355 Pine Ave · Cocoa West, FL 32922

$179,000

3 bd · 1.0 ba · 965 sqft · SingleFamily public records · 35 Days on market

Built 1956 0.35 ac 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
• DSCR +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity! With a little TLC this home could be a diamond in the rough! This vintage home features 3 bedrooms and 2 bathrooms with over 1100 sqft of living space. Tax rolls do not reflect prior additions. There is plenty of room for expansion as this home sits on 0.35 acres, with part of the property being fenced. Other features include open floor plan, NEW ROOF 2019, upgraded guest bathroom, original wood floors, new carpet in master bedroom, and granite countertops in the kitchen. This home is just minutes from I-95 and Eastern Florida College. Come get this one before it's gone!

Key facts

• Screened front porch
• Bonus storage room
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• SPACIOUS KITCHEN
• BONUS STORAGE ROOM
• FULLY FENCED BACKYARD
• SCREENED FRONT PORCH
• REAR PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $-38 ($-452/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (20.1% below list).
• Recommended offer: $143k (20.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#481 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F, employment 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: Endeavour Elementary School (math 15% / reading 20%, grade F, #2,117 of 2,144 statewide, top 99%, 717 students, 72% FRL); Cocoa High School (math 21% / reading 27%, grade F, #529 of 667 statewide, top 80%, 1,551 students, 73% FRL) — zoned schools average 72% FRL vs 43% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 21% at this address vs 55% district-wide (-34 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 (+4.1%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 39% of the median local income ($44k/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 $1k of loan paydown is wiped out by about $5k 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 35 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $26k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $179k implies a 111% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $142,962 (20.1% 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 35 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 0.80% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.90%
• DSCR: 0.96
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.13% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-29,783
• Equity at exit: $26,689

10-year hold

• IRR: -6.6%
• Equity multiple: 0.56×
• Total profit: $-22,209
• Equity at exit: $15,477

Cash invested: $50,120 (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 32922

• Home prices YoY: -20.3%
• Rents YoY: 4.1%
• Active inventory: 167
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,430 high
• Mortgage (P&I): −$939
• Tax from tax record: −$154 /mo · $1,845/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $-38

Break-even live

Break-even rent $1,477

Max offer price $172,346

Occupancy floor 98%

Sensitivity live

Price	-10% $64	-5% $13	+0% $-38	+5% $-88	+10% $-139
Rent	-10% $-151	-5% $-94	+0% $-38	+5% $19	+10% $75
Rate	-1.0pp $52	-0.5pp $8	base $-38	+0.5pp $-84	+1.0pp $-131

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
330 Palm Ave Unit PAL332 Cocoa, FL	2.0	1.0	700	$1,200	$1.71	24d	1	0.09mi
302 Palm Ave Cocoa, FL	2.0	1.0	820	$1,600	$1.95	15d	1	0.17mi
317 Pineda St Unit B Cocoa, FL	2.0	1.0	984	$1,200	$1.22	15d	1	0.20mi
1616 Terrace St Cocoa, FL	3.0	2.0	850	$1,600	$1.88	24d	1	0.38mi
1515 Peachtree St Cocoa, FL	3.0	2.0	1056	$1,475	$1.40	24d	1	0.46mi
800 N Fiske Blvd Cocoa, FL	1.0–2.0	1.0	850	$1,200	$1.41	24d	2	0.64mi
1010 N Fiske Blvd Cocoa, FL	2.0	1.0–1.5	750	$1,275	$1.70	15d	8	0.65mi
647 School St Cocoa, FL	2.0	1.0	844	$1,495	$1.77	24d	1	0.67mi
1050 N Fiske Blvd Cocoa, FL	1.0–2.0	1.0	708	$1,200	$1.69	24d	2	0.72mi
1050 N Fiske Blvd #406 Cocoa, FL	2.0	1.0	816	$1,200	$1.47	19d	1	0.72mi
1711 Dixon Blvd Cocoa, FL	2.0	1.0	740	$1,262	$1.70	19d	2	0.78mi
1711 Dixon Blvd #246 Cocoa, FL	2.0	1.0	837	$1,350	$1.61	15d	1	0.80mi
1341 W Point Dr Unit 7 Cocoa, FL	2.0	1.0	543	$1,000	$1.84	24d	1	0.80mi
1341 W Point Dr Unit 1 Cocoa, FL	2.0	1.0	543	$1,150	$2.12	24d	1	0.80mi
1341 W Point Dr Unit 4 Cocoa, FL	2.0	1.0	543	$850	$1.57	15d	1	0.80mi
1341 W Point Dr Unit 3 Cocoa, FL	2.0	1.0	543	$1,050	$1.93	24d	1	0.80mi
1343 W Point Dr Apt 1 Cocoa, FL	2.0	1.0	543	$1,000	$1.84	24d	1	0.81mi
1717 Dixon Blvd #91 Cocoa, FL	2.0	1.0	661	$1,150	$1.74	24d	1	0.83mi
1723 Dixon Blvd #11 Cocoa, FL	2.0	1.0	621	$1,150	$1.85	15d	1	0.86mi
616 S Kentucky Ave Cocoa, FL	3.0	1.0	960	$1,600	$1.67	19d	1	0.89mi
1305 N Fiske Blvd Cocoa, FL	2.0	1.0	750	$1,275	$1.70	19d	1	0.92mi
118 Olive St Cocoa, FL	2.0	1.0	933	$1,350	$1.45	24d	1	1.01mi
412 Country Lane Dr Cocoa, FL	2.0	1.0	816	$1,300	$1.59	15d	1	1.04mi
802 Forrest Ave Unit B Cocoa, FL	2.0	1.0	1000	$1,500	$1.50	24d	1	1.09mi
439 Barbara Jenkins St Unit A Cocoa, FL	2.0	1.0	620	$1,250	$2.02	15d	1	1.09mi
19 Highland St Cocoa, FL	2.0	1.0	728	$1,600	$2.20	24d	1	1.14mi
2449 Mercury Dr Cocoa, FL	2.0	2.0	984	$1,650	$1.68	21d	1	1.16mi
14 Carmalt St Unit CSB105 Cocoa, FL	2.0	1.0	1000	$1,300	$1.30	24d	1	1.16mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	24d	1	1.18mi
613 Paw Paw St Apt A Cocoa, FL	2.0	1.0	1104	$1,175	$1.06	24d	1	1.18mi
613 Paw Paw St Cocoa, FL	2.0	1.0	552	$1,050	$1.90	24d	1	1.18mi
301 Forrest Ave Cocoa, FL	2.0	1.0–2.0	619	$1,699	$2.74	24d	5	1.18mi
808 Johnson St Cocoa, FL	2.0	1.0	540	$1,095	$2.03	24d	1	1.19mi
1706 Pineda St Cocoa, FL	3.0	2.0	1020	$1,700	$1.67	24d	1	1.21mi
2467 Mercury Dr Cocoa, FL	2.0	1.5	814	$1,400	$1.72	24d	1	1.21mi
739 Lunar Lake Cir Cocoa, FL	2.0	1.0	814	$1,100	$1.35	24d	1	1.22mi
11 Parkway St Cocoa, FL	2.0	1.0	690	$1,700	$2.46	24d	1	1.22mi
801 Washington St Unit A Cocoa, FL	3.0	1.5	1000	$1,760	$1.76	24d	1	1.25mi
801 Washington St Unit B Cocoa, FL	2.0	1.0	700	$1,290	$1.84	24d	1	1.25mi
240 Stone St Unit 7 Cocoa, FL	2.0	1.0	660	$925	$1.40	24d	1	1.29mi

Listing history 16 events

1. 2026-06-18
   days on market $179,000 Active 35 DOM
2. 2026-06-17
   days on market $179,000 Active 34 DOM
3. 2026-06-16
   status $179,000 Active 33 DOM
4. 2026-04-18
   status Pending
5. 2026-04-09
   price $179,000
6. 2026-03-24
   price $192,000
7. 2026-03-12
   listed $205,000 Active
8. 2019-12-03
   soldstatus $85,000
9. 2019-12-02
   soldstatus $85,000 607-char remark

   Show marketing remark (607 chars)

   Great investment opportunity! With a little TLC this home could be a diamond in the rough! This vintage home features 3 bedrooms and 2 bathrooms with over 1100 sqft of living space. Tax rolls do not reflect prior additions. There is plenty of room for expansion as this home sits on 0.35 acres, with part of the property being fenced. Other features include open floor plan, NEW ROOF 2019, upgraded guest bathroom, original wood floors, new carpet in master bedroom, and granite countertops in the kitchen. This home is just minutes from I-95 and Eastern Florida College. Come get this one before it's gone!

10. 2019-08-30
    listed $92,000 607-char remark

    Show marketing remark (607 chars)

    Great investment opportunity! With a little TLC this home could be a diamond in the rough! This vintage home features 3 bedrooms and 2 bathrooms with over 1100 sqft of living space. Tax rolls do not reflect prior additions. There is plenty of room for expansion as this home sits on 0.35 acres, with part of the property being fenced. Other features include open floor plan, NEW ROOF 2019, upgraded guest bathroom, original wood floors, new carpet in master bedroom, and granite countertops in the kitchen. This home is just minutes from I-95 and Eastern Florida College. Come get this one before it's gone!

11. 2019-05-09
    historical 606-char remark

    Show marketing remark (606 chars)

    Great investment opportunity! With a little TLC this home could be a diamond in the rough! This vintage home features 3 bedrooms and 2 bathrooms with over 1100 sqft of living space. Tax rolls do not reflect prior additions. There is plenty of room for expansion as this home sits on 0.35 acres, with part of the property being fenced. Other features include open floor plan, newer roof, upgraded guest bathroom, original wood floors, new carpet in master bedroom, and granite countertops in the kitchen. This home is just minutes from I-95 and Eastern Florida College. Come get this one before it's gone!

12. 2018-12-04
    listed $92,000 606-char remark

    Show marketing remark (606 chars)

    Great investment opportunity! With a little TLC this home could be a diamond in the rough! This vintage home features 3 bedrooms and 2 bathrooms with over 1100 sqft of living space. Tax rolls do not reflect prior additions. There is plenty of room for expansion as this home sits on 0.35 acres, with part of the property being fenced. Other features include open floor plan, newer roof, upgraded guest bathroom, original wood floors, new carpet in master bedroom, and granite countertops in the kitchen. This home is just minutes from I-95 and Eastern Florida College. Come get this one before it's gone!

13. 2005-08-04
    soldstatus $94,000
14. 2005-07-21
    soldstatus $94,000
15. 2005-05-26
    listed $89,900
16. 2005-05-24
    soldstatus $65,000

ⓘ 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: $1,845 · $154/mo
• Projected year-2 tax: $1,845 · $154/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 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: $17,155
• − Mortgage interest: −$10,027
• − Property taxes: −$1,845
• − Insurance: −$895
• − Repairs & maintenance: −$1,372
• − Management: −$1,372
• − Depreciation: −$5,207
• Taxable loss: −$3,564
• Est. tax savings @ 24.0%: +$855
• After-tax cash flow: $403/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 West

• Score: 69/100
• State rank: #481
• US rank: #8792

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cocoa West, FL
• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 14,700
• Household income: $44,469
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1007.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 45% Black 29% Hispanic / Latino 21% Two or more races 12%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1% Cuban 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 81% English-only · Spanish 16% German/W. Germanic 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: ▼ -68.95%
• Current HPI: 271.1139
• Rent YoY: ▲ 4.13%
• 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

+175.4% since first listed

13 events — show timeline

• 2026-04-18 Pending — SCMLS
• 2026-04-09 Price Changed $179,000 SCMLS
• 2026-03-24 Price Changed $192,000 SCMLS
• 2026-03-12 Listed $205,000 SCMLS
• 2019-12-03 Sold (Public Records) $85,000 Public Records
• 2019-12-02 Sold (MLS) $85,000 SCMLS
• 2019-08-30 Listed $92,000 SCMLS
• 2019-05-09 Listing Removed — SCMLS
• 2018-12-04 Listed $92,000 SCMLS
• 2005-08-04 Sold (Public Records) $94,000 Public Records
• 2005-07-21 Sold (MLS) $94,000 SCMLS
• 2005-05-26 Listed $89,900 SCMLS
• 2005-05-24 Sold (Public Records) $65,000 Public Records

Property tax history

+16.5%/yr

Latest (2025): $1,845 · +6.5% YoY. Source: county tax records.