1817 Palm Blvd · Melbourne, FL 32901

$225,000

4 bd · 3.0 ba · 2,434 sqft · Other public records · 185 Days on market

Built 1963 10,454 sqft lot

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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 +24.2/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +4.7/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

Key facts

• Extra space on left
• Canal at rear
• Dead end street

Tags

• CANAL AT REAR
• OAK TREE
• EXTRA SPACE ON LEFT
• NO DIRECT BACK YARD NEIGHBORS
• NO NEIGHBORS ON LEFT SIDE
• DEAD END STREET

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Attached 2-car garage; Two covered parking spaces
• Utilities: Public water available; Septic tank sewer; Water service available
• Home design: Single-family residence; One story; To be built; Southeast facing
• Construction: Block/Concrete/CBS construction; Roof: Composition, Fiberglass, Shingle with wood truss/rafter
• Exterior features: Porch; Corner lot; Many trees; Fruit trees; Paved road access; Waterfront

Interior

• Bedrooms: Four main-level bedrooms
• Flooring: Concrete floors
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: Heating present (type: Other); Cooling present (type: Other)
• Interior features: Entrance foyer; Walk-in closets; Split bedroom layout; Unfurnished
• Laundry & utility: Laundry area located in the garage

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $225k.

Deal economics

• At list price, monthly cash flow is $448 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Recommended offer: $198k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: W. Melbourne Elementary School For Science (math 88% / reading 86%, grade A+, #24 of 2,144 statewide, top 1%, 549 students, 18% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL) — zoned schools at 39% FRL track the district average.
• Market conditions: Rents rising (+1.7%/yr); 202 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• At $2,392/mo this rent would consume 53% of the median local household income ($55k/yr) (locally 2018% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 185 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask is 13% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $162k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $198,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 185 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.53%
• DSCR: 1.38
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-11,060
• Equity at exit: $33,548

10-year hold

• IRR: 3.4%
• Equity multiple: 1.23×
• Total profit: $14,612
• Equity at exit: $19,454

Cash invested: $63,000 (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 32901

• Home prices YoY: -31.0%
• Rents YoY: 1.7%
• Active inventory: 202
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,392 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$168 /mo · $2,020/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $448

Break-even live

Break-even rent $1,825

Max offer price $225,000

Occupancy floor 76%

Sensitivity live

Price	-10% $575	-5% $512	+0% $448	+5% $384	+10% $320
Rent	-10% $259	-5% $353	+0% $448	+5% $542	+10% $637
Rate	-1.0pp $561	-0.5pp $505	base $448	+0.5pp $390	+1.0pp $330

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2916 Rollins St Melbourne, FL	3.0	2.0	1635	$2,190	$1.34	25d	1	1.19mi
300 Darrow Ave Melbourne, FL	4.0	2.0	1732	$2,500	$1.44	25d	1	1.28mi
304 Darrow Ave Melbourne, FL	4.0	2.0	1759	$2,300	$1.31	25d	1	1.30mi

Listing history 32 events

1. 2026-06-18
   days on market $225,000 Active 185 DOM
2. 2026-06-17
   days on market $225,000 Active 184 DOM
3. 2026-06-16
   days on market $225,000 Active 183 DOM
4. 2026-06-15
   days on market $225,000 Active 182 DOM
5. 2026-06-14
   days on market $225,000 Active 180 DOM
6. 2026-06-10
   days on market $225,000 Active 177 DOM
7. 2026-06-08
   days on market $225,000 Active 175 DOM
8. 2026-06-07
   days on market $225,000 Active 174 DOM
9. 2026-06-05
   days on market $225,000 Active 171 DOM
10. 2026-06-03
    days on market $225,000 Active 170 DOM
11. 2026-06-02
    days on market $225,000 Active 169 DOM
12. 2026-06-01
    days on market $225,000 Active 168 DOM
13. 2026-05-31
    days on market $225,000 Active 167 DOM
14. 2026-05-31
    days on market $225,000 Active 166 DOM
15. 2026-04-24
    price $225,000
16. 2025-12-15
    listed $198,900 Active
17. 2025-11-12
    price $223,861 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

18. 2025-07-28
    price $210,000 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

19. 2025-07-28
    price $225,000 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

20. 2025-07-28
    price $210,000 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

21. 2025-07-02
    status Active 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

22. 2025-07-02
    price $256,000 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

23. 2025-06-26
    status Pending 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

24. 2025-06-26
    historical 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

25. 2025-06-26
    historical 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

26. 2025-06-20
    listed $266,000 Active 376-char remark

    Show marketing remark (376 chars)

    Fixer upper, contractors and savvy investors. Look no further this property offers tons of potential. Open canvas. Come in and put your own touches. Brand new roof with brand new trusses. Property sits on a quiet dead end street. Minutes from downtown are beaches. Close to golf course. Unlimited potential. Any offers short of this will not be accepted. Arv appraised at 490k

27. 2023-11-03
    soldstatus $162,000
28. 2023-10-25
    soldstatus $176,000 Closed 489-char remark

    Show marketing remark (489 chars)

    A profitable fixer-upper with high potential is in a Great Location close to downtown Melbourne and FIT. This artsy cottage-style house is loaded with character. , tongue and Groove ceilings and Peak-a-boo windows in vaulted ceilings pull out the hot air. Free-standing wood-burning stove. Nice-sized lot with mature trees. Needs renovations. Nice sized lot with mature trees orchard of mixed fruits and edible plants such as avocados and pineapples. Needs a new Roof, AC, and renovations.

29. 2023-10-22
    price $184,900 489-char remark

    Show marketing remark (489 chars)

    A profitable fixer-upper with high potential is in a Great Location close to downtown Melbourne and FIT. This artsy cottage-style house is loaded with character. , tongue and Groove ceilings and Peak-a-boo windows in vaulted ceilings pull out the hot air. Free-standing wood-burning stove. Nice-sized lot with mature trees. Needs renovations. Nice sized lot with mature trees orchard of mixed fruits and edible plants such as avocados and pineapples. Needs a new Roof, AC, and renovations.

30. 2023-10-02
    price $189,000 489-char remark

    Show marketing remark (489 chars)

    A profitable fixer-upper with high potential is in a Great Location close to downtown Melbourne and FIT. This artsy cottage-style house is loaded with character. , tongue and Groove ceilings and Peak-a-boo windows in vaulted ceilings pull out the hot air. Free-standing wood-burning stove. Nice-sized lot with mature trees. Needs renovations. Nice sized lot with mature trees orchard of mixed fruits and edible plants such as avocados and pineapples. Needs a new Roof, AC, and renovations.

31. 2023-10-02
    status Pending 489-char remark

    Show marketing remark (489 chars)

    A profitable fixer-upper with high potential is in a Great Location close to downtown Melbourne and FIT. This artsy cottage-style house is loaded with character. , tongue and Groove ceilings and Peak-a-boo windows in vaulted ceilings pull out the hot air. Free-standing wood-burning stove. Nice-sized lot with mature trees. Needs renovations. Nice sized lot with mature trees orchard of mixed fruits and edible plants such as avocados and pineapples. Needs a new Roof, AC, and renovations.

32. 2023-09-18
    listed $189,000 Active 489-char remark

    Show marketing remark (489 chars)

    A profitable fixer-upper with high potential is in a Great Location close to downtown Melbourne and FIT. This artsy cottage-style house is loaded with character. , tongue and Groove ceilings and Peak-a-boo windows in vaulted ceilings pull out the hot air. Free-standing wood-burning stove. Nice-sized lot with mature trees. Needs renovations. Nice sized lot with mature trees orchard of mixed fruits and edible plants such as avocados and pineapples. Needs a new Roof, AC, and renovations.

ⓘ 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: $2,020 · $168/mo
• Projected year-2 tax: $2,020 · $168/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 ≥105°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: $28,706
• − Mortgage interest: −$12,603
• − Property taxes: −$2,020
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,296
• − Management: −$2,296
• − Depreciation: −$6,545
• Taxable income: $1,819
• Est. tax owed @ 24.0%: −$437
• After-tax cash flow: $4,937/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 — Melbourne

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Melbourne, FL
• County: Brevard County · 602,871 people
• City population: 178,420
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 28,923
• Household income: $54,651
• Rent vs Own: 50.6% rent · 49.4% own
• Severe rent burden: 2018.0

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 0.56)
• Race & ethnicity: White 62% Black 18% Hispanic / Latino 11% Two or more races 8% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 1%
• Foreign-born: 14% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Vietnamese 2%

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: ▼ -145.13%
• Current HPI: 322.934
• Rent YoY: ▲ 1.70%
• 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

+19.0% since first listed

18 events — show timeline

• 2026-04-24 Price Changed $225,000 Beaches MLS
• 2025-12-15 Listed $198,900 Beaches MLS
• 2025-11-12 Price Changed $223,861 SCMLS
• 2025-07-28 Price Changed $210,000 SCMLS
• 2025-07-28 Price Changed $225,000 SCMLS
• 2025-07-28 Price Changed $210,000 SCMLS
• 2025-07-02 Relisted — SCMLS
• 2025-07-02 Price Changed $256,000 SCMLS
• 2025-06-26 Pending — SCMLS
• 2025-06-26 Listing Removed — SCMLS
• 2025-06-26 Listing Removed — SCMLS
• 2025-06-20 Listed $266,000 SCMLS
• 2023-11-03 Sold (Public Records) $162,000 Public Records
• 2023-10-25 Sold (MLS) $176,000 SCMLS
• 2023-10-22 Price Changed $184,900 SCMLS
• 2023-10-02 Price Changed $189,000 SCMLS
• 2023-10-02 Pending — SCMLS
• 2023-09-18 Listed $189,000 SCMLS

Property tax history

+8.5%/yr

Latest (2025): $2,020 · -0.5% YoY. Source: county tax records.