1230 Destiny St SE · Palm Bay, FL 32909

$444,000

4 bd · 3.0 ba · 2,558 sqft · Land · 149 Days on market

Built 2026 10,019 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 +4.5/30.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Perfect location to build your dream home. Surrounded by newer homes and developments indicating the possibilities of major growth in upcoming neighborhoods. Living the Florida lifestyle in this area of Palm Bay can offer advantages such as access to modern amenities, updated infrastructure, and proximity to Bayside Lakes shopping centers, recreational facilities, and other conveniences. Partially cleared.

Key facts

• Dedicated den
• Open living space
• Tile flooring

Tags

• NEW CONSTRUCTION HOME
• DEDICATED DEN
• OPEN LIVING SPACE
• MOHAWK REVWOOD PLANK FLOORING
• TILE FLOORING
• STAGGERED WHITE CABINETS

Property features AI

Exterior

• Parking: Attached 2-car garage with garage door opener
• Security: Smoke detector(s)
• Utilities: Septic tank; Cable available; Electricity connected; Water connected
• Home design: Single family residence; One story; North facing
• Construction: Block and stucco construction; Shingle roof
• Exterior features: Covered rear porch; Storm shutters; Smoke detectors

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Pantry; Breakfast bar
• Bedrooms: 4 bedrooms; Imagination room / office
• Flooring: Vinyl flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Breakfast bar; Pantry; Primary bathroom with tub and separate shower; Split bedrooms; Vaulted ceilings; 9 total rooms; Porch
• Laundry & utility: Washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $444k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (37.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $244k (45.0% below list).
• Recommended offer: $244k (45.0% 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: 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); 1123 active listings in the ZIP; 22 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).
• This rent runs 37% 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 149 days — a 12% lower offer ($391k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $50k; list at $444k implies a 790% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $244,048 (45.0% 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 149 days. Have you received any prior offers? Is the seller open to a 45% 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: 0.55% ✗
• Cap rate: 3.21%
• Cash-on-cash: -11.01%
• DSCR: 0.51
• GRM: 15.2

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: 16.7%
• Equity multiple: 2.37×
• Total profit: $170,875
• Equity at exit: $399,990

10-year hold

• IRR: 16.0%
• Equity multiple: 5.54×
• Total profit: $563,843
• Equity at exit: $862,594

Cash invested: $124,320 (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: 15.2×

Monthly cashflow live

• Estimated rent: $2,440 high
• Mortgage (P&I): −$2,328
• Tax est. 1.5%: −$555 /mo · $6,660/yr
• Insurance: −$185
• HOA: −$0
• Vacancy / Maint / Mgmt: −$513
• Net cashflow: $-1,140

Break-even live

Break-even rent $3,884

Max offer price $278,983

Occupancy floor —

Sensitivity live

Price	-10% $-834	-5% $-987	+0% $-1,140	+5% $-1,294	+10% $-1,447
Rent	-10% $-1,333	-5% $-1,237	+0% $-1,140	+5% $-1,044	+10% $-948
Rate	-1.0pp $-917	-0.5pp $-1,027	base $-1,140	+0.5pp $-1,255	+1.0pp $-1,372

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: $111,000
• Closing costs: $13,320
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	21d	1	0.17mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	25d	1	0.46mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	21d	1	0.69mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	25d	1	0.74mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	0.87mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	0.95mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	1.02mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	1.04mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.05mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	1.07mi
2242 Mantilla Ave SE Palm Bay, FL	5.0	2.0	2516	$2,176	$0.86	23d	1	1.15mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	16d	1	1.19mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	25d	1	1.19mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	1.27mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	1.29mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	1.29mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	1.33mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.40mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	21d	1	1.44mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	1.48mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	21d	1	1.49mi
3517 Rixford Way SE Palm Bay, FL	4.0	3.0	2562	$2,800	$1.09	25d	1	1.50mi

Listing history 22 events

1. 2026-06-22
   days on market $444,000 Active 149 DOM
2. 2026-06-18
   days on market $444,000 Active 146 DOM
3. 2026-06-17
   days on market $444,000 Active 145 DOM
4. 2026-06-16
   days on market $444,000 Active 144 DOM
5. 2026-06-15
   days on market $444,000 Active 143 DOM
6. 2026-06-14
   days on market $444,000 Active 141 DOM
7. 2026-06-10
   days on market $444,000 Active 138 DOM
8. 2026-06-08
   days on market $444,000 Active 136 DOM
9. 2026-06-07
   days on market $444,000 Active 135 DOM
10. 2026-06-05
    days on market $444,000 Active 132 DOM
11. 2026-06-03
    days on market $444,000 Active 131 DOM
12. 2026-06-02
    days on market $444,000 Active 130 DOM
13. 2026-06-01
    days on market $444,000 Active 129 DOM
14. 2026-05-31
    days on market $444,000 Active 128 DOM
15. 2026-05-31
    days on market $444,000 Active 127 DOM
16. 2026-05-12
    price $444,000
17. 2026-03-18
    price $449,900
18. 2026-01-23
    listed $453,900 Active
19. 2024-09-19
    soldstatus $49,900
20. 2023-06-02
    historical 409-char remark

    Show marketing remark (409 chars)

    Perfect location to build your dream home. Surrounded by newer homes and developments indicating the possibilities of major growth in upcoming neighborhoods. Living the Florida lifestyle in this area of Palm Bay can offer advantages such as access to modern amenities, updated infrastructure, and proximity to Bayside Lakes shopping centers, recreational facilities, and other conveniences. Partially cleared.

21. 2023-05-30
    historical Contingent 409-char remark

    Show marketing remark (409 chars)

    Perfect location to build your dream home. Surrounded by newer homes and developments indicating the possibilities of major growth in upcoming neighborhoods. Living the Florida lifestyle in this area of Palm Bay can offer advantages such as access to modern amenities, updated infrastructure, and proximity to Bayside Lakes shopping centers, recreational facilities, and other conveniences. Partially cleared.

22. 2023-05-15
    listed $48,000 Active 409-char remark

    Show marketing remark (409 chars)

    Perfect location to build your dream home. Surrounded by newer homes and developments indicating the possibilities of major growth in upcoming neighborhoods. Living the Florida lifestyle in this area of Palm Bay can offer advantages such as access to modern amenities, updated infrastructure, and proximity to Bayside Lakes shopping centers, recreational facilities, and other conveniences. Partially cleared.

ⓘ 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 · 20 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: $29,286
• − Mortgage interest: −$24,871
• − Property taxes: −$6,660
• − Insurance: −$2,220
• − Repairs & maintenance: −$2,343
• − Management: −$2,343
• − Depreciation: −$12,916
• Taxable loss: −$22,067
• Est. tax savings @ 24.0%: +$5,296
• After-tax cash flow: $-8,389/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

+825.0% since first listed

7 events — show timeline

• 2026-05-12 Price Changed $444,000 SCMLS
• 2026-03-18 Price Changed $449,900 SCMLS
• 2026-01-23 Listed $453,900 SCMLS
• 2024-09-19 Sold (Public Records) $49,900 Public Records
• 2023-06-02 Listing Removed — SCMLS
• 2023-05-30 Contingent — SCMLS
• 2023-05-15 Listed $48,000 SCMLS

Property tax history

+20.6%/yr

Latest (2025): $793 · +124.0% YoY. Source: county tax records.