6996 Birch Dr · Sharpes, FL 32927

$59,999

1 bd · 1.0 ba · 970 sqft · Manufactured public records · 10 Days on market

Built 1965 7,841 sqft lot ↓ 37% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity in Cocoa with strong value-add potential. This property features a single-wide manufactured home situated on its own lot, offering flexibility for renovation, rental income, or future improvement. The existing structure includes approximately 970 square feet along with additional features such as a screened enclosure, deck, and outbuilding, providing a solid foundation for updates. Utilities are in place, making this a practical option for investors looking to renovate and hold or reposition. Located in Williams Point Estates with convenient access to major roadways, shopping, and everyday amenities. Also available as part of a 3-property investment package including 6995 Ash Ct and 6993 Ash Ct. Cash buyers preferred.

Key facts

• 7,841 sq ft lot
• Built 1965
• Listed 10 days

Property features AI

Finance

• Other: Lot size approximately 0.18 acres
• Financial info: No land lease

Exterior

• Parking: Off-street parking
• Utilities: Aerobic septic system; Cable available; Electricity connected; Water connected
• Home design: Manufactured home
• Construction: Metal roof; Other construction materials; Built as a single-family residential property
• Exterior features: Porch; Screened porch; Shed(s); City street frontage; Asphalt road surface; East-facing

Interior

• Bedrooms: 1 bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Wall/window cooling unit(s)
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $878 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).

Location & tenants

• Location reads 73/100 on livability (#302 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living A+; Watch: employment C-, amenities 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.
• Zoned schools: Fairglen Elementary School (math 34% / reading 38%, grade F, #1,670 of 2,144 statewide, top 78%, 617 students, 71% FRL); Cocoa High School (math 21% / reading 27%, grade F, #529 of 667 statewide, top 80%, 1,551 students, 73% FRL) — zoned schools average 72% FRL vs 43% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 55% district-wide (-25 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.5%/yr); 227 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $415 of loan paydown is wiped out by about $2k 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 + 2.5% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,999

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.74% ✓
• Cap rate: 23.85%
• Cash-on-cash: 62.72%
• DSCR: 3.79
• GRM: 3.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.48% rent growth · sell at horizon

5-year hold

• IRR: 61.1%
• Equity multiple: 3.70×
• Total profit: $45,374
• Equity at exit: $8,946

10-year hold

• IRR: 65.5%
• Equity multiple: 7.44×
• Total profit: $108,163
• Equity at exit: $5,188

Cash invested: $16,800 (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 32927

• Home prices YoY: -19.4%
• Rents YoY: 2.5%
• Active inventory: 227
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,644 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$81 /mo · $972/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $878

Break-even live

Break-even rent $532

Max offer price $59,999

Occupancy floor 42%

Sensitivity live

Price	-10% $912	-5% $895	+0% $878	+5% $861	+10% $844
Rent	-10% $748	-5% $813	+0% $878	+5% $943	+10% $1,008
Rate	-1.0pp $908	-0.5pp $893	base $878	+0.5pp $863	+1.0pp $847

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6877 Blue Bonnet Dr Cocoa, FL	2.0	1.0	720	$1,500	$2.08	25d	1	0.29mi
100 Canebreakers Dr Cocoa, FL	2.0–3.0	2.0–2.5	1362	$1,750	$1.28	25d	2	1.28mi

Listing history 14 events

1. 2026-05-15
   status Pending

   Show marketing remark (750 chars)

   Investment opportunity in Cocoa with strong value-add potential. This property features a single-wide manufactured home situated on its own lot, offering flexibility for renovation, rental income, or future improvement. The existing structure includes approximately 970 square feet along with additional features such as a screened enclosure, deck, and outbuilding, providing a solid foundation for updates. Utilities are in place, making this a practical option for investors looking to renovate and hold or reposition. Located in Williams Point Estates with convenient access to major roadways, shopping, and everyday amenities. Also available as part of a 3-property investment package including 6995 Ash Ct and 6993 Ash Ct. Cash buyers preferred.

2. 2026-05-15
   historical 750-char remark

   Show marketing remark (750 chars)

   Investment opportunity in Cocoa with strong value-add potential. This property features a single-wide manufactured home situated on its own lot, offering flexibility for renovation, rental income, or future improvement. The existing structure includes approximately 970 square feet along with additional features such as a screened enclosure, deck, and outbuilding, providing a solid foundation for updates. Utilities are in place, making this a practical option for investors looking to renovate and hold or reposition. Located in Williams Point Estates with convenient access to major roadways, shopping, and everyday amenities. Also available as part of a 3-property investment package including 6995 Ash Ct and 6993 Ash Ct. Cash buyers preferred.

3. 2026-05-05
   listed $59,999 Active
4. 2026-05-04
   historical $59,999
5. 2026-04-20
   listed $59,900 Active 750-char remark

   Show marketing remark (364 chars)

   Investor opportunity in the Williams Point Estates. This 2-bedroom, 2-bath mobile home offers strong rental potential. Home needs TLC and is ideal for cash buyers looking to add value through updates. This property is part of a three-home package deal including 6995 Ash Ct, 6993 Ash Ct, and 6996 Birch Dr. Close to major roadways, shopping, and area conveniences.

6. 2026-04-20
   historical 364-char remark

   Show marketing remark (364 chars)

   Investor opportunity in the Williams Point Estates. This 2-bedroom, 2-bath mobile home offers strong rental potential. Home needs TLC and is ideal for cash buyers looking to add value through updates. This property is part of a three-home package deal including 6995 Ash Ct, 6993 Ash Ct, and 6996 Birch Dr. Close to major roadways, shopping, and area conveniences.

7. 2026-04-14
   status Active

   Show marketing remark (364 chars)

   Investor opportunity in the Williams Point Estates. This 2-bedroom, 2-bath mobile home offers strong rental potential. Home needs TLC and is ideal for cash buyers looking to add value through updates. This property is part of a three-home package deal including 6995 Ash Ct, 6993 Ash Ct, and 6996 Birch Dr. Close to major roadways, shopping, and area conveniences.

8. 2026-04-14
   listed $79,000 Active 364-char remark

   Show marketing remark (364 chars)

   Investor opportunity in the Williams Point Estates. This 2-bedroom, 2-bath mobile home offers strong rental potential. Home needs TLC and is ideal for cash buyers looking to add value through updates. This property is part of a three-home package deal including 6995 Ash Ct, 6993 Ash Ct, and 6996 Birch Dr. Close to major roadways, shopping, and area conveniences.

9. 2026-02-20
   status Pending
10. 2026-02-20
    historical
11. 2026-02-02
    status Active
12. 2026-02-02
    price $79,000
13. 2025-12-18
    status Pending
14. 2025-11-20
    listed $95,000 Active

ⓘ 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: $972 · $81/mo
• Projected year-2 tax: $972 · $81/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 ≥106°F today · 22 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: $19,727
• − Mortgage interest: −$3,361
• − Property taxes: −$972
• − Insurance: −$300
• − Repairs & maintenance: −$1,578
• − Management: −$1,578
• − Depreciation: −$1,745
• Taxable income: $10,192
• Est. tax owed @ 24.0%: −$2,446
• After-tax cash flow: $8,090/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 — Sharpes

• Score: 73/100
• State rank: #302
• US rank: #5144

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sharpes, FL
• County: Brevard County · 602,871 people
• City population: 11
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 29,219
• Household income: $86,075
• Rent vs Own: 7.7% rent · 92.3% own
• Severe rent burden: 192.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 5% Black 5%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -79.36%
• Current HPI: 330.5099
• Rent YoY: ▲ 2.48%
• 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

-36.8% since first listed

14 events — show timeline

• 2026-05-15 Pending — SCMLS
• 2026-05-15 Listing Removed — SCMLS
• 2026-05-05 Listed $59,999 SCMLS
• 2026-05-04 Coming Soon $59,999 SCMLS
• 2026-04-20 Listing Removed — SCMLS
• 2026-04-20 Listed $59,900 SCMLS
• 2026-04-14 Relisted — SCMLS
• 2026-04-14 Listed $79,000 SCMLS
• 2026-02-20 Pending — SCMLS
• 2026-02-20 Listing Removed — SCMLS
• 2026-02-02 Relisted — SCMLS
• 2026-02-02 Price Changed $79,000 SCMLS
• 2025-12-18 Pending — SCMLS
• 2025-11-20 Listed $95,000 SCMLS

Property tax history

+5.6%/yr

Latest (2025): $972 · +10.5% YoY. Source: county tax records.