417 Peace Ln · Melbourne Beach, FL 32951

$144,780

2 bd · 2.0 ba · 676 sqft · Manufactured public records · 43 Days on market

Built 2005 871 sqft lot $315/mo HOA · 14% of rent ↓ 12% since listing

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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 +29.1/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

Key facts

• Bright open layout
• Top rated schools
• Outdoor space

Tags

• BRIGHT OPEN LAYOUT
• ABUNDANT NATURAL LIGHT
• SPACIOUS LIVING AREAS
• OUTDOOR SPACE
• TOP RATED SCHOOLS
• HIGHLY DESIRABLE COMMUNITY

Property features AI

Finance

• Other: Partially furnished
• HOA & community: Association: A1A Condo Park Association; Monthly association fee; Association amenities include beach access, clubhouse, laundry, grounds maintenance, off-site management, park, RV/boat storage, shuffleboard court, storage

Exterior

• Parking: Attached carport (1 space); Additional parking; Covered parking; On-street parking; Parking lot; RV access / parking
• Security: Security lights
• Utilities: Public sewer; Water available and connected; Electricity available and connected; Cable available and connected; Thermostat (energy-efficient)
• Home design: Manufactured home; One story; Entry on level 1; North-facing
• Construction: Aluminum siding; Vinyl siding; Frame construction; Metal and shingle roof
• Exterior features: Dock; Tennis court(s); Storm shutters; Glass-enclosed patio/porch; Side porch; Few trees; Private road frontage; Asphalt / paved road

Interior

• Kitchen: Dishwasher; Electric cooktop; Microwave; Refrigerator
• Bedrooms: 2 bedrooms (primary downstairs)
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Breakfast bar; Breakfast nook / eat-in kitchen; Built-in features; Ceiling fan(s); Pantry; Primary bedroom on ground floor; Split bedroom layout; Smart thermostat
• Laundry & utility: In-unit laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $140k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#249 in FL, #3,935 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, employment B+; Watch: amenities F, commute F, cost of living 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: Gemini Elementary School (math 80% / reading 79%, grade A, #116 of 2,144 statewide, top 6%, 468 students, 20% FRL); Herbert C. Hoover Middle School (math 67% / reading 64%, grade A-, #95 of 571 statewide, top 17%, 506 students, 38% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL).
• Market conditions: 218 active listings in the ZIP; 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 $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 + 3.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

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 $140,436 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
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: 1.57% ✓
• Cap rate: 10.45%
• Cash-on-cash: 14.83%
• DSCR: 1.66
• GRM: 5.3

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: 5.5%
• Equity multiple: 1.21×
• Total profit: $8,663
• Equity at exit: $21,587

10-year hold

• IRR: 15.0%
• Equity multiple: 2.22×
• Total profit: $49,510
• Equity at exit: $12,518

Cash invested: $40,538 (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 32951

• Active inventory: 218
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,276 medium
• Mortgage (P&I): −$759
• Tax from tax record: −$163 /mo · $1,953/yr
• Insurance: −$60
• HOA: −$315
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $501

Break-even live

Break-even rent $1,642

Max offer price $144,780

Occupancy floor 73%

Sensitivity live

Price	-10% $583	-5% $542	+0% $501	+5% $460	+10% $419
Rent	-10% $321	-5% $411	+0% $501	+5% $591	+10% $681
Rate	-1.0pp $574	-0.5pp $538	base $501	+0.5pp $463	+1.0pp $425

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: $36,195
• Closing costs: $4,343
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $315 · $3,780/yr

Listing history 19 events

1. 2026-06-18
   days on market $144,780 Active 43 DOM
2. 2026-06-17
   days on market $144,780 Active 42 DOM
3. 2026-06-16
   days on market $144,780 Active 41 DOM
4. 2026-06-15
   days on market $144,780 Active 40 DOM
5. 2026-06-14
   pricedays on market $144,780 Active 38 DOM
6. 2026-06-10
   days on market $144,880 Active 35 DOM
7. 2026-06-08
   days on market $144,880 Active 33 DOM
8. 2026-06-07
   days on market $144,880 Active 32 DOM
9. 2026-06-05
   days on market $144,880 Active 29 DOM
10. 2026-06-03
    days on market $144,880 Active 28 DOM
11. 2026-06-02
    days on market $144,880 Active 27 DOM
12. 2026-06-01
    days on market $144,880 Active 26 DOM
13. 2026-05-31
    days on market $144,880 Active 25 DOM
14. 2026-05-31
    days on market $144,880 Active 24 DOM
15. 2026-05-06
    historical 852-char remark

    Show marketing remark (852 chars)

    Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

16. 2026-05-06
    listed $144,880 Active

    Show marketing remark (852 chars)

    Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

17. 2026-04-23
    price $164,380 852-char remark

    Show marketing remark (852 chars)

    Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

18. 2026-04-12
    price $164,680 852-char remark

    Show marketing remark (852 chars)

    Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

19. 2026-02-22
    listed $164,780 Active 852-char remark

    Show marketing remark (852 chars)

    Newer well maintained home offers the ideal blend of coastal living and everyday comfort in one of Melbourne Beach's most peaceful neighborhoods. This well-maintained home features a bright, open layout with abundant natural light, creating an inviting atmosphere from the moment you step inside. The spacious living areas flow seamlessly into the kitchen, making it perfect for gatherings or relaxed daily living. Each bedroom provides comfort and privacy, while the outdoor space delivers a quiet retreat to enjoy Florida's sunshine year-round. Located close to pristine beaches, the river, parks, dining, and top-rated schools, this property offers convenience and a relaxed lifestyle in a highly desirable community. Whether you're seeking a full-time residence or a coastal getaway, this home captures the charm and ease of Melbourne Beach living.

ⓘ 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: $1,953 · $163/mo
• Projected year-2 tax: $1,953 · $163/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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: $27,316
• − Mortgage interest: −$8,110
• − Property taxes: −$1,953
• − Insurance: −$724
• − Repairs & maintenance: −$2,185
• − Management: −$2,185
• − HOA: −$3,780
• − Depreciation: −$4,212
• Taxable income: $4,167
• Est. tax owed @ 24.0%: −$1,000
• After-tax cash flow: $5,012/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 — Melbourne Beach

• Score: 75/100
• State rank: #249
• US rank: #3935

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• City population: 11,299
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 11,299
• Household income: $98,420
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 196.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 6% Slovak 3% Lithuanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1% 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: ▼ -209.56%
• Current HPI: 379.9073
• Rent YoY: —
• 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

-12.1% since first listed

5 events — show timeline

• 2026-05-06 Listed $144,880 SCMLS
• 2026-05-06 Listing Removed — SCMLS
• 2026-04-23 Price Changed $164,380 SCMLS
• 2026-04-12 Price Changed $164,680 SCMLS
• 2026-02-22 Listed $164,780 SCMLS

Property tax history

+21.6%/yr

Latest (2025): $1,953 · +5.6% YoY. Source: county tax records.