1310 Jernigan Ave · Melbourne, FL 32901

$240,000

3 bd · 1.0 ba · 1,728 sqft · SingleFamily public records · 269 Days on market

Built 1950 10,454 sqft lot

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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).

• Cash flow +13.0/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.9/10.0
• 1% rule +3.4/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

Key facts

• Hard wood floors
• Kitchen appliances
• New electrical box

Tags

• ENCLOSED FRONT FOYER ROOM
• HARD WOOD FLOORS
• IMPACT WINDOWS
• KITCHEN APPLIANCES
• NEW ELECTRICAL BOX
• FULL ACTIVE ARTESIAN WELL

Property features AI

Exterior

• Parking: RV access/parking
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; Home faces south
• Construction: Block and concrete construction; Shingle roof; Pets allowed
• Exterior features: Rear porch; Fenced backyard; Many trees on lot; City street frontage; Asphalt road

Interior

• Kitchen: Dishwasher; Electric oven
• Bedrooms: 3 bedrooms
• Flooring: Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Eat-in kitchen; Pantry; Split bedroom floor plan
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-15 ($-177/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (16.1% below list).
• Recommended offer: $201k (16.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: University Park Elementary School (math 22% / reading 32%, grade F, #1,969 of 2,144 statewide, top 94%, 484 students, 76% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL) — zoned schools average 59% FRL vs 43% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 55% district-wide (-18 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 (+1.7%/yr); 202 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 44% of the median local income ($55k/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 $2k of loan paydown is wiped out by about $7k 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 269 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $88k; list at $240k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $201,461 (16.1% 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. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.84% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.26%
• DSCR: 0.99
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: -18.2%
• Equity multiple: 0.37×
• Total profit: $-42,433
• Equity at exit: $35,785

10-year hold

• IRR: -13.1%
• Equity multiple: 0.28×
• Total profit: $-48,566
• Equity at exit: $20,751

Cash invested: $67,200 (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 32901

• Home prices YoY: -31.0%
• Rents YoY: 1.7%
• Active inventory: 202
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,015 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$248 /mo · $2,972/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $-15

Break-even live

Break-even rent $2,033

Max offer price $237,395

Occupancy floor 96%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3104 Swift St Melbourne, FL	3.0	1.0	1379	$1,750	$1.27	23d	1	0.41mi
2206 Irwin St Melbourne, FL	3.0	1.5	1525	$1,700	$1.11	23d	1	0.45mi
2308 Shenandoah Rd Unit A Palm Bay, FL	3.0	1.0	1612	$1,600	$0.99	23d	1	0.68mi
2308 Shenandoah Rd Unit B Palm Bay, FL	3.0	1.5	1612	$1,975	$1.23	14d	1	0.68mi
2394 Shenandoah Rd NE Palm Bay, FL	3.0	2.0	1632	$2,000	$1.23	23d	1	0.89mi
635 E New Haven Ave Melbourne, FL	1.0–2.0	1.0–2.0	899	$2,700	$3.00	23d	1	0.92mi
3101 Wiley Ave Melbourne, FL	3.0	2.0	1185	$1,499	$1.26	23d	1	1.00mi
304 Darrow Ave Melbourne, FL	4.0	2.0	1759	$2,300	$1.31	23d	1	1.04mi
343 Talbot St Melbourne, FL	3.0	2.0	1355	$1,699	$1.25	23d	1	1.06mi
300 Darrow Ave Melbourne, FL	4.0	2.0	1732	$2,500	$1.44	23d	1	1.06mi
512 E Strawbridge Ave Melbourne, FL	3.0	1.0	1487	$2,400	$1.61	21d	1	1.11mi
2331 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1094	$2,024	$1.85	14d	33	1.18mi
2361 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1106	$2,255	$2.04	14d	47	1.27mi
2155 Robert J Conlan Blvd NE Palm Bay, FL	1.0–3.0	1.0–2.0	1093	$2,022	$1.85	14d	20	1.28mi
1435 S Harbor City Blvd #703 Melbourne, FL	3.0	3.0	2082	$3,300	$1.59	23d	1	1.30mi
21 Rosevere Way Melbourne, FL	3.0	2.0	1467	$1,900	$1.30	14d	1	1.45mi

Listing history 26 events

1. 2026-05-31
   statusdays on market $240,000 Pending 269 DOM
2. 2026-03-15
   price $240,000
3. 2026-03-06
   price $249,750
4. 2026-02-18
   status Active
5. 2026-02-18
   price $259,750
6. 2026-02-06
   historical
7. 2026-01-18
   status Active
8. 2026-01-14
   historical Active Under Contract
9. 2026-01-10
   price $265,000
10. 2026-01-01
    status Active
11. 2025-12-31
    historical
12. 2025-12-03
    status Active
13. 2025-11-19
    historical
14. 2025-11-15
    price $268,000
15. 2025-10-09
    status Active
16. 2025-09-20
    historical Active Under Contract
17. 2025-08-11
    price $250,000
18. 2025-08-06
    listed $270,000 Active
19. 2025-06-30
    historical 703-char remark

    Show marketing remark (703 chars)

    Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

20. 2025-05-23
    price $274,900 703-char remark

    Show marketing remark (703 chars)

    Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

21. 2025-05-09
    price $280,000 703-char remark

    Show marketing remark (703 chars)

    Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

22. 2025-04-16
    price $293,000 703-char remark

    Show marketing remark (703 chars)

    Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

23. 2025-03-17
    listed $298,000 Active 703-char remark

    Show marketing remark (703 chars)

    Amazing PRICE ADJUSTMENT Plus - Seller offers $5k Back at Closing Towards Fencing for this Adorable Real Florida Cracker Home - Well Built Solid BLOCK. Enclosed Front Foyer Room, All Hard Wood Floors, Impact Windows on ALL except back area, Kitchen Appliances, (ALL Brand New) Microwave, Electric Range and Refrigerator are all Stainless and ALL NEW in December! New Electrical Box 2022 all Copper wiring, 4 Ton A/c in 2021, Roof in 2014, Full Active Artesian Well in Back, Convenient Storage Shed on Property - Huge Backyard, 1 Block to River, Riverview Park and walk to Downtown Melbourne. Beautiful Mango and other Mature Trees! Shady Breezy Peaceful Lot - Sweet n Kind Next Door Neighbors ♥️

24. 2015-05-28
    soldstatus $88,000
25. 2004-10-06
    soldstatus $102,500
26. 1991-10-01
    soldstatus $34,000

ⓘ 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: $2,972 · $248/mo
• Projected year-2 tax: $2,972 · $248/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $24,175
• − Mortgage interest: −$13,444
• − Property taxes: −$2,972
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,934
• − Management: −$1,934
• − Depreciation: −$6,982
• Taxable loss: −$4,291
• Est. tax savings @ 24.0%: +$1,030
• After-tax cash flow: $853/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 — Melbourne

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Melbourne, FL
• County: Brevard County · 602,871 people
• City population: 178,420
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 28,923
• Household income: $54,651
• Rent vs Own: 50.6% rent · 49.4% own
• Severe rent burden: 2018.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Black 18% Hispanic / Latino 11% Two or more races 8% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 1%
• Foreign-born: 14% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Vietnamese 2%

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: ▼ -145.13%
• Current HPI: 322.934
• Rent YoY: ▲ 1.70%
• 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

+605.9% since first listed

25 events — show timeline

• 2026-03-15 Price Changed $240,000 SCMLS
• 2026-03-06 Price Changed $249,750 SCMLS
• 2026-02-18 Relisted — SCMLS
• 2026-02-18 Price Changed $259,750 SCMLS
• 2026-02-06 Listing Removed — SCMLS
• 2026-01-18 Relisted — SCMLS
• 2026-01-14 Contingent — SCMLS
• 2026-01-10 Price Changed $265,000 SCMLS
• 2026-01-01 Relisted — SCMLS
• 2025-12-31 Listing Removed — SCMLS
• 2025-12-03 Relisted — SCMLS
• 2025-11-19 Listing Removed — SCMLS
• 2025-11-15 Price Changed $268,000 SCMLS
• 2025-10-09 Relisted — SCMLS
• 2025-09-20 Contingent — SCMLS
• 2025-08-11 Price Changed $250,000 SCMLS
• 2025-08-06 Listed $270,000 SCMLS
• 2025-06-30 Listing Removed — SCMLS
• 2025-05-23 Price Changed $274,900 SCMLS
• 2025-05-09 Price Changed $280,000 SCMLS
• 2025-04-16 Price Changed $293,000 SCMLS
• 2025-03-17 Listed $298,000 SCMLS
• 2015-05-28 Sold (Public Records) $88,000 Public Records
• 2004-10-06 Sold (Public Records) $102,500 Public Records
• 1991-10-01 Sold (Public Records) $34,000 Public Records

Property tax history

+13.4%/yr

Latest (2025): $2,972 · +11.2% YoY. Source: county tax records.