941 Croton Rd · Melbourne, FL 32935

$195,000

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 196 Days on market

Built 1957 9,583 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 +9.9/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• 1% rule +3.2/10.0
• DSCR +2.8/10.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

Key facts

• Spacious backyard
• Recent plumbing
• Renovated house

Tags

• RENOVATED HOUSE
• SPACIOUS BACKYARD
• RECENT PLUMBING
• NEWER AC SYSTEM

Property features AI

Finance

• Other: Pets allowed (cats and dogs)

Exterior

• Parking: Attached carport
• Utilities: Public sewer; Cable connected; Electricity available and connected; Sewer connected
• Home design: Single family residence; One story; Faces west; Residential use
• Construction: Concrete construction; Shingle roof; Built with foundation appropriate for concrete construction
• Exterior features: Patio; Fenced yard (wood)

Interior

• Kitchen: Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; Pantry
• Laundry & utility: Washer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-121 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $174k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (18.4% below list).
• Recommended offer: $159k (18.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: Croton Elementary School (math 59% / reading 54%, grade C+, #816 of 2,144 statewide, top 39%, 488 students, 64% FRL); Lyndon B. Johnson Middle School (math 40% / reading 42%, grade F, #353 of 571 statewide, top 63%, 610 students, 61% FRL); Eau Gallie High School (math 20% / reading 49%, grade F, #386 of 667 statewide, top 59%, 1,586 students, 55% FRL) — zoned schools average 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 332 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $1k of loan paydown is wiped out by about $6k 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 196 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 8y ago; this cycle's ask has dropped $65k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,076 (18.4% 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. It's been on market 196 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.82% ✗
• Cap rate: 5.55%
• Cash-on-cash: -2.66%
• DSCR: 0.88
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.53% rent growth · sell at horizon

5-year hold

• IRR: -23.6%
• Equity multiple: 0.21×
• Total profit: $-43,109
• Equity at exit: $29,075

10-year hold

• IRR: -27.1%
• Equity multiple: -0.14×
• Total profit: $-62,343
• Equity at exit: $16,860

Cash invested: $54,600 (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 32935

• Rents YoY: 0.5%
• Active inventory: 332
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$274 /mo · $3,284/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $-121

Break-even live

Break-even rent $1,744

Max offer price $173,657

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-66	+0% $-121	+5% $-176	+10% $-231
Rent	-10% $-246	-5% $-184	+0% $-121	+5% $-58	+10% $5
Rate	-1.0pp $-23	-0.5pp $-71	base $-121	+0.5pp $-171	+1.0pp $-223

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1965 Barkley Ave Melbourne, FL	3.0	1.0	1000	$1,600	$1.60	24d	1	0.31mi
1688 Eisenhower Ave Melbourne, FL	3.0	1.5	988	$1,700	$1.72	24d	1	0.44mi
848 Comanche Ave Melbourne, FL	3.0	2.0	1080	$1,950	$1.81	24d	1	0.50mi
2587 Pepper Ave Melbourne, FL	3.0	1.0	800	$1,575	$1.97	24d	1	0.60mi
2659 Burns Ave Melbourne, FL	3.0	1.0	1044	$1,850	$1.77	24d	1	0.67mi
2794 Rhonda Ln Melbourne, FL	2.0	2.0	996	$1,900	$1.91	24d	1	0.85mi
1032 Hidden Harbour Dr Melbourne, FL	1.0	1.0	921	$1,249	$1.36	24d	1	0.85mi
1032 Hidden Harbour Dr Melbourne, FL	1.0	1.0	752	$1,259	$1.67	14d	1	0.85mi
1225 N Wickham Rd #726 Melbourne, FL	2.0	2.0	859	$1,500	$1.75	21d	1	0.99mi
2910 Zephyr Ln Melbourne, FL	2.0	1.0	828	$1,700	$2.05	24d	1	1.03mi
214 San Juan Cir Melbourne, FL	1.0	1.0	708	$1,250	$1.77	24d	1	1.14mi
820 N Wickham Rd Melbourne, FL	1.0–2.0	1.0	720	$1,385	$1.92	14d	8	1.15mi
196 San Juan Cir Melbourne, FL	2.0	1.0	955	$1,400	$1.47	24d	1	1.15mi
109 San Juan Cir Melbourne, FL	2.0	1.0	955	$1,400	$1.47	21d	1	1.16mi
500 N Wickham Rd Melbourne, FL	2.0	2.0	1000	$1,449	$1.45	14d	8	1.27mi
653 Ridge Club Dr #27 Melbourne, FL	2.0	1.5	900	$1,550	$1.72	24d	1	1.30mi
1252 Ridgewood Dr Melbourne, FL	3.0	2.0	1114	$1,785	$1.60	19d	1	1.37mi
2242 Flower Tree Cir Melbourne, FL	2.0	2.0	879	$1,300	$1.48	24d	1	1.42mi

Listing history 30 events

1. 2026-05-13
   status Pending
2. 2026-05-09
   price $195,000
3. 2026-04-30
   status Active
4. 2026-03-19
   status Pending
5. 2026-03-14
   price $199,900
6. 2026-03-14
   price $199,990
7. 2026-03-14
   price $19,999,000
8. 2026-02-13
   status Active
9. 2025-11-15
   status Active
10. 2025-09-04
    price $210,000
11. 2025-08-19
    status Active
12. 2025-04-14
    status Active
13. 2025-04-13
    status Pending
14. 2025-04-13
    historical
15. 2025-04-13
    historical
16. 2025-04-13
    historical
17. 2025-04-09
    price $220,000
18. 2025-02-21
    price $230,000
19. 2025-02-01
    price $249,900
20. 2024-11-15
    listed $259,900 Active
21. 2024-11-10
    historical 1323-char remark

    Show marketing remark (1323 chars)

    Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

22. 2024-10-13
    price $244,900 1323-char remark

    Show marketing remark (1323 chars)

    Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

23. 2024-07-12
    price $254,900 1323-char remark

    Show marketing remark (1323 chars)

    Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

24. 2024-06-18
    price $269,900 1323-char remark

    Show marketing remark (1323 chars)

    Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

25. 2024-05-31
    listed $279,900 Active 1323-char remark

    Show marketing remark (1323 chars)

    Motivated Sellers. Welcome to your new updated home in the heart of Melbourne! This charming property boasts a prime location, situated close to shopping centers, schools, hospitals, and stunning beaches, offering convenience and accessibility at every turn. Perfectly positioned in front of a bustling shopping center, you'll enjoy easy access to amenities right at your doorstep. Step inside to discover a beautifully updated interior. Nestled near the corner of Croton and Sarno Rd, this home offers both privacy and connectivity. The addition of 2 BONUS ROOM provides versatile space, perfect for a cozy den, home office, or playroom, ensuring there's room for everyone to spread out and relax. Outside, a spacious fenced backyard awaits, providing a safe haven for children and pets to play freely. Recent plumbing updates and a newer AC system offer peace of mind and modern comfort. Plus, with its location within a commercial zone, the possibilities are endless-you could easily transform the attached, oversized room into your dream home office or studio, blending work and leisure seamlessly. Don't miss this incredible opportunity to own a home that offers both convenience and potential in one of Melbourne's most sought-after neighborhoods. Schedule your showing today and make this your own piece of paradise!

26. 2019-12-05
    soldstatus $140,000
27. 2019-12-04
    soldstatus $140,000 386-char remark

    Show marketing remark (386 chars)

    RECENTLY CHANGE PRICE. This nice home is located in the heart of Melbourne, close to the shopping centers, schools, Hospital, beaches and more. It is also in front of a shopping center. This property was completely updated and is almost in the corner of Croton and Sarno Rd. It also have a BONUS ROOM completely enclose, fenced big backyard, and new plumbing. The house have a newer Ac.

28. 2019-07-12
    listed $139,999 386-char remark

    Show marketing remark (386 chars)

    RECENTLY CHANGE PRICE. This nice home is located in the heart of Melbourne, close to the shopping centers, schools, Hospital, beaches and more. It is also in front of a shopping center. This property was completely updated and is almost in the corner of Croton and Sarno Rd. It also have a BONUS ROOM completely enclose, fenced big backyard, and new plumbing. The house have a newer Ac.

29. 2019-06-27
    historical
30. 2018-10-22
    listed $135,000

ⓘ 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: $3,284 · $274/mo
• Projected year-2 tax: $3,284 · $274/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 ≥105°F today · 24 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: $19,089
• − Mortgage interest: −$10,923
• − Property taxes: −$3,284
• − Insurance: −$975
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$5,673
• Taxable loss: −$4,820
• Est. tax savings @ 24.0%: +$1,157
• After-tax cash flow: $-293/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 — Melbourne

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Melbourne, FL
• County: Brevard County · 602,871 people
• City population: 178,420
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,965
• Household income: $64,588
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1747.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 13% Two or more races 9% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Vietnam, Jamaica
• Languages at home: 88% English-only · Spanish 8% Other Indo-European 1% Tagalog/Filipino 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: ▼ -185.48%
• Current HPI: 308.7443
• Rent YoY: ▲ 0.53%
• 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

+44.4% since first listed

30 events — show timeline

• 2026-05-13 Pending — SCMLS
• 2026-05-09 Price Changed $195,000 SCMLS
• 2026-04-30 Relisted — SCMLS
• 2026-03-19 Pending — SCMLS
• 2026-03-14 Price Changed $199,900 SCMLS
• 2026-03-14 Price Changed $199,990 SCMLS
• 2026-03-14 Price Changed $19,999,000 SCMLS
• 2026-02-13 Relisted — SCMLS
• 2025-11-15 Relisted — SCMLS
• 2025-09-04 Price Changed $210,000 SCMLS
• 2025-08-19 Relisted — SCMLS
• 2025-04-14 Relisted — SCMLS
• 2025-04-13 Pending — SCMLS
• 2025-04-13 Listing Removed — SCMLS
• 2025-04-13 Listing Removed — SCMLS
• 2025-04-13 Listing Removed — SCMLS
• 2025-04-09 Price Changed $220,000 SCMLS
• 2025-02-21 Price Changed $230,000 SCMLS
• 2025-02-01 Price Changed $249,900 SCMLS
• 2024-11-15 Listed $259,900 SCMLS
• 2024-11-10 Listing Removed — SCMLS
• 2024-10-13 Price Changed $244,900 SCMLS
• 2024-07-12 Price Changed $254,900 SCMLS
• 2024-06-18 Price Changed $269,900 SCMLS
• 2024-05-31 Listed $279,900 SCMLS
• 2019-12-05 Sold (Public Records) $140,000 Public Records
• 2019-12-04 Sold (MLS) $140,000 SCMLS
• 2019-07-12 Listed $139,999 SCMLS
• 2019-06-27 Listing Removed — SCMLS
• 2018-10-22 Listed $135,000 SCMLS

Property tax history

+5.9%/yr

Latest (2025): $3,284 · +148.5% YoY. Source: county tax records.