6991 Ash Dr · Sharpes, FL 32927

$136,000

4 bd · 2.0 ba · 777 sqft · Manufactured public records · 81 Days on market

Built 1980 9,583 sqft lot ↓ 9% 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

Investor Special! Located in Cocoa, in the Space Coast, this partially finished projected duplex manufactured home sits on a spacious lot of over 9,000 sq. ft. , offering endless potential for redevelopment or renovation. Whether you're looking to rebuild, flip, or hold, this property is a great opportunity just minutes from Florida’s beautiful coastline, Kennedy Space Center, And Port Canaveral. The property is being sold AS IS, and the seller is highly motivated. Cash offers or trades will be considered, and all offers must be submitted as highest and best. Priced below market for a quick sale — don’t miss your chance to own land and property in a growing area near the b

Key facts

• Near port canaveral
• Spacious lot
• Endless potential

Tags

• SPACIOUS LOT
• ENDLESS POTENTIAL
• MINUTES FROM COASTLINE
• NEAR KENNEDY SPACE CENTER
• NEAR PORT CANAVERAL
• GROWING AREA NEAR BEACH

Property features AI

Finance

• Other: Total lot size about 0.22 acres
• Financial info: No investor or income/expense details listed
• HOA & community: No HOA/association listed

Exterior

• Parking: No parking details listed
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity available
• Home design: Manufactured double-wide home; Single-story (one level); Facing east; Entry level: One
• Construction: Frame construction; Metal roof; Pillar/post/pier foundation; Built as a manufactured home (double wide)
• Exterior features: On waterfront (pond); Water view of pond; Asphalt road access; Lot dimensions approximately 80 x 120

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms
• Flooring: Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating listed; No cooling listed
• Interior features: No interior features listed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $136k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $136k).
• Recommended offer: $128k (6.0% below list) — sets the bar for market timing.

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-, schools F, 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.
• Market conditions: Rents rising (+2.5%/yr); 224 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 32% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $940 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.
• At projected returns (-3.0% appreciation + 2.5% rent growth), your $38k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($128k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,840 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 1.69% ✓
• Cap rate: 15.13%
• Cash-on-cash: 31.57%
• DSCR: 2.40
• GRM: 4.9

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: 25.9%
• Equity multiple: 2.06×
• Total profit: $40,535
• Equity at exit: $20,278

10-year hold

• IRR: 33.3%
• Equity multiple: 3.95×
• Total profit: $112,434
• Equity at exit: $11,759

Cash invested: $38,080 (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: 224
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,292 medium
• Mortgage (P&I): −$713
• Tax from tax record: −$39 /mo · $466/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $1,002

Break-even live

Break-even rent $1,024

Max offer price $136,000

Occupancy floor 51%

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: $34,000
• Closing costs: $4,080
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Canebreakers Dr Cocoa, FL	2.0–3.0	2.0–2.5	1362	$2,400	$1.76	23d	2	1.36mi

Listing history 16 events

1. 2026-06-18
   days on market $136,000 Active 81 DOM
2. 2026-06-17
   days on market $136,000 Active 80 DOM
3. 2026-06-16
   days on market $136,000 Active 79 DOM
4. 2026-06-15
   days on market $136,000 Active 78 DOM
5. 2026-06-14
   days on market $136,000 Active 76 DOM
6. 2026-06-10
   days on market $136,000 Active 73 DOM
7. 2026-06-08
   days on market $136,000 Active 71 DOM
8. 2026-06-07
   days on market $136,000 Active 70 DOM
9. 2026-06-05
   days on market $136,000 Active 67 DOM
10. 2026-06-03
    days on market $136,000 Active 66 DOM
11. 2026-06-02
    days on market $136,000 Active 65 DOM
12. 2026-06-01
    days on market $136,000 Active 64 DOM
13. 2026-05-31
    days on market $136,000 Active 63 DOM
14. 2026-05-31
    days on market $136,000 Active 62 DOM
15. 2026-03-29
    listed $136,000 Active
16. 2004-05-26
    soldstatus $150,000

ⓘ 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: $466 · $39/mo
• Projected year-2 tax: $1,129 · $94/mo
• Expected delta: +$663/yr (+$55/mo · 142.2%)

ⓘ 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 ≥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: $27,503
• − Mortgage interest: −$7,618
• − Property taxes: −$466
• − Insurance: −$680
• − Repairs & maintenance: −$2,200
• − Management: −$2,200
• − Depreciation: −$3,956
• Taxable income: $10,382
• Est. tax owed @ 24.0%: −$2,492
• After-tax cash flow: $9,531/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

-9.3% since first listed

2 events — show timeline

• 2026-03-29 Listed $136,000 Stellar MLS as Distributed by MLS Grid
• 2004-05-26 Sold (Public Records) $150,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $466 · +19.2% YoY. Source: county tax records.