2713 Gabboys Ave SE · Palm Bay, FL 32909

$439,900

4 bd · 3.0 ba · 2,435 sqft · Land · 176 Days on market

Built 2026 10,018 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Cash flow +4.4/30.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.4/10.0
• DSCR +0.0/10.0

Listing remarks MLS

This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

Key facts

• Three-car garage
• Flex space
• Vaulted ceilings

Tags

• DOUBLE-WIDE FRONT DOOR
• VAULTED CEILINGS
• FLEX SPACE
• THREE-CAR 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 land listed at $440k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (37.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (45.6% below list).
• Recommended offer: $239k (45.6% 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 (+3.7%/yr); 1123 active listings in the ZIP; 20 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 36% 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 ~$76k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 176 days — a 12% lower offer ($387k) 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 $45k; list at $440k implies a 878% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,431 (45.6% 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 176 days. Have you received any prior offers? Is the seller open to a 46% 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: 0.54% ✗
• Cap rate: 3.16%
• Cash-on-cash: -11.19%
• DSCR: 0.50
• GRM: 15.3

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: 16.6%
• Equity multiple: 2.36×
• Total profit: $168,091
• Equity at exit: $396,297

10-year hold

• IRR: 15.9%
• Equity multiple: 5.51×
• Total profit: $555,986
• Equity at exit: $854,629

Cash invested: $123,172 (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: 15.3×

Monthly cashflow live

• Estimated rent: $2,394 high
• Mortgage (P&I): −$2,307
• Tax est. 1.5%: −$550 /mo · $6,598/yr
• Insurance: −$183
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $-1,149

Break-even live

Break-even rent $3,848

Max offer price $273,704

Occupancy floor —

Sensitivity live

Price	-10% $-845	-5% $-997	+0% $-1,149	+5% $-1,301	+10% $-1,453
Rent	-10% $-1,338	-5% $-1,243	+0% $-1,149	+5% $-1,054	+10% $-959
Rate	-1.0pp $-927	-0.5pp $-1,037	base $-1,149	+0.5pp $-1,263	+1.0pp $-1,378

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: $109,975
• Closing costs: $13,197
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.38mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	0.38mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.38mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.43mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	0.55mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	0.59mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	0.68mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.79mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	16d	1	0.83mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	0.92mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	16d	1	0.92mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	0.93mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	0.93mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	1.00mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	25d	1	1.17mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.20mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	25d	1	1.26mi
2437 Hagoplan Ave SW Palm Bay, FL	3.0	2.0	1840	$2,150	$1.17	25d	1	1.26mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.30mi
448 Saint Andre Blvd SW Palm Bay, FL	4.0	2.0	2088	$4,000	$1.92	25d	1	1.31mi

Listing history 19 events

1. 2026-04-07
   status Pending 842-char remark

   Show marketing remark (842 chars)

   This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

2. 2026-04-02
   status Pending
3. 2026-03-18
   historical 842-char remark

   Show marketing remark (842 chars)

   This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

4. 2026-03-18
   historical

   Show marketing remark (842 chars)

   This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

5. 2026-02-03
   price $439,900
6. 2026-02-02
   price $440,000
7. 2026-01-21
   price $440,000 842-char remark

   Show marketing remark (842 chars)

   This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

8. 2026-01-13
   price $445,000 842-char remark

   Show marketing remark (842 chars)

   This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

9. 2026-01-09
   price $434,900
10. 2025-10-29
    listed $435,000 Active 842-char remark

    Show marketing remark (842 chars)

    This home offers a grand and luxurious living experience. This four-bedroom, three-bathroom with a flex space home features a two-car garage. Optional pool dont through pool company separately for example purposes. Exterior & Entry: Approaching the home, you are greeted by a striking facade and a double-wide front door, creating a grand and welcoming entrance. This impressive entry sets the tone for the spacious interior. Interior Living Spaces: Upon entering, you are immediately welcomed into the heart of the home, an expansive and wide-open great room with soaring 9'4″ vaulted ceilings. This central space seamlessly connects the kitchen, dining, and living areas, making it perfect for entertaining and family gatherings. Large windows flood the area with natural light, enhancing the sense of space and airiness.

11. 2025-09-26
    soldstatus $45,000
12. 2025-09-23
    listed $435,000 Active
13. 2025-09-19
    soldstatus $45,000 Closed 635-char remark

    Show marketing remark (635 chars)

    ''Explore the ideal location in the growing SE, Palm Bay, AND EASY OWNER FINANCING, This prime lot offers more than just space—it's nestled near schools and shopping, making it an optimal choice for convenience and accessibility. With easy owner financing available, seize the opportunity to secure this prime piece of real estate today. Don't miss out on this exceptional investment opportunity with an office addendum included in docs along with financing terms for hassle-free transactions. Act now and unlock the potential of this promising property!'' BUY WITH CONFIDENCE> ANY ISSUE?? SWITCH WITH ANOTHER IN OUR INVENTORY

14. 2025-08-19
    status Pending 635-char remark

    Show marketing remark (635 chars)

    ''Explore the ideal location in the growing SE, Palm Bay, AND EASY OWNER FINANCING, This prime lot offers more than just space—it's nestled near schools and shopping, making it an optimal choice for convenience and accessibility. With easy owner financing available, seize the opportunity to secure this prime piece of real estate today. Don't miss out on this exceptional investment opportunity with an office addendum included in docs along with financing terms for hassle-free transactions. Act now and unlock the potential of this promising property!'' BUY WITH CONFIDENCE> ANY ISSUE?? SWITCH WITH ANOTHER IN OUR INVENTORY

15. 2025-02-09
    status Active 635-char remark

    Show marketing remark (635 chars)

    ''Explore the ideal location in the growing SE, Palm Bay, AND EASY OWNER FINANCING, This prime lot offers more than just space—it's nestled near schools and shopping, making it an optimal choice for convenience and accessibility. With easy owner financing available, seize the opportunity to secure this prime piece of real estate today. Don't miss out on this exceptional investment opportunity with an office addendum included in docs along with financing terms for hassle-free transactions. Act now and unlock the potential of this promising property!'' BUY WITH CONFIDENCE> ANY ISSUE?? SWITCH WITH ANOTHER IN OUR INVENTORY

16. 2024-12-03
    status Pending 635-char remark

    Show marketing remark (635 chars)

    ''Explore the ideal location in the growing SE, Palm Bay, AND EASY OWNER FINANCING, This prime lot offers more than just space—it's nestled near schools and shopping, making it an optimal choice for convenience and accessibility. With easy owner financing available, seize the opportunity to secure this prime piece of real estate today. Don't miss out on this exceptional investment opportunity with an office addendum included in docs along with financing terms for hassle-free transactions. Act now and unlock the potential of this promising property!'' BUY WITH CONFIDENCE> ANY ISSUE?? SWITCH WITH ANOTHER IN OUR INVENTORY

17. 2024-12-02
    listed $45,000 Active 635-char remark

    Show marketing remark (635 chars)

    ''Explore the ideal location in the growing SE, Palm Bay, AND EASY OWNER FINANCING, This prime lot offers more than just space—it's nestled near schools and shopping, making it an optimal choice for convenience and accessibility. With easy owner financing available, seize the opportunity to secure this prime piece of real estate today. Don't miss out on this exceptional investment opportunity with an office addendum included in docs along with financing terms for hassle-free transactions. Act now and unlock the potential of this promising property!'' BUY WITH CONFIDENCE> ANY ISSUE?? SWITCH WITH ANOTHER IN OUR INVENTORY

18. 1999-10-05
    soldstatus $666,700
19. 1997-12-19
    soldstatus $249,600

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $28,732
• − Mortgage interest: −$24,641
• − Property taxes: −$6,598
• − Insurance: −$2,200
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$12,797
• Taxable loss: −$22,102
• Est. tax savings @ 24.0%: +$5,304
• After-tax cash flow: $-8,478/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

+76.2% since first listed

19 events — show timeline

• 2026-04-07 Pending — SCMLS
• 2026-04-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Listing Removed — SCMLS
• 2026-02-03 Price Changed $439,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $440,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Price Changed $440,000 SCMLS
• 2026-01-13 Price Changed $445,000 SCMLS
• 2026-01-09 Price Changed $434,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-29 Listed $435,000 SCMLS
• 2025-09-26 Sold (Public Records) $45,000 Public Records
• 2025-09-23 Listed $435,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-19 Sold (MLS) $45,000 SCMLS
• 2025-08-19 Pending — SCMLS
• 2025-02-09 Relisted — SCMLS
• 2024-12-03 Pending — SCMLS
• 2024-12-02 Listed $45,000 SCMLS
• 1999-10-05 Sold (Public Records) $666,700 Public Records
• 1997-12-19 Sold (Public Records) $249,600 Public Records

Property tax history

+12.4%/yr

Latest (2025): $308 · +9.1% YoY. Source: county tax records.