121 Maplewood Dr · Titusville, FL 32796

$290,000

3 bd · 2.0 ba · 1,556 sqft · SingleFamily public records · 77 Days on market

Built 1966 9,583 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 +12.8/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• DSCR +3.8/10.0
• 1% rule +2.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well maintained 3 bedroom, 2 bath home located in the desirable Sherwood Estates area of North Titusville! This property offers a functional layout with spacious living areas, including a comfortable family room perfect for relaxing or entertaining. Home features formal dining with formal living room, oversized 2 car garage, providing ample space for vehicles, storage, or a workshop. Enjoy Florida living year round from the screened porch overlooking the backyard-ideal for morning coffee or evening gatherings. Major updates provide peace of mind, including a roof replaced in 2017, gas water heater 2020, dishwasher 2021 and new air conditioning system with gas furnace replaced in 2024. The interior was upgraded with luxury vinyl plank flooring in 2022, offering both style and durability. The exterior has been pressure washed and painted as of March 2025, giving the home excellent curb appeal. Conveniently located near shopping, dining and major road ways. Sold as is.

Key facts

• Gas water heater
• Screened porch
• Roof replaced

Tags

• SCREENED PORCH
• LUXURY VINYL PLANK FLOORING
• ROOF REPLACED
• GAS WATER HEATER
• NEW AIR CONDITIONING SYSTEM
• PRESSURE WASHED AND PAINTED

Property features AI

Finance

• Other: Homestead exempt; Property is unfurnished; Living area reported as 1556 (public records)
• HOA & community: No association; Pets allowed

Exterior

• Parking: Attached garage; 2-car garage (26x20)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; Faces north; Residential zoning (RU-1-13)
• Construction: Block and stucco construction; Shingle roof; Built on a slab; Approximately 2026 building area total 2260 sq ft (public records)
• Exterior features: Porch; Rear porch; Screened porch; Cleared lot; Asphalt road frontage; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Gas water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Built-in features; Walk-in closets; Window treatments
• Laundry & utility: Washer included; Gas dryer hookup; Laundry area inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-27 ($-328/yr) — negative.
• To cash-flow at today's rent, offer at most $285k (1.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (24.2% below list).
• Recommended offer: $220k (24.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 84/100 on livability (#42 in FL, #668 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime D, employment D.
• 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 flat; 256 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 39% of the median local income ($67k/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 $9k 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 77 days — a 6% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $290k implies a 353% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,726 (24.2% 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 77 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 6.18%
• Cash-on-cash: -0.40%
• DSCR: 0.98
• GRM: 11.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.59% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-54,050
• Equity at exit: $43,240

10-year hold

• IRR: -17.4%
• Equity multiple: 0.14×
• Total profit: $-70,116
• Equity at exit: $25,074

Cash invested: $81,200 (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 32796

• Rents YoY: 0.6%
• Active inventory: 256
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,197 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$122 /mo · $1,458/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $-27

Break-even live

Break-even rent $2,232

Max offer price $285,176

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1539 Lafayette Ave Titusville, FL	3.0	2.0	1457	$2,260	$1.55	14d	1	0.65mi
1580 Liberty Tree Rd Titusville, FL	3.0	2.0	1458	$2,145	$1.47	14d	1	0.71mi

Listing history 21 events

1. 2026-06-18
   days on market $290,000 Active 77 DOM
2. 2026-06-17
   days on market $290,000 Active 76 DOM
3. 2026-06-16
   days on market $290,000 Active 75 DOM
4. 2026-06-15
   days on market $290,000 Active 74 DOM
5. 2026-06-14
   days on market $290,000 Active 72 DOM
6. 2026-06-10
   days on market $290,000 Active 69 DOM
7. 2026-06-08
   days on market $290,000 Active 67 DOM
8. 2026-06-07
   days on market $290,000 Active 66 DOM
9. 2026-06-05
   days on market $290,000 Active 63 DOM
10. 2026-06-03
    days on market $290,000 Active 62 DOM
11. 2026-06-02
    days on market $290,000 Active 61 DOM
12. 2026-06-01
    days on market $290,000 Active 60 DOM
13. 2026-05-31
    days on market $290,000 Active 59 DOM
14. 2026-05-31
    days on market $290,000 Active 58 DOM
15. 2026-04-02
    listed $310,000 Active
16. 2026-03-28
    listed $310,000 Active 996-char remark

    Show marketing remark (996 chars)

    Welcome to this well maintained 3 bedroom, 2 bath home located in the desirable Sherwood Estates area of North Titusville! This property offers a functional layout with spacious living areas, including a comfortable family room perfect for relaxing or entertaining. Home features formal dining with formal living room, oversized 2 car garage, providing ample space for vehicles, storage, or a workshop. Enjoy Florida living year round from the screened porch overlooking the backyard-ideal for morning coffee or evening gatherings. Major updates provide peace of mind, including a roof replaced in 2017, gas water heater 2020, dishwasher 2021 and new air conditioning system with gas furnace replaced in 2024. The interior was upgraded with luxury vinyl plank flooring in 2022, offering both style and durability. The exterior has been pressure washed and painted as of March 2025, giving the home excellent curb appeal. Conveniently located near shopping, dining and major road ways. Sold as is.

17. 2011-03-27
    soldstatus $64,000 423-char remark

    Show marketing remark (423 chars)

    This is a great home in a settled, established neighborhood. It is just off the beaten path on a quiet street in Sherwood. The owner will enjoy shaded property with great oak trees, a covered and screened patio with planting areas, and a fenced rear yardFeaturing formal living and dining rooms plus a family room, this home has plenty of room for a growing family and nice closets and storage. All appliances are included.

18. 2011-02-11
    soldstatus $64,000
19. 2011-02-10
    soldstatus $64,000
20. 2010-06-23
    listed $89,900 423-char remark

    Show marketing remark (423 chars)

    This is a great home in a settled, established neighborhood. It is just off the beaten path on a quiet street in Sherwood. The owner will enjoy shaded property with great oak trees, a covered and screened patio with planting areas, and a fenced rear yardFeaturing formal living and dining rooms plus a family room, this home has plenty of room for a growing family and nice closets and storage. All appliances are included.

21. 2010-06-23
    listed $77,000

    Show marketing remark (423 chars)

    This is a great home in a settled, established neighborhood. It is just off the beaten path on a quiet street in Sherwood. The owner will enjoy shaded property with great oak trees, a covered and screened patio with planting areas, and a fenced rear yardFeaturing formal living and dining rooms plus a family room, this home has plenty of room for a growing family and nice closets and storage. All appliances are included.

ⓘ 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: $1,458 · $122/mo
• Projected year-2 tax: $2,407 · $201/mo
• Expected delta: +$949/yr (+$79/mo · 65.1%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,367
• − Mortgage interest: −$16,245
• − Property taxes: −$1,458
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,109
• − Management: −$2,109
• − Depreciation: −$8,436
• Taxable loss: −$5,441
• Est. tax savings @ 24.0%: +$1,306
• After-tax cash flow: $978/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 — Titusville

• Score: 84/100
• State rank: #42
• US rank: #668

Category grades

Amenities B- Commute A+ Cost of living A+ Crime D Employment D 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
• City population: 60,286
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 20,222
• Household income: $67,491
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 403.0

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 (81%)
• Race & ethnicity: White 81% Black 8% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 3% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▼ -172.25%
• Current HPI: 303.5534
• Rent YoY: ▲ 0.59%
• 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

+244.8% since first listed

7 events — show timeline

• 2026-04-02 Listed $310,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-28 Listed $310,000 SCMLS
• 2011-03-27 Sold (MLS) $64,000 Stellar MLS as Distributed by MLS Grid
• 2011-02-11 Sold (Public Records) $64,000 Public Records
• 2011-02-10 Sold (MLS) $64,000 SCMLS
• 2010-06-23 Listed $77,000 SCMLS
• 2010-06-23 Listed $89,900 Stellar MLS as Distributed by MLS Grid

Property tax history

-1.2%/yr

Latest (2025): $1,458 · +22.5% YoY. Source: county tax records.