876 Remsen Ave NW · Palm Bay, FL 32907

$165,000

3 bd · 2.0 ba · 1,957 sqft · SingleFamily public records · 5 Days on market

Built 1985 10,019 sqft lot

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Why this score? — see what drove the C+ 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 +25.7/30.0
• DSCR +8.6/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cash or Private mortgage only. Spacious 4-bedroom, 2-bath single-family home offering excellent potential for investors, flippers, or buyers looking to customize a property to their taste. Located in a desirable upscale neighborhood, this home features a large floor plan with bright, open living areas and plenty of natural light. The generously sized bedrooms provide comfortable living space, while the large backyard and patio offer great potential for entertaining, relaxing, or future improvements. With strong rental, resale, or long-term investment potential, this property is priced to sell and ready for its next owner to unlock its value.

Key facts

• Large floor plan
• Large backyard
• Patio

Tags

• LARGE FLOOR PLAN
• BRIGHT OPEN LIVING AREAS
• LARGE BACKYARD
• PATIO

Property features AI

Finance

• Other: Living area approximately 1,957; Lot about 0.23 acres

Exterior

• Parking: 2-car garage
• Utilities: Septic tank; Electricity available; Sewer available; Water available
• Home design: Single family residence; Frame construction
• Construction: Frame construction
• Exterior features: Lot includes miscellaneous/other features; East-facing

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).

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: Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL).
• Zoned-school proficiency averages 43% 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 flat; 739 active listings in the ZIP; 30 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 35% of the median local income ($75k/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 $1k of loan paydown is wiped out by about $5k 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $80k; list at $165k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.
• 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 $165,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.33% ✓
• Cap rate: 9.18%
• Cash-on-cash: 10.33%
• DSCR: 1.46
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.88×
• Total profit: $-5,734
• Equity at exit: $24,602

10-year hold

• IRR: 3.5%
• Equity multiple: 1.23×
• Total profit: $10,637
• Equity at exit: $14,266

Cash invested: $46,200 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,189 high
• Mortgage (P&I): −$865
• Tax from tax record: −$398 /mo · $4,774/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $398

Break-even live

Break-even rent $1,686

Max offer price $165,000

Occupancy floor 77%

Sensitivity live

Price	-10% $491	-5% $444	+0% $398	+5% $351	+10% $304
Rent	-10% $225	-5% $311	+0% $398	+5% $484	+10% $570
Rate	-1.0pp $481	-0.5pp $440	base $398	+0.5pp $355	+1.0pp $311

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1021 Locust Ave NW Palm Bay, FL	4.0	2.0	1724	$2,046	$1.19	14d	1	0.38mi
1100 Ipswich St NW Palm Bay, FL	4.0	2.0	1585	$2,295	$1.45	14d	1	0.44mi
1147 Jericho Ave NW Palm Bay, FL	3.0	2.0	1352	$1,700	$1.26	24d	1	0.48mi
983 Pyracantha St NW Palm Bay, FL	4.0	2.0	1659	$1,999	$1.20	24d	1	0.48mi
874 Altona St NW Palm Bay, FL	3.0	2.0	1488	$1,955	$1.31	24d	1	0.49mi
838 Gillen Ave NW Palm Bay, FL	3.0	2.0	1416	$1,900	$1.34	14d	1	0.68mi
673 Bremerhaven St NW Palm Bay, FL	4.0	2.0	1828	$2,400	$1.31	14d	1	0.68mi
866 Hanau Ave NW Palm Bay, FL	3.0	2.0	1552	$1,900	$1.22	24d	1	0.70mi
1337 Helvenston St NW Palm Bay, FL	3.0	2.0	1816	$1,900	$1.05	24d	1	0.74mi
916 Spring St NW Palm Bay, FL	3.0	2.0	1494	$1,800	$1.20	24d	1	0.78mi
614 Lynbrook St NW Palm Bay, FL	4.0	3.0	2097	$2,700	$1.29	24d	1	0.78mi
1405 Pace Dr NW Palm Bay, FL	4.0	2.0	1830	$2,500	$1.37	19d	1	0.80mi
1374 Jupiter Blvd NW Palm Bay, FL	3.0	2.0	1500	$1,895	$1.26	24d	1	0.81mi
1394 Gillott St NW Palm Bay, FL	4.0	2.0	2088	$2,405	$1.15	19d	1	0.82mi
237 Emerson Dr NW Palm Bay, FL	3.0	2.0	1501	$1,850	$1.23	14d	1	0.98mi
1197 Gallatin Ave NW Palm Bay, FL	3.0	2.0	1734	$1,965	$1.13	19d	1	1.00mi
609 Concha St NW Palm Bay, FL	4.0	2.0	1918	$2,200	$1.15	24d	1	1.02mi
1560 Gardenton St NW Palm Bay, FL	4.0	2.0	1828	$2,200	$1.20	24d	1	1.04mi
1019 Early Dr NW Palm Bay, FL	4.0	2.0	2088	$2,000	$0.96	14d	1	1.06mi
278 Emerson Dr NW Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	24d	1	1.10mi
1357 Sequoia Rd NW Palm Bay, FL	3.0	2.0	1874	$2,200	$1.17	24d	1	1.12mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	14d	1	1.13mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	14d	1	1.31mi
1357 Mineral Loop Dr NW Palm Bay, FL	3.0	2.0	1738	$2,150	$1.24	14d	1	1.31mi
1572 Holbrook Rd NW Palm Bay, FL	3.0	2.0	1256	$1,945	$1.55	24d	1	1.34mi
1492 Glencove Ave NW Palm Bay, FL	3.0	2.0	1679	$1,800	$1.07	24d	1	1.38mi
1743 Fairlight St NW Palm Bay, FL	4.0	2.0	1860	$2,250	$1.21	24d	1	1.39mi
1483 Jasper Ave NW Palm Bay, FL	3.0	2.0	1644	$1,800	$1.09	14d	1	1.41mi
1767 Delaware St NW Palm Bay, FL	3.0	2.0	2121	$2,250	$1.06	24d	1	1.41mi
1091 Wing Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.44mi

Listing history 4 events

1. 2026-06-14
   statusdays on market $165,000 Pending 5 DOM
2. 2026-06-10
   days on market $165,000 Active 3 DOM
3. 2026-06-08
   remarks 649-char remark
4. 2026-06-08
   listed $165,000 Active 1 DOM

ⓘ 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: $4,774 · $398/mo
• Projected year-2 tax: $4,774 · $398/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 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: $26,270
• − Mortgage interest: −$9,243
• − Property taxes: −$4,774
• − Insurance: −$825
• − Repairs & maintenance: −$2,102
• − Management: −$2,102
• − Depreciation: −$4,800
• Taxable income: $2,425
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $4,189/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+114.3% since first listed

3 events — show timeline

• 2026-06-05 Listed $165,000 SCMLS
• 1989-06-01 Sold (Public Records) $79,900 Public Records
• 1989-03-01 Sold (Public Records) $77,000 Public Records

Property tax history

+17.9%/yr

Latest (2025): $4,774 · -5.8% YoY. Source: county tax records.