2430 Legay St · Cocoa, FL 32926

$219,000

3 bd · 2.0 ba · 1,038 sqft · SingleFamily public records · 115 Days on market

Built 1957 8,712 sqft lot

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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 +14.9/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.6/10.0
• Rent growth +3.9/5.0
• 1% rule +3.7/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

Key facts

• New paint exterior
• All new electrical
• Close to efsc

Tags

• CLOSE TO COCOA HIGH
• CLOSE TO EFSC
• CLOSE TO UCF COCOA CAMPUS
• ALL NEW ROOF
• ALL NEW ELECTRICAL
• NEW PAINT EXTERIOR

Property features AI

Exterior

• Parking: Other parking
• Utilities: Public sewer; Sewer connected; Water connected
• Home design: Single Family Residence; One story; North-facing
• Construction: Block and concrete construction; Shingle roof; Pets allowed
• Exterior features: Other lot features; No private pool

Interior

• Kitchen: Other appliances
• Bedrooms: 5 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Other appliances
• Laundry & utility: Washer/dryer connections (utilities connected)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $-2 ($-29/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (13.1% below list).
• Recommended offer: $190k (13.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#344 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, 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: Cambridge Elementary Magnet School (math 38% / reading 31%, grade F, #1,709 of 2,144 statewide, top 81%, 495 students, 78% FRL); Cocoa High School (math 21% / reading 27%, grade F, #529 of 667 statewide, top 80%, 1,551 students, 73% FRL) — zoned schools average 76% FRL vs 43% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 55% district-wide (-26 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.6%/yr); 291 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 115 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $29k; list at $219k implies a 655% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,411 (13.1% 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 115 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
8. Crime grade is F 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?
9. 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?
10. 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.
11. 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.
12. 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: 0.87% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.25%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.50×
• Total profit: $-30,508
• Equity at exit: $32,654

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-4,547
• Equity at exit: $18,935

Cash invested: $61,320 (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 32926

• Home prices YoY: -16.9%
• Rents YoY: 5.6%
• Active inventory: 291
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,904 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$201 /mo · $2,406/yr
• Insurance: −$91
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-2

Break-even live

Break-even rent $1,907

Max offer price $218,569

Occupancy floor 95%

Sensitivity live

Price	-10% $122	-5% $60	+0% $-2	+5% $-64	+10% $-126
Rent	-10% $-153	-5% $-78	+0% $-2	+5% $73	+10% $148
Rate	-1.0pp $108	-0.5pp $53	base $-2	+0.5pp $-59	+1.0pp $-117

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1710 University Ln #408 Cocoa, FL	2.0	2.0	864	$1,400	$1.62	15d	1	0.41mi
1704 University Ln #701 Cocoa, FL	2.0	2.0	864	$1,225	$1.42	24d	1	0.44mi
1524 Clearlake Rd Cocoa, FL	1.0–2.0	1.0	720	$1,822	$2.53	20d	6	0.53mi
1514 Clearlake Rd #110 Cocoa, FL	2.0	2.0	1070	$1,295	$1.21	24d	1	0.61mi
1660 Rosetine St Unit 1 Cocoa, FL	2.0	2.0	1200	$1,645	$1.37	20d	1	0.62mi
318 Lucerne Dr Cocoa, FL	3.0	1.0	1145	$1,700	$1.48	20d	1	0.69mi
312 Bellair Dr Cocoa, FL	2.0	1.0	984	$1,700	$1.73	24d	1	0.71mi
3070 Cirrus Dr Cocoa, FL	3.0	1.0–2.0	1002	$2,661	$2.66	14d	29	0.71mi
214 Lucerne Dr Unit 1381666P Cocoa, FL	3.0	1.0	1151	$3,539	$3.07	14d	1	0.76mi
1202 Princeton Rd Cocoa, FL	3.0	2.0	1473	$2,150	$1.46	24d	1	0.87mi
3028 Winchester Dr Cocoa, FL	3.0	2.0	1125	$1,915	$1.70	22d	1	0.89mi
1706 Pineda St Cocoa, FL	3.0	2.0	1020	$1,700	$1.67	24d	1	0.93mi
1711 Dixon Blvd Cocoa, FL	2.0	1.0	740	$1,262	$1.70	20d	2	1.27mi
1711 Dixon Blvd #246 Cocoa, FL	2.0	1.0	837	$1,350	$1.61	15d	1	1.28mi
1305 N Fiske Blvd Cocoa, FL	2.0	1.0	750	$1,275	$1.70	20d	1	1.44mi

Listing history 33 events

1. 2026-06-18
   days on market $219,000 Active 115 DOM
2. 2026-06-17
   days on market $219,000 Active 114 DOM
3. 2026-06-16
   days on market $219,000 Active 113 DOM
4. 2026-06-15
   days on market $219,000 Active 112 DOM
5. 2026-06-14
   days on market $219,000 Active 110 DOM
6. 2026-06-10
   days on market $219,000 Active 107 DOM
7. 2026-06-08
   days on market $219,000 Active 105 DOM
8. 2026-06-07
   days on market $219,000 Active 104 DOM
9. 2026-06-05
   days on market $219,000 Active 101 DOM
10. 2026-06-03
    days on market $219,000 Active 100 DOM
11. 2026-06-02
    days on market $219,000 Active 99 DOM
12. 2026-06-01
    days on market $219,000 Active 98 DOM
13. 2026-05-31
    days on market $219,000 Active 97 DOM
14. 2026-05-31
    days on market $219,000 Active 96 DOM
15. 2026-03-27
    price $219,000
16. 2026-02-23
    listed $239,000 Active
17. 2025-09-26
    historical 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

18. 2025-06-13
    price $249,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

19. 2025-06-11
    status Active 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

20. 2025-06-11
    price $220,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

21. 2025-05-04
    historical 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

22. 2025-03-26
    status Active 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

23. 2024-03-06
    historical 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

24. 2024-01-11
    historical Active Under Contract 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

25. 2023-12-11
    price $199,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

26. 2023-11-27
    price $209,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

27. 2023-10-26
    price $218,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

28. 2023-09-22
    price $228,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

29. 2023-09-11
    price $240,000 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

30. 2023-09-06
    listed $258,000 Active 210-char remark

    Show marketing remark (210 chars)

    4 Bedroom 2 Bath, 1,750 Sq Ft. - Concrete block single family home. Nice Area. Close to Travis Park Rec. Center, Cocoa High, EFSC, UCF Cocoa campus. All new ROOF and Electrical! HVAC good! New paint - exterior.

31. 1978-06-01
    soldstatus $29,000
32. 1977-12-01
    soldstatus $250,000
33. 1972-07-01
    soldstatus $132,000

ⓘ 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: $2,406 · $201/mo
• Projected year-2 tax: $2,406 · $201/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 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $22,849
• − Mortgage interest: −$12,267
• − Property taxes: −$2,406
• − Insurance: −$1,892
• − Repairs & maintenance: −$1,828
• − Management: −$1,828
• − Depreciation: −$6,371
• Taxable loss: −$3,744
• Est. tax savings @ 24.0%: +$898
• After-tax cash flow: $869/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 — Cocoa

• Score: 72/100
• State rank: #344
• US rank: #5979

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• City population: 67,424
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 23,505
• Household income: $70,735
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 782.0

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 (72%)
• Race & ethnicity: White 72% Black 11% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 5% · Canada, Vietnam, Jamaica
• Languages at home: 91% English-only · Spanish 6% Vietnamese 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: ▼ -68.32%
• Current HPI: 335.1251
• Rent YoY: ▲ 5.60%
• 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

+65.9% since first listed

19 events — show timeline

• 2026-03-27 Price Changed $219,000 SCMLS
• 2026-02-23 Listed $239,000 SCMLS
• 2025-09-26 Listing Removed — SCMLS
• 2025-06-13 Price Changed $249,000 SCMLS
• 2025-06-11 Relisted — SCMLS
• 2025-06-11 Price Changed $220,000 SCMLS
• 2025-05-04 Listing Removed — SCMLS
• 2025-03-26 Relisted — SCMLS
• 2024-03-06 Listing Removed — SCMLS
• 2024-01-11 Contingent — SCMLS
• 2023-12-11 Price Changed $199,000 SCMLS
• 2023-11-27 Price Changed $209,000 SCMLS
• 2023-10-26 Price Changed $218,000 SCMLS
• 2023-09-22 Price Changed $228,000 SCMLS
• 2023-09-11 Price Changed $240,000 SCMLS
• 2023-09-06 Listed $258,000 SCMLS
• 1978-06-01 Sold (Public Records) $29,000 Public Records
• 1977-12-01 Sold (Public Records) $250,000 Public Records
• 1972-07-01 Sold (Public Records) $132,000 Public Records

Property tax history

+13.2%/yr

Latest (2025): $2,406 · -8.6% YoY. Source: county tax records.