214 Blake Ave · Cocoa, FL 32922

$189,000

3 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 44 Days on market

Built 1959 0.28 ac lot

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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 +17.9/30.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +4.7/10.0
• 1% rule +4.6/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 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
• New roof
• Impact rated windows

Tags

• OVERSIZED CORNER LOT
• NEW ROOF
• IMPACT RATED WINDOWS
• CLOSE PROXIMITY TO COCOA BEACH
• SPACE FOR OUTDOOR LIVING

Property features AI

Finance

• Other: Lot approximately 0.28 acres (1/4 to less than 1/2 acre); Asphalt/paved road access
• HOA & community: No HOA association listed; Pets allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; Residential property; One story; Faces west
• Construction: Block, concrete, and stucco construction; Shingle roof; Slab foundation; Built as a residential single family home
• Exterior features: Private mailbox; Sidewalk

Interior

• Kitchen: Range; Refrigerator; Other appliances
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Other interior features
• Laundry & utility: Laundry room (other features)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (4.3% below list).
• Recommended offer: $181k (4.3% below list) — sets the bar for 1% rule.

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; 15 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 $1,808/mo this rent would consume 49% 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 44 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.

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 $180,845 (4.3% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.96% ✗
• Cap rate: 7.31%
• Cash-on-cash: 3.62%
• DSCR: 1.16
• GRM: 8.7

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: -9.4%
• Equity multiple: 0.65×
• Total profit: $-18,386
• Equity at exit: $28,181

10-year hold

• IRR: 1.5%
• Equity multiple: 1.11×
• Total profit: $5,817
• 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: 8.7×

Monthly cashflow live

• Estimated rent: $1,808 high
• Mortgage (P&I): −$991
• Tax from tax record: −$199 /mo · $2,392/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $159

Break-even live

Break-even rent $1,607

Max offer price $189,000

Occupancy floor 86%

Sensitivity live

Price	-10% $266	-5% $213	+0% $159	+5% $106	+10% $52
Rent	-10% $17	-5% $88	+0% $159	+5% $231	+10% $302
Rate	-1.0pp $255	-0.5pp $208	base $159	+0.5pp $110	+1.0pp $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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
613 Paw Paw St Apt A Cocoa, FL	2.0	1.0	1104	$1,175	$1.06	25d	1	0.28mi
516 Donley St Cocoa, FL	2.0	2.0	1485	$1,800	$1.21	20d	1	0.32mi
305 Prospect Ave Cocoa, FL	3.0	1.0	1180	$1,595	$1.35	25d	1	0.45mi
305 Edinburgh Dr Cocoa, FL	3.0	1.5	1280	$1,750	$1.37	25d	1	0.45mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	25d	1	0.56mi
39 Carmalt St Unit B Cocoa, FL	2.0	1.0	1514	$1,550	$1.02	25d	1	0.63mi
420 N Fiske Blvd Cocoa, FL	3.0	1.5	1382	$1,695	$1.23	25d	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	16d	33	0.73mi
1515 Peachtree St Cocoa, FL	3.0	2.0	1056	$1,475	$1.40	25d	1	0.97mi
102 Riverside Dr #806 Cocoa, FL	3.0	3.0	2019	$3,500	$1.73	25d	1	0.97mi
1607 Amalfi Dr Cocoa, FL	3.0–4.0	2.0	1750	$2,488	$1.42	15d	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	16d	1	1.22mi
1675 S Fiske Blvd #155 Rockledge, FL	2.0	2.0	1170	$1,750	$1.50	15d	1	1.46mi

Listing history 17 events

1. 2026-06-22
   days on market $189,000 Active 44 DOM
2. 2026-06-18
   days on market $189,000 Active 41 DOM
3. 2026-06-17
   days on market $189,000 Active 40 DOM
4. 2026-06-16
   days on market $189,000 Active 39 DOM
5. 2026-06-15
   days on market $189,000 Active 38 DOM
6. 2026-06-14
   days on market $189,000 Active 36 DOM
7. 2026-06-10
   days on market $189,000 Active 33 DOM
8. 2026-06-08
   days on market $189,000 Active 31 DOM
9. 2026-06-07
   days on market $189,000 Active 30 DOM
10. 2026-06-05
    days on market $189,000 Active 27 DOM
11. 2026-06-03
    days on market $189,000 Active 26 DOM
12. 2026-06-02
    days on market $189,000 Active 25 DOM
13. 2026-06-01
    days on market $189,000 Active 24 DOM
14. 2026-05-31
    days on market $189,000 Active 23 DOM
15. 2026-05-31
    days on market $189,000 Active 22 DOM
16. 2026-05-08
    status Pending
17. 2026-04-20
    listed $189,000 Active

ⓘ 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: $2,392 · $199/mo
• Projected year-2 tax: $2,392 · $199/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 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: $21,701
• − Mortgage interest: −$10,587
• − Property taxes: −$2,392
• − Insurance: −$945
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − Depreciation: −$5,498
• Taxable loss: −$1,193
• Est. tax savings @ 24.0%: +$286
• After-tax cash flow: $2,200/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): 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

2 events — show timeline

• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listed $189,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.1%/yr

Latest (2025): $2,392 · +3.4% YoY. Source: county tax records.