1281 Cheney Hwy Unit H · Titusville, FL 32780

$139,000

2 bd · 2.0 ba · 962 sqft · Townhouse public records · 269 Days on market

Built 1984 2,178 sqft lot $140/mo HOA · 9% of rent

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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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Schools +4.7/10.0
• 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

2bdrm, 2bath townhome to be sold ''''AS IS''''. No warranty implied or otherwise. Needs some TLC. Roof replaced 2008, ceramic tile floor 2007, washer & dryer 2004, dishwasher 2006, refrigerator 2007. A/C 2006. Convenient to shopping restaurants and main arteries of travel. Orlando airport just 40 minutes away!

Key facts

• Vinyl flooring
• Convenient location
• Good natural light

Tags

• TANKLESS WATER HEATER
• VINYL FLOORING
• GOOD NATURAL LIGHT
• NICE SEPARATION FOR PRIVACY
• SIMPLE COSMETIC UPDATES
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Lot features: Other
• HOA & community: Community association (Meadows South); Monthly association fee of $140; Association fee includes cable TV, insurance, grounds maintenance, pest control, and trash

Exterior

• Parking: Assigned parking
• Utilities: Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Townhouse; Faces north; Single-family residential use; Living area approximately 962
• Construction: Frame and stucco construction; Pets allowed
• Exterior features: Porch; Screened porch; Shingle roof; Private road frontage; Concrete road surface

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Tankless water heater
• Bedrooms: 2 bedrooms (both on the first floor)
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Primary bathroom with shower (no tub); Split bedroom floor plan; Walk-in closet(s); Partially furnished
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $139k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $139k).
• Recommended offer: $122k (12.0% 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: Imperial Estates Elementary School (math 46% / reading 50%, grade D, #1,171 of 2,144 statewide, top 55%, 658 students, 58% 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).
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 34 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 $961 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 269 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $139k implies a 595% 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 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.07% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 7.8

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: -8.2%
• Equity multiple: 0.70×
• Total profit: $-11,591
• Equity at exit: $20,725

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-2,676
• Equity at exit: $12,018

Cash invested: $38,920 (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: 462
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,485 high
• Mortgage (P&I): −$729
• Tax from tax record: −$36 /mo · $427/yr
• Insurance: −$58
• HOA: −$140
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $211

Break-even live

Break-even rent $1,218

Max offer price $139,000

Occupancy floor 81%

Sensitivity live

Price	-10% $289	-5% $250	+0% $211	+5% $171	+10% $132
Rent	-10% $93	-5% $152	+0% $211	+5% $269	+10% $328
Rate	-1.0pp $281	-0.5pp $246	base $211	+0.5pp $175	+1.0pp $138

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1281 Cheney Hwy Unit E Titusville, FL	2.0	2.0	962	$1,450	$1.51	24d	1	0.01mi
1293 Cheney Hwy Unit G Titusville, FL	2.0	2.0	962	$1,389	$1.44	15d	1	0.08mi
1321 Cheney Hwy Titusville, FL	2.0	2.0	962	$1,600	$1.66	24d	1	0.10mi
1321 Cheney Hwy Unit F Titusville, FL	2.0	2.5	962	$1,500	$1.56	24d	1	0.10mi
1700 Chaucer Rd Titusville, FL	3.0	1.5	897	$1,600	$1.78	24d	1	0.39mi
4700 Barna Ave Titusville, FL	2.0	1.0	825	$1,298	$1.57	15d	3	0.50mi
4487 Barna Ave #4487 Titusville, FL	2.0	1.0	800	$1,450	$1.81	15d	1	0.53mi
4171 David Dr Titusville, FL	2.0	1.0	900	$1,075	$1.19	24d	1	0.64mi
628 Timber Trace Ln Titusville, FL	2.0–3.0	2.0	1104	$1,267	$1.15	24d	1	0.97mi
4050 Mount Sterling Ave Titusville, FL	3.0	1.0	960	$1,700	$1.77	15d	1	1.08mi
3645 Barna Ave Titusville, FL	1.0–2.0	1.0	895	$1,350	$1.51	24d	4	1.10mi
4124 Mount Vernon Ave Titusville, FL	2.0	1.0	901	$1,200	$1.33	15d	1	1.13mi
3805 S Hopkins Ave Titusville, FL	1.0–2.0	1.0	720	$1,790	$2.49	15d	7	1.16mi
3590 Sable Palm Ln Unit G Titusville, FL	1.0	1.0	695	$1,125	$1.62	24d	1	1.25mi
2205 Knox McRae Dr Unit 14 Titusville, FL	2.0	2.0	840	$1,125	$1.34	24d	1	1.27mi
2170 Knox Mc Rae Dr #39 Titusville, FL	1.0	1.0	550	$1,000	$1.82	15d	1	1.29mi
2170 Knox Mc Rae Dr #38 Titusville, FL	1.0	1.0	550	$1,050	$1.91	24d	1	1.29mi
2170 Knox Mc Rae Dr #5 Titusville, FL	2.0	2.0	831	$1,100	$1.32	22d	1	1.29mi
3570 Sable Palm Ln Titusville, FL	1.0–2.0	1.0–2.0	779	$1,350	$1.73	22d	3	1.29mi
3550 Sable Palm Ln Unit L Titusville, FL	1.0	1.0	695	$1,150	$1.65	24d	1	1.33mi
190 E Olmstead Dr Unit M1 Titusville, FL	2.0	2.0	1023	$1,800	$1.76	24d	1	1.33mi
2190 Knox McRae Dr Unit D Titusville, FL	2.0	1.0	820	$1,100	$1.34	20d	1	1.34mi
2192 Knox McRae Dr Unit 1 Titusville, FL	2.0	1.0	817	$1,100	$1.35	24d	1	1.34mi
2190 Knox McRae Dr Unit F Titusville, FL	2.0	1.0	820	$1,050	$1.28	24d	1	1.34mi
3555 Sable Palm Ln Unit 7K Titusville, FL	2.0	2.0	864	$1,300	$1.50	24d	1	1.35mi
3555 Sable Palm Ln Unit F Titusville, FL	2.0	2.0	864	$1,350	$1.56	24d	1	1.35mi
190 E Olmstead Dr Titusville, FL	2.0–3.0	1.0–2.0	1091	$1,350	$1.24	24d	5	1.35mi
2605 Columbia Blvd Titusville, FL	1.0–2.0	1.0	716	$1,562	$2.18	15d	4	1.45mi
1039 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,800	$1.76	24d	1	1.49mi
1041 Country Club Dr #426 Titusville, FL	2.0	2.0	1020	$1,800	$1.76	24d	1	1.49mi
1041 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,900	$1.86	24d	1	1.49mi
1099 Country Club Dr #811 Titusville, FL	2.0	2.0	940	$1,800	$1.91	24d	1	1.49mi
1237 Country Club Dr Titusville, FL	2.0	2.0	970	$1,600	$1.65	24d	1	1.50mi
1209 Country Club Dr Titusville, FL	2.0	2.0	935	$1,700	$1.82	24d	1	1.50mi

HOA detail

• Monthly dues: $140 · $1,680/yr

Listing history 19 events

1. 2026-06-18
   days on market $139,000 Active 269 DOM
2. 2026-06-17
   days on market $139,000 Active 268 DOM
3. 2026-06-16
   days on market $139,000 Active 267 DOM
4. 2026-06-15
   days on market $139,000 Active 266 DOM
5. 2026-06-14
   days on market $139,000 Active 264 DOM
6. 2026-06-10
   days on market $139,000 Active 261 DOM
7. 2026-06-08
   days on market $139,000 Active 259 DOM
8. 2026-06-07
   days on market $139,000 Active 258 DOM
9. 2026-06-05
   days on market $139,000 Active 255 DOM
10. 2026-06-03
    days on market $139,000 Active 254 DOM
11. 2026-06-02
    days on market $139,000 Active 253 DOM
12. 2026-06-01
    days on market $139,000 Active 252 DOM
13. 2026-05-31
    days on market $139,000 Active 251 DOM
14. 2026-05-31
    days on market $139,000 Active 250 DOM
15. 2026-03-19
    price $139,000
16. 2026-02-02
    price $149,000
17. 2025-09-22
    listed $153,000 Active
18. 2011-08-26
    soldstatus $20,000 317-char remark

    Show marketing remark (317 chars)

    2bdrm, 2bath townhome to be sold ''''AS IS''''. No warranty implied or otherwise. Needs some TLC. Roof replaced 2008, ceramic tile floor 2007, washer & dryer 2004, dishwasher 2006, refrigerator 2007. A/C 2006. Convenient to shopping restaurants and main arteries of travel. Orlando airport just 40 minutes away!

19. 2011-06-03
    listed $29,000 317-char remark

    Show marketing remark (317 chars)

    2bdrm, 2bath townhome to be sold ''''AS IS''''. No warranty implied or otherwise. Needs some TLC. Roof replaced 2008, ceramic tile floor 2007, washer & dryer 2004, dishwasher 2006, refrigerator 2007. A/C 2006. Convenient to shopping restaurants and main arteries of travel. Orlando airport just 40 minutes away!

ⓘ 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: $427 · $36/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$727/yr (+$61/mo · 170.4%)

ⓘ 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 10/10 Extreme 8 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: $17,820
• − Mortgage interest: −$7,786
• − Property taxes: −$427
• − Insurance: −$695
• − Repairs & maintenance: −$1,426
• − Management: −$1,426
• − HOA: −$1,680
• − Depreciation: −$4,044
• Taxable income: $337
• Est. tax owed @ 24.0%: −$81
• After-tax cash flow: $2,448/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

+379.3% since first listed

5 events — show timeline

• 2026-03-19 Price Changed $139,000 SCMLS
• 2026-02-02 Price Changed $149,000 SCMLS
• 2025-09-22 Listed $153,000 SCMLS
• 2011-08-26 Sold (MLS) $20,000 SCMLS
• 2011-06-03 Listed $29,000 SCMLS

Property tax history

+5.6%/yr

Latest (2025): $427 · +6.7% YoY. Source: county tax records.