2826 2830 Hester Ave · Palm Bay, FL 32909

$299,000

None bd · None ba · — sqft · MultiFamily · 271 Days on market

Built 2025 ↓ 25% since listing

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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
• Cash flow +6.7/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.9/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

Key facts

• 4 garage spots
• Built 2025
• Listed 271 days

Property features AI

Exterior

• Parking: Attached or detached 4-car garage; Driveway with covered parking for 4 vehicles
• Utilities: Public water
• Home design: 2-story property; New construction (under construction); Faces east; Zoned for multifamily
• Construction: Block construction
• Exterior features: Quarter- to half-acre lot; No notable exterior features listed

Interior

• Interior features: First-floor entry

What this means for you Summary

Snapshot

• This is a multifamily listed at $299k.

Deal economics

• At list price, monthly cash flow is $-484 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (23.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (33.0% below list).
• Recommended offer: $200k (33.0% 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; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 30% 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 $32k of equity ($2k loan paydown + $30k 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 ~$51k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 271 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts 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.

Recommended offer $200,276 (33.0% 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 271 days. Have you received any prior offers? Is the seller open to a 33% 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.67% ✗
• Cap rate: 4.35%
• Cash-on-cash: -6.94%
• DSCR: 0.69
• GRM: 12.4

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: 19.6%
• Equity multiple: 2.59×
• Total profit: $133,397
• Equity at exit: $269,363

10-year hold

• IRR: 18.1%
• Equity multiple: 6.02×
• Total profit: $419,977
• Equity at exit: $580,891

Cash invested: $83,720 (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: 12.4×

Monthly cashflow live

• Estimated rent: $2,003 high
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $-484

Break-even live

Break-even rent $2,616

Max offer price $228,944

Occupancy floor —

Sensitivity live

Price	-10% $-278	-5% $-381	+0% $-484	+5% $-587	+10% $-691
Rent	-10% $-642	-5% $-563	+0% $-484	+5% $-405	+10% $-326
Rate	-1.0pp $-334	-0.5pp $-408	base $-484	+0.5pp $-562	+1.0pp $-640

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1649 Belem St SE Unit A 1 Palm Bay, FL	3.0	2.0	—	$1,800	—	25d	1	0.21mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	20d	1	0.51mi
1498 Beche St SE Palm Bay, FL	3.0	2.0	—	$2,600	—	25d	1	0.56mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	16d	1	0.70mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	0.79mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	23d	1	0.81mi
1624 Javier St Unit A Palm Bay, FL	3.0	2.0	—	$1,850	—	16d	1	0.84mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	16d	1	0.92mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	16d	1	0.94mi
1625 Santos St SE Unit A Palm Bay, FL	2.0	1.0	900	$1,350	$1.50	20d	1	0.98mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	20d	1	0.99mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	25d	1	1.23mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	25d	1	1.34mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	25d	1	1.45mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	1.50mi

Listing history 40 events

1. 2026-06-22
   days on market $299,000 Active 271 DOM
2. 2026-06-18
   days on market $299,000 Active 268 DOM
3. 2026-06-17
   days on market $299,000 Active 267 DOM
4. 2026-06-16
   days on market $299,000 Active 266 DOM
5. 2026-06-15
   days on market $299,000 Active 265 DOM
6. 2026-06-14
   days on market $299,000 Active 263 DOM
7. 2026-06-10
   days on market $299,000 Active 260 DOM
8. 2026-06-08
   days on market $299,000 Active 258 DOM
9. 2026-06-07
   days on market $299,000 Active 257 DOM
10. 2026-06-05
    days on market $299,000 Active 254 DOM
11. 2026-06-03
    days on market $299,000 Active 253 DOM
12. 2026-06-02
    days on market $299,000 Active 252 DOM
13. 2026-06-01
    days on market $299,000 Active 251 DOM
14. 2026-05-31
    days on market $299,000 Active 250 DOM
15. 2026-05-31
    days on market $299,000 Active 249 DOM
16. 2026-03-12
    price $299,000

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

17. 2026-03-12
    status Active

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

18. 2026-03-12
    price $299,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

19. 2026-03-11
    status Active 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

20. 2026-02-05
    status Pending 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

21. 2026-02-05
    status Active 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

22. 2026-02-05
    price $399,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

23. 2025-12-23
    status Pending 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

24. 2025-12-22
    status Active 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

25. 2025-11-26
    status Pending

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

26. 2025-11-26
    status Pending 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

27. 2025-11-13
    price $199,000

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

28. 2025-11-13
    status Active

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

29. 2025-11-13
    price $199,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

30. 2025-11-13
    status Active 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

31. 2025-10-26
    status Pending

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

32. 2025-10-26
    status Pending 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

33. 2025-10-24
    price $225,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

34. 2025-09-21
    price $249,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

35. 2025-08-29
    price $259,000

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

36. 2025-08-29
    price $259,000 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

37. 2025-05-21
    listed $299,000 Active

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

38. 2025-05-21
    listed $299,000 Active 443-char remark

    Show marketing remark (443 chars)

    FOR SALE: INCREDIBLE VALUE! SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER! Two half-built 4BR/3.5BA Units: Total Living Space: 4,458 SF (2,229 SF per unit) Total Under Roof: 6,892 SF including garages & porches Big Size Garage Space: 1,094 SF (547 SF per unit) Covered Porches: 1,238 SF total Per Unit Breakdown: Lower Level: 1,245 SF living + 547 SF garage + 200 SF porches Upper Level: 984 SF living + 470 SF porches

39. 2025-05-06
    historical 411-char remark

    Show marketing remark (411 chars)

    Investor Developer Opportunity! Selling a partially-completed concrete block 2-story duplex in SE Palm Bay. Construction on the 1st floor is completed and waiting for you to take over and enjoy the benefits of completing this project. Existing plans will transfer. Complete the construction and either live in one and rent the other or sell both and make a large profit! Take advantage of this opportunity now!

40. 2025-02-17
    listed $399,000 Active 411-char remark

    Show marketing remark (411 chars)

    Investor Developer Opportunity! Selling a partially-completed concrete block 2-story duplex in SE Palm Bay. Construction on the 1st floor is completed and waiting for you to take over and enjoy the benefits of completing this project. Existing plans will transfer. Complete the construction and either live in one and rent the other or sell both and make a large profit! Take advantage of this opportunity now!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $24,033
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − Depreciation: −$8,698
• Taxable loss: −$11,239
• Est. tax savings @ 24.0%: +$2,697
• After-tax cash flow: $-3,112/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

-25.1% since first listed

25 events — show timeline

• 2026-03-12 Price Changed $299,000 MARMLS
• 2026-03-12 Relisted — MARMLS
• 2026-03-12 Price Changed $299,000 SCMLS
• 2026-03-11 Relisted — SCMLS
• 2026-02-05 Pending — SCMLS
• 2026-02-05 Relisted — SCMLS
• 2026-02-05 Price Changed $399,000 SCMLS
• 2025-12-23 Pending — SCMLS
• 2025-12-22 Relisted — SCMLS
• 2025-11-26 Pending — MARMLS
• 2025-11-26 Pending — SCMLS
• 2025-11-13 Price Changed $199,000 MARMLS
• 2025-11-13 Relisted — MARMLS
• 2025-11-13 Price Changed $199,000 SCMLS
• 2025-11-13 Relisted — SCMLS
• 2025-10-26 Pending — MARMLS
• 2025-10-26 Pending — SCMLS
• 2025-10-24 Price Changed $225,000 SCMLS
• 2025-09-21 Price Changed $249,000 SCMLS
• 2025-08-29 Price Changed $259,000 MARMLS
• 2025-08-29 Price Changed $259,000 SCMLS
• 2025-05-21 Listed $299,000 SCMLS
• 2025-05-21 Listed $299,000 MARMLS
• 2025-05-06 Listing Removed — SCMLS
• 2025-02-17 Listed $399,000 SCMLS