160 Bounty St Unit A1-101 · Merritt Island, FL 32952

$114,500

2 bd · 1.0 ba · 704 sqft · Condo public records · 160 Days on market

Built 1964 $561/mo HOA · 31% of rent

---

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 +21.4/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Schools +4.7/10.0
• Rent growth +4.1/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

Key facts

• Gazebo seating
• Private patio areas
• Bbq area

Tags

• HEATED POOL
• GAZEBO SEATING
• BBQ AREA
• PLAYGROUND
• PRIVATE PATIO AREAS
• ASSIGNED CARPORT PARKING

Property features AI

Finance

• Other: Pets not allowed
• Financial info: Total monthly fees $561 (total annual fees $6,732); Lease restrictions apply
• HOA & community: Has HOA (monthly fee $561); HOA includes pool, maintenance (structure and grounds), sewer, trash and water; Association amenities: laundry, maintenance, playground, pool; Association approval required; Association contact listed

Exterior

• Parking: Has carport; 1 carport space
• Utilities: Public water; Public sewer; Cable available; Electricity available; Sewer connected; Water connected
• Home design: Residential condominium; Attached unit; 1st-floor unit (floor 1); Faces east; One level; Completed condition
• Construction: Block and concrete construction; Shingle roof; Slab foundation; Building 160
• Exterior features: Community lighting; Playground

Interior

• Kitchen: Cooktop; Refrigerator; Whole house reverse osmosis system; Kitchen reverse osmosis system
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Solid surface countertops; Walk-in closet(s); Window treatments; Building has elevator
• Laundry & utility: Common area laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $114k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#441 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety D-.
• 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: Rents rising fast (+6.5%/yr); 227 active listings in the ZIP; solid renter incomes; 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 $792 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 6.5% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 31% of rent.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
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: 1.59% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.37%
• DSCR: 1.28
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.53% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-4,904
• Equity at exit: $17,072

10-year hold

• IRR: 11.2%
• Equity multiple: 2.10×
• Total profit: $35,179
• Equity at exit: $9,900

Cash invested: $32,060 (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 32952

• Rents YoY: 6.5%
• Active inventory: 227
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,816 medium
• Mortgage (P&I): −$600
• Tax from tax record: −$56 /mo · $667/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$561
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $104

Break-even live

Break-even rent $1,685

Max offer price $114,500

Occupancy floor 89%

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: $28,625
• Closing costs: $3,435
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $561 · $6,732/yr
• Likely covers: watersewertrashexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $114,500 Active 160 DOM
2. 2026-06-17
   days on market $114,500 Active 159 DOM
3. 2026-06-16
   days on market $114,500 Active 158 DOM
4. 2026-06-15
   days on market $114,500 Active 157 DOM
5. 2026-06-14
   pricedays on market $114,500 Active 155 DOM
6. 2026-06-10
   days on market $115,000 Active 152 DOM
7. 2026-06-08
   days on market $115,000 Active 150 DOM
8. 2026-06-07
   days on market $115,000 Active 149 DOM
9. 2026-06-05
   days on market $115,000 Active 146 DOM
10. 2026-06-03
    days on market $115,000 Active 145 DOM
11. 2026-06-02
    days on market $115,000 Active 144 DOM
12. 2026-06-01
    days on market $115,000 Active 143 DOM
13. 2026-05-31
    days on market $115,000 Active 142 DOM
14. 2026-05-31
    days on market $115,000 Active 141 DOM
15. 2026-04-21
    price $115,000

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

16. 2026-04-21
    price $115,000 1005-char remark

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

17. 2026-04-21
    price $150,000

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

18. 2026-03-08
    price $125,000

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

19. 2026-03-08
    price $125,000 1005-char remark

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

20. 2026-03-08
    price $135,000 1005-char remark

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

21. 2026-03-08
    price $135,000

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

22. 2026-03-07
    price $125,000

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

23. 2026-03-07
    price $125,000 1005-char remark

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

24. 2026-01-10
    listed $135,000 Active
25. 2026-01-09
    listed $135,000 Active 1005-char remark

    Show marketing remark (1005 chars)

    PRICE IMPROVEMENT. Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedroom, 1 full bath renovated, beautifully maintained, first floor, end unit apartment is located between Cocoa Beach, the Indian River, & Port Canaveral and is conveniently close to restaurants like the highly rated Marker 24 Riverfront Grille, shopping and other dining. This community has its own access to Walmart. The association fee covers homesteaded property taxes, water/sewer, trash, exterior maintenance, AC, and water heater. Amenities include a heated pool, Gazebo seating and BBQ area, a playground, private patio areas, assigned carport parking with storage shed (this unit, not all units include this), and guest parking. Inside you'll feel at home in this beautifully upgraded home with a modern kitchen with cook top, beautiful cabinetry with pull out shelving, whole house reverse osmosis water system. Fully renovated bath with shiplac walls and frameless shower. Cash Only

26. 2002-07-17
    soldstatus $1,500,000

ⓘ 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: $667 · $56/mo
• Projected year-2 tax: $950 · $79/mo
• Expected delta: +$283/yr (+$24/mo · 42.4%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $21,798
• − Mortgage interest: −$6,414
• − Property taxes: −$667
• − Insurance: −$1,370
• − Repairs & maintenance: −$1,744
• − Management: −$1,744
• − HOA: −$6,732
• − Depreciation: −$3,331
• Taxable loss: −$204
• Est. tax savings @ 24.0%: +$49
• After-tax cash flow: $1,294/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 — Merritt Island

• Score: 70/100
• State rank: #441
• US rank: #7878

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Merritt Island, FL
• County: Brevard County · 602,871 people
• City population: 46,372
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 21,613
• Household income: $102,726
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 199.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 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: ▼ -177.56%
• Current HPI: 323.6021
• Rent YoY: ▲ 6.53%
• 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

-92.3% since first listed

12 events — show timeline

• 2026-04-21 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Price Changed $115,000 SCMLS
• 2026-04-21 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $125,000 SCMLS
• 2026-03-08 Price Changed $135,000 SCMLS
• 2026-03-08 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Price Changed $125,000 SCMLS
• 2026-01-10 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-09 Listed $135,000 SCMLS
• 2002-07-17 Sold (Public Records) $1,500,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $667 · +14.0% YoY. Source: county tax records.