939 Laurel Cir · Micco, FL 32976

$150,000

2 bd · 2.0 ba · 1,196 sqft · Manufactured public records · 83 Days on market

Built 1977 4,792 sqft lot

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Why this score? — see what drove the C 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 +24.3/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

Key facts

• Recent water heater
• Renovated
• New kitchen

Tags

• RENOVATED
• LUXURY VINYL FLOORING
• NEW BATHS
• NEW KITCHEN
• BRAND NEW STAINLESS APPLIANCES
• RECENT WATER HEATER

Property features AI

Exterior

• Parking: Attached carport (1 space)
• Security: Fire alarm
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Manufactured home; One story; Faces east
• Construction: Vinyl siding; Metal roof
• Exterior features: Covered screened porch (side porch); Shed(s); City street frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator; Breakfast bar / eat-in kitchen
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Heat pump; Central air (electric)
• Interior features: Breakfast bar; Ceiling fan(s); Eat-in kitchen; Primary bathroom with tub and shower; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

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: 185 active listings in the ZIP; 15 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 $1k of loan paydown is wiped out by about $4k 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 ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y 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 $125k; 20% 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; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.17% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.62%
• DSCR: 1.38
• GRM: 7.1

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: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,044
• Equity at exit: $22,365

10-year hold

• IRR: 6.5%
• Equity multiple: 1.49×
• Total profit: $20,562
• Equity at exit: $12,969

Cash invested: $42,000 (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: 185
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,752 high
• Mortgage (P&I): −$787
• Tax from tax record: −$234 /mo · $2,804/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $302

Break-even live

Break-even rent $1,371

Max offer price $150,000

Occupancy floor 78%

Sensitivity live

Price	-10% $386	-5% $344	+0% $302	+5% $259	+10% $217
Rent	-10% $163	-5% $232	+0% $302	+5% $371	+10% $440
Rate	-1.0pp $377	-0.5pp $340	base $302	+0.5pp $263	+1.0pp $223

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	24d	1	0.06mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.18mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	24d	1	0.49mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	15d	1	0.60mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	24d	1	0.61mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	24d	1	0.63mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	24d	1	0.77mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	24d	1	0.82mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	24d	1	0.89mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	24d	1	0.91mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	24d	1	0.97mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	24d	1	1.06mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	24d	1	1.07mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	24d	1	1.08mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	24d	1	1.11mi

Listing history 29 events

1. 2026-06-15
   days on market $150,000 Active 83 DOM
2. 2026-06-14
   days on market $150,000 Active 81 DOM
3. 2026-06-10
   days on market $150,000 Active 78 DOM
4. 2026-06-08
   days on market $150,000 Active 76 DOM
5. 2026-06-07
   days on market $150,000 Active 75 DOM
6. 2026-06-05
   days on market $150,000 Active 72 DOM
7. 2026-06-03
   days on market $150,000 Active 71 DOM
8. 2026-06-02
   days on market $150,000 Active 70 DOM
9. 2026-06-01
   days on market $150,000 Active 69 DOM
10. 2026-05-31
    days on market $150,000 Active 68 DOM
11. 2026-05-31
    statusdays on market $150,000 Active 67 DOM
12. 2026-03-23
    listed $150,000 Active
13. 2025-12-30
    historical 575-char remark

    Show marketing remark (575 chars)

    This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

14. 2025-10-24
    price $179,900 575-char remark

    Show marketing remark (575 chars)

    This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

15. 2025-07-12
    price $184,900 575-char remark

    Show marketing remark (575 chars)

    This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

16. 2025-07-12
    price $184,900

    Show marketing remark (575 chars)

    This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

17. 2025-04-27
    listed $194,900 Active 575-char remark

    Show marketing remark (575 chars)

    This home has been renovated from top to bottom. Beautiful luxury vinyl flooring throughout, new baths, kitchen, & brand new stainless appliances. Recent water heater, roof, and home has been re-piped. W/ D included. The rooms are large, & the master closet is a dream for many! The screened porch is a great spot to enjoy any time of day. Barefoot Bay has so many amenities including golf, beach, river and so much more. A wonderful lifestyle. You can live there and just have a golf cart. One time membership fee $1551.50 to BBRD and yearly in taxes. Easy to show

18. 2025-04-26
    listed $194,900 Active
19. 2022-04-25
    soldstatus $125,000
20. 2022-04-21
    soldstatus $125,000 Closed
21. 2022-04-21
    soldstatus $125,000 Closed
22. 2022-03-14
    status Pending
23. 2022-03-14
    status Pending
24. 2022-03-11
    listed $117,500 Active
25. 2022-03-11
    listed $117,500 Active
26. 2022-03-11
    listed $117,500 Active
27. 2022-02-28
    historical $117,500
28. 2022-02-25
    historical $117,500
29. 1983-02-01
    soldstatus $39,000

ⓘ 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: $2,804 · $234/mo
• Projected year-2 tax: $2,804 · $234/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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $21,028
• − Mortgage interest: −$8,402
• − Property taxes: −$2,804
• − Insurance: −$750
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$4,364
• Taxable income: $1,344
• Est. tax owed @ 24.0%: −$322
• After-tax cash flow: $3,296/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

+284.6% since first listed

18 events — show timeline

• 2026-03-23 Listed $150,000 SCMLS
• 2025-12-30 Listing Removed — SCMLS
• 2025-10-24 Price Changed $179,900 SCMLS
• 2025-07-12 Price Changed $184,900 SCMLS
• 2025-07-12 Price Changed $184,900 RAIRCMLS
• 2025-04-27 Listed $194,900 SCMLS
• 2025-04-26 Listed $194,900 RAIRCMLS
• 2022-04-25 Sold (Public Records) $125,000 Public Records
• 2022-04-21 Sold (MLS) $125,000 RAIRCMLS
• 2022-04-21 Sold (MLS) $125,000 SCMLS
• 2022-03-14 Pending — SCMLS
• 2022-03-14 Pending — RAIRCMLS
• 2022-03-11 Listed $117,500 RAIRCMLS
• 2022-03-11 Listed $117,500 SCMLS
• 2022-03-11 Listed $117,500 Beaches MLS
• 2022-02-28 Coming Soon $117,500 SCMLS
• 2022-02-25 Coming Soon $117,500 RAIRCMLS
• 1983-02-01 Sold (Public Records) $39,000 Public Records

Property tax history

+12.0%/yr

Latest (2025): $2,804 · -0.2% YoY. Source: county tax records.