboard court, tennis courts

Exterior

• Parking: 2-space carport
• Security: Smoke detector(s)
• Utilities: Public sewer; Other utilities
• Home design: Manufactured home; One story; Ground-level entry; Home faces west; Single-family use
• Construction: Vinyl siding; Shingle roof
• Exterior features: Outdoor shower; Screened wrap-around porch; Shed(s); Sprinklers in front and rear

Interior

• Kitchen: Dishwasher; Electric oven; Microwave; Refrigerator; Kitchen island; Pantry; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Ceiling fans; Eat-in kitchen; His and hers closets; Kitchen island; Pantry; Primary bathroom with shower (no tub); Split bedroom layout; Walk-in closet(s); Wet bar; Wood-burning fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $205k.

Deal economics

• At list price, monthly cash flow is $-30 ($-361/yr) — negative.
• To cash-flow at today's rent, offer at most $200k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (5.3% below list).
• Recommended offer: $180k (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; 16 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 126 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y 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 $78k; list at $205k implies a 163% 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 $180,400 (12.0% 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 126 days. Have you received any prior offers? Is the seller open to a 12% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. 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: 0.95% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 8.8

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-35,017
• Equity at exit: $30,566

10-year hold

• IRR: -9.1%
• Equity multiple: 0.43×
• Total profit: $-32,475
• Equity at exit: $17,725

Cash invested: $57,400 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,941 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$203 /mo · $2,433/yr
• Insurance: −$85
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$75
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $-30

Break-even live

Break-even rent $1,979

Max offer price $199,682

Occupancy floor 97%

Sensitivity live

Price	-10% $86	-5% $28	+0% $-30	+5% $-88	+10% $-146
Rent	-10% $-183	-5% $-107	+0% $-30	+5% $47	+10% $123
Rate	-1.0pp $73	-0.5pp $22	base $-30	+0.5pp $-83	+1.0pp $-137

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 16 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	24d	1	0.22mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	24d	1	0.29mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	24d	1	0.30mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	24d	1	0.32mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	24d	1	0.38mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	24d	1	0.41mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	24d	1	0.44mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	24d	1	0.46mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	24d	1	0.50mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	24d	1	0.57mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	24d	1	0.69mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	14d	1	0.76mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	24d	1	0.91mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	24d	1	1.09mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	24d	1	1.13mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	24d	1	1.16mi

HOA detail

• Monthly dues: $75 · $900/yr

Listing history 30 events

1. 2026-06-17
   status $205,000 Pending 126 DOM
2. 2026-06-17
   days on market $205,000 Active 126 DOM
3. 2026-06-16
   days on market $205,000 Active 125 DOM
4. 2026-06-15
   days on market $205,000 Active 124 DOM
5. 2026-06-14
   days on market $205,000 Active 122 DOM
6. 2026-06-10
   days on market $205,000 Active 119 DOM
7. 2026-06-08
   days on market $205,000 Active 117 DOM
8. 2026-06-07
   days on market $205,000 Active 116 DOM
9. 2026-06-05
   days on market $205,000 Active 113 DOM
10. 2026-06-03
    days on market $205,000 Active 112 DOM
11. 2026-06-02
    days on market $205,000 Active 111 DOM
12. 2026-06-01
    days on market $205,000 Active 110 DOM
13. 2026-05-31
    days on market $205,000 Active 109 DOM
14. 2026-05-31
    days on market $205,000 Active 108 DOM
15. 2026-02-16
    status Active
16. 2026-02-11
    status Pending
17. 2026-02-06
    listed $205,000 Active
18. 2016-08-16
    historical 215-char remark

    Show marketing remark (215 chars)

    Great Palm Harbor home has island kitchen, family room and wrap around porch overlooking lake. split bedrooms garden tub , interior laundry , sprinkler on well and the best location on the lake . $50 application fee

19. 2013-06-28
    soldstatus $77,900 247-char remark

    Show marketing remark (247 chars)

    Lakefront beauty. Palm Harbor model offers water view front kitchen, family room, breakfast nook and huge wrap around screen porch. Split bedrooms offer privacy. Interior laundry includes washer & dryer. Bonus: Home comes partially furnished

20. 2013-06-28
    soldstatus $77,900

    Show marketing remark (247 chars)

    Lakefront beauty. Palm Harbor model offers water view front kitchen, family room, breakfast nook and huge wrap around screen porch. Split bedrooms offer privacy. Interior laundry includes washer & dryer. Bonus: Home comes partially furnished

21. 2013-06-10
    historical
22. 2013-06-01
    listed $77,900 247-char remark

    Show marketing remark (247 chars)

    Lakefront beauty. Palm Harbor model offers water view front kitchen, family room, breakfast nook and huge wrap around screen porch. Split bedrooms offer privacy. Interior laundry includes washer & dryer. Bonus: Home comes partially furnished

23. 2013-06-01
    listed $77,900

    Show marketing remark (247 chars)

    Lakefront beauty. Palm Harbor model offers water view front kitchen, family room, breakfast nook and huge wrap around screen porch. Split bedrooms offer privacy. Interior laundry includes washer & dryer. Bonus: Home comes partially furnished

24. 2012-11-27
    listed $77,900 215-char remark

    Show marketing remark (215 chars)

    Great Palm Harbor home has island kitchen, family room and wrap around porch overlooking lake. split bedrooms garden tub , interior laundry , sprinkler on well and the best location on the lake . $50 application fee

25. 2009-03-24
    soldstatus $55,000
26. 2009-03-20
    soldstatus $55,000
27. 2007-04-12
    listed $67,700
28. 1989-10-01
    soldstatus $75,900
29. 1989-08-01
    soldstatus $75,900
30. 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: $2,433 · $203/mo
• Projected year-2 tax: $2,433 · $203/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: $23,291
• − Mortgage interest: −$11,483
• − Property taxes: −$2,433
• − Insurance: −$2,528
• − Repairs & maintenance: −$1,863
• − Management: −$1,863
• − HOA: −$900
• − Depreciation: −$5,964
• Taxable loss: −$3,743
• Est. tax savings @ 24.0%: +$898
• After-tax cash flow: $537/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

-84.9% since first listed

16 events — show timeline

• 2026-02-16 Relisted — SCMLS
• 2026-02-11 Pending — SCMLS
• 2026-02-06 Listed $205,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2013-06-28 Sold (MLS) $77,900 RAIRCMLS
• 2013-06-28 Sold (MLS) $77,900 SCMLS
• 2013-06-10 Listing Removed — Beaches MLS
• 2013-06-01 Listed $77,900 Beaches MLS
• 2013-06-01 Listed $77,900 SCMLS
• 2012-11-27 Listed $77,900 SCMLS
• 2009-03-24 Sold (Public Records) $55,000 Public Records
• 2009-03-20 Sold (MLS) $55,000 SCMLS
• 2007-04-12 Listed $67,700 SCMLS
• 1989-10-01 Sold (Public Records) $75,900 Public Records
• 1989-08-01 Sold (Public Records) $75,900 Public Records
• 1988-02-01 Sold (Public Records) $1,356,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $2,433 · -2.8% YoY. Source: county tax records.