260 Halloran St SE · Palm Bay, FL 32909

$302,410

3 bd · 2.0 ba · 1,328 sqft · Land · 52 Days on market

Built 2025 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
• Cash flow +7.4/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0

Listing remarks MLS

Don't miss this 0.23 acre buildable residential lot available in Port Malabar Unit #25 of Palm Bay! Located in the southeast section near the Bayside Lakes Subdivision, this lot is just 3.1 miles - 6 minutes to Westside Elementary School, 4.4 miles - 9 minutes to the Publix Supermarket, 14.8 miles - 30 minutes to Melbourne Airport, and 16.7 miles - 33 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for . 2 miles, left on San Filippo Drive for 6.7 miles, left on Firwood Avenue for . 3 miles, and right on Halloran Street. The lot will be on your left.

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2025

Property features AI

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detectors
• Utilities: Aerobic septic system; Cable available; Municipal water available; Thermostat (energy-efficient feature)
• Home design: Single family residence; One story; South-facing; New construction
• Construction: Block, concrete, and stucco construction; Shingle roof
• Exterior features: Porch; Storm shutters

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; Entrance foyer; Kitchen island; Pantry; Smart thermostat; Split bedroom floor plan; Walk-in closets
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $302k.

Deal economics

• At list price, monthly cash flow is $-394 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (18.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (29.0% below list).
• Recommended offer: $215k (29.0% 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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% 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); 1111 active listings in the ZIP; 18 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 32% 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 ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($293k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $32k; list at $302k implies a 845% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,651 (29.0% 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 52 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
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: 0.71% ✗
• Cap rate: 4.73%
• Cash-on-cash: -5.59%
• DSCR: 0.75
• GRM: 11.7

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: 20.5%
• Equity multiple: 2.67×
• Total profit: $141,086
• Equity at exit: $272,435

10-year hold

• IRR: 18.8%
• Equity multiple: 6.18×
• Total profit: $438,319
• Equity at exit: $587,516

Cash invested: $84,675 (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: 1111
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,147 high
• Mortgage (P&I): −$1,586
• Tax est. 1.5%: −$378 /mo · $4,536/yr
• Insurance: −$126
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $-394

Break-even live

Break-even rent $2,645

Max offer price $245,377

Occupancy floor —

Sensitivity live

Price	-10% $-185	-5% $-290	+0% $-394	+5% $-499	+10% $-603
Rent	-10% $-564	-5% $-479	+0% $-394	+5% $-309	+10% $-225
Rate	-1.0pp $-242	-0.5pp $-317	base $-394	+0.5pp $-473	+1.0pp $-552

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: $75,602
• Closing costs: $9,072
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	15d	1	0.20mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.21mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	14d	1	0.25mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	14d	1	0.40mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	24d	1	0.41mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	15d	1	0.55mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.63mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	15d	1	0.65mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	24d	1	0.69mi
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	24d	1	0.73mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	24d	1	0.83mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	22d	1	0.84mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	15d	1	1.05mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	1.09mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	22d	1	1.22mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	15d	1	1.23mi
583 Halifax St SW Palm Bay, FL	4.0	2.0	1833	$2,075	$1.13	14d	1	1.25mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	1.25mi

Listing history 23 events

1. 2026-06-18
   days on market $302,410 Active 52 DOM
2. 2026-06-17
   days on market $302,410 Active 51 DOM
3. 2026-06-16
   days on market $302,410 Active 50 DOM
4. 2026-06-15
   days on market $302,410 Active 49 DOM
5. 2026-06-14
   days on market $302,410 Active 47 DOM
6. 2026-06-10
   days on market $302,410 Active 44 DOM
7. 2026-06-08
   days on market $302,410 Active 42 DOM
8. 2026-06-07
   days on market $302,410 Active 41 DOM
9. 2026-06-05
   days on market $302,410 Active 38 DOM
10. 2026-06-03
    days on market $302,410 Active 37 DOM
11. 2026-06-02
    days on market $302,410 Active 36 DOM
12. 2026-06-01
    days on market $302,410 Active 35 DOM
13. 2026-05-31
    days on market $302,410 Active 34 DOM
14. 2026-05-31
    days on market $302,410 Active 33 DOM
15. 2026-04-27
    listed $302,410 Active
16. 2026-02-23
    soldstatus $32,000
17. 2026-02-20
    soldstatus $32,000 Closed 594-char remark

    Show marketing remark (594 chars)

    Don't miss this 0.23 acre buildable residential lot available in Port Malabar Unit #25 of Palm Bay! Located in the southeast section near the Bayside Lakes Subdivision, this lot is just 3.1 miles - 6 minutes to Westside Elementary School, 4.4 miles - 9 minutes to the Publix Supermarket, 14.8 miles - 30 minutes to Melbourne Airport, and 16.7 miles - 33 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for . 2 miles, left on San Filippo Drive for 6.7 miles, left on Firwood Avenue for . 3 miles, and right on Halloran Street. The lot will be on your left.

18. 2025-12-03
    status Pending 594-char remark

    Show marketing remark (594 chars)

    Don't miss this 0.23 acre buildable residential lot available in Port Malabar Unit #25 of Palm Bay! Located in the southeast section near the Bayside Lakes Subdivision, this lot is just 3.1 miles - 6 minutes to Westside Elementary School, 4.4 miles - 9 minutes to the Publix Supermarket, 14.8 miles - 30 minutes to Melbourne Airport, and 16.7 miles - 33 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for . 2 miles, left on San Filippo Drive for 6.7 miles, left on Firwood Avenue for . 3 miles, and right on Halloran Street. The lot will be on your left.

19. 2025-10-28
    price $36,750 594-char remark

    Show marketing remark (594 chars)

    Don't miss this 0.23 acre buildable residential lot available in Port Malabar Unit #25 of Palm Bay! Located in the southeast section near the Bayside Lakes Subdivision, this lot is just 3.1 miles - 6 minutes to Westside Elementary School, 4.4 miles - 9 minutes to the Publix Supermarket, 14.8 miles - 30 minutes to Melbourne Airport, and 16.7 miles - 33 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for . 2 miles, left on San Filippo Drive for 6.7 miles, left on Firwood Avenue for . 3 miles, and right on Halloran Street. The lot will be on your left.

20. 2025-07-10
    listed $45,000 Active 594-char remark

    Show marketing remark (594 chars)

    Don't miss this 0.23 acre buildable residential lot available in Port Malabar Unit #25 of Palm Bay! Located in the southeast section near the Bayside Lakes Subdivision, this lot is just 3.1 miles - 6 minutes to Westside Elementary School, 4.4 miles - 9 minutes to the Publix Supermarket, 14.8 miles - 30 minutes to Melbourne Airport, and 16.7 miles - 33 minutes to the beaches of Indialantic. From exit #173 of I-95 go west on Malabar Road for . 2 miles, left on San Filippo Drive for 6.7 miles, left on Firwood Avenue for . 3 miles, and right on Halloran Street. The lot will be on your left.

21. 2015-10-19
    soldstatus $6,400
22. 2015-10-09
    soldstatus $3,950 318-char remark

    Show marketing remark (318 chars)

    Beautiful lot in Palm Bay, Florida! Build your dream home on the Atlantic Coast of Florida! This location is near is a residential area, while still maintaining privacy, peace & quiet. Amazing value, and won't stay on the market for long! Part of a two pack, must close with 240 HALLORAN ST SE PALM BAY FL 32909

23. 2015-09-02
    listed $3,950 318-char remark

    Show marketing remark (318 chars)

    Beautiful lot in Palm Bay, Florida! Build your dream home on the Atlantic Coast of Florida! This location is near is a residential area, while still maintaining privacy, peace & quiet. Amazing value, and won't stay on the market for long! Part of a two pack, must close with 240 HALLORAN ST SE PALM BAY FL 32909

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $25,758
• − Mortgage interest: −$16,940
• − Property taxes: −$4,536
• − Insurance: −$1,512
• − Repairs & maintenance: −$2,061
• − Management: −$2,061
• − Depreciation: −$8,797
• Taxable loss: −$10,148
• Est. tax savings @ 24.0%: +$2,436
• After-tax cash flow: $-2,294/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

+7555.9% since first listed

9 events — show timeline

• 2026-04-27 Listed $302,410 SCMLS
• 2026-02-23 Sold (Public Records) $32,000 Public Records
• 2026-02-20 Sold (MLS) $32,000 SCMLS
• 2025-12-03 Pending — SCMLS
• 2025-10-28 Price Changed $36,750 SCMLS
• 2025-07-10 Listed $45,000 SCMLS
• 2015-10-19 Sold (Public Records) $6,400 Public Records
• 2015-10-09 Sold (MLS) $3,950 Stellar MLS as Distributed by MLS Grid
• 2015-09-02 Listed $3,950 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.2%/yr

Latest (2025): $331 · +9.1% YoY. Source: county tax records.