455 Riverside Ave · Merritt Island, FL 32953

$329,900

3 bd · 2.0 ba · 1,932 sqft · SingleFamily public records · 83 Days on market

Built 1966 7,841 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 +14.0/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, and thoughtful design. The layout is perfect for everyday living, offering both openness and a sense of definition that makes every room feel welcoming. Just a short stroll away, residents can enjoy a picturesque community waterfront park, a serene spot for morning walks or evening sunsets. Every detail of this home invites you to embrace the relaxed Merritt Island lifestyle, where water views, outdoor living, and a close-knit community come together in perfect harmony. Whether you're hosting celebrations, enjoying quiet moments, or exploring all that the area has to offer, this property is a rare opportunity to enjoy the best of Florida living with comfort and style.

Key facts

• 2 acs
• 2021 roof
• Split floorplan

Tags

• SPLIT FLOORPLAN
• ELECTRIC FIREPLACE
• DBL PANE WINDOWS
• 2 ACS
• 2021 ROOF
• EXTENDED 2-CAR GARAGE

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public sewer; Electricity connected
• Home design: Single-family home; One story; North-facing
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Patio; Porch; Screened porch; Front and rear sprinklers; Asphalt road access

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (main level)
• Flooring: Carpet; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Kitchen island; Split-bedroom layout; Walk-in closets
• Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $-25 ($-304/yr) — negative.
• To cash-flow at today's rent, offer at most $325k (1.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $289k (12.4% below list).
• Recommended offer: $289k (12.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#441 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: Mila Elementary School (math 37% / reading 46%, grade F, #1,437 of 2,144 statewide, top 68%, 433 students, 70% FRL); Thomas Jefferson Middle School (math 63% / reading 55%, grade B, #144 of 571 statewide, top 26%, 608 students, 43% FRL); Merritt Island High School (math 32% / reading 55%, grade F, #248 of 667 statewide, top 38%, 1,546 students, 35% FRL).
• Market conditions: Rents rising (+2.1%/yr); 219 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 40% of the median local income ($87k/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 83 days — a 6% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $178k; list at $330k implies a 85% 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 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $289,129 (12.4% 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 83 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-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?
8. 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?
9. 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.
10. 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.
11. 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: 0.88% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.53%
• DSCR: 1.02
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.12% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.38×
• Total profit: $-57,547
• Equity at exit: $49,189

10-year hold

• IRR: -11.7%
• Equity multiple: 0.33×
• Total profit: $-62,167
• Equity at exit: $28,524

Cash invested: $92,372 (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 32953

• Home prices YoY: -34.5%
• Rents YoY: 2.1%
• Active inventory: 219
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,891 high
• Mortgage (P&I): −$1,730
• Tax from tax record: −$375 /mo · $4,506/yr
• Insurance: −$137
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$607
• Net cashflow: $-25

Break-even live

Break-even rent $2,923

Max offer price $325,427

Occupancy floor 96%

Sensitivity live

Price	-10% $161	-5% $68	+0% $-25	+5% $-119	+10% $-212
Rent	-10% $-254	-5% $-140	+0% $-25	+5% $89	+10% $203
Rate	-1.0pp $141	-0.5pp $59	base $-25	+0.5pp $-111	+1.0pp $-198

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
390 Needle Blvd Merritt Island, FL	4.0	2.0	1828	$3,450	$1.89	24d	1	0.19mi
820 Del Rio Way #401 Merritt Island, FL	3.0	2.0	1862	$2,600	$1.40	24d	1	0.37mi
145 Needle Blvd Merritt Island, FL	4.0	2.0	1314	$3,250	$2.47	24d	1	0.45mi
800 1st St Merritt Island, FL	3.0	2.0	1529	$2,800	$1.83	24d	1	0.52mi
165 Tiki Dr Merritt Island, FL	3.0	2.0	1795	$2,875	$1.60	24d	1	0.56mi
140 McLeod St Unit 1513829P Merritt Island, FL	3.0	2.0	1323	$3,291	$2.49	20d	1	0.93mi
200 S Sykes Creek Pkwy #702 Merritt Island, FL	2.0	2.0	1307	$2,390	$1.83	24d	1	1.01mi
215 Artemis Blvd Merritt Island, FL	4.0	2.0	2120	$4,700	$2.22	24d	1	1.06mi
250 S Sykes Creek Pkwy Unit B510 Merritt Island, FL	2.0	2.0	1660	$2,600	$1.57	24d	1	1.10mi
1525 Polaris St Merritt Island, FL	3.0	2.0	1462	$2,400	$1.64	15d	1	1.15mi
480 Sail Ln #204 Merritt Island, FL	3.0	2.0	2122	$2,950	$1.39	15d	1	1.25mi
1315 Lester Ct Merritt Island, FL	3.0	2.0	1462	$2,350	$1.61	24d	1	1.28mi
410 S Tropical Trl Merritt Island, FL	3.0	2.0	1573	$2,295	$1.46	24d	1	1.44mi

Listing history 20 events

1. 2026-04-30
   historical Active Under Contract
2. 2026-04-11
   price $329,900
3. 2026-03-05
   listed $349,900 Active
4. 2025-12-08
   historical 766-char remark

   Show marketing remark (766 chars)

   Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, and thoughtful design. The layout is perfect for everyday living, offering both openness and a sense of definition that makes every room feel welcoming. Just a short stroll away, residents can enjoy a picturesque community waterfront park, a serene spot for morning walks or evening sunsets. Every detail of this home invites you to embrace the relaxed Merritt Island lifestyle, where water views, outdoor living, and a close-knit community come together in perfect harmony. Whether you're hosting celebrations, enjoying quiet moments, or exploring all that the area has to offer, this property is a rare opportunity to enjoy the best of Florida living with comfort and style.

5. 2025-11-06
   price $350,000 766-char remark

   Show marketing remark (766 chars)

   Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, and thoughtful design. The layout is perfect for everyday living, offering both openness and a sense of definition that makes every room feel welcoming. Just a short stroll away, residents can enjoy a picturesque community waterfront park, a serene spot for morning walks or evening sunsets. Every detail of this home invites you to embrace the relaxed Merritt Island lifestyle, where water views, outdoor living, and a close-knit community come together in perfect harmony. Whether you're hosting celebrations, enjoying quiet moments, or exploring all that the area has to offer, this property is a rare opportunity to enjoy the best of Florida living with comfort and style.

6. 2025-10-10
   price $375,000 766-char remark

   Show marketing remark (766 chars)

   Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, and thoughtful design. The layout is perfect for everyday living, offering both openness and a sense of definition that makes every room feel welcoming. Just a short stroll away, residents can enjoy a picturesque community waterfront park, a serene spot for morning walks or evening sunsets. Every detail of this home invites you to embrace the relaxed Merritt Island lifestyle, where water views, outdoor living, and a close-knit community come together in perfect harmony. Whether you're hosting celebrations, enjoying quiet moments, or exploring all that the area has to offer, this property is a rare opportunity to enjoy the best of Florida living with comfort and style.

7. 2025-08-11
   listed $400,000 Active 766-char remark

   Show marketing remark (766 chars)

   Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, and thoughtful design. The layout is perfect for everyday living, offering both openness and a sense of definition that makes every room feel welcoming. Just a short stroll away, residents can enjoy a picturesque community waterfront park, a serene spot for morning walks or evening sunsets. Every detail of this home invites you to embrace the relaxed Merritt Island lifestyle, where water views, outdoor living, and a close-knit community come together in perfect harmony. Whether you're hosting celebrations, enjoying quiet moments, or exploring all that the area has to offer, this property is a rare opportunity to enjoy the best of Florida living with comfort and style.

8. 2025-07-28
   historical 646-char remark

   Show marketing remark (646 chars)

   Newly Priced Home for Sale in this fantastic Central Merritt Island neighborhood!! Completely remodeled 3 beds, 3 full baths, over 1900 sq ft, dual HVAC units, interior utility room; island kitchen, all wood cabinetry and granite countertops; full appliances; recessed lighting; newer windows/doors, updated wall & ceiling texture, 5-inch baseboards throughout; very large and open living room with custom electric stone fireplace; Master Ensuite with walk-in shower and closet; screened patio; plenty of room for your boat or RV, large courtyard entrance and full 2-car garage; Storage shed and Community Waterfront Park just blocks away!!

9. 2025-03-09
   price $420,000 646-char remark

   Show marketing remark (646 chars)

   Newly Priced Home for Sale in this fantastic Central Merritt Island neighborhood!! Completely remodeled 3 beds, 3 full baths, over 1900 sq ft, dual HVAC units, interior utility room; island kitchen, all wood cabinetry and granite countertops; full appliances; recessed lighting; newer windows/doors, updated wall & ceiling texture, 5-inch baseboards throughout; very large and open living room with custom electric stone fireplace; Master Ensuite with walk-in shower and closet; screened patio; plenty of room for your boat or RV, large courtyard entrance and full 2-car garage; Storage shed and Community Waterfront Park just blocks away!!

10. 2024-08-28
    listed $425,000 Active 646-char remark

    Show marketing remark (646 chars)

    Newly Priced Home for Sale in this fantastic Central Merritt Island neighborhood!! Completely remodeled 3 beds, 3 full baths, over 1900 sq ft, dual HVAC units, interior utility room; island kitchen, all wood cabinetry and granite countertops; full appliances; recessed lighting; newer windows/doors, updated wall & ceiling texture, 5-inch baseboards throughout; very large and open living room with custom electric stone fireplace; Master Ensuite with walk-in shower and closet; screened patio; plenty of room for your boat or RV, large courtyard entrance and full 2-car garage; Storage shed and Community Waterfront Park just blocks away!!

11. 2020-04-30
    historical
12. 2020-03-12
    listed $289,900 Active
13. 2019-09-19
    historical
14. 2019-08-16
    listed $274,900
15. 2018-11-01
    soldstatus $178,500
16. 2017-05-30
    soldstatus $148,000
17. 2017-05-26
    soldstatus $148,000
18. 2017-03-16
    listed $160,000
19. 1988-05-01
    soldstatus $79,500
20. 1976-08-01
    soldstatus $32,000

ⓘ 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: $4,506 · $375/mo
• Projected year-2 tax: $4,506 · $375/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $34,695
• − Mortgage interest: −$18,480
• − Property taxes: −$4,506
• − Insurance: −$2,447
• − Repairs & maintenance: −$2,776
• − Management: −$2,776
• − Depreciation: −$9,597
• Taxable loss: −$5,885
• Est. tax savings @ 24.0%: +$1,412
• After-tax cash flow: $1,109/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 — Merritt Island

• Score: 70/100
• State rank: #441
• US rank: #7878

Category grades

Amenities F Commute F Cost of living C+ 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: Merritt Island, FL
• County: Brevard County · 602,871 people
• City population: 46,372
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 24,759
• Household income: $87,262
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 849.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 13% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China, Jamaica
• Languages at home: 87% English-only · Spanish 8% Tagalog/Filipino 2% French/Haitian/Cajun 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: ▼ -168.76%
• Current HPI: 320.1966
• Rent YoY: ▲ 2.12%
• 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

+930.9% since first listed

20 events — show timeline

• 2026-04-30 Contingent — SCMLS
• 2026-04-11 Price Changed $329,900 SCMLS
• 2026-03-05 Listed $349,900 SCMLS
• 2025-12-08 Listing Removed — SCMLS
• 2025-11-06 Price Changed $350,000 SCMLS
• 2025-10-10 Price Changed $375,000 SCMLS
• 2025-08-11 Listed $400,000 SCMLS
• 2025-07-28 Listing Removed — SCMLS
• 2025-03-09 Price Changed $420,000 SCMLS
• 2024-08-28 Listed $425,000 SCMLS
• 2020-04-30 Listing Removed — SCMLS
• 2020-03-12 Listed $289,900 SCMLS
• 2019-09-19 Listing Removed — SCMLS
• 2019-08-16 Listed $274,900 SCMLS
• 2018-11-01 Sold (Public Records) $178,500 Public Records
• 2017-05-30 Sold (Public Records) $148,000 Public Records
• 2017-05-26 Sold (MLS) $148,000 SCMLS
• 2017-03-16 Listed $160,000 SCMLS
• 1988-05-01 Sold (Public Records) $79,500 Public Records
• 1976-08-01 Sold (Public Records) $32,000 Public Records

Property tax history

+14.7%/yr

Latest (2025): $4,506 · -0.6% YoY. Source: county tax records.