1131 Tequesta Dr · Micco, FL 32976

$190,000

2 bd · 2.0 ba · 1,398 sqft · Manufactured public records · 222 Days on market

Built 1991 4,792 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 +19.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.0/10.0
• Schools +4.7/10.0
• 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

Furnished 1400 SF home on a perimeter lot. Fenced area in rear of home for your fur babies. The additional space provided by the veranda room is great for entertaining. A metal roof was installed in 2018. This home also has a ''safe room''. Enjoy a stroll to the nearby lake on this quiet street. Sit back and relax, or entertain, on the large raised, enclosed FL room. Plenty of room in the utility shed for a hobbyist, work bench or much needed storage. Give me a call and check it out.

Key facts

• 4,792 sq ft lot
• Parking
• Built 1991

Property features AI

Finance

• Other: Pets allowed: Cats and dogs OK; No private pool; Unfurnished

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Water available; Electricity connected; Cable available; Sewer available
• Home design: Manufactured home; One-story; Faces northeast
• Construction: Frame construction
• Exterior features: Chain link fencing in the backyard; Paved road access; Lot features: Other

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator; Freezer
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fan(s); Eat-in kitchen; Walk-in closet(s); 4 rooms total
• Laundry & utility: Washer; Dryer; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $167k (12.0% below list) — sets the bar for market timing.

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: 185 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $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 222 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $41k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; list at $190k implies a 65% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 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 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?
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: 1.00% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.15%
• DSCR: 1.23
• GRM: 8.3

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: -8.3%
• Equity multiple: 0.69×
• Total profit: $-16,245
• Equity at exit: $28,330

10-year hold

• IRR: 1.2%
• Equity multiple: 1.09×
• Total profit: $4,602
• Equity at exit: $16,428

Cash invested: $53,200 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 185
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,908 high
• Mortgage (P&I): −$996
• Tax from tax record: −$203 /mo · $2,440/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $228

Break-even live

Break-even rent $1,619

Max offer price $190,000

Occupancy floor 83%

Sensitivity live

Price	-10% $336	-5% $282	+0% $228	+5% $174	+10% $121
Rent	-10% $78	-5% $153	+0% $228	+5% $304	+10% $379
Rate	-1.0pp $324	-0.5pp $277	base $228	+0.5pp $179	+1.0pp $129

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	24d	1	0.09mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	24d	1	0.18mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	24d	1	0.50mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	24d	1	0.73mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.84mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	24d	1	0.87mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	24d	1	0.88mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	24d	1	0.88mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	24d	1	0.90mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	24d	1	1.09mi
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	24d	1	1.22mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	24d	1	1.23mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	14d	1	1.44mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	24d	1	1.47mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	24d	1	1.47mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	24d	1	1.49mi

Listing history 26 events

1. 2026-06-18
   days on market $190,000 Active 222 DOM
2. 2026-06-17
   days on market $190,000 Active 221 DOM
3. 2026-06-16
   days on market $190,000 Active 220 DOM
4. 2026-06-15
   days on market $190,000 Active 219 DOM
5. 2026-06-14
   days on market $190,000 Active 217 DOM
6. 2026-06-10
   days on market $190,000 Active 214 DOM
7. 2026-06-08
   days on market $190,000 Active 212 DOM
8. 2026-06-07
   days on market $190,000 Active 211 DOM
9. 2026-06-05
   days on market $190,000 Active 208 DOM
10. 2026-06-03
    days on market $190,000 Active 207 DOM
11. 2026-06-02
    days on market $190,000 Active 206 DOM
12. 2026-06-01
    days on market $190,000 Active 205 DOM
13. 2026-05-31
    days on market $190,000 Active 204 DOM
14. 2026-05-31
    days on market $190,000 Active 203 DOM
15. 2026-05-19
    price $190,000
16. 2026-04-13
    price $199,900
17. 2026-03-07
    price $214,900
18. 2026-01-08
    price $223,000
19. 2025-11-08
    listed $231,000 Active
20. 2025-11-05
    historical $231,000
21. 2019-06-10
    soldstatus $115,000
22. 2019-06-06
    soldstatus $115,000 488-char remark

    Show marketing remark (488 chars)

    Furnished 1400 SF home on a perimeter lot. Fenced area in rear of home for your fur babies. The additional space provided by the veranda room is great for entertaining. A metal roof was installed in 2018. This home also has a ''safe room''. Enjoy a stroll to the nearby lake on this quiet street. Sit back and relax, or entertain, on the large raised, enclosed FL room. Plenty of room in the utility shed for a hobbyist, work bench or much needed storage. Give me a call and check it out.

23. 2019-04-07
    listed $129,900 488-char remark

    Show marketing remark (488 chars)

    Furnished 1400 SF home on a perimeter lot. Fenced area in rear of home for your fur babies. The additional space provided by the veranda room is great for entertaining. A metal roof was installed in 2018. This home also has a ''safe room''. Enjoy a stroll to the nearby lake on this quiet street. Sit back and relax, or entertain, on the large raised, enclosed FL room. Plenty of room in the utility shed for a hobbyist, work bench or much needed storage. Give me a call and check it out.

24. 2004-03-31
    soldstatus $99,500
25. 2000-09-07
    soldstatus $68,000
26. 1990-07-01
    soldstatus $75,900

ⓘ 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: $2,440 · $203/mo
• Projected year-2 tax: $2,440 · $203/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 · 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: $22,892
• − Mortgage interest: −$10,643
• − Property taxes: −$2,440
• − Insurance: −$950
• − Repairs & maintenance: −$1,831
• − Management: −$1,831
• − Depreciation: −$5,527
• Taxable loss: −$330
• Est. tax savings @ 24.0%: +$79
• After-tax cash flow: $2,818/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

+150.3% since first listed

12 events — show timeline

• 2026-05-19 Price Changed $190,000 SCMLS
• 2026-04-13 Price Changed $199,900 SCMLS
• 2026-03-07 Price Changed $214,900 SCMLS
• 2026-01-08 Price Changed $223,000 SCMLS
• 2025-11-08 Listed $231,000 SCMLS
• 2025-11-05 Coming Soon $231,000 SCMLS
• 2019-06-10 Sold (Public Records) $115,000 Public Records
• 2019-06-06 Sold (MLS) $115,000 SCMLS
• 2019-04-07 Listed $129,900 SCMLS
• 2004-03-31 Sold (Public Records) $99,500 Public Records
• 2000-09-07 Sold (Public Records) $68,000 Public Records
• 1990-07-01 Sold (Public Records) $75,900 Public Records

Property tax history

+21.9%/yr

Latest (2025): $2,440 · +5.5% YoY. Source: county tax records.