5801 N Atlantic Ave #211 · Cape Canaveral, FL 32920

$215,000

3 bd · 2.0 ba · 1,251 sqft · Condo public records · 54 Days on market

Built 1974 $614/mo HOA · 24% 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 +15.8/30.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• DSCR +4.9/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Immerse yourself in the ultimate ''affordable beach lifestyle'' with this fully furnished 3 BR, 2 BA, first-floor condo located in the desirable Hidden Harbor Condominiums in Cape Canaveral. This unit offers first floor convenience, and is located just two blocks from the beach (Atlantic Ocean). The property includes assigned parking which is directly in front of the unit, along with convenient guest parking. Cornerstone Plaza (Publix, Restaurants and Retail Services) is located next door, providing convenience for everyday essentials. The community recently installed new roofs in 2024 and freshly painted the buildings. This unit features an updated HVAC system (2025) with transferable wa

Key facts

• Guest parking
• Beachside location
• New roofs

Tags

• FULLY FURNISHED
• BEACHSIDE LOCATION
• ASSIGNED PARKING
• GUEST PARKING
• NEW ROOFS
• FRESHLY PAINTED BUILDINGS

Property features AI

Finance

• Other: Unit is furnished
• HOA & community: Community association (monthly fee); Association fee: $614 per month; Association covers cable TV, internet, insurance, maintenance of grounds and structure, pest control, sewer, trash, and water; Community amenities include clubhouse, car wash area, tennis courts, pickleball, management off-site, and trash service

Exterior

• Parking: Additional parking available; Assigned parking
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Condominium; 2-story building; Entry level: 1; Property faces north; One level in unit layout
• Construction: Block and stucco construction; Shingle roof; Pets allowed (cats and dogs)
• Exterior features: Storm shutters; Covered front porch; Glass-enclosed porch; Porch; Tennis court(s) on property

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast nook; Ceiling fan(s); Kitchen island; Primary bathroom with tub/shower; Primary bedroom on main floor
• Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#34 in FL, #677 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing 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: Cape View Elementary School (math 62% / reading 62%, grade B, #608 of 2,144 statewide, top 29%, 305 students, 61% FRL); Cocoa Beach Junior/Senior High School (math 65% / reading 66%, grade B, #75 of 667 statewide, top 11%, 982 students, 30% FRL) — zoned schools at 45% FRL track the district average.
• Market conditions: Rents rising fast (+4.0%/yr); 221 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• At $2,532/mo this rent would consume 45% of the median local household income ($67k/yr) (locally 477% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 54 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $66k; list at $215k implies a 226% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.18% ✓
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.02% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.57×
• Total profit: $-25,732
• Equity at exit: $32,057

10-year hold

• IRR: -0.5%
• Equity multiple: 0.96×
• Total profit: $-2,245
• Equity at exit: $18,589

Cash invested: $60,200 (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 32920

• Home prices YoY: -29.5%
• Rents YoY: 4.0%
• Active inventory: 221
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,532 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$72 /mo · $867/yr
• Insurance: −$90
• HOA: −$614
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $97

Break-even live

Break-even rent $2,409

Max offer price $215,000

Occupancy floor 91%

Sensitivity live

Price	-10% $219	-5% $158	+0% $97	+5% $36	+10% $-25
Rent	-10% $-103	-5% $-3	+0% $97	+5% $197	+10% $297
Rate	-1.0pp $205	-0.5pp $152	base $97	+0.5pp $41	+1.0pp $-15

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5800 N Banana River Blvd #123 Cape Canaveral, FL	2.0	2.0	1116	$1,825	$1.64	25d	1	0.10mi
5640 N Banana River Blvd Unit 1546449P Cocoa Beach, FL	2.0	2.0	1140	$4,032	$3.54	16d	1	0.12mi
304 Wilson Ave Cocoa Beach, FL	2.0	2.0	1300	$2,945	$2.27	16d	1	0.25mi
5350 Ocean Beach Blvd #103 Cocoa Beach, FL	2.0	2.0	1081	$1,450	$1.34	25d	1	0.37mi
230 Cape Shores Cir Unit 17G Cape Canaveral, FL	2.0	2.0	1034	$1,950	$1.89	21d	1	0.41mi
220 Cape Shores Cir Unit 12B Cape Canaveral, FL	2.0	2.0	1034	$1,650	$1.60	16d	1	0.43mi
5050 Ocean Beach Blvd #104 Cocoa Beach, FL	2.0	2.0	1346	$3,600	$2.67	25d	1	0.47mi
6601 Shuttle Way Unit 10E Cape Canaveral, FL	2.0	2.0	1450	$1,900	$1.31	16d	1	0.47mi
545 Garfield Ave Unit 1 Cocoa Beach, FL	3.0	2.0	1500	$2,850	$1.90	16d	1	0.53mi
4850 Ocean Beach Blvd Cocoa Beach, FL	2.0–3.0	2.0	1506	$5,200	$3.45	25d	2	0.55mi
4800 Ocean Beach Blvd Cocoa Beach, FL	2.0–3.0	2.0	1186	$2,900	$2.45	25d	2	0.57mi
316 Dorset Dr Cocoa Beach, FL	3.0	2.0	1771	$4,100	$2.32	16d	1	0.60mi
4700 Ocean Beach Blvd Cocoa Beach, FL	2.0	2.0	1018	$2,100	$2.06	25d	2	0.64mi
119 W Suwannee Ln Unit 1069199P Cocoa Beach, FL	3.0	2.0	1410	$6,761	$4.80	16d	1	0.75mi
4570 Ocean Beach Blvd #106 Cocoa Beach, FL	3.0	2.0	1430	$2,800	$1.96	16d	1	0.79mi
206 Pierce Ave Cape Canaveral, FL	2.0	1.0	1000	$2,000	$2.00	16d	1	0.81mi
7101 Ridgewood Ave #203 Cape Canaveral, FL	2.0	1.5	1110	$1,900	$1.71	25d	1	0.82mi
328 Pierce Ave Cape Canaveral, FL	2.0	2.0	1800	$2,000	$1.11	25d	1	0.84mi
326 Pierce Ave Cape Canaveral, FL	2.0	2.0	1200	$2,000	$1.67	25d	1	0.87mi
500 Fillmore Ave Unit 1320142P Cape Canaveral, FL	2.0	2.0	968	$4,115	$4.25	23d	1	0.93mi
555 Fillmore Ave Unit 1346828P Cape Canaveral, FL	2.0	2.0	1194	$7,455	$6.24	21d	1	0.94mi
7301 Ridgewood Ave Unit A101 Cape Canaveral, FL	2.0	2.0	1045	$1,900	$1.82	25d	1	0.94mi
310 Taylor Ave Unit C19 Cape Canaveral, FL	2.0	1.0	921	$1,525	$1.66	16d	1	0.95mi
310 Taylor Ave Cape Canaveral, FL	1.0–2.0	1.0	820	$1,600	$1.95	25d	3	0.95mi
504 Fillmore Ave Unit A11 Cape Canaveral, FL	3.0	2.0	1375	$3,200	$2.33	16d	1	0.96mi
375 Polk Ave Unit A18 Cape Canaveral, FL	2.0	1.0	921	$1,700	$1.85	25d	1	0.99mi
4105 Ocean Beach Blvd #121 Cocoa Beach, FL	2.0	2.0	1101	$2,000	$1.82	25d	1	1.07mi
4100 Ocean Beach Blvd #406 Cocoa Beach, FL	2.0	2.0	1101	$2,500	$2.27	25d	1	1.09mi
4100 Ocean Beach Blvd #307 Cocoa Beach, FL	2.0	2.0	1101	$2,450	$2.23	25d	1	1.09mi
201 International Dr #653 Cape Canaveral, FL	2.0	2.0	1050	$2,400	$2.29	25d	1	1.12mi
415 Harrison Ave #4 Cape Canaveral, FL	2.0	1.0	900	$1,300	$1.44	25d	1	1.12mi
3833 S Banana River Blvd Unit 1 Cocoa Beach, FL	3.0	2.0	1344	$2,800	$2.08	25d	1	1.13mi
4000 Ocean Beach Blvd Unit 2C Cocoa Beach, FL	2.0	2.0	1250	$2,800	$2.24	25d	1	1.14mi
7777 Magnolia Ave Unit 8 Cape Canaveral, FL	2.0	1.0	891	$1,800	$2.02	25d	1	1.16mi
555 Harrison Ave #402 Cape Canaveral, FL	2.0	2.0	1409	$3,000	$2.13	25d	1	1.16mi
249 Palm Ln Cocoa Beach, FL	3.0	2.0	1152	$3,100	$2.69	16d	1	1.18mi
3799 S Banana River Blvd #926 Cocoa Beach, FL	2.0	2.0	1316	$2,400	$1.82	25d	1	1.19mi
3799 S Banana River Blvd #505 Cocoa Beach, FL	2.0	2.0	1058	$1,950	$1.84	25d	1	1.19mi
3799 S Banana River Blvd #922 Cocoa Beach, FL	2.0	2.0	1316	$2,550	$1.94	25d	1	1.19mi
3799 S Banana River Blvd #1001 Cocoa Beach, FL	2.0	2.0	1316	$2,195	$1.67	16d	1	1.19mi

HOA detail condo

• Monthly dues: $614 · $7,368/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-15
   status $215,000 Pending 54 DOM
2. 2026-06-15
   days on market $215,000 Active Under Contract 54 DOM
3. 2026-06-14
   days on market $215,000 Active Under Contract 52 DOM
4. 2026-06-10
   days on market $215,000 Active Under Contract 49 DOM
5. 2026-06-08
   days on market $215,000 Active Under Contract 47 DOM
6. 2026-06-07
   days on market $215,000 Active Under Contract 46 DOM
7. 2026-06-05
   days on market $215,000 Active Under Contract 43 DOM
8. 2026-06-03
   days on market $215,000 Active Under Contract 42 DOM
9. 2026-06-02
   days on market $215,000 Active Under Contract 41 DOM
10. 2026-06-01
    days on market $215,000 Active Under Contract 40 DOM
11. 2026-05-31
    days on market $215,000 Active Under Contract 39 DOM
12. 2026-05-31
    days on market $215,000 Active Under Contract 38 DOM
13. 2026-04-22
    listed $215,000 Active
14. 1987-09-01
    soldstatus $66,000
15. 1976-12-01
    soldstatus $22,000

ⓘ 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: $867 · $72/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$918/yr (+$76/mo · 105.8%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 43% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 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: $30,387
• − Mortgage interest: −$12,043
• − Property taxes: −$867
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,431
• − Management: −$2,431
• − HOA: −$7,368
• − Depreciation: −$6,255
• Taxable loss: −$2,083
• Est. tax savings @ 24.0%: +$500
• After-tax cash flow: $1,666/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 — Cape Canaveral

• Score: 84/100
• State rank: #34
• US rank: #677

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cape Canaveral, FL
• County: Brevard County · 602,871 people
• City population: 10,005
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 10,005
• Household income: $66,955
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 477.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6%
• Common ancestry: Romanian 5% Lithuanian 5% Serbian 2%
• Foreign-born: 6% · Canada
• Languages at home: 93% English-only · Spanish 4% Russian/Polish/Slavic 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: ▼ -125.71%
• Current HPI: 300.9707
• Rent YoY: ▲ 4.02%
• 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

+877.3% since first listed

3 events — show timeline

• 2026-04-22 Listed $215,000 SCMLS
• 1987-09-01 Sold (Public Records) $66,000 Public Records
• 1976-12-01 Sold (Public Records) $22,000 Public Records

Property tax history

-5.0%/yr

Latest (2025): $867 · +3.2% YoY. Source: county tax records.