3303 Turnbull Rd · Mims, FL 32754

$175,000

3 bd · 2.0 ba · 1,800 sqft · Manufactured public records · 64 Days on market

Built 2005 0.38 ac 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 +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 3 bed 2 bath home, just out of town with that in the county feel. Enjoy your corner lot, fully fenced and NO HOA. This split plan home is over 1800 sq ft, on . 31 of an acre and has a parking out back for all your toys. The building outback is likely a tear down, unless you are handy and can fix. Inside you have tons of room with a family and dining room, the master has its very own sitting room and huge walk in closet, the kitchen boast of a generous amount of cabinets and counter space, newer appliances and lovely natural light. Great property for 203K FHA loan, as the house needs some repair. Come make this house your home! HVAC 2013, W/ H 2010, Roof 2005.

Key facts

• 0.38 acre lot
• Built 2005
• Listed 64 days

Property features AI

Finance

• Other: Lot approximately 0.38 acres (97 x 170); Asphalt road access; Living area reported as 1,800 square feet; Property type: Residential; Property subtype: Manufactured Home; Zoning: TR-1; Furnished: Unfurnished
• HOA & community: No association indicated

Exterior

• Utilities: Public water; Septic tank; Electricity connected
• Home design: Manufactured home (Double wide); Single-story; Faces southwest; Homestead exempt
• Construction: Shingle roof; Constructed with other materials; Crawlspace foundation
• Exterior features: Other exterior features

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating system specified; Cooling: Other
• Interior features: Open floorplan; 3 total rooms
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $630 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#765 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools 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.
• Market conditions: 184 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $5k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

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 $164,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.30% ✓
• Cap rate: 10.61%
• Cash-on-cash: 15.42%
• DSCR: 1.69
• GRM: 6.4

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: 6.2%
• Equity multiple: 1.24×
• Total profit: $11,747
• Equity at exit: $26,093

10-year hold

• IRR: 15.5%
• Equity multiple: 2.26×
• Total profit: $61,889
• Equity at exit: $15,131

Cash invested: $49,000 (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 32754

• Home prices YoY: -9.4%
• Active inventory: 184
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,271 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$174 /mo · $2,087/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $630

Break-even live

Break-even rent $1,474

Max offer price $175,000

Occupancy floor 67%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3738 Loggerhead Ln Mims, FL	4.0	2.0	1918	$2,271	$1.18	14d	1	0.72mi

Listing history 19 events

1. 2026-06-18
   days on market $175,000 Active 64 DOM
2. 2026-06-17
   days on market $175,000 Active 63 DOM
3. 2026-06-16
   days on market $175,000 Active 62 DOM
4. 2026-06-15
   days on market $175,000 Active 61 DOM
5. 2026-06-14
   days on market $175,000 Active 59 DOM
6. 2026-06-10
   days on market $175,000 Active 56 DOM
7. 2026-06-08
   days on market $175,000 Active 54 DOM
8. 2026-06-07
   days on market $175,000 Active 53 DOM
9. 2026-06-05
   days on market $175,000 Active 50 DOM
10. 2026-06-03
    days on market $175,000 Active 49 DOM
11. 2026-06-02
    days on market $175,000 Active 48 DOM
12. 2026-06-01
    days on market $175,000 Active 47 DOM
13. 2026-05-31
    days on market $175,000 Active 46 DOM
14. 2026-05-31
    days on market $175,000 Active 45 DOM
15. 2026-04-15
    listed $175,000 Active
16. 2023-08-07
    soldstatus $220,000 Closed 676-char remark

    Show marketing remark (676 chars)

    Spacious 3 bed 2 bath home, just out of town with that in the county feel. Enjoy your corner lot, fully fenced and NO HOA. This split plan home is over 1800 sq ft, on . 31 of an acre and has a parking out back for all your toys. The building outback is likely a tear down, unless you are handy and can fix. Inside you have tons of room with a family and dining room, the master has its very own sitting room and huge walk in closet, the kitchen boast of a generous amount of cabinets and counter space, newer appliances and lovely natural light. Great property for 203K FHA loan, as the house needs some repair. Come make this house your home! HVAC 2013, W/ H 2010, Roof 2005.

17. 2023-06-10
    historical Contingent 676-char remark

    Show marketing remark (676 chars)

    Spacious 3 bed 2 bath home, just out of town with that in the county feel. Enjoy your corner lot, fully fenced and NO HOA. This split plan home is over 1800 sq ft, on . 31 of an acre and has a parking out back for all your toys. The building outback is likely a tear down, unless you are handy and can fix. Inside you have tons of room with a family and dining room, the master has its very own sitting room and huge walk in closet, the kitchen boast of a generous amount of cabinets and counter space, newer appliances and lovely natural light. Great property for 203K FHA loan, as the house needs some repair. Come make this house your home! HVAC 2013, W/ H 2010, Roof 2005.

18. 2023-05-30
    listed $230,000 Active 676-char remark

    Show marketing remark (676 chars)

    Spacious 3 bed 2 bath home, just out of town with that in the county feel. Enjoy your corner lot, fully fenced and NO HOA. This split plan home is over 1800 sq ft, on . 31 of an acre and has a parking out back for all your toys. The building outback is likely a tear down, unless you are handy and can fix. Inside you have tons of room with a family and dining room, the master has its very own sitting room and huge walk in closet, the kitchen boast of a generous amount of cabinets and counter space, newer appliances and lovely natural light. Great property for 203K FHA loan, as the house needs some repair. Come make this house your home! HVAC 2013, W/ H 2010, Roof 2005.

19. 2019-03-01
    soldstatus $120,000

ⓘ 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: $2,087 · $174/mo
• Projected year-2 tax: $2,087 · $174/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 10/10 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: $27,252
• − Mortgage interest: −$9,803
• − Property taxes: −$2,087
• − Insurance: −$875
• − Repairs & maintenance: −$2,180
• − Management: −$2,180
• − Depreciation: −$5,091
• Taxable income: $5,037
• Est. tax owed @ 24.0%: −$1,209
• After-tax cash flow: $6,346/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 — Mims

• Score: 62/100
• State rank: #765
• US rank: #17094

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A+ Health & safety D- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mims, FL
• Population (ZIP): 11,250

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 (92%)
• Race & ethnicity: White 92% Black 5% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Iranian 3% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -34.55%
• Current HPI: 333.7709
• 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

+45.8% since first listed

5 events — show timeline

• 2026-04-15 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-07 Sold (MLS) $220,000 SCMLS
• 2023-06-10 Contingent — SCMLS
• 2023-05-30 Listed $230,000 SCMLS
• 2019-03-01 Sold (Public Records) $120,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $2,087 · +0.0% YoY. Source: county tax records.