1112 Howard St · Rockledge, FL 32955

$195,000

2 bd · 1.0 ba · 897 sqft · SingleFamily public records · 2 Days on market

Built 1968 6,098 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 +11.1/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a great investment property or for that 1st time home buyer. Featuring Spacious 3 bedrooms, 2 bathrooms, with a garage and fenced yard. Quiet neighborhood. A DEFINETE MUST SEE!!

Key facts

• 6,098 sq ft lot
• Garage
• Built 1968

Property features AI

Finance

• Other: Unfurnished; City street frontage with asphalt road

Exterior

• Parking: 1-car garage
• Utilities: Public sewer; Cable available; Electricity available; Water available; Sewer available
• Home design: Single family residence; Faces west
• Construction: Block construction; Shingle roof
• Exterior features: Front porch; Back yard with chain link fencing; Shed(s)

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Dishwasher not listed
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Hot water heating; Central air conditioning
• Interior features: Tile flooring
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer and Dryer included

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 $-77 ($-929/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (5.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $161k (17.5% below list).
• Recommended offer: $161k (17.5% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Endeavour Elementary School (math 15% / reading 20%, grade F, #2,117 of 2,144 statewide, top 99%, 717 students, 72% FRL); Ronald Mcnair Magnet Middle School (math 58% / reading 50%, grade B-, #196 of 571 statewide, top 36%, 364 students, 58% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL) — zoned schools average 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 55% district-wide (-18 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 321 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $15k; list at $195k implies a 1200% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,779 (17.5% 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. Built in 1968 — 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. 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. 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?
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: 0.82% ✗
• Cap rate: 5.82%
• Cash-on-cash: -1.70%
• DSCR: 0.92
• GRM: 10.1

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: -22.4%
• Equity multiple: 0.25×
• Total profit: $-41,035
• Equity at exit: $29,075

10-year hold

• IRR: -26.0%
• Equity multiple: -0.09×
• Total profit: $-59,529
• 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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 321
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,608 high
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-77

Break-even live

Break-even rent $1,706

Max offer price $183,793

Occupancy floor 100%

Sensitivity live

Price	-10% $57	-5% $-10	+0% $-77	+5% $-145	+10% $-212
Rent	-10% $-204	-5% $-141	+0% $-77	+5% $-14	+10% $50
Rate	-1.0pp $21	-0.5pp $-28	base $-77	+0.5pp $-128	+1.0pp $-179

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 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	25d	1	0.17mi
808 Johnson St Cocoa, FL	2.0	1.0	540	$1,095	$2.03	25d	1	0.23mi
613 Paw Paw St Apt A Cocoa, FL	2.0	1.0	1104	$1,175	$1.06	25d	1	0.38mi
613 Paw Paw St Cocoa, FL	2.0	1.0	552	$1,050	$1.90	25d	1	0.38mi
801 Washington St Unit B Cocoa, FL	2.0	1.0	700	$1,290	$1.84	25d	1	0.38mi
801 Washington St Unit A Cocoa, FL	3.0	1.5	1000	$1,760	$1.76	25d	1	0.38mi
616 S Kentucky Ave Cocoa, FL	3.0	1.0	960	$1,600	$1.67	21d	1	0.40mi
439 Barbara Jenkins St Unit A Cocoa, FL	2.0	1.0	620	$1,250	$2.02	16d	1	0.46mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,133	$2.09	16d	33	0.66mi
1525 S Fiske Blvd Rockledge, FL	1.0–2.0	1.0	890	$1,500	$1.69	25d	1	0.70mi
240 Stone St Unit 7 Cocoa, FL	2.0	1.0	660	$925	$1.40	25d	1	0.74mi
130 Bouganvillea Dr Unit 15 Rockledge, FL	2.0	1.0	650	$1,495	$2.30	25d	1	0.85mi
647 School St Cocoa, FL	2.0	1.0	844	$1,495	$1.77	25d	1	0.90mi
301 Forrest Ave Cocoa, FL	2.0	1.0–2.0	619	$1,699	$2.74	25d	5	1.00mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,762	$3.75	25d	3	1.04mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,725	$3.67	16d	4	1.04mi
823 Angela Ave Unit A Rockledge, FL	2.0	2.0	1117	$1,750	$1.57	16d	1	1.08mi
317 Pineda St Unit B Cocoa, FL	2.0	1.0	984	$1,200	$1.22	16d	1	1.11mi
1515 Peachtree St Cocoa, FL	3.0	2.0	1056	$1,475	$1.40	25d	1	1.14mi
11 Parkway St Cocoa, FL	2.0	1.0	690	$1,700	$2.46	25d	1	1.15mi
302 Palm Ave Cocoa, FL	2.0	1.0	820	$1,600	$1.95	16d	1	1.17mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	25d	1	1.18mi
14 Carmalt St Unit CSB105 Cocoa, FL	2.0	1.0	1000	$1,300	$1.30	25d	1	1.19mi
118 Olive St Cocoa, FL	2.0	1.0	933	$1,350	$1.45	25d	1	1.20mi
330 Palm Ave Unit PAL332 Cocoa, FL	2.0	1.0	700	$1,200	$1.71	25d	1	1.23mi
19 Highland St Cocoa, FL	2.0	1.0	728	$1,600	$2.20	25d	1	1.25mi
802 Forrest Ave Unit B Cocoa, FL	2.0	1.0	1000	$1,500	$1.50	25d	1	1.26mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$1,905	$1.88	16d	23	1.28mi
1720 Murrell Rd #217 Rockledge, FL	2.0	2.0	928	$1,550	$1.67	25d	1	1.38mi
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	25d	1	1.39mi
800 N Fiske Blvd Cocoa, FL	1.0–2.0	1.0	850	$1,200	$1.41	25d	2	1.46mi

Listing history 2 events

1. 2026-06-22
   remarks 185-char remark
2. 2026-06-22
   listed $195,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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: $19,293
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$1,543
• − Management: −$1,543
• − Depreciation: −$5,673
• Taxable loss: −$4,289
• Est. tax savings @ 24.0%: +$1,029
• After-tax cash flow: $100/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

+1200.0% since first listed

2 events — show timeline

• 2026-06-19 Listed $195,000 SCMLS
• 1979-11-01 Sold (Public Records) $15,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $90 · +22.5% YoY. Source: county tax records.