190 Stephenson Dr · West Melbourne, FL 32904

$265,000

3 bd · 2.0 ba · 1,984 sqft · SingleFamily public records · 183 Days on market

Built 1961 0.27 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).

• Cash flow +18.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• Schools +4.7/10.0
• 1% rule +4.1/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

Key facts

• Water heater
• No hoa
• Hvac system

Tags

• NO HOA
• NO RENTAL RESTRICTIONS
• NEW ROOF
• HVAC SYSTEM
• WATER HEATER
• FULLY FENCED BACKYARD

Property features AI

Finance

• Other: Homestead exempt; No CDD; Lot dimensions approximately 84 x 138 (0.27 acres); Asphalt road access; Living area reported as 1,946; Building area reported as 1,984

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable available; High-speed/ broadband internet available
• Home design: Single-family residence; One story; Faces west; Residential zoning (R1A)
• Construction: Frame construction; Shingle roof; Slab foundation; Built on one level
• Exterior features: Private mailbox; Sidewalk; Storage

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Central air conditioning
• Interior features: Eat-in kitchen; Split bedroom layout; Total of 5 rooms
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $242k (8.6% below list).
• Recommended offer: $233k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#73 in FL, #1,214 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, schools A; Watch: commute D+, amenities F.
• 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.
• Market conditions: Rents soft (-0.3%/yr); 304 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 32% of the median local income ($91k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 183 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $64k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 183 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 1961 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 7.41%
• Cash-on-cash: 4.00%
• DSCR: 1.18
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.54×
• Total profit: $-34,369
• Equity at exit: $39,512

10-year hold

• IRR: -9.3%
• Equity multiple: 0.50×
• Total profit: $-37,359
• Equity at exit: $22,912

Cash invested: $74,200 (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 32904

• Rents YoY: -0.3%
• Active inventory: 304
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,422 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$166 /mo · $1,994/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$509
• Net cashflow: $247

Break-even live

Break-even rent $2,109

Max offer price $265,000

Occupancy floor 85%

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
193 Dayton Blvd Melbourne Village, FL	3.0	2.5	1656	$2,500	$1.51	23d	1	0.34mi
195 Dayton Blvd Melbourne, FL	3.0	2.5	1656	$2,500	$1.51	23d	1	0.35mi
197 Dayton Blvd Melbourne Village, FL	3.0	2.5	1656	$2,500	$1.51	23d	1	0.35mi
2114 Nebula Way West Melbourne, FL	1.0–2.0	1.0–2.0	982	$2,031	$2.07	14d	15	0.42mi
4850 Heritage Lakes BLVD West Melbourne, FL	1.0–3.0	1.0–2.5	1018	$2,444	$2.40	14d	119	0.53mi
282 W Laila Dr Melbourne, FL	4.0	2.0	1732	$2,499	$1.44	23d	1	0.59mi
561 Parker Rd Melbourne, FL	4.0	2.0	1623	$2,300	$1.42	19d	1	0.70mi
8555 Henry Ave Melbourne, FL	4.0	3.0	2105	$2,700	$1.28	14d	1	1.14mi
760 John Adams Ln Melbourne, FL	3.0	2.0	1288	$1,950	$1.51	23d	1	1.23mi
49 Piney Branch Way Unit A Melbourne, FL	2.0	2.5	1288	$1,600	$1.24	14d	1	1.32mi

Listing history 26 events

1. 2026-05-05
   status Pending 990-char remark

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

2. 2026-05-05
   status Pending

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

3. 2026-04-28
   price $265,000

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

4. 2026-04-28
   price $265,000 990-char remark

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

5. 2026-04-10
   price $279,900 990-char remark

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

6. 2026-04-10
   price $279,900

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

7. 2026-03-09
   status Active 990-char remark

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

8. 2026-03-09
   status Active

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

9. 2026-02-17
   status Pending 990-char remark

   Show marketing remark (990 chars)

   One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

10. 2026-02-17
    status Pending

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

11. 2026-02-13
    price $289,900

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

12. 2026-02-13
    price $289,900 990-char remark

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

13. 2025-12-20
    price $299,000

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

14. 2025-12-20
    price $299,000 990-char remark

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

15. 2025-11-17
    price $319,000

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

16. 2025-11-17
    price $319,000 990-char remark

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

17. 2025-10-13
    listed $329,000 Active 990-char remark

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

18. 2025-10-13
    listed $329,000 Active

    Show marketing remark (990 chars)

    One or more photo(s) have been virtually staged. STABILIZED FOUNDATION & GUARANTEED -- 2021 ROOF, HVAC, & WATER HEATER Buy with absolute confidence in this West Melbourne residence where the ''heavy lifting'' is already done. While many area homes face hidden settlement issues, this property features a fully stabilized foundation with a professional repair and a warranty--offering structural certainty rarely found on the market. INSURANCE-READY & HIGH-VALUE UPDATES: 2021 Major Systems: New ROOF, new HVAC, and new WATER HEATER ensure a smooth 4-point inspection and lower insurance premiums. Oversized Lot: 0.27-acre fully fenced lot with NO HOA. Room for a pool, workshop, or RV/Boat storage. Versatile Living: 1,946 sq. ft. of functional space near Melbourne Airport and major aerospace employers. Ideal for a primary residence or high-yield rental/Airbnb. Mechanically and structurally sound--bring your vision to the cosmetic finishes! Schedule your tour today.

19. 2021-08-18
    soldstatus $250,000
20. 2021-04-19
    soldstatus $109,233 Closed 144-char remark

    Show marketing remark (144 chars)

    Excellent opportunity close to jobs , schools and shopping . MULTI OFFERS EXIST . PLEASE SUBMIT HIGHEST AND BEST OFFER BY 5PM EST 03/25/2021 . .

21. 2021-03-30
    historical Backups 144-char remark

    Show marketing remark (144 chars)

    Excellent opportunity close to jobs , schools and shopping . MULTI OFFERS EXIST . PLEASE SUBMIT HIGHEST AND BEST OFFER BY 5PM EST 03/25/2021 . .

22. 2021-03-17
    listed $65,000 Active 144-char remark

    Show marketing remark (144 chars)

    Excellent opportunity close to jobs , schools and shopping . MULTI OFFERS EXIST . PLEASE SUBMIT HIGHEST AND BEST OFFER BY 5PM EST 03/25/2021 . .

23. 1990-02-01
    soldstatus $56,000
24. 1985-08-01
    soldstatus $38,000
25. 1985-08-01
    soldstatus $41,300
26. 1972-01-02
    soldstatus $12,900

ⓘ 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: $1,994 · $166/mo
• Projected year-2 tax: $2,200 · $183/mo
• Expected delta: +$206/yr (+$17/mo · 10.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $29,063
• − Mortgage interest: −$14,844
• − Property taxes: −$1,994
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,325
• − Management: −$2,325
• − Depreciation: −$7,709
• Taxable loss: −$1,459
• Est. tax savings @ 24.0%: +$350
• After-tax cash flow: $3,315/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 — West Melbourne

• Score: 82/100
• State rank: #73
• US rank: #1214

Category grades

Amenities F Commute D+ Cost of living B Crime A- Employment A+ Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Melbourne, FL
• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 37,241
• Household income: $90,673
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 597.0

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: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 10% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 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: ▼ -195.98%
• Current HPI: 304.2546
• Rent YoY: ▼ -0.32%
• 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

+1954.3% since first listed

26 events — show timeline

• 2026-05-05 Pending — SCMLS
• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Price Changed $265,000 SCMLS
• 2026-04-10 Price Changed $279,900 SCMLS
• 2026-04-10 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-09 Relisted — SCMLS
• 2026-03-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Pending — SCMLS
• 2026-02-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $289,900 SCMLS
• 2025-12-20 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-20 Price Changed $299,000 SCMLS
• 2025-11-17 Price Changed $319,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-17 Price Changed $319,000 SCMLS
• 2025-10-13 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-13 Listed $329,000 SCMLS
• 2021-08-18 Sold (Public Records) $250,000 Public Records
• 2021-04-19 Sold (MLS) $109,233 SCMLS
• 2021-03-30 Contingent — SCMLS
• 2021-03-17 Listed $65,000 SCMLS
• 1990-02-01 Sold (Public Records) $56,000 Public Records
• 1985-08-01 Sold (Public Records) $41,300 Public Records
• 1985-08-01 Sold (Public Records) $38,000 Public Records
• 1972-01-02 Sold (Public Records) $12,900 Public Records

Property tax history

+11.9%/yr

Latest (2025): $1,994 · +3.9% YoY. Source: county tax records.