7667 N Wickham Rd #1416 · Viera East, FL 32940

$189,900

3 bd · 2.0 ba · 1,256 sqft · Condo public records · 68 Days on market

Built 1990 $623/mo HOA · 30% 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).

• ARV discount +7.5/15.0
• Cash flow +7.0/30.0
• 1% rule +6.0/10.0
• Appreciation +5.2/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• DSCR +1.2/10.0

Listing remarks MLS

Adorable 3 bedroom 2 bath condo. Community pool. Close to shopping and beaches .

Key facts

• Fitness center
• Community pool
• Screened balcony

Tags

• IMPACT RATED WINDOWS
• SCREENED BALCONY
• BREEZEWAY STORAGE AREA
• COMMUNITY POOL
• FITNESS CENTER
• TENNIS COURTS

Property features AI

Finance

• HOA & community: Community association (Cypress Cove at Suntree); Monthly association fee of $623; Community amenities: barbecue, basketball court, car wash area, clubhouse, fitness center, jogging path, playground, spa/hot tub, storage, tennis courts, trash service, water

Exterior

• Parking: Guest parking; Parking lot
• Utilities: Public sewer; Water connected; Electricity connected; Cable available; Sewer connected
• Home design: Condominium; Entry on level 2; South-facing; One living level; 3 total stories in building
• Construction: Frame and stucco construction; Shingle roof; Pets allowed with restrictions (cats and dogs OK; breed and size limits apply)
• Exterior features: Balcony; Screened porch/patio; Impact windows; Dead-end street; Asphalt road

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Breakfast bar; Ceiling fan(s); Open floorplan; Pantry; Primary bathroom with tub and shower; Split bedrooms; Walk-in closet(s)
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $-282 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (26.2% below list).
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $140k (26.2% 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; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $766 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 68 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y 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.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.

Recommended offer $140,059 (26.2% 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 68 days. Have you received any prior offers? Is the seller open to a 26% 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. 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 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: 1.10% ✓
• Cap rate: 4.51%
• Cash-on-cash: -6.37%
• DSCR: 0.72
• GRM: 7.6

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: -8.5%
• Equity multiple: 0.59×
• Total profit: $-21,646
• Equity at exit: $59,000

10-year hold

• IRR: -3.4%
• Equity multiple: 0.63×
• Total profit: $-19,913
• Equity at exit: $74,079

Cash invested: $53,172 (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: 7.6×

Monthly cashflow live

• Estimated rent: $2,085 high
• Mortgage (P&I): −$996
• Tax from tax record: −$231 /mo · $2,772/yr
• Insurance: −$79
• HOA: −$623
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $-282

Break-even live

Break-even rent $2,442

Max offer price $140,059

Occupancy floor —

Sensitivity live

Price	-10% $-175	-5% $-228	+0% $-282	+5% $-336	+10% $-390
Rent	-10% $-447	-5% $-364	+0% $-282	+5% $-200	+10% $-117
Rate	-1.0pp $-187	-0.5pp $-234	base $-282	+0.5pp $-331	+1.0pp $-381

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 10 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	$1,750	$1.91	15d	2	0.04mi
201 Plantation Club Dr Melbourne, FL	1.0–2.0	1.0–2.0	1025	$1,870	$1.82	15d	10	0.19mi
300 Tuscany Way Melbourne, FL	1.0–3.0	1.0–2.0	1097	$2,269	$2.07	24d	12	0.33mi
1311 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,850	$1.67	24d	1	0.45mi
1306 Hampton Park Ln Melbourne, FL	2.0	3.0	1110	$1,700	$1.53	15d	1	0.47mi
1390 Hampton Park Ln Melbourne, FL	2.0	2.5	1110	$1,900	$1.71	24d	1	0.52mi
531 Steeplechase Ln Melbourne, FL	2.0	1.5	1110	$1,875	$1.69	24d	1	0.53mi
216 Country Club Dr Melbourne, FL	3.0	2.0	1749	$2,295	$1.31	22d	1	0.99mi
640 Casa Grande Dr Melbourne, FL	3.0	2.0	1160	$2,200	$1.90	24d	1	1.03mi
660 Wickham Lakes Dr Melbourne, FL	3.0	2.0	1521	$2,500	$1.64	24d	1	1.46mi

HOA detail condo

• Monthly dues: $623 · $7,476/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $189,900 Active 68 DOM
2. 2026-06-17
   days on market $189,900 Active 67 DOM
3. 2026-06-16
   days on market $189,900 Active 66 DOM
4. 2026-06-15
   days on market $189,900 Active 65 DOM
5. 2026-06-14
   days on market $189,900 Active 63 DOM
6. 2026-06-10
   days on market $189,900 Active 60 DOM
7. 2026-06-08
   days on market $189,900 Active 58 DOM
8. 2026-06-07
   days on market $189,900 Active 57 DOM
9. 2026-06-05
   days on market $189,900 Active 54 DOM
10. 2026-06-03
    days on market $189,900 Active 53 DOM
11. 2026-06-02
    days on market $189,900 Active 52 DOM
12. 2026-06-01
    days on market $189,900 Active 51 DOM
13. 2026-05-31
    days on market $189,900 Active 50 DOM
14. 2026-05-31
    days on market $189,900 Active 49 DOM
15. 2026-04-11
    listed $189,900 Active
16. 2021-08-09
    soldstatus $168,000
17. 2021-08-03
    soldstatus $168,000 Closed 80-char remark

    Show marketing remark (80 chars)

    Adorable 3 bedroom 2 bath condo. Community pool. Close to shopping and beaches .

18. 2021-07-14
    status Pending 80-char remark

    Show marketing remark (80 chars)

    Adorable 3 bedroom 2 bath condo. Community pool. Close to shopping and beaches .

19. 2021-07-06
    listed Contingent 80-char remark

    Show marketing remark (80 chars)

    Adorable 3 bedroom 2 bath condo. Community pool. Close to shopping and beaches .

20. 2021-07-06
    listed $168,000 80-char remark

    Show marketing remark (80 chars)

    Adorable 3 bedroom 2 bath condo. Community pool. Close to shopping and beaches .

21. 2016-08-16
    historical 405-char remark

    Show marketing remark (405 chars)

    UPGRADED UNIT, WITH PRIVATE SCREENED BALCONY, LAKE VIEW FROM 2 BEDROOMS, VAULTED CEILINGS, NO ONE ABOVE, GRANITE COUNTER TOPS, 18 X 18 TILE IN MAINLIVING AREAS, AND UPGRADED FIXTURES AND FANSGREAT BUY IN A GREAT LOCATION. POOL, FITNESS CENTER, CLUBHOUSE, HOT TUB AND PLAYGROUND. LAUNDRY FACILITIES ON SITE, HOOK-UP IN UNIT. TRASH PICKED UP FROM BENCH OUTSIDE YOUR DOOR - NO NEED TO SCHLEP TO THE DUMPSTER!

22. 2012-03-22
    soldstatus $75,000
23. 2011-12-12
    listed $78,900
24. 2011-05-12
    listed $75,000 405-char remark

    Show marketing remark (405 chars)

    UPGRADED UNIT, WITH PRIVATE SCREENED BALCONY, LAKE VIEW FROM 2 BEDROOMS, VAULTED CEILINGS, NO ONE ABOVE, GRANITE COUNTER TOPS, 18 X 18 TILE IN MAINLIVING AREAS, AND UPGRADED FIXTURES AND FANSGREAT BUY IN A GREAT LOCATION. POOL, FITNESS CENTER, CLUBHOUSE, HOT TUB AND PLAYGROUND. LAUNDRY FACILITIES ON SITE, HOOK-UP IN UNIT. TRASH PICKED UP FROM BENCH OUTSIDE YOUR DOOR - NO NEED TO SCHLEP TO THE DUMPSTER!

ⓘ 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: $2,772 · $231/mo
• Projected year-2 tax: $2,772 · $231/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: $25,016
• − Mortgage interest: −$10,637
• − Property taxes: −$2,772
• − Insurance: −$950
• − Repairs & maintenance: −$2,001
• − Management: −$2,001
• − HOA: −$7,476
• − Depreciation: −$5,524
• Taxable loss: −$6,346
• Est. tax savings @ 24.0%: +$1,523
• After-tax cash flow: $-1,863/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

+153.2% since first listed

10 events — show timeline

• 2026-04-11 Listed $189,900 SCMLS
• 2021-08-09 Sold (Public Records) $168,000 Public Records
• 2021-08-03 Sold (MLS) $168,000 SCMLS
• 2021-07-14 Pending — SCMLS
• 2021-07-06 Listed — SCMLS
• 2021-07-06 Listed $168,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2012-03-22 Sold (MLS) $75,000 SCMLS
• 2011-12-12 Listed $78,900 SCMLS
• 2011-05-12 Listed $75,000 SCMLS

Property tax history

+5.9%/yr

Latest (2025): $2,772 · +3.2% YoY. Source: county tax records.