7667 N Wickham Rd #302 · Viera East, FL 32940

$235,000

3 bd · 2.0 ba · 1,256 sqft · Condo public records · 21 Days on market

Built 1990 $623/mo HOA · 28% 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).

• ARV discount +7.5/15.0
• Cash flow +7.2/30.0
• Appreciation +5.2/10.0
• Schools +4.7/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0

Listing remarks MLS

Rare first floor unit -- no stairs -- in a resort style community reduced to $239,900! With 3 bedrooms and 2 baths, this spacious condo is fully renovated with first-rate finishes. Brand new impact windows and sliders -- and a security system -- offer peace of mind, even for snowbirds who lock and leave. Play tennis or pickle ball, swim in a gorgeous pool, take you dog to a park, kids or grands to a playground, host a party at the club house, and work out any time of the day or night. Walk to 10 restaurants, a Publix, a bank, dry cleaner and drug store. And it's a short commute to all local employers.

Key facts

• Fitness center
• Screened-in porch
• Pickleball courts

Tags

• IMPACT WINDOWS
• SLIDING GLASS DOORS
• SCREENED-IN PORCH
• RESORT-STYLE POOL
• FITNESS CENTER
• PICKLEBALL COURTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $235k.

Deal economics

• At list price, monthly cash flow is $-327 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (24.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (6.6% below list).
• Recommended offer: $177k (24.6% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 79/100 on livability (#141 in FL, #1,964 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: commute D+, 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: Suntree Elementary School (math 80% / reading 80%, grade A+, #110 of 2,144 statewide, top 5%, 600 students, 23% FRL); Delaura Middle School (math 74% / reading 70%, grade A, #52 of 571 statewide, top 10%, 843 students, 21% FRL); Viera High School (math 58% / reading 71%, grade B-, #78 of 667 statewide, top 13%, 2,289 students, 15% FRL) — zoned schools average 19% FRL vs 43% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 72% at this address vs 55% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Brevard average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.0%/yr); 583 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($2k loan paydown + $948 appreciation (0.4% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 10, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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 $180k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.

Recommended offer $177,289 (24.6% 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 does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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: 0.93% ✗
• Cap rate: 4.62%
• Cash-on-cash: -5.96%
• DSCR: 0.73
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.4% appreciation · 1.96% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.62×
• Total profit: $-25,165
• Equity at exit: $73,013

10-year hold

• IRR: -2.8%
• Equity multiple: 0.69×
• Total profit: $-20,628
• Equity at exit: $91,673

Cash invested: $65,800 (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 32940

• Home prices YoY: 0.1%
• Rents YoY: 2.0%
• Active inventory: 583
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,196 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$108 /mo · $1,299/yr
• Insurance: −$98
• HOA: −$623
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $-327

Break-even live

Break-even rent $2,610

Max offer price $177,289

Occupancy floor —

Sensitivity live

Price	-10% $-194	-5% $-260	+0% $-327	+5% $-393	+10% $-460
Rent	-10% $-500	-5% $-413	+0% $-327	+5% $-240	+10% $-153
Rate	-1.0pp $-208	-0.5pp $-267	base $-327	+0.5pp $-388	+1.0pp $-450

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7667 N Wickham Rd Melbourne, FL	1.0–2.0	1.0–2.0	915	$1,750	$1.91	15d	2	0.21mi
201 Plantation Club Dr Melbourne, FL	1.0–2.0	1.0–2.0	1025	$1,870	$1.82	14d	10	0.28mi
300 Tuscany Way Melbourne, FL	1.0–3.0	1.0–2.0	1097	$2,269	$2.07	24d	12	0.28mi
1311 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,850	$1.67	24d	1	0.46mi
1306 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,700	$1.53	15d	1	0.47mi
531 Steeplechase Ln Melbourne, FL	2.0	1.5	1110	$1,875	$1.69	24d	1	0.56mi
1390 Hampton Park Ln Melbourne, FL	2.0	2.5	1110	$1,900	$1.71	24d	1	0.56mi
640 Casa Grande Dr Melbourne, FL	3.0	2.0	1160	$2,200	$1.90	24d	1	0.85mi
216 Country Club Dr Melbourne, FL	3.0	2.0	1749	$2,295	$1.31	22d	1	0.89mi

HOA detail condo

• Monthly dues: $623 · $7,476/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-04-17
   status Pending
2. 2026-03-27
   listed $235,000 Active
3. 2026-03-03
   historical 608-char remark

   Show marketing remark (608 chars)

   Rare first floor unit -- no stairs -- in a resort style community reduced to $239,900! With 3 bedrooms and 2 baths, this spacious condo is fully renovated with first-rate finishes. Brand new impact windows and sliders -- and a security system -- offer peace of mind, even for snowbirds who lock and leave. Play tennis or pickle ball, swim in a gorgeous pool, take you dog to a park, kids or grands to a playground, host a party at the club house, and work out any time of the day or night. Walk to 10 restaurants, a Publix, a bank, dry cleaner and drug store. And it's a short commute to all local employers.

4. 2026-02-07
   price $239,900 608-char remark

   Show marketing remark (608 chars)

   Rare first floor unit -- no stairs -- in a resort style community reduced to $239,900! With 3 bedrooms and 2 baths, this spacious condo is fully renovated with first-rate finishes. Brand new impact windows and sliders -- and a security system -- offer peace of mind, even for snowbirds who lock and leave. Play tennis or pickle ball, swim in a gorgeous pool, take you dog to a park, kids or grands to a playground, host a party at the club house, and work out any time of the day or night. Walk to 10 restaurants, a Publix, a bank, dry cleaner and drug store. And it's a short commute to all local employers.

5. 2025-11-07
   price $244,900 608-char remark

   Show marketing remark (608 chars)

   Rare first floor unit -- no stairs -- in a resort style community reduced to $239,900! With 3 bedrooms and 2 baths, this spacious condo is fully renovated with first-rate finishes. Brand new impact windows and sliders -- and a security system -- offer peace of mind, even for snowbirds who lock and leave. Play tennis or pickle ball, swim in a gorgeous pool, take you dog to a park, kids or grands to a playground, host a party at the club house, and work out any time of the day or night. Walk to 10 restaurants, a Publix, a bank, dry cleaner and drug store. And it's a short commute to all local employers.

6. 2025-08-05
   listed $249,900 Active 608-char remark

   Show marketing remark (608 chars)

   Rare first floor unit -- no stairs -- in a resort style community reduced to $239,900! With 3 bedrooms and 2 baths, this spacious condo is fully renovated with first-rate finishes. Brand new impact windows and sliders -- and a security system -- offer peace of mind, even for snowbirds who lock and leave. Play tennis or pickle ball, swim in a gorgeous pool, take you dog to a park, kids or grands to a playground, host a party at the club house, and work out any time of the day or night. Walk to 10 restaurants, a Publix, a bank, dry cleaner and drug store. And it's a short commute to all local employers.

7. 2022-03-03
   soldstatus $180,000
8. 2022-02-24
   soldstatus $180,000 Closed 699-char remark

   Show marketing remark (699 chars)

   This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

9. 2022-02-07
   historical Backups 699-char remark

   Show marketing remark (699 chars)

   This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

10. 2022-02-01
    status Active 699-char remark

    Show marketing remark (699 chars)

    This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

11. 2022-01-28
    historical Backups 699-char remark

    Show marketing remark (699 chars)

    This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

12. 2022-01-25
    listed $190,000 Active 699-char remark

    Show marketing remark (699 chars)

    This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

13. 2022-01-20
    historical $190,000 699-char remark

    Show marketing remark (699 chars)

    This spacious 1st floor condo boasts 3 bedrooms, 2 full bathrooms, split floor plan and 1256 sqft. The Kitchen features a breakfast bar open to the dining room and living room. Both bathrooms have been beautifully remodeled. Condo features wood laminate flooring throughout. Master suite offers a walk-in closet and private bathroom with shower. Patio off the living room gives a great space to enjoy the outdoors. Laundry hook up inside and a large storage closet right outside the condo, great for storing bicycles etc. . Centrally located and close to I95, great shopping, Brevard Zoo, and restaurants. Resort style amenities include pool, fitness center, tennis court, playground and clubhouse.

14. 2016-02-04
    soldstatus $104,900
15. 2008-03-27
    soldstatus $11,000,000

ⓘ 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: $1,299 · $108/mo
• Projected year-2 tax: $1,950 · $163/mo
• Expected delta: +$652/yr (+$54/mo · 50.2%)

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

Taxation est. · year 1

• Rental income: $26,352
• − Mortgage interest: −$13,164
• − Property taxes: −$1,299
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,108
• − Management: −$2,108
• − HOA: −$7,476
• − Depreciation: −$6,836
• Taxable loss: −$7,814
• Est. tax savings @ 24.0%: +$1,875
• After-tax cash flow: $-2,045/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 — Viera East

• Score: 79/100
• State rank: #141
• US rank: #1964

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 51,727
• Household income: $110,495
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 873.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 10% Two or more races 9% Asian 5% Black 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% 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: ▲ 0.40%
• Current HPI: 298.1023
• Rent YoY: ▲ 1.96%
• 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

-97.9% since first listed

15 events — show timeline

• 2026-04-17 Pending — SCMLS
• 2026-03-27 Listed $235,000 SCMLS
• 2026-03-03 Listing Removed — SCMLS
• 2026-02-07 Price Changed $239,900 SCMLS
• 2025-11-07 Price Changed $244,900 SCMLS
• 2025-08-05 Listed $249,900 SCMLS
• 2022-03-03 Sold (Public Records) $180,000 Public Records
• 2022-02-24 Sold (MLS) $180,000 SCMLS
• 2022-02-07 Contingent — SCMLS
• 2022-02-01 Relisted — SCMLS
• 2022-01-28 Contingent — SCMLS
• 2022-01-25 Listed $190,000 SCMLS
• 2022-01-20 Coming Soon $190,000 SCMLS
• 2016-02-04 Sold (Public Records) $104,900 Public Records
• 2008-03-27 Sold (Public Records) $11,000,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $1,299 · +10.5% YoY. Source: county tax records.