1639 Ridge Dr · Cocoa, FL 32926

$175,000

3 bd · 2.0 ba · 1,080 sqft · Manufactured public records · 8 Days on market

Built 1989 6,098 sqft lot

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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 +21.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.0/10.0
• Schools +4.7/10.0
• Rent growth +3.9/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice open floor plan with large eat-in Kitchen with pantry and plenty of cabinets. Updated about 6 years ago with A/C, Roof, Plumbing and Siding. Split floor plan. Master bedroom features a large walk-in closet. Wood laminate floors thru-out except bathrooms which are tile. Other features include an Inside utility room, Storage room and screened porch along with 16 x 10 Wood shed and fenced in yard. Convenient to schools, shopping, beaches and easy access to I-95 and the Beachline.

Key facts

• 6,098 sq ft lot
• Parking
• Built 1989

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Electricity connected; Sewer connected; Water available; Propane available
• Home design: Manufactured home; Faces south
• Construction: Frame construction; Vinyl siding
• Exterior features: Patio; Porch; Screened porch; Back yard fencing; Wood fence

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fan(s); Eat-in kitchen; Open floorplan; Pantry; Walk-in closet(s)
• Laundry & utility: Unfurnished

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 $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).

Location & tenants

• Location reads 72/100 on livability (#344 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, 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: Saturn Elementary School (math 23% / reading 29%, grade F, #2,015 of 2,144 statewide, top 94%, 643 students, 81% FRL); Cocoa High School (math 21% / reading 27%, grade F, #529 of 667 statewide, top 80%, 1,551 students, 73% FRL) — zoned schools average 77% FRL vs 43% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 55% district-wide (-30 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.6%/yr); 291 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y 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.
• Current owner paid $50k; list at $175k implies a 250% 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. Crime grade is F 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?
4. 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.
5. 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.
6. 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: 1.00% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.30%
• DSCR: 1.28
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-7,282
• Equity at exit: $26,093

10-year hold

• IRR: 8.4%
• Equity multiple: 1.72×
• Total profit: $35,036
• 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 32926

• Home prices YoY: -16.9%
• Rents YoY: 5.6%
• Active inventory: 291
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,753 high
• Mortgage (P&I): −$918
• Tax from tax record: −$137 /mo · $1,640/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $257

Break-even live

Break-even rent $1,427

Max offer price $175,000

Occupancy floor 80%

Sensitivity live

Price	-10% $356	-5% $307	+0% $257	+5% $208	+10% $158
Rent	-10% $119	-5% $188	+0% $257	+5% $327	+10% $396
Rate	-1.0pp $346	-0.5pp $302	base $257	+0.5pp $212	+1.0pp $166

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 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4300 Florida 524 Cocoa, FL	1.0–2.0	1.0–2.0	950	$1,880	$1.98	14d	197	0.90mi
706 Lunar Lake Cir Unit B Cocoa, FL	2.0	2.0	843	$1,450	$1.72	20d	1	1.01mi
902 Canal Dr Cocoa, FL	2.0	1.0	928	$1,350	$1.45	15d	1	1.03mi
739 Lunar Lake Cir Cocoa, FL	2.0	1.0	814	$1,100	$1.35	24d	1	1.03mi
1660 Rosetine St Unit 1 Cocoa, FL	2.0	2.0	1200	$1,645	$1.37	20d	1	1.07mi
4164 Fishermans Pl Cocoa, FL	2.0	2.0	1200	$1,625	$1.35	24d	1	1.12mi
3070 Cirrus Dr Cocoa, FL	3.0	1.0–2.0	1002	$2,661	$2.66	14d	29	1.16mi
2467 Mercury Dr Cocoa, FL	2.0	1.5	814	$1,400	$1.72	24d	1	1.17mi
2449 Mercury Dr Cocoa, FL	2.0	2.0	984	$1,650	$1.68	22d	1	1.18mi
3028 Winchester Dr Cocoa, FL	3.0	2.0	1125	$1,915	$1.70	22d	1	1.25mi
1711 Dixon Blvd #246 Cocoa, FL	2.0	1.0	837	$1,350	$1.61	15d	1	1.29mi
2506 Stratford Dr Cocoa, FL	3.0	1.5	936	$1,700	$1.82	24d	1	1.30mi
1711 Dixon Blvd Cocoa, FL	2.0	1.0	740	$1,262	$1.70	20d	2	1.32mi
1524 Clearlake Rd Cocoa, FL	1.0–2.0	1.0	720	$1,822	$2.53	20d	6	1.35mi
1514 Clearlake Rd #110 Cocoa, FL	2.0	2.0	1070	$1,295	$1.21	24d	1	1.44mi
1704 University Ln #701 Cocoa, FL	2.0	2.0	864	$1,225	$1.42	24d	1	1.46mi
1710 University Ln #408 Cocoa, FL	2.0	2.0	864	$1,400	$1.62	15d	1	1.46mi
412 Country Lane Dr Cocoa, FL	2.0	1.0	816	$1,300	$1.59	15d	1	1.48mi

Listing history 12 events

1. 2026-04-18
   status Pending
2. 2026-04-10
   listed $175,000 Active
3. 2017-03-27
   soldstatus $50,000
4. 2017-03-24
   soldstatus $50,000 487-char remark

   Show marketing remark (487 chars)

   Nice open floor plan with large eat-in Kitchen with pantry and plenty of cabinets. Updated about 6 years ago with A/C, Roof, Plumbing and Siding. Split floor plan. Master bedroom features a large walk-in closet. Wood laminate floors thru-out except bathrooms which are tile. Other features include an Inside utility room, Storage room and screened porch along with 16 x 10 Wood shed and fenced in yard. Convenient to schools, shopping, beaches and easy access to I-95 and the Beachline.

5. 2017-03-12
   listed $52,850 487-char remark

   Show marketing remark (487 chars)

   Nice open floor plan with large eat-in Kitchen with pantry and plenty of cabinets. Updated about 6 years ago with A/C, Roof, Plumbing and Siding. Split floor plan. Master bedroom features a large walk-in closet. Wood laminate floors thru-out except bathrooms which are tile. Other features include an Inside utility room, Storage room and screened porch along with 16 x 10 Wood shed and fenced in yard. Convenient to schools, shopping, beaches and easy access to I-95 and the Beachline.

6. 2016-08-16
   historical 381-char remark

   Show marketing remark (381 chars)

   COMPLETELY REMODELED AND MOVE-IN READY. ESCAPE TO THE SERENITY OF THIS QUIET WELL-MAINTAINED COMMUNITY OF MANUFACTURED HOMES OFFERING PRIVACY AND OVERLOOKING A WILDLIFE AREA. NEWER ROOF AND A/C. Laminate and tile flooring throughout. High ceilings and a kitchen your buyer will love. 10x10 screened patio and two sheds for storage. Did I mention the backyard is fenced for privacy.

7. 2015-12-09
   soldstatus $47,900
8. 2015-12-07
   soldstatus $47,850
9. 2015-04-21
   listed $47,850
10. 2009-05-25
    listed $69,900 381-char remark

    Show marketing remark (381 chars)

    COMPLETELY REMODELED AND MOVE-IN READY. ESCAPE TO THE SERENITY OF THIS QUIET WELL-MAINTAINED COMMUNITY OF MANUFACTURED HOMES OFFERING PRIVACY AND OVERLOOKING A WILDLIFE AREA. NEWER ROOF AND A/C. Laminate and tile flooring throughout. High ceilings and a kitchen your buyer will love. 10x10 screened patio and two sheds for storage. Did I mention the backyard is fenced for privacy.

11. 1989-12-01
    soldstatus $12,000
12. 1987-03-01
    soldstatus $896,800

ⓘ 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: $1,640 · $137/mo
• Projected year-2 tax: $1,640 · $137/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 7/10 Severe
• 🌡 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: $21,034
• − Mortgage interest: −$9,803
• − Property taxes: −$1,640
• − Insurance: −$875
• − Repairs & maintenance: −$1,683
• − Management: −$1,683
• − Depreciation: −$5,091
• Taxable income: $260
• Est. tax owed @ 24.0%: −$62
• After-tax cash flow: $3,027/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 — Cocoa

• Score: 72/100
• State rank: #344
• US rank: #5979

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cocoa, FL
• County: Brevard County · 602,871 people
• City population: 67,424
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 23,505
• Household income: $70,735
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 782.0

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 (72%)
• Race & ethnicity: White 72% Black 11% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 5% · Canada, Vietnam, Jamaica
• Languages at home: 91% English-only · Spanish 6% Vietnamese 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: ▼ -68.32%
• Current HPI: 335.1251
• Rent YoY: ▲ 5.60%
• 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

-80.5% since first listed

12 events — show timeline

• 2026-04-18 Pending — SCMLS
• 2026-04-10 Listed $175,000 SCMLS
• 2017-03-27 Sold (Public Records) $50,000 Public Records
• 2017-03-24 Sold (MLS) $50,000 SCMLS
• 2017-03-12 Listed $52,850 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2015-12-09 Sold (Public Records) $47,900 Public Records
• 2015-12-07 Sold (MLS) $47,850 SCMLS
• 2015-04-21 Listed $47,850 SCMLS
• 2009-05-25 Listed $69,900 SCMLS
• 1989-12-01 Sold (Public Records) $12,000 Public Records
• 1987-03-01 Sold (Public Records) $896,800 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,640 · +17.4% YoY. Source: county tax records.