1213 Iriquois Dr · Micco, FL 32976

$243,000

2 bd · 2.0 ba · 1,427 sqft · Manufactured public records · 59 Days on market

Built 1992 3,920 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 +12.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.7/10.0
• Livability +3.2/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

Key facts

• New siding
• Shaker cabinets
• Ss appliances

Tags

• SHAKER CABINETS
• SS APPLIANCES
• GRANITE COUNTERS
• VINYL PLANK FLOORING
• VAULTED CEILINGS
• NEW SIDING

Property features AI

Exterior

• Parking: Attached covered carport (1 space); Additional parking available
• Security: Smoke detectors
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Manufactured home; Faces east
• Construction: Stucco and vinyl siding exterior; Shingle roof; Pets allowed
• Exterior features: Impact windows; Covered, screened side porch; Few trees on lot; City street frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave
• Bedrooms: 3 bedrooms (main level)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen island; Open floorplan; Pantry; Primary bathroom with shower (no tub); Vaulted ceilings
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $243k.

Deal economics

• At list price, monthly cash flow is $-34 ($-406/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (23.4% below list).
• Recommended offer: $186k (23.4% below list) — sets the bar for 1% rule.

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); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: 185 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $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 59 days — a 3% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago 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.
• Current owner paid $90k; list at $243k implies a 170% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $186,023 (23.4% 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 59 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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.
7. 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.
8. 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: 0.77% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.60%
• DSCR: 0.97
• GRM: 10.9

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-41,609
• Equity at exit: $36,232

10-year hold

• IRR: -9.4%
• Equity multiple: 0.42×
• Total profit: $-39,330
• Equity at exit: $21,010

Cash invested: $68,040 (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: 10.9×

Monthly cashflow live

• Estimated rent: $1,860 high
• Mortgage (P&I): −$1,274
• Tax from tax record: −$128 /mo · $1,534/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $-34

Break-even live

Break-even rent $1,903

Max offer price $237,029

Occupancy floor 97%

Sensitivity live

Price	-10% $104	-5% $35	+0% $-34	+5% $-103	+10% $-171
Rent	-10% $-181	-5% $-107	+0% $-34	+5% $40	+10% $113
Rate	-1.0pp $89	-0.5pp $28	base $-34	+0.5pp $-97	+1.0pp $-161

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: $60,750
• Closing costs: $7,290
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	24d	1	0.17mi
1315 Barefoot Cir Sebastian, FL	2.0	2.0	1167	$2,300	$1.97	24d	1	0.31mi
1207 Marigold Dr Sebastian, FL	2.0	2.0	1104	$1,500	$1.36	24d	1	0.47mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	24d	1	0.72mi
914 Pecan Cir Sebastian, FL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.75mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	24d	1	0.79mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	24d	1	0.82mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	24d	1	0.88mi
706 Hyacinth Cir Sebastian, FL	2.0	2.0	1062	$1,750	$1.65	24d	1	0.89mi
909 Sequoia St Sebastian, FL	2.0	2.0	1156	$1,845	$1.60	24d	1	1.04mi
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	24d	1	1.23mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	24d	1	1.25mi
629 W Marlin Cir Unit NA Sebastian, FL	2.0	2.0	1104	$1,400	$1.27	15d	1	1.36mi
7629 Chasta Rd Sebastian, FL	2.0	2.0	958	$1,600	$1.67	24d	1	1.46mi
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	24d	1	1.48mi
7597 Cedar Bark Rd Sebastian, FL	2.0	2.0	902	$1,700	$1.88	24d	1	1.49mi

Listing history 32 events

1. 2026-06-09
   status $243,000 Pending 59 DOM
2. 2026-06-08
   days on market $243,000 Active 59 DOM
3. 2026-06-07
   days on market $243,000 Active 58 DOM
4. 2026-06-05
   days on market $243,000 Active 55 DOM
5. 2026-06-03
   days on market $243,000 Active 54 DOM
6. 2026-06-02
   days on market $243,000 Active 53 DOM
7. 2026-06-01
   days on market $243,000 Active 52 DOM
8. 2026-05-31
   days on market $243,000 Active 51 DOM
9. 2026-05-31
   days on market $243,000 Active 50 DOM
10. 2026-04-28
    price $243,000
11. 2026-04-25
    price $243,500
12. 2026-04-21
    price $244,000
13. 2026-04-12
    price $248,000
14. 2026-04-10
    listed $249,000 Active
15. 2025-06-11
    soldstatus $90,000
16. 2025-05-30
    soldstatus $90,000 Closed 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

17. 2025-04-11
    status Pending 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

18. 2025-04-04
    price $129,000 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

19. 2025-03-27
    price $134,000 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

20. 2025-03-12
    price $144,000 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

21. 2025-02-25
    price $154,999 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

22. 2025-02-18
    price $159,999 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

23. 2025-01-29
    listed $170,000 Active 407-char remark

    Show marketing remark (407 chars)

    Charming 2-bed, 2-bath home at 1213 Iriquois Drive, Sebastian! Recently redone carport in great shape, said to be the nicest in the area. New HVAC, solid plumbing/electric, and a foundation inspected and updated 4 years ago. Windows are in great condition, minor updates like flooring and light fixtures will make this home shine. A perfect opportunity for a cozy, low-maintenance home! Property sold AS-IS.

24. 2016-08-16
    historical 284-char remark

    Show marketing remark (284 chars)

    OUR 1300 SQ. FT OF PURE PLEASURE. FACTORY BUILT FLORIDA ROOM IN FRONT FACES EAST TO CAPTURE THE BREEZES. ADDITIONAL GLASS ENCLOSED SIDE PORCH OFFERS ENTERTAINING EASE. SPACIOUS BREAKFAST NOOK OFF KITCHEN PLUS FORMAL DINING. INTERIOR LAUNDRY ROOM. MASTER SUITE RUNS FULL WIDTH OF HOME.

25. 2016-08-16
    historical

    Show marketing remark (284 chars)

    OUR 1300 SQ. FT OF PURE PLEASURE. FACTORY BUILT FLORIDA ROOM IN FRONT FACES EAST TO CAPTURE THE BREEZES. ADDITIONAL GLASS ENCLOSED SIDE PORCH OFFERS ENTERTAINING EASE. SPACIOUS BREAKFAST NOOK OFF KITCHEN PLUS FORMAL DINING. INTERIOR LAUNDRY ROOM. MASTER SUITE RUNS FULL WIDTH OF HOME.

26. 2011-09-08
    soldstatus $63,500
27. 2011-01-21
    listed $63,500
28. 2009-08-24
    listed $69,000 284-char remark

    Show marketing remark (284 chars)

    OUR 1300 SQ. FT OF PURE PLEASURE. FACTORY BUILT FLORIDA ROOM IN FRONT FACES EAST TO CAPTURE THE BREEZES. ADDITIONAL GLASS ENCLOSED SIDE PORCH OFFERS ENTERTAINING EASE. SPACIOUS BREAKFAST NOOK OFF KITCHEN PLUS FORMAL DINING. INTERIOR LAUNDRY ROOM. MASTER SUITE RUNS FULL WIDTH OF HOME.

29. 2008-02-18
    soldstatus $77,900
30. 2008-02-12
    soldstatus $77,900
31. 2007-01-02
    listed $79,900
32. 1992-06-01
    soldstatus $76,600

ⓘ 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: $1,534 · $128/mo
• Projected year-2 tax: $2,017 · $168/mo
• Expected delta: +$483/yr (+$40/mo · 31.5%)

ⓘ 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 7/10 Severe
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $22,323
• − Mortgage interest: −$13,612
• − Property taxes: −$1,534
• − Insurance: −$1,215
• − Repairs & maintenance: −$1,786
• − Management: −$1,786
• − Depreciation: −$7,069
• Taxable loss: −$4,678
• Est. tax savings @ 24.0%: +$1,123
• After-tax cash flow: $717/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

+217.2% since first listed

23 events — show timeline

• 2026-04-28 Price Changed $243,000 SCMLS
• 2026-04-25 Price Changed $243,500 SCMLS
• 2026-04-21 Price Changed $244,000 SCMLS
• 2026-04-12 Price Changed $248,000 SCMLS
• 2026-04-10 Listed $249,000 SCMLS
• 2025-06-11 Sold (Public Records) $90,000 Public Records
• 2025-05-30 Sold (MLS) $90,000 SCMLS
• 2025-04-11 Pending — SCMLS
• 2025-04-04 Price Changed $129,000 SCMLS
• 2025-03-27 Price Changed $134,000 SCMLS
• 2025-03-12 Price Changed $144,000 SCMLS
• 2025-02-25 Price Changed $154,999 SCMLS
• 2025-02-18 Price Changed $159,999 SCMLS
• 2025-01-29 Listed $170,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-09-08 Sold (Public Records) $63,500 Public Records
• 2011-01-21 Listed $63,500 SCMLS
• 2009-08-24 Listed $69,000 SCMLS
• 2008-02-18 Sold (Public Records) $77,900 Public Records
• 2008-02-12 Sold (MLS) $77,900 SCMLS
• 2007-01-02 Listed $79,900 SCMLS
• 1992-06-01 Sold (Public Records) $76,600 Public Records

Property tax history

+8.4%/yr

Latest (2025): $1,534 · +6.8% YoY. Source: county tax records.