935 Falcon Dr · Micco, FL 32976

$235,999

3 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 106 Days on market

Built 1984 0.81 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 +13.7/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home has phenomenal walkability! Completely remodeled in 2025, the interior was fully gutted and rebuilt with new electrical including panel, new drywall, all new interior trim, new flooring, new cabinets, updated bathroom fixtures, new lighting, ceiling fans, and a new water heater. The AC was replaced in 2024 for added efficiency and peace of mind. No HOA No amenity fees! Conveniently located near the Indian River Lagoon, Sebastian Inlet, boating, fishing, waterfront dining, and shopping along Florida's beautiful Space Coast.

Key facts

• New drywall
• Remodeled
• New flooring

Tags

• REMODELED
• NEW ELECTRICAL
• NEW DRYWALL
• NEW FLOORING
• NEW CABINETS
• UPDATED BATHROOM FIXTURES

Property features AI

Finance

• Other: Unfurnished; Lot approximately 0.81 acres

Exterior

• Parking: 2-space carport
• Utilities: Septic tank; Electricity connected; Water available; Sewer available; Cable available
• Home design: Double wide mobile home; One level; North-facing; Manufactured home
• Construction: Frame construction
• Exterior features: Covered front porch

Interior

• Kitchen: Dishwasher; Electric oven; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floor plan
• Laundry & utility: Washer hookup; Electric dryer hookup (lower level)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $236k.

Deal economics

• At list price, monthly cash flow is $18 ($219/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (19.9% below list).
• Recommended offer: $189k (19.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 186 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $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 106 days — a 9% lower offer ($215k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $190k; 24% 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 $189,084 (19.9% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 6.39%
• Cash-on-cash: 0.33%
• DSCR: 1.01
• GRM: 10.4

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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-37,146
• Equity at exit: $35,188

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-31,120
• Equity at exit: $20,405

Cash invested: $66,080 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 186
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,891 high
• Mortgage (P&I): −$1,238
• Tax from tax record: −$140 /mo · $1,675/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $18

Break-even live

Break-even rent $1,868

Max offer price $235,999

Occupancy floor 94%

Sensitivity live

Price	-10% $152	-5% $85	+0% $18	+5% $-49	+10% $-115
Rent	-10% $-131	-5% $-56	+0% $18	+5% $93	+10% $168
Rate	-1.0pp $137	-0.5pp $78	base $18	+0.5pp $-43	+1.0pp $-105

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: $59,000
• Closing costs: $7,080
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	25d	1	0.14mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	25d	1	0.16mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	25d	1	0.17mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	25d	1	0.18mi
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	25d	1	0.52mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	25d	1	0.58mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	25d	1	0.60mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	16d	1	0.68mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	25d	1	0.71mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	25d	1	0.72mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	25d	1	0.77mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	25d	1	0.80mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	25d	1	0.83mi
6505 Topaz Dr Grant, FL	4.0	2.0	1830	$2,500	$1.37	25d	1	0.93mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	25d	1	0.95mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	25d	1	0.98mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	25d	1	1.07mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	25d	1	1.12mi
8520 US Highway 1 Unit D5 Sebastian, FL	2.0	2.0	1533	$1,250	$0.82	16d	1	1.12mi
8520 US Highway 1 #10 Sebastian, FL	2.0	2.0	1091	$1,800	$1.65	25d	1	1.12mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	25d	1	1.49mi

Listing history 19 events

1. 2026-06-22
   days on market $235,999 Active 106 DOM
2. 2026-06-18
   days on market $235,999 Active 103 DOM
3. 2026-06-17
   days on market $235,999 Active 102 DOM
4. 2026-06-16
   days on market $235,999 Active 101 DOM
5. 2026-06-15
   days on market $235,999 Active 100 DOM
6. 2026-06-14
   days on market $235,999 Active 98 DOM
7. 2026-06-10
   days on market $235,999 Active 95 DOM
8. 2026-06-08
   days on market $235,999 Active 93 DOM
9. 2026-06-07
   days on market $235,999 Active 92 DOM
10. 2026-06-05
    days on market $235,999 Active 89 DOM
11. 2026-06-03
    days on market $235,999 Active 88 DOM
12. 2026-06-02
    days on market $235,999 Active 87 DOM
13. 2026-06-01
    days on market $235,999 Active 86 DOM
14. 2026-05-31
    days on market $235,999 Active 85 DOM
15. 2026-05-31
    days on market $235,999 Active 84 DOM
16. 2026-04-30
    price $235,999
17. 2026-03-07
    listed $249,000 Active
18. 2006-06-19
    soldstatus $190,000
19. 2003-06-12
    soldstatus $225,000

ⓘ 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: $1,675 · $140/mo
• Projected year-2 tax: $1,959 · $163/mo
• Expected delta: +$284/yr (+$24/mo · 17.0%)

ⓘ 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 ≥105°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: $22,690
• − Mortgage interest: −$13,220
• − Property taxes: −$1,675
• − Insurance: −$1,180
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$6,865
• Taxable loss: −$3,880
• Est. tax savings @ 24.0%: +$931
• After-tax cash flow: $1,150/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 — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -73.57%
• Current HPI: 321.5196
• Rent YoY: —
• Metro: —
• 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

+4.9% since first listed

4 events — show timeline

• 2026-04-30 Price Changed $235,999 SCMLS
• 2026-03-07 Listed $249,000 SCMLS
• 2006-06-19 Sold (Public Records) $190,000 Public Records
• 2003-06-12 Sold (Public Records) $225,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $1,675 · +7.8% YoY. Source: county tax records.