1166 Alpine Ave NW · Palm Bay, FL 32907

$235,000

3 bd · 2.0 ba · 1,136 sqft · SingleFamily public records · 119 Days on market

Built 1991 10,454 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).

• Cash flow +13.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Perfect investment home offers a comfortable and well-maintained living experience in a convenient Palm Bay location. This inviting home features a bright, open layout with plenty of natural light, creating a warm atmosphere ideal for both daily living and entertaining. The kitchen provides ample storage and easy flow, while the spacious bedrooms offer privacy and flexibility for family, guests, or a home office. The large yard expands your options with room to garden, play, or design your own outdoor retreat. Situated near shopping, dining, parks, and major roadways, this property delivers everyday convenience in a growing community. Whether you're a first-time buyer, downsizing, or seekin

Key facts

• Near dining
• Near shopping
• Large yard

Tags

• AMPLE STORAGE
• LARGE YARD
• NEAR SHOPPING
• NEAR DINING
• NEAR PARKS
• NEAR MAJOR ROADWAYS

Property features AI

Exterior

• Parking: Attached garage with garage door opener; RV access/parking; 2-car garage
• Utilities: Septic tank; Cable available; Electricity available and connected
• Home design: Single-family residence; One story; Entry on level 1; Facing east
• Construction: Frame construction; Shingle and wood roof
• Exterior features: Covered, screened and glass-enclosed rear porch; Patio/porch with screened and glass-enclosed options; Wooded lot; City street frontage; Asphalt road access

Interior

• Kitchen: Dishwasher; Eat-in kitchen; Pantry; Open floorplan connecting kitchen to living areas
• Bedrooms: 3 bedrooms (primary downstairs)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Open floorplan; Pantry; Primary bedroom on main floor; Split bedroom layout; Vaulted ceilings; Walk-in closets
• Laundry & utility: Laundry on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $7 ($82/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 $207k (11.8% below list).
• Recommended offer: $207k (11.8% 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: Discovery Elementary School (math 45% / reading 49%, grade D-, #1,191 of 2,144 statewide, top 57%, 641 students, 69% FRL); 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 schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 750 active listings in the ZIP; 5 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 33% 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 $2k of loan paydown is wiped out by about $7k 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 119 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Risks & watch-outs

• 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 $207,205 (11.8% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.88% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.12%
• DSCR: 1.01
• GRM: 9.5

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: -18.5%
• Equity multiple: 0.36×
• Total profit: $-41,837
• Equity at exit: $35,039

10-year hold

• IRR: -15.5%
• Equity multiple: 0.20×
• Total profit: $-52,372
• Equity at exit: $20,319

Cash invested: $65,800 (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: 750
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,072 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$300 /mo · $3,597/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $7

Break-even live

Break-even rent $2,063

Max offer price $235,000

Occupancy floor 95%

Sensitivity live

Price	-10% $140	-5% $73	+0% $7	+5% $-60	+10% $-126
Rent	-10% $-157	-5% $-75	+0% $7	+5% $89	+10% $171
Rate	-1.0pp $125	-0.5pp $67	base $7	+0.5pp $-54	+1.0pp $-116

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1460 Cass Ave NW Palm Bay, FL	3.0	2.0	1254	$1,765	$1.41	25d	1	0.65mi
1649 Cains Ave NW Palm Bay, FL	3.0	2.0	1294	$2,000	$1.55	25d	1	0.95mi
1614 Earlham Ave NW Palm Bay, FL	3.0	2.0	1188	$1,750	$1.47	25d	1	1.07mi
838 Gillen Ave NW Palm Bay, FL	3.0	2.0	1416	$1,900	$1.34	16d	1	1.14mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	16d	1	1.38mi

Listing history 21 events

1. 2026-06-22
   days on market $235,000 Active 119 DOM
2. 2026-06-18
   days on market $235,000 Active 116 DOM
3. 2026-06-17
   days on market $235,000 Active 115 DOM
4. 2026-06-16
   days on market $235,000 Active 114 DOM
5. 2026-06-15
   days on market $235,000 Active 113 DOM
6. 2026-06-14
   days on market $235,000 Active 111 DOM
7. 2026-06-10
   days on market $235,000 Active 108 DOM
8. 2026-06-08
   days on market $235,000 Active 106 DOM
9. 2026-06-07
   days on market $235,000 Active 105 DOM
10. 2026-06-05
    days on market $235,000 Active 102 DOM
11. 2026-06-03
    days on market $235,000 Active 101 DOM
12. 2026-06-02
    days on market $235,000 Active 100 DOM
13. 2026-06-01
    days on market $235,000 Active 99 DOM
14. 2026-05-31
    days on market $235,000 Active 98 DOM
15. 2026-05-31
    days on market $235,000 Active 97 DOM
16. 2026-02-22
    listed $235,000 Active
17. 2024-05-31
    status Pending
18. 2024-05-31
    status Active
19. 2024-05-31
    status Pending
20. 2024-05-31
    historical
21. 2024-05-24
    listed $100,000 Active

ⓘ 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: $3,597 · $300/mo
• Projected year-2 tax: $3,597 · $300/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 4/10 Moderate
• 🌡 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: $24,865
• − Mortgage interest: −$13,164
• − Property taxes: −$3,597
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − Depreciation: −$6,836
• Taxable loss: −$3,886
• Est. tax savings @ 24.0%: +$933
• After-tax cash flow: $1,015/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

+135.0% since first listed

6 events — show timeline

• 2026-02-22 Listed $235,000 SCMLS
• 2024-05-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-24 Listed $100,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+20.6%/yr

Latest (2025): $3,597 · +6.9% YoY. Source: county tax records.