468 N Dixie Ave · Titusville, FL 32796

$99,000

1 bd · 1.0 ba · 460 sqft · Manufactured public records · 38 Days on market

Built 1961 8,712 sqft lot

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Why this score? — see what drove the B- 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 +28.1/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• 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 MLS

Very inexpensive home for sale, close to everything

Key facts

• Cement siding
• 0.2-acre corner lot
• Stucco exterior

Tags

• OWNED LAND
• NO HOA
• 0.2-ACRE CORNER LOT
• CEMENT SIDING
• STUCCO EXTERIOR
• NEW FRONT PORCH FRAMING

Property features AI

Finance

• Other: Living area approximately 720 (building total listed as 1,116); Lot size about 0.2 acres

Exterior

• Parking: Other parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Manufactured home; Faces west
• Construction: Aluminum siding, frame, and vinyl siding construction; Metal roof; Built as manufactured home
• Exterior features: Deck; Chain-link fencing; Corner lot with few trees

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating present (other type); Central/multi-unit cooling
• Interior features: Single-level living (one story); Unfurnished

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $312 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $96k (3.0% 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: W. Melbourne Elementary School For Science (math 88% / reading 86%, grade A+, #24 of 2,144 statewide, top 1%, 549 students, 18% 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 at 45% FRL track the district average.
• Market conditions: Rents flat; 259 active listings in the ZIP; 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 $684 of loan paydown is wiped out by about $3k 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 38 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $16k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $99k implies a 148% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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.
6. 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.
7. 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: 1.21% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.51%
• DSCR: 1.60
• GRM: 6.9

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: 1.0%
• Equity multiple: 1.04×
• Total profit: $992
• Equity at exit: $14,761

10-year hold

• IRR: 8.1%
• Equity multiple: 1.55×
• Total profit: $15,325
• Equity at exit: $8,560

Cash invested: $27,720 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,198 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$74 /mo · $884/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $312

Break-even live

Break-even rent $803

Max offer price $99,000

Occupancy floor 69%

Sensitivity live

Price	-10% $368	-5% $340	+0% $312	+5% $284	+10% $256
Rent	-10% $218	-5% $265	+0% $312	+5% $359	+10% $407
Rate	-1.0pp $362	-0.5pp $337	base $312	+0.5pp $287	+1.0pp $260

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-22
   days on market $99,000 Active 38 DOM
2. 2026-06-18
   days on market $99,000 Active 35 DOM
3. 2026-06-17
   days on market $99,000 Active 34 DOM
4. 2026-06-16
   days on market $99,000 Active 33 DOM
5. 2026-06-15
   days on market $99,000 Active 32 DOM
6. 2026-06-14
   days on market $99,000 Active 30 DOM
7. 2026-06-10
   days on market $99,000 Active 27 DOM
8. 2026-06-08
   days on market $99,000 Active 25 DOM
9. 2026-06-07
   days on market $99,000 Active 24 DOM
10. 2026-06-05
    days on market $99,000 Active 21 DOM
11. 2026-06-03
    days on market $99,000 Active 20 DOM
12. 2026-06-02
    days on market $99,000 Active 19 DOM
13. 2026-06-01
    days on market $99,000 Active 18 DOM
14. 2026-05-31
    days on market $99,000 Active 17 DOM
15. 2026-05-31
    pricedays on market $99,000 Active 16 DOM
16. 2026-05-14
    listed $115,000 Active
17. 2022-01-18
    soldstatus $40,000 Closed 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

18. 2021-06-24
    historical Contingent 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

19. 2021-06-24
    status Pending 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

20. 2020-10-17
    historical Backups 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

21. 2020-10-14
    status Active 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

22. 2020-10-04
    historical Backups 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

23. 2020-09-29
    listed $49,900 Active 51-char remark

    Show marketing remark (51 chars)

    Very inexpensive home for sale, close to everything

24. 2016-11-21
    historical 118-char remark

    Show marketing remark (118 chars)

    Very nice corner lot at N. Dixie hwy and Kel ave. Mobile home with addition, 3 bedrooms 2 baths also has 8x8x8 cellar.

25. 2016-09-26
    listed $29,900 118-char remark

    Show marketing remark (118 chars)

    Very nice corner lot at N. Dixie hwy and Kel ave. Mobile home with addition, 3 bedrooms 2 baths also has 8x8x8 cellar.

26. 1994-07-27
    soldstatus $18,000
27. 1974-04-01
    soldstatus $5,300

ⓘ 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: $884 · $74/mo
• Projected year-2 tax: $884 · $74/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 4/10 Moderate
• 🌡 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: $14,373
• − Mortgage interest: −$5,546
• − Property taxes: −$884
• − Insurance: −$495
• − Repairs & maintenance: −$1,150
• − Management: −$1,150
• − Depreciation: −$2,880
• Taxable income: $2,269
• Est. tax owed @ 24.0%: −$545
• After-tax cash flow: $3,202/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

+2069.8% since first listed

12 events — show timeline

• 2026-05-14 Listed $115,000 SCMLS
• 2022-01-18 Sold (MLS) $40,000 SCMLS
• 2021-06-24 Contingent — SCMLS
• 2021-06-24 Pending — SCMLS
• 2020-10-17 Contingent — SCMLS
• 2020-10-14 Relisted — SCMLS
• 2020-10-04 Contingent — SCMLS
• 2020-09-29 Listed $49,900 SCMLS
• 2016-11-21 Listing Removed — SCMLS
• 2016-09-26 Listed $29,900 SCMLS
• 1994-07-27 Sold (Public Records) $18,000 Public Records
• 1974-04-01 Sold (Public Records) $5,300 Public Records

Property tax history

+4.0%/yr

Latest (2025): $884 · +0.8% YoY. Source: county tax records.