7622 Longhorn Ave #16 · Micco, FL 32976

$207,000

2 bd · 2.0 ba · 1,412 sqft · Manufactured public records · 25 Days on market

Built 1991 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 +15.1/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Ideally located within walking distance to the Community Center & pool, this home has A/C 2026, Electric 2025, Vapor Barrier 2024, water heater 2023 & Metal Roof 2017. Raised four-season glass porch provides year-round enjoyment, while additional screened back porch & paver patio is perfect for evening entertaining. Desirable split-bedroom floor plan offers privacy for guests, & interior laundry room adds everyday convenience. Spacious main suite features garden tub & separate W/ I shower. Offered fully furnished, this move-in-ready home is perfect for full-time living or a seasonal getaway.

Key facts

• Screened back porch
• Paver patio
• Garden tub

Tags

• FOUR-SEASON GLASS PORCH
• SCREENED BACK PORCH
• PAVER PATIO
• SPLIT-BEDROOM FLOOR PLAN
• INTERIOR LAUNDRY ROOM
• GARDEN TUB

Property features AI

Finance

• Financial info: Pets allowed with restrictions (breed and number limits)
• HOA & community: Snug Harbor Association with $75 monthly fee; Association dues cover common areas, insurance, recreation facilities and reserve fund; Community amenities include clubhouse, fitness room, library, billiard room, shuffleboard, tennis courts and pool; Senior community

Exterior

• Parking: Assigned carport; 1 carport space
• Utilities: Public water; County sewer
• Home design: Manufactured home; Single-story; Home faces east
• Construction: Manufactured construction; Metal roof
• Exterior features: Porch (including enclosed and screened)</>; Patio (including enclosed and screened); Heated community pool with solar heat; Paved road access; Property has a view

Interior

• Kitchen: Kitchen (9 x 12); Range; Refrigerator; Dishwasher; Electric water heater
• Bedrooms: Bedroom (10 x 11); Bedroom (11 x 14); Additional room: Other (10 x 12)
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Built-in features; Bathtub; Garden tub / Roman tub; High ceilings; Split bedroom layout; Vaulted ceilings; Bay windows; Window treatments; Furnished
• Laundry & utility: In-unit laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $207k.

Deal economics

• At list price, monthly cash flow is $-57 ($-690/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (4.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (9.0% below list).
• Recommended offer: $188k (9.0% 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: 186 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 25 days — a 2% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $207k implies a 245% 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 $188,401 (9.0% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.40%
• DSCR: 1.06
• GRM: 9.2

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: -18.2%
• Equity multiple: 0.36×
• Total profit: $-37,104
• Equity at exit: $30,864

10-year hold

• IRR: -10.4%
• Equity multiple: 0.37×
• Total profit: $-36,619
• Equity at exit: $17,898

Cash invested: $57,960 (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: 186
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,884 high
• Mortgage (P&I): −$1,086
• Tax from tax record: −$174 /mo · $2,086/yr
• Insurance: −$86
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$75
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-57

Break-even live

Break-even rent $1,957

Max offer price $196,848

Occupancy floor 98%

Sensitivity live

Price	-10% $60	-5% $1	+0% $-57	+5% $-116	+10% $-175
Rent	-10% $-206	-5% $-132	+0% $-57	+5% $17	+10% $91
Rate	-1.0pp $47	-0.5pp $-5	base $-57	+0.5pp $-111	+1.0pp $-166

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: $51,750
• Closing costs: $6,210
• Reserves months: —
• Total cash needed: —

Rent comps 19 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	25d	1	0.22mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	25d	1	0.29mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	25d	1	0.30mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	25d	1	0.30mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	25d	1	0.32mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	25d	1	0.33mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	25d	1	0.38mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	25d	1	0.41mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	25d	1	0.44mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	25d	1	0.46mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	25d	1	0.50mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	25d	1	0.57mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	25d	1	0.69mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	25d	1	0.71mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	16d	1	0.76mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	25d	1	0.91mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	25d	1	1.09mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	25d	1	1.13mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	25d	1	1.16mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: waterelectricpool

Listing history 21 events

1. 2026-06-22
   days on market $207,000 Active 25 DOM
2. 2026-06-18
   days on market $207,000 Active 22 DOM
3. 2026-06-17
   days on market $207,000 Active 21 DOM
4. 2026-06-16
   days on market $207,000 Active 20 DOM
5. 2026-06-15
   days on market $207,000 Active 19 DOM
6. 2026-06-14
   days on market $207,000 Active 17 DOM
7. 2026-06-10
   days on market $207,000 Active 14 DOM
8. 2026-06-08
   days on market $207,000 Active 12 DOM
9. 2026-06-07
   days on market $207,000 Active 11 DOM
10. 2026-06-05
    days on market $207,000 Active 8 DOM
11. 2026-06-03
    days on market $207,000 Active 7 DOM
12. 2026-06-03
    remarks 608-char remark
13. 2026-06-02
    days on market $207,000 Active 6 DOM
14. 2026-06-01
    days on market $207,000 Active 5 DOM
15. 2026-05-31
    days on market $207,000 Active 4 DOM
16. 2026-05-31
    days on market $207,000 Active 3 DOM
17. 2025-12-23
    listed $207,000 Active
18. 1999-12-16
    soldstatus $60,000
19. 1994-12-02
    soldstatus $64,000
20. 1991-03-01
    soldstatus $64,000
21. 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: $2,086 · $174/mo
• Projected year-2 tax: $2,086 · $174/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: $22,608
• − Mortgage interest: −$11,595
• − Property taxes: −$2,086
• − Insurance: −$2,538
• − Repairs & maintenance: −$1,809
• − Management: −$1,809
• − HOA: −$900
• − Depreciation: −$6,022
• Taxable loss: −$4,150
• Est. tax savings @ 24.0%: +$996
• After-tax cash flow: $306/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

-84.7% since first listed

5 events — show timeline

• 2025-12-23 Listed $207,000 RAIRCMLS
• 1999-12-16 Sold (Public Records) $60,000 Public Records
• 1994-12-02 Sold (Public Records) $64,000 Public Records
• 1991-03-01 Sold (Public Records) $64,000 Public Records
• 1988-02-01 Sold (Public Records) $1,356,000 Public Records

Property tax history

+10.6%/yr

Latest (2025): $2,086 · -6.6% YoY. Source: county tax records.