1071 Grapefruit Rd SE · Palm Bay, FL 32909

$439,000

4 bd · 2.0 ba · 1,712 sqft · Land · 718 Days on market

Built 2017 0.28 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
• Schools +4.7/10.0
• Cash flow +3.8/30.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.1/10.0
• DSCR +0.0/10.0

Listing remarks MLS

You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

Key facts

• Rv garage potential
• 0.28 acre lot
• 2 garage spots

Tags

• RV GARAGE POTENTIAL
• FEATURED PLAN: THE AMELIA II
• IDEAL LOCATION: PALM BAY

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Septic tank; Water available
• Home design: Single family residence; One story; Faces southeast
• Construction: New construction; Block, concrete and stucco construction; Shingle roof; Built with foundation details not specified
• Exterior features: Irregular lot; No private pool

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Eat-in kitchen; Open floor plan; Pantry; Split bedrooms
• Laundry & utility: Washer hookup; Gas dryer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $439k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (42.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (49.3% below list).
• Recommended offer: $223k (49.3% 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); 1123 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% 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 $47k of equity ($3k loan paydown + $44k 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 ~$75k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 718 days — a 12% lower offer ($386k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask is 13% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $5k; list at $439k implies a 8680% 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 $222,592 (49.3% 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 718 days. Have you received any prior offers? Is the seller open to a 49% 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: 0.51% ✗
• Cap rate: 2.81%
• Cash-on-cash: -12.45%
• DSCR: 0.45
• GRM: 16.4

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: 15.7%
• Equity multiple: 2.30×
• Total profit: $159,407
• Equity at exit: $395,486

10-year hold

• IRR: 15.3%
• Equity multiple: 5.36×
• Total profit: $536,522
• Equity at exit: $852,880

Cash invested: $122,920 (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: 1123
• Price-to-rent: 16.4×

Monthly cashflow live

• Estimated rent: $2,226 high
• Mortgage (P&I): −$2,302
• Tax est. 1.5%: −$549 /mo · $6,585/yr
• Insurance: −$183
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $-1,275

Break-even live

Break-even rent $3,840

Max offer price $254,454

Occupancy floor —

Sensitivity live

Price	-10% $-972	-5% $-1,124	+0% $-1,275	+5% $-1,427	+10% $-1,579
Rent	-10% $-1,451	-5% $-1,363	+0% $-1,275	+5% $-1,187	+10% $-1,100
Rate	-1.0pp $-1,054	-0.5pp $-1,164	base $-1,275	+0.5pp $-1,389	+1.0pp $-1,505

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: $109,750
• Closing costs: $13,170
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	16d	1	0.10mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	25d	1	0.46mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	21d	1	0.54mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	16d	1	0.59mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	23d	1	0.63mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	21d	1	0.64mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	25d	1	0.66mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	25d	1	0.67mi
1290 Sail Ct SE Palm Bay, FL	3.0	2.0	1509	$1,945	$1.29	25d	1	0.69mi
1210 Vandalia Ave SE Palm Bay, FL	4.0	2.0	1833	$2,050	$1.12	16d	1	0.74mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	25d	1	0.79mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	25d	1	0.80mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	16d	8	0.81mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	25d	1	0.82mi
1224 Buffing Cir SE Palm Bay, FL	4.0	2.0	2233	$2,395	$1.07	16d	1	0.83mi
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	25d	1	0.88mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	25d	1	0.92mi
2910 Emerson Dr SE Palm Bay, FL	3.0	2.0	1700	$1,950	$1.15	16d	1	0.94mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	25d	1	0.98mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	21d	1	1.05mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	25d	1	1.14mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	25d	1	1.14mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	16d	30	1.19mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	16d	1	1.20mi
1643 Talavera St SE Palm Bay, FL	4.0	2.0	1833	$1,861	$1.02	21d	1	1.28mi
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	25d	1	1.28mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	25d	1	1.29mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	15d	1	1.34mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	16d	1	1.41mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	25d	1	1.42mi

Listing history 24 events

1. 2026-06-22
   days on market $439,000 Active 718 DOM
2. 2026-06-18
   days on market $439,000 Active 715 DOM
3. 2026-06-17
   days on market $439,000 Active 714 DOM
4. 2026-06-16
   days on market $439,000 Active 713 DOM
5. 2026-06-15
   days on market $439,000 Active 712 DOM
6. 2026-06-14
   days on market $439,000 Active 710 DOM
7. 2026-06-10
   days on market $439,000 Active 707 DOM
8. 2026-06-08
   days on market $439,000 Active 705 DOM
9. 2026-06-07
   days on market $439,000 Active 704 DOM
10. 2026-06-05
    days on market $439,000 Active 701 DOM
11. 2026-06-03
    days on market $439,000 Active 700 DOM
12. 2026-06-02
    days on market $439,000 Active 699 DOM
13. 2026-06-01
    days on market $439,000 Active 698 DOM
14. 2026-05-31
    days on market $439,000 Active 697 DOM
15. 2025-06-27
    price $439,000
16. 2024-07-01
    listed $389,900 Active
17. 2021-08-21
    historical 626-char remark

    Show marketing remark (626 chars)

    You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

18. 2021-04-06
    price $309,000 626-char remark

    Show marketing remark (626 chars)

    You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

19. 2020-03-13
    price $289,900 626-char remark

    Show marketing remark (626 chars)

    You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

20. 2020-03-13
    price $299,900 626-char remark

    Show marketing remark (626 chars)

    You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

21. 2017-02-15
    listed $289,000 Active 626-char remark

    Show marketing remark (626 chars)

    You can build an RV Garage on this lot too!!! Beautiful Lot, Perfect to build your dream home!! Ideal Location in Palm Bay. This Featured Plan is called ''The Amelia II''. Perfect for young families or those looking to downsize and yet still have all the benefits of a brand new home! Permitting has started, and this is perfect time to jump in for color selections, etc. to give the home your personal touch. * * * * Builder can easily add a RV Pad to this property (additional charge) * * * * Our most recent home, the San Cortez Model (pictures available on MLS 773348). Is a great example of the craftsmanship!

22. 2017-02-13
    soldstatus $5,000
23. 2017-02-09
    soldstatus $5,000 689-char remark

    Show marketing remark (689 chars)

    Over-Sized Single Family Residential Lots (Rs2 Zoning) available in Port Malabar Unit #11 of Palm Bay. Nicely located in the SE Section with CITY WATER availability, these lots are just 2.2 miles -5 minutes- to Publix Shopping, 3.7 miles -7 minutes- to Bayside High and Westside Elementary Schools, 2.7 miles -7 minutes- to the Shoppes of Palm Bay, and just 13 miles -29 minutes- to the beaches in Indialantic. From Exit #173 of I-95 go west on Malabar Road SE. Turn left on San Filippo Drive SE, right on Jupiter Boulevard SE, and left on Emerson Drive SE. Turn left on Cotorro Road SE and right onto Gulfport Road. The corner lot and adjacent lot on 1071 Grapefruit will be on your left.

24. 2016-06-01
    listed $9,300 689-char remark

    Show marketing remark (689 chars)

    Over-Sized Single Family Residential Lots (Rs2 Zoning) available in Port Malabar Unit #11 of Palm Bay. Nicely located in the SE Section with CITY WATER availability, these lots are just 2.2 miles -5 minutes- to Publix Shopping, 3.7 miles -7 minutes- to Bayside High and Westside Elementary Schools, 2.7 miles -7 minutes- to the Shoppes of Palm Bay, and just 13 miles -29 minutes- to the beaches in Indialantic. From Exit #173 of I-95 go west on Malabar Road SE. Turn left on San Filippo Drive SE, right on Jupiter Boulevard SE, and left on Emerson Drive SE. Turn left on Cotorro Road SE and right onto Gulfport Road. The corner lot and adjacent lot on 1071 Grapefruit will be on your left.

ⓘ 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 (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: $26,711
• − Mortgage interest: −$24,591
• − Property taxes: −$6,585
• − Insurance: −$2,195
• − Repairs & maintenance: −$2,137
• − Management: −$2,137
• − Depreciation: −$12,771
• Taxable loss: −$23,704
• Est. tax savings @ 24.0%: +$5,689
• After-tax cash flow: $-9,615/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

+4620.4% since first listed

10 events — show timeline

• 2025-06-27 Price Changed $439,000 SCMLS
• 2024-07-01 Listed $389,900 SCMLS
• 2021-08-21 Listing Removed — SCMLS
• 2021-04-06 Price Changed $309,000 SCMLS
• 2020-03-13 Price Changed $289,900 SCMLS
• 2020-03-13 Price Changed $299,900 SCMLS
• 2017-02-15 Listed $289,000 SCMLS
• 2017-02-13 Sold (Public Records) $5,000 Public Records
• 2017-02-09 Sold (MLS) $5,000 SCMLS
• 2016-06-01 Listed $9,300 SCMLS

Property tax history

+15.9%/yr

Latest (2025): $485 · +13.0% YoY. Source: county tax records.