1935 New York Ave SW · Palm Bay, FL 32908

$299,990

4 bd · 2.0 ba · 1,499 sqft · Land · 28 Days on market

Built 2026 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).

• Cash flow +10.9/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• 1% rule +3.2/10.0
• DSCR +3.1/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Archer II, a thoughtfully designed single-story home in Palm Bay, Florida offering the perfect blend of comfort, functionality, and modern style. Upon entry, you're welcomed into a spacious foyer leading to two well-sized bedrooms and a full bathroom, perfect for guests or a growing family. The open-concept kitchen features a large island with seating, color-matched countertops, and a generous walk-in pantry-all overlooking the bright great room and cozy dining area, ideal for entertaining. The primary bedroom is tucked away at the rear of the home and features a large walk-in closet and en-suite bath with dual sinks. Enjoy indoor-outdoor living with a rear patio accessed through sliding glass doors. Take advantage of the laundry room with full washer/dryer hookups located conveniently between the bedrooms. Additional features include: Luxury vinyl plank flooring in main living & wet areas, Stain-resistant carpet in bedrooms, Stainless steel appliances including smooth-top range, microwave & dishwasher, Double-pane Low-E windows for energy efficiency, Storm panels for windows & sliding glass doors and High-efficiency A/C, digital thermostat, and termite treatment with renewable bond.

Key facts

• Single-story layout
• Central island
• Open-concept kitchen

Tags

• SINGLE-STORY LAYOUT
• OPEN-CONCEPT KITCHEN
• CENTRAL ISLAND
• WALK-IN PANTRY
• COVERED PATIO

Property features AI

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Aerobic septic system; Cable available; Municipal water available; Electric service
• Home design: Single family residence; One story; Home faces south; New construction
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Porch; Storm shutters; Smoke detector(s)

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Smart thermostat
• Interior features: Eat-in kitchen; Entrance foyer; Kitchen island; Pantry; Smart thermostat; Split bedroom layout; Walk-in closet(s)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $300k.

Deal economics

• At list price, monthly cash flow is $-134 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $281k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $245k (18.2% below list).
• Recommended offer: $245k (18.2% 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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% 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-school proficiency averages 42% at this address vs 55% district-wide (-12 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 (+1.3%/yr); 1020 active listings in the ZIP; 8 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 37% of the median local income ($80k/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 $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $26k; list at $300k implies a 1032% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $245,426 (18.2% 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: 0.82% ✗
• Cap rate: 5.76%
• Cash-on-cash: -1.92%
• DSCR: 0.91
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -21.4%
• Equity multiple: 0.27×
• Total profit: $-61,280
• Equity at exit: $44,729

10-year hold

• IRR: -19.5%
• Equity multiple: 0.04×
• Total profit: $-80,687
• Equity at exit: $25,938

Cash invested: $83,997 (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 32908

• Home prices YoY: -10.4%
• Rents YoY: 1.3%
• Active inventory: 1020
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,454 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,500/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $-134

Break-even live

Break-even rent $2,624

Max offer price $280,557

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: $74,998
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
439 Gancedo St SW Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	0.51mi
2008 Olympia Ave SW Palm Bay, FL	4.0	2.0	1828	$2,500	$1.37	23d	1	0.57mi
1897 Gould Ave SW Palm Bay, FL	4.0	2.0	1555	$1,850	$1.19	23d	1	0.72mi
1733 La Maderia Dr SW Palm Bay, FL	3.0	2.0	1865	$2,195	$1.18	21d	1	1.14mi
2437 Hagoplan Ave SW Palm Bay, FL	3.0	2.0	1840	$2,150	$1.17	23d	1	1.14mi
1736 La Maderia Dr SW Palm Bay, FL	3.0	2.0	1873	$2,000	$1.07	23d	1	1.16mi
1133 Hanover Ave SW Palm Bay, FL	4.0	2.0	1804	$2,250	$1.25	21d	1	1.41mi
356 Garbelmann St SW Palm Bay, FL	4.0	3.0	1850	$2,121	$1.15	14d	1	1.42mi

Listing history 25 events

1. 2026-06-15
   status $299,990 Pending 28 DOM
2. 2026-06-15
   days on market $299,990 Active 28 DOM
3. 2026-06-14
   days on market $299,990 Active 26 DOM
4. 2026-06-10
   days on market $299,990 Active 23 DOM
5. 2026-06-08
   days on market $299,990 Active 21 DOM
6. 2026-06-07
   days on market $299,990 Active 20 DOM
7. 2026-06-05
   days on market $299,990 Active 17 DOM
8. 2026-06-03
   days on market $299,990 Active 16 DOM
9. 2026-06-02
   days on market $299,990 Active 15 DOM
10. 2026-06-01
    days on market $299,990 Active 14 DOM
11. 2026-05-31
    days on market $299,990 Active 13 DOM
12. 2026-05-31
    days on market $299,990 Active 12 DOM
13. 2026-05-20
    price $299,990 1235-char remark

    Show marketing remark (1235 chars)

    Welcome to the Archer II, a thoughtfully designed single-story home in Palm Bay, Florida offering the perfect blend of comfort, functionality, and modern style. Upon entry, you're welcomed into a spacious foyer leading to two well-sized bedrooms and a full bathroom, perfect for guests or a growing family. The open-concept kitchen features a large island with seating, color-matched countertops, and a generous walk-in pantry-all overlooking the bright great room and cozy dining area, ideal for entertaining. The primary bedroom is tucked away at the rear of the home and features a large walk-in closet and en-suite bath with dual sinks. Enjoy indoor-outdoor living with a rear patio accessed through sliding glass doors. Take advantage of the laundry room with full washer/dryer hookups located conveniently between the bedrooms. Additional features include: Luxury vinyl plank flooring in main living & wet areas, Stain-resistant carpet in bedrooms, Stainless steel appliances including smooth-top range, microwave & dishwasher, Double-pane Low-E windows for energy efficiency, Storm panels for windows & sliding glass doors and High-efficiency A/C, digital thermostat, and termite treatment with renewable bond.

14. 2026-05-19
    price $299,990
15. 2026-05-18
    listed $311,410 Active
16. 2026-05-01
    listed $311,410 Active 1235-char remark

    Show marketing remark (1235 chars)

    Welcome to the Archer II, a thoughtfully designed single-story home in Palm Bay, Florida offering the perfect blend of comfort, functionality, and modern style. Upon entry, you're welcomed into a spacious foyer leading to two well-sized bedrooms and a full bathroom, perfect for guests or a growing family. The open-concept kitchen features a large island with seating, color-matched countertops, and a generous walk-in pantry-all overlooking the bright great room and cozy dining area, ideal for entertaining. The primary bedroom is tucked away at the rear of the home and features a large walk-in closet and en-suite bath with dual sinks. Enjoy indoor-outdoor living with a rear patio accessed through sliding glass doors. Take advantage of the laundry room with full washer/dryer hookups located conveniently between the bedrooms. Additional features include: Luxury vinyl plank flooring in main living & wet areas, Stain-resistant carpet in bedrooms, Stainless steel appliances including smooth-top range, microwave & dishwasher, Double-pane Low-E windows for energy efficiency, Storm panels for windows & sliding glass doors and High-efficiency A/C, digital thermostat, and termite treatment with renewable bond.

17. 2026-01-26
    soldstatus $26,500 Closed 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

18. 2026-01-16
    soldstatus $132,500
19. 2025-08-01
    status Pending 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

20. 2025-07-28
    price $29,000 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

21. 2021-03-06
    price $50,000 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

22. 2021-02-03
    price $24,500 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

23. 2020-11-03
    price $15,000 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

24. 2018-09-09
    listed $12,000 Active 810-char remark

    Show marketing remark (810 chars)

    There are electric and telephone lines at the street; and you can own a lot on New York Avenue !!! 0.23 acre buildable residential lot available in Port Malabar Unit #49 of Palm Bay. Located in the southwest section, this lot is just 1.1 miles - 4 minutes to Bayside High School, 2.5 miles - 6 minutes to Publix Supermarket, 13.9 miles - 27 minutes to Melbourne International Airport, and 16.3 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for . 7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for . 1 mile, left on DeGroodt Road SW for 2.5 miles, right on J. A. Bombardier Boulevard for . 7 miles, left on Day Avenue for 322 feet, right on Banyan Street for 295 feet, and left onto New York Avenue. The lot will be on your left.

25. 2007-08-15
    soldstatus $12,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 23 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: $29,451
• − Mortgage interest: −$16,804
• − Property taxes: −$4,500
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,356
• − Management: −$2,356
• − Depreciation: −$8,727
• Taxable loss: −$6,792
• Est. tax savings @ 24.0%: +$1,630
• After-tax cash flow: $18/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): 16,535
• Household income: $79,596
• Rent vs Own: 10.2% rent · 89.8% own
• Severe rent burden: 112.0

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 0.69)
• Race & ethnicity: White 48% Hispanic / Latino 20% Black 20% Two or more races 19%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 6% Dominican 3%
• Common ancestry: Hispanic 3% Estonian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -38.22%
• Current HPI: 330.0399
• Rent YoY: ▲ 1.29%
• 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

+2399.9% since first listed

13 events — show timeline

• 2026-05-20 Price Changed $299,990 Zillow
• 2026-05-19 Price Changed $299,990 SCMLS
• 2026-05-18 Listed $311,410 SCMLS
• 2026-05-01 Listed $311,410 Zillow
• 2026-01-26 Sold (MLS) $26,500 SCMLS
• 2026-01-16 Sold (Public Records) $132,500 Public Records
• 2025-08-01 Pending — SCMLS
• 2025-07-28 Price Changed $29,000 SCMLS
• 2021-03-06 Price Changed $50,000 SCMLS
• 2021-02-03 Price Changed $24,500 SCMLS
• 2020-11-03 Price Changed $15,000 SCMLS
• 2018-09-09 Listed $12,000 SCMLS
• 2007-08-15 Sold (Public Records) $12,000 Public Records

Property tax history

+11.8%/yr

Latest (2025): $233 · +15.1% YoY. Source: county tax records.