2059 Tullagee Ave · Viera East, FL 32940

$409,900

3 bd · 2.0 ba · 1,963 sqft · SingleFamily public records · 14 Days on market

Built 2006 4,356 sqft lot $233/mo HOA · 8% of rent ↓ 54% 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 +7.1/30.0
• 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
• 1% rule +2.1/10.0
• DSCR +1.3/10.0

Listing remarks MLS

Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

Key facts

• Newer roof
• Hybrid water heater
• 3.5-ton a/c system

Tags

• PRIVATE SIDE DOOR
• NEWER ROOF
• 3.5-TON A/C SYSTEM
• IMPACT WINDOWS
• HYBRID WATER HEATER
• UPGRADED WALK-IN CLOSET

Property features AI

Finance

• Other: Pets allowed; Unfurnished
• HOA & community: Capron Ridge community association; Quarterly association fee (listed amounts: $275 and $425) — includes structure maintenance; Community amenities: clubhouse, fitness center, tennis courts, pickleball, basketball court, playground, shuffleboard court, gated entry, maintained grounds, water

Exterior

• Parking: 2-car garage with garage door opener; Additional parking (off-street and on-street available)
• Security: Gated community access (association amenity)
• Utilities: Public sewer; Water available and connected; Electricity connected; Cable available
• Home design: Single-family residence; One story; Faces south
• Construction: Block, concrete and stucco construction
• Exterior features: Impact windows; Storm shutters; Shingle roof; Located on a cul-de-sac; Sprinklers in front and rear; City street frontage; Asphalt paved road

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Electric range; Microwave; Refrigerator; Breakfast bar; Pantry
• Bedrooms: 4 bedrooms — all on the first floor (Bedroom 2: ~14.7 x 10.6, Bedroom 3: ~13.4 x 12, Bedroom 4: ~12.4 x 11)
• Flooring: Carpet in bedrooms/living areas; Tile in kitchen/dining/living areas
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Smart thermostat
• Interior features: Breakfast bar; Ceiling fans; Eat-in kitchen; His and hers closets; Pantry; Primary bathroom with tub and separate shower; Smart thermostat; Walk-in closets; 9 total rooms
• Laundry & utility: In-unit laundry; Electric dryer hookup; Electric water heater; Owned water softener

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $410k.

Deal economics

• At list price, monthly cash flow is $-586 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $306k (25.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $291k (28.9% below list).
• Recommended offer: $291k (28.9% below list) — sets the bar for 1% rule.

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: Quest Elementary School (math 83% / reading 80%, grade A+, #90 of 2,144 statewide, top 4%, 691 students, 20% FRL); John F. Kennedy Middle School (math 67% / reading 59%, grade B+, #111 of 571 statewide, top 20%, 673 students, 41% FRL); Viera High School (math 58% / reading 71%, grade B-, #78 of 667 statewide, top 13%, 2,289 students, 15% FRL) — zoned schools average 25% FRL vs 43% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 70% at this address vs 55% district-wide (+15 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; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 runs 32% of the median local income ($110k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $4k of equity ($3k loan paydown + $2k appreciation (0.4% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 7, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $291,348 (28.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.71% ✗
• Cap rate: 4.58%
• Cash-on-cash: -6.12%
• DSCR: 0.73
• GRM: 11.7

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: -8.1%
• Equity multiple: 0.61×
• Total profit: $-44,397
• Equity at exit: $127,353

10-year hold

• IRR: -2.8%
• Equity multiple: 0.69×
• Total profit: $-35,720
• Equity at exit: $159,901

Cash invested: $114,772 (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: 11.7×

Monthly cashflow live

• Estimated rent: $2,913 medium
• Mortgage (P&I): −$2,150
• Tax from tax record: −$334 /mo · $4,007/yr
• Insurance: −$171
• HOA: −$233
• Vacancy / Maint / Mgmt: −$612
• Net cashflow: $-586

Break-even live

Break-even rent $3,655

Max offer price $306,453

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: $102,475
• Closing costs: $12,297
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1385 Fuji Dr Melbourne, FL	3.0	2.0	1770	$3,000	$1.69	23d	1	0.57mi
915 Starling Way Rockledge, FL	3.0	2.0	2202	$3,495	$1.59	18d	1	0.76mi
1747 Sophias Dr #202 Melbourne, FL	3.0	2.0	1278	$2,200	$1.72	14d	1	1.36mi
1747 Sophias Dr Melbourne, FL	2.0–3.0	2.0	1149	$2,200	$1.91	23d	2	1.36mi

HOA detail

• Monthly dues: $233 · $2,796/yr
• Likely covers: poolgymsecurity

Listing history 20 events

1. 2026-05-01
   status Pending
2. 2026-04-16
   listed $409,900 Active
3. 2022-03-04
   soldstatus $380,000 Closed 789-char remark

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

4. 2022-03-04
   soldstatus $380,000

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

5. 2022-02-04
   price $2,710
6. 2022-01-31
   historical Backups 789-char remark

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

7. 2022-01-28
   price $380,000 789-char remark

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

8. 2022-01-28
   status Active 789-char remark

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

9. 2022-01-26
   historical Backups 789-char remark

   Show marketing remark (789 chars)

   Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

10. 2022-01-22
    price $378,000 789-char remark

    Show marketing remark (789 chars)

    Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

11. 2022-01-07
    listed $380,000 Active 789-char remark

    Show marketing remark (789 chars)

    Townhome located in Capron Ridge Community. New Roof April 2020, Exterior recently painted, Ac 2014 with 10 yr warranty. Stainless Steel appliances, washer/dryer with carpet in bedrooms and tile in all other areas. Master Bedroom is huge with walk-in closet and a standard closet. Master bath with garden tub, Walk-in Shower and separate vanities with plenty of space to move. Large family room w/ separate Dining room along with an eat-in kitchen makes a functional floor plan. 2 bedrooms are towards front with hall bath. 2 car garage. Covered patio. Gated community boasts a large swimming pool, clubhouse with gym, tennis courts, shuffle board and lake walkways and trails. Must see to appreciate. Our location is excellent for easy access to shopping, I-95, Beaches, PAFB and schools

12. 2016-08-16
    historical 470-char remark

    Show marketing remark (470 chars)

    Brand new townhome in gated subdivision. JUST REDUCED $12,000! Owner is extremely motivated. Lowest priced townhome in the area! The family room is large and includes upgraded tile. This is a great split floor plan with a formal dining room. The kitchen has been upgraded with maple cabinetry and features hard surface countertops. There is also tile in the kitchen, bathrooms and laundry room. The master bedroom has a double door entry and features his and her closets

13. 2015-10-21
    soldstatus $210,000
14. 2015-10-09
    soldstatus $210,000
15. 2015-06-29
    listed $215,000
16. 2009-12-02
    soldstatus $135,200
17. 2009-11-24
    soldstatus $135,200
18. 2008-10-06
    listed $139,900
19. 2006-01-13
    listed $307,000 470-char remark

    Show marketing remark (470 chars)

    Brand new townhome in gated subdivision. JUST REDUCED $12,000! Owner is extremely motivated. Lowest priced townhome in the area! The family room is large and includes upgraded tile. This is a great split floor plan with a formal dining room. The kitchen has been upgraded with maple cabinetry and features hard surface countertops. There is also tile in the kitchen, bathrooms and laundry room. The master bedroom has a double door entry and features his and her closets

20. 2005-03-15
    soldstatus $898,200

ⓘ 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: $4,007 · $334/mo
• Projected year-2 tax: $4,007 · $334/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 23 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: $34,962
• − Mortgage interest: −$22,961
• − Property taxes: −$4,007
• − Insurance: −$2,050
• − Repairs & maintenance: −$2,797
• − Management: −$2,797
• − HOA: −$2,796
• − Depreciation: −$11,924
• Taxable loss: −$14,369
• Est. tax savings @ 24.0%: +$3,449
• After-tax cash flow: $-3,578/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

-54.4% since first listed

20 events — show timeline

• 2026-05-01 Pending — SCMLS
• 2026-04-16 Listed $409,900 SCMLS
• 2022-03-04 Sold (Public Records) $380,000 Public Records
• 2022-03-04 Sold (MLS) $380,000 SCMLS
• 2022-02-04 Price Changed $2,710 RENT.
• 2022-01-31 Contingent — SCMLS
• 2022-01-28 Price Changed $380,000 SCMLS
• 2022-01-28 Relisted — SCMLS
• 2022-01-26 Contingent — SCMLS
• 2022-01-22 Price Changed $378,000 SCMLS
• 2022-01-07 Listed $380,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2015-10-21 Sold (Public Records) $210,000 Public Records
• 2015-10-09 Sold (MLS) $210,000 SCMLS
• 2015-06-29 Listed $215,000 SCMLS
• 2009-12-02 Sold (Public Records) $135,200 Public Records
• 2009-11-24 Sold (MLS) $135,200 SCMLS
• 2008-10-06 Listed $139,900 SCMLS
• 2006-01-13 Listed $307,000 SCMLS
• 2005-03-15 Sold (Public Records) $898,200 Public Records

Property tax history

+9.5%/yr

Latest (2025): $4,007 · +11.2% YoY. Source: county tax records.