2579 Marquez Ave · Palm Bay, FL 32909

$389,990

4 bd · 2.0 ba · 2,152 sqft · SingleFamily public records · 91 Days on market

Built 2019 0.25 ac 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
• ARV discount +7.5/15.0
• Cash flow +6.3/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.9/10.0
• DSCR +0.6/10.0

Listing remarks MLS

Stunning Florence plan to be built featuring 10' ceilings in main areas, transom windows, over 2,100 square feet of living space with 4 bedrooms, 2 baths, Study, Tray Ceiling in Family Room, Porch and Two Car Garage. This beautiful home is under construction in the highly sought after area of unit 46 in SE Palm Bay on an oversized pie shaped lot. It is just a few miles from the new I-95 interchange, boat ramps off US 1, parks, shopping, schools, etc. This home is scheduled to be completed in July. You still have time to select your colors and make this your home. Act fast and the builder will also pay ALL closing cost with our approved lender.

Key facts

• Modern construction
• Tiled living areas
• Granite countertops

Tags

• MODERN CONSTRUCTION
• CONNECTED TO CITY WATER
• BRIGHT OPEN FLOOR PLAN
• TILED LIVING AREAS
• ABUNDANT NATURAL LIGHT
• GRANITE COUNTERTOPS

Property features AI

Exterior

• Parking: 2-car garage with garage door opener
• Utilities: Septic tank; Electricity connected; Water connected
• Home design: Single family residence; One story; Faces west
• Construction: Block and stucco construction; Shingle roof; Pets allowed
• Exterior features: Storm shutters; City street frontage; Asphalt and concrete road surface

Interior

• Kitchen: Dishwasher; Disposal; Electric range/oven; Microwave; Refrigerator; Kitchen island; Eat-in kitchen
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen island; Open floorplan; Primary bathroom with shower (no tub); Split bedroom layout; Walk-in closets
• Laundry & utility: In-unit laundry; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $390k.

Deal economics

• At list price, monthly cash flow is $-692 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (31.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $231k (40.8% below list).
• Recommended offer: $231k (40.8% 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% 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 (+3.7%/yr); 1111 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 35% 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 $42k of equity ($3k loan paydown + $39k 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 ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($355k) 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 $248k; list at $390k implies a 57% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,950 (40.8% 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. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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.
7. 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.
8. 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: 0.59% ✗
• Cap rate: 4.16%
• Cash-on-cash: -7.61%
• DSCR: 0.66
• GRM: 14.1

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: 19.1%
• Equity multiple: 2.55×
• Total profit: $169,799
• Equity at exit: $351,334

10-year hold

• IRR: 17.7%
• Equity multiple: 5.93×
• Total profit: $537,824
• Equity at exit: $757,665

Cash invested: $109,197 (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: 14.1×

Monthly cashflow live

• Estimated rent: $2,310 high
• Mortgage (P&I): −$2,045
• Tax from tax record: −$309 /mo · $3,710/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $-692

Break-even live

Break-even rent $3,186

Max offer price $267,693

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: $97,498
• Closing costs: $11,700
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	14d	1	0.32mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	23d	1	0.32mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	14d	1	0.53mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	19d	1	0.57mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	0.62mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	23d	1	0.63mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	19d	1	0.64mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	14d	1	0.66mi
2242 Mantilla Ave SE Palm Bay, FL	5.0	2.0	2516	$2,176	$0.86	21d	1	0.68mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	23d	1	0.77mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	23d	1	1.07mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	14d	1	1.11mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	14d	1	1.23mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	14d	1	1.33mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	1.41mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	1.45mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	23d	1	1.46mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	23d	1	1.48mi

Listing history 23 events

1. 2026-06-18
   days on market $389,990 Active 91 DOM
2. 2026-06-17
   days on market $389,990 Active 90 DOM
3. 2026-06-16
   pricedays on market $389,990 Active 89 DOM
4. 2026-06-15
   days on market $399,990 Active 88 DOM
5. 2026-06-14
   days on market $399,990 Active 86 DOM
6. 2026-06-10
   days on market $399,990 Active 83 DOM
7. 2026-06-08
   days on market $399,990 Active 81 DOM
8. 2026-06-07
   days on market $399,990 Active 80 DOM
9. 2026-06-05
   days on market $399,990 Active 77 DOM
10. 2026-06-03
    days on market $399,990 Active 76 DOM
11. 2026-06-02
    days on market $399,990 Active 75 DOM
12. 2026-06-01
    days on market $399,990 Active 74 DOM
13. 2026-05-31
    days on market $399,990 Active 73 DOM
14. 2026-05-31
    days on market $399,990 Active 72 DOM
15. 2026-03-19
    listed $399,990 Active
16. 2019-07-17
    soldstatus $247,900 651-char remark

    Show marketing remark (651 chars)

    Stunning Florence plan to be built featuring 10' ceilings in main areas, transom windows, over 2,100 square feet of living space with 4 bedrooms, 2 baths, Study, Tray Ceiling in Family Room, Porch and Two Car Garage. This beautiful home is under construction in the highly sought after area of unit 46 in SE Palm Bay on an oversized pie shaped lot. It is just a few miles from the new I-95 interchange, boat ramps off US 1, parks, shopping, schools, etc. This home is scheduled to be completed in July. You still have time to select your colors and make this your home. Act fast and the builder will also pay ALL closing cost with our approved lender.

17. 2019-03-21
    listed $257,900 651-char remark

    Show marketing remark (651 chars)

    Stunning Florence plan to be built featuring 10' ceilings in main areas, transom windows, over 2,100 square feet of living space with 4 bedrooms, 2 baths, Study, Tray Ceiling in Family Room, Porch and Two Car Garage. This beautiful home is under construction in the highly sought after area of unit 46 in SE Palm Bay on an oversized pie shaped lot. It is just a few miles from the new I-95 interchange, boat ramps off US 1, parks, shopping, schools, etc. This home is scheduled to be completed in July. You still have time to select your colors and make this your home. Act fast and the builder will also pay ALL closing cost with our approved lender.

18. 2018-11-05
    soldstatus $21,900 307-char remark

    Show marketing remark (307 chars)

    BEAUTIFUL OVERSIZED, PIE SHAPED LOT IN A CITY WATER/SEPTIC AREA. NICE HOMES AND PAVED ROADS THROUGHOUT THE AREA. THE ADJACENT LOT IS ALSO AVAILABLE AT THE SAME PRICE. BUY ONE OR PUT BOTH TOGETHER! GREAT LOCATION NOT FAR FROM THE MAIN ROAD. SHORT DRIVE TO SCHOOLS, THE BAYSIDE LAKES SHOPPING AREA AND A PARK.

19. 2018-10-09
    soldstatus $21,900
20. 2018-04-22
    listed $21,900 307-char remark

    Show marketing remark (307 chars)

    BEAUTIFUL OVERSIZED, PIE SHAPED LOT IN A CITY WATER/SEPTIC AREA. NICE HOMES AND PAVED ROADS THROUGHOUT THE AREA. THE ADJACENT LOT IS ALSO AVAILABLE AT THE SAME PRICE. BUY ONE OR PUT BOTH TOGETHER! GREAT LOCATION NOT FAR FROM THE MAIN ROAD. SHORT DRIVE TO SCHOOLS, THE BAYSIDE LAKES SHOPPING AREA AND A PARK.

21. 2004-10-06
    soldstatus $51,000
22. 2004-02-23
    soldstatus $5,000
23. 2002-05-09
    soldstatus $2,500

ⓘ 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: $3,710 · $309/mo
• Projected year-2 tax: $3,710 · $309/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 4/10 Moderate
• 🌡 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: $27,714
• − Mortgage interest: −$21,846
• − Property taxes: −$3,710
• − Insurance: −$1,950
• − Repairs & maintenance: −$2,217
• − Management: −$2,217
• − Depreciation: −$11,345
• Taxable loss: −$15,571
• Est. tax savings @ 24.0%: +$3,737
• After-tax cash flow: $-4,571/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

+15899.6% since first listed

9 events — show timeline

• 2026-03-19 Listed $399,990 SCMLS
• 2019-07-17 Sold (MLS) $247,900 SCMLS
• 2019-03-21 Listed $257,900 SCMLS
• 2018-11-05 Sold (MLS) $21,900 SCMLS
• 2018-10-09 Sold (Public Records) $21,900 Public Records
• 2018-04-22 Listed $21,900 SCMLS
• 2004-10-06 Sold (Public Records) $51,000 Public Records
• 2004-02-23 Sold (Public Records) $5,000 Public Records
• 2002-05-09 Sold (Public Records) $2,500 Public Records

Property tax history

+38.8%/yr

Latest (2025): $3,710 · +2.4% YoY. Source: county tax records.