1698 Sardinia St SE Unit SE · Palm Bay, FL 32909

$205,000

3 bd · 2.0 ba · 942 sqft · SingleFamily public records · 63 Days on market

Built 1984 0.27 ac lot

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Why this score? — see what drove the C- 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 +13.7/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

INVESTOR SPECIAL. .. MOST DEMO HAS BEEN DONE FOR YOU, ALMOST A CLEAN SLATE TO START YOUR DREAM REMODEL.

Key facts

• Split floor plan
• Bright living spaces
• Spacious lot

Tags

• SPACIOUS LOT
• SPLIT FLOOR PLAN
• BRIGHT LIVING SPACES
• MINUTES FROM MALABAR RD
• SHOPPING AND DINING

Property features AI

Exterior

• Parking: Attached garage (1 garage space); Carport (1 carport space)
• Utilities: Public water; Sewer connected (septic tank indicated); Electricity connected
• Home design: Single-family residence; One-story; Residential property (fixer condition)
• Construction: Construction details not provided
• Exterior features: Paved private road; road maintained privately; Pets allowed

Interior

• Kitchen: Refrigerator; Dishwasher; Garbage disposal
• Bedrooms: 2 total rooms (includes bedrooms and living areas)
• Flooring: Concrete
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans
• Interior features: Built-in features; Ceiling fans
• Laundry & utility: Washer/dryer hookup not specified

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $15 ($178/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 $176k (14.1% below list).
• Recommended offer: $176k (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: schools C-, employment D+, amenities F.
• 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.
• Market conditions: Rents rising (+3.7%/yr); 1111 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $57k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 4 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 $95k; list at $205k implies a 116% 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; moderate wildfire risk; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,173 (14.1% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 14% 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. 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: 6.38%
• Cash-on-cash: 0.31%
• DSCR: 1.01
• GRM: 9.7

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: 24.7%
• Equity multiple: 2.98×
• Total profit: $113,790
• Equity at exit: $184,680

10-year hold

• IRR: 22.0%
• Equity multiple: 6.87×
• Total profit: $336,849
• Equity at exit: $398,270

Cash invested: $57,400 (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: 9.7×

Monthly cashflow live

• Estimated rent: $1,762 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$216 /mo · $2,598/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $15

Break-even live

Break-even rent $1,743

Max offer price $205,000

Occupancy floor 94%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1625 Santos St SE Unit A Palm Bay, FL	2.0	1.0	900	$1,350	$1.50	19d	1	0.22mi
1430 Valerius St SE Palm Bay, FL	2.0	1.0	904	$1,750	$1.94	23d	1	1.22mi
1490 Van Buren Ave SE Palm Bay, FL	2.0	1.0	900	$1,600	$1.78	23d	1	1.41mi

Listing history 21 events

1. 2026-06-08
   days on market $205,000 Active 63 DOM
2. 2026-06-07
   days on market $205,000 Active 62 DOM
3. 2026-06-05
   days on market $205,000 Active 59 DOM
4. 2026-06-03
   days on market $205,000 Active 58 DOM
5. 2026-06-02
   days on market $205,000 Active 57 DOM
6. 2026-06-01
   days on market $205,000 Active 56 DOM
7. 2026-05-31
   days on market $205,000 Active 55 DOM
8. 2026-05-31
   days on market $205,000 Active 54 DOM
9. 2026-04-06
   listed $205,000 Active
10. 2019-10-01
    soldstatus $95,100
11. 2019-09-24
    soldstatus $95,001 103-char remark

    Show marketing remark (103 chars)

    INVESTOR SPECIAL. .. MOST DEMO HAS BEEN DONE FOR YOU, ALMOST A CLEAN SLATE TO START YOUR DREAM REMODEL.

12. 2019-08-28
    listed $99,900 103-char remark

    Show marketing remark (103 chars)

    INVESTOR SPECIAL. .. MOST DEMO HAS BEEN DONE FOR YOU, ALMOST A CLEAN SLATE TO START YOUR DREAM REMODEL.

13. 2015-07-22
    soldstatus $56,729 179-char remark

    Show marketing remark (179 chars)

    This property is bank owned. It is sold in “as-is” condition without repairs or warranty. Buyer is responsible for verifying all information contained in this listing.

14. 2015-03-30
    listed $53,400 179-char remark

    Show marketing remark (179 chars)

    This property is bank owned. It is sold in “as-is” condition without repairs or warranty. Buyer is responsible for verifying all information contained in this listing.

15. 2007-02-06
    soldstatus $135,000
16. 2007-02-01
    soldstatus $135,000
17. 2006-11-09
    listed $134,900
18. 1995-12-21
    soldstatus $51,000
19. 1987-06-01
    soldstatus $49,400
20. 1983-11-01
    soldstatus $45,600
21. 1971-09-24
    soldstatus $2,800

ⓘ 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: $2,598 · $216/mo
• Projected year-2 tax: $2,598 · $216/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 5/10 Major
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 19 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: $21,141
• − Mortgage interest: −$11,483
• − Property taxes: −$2,598
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$5,964
• Taxable loss: −$3,311
• Est. tax savings @ 24.0%: +$795
• After-tax cash flow: $973/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

+7221.4% since first listed

13 events — show timeline

• 2026-04-06 Listed $205,000 Daytona MLS
• 2019-10-01 Sold (Public Records) $95,100 Public Records
• 2019-09-24 Sold (MLS) $95,001 SCMLS
• 2019-08-28 Listed $99,900 SCMLS
• 2015-07-22 Sold (MLS) $56,729 SCMLS
• 2015-03-30 Listed $53,400 SCMLS
• 2007-02-06 Sold (Public Records) $135,000 Public Records
• 2007-02-01 Sold (MLS) $135,000 SCMLS
• 2006-11-09 Listed $134,900 SCMLS
• 1995-12-21 Sold (Public Records) $51,000 Public Records
• 1987-06-01 Sold (Public Records) $49,400 Public Records
• 1983-11-01 Sold (Public Records) $45,600 Public Records
• 1971-09-24 Sold (Public Records) $2,800 Public Records

Property tax history

+24.7%/yr

Latest (2025): $2,598 · +2.1% YoY. Source: county tax records.