2796 Glory Cir · Melbourne Beach, FL 32951

$335,000

2 bd · 2.0 ba · 949 sqft · Manufactured public records · 18 Days on market

Built 2010

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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 +13.1/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

Key facts

• Waterfront views
• Deeded beach access
• Quiet corner lot

Tags

• WATERFRONT VIEWS
• DEEDED BEACH ACCESS
• QUIET CORNER LOT
• BOAT SPACE
• KAYAK SPACE
• WELL-KEPT COMMUNITY

Property features AI

Finance

• Other: Furnished; Located in a senior community
• HOA & community: Association present (A1A Condominium Association); Monthly association fee of $325; Association amenities include barbecue, boat launch, clubhouse, grounds maintenance, full-time management, shuffleboard court

Exterior

• Parking: Attached 1-car carport
• Utilities: Public sewer; Cable connected; Electricity connected
• Home design: Double wide mobile home; One story; Faces west
• Construction: Built with frame construction and vinyl siding
• Exterior features: Corner lot; Asphalt road access; Riverfront with Indian River access

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Ice maker; Breakfast bar
• Bedrooms: 2 bedrooms (all on the first floor)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central electric air conditioning
• Interior features: Breakfast bar; Ceiling fans; Open floor plan; Primary bathroom with shower (no tub); Vaulted ceilings; 7 total rooms (living room, kitchen, dining room plus additional rooms)
• Laundry & utility: In-unit washer and dryer; Electric water heater; Tankless water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $335k.

Deal economics

• At list price, monthly cash flow is $-76 ($-910/yr) — negative.
• To cash-flow at today's rent, offer at most $322k (4.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (21.8% below list).
• Recommended offer: $262k (21.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#249 in FL, #3,935 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, employment B+; Watch: amenities F, commute F, cost of living 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: Gemini Elementary School (math 80% / reading 79%, grade A, #116 of 2,144 statewide, top 6%, 468 students, 20% FRL); Herbert C. Hoover Middle School (math 67% / reading 64%, grade A-, #95 of 571 statewide, top 17%, 506 students, 38% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL).
• Market conditions: 218 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• This rent runs 32% of the median local income ($98k/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 $10k 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 18 days — a 2% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 9y 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 $162k; list at $335k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $261,871 (21.8% 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's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
5. 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?
6. 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.
7. 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.
8. 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: 0.78% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.12%
• DSCR: 0.99
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-59,177
• Equity at exit: $49,950

10-year hold

• IRR: -10.1%
• Equity multiple: 0.38×
• Total profit: $-58,012
• Equity at exit: $28,965

Cash invested: $93,800 (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 32951

• Active inventory: 218
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,619 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$182 /mo · $2,181/yr
• Insurance: −$140
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$550
• Net cashflow: $-76

Break-even live

Break-even rent $2,715

Max offer price $321,610

Occupancy floor 98%

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
130 Richards Rd Melbourne Beach, FL	2.0	1.0	770	$2,000	$2.60	21d	1	0.87mi
3230 Sand Dunes Ct Melbourne Beach, FL	2.0	2.0	923	$3,000	$3.25	23d	1	1.04mi
3256 Sea Oats Cir Melbourne Beach, FL	2.0	2.0	923	$2,600	$2.82	23d	1	1.06mi
3261 Beach View Way Melbourne Beach, FL	3.0	2.0	1099	$2,200	$2.00	14d	1	1.15mi

Listing history 40 events

1. 2026-06-18
   days on market $335,000 Active 18 DOM
2. 2026-06-17
   days on market $335,000 Active 17 DOM
3. 2026-06-16
   days on market $335,000 Active 16 DOM
4. 2026-06-15
   days on market $335,000 Active 15 DOM
5. 2026-06-14
   days on market $335,000 Active 13 DOM
6. 2026-06-10
   days on market $335,000 Active 10 DOM
7. 2026-06-08
   days on market $335,000 Active 8 DOM
8. 2026-06-07
   days on market $335,000 Active 7 DOM
9. 2026-06-05
   days on market $335,000 Active 4 DOM
10. 2026-06-03
    days on market $335,000 Active 3 DOM
11. 2026-06-02
    days on market $335,000 Active 2 DOM
12. 2026-06-01
    days on marketlisting id $335,000 Active 1 DOM
13. 2026-05-02
    historical $2,000
14. 2026-05-02
    listed $335,000 Active
15. 2026-04-26
    price $2,000
16. 2026-04-07
    price $2,100
17. 2026-03-26
    listed $2,200
18. 2026-02-01
    historical $2,500
19. 2026-01-16
    price $2,500
20. 2025-12-19
    listed $2,800
21. 2025-12-02
    historical $2,300
22. 2025-11-27
    price $2,300
23. 2025-11-25
    price $2,800
24. 2025-11-11
    listed $2,300
25. 2020-06-16
    soldstatus $162,000
26. 2020-06-15
    soldstatus $162,000 Closed 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

27. 2020-05-21
    status Pending 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

28. 2020-04-26
    historical Contingent 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

29. 2020-04-26
    status Active 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

30. 2020-03-30
    historical 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

31. 2020-01-14
    listed $165,000 Active 626-char remark

    Show marketing remark (626 chars)

    Breath-taking/ direct Indian River front unit! Totally turn key double-wide mobile home in sought-after, A1A Condo Park. 55+ Community in Melbourne Beach, FL. You own your land! 2 BR/2BA, sun room, new laminate flooring throughout, new A/C, plumbing, strapping, stunning kitchen, with new appliances and cabinetry. Full size washer & dryer. Bimini awnings. Outdoor shed. Pavers. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access! One of the best lots/views in the entire park. HOA fees only $225/month & include cable/internet & water. A must-see unit. Remember. .. YOU OWN THE LAND!

32. 2019-02-27
    soldstatus $135,000
33. 2019-02-25
    soldstatus $135,000 369-char remark

    Show marketing remark (369 chars)

    Breath-taking views of Indian River in this beautiful double-wide mobile home in sought-after, A1A Condo Park in Melbourne Beach, FL. Why? Because you own the land! 2 BR/2BA, New Laminate Flooring, New A/C, New Plumbing, Strapping, Updated kitchen & New Appliances, and Bimini Awnings. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access!

34. 2019-01-03
    listed $150,000 369-char remark

    Show marketing remark (369 chars)

    Breath-taking views of Indian River in this beautiful double-wide mobile home in sought-after, A1A Condo Park in Melbourne Beach, FL. Why? Because you own the land! 2 BR/2BA, New Laminate Flooring, New A/C, New Plumbing, Strapping, Updated kitchen & New Appliances, and Bimini Awnings. Community Pool, Clubhouse, Pavilion, Boat Ramp & Deeded Ocean Access!

35. 2017-12-07
    soldstatus $98,000
36. 2017-12-01
    soldstatus $98,000
37. 2017-09-23
    listed $108,000
38. 2000-09-29
    soldstatus $84,000
39. 1990-02-01
    soldstatus $30,000
40. 1985-07-01
    soldstatus $12,600

ⓘ 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: $2,181 · $182/mo
• Projected year-2 tax: $2,780 · $232/mo
• Expected delta: +$599/yr (+$50/mo · 27.5%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥104°F today · 18 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: $31,425
• − Mortgage interest: −$18,765
• − Property taxes: −$2,181
• − Insurance: −$2,472
• − Repairs & maintenance: −$2,514
• − Management: −$2,514
• − Depreciation: −$9,745
• Taxable loss: −$6,768
• Est. tax savings @ 24.0%: +$1,624
• After-tax cash flow: $715/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 — Melbourne Beach

• Score: 75/100
• State rank: #249
• US rank: #3935

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• City population: 11,299
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 11,299
• Household income: $98,420
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 196.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 6% Slovak 3% Lithuanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -209.56%
• Current HPI: 379.9073
• Rent YoY: —
• 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

-84.1% since first listed

28 events — show timeline

• 2026-05-02 Rental Removed $2,000 SCMLS
• 2026-05-02 Listed $335,000 SCMLS
• 2026-04-26 Price Changed $2,000 SCMLS
• 2026-04-07 Price Changed $2,100 SCMLS
• 2026-03-26 Listed for Rent $2,200 SCMLS
• 2026-02-01 Rental Removed $2,500 SCMLS
• 2026-01-16 Price Changed $2,500 SCMLS
• 2025-12-19 Listed for Rent $2,800 SCMLS
• 2025-12-02 Rental Removed $2,300 SCMLS
• 2025-11-27 Price Changed $2,300 SCMLS
• 2025-11-25 Price Changed $2,800 SCMLS
• 2025-11-11 Listed for Rent $2,300 SCMLS
• 2020-06-16 Sold (Public Records) $162,000 Public Records
• 2020-06-15 Sold (MLS) $162,000 SCMLS
• 2020-05-21 Pending — SCMLS
• 2020-04-26 Contingent — SCMLS
• 2020-04-26 Relisted — SCMLS
• 2020-03-30 Listing Removed — SCMLS
• 2020-01-14 Listed $165,000 SCMLS
• 2019-02-27 Sold (Public Records) $135,000 Public Records
• 2019-02-25 Sold (MLS) $135,000 SCMLS
• 2019-01-03 Listed $150,000 SCMLS
• 2017-12-07 Sold (Public Records) $98,000 Public Records
• 2017-12-01 Sold (MLS) $98,000 SCMLS
• 2017-09-23 Listed $108,000 SCMLS
• 2000-09-29 Sold (Public Records) $84,000 Public Records
• 1990-02-01 Sold (Public Records) $30,000 Public Records
• 1985-07-01 Sold (Public Records) $12,600 Public Records

Property tax history

+3.1%/yr

Latest (2025): $2,181 · +5.2% YoY. Source: county tax records.