433 Marlin Cir · Micco, FL 32976

$175,000

3 bd · 2.0 ba · 1,209 sqft · Manufactured public records · 159 Days on market

Built 1987 4,792 sqft lot $82/mo HOA · 5% 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 +15.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• DSCR +4.8/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is IMMACULATE! You won''t find a spec of dirt or anything out-of-place. Living room is large. Kitchen has morning room and pantry, plus a built-in desk and all the appliances (not a H2O filter). Dining room has built-in hutch. Laundry area includes w/ d and has access to porch. Guest bathroom opens to guest bedroom (which has walk-in closet) and laundry room. Master bedroom is HUGE! Sink and long countertop area are separated from toilet/shower and walk-in closet. Lovely landscacping.

Key facts

• 4,792 sq ft lot
• Parking
• Community pool

Property features AI

Finance

• HOA & community: Part of Barefoot Bay Recreation District; Monthly association fee of $82 (includes trash); Community amenities: Basketball court, Beach access, Clubhouse, Golf course, Pickleball, Playground, RV/boat storage, Shuffleboard, Tennis courts, Trash service

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Electricity available and connected; Water connected; Sewer connected
• Home design: Manufactured home; Faces east; Used as single-family
• Construction: Vinyl siding
• Exterior features: Side porch (screened); Back yard chain link fence; Metal roof; City street frontage; Asphalt road surface; Lot features: Other

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Furnished; Screened side porch
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $-52 ($-622/yr) — negative.
• To cash-flow at today's rent, offer at most $166k (5.2% below list).
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 186 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 159 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% 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 159 days. Have you received any prior offers? Is the seller open to a 12% 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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.
10. 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.
11. 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: 1.02% ✓
• Cap rate: 6.80%
• Cash-on-cash: 1.80%
• DSCR: 1.08
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -18.3%
• Equity multiple: 0.36×
• Total profit: $-31,479
• Equity at exit: $26,093

10-year hold

• IRR: -10.3%
• Equity multiple: 0.37×
• Total profit: $-30,926
• 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 32976

• Home prices YoY: -18.6%
• Active inventory: 186
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$918
• Tax from tax record: −$263 /mo · $3,159/yr
• Insurance: −$73
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$82
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-52

Break-even live

Break-even rent $1,850

Max offer price $165,839

Occupancy floor 98%

Sensitivity live

Price	-10% $47	-5% $-2	+0% $-52	+5% $-101	+10% $-151
Rent	-10% $-193	-5% $-122	+0% $-52	+5% $19	+10% $89
Rate	-1.0pp $36	-0.5pp $-7	base $-52	+0.5pp $-97	+1.0pp $-143

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 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	16d	1	0.34mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	25d	1	0.41mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	25d	1	0.49mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	25d	1	0.68mi
8520 US Highway 1 #10 Sebastian, FL	2.0	2.0	1091	$1,800	$1.65	25d	1	0.73mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	25d	1	0.77mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	25d	1	0.77mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	25d	1	0.79mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	25d	1	0.94mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	25d	1	1.00mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	25d	1	1.08mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	25d	1	1.11mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	25d	1	1.22mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	25d	1	1.28mi

HOA detail

• Monthly dues: $82 · $984/yr
• Likely covers: water

Listing history 38 events

1. 2026-06-22
   remarks 699-char remark
2. 2026-06-22
   days on market $175,000 Active 159 DOM
3. 2026-06-18
   days on market $175,000 Active 156 DOM
4. 2026-06-17
   days on market $175,000 Active 155 DOM
5. 2026-06-16
   days on market $175,000 Active 154 DOM
6. 2026-06-15
   days on market $175,000 Active 153 DOM
7. 2026-06-14
   days on market $175,000 Active 151 DOM
8. 2026-06-10
   days on market $175,000 Active 148 DOM
9. 2026-06-08
   days on market $175,000 Active 146 DOM
10. 2026-06-07
    days on market $175,000 Active 145 DOM
11. 2026-06-05
    days on market $175,000 Active 142 DOM
12. 2026-06-03
    days on market $175,000 Active 141 DOM
13. 2026-06-02
    days on market $175,000 Active 140 DOM
14. 2026-06-01
    days on market $175,000 Active 139 DOM
15. 2026-05-31
    days on market $175,000 Active 138 DOM
16. 2026-05-31
    days on market $175,000 Active 137 DOM
17. 2026-05-06
    price $175,000
18. 2026-05-03
    status Active
19. 2026-04-07
    price $179,000
20. 2026-03-17
    price $185,000
21. 2026-02-27
    status Active
22. 2026-02-19
    status Pending
23. 2026-02-19
    historical
24. 2026-01-27
    price $190,000
25. 2025-11-12
    price $199,000
26. 2025-11-01
    listed $205,000 Active
27. 2025-10-21
    historical $205,000
28. 2021-10-29
    soldstatus $150,000
29. 2016-08-16
    historical 499-char remark

    Show marketing remark (499 chars)

    This home is IMMACULATE! You won''t find a spec of dirt or anything out-of-place. Living room is large. Kitchen has morning room and pantry, plus a built-in desk and all the appliances (not a H2O filter). Dining room has built-in hutch. Laundry area includes w/ d and has access to porch. Guest bathroom opens to guest bedroom (which has walk-in closet) and laundry room. Master bedroom is HUGE! Sink and long countertop area are separated from toilet/shower and walk-in closet. Lovely landscacping.

30. 2012-02-13
    soldstatus $40,000 495-char remark

    Show marketing remark (495 chars)

    REDUCED!!!DON''T MISS OUT ON THIS ONE!!!! Well maintained 1987 Fuqua home. Raised, enclosed Florida room catches the east breezes. The tiled eat-in kitchen (12x16) has vast counter space, pantry, storage and a bay window. There is also a built-in desk located in this great kitchen. Convenient interior laundry. Huge master bedroom with adjoining vanity area. Shower and commode are in a separate room. Both bedrooms have walk-in closets. Dining area has a built-in china hutch. Sign on property

31. 2012-02-13
    soldstatus $40,000

    Show marketing remark (495 chars)

    REDUCED!!!DON''T MISS OUT ON THIS ONE!!!! Well maintained 1987 Fuqua home. Raised, enclosed Florida room catches the east breezes. The tiled eat-in kitchen (12x16) has vast counter space, pantry, storage and a bay window. There is also a built-in desk located in this great kitchen. Convenient interior laundry. Huge master bedroom with adjoining vanity area. Shower and commode are in a separate room. Both bedrooms have walk-in closets. Dining area has a built-in china hutch. Sign on property

32. 2011-07-28
    listed $46,500 495-char remark

    Show marketing remark (495 chars)

    REDUCED!!!DON''T MISS OUT ON THIS ONE!!!! Well maintained 1987 Fuqua home. Raised, enclosed Florida room catches the east breezes. The tiled eat-in kitchen (12x16) has vast counter space, pantry, storage and a bay window. There is also a built-in desk located in this great kitchen. Convenient interior laundry. Huge master bedroom with adjoining vanity area. Shower and commode are in a separate room. Both bedrooms have walk-in closets. Dining area has a built-in china hutch. Sign on property

33. 2009-08-27
    listed $64,000 499-char remark

    Show marketing remark (499 chars)

    This home is IMMACULATE! You won''t find a spec of dirt or anything out-of-place. Living room is large. Kitchen has morning room and pantry, plus a built-in desk and all the appliances (not a H2O filter). Dining room has built-in hutch. Laundry area includes w/ d and has access to porch. Guest bathroom opens to guest bedroom (which has walk-in closet) and laundry room. Master bedroom is HUGE! Sink and long countertop area are separated from toilet/shower and walk-in closet. Lovely landscacping.

34. 1997-04-21
    soldstatus $54,900
35. 1991-07-01
    soldstatus $15,000
36. 1987-04-01
    soldstatus $12,500
37. 1986-12-01
    soldstatus $10,000
38. 1986-03-01
    soldstatus $9,000

ⓘ 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: $3,159 · $263/mo
• Projected year-2 tax: $3,159 · $263/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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 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: $21,407
• − Mortgage interest: −$9,803
• − Property taxes: −$3,159
• − Insurance: −$2,378
• − Repairs & maintenance: −$1,713
• − Management: −$1,713
• − HOA: −$984
• − Depreciation: −$5,091
• Taxable loss: −$3,433
• Est. tax savings @ 24.0%: +$824
• After-tax cash flow: $202/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 — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -73.57%
• Current HPI: 321.5196
• Rent YoY: —
• Metro: —
• 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

+1844.4% since first listed

22 events — show timeline

• 2026-05-06 Price Changed $175,000 SCMLS
• 2026-05-03 Relisted — SCMLS
• 2026-04-07 Price Changed $179,000 SCMLS
• 2026-03-17 Price Changed $185,000 SCMLS
• 2026-02-27 Relisted — SCMLS
• 2026-02-19 Pending — SCMLS
• 2026-02-19 Listing Removed — SCMLS
• 2026-01-27 Price Changed $190,000 SCMLS
• 2025-11-12 Price Changed $199,000 SCMLS
• 2025-11-01 Listed $205,000 SCMLS
• 2025-10-21 Coming Soon $205,000 SCMLS
• 2021-10-29 Sold (Public Records) $150,000 Public Records
• 2016-08-16 Listing Removed — SCMLS
• 2012-02-13 Sold (MLS) $40,000 RAIRCMLS
• 2012-02-13 Sold (MLS) $40,000 SCMLS
• 2011-07-28 Listed $46,500 SCMLS
• 2009-08-27 Listed $64,000 SCMLS
• 1997-04-21 Sold (Public Records) $54,900 Public Records
• 1991-07-01 Sold (Public Records) $15,000 Public Records
• 1987-04-01 Sold (Public Records) $12,500 Public Records
• 1986-12-01 Sold (Public Records) $10,000 Public Records
• 1986-03-01 Sold (Public Records) $9,000 Public Records

Property tax history

+18.8%/yr

Latest (2025): $3,159 · -0.2% YoY. Source: county tax records.