6050 Alden Ave · Port St. John, FL 32927

$175,000

3 bd · 2.0 ba · 1,352 sqft · SingleFamily public records · 3 Days on market

Built 1989 10,454 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks with this solid home situated in an established residential neighborhood surrounded by mature trees and natural greenery. Located on a quiet street with easy access to nearby amenities, this property offers a peaceful setting with strong upside potential. The home features a functional single-story layout with a 2-car garage, spacious driveway, and a large backyard, backing up to a wooded area for added privacy. A covered and screened-in patio provides a great foundation for outdoor living and entertaining. Inside, the property is a blank canvas ready for renovation. The living areas feature vaulted ceilings and good natural light. This property provides convenient access to the Atlantic shoreline, where you can enjoy surfing, fishing, and waterfront dining. Outdoor enthusiasts will also appreciate the proximity to Merritt Island National Wildlife Refuge and Canaveral National Seashore, offering miles of preserved natural landscapes, trails, and wildlife viewing.

Key facts

• Quiet street
• Large backyard
• Wooded area

Tags

• MATURE TREES
• NATURAL GREENERY
• QUIET STREET
• LARGE BACKYARD
• WOODED AREA
• COVERED AND SCREENED-IN PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $881 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $175k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Market conditions: Rents rising (+2.5%/yr); 224 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• This rent runs 36% of the median local income ($86k/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 $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.
• At projected returns (-3.0% appreciation + 2.5% rent growth), your $49k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $130k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $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. 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.
3. 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.
4. 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: 1.49% ✓
• Cap rate: 12.33%
• Cash-on-cash: 21.57%
• DSCR: 1.96
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.48% rent growth · sell at horizon

5-year hold

• IRR: 13.6%
• Equity multiple: 1.54×
• Total profit: $26,400
• Equity at exit: $26,093

10-year hold

• IRR: 22.0%
• Equity multiple: 2.83×
• Total profit: $89,791
• 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 32927

• Home prices YoY: -19.4%
• Rents YoY: 2.5%
• Active inventory: 224
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,612 high
• Mortgage (P&I): −$918
• Tax from tax record: −$192 /mo · $2,306/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $881

Break-even live

Break-even rent $1,497

Max offer price $175,000

Occupancy floor 61%

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 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4855 Balfern St Cocoa, FL	4.0	2.0	1621	$3,500	$2.16	23d	1	0.62mi
6385 Wien Ln Cocoa, FL	3.0	2.0	1350	$2,350	$1.74	19d	1	0.69mi
4270 Fairfax St Cocoa, FL	3.0	2.0	1357	$2,800	$2.06	23d	1	1.01mi
5215 Holden Rd Cocoa, FL	3.0	2.0	1480	$2,185	$1.48	19d	1	1.03mi
6655 Corto Rd Cocoa, FL	3.0	2.0	1441	$3,300	$2.29	14d	1	1.11mi
5075 Hogan Pl Unit 2 Cocoa, FL	2.0	1.0	1200	$1,500	$1.25	23d	1	1.18mi
426 Oakridge Ave Cocoa, FL	3.0	2.0	1286	$1,550	$1.21	23d	1	1.46mi

Listing history 7 events

1. 2026-04-20
   status Pending 996-char remark

   Show marketing remark (996 chars)

   Opportunity knocks with this solid home situated in an established residential neighborhood surrounded by mature trees and natural greenery. Located on a quiet street with easy access to nearby amenities, this property offers a peaceful setting with strong upside potential. The home features a functional single-story layout with a 2-car garage, spacious driveway, and a large backyard, backing up to a wooded area for added privacy. A covered and screened-in patio provides a great foundation for outdoor living and entertaining. Inside, the property is a blank canvas ready for renovation. The living areas feature vaulted ceilings and good natural light. This property provides convenient access to the Atlantic shoreline, where you can enjoy surfing, fishing, and waterfront dining. Outdoor enthusiasts will also appreciate the proximity to Merritt Island National Wildlife Refuge and Canaveral National Seashore, offering miles of preserved natural landscapes, trails, and wildlife viewing.

2. 2026-04-20
   status Pending

   Show marketing remark (996 chars)

   Opportunity knocks with this solid home situated in an established residential neighborhood surrounded by mature trees and natural greenery. Located on a quiet street with easy access to nearby amenities, this property offers a peaceful setting with strong upside potential. The home features a functional single-story layout with a 2-car garage, spacious driveway, and a large backyard, backing up to a wooded area for added privacy. A covered and screened-in patio provides a great foundation for outdoor living and entertaining. Inside, the property is a blank canvas ready for renovation. The living areas feature vaulted ceilings and good natural light. This property provides convenient access to the Atlantic shoreline, where you can enjoy surfing, fishing, and waterfront dining. Outdoor enthusiasts will also appreciate the proximity to Merritt Island National Wildlife Refuge and Canaveral National Seashore, offering miles of preserved natural landscapes, trails, and wildlife viewing.

3. 2026-04-17
   listed $175,000 Active 996-char remark

   Show marketing remark (996 chars)

   Opportunity knocks with this solid home situated in an established residential neighborhood surrounded by mature trees and natural greenery. Located on a quiet street with easy access to nearby amenities, this property offers a peaceful setting with strong upside potential. The home features a functional single-story layout with a 2-car garage, spacious driveway, and a large backyard, backing up to a wooded area for added privacy. A covered and screened-in patio provides a great foundation for outdoor living and entertaining. Inside, the property is a blank canvas ready for renovation. The living areas feature vaulted ceilings and good natural light. This property provides convenient access to the Atlantic shoreline, where you can enjoy surfing, fishing, and waterfront dining. Outdoor enthusiasts will also appreciate the proximity to Merritt Island National Wildlife Refuge and Canaveral National Seashore, offering miles of preserved natural landscapes, trails, and wildlife viewing.

4. 2026-04-17
   listed $175,000 Active

   Show marketing remark (996 chars)

   Opportunity knocks with this solid home situated in an established residential neighborhood surrounded by mature trees and natural greenery. Located on a quiet street with easy access to nearby amenities, this property offers a peaceful setting with strong upside potential. The home features a functional single-story layout with a 2-car garage, spacious driveway, and a large backyard, backing up to a wooded area for added privacy. A covered and screened-in patio provides a great foundation for outdoor living and entertaining. Inside, the property is a blank canvas ready for renovation. The living areas feature vaulted ceilings and good natural light. This property provides convenient access to the Atlantic shoreline, where you can enjoy surfing, fishing, and waterfront dining. Outdoor enthusiasts will also appreciate the proximity to Merritt Island National Wildlife Refuge and Canaveral National Seashore, offering miles of preserved natural landscapes, trails, and wildlife viewing.

5. 2004-07-06
   soldstatus $129,900
6. 1995-05-09
   soldstatus $67,000
7. 1995-03-10
   soldstatus $69,000

ⓘ 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: $2,306 · $192/mo
• Projected year-2 tax: $2,306 · $192/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 ≥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: $31,344
• − Mortgage interest: −$9,803
• − Property taxes: −$2,306
• − Insurance: −$875
• − Repairs & maintenance: −$2,508
• − Management: −$2,508
• − Depreciation: −$5,091
• Taxable income: $8,255
• Est. tax owed @ 24.0%: −$1,981
• After-tax cash flow: $8,588/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 — Port St. John

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Port St. John, FL
• County: Brevard County · 602,871 people
• City population: 28,493
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 29,219
• Household income: $86,075
• Rent vs Own: 7.7% rent · 92.3% own
• Severe rent burden: 192.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 5% Black 5%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -79.36%
• Current HPI: 330.5099
• Rent YoY: ▲ 2.48%
• 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

+153.6% since first listed

7 events — show timeline

• 2026-04-20 Pending — SCMLS
• 2026-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $175,000 SCMLS
• 2004-07-06 Sold (Public Records) $129,900 Public Records
• 1995-05-09 Sold (Public Records) $67,000 Public Records
• 1995-03-10 Sold (Public Records) $69,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $2,306 · +7.5% YoY. Source: county tax records.