3087 Finsterwald Dr · Titusville, FL 32780

$144,900

3 bd · 3.0 ba · 1,485 sqft · Condo public records · 241 Days on market

Built 1984 $300/mo HOA · 15% of rent

---

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 +20.6/30.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This unique condo is only one of four units in the community! Parking right in front of the unit as well underneath the building. This unit is a spacious 3 bed/ 3 bath with an expansive living room, dining room combo. The screened porch overlooks the greenery behind the unit with ultimate privacy. Laundry room has a sink, and enough room for storage. Centrally located close to shopping and schools, it is only a short drive to Interstate 95 and Highway 1. Very close to the river and less than 25 minutes to the beaches.

Key facts

• Close to schools
• Laundry room
• Centrally located

Tags

• SCREENED PORCH
• LAUNDRY ROOM
• ULTIMATE PRIVACY
• CENTRALLY LOCATED
• CLOSE TO SHOPPING
• CLOSE TO SCHOOLS

Property features AI

Finance

• Other: No private pool; Pets: contact association
• HOA & community: Community association with a $300 monthly fee; Association name: Finsterwald Dr

Exterior

• Parking: Unassigned underground parking
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Condominium; Northeast facing; Entry on level 2; Two-story building; One living level (unit)
• Construction: Block, concrete and stucco construction; Shingle roof; Built with foundation consistent with condominium construction
• Exterior features: Balcony; Rear screened porch

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Pantry
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Guest suite; Open floor plan; Pantry; Primary bathroom with shower (no tub); Split bedroom layout; Vaulted ceilings
• Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#42 in FL, #668 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D, 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: Apollo Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 730 students, 68% FRL); Andrew Jackson Middle School (math 52% / reading 47%, grade C, #259 of 571 statewide, top 46%, 551 students, 58% FRL); Titusville High School (math 33% / reading 52%, grade F, #264 of 667 statewide, top 41%, 1,314 students, 55% FRL) — zoned schools average 60% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 38 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).
• This rent runs 34% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 241 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $35k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $145k implies a 70% 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 $127,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is D 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.34% ✓
• Cap rate: 7.89%
• Cash-on-cash: 5.71%
• DSCR: 1.25
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.65×
• Total profit: $-14,215
• Equity at exit: $21,605

10-year hold

• IRR: -3.5%
• Equity multiple: 0.79×
• Total profit: $-8,565
• Equity at exit: $12,528

Cash invested: $40,572 (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 32780

• Rents YoY: 1.3%
• Active inventory: 462
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,936 high
• Mortgage (P&I): −$760
• Tax from tax record: −$216 /mo · $2,596/yr
• Insurance: −$60
• HOA: −$300
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $193

Break-even live

Break-even rent $1,692

Max offer price $144,900

Occupancy floor 85%

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3136 Finsterwald Dr Titusville, FL	2.0	2.5	1280	$2,000	$1.56	23d	1	0.08mi
1735 Harrison St #231 Titusville, FL	2.0	2.0	915	$1,700	$1.86	19d	1	0.32mi
3535 Nicklaus Dr Titusville, FL	3.0	2.0	1709	$1,895	$1.11	23d	1	0.36mi
2445 Keiser Ct Titusville, FL	4.0	2.0	1844	$3,700	$2.01	23d	1	0.47mi
1237 Country Club Dr Titusville, FL	2.0	2.0	970	$1,600	$1.65	23d	1	0.49mi
1209 Country Club Dr Titusville, FL	2.0	2.0	935	$1,700	$1.82	23d	1	0.49mi
2511 Country Club Dr Unit B118 Titusville, FL	2.0	1.5	1075	$1,200	$1.12	23d	1	0.59mi
1099 Country Club Dr #811 Titusville, FL	2.0	2.0	940	$1,800	$1.91	23d	1	0.60mi
3645 Barna Ave Titusville, FL	1.0–2.0	1.0	895	$1,350	$1.51	23d	4	0.63mi
1041 Country Club Dr #426 Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	0.66mi
1041 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,900	$1.86	23d	1	0.66mi
1039 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	0.66mi
1081 Solamere Dr Titusville, FL	1.0–3.0	1.0–2.0	1331	$2,101	$1.58	13d	17	0.72mi
2965 La Cita Ln Titusville, FL	3.0	2.0	1456	$2,200	$1.51	14d	1	0.73mi
1049 Macon Dr Titusville, FL	3.0	2.0	1865	$2,200	$1.18	23d	1	0.73mi
919 Macon Dr Titusville, FL	3.0	2.0	1620	$2,000	$1.23	23d	1	0.75mi
888 Macon Dr Titusville, FL	3.0	2.0	1865	$2,000	$1.07	23d	1	0.79mi
2408 Devonswood Rd Titusville, FL	3.0	2.0	1310	$2,100	$1.60	23d	1	0.81mi
680 Birchwood Ln Titusville, FL	3.0	2.0	1440	$1,900	$1.32	23d	1	0.85mi
1885 White Sands Dr Titusville, FL	3.0	2.0	1800	$2,400	$1.33	14d	1	0.86mi
2605 S Park Ave Titusville, FL	3.0	2.5	1525	$1,950	$1.28	23d	1	0.88mi
1279 Macon Dr Titusville, FL	3.0	2.0	1620	$2,000	$1.23	23d	1	0.90mi
1965 Dipol Courtway Titusville, FL	3.0	2.5	1669	$1,775	$1.06	23d	1	0.91mi
2999 Sir Hamilton Cir #9 Titusville, FL	2.0	1.0	960	$1,250	$1.30	23d	1	0.91mi
3119 Sir Hamilton Cir Titusville, FL	2.0	1.0	960	$1,250	$1.30	14d	1	0.95mi
3035 Sir Hamilton Cir Titusville, FL	2.0	2.0	960	$1,400	$1.46	14d	1	0.96mi
3039 Sir Hamilton Cir #8 Titusville, FL	2.0	2.0	960	$1,500	$1.56	23d	1	0.96mi
3021 Sir Hamilton Cir Titusville, FL	2.0	2.0	1040	$1,275	$1.23	23d	1	0.96mi
3945 Trinidad Ave Titusville, FL	4.0	2.0	1602	$1,900	$1.19	14d	1	0.96mi
3147 Sir Hamilton Cir #10 Titusville, FL	2.0	1.0	960	$1,400	$1.46	23d	1	1.00mi
1690 Elizabeth Ave Titusville, FL	4.0	1.0	1008	$1,500	$1.49	23d	1	1.03mi
1696 S Park Ave Titusville, FL	2.0	2.5	1300	$1,850	$1.42	23d	1	1.05mi
1635 Nassau St Titusville, FL	3.0	2.0	1161	$1,900	$1.64	19d	1	1.07mi
1640 Elizabeth Ave Titusville, FL	3.0	2.0	1319	$2,100	$1.59	23d	1	1.07mi
1590 S Deleon Ave Titusville, FL	3.0	1.0	1072	$1,600	$1.49	23d	1	1.17mi
4171 David Dr Titusville, FL	2.0	1.0	900	$1,075	$1.19	23d	1	1.22mi
3433 Joe Murell Dr Titusville, FL	2.0	1.5	1088	$1,500	$1.38	23d	1	1.44mi
1825 Riverside Dr Titusville, FL	2.0	2.0	1201	$2,555	$2.13	14d	3	1.46mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-05-20
   status Active
2. 2026-05-05
   status Pending
3. 2026-03-20
   price $144,900
4. 2026-03-02
   price $149,900
5. 2026-02-16
   price $159,900
6. 2025-10-03
   price $169,900
7. 2025-09-12
   listed $179,900 Active
8. 2024-08-15
   historical $1,895
9. 2024-07-23
   price $1,895
10. 2024-07-08
    historical 523-char remark

    Show marketing remark (523 chars)

    This unique condo is only one of four units in the community! Parking right in front of the unit as well underneath the building. This unit is a spacious 3 bed/ 3 bath with an expansive living room, dining room combo. The screened porch overlooks the greenery behind the unit with ultimate privacy. Laundry room has a sink, and enough room for storage. Centrally located close to shopping and schools, it is only a short drive to Interstate 95 and Highway 1. Very close to the river and less than 25 minutes to the beaches.

11. 2024-06-14
    listed $1,995
12. 2024-06-12
    listed $199,900 Active 523-char remark

    Show marketing remark (523 chars)

    This unique condo is only one of four units in the community! Parking right in front of the unit as well underneath the building. This unit is a spacious 3 bed/ 3 bath with an expansive living room, dining room combo. The screened porch overlooks the greenery behind the unit with ultimate privacy. Laundry room has a sink, and enough room for storage. Centrally located close to shopping and schools, it is only a short drive to Interstate 95 and Highway 1. Very close to the river and less than 25 minutes to the beaches.

13. 2018-03-28
    soldstatus $85,000 806-char remark

    Show marketing remark (806 chars)

    Spacious, light & bright floor plan with vaulted ceilings, skylights, interior laundry & 3 full bathrooms. Open floor plan of combination living/dining room overlooks kitchen. Master suite has balcony access & view of golf course. 2nd bedroom also has private bathroom. Under building parking plus guest parking in front of building. NO condo association equals no monthly fees, no pet restrictions & no problem using as rental property!! All appliances included though not warrantied or guaranteed. HVAC & water heater appear to be recently updated. Located a short distance from Titus Landings, shopping centers, major roadways & recently remodeled La Cita Country Club. Less than 15 minute drive to Playalinda Beach, cycle trails & historic downtown Titusville.

14. 2017-11-27
    listed $92,000 806-char remark

    Show marketing remark (806 chars)

    Spacious, light & bright floor plan with vaulted ceilings, skylights, interior laundry & 3 full bathrooms. Open floor plan of combination living/dining room overlooks kitchen. Master suite has balcony access & view of golf course. 2nd bedroom also has private bathroom. Under building parking plus guest parking in front of building. NO condo association equals no monthly fees, no pet restrictions & no problem using as rental property!! All appliances included though not warrantied or guaranteed. HVAC & water heater appear to be recently updated. Located a short distance from Titus Landings, shopping centers, major roadways & recently remodeled La Cita Country Club. Less than 15 minute drive to Playalinda Beach, cycle trails & historic downtown Titusville.

15. 2003-05-20
    soldstatus $75,000
16. 2003-03-19
    soldstatus $75,500
17. 1984-08-01
    soldstatus $67,200

ⓘ 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: $2,596 · $216/mo
• Projected year-2 tax: $2,596 · $216/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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $23,238
• − Mortgage interest: −$8,117
• − Property taxes: −$2,596
• − Insurance: −$724
• − Repairs & maintenance: −$1,859
• − Management: −$1,859
• − HOA: −$3,600
• − Depreciation: −$4,215
• Taxable income: $267
• Est. tax owed @ 24.0%: −$64
• After-tax cash flow: $2,255/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 — Titusville

• Score: 84/100
• State rank: #42
• US rank: #668

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Titusville, FL
• County: Brevard County · 602,871 people
• City population: 60,286
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 40,064
• Household income: $67,690
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1141.0

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 (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 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: ▼ -162.54%
• Current HPI: 297.151
• Rent YoY: ▲ 1.29%
• 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

+115.6% since first listed

17 events — show timeline

• 2026-05-20 Relisted — SCMLS
• 2026-05-05 Pending — SCMLS
• 2026-03-20 Price Changed $144,900 SCMLS
• 2026-03-02 Price Changed $149,900 SCMLS
• 2026-02-16 Price Changed $159,900 SCMLS
• 2025-10-03 Price Changed $169,900 SCMLS
• 2025-09-12 Listed $179,900 SCMLS
• 2024-08-15 Rental Removed $1,895 SCMLS
• 2024-07-23 Price Changed $1,895 SCMLS
• 2024-07-08 Listing Removed — SCMLS
• 2024-06-14 Listed for Rent $1,995 SCMLS
• 2024-06-12 Listed $199,900 SCMLS
• 2018-03-28 Sold (MLS) $85,000 SCMLS
• 2017-11-27 Listed $92,000 SCMLS
• 2003-05-20 Sold (Public Records) $75,000 Public Records
• 2003-03-19 Sold (Public Records) $75,500 Public Records
• 1984-08-01 Sold (Public Records) $67,200 Public Records

Property tax history

+6.9%/yr

Latest (2025): $2,596 · +5.3% YoY. Source: county tax records.