7667 N Wickham Rd #208 · Viera East, FL 32940

$175,000

1 bd · 1.0 ba · 752 sqft · Condo public records · 77 Days on market

Built 1990 $373/mo HOA · 23% of rent ↓ 10% since listing

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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).

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Appreciation +5.2/10.0
• Schools +4.7/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0

Listing remarks MLS

Move-in ready and tastefully furnished 1BR/1BA first-floor condo in Cypress Cove at Suntree. Features tile floors throughout, an updated kitchen and bathroom, stainless steel appliances, new AC with transferable warranty, and new impact‑rated windows. The new impact rated sliding glass door opens to a screened patio. HOA includes pool access, fitness center, clubhouse and landscaping — a great low-maintenance option for buyers or investors.

Key facts

• Modern cabinetry
• Newer a/c
• Granite countertops

Tags

• FIRST-FLOOR LOCATION
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• MODERN CABINETRY
• NEWER A/C
• HURRICANE-RATED WINDOWS

Property features AI

Finance

• Other: Unfurnished unit
• HOA & community: Condo association with monthly fee; Association amenities include barbecue, clubhouse, dog park, fitness center, laundry, grounds maintenance, playground, spa/hot tub, tennis courts, trash service, and water; Association fee: $373 monthly; Association fee includes insurance, grounds maintenance, pest control, sewer, trash, and water

Exterior

• Parking: Parking lot (unassigned)
• Security: Security lights
• Utilities: 150 amp electric service; Public sewer; Water connected
• Home design: Condominium; One story; Entry level 1; Faces east
• Construction: Concrete construction; 3 total stories; Pets allowed (cats and dogs, number limit)
• Exterior features: Impact windows; Security lights; Other exterior features

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator
• Bedrooms: 1 bedroom (entry level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fan(s); Walk-in closet(s)
• Laundry & utility: In-unit washer and dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $-230 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $134k (23.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (5.6% below list).
• Recommended offer: $134k (23.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 79/100 on livability (#141 in FL, #1,964 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: commute D+, 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: Suntree Elementary School (math 80% / reading 80%, grade A+, #110 of 2,144 statewide, top 5%, 600 students, 23% FRL); Delaura Middle School (math 74% / reading 70%, grade A, #52 of 571 statewide, top 10%, 843 students, 21% FRL); Viera High School (math 58% / reading 71%, grade B-, #78 of 667 statewide, top 13%, 2,289 students, 15% FRL) — zoned schools average 19% FRL vs 43% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 72% at this address vs 55% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Brevard average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.0%/yr); 583 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent is only 18% of the median local income ($110k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $706 appreciation (0.4% local appreciation)).
• 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 77 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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

• Watch-outs: HOA is 23% of rent.

Recommended offer $134,409 (23.2% 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 77 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. 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: 0.94% ✗
• Cap rate: 4.72%
• Cash-on-cash: -5.63%
• DSCR: 0.75
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.4% appreciation · 1.96% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.63×
• Total profit: $-17,897
• Equity at exit: $54,371

10-year hold

• IRR: -2.5%
• Equity multiple: 0.72×
• Total profit: $-13,589
• Equity at exit: $68,267

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 32940

• Home prices YoY: 0.1%
• Rents YoY: 2.0%
• Active inventory: 583
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$918
• Tax from tax record: −$171 /mo · $2,055/yr
• Insurance: −$73
• HOA: −$373
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $-230

Break-even live

Break-even rent $1,943

Max offer price $134,409

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7667 N Wickham Rd Melbourne, FL	1.0–2.0	1.0–2.0	915	$1,350	$1.48	14d	2	0.20mi
201 Plantation Club Dr Melbourne, FL	1.0–2.0	1.0–2.0	1025	$1,505	$1.47	14d	10	0.22mi
300 Tuscany Way Melbourne, FL	1.0–3.0	1.0–2.0	1097	$1,699	$1.55	23d	12	0.37mi
1311 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,850	$1.67	23d	1	0.55mi
1306 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,700	$1.53	14d	1	0.56mi
1390 Hampton Park Ln Melbourne, FL	2.0	2.5	1110	$1,900	$1.71	23d	1	0.64mi
531 Steeplechase Ln Melbourne, FL	2.0	1.5	1110	$1,875	$1.69	23d	1	0.65mi

HOA detail condo

• Monthly dues: $373 · $4,476/yr
• Likely covers: landscapingpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $175,000 Active 77 DOM
2. 2026-06-17
   days on market $175,000 Active 76 DOM
3. 2026-06-16
   days on market $175,000 Active 75 DOM
4. 2026-06-15
   days on market $175,000 Active 74 DOM
5. 2026-06-14
   days on market $175,000 Active 72 DOM
6. 2026-06-10
   days on market $175,000 Active 69 DOM
7. 2026-06-08
   days on market $175,000 Active 67 DOM
8. 2026-06-07
   days on market $175,000 Active 66 DOM
9. 2026-06-05
   days on market $175,000 Active 63 DOM
10. 2026-06-03
    days on market $175,000 Active 62 DOM
11. 2026-06-02
    days on market $175,000 Active 61 DOM
12. 2026-06-01
    days on market $175,000 Active 60 DOM
13. 2026-05-31
    days on market $175,000 Active 59 DOM
14. 2026-05-31
    days on market $175,000 Active 58 DOM
15. 2026-04-02
    listed $180,000 Active
16. 2026-02-20
    historical 450-char remark

    Show marketing remark (450 chars)

    Move-in ready and tastefully furnished 1BR/1BA first-floor condo in Cypress Cove at Suntree. Features tile floors throughout, an updated kitchen and bathroom, stainless steel appliances, new AC with transferable warranty, and new impact‑rated windows. The new impact rated sliding glass door opens to a screened patio. HOA includes pool access, fitness center, clubhouse and landscaping — a great low-maintenance option for buyers or investors.

17. 2025-10-13
    price $180,000 450-char remark

    Show marketing remark (450 chars)

    Move-in ready and tastefully furnished 1BR/1BA first-floor condo in Cypress Cove at Suntree. Features tile floors throughout, an updated kitchen and bathroom, stainless steel appliances, new AC with transferable warranty, and new impact‑rated windows. The new impact rated sliding glass door opens to a screened patio. HOA includes pool access, fitness center, clubhouse and landscaping — a great low-maintenance option for buyers or investors.

18. 2025-08-27
    listed $190,000 Active 450-char remark

    Show marketing remark (450 chars)

    Move-in ready and tastefully furnished 1BR/1BA first-floor condo in Cypress Cove at Suntree. Features tile floors throughout, an updated kitchen and bathroom, stainless steel appliances, new AC with transferable warranty, and new impact‑rated windows. The new impact rated sliding glass door opens to a screened patio. HOA includes pool access, fitness center, clubhouse and landscaping — a great low-maintenance option for buyers or investors.

19. 2025-08-07
    historical 954-char remark

    Show marketing remark (954 chars)

    Beautiful GROUND-FLOOR Condo in Suntree! Welcome to resort style living at 7667 N Wickham Road. Currently the ONLY Renovated and Furnished 1st floor, end-unit condo available; SAVING You THOUSANDS! This home features granite countertops, stainless steel appliances, maple cabinets with tile flooring. Large spacious bedroom with walk-in closet. Enjoy relaxing in your private screened-in porch; complete with extra storage closet. Includes your own in-unit laundry with washer and dryer. Ideal for a winter or vacation home with minimal maintenance. Brand New Impact windows and Impact sliding glass door, HVAC replaced 2024. Community offers beautiful grounds with lush landscaping, playground, pool, hot tub, tennis courts, exercise facility with modern equipment, outdoor grills and a car wash station. Water, trash, roof and grounds are included in the condo fee. Conveniently located to US1 & I-95, dining, shopping, Brevard Zoo, and schools.

20. 2025-07-31
    price $190,000 954-char remark

    Show marketing remark (954 chars)

    Beautiful GROUND-FLOOR Condo in Suntree! Welcome to resort style living at 7667 N Wickham Road. Currently the ONLY Renovated and Furnished 1st floor, end-unit condo available; SAVING You THOUSANDS! This home features granite countertops, stainless steel appliances, maple cabinets with tile flooring. Large spacious bedroom with walk-in closet. Enjoy relaxing in your private screened-in porch; complete with extra storage closet. Includes your own in-unit laundry with washer and dryer. Ideal for a winter or vacation home with minimal maintenance. Brand New Impact windows and Impact sliding glass door, HVAC replaced 2024. Community offers beautiful grounds with lush landscaping, playground, pool, hot tub, tennis courts, exercise facility with modern equipment, outdoor grills and a car wash station. Water, trash, roof and grounds are included in the condo fee. Conveniently located to US1 & I-95, dining, shopping, Brevard Zoo, and schools.

21. 2025-05-02
    listed $195,000 Active 954-char remark

    Show marketing remark (954 chars)

    Beautiful GROUND-FLOOR Condo in Suntree! Welcome to resort style living at 7667 N Wickham Road. Currently the ONLY Renovated and Furnished 1st floor, end-unit condo available; SAVING You THOUSANDS! This home features granite countertops, stainless steel appliances, maple cabinets with tile flooring. Large spacious bedroom with walk-in closet. Enjoy relaxing in your private screened-in porch; complete with extra storage closet. Includes your own in-unit laundry with washer and dryer. Ideal for a winter or vacation home with minimal maintenance. Brand New Impact windows and Impact sliding glass door, HVAC replaced 2024. Community offers beautiful grounds with lush landscaping, playground, pool, hot tub, tennis courts, exercise facility with modern equipment, outdoor grills and a car wash station. Water, trash, roof and grounds are included in the condo fee. Conveniently located to US1 & I-95, dining, shopping, Brevard Zoo, and schools.

22. 2025-04-30
    historical
23. 2025-01-18
    listed $199,000 Active
24. 2025-01-14
    historical $199,000

ⓘ 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: $2,055 · $171/mo
• Projected year-2 tax: $2,055 · $171/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $19,824
• − Mortgage interest: −$9,803
• − Property taxes: −$2,055
• − Insurance: −$875
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − HOA: −$4,476
• − Depreciation: −$5,091
• Taxable loss: −$5,647
• Est. tax savings @ 24.0%: +$1,355
• After-tax cash flow: $-1,402/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 — Viera East

• Score: 79/100
• State rank: #141
• US rank: #1964

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 51,727
• Household income: $110,495
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 873.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 10% Two or more races 9% Asian 5% Black 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% 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: ▲ 0.40%
• Current HPI: 298.1023
• Rent YoY: ▲ 1.96%
• 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

-9.5% since first listed

10 events — show timeline

• 2026-04-02 Listed $180,000 SCMLS
• 2026-02-20 Listing Removed — SCMLS
• 2025-10-13 Price Changed $180,000 SCMLS
• 2025-08-27 Listed $190,000 SCMLS
• 2025-08-07 Listing Removed — SCMLS
• 2025-07-31 Price Changed $190,000 SCMLS
• 2025-05-02 Listed $195,000 SCMLS
• 2025-04-30 Listing Removed — SCMLS
• 2025-01-18 Listed $199,000 SCMLS
• 2025-01-14 Coming Soon $199,000 SCMLS

Property tax history

+7.3%/yr

Latest (2025): $2,055 · +6.2% YoY. Source: county tax records.