1515 Huntington Ln #121 · Rockledge, FL 32955

$150,000

3 bd · 2.0 ba · 1,049 sqft · Condo public records · 17 Days on market

Built 1983 $444/mo HOA · 23% of rent

---

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 +21.0/30.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculate 3 bedroom unit on the second floor in Rockledge, off Barton. Lots of upgrades including corian countertops and new kitchen cabinets. Laminate and tile flooring throughout. All appliances are included. Amenities include pool, clubhouse and tennis courts. Covered parking space. Make your appointment to show this unit today!!

Key facts

• Solid wood cabinetry
• Laminate flooring
• Screened balcony

Tags

• SECOND FLOOR END UNIT
• SCREENED BALCONY
• TILE FLOORING
• LAMINATE FLOORING
• SOLID WOOD CABINETRY
• BREAKFAST BAR

Property features AI

Finance

• Other: Community spa (not private pool)
• HOA & community: Regency Pines HOA (management by Advanced Property Mgmt.); Monthly association fee; Association amenities include clubhouse, tennis and shuffleboard courts, car wash area, maintenance of grounds, trash and water service, cable TV; on-site or off-site management

Exterior

• Parking: Assigned parking; Covered detached carport (1 space); Additional guest and unassigned parking; Parking lot
• Security: Smoke detectors
• Utilities: Public sewer; Water available and connected; Electricity available and connected; Cable available; Sewer available and connected
• Home design: Condominium; 2-story building; unit entry on level 2; South-facing
• Construction: Block and stucco construction; Shingle roof; Pets allowed
• Exterior features: Balcony; Porch with rear screened porch; Screened porch

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator; Kitchen island; Pantry
• Bedrooms: 3 bedrooms (one on upper level)
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric); Smart thermostat
• Interior features: Ceiling fans; Jack-and-Jill bathroom; Kitchen island; Open floorplan; Pantry; Primary bathroom with tub/shower; Smart thermostat; Split bedroom layout; Walk-in closet(s)
• Laundry & utility: Washer and dryer included; Electric dryer hookup; In-unit laundry on upper level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#81 in FL, #1,315 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A, commute A-; Watch: amenities 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: Golfview Elementary Magnet School (math 32% / reading 36%, grade F, #1,744 of 2,144 statewide, top 82%, 441 students, 74% FRL); Ronald Mcnair Magnet Middle School (math 58% / reading 50%, grade B-, #196 of 571 statewide, top 36%, 364 students, 58% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL) — zoned schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-13 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 317 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $4k 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 ($148k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $58k; list at $150k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.30% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.04%
• DSCR: 1.27
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.62×
• Total profit: $-16,138
• Equity at exit: $22,365

10-year hold

• IRR: -7.7%
• Equity multiple: 0.59×
• Total profit: $-17,198
• Equity at exit: $12,969

Cash invested: $42,000 (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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 317
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,957 high
• Mortgage (P&I): −$787
• Tax from tax record: −$41 /mo · $495/yr
• Insurance: −$62
• HOA: −$444
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $211

Break-even live

Break-even rent $1,689

Max offer price $150,000

Occupancy floor 84%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,762	$3.75	23d	3	0.06mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,725	$3.67	14d	4	0.06mi
823 Angela Ave Unit A Rockledge, FL	2.0	2.0	1117	$1,750	$1.57	14d	1	0.41mi
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	23d	1	0.44mi
1675 S Fiske Blvd #155 Rockledge, FL	2.0	2.0	1170	$1,750	$1.50	13d	1	0.45mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$2,115	$2.09	14d	23	0.48mi
1525 S Fiske Blvd Rockledge, FL	1.0–2.0	1.0	890	$1,500	$1.69	23d	1	0.53mi
1720 Murrell Rd #217 Rockledge, FL	2.0	2.0	928	$1,550	$1.67	23d	1	0.59mi
1001 Cascade Cir Rockledge, FL	2.0–3.0	2.0	1274	$2,065	$1.62	14d	6	0.68mi
1880 Murrell Rd Unit Q63 Rockledge, FL	2.0	1.5	1200	$1,700	$1.42	23d	1	0.73mi
1913 Woodhaven Cir Rockledge, FL	2.0	2.0	930	$1,597	$1.72	13d	3	0.75mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	23d	1	0.93mi
944 Kentucky Ave Rockledge, FL	3.0	2.0	1236	$1,945	$1.57	19d	1	0.99mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	23d	1	1.06mi
1600 Woodland Dr Unit 1 Rockledge, FL	3.0	2.0	1426	$1,995	$1.40	14d	1	1.08mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,467	$2.42	14d	33	1.18mi
39 E Azalea Cir Unit 1 Rockledge, FL	3.0	2.0	1096	$2,200	$2.01	23d	1	1.23mi
39 E Azalea Cir Rockledge, FL	3.0	2.0	1096	$2,100	$1.92	23d	1	1.23mi
34 E Azalea Cir Rockledge, FL	3.0	2.0	1224	$1,800	$1.47	23d	1	1.24mi
801 Washington St Unit A Cocoa, FL	3.0	1.5	1000	$1,760	$1.76	23d	1	1.24mi
801 Washington St Unit B Cocoa, FL	2.0	1.0	700	$1,290	$1.84	23d	1	1.24mi
613 Paw Paw St Apt A Cocoa, FL	2.0	1.0	1104	$1,175	$1.06	23d	1	1.28mi
516 Donley St Cocoa, FL	2.0	2.0	1485	$1,800	$1.21	19d	1	1.33mi
616 S Kentucky Ave Cocoa, FL	3.0	1.0	960	$1,600	$1.67	19d	1	1.35mi
21 Lime Ave Rockledge, FL	4.0	2.0	1172	$2,300	$1.96	14d	1	1.48mi
897 Levitt Pkwy Rockledge, FL	3.0	2.0	1386	$2,200	$1.59	23d	1	1.49mi

HOA detail condo

• Monthly dues: $444 · $5,328/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-07
   statusdays on market $150,000 Pending 17 DOM
2. 2026-06-05
   days on market $150,000 Active Under Contract 16 DOM
3. 2026-06-03
   days on market $150,000 Active Under Contract 15 DOM
4. 2026-06-02
   days on market $150,000 Active Under Contract 14 DOM
5. 2026-06-01
   days on market $150,000 Active Under Contract 13 DOM
6. 2026-06-01
   status $150,000 Active Under Contract 12 DOM
7. 2026-05-31
   days on market $150,000 Active 12 DOM
8. 2026-05-31
   days on market $150,000 Active 11 DOM
9. 2026-05-19
   listed $150,000 Active
10. 2014-11-17
    soldstatus $58,000
11. 2014-11-07
    soldstatus $58,000 335-char remark

    Show marketing remark (335 chars)

    Immaculate 3 bedroom unit on the second floor in Rockledge, off Barton. Lots of upgrades including corian countertops and new kitchen cabinets. Laminate and tile flooring throughout. All appliances are included. Amenities include pool, clubhouse and tennis courts. Covered parking space. Make your appointment to show this unit today!!

12. 2014-10-02
    listed $58,000 335-char remark

    Show marketing remark (335 chars)

    Immaculate 3 bedroom unit on the second floor in Rockledge, off Barton. Lots of upgrades including corian countertops and new kitchen cabinets. Laminate and tile flooring throughout. All appliances are included. Amenities include pool, clubhouse and tennis courts. Covered parking space. Make your appointment to show this unit today!!

13. 2000-11-21
    soldstatus $47,000
14. 2000-06-20
    soldstatus $47,000
15. 1983-10-01
    soldstatus $65,200

ⓘ 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: $495 · $41/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$750/yr (+$62/mo · 151.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,481
• − Mortgage interest: −$8,402
• − Property taxes: −$495
• − Insurance: −$750
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − HOA: −$5,328
• − Depreciation: −$4,364
• Taxable income: $385
• Est. tax owed @ 24.0%: −$92
• After-tax cash flow: $2,445/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 — Rockledge

• Score: 81/100
• State rank: #81
• US rank: #1315

Category grades

Amenities F Commute A- Cost of living B+ Crime B+ Employment B+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockledge, FL
• County: Brevard County · 602,871 people
• City population: 41,008
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

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 (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2%

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: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• 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

+130.1% since first listed

7 events — show timeline

• 2026-05-19 Listed $150,000 SCMLS
• 2014-11-17 Sold (Public Records) $58,000 Public Records
• 2014-11-07 Sold (MLS) $58,000 SCMLS
• 2014-10-02 Listed $58,000 SCMLS
• 2000-11-21 Sold (Public Records) $47,000 Public Records
• 2000-06-20 Sold (Public Records) $47,000 Public Records
• 1983-10-01 Sold (Public Records) $65,200 Public Records

Property tax history

-4.6%/yr

Latest (2025): $495 · +2.1% YoY. Source: county tax records.