3630 Suncrest Dr · West Melbourne, FL 32904

$29,900

2 bd · 2.0 ba · 924 sqft · Manufactured · 47 Days on market

Built 1981 Good condition

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.7/10.0
• Livability +4.1/5.0
• Condition / age +4.0/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure- Bank owned, Lovely updated home.

Key facts

• 2 parking spots
• Community pool
• Built 1981

Property features AI

Finance

• Financial info: Land lease: $460; Pets allowed with limits on number and size
• HOA & community: Homeowners association exists; HOA covers grounds maintenance; Community amenities include pool and clubhouse

Exterior

• Parking: 2 total parking spaces; 2 covered parking spaces
• Utilities: Electricity available
• Home design: Single-story home; Resale
• Construction: Aluminum siding
• Exterior features: Community pool; Clubhouse; Non-gated community

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $30k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $29k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#73 in FL, #1,214 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A; Watch: commute D+, 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.
• Zoned schools: Riviera Elementary School (math 56% / reading 48%, grade C-, #990 of 2,144 statewide, top 48%, 696 students, 72% 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).
• Market conditions: Rents soft (-0.3%/yr); 312 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $207 of loan paydown is wiped out by about $897 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 + 0.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($29k) is reasonable based on typical stale-listing flexibility.

Recommended offer $29,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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?
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: 6.50% ✓
• Cap rate: 59.64%
• Cash-on-cash: 190.53%
• DSCR: 9.48
• GRM: 1.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.86×
• Total profit: $74,149
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 19.12×
• Total profit: $151,685
• Equity at exit: $2,585

Cash invested: $8,372 (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 32904

• Rents YoY: -0.3%
• Active inventory: 312
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $1,944 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $1,329

Break-even live

Break-even rent $262

Max offer price $29,900

Occupancy floor 27%

Sensitivity live

Price	-10% $1,350	-5% $1,340	+0% $1,329	+5% $1,319	+10% $1,309
Rent	-10% $1,176	-5% $1,252	+0% $1,329	+5% $1,406	+10% $1,483
Rate	-1.0pp $1,344	-0.5pp $1,337	base $1,329	+0.5pp $1,322	+1.0pp $1,314

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Discovery DR West Melbourne, FL	1.0–3.0	1.0–2.0	994	$2,042	$2.05	15d	58	0.38mi
4152 Merrillville Dr West Melbourne, FL	1.0–3.0	1.0–3.0	1106	$1,764	$1.59	25d	1	0.57mi
918 Aventine Dr West Melbourne, FL	1.0–2.0	1.0–2.0	907	$2,202	$2.43	15d	33	1.37mi
4850 Heritage Lakes BLVD West Melbourne, FL	1.0–3.0	1.0–2.5	1018	$2,070	$2.03	15d	119	1.40mi
915 Sonesta Ave NE #203 Palm Bay, FL	2.0	2.0	825	$1,450	$1.76	25d	1	1.50mi

Listing history 16 events

1. 2026-06-22
   days on market $29,900 Active 47 DOM
2. 2026-06-18
   days on market $29,900 Active 44 DOM
3. 2026-06-17
   days on market $29,900 Active 43 DOM
4. 2026-06-16
   days on market $29,900 Active 42 DOM
5. 2026-06-15
   days on market $29,900 Active 41 DOM
6. 2026-06-14
   pricedays on market $29,900 Active 39 DOM
7. 2026-06-10
   days on market $39,900 Active 36 DOM
8. 2026-06-08
   days on market $39,900 Active 34 DOM
9. 2026-06-07
   days on market $39,900 Active 33 DOM
10. 2026-06-05
    days on market $39,900 Active 30 DOM
11. 2026-06-03
    days on market $39,900 Active 29 DOM
12. 2026-06-02
    days on market $39,900 Active 28 DOM
13. 2026-06-01
    days on market $39,900 Active 27 DOM
14. 2026-05-31
    days on market $39,900 Active 26 DOM
15. 2026-05-31
    days on market $39,900 Active 25 DOM
16. 2026-05-05
    listed $39,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $23,330
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$1,866
• − Management: −$1,866
• − Depreciation: −$870
• Taxable income: $16,455
• Est. tax owed @ 24.0%: −$3,949
• After-tax cash flow: $12,002/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This updated manufactured home is in good condition with minor cosmetic improvements needed. It offers a good starting point for further enhancements to boost its value.

Value-add opportunities

• Both Painting — Fresh paint can make a significant difference in curb appeal and interior aesthetics.
• Both New flooring — Updating the flooring can enhance the overall look and feel of the home.
• Both New kitchen appliances — Modern appliances can improve functionality and appeal to potential buyers/renters.
• Both New bathroom fixtures — Upgrading the bathroom fixtures can make the space more functional and appealing.
• Both Landscaping — A well-maintained and aesthetically pleasing landscape can significantly boost curb appeal and property value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can make a significant difference in curb appeal and interior aesthetics. ↑
• Both New flooring — Updating the flooring can enhance the overall look and feel of the home. ↑
• Both New kitchen appliances — Modern appliances can improve functionality and appeal to potential buyers/renters. ↑
• Both New bathroom fixtures — Upgrading the bathroom fixtures can make the space more functional and appealing. ↑
• Both Landscaping — A well-maintained and aesthetically pleasing landscape can significantly boost curb appeal and property value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — West Melbourne

• Score: 82/100
• State rank: #73
• US rank: #1214

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 37,241
• Household income: $90,673
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 597.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 10% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 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: ▼ -195.98%
• Current HPI: 304.2546
• Rent YoY: ▼ -0.32%
• 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

1 event — show timeline

• 2026-05-05 Listed $39,900 MCRTC