7576 Chasta Rd · Micco, FL 32976

$149,000

2 bd · 2.0 ba · 864 sqft · Manufactured public records · 98 Days on market

Built 1993 6,098 sqft lot $75/mo HOA · 5% 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 +20.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.7/10.0
• 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 beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

Key facts

• Open floor plan
• East facing exposure
• Interior laundry

Tags

• OPEN FLOOR PLAN
• FULLY FURNISHED
• LUXURY VINYL PLANK FLOORING
• RAISED ENCLOSED PORCH
• EAST FACING EXPOSURE
• INTERIOR LAUNDRY

Property features AI

Finance

• Other: Senior community; Pets allowed with possible breed restrictions and number limits
• HOA & community: Community association with monthly fee; Association amenities include clubhouse, pool, fitness center, billiard room and library; Monthly association fee: $75

Exterior

• Parking: Attached carport; Covered parking for 2 vehicles; Driveway
• Utilities: Public water; Public sewer; Three-phase electric service; Sewer and water available
• Home design: Manufactured home; Single-story; Resale property; East-facing
• Construction: Modular construction; Composition and rolled/hot mop roofing
• Exterior features: Screened porch; Open porch; Paved road access; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Cathedral and vaulted ceilings; Sliding windows; Furnished
• Laundry & utility: Indoor laundry with washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $149k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $136k (9.0% 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, schools F, 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.
• Market conditions: 185 active listings in the ZIP; 8 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 $4k 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 98 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 6y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $135,590 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% 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. 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 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?
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: 1.07% ✓
• Cap rate: 7.88%
• Cash-on-cash: 5.68%
• DSCR: 1.25
• GRM: 7.8

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: -7.5%
• Equity multiple: 0.72×
• Total profit: $-11,519
• Equity at exit: $22,216

10-year hold

• IRR: 2.1%
• Equity multiple: 1.15×
• Total profit: $6,348
• Equity at exit: $12,883

Cash invested: $41,720 (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: 185
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,595 high
• Mortgage (P&I): −$781
• Tax from tax record: −$144 /mo · $1,726/yr
• Insurance: −$62
• HOA: −$75
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $198

Break-even live

Break-even rent $1,345

Max offer price $149,000

Occupancy floor 83%

Sensitivity live

Price	-10% $282	-5% $240	+0% $198	+5% $155	+10% $113
Rent	-10% $72	-5% $135	+0% $198	+5% $261	+10% $324
Rate	-1.0pp $273	-0.5pp $235	base $198	+0.5pp $159	+1.0pp $120

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	24d	1	0.07mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	24d	1	0.09mi
410 Osprey Dr Sebastian, FL	2.0	1.5	672	$1,350	$2.01	24d	1	0.17mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	24d	1	0.59mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	15d	1	0.81mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.91mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	24d	1	0.94mi
8520 US Highway 1 #10 Sebastian, FL	2.0	2.0	1091	$1,800	$1.65	24d	1	1.37mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: pool

Listing history 36 events

1. 2026-06-18
   days on market $149,000 Active 98 DOM
2. 2026-06-17
   days on market $149,000 Active 97 DOM
3. 2026-06-16
   pricedays on market $149,000 Active 96 DOM
4. 2026-06-15
   days on market $159,000 Active 95 DOM
5. 2026-06-14
   days on market $159,000 Active 93 DOM
6. 2026-06-10
   days on market $159,000 Active 90 DOM
7. 2026-06-08
   days on market $159,000 Active 88 DOM
8. 2026-06-07
   days on market $159,000 Active 87 DOM
9. 2026-06-05
   days on market $159,000 Active 84 DOM
10. 2026-06-03
    days on market $159,000 Active 83 DOM
11. 2026-06-02
    days on market $159,000 Active 82 DOM
12. 2026-06-01
    days on market $159,000 Active 81 DOM
13. 2026-05-31
    days on market $159,000 Active 80 DOM
14. 2026-05-31
    days on market $159,000 Active 79 DOM
15. 2026-05-22
    status Active

    Show marketing remark (536 chars)

    This beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

16. 2026-05-22
    status Active 536-char remark

    Show marketing remark (536 chars)

    This beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

17. 2026-05-14
    historical Active Under Contract

    Show marketing remark (536 chars)

    This beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

18. 2026-05-14
    historical Active Under Contract 536-char remark

    Show marketing remark (536 chars)

    This beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

19. 2026-03-12
    price $159,000
20. 2026-03-12
    listed $159,000 Active
21. 2026-03-12
    historical
22. 2026-02-06
    listed $169,000 Active
23. 2026-02-06
    listed $169,000 Active
24. 2026-02-05
    listed $169,000 Active
25. 2025-03-12
    listed $159,000 Active 536-char remark

    Show marketing remark (536 chars)

    This beautifully maintained home features an open floor plan and comes fully furnished for immediate enjoyment. Luxury vinyl plank flooring enhances the main living areas, while the raised, enclosed porch offers an inviting east-facing exposure—perfect for morning light. Interior laundry adds everyday convenience. Located in the desirable Snug Harbor community, residents enjoy access to a clubhouse, heated pool and spa, along with pickleball and shuffleboard courts. Excludes TV stand, BBQ Grill, black desk and items in shed.

26. 2022-03-14
    soldstatus $147,000
27. 2020-04-24
    soldstatus $87,000
28. 2020-04-22
    soldstatus $82,000 Closed
29. 2020-04-22
    soldstatus $82,000 Sold
30. 2020-04-10
    historical Contingent
31. 2020-04-09
    historical Contingent
32. 2020-03-27
    status Active
33. 2020-03-07
    historical Contingent
34. 2020-03-06
    listed $84,995 Active
35. 2020-03-06
    listed $84,995 Active
36. 1988-02-01
    soldstatus $1,356,000

ⓘ 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: $1,726 · $144/mo
• Projected year-2 tax: $1,726 · $144/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 5/10 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: $19,137
• − Mortgage interest: −$8,346
• − Property taxes: −$1,726
• − Insurance: −$745
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − HOA: −$900
• − Depreciation: −$4,335
• Taxable income: $23
• Est. tax owed @ 24.0%: −$5
• After-tax cash flow: $2,365/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

-88.3% since first listed

22 events — show timeline

• 2026-05-22 Relisted — Beaches MLS
• 2026-05-22 Relisted — RAIRCMLS
• 2026-05-14 Contingent — Beaches MLS
• 2026-05-14 Contingent — RAIRCMLS
• 2026-03-12 Price Changed $159,000 SCMLS
• 2026-03-12 Listing Removed — SCMLS
• 2026-03-12 Listed $159,000 Beaches MLS
• 2026-02-06 Listed $169,000 SCMLS
• 2026-02-06 Listed $169,000 SCMLS
• 2026-02-05 Listed $169,000 RAIRCMLS
• 2025-03-12 Listed $159,000 RAIRCMLS
• 2022-03-14 Sold (Public Records) $147,000 Public Records
• 2020-04-24 Sold (Public Records) $87,000 Public Records
• 2020-04-22 Sold (MLS) $82,000 RAIRCMLS
• 2020-04-22 Sold (MLS) $82,000 SCMLS
• 2020-04-10 Contingent — SCMLS
• 2020-04-09 Contingent — RAIRCMLS
• 2020-03-27 Relisted — RAIRCMLS
• 2020-03-07 Contingent — RAIRCMLS
• 2020-03-06 Listed $84,995 RAIRCMLS
• 2020-03-06 Listed $84,995 SCMLS
• 1988-02-01 Sold (Public Records) $1,356,000 Public Records

Property tax history

+16.6%/yr

Latest (2025): $1,726 · -5.3% YoY. Source: county tax records.