1602 Hawksbill St NW · Palm Bay, FL 32907

$274,900

3 bd · 2.0 ba · 1,434 sqft · SingleFamily public records · 17 Days on market

Built 1990 0.26 ac 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 +13.9/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• 1% rule +2.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy having a large corner lot and not having to feel like you are sandwiched between two neighbors. New roof in 2022 and newer laminate flooring throughout. The split floor plan and open concept makes for a perfect layout for your family. The screened porch makes it seem like you're in a private park as you look out over your back yard. Plenty of room for gardens , swing sets or landscape to your liking.

Key facts

• Oversized corner lot
• Bbq patio
• Screened porch

Tags

• OVERSIZED CORNER LOT
• FULLY FENCED YARD
• SCREENED PORCH
• BBQ PATIO
• MODERN EAT-IN KITCHEN
• GRANITE COUNTERTOPS

Property features AI

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Utilities: Septic tank; Water connected
• Home design: Single-family residence; One level (entry level 1); North-facing
• Construction: Concrete and stucco construction; Shingle roof
• Exterior features: Porch, including rear screened porch; Privacy fencing around back yard (full); Corner lot with few trees; Asphalt city street frontage

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Ceiling fans; Open floor plan; Primary bathroom with shower (no tub); Split-bedroom layout; Walk-in closets; 10 total rooms; Screened porch
• Laundry & utility: In-unit laundry with washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $32 ($385/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 $217k (21.0% below list).
• Recommended offer: $217k (21.0% 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: 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; 24 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 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 $2k of loan paydown is wiped out by about $8k 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 17 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $70k; list at $275k implies a 293% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,202 (21.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 0.79% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.50%
• DSCR: 1.02
• GRM: 10.5

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: -17.6%
• Equity multiple: 0.39×
• Total profit: $-47,033
• Equity at exit: $40,988

10-year hold

• IRR: -13.7%
• Equity multiple: 0.27×
• Total profit: $-56,177
• Equity at exit: $23,768

Cash invested: $76,972 (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: 10.5×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$128 /mo · $1,532/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $32

Break-even live

Break-even rent $2,131

Max offer price $274,900

Occupancy floor 94%

Sensitivity live

Price	-10% $188	-5% $110	+0% $32	+5% $-46	+10% $-124
Rent	-10% $-139	-5% $-54	+0% $32	+5% $118	+10% $204
Rate	-1.0pp $171	-0.5pp $102	base $32	+0.5pp $-39	+1.0pp $-112

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1405 Pace Dr NW Palm Bay, FL	4.0	2.0	1830	$2,500	$1.37	20d	1	0.44mi
1743 Fairlight St NW Palm Bay, FL	4.0	2.0	1860	$2,250	$1.21	25d	1	0.54mi
838 Gillen Ave NW Palm Bay, FL	3.0	2.0	1416	$1,900	$1.34	16d	1	0.55mi
1560 Gardenton St NW Palm Bay, FL	4.0	2.0	1828	$2,200	$1.20	25d	1	0.63mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	16d	1	0.66mi
1197 Gallatin Ave NW Palm Bay, FL	3.0	2.0	1734	$1,965	$1.13	20d	1	0.79mi
1572 Holbrook Rd NW Palm Bay, FL	3.0	2.0	1256	$1,945	$1.55	25d	1	0.80mi
1337 Helvenston St NW Palm Bay, FL	3.0	2.0	1816	$1,900	$1.05	25d	1	0.86mi
308 Tamarind Cir NW Palm Bay, FL	3.0	2.0	1350	$2,100	$1.56	25d	1	0.93mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	16d	1	1.04mi
1021 Locust Ave NW Palm Bay, FL	4.0	2.0	1724	$2,046	$1.19	15d	1	1.05mi
1357 Sequoia Rd NW Palm Bay, FL	3.0	2.0	1874	$2,200	$1.17	25d	1	1.10mi
496 Iroquois Ave NW Palm Bay, FL	3.0	2.0	1128	$1,950	$1.73	25d	1	1.15mi
1146 Kylar Dr NW Palm Bay, FL	4.0	2.0	1635	$2,250	$1.38	14d	1	1.19mi
1100 Ipswich St NW Palm Bay, FL	4.0	2.0	1585	$2,295	$1.45	16d	1	1.24mi
1460 Cass Ave NW Palm Bay, FL	3.0	2.0	1254	$1,765	$1.41	25d	1	1.24mi
1492 Glencove Ave NW Palm Bay, FL	3.0	2.0	1679	$1,800	$1.07	25d	1	1.30mi
1483 Jasper Ave NW Palm Bay, FL	3.0	2.0	1644	$1,800	$1.09	16d	1	1.30mi
983 Pyracantha St NW Palm Bay, FL	4.0	2.0	1659	$1,999	$1.20	25d	1	1.36mi
1147 Jericho Ave NW Palm Bay, FL	3.0	2.0	1352	$1,700	$1.26	25d	1	1.38mi
1830 Diablo Cir SW Palm Bay, FL	3.0	2.0	1451	$1,995	$1.37	16d	1	1.41mi
938 Soleway Ave NW Palm Bay, FL	3.0	2.0	1867	$2,300	$1.23	14d	1	1.48mi
1357 Mineral Loop Dr NW Palm Bay, FL	3.0	2.0	1738	$2,150	$1.24	15d	1	1.49mi
2585 Roygaris St NW Palm Bay, FL	4.0	2.0	1845	$2,650	$1.44	3d	1	1.49mi

Listing history 12 events

1. 2026-05-19
   status Pending
2. 2026-05-06
   historical Active Under Contract
3. 2026-05-02
   listed $274,900 Active
4. 2023-01-17
   price $290,000 409-char remark

   Show marketing remark (409 chars)

   Enjoy having a large corner lot and not having to feel like you are sandwiched between two neighbors. New roof in 2022 and newer laminate flooring throughout. The split floor plan and open concept makes for a perfect layout for your family. The screened porch makes it seem like you're in a private park as you look out over your back yard. Plenty of room for gardens , swing sets or landscape to your liking.

5. 2023-01-17
   historical 409-char remark

   Show marketing remark (409 chars)

   Enjoy having a large corner lot and not having to feel like you are sandwiched between two neighbors. New roof in 2022 and newer laminate flooring throughout. The split floor plan and open concept makes for a perfect layout for your family. The screened porch makes it seem like you're in a private park as you look out over your back yard. Plenty of room for gardens , swing sets or landscape to your liking.

6. 2023-01-06
   listed $310,000 Active 409-char remark

   Show marketing remark (409 chars)

   Enjoy having a large corner lot and not having to feel like you are sandwiched between two neighbors. New roof in 2022 and newer laminate flooring throughout. The split floor plan and open concept makes for a perfect layout for your family. The screened porch makes it seem like you're in a private park as you look out over your back yard. Plenty of room for gardens , swing sets or landscape to your liking.

7. 2015-08-03
   soldstatus $70,000
8. 2015-08-03
   soldstatus $70,000
9. 2007-09-12
   soldstatus $155,000
10. 2007-08-31
    soldstatus $155,000 505-char remark

    Show marketing remark (505 chars)

    Lovely custom built home by Jim Morris & Sons. Remodeled with New Roof, Painted inside and out, beautiful tiled floors in main living areas, Brand new carpets in all bedrooms, new counter tops in both kitchen and bathrooms, new maple cabinets in both baths, all new appliances, mirrors, lights. .. .ok new everything! Put this home on your list to see. The floor plan is a graceful flowing great room plan, with spacious bedrooms and bathrooms, roomy master suite. a larger than average laundry too.

11. 2007-05-18
    listed $159,900 505-char remark

    Show marketing remark (505 chars)

    Lovely custom built home by Jim Morris & Sons. Remodeled with New Roof, Painted inside and out, beautiful tiled floors in main living areas, Brand new carpets in all bedrooms, new counter tops in both kitchen and bathrooms, new maple cabinets in both baths, all new appliances, mirrors, lights. .. .ok new everything! Put this home on your list to see. The floor plan is a graceful flowing great room plan, with spacious bedrooms and bathrooms, roomy master suite. a larger than average laundry too.

12. 1990-05-01
    soldstatus $65,800

ⓘ 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: $1,532 · $128/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$750/yr (+$62/mo · 49.0%)

ⓘ 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 10/10 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: $26,064
• − Mortgage interest: −$15,399
• − Property taxes: −$1,532
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − Depreciation: −$7,997
• Taxable loss: −$4,408
• Est. tax savings @ 24.0%: +$1,058
• After-tax cash flow: $1,443/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

+317.8% since first listed

12 events — show timeline

• 2026-05-19 Pending — SCMLS
• 2026-05-06 Contingent — SCMLS
• 2026-05-02 Listed $274,900 SCMLS
• 2023-01-17 Price Changed $290,000 SCMLS
• 2023-01-17 Listing Removed — SCMLS
• 2023-01-06 Listed $310,000 SCMLS
• 2015-08-03 Sold (Public Records) $70,000 Public Records
• 2015-08-03 Sold (Public Records) $70,000 Public Records
• 2007-09-12 Sold (Public Records) $155,000 Public Records
• 2007-08-31 Sold (MLS) $155,000 SCMLS
• 2007-05-18 Listed $159,900 SCMLS
• 1990-05-01 Sold (Public Records) $65,800 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,532 · +3.0% YoY. Source: county tax records.