940 Allendale St · Titusville, FL 32796

$219,900

3 bd · 1.0 ba · 1,066 sqft · SingleFamily public records · 112 Days on market

Built 1964 6,098 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 +12.1/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +3.6/10.0
• 1% rule +3.3/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

Key facts

• Spacious yard
• Outdoor recreation
• Covered carport

Tags

• TILE FLOORING
• SPACIOUS YARD
• COVERED CARPORT
• EASY ACCESS TO LOCAL AMENITIES
• OUTDOOR RECREATION

Property features AI

Exterior

• Parking: Attached 1-car carport
• Utilities: Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence
• Construction: Concrete and stucco construction
• Exterior features: Lot features: Other; Faces east

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating; Central air conditioning
• Interior features: Dishwasher; Electric range; Refrigerator
• Laundry & utility: Unfurnished (no built-in laundry specified)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-50 ($-595/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (4.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (16.9% below list).
• Recommended offer: $183k (16.9% below list) — sets the bar for 1% rule.

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: Oak Park Elementary School (math 36% / reading 37%, grade F, #1,656 of 2,144 statewide, top 78%, 501 students, 74% FRL); James Madison Middle School (math 39% / reading 39%, grade F, #381 of 571 statewide, top 67%, 446 students, 65% FRL); Astronaut High School (math 25% / reading 43%, grade F, #394 of 667 statewide, top 60%, 1,112 students, 51% FRL) — zoned schools average 63% FRL vs 43% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 55% district-wide (-18 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; 256 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 ($67k/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 112 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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 $189k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,677 (16.9% 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 112 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.83% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.97%
• DSCR: 0.96
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.59% rent growth · sell at horizon

5-year hold

• IRR: -20.6%
• Equity multiple: 0.30×
• Total profit: $-43,106
• Equity at exit: $32,788

10-year hold

• IRR: -20.2%
• Equity multiple: 0.05×
• Total profit: $-58,472
• Equity at exit: $19,013

Cash invested: $61,572 (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 32796

• Rents YoY: 0.6%
• Active inventory: 256
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,827 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$248 /mo · $2,975/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-50

Break-even live

Break-even rent $1,890

Max offer price $211,140

Occupancy floor 98%

Sensitivity live

Price	-10% $75	-5% $13	+0% $-50	+5% $-112	+10% $-174
Rent	-10% $-194	-5% $-122	+0% $-50	+5% $23	+10% $95
Rate	-1.0pp $61	-0.5pp $6	base $-50	+0.5pp $-107	+1.0pp $-165

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
955 N Carpenter Rd Titusville, FL	3.0	1.0	816	$1,550	$1.90	21d	1	0.07mi
3960 Barcelona St Titusville, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.71mi
609 Ward Ave Titusville, FL	3.0	2.0	1200	$1,950	$1.62	24d	1	0.73mi
1539 Lafayette Ave Titusville, FL	3.0	2.0	1457	$2,260	$1.55	14d	1	0.78mi
1580 Liberty Tree Rd Titusville, FL	3.0	2.0	1458	$2,145	$1.47	14d	1	0.90mi
292 W Towne Pl Titusville, FL	2.0	2.5	1242	$1,450	$1.17	14d	1	1.07mi
265 W Towne Pl Titusville, FL	2.0	1.0	1128	$1,650	$1.46	24d	1	1.10mi
965 N Singleton Ave Titusville, FL	3.0	2.0	1493	$2,250	$1.51	19d	1	1.19mi
583 Gardenia Cir Titusville, FL	3.0	2.0	1120	$1,800	$1.61	24d	1	1.19mi
2745 Starlight Dr Titusville, FL	3.0	2.0	1232	$1,800	$1.46	24d	1	1.36mi
1105 Morse Ave Titusville, FL	3.0	2.0	1218	$1,995	$1.64	24d	1	1.48mi

Listing history 36 events

1. 2026-06-18
   days on market $219,900 Active 112 DOM
2. 2026-06-17
   days on market $219,900 Active 111 DOM
3. 2026-06-16
   days on market $219,900 Active 110 DOM
4. 2026-06-15
   days on market $219,900 Active 109 DOM
5. 2026-06-14
   days on market $219,900 Active 107 DOM
6. 2026-06-10
   days on market $219,900 Active 104 DOM
7. 2026-06-08
   days on market $219,900 Active 102 DOM
8. 2026-06-07
   days on market $219,900 Active 101 DOM
9. 2026-06-05
   days on market $219,900 Active 98 DOM
10. 2026-06-03
    days on market $219,900 Active 97 DOM
11. 2026-06-02
    days on market $219,900 Active 96 DOM
12. 2026-06-01
    days on market $219,900 Active 95 DOM
13. 2026-05-31
    days on market $219,900 Active 94 DOM
14. 2026-05-31
    days on market $219,900 Active 93 DOM
15. 2026-04-23
    price $219,900
16. 2026-02-26
    listed $224,900 Active
17. 2023-03-21
    soldstatus $189,000 Closed 470-char remark

    Show marketing remark (470 chars)

    This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

18. 2023-03-21
    soldstatus $189,000

    Show marketing remark (470 chars)

    This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

19. 2023-02-19
    historical Contingent 470-char remark

    Show marketing remark (470 chars)

    This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

20. 2023-02-14
    price $189,000 470-char remark

    Show marketing remark (470 chars)

    This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

21. 2023-02-01
    listed $190,500 Active 470-char remark

    Show marketing remark (470 chars)

    This cute affordable 3 bedroom 2 bath home has neutral tile floors throughout & the kitchen has been updated in the past 6 years. There is a tub shower combo in the hall bath and a walk-in shower in the mater bedroom. Sliding glass doors lead to the back yard and there is a laundry room behind the carport which houses the hot water heater, washer, dryer and electrical panel. Recent exterior and interior paint make this a nice clean home in move-in condition.

22. 2017-04-24
    soldstatus $81,000
23. 2017-03-31
    soldstatus $69,000 73-char remark

    Show marketing remark (73 chars)

    Section 8 rental with a very clean tenant w/ lease thru end of April 2017

24. 2017-03-31
    soldstatus $69,000

    Show marketing remark (73 chars)

    Section 8 rental with a very clean tenant w/ lease thru end of April 2017

25. 2016-09-26
    listed $79,000 73-char remark

    Show marketing remark (73 chars)

    Section 8 rental with a very clean tenant w/ lease thru end of April 2017

26. 2016-08-16
    historical
27. 2014-05-16
    soldstatus $28,900
28. 2013-12-02
    listed $29,900
29. 2008-01-31
    listed $35,000
30. 2005-09-12
    soldstatus $107,000
31. 2005-08-12
    soldstatus $107,000
32. 2005-04-26
    listed $112,500
33. 1993-12-27
    soldstatus $44,000
34. 1988-11-01
    soldstatus $33,000
35. 1988-06-01
    soldstatus $44,900
36. 1971-11-01
    soldstatus $13,100

ⓘ 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: $2,975 · $248/mo
• Projected year-2 tax: $2,975 · $248/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,921
• − Mortgage interest: −$12,318
• − Property taxes: −$2,975
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,754
• − Management: −$1,754
• − Depreciation: −$6,397
• Taxable loss: −$4,376
• Est. tax savings @ 24.0%: +$1,050
• After-tax cash flow: $455/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 — 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): 20,222
• Household income: $67,491
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 403.0

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 (81%)
• Race & ethnicity: White 81% Black 8% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 3% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▼ -172.25%
• Current HPI: 303.5534
• Rent YoY: ▲ 0.59%
• 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

+1578.6% since first listed

22 events — show timeline

• 2026-04-23 Price Changed $219,900 SCMLS
• 2026-02-26 Listed $224,900 SCMLS
• 2023-03-21 Sold (Public Records) $189,000 Public Records
• 2023-03-21 Sold (MLS) $189,000 SCMLS
• 2023-02-19 Contingent — SCMLS
• 2023-02-14 Price Changed $189,000 SCMLS
• 2023-02-01 Listed $190,500 SCMLS
• 2017-04-24 Sold (Public Records) $81,000 Public Records
• 2017-03-31 Sold (Public Records) $69,000 Public Records
• 2017-03-31 Sold (MLS) $69,000 SCMLS
• 2016-09-26 Listed $79,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2014-05-16 Sold (MLS) $28,900 SCMLS
• 2013-12-02 Listed $29,900 SCMLS
• 2008-01-31 Listed $35,000 SCMLS
• 2005-09-12 Sold (MLS) $107,000 SCMLS
• 2005-08-12 Sold (Public Records) $107,000 Public Records
• 2005-04-26 Listed $112,500 SCMLS
• 1993-12-27 Sold (Public Records) $44,000 Public Records
• 1988-11-01 Sold (Public Records) $33,000 Public Records
• 1988-06-01 Sold (Public Records) $44,900 Public Records
• 1971-11-01 Sold (Public Records) $13,100 Public Records

Property tax history

+10.1%/yr

Latest (2025): $2,975 · +2.1% YoY. Source: county tax records.