1140 Cheney Hwy Unit H · Titusville, FL 32780

$185,000

2 bd · 2.0 ba · 962 sqft · Townhouse public records · 11 Days on market

Built 1981 3,049 sqft lot $90/mo HOA · 6% of rent

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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 +12.3/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +3.7/10.0
• 1% rule +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* Property is under contract and only accepting backup offers at this time. * Corner townhouse in Titusville, located on the Space Coast! Featuring a cozy patio room and off-street parking, this home offers both comfort and convenience. Perfectly positioned near Playalinda Beach and Kennedy Space Center, you'll have jaw-dropping rocket launch views right from your doorstep. Priced below market value for a quick sale, this move-in ready home presents a fantastic opportunity to add your personal touch. With some minor cosmetic upgrades, this home can truly shine and reflect your style. Whether you're looking for a new home or a savvy investment, this townhouse offers unbeatable location and value!

Key facts

• Enclosed back porch
• Updated townhouse
• Laundry room

Tags

• UPDATED TOWNHOUSE
• VINYL PLANK FLOORS
• LAUNDRY ROOM
• NEW CEILING FANS
• BUTCHER BLOCK COUNTERTOPS
• ENCLOSED BACK PORCH

Property features AI

Finance

• Other: No private pool
• HOA & community: Community association with a $90 monthly fee

Exterior

• Parking: Assigned parking
• Utilities: Public sewer; Cable available
• Home design: Townhouse; Faces east
• Construction: Frame and stucco construction
• Exterior features: Lot features: Other

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished unit; Residential use
• Laundry & utility: Cable available

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $-34 ($-406/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (3.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (19.9% below list).
• Recommended offer: $148k (19.9% 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: Coquina Elementary School (math 38% / reading 45%, grade F, #1,437 of 2,144 statewide, top 68%, 557 students, 75% FRL); Andrew Jackson Middle School (math 52% / reading 47%, grade C, #259 of 571 statewide, top 46%, 551 students, 58% FRL); Titusville High School (math 33% / reading 52%, grade F, #264 of 667 statewide, top 41%, 1,314 students, 55% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 $159k; 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,177 (19.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.80% ✗
• Cap rate: 6.07%
• Cash-on-cash: -0.78%
• DSCR: 0.97
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-34,661
• Equity at exit: $27,584

10-year hold

• IRR: -15.9%
• Equity multiple: 0.17×
• Total profit: $-42,987
• Equity at exit: $15,995

Cash invested: $51,800 (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 32780

• Rents YoY: 1.3%
• Active inventory: 462
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,482 high
• Mortgage (P&I): −$970
• Tax from tax record: −$67 /mo · $806/yr
• Insurance: −$77
• HOA: −$90
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $-34

Break-even live

Break-even rent $1,525

Max offer price $179,030

Occupancy floor 97%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1281 Cheney Hwy Unit E Titusville, FL	2.0	2.0	962	$1,450	$1.51	23d	1	0.09mi
1321 Cheney Hwy Unit F Titusville, FL	2.0	2.5	962	$1,500	$1.56	23d	1	0.12mi
1321 Cheney Hwy Titusville, FL	2.0	2.0	962	$1,600	$1.66	23d	1	0.12mi
1293 Cheney Hwy Unit G Titusville, FL	2.0	2.0	962	$1,389	$1.44	13d	1	0.14mi
1700 Chaucer Rd Titusville, FL	3.0	1.5	897	$1,600	$1.78	23d	1	0.32mi
4487 Barna Ave #4487 Titusville, FL	2.0	1.0	800	$1,450	$1.81	14d	1	0.44mi
4700 Barna Ave Titusville, FL	2.0	1.0	825	$1,298	$1.57	13d	3	0.46mi
4171 David Dr Titusville, FL	2.0	1.0	900	$1,075	$1.19	23d	1	0.59mi
3645 Barna Ave Titusville, FL	1.0–2.0	1.0	895	$1,350	$1.51	23d	4	1.02mi
628 Timber Trace Ln Titusville, FL	2.0–3.0	2.0	1104	$1,267	$1.15	23d	1	1.06mi
4050 Mount Sterling Ave Titusville, FL	3.0	1.0	960	$1,700	$1.77	14d	1	1.08mi
4124 Mount Vernon Ave Titusville, FL	2.0	1.0	901	$1,200	$1.33	13d	1	1.15mi
3805 S Hopkins Ave Titusville, FL	1.0–2.0	1.0	720	$1,790	$2.49	13d	7	1.15mi
2205 Knox McRae Dr Unit 14 Titusville, FL	2.0	2.0	840	$1,125	$1.34	23d	1	1.18mi
2170 Knox Mc Rae Dr #5 Titusville, FL	2.0	2.0	831	$1,100	$1.32	21d	1	1.20mi
2170 Knox Mc Rae Dr #39 Titusville, FL	1.0	1.0	550	$1,000	$1.82	14d	1	1.20mi
2170 Knox Mc Rae Dr #38 Titusville, FL	1.0	1.0	550	$1,050	$1.91	23d	1	1.20mi
3590 Sable Palm Ln Unit G Titusville, FL	1.0	1.0	695	$1,125	$1.62	23d	1	1.21mi
2190 Knox McRae Dr Unit D Titusville, FL	2.0	1.0	820	$1,100	$1.34	18d	1	1.25mi
2192 Knox McRae Dr Unit 1 Titusville, FL	2.0	1.0	817	$1,100	$1.35	23d	1	1.25mi
2190 Knox McRae Dr Unit F Titusville, FL	2.0	1.0	820	$1,050	$1.28	23d	1	1.25mi
3570 Sable Palm Ln Titusville, FL	1.0–2.0	1.0–2.0	779	$1,350	$1.73	21d	3	1.26mi
3550 Sable Palm Ln Unit L Titusville, FL	1.0	1.0	695	$1,150	$1.65	23d	1	1.29mi
3555 Sable Palm Ln Unit 7K Titusville, FL	2.0	2.0	864	$1,300	$1.50	23d	1	1.32mi
3555 Sable Palm Ln Unit F Titusville, FL	2.0	2.0	864	$1,350	$1.56	23d	1	1.32mi
190 E Olmstead Dr Unit M1 Titusville, FL	2.0	2.0	1023	$1,800	$1.76	23d	1	1.35mi
190 E Olmstead Dr Titusville, FL	2.0–3.0	1.0–2.0	1091	$1,350	$1.24	23d	5	1.37mi
1039 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	1.42mi
1041 Country Club Dr #426 Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	1.43mi
1041 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,900	$1.86	23d	1	1.43mi
1099 Country Club Dr #811 Titusville, FL	2.0	2.0	940	$1,800	$1.91	23d	1	1.43mi
1209 Country Club Dr Titusville, FL	2.0	2.0	935	$1,700	$1.82	23d	1	1.43mi
1237 Country Club Dr Titusville, FL	2.0	2.0	970	$1,600	$1.65	23d	1	1.43mi
2605 Columbia Blvd Titusville, FL	1.0–2.0	1.0	716	$1,562	$2.18	13d	4	1.45mi

HOA detail

• Monthly dues: $90 · $1,080/yr

Listing history 10 events

1. 2026-06-18
   days on market $185,000 Active 11 DOM
2. 2026-06-17
   days on market $185,000 Active 10 DOM
3. 2026-06-16
   days on market $185,000 Active 9 DOM
4. 2026-06-15
   status $185,000 Active 8 DOM
5. 2026-06-14
   statusdays on market $185,000 Pending 8 DOM
6. 2026-06-10
   days on market $185,000 Active 7 DOM
7. 2026-06-08
   days on market $185,000 Active 5 DOM
8. 2026-06-07
   days on market $185,000 Active 4 DOM
9. 2026-06-05
   remarks 654-char remark
10. 2026-06-05
    listed $185,000 Active 1 DOM

ⓘ 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: $806 · $67/mo
• Projected year-2 tax: $1,536 · $128/mo
• Expected delta: +$730/yr (+$61/mo · 90.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $17,781
• − Mortgage interest: −$10,363
• − Property taxes: −$806
• − Insurance: −$925
• − Repairs & maintenance: −$1,422
• − Management: −$1,422
• − HOA: −$1,080
• − Depreciation: −$5,382
• Taxable loss: −$3,619
• Est. tax savings @ 24.0%: +$869
• After-tax cash flow: $463/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): 40,064
• Household income: $67,690
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1141.0

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 (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 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: ▼ -162.54%
• Current HPI: 297.151
• Rent YoY: ▲ 1.29%
• 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

+413.9% since first listed

18 events — show timeline

• 2026-06-04 Listed $185,000 SCMLS
• 2025-03-21 Sold (Public Records) $159,000 Public Records
• 2025-03-19 Sold (MLS) $159,000 SCMLS
• 2025-03-11 Pending — SCMLS
• 2025-02-21 Contingent — SCMLS
• 2025-02-14 Relisted — SCMLS
• 2025-02-12 Pending — SCMLS
• 2025-02-07 Listed $159,000 SCMLS
• 2018-10-17 Sold (Public Records) $82,000 Public Records
• 2018-10-12 Sold (MLS) $82,000 SCMLS
• 2018-08-17 Listed $80,000 SCMLS
• 2011-04-01 Sold (MLS) $36,500 SCMLS
• 2010-12-06 Listed $37,000 SCMLS
• 2006-03-14 Sold (Public Records) $122,000 Public Records
• 2006-03-10 Sold (MLS) $122,000 SCMLS
• 2005-11-01 Listed $132,000 SCMLS
• 1998-02-23 Sold (Public Records) $41,000 Public Records
• 1981-02-01 Sold (Public Records) $36,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $806 · +4.0% YoY. Source: county tax records.