5380 Bannock St Unit O6 · Micco, FL 32976

$145,000

2 bd · 2.0 ba · 1,000 sqft · Manufactured public records · 152 Days on market

Built 1985 6,098 sqft lot $75/mo HOA · 4% of rent

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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 +26.4/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home boasts of new A/C in 2020 w/ open floor plan for entertaining, front sun room, backyard gazebo & large storage room. Just step out on your Gazebo and relax while viewing the Beautiful Lake, or walk from your backyard to take a dip in the Pool! Home comes fully furnished for your convenience. Owner has Approved Blueprints for an Addition that can be built on the back of home.

Key facts

• Laundry in shed
• Storage shed
• Enclosed sun porch

Tags

• ENCLOSED SUN PORCH
• STORAGE SHED
• LAUNDRY IN SHED

Property features AI

Finance

• Other: Pets allowed with breed restrictions; Furnished
• HOA & community: Association: Snug Harbor; Association fee $75 monthly; Senior community

Exterior

• Parking: 2-space carport
• Security: Smoke detector(s)
• Utilities: Public sewer; Cable available; Electricity available; Water available
• Home design: Manufactured home; Single-story (entry level 1); Faces south
• Construction: Vinyl siding; Other roof
• Exterior features: Front porch (glass enclosed); Shed(s); Few trees; Sprinklers in front and rear; City street frontage; Asphalt road

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Breakfast bar; Ceiling fans; His and hers closets; Primary bathroom with tub and shower; Walk-in closet(s); Smoke detector(s)
• Laundry & utility: Washer and dryer included; Laundry located in carport

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#633 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Viera High School (math 58% / reading 71%, grade B-, #78 of 667 statewide, top 13%, 2,289 students, 15% FRL).
• Market conditions: 185 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $4k 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 152 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask has dropped $36k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 152 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 1.23% ✓
• Cap rate: 9.44%
• Cash-on-cash: 11.24%
• DSCR: 1.50
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-7,126
• Equity at exit: $21,620

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $15,205
• Equity at exit: $12,537

Cash invested: $40,600 (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 32976

• Home prices YoY: -18.6%
• Active inventory: 185
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,781 high
• Mortgage (P&I): −$760
• Tax from tax record: −$131 /mo · $1,568/yr
• Insurance: −$60
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$75
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $255

Break-even live

Break-even rent $1,458

Max offer price $145,000

Occupancy floor 81%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	23d	1	0.25mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	23d	1	0.27mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	23d	1	0.29mi
415 Plover Dr Sebastian, FL	3.0	2.0	1200	$2,400	$2.00	23d	1	0.32mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	23d	1	0.34mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	23d	1	0.41mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	23d	1	0.52mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	23d	1	0.52mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	14d	1	0.63mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	23d	1	0.69mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	23d	1	0.76mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	23d	1	0.87mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	23d	1	0.99mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	23d	1	1.17mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	23d	1	1.26mi
8520 US Highway 1 #10 Sebastian, FL	2.0	2.0	1091	$1,800	$1.65	23d	1	1.36mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: pool

Listing history 37 events

1. 2026-06-18
   days on market $145,000 Active 152 DOM
2. 2026-06-17
   days on market $145,000 Active 151 DOM
3. 2026-06-16
   days on market $145,000 Active 150 DOM
4. 2026-06-15
   days on market $145,000 Active 149 DOM
5. 2026-06-14
   days on market $145,000 Active 147 DOM
6. 2026-06-10
   days on market $145,000 Active 144 DOM
7. 2026-06-08
   days on market $145,000 Active 142 DOM
8. 2026-06-07
   days on market $145,000 Active 141 DOM
9. 2026-06-05
   days on market $145,000 Active 138 DOM
10. 2026-06-03
    days on market $145,000 Active 137 DOM
11. 2026-06-02
    days on market $145,000 Active 136 DOM
12. 2026-06-01
    days on market $145,000 Active 135 DOM
13. 2026-05-31
    days on market $145,000 Active 134 DOM
14. 2026-05-31
    days on market $145,000 Active 133 DOM
15. 2026-04-27
    price $145,000
16. 2026-04-23
    price $155,000
17. 2026-03-07
    price $165,000
18. 2026-01-15
    listed $181,000 Active
19. 2021-02-01
    soldstatus $119,500
20. 2021-01-25
    soldstatus $119,500 Closed 394-char remark

    Show marketing remark (394 chars)

    This home boasts of new A/C in 2020 w/ open floor plan for entertaining, front sun room, backyard gazebo & large storage room. Just step out on your Gazebo and relax while viewing the Beautiful Lake, or walk from your backyard to take a dip in the Pool! Home comes fully furnished for your convenience. Owner has Approved Blueprints for an Addition that can be built on the back of home.

21. 2021-01-04
    historical Active Under Contract 394-char remark

    Show marketing remark (394 chars)

    This home boasts of new A/C in 2020 w/ open floor plan for entertaining, front sun room, backyard gazebo & large storage room. Just step out on your Gazebo and relax while viewing the Beautiful Lake, or walk from your backyard to take a dip in the Pool! Home comes fully furnished for your convenience. Owner has Approved Blueprints for an Addition that can be built on the back of home.

22. 2020-09-04
    status Active
23. 2020-08-24
    historical Active Under Contract
24. 2020-06-02
    historical
25. 2020-06-02
    listed $119,500 Active
26. 2020-06-01
    listed $119,500 Active 394-char remark

    Show marketing remark (394 chars)

    This home boasts of new A/C in 2020 w/ open floor plan for entertaining, front sun room, backyard gazebo & large storage room. Just step out on your Gazebo and relax while viewing the Beautiful Lake, or walk from your backyard to take a dip in the Pool! Home comes fully furnished for your convenience. Owner has Approved Blueprints for an Addition that can be built on the back of home.

27. 2020-01-02
    listed $127,900 Active
28. 2019-12-08
    historical
29. 2019-06-07
    listed $129,900 Active
30. 2016-08-16
    historical
31. 2016-08-16
    historical
32. 2009-09-04
    soldstatus $52,500
33. 2009-08-27
    soldstatus $52,500
34. 2008-05-13
    listed $57,900
35. 2008-05-13
    listed $57,900
36. 2006-03-16
    listed $95,500
37. 1985-08-01
    soldstatus $13,000

ⓘ 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: $1,568 · $131/mo
• Projected year-2 tax: $1,568 · $131/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 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: $21,370
• − Mortgage interest: −$8,122
• − Property taxes: −$1,568
• − Insurance: −$2,228
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − HOA: −$900
• − Depreciation: −$4,218
• Taxable income: $915
• Est. tax owed @ 24.0%: −$220
• After-tax cash flow: $2,842/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 — Micco

• Score: 65/100
• State rank: #633
• US rank: #12408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Micco, FL
• Population (ZIP): 9,237

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 1% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -73.57%
• Current HPI: 321.5196
• Rent YoY: —
• Metro: —
• 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

+1015.4% since first listed

23 events — show timeline

• 2026-04-27 Price Changed $145,000 SCMLS
• 2026-04-23 Price Changed $155,000 SCMLS
• 2026-03-07 Price Changed $165,000 SCMLS
• 2026-01-15 Listed $181,000 SCMLS
• 2021-02-01 Sold (Public Records) $119,500 Public Records
• 2021-01-25 Sold (MLS) $119,500 RAIRCMLS
• 2021-01-04 Contingent — RAIRCMLS
• 2020-09-04 Relisted — RAIRCMLS
• 2020-08-24 Contingent — RAIRCMLS
• 2020-06-02 Delisted — RAIRCMLS
• 2020-06-02 Listed $119,500 RAIRCMLS
• 2020-06-01 Listed $119,500 RAIRCMLS
• 2020-01-02 Listed $127,900 RAIRCMLS
• 2019-12-08 Delisted — RAIRCMLS
• 2019-06-07 Listed $129,900 RAIRCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2009-09-04 Sold (Public Records) $52,500 Public Records
• 2009-08-27 Sold (MLS) $52,500 SCMLS
• 2008-05-13 Listed $57,900 SCMLS
• 2008-05-13 Listed $57,900 SCMLS
• 2006-03-16 Listed $95,500 SCMLS
• 1985-08-01 Sold (Public Records) $13,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $1,568 · -4.4% YoY. Source: county tax records.