1654 Rice Ave · Titusville, FL 32796

$220,000

3 bd · 2.0 ba · 1,267 sqft · SingleFamily public records · 115 Days on market

Built 1967 7,841 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 +18.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +4.9/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in Titusville, this 3-bedroom, 2-bath home offers great potential in a convenient Space Coast location. Features include a spacious eat in kitchen and family room combo, formal living room, and a screened lanai overlooking a fenced backyard with mature shade trees. Ideal for buyers ready to update and make it their own, this property is close to area schools, Kennedy Space Center, the Indian River Lagoon, nearby beaches, and the Orlando Theme Parks. Bring your vision and unlock the possibilities! All information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is. ''

Key facts

• Kennedy space center
• Screened lanai
• Mature shade trees

Tags

• SPACIOUS EAT IN KITCHEN
• SCREENED LANAI
• FENCED BACKYARD
• MATURE SHADE TREES
• CLOSE TO AREA SCHOOLS
• KENNEDY SPACE CENTER

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public sewer; Electricity available; Water available
• Home design: Single-family residence; One story; Faces east
• Construction: Concrete and stucco construction; Shingle roof; Built with a foundation (type not specified)
• Exterior features: Screened porch; Back yard fencing; Many trees on the lot; City street frontage; Asphalt road surface

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms (main level)
• Flooring: Tile; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Eat-in kitchen; 3 total rooms
• Laundry & utility: Unfurnished (no unit-provided washer/dryer listed)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $207 ($2k/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 $218k (0.8% below list).
• Recommended offer: $200k (9.0% below list) — sets the bar for market timing.

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: Oak Park Elementary School (math 36% / reading 37%, grade F, #1,656 of 2,144 statewide, top 78%, 501 students, 74% FRL); James Madison Middle School (math 39% / reading 39%, grade F, #381 of 571 statewide, top 67%, 446 students, 65% FRL); Astronaut High School (math 25% / reading 43%, grade F, #394 of 667 statewide, top 60%, 1,112 students, 51% FRL) — zoned schools average 63% FRL vs 43% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 55% district-wide (-18 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 256 active listings in the ZIP; 10 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 39% of the median local income ($67k/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 $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 115 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,200 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — 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. 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. 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: 0.99% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.02%
• DSCR: 1.18
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.59% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.55×
• Total profit: $-27,628
• Equity at exit: $32,803

10-year hold

• IRR: -7.9%
• Equity multiple: 0.56×
• Total profit: $-27,193
• Equity at exit: $19,022

Cash invested: $61,600 (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 32796

• Rents YoY: 0.6%
• Active inventory: 256
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,182 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$272 /mo · $3,263/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $207

Break-even live

Break-even rent $1,921

Max offer price $220,000

Occupancy floor 86%

Sensitivity live

Price	-10% $331	-5% $269	+0% $207	+5% $144	+10% $82
Rent	-10% $34	-5% $120	+0% $207	+5% $293	+10% $379
Rate	-1.0pp $317	-0.5pp $263	base $207	+0.5pp $150	+1.0pp $92

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1580 Liberty Tree Rd Titusville, FL	3.0	2.0	1458	$2,145	$1.47	15d	1	0.42mi
1539 Lafayette Ave Titusville, FL	3.0	2.0	1457	$2,260	$1.55	15d	1	0.57mi
1340 Sharon Dr Titusville, FL	3.0	2.0	1872	$2,516	$1.34	15d	1	0.61mi
3007 Telka Lynn Dr Titusville, FL	3.0	2.0	1560	$2,400	$1.54	24d	1	0.86mi
965 N Singleton Ave Titusville, FL	3.0	2.0	1493	$2,250	$1.51	20d	1	0.94mi
1105 Morse Ave Titusville, FL	3.0	2.0	1218	$1,995	$1.64	24d	1	0.97mi
2745 Starlight Dr Titusville, FL	3.0	2.0	1232	$1,800	$1.46	24d	1	0.98mi
945 Luna Ter Titusville, FL	4.0	2.0	1863	$2,600	$1.40	24d	1	0.99mi
609 Ward Ave Titusville, FL	3.0	2.0	1200	$1,950	$1.62	24d	1	1.29mi
583 Gardenia Cir Titusville, FL	3.0	2.0	1120	$1,800	$1.61	24d	1	1.35mi

Listing history 15 events

1. 2026-06-18
   days on market $220,000 Active 115 DOM
2. 2026-06-17
   days on market $220,000 Active 114 DOM
3. 2026-06-16
   days on market $220,000 Active 113 DOM
4. 2026-06-15
   days on market $220,000 Active 112 DOM
5. 2026-06-14
   days on market $220,000 Active 110 DOM
6. 2026-06-10
   days on market $220,000 Active 107 DOM
7. 2026-06-08
   days on market $220,000 Active 105 DOM
8. 2026-06-07
   days on market $220,000 Active 104 DOM
9. 2026-06-05
   days on market $220,000 Active 101 DOM
10. 2026-06-03
    days on market $220,000 Active 100 DOM
11. 2026-06-02
    days on market $220,000 Active 99 DOM
12. 2026-06-01
    days on market $220,000 Active 98 DOM
13. 2026-05-31
    days on market $220,000 Active 97 DOM
14. 2026-05-31
    days on market $220,000 Active 96 DOM
15. 2026-02-23
    listed $220,000 Active

ⓘ 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: $3,263 · $272/mo
• Projected year-2 tax: $3,263 · $272/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 · 22 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: $26,186
• − Mortgage interest: −$12,323
• − Property taxes: −$3,263
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,095
• − Management: −$2,095
• − Depreciation: −$6,400
• Taxable loss: −$1,091
• Est. tax savings @ 24.0%: +$262
• After-tax cash flow: $2,741/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): 20,222
• Household income: $67,491
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 403.0

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 (81%)
• Race & ethnicity: White 81% Black 8% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 3% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▼ -172.25%
• Current HPI: 303.5534
• Rent YoY: ▲ 0.59%
• 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

1 event — show timeline

• 2026-02-23 Listed $220,000 SCMLS

Property tax history

+24.0%/yr

Latest (2025): $3,263 · +3.9% YoY. Source: county tax records.