7669 Chasta Rd · Micco, FL 32976

$199,900

3 bd · 2.0 ba · 1,932 sqft · Manufactured public records · 4 Days on market

Built 1998 5,663 sqft lot $75/mo HOA · 4% of rent

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Why this score? — see what drove the C- 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 +21.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.0/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JAW DROPPING! Thats what we call this HUGE triple-wide home. Extra-wide living areas (27-foot!) plus third section just for the GIANT kitchen. Split 3-bedroom plan w/ drywall living areas & BRs, cathedral ceilings, eat-in island kitchen w/ sliding glass doors to raised glass porch. Interior laundry room, of course. Master suite w/ BIG walk-in closet, spa-like private bath w/ garden tub & shower. Furniture available! Sprinkler sys, newer roof & A/C, protective storm panels. Just cant say enough! '||chr(10)||'Addendum - 27 x 60 plus 13 x 23 triple-wide split plan Palm Harbor with 3BR/2BA

Key facts

• Clubhouse
• Island kitchen
• Florida room

Tags

• FLORIDA ROOM
• CARPORT
• ISLAND KITCHEN
• VINYL SIDING
• CLUBHOUSE
• POOL

Property features AI

Finance

• HOA & community: Has homeowners association (Snug Harbor Condo Assos); Monthly association fee of $75; Community amenities: clubhouse, tennis courts, pickleball, basketball court, shuffleboard court, playground; Senior community

Exterior

• Parking: Attached garage; 2-space carport; Covered parking
• Utilities: Public sewer; Electricity available; Water available; Cable available
• Home design: Manufactured home; One level; Faces west
• Construction: Vinyl siding; Shingle roof
• Exterior features: Glass-enclosed porch; Porch; In-ground private pool; County road frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Kitchen island
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Kitchen island; Split bedroom layout; Enclosed porch
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).

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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 16y ago; this cycle's ask is 905% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $110k; list at $200k implies a 82% 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; moderate 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 $199,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.00% ✓
• Cap rate: 8.03%
• Cash-on-cash: 6.21%
• DSCR: 1.28
• GRM: 8.3

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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-13,955
• Equity at exit: $29,806

10-year hold

• IRR: 2.9%
• Equity multiple: 1.21×
• Total profit: $11,524
• Equity at exit: $17,284

Cash invested: $55,972 (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: 8.3×

Monthly cashflow live

• Estimated rent: $2,005 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$83
• HOA: −$75
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $290

Break-even live

Break-even rent $1,638

Max offer price $199,900

Occupancy floor 81%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7606 Cedar Bark Rd Sebastian, FL	2.0	2.0	1273	$1,800	$1.41	23d	1	0.02mi
7419 Tourmaline Dr Unit Annual Grant-Valkaria, FL	3.0	2.0	1676	$2,200	$1.31	23d	1	0.38mi
7349 Tourmaline Dr Grant, FL	3.0	2.0	1735	$2,200	$1.27	23d	1	0.45mi
7181 Blue Shore Rd Grant, FL	3.0	2.0	1598	$1,995	$1.25	23d	1	0.58mi
621 Hyacinth Cir Sebastian, FL	2.0	2.0	1324	$1,850	$1.40	23d	1	0.61mi
805 Beech Ct Sebastian, FL	2.0	2.0	1556	$1,995	$1.28	23d	1	0.74mi
904 Red Bud Rd Sebastian, FL	3.0	2.0	1278	$1,500	$1.17	23d	1	0.75mi
6505 Topaz Dr Grant, FL	4.0	2.0	1830	$2,500	$1.37	23d	1	0.80mi
5072 Alabaster Dr Grant, FL	4.0	2.0	2319	$2,750	$1.19	14d	1	0.85mi
5022 Alabaster Dr Grant, FL	4.0	2.0	2347	$2,550	$1.09	23d	1	0.90mi
830 Lychee Dr Sebastian, FL	2.0	2.0	1269	$2,000	$1.58	23d	1	1.10mi
702 Lark Dr Sebastian, FL	3.0	2.0	1296	$1,775	$1.37	23d	1	1.12mi
8520 US Highway 1 Unit D5 Sebastian, FL	2.0	2.0	1533	$1,250	$0.82	14d	1	1.27mi
1112 Pocatella Dr Sebastian, FL	2.0	2.0	1370	$1,900	$1.39	23d	1	1.40mi

HOA detail

• Monthly dues: $75 · $900/yr

Listing history 9 events

1. 2026-05-01
   status Pending
2. 2026-04-27
   price $199,900
3. 2026-04-27
   listed $19,900 Active
4. 2016-08-16
   historical 610-char remark

   Show marketing remark (610 chars)

   JAW DROPPING! Thats what we call this HUGE triple-wide home. Extra-wide living areas (27-foot!) plus third section just for the GIANT kitchen. Split 3-bedroom plan w/ drywall living areas & BRs, cathedral ceilings, eat-in island kitchen w/ sliding glass doors to raised glass porch. Interior laundry room, of course. Master suite w/ BIG walk-in closet, spa-like private bath w/ garden tub & shower. Furniture available! Sprinkler sys, newer roof & A/C, protective storm panels. Just cant say enough! '||chr(10)||'Addendum - 27 x 60 plus 13 x 23 triple-wide split plan Palm Harbor with 3BR/2BA

5. 2011-05-26
   soldstatus $110,000
6. 2010-04-28
   listed $142,000 610-char remark

   Show marketing remark (610 chars)

   JAW DROPPING! Thats what we call this HUGE triple-wide home. Extra-wide living areas (27-foot!) plus third section just for the GIANT kitchen. Split 3-bedroom plan w/ drywall living areas & BRs, cathedral ceilings, eat-in island kitchen w/ sliding glass doors to raised glass porch. Interior laundry room, of course. Master suite w/ BIG walk-in closet, spa-like private bath w/ garden tub & shower. Furniture available! Sprinkler sys, newer roof & A/C, protective storm panels. Just cant say enough! '||chr(10)||'Addendum - 27 x 60 plus 13 x 23 triple-wide split plan Palm Harbor with 3BR/2BA

7. 1998-05-27
   soldstatus $10,000
8. 1993-12-17
   soldstatus $10,000
9. 1988-02-01
   soldstatus $1,356,000

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,659 · $138/mo
• Expected delta: +$611/yr (+$51/mo · 58.3%)

ⓘ 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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $24,057
• − Mortgage interest: −$11,198
• − Property taxes: −$1,048
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,925
• − Management: −$1,925
• − HOA: −$900
• − Depreciation: −$5,815
• Taxable income: $248
• Est. tax owed @ 24.0%: −$60
• After-tax cash flow: $3,419/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

-85.3% since first listed

9 events — show timeline

• 2026-05-01 Pending — SCMLS
• 2026-04-27 Price Changed $199,900 SCMLS
• 2026-04-27 Listed $19,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-05-26 Sold (Public Records) $110,000 Public Records
• 2010-04-28 Listed $142,000 SCMLS
• 1998-05-27 Sold (Public Records) $10,000 Public Records
• 1993-12-17 Sold (Public Records) $10,000 Public Records
• 1988-02-01 Sold (Public Records) $1,356,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,048 · +9.7% YoY. Source: county tax records.