1720 Murrell Rd #120 · Rockledge, FL 32955

$165,000

2 bd · 2.0 ba · 928 sqft · Condo public records · 1 Days on market

Built 1986 $215/mo HOA · 12% 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 +18.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• DSCR +5.8/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated 2-bed, 2-bath move-in ready condo in the heart of Rockledge! This freshly painted home features a bright kitchen with stainless steel appliances, sleek granite countertops, and an expansive breakfast bar. Tile flooring flows throughout, complemented by modern touches including brand-new light fixtures, ceiling fans, and window blinds. Every closet has been outfitted with new shelving, and a brand-new stacked washer/dryer is included for added convenience. Step outside to your private screen-enclosed patio--the perfect spot to relax and soak in the Florida breeze. This first-floor unit offers easy access to assigned parking and a convenient, step-free entry. Hazelwood Villas is a well-maintained, pet-friendly community with a LOW HOA fee, centrally-located near schools, shopping and dining. Easy access to 520, only minutes to Historic Cocoa Village, Merritt Island, and the beaches! Orlando airport and world-famous attractions are only 45 minutes away. Schedule a showing today!

Key facts

• $215 HOA
• Built 1986

Property features AI

Finance

• Other: Unfurnished; Living area: 928 square feet; Lot approx. 0.02 acres (asphalt road access)
• Financial info: Total monthly fees $215; total annual fees $2,580; Lease restrictions apply
• HOA & community: Hazelwood Villas Condominium association (monthly HOA $215); HOA covers insurance, structure maintenance, grounds maintenance, and management; Association-required fees; Community has deed restrictions; Pets allowed (cats and dogs, limits apply; max pet weight 25 lbs)

Exterior

• Parking: Assigned parking; Guest parking; Open parking
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Residential property; One-level living (unit on floor 1); Faces south; Stories: 2
• Construction: Block and stucco construction; Shingle roof; Block foundation; Building number 1720
• Exterior features: Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Split bedroom layout; Walk-in closet(s)
• Laundry & utility: Washer hookup; Dryer hookup; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $157 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).

Location & tenants

• Location reads 81/100 on livability (#81 in FL, #1,315 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A, commute A-; Watch: amenities 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: Rents flat; 317 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 20y 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.

Recommended offer $165,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 7.44%
• Cash-on-cash: 4.08%
• DSCR: 1.18
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.53×
• Total profit: $-21,672
• Equity at exit: $24,602

10-year hold

• IRR: -10.4%
• Equity multiple: 0.46×
• Total profit: $-25,103
• Equity at exit: $14,266

Cash invested: $46,200 (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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 317
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,788 high
• Mortgage (P&I): −$865
• Tax from tax record: −$106 /mo · $1,276/yr
• Insurance: −$69
• HOA: −$215
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $157

Break-even live

Break-even rent $1,589

Max offer price $165,000

Occupancy floor 86%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1720 Murrell Rd #217 Rockledge, FL	2.0	2.0	928	$1,550	$1.67	23d	1	0.01mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$1,905	$1.88	14d	23	0.11mi
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	23d	1	0.30mi
823 Angela Ave Unit A Rockledge, FL	2.0	2.0	1117	$1,750	$1.57	14d	1	0.30mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,725	$3.67	14d	4	0.57mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,762	$3.75	23d	3	0.57mi
39 E Azalea Cir Rockledge, FL	3.0	2.0	1096	$2,100	$1.92	23d	1	0.65mi
39 E Azalea Cir Unit 1 Rockledge, FL	3.0	2.0	1096	$2,200	$2.01	23d	1	0.65mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	23d	1	0.66mi
1913 Woodhaven Cir Rockledge, FL	2.0	2.0	930	$1,597	$1.72	13d	3	0.83mi
130 Bouganvillea Dr Unit 15 Rockledge, FL	2.0	1.0	650	$1,495	$2.30	23d	1	0.97mi
1525 S Fiske Blvd Rockledge, FL	1.0–2.0	1.0	890	$1,500	$1.69	23d	1	1.11mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,133	$2.09	14d	33	1.29mi

HOA detail condo

• Monthly dues: $215 · $2,580/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-05-11
   historical $1,550
2. 2026-05-07
   status Pending

   Show marketing remark (998 chars)

   Updated 2-bed, 2-bath move-in ready condo in the heart of Rockledge! This freshly painted home features a bright kitchen with stainless steel appliances, sleek granite countertops, and an expansive breakfast bar. Tile flooring flows throughout, complemented by modern touches including brand-new light fixtures, ceiling fans, and window blinds. Every closet has been outfitted with new shelving, and a brand-new stacked washer/dryer is included for added convenience. Step outside to your private screen-enclosed patio--the perfect spot to relax and soak in the Florida breeze. This first-floor unit offers easy access to assigned parking and a convenient, step-free entry. Hazelwood Villas is a well-maintained, pet-friendly community with a LOW HOA fee, centrally-located near schools, shopping and dining. Easy access to 520, only minutes to Historic Cocoa Village, Merritt Island, and the beaches! Orlando airport and world-famous attractions are only 45 minutes away. Schedule a showing today!

3. 2026-05-07
   historical Active Under Contract 998-char remark

   Show marketing remark (998 chars)

   Updated 2-bed, 2-bath move-in ready condo in the heart of Rockledge! This freshly painted home features a bright kitchen with stainless steel appliances, sleek granite countertops, and an expansive breakfast bar. Tile flooring flows throughout, complemented by modern touches including brand-new light fixtures, ceiling fans, and window blinds. Every closet has been outfitted with new shelving, and a brand-new stacked washer/dryer is included for added convenience. Step outside to your private screen-enclosed patio--the perfect spot to relax and soak in the Florida breeze. This first-floor unit offers easy access to assigned parking and a convenient, step-free entry. Hazelwood Villas is a well-maintained, pet-friendly community with a LOW HOA fee, centrally-located near schools, shopping and dining. Easy access to 520, only minutes to Historic Cocoa Village, Merritt Island, and the beaches! Orlando airport and world-famous attractions are only 45 minutes away. Schedule a showing today!

4. 2026-05-06
   listed $165,000 Active
5. 2026-05-01
   listed $165,000 Active 998-char remark

   Show marketing remark (998 chars)

   Updated 2-bed, 2-bath move-in ready condo in the heart of Rockledge! This freshly painted home features a bright kitchen with stainless steel appliances, sleek granite countertops, and an expansive breakfast bar. Tile flooring flows throughout, complemented by modern touches including brand-new light fixtures, ceiling fans, and window blinds. Every closet has been outfitted with new shelving, and a brand-new stacked washer/dryer is included for added convenience. Step outside to your private screen-enclosed patio--the perfect spot to relax and soak in the Florida breeze. This first-floor unit offers easy access to assigned parking and a convenient, step-free entry. Hazelwood Villas is a well-maintained, pet-friendly community with a LOW HOA fee, centrally-located near schools, shopping and dining. Easy access to 520, only minutes to Historic Cocoa Village, Merritt Island, and the beaches! Orlando airport and world-famous attractions are only 45 minutes away. Schedule a showing today!

6. 2026-04-15
   listed $1,550
7. 2026-04-10
   soldstatus $150,000 Closed 488-char remark

   Show marketing remark (488 chars)

   Beautifully updated 2 bedroom, 2 bath bottom-floor condo in desirable Rockledge! This move-in ready condo features brand new kitchen cabinets, stunning granite countertops, and freshly painted interior throughout. Enjoy the modern touch of new light fixtures, ceiling fans, and textured ceilings that add character and charm. The convenient ground-floor location offers easy access with no stairs, making daily living comfortable and accessible. Perfect for homeowners or investors alike!

8. 2026-03-09
   status Pending 488-char remark

   Show marketing remark (488 chars)

   Beautifully updated 2 bedroom, 2 bath bottom-floor condo in desirable Rockledge! This move-in ready condo features brand new kitchen cabinets, stunning granite countertops, and freshly painted interior throughout. Enjoy the modern touch of new light fixtures, ceiling fans, and textured ceilings that add character and charm. The convenient ground-floor location offers easy access with no stairs, making daily living comfortable and accessible. Perfect for homeowners or investors alike!

9. 2026-02-15
   listed $155,000 Active 488-char remark

   Show marketing remark (488 chars)

   Beautifully updated 2 bedroom, 2 bath bottom-floor condo in desirable Rockledge! This move-in ready condo features brand new kitchen cabinets, stunning granite countertops, and freshly painted interior throughout. Enjoy the modern touch of new light fixtures, ceiling fans, and textured ceilings that add character and charm. The convenient ground-floor location offers easy access with no stairs, making daily living comfortable and accessible. Perfect for homeowners or investors alike!

10. 2007-01-22
    soldstatus $115,700
11. 2007-01-18
    soldstatus $115,630
12. 2006-11-23
    listed $117,900
13. 1995-03-09
    soldstatus $33,000

ⓘ 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: $1,276 · $106/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$94/yr (+$8/mo · 7.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $21,454
• − Mortgage interest: −$9,243
• − Property taxes: −$1,276
• − Insurance: −$825
• − Repairs & maintenance: −$1,716
• − Management: −$1,716
• − HOA: −$2,580
• − Depreciation: −$4,800
• Taxable loss: −$702
• Est. tax savings @ 24.0%: +$168
• After-tax cash flow: $2,053/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 — Rockledge

• Score: 81/100
• State rank: #81
• US rank: #1315

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockledge, FL
• County: Brevard County · 602,871 people
• City population: 41,008
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

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 (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2%

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: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• 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

-95.3% since first listed

13 events — show timeline

• 2026-05-11 Rental Removed $1,550 SCMLS
• 2026-05-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Contingent — SCMLS
• 2026-05-06 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listed $165,000 SCMLS
• 2026-04-15 Listed for Rent $1,550 SCMLS
• 2026-04-10 Sold (MLS) $150,000 SCMLS
• 2026-03-09 Pending — SCMLS
• 2026-02-15 Listed $155,000 SCMLS
• 2007-01-22 Sold (Public Records) $115,700 Public Records
• 2007-01-18 Sold (MLS) $115,630 SCMLS
• 2006-11-23 Listed $117,900 SCMLS
• 1995-03-09 Sold (Public Records) $33,000 Public Records

Property tax history

+22.1%/yr

Latest (2025): $1,276 · -2.2% YoY. Source: county tax records.