345 Holiday Park Blvd NE · Palm Bay, FL 32907

$89,000

2 bd · 2.0 ba · 784 sqft · Manufactured public records · 14 Days on market

Built 1981 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Nice home on a wooded peaceful lot in Holiday Park where you own your own lot! Popular split floor plan so your guests can have privacy when they visit. Enclosed spacious Florida Room to enjoy the warm sunny winters here in Florida! Plenty of parking because you have a carport & additional paved parking spot enough for three cars which is rare in the park. New air conditioner installed in 2013. Porch roof was resealed recently also. Metal roof!!! Extra shed for storage. Just bring your suitcase because this home is furnished! Lawn is mowed by the HOA. Two beautiful pools, recreation and activities await you in this gated 55+ community. See pictures and virtual tour!

Key facts

• Built in microwave
• Updated flooring
• Abundant cabinetry

Tags

• MOVE IN READY
• UPDATED FLOORING
• NEWER STAINLESS STEEL FRIDGE
• ABUNDANT CABINETRY
• LARGE PANTRY
• BUILT IN MICROWAVE

Property features AI

Finance

• Other: Located in a senior community
• HOA & community: Association: Port Malabar Holiday Park (voluntary fees); Association amenities include clubhouse, fitness center, gated community, jogging path, laundry, grounds maintenance, full-time management, pickleball, RV/boat storage, security, shuffleboard, storage, cable TV; Voluntary association fee (listed $5)

Exterior

• Parking: Attached covered carport (1 space); Additional parking
• Security: 24-hour security; Gated community with guard
• Utilities: Public sewer; Electricity connected (including 220V in workshop); Water connected; Cable available
• Home design: Manufactured home; Faces northwest
• Construction: Aluminum siding, frame and stone construction; Membrane/metal/other roof
• Exterior features: Covered front, side and screened porches; Patio/porch areas; Few trees on lot; City street frontage; Asphalt road surface

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator; Plumbed for ice maker
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Open floorplan; Pantry; Primary bathroom with shower (no tub); Split bedroom layout
• Laundry & utility: In-unit washer and dryer; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $89k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).

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; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 19y 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 $40k; list at $89k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price.
• 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 $89,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.84% ✓
• Cap rate: 13.47%
• Cash-on-cash: 25.62%
• DSCR: 2.14
• GRM: 4.5

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: 16.6%
• Equity multiple: 1.65×
• Total profit: $16,235
• Equity at exit: $13,270

10-year hold

• IRR: 23.5%
• Equity multiple: 2.81×
• Total profit: $45,067
• Equity at exit: $7,695

Cash invested: $24,920 (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: 4.5×

Monthly cashflow live

• Estimated rent: $1,640 high
• Mortgage (P&I): −$467
• Tax from tax record: −$260 /mo · $3,120/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $532

Break-even live

Break-even rent $967

Max offer price $89,000

Occupancy floor 63%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	23d	1	0.07mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	1.03mi
1635 Par St NE Unit 2103 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.24mi
1605 Par St NE Unit 3102 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.25mi
1625 Par St NE Unit 1104 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.27mi
1625 Par St NE Unit 1107 Palm Bay, FL	2.0	2.0	1025	$1,875	$1.83	23d	1	1.27mi
1698 Sunny Brook Ln NE Unit G109 Palm Bay, FL	1.0	1.0	658	$1,200	$1.82	19d	1	1.34mi
1687 Avery Rd NE Palm Bay, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.38mi
100 Larch Cir NE Palm Bay, FL	1.0–2.0	1.0–2.0	1013	$1,775	$1.75	14d	16	1.38mi
1656 Sunny Brook Ln NE Unit L102 Palm Bay, FL	3.0	2.0	914	$1,690	$1.85	21d	1	1.39mi
1608 Sunny Brook Ln Palm Bay, FL	1.0–3.0	1.0–2.0	1040	$1,412	$1.36	23d	6	1.43mi

Listing history 9 events

1. 2026-04-30
   status Pending
2. 2026-04-15
   listed $89,000 Active
3. 2014-05-05
   soldstatus $40,000 680-char remark

   Show marketing remark (680 chars)

   Nice home on a wooded peaceful lot in Holiday Park where you own your own lot! Popular split floor plan so your guests can have privacy when they visit. Enclosed spacious Florida Room to enjoy the warm sunny winters here in Florida! Plenty of parking because you have a carport & additional paved parking spot enough for three cars which is rare in the park. New air conditioner installed in 2013. Porch roof was resealed recently also. Metal roof!!! Extra shed for storage. Just bring your suitcase because this home is furnished! Lawn is mowed by the HOA. Two beautiful pools, recreation and activities await you in this gated 55+ community. See pictures and virtual tour!

4. 2014-02-05
   listed $45,000 680-char remark

   Show marketing remark (680 chars)

   Nice home on a wooded peaceful lot in Holiday Park where you own your own lot! Popular split floor plan so your guests can have privacy when they visit. Enclosed spacious Florida Room to enjoy the warm sunny winters here in Florida! Plenty of parking because you have a carport & additional paved parking spot enough for three cars which is rare in the park. New air conditioner installed in 2013. Porch roof was resealed recently also. Metal roof!!! Extra shed for storage. Just bring your suitcase because this home is furnished! Lawn is mowed by the HOA. Two beautiful pools, recreation and activities await you in this gated 55+ community. See pictures and virtual tour!

5. 2009-12-08
   soldstatus $40,000 461-char remark

   Show marketing remark (461 chars)

   WELL MAINTAINED AND COMFORTABLE 2BR/2BA IN HOLIDAY PARK! This home has owners that have kept it clean and taken care of, and it shows! Carpet in living room is a little over a yr old and home has had new paint inside and out. Home comes completely furnished and has a lovely enclosed room that is a perfect spot to enjoy morning coffee and/or lovely tropical breezes in the afternoon. Priced to sell--compare and see for yourself what a great deal this home is!

6. 2009-03-24
   listed $45,000 461-char remark

   Show marketing remark (461 chars)

   WELL MAINTAINED AND COMFORTABLE 2BR/2BA IN HOLIDAY PARK! This home has owners that have kept it clean and taken care of, and it shows! Carpet in living room is a little over a yr old and home has had new paint inside and out. Home comes completely furnished and has a lovely enclosed room that is a perfect spot to enjoy morning coffee and/or lovely tropical breezes in the afternoon. Priced to sell--compare and see for yourself what a great deal this home is!

7. 2007-05-16
   soldstatus $42,000
8. 2007-02-01
   listed $49,900
9. 1981-04-01
   soldstatus $21,200

ⓘ 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: $3,120 · $260/mo
• Projected year-2 tax: $3,120 · $260/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 1/10 Low
• 🌡 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: $19,685
• − Mortgage interest: −$4,985
• − Property taxes: −$3,120
• − Insurance: −$445
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$2,589
• Taxable income: $5,395
• Est. tax owed @ 24.0%: −$1,295
• After-tax cash flow: $5,090/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

+319.8% since first listed

9 events — show timeline

• 2026-04-30 Pending — SCMLS
• 2026-04-15 Listed $89,000 SCMLS
• 2014-05-05 Sold (MLS) $40,000 SCMLS
• 2014-02-05 Listed $45,000 SCMLS
• 2009-12-08 Sold (MLS) $40,000 SCMLS
• 2009-03-24 Listed $45,000 SCMLS
• 2007-05-16 Sold (MLS) $42,000 SCMLS
• 2007-02-01 Listed $49,900 SCMLS
• 1981-04-01 Sold (Public Records) $21,200 Public Records

Property tax history

+1.6%/yr

Latest (2025): $3,120 · +11.2% YoY. Source: county tax records.