1056 Wood Ct NE · Palm Bay, FL 32907

$129,900

2 bd · 2.0 ba · 1,127 sqft · Manufactured public records · 19 Days on market

Built 1975 4,792 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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

REDUCED AND READY FOR NEW OWNERS!!!!!!!!!!!!!!!!!!!!!DOUBLE WIDE HOME WITH 2 BEDROOMS AND 2 FULL BATHS. WALK IN CLOSETS. DINING ROOM HAS BUILT IN STORAGE. LARGE LIVING ROOM AREA. KITCHEN WITH LOTS OF STORAGE AND EAT IN AREA. SCREENED PORCH . SHOWS GOOD AND AVAILABLE NOW.

Key facts

• Open floor plan
• Lots of closets
• Florida room

Tags

• FLORIDA ROOM
• WALK IN SHOWER
• OPEN FLOOR PLAN
• LOTS OF CLOSETS

Property features AI

Finance

• HOA & community: Senior community

Exterior

• Parking: Other parking
• Security: Gated with guard
• Utilities: Public sewer; Cable connected; Sewer connected; Water available
• Home design: Manufactured home; One level; Faces northwest
• Construction: Aluminum siding; Other roof
• Exterior features: Corner lot; Cul-de-sac; Gated community with guard

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Breakfast bar; Ceiling fan(s); Pantry
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $509 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% 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: Lockmar Elementary School (math 45% / reading 53%, grade D, #1,134 of 2,144 statewide, top 54%, 583 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% 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 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 55% district-wide (-15 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; 739 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• This rent runs 30% of the median local income ($75k/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 $898 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.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y 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 $70k; list at $130k implies a 86% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.47% ✓
• Cap rate: 11.00%
• Cash-on-cash: 16.80%
• DSCR: 1.75
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.21×
• Total profit: $7,586
• Equity at exit: $19,369

10-year hold

• IRR: 12.9%
• Equity multiple: 1.92×
• Total profit: $33,425
• Equity at exit: $11,231

Cash invested: $36,372 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,906 high
• Mortgage (P&I): −$681
• Tax from tax record: −$261 /mo · $3,130/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $509

Break-even live

Break-even rent $1,261

Max offer price $129,900

Occupancy floor 68%

Sensitivity live

Price	-10% $583	-5% $546	+0% $509	+5% $472	+10% $436
Rent	-10% $359	-5% $434	+0% $509	+5% $585	+10% $660
Rate	-1.0pp $575	-0.5pp $542	base $509	+0.5pp $476	+1.0pp $441

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	24d	1	0.32mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	24d	1	0.46mi
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	24d	1	0.47mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	20d	1	0.53mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	15d	17	0.64mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	24d	1	0.75mi
1555 Omega St NE Palm Bay, FL	2.0	2.0	1176	$1,795	$1.53	24d	1	1.02mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	24d	1	1.14mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$1,702	$1.62	15d	30	1.16mi
1706 Apache St NE Palm Bay, FL	3.0	2.0	1395	$1,800	$1.29	24d	1	1.20mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	24d	1	1.37mi
1625 Par St NE Unit 1203 Palm Bay, FL	3.0	2.0	1208	$2,075	$1.72	24d	1	1.41mi
1625 Par St NE Unit 1205 Palm Bay, FL	3.0	2.0	1208	$2,300	$1.90	24d	1	1.41mi
1635 Par St NE Unit 2203 Palm Bay, FL	3.0	2.0	1208	$2,300	$1.90	24d	1	1.41mi
1635 Par St NE Unit 2103 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	24d	1	1.41mi
1099 Dania Cir NE Palm Bay, FL	3.0	2.0	1314	$2,300	$1.75	24d	1	1.42mi
1605 Par St NE Unit 3102 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	24d	1	1.43mi
1605 Par St NE Unit 3202 Palm Bay, FL	3.0	2.0	1208	$2,300	$1.90	24d	1	1.43mi
1605 Par St NE Unit 3204 Palm Bay, FL	3.0	2.0	1208	$2,000	$1.66	24d	1	1.43mi
2181 Agora Cir SE Unit 206 Palm Bay, FL	2.0	1.0	850	$1,395	$1.64	24d	1	1.43mi
1625 Par St NE Unit 1206 Palm Bay, FL	3.0	2.0	1208	$2,050	$1.70	24d	1	1.45mi
1625 Par St NE Unit 1104 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	24d	1	1.45mi
1625 Par St NE Unit 1107 Palm Bay, FL	2.0	2.0	1025	$1,875	$1.83	24d	1	1.45mi
1625 Par St NE Unit 1207 Palm Bay, FL	3.0	2.0	1208	$2,025	$1.68	24d	1	1.45mi

Listing history 16 events

1. 2026-06-18
   days on market $129,900 Active 19 DOM
2. 2026-06-17
   days on market $129,900 Active 18 DOM
3. 2026-06-16
   days on market $129,900 Active 17 DOM
4. 2026-06-15
   days on market $129,900 Active 16 DOM
5. 2026-06-14
   days on market $129,900 Active 14 DOM
6. 2026-06-10
   days on market $129,900 Active 11 DOM
7. 2026-06-08
   days on market $129,900 Active 9 DOM
8. 2026-06-07
   days on market $129,900 Active 8 DOM
9. 2026-06-05
   remarks 215-char remark
10. 2026-06-05
    days on market $129,900 Active 5 DOM
11. 2026-06-03
    days on market $129,900 Active 4 DOM
12. 2026-06-02
    days on market $129,900 Active 3 DOM
13. 2026-06-01
    days on market $129,900 Active 2 DOM
14. 2026-05-31
    remarks 214-char remark
15. 2026-05-31
    remarks 184-char remark
16. 2026-05-31
    listed $129,900 Active 1 DOM

ⓘ 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: $3,130 · $261/mo
• Projected year-2 tax: $3,130 · $261/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $22,867
• − Mortgage interest: −$7,276
• − Property taxes: −$3,130
• − Insurance: −$650
• − Repairs & maintenance: −$1,829
• − Management: −$1,829
• − Depreciation: −$3,779
• Taxable income: $4,374
• Est. tax owed @ 24.0%: −$1,050
• After-tax cash flow: $5,061/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+224.8% since first listed

7 events — show timeline

• 2026-05-30 Listed $129,900 SCMLS
• 2019-06-05 Sold (Public Records) $70,000 Public Records
• 2019-06-04 Sold (MLS) $70,000 SCMLS
• 2018-10-10 Listed $73,900 SCMLS
• 2011-04-28 Sold (MLS) $35,000 SCMLS
• 2011-02-23 Listed $39,000 SCMLS
• 1995-02-03 Sold (Public Records) $40,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $3,130 · +11.2% YoY. Source: county tax records.