214 Blake Ave Unit Sfr · Cocoa, FL 32922

$189,000

4 bd · 2.0 ba · 1,536 sqft · SingleFamily · 46 Days on market

Built 1959 Fair condition 0.28 ac 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 +21.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.7/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Single-family home offering 4 bedrooms, 2 bathrooms, and 1,536 square feet, situated on an oversized corner lot of just over a quarter of an acre with no HOA restrictions. This property provides a strong foundation with key improvements already completed, including a new roof, impact-rated windows, and impact-rated metal exterior doors. The stucco exterior has been recently updated with fresh paint, giving the home a clean and solid exterior presence. The interior layout offers a functional footprint with great bones and plenty of flexibility to update, redesign, or enhance over time. The generous lot size adds even more potential, with space for outdoor living or expansion. Located just mi

Key facts

• Oversized corner lot
• Beach access
• New roof

Tags

• OVERSIZED CORNER LOT
• NEW ROOF
• IMPACT RATED WINDOWS
• BEACH ACCESS
• RECENT STRUCTURAL UPGRADES

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Attached covered carport (1 space)
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Single family residence; One story; Faces west
• Construction: Block, concrete, and stucco construction; Shingle roof; Built area roughly 1,656 total (1,536 living area)
• Exterior features: Other exterior features; Corner lot; Asphalt/paved road access

Interior

• Kitchen: Refrigerator; Other kitchen appliances
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fan(s); Other interior features
• Laundry & utility: Laundry in carport

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $189k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#344 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, 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: Endeavour Elementary School (math 15% / reading 20%, grade F, #2,117 of 2,144 statewide, top 99%, 717 students, 72% FRL); Ronald Mcnair Magnet Middle School (math 58% / reading 50%, grade B-, #196 of 571 statewide, top 36%, 364 students, 58% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL) — zoned schools average 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 55% district-wide (-18 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.1%/yr); 167 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); lower-income renter base — watch delinquency; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• At $2,024/mo this rent would consume 55% of the median local household income ($44k/yr) (locally 1007% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 46 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F 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 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: 1.07% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.65%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.13% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-9,604
• Equity at exit: $28,181

10-year hold

• IRR: 6.2%
• Equity multiple: 1.48×
• Total profit: $25,568
• Equity at exit: $16,341

Cash invested: $52,920 (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 32922

• Home prices YoY: -20.3%
• Rents YoY: 4.1%
• Active inventory: 167
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,024 high
• Mortgage (P&I): −$991
• Tax est. 1.5%: −$236 /mo · $2,835/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $293

Break-even live

Break-even rent $1,653

Max offer price $189,000

Occupancy floor 81%

Sensitivity live

Price	-10% $424	-5% $358	+0% $293	+5% $228	+10% $162
Rent	-10% $133	-5% $213	+0% $293	+5% $373	+10% $453
Rate	-1.0pp $388	-0.5pp $341	base $293	+0.5pp $244	+1.0pp $194

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 Prospect Ave Cocoa, FL	3.0	1.0	1180	$1,595	$1.35	24d	1	0.45mi
305 Edinburgh Dr Cocoa, FL	3.0	1.5	1280	$1,750	$1.37	24d	1	0.45mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	24d	1	0.56mi
420 N Fiske Blvd Cocoa, FL	3.0	1.5	1382	$1,695	$1.23	24d	1	0.65mi
944 Kentucky Ave Rockledge, FL	3.0	2.0	1236	$1,945	$1.57	20d	1	0.71mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,467	$2.42	15d	33	0.73mi
1515 Peachtree St Cocoa, FL	3.0	2.0	1056	$1,475	$1.40	24d	1	0.97mi
102 Riverside Dr #806 Cocoa, FL	3.0	3.0	2019	$3,500	$1.73	24d	1	0.97mi
1607 Amalfi Dr Cocoa, FL	3.0–4.0	2.0	1750	$2,619	$1.50	14d	5	1.11mi
1147 Manatee Dr Rockledge, FL	3.0	2.0	1810	$2,095	$1.16	20d	1	1.14mi
1105 Myrtle Ln Cocoa, FL	3.0	1.5	1232	$1,800	$1.46	15d	1	1.22mi

Listing history 12 events

1. 2026-06-18
   days on market $189,000 Active 46 DOM
2. 2026-06-17
   days on market $189,000 Active 45 DOM
3. 2026-06-16
   status $189,000 Active 44 DOM
4. 2026-06-03
   statusdays on market $189,000 Pending 44 DOM
5. 2026-06-02
   days on market $189,000 Active 43 DOM
6. 2026-06-01
   days on market $189,000 Active 42 DOM
7. 2026-05-31
   days on market $189,000 Active 41 DOM
8. 2026-05-31
   days on market $189,000 Active 40 DOM
9. 2026-04-20
   listed $189,000 Active
10. 2024-03-26
    historical
11. 2024-03-11
    price $174,900
12. 2024-03-01
    listed $179,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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: $24,291
• − Mortgage interest: −$10,587
• − Property taxes: −$2,835
• − Insurance: −$945
• − Repairs & maintenance: −$1,943
• − Management: −$1,943
• − Depreciation: −$5,498
• Taxable income: $540
• Est. tax owed @ 24.0%: −$130
• After-tax cash flow: $3,387/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This single-family home requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathroom, and HVAC system.

Repairs flagged

• Major kitchen countertops — Severely worn and outdated
• Major bathroom fixtures — Outdated and in poor condition
• Major HVAC system — Outdated and likely inefficient

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal
• Resale Replace countertops and fixtures — Upgraded materials improve functionality and aesthetics
• Both Replace HVAC system — Modern system improves comfort and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen countertops · Severely worn and outdated	Major	$15,000–50,000
bathroom fixtures · Outdated and in poor condition	Major	$15,000–50,000
HVAC system · Outdated and likely inefficient	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal ↑
• Resale Replace countertops and fixtures — Upgraded materials improve functionality and aesthetics ↑
• Both Replace HVAC system — Modern system improves comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Cocoa

• Score: 72/100
• State rank: #344
• US rank: #5979

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cocoa, FL
• County: Brevard County · 602,871 people
• City population: 67,424
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 14,700
• Household income: $44,469
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1007.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 45% Black 29% Hispanic / Latino 21% Two or more races 12%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1% Cuban 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 81% English-only · Spanish 16% German/W. Germanic 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: ▼ -68.95%
• Current HPI: 271.1139
• Rent YoY: ▲ 4.13%
• 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

+5.1% since first listed

4 events — show timeline

• 2026-04-20 Listed $189,000 SCMLS
• 2024-03-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-11 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-01 Listed $179,900 Stellar MLS as Distributed by MLS Grid