844 Cardinal Ave · Rockledge, FL 32955

$165,000

2 bd · 2.0 ba · 1,115 sqft · Manufactured public records · 86 Days on market

Built 1990 Fair condition 6,098 sqft 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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable 2 bedroom, 2 full bath manufactured home on it's own land. Open floor plan with laminate flooring in living area and bedrooms, tile in the kitchen. Roof new in 2019, A/C replaced 2019 and new water heater installed in 2021. All the water pipes in the home were redone in 2021, with a transferable warranty to the new owner. All the faucets and shower heads are new. Well maintained one owner home ready for a new family. Central location in Rockledge, close to shopping, schools, restaurants and I-95. Don't wait, call today!

Key facts

• Front covered deck
• Convenient location
• Deck off of kitchen

Tags

• SPACIOUS MASTER SUITE
• FRONT COVERED DECK
• DECK OFF OF KITCHEN
• CONVENIENT LOCATION

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Cable connected; Electricity connected; Sewer connected
• Home design: Manufactured home; One level; Entry level: 1; South-facing
• Construction: Living area approximately 1,115; Pets allowed
• Exterior features: Deck; Few trees

Interior

• Kitchen: Refrigerator; Ice maker; Electric oven
• Bedrooms: 2 bedrooms (primary on main level)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Open floorplan; Vaulted ceilings; Breakfast nook; Pantry; Ceiling fan(s); Primary bathroom with shower (no tub); Primary bedroom on main level
• Laundry & utility: Washer; Dryer; Electric dryer hookup on lower level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $165k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $397 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $155k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#81 in FL, #1,315 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A, commute A-; Watch: amenities F.
• 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: Golfview Elementary Magnet School (math 32% / reading 36%, grade F, #1,744 of 2,144 statewide, top 82%, 441 students, 74% FRL); John F. Kennedy Middle School (math 67% / reading 59%, grade B+, #111 of 571 statewide, top 20%, 673 students, 41% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL).
• Market conditions: Rents flat; 317 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).

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.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• 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 $155,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 9.18%
• Cash-on-cash: 10.30%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.86×
• Total profit: $-6,579
• Equity at exit: $24,602

10-year hold

• IRR: 2.4%
• Equity multiple: 1.15×
• Total profit: $7,036
• Equity at exit: $14,266

Cash invested: $46,200 (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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 317
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,793 high
• Mortgage (P&I): −$865
• Tax from tax record: −$86 /mo · $1,033/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $397

Break-even live

Break-even rent $1,291

Max offer price $165,000

Occupancy floor 73%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,725	$3.67	14d	4	0.23mi
1515 Huntington Ln Rockledge, FL	2.0	1.0–2.0	470	$1,762	$3.75	23d	3	0.23mi
1675 S Fiske Blvd #155 Rockledge, FL	2.0	2.0	1170	$1,750	$1.50	13d	1	0.40mi
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	23d	1	0.49mi
1001 Cascade Cir Rockledge, FL	2.0–3.0	2.0	1274	$1,705	$1.34	14d	6	0.52mi
1913 Woodhaven Cir Rockledge, FL	2.0	2.0	930	$1,597	$1.72	13d	3	0.55mi
1525 S Fiske Blvd Rockledge, FL	1.0–2.0	1.0	890	$1,500	$1.69	23d	1	0.57mi
823 Angela Ave Unit A Rockledge, FL	2.0	2.0	1117	$1,750	$1.57	14d	1	0.64mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$1,905	$1.88	14d	23	0.65mi
1720 Murrell Rd #217 Rockledge, FL	2.0	2.0	928	$1,550	$1.67	23d	1	0.74mi
1880 Murrell Rd Unit Q63 Rockledge, FL	2.0	1.5	1200	$1,700	$1.42	23d	1	0.82mi
1600 Woodland Dr Unit 1 Rockledge, FL	3.0	2.0	1426	$1,995	$1.40	14d	1	0.93mi
944 Kentucky Ave Rockledge, FL	3.0	2.0	1236	$1,945	$1.57	19d	1	1.12mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	23d	1	1.18mi
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	23d	1	1.22mi
897 Levitt Pkwy Rockledge, FL	3.0	2.0	1386	$2,200	$1.59	23d	1	1.32mi
39 E Azalea Cir Rockledge, FL	3.0	2.0	1096	$2,100	$1.92	23d	1	1.34mi
39 E Azalea Cir Unit 1 Rockledge, FL	3.0	2.0	1096	$2,200	$2.01	23d	1	1.34mi
34 E Azalea Cir Rockledge, FL	3.0	2.0	1224	$1,800	$1.47	23d	1	1.36mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,133	$2.09	14d	33	1.44mi
801 Washington St Unit A Cocoa, FL	3.0	1.5	1000	$1,760	$1.76	23d	1	1.47mi
801 Washington St Unit B Cocoa, FL	2.0	1.0	700	$1,290	$1.84	23d	1	1.47mi
3140 Southgate Dr Rockledge, FL	2.0–3.0	2.0	1092	$1,386	$1.27	14d	6	1.48mi
613 Paw Paw St Apt A Cocoa, FL	2.0	1.0	1104	$1,175	$1.06	23d	1	1.50mi
516 Donley St Cocoa, FL	2.0	2.0	1485	$1,800	$1.21	19d	1	1.50mi
616 S Kentucky Ave Cocoa, FL	3.0	1.0	960	$1,600	$1.67	19d	1	1.50mi

Listing history 19 events

1. 2026-06-18
   days on market $165,000 Active 86 DOM
2. 2026-06-17
   days on market $165,000 Active 85 DOM
3. 2026-06-16
   days on market $165,000 Active 84 DOM
4. 2026-06-15
   days on market $165,000 Active 83 DOM
5. 2026-06-14
   days on market $165,000 Active 81 DOM
6. 2026-06-10
   days on market $165,000 Active 78 DOM
7. 2026-06-08
   days on market $165,000 Active 76 DOM
8. 2026-06-07
   days on market $165,000 Active 75 DOM
9. 2026-06-05
   days on market $165,000 Active 72 DOM
10. 2026-06-03
    days on market $165,000 Active 71 DOM
11. 2026-06-02
    days on market $165,000 Active 70 DOM
12. 2026-06-01
    days on market $165,000 Active 69 DOM
13. 2026-05-31
    days on market $165,000 Active 68 DOM
14. 2026-05-31
    days on market $165,000 Active 67 DOM
15. 2026-03-24
    listed $165,000 Active
16. 2022-02-03
    soldstatus $149,900 Closed 536-char remark

    Show marketing remark (536 chars)

    Affordable 2 bedroom, 2 full bath manufactured home on it's own land. Open floor plan with laminate flooring in living area and bedrooms, tile in the kitchen. Roof new in 2019, A/C replaced 2019 and new water heater installed in 2021. All the water pipes in the home were redone in 2021, with a transferable warranty to the new owner. All the faucets and shower heads are new. Well maintained one owner home ready for a new family. Central location in Rockledge, close to shopping, schools, restaurants and I-95. Don't wait, call today!

17. 2022-01-26
    status Pending 536-char remark

    Show marketing remark (536 chars)

    Affordable 2 bedroom, 2 full bath manufactured home on it's own land. Open floor plan with laminate flooring in living area and bedrooms, tile in the kitchen. Roof new in 2019, A/C replaced 2019 and new water heater installed in 2021. All the water pipes in the home were redone in 2021, with a transferable warranty to the new owner. All the faucets and shower heads are new. Well maintained one owner home ready for a new family. Central location in Rockledge, close to shopping, schools, restaurants and I-95. Don't wait, call today!

18. 2022-01-14
    historical Backups 536-char remark

    Show marketing remark (536 chars)

    Affordable 2 bedroom, 2 full bath manufactured home on it's own land. Open floor plan with laminate flooring in living area and bedrooms, tile in the kitchen. Roof new in 2019, A/C replaced 2019 and new water heater installed in 2021. All the water pipes in the home were redone in 2021, with a transferable warranty to the new owner. All the faucets and shower heads are new. Well maintained one owner home ready for a new family. Central location in Rockledge, close to shopping, schools, restaurants and I-95. Don't wait, call today!

19. 2022-01-12
    listed $149,900 Active 536-char remark

    Show marketing remark (536 chars)

    Affordable 2 bedroom, 2 full bath manufactured home on it's own land. Open floor plan with laminate flooring in living area and bedrooms, tile in the kitchen. Roof new in 2019, A/C replaced 2019 and new water heater installed in 2021. All the water pipes in the home were redone in 2021, with a transferable warranty to the new owner. All the faucets and shower heads are new. Well maintained one owner home ready for a new family. Central location in Rockledge, close to shopping, schools, restaurants and I-95. Don't wait, call today!

ⓘ 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: $1,033 · $86/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$336/yr (+$28/mo · 32.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $21,519
• − Mortgage interest: −$9,243
• − Property taxes: −$1,033
• − Insurance: −$825
• − Repairs & maintenance: −$1,722
• − Management: −$1,722
• − Depreciation: −$4,800
• Taxable income: $2,175
• Est. tax owed @ 24.0%: −$522
• After-tax cash flow: $4,237/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 · 13 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance, but has good potential for value increase with updates.

Repairs flagged

• Moderate Siding — Weathered and discolored
• Moderate Windows — Older, some discoloration
• Moderate Paint — Old paint, some discoloration

Value-add opportunities

• Resale Painting and repainting — Fresh paint can significantly improve curb appeal and home value
• Rental Landscaping — Well-maintained landscaping can attract tenants and increase rental value
• Both New flooring — New flooring can improve both resale and rental value by making the home more appealing

Renovation cost estimate screening

Repair item	Severity	Est. cost
Siding · Weathered and discolored	Moderate	$3,000–15,000
Windows · Older, some discoloration	Moderate	$3,000–15,000
Paint · Old paint, some discoloration	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale Painting and repainting — Fresh paint can significantly improve curb appeal and home value ↑
• Rental Landscaping — Well-maintained landscaping can attract tenants and increase rental value ↑
• Both New flooring — New flooring can improve both resale and rental value by making the home more appealing ↑

ⓘ 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 — Rockledge

• Score: 81/100
• State rank: #81
• US rank: #1315

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockledge, FL
• County: Brevard County · 602,871 people
• City population: 41,008
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

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 (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 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: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• 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

+10.1% since first listed

5 events — show timeline

• 2026-03-24 Listed $165,000 SCMLS
• 2022-02-03 Sold (MLS) $149,900 SCMLS
• 2022-01-26 Pending — SCMLS
• 2022-01-14 Contingent — SCMLS
• 2022-01-12 Listed $149,900 SCMLS

Property tax history

-11.4%/yr

Latest (2025): $1,033 · +3.7% YoY. Source: county tax records.