124 Tucson Rd SW · Palm Bay, FL 32908

$250,000

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 59 Days on market

Built 2000 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 +13.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• Livability +3.6/5.0
• 1% rule +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cozy 3-bedroom, 2-bath home has been thoughtfully renovated and feels warm and inviting from the moment you walk in. The kitchen and bathrooms have both been updated with a clean, modern look, while still keeping a comfortable, lived-in feel. The big-ticket items have already been taken care of, with the AC replaced in 2018 and the roof in 2019. Outside, you'll find a fully fenced yard with a separate dog run--great for anyone with pets or who just wants a little extra outdoor space. The home sits on a quiet street, but still close to major roads, shopping, restaurants, and schools, so getting around is easy. No HOA here, just a solid, updated home in a convenient location.

Key facts

• Quiet street
• Renovated
• Separate dog run

Tags

• RENOVATED
• UPDATED KITCHEN
• UPDATED BATHROOMS
• FULLY FENCED YARD
• SEPARATE DOG RUN
• QUIET STREET

Property features AI

Finance

• Other: Property zoned RS2; Universal property ID available
• Financial info: No lease restrictions
• HOA & community: No HOA/association

Exterior

• Parking: Driveway
• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Single-family residence; One story; Faces west
• Construction: Vinyl siding with frame construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot (approx. 80 x 125)
• Exterior features: Patio; Dog run; Chain link fencing; Shed(s); Landscaped and paved lot; Public maintained asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Water filtration system; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open living/dining layout; Solid surface counters; Inside utility/additional room
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $10 ($116/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 (17.5% below list).
• Recommended offer: $206k (17.5% 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: Jupiter Elementary School (math 41% / reading 42%, grade F, #1,437 of 2,144 statewide, top 68%, 732 students, 68% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 55% district-wide (-16 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.3%/yr); 1030 active listings in the ZIP; 20 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 31% of the median local income ($80k/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 59 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y 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 $128k; list at $250k implies a 95% 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 5→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,371 (17.5% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
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: 0.83% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.17%
• DSCR: 1.01
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.38×
• Total profit: $-43,422
• Equity at exit: $37,276

10-year hold

• IRR: -13.5%
• Equity multiple: 0.27×
• Total profit: $-51,004
• Equity at exit: $21,615

Cash invested: $70,000 (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 32908

• Home prices YoY: -10.4%
• Rents YoY: 1.3%
• Active inventory: 1030
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,064 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$205 /mo · $2,466/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $10

Break-even live

Break-even rent $2,052

Max offer price $250,000

Occupancy floor 95%

Sensitivity live

Price	-10% $151	-5% $80	+0% $10	+5% $-61	+10% $-132
Rent	-10% $-153	-5% $-72	+0% $10	+5% $91	+10% $173
Rate	-1.0pp $136	-0.5pp $73	base $10	+0.5pp $-55	+1.0pp $-121

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	16d	1	0.40mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	25d	1	0.55mi
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	15d	1	0.68mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$1,649	$1.19	16d	6	0.70mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	25d	1	0.72mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	15d	1	0.74mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	25d	1	0.75mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	25d	1	0.96mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	15d	1	1.08mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	25d	1	1.10mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	21d	1	1.12mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	25d	1	1.17mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	25d	1	1.17mi
2127 Jupiter Blvd SW Palm Bay, FL	3.0	2.0	1104	$1,885	$1.71	25d	1	1.21mi
751 Winchell St SW Palm Bay, FL	3.0	2.0	1160	$1,960	$1.69	21d	1	1.27mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	25d	1	1.32mi
1072 Genesee Ave SE Palm Bay, FL	3.0	2.0	1004	$1,855	$1.85	25d	1	1.37mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	25d	1	1.38mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	15d	1	1.46mi
124 Evergreen St NE Palm Bay, FL	3.0	2.0	1283	$1,855	$1.45	25d	1	1.48mi

Listing history 15 events

1. 2026-06-02
   statusdays on market $250,000 Active 59 DOM
2. 2026-05-22
   status Pending

   Show marketing remark (687 chars)

   This cozy 3-bedroom, 2-bath home has been thoughtfully renovated and feels warm and inviting from the moment you walk in. The kitchen and bathrooms have both been updated with a clean, modern look, while still keeping a comfortable, lived-in feel. The big-ticket items have already been taken care of, with the AC replaced in 2018 and the roof in 2019. Outside, you'll find a fully fenced yard with a separate dog run--great for anyone with pets or who just wants a little extra outdoor space. The home sits on a quiet street, but still close to major roads, shopping, restaurants, and schools, so getting around is easy. No HOA here, just a solid, updated home in a convenient location.

3. 2026-05-22
   status Pending 687-char remark

   Show marketing remark (687 chars)

   This cozy 3-bedroom, 2-bath home has been thoughtfully renovated and feels warm and inviting from the moment you walk in. The kitchen and bathrooms have both been updated with a clean, modern look, while still keeping a comfortable, lived-in feel. The big-ticket items have already been taken care of, with the AC replaced in 2018 and the roof in 2019. Outside, you'll find a fully fenced yard with a separate dog run--great for anyone with pets or who just wants a little extra outdoor space. The home sits on a quiet street, but still close to major roads, shopping, restaurants, and schools, so getting around is easy. No HOA here, just a solid, updated home in a convenient location.

4. 2026-03-25
   listed $250,000 Active

   Show marketing remark (687 chars)

   This cozy 3-bedroom, 2-bath home has been thoughtfully renovated and feels warm and inviting from the moment you walk in. The kitchen and bathrooms have both been updated with a clean, modern look, while still keeping a comfortable, lived-in feel. The big-ticket items have already been taken care of, with the AC replaced in 2018 and the roof in 2019. Outside, you'll find a fully fenced yard with a separate dog run--great for anyone with pets or who just wants a little extra outdoor space. The home sits on a quiet street, but still close to major roads, shopping, restaurants, and schools, so getting around is easy. No HOA here, just a solid, updated home in a convenient location.

5. 2026-03-25
   listed $250,000 Active 687-char remark

   Show marketing remark (687 chars)

   This cozy 3-bedroom, 2-bath home has been thoughtfully renovated and feels warm and inviting from the moment you walk in. The kitchen and bathrooms have both been updated with a clean, modern look, while still keeping a comfortable, lived-in feel. The big-ticket items have already been taken care of, with the AC replaced in 2018 and the roof in 2019. Outside, you'll find a fully fenced yard with a separate dog run--great for anyone with pets or who just wants a little extra outdoor space. The home sits on a quiet street, but still close to major roads, shopping, restaurants, and schools, so getting around is easy. No HOA here, just a solid, updated home in a convenient location.

6. 2025-12-23
   soldstatus $128,000
7. 2014-12-12
   soldstatus $72,500
8. 2014-11-26
   soldstatus $72,500 203-char remark

   Show marketing remark (203 chars)

   CUTE STARTER HOME!!! HOME HAS BEEN WELL MAINTAINED AND IS IN MOVE IN CONDITION. HOME FEATURES A STORAGE SHED, HURRICANE SHUTTERS, AND HAS VERY NICE LANDSCAPING. YOU DON'T WANT TO MISS OUT ON THIS ONE!!!

9. 2014-07-31
   listed $69,500 203-char remark

   Show marketing remark (203 chars)

   CUTE STARTER HOME!!! HOME HAS BEEN WELL MAINTAINED AND IS IN MOVE IN CONDITION. HOME FEATURES A STORAGE SHED, HURRICANE SHUTTERS, AND HAS VERY NICE LANDSCAPING. YOU DON'T WANT TO MISS OUT ON THIS ONE!!!

10. 2013-02-23
    historical
11. 2012-10-05
    listed $54,900
12. 2012-10-05
    historical
13. 2012-10-05
    listed $64,900
14. 2000-09-05
    soldstatus $59,000
15. 1999-06-25
    soldstatus $4,500

ⓘ 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: $2,466 · $205/mo
• Projected year-2 tax: $2,466 · $205/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 2/10 Low
• 🌡 Heat 9/10 Extreme 5 d/yr ≥106°F today · 15 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: $24,765
• − Mortgage interest: −$14,004
• − Property taxes: −$2,466
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,981
• − Management: −$1,981
• − Depreciation: −$7,273
• Taxable loss: −$4,190
• Est. tax savings @ 24.0%: +$1,006
• After-tax cash flow: $1,121/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): 16,535
• Household income: $79,596
• Rent vs Own: 10.2% rent · 89.8% own
• Severe rent burden: 112.0

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 0.69)
• Race & ethnicity: White 48% Hispanic / Latino 20% Black 20% Two or more races 19%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 6% Dominican 3%
• Common ancestry: Hispanic 3% Estonian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -38.22%
• Current HPI: 330.0399
• Rent YoY: ▲ 1.29%
• 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

+5455.6% since first listed

14 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-22 Pending — SCMLS
• 2026-03-25 Listed $250,000 SCMLS
• 2026-03-25 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Sold (Public Records) $128,000 Public Records
• 2014-12-12 Sold (Public Records) $72,500 Public Records
• 2014-11-26 Sold (MLS) $72,500 SCMLS
• 2014-07-31 Listed $69,500 SCMLS
• 2013-02-23 Listing Removed — SCMLS
• 2012-10-05 Listed $64,900 SCMLS
• 2012-10-05 Listing Removed — SCMLS
• 2012-10-05 Listed $54,900 SCMLS
• 2000-09-05 Sold (Public Records) $59,000 Public Records
• 1999-06-25 Sold (Public Records) $4,500 Public Records

Property tax history

+19.8%/yr

Latest (2025): $2,466 · -2.8% YoY. Source: county tax records.