7648 Kyak Ct Unit Q16 · Micco, FL 32976

$225,000

2 bd · 2.0 ba · 1,777 sqft · Manufactured public records · 140 Days on market

Built 1995 $75/mo HOA · 4% of rent

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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 +13.6/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• 1% rule +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This meticulously maintained home on a XL 72x100 lot offers nearly 2,000 sf under air as well as 176 sf patio. Bright open floor plan! Large kitchen featuring a dedicated coffee bar, ideal for everyday living. The generous primary suite includes double sinks and a walk-in shower. Inside laundry room with washer and dryer plus a shed/workshop w/ sink and additional storage. Hurricane-ready with roll-down shutters and recent updates including 2022 A/C, 2023 plumbing, and fresh 2024 paint. The exterior boasts lush tropical landscaping w/ irrigation on private well w/ auto timer. Conveniently located directly across from the clubhouse and all the great amenities! (library, card and billiard rooms, pool, pickle ball, cornhole shuffle board ect. )Gated RV/Boat storage 17x50 space available! Near some of the best beaches, fishing piers and dining. Dont miss out on this Beauty! 1 year Home Warranty!

Key facts

• Double sinks
• Xl 72x100 lot
• Primary suite

Tags

• XL 72X100 LOT
• 176 SF PATIO
• LARGE KITCHEN
• PRIMARY SUITE
• DOUBLE SINKS
• WALK-IN SHOWER

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Snug Harbor Lakes Condo association; Association dues $75 per month (includes common areas and recreation facilities); Senior community; Community amenities: game room, library, playground, park, pickleball, shuffleboard, gutters, pool

Exterior

• Parking: Assigned carport; One carport space
• Security: Gated community; Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Manufactured property; Single-story
• Construction: Shingle roof; Manufactured construction
• Exterior features: Enclosed porch; Porch; Rain gutters; Sprinkler/irrigation; Workshop; Community pool; Has view; East-facing

Interior

• Kitchen: Microwave; Range; Refrigerator; Kitchen island; Pantry
• Bedrooms: Two bedrooms (10x11 and 13x15)
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Single-hung windows; Sliding doors; Built-in features; Kitchen island; Pantry; Walk-in closet(s); Unfurnished
• Laundry & utility: Laundry closet; In-unit laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $13 ($156/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (13.9% below list).
• Recommended offer: $194k (13.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment 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.
• Zoned schools: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 186 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $2k of loan paydown is wiped out by about $7k 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 140 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 22y 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; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,705 (13.9% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.86% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.25%
• DSCR: 1.01
• GRM: 9.7

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-35,624
• Equity at exit: $33,548

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-29,927
• Equity at exit: $19,454

Cash invested: $63,000 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 186
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,937 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$169 /mo · $2,023/yr
• Insurance: −$94
• HOA: −$75
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $13

Break-even live

Break-even rent $1,921

Max offer price $225,000

Occupancy floor 94%

Sensitivity live

Price	-10% $140	-5% $77	+0% $13	+5% $-51	+10% $-114
Rent	-10% $-140	-5% $-63	+0% $13	+5% $90	+10% $166
Rate	-1.0pp $126	-0.5pp $70	base $13	+0.5pp $-45	+1.0pp $-105

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	25d	1	0.29mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	25d	1	0.31mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	25d	1	0.32mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	25d	1	0.37mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	25d	1	0.45mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	25d	1	0.46mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	25d	1	0.63mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	25d	1	0.87mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	25d	1	1.06mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	25d	1	1.10mi
8520 US Highway 1 Unit D5 Sebastian, FL	2.0	2.0	1533	$1,250	$0.82	16d	1	1.45mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: landscapingpoolsecurity

Listing history 44 events

1. 2026-06-10
   days on market $225,000 Active 140 DOM
2. 2026-06-08
   days on market $225,000 Active 138 DOM
3. 2026-06-07
   days on market $225,000 Active 137 DOM
4. 2026-06-05
   days on market $225,000 Active 134 DOM
5. 2026-06-03
   days on market $225,000 Active 133 DOM
6. 2026-06-02
   days on market $225,000 Active 132 DOM
7. 2026-06-01
   days on market $225,000 Active 131 DOM
8. 2026-05-31
   days on market $225,000 Active 130 DOM
9. 2026-05-31
   days on market $225,000 Active 129 DOM
10. 2026-03-17
    price $225,000
11. 2026-03-10
    price $225,000 904-char remark

    Show marketing remark (904 chars)

    This meticulously maintained home on a XL 72x100 lot offers nearly 2,000 sf under air as well as 176 sf patio. Bright open floor plan! Large kitchen featuring a dedicated coffee bar, ideal for everyday living. The generous primary suite includes double sinks and a walk-in shower. Inside laundry room with washer and dryer plus a shed/workshop w/ sink and additional storage. Hurricane-ready with roll-down shutters and recent updates including 2022 A/C, 2023 plumbing, and fresh 2024 paint. The exterior boasts lush tropical landscaping w/ irrigation on private well w/ auto timer. Conveniently located directly across from the clubhouse and all the great amenities! (library, card and billiard rooms, pool, pickle ball, cornhole shuffle board ect. )Gated RV/Boat storage 17x50 space available! Near some of the best beaches, fishing piers and dining. Dont miss out on this Beauty! 1 year Home Warranty!

12. 2026-02-20
    price $226,990
13. 2026-02-19
    price $226,990 904-char remark

    Show marketing remark (904 chars)

    This meticulously maintained home on a XL 72x100 lot offers nearly 2,000 sf under air as well as 176 sf patio. Bright open floor plan! Large kitchen featuring a dedicated coffee bar, ideal for everyday living. The generous primary suite includes double sinks and a walk-in shower. Inside laundry room with washer and dryer plus a shed/workshop w/ sink and additional storage. Hurricane-ready with roll-down shutters and recent updates including 2022 A/C, 2023 plumbing, and fresh 2024 paint. The exterior boasts lush tropical landscaping w/ irrigation on private well w/ auto timer. Conveniently located directly across from the clubhouse and all the great amenities! (library, card and billiard rooms, pool, pickle ball, cornhole shuffle board ect. )Gated RV/Boat storage 17x50 space available! Near some of the best beaches, fishing piers and dining. Dont miss out on this Beauty! 1 year Home Warranty!

14. 2026-01-21
    listed $229,900 Active

    Show marketing remark (904 chars)

    This meticulously maintained home on a XL 72x100 lot offers nearly 2,000 sf under air as well as 176 sf patio. Bright open floor plan! Large kitchen featuring a dedicated coffee bar, ideal for everyday living. The generous primary suite includes double sinks and a walk-in shower. Inside laundry room with washer and dryer plus a shed/workshop w/ sink and additional storage. Hurricane-ready with roll-down shutters and recent updates including 2022 A/C, 2023 plumbing, and fresh 2024 paint. The exterior boasts lush tropical landscaping w/ irrigation on private well w/ auto timer. Conveniently located directly across from the clubhouse and all the great amenities! (library, card and billiard rooms, pool, pickle ball, cornhole shuffle board ect. )Gated RV/Boat storage 17x50 space available! Near some of the best beaches, fishing piers and dining. Dont miss out on this Beauty! 1 year Home Warranty!

15. 2026-01-21
    listed $229,900 Active 904-char remark

    Show marketing remark (904 chars)

    This meticulously maintained home on a XL 72x100 lot offers nearly 2,000 sf under air as well as 176 sf patio. Bright open floor plan! Large kitchen featuring a dedicated coffee bar, ideal for everyday living. The generous primary suite includes double sinks and a walk-in shower. Inside laundry room with washer and dryer plus a shed/workshop w/ sink and additional storage. Hurricane-ready with roll-down shutters and recent updates including 2022 A/C, 2023 plumbing, and fresh 2024 paint. The exterior boasts lush tropical landscaping w/ irrigation on private well w/ auto timer. Conveniently located directly across from the clubhouse and all the great amenities! (library, card and billiard rooms, pool, pickle ball, cornhole shuffle board ect. )Gated RV/Boat storage 17x50 space available! Near some of the best beaches, fishing piers and dining. Dont miss out on this Beauty! 1 year Home Warranty!

16. 2026-01-19
    historical
17. 2026-01-19
    historical
18. 2025-11-07
    price $229,900
19. 2025-11-06
    price $229,900
20. 2025-11-06
    price $229,900
21. 2025-10-15
    price $232,500
22. 2025-10-15
    listed $232,500 Active
23. 2025-10-15
    listed $232,500 Active
24. 2025-10-15
    historical
25. 2025-09-03
    listed $239,900 Active
26. 2025-09-02
    historical
27. 2025-09-02
    listed $239,900 Active
28. 2025-08-28
    historical
29. 2025-08-01
    price $243,000
30. 2025-08-01
    price $243,000
31. 2025-06-04
    listed $245,000 Active
32. 2025-06-04
    listed $245,000 Active
33. 2025-06-03
    listed $245,000 Active
34. 2023-12-01
    soldstatus $232,000
35. 2023-02-24
    soldstatus $219,000
36. 2023-02-23
    soldstatus $219,000 Closed
37. 2023-02-15
    status Pending
38. 2023-02-13
    historical Active Under Contract
39. 2023-02-09
    listed $219,000 Active
40. 2005-04-08
    soldstatus $137,000
41. 2005-03-30
    soldstatus $137,000
42. 2004-12-13
    listed $139,900
43. 2000-12-22
    soldstatus $68,800
44. 1986-06-01
    soldstatus $68,000

ⓘ 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: $2,023 · $169/mo
• Projected year-2 tax: $2,023 · $169/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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 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: $23,245
• − Mortgage interest: −$12,603
• − Property taxes: −$2,023
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,860
• − Management: −$1,860
• − HOA: −$900
• − Depreciation: −$6,545
• Taxable loss: −$3,671
• Est. tax savings @ 24.0%: +$881
• After-tax cash flow: $1,037/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 — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -73.57%
• Current HPI: 321.5196
• 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

+230.9% since first listed

35 events — show timeline

• 2026-03-17 Price Changed $225,000 RAIRCMLS
• 2026-03-10 Price Changed $225,000 SCMLS
• 2026-02-20 Price Changed $226,990 RAIRCMLS
• 2026-02-19 Price Changed $226,990 SCMLS
• 2026-01-21 Listed $229,900 SCMLS
• 2026-01-21 Listed $229,900 RAIRCMLS
• 2026-01-19 Listing Removed — SCMLS
• 2026-01-19 Listing Removed — Beaches MLS
• 2025-11-07 Price Changed $229,900 SCMLS
• 2025-11-06 Price Changed $229,900 Beaches MLS
• 2025-11-06 Price Changed $229,900 RAIRCMLS
• 2025-10-15 Price Changed $232,500 RAIRCMLS
• 2025-10-15 Listing Removed — SCMLS
• 2025-10-15 Listed $232,500 SCMLS
• 2025-10-15 Listed $232,500 Beaches MLS
• 2025-09-03 Listed $239,900 SCMLS
• 2025-09-02 Listed $239,900 RAIRCMLS
• 2025-09-02 Listing Removed — Beaches MLS
• 2025-08-28 Listing Removed — SCMLS
• 2025-08-01 Price Changed $243,000 SCMLS
• 2025-08-01 Price Changed $243,000 RAIRCMLS
• 2025-06-04 Listed $245,000 SCMLS
• 2025-06-04 Listed $245,000 Beaches MLS
• 2025-06-03 Listed $245,000 RAIRCMLS
• 2023-12-01 Sold (Public Records) $232,000 Public Records
• 2023-02-24 Sold (Public Records) $219,000 Public Records
• 2023-02-23 Sold (MLS) $219,000 RAIRCMLS
• 2023-02-15 Pending — RAIRCMLS
• 2023-02-13 Contingent — RAIRCMLS
• 2023-02-09 Listed $219,000 RAIRCMLS
• 2005-04-08 Sold (Public Records) $137,000 Public Records
• 2005-03-30 Sold (MLS) $137,000 SCMLS
• 2004-12-13 Listed $139,900 SCMLS
• 2000-12-22 Sold (Public Records) $68,800 Public Records
• 1986-06-01 Sold (Public Records) $68,000 Public Records

Property tax history

+11.3%/yr

Latest (2025): $2,023 · +0.0% YoY. Source: county tax records.