463 Avocado Rd NW · Palm Bay, FL 32907

$299,000

3 bd · 2.0 ba · 1,893 sqft · SingleFamily public records · 10 Days on market

Built 2004 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).

• 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 +2.7/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside and be greeted by a bright and welcoming interior. This well-maintained 3bed 2 bath home features a thoughtful split-bedroom floor plan, providing privacy and functionality. Property features a brand new roof, large storage shed with power and tropical backyard. The spacious layout is perfect for family gatherings or simply relaxing after a long day. This home is conveniently located in a quiet, residential neighborhood of Northwest Palm Bay, offering a peaceful escape while still being just minutes away from schools, parks, i95 and shopping centers.

Key facts

• Large screen porch
• Covered front entry
• Fenced backyard

Tags

• LARGE KITCHEN WITH AN ISLAND
• EAT IN BREAKFAST NOOK
• AIR CONDITIONED LAUNDRY ROOM
• COVERED FRONT ENTRY
• LARGE SCREEN PORCH
• FENCED BACKYARD

Property features AI

Exterior

• Parking: 2-car garage with garage door opener; Additional parking; 2 carport spaces
• Security: Carbon monoxide detector(s); Smoke detector(s); Security lights
• Utilities: Public sewer; Water connected; Electricity available; Cable connected; Sewer available; Appliances considered green energy efficient
• Home design: Single family residence; One story; Entry level: 1; Faces west
• Construction: Block, concrete and stucco construction; Shingle roof; Built-in year not provided
• Exterior features: Balcony; Courtyard; Covered patio/porch; Front porch; Rear porch; Screened porch; Back yard fencing; Shed(s); Workshop; Many trees on lot

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Electric range; Freezer; Ice maker; Microwave; Refrigerator; Kitchen island; Pantry; Eat-in kitchen / breakfast nook
• Bedrooms: 3 bedrooms (main level)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Electric cooling
• Interior features: Breakfast nook; Ceiling fan(s); Eat-in kitchen; Entrance foyer; Kitchen island; Pantry; Primary bathroom with tub and shower; Split bedrooms; Walk-in closet(s); Accessible full bath
• Laundry & utility: Washer and dryer included; Electric dryer hookup; In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $35 ($414/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 $230k (23.1% below list).
• Recommended offer: $230k (23.1% 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: Christa Mcauliffe Elementary School (math 56% / reading 55%, grade C, #855 of 2,144 statewide, top 41%, 621 students, 68% 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; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 37% 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 $9k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 22y 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 $190k; list at $299k implies a 57% 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 $229,837 (23.1% 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: 0.77% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.50%
• DSCR: 1.02
• GRM: 10.8

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: $-51,082
• Equity at exit: $44,582

10-year hold

• IRR: -13.6%
• Equity multiple: 0.28×
• Total profit: $-60,683
• Equity at exit: $25,852

Cash invested: $83,720 (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: 10.8×

Monthly cashflow live

• Estimated rent: $2,298 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$89 /mo · $1,063/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $35

Break-even live

Break-even rent $2,255

Max offer price $299,000

Occupancy floor 94%

Sensitivity live

Price	-10% $204	-5% $119	+0% $35	+5% $-50	+10% $-135
Rent	-10% $-147	-5% $-56	+0% $35	+5% $125	+10% $216
Rate	-1.0pp $185	-0.5pp $111	base $35	+0.5pp $-43	+1.0pp $-122

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
276 Americana Blvd NW Palm Bay, FL	4.0	3.0	2089	$2,500	$1.20	25d	1	0.13mi
210 Meehan Ave NW Palm Bay, FL	3.0	2.0	2020	$1,895	$0.94	16d	1	0.40mi
609 Concha St NW Palm Bay, FL	4.0	2.0	1918	$2,200	$1.15	25d	1	0.56mi
124 Evergreen St NE Palm Bay, FL	3.0	2.0	1283	$1,855	$1.45	25d	1	0.62mi
296 Croquet Ave NE Palm Bay, FL	4.0	2.0	2028	$2,300	$1.13	23d	1	0.78mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$1,649	$1.19	16d	6	0.83mi
673 Bremerhaven St NW Palm Bay, FL	4.0	2.0	1828	$2,400	$1.31	16d	1	0.84mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	16d	1	0.89mi
866 Hanau Ave NW Palm Bay, FL	3.0	2.0	1552	$1,900	$1.22	25d	1	0.95mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	16d	1	0.97mi
614 Lynbrook St NW Palm Bay, FL	4.0	3.0	2097	$2,700	$1.29	25d	1	1.02mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	25d	1	1.02mi
874 Altona St NW Palm Bay, FL	3.0	2.0	1488	$1,955	$1.31	25d	1	1.04mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	25d	1	1.08mi
1374 Jupiter Blvd NW Palm Bay, FL	3.0	2.0	1500	$1,895	$1.26	25d	1	1.11mi
191 Turk Rd SW Palm Bay, FL	4.0	2.0	1604	$2,485	$1.55	25d	1	1.17mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	25d	1	1.18mi
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	16d	1	1.23mi
263 Trilby Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	25d	1	1.26mi
983 Pyracantha St NW Palm Bay, FL	4.0	2.0	1659	$1,999	$1.20	25d	1	1.29mi
356 Pipit St NE Palm Bay, FL	3.0	2.0	1530	$1,800	$1.18	25d	1	1.35mi
1084 Herne Ave NE Palm Bay, FL	4.0	2.0	2244	$3,000	$1.34	25d	1	1.38mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	25d	1	1.42mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	25d	1	1.44mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	25d	1	1.46mi
1850 Jupiter Blvd SW Unit 20 Palm Bay, FL	4.0	3.0	2203	$2,200	$1.00	25d	1	1.49mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	25d	1	1.50mi

Listing history 13 events

1. 2026-06-03
   status $299,000 Pending 10 DOM
2. 2026-06-02
   days on market $299,000 Active 10 DOM
3. 2026-06-01
   days on market $299,000 Active 9 DOM
4. 2026-05-31
   days on market $299,000 Active 8 DOM
5. 2026-05-31
   days on market $299,000 Active 7 DOM
6. 2026-05-23
   listed $299,000 Active
7. 2025-12-12
   historical 568-char remark

   Show marketing remark (568 chars)

   Step inside and be greeted by a bright and welcoming interior. This well-maintained 3bed 2 bath home features a thoughtful split-bedroom floor plan, providing privacy and functionality. Property features a brand new roof, large storage shed with power and tropical backyard. The spacious layout is perfect for family gatherings or simply relaxing after a long day. This home is conveniently located in a quiet, residential neighborhood of Northwest Palm Bay, offering a peaceful escape while still being just minutes away from schools, parks, i95 and shopping centers.

8. 2025-09-04
   listed $335,000 Active 568-char remark

   Show marketing remark (568 chars)

   Step inside and be greeted by a bright and welcoming interior. This well-maintained 3bed 2 bath home features a thoughtful split-bedroom floor plan, providing privacy and functionality. Property features a brand new roof, large storage shed with power and tropical backyard. The spacious layout is perfect for family gatherings or simply relaxing after a long day. This home is conveniently located in a quiet, residential neighborhood of Northwest Palm Bay, offering a peaceful escape while still being just minutes away from schools, parks, i95 and shopping centers.

9. 2004-10-28
   soldstatus $190,500
10. 2004-10-22
    soldstatus $190,490 418-char remark

    Show marketing remark (418 chars)

    Expected construction completion date of September 15, 2004. This home will feature an open spacious feeling floor plan. 11 ft. ceilings. Arched openings. Large kitchen with an island. Eat in breakfast nook with a bay window. His and Her sinks in master bath. Air conditioned laundry room with a slop sink. Covered front entry. 10-Year bonded builder warranty. And much, much more. Hurry and you can pick the colors!!!

11. 2004-06-23
    listed $189,900 418-char remark

    Show marketing remark (418 chars)

    Expected construction completion date of September 15, 2004. This home will feature an open spacious feeling floor plan. 11 ft. ceilings. Arched openings. Large kitchen with an island. Eat in breakfast nook with a bay window. His and Her sinks in master bath. Air conditioned laundry room with a slop sink. Covered front entry. 10-Year bonded builder warranty. And much, much more. Hurry and you can pick the colors!!!

12. 2004-04-20
    soldstatus $22,000
13. 2003-10-13
    soldstatus $28,000

ⓘ 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: $1,063 · $89/mo
• Projected year-2 tax: $2,482 · $207/mo
• Expected delta: +$1,418/yr (+$118/mo · 133.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 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: $27,580
• − Mortgage interest: −$16,749
• − Property taxes: −$1,063
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,206
• − Management: −$2,206
• − Depreciation: −$8,698
• Taxable loss: −$4,837
• Est. tax savings @ 24.0%: +$1,161
• After-tax cash flow: $1,575/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

+967.9% since first listed

8 events — show timeline

• 2026-05-23 Listed $299,000 SCMLS
• 2025-12-12 Listing Removed — SCMLS
• 2025-09-04 Listed $335,000 SCMLS
• 2004-10-28 Sold (Public Records) $190,500 Public Records
• 2004-10-22 Sold (MLS) $190,490 SCMLS
• 2004-06-23 Listed $189,900 SCMLS
• 2004-04-20 Sold (Public Records) $22,000 Public Records
• 2003-10-13 Sold (Public Records) $28,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,063 · +18.0% YoY. Source: county tax records.