1241 Ashland Ave SE · Palm Bay, FL 32909

$259,900

3 bd · 2.0 ba · 1,056 sqft · SingleFamily public records · 100 Days on market

Built 1986 0.26 ac lot

---

Why this score? — see what drove the C- 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 +15.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

Key facts

• Covered patio
• Updated bathrooms
• Modern kitchen

Tags

• MODERN KITCHEN
• GRANITE SURFACES
• UPDATED BATHROOMS
• NEW ROOF
• RELIABLE GAS GENERATOR
• COVERED PATIO

Property features AI

Finance

• Other: Furnished: negotiable

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Security: Smoke detector(s)
• Utilities: Underground electric; Septic tank; Cable available; Electricity connected
• Home design: Single family residence; One story; West-facing; Entry level: 1
• Construction: Brick and frame construction; Shingle roof; Pets allowed
• Exterior features: Covered patio and porch; Storm shutters; Back yard fencing; Cleared lot with few trees; City street frontage; Asphalt road surface

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (all on entry level)
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; Ceiling fans; Pantry; Wine cellar; Smoke detector(s)
• Laundry & utility: Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (21.0% below list).
• Recommended offer: $205k (21.0% 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; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $73k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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 $76k; list at $260k implies a 244% 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,221 (21.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.79% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.75%
• DSCR: 1.08
• GRM: 10.6

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: 25.7%
• Equity multiple: 3.06×
• Total profit: $149,565
• Equity at exit: $234,139

10-year hold

• IRR: 22.8%
• Equity multiple: 7.02×
• Total profit: $437,747
• Equity at exit: $504,929

Cash invested: $72,772 (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: 10.6×

Monthly cashflow live

• Estimated rent: $2,052 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$44 /mo · $525/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $106

Break-even live

Break-even rent $1,918

Max offer price $259,900

Occupancy floor 90%

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1072 Genesee Ave SE Palm Bay, FL	3.0	2.0	1004	$1,855	$1.85	23d	1	0.28mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	23d	1	0.55mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	13d	1	0.57mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	19d	1	0.71mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	23d	1	0.72mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	23d	1	0.86mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	23d	1	0.99mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	23d	1	0.99mi
800 Starland St SE Palm Bay, FL	2.0	1.0	904	$1,650	$1.83	23d	1	1.12mi
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	13d	1	1.20mi
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	14d	1	1.23mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	14d	1	1.26mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	23d	1	1.29mi

Listing history 15 events

1. 2026-04-27
   price $259,900
2. 2026-03-26
   price $264,900
3. 2026-02-16
   listed $269,900 Active
4. 2025-12-31
   historical 987-char remark

   Show marketing remark (987 chars)

   Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

5. 2025-11-14
   price $290,000 987-char remark

   Show marketing remark (987 chars)

   Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

6. 2025-10-15
   price $300,000 987-char remark

   Show marketing remark (987 chars)

   Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

7. 2025-09-26
   price $315,000 987-char remark

   Show marketing remark (987 chars)

   Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

8. 2025-09-15
   listed $320,000 Active 987-char remark

   Show marketing remark (987 chars)

   Welcome to your future home! This meticulously upgraded 3-bedroom, 2-bath residence blends modern style with everyday comfort. Enjoy peace of mind with a new roof, garage door, water heater, and a reliable gas generator for added security and convenience. Inside, the fully updated bathrooms feature granite countertops and designer backsplash, while the kitchen shines with stainless steel appliances, granite counters, and pristine cabinetry. Elegant ceramic tile flows throughout the home, adding a timeless touch. Step outside to a spacious covered patio with a ceiling fan, perfect for relaxing evenings or entertaining guests. Conveniently located just 5 minutes from Publix and everyday shopping, 20 minutes from West Melbourne's dining and entertainment hub, and only 30 minutes from Melbourne Beach, this home offers the best of comfort and accessibility. Schedule your private showing today and discover a property that truly combines luxury, convenience, and peace of mind.

9. 2025-02-13
   historical 826-char remark

   Show marketing remark (826 chars)

   Welcome to your future home! This meticulously upgraded 3-bed, 2-bath haven is a testament to modern comfort and style. New roof, garage door, and water heater ensure worry-free living. The fully updated bathrooms boast granite tops and chic backsplash, while the kitchen dazzles with stainless steel appliances, granite countertops, and pristine cabinets. Enjoy the spacious patio with a ceiling fan, perfect for relaxation or entertaining. Ceramic tiles throughout add an elegant touch. Strategically located, this property is a 30-min drive from Melbourne Beach, a 5-min hop to Publix and grocery stores, and just 20 mins to the West Melbourne Interchange Center for dining and entertainment. This residence effortlessly marries convenience and luxury. Schedule a viewing today and step into a home where memories are made!

10. 2024-02-22
    historical
11. 2024-02-13
    listed $305,000 Active 826-char remark

    Show marketing remark (826 chars)

    Welcome to your future home! This meticulously upgraded 3-bed, 2-bath haven is a testament to modern comfort and style. New roof, garage door, and water heater ensure worry-free living. The fully updated bathrooms boast granite tops and chic backsplash, while the kitchen dazzles with stainless steel appliances, granite countertops, and pristine cabinets. Enjoy the spacious patio with a ceiling fan, perfect for relaxation or entertaining. Ceramic tiles throughout add an elegant touch. Strategically located, this property is a 30-min drive from Melbourne Beach, a 5-min hop to Publix and grocery stores, and just 20 mins to the West Melbourne Interchange Center for dining and entertainment. This residence effortlessly marries convenience and luxury. Schedule a viewing today and step into a home where memories are made!

12. 2024-02-09
    price $305,000
13. 2024-01-23
    listed $320,000 Active
14. 1997-11-13
    soldstatus $75,500
15. 1986-12-01
    soldstatus $57,000

ⓘ 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: $525 · $44/mo
• Projected year-2 tax: $2,157 · $180/mo
• Expected delta: +$1,632/yr (+$136/mo · 310.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $24,627
• − Mortgage interest: −$14,558
• − Property taxes: −$525
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,970
• − Management: −$1,970
• − Depreciation: −$7,561
• Taxable loss: −$3,258
• Est. tax savings @ 24.0%: +$782
• After-tax cash flow: $2,057/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

+356.0% since first listed

15 events — show timeline

• 2026-04-27 Price Changed $259,900 SCMLS
• 2026-03-26 Price Changed $264,900 SCMLS
• 2026-02-16 Listed $269,900 SCMLS
• 2025-12-31 Listing Removed — SCMLS
• 2025-11-14 Price Changed $290,000 SCMLS
• 2025-10-15 Price Changed $300,000 SCMLS
• 2025-09-26 Price Changed $315,000 SCMLS
• 2025-09-15 Listed $320,000 SCMLS
• 2025-02-13 Listing Removed — SCMLS
• 2024-02-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-02-13 Listed $305,000 SCMLS
• 2024-02-09 Price Changed $305,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-23 Listed $320,000 Stellar MLS as Distributed by MLS Grid
• 1997-11-13 Sold (Public Records) $75,500 Public Records
• 1986-12-01 Sold (Public Records) $57,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $525 · -13.3% YoY. Source: county tax records.