1928 Dipol Courtway · Titusville, FL 32780

$215,000

3 bd · 2.0 ba · 1,675 sqft · Townhouse public records · 74 Days on market

Built 1984 3,920 sqft lot $47/mo HOA · 2% 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 +15.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Schools +4.7/10.0
• 1% rule +4.3/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2 bedroom 2.5 bath townhome in TitusVillage. Roof was replaced in 2005 along with new air conditioning unit. This home has carpet and laminate flooring throughout the home. Enjoy the screen courtyard, or the balcony up stairs off the masterbed room. Come take a look at this great starter home. This unit just rented 9/06 with 1 year lease.

Key facts

• $47 HOA
• Built 1984
• Listed 74 days

Property features AI

Finance

• Other: Living area approximately 1,675; Lot listed as 0.09 acres; Additional parcel reference: 2205179
• HOA & community: Has association (Titusvillage Section One); Association amenities include grounds maintenance and off-site management; Annual association fee of $560 (includes grounds maintenance)

Exterior

• Parking: Assigned parking
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Townhouse; Two levels; Faces northwest
• Construction: Frame construction
• Exterior features: Covered front porch

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Primary bathroom with shower (no tub); Walk-in closets
• Laundry & utility: Washer hookup; Electric dryer hookup; Unfurnished unit

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $215k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/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 $200k (7.1% below list).
• Recommended offer: $200k (7.1% 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: Apollo Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 730 students, 68% 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 60% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 465 active listings in the ZIP; 26 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).
• This rent runs 35% of the median local income ($68k/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 $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

• It's been on market 74 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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 $58k; list at $215k implies a 268% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,733 (7.1% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.93% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.71%
• DSCR: 1.08
• GRM: 9.0

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: -15.5%
• Equity multiple: 0.46×
• Total profit: $-32,719
• Equity at exit: $32,057

10-year hold

• IRR: -10.2%
• Equity multiple: 0.42×
• Total profit: $-34,714
• Equity at exit: $18,589

Cash invested: $60,200 (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: 465
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,997 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$228 /mo · $2,736/yr
• Insurance: −$90
• HOA: −$47
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $86

Break-even live

Break-even rent $1,889

Max offer price $215,000

Occupancy floor 91%

Sensitivity live

Price	-10% $208	-5% $147	+0% $86	+5% $25	+10% $-36
Rent	-10% $-72	-5% $7	+0% $86	+5% $165	+10% $244
Rate	-1.0pp $194	-0.5pp $140	base $86	+0.5pp $30	+1.0pp $-27

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1965 Dipol Courtway Titusville, FL	3.0	2.5	1669	$1,775	$1.06	25d	1	0.08mi
1696 S Park Ave Titusville, FL	2.0	2.5	1300	$1,850	$1.42	25d	1	0.09mi
2445 Keiser Ct Titusville, FL	4.0	2.0	1844	$3,700	$2.01	25d	1	0.50mi
2408 Devonswood Rd Titusville, FL	3.0	2.0	1310	$2,100	$1.60	25d	1	0.64mi
1885 White Sands Dr Titusville, FL	3.0	2.0	1800	$2,400	$1.33	16d	1	0.68mi
1640 Elizabeth Ave Titusville, FL	3.0	2.0	1319	$2,100	$1.59	25d	1	0.72mi
1590 S Deleon Ave Titusville, FL	3.0	1.0	1072	$1,600	$1.49	25d	1	0.89mi
1023 S Park Ave Titusville, FL	2.0–3.0	2.0	1002	$1,400	$1.40	15d	1	0.97mi
3433 Joe Murell Dr Titusville, FL	2.0	1.5	1088	$1,500	$1.38	25d	1	0.99mi
1049 Macon Dr Titusville, FL	3.0	2.0	1865	$2,200	$1.18	25d	1	1.02mi
3136 Finsterwald Dr Titusville, FL	2.0	2.5	1280	$2,000	$1.56	25d	1	1.03mi
1279 Macon Dr Titusville, FL	3.0	2.0	1620	$2,000	$1.23	25d	1	1.04mi
2511 Country Club Dr Unit B118 Titusville, FL	2.0	1.5	1075	$1,200	$1.12	25d	1	1.09mi
2300 Arctic Cir Titusville, FL	3.0	2.0	1896	$2,300	$1.21	23d	1	1.12mi
919 Macon Dr Titusville, FL	3.0	2.0	1620	$2,000	$1.23	25d	1	1.13mi
888 Macon Dr Titusville, FL	3.0	2.0	1865	$2,000	$1.07	25d	1	1.14mi
513 Warren St Unit 513 Titusville, FL	2.0	1.0	1410	$1,480	$1.05	25d	1	1.27mi
3535 Nicklaus Dr Titusville, FL	3.0	2.0	1709	$1,895	$1.11	25d	1	1.33mi
2965 La Cita Ln Titusville, FL	3.0	2.0	1456	$2,200	$1.51	16d	1	1.36mi
680 Birchwood Ln Titusville, FL	3.0	2.0	1440	$1,900	$1.32	25d	1	1.41mi
2605 S Park Ave Titusville, FL	3.0	2.5	1525	$1,950	$1.28	25d	1	1.41mi
1795 S Lilac Cir Titusville, FL	3.0	2.0	1584	$2,000	$1.26	25d	1	1.41mi
102 S Christmas Hill Rd Titusville, FL	3.0	2.0	1304	$2,200	$1.69	25d	1	1.46mi
102 S Christmas Hill Rd Titusville, FL	3.0	2.0	1304	$2,300	$1.76	16d	1	1.46mi
1540 Riverside Dr #402 Titusville, FL	2.0	2.0	1120	$1,800	$1.61	25d	1	1.49mi
1428 Riverside Dr Titusville, FL	3.0	1.0	1412	$2,200	$1.56	25d	1	1.49mi

HOA detail

• Monthly dues: $47 · $564/yr

Listing history 24 events

1. 2026-06-22
   days on market $215,000 Active 74 DOM
2. 2026-06-18
   days on market $215,000 Active 71 DOM
3. 2026-06-17
   days on market $215,000 Active 70 DOM
4. 2026-06-16
   days on market $215,000 Active 69 DOM
5. 2026-06-15
   days on market $215,000 Active 68 DOM
6. 2026-06-14
   days on market $215,000 Active 66 DOM
7. 2026-06-10
   days on market $215,000 Active 63 DOM
8. 2026-06-08
   days on market $215,000 Active 61 DOM
9. 2026-06-07
   days on market $215,000 Active 60 DOM
10. 2026-06-05
    days on market $215,000 Active 57 DOM
11. 2026-06-03
    days on market $215,000 Active 56 DOM
12. 2026-06-02
    days on market $215,000 Active 55 DOM
13. 2026-06-01
    days on market $215,000 Active 54 DOM
14. 2026-05-31
    days on market $215,000 Active 53 DOM
15. 2026-05-31
    days on market $215,000 Active 52 DOM
16. 2026-05-08
    price $215,000
17. 2026-04-08
    listed $225,000 Active
18. 2016-08-16
    historical 349-char remark

    Show marketing remark (303 chars)

    Spacious 2 bedroom 2.5 bath townhome in TitusVillage. Roof was replaced in 2005 along with new air conditioning unit. This home has carpet and laminate flooring throughout the home. Enjoy the screen courtyard, or the balcony up stairs off the masterbed room. Come take a look at this great starter home.

19. 2016-08-16
    historical 303-char remark

    Show marketing remark (303 chars)

    Spacious 2 bedroom 2.5 bath townhome in TitusVillage. Roof was replaced in 2005 along with new air conditioning unit. This home has carpet and laminate flooring throughout the home. Enjoy the screen courtyard, or the balcony up stairs off the masterbed room. Come take a look at this great starter home.

20. 2006-06-07
    listed $169,900 349-char remark

    Show marketing remark (349 chars)

    Spacious 2 bedroom 2.5 bath townhome in TitusVillage. Roof was replaced in 2005 along with new air conditioning unit. This home has carpet and laminate flooring throughout the home. Enjoy the screen courtyard, or the balcony up stairs off the masterbed room. Come take a look at this great starter home. This unit just rented 9/06 with 1 year lease.

21. 2006-03-06
    listed $173,000 303-char remark

    Show marketing remark (303 chars)

    Spacious 2 bedroom 2.5 bath townhome in TitusVillage. Roof was replaced in 2005 along with new air conditioning unit. This home has carpet and laminate flooring throughout the home. Enjoy the screen courtyard, or the balcony up stairs off the masterbed room. Come take a look at this great starter home.

22. 1999-03-26
    soldstatus $58,400
23. 1985-03-01
    soldstatus $63,500
24. 1984-05-01
    soldstatus $20,000

ⓘ 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: $2,736 · $228/mo
• Projected year-2 tax: $2,736 · $228/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 5/10 Major
• 🌡 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: $23,968
• − Mortgage interest: −$12,043
• − Property taxes: −$2,736
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,917
• − Management: −$1,917
• − HOA: −$564
• − Depreciation: −$6,255
• Taxable loss: −$2,540
• Est. tax savings @ 24.0%: +$610
• After-tax cash flow: $1,639/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

+975.0% since first listed

9 events — show timeline

• 2026-05-08 Price Changed $215,000 SCMLS
• 2026-04-08 Listed $225,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2006-06-07 Listed $169,900 SCMLS
• 2006-03-06 Listed $173,000 SCMLS
• 1999-03-26 Sold (Public Records) $58,400 Public Records
• 1985-03-01 Sold (Public Records) $63,500 Public Records
• 1984-05-01 Sold (Public Records) $20,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,736 · +2.3% YoY. Source: county tax records.