333 Meridian Run Dr #296 · Cocoa, FL 32926

$255,000

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 82 Days on market

Built 1999 6,534 sqft lot $250/mo HOA · 10% of rent

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Why this score? — see what drove the D 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 +12.6/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• 1% rule +4.4/10.0
• Rent growth +3.9/5.0
• DSCR +3.8/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW! Great Palm Harbor home remodeled. New flooring, paint, kitchen, bathrooms, fixtures, ac etc. Beautiful views of the lake and an outstanding interior product as well. You will really like the finishes and feel of this home. 3 Bed 2 Bath with over 1,500 sqft with carport and private 1 Car Garage. Huge screened in porch with views of the lake.

Key facts

• Elegant french doors
• Gourmet kitchen
• High-end finishes

Tags

• WATERFRONT SERENITY
• GOURMET KITCHEN
• ELEGANT FRENCH DOORS
• LAKEFRONT TRANQUILITY
• HIGH-END FINISHES
• LUXURY VINYL FLOORING

Property features AI

Finance

• HOA & community: Part of Northwest Lost Lakes association; Monthly association fee ($250) covering cable TV, internet, grounds maintenance, and security; Association amenities include clubhouse, fitness center, gated entry, boat dock, RV/boat storage, pickleball, shuffleboard, barbecue, car wash area, management on-site, maintenance (grounds and structures), and trash service; Senior community

Exterior

• Parking: Attached garage (1 space); Carport (1 space); Additional parking
• Security: Community security
• Utilities: Public sewer; Cable available; Water available
• Home design: Manufactured home; One story; North-facing
• Construction: Frame construction with vinyl and wood siding; Shingle roof
• Exterior features: Covered patio and porch; Screened porch; Patio; Few trees on lot; Asphalt road frontage; Lakefront waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Breakfast bar; Pantry; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast bar; Ceiling fans; Eat-in kitchen; Open floor plan; Pantry; Primary bathroom with shower (no tub); Split bedroom layout; Walk-in closets
• Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $255k.

Deal economics

• At list price, monthly cash flow is $-157 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (5.7% below list).
• Recommended offer: $227k (10.9% below list) — sets the bar for cash-flow.

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: Fairglen Elementary School (math 34% / reading 38%, grade F, #1,670 of 2,144 statewide, top 78%, 617 students, 71% FRL); Cocoa High School (math 21% / reading 27%, grade F, #529 of 667 statewide, top 80%, 1,551 students, 73% FRL) — zoned schools average 72% FRL vs 43% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 55% district-wide (-25 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 (+5.6%/yr); 291 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 41% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $8k 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 82 days — a 6% lower offer ($240k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $74k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $162k; list at $255k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,216 (10.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
13. 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.
14. 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.
15. 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: 0.94% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.54%
• DSCR: 0.98
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.37×
• Total profit: $-44,668
• Equity at exit: $38,021

10-year hold

• IRR: -4.3%
• Equity multiple: 0.68×
• Total profit: $-22,981
• Equity at exit: $22,048

Cash invested: $71,400 (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 32926

• Home prices YoY: -16.9%
• Rents YoY: 5.6%
• Active inventory: 291
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,404 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$238 /mo · $2,856/yr
• Insurance: −$106
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$250
• Vacancy / Maint / Mgmt: −$505
• Net cashflow: $-157

Break-even live

Break-even rent $2,603

Max offer price $227,216

Occupancy floor —

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5352 Talbot Blvd Cocoa, FL	4.0	2.0	1900	$2,400	$1.26	14d	1	0.42mi
1839 Morely Dr Cocoa, FL	4.0	2.0	1830	$2,495	$1.36	21d	1	0.67mi
4300 Florida 524 Cocoa, FL	1.0–2.0	1.0–2.0	950	$1,880	$1.98	13d	197	1.39mi
1708 Starship DR Cocoa, FL	1.0–3.0	1.0–2.0	1418	$2,549	$1.80	10d	81	1.40mi

HOA detail

• Monthly dues: $250 · $3,000/yr

Listing history 27 events

1. 2026-06-18
   days on market $255,000 Active 82 DOM
2. 2026-06-17
   pricedays on market $255,000 Active 81 DOM
3. 2026-06-16
   days on market $275,000 Active 80 DOM
4. 2026-06-15
   remarks 580-char remark
5. 2026-06-15
   days on market $275,000 Active 79 DOM
6. 2026-06-14
   days on market $275,000 Active 77 DOM
7. 2026-06-10
   days on market $275,000 Active 74 DOM
8. 2026-06-08
   days on market $275,000 Active 72 DOM
9. 2026-06-07
   days on market $275,000 Active 71 DOM
10. 2026-06-05
    days on market $275,000 Active 68 DOM
11. 2026-06-03
    days on market $275,000 Active 67 DOM
12. 2026-06-02
    days on market $275,000 Active 66 DOM
13. 2026-06-01
    days on market $275,000 Active 65 DOM
14. 2026-05-31
    days on market $275,000 Active 64 DOM
15. 2026-05-31
    days on market $275,000 Active 63 DOM
16. 2026-05-18
    status Active
17. 2026-05-18
    price $275,000
18. 2026-05-01
    historical
19. 2026-03-20
    price $285,000
20. 2026-03-11
    listed $329,000 Active
21. 2017-04-03
    soldstatus $162,000 347-char remark

    Show marketing remark (347 chars)

    WOW! Great Palm Harbor home remodeled. New flooring, paint, kitchen, bathrooms, fixtures, ac etc. Beautiful views of the lake and an outstanding interior product as well. You will really like the finishes and feel of this home. 3 Bed 2 Bath with over 1,500 sqft with carport and private 1 Car Garage. Huge screened in porch with views of the lake.

22. 2016-12-13
    listed $169,000 347-char remark

    Show marketing remark (347 chars)

    WOW! Great Palm Harbor home remodeled. New flooring, paint, kitchen, bathrooms, fixtures, ac etc. Beautiful views of the lake and an outstanding interior product as well. You will really like the finishes and feel of this home. 3 Bed 2 Bath with over 1,500 sqft with carport and private 1 Car Garage. Huge screened in porch with views of the lake.

23. 2016-09-12
    soldstatus $97,500
24. 2016-08-19
    historical 579-char remark

    Show marketing remark (579 chars)

    LOST LAKES * * DIRECT WATERFRONT * * 55+ gated Community/Situated on the ''Big ''Lake'' with an awesome view/ Tons of Screening-big windows & high ceilings let the feel of the outside in/Bright eat-in kitchen offers water view too/Split Bedroom plan/Laminate flooring in living areas/Indoor laundry area/ 1-car garage (has insulation) AND 1-car carport attached/double wide driveway/Got a RV, Camper or boat? No problem lots of parking available within designated area/lot of activities available for the social type/Seller request 1 hour notice to remove pet from home/

25. 2016-07-11
    listed $138,900 579-char remark

    Show marketing remark (579 chars)

    LOST LAKES * * DIRECT WATERFRONT * * 55+ gated Community/Situated on the ''Big ''Lake'' with an awesome view/ Tons of Screening-big windows & high ceilings let the feel of the outside in/Bright eat-in kitchen offers water view too/Split Bedroom plan/Laminate flooring in living areas/Indoor laundry area/ 1-car garage (has insulation) AND 1-car carport attached/double wide driveway/Got a RV, Camper or boat? No problem lots of parking available within designated area/lot of activities available for the social type/Seller request 1 hour notice to remove pet from home/

26. 2001-01-17
    soldstatus $115,000
27. 1999-04-22
    soldstatus $134,500

ⓘ 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: $2,856 · $238/mo
• Projected year-2 tax: $2,856 · $238/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 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: $28,852
• − Mortgage interest: −$14,284
• − Property taxes: −$2,856
• − Insurance: −$2,778
• − Repairs & maintenance: −$2,308
• − Management: −$2,308
• − HOA: −$3,000
• − Depreciation: −$7,418
• Taxable loss: −$6,100
• Est. tax savings @ 24.0%: +$1,464
• After-tax cash flow: $-423/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 — 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): 23,505
• Household income: $70,735
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 782.0

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% Black 11% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 5% · Canada, Vietnam, Jamaica
• Languages at home: 91% English-only · Spanish 6% Vietnamese 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: ▼ -68.32%
• Current HPI: 335.1251
• Rent YoY: ▲ 5.60%
• 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

+104.5% since first listed

12 events — show timeline

• 2026-05-18 Relisted — SCMLS
• 2026-05-18 Price Changed $275,000 SCMLS
• 2026-05-01 Listing Removed — SCMLS
• 2026-03-20 Price Changed $285,000 SCMLS
• 2026-03-11 Listed $329,000 SCMLS
• 2017-04-03 Sold (MLS) $162,000 SCMLS
• 2016-12-13 Listed $169,000 SCMLS
• 2016-09-12 Sold (Public Records) $97,500 Public Records
• 2016-08-19 Listing Removed — SCMLS
• 2016-07-11 Listed $138,900 SCMLS
• 2001-01-17 Sold (Public Records) $115,000 Public Records
• 1999-04-22 Sold (Public Records) $134,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,856 · +3.0% YoY. Source: county tax records.