989 & 991 S Fiske Blvd · Rockledge, FL 32955

$214,000

4 bd · 3.0 ba · 912 sqft · MultiFamily public records · 19 Days on market

Built 1957 9,583 sqft lot

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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 +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

One of Three duplexes for sale located on Fiske Blvd. Good Cash flow, 10+% CAP per owner stated income/expenses. Units are 2 bedrooms. The 2 other duplexes are contiguous at addresses 985 and 993. Please have buyer review the attached APOD before setting up a showing. Need 24 hour notice and proof of funds or qualification to show.

Key facts

• Spacious backyard
• Oversized lot
• Steady rental income

Tags

• NEW ROOF
• DECKING
• OVERSIZED LOT
• SPACIOUS BACKYARD
• STEADY RENTAL INCOME
• MAJOR UPGRADE

Property features AI

Finance

• Other: Property type: Residential Income; Property sub type: Duplex; Zoning: RES; Total acreage: less than 1/4 acre (approx. 0.22 acres)
• Financial info: Annual net income reported: $22,000; Pro forma income for unit type: $2,200; Listed unit rent noted as $1,100 per unit
• HOA & community: No HOA indicated; Pets are allowed

Exterior

• Parking: Has a 1-space carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Duplex (residential income property); One story
• Construction: Stucco exterior; Built-up roof; Slab foundation; Two total buildings on the parcel
• Exterior features: Asphalt road access; No waterfront or water access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Two total bedrooms; Each unit is a 1-bedroom (both units occupied)
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Ductless heating; Wall or window cooling units
• Interior features: Range, Refrigerator
• Laundry & utility: No laundry features (none listed)

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/2.0-bath units multifamily listed at $214k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive. Per door: $735/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $214k).
• Recommended offer: $211k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#81 in FL, #1,315 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A, commute A-; Watch: 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: Endeavour Elementary School (math 15% / reading 20%, grade F, #2,117 of 2,144 statewide, top 99%, 717 students, 72% FRL); Ronald Mcnair Magnet Middle School (math 58% / reading 50%, grade B-, #196 of 571 statewide, top 36%, 364 students, 58% FRL); Rockledge Senior High School (math 27% / reading 49%, grade F, #328 of 667 statewide, top 50%, 1,558 students, 50% FRL) — zoned schools average 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% 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 flat; 321 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $1k of loan paydown is wiped out by about $6k 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 + 0.1% rent growth), your $60k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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 $100k; list at $214k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,790 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.69% ✓
• Cap rate: 14.53%
• Cash-on-cash: 29.43%
• DSCR: 2.31
• GRM: 4.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.81×
• Total profit: $48,715
• Equity at exit: $31,908

10-year hold

• IRR: 26.9%
• Equity multiple: 3.06×
• Total profit: $123,433
• Equity at exit: $18,503

Cash invested: $59,920 (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 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 321
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,620 medium
• Mortgage (P&I): −$1,122
• Tax from tax record: −$179 /mo · $2,148/yr
• Insurance: −$89
• HOA: −$0
• Vacancy / Maint / Mgmt: −$760
• Net cashflow: $1,469

Break-even live

Break-even rent $1,760

Max offer price $214,000

Occupancy floor 54%

Sensitivity live

Price	-10% $1,591	-5% $1,530	+0% $1,469	+5% $1,409	+10% $1,348
Rent	-10% $1,183	-5% $1,326	+0% $1,469	+5% $1,612	+10% $1,755
Rate	-1.0pp $1,577	-0.5pp $1,524	base $1,469	+0.5pp $1,414	+1.0pp $1,358

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$3,620
Total (2 units)			$3,620

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: $53,500
• Closing costs: $6,420
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1105 Santa Rosa Dr Rockledge, FL	3.0	2.0	1096	$2,000	$1.82	25d	1	0.04mi
616 S Kentucky Ave Cocoa, FL	3.0	1.0	960	$1,600	$1.67	21d	1	0.32mi
801 Washington St Unit A Cocoa, FL	3.0	1.5	1000	$1,760	$1.76	25d	1	0.52mi
295 Royal Tern CIR Rockledge, FL	1.0–3.0	1.0–2.0	1020	$2,467	$2.42	16d	33	0.84mi
1515 Peachtree St Cocoa, FL	3.0	2.0	1056	$1,475	$1.40	25d	1	1.00mi
27 Seminole Dr Rockledge, FL	3.0	1.0	714	$1,750	$2.45	25d	1	1.34mi
256 Barton Blvd Rockledge, FL	3.0	1.0–2.0	1012	$2,115	$2.09	16d	23	1.38mi
1616 Terrace St Cocoa, FL	3.0	2.0	850	$1,600	$1.88	25d	1	1.44mi
412 Clarence Rowe Ave Rockledge, FL	3.0	1.0	960	$1,600	$1.67	25d	1	1.46mi

Listing history 14 events

1. 2026-05-13
   status Pending
2. 2026-04-24
   listed $214,000 Active
3. 2026-02-16
   status Pending
4. 2026-02-15
   historical
5. 2026-02-11
   listed $214,000 Active
6. 2025-07-24
   historical $1,100
7. 2025-06-18
   listed $1,100
8. 2024-05-30
   historical $1,100
9. 2024-04-23
   listed $1,100
10. 2017-11-07
    historical 333-char remark

    Show marketing remark (333 chars)

    One of Three duplexes for sale located on Fiske Blvd. Good Cash flow, 10+% CAP per owner stated income/expenses. Units are 2 bedrooms. The 2 other duplexes are contiguous at addresses 985 and 993. Please have buyer review the attached APOD before setting up a showing. Need 24 hour notice and proof of funds or qualification to show.

11. 2015-02-17
    listed $73,900 333-char remark

    Show marketing remark (333 chars)

    One of Three duplexes for sale located on Fiske Blvd. Good Cash flow, 10+% CAP per owner stated income/expenses. Units are 2 bedrooms. The 2 other duplexes are contiguous at addresses 985 and 993. Please have buyer review the attached APOD before setting up a showing. Need 24 hour notice and proof of funds or qualification to show.

12. 2003-12-16
    soldstatus $100,000
13. 1995-10-03
    soldstatus $18,000
14. 1982-02-01
    soldstatus $65,500

ⓘ 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: $2,148 · $179/mo
• Projected year-2 tax: $2,148 · $179/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 19 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: $43,440
• − Mortgage interest: −$11,987
• − Property taxes: −$2,148
• − Insurance: −$1,070
• − Repairs & maintenance: −$3,475
• − Management: −$3,475
• − Depreciation: −$6,225
• Taxable income: $15,059
• Est. tax owed @ 24.0%: −$3,614
• After-tax cash flow: $14,019/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 — Rockledge

• Score: 81/100
• State rank: #81
• US rank: #1315

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockledge, FL
• County: Brevard County · 602,871 people
• City population: 41,008
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

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 (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 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: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• 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

+226.7% since first listed

14 events — show timeline

• 2026-05-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listed $214,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-11 Listed $214,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-24 Rental Removed $1,100 STELLARMLS
• 2025-06-18 Listed for Rent $1,100 STELLARMLS
• 2024-05-30 Rental Removed $1,100 STELLARMLS
• 2024-04-23 Listed for Rent $1,100 STELLARMLS
• 2017-11-07 Listing Removed — SCMLS
• 2015-02-17 Listed $73,900 SCMLS
• 2003-12-16 Sold (Public Records) $100,000 Public Records
• 1995-10-03 Sold (Public Records) $18,000 Public Records
• 1982-02-01 Sold (Public Records) $65,500 Public Records

Property tax history

+10.4%/yr

Latest (2025): $2,148 · +4.9% YoY. Source: county tax records.