2978 Sir Hamilton Cir #7 · Titusville, FL 32780

$95,999

1 bd · 1.0 ba · 736 sqft · Condo public records · 41 Days on market

Built 1984 $372/mo HOA · 28% of rent

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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 +15.0/30.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.6/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cozy and affordable 1 bedroom/1 bathroom condo in Camelot Estates comes fully furnished and features an in-unit washer and dryer, making this property move-in ready! The end unit offers much privacy with a screened in porch, or enjoy some sun at the community pool with a one time $30 pool key. HOA includes trash, maintenance, cable, and internet. Located just off US-1, so it's close to all grocery stores and major highways, as well as a great view for rocket launches!

Key facts

• Community pool
• Laundry room
• First-floor end unit

Tags

• LAUNDRY ROOM
• SCREENED IN BACK PORCH
• FIRST-FLOOR END UNIT
• WOODED VIEWS
• COMMUNITY POOL

Property features AI

Finance

• Other: Furnished unit; Land lease: yes
• HOA & community: Has association (Camelot Estates); Monthly association fee of $298; Additional monthly fee of $74; Association covers cable TV, insurance, internet, grounds maintenance, pest control, and trash; Association provides off-site management and grounds maintenance

Exterior

• Parking: Assigned parking; Additional parking available
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected
• Home design: Condominium; Entry level: 1; One level; Faces east; Property attached; 2 total stories in building
• Construction: Brick construction; Shingle roof
• Exterior features: Rear screened porch; Corner lot; City street frontage; Concrete road surface

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom (main level)
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Breakfast bar; Primary bathroom with tub/shower
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $96k.

Deal economics

• At list price, monthly cash flow is $30 ($355/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).
• Recommended offer: $93k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#42 in FL, #668 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D, 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: Coquina Elementary School (math 38% / reading 45%, grade F, #1,437 of 2,144 statewide, top 68%, 557 students, 75% FRL); Andrew Jackson Middle School (math 52% / reading 47%, grade C, #259 of 571 statewide, top 46%, 551 students, 58% FRL); Titusville High School (math 33% / reading 52%, grade F, #264 of 667 statewide, top 41%, 1,314 students, 55% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $663 of loan paydown is wiped out by about $3k 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 41 days — a 3% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 7y 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.
• Current owner paid $48k; list at $96k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,119 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D 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. 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.38% ✓
• Cap rate: 6.66%
• Cash-on-cash: 1.32%
• DSCR: 1.06
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-15,674
• Equity at exit: $14,314

10-year hold

• IRR: -13.7%
• Equity multiple: 0.29×
• Total profit: $-19,134
• Equity at exit: $8,300

Cash invested: $26,880 (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 32780

• Rents YoY: 1.3%
• Active inventory: 462
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,322 high
• Mortgage (P&I): −$503
• Tax from tax record: −$99 /mo · $1,193/yr
• Insurance: −$40
• HOA: −$372
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $30

Break-even live

Break-even rent $1,285

Max offer price $95,999

Occupancy floor 93%

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: $24,000
• Closing costs: $2,880
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3142 Sir Hamilton Cir Titusville, FL	1.0	1.0	736	$1,250	$1.70	23d	1	0.02mi
102 Court St Titusville, FL	1.0–2.0	1.0	721	$1,325	$1.84	23d	6	0.40mi
2825 S Washington Ave Titusville, FL	2.0	1.0	613	$1,748	$2.85	14d	31	0.41mi
2825 S Washington Ave Titusville, FL	2.0	1.0	613	$1,748	$2.85	14d	31	0.41mi
3550 Sable Palm Ln Unit L Titusville, FL	1.0	1.0	695	$1,150	$1.65	23d	1	0.51mi
3570 Sable Palm Ln Titusville, FL	1.0–2.0	1.0–2.0	779	$1,200	$1.54	21d	3	0.55mi
3590 Sable Palm Ln Unit G Titusville, FL	1.0	1.0	695	$1,125	$1.62	23d	1	0.61mi
1710 S Washington Ave #16 Titusville, FL	2.0	1.0	710	$1,100	$1.55	23d	1	0.87mi
1710 S Washington Ave Unit 1 Titusville, FL	2.0	1.0	710	$1,250	$1.76	23d	1	0.87mi
3805 S Hopkins Ave Titusville, FL	1.0–2.0	1.0	720	$1,149	$1.60	14d	7	0.88mi
3072 Finsterwald Dr Titusville, FL	1.0	1.0	750	$1,775	$2.37	23d	1	0.95mi
1516 Roger Dr Unit 2 Titusville, FL	1.0	1.0	550	$1,600	$2.91	23d	1	1.04mi
2170 Knox Mc Rae Dr #38 Titusville, FL	1.0	1.0	550	$1,050	$1.91	23d	1	1.38mi
2170 Knox Mc Rae Dr #39 Titusville, FL	1.0	1.0	550	$1,000	$1.82	14d	1	1.38mi

HOA detail condo

• Monthly dues: $372 · $4,464/yr
• Likely covers: trashinternetcablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 36 events

1. 2026-06-18
   days on market $95,999 Active 41 DOM
2. 2026-06-17
   days on market $95,999 Active 40 DOM
3. 2026-06-16
   days on market $95,999 Active 39 DOM
4. 2026-06-15
   days on market $95,999 Active 38 DOM
5. 2026-06-14
   days on market $95,999 Active 36 DOM
6. 2026-06-10
   days on market $95,999 Active 33 DOM
7. 2026-06-08
   days on market $95,999 Active 31 DOM
8. 2026-06-07
   days on market $95,999 Active 30 DOM
9. 2026-06-05
   days on market $95,999 Active 27 DOM
10. 2026-06-03
    days on market $95,999 Active 26 DOM
11. 2026-06-02
    days on market $95,999 Active 25 DOM
12. 2026-06-01
    days on market $95,999 Active 24 DOM
13. 2026-05-31
    days on market $95,999 Active 23 DOM
14. 2026-05-31
    days on market $95,999 Active 22 DOM
15. 2026-05-08
    listed $95,999 Active
16. 2025-11-17
    historical 477-char remark

    Show marketing remark (477 chars)

    This cozy and affordable 1 bedroom/1 bathroom condo in Camelot Estates comes fully furnished and features an in-unit washer and dryer, making this property move-in ready! The end unit offers much privacy with a screened in porch, or enjoy some sun at the community pool with a one time $30 pool key. HOA includes trash, maintenance, cable, and internet. Located just off US-1, so it's close to all grocery stores and major highways, as well as a great view for rocket launches!

17. 2025-09-17
    listed $99,000 Active 477-char remark

    Show marketing remark (477 chars)

    This cozy and affordable 1 bedroom/1 bathroom condo in Camelot Estates comes fully furnished and features an in-unit washer and dryer, making this property move-in ready! The end unit offers much privacy with a screened in porch, or enjoy some sun at the community pool with a one time $30 pool key. HOA includes trash, maintenance, cable, and internet. Located just off US-1, so it's close to all grocery stores and major highways, as well as a great view for rocket launches!

18. 2025-01-07
    historical 518-char remark

    Show marketing remark (518 chars)

    Affordable, Cozy and Quaint 1BR/1BA, * * FULLY FURNISHED * * condo in Camelot Estates. Enjoy the privacy of this 1st floor, end unit with 736 sq ft of living space. Sip your morning coffee on the private screened back porch with no rear neighbors. This one is completely move in ready, just pack your bags! Prime Titusville location, close to everything. Low monthly HOA covers Cable, Internet, and Trash. Community Pool. (one time $30 pool key fee) Roof 2022, A/C and water heater 2019. Why rent when you can own?!

19. 2024-09-03
    price $108,000 518-char remark

    Show marketing remark (518 chars)

    Affordable, Cozy and Quaint 1BR/1BA, * * FULLY FURNISHED * * condo in Camelot Estates. Enjoy the privacy of this 1st floor, end unit with 736 sq ft of living space. Sip your morning coffee on the private screened back porch with no rear neighbors. This one is completely move in ready, just pack your bags! Prime Titusville location, close to everything. Low monthly HOA covers Cable, Internet, and Trash. Community Pool. (one time $30 pool key fee) Roof 2022, A/C and water heater 2019. Why rent when you can own?!

20. 2024-08-02
    listed $110,000 Active 518-char remark

    Show marketing remark (518 chars)

    Affordable, Cozy and Quaint 1BR/1BA, * * FULLY FURNISHED * * condo in Camelot Estates. Enjoy the privacy of this 1st floor, end unit with 736 sq ft of living space. Sip your morning coffee on the private screened back porch with no rear neighbors. This one is completely move in ready, just pack your bags! Prime Titusville location, close to everything. Low monthly HOA covers Cable, Internet, and Trash. Community Pool. (one time $30 pool key fee) Roof 2022, A/C and water heater 2019. Why rent when you can own?!

21. 2024-06-19
    historical
22. 2024-06-15
    status Active
23. 2024-06-10
    historical Active Under Contract
24. 2024-05-30
    price $113,900
25. 2024-05-06
    listed $115,000 Active
26. 2024-02-20
    historical
27. 2024-02-16
    price $109,000
28. 2024-01-17
    listed $104,000 Active
29. 2021-02-01
    historical
30. 2021-02-01
    historical
31. 2021-01-14
    listed $69,900 Active
32. 2021-01-14
    listed $69,900 Active
33. 2019-05-17
    soldstatus $48,000
34. 2019-05-03
    soldstatus $48,000
35. 2019-03-27
    listed $54,900
36. 1984-07-01
    soldstatus $35,900

ⓘ 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: $1,193 · $99/mo
• Projected year-2 tax: $1,193 · $99/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $15,864
• − Mortgage interest: −$5,377
• − Property taxes: −$1,193
• − Insurance: −$480
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − HOA: −$4,464
• − Depreciation: −$2,793
• Taxable loss: −$981
• Est. tax savings @ 24.0%: +$235
• After-tax cash flow: $590/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 — Titusville

• Score: 84/100
• State rank: #42
• US rank: #668

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Titusville, FL
• County: Brevard County · 602,871 people
• City population: 60,286
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 40,064
• Household income: $67,690
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1141.0

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 (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 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: ▼ -162.54%
• Current HPI: 297.151
• Rent YoY: ▲ 1.29%
• 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

+167.4% since first listed

22 events — show timeline

• 2026-05-08 Listed $95,999 SCMLS
• 2025-11-17 Listing Removed — SCMLS
• 2025-09-17 Listed $99,000 SCMLS
• 2025-01-07 Listing Removed — SCMLS
• 2024-09-03 Price Changed $108,000 SCMLS
• 2024-08-02 Listed $110,000 SCMLS
• 2024-06-19 Listing Removed — SCMLS
• 2024-06-15 Relisted — SCMLS
• 2024-06-10 Contingent — SCMLS
• 2024-05-30 Price Changed $113,900 SCMLS
• 2024-05-06 Listed $115,000 SCMLS
• 2024-02-20 Listing Removed — SCMLS
• 2024-02-16 Price Changed $109,000 SCMLS
• 2024-01-17 Listed $104,000 SCMLS
• 2021-02-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-02-01 Listing Removed — SCMLS
• 2021-01-14 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2021-01-14 Listed $69,900 SCMLS
• 2019-05-17 Sold (Public Records) $48,000 Public Records
• 2019-05-03 Sold (MLS) $48,000 SCMLS
• 2019-03-27 Listed $54,900 SCMLS
• 1984-07-01 Sold (Public Records) $35,900 Public Records

Property tax history

+10.8%/yr

Latest (2025): $1,193 · +3.7% YoY. Source: county tax records.