3333 Elder St · Titusville, FL 32796

$255,000

3 bd · 2.0 ba · 1,064 sqft · SingleFamily public records · 11 Days on market

Built 1961 8,276 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 +9.8/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +2.8/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice starter home. This Home Needs TLC. Mostly Cosmetic.

Key facts

• New metal roof
• New kitchen
• New interior doors

Tags

• NEW METAL ROOF
• NEW KITCHEN
• NEW BATHROOMS
• NEW DOUBLE PANE WINDOWS
• ADDITIONAL INSULATION
• NEW INTERIOR DOORS

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Covered carport with 2 spaces
• Security: Smoke detectors
• Utilities: Septic tank; Cable available; Electricity connected; Water connected
• Home design: Single Family Residence; One level (entry level 1); North-facing
• Construction: Built with brick, concrete, and fiber cement; Metal roof
• Exterior features: Back yard with chain link and wood fencing; Shed(s); Many trees; City street frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Primary bathroom with shower (no tub); 8 total rooms; Living room
• Laundry & utility: In-unit laundry with washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-164 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (11.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (28.3% below list).
• Recommended offer: $183k (28.3% 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: 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; 259 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 33% 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 $8k 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 23y 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 $45k; list at $255k implies a 467% 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; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,822 (28.3% 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. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.72% ✗
• Cap rate: 5.52%
• Cash-on-cash: -2.76%
• DSCR: 0.88
• GRM: 11.6

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: -23.4%
• Equity multiple: 0.21×
• Total profit: $-56,194
• Equity at exit: $38,021

10-year hold

• IRR: -25.4%
• Equity multiple: -0.12×
• Total profit: $-79,621
• Equity at exit: $22,048

Cash invested: $71,400 (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: 259
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,828 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$165 /mo · $1,983/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-164

Break-even live

Break-even rent $2,036

Max offer price $225,941

Occupancy floor —

Sensitivity live

Price	-10% $-20	-5% $-92	+0% $-164	+5% $-237	+10% $-309
Rent	-10% $-309	-5% $-237	+0% $-164	+5% $-92	+10% $-20
Rate	-1.0pp $-36	-0.5pp $-100	base $-164	+0.5pp $-231	+1.0pp $-298

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
292 W Towne Pl Titusville, FL	2.0	2.5	1242	$1,450	$1.17	16d	1	0.09mi
265 W Towne Pl Titusville, FL	2.0	1.0	1128	$1,650	$1.46	25d	1	0.13mi
609 Ward Ave Titusville, FL	3.0	2.0	1200	$1,950	$1.62	25d	1	0.29mi
583 Gardenia Cir Titusville, FL	3.0	2.0	1120	$1,800	$1.61	25d	1	0.30mi
102 S Christmas Hill Rd Titusville, FL	3.0	2.0	1304	$2,200	$1.69	25d	1	0.67mi
102 S Christmas Hill Rd Titusville, FL	3.0	2.0	1304	$2,300	$1.76	16d	1	0.67mi
965 N Singleton Ave Titusville, FL	3.0	2.0	1493	$2,250	$1.51	21d	1	0.68mi
2745 Starlight Dr Titusville, FL	3.0	2.0	1232	$1,800	$1.46	25d	1	0.82mi
3960 Barcelona St Titusville, FL	3.0	1.0	1040	$1,800	$1.73	25d	1	0.92mi
1105 Morse Ave Titusville, FL	3.0	2.0	1218	$1,995	$1.64	25d	1	0.97mi
955 N Carpenter Rd Titusville, FL	3.0	1.0	816	$1,550	$1.90	23d	1	1.07mi
2008 Vaughn St Titusville, FL	3.0	1.5	1198	$1,850	$1.54	25d	1	1.16mi
1539 Lafayette Ave Titusville, FL	3.0	2.0	1457	$2,260	$1.55	16d	1	1.43mi
1580 Liberty Tree Rd Titusville, FL	3.0	2.0	1458	$2,145	$1.47	16d	1	1.45mi
500 Rockpit Rd Titusville, FL	2.0	1.0	700	$1,050	$1.50	25d	1	1.50mi

Listing history 9 events

1. 2026-06-22
   days on market $255,000 Active 11 DOM
2. 2026-06-18
   days on market $255,000 Active 8 DOM
3. 2026-06-17
   days on market $255,000 Active 7 DOM
4. 2026-06-16
   days on market $255,000 Active 6 DOM
5. 2026-06-15
   remarks 514-char remark
6. 2026-06-15
   price $255,000 Active 5 DOM
7. 2026-06-15
   days on market $265,000 Active 5 DOM
8. 2026-06-14
   remarks 496-char remark
9. 2026-06-14
   listed $265,000 Active 3 DOM

ⓘ 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: $1,983 · $165/mo
• Projected year-2 tax: $2,116 · $176/mo
• Expected delta: +$133/yr (+$11/mo · 6.7%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 21 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: $21,939
• − Mortgage interest: −$14,284
• − Property taxes: −$1,983
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,755
• − Management: −$1,755
• − Depreciation: −$7,418
• Taxable loss: −$6,532
• Est. tax savings @ 24.0%: +$1,568
• After-tax cash flow: $-406/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

+246.4% since first listed

11 events — show timeline

• 2026-06-09 Listed $265,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2015-09-17 Sold (MLS) $45,000 SCMLS
• 2015-05-12 Listed $43,193 SCMLS
• 2008-01-05 Listed $138,200 SCMLS
• 2004-06-28 Sold (Public Records) $102,000 Public Records
• 2004-06-02 Sold (Public Records) $95,000 Public Records
• 2004-05-17 Sold (MLS) $80,000 SCMLS
• 2004-01-22 Listed $84,000 SCMLS
• 2003-01-22 Listed $76,500 SCMLS

Property tax history

+7.5%/yr

Latest (2025): $1,983 · +3.7% YoY. Source: county tax records.