4415 Barna Ave · Titusville, FL 32780

$495,000

8 bd · 4.0 ba · 3,104 sqft · MultiFamily · 8 Days on market

Built 1983 Good condition 0.27 ac lot

---

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 +6.6/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Bring your rehabbers / handymen / investors! Very Rare quadruplex (quadplex - spell it how you like) in Titusville on VERY busy road (easy to rent). Vacant, Needs rehab. All units 2 bed 1 bath, central air, no existing known roof leaks, no window AC units, good parking, common washer/dryer utility room, rents in the area are $850-$1050 depending on level of rehab. Individually metered for electric and water. If you choose to use the common washer/dryer utility - those are metered as well for the landlord. Old owner used a coin operated machine to make more money from those as well. If this was fully rented out and rehabbed seller would be asking over $400k. The only renovated quad on the market nearby is active at $500k for reference. Contracts must be as-is, not assignable, zero inspection period with the exception of title (so view and assess repairs before sending contract - utilities are on), no contingencies. Please don't ask "how much is the rehab" because everyone renovates to different levels. Property has been vacant for over 5 years. Cash or hard money only. Proof of funds required to be submitted with contract. Give seller minimum 2 days to respond for offers. $5k minimum escrow, quick close, has clear title

Key facts

• Renovated interiors
• Conveniently located
• 0.27 acre lot

Tags

• FULLY OCCUPIED QUADPLEX
• INCOME PRODUCING UNITS
• RENOVATED INTERIORS
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Property type: Residential Income, Subtype: Quadruplex; Total acreage approximately 0.27 acres (1/4 to less than 1/2 acre)
• Financial info: Gross income reported at $44,400; Estimated monthly market rent per unit reported as $925; Annual net income reported at $43,200; Annual expenses reported at $1,200; Total monthly expenses reported as $100; Tenants pay electricity, sewer, trash collection and water
• HOA & community: No association (no HOA)

Exterior

• Parking: Parking pad
• Utilities: Public water; Public sewer; Electricity connected; Multiple water meters
• Home design: Residential income property (quadruplex); One-story building; Single building on the lot; Zoned R3
• Construction: Block and frame construction; Shingle roof; Slab foundation; Built area and living area reflect multi-unit building
• Exterior features: Exterior lighting; Paved road access; Lot dimensions approximately 120 x 98

Interior

• Kitchen: Standard kitchens in each unit (appliances not specified)
• Bedrooms: Eight total bedrooms; Each unit is a 2-bedroom floor plan (four 2-bedroom units)
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Kitchen/family room combo
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1-bath units multifamily listed at $495k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $281/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $495k).

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: Coquina Elementary School (math 38% / reading 45%, grade F, #1,437 of 2,144 statewide, top 68%, 557 students, 75% 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 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 465 active listings in the ZIP; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• At $5,754/mo this rent would consume 102% of the median local household income ($68k/yr) (locally 1141% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 11y 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 $257k; list at $495k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $495,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
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. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.74%
• DSCR: 1.43
• GRM: 7.2

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: -3.6%
• Equity multiple: 0.87×
• Total profit: $-18,218
• Equity at exit: $73,806

10-year hold

• IRR: 4.1%
• Equity multiple: 1.28×
• Total profit: $38,142
• Equity at exit: $42,799

Cash invested: $138,600 (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: 465
• Price-to-rent: 28.7×

Monthly cashflow live

• Estimated rent: $5,754 high
• Mortgage (P&I): −$2,596
• Tax est. 1.5%: −$619 /mo · $7,425/yr
• Insurance: −$206
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,208
• Net cashflow: $1,125

Break-even live

Break-even rent $4,330

Max offer price $495,000

Occupancy floor 75%

Sensitivity live

Price	-10% $1,467	-5% $1,296	+0% $1,125	+5% $954	+10% $783
Rent	-10% $670	-5% $898	+0% $1,125	+5% $1,352	+10% $1,579
Rate	-1.0pp $1,374	-0.5pp $1,251	base $1,125	+0.5pp $997	+1.0pp $866

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$5,752
Total (4 units)			$5,754

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: $123,750
• Closing costs: $14,850
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-14
   statusdays on market $495,000 Pending 8 DOM
2. 2026-06-10
   days on market $495,000 Active 6 DOM
3. 2026-06-08
   days on market $495,000 Active 4 DOM
4. 2026-06-07
   days on market $495,000 Active 3 DOM
5. 2026-06-05
   remarks 657-char remark
6. 2026-06-05
   listed $495,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 22 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: $69,048
• − Mortgage interest: −$27,728
• − Property taxes: −$7,425
• − Insurance: −$2,475
• − Repairs & maintenance: −$5,524
• − Management: −$5,524
• − Depreciation: −$14,400
• Taxable income: $5,973
• Est. tax owed @ 24.0%: −$1,433
• After-tax cash flow: $12,064/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This fully renovated quadplex in Titusville, Florida is move-in ready with updated interiors and strong rental potential. The property is located near shopping, dining, and major roadways, making it an excellent investment opportunity.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Updating flooring in bathrooms — Updated flooring in bathrooms can improve both resale and rental value
• Both Upgrading appliances in kitchen — Modern appliances can attract more tenants and buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Updating flooring in bathrooms — Updated flooring in bathrooms can improve both resale and rental value ↑
• Both Upgrading appliances in kitchen — Modern appliances can attract more tenants and buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+330.4% since first listed

22 events — show timeline

• 2026-06-04 Listed $495,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Rental Removed $1,100 STELLARMLS
• 2025-09-24 Price Changed $1,100 STELLARMLS
• 2025-09-02 Rental Removed $1,150 APPFOLIO
• 2025-09-01 Listed for Rent $1,150 APPFOLIO
• 2025-06-14 Listed for Rent $1,200 STELLARMLS
• 2024-11-06 Rental Removed $1,150 STELLARMLS
• 2024-09-10 Price Changed $1,150 STELLARMLS
• 2024-08-20 Listed for Rent $1,200 STELLARMLS
• 2024-04-16 Rental Removed $1,150 STELLARMLS
• 2024-01-10 Price Changed $1,150 STELLARMLS
• 2023-11-09 Price Changed $1,200 STELLARMLS
• 2023-10-21 Listed for Rent $1,250 STELLARMLS
• 2019-07-27 Sold (MLS) $257,000 Stellar MLS as Distributed by MLS Grid
• 2019-06-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-06-18 Price Changed $269,000 Stellar MLS as Distributed by MLS Grid
• 2019-06-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2019-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-05-13 Price Changed $279,000 Stellar MLS as Distributed by MLS Grid
• 2019-05-07 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2016-06-01 Listing Removed — SCMLS
• 2015-02-01 Listed $115,000 SCMLS