1257 Theresa St SE · Palm Bay, FL 32909

$360,000

3 bd · 2.0 ba · 1,744 sqft · SingleFamily public records · 17 Days on market

Built 2022 10,019 sqft lot

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +5.4/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0

Listing remarks MLS

!Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2022

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-779 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (38.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (40.9% below list).
• Recommended offer: $213k (40.9% below list) — sets the bar for 1% rule.

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: Columbia Elementary School (math 52% / reading 47%, grade D, #1,088 of 2,144 statewide, top 53%, 506 students, 68% 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 schools average 59% FRL vs 43% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 41% at this address vs 55% district-wide (-14 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.7%/yr); 1111 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 32% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $38k of equity ($2k loan paydown + $36k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,719 (40.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.59% ✗
• Cap rate: 3.70%
• Cash-on-cash: -9.27%
• DSCR: 0.59
• GRM: 14.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.67% rent growth · sell at horizon

5-year hold

• IRR: 17.9%
• Equity multiple: 2.47×
• Total profit: $147,908
• Equity at exit: $324,317

10-year hold

• IRR: 16.9%
• Equity multiple: 5.74×
• Total profit: $477,621
• Equity at exit: $699,401

Cash invested: $100,800 (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 32909

• Home prices YoY: 6.0%
• Rents YoY: 3.7%
• Active inventory: 1111
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $2,127 high
• Mortgage (P&I): −$1,888
• Tax from tax record: −$422 /mo · $5,059/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $-779

Break-even live

Break-even rent $3,113

Max offer price $222,383

Occupancy floor —

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: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2036 Walsh Ave SE Palm Bay, FL	3.0	2.0	1331	$1,930	$1.45	23d	1	0.34mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	14d	1	0.56mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	23d	1	0.61mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	23d	1	0.72mi
1625 Waneta St SE Palm Bay, FL	3.0	2.0	1631	$2,100	$1.29	19d	1	0.73mi
1674 Waltz St SE Palm Bay, FL	3.0	2.0	1262	$1,831	$1.45	14d	1	0.74mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	23d	1	0.79mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	14d	1	0.80mi
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	23d	1	0.94mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	14d	1	0.96mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	1.05mi
2910 Emerson Dr SE Palm Bay, FL	3.0	2.0	1700	$1,950	$1.15	14d	1	1.09mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	14d	1	1.10mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	23d	1	1.11mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	19d	1	1.13mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	23d	1	1.17mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	14d	1	1.17mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	23d	1	1.27mi
1210 Vandalia Ave SE Palm Bay, FL	4.0	2.0	1833	$2,050	$1.12	14d	1	1.28mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	23d	1	1.31mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	23d	1	1.32mi
1643 Talavera St SE Palm Bay, FL	4.0	2.0	1833	$1,861	$1.02	19d	1	1.39mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	19d	1	1.46mi

Listing history 20 events

1. 2026-06-18
   days on market $360,000 Active 17 DOM
2. 2026-06-17
   days on market $360,000 Active 16 DOM
3. 2026-06-16
   days on market $360,000 Active 15 DOM
4. 2026-06-15
   days on market $360,000 Active 14 DOM
5. 2026-06-14
   days on market $360,000 Active 12 DOM
6. 2026-06-10
   days on market $360,000 Active 9 DOM
7. 2026-06-08
   days on market $360,000 Active 7 DOM
8. 2026-06-07
   days on market $360,000 Active 6 DOM
9. 2026-06-05
   days on market $360,000 Active 3 DOM
10. 2026-06-03
    days on market $360,000 Active 2 DOM
11. 2026-06-01
    statusdays on market $360,000 Active 1 DOM
12. 2026-05-31
    days on market $360,000 Coming Soon 10 DOM
13. 2026-05-31
    days on market $360,000 Coming Soon 9 DOM
14. 2026-05-21
    historical $360,000
15. 2022-08-12
    soldstatus $360,000 Closed 532-char remark

    Show marketing remark (532 chars)

    !Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

16. 2022-07-05
    historical Backups 532-char remark

    Show marketing remark (532 chars)

    !Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

17. 2022-06-24
    status Active 532-char remark

    Show marketing remark (532 chars)

    !Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

18. 2022-06-06
    status Pending 532-char remark

    Show marketing remark (532 chars)

    !Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

19. 2022-05-27
    listed $360,000 Active 532-char remark

    Show marketing remark (532 chars)

    !Under construction. Your New Home Don't miss your chance to make this your home, excellent floor plan, open concept, high ceilings, 3 bedroom 2 full bath WITH AN EXTRA FLEX ROOM that you can convert in a home office or studio or Bedroom. Kitchen with Beautiful cabinets and granite countertops. Large family room. entire house with tile, shower and bath walls with tile, Master bathroom with his and hers sink, spacious walk-in closet. Two car garages opens directly to the laundry room. No HOA Fees. Ask for Builder Incentives!!!!

20. 2003-06-09
    soldstatus $25,000

ⓘ 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: $5,059 · $422/mo
• Projected year-2 tax: $5,059 · $422/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 9/10 Extreme 7 d/yr ≥106°F today · 19 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: $25,526
• − Mortgage interest: −$20,166
• − Property taxes: −$5,059
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,042
• − Management: −$2,042
• − Depreciation: −$10,473
• Taxable loss: −$16,056
• Est. tax savings @ 24.0%: +$3,853
• After-tax cash flow: $-5,495/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): 41,804
• Household income: $79,977
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 697.0

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 0.70)
• Race & ethnicity: White 46% Black 21% Hispanic / Latino 20% Two or more races 16% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 5%
• Common ancestry: Hispanic 3% Slovak 2% Lithuanian 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 9% French/Haitian/Cajun 4% Chinese 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: ▲ 18.81%
• Current HPI: 330.8595
• Rent YoY: ▲ 3.67%
• 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

+1340.0% since first listed

7 events — show timeline

• 2026-05-21 Coming Soon $360,000 SCMLS
• 2022-08-12 Sold (MLS) $360,000 SCMLS
• 2022-07-05 Contingent — SCMLS
• 2022-06-24 Relisted — SCMLS
• 2022-06-06 Pending — SCMLS
• 2022-05-27 Listed $360,000 SCMLS
• 2003-06-09 Sold (Public Records) $25,000 Public Records

Property tax history

+42.6%/yr

Latest (2025): $5,059 · -1.4% YoY. Source: county tax records.