37 Sapphire St · June Park, FL 32904

$195,000

3 bd · 2.0 ba · 1,242 sqft · Manufactured public records · 143 Days on market

Built 1988 7,841 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 +25.4/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Schools +4.7/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Live in this wonderful community with no Lot rent or HOA fee. Situated on corner, this Large home with 3 beds, 2 bath, with large family room. Metal roof, 2017 AC, 2024 all new water piping, Large detached garage with electric, Large driveway will fit Multiple cars or some toys, Large screened in Porch

Key facts

• Electric garage
• Metal roof
• 2017 ac

Tags

• CORNER LOT
• METAL ROOF
• 2017 AC
• 2024 ALL NEW WATER PIPING
• DETACHED GARAGE
• ELECTRIC GARAGE

Property features AI

Exterior

• Parking: 2-car garage; Off-street parking
• Utilities: Septic tank; Cable connected; Electricity connected; Water connected
• Home design: Manufactured home; Faces west
• Construction: Vinyl siding; Metal roof; Pets allowed
• Exterior features: Screened porch; Porch; Corner lot; Asphalt road access

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms, all on the main level
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Additional cooling system
• Interior features: 6 total rooms; Bonus room on the main level; Dining room on the main level
• Laundry & utility: Unfurnished

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $195k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $172k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#306 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: amenities F, commute F, health & safety 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: Meadowlane Primary Elementary School (650 students, 47% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: Rents soft (-0.3%/yr); 304 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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

• It's been on market 143 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $63k; list at $195k implies a 209% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 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: 1.05% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.89%
• DSCR: 1.44
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-9,021
• Equity at exit: $29,075

10-year hold

• IRR: 1.6%
• Equity multiple: 1.10×
• Total profit: $5,526
• 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 32904

• Rents YoY: -0.3%
• Active inventory: 304
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,049 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$65 /mo · $774/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $450

Break-even live

Break-even rent $1,479

Max offer price $195,000

Occupancy floor 73%

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 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
325 Lago Cir West Melbourne, FL	1.0–3.0	1.0–2.0	954	$1,998	$2.09	13d	28	0.26mi
9045 York Ln Unit 15E Melbourne, FL	3.0	2.0	1320	$1,900	$1.44	23d	1	0.45mi
605 Saint Albans Ct Unit 18H Melbourne, FL	2.0	2.0	1182	$1,700	$1.44	23d	1	0.48mi
9032 Manchester Ln Unit 23C Melbourne, FL	2.0	2.0	938	$1,700	$1.81	23d	1	0.49mi
220 Belgian Dr Melbourne, FL	1.0–3.0	1.0–2.0	1104	$2,022	$1.83	1d	37	0.49mi
338 Elm St Melbourne, FL	2.0	1.0	992	$1,400	$1.41	14d	1	1.00mi
7670 Greenboro Dr Melbourne, FL	1.0–3.0	1.0–2.0	1002	$1,875	$1.87	14d	13	1.10mi

Listing history 21 events

1. 2026-06-18
   days on market $195,000 Active 143 DOM
2. 2026-06-17
   days on market $195,000 Active 142 DOM
3. 2026-06-16
   days on market $195,000 Active 141 DOM
4. 2026-06-15
   days on market $195,000 Active 140 DOM
5. 2026-06-14
   days on market $195,000 Active 138 DOM
6. 2026-06-10
   days on market $195,000 Active 135 DOM
7. 2026-06-08
   days on market $195,000 Active 133 DOM
8. 2026-06-07
   days on market $195,000 Active 132 DOM
9. 2026-06-05
   days on market $195,000 Active 129 DOM
10. 2026-06-03
    days on market $195,000 Active 128 DOM
11. 2026-06-02
    days on market $195,000 Active 127 DOM
12. 2026-06-01
    days on market $195,000 Active 126 DOM
13. 2026-05-31
    days on market $195,000 Active 125 DOM
14. 2026-05-31
    days on market $195,000 Active 124 DOM
15. 2026-05-22
    price $195,000
16. 2026-05-22
    price $190,000
17. 2026-04-27
    price $199,990
18. 2026-01-23
    listed $209,999 Active
19. 2000-12-28
    soldstatus $63,200
20. 1978-03-01
    soldstatus $19,500
21. 1974-07-01
    soldstatus $140,000

ⓘ 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: $774 · $65/mo
• Projected year-2 tax: $1,618 · $135/mo
• Expected delta: +$844/yr (+$70/mo · 109.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $24,583
• − Mortgage interest: −$10,923
• − Property taxes: −$774
• − Insurance: −$975
• − Repairs & maintenance: −$1,967
• − Management: −$1,967
• − Depreciation: −$5,673
• Taxable income: $2,304
• Est. tax owed @ 24.0%: −$553
• After-tax cash flow: $4,847/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 — June Park

• Score: 73/100
• State rank: #306
• US rank: #5177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: June Park, FL
• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 37,241
• Household income: $90,673
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 597.0

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% Hispanic / Latino 14% Two or more races 10% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 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: ▼ -195.98%
• Current HPI: 304.2546
• Rent YoY: ▼ -0.32%
• 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

+39.3% since first listed

7 events — show timeline

• 2026-05-22 Price Changed $195,000 SCMLS
• 2026-05-22 Price Changed $190,000 SCMLS
• 2026-04-27 Price Changed $199,990 SCMLS
• 2026-01-23 Listed $209,999 SCMLS
• 2000-12-28 Sold (Public Records) $63,200 Public Records
• 1978-03-01 Sold (Public Records) $19,500 Public Records
• 1974-07-01 Sold (Public Records) $140,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $774 · +10.7% YoY. Source: county tax records.