3611 Jupiter Blvd SE · Palm Bay, FL 32909

$244,000

3 bd · 2.0 ba · 1,284 sqft · SingleFamily public records · 86 Days on market

Built 1980 0.26 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 +13.8/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

* * * * FANTASTIC NEWS AVAILABLE SELLER APPROVED SPENDING CASH see below for details * * * * * NICELY KEPT WITH UPGRADES IN THE KITCHEN WITH NEW APPLIANCES, UPGRADED ELECTRICAL AND EVEN A BRAND NEW 2 MONTH OLD ROOF. FRESHLY PAINTED INSIDE AND OUT AND NEW LUXURY PLANK FLOORING IN THE LIVINGROOM AND MAJOR TRAFFIC AREAS. THE HOME FEATURE'S AN INDOOR LAUNDRY CLOSET AND A HUGE BACK PATIO WITH AN EXTREMELY LARGE BACKYARD. spending cash of 1% of sale price can be used towards rate reduction of interest rate or towards closing costs assistance or both with approved sale price * * * * * YOU HAVE TO TAKE A LOOK AT THIS TODAY BEFORE IT'S GONE * * * * * .

Key facts

• Huge back patio
• Upgraded electric
• Large backyard

Tags

• BONUS ROOM
• UPGRADED ELECTRIC
• NEW ROOF
• INDOOR LAUNDRY CLOSET
• HUGE BACK PATIO
• LARGE BACKYARD

Property features AI

Exterior

• Parking: Attached garage (1-car) with 1 covered space, 2 total parking spaces
• Utilities: Public water; Septic tank; Water connected
• Home design: Single family residence; One story; Resale property; Faces south
• Construction: Frame and stucco construction; Shingle roof; Concrete perimeter foundation; Built as single-story (one level)
• Exterior features: Open porch; Covered patio; Porch; Back yard fenced with wood fencing; City street frontage; Asphalt road surface; Public maintained road; Not waterfront

Interior

• Kitchen: Disposal; Dishwasher; Electric Range; Electric Cooktop; Refrigerator; Electric Water Heater
• Bedrooms: 4 bedrooms on the main level
• Flooring: Ceramic tile; Tile; Engineered wood; Wood
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Blinds on windows; Unfurnished
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $244k.

Deal economics

• At list price, monthly cash flow is $24 ($292/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 $206k (15.7% below list).
• Recommended offer: $206k (15.7% 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; 27 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 31% 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 $26k of equity ($2k loan paydown + $24k 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 $68k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 3 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 $140k; list at $244k implies a 74% 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 $205,765 (15.7% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 16% 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: 0.84% ✗
• Cap rate: 6.41%
• Cash-on-cash: 0.43%
• DSCR: 1.02
• GRM: 9.9

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: 24.8%
• Equity multiple: 2.99×
• Total profit: $135,814
• Equity at exit: $219,815

10-year hold

• IRR: 22.1%
• Equity multiple: 6.88×
• Total profit: $401,602
• Equity at exit: $474,038

Cash invested: $68,320 (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: 9.9×

Monthly cashflow live

• Estimated rent: $2,058 high
• Mortgage (P&I): −$1,280
• Tax from tax record: −$220 /mo · $2,640/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $24

Break-even live

Break-even rent $2,027

Max offer price $244,000

Occupancy floor 94%

Sensitivity live

Price	-10% $162	-5% $93	+0% $24	+5% $-45	+10% $-114
Rent	-10% $-138	-5% $-57	+0% $24	+5% $106	+10% $187
Rate	-1.0pp $147	-0.5pp $86	base $24	+0.5pp $-39	+1.0pp $-103

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: $61,000
• Closing costs: $7,320
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	24d	1	0.50mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	24d	1	0.52mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	24d	1	0.52mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	15d	30	0.57mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	15d	17	0.57mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	15d	8	0.69mi
800 Starland St SE Palm Bay, FL	2.0	1.0	904	$1,650	$1.83	24d	1	0.78mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	24d	1	0.82mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	22d	1	0.88mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	24d	1	0.88mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	15d	1	0.91mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	22d	1	0.92mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	24d	1	1.01mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	24d	1	1.03mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	24d	1	1.06mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	24d	1	1.11mi
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	15d	1	1.14mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	15d	1	1.17mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	20d	1	1.17mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	20d	1	1.30mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	24d	1	1.30mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	20d	1	1.31mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	24d	1	1.34mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	24d	1	1.35mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	15d	1	1.40mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	24d	1	1.42mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	24d	1	1.49mi

Listing history 22 events

1. 2026-06-18
   days on market $244,000 Active 86 DOM
2. 2026-06-17
   days on market $244,000 Active 85 DOM
3. 2026-06-16
   days on market $244,000 Active 84 DOM
4. 2026-06-15
   days on market $244,000 Active 83 DOM
5. 2026-06-14
   days on market $244,000 Active 81 DOM
6. 2026-06-10
   days on market $244,000 Active 78 DOM
7. 2026-06-08
   days on market $244,000 Active 76 DOM
8. 2026-06-07
   days on market $244,000 Active 75 DOM
9. 2026-06-05
   days on market $244,000 Active 72 DOM
10. 2026-06-03
    days on market $244,000 Active 71 DOM
11. 2026-06-02
    days on market $244,000 Active 70 DOM
12. 2026-06-01
    days on market $244,000 Active 69 DOM
13. 2026-05-31
    days on market $244,000 Active 68 DOM
14. 2026-05-31
    days on market $244,000 Active 67 DOM
15. 2026-05-10
    price $244,000
16. 2026-05-09
    price $244,000 667-char remark

    Show marketing remark (667 chars)

    * * * * FANTASTIC NEWS AVAILABLE SELLER APPROVED SPENDING CASH see below for details * * * * * NICELY KEPT WITH UPGRADES IN THE KITCHEN WITH NEW APPLIANCES, UPGRADED ELECTRICAL AND EVEN A BRAND NEW 2 MONTH OLD ROOF. FRESHLY PAINTED INSIDE AND OUT AND NEW LUXURY PLANK FLOORING IN THE LIVINGROOM AND MAJOR TRAFFIC AREAS. THE HOME FEATURE'S AN INDOOR LAUNDRY CLOSET AND A HUGE BACK PATIO WITH AN EXTREMELY LARGE BACKYARD. spending cash of 1% of sale price can be used towards rate reduction of interest rate or towards closing costs assistance or both with approved sale price * * * * * YOU HAVE TO TAKE A LOOK AT THIS TODAY BEFORE IT'S GONE * * * * * .

17. 2026-03-24
    listed $250,000 Active
18. 2026-03-19
    listed $250,000 Active 667-char remark

    Show marketing remark (667 chars)

    * * * * FANTASTIC NEWS AVAILABLE SELLER APPROVED SPENDING CASH see below for details * * * * * NICELY KEPT WITH UPGRADES IN THE KITCHEN WITH NEW APPLIANCES, UPGRADED ELECTRICAL AND EVEN A BRAND NEW 2 MONTH OLD ROOF. FRESHLY PAINTED INSIDE AND OUT AND NEW LUXURY PLANK FLOORING IN THE LIVINGROOM AND MAJOR TRAFFIC AREAS. THE HOME FEATURE'S AN INDOOR LAUNDRY CLOSET AND A HUGE BACK PATIO WITH AN EXTREMELY LARGE BACKYARD. spending cash of 1% of sale price can be used towards rate reduction of interest rate or towards closing costs assistance or both with approved sale price * * * * * YOU HAVE TO TAKE A LOOK AT THIS TODAY BEFORE IT'S GONE * * * * * .

19. 2016-08-16
    historical 352-char remark

    Show marketing remark (352 chars)

    REDUCED!!!This is the perfect home for the oversize family featuring 4 br, could be 5 br, eat-in kitchen, new tile, paint interior and exterior, landscaping, nicely renovated. Conveniently located to shopping, interstate 95 and 20 minutes to the beach. A must see! Owner s will consider reasonable offers. Owner will consider holding a second mortgage.

20. 2006-07-06
    listed $162,900 352-char remark

    Show marketing remark (352 chars)

    REDUCED!!!This is the perfect home for the oversize family featuring 4 br, could be 5 br, eat-in kitchen, new tile, paint interior and exterior, landscaping, nicely renovated. Conveniently located to shopping, interstate 95 and 20 minutes to the beach. A must see! Owner s will consider reasonable offers. Owner will consider holding a second mortgage.

21. 2005-08-19
    soldstatus $140,000
22. 2001-09-28
    soldstatus $66,900

ⓘ 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: $2,640 · $220/mo
• Projected year-2 tax: $2,640 · $220/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 3/10 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: $24,692
• − Mortgage interest: −$13,668
• − Property taxes: −$2,640
• − Insurance: −$1,220
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$7,098
• Taxable loss: −$3,885
• Est. tax savings @ 24.0%: +$932
• After-tax cash flow: $1,224/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

+264.7% since first listed

8 events — show timeline

• 2026-05-10 Price Changed $244,000 Beaches MLS
• 2026-05-09 Price Changed $244,000 SCMLS
• 2026-03-24 Listed $250,000 Beaches MLS
• 2026-03-19 Listed $250,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2006-07-06 Listed $162,900 SCMLS
• 2005-08-19 Sold (Public Records) $140,000 Public Records
• 2001-09-28 Sold (Public Records) $66,900 Public Records

Property tax history

+7.7%/yr

Latest (2025): $2,640 · +1.7% YoY. Source: county tax records.