2154 Henry St NE · Palm Bay, FL 32905

$189,900

2 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 8 Days on market

Built 1963 6,098 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 +15.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Schools +4.7/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

Welcome to this beautifully renovated 4-bedroom, 1.5-bathroom home, just steps away from the beach! This move-in ready gem boasts a brand-new roof and modern updates throughout, making it the perfect place to call home. As you enter, you'll immediately appreciate the fresh vinyl and tile flooring that flows seamlessly throughout the home, providing both style and durability. The spacious kitchen features appliances, making meal prep a breeze, while the open-concept living and dining areas are ideal for entertaining or relaxing with family. The four well-sized bedrooms offer plenty of space, with the master bedroom featuring convenient access to the half bath. Step outside to your private backyard oasis, complete with a handy shed for additional storage. With proximity to the beach, you'll enjoy the coastal lifestyle just minutes from your doorstep. Don't miss your chance to own this beautifully updated home. Schedule your showing today and make it yours before it's gone!

Key facts

• Handy shed
• Spacious kitchen
• New roof

Tags

• NEW ROOF
• VINYL AND TILE FLOORING
• SPACIOUS KITCHEN
• PRIVATE BACKYARD OASIS
• HANDY SHED
• PROXIMITY TO THE BEACH

Property features AI

Finance

• Financial info: Annual property tax listed

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Electricity available and connected; Sewer available and connected; Water available and connected
• Home design: Single family residence; Faces east
• Construction: Concrete construction
• Exterior features: Few trees on the lot; No private pool

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 bathrooms (1 full, 1 half)
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Electric oven, electric range, microwave, refrigerator
• Laundry & utility: Unfurnished (no washer/dryer included listed)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $80 ($965/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 $163k (14.1% below list).
• Recommended offer: $163k (14.1% 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: Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 66% FRL vs 43% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 32% at this address vs 55% district-wide (-22 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 321 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 35% of the median local income ($56k/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 $6k 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 13 sale attempts since 20y 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 $112k; list at $190k implies a 69% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,112 (14.1% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.86% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.82%
• DSCR: 1.08
• GRM: 9.7

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: -16.6%
• Equity multiple: 0.43×
• Total profit: $-30,469
• Equity at exit: $28,315

10-year hold

• IRR: -14.5%
• Equity multiple: 0.27×
• Total profit: $-38,569
• Equity at exit: $16,419

Cash invested: $53,172 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 321
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$996
• Tax from tax record: −$133 /mo · $1,598/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $80

Break-even live

Break-even rent $1,529

Max offer price $189,900

Occupancy floor 90%

Sensitivity live

Price	-10% $188	-5% $134	+0% $80	+5% $27	+10% $-27
Rent	-10% $-48	-5% $16	+0% $80	+5% $145	+10% $209
Rate	-1.0pp $176	-0.5pp $129	base $80	+0.5pp $31	+1.0pp $-19

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2361 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1106	$1,902	$1.72	14d	47	0.25mi
2155 Robert J Conlan Blvd NE Palm Bay, FL	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	14d	20	0.30mi
2331 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1094	$1,736	$1.59	14d	33	0.31mi
2399 Coconut Palm Dr NE Palm Bay, FL	2.0	2.0	968	$1,795	$1.85	24d	1	0.36mi
2643B Kingswood Dr NE Palm Bay, FL	3.0	1.0	1000	$1,650	$1.65	19d	1	0.44mi
1924 Seagrape St NE Palm Bay, FL	2.0	2.0	1206	$1,575	$1.31	14d	1	0.48mi
1894 Coco Plum St NE Palm Bay, FL	2.0	2.0	1188	$1,200	$1.01	19d	1	0.57mi
3104 Swift St Melbourne, FL	3.0	1.0	1379	$1,750	$1.27	24d	1	0.64mi
520 Benton Dr Melbourne, FL	3.0	2.0	1281	$1,850	$1.44	24d	1	1.05mi
3101 Wiley Ave Melbourne, FL	3.0	2.0	1185	$1,499	$1.26	24d	1	1.11mi
343 Talbot St Melbourne, FL	3.0	2.0	1355	$1,699	$1.25	24d	1	1.15mi
342 Crown Blvd Melbourne, FL	3.0	2.0	1224	$1,900	$1.55	24d	1	1.16mi
1700 Woodlake Dr NE Palm Bay, FL	1.0–2.0	1.0–2.0	875	$1,500	$1.71	24d	12	1.23mi
2700 Carlson Cir Melbourne, FL	1.0–2.0	1.0–2.0	879	$1,242	$1.41	24d	1	1.29mi
3008 Hanson Ave Melbourne, FL	1.0	1.0	840	$1,125	$1.34	24d	1	1.31mi
248 E University Blvd Melbourne, FL	1.0–2.0	1.0	720	$1,449	$2.01	14d	5	1.32mi
3711 Vista Oaks Cir NE Palm Bay, FL	2.0	1.5	1236	$1,500	$1.21	21d	1	1.32mi
1002 Brothers Ave Unit 101 Melbourne, FL	1.0	1.0	700	$1,445	$2.06	24d	1	1.33mi
1630 Bottlebrush Dr Palm Bay, FL	2.0	1.0	600	$1,495	$2.49	24d	1	1.34mi
4001 Pinewood Dr NE Palm Bay, FL	2.0	2.0	1036	$1,269	$1.22	24d	5	1.44mi
3151 S Babcock St Melbourne, FL	1.0–2.0	1.0–2.0	807	$1,595	$1.98	14d	10	1.44mi
1880 Mogra Cir NE Palm Bay, FL	2.0–3.0	2.0	1090	$1,382	$1.27	14d	6	1.45mi

Listing history 6 events

1. 2026-06-18
   days on market $189,900 Active 8 DOM
2. 2026-06-17
   days on market $189,900 Active 7 DOM
3. 2026-06-16
   days on market $189,900 Active 6 DOM
4. 2026-06-15
   days on market $189,900 Active 5 DOM
5. 2026-06-14
   remarks 699-char remark
6. 2026-06-14
   listed $189,900 Active 3 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: $1,598 · $133/mo
• Projected year-2 tax: $1,598 · $133/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 10/10 Extreme 7 d/yr ≥105°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: $19,573
• − Mortgage interest: −$10,637
• − Property taxes: −$1,598
• − Insurance: −$950
• − Repairs & maintenance: −$1,566
• − Management: −$1,566
• − Depreciation: −$5,524
• Taxable loss: −$2,268
• Est. tax savings @ 24.0%: +$544
• After-tax cash flow: $1,509/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): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

-97.9% since first listed

39 events — show timeline

• 2026-06-10 Rental Removed $1,850 SCMLS
• 2026-06-10 Listed $189,900 SCMLS
• 2026-04-11 Listed for Rent $1,850 SCMLS
• 2026-04-02 Rental Removed $1,850 SCMLS
• 2026-03-04 Price Changed $1,850 SCMLS
• 2026-02-13 Price Changed $2,000 SCMLS
• 2026-02-10 Price Changed $1,750 SCMLS
• 2026-01-31 Price Changed $1,795 SCMLS
• 2026-01-28 Listed for Rent $1,850 SCMLS
• 2026-01-28 Rental Removed $2,100 Avail
• 2026-01-22 Price Changed $2,100 Avail
• 2026-01-20 Price Changed $1,900 Avail
• 2026-01-06 Listed for Rent $2,100 Avail
• 2025-02-10 Rental Removed $1,850 SCMLS
• 2024-11-24 Listing Removed — SCMLS
• 2024-11-08 Listed $189,900 SCMLS
• 2024-11-06 Price Changed $1,850 SCMLS
• 2024-10-17 Listed for Rent $2,000 SCMLS
• 2024-10-17 Rental Removed $2,000 Avail
• 2024-09-21 Price Changed $2,000 Avail
• 2024-08-29 Listed for Rent $2,200 Avail
• 2024-08-13 Sold (Public Records) $112,500 Public Records
• 2024-08-13 Sold (MLS) $112,500 SCMLS
• 2024-08-01 Pending — SCMLS
• 2024-07-22 Contingent — SCMLS
• 2024-07-16 Price Changed $149,990 SCMLS
• 2024-07-08 Relisted — SCMLS
• 2024-07-06 Price Changed $159,000 SCMLS
• 2024-07-03 Contingent — SCMLS
• 2024-06-18 Relisted — SCMLS
• 2024-06-13 Contingent — SCMLS
• 2024-06-04 Listed $165,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-09-13 Listed $29,900 SCMLS
• 2010-01-14 Listed $12,900 SCMLS
• 2006-12-18 Sold (Public Records) $82,000 Public Records
• 2006-12-12 Sold (MLS) $84,000 SCMLS
• 2006-10-16 Listed $89,900 SCMLS

Property tax history

+13.1%/yr

Latest (2025): $1,598 · +174.7% YoY. Source: county tax records.