2898 Hagdom Ave SE · Palm Bay, FL 32909

$330,000

3 bd · 2.0 ba · 1,374 sqft · SingleFamily public records · 241 Days on market

Built 1995 0.53 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.6/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.9/10.0

Listing remarks MLS

Situated on an oversized corner lot just over half an acre, this 3-bedroom, 2-bath, 2-car garage home offers space, privacy, and opportunity. Built in 1995, the home features an updated kitchen with cool grey cabinetry and quartz countertops, complemented by abundant natural light throughout the home. Some updated flooring and impact windows installed in 2014 add to the value. The generously sized bedrooms provide comfortable living and flexibility for a variety of needs. Enjoy Florida living from the large screened, trussed porch overlooking the expansive yard, complete with a shed for additional storage. Additional updates include a roof replaced in March 2021, and a hot water heater replaced in February 2017. The bathrooms are ready for updating, making this a great option for buyers looking to add their personal touch. Conveniently located with ample outdoor space to create your own backyard oasis.

Key facts

• Half-acre corner lot
• Screened-in patio
• Large fenced yard

Tags

• HALF-ACRE CORNER LOT
• SCREENED-IN PATIO
• LARGE FENCED YARD
• ROOM FOR RV PARKING
• MATURE LANDSCAPING
• QUIET WELL-KEPT NEIGHBORHOOD

Property features AI

Exterior

• Home design: Single-family house; 1,374 total living area
• Exterior features: Lot of approximately 23,087 sq ft

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $-539 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (28.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (35.2% below list).
• Recommended offer: $214k (35.2% 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; 21 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 32% 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 $35k of equity ($2k loan paydown + $33k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y ago; this cycle's ask is 12% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $262k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $213,719 (35.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.65% ✗
• Cap rate: 4.33%
• Cash-on-cash: -7.00%
• DSCR: 0.69
• GRM: 12.9

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: 19.5%
• Equity multiple: 2.59×
• Total profit: $146,838
• Equity at exit: $297,290

10-year hold

• IRR: 18.1%
• Equity multiple: 6.00×
• Total profit: $462,442
• Equity at exit: $641,117

Cash invested: $92,400 (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: 12.9×

Monthly cashflow live

• Estimated rent: $2,137 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$359 /mo · $4,314/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-539

Break-even live

Break-even rent $2,820

Max offer price $234,758

Occupancy floor —

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	14d	1	0.06mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	21d	1	0.26mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	23d	1	0.36mi
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	23d	1	0.39mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	23d	1	0.44mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	14d	1	0.60mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	0.63mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	13d	1	0.69mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	13d	1	0.70mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	14d	1	0.71mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	13d	1	0.71mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	14d	1	0.73mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	23d	1	0.78mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	23d	1	0.79mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	23d	1	0.81mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	14d	1	1.18mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	23d	1	1.27mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	1.28mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	23d	1	1.39mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	23d	1	1.40mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	1.44mi

Listing history 27 events

1. 2026-06-18
   days on market $330,000 Active 241 DOM
2. 2026-06-17
   days on market $330,000 Active 240 DOM
3. 2026-06-16
   days on market $330,000 Active 239 DOM
4. 2026-06-15
   days on market $330,000 Active 238 DOM
5. 2026-06-14
   days on market $330,000 Active 236 DOM
6. 2026-06-10
   days on market $330,000 Active 233 DOM
7. 2026-06-08
   days on market $330,000 Active 231 DOM
8. 2026-06-07
   days on market $330,000 Active 230 DOM
9. 2026-06-05
   days on market $330,000 Active 227 DOM
10. 2026-06-03
    days on market $330,000 Active 226 DOM
11. 2026-06-02
    days on market $330,000 Active 225 DOM
12. 2026-06-01
    days on market $330,000 Active 224 DOM
13. 2026-05-31
    days on market $330,000 Active 223 DOM
14. 2026-03-20
    soldstatus $262,000
15. 2026-03-09
    soldstatus $262,000 Closed 915-char remark

    Show marketing remark (915 chars)

    Situated on an oversized corner lot just over half an acre, this 3-bedroom, 2-bath, 2-car garage home offers space, privacy, and opportunity. Built in 1995, the home features an updated kitchen with cool grey cabinetry and quartz countertops, complemented by abundant natural light throughout the home. Some updated flooring and impact windows installed in 2014 add to the value. The generously sized bedrooms provide comfortable living and flexibility for a variety of needs. Enjoy Florida living from the large screened, trussed porch overlooking the expansive yard, complete with a shed for additional storage. Additional updates include a roof replaced in March 2021, and a hot water heater replaced in February 2017. The bathrooms are ready for updating, making this a great option for buyers looking to add their personal touch. Conveniently located with ample outdoor space to create your own backyard oasis.

16. 2026-02-16
    historical Active Under Contract 915-char remark

    Show marketing remark (915 chars)

    Situated on an oversized corner lot just over half an acre, this 3-bedroom, 2-bath, 2-car garage home offers space, privacy, and opportunity. Built in 1995, the home features an updated kitchen with cool grey cabinetry and quartz countertops, complemented by abundant natural light throughout the home. Some updated flooring and impact windows installed in 2014 add to the value. The generously sized bedrooms provide comfortable living and flexibility for a variety of needs. Enjoy Florida living from the large screened, trussed porch overlooking the expansive yard, complete with a shed for additional storage. Additional updates include a roof replaced in March 2021, and a hot water heater replaced in February 2017. The bathrooms are ready for updating, making this a great option for buyers looking to add their personal touch. Conveniently located with ample outdoor space to create your own backyard oasis.

17. 2026-01-26
    price $285,000 915-char remark

    Show marketing remark (915 chars)

    Situated on an oversized corner lot just over half an acre, this 3-bedroom, 2-bath, 2-car garage home offers space, privacy, and opportunity. Built in 1995, the home features an updated kitchen with cool grey cabinetry and quartz countertops, complemented by abundant natural light throughout the home. Some updated flooring and impact windows installed in 2014 add to the value. The generously sized bedrooms provide comfortable living and flexibility for a variety of needs. Enjoy Florida living from the large screened, trussed porch overlooking the expansive yard, complete with a shed for additional storage. Additional updates include a roof replaced in March 2021, and a hot water heater replaced in February 2017. The bathrooms are ready for updating, making this a great option for buyers looking to add their personal touch. Conveniently located with ample outdoor space to create your own backyard oasis.

18. 2025-12-18
    listed $295,000 Active 915-char remark

    Show marketing remark (915 chars)

    Situated on an oversized corner lot just over half an acre, this 3-bedroom, 2-bath, 2-car garage home offers space, privacy, and opportunity. Built in 1995, the home features an updated kitchen with cool grey cabinetry and quartz countertops, complemented by abundant natural light throughout the home. Some updated flooring and impact windows installed in 2014 add to the value. The generously sized bedrooms provide comfortable living and flexibility for a variety of needs. Enjoy Florida living from the large screened, trussed porch overlooking the expansive yard, complete with a shed for additional storage. Additional updates include a roof replaced in March 2021, and a hot water heater replaced in February 2017. The bathrooms are ready for updating, making this a great option for buyers looking to add their personal touch. Conveniently located with ample outdoor space to create your own backyard oasis.

19. 2025-10-20
    listed $330,000 Active
20. 2018-07-06
    historical 726-char remark

    Show marketing remark (726 chars)

    Has been withdrawn due to rental and possible lease option with th tenants. This is not a SHORT SALE, it is a great deal. This beautiful Concrete Block home looks brand new inside and out. Too many features and upgrades to mention. You will have to see for yourself. On over a 1/2 acre, w/ drainage canal behind, you are in a very peaceful place w/ nature surrounding you. Some features incl: Fenced property, storage shed, split plan, leaded front door and skylights. '||chr(10)||'Addendum - $1000 Riding Lawn Mower will be gifted w/ full price offer and no seller concessions. This home is also for rent for $1050/mo and lawncare included. Owner may consider lease/option. Big rooms and workable floorplan. Make us an offer.

21. 2017-08-11
    soldstatus $141,500
22. 2017-08-09
    soldstatus $141,500
23. 2017-06-26
    listed $139,000
24. 2013-05-14
    soldstatus $100,000
25. 2013-02-11
    listed $99,900
26. 2008-10-04
    listed $125,000 726-char remark

    Show marketing remark (726 chars)

    Has been withdrawn due to rental and possible lease option with th tenants. This is not a SHORT SALE, it is a great deal. This beautiful Concrete Block home looks brand new inside and out. Too many features and upgrades to mention. You will have to see for yourself. On over a 1/2 acre, w/ drainage canal behind, you are in a very peaceful place w/ nature surrounding you. Some features incl: Fenced property, storage shed, split plan, leaded front door and skylights. '||chr(10)||'Addendum - $1000 Riding Lawn Mower will be gifted w/ full price offer and no seller concessions. This home is also for rent for $1050/mo and lawncare included. Owner may consider lease/option. Big rooms and workable floorplan. Make us an offer.

27. 1998-12-30
    soldstatus $80,500

ⓘ 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: $4,314 · $359/mo
• Projected year-2 tax: $4,314 · $359/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 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: $25,646
• − Mortgage interest: −$18,485
• − Property taxes: −$4,314
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,052
• − Management: −$2,052
• − Depreciation: −$9,600
• Taxable loss: −$12,506
• Est. tax savings @ 24.0%: +$3,001
• After-tax cash flow: $-3,468/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

+225.5% since first listed

14 events — show timeline

• 2026-03-20 Sold (Public Records) $262,000 Public Records
• 2026-03-09 Sold (MLS) $262,000 SCMLS
• 2026-02-16 Contingent — SCMLS
• 2026-01-26 Price Changed $285,000 SCMLS
• 2025-12-18 Listed $295,000 SCMLS
• 2025-10-20 Listed $330,000 ForSaleByOwner.com
• 2018-07-06 Listing Removed — SCMLS
• 2017-08-11 Sold (Public Records) $141,500 Public Records
• 2017-08-09 Sold (MLS) $141,500 SCMLS
• 2017-06-26 Listed $139,000 SCMLS
• 2013-05-14 Sold (MLS) $100,000 SCMLS
• 2013-02-11 Listed $99,900 SCMLS
• 2008-10-04 Listed $125,000 SCMLS
• 1998-12-30 Sold (Public Records) $80,500 Public Records

Property tax history

+16.3%/yr

Latest (2025): $4,314 · +5.8% YoY. Source: county tax records.