5 Annette Dr · June Park, FL 32904

$209,000

3 bd · 2.0 ba · 1,067 sqft · Manufactured · 30 Days on market

Built 2025 0.26 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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Schools +4.7/10.0
• 1% rule +4.3/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

.26 of an acre cleared and ready for your mobile/ manufactured or stick built home. Best of all, there is NO HOA since it's not in a park. You own the land. Property dimensions are 75' wide by 150' deep. No wetlands and not located in a flood zone. Impact fees are already paid. City water & sewer hookup. Electric hookup. driveway and concrete slab for a shed. Walking distance to shopping and restaurants. Two minutes to I-95.

Key facts

• Open layout
• Durable finishes
• Private bathroom

Tags

• OPEN LAYOUT
• MODERN KITCHEN
• PRIVATE BATHROOM
• GENEROUS CLOSET SPACE
• ENERGY EFFICIENT CONSTRUCTION
• DURABLE FINISHES

Property features AI

Exterior

• Parking: Off-street parking; RV access/parking
• Utilities: Public sewer; Water connected; Electricity connected; Cable available; Sewer connected
• Home design: Manufactured home; Single-story; South-facing
• Construction: Frame construction with vinyl siding; Shingle roof; Pets allowed
• Exterior features: Back yard fencing; Cleared lot; Paved city street frontage

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Open floor plan; Primary bathroom with shower (no tub); Split bedroom layout
• Laundry & utility: In-unit laundry with washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $209k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (7.1% below list).
• Recommended offer: $194k (7.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#306 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: amenities F, commute F, health & safety 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: Meadowlane Primary Elementary School (650 students, 47% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: Rents soft (-0.3%/yr); 304 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $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 30 days — a 2% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $209k implies a 318% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $194,253 (7.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 0.93% ✗
• Cap rate: 8.06%
• Cash-on-cash: 6.32%
• DSCR: 1.28
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.66×
• Total profit: $-20,037
• Equity at exit: $31,163

10-year hold

• IRR: -4.3%
• Equity multiple: 0.75×
• Total profit: $-14,600
• Equity at exit: $18,071

Cash invested: $58,520 (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 32904

• Rents YoY: -0.3%
• Active inventory: 304
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,943 high
• Mortgage (P&I): −$1,096
• Tax from tax record: −$43 /mo · $520/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $308

Break-even live

Break-even rent $1,552

Max offer price $209,000

Occupancy floor 79%

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
325 Lago Cir West Melbourne, FL	1.0–3.0	1.0–2.0	954	$1,998	$2.09	13d	28	0.33mi
338 Elm St Melbourne, FL	2.0	1.0	992	$1,400	$1.41	14d	1	0.62mi
220 Belgian Dr Melbourne, FL	1.0–3.0	1.0–2.0	1104	$2,022	$1.83	1d	37	0.69mi
9045 York Ln Unit 15E Melbourne, FL	3.0	2.0	1320	$1,900	$1.44	23d	1	0.84mi
605 Saint Albans Ct Unit 18H Melbourne, FL	2.0	2.0	1182	$1,700	$1.44	23d	1	0.87mi
9032 Manchester Ln Unit 23C Melbourne, FL	2.0	2.0	938	$1,700	$1.81	23d	1	0.87mi
7670 Greenboro Dr Melbourne, FL	1.0–3.0	1.0–2.0	1002	$1,875	$1.87	14d	13	1.21mi
2114 Nebula Way West Melbourne, FL	1.0–2.0	1.0–2.0	982	$2,031	$2.07	13d	15	1.34mi
122 Laurel Oak St West Melbourne, FL	2.0	1.0	1008	$1,450	$1.44	23d	1	1.35mi
2824 Coleman Ct Melbourne Village, FL	2.0	2.0	1200	$1,600	$1.33	23d	1	1.46mi

Listing history 28 events

1. 2026-06-18
   days on market $209,000 Active 30 DOM
2. 2026-06-17
   days on market $209,000 Active 29 DOM
3. 2026-06-16
   days on market $209,000 Active 28 DOM
4. 2026-06-15
   days on market $209,000 Active 27 DOM
5. 2026-06-14
   days on market $209,000 Active 25 DOM
6. 2026-06-10
   days on market $209,000 Active 22 DOM
7. 2026-06-08
   days on market $209,000 Active 20 DOM
8. 2026-06-07
   days on market $209,000 Active 19 DOM
9. 2026-06-05
   pricedays on market $209,000 Active 16 DOM
10. 2026-06-03
    days on market $229,000 Active 15 DOM
11. 2026-06-02
    days on market $229,000 Active 14 DOM
12. 2026-06-01
    days on market $229,000 Active 13 DOM
13. 2026-05-31
    days on market $229,000 Active 12 DOM
14. 2026-05-31
    days on market $229,000 Active 11 DOM
15. 2026-05-19
    listed $229,000 Active
16. 2023-11-22
    soldstatus $50,000
17. 2022-02-08
    soldstatus $37,500 Closed 434-char remark

    Show marketing remark (434 chars)

    .26 of an acre cleared and ready for your mobile/ manufactured or stick built home. Best of all, there is NO HOA since it's not in a park. You own the land. Property dimensions are 75' wide by 150' deep. No wetlands and not located in a flood zone. Impact fees are already paid. City water & sewer hookup. Electric hookup. driveway and concrete slab for a shed. Walking distance to shopping and restaurants. Two minutes to I-95.

18. 2022-01-20
    status Pending 434-char remark

    Show marketing remark (434 chars)

    .26 of an acre cleared and ready for your mobile/ manufactured or stick built home. Best of all, there is NO HOA since it's not in a park. You own the land. Property dimensions are 75' wide by 150' deep. No wetlands and not located in a flood zone. Impact fees are already paid. City water & sewer hookup. Electric hookup. driveway and concrete slab for a shed. Walking distance to shopping and restaurants. Two minutes to I-95.

19. 2022-01-13
    listed $44,000 Active 434-char remark

    Show marketing remark (434 chars)

    .26 of an acre cleared and ready for your mobile/ manufactured or stick built home. Best of all, there is NO HOA since it's not in a park. You own the land. Property dimensions are 75' wide by 150' deep. No wetlands and not located in a flood zone. Impact fees are already paid. City water & sewer hookup. Electric hookup. driveway and concrete slab for a shed. Walking distance to shopping and restaurants. Two minutes to I-95.

20. 2016-08-16
    historical 174-char remark

    Show marketing remark (174 chars)

    Manufactured home or build a regular home. City water, sewer impact fees paid. Existing pad and storage shed on site. Off Hwy. 192 between I95 and Wickham Road, third lot in.

21. 2014-05-20
    soldstatus $26,000
22. 2010-03-15
    listed $24,900 174-char remark

    Show marketing remark (174 chars)

    Manufactured home or build a regular home. City water, sewer impact fees paid. Existing pad and storage shed on site. Off Hwy. 192 between I95 and Wickham Road, third lot in.

23. 2001-04-05
    soldstatus $47,500
24. 1994-04-18
    soldstatus $40,000
25. 1993-07-26
    soldstatus $43,500
26. 1979-02-01
    soldstatus $32,000
27. 1977-12-01
    soldstatus $295,000
28. 1977-11-01
    soldstatus $30,000

ⓘ 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: $520 · $43/mo
• Projected year-2 tax: $1,735 · $145/mo
• Expected delta: +$1,215/yr (+$101/mo · 233.6%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $23,310
• − Mortgage interest: −$11,707
• − Property taxes: −$520
• − Insurance: −$1,045
• − Repairs & maintenance: −$1,865
• − Management: −$1,865
• − Depreciation: −$6,080
• Taxable income: $228
• Est. tax owed @ 24.0%: −$55
• After-tax cash flow: $3,643/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 — June Park

• Score: 73/100
• State rank: #306
• US rank: #5177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: June Park, FL
• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 37,241
• Household income: $90,673
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 597.0

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% Hispanic / Latino 14% Two or more races 10% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 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: ▼ -195.98%
• Current HPI: 304.2546
• Rent YoY: ▼ -0.32%
• 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

+663.3% since first listed

14 events — show timeline

• 2026-05-19 Listed $229,000 SCMLS
• 2023-11-22 Sold (Public Records) $50,000 Public Records
• 2022-02-08 Sold (MLS) $37,500 SCMLS
• 2022-01-20 Pending — SCMLS
• 2022-01-13 Listed $44,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2014-05-20 Sold (Public Records) $26,000 Public Records
• 2010-03-15 Listed $24,900 SCMLS
• 2001-04-05 Sold (Public Records) $47,500 Public Records
• 1994-04-18 Sold (Public Records) $40,000 Public Records
• 1993-07-26 Sold (Public Records) $43,500 Public Records
• 1979-02-01 Sold (Public Records) $32,000 Public Records
• 1977-12-01 Sold (Public Records) $295,000 Public Records
• 1977-11-01 Sold (Public Records) $30,000 Public Records

Property tax history

+11.8%/yr

Latest (2025): $520 · +7.3% YoY. Source: county tax records.