8644 N Atlantic Ave · Cape Canaveral, FL 32920

$215,000

3 bd · 2.0 ba · 1,292 sqft · Townhouse public records · 9 Days on market

Built 1988 2,614 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 +27.9/30.0
• DSCR +9.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors! Excellent opportunity in the heart of Cape Canaveral! This private 3-story corner-unit townhome features a unique layout with 2BR/2BA, a 2-car garage, and NO HOA. This property has a fantastic layout with endless potential to customize and add value. The main living level includes the living room, kitchen, laundry area, full bath, and guest bedroom with sliders leading to a private patio deck. Upstairs, the loft-style primary suite features a full bath and private balcony access. Downstairs, the oversized garage level includes an additional room, currently counted in the appraiser square footage, that could potentially be converted into a 3rd bedroom, office, gym, or

Key facts

• Private patio deck
• Additional room
• 2 garage spots

Tags

• PRIVATE PATIO DECK
• LOFT-STYLE PRIMARY SUITE
• PRIVATE BALCONY ACCESS
• OVERSIZED GARAGE LEVEL
• ADDITIONAL ROOM

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Townhouse; Multi/split levels; Property faces west; Attached property
• Construction: Block, concrete, and stucco construction; Shingle roof; Pets allowed
• Exterior features: Balcony; Deck; Storm shutters; Corner lot with few trees; City street frontage; Asphalt/paved road

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Primary bath with tub and shower; Split bedroom floorplan; Vaulted ceilings
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry on upper level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $215k.

Deal economics

• At list price, monthly cash flow is $660 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).

Location & tenants

• Location reads 84/100 on livability (#34 in FL, #677 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing 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: Cape View Elementary School (math 62% / reading 62%, grade B, #608 of 2,144 statewide, top 29%, 305 students, 61% FRL); Cocoa Beach Junior/Senior High School (math 65% / reading 66%, grade B, #75 of 667 statewide, top 11%, 982 students, 30% FRL) — zoned schools at 45% FRL track the district average.
• Market conditions: Rents rising fast (+4.0%/yr); 219 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 45% 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 $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 + 4.0% rent growth), your $60k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $95k; list at $215k implies a 126% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 1.16% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.16%
• DSCR: 1.59
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.02% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.16×
• Total profit: $9,730
• Equity at exit: $32,057

10-year hold

• IRR: 14.5%
• Equity multiple: 2.22×
• Total profit: $73,158
• Equity at exit: $18,589

Cash invested: $60,200 (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 32920

• Home prices YoY: -29.5%
• Rents YoY: 4.0%
• Active inventory: 219
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,491 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$91 /mo · $1,088/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $660

Break-even live

Break-even rent $1,655

Max offer price $215,000

Occupancy floor 68%

Sensitivity live

Price	-10% $782	-5% $721	+0% $660	+5% $599	+10% $539
Rent	-10% $464	-5% $562	+0% $660	+5% $759	+10% $857
Rate	-1.0pp $769	-0.5pp $715	base $660	+0.5pp $605	+1.0pp $548

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8800 Sea Shell Ln Cape Canaveral, FL	3.0	2.0	1025	$3,200	$3.12	24d	1	0.18mi
8515 N Atlantic Ave Unit 27 Cape Canaveral, FL	2.0	2.0	1070	$1,550	$1.45	24d	1	0.21mi
105 Garden Beach Ln Unit 1044317P Cape Canaveral, FL	2.0	2.0	1184	$2,986	$2.52	15d	1	0.26mi
213 Canaveral Beach Blvd Cape Canaveral, FL	2.0	1.5	1200	$1,850	$1.54	20d	1	0.26mi
217 Canaveral Beach Blvd Cape Canaveral, FL	2.0	1.5	1240	$1,850	$1.49	24d	1	0.26mi
262 Canaveral Beach Blvd Unit 1464867P Cape Canaveral, FL	2.0	1.5	968	$2,245	$2.32	15d	1	0.28mi
123 Seaport Blvd Unit T10 Cape Canaveral, FL	2.0	2.5	1120	$2,300	$2.05	24d	1	0.29mi
161 Portside Ave #204 Cape Canaveral, FL	2.0	2.0	1211	$1,900	$1.57	24d	1	0.30mi
236 Chandler St Unit C Cape Canaveral, FL	2.0	1.5	992	$1,900	$1.92	24d	1	0.31mi
171 Portside Ave #105 Cape Canaveral, FL	3.0	2.0	1562	$2,000	$1.28	15d	1	0.32mi
150 Portside Ave #201 Cape Canaveral, FL	3.0	2.0	1562	$2,200	$1.41	24d	1	0.33mi
180 Portside Ave #102 Cape Canaveral, FL	2.0	2.0	1211	$1,700	$1.40	15d	1	0.33mi
217 Ocean Park Ln Unit V49 Cape Canaveral, FL	2.0	2.0	1014	$2,000	$1.97	20d	1	0.34mi
299 Chandler St Cape Canaveral, FL	2.0	2.0	1140	$2,400	$2.11	24d	1	0.38mi
299 Chandler St Unit F Cape Canaveral, FL	2.0	2.5	1148	$2,100	$1.83	24d	1	0.38mi
8761 Ilex Ct Cape Canaveral, FL	3.0	2.5	1416	$4,000	$2.82	24d	1	0.38mi
401 Seaport Blvd Unit T144 Cape Canaveral, FL	3.0	2.5	1354	$3,000	$2.22	15d	1	0.39mi
412 Beach Park Ln Unit 167 Cape Canaveral, FL	2.0	2.0	1014	$2,000	$1.97	24d	1	0.41mi
8717 Jasmine Ct Cape Canaveral, FL	2.0	2.0	1178	$2,950	$2.50	24d	1	0.43mi
419 Ocean Park Ln Unit V146 Cape Canaveral, FL	2.0	2.0	1014	$2,295	$2.26	15d	1	0.43mi
215 Cherie Down Ln Unit 1044464P Cape Canaveral, FL	3.0	2.5	1593	$3,931	$2.47	15d	1	0.44mi
8754 Honeysuckle Way Unit 1543006P Cape Canaveral, FL	3.0	2.0	1108	$4,170	$3.76	15d	1	0.44mi
8751 Live Oak Ct Cape Canaveral, FL	2.0	2.0	1178	$3,500	$2.97	24d	1	0.46mi
8309 Rosalind Ave Cape Canaveral, FL	3.0	2.5	1280	$3,000	$2.34	24d	1	0.47mi
125 Adams Ave Cape Canaveral, FL	2.0	2.0	1340	$2,800	$2.09	24d	1	0.47mi
237 Cherie Down Ln Unit 1 Cape Canaveral, FL	2.0	2.5	960	$2,150	$2.24	24d	1	0.48mi
111 Columbia Dr Cape Canaveral, FL	2.0	2.0	936	$2,100	$2.24	24d	1	0.48mi
441 Ocean Park Ln #157 Cape Canaveral, FL	2.0	2.0	1014	$1,900	$1.87	24d	1	0.48mi
504 Seaport Blvd #162 Cape Canaveral, FL	2.0	2.0	1120	$2,000	$1.79	24d	1	0.49mi
8718 Bay Ct Cape Canaveral, FL	3.0	2.5	1416	$2,600	$1.84	24d	1	0.49mi
221 Columbia Dr #133 Cape Canaveral, FL	3.0	2.0	1200	$1,700	$1.42	24d	1	0.52mi
8700 Ridgewood Ave Unit B204 Cape Canaveral, FL	3.0	2.0	1817	$5,750	$3.16	24d	1	0.54mi
8921 Lake Dr #504 Cape Canaveral, FL	2.0	2.0	1828	$2,300	$1.26	24d	1	0.55mi
8494 Ridgewood Ave #4405 Cape Canaveral, FL	2.0	2.0	1316	$2,600	$1.98	24d	1	0.55mi
8494 Ridgewood Ave #4206 Cape Canaveral, FL	2.0	2.0	1316	$2,500	$1.90	24d	1	0.55mi
120 Madison Ave Cape Canaveral, FL	2.0	2.5	1080	$2,800	$2.59	24d	1	0.55mi
8700 Ridgewood Ave Unit A410 Cape Canaveral, FL	2.0	2.0	1621	$2,500	$1.54	24d	1	0.56mi
8500 Ridgewood Ave #303 Cape Canaveral, FL	2.0	2.0	1222	$3,200	$2.62	24d	1	0.56mi
8500 Ridgewood Ave #406 Cape Canaveral, FL	2.0	2.0	1316	$3,200	$2.43	24d	1	0.56mi
8500 Ridgewood Ave #304 Cape Canaveral, FL	2.0	2.0	1222	$3,300	$2.70	24d	1	0.56mi

Listing history 7 events

1. 2026-06-18
   days on market $215,000 Active 9 DOM
2. 2026-06-17
   days on market $215,000 Active 8 DOM
3. 2026-06-16
   days on market $215,000 Active 7 DOM
4. 2026-06-15
   status $215,000 Active 6 DOM
5. 2026-05-20
   listed $215,000 Active
6. 2000-04-19
   soldstatus $95,000
7. 1987-09-01
   soldstatus $75,000

ⓘ 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: $1,088 · $91/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$696/yr (+$58/mo · 64.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $29,895
• − Mortgage interest: −$12,043
• − Property taxes: −$1,088
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,392
• − Management: −$2,392
• − Depreciation: −$6,255
• Taxable income: $4,651
• Est. tax owed @ 24.0%: −$1,116
• After-tax cash flow: $6,808/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 — Cape Canaveral

• Score: 84/100
• State rank: #34
• US rank: #677

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cape Canaveral, FL
• County: Brevard County · 602,871 people
• City population: 10,005
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 10,005
• Household income: $66,955
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 477.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6%
• Common ancestry: Romanian 5% Lithuanian 5% Serbian 2%
• Foreign-born: 6% · Canada
• Languages at home: 93% English-only · Spanish 4% Russian/Polish/Slavic 1% German/W. Germanic 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: ▼ -125.71%
• Current HPI: 300.9707
• Rent YoY: ▲ 4.02%
• 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

+186.7% since first listed

3 events — show timeline

• 2026-05-20 Listed $215,000 SCMLS
• 2000-04-19 Sold (Public Records) $95,000 Public Records
• 1987-09-01 Sold (Public Records) $75,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,088 · +3.0% YoY. Source: county tax records.