1854 Mango St NE · Palm Bay, FL 32905

$150,000

2 bd · 2.0 ba · 960 sqft · Manufactured public records · 82 Days on market

Built 2005 4,792 sqft lot $45/mo HOA · 3% 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 +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.6/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

Welcome home to this fully furnished, manufactured home in the lovely 55+ community of Palm Bay Colony. Walking in you can see that light floods the open space. Kitchen has plenty of beautiful wood cabinets. Living Room is spacious with vaulted ceiling and an amazing fireplace. Laminate floor throughout the living space. Bedrooms are carpeted. Large master bedroom with bath. Walk in shower and great counter space. Hall bath has full bathtub/shower. Yard is fully fenced. Great backyard oasis for morning coffee or evening cocktail. Home has shed for extra storage. Skirting is cement stone. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1500 value) with a beautiful clubhouse, heated pool, tennis courts, and shuffleboard courts. Close to restaurants and shops. Just 12 minutes to the beach! 2018 AC and HWH.

Key facts

• Tennis
• Fitness center
• Pickleball

Tags

• HEATED POOL
• PICKLEBALL
• SHUFFLEBOARD
• TENNIS
• FITNESS CENTER
• OWN THE LAND

Property features AI

Finance

• HOA & community: Part of Palm Bay Colony association; Monthly association fee of $45 (includes grounds maintenance); Community amenities: clubhouse, fitness center, tennis courts, pickleball, shuffleboard; Senior community

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Water connected; Electricity connected; Cable available; Natural gas not available; Sewer connected
• Home design: Manufactured home; One level; Entry level: 1; East-facing
• Construction: Frame construction with vinyl siding; Shingle roof
• Exterior features: Storm shutters; Covered, glass-enclosed patio/porch; Patio; Porch and side porch; Back yard with full chain-link fence; Shed(s)

Interior

• Kitchen: Dishwasher; Electric range and oven; Microwave; Refrigerator; Breakfast bar; Pantry; Eat-in kitchen / open floorplan
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Ceiling fans; Eat-in kitchen; Open floorplan; Pantry; Primary bathroom with shower (no tub); Vaulted ceilings; Wood-burning fireplace
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#366 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, health & safety 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.
• Zoned schools: Palm Bay Elementary School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 586 students, 74% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 55% district-wide (-22 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 324 active listings in the ZIP; 17 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).
• This rent runs 34% of the median local income ($56k/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 $1k of loan paydown is wiped out by about $4k 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 82 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 17y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $108k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.06% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.79%
• DSCR: 1.26
• GRM: 7.8

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: -10.8%
• Equity multiple: 0.62×
• Total profit: $-16,024
• Equity at exit: $22,365

10-year hold

• IRR: -6.6%
• Equity multiple: 0.64×
• Total profit: $-15,220
• Equity at exit: $12,969

Cash invested: $42,000 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 324
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,593 high
• Mortgage (P&I): −$787
• Tax from tax record: −$162 /mo · $1,940/yr
• Insurance: −$62
• HOA: −$45
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $203

Break-even live

Break-even rent $1,336

Max offer price $150,000

Occupancy floor 82%

Sensitivity live

Price	-10% $288	-5% $245	+0% $203	+5% $160	+10% $118
Rent	-10% $77	-5% $140	+0% $203	+5% $266	+10% $329
Rate	-1.0pp $278	-0.5pp $241	base $203	+0.5pp $164	+1.0pp $124

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2399 Coconut Palm Dr NE Palm Bay, FL	2.0	2.0	968	$1,795	$1.85	25d	1	0.33mi
2361 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1106	$1,902	$1.72	15d	47	0.45mi
2331 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1094	$1,736	$1.59	15d	33	0.49mi
1700 Woodlake Dr NE Palm Bay, FL	1.0–2.0	1.0–2.0	875	$1,500	$1.71	25d	12	0.54mi
2522 Amberly Rd NE Palm Bay, FL	2.0	1.0	672	$1,300	$1.93	25d	1	0.54mi
2155 Robert J Conlan Blvd NE Palm Bay, FL	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	15d	20	0.65mi
1630 Bottlebrush Dr Palm Bay, FL	2.0	1.0	600	$1,495	$2.49	25d	1	0.66mi
4001 Pinewood Dr NE Palm Bay, FL	2.0	2.0	1036	$1,269	$1.22	25d	5	0.80mi
1880 Mogra Cir NE Palm Bay, FL	2.0–3.0	2.0	1090	$1,382	$1.27	16d	6	0.87mi
3016 Pinewood Dr NE Palm Bay, FL	1.0–2.0	1.0	800	$1,103	$1.38	25d	1	0.88mi
4315 S Babcock St Melbourne, FL	1.0–3.0	1.0–2.0	996	$1,738	$1.74	15d	15	1.07mi
2643B Kingswood Dr NE Palm Bay, FL	3.0	1.0	1000	$1,650	$1.65	20d	1	1.08mi
1635 Monterey Dr NE Palm Bay, FL	1.0	1.0	581	$1,276	$2.20	15d	22	1.11mi
3595 Misty Oak Dr Melbourne, FL	1.0–2.0	1.0–2.0	747	$1,550	$2.07	15d	6	1.38mi
1000 Palm Place Dr NE Palm Bay, FL	1.0–2.0	1.0–2.0	884	$2,185	$2.47	22d	8	1.46mi
3008 Hanson Ave Melbourne, FL	1.0	1.0	840	$1,125	$1.34	25d	1	1.47mi
3522 D'Avinci Way Melbourne, FL	2.0	2.0	875	$1,625	$1.86	25d	1	1.50mi

HOA detail

• Monthly dues: $45 · $540/yr
• Likely covers: pool

Listing history 23 events

1. 2026-05-12
   status Pending
2. 2026-05-08
   price $150,000
3. 2026-02-18
   listed $159,000 Active
4. 2025-09-19
   historical $1,650
5. 2025-09-16
   listed $1,650
6. 2025-09-11
   historical $1,650
7. 2025-09-09
   historical 984-char remark

   Show marketing remark (984 chars)

   Welcome home to this fully furnished, manufactured home in the lovely 55+ community of Palm Bay Colony. Walking in you can see that light floods the open space. Kitchen has plenty of beautiful wood cabinets. Living Room is spacious with vaulted ceiling and an amazing fireplace. Laminate floor throughout the living space. Bedrooms are carpeted. Large master bedroom with bath. Walk in shower and great counter space. Hall bath has full bathtub/shower. Yard is fully fenced. Great backyard oasis for morning coffee or evening cocktail. Home has shed for extra storage. Skirting is cement stone. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1500 value) with a beautiful clubhouse, heated pool, tennis courts, and shuffleboard courts. Close to restaurants and shops. Just 12 minutes to the beach! 2018 AC and HWH.

8. 2025-07-29
   price $1,650

   Show marketing remark (984 chars)

   Welcome home to this fully furnished, manufactured home in the lovely 55+ community of Palm Bay Colony. Walking in you can see that light floods the open space. Kitchen has plenty of beautiful wood cabinets. Living Room is spacious with vaulted ceiling and an amazing fireplace. Laminate floor throughout the living space. Bedrooms are carpeted. Large master bedroom with bath. Walk in shower and great counter space. Hall bath has full bathtub/shower. Yard is fully fenced. Great backyard oasis for morning coffee or evening cocktail. Home has shed for extra storage. Skirting is cement stone. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1500 value) with a beautiful clubhouse, heated pool, tennis courts, and shuffleboard courts. Close to restaurants and shops. Just 12 minutes to the beach! 2018 AC and HWH.

9. 2025-07-29
   listed $159,000 Active 984-char remark

   Show marketing remark (984 chars)

   Welcome home to this fully furnished, manufactured home in the lovely 55+ community of Palm Bay Colony. Walking in you can see that light floods the open space. Kitchen has plenty of beautiful wood cabinets. Living Room is spacious with vaulted ceiling and an amazing fireplace. Laminate floor throughout the living space. Bedrooms are carpeted. Large master bedroom with bath. Walk in shower and great counter space. Hall bath has full bathtub/shower. Yard is fully fenced. Great backyard oasis for morning coffee or evening cocktail. Home has shed for extra storage. Skirting is cement stone. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1500 value) with a beautiful clubhouse, heated pool, tennis courts, and shuffleboard courts. Close to restaurants and shops. Just 12 minutes to the beach! 2018 AC and HWH.

10. 2025-07-25
    price $1,700
11. 2025-07-24
    listed $1,625
12. 2018-08-10
    soldstatus $108,000
13. 2018-08-07
    soldstatus $108,000 782-char remark

    Show marketing remark (782 chars)

    Cozy Palm Harbor home with vaulted ceilings, ceiling fans throughout, with beautiful built-in wood burning fireplace and an open concept. This house can be completely secured during hurricane season with Bahama and Accordion Miami-Dade hurricane shutters. The skirting is cement StoneSkirt secured to the mobile home and the ground and a beautiful screened Florida Room with a storage shed. Home has a new Goodman 14 Seer AC, new hot water heater and new GE dishwasher. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1200 value) with a beautiful club house, heated pool, tennis courts, and shuffle board courts.

14. 2018-05-18
    listed $109,900 782-char remark

    Show marketing remark (782 chars)

    Cozy Palm Harbor home with vaulted ceilings, ceiling fans throughout, with beautiful built-in wood burning fireplace and an open concept. This house can be completely secured during hurricane season with Bahama and Accordion Miami-Dade hurricane shutters. The skirting is cement StoneSkirt secured to the mobile home and the ground and a beautiful screened Florida Room with a storage shed. Home has a new Goodman 14 Seer AC, new hot water heater and new GE dishwasher. Utilities are underground and sidewalks throughout the neighborhood. You have to see this home to appreciate its construction, location and community feel. With the home comes a transferable membership to the HOA (a $1200 value) with a beautiful club house, heated pool, tennis courts, and shuffle board courts.

15. 2016-08-16
    historical
16. 2016-08-16
    historical
17. 2016-08-16
    historical
18. 2010-03-04
    listed $85,900
19. 2009-12-11
    listed $99,900
20. 2009-10-21
    listed $124,900
21. 1995-10-26
    soldstatus $47,000
22. 1984-06-01
    soldstatus $45,000
23. 1980-11-01
    soldstatus $38,500

ⓘ 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: $1,940 · $162/mo
• Projected year-2 tax: $1,940 · $162/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 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: $19,117
• − Mortgage interest: −$8,402
• − Property taxes: −$1,940
• − Insurance: −$750
• − Repairs & maintenance: −$1,529
• − Management: −$1,529
• − HOA: −$540
• − Depreciation: −$4,364
• Taxable income: $63
• Est. tax owed @ 24.0%: −$15
• After-tax cash flow: $2,418/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 — Palm Bay

• Score: 72/100
• State rank: #366
• US rank: #6458

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Bay, FL
• County: Brevard County · 602,871 people
• City population: 132,211
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% 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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

+289.6% since first listed

23 events — show timeline

• 2026-05-12 Pending — SCMLS
• 2026-05-08 Price Changed $150,000 SCMLS
• 2026-02-18 Listed $159,000 SCMLS
• 2025-09-19 Rental Removed $1,650 APPFOLIO
• 2025-09-16 Listed for Rent $1,650 APPFOLIO
• 2025-09-11 Rental Removed $1,650 SCMLS
• 2025-09-09 Listing Removed — SCMLS
• 2025-07-29 Price Changed $1,650 SCMLS
• 2025-07-29 Listed $159,000 SCMLS
• 2025-07-25 Price Changed $1,700 SCMLS
• 2025-07-24 Listed for Rent $1,625 SCMLS
• 2018-08-10 Sold (Public Records) $108,000 Public Records
• 2018-08-07 Sold (MLS) $108,000 SCMLS
• 2018-05-18 Listed $109,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2010-03-04 Listed $85,900 SCMLS
• 2009-12-11 Listed $99,900 SCMLS
• 2009-10-21 Listed $124,900 SCMLS
• 1995-10-26 Sold (Public Records) $47,000 Public Records
• 1984-06-01 Sold (Public Records) $45,000 Public Records
• 1980-11-01 Sold (Public Records) $38,500 Public Records

Property tax history

+12.6%/yr

Latest (2025): $1,940 · -37.7% YoY. Source: county tax records.