466 El Dorado Ave SE · Palm Bay, FL 32909

$269,990

3 bd · 2.0 ba · 1,804 sqft · SingleFamily public records · 18 Days on market

Built 2006 10,454 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
• Cash flow +9.0/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• 1% rule +3.0/10.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Perfect first time home buyers home. Close to so much, Bayside Lakes and everything on Malabar Rd. This 3 bedroom 2 bathroom will fit your needs. The open floor plan is beautiful with the colors and the windows are IMPACT RATED. No need for shutters. Large kitchen with bar top overlooking the living room and breakfast nook will make several days enjoyable for the new family. Tile and Laminate flooring makes for easy cleaning throughout the home. Also offers indoor laundry for your comfort. Current owners connected up to the city water.

Key facts

• Access to schools
• Generous countertops
• Ample cabinet space

Tags

• OPEN-CONCEPT LAYOUT
• AMPLE CABINET SPACE
• GENEROUS COUNTERTOPS
• QUIET PALM BAY NEIGHBORHOOD
• EASY ACCESS TO SHOPPING
• ACCESS TO SCHOOLS

Property features AI

Finance

• Other: Unfurnished

Exterior

• Parking: Attached garage
• Utilities: Septic tank; Cable connected; Electricity connected; Water connected
• Home design: Single family residence; North-facing
• Construction: Block and concrete construction
• Exterior features: Lot features: Other; Property used for residential

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Dishwasher; Dryer; Electric range; Microwave; Refrigerator; Washer
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-214 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $232k (14.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (19.8% below list).
• Recommended offer: $217k (19.8% 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: John F. Turner Senior Elementary School (math 38% / reading 43%, grade F, #1,471 of 2,144 statewide, top 69%, 543 students, 69% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 55% district-wide (-16 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; 26 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).
• 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 $29k of equity ($2k loan paydown + $27k 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 ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($266k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $216,550 (19.8% 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: 0.80% ✗
• Cap rate: 5.34%
• Cash-on-cash: -3.40%
• DSCR: 0.85
• GRM: 10.4

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: 22.1%
• Equity multiple: 2.78×
• Total profit: $134,939
• Equity at exit: $243,228

10-year hold

• IRR: 20.0%
• Equity multiple: 6.44×
• Total profit: $411,305
• Equity at exit: $524,531

Cash invested: $75,597 (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: 10.4×

Monthly cashflow live

• Estimated rent: $2,166 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$397 /mo · $4,759/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $-214

Break-even live

Break-even rent $2,437

Max offer price $232,150

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-138	+0% $-214	+5% $-291	+10% $-367
Rent	-10% $-385	-5% $-300	+0% $-214	+5% $-129	+10% $-43
Rate	-1.0pp $-78	-0.5pp $-146	base $-214	+0.5pp $-284	+1.0pp $-355

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: $67,498
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	15d	1	0.22mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	24d	1	0.28mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	22d	1	0.33mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	24d	1	0.36mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	15d	1	0.36mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	24d	1	0.73mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	19d	1	0.79mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	14d	1	0.81mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	24d	1	0.82mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	24d	1	0.89mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	14d	1	0.90mi
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	14d	1	0.91mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	24d	1	1.05mi
296 Croquet Ave NE Palm Bay, FL	4.0	2.0	2028	$2,300	$1.13	22d	1	1.08mi
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	24d	1	1.12mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$1,649	$1.19	15d	6	1.19mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	24d	1	1.19mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	24d	1	1.22mi
210 Meehan Ave NW Palm Bay, FL	3.0	2.0	2020	$1,895	$0.94	15d	1	1.26mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	24d	1	1.27mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	24d	1	1.27mi
334 Bordeaux Ave NE Palm Bay, FL	4.0	2.0	2083	$2,250	$1.08	15d	1	1.27mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	19d	1	1.34mi
647 Airoso Rd SE Palm Bay, FL	4.0	3.0	2365	$2,900	$1.23	14d	1	1.34mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	24d	1	1.37mi
497 Schenley St SW Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	24d	1	1.45mi

Listing history 13 events

1. 2026-05-09
   status Pending
2. 2026-04-20
   listed $269,990 Active
3. 2021-07-19
   soldstatus $273,950 Closed 542-char remark

   Show marketing remark (542 chars)

   Perfect first time home buyers home. Close to so much, Bayside Lakes and everything on Malabar Rd. This 3 bedroom 2 bathroom will fit your needs. The open floor plan is beautiful with the colors and the windows are IMPACT RATED. No need for shutters. Large kitchen with bar top overlooking the living room and breakfast nook will make several days enjoyable for the new family. Tile and Laminate flooring makes for easy cleaning throughout the home. Also offers indoor laundry for your comfort. Current owners connected up to the city water.

4. 2021-06-26
   historical Contingent 542-char remark

   Show marketing remark (542 chars)

   Perfect first time home buyers home. Close to so much, Bayside Lakes and everything on Malabar Rd. This 3 bedroom 2 bathroom will fit your needs. The open floor plan is beautiful with the colors and the windows are IMPACT RATED. No need for shutters. Large kitchen with bar top overlooking the living room and breakfast nook will make several days enjoyable for the new family. Tile and Laminate flooring makes for easy cleaning throughout the home. Also offers indoor laundry for your comfort. Current owners connected up to the city water.

5. 2021-06-25
   listed $269,900 Active 542-char remark

   Show marketing remark (542 chars)

   Perfect first time home buyers home. Close to so much, Bayside Lakes and everything on Malabar Rd. This 3 bedroom 2 bathroom will fit your needs. The open floor plan is beautiful with the colors and the windows are IMPACT RATED. No need for shutters. Large kitchen with bar top overlooking the living room and breakfast nook will make several days enjoyable for the new family. Tile and Laminate flooring makes for easy cleaning throughout the home. Also offers indoor laundry for your comfort. Current owners connected up to the city water.

6. 2021-06-17
   historical $269,900 542-char remark

   Show marketing remark (542 chars)

   Perfect first time home buyers home. Close to so much, Bayside Lakes and everything on Malabar Rd. This 3 bedroom 2 bathroom will fit your needs. The open floor plan is beautiful with the colors and the windows are IMPACT RATED. No need for shutters. Large kitchen with bar top overlooking the living room and breakfast nook will make several days enjoyable for the new family. Tile and Laminate flooring makes for easy cleaning throughout the home. Also offers indoor laundry for your comfort. Current owners connected up to the city water.

7. 2016-08-16
   historical 211-char remark

   Show marketing remark (211 chars)

   New construction in PMU unit 10. Very close to schools on Eldron Blvd. Upgraded appliances, quality counter tops and tiles. No completion date yet. Call for details/features and floor plan. Owner lic. RE broker.

8. 2016-08-16
   historical

   Show marketing remark (211 chars)

   New construction in PMU unit 10. Very close to schools on Eldron Blvd. Upgraded appliances, quality counter tops and tiles. No completion date yet. Call for details/features and floor plan. Owner lic. RE broker.

9. 2006-12-22
   soldstatus $199,000
10. 2006-12-22
    soldstatus $199,000
11. 2006-11-01
    listed $200,000
12. 2006-03-02
    listed $209,950
13. 2005-07-30
    listed $259,500 211-char remark

    Show marketing remark (211 chars)

    New construction in PMU unit 10. Very close to schools on Eldron Blvd. Upgraded appliances, quality counter tops and tiles. No completion date yet. Call for details/features and floor plan. Owner lic. RE broker.

ⓘ 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: $4,759 · $397/mo
• Projected year-2 tax: $4,759 · $397/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 9/10 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: $25,986
• − Mortgage interest: −$15,124
• − Property taxes: −$4,759
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,079
• − Management: −$2,079
• − Depreciation: −$7,854
• Taxable loss: −$7,259
• Est. tax savings @ 24.0%: +$1,742
• After-tax cash flow: $-828/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

+4.0% since first listed

13 events — show timeline

• 2026-05-09 Pending — SCMLS
• 2026-04-20 Listed $269,990 SCMLS
• 2021-07-19 Sold (MLS) $273,950 SCMLS
• 2021-06-26 Contingent — SCMLS
• 2021-06-25 Listed $269,900 SCMLS
• 2021-06-17 Coming Soon $269,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2006-12-22 Sold (Public Records) $199,000 Public Records
• 2006-12-22 Sold (MLS) $199,000 SCMLS
• 2006-11-01 Listed $200,000 SCMLS
• 2006-03-02 Listed $209,950 SCMLS
• 2005-07-30 Listed $259,500 SCMLS

Property tax history

+17.2%/yr

Latest (2025): $4,759 · +1.0% YoY. Source: county tax records.