1427 Higbee St SE · Palm Bay, FL 32909

$403,645

3 bd · 2.0 ba · 1,864 sqft · Land · 187 Days on market

Built 2025 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).

• Appreciation +10.0/10.0
• Cash flow +7.7/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• DSCR +1.8/10.0
• 1% rule +0.9/10.0

Listing remarks MLS

Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

Key facts

• Vast kitchen
• Whirlpool appliances
• Welcoming foyer

Tags

• BLOCK CONSTRUCTED HOME
• WELCOMING FOYER
• VAST KITCHEN
• EXPANSIVE COUNTERS
• WHIRLPOOL APPLIANCES
• DINING ROOM

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Septic tank; Cable available; Electricity connected; Water-smart landscaping; Programmable thermostat
• Home design: Single Family Residence; One story; Faces northeast; New construction
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Porch; Storm shutters

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Electric water heater
• Bedrooms: 3 bedrooms — all on the first level; Owners suite (first level); Bedroom 2 (first level); Bedroom 3 (first level)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Open floorplan; Breakfast bar; Pantry; Primary bathroom with shower (no tub); Primary bedroom on main level; Split bedrooms; Walk-in closet(s); 8 total rooms
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $404k.

Deal economics

• At list price, monthly cash flow is $-473 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $320k (20.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (40.9% below list).
• Recommended offer: $238k (40.9% 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 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 (+3.7%/yr); 1111 active listings in the ZIP; 28 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 36% 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 $43k of equity ($3k loan paydown + $40k 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 ~$69k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 187 days — a 12% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y 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 $40k; list at $404k implies a 909% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $238,444 (40.9% 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 187 days. Have you received any prior offers? Is the seller open to a 41% 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: 0.59% ✗
• Cap rate: 4.89%
• Cash-on-cash: -5.03%
• DSCR: 0.78
• GRM: 14.1

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: 20.8%
• Equity multiple: 2.69×
• Total profit: $191,076
• Equity at exit: $363,635

10-year hold

• IRR: 19.0%
• Equity multiple: 6.21×
• Total profit: $589,313
• Equity at exit: $784,193

Cash invested: $113,021 (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: 14.1×

Monthly cashflow live

• Estimated rent: $2,384 high
• Mortgage (P&I): −$2,117
• Tax from tax record: −$72 /mo · $866/yr
• Insurance: −$168
• HOA: −$0
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $-473

Break-even live

Break-even rent $2,984

Max offer price $320,024

Occupancy floor —

Sensitivity live

Price	-10% $-245	-5% $-359	+0% $-473	+5% $-588	+10% $-1,185
Rent	-10% $-662	-5% $-568	+0% $-473	+5% $-379	+10% $-285
Rate	-1.0pp $-270	-0.5pp $-371	base $-473	+0.5pp $-578	+1.0pp $-684

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: $100,911
• Closing costs: $12,109
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	24d	1	0.06mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	20d	1	0.25mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	24d	1	0.42mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	15d	1	0.45mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	15d	1	0.63mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	22d	1	0.68mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	24d	1	0.75mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	24d	1	0.80mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	24d	1	0.80mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	24d	1	1.00mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	15d	1	1.01mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	20d	1	1.08mi
3517 Rixford Way SE Palm Bay, FL	4.0	3.0	2562	$2,800	$1.09	24d	1	1.09mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	1.11mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	20d	1	1.12mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	14d	1	1.15mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	20d	1	1.15mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	24d	1	1.17mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	24d	1	1.18mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	24d	1	1.20mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	15d	1	1.20mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	14d	1	1.21mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	24d	1	1.27mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	24d	1	1.33mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	1.36mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	15d	1	1.36mi
1566 Criswell Ln SE Palm Bay, FL	4.0	2.0	2046	$2,400	$1.17	24d	1	1.37mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	22d	1	1.40mi

Listing history 29 events

1. 2026-06-18
   days on market $403,645 Active 187 DOM
2. 2026-06-17
   days on market $403,645 Active 186 DOM
3. 2026-06-16
   days on market $403,645 Active 185 DOM
4. 2026-06-15
   days on market $403,645 Active 184 DOM
5. 2026-06-14
   days on market $403,645 Active 182 DOM
6. 2026-06-10
   days on market $403,645 Active 179 DOM
7. 2026-06-08
   days on market $403,645 Active 177 DOM
8. 2026-06-07
   days on market $403,645 Active 176 DOM
9. 2026-06-05
   days on market $403,645 Active 173 DOM
10. 2026-06-03
    days on market $403,645 Active 172 DOM
11. 2026-06-02
    days on market $403,645 Active 171 DOM
12. 2026-06-01
    days on market $403,645 Active 170 DOM
13. 2026-05-31
    days on market $403,645 Active 169 DOM
14. 2026-05-31
    days on market $403,645 Active 168 DOM
15. 2026-05-05
    price $385,990 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

16. 2026-04-25
    price $385,992 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

17. 2026-04-24
    price $385,990 856-char remark

    Show marketing remark (856 chars)

    READY NOW!! HOME IS COMPLETE! Step into our SANIBEL floor plan to find the Foyer transforming into the large Dining Room/Great Room area. This popular plan has a great Kitchen for entertaining with lots of Counter Space, and Island for food prepping, a Shelved Walk In Pantry and Whirlpool Appliances. Overlooking the spacious Great Room, step out to the Lanai outdoor entertaining. Flanking the Great Room is the Owners Suite, which has its own Tiled Shower, Vanity with two sinks, ample Counter Space and roomy Walk in Closet. Save on utilities with energy efficient 15 SEER A/C, Low E/Double Pane windows and a Solar Attic Fan. Tile Flooring main area, bedrooms carpet, quartz countertops, 2nd sink owner's suite, stone exterior This new home includes one full year of builder's transferable warranty coverage and a 10-year limited structural warranty.

18. 2025-12-26
    historical 856-char remark

    Show marketing remark (856 chars)

    READY NOW!! HOME IS COMPLETE! Step into our SANIBEL floor plan to find the Foyer transforming into the large Dining Room/Great Room area. This popular plan has a great Kitchen for entertaining with lots of Counter Space, and Island for food prepping, a Shelved Walk In Pantry and Whirlpool Appliances. Overlooking the spacious Great Room, step out to the Lanai outdoor entertaining. Flanking the Great Room is the Owners Suite, which has its own Tiled Shower, Vanity with two sinks, ample Counter Space and roomy Walk in Closet. Save on utilities with energy efficient 15 SEER A/C, Low E/Double Pane windows and a Solar Attic Fan. Tile Flooring main area, bedrooms carpet, quartz countertops, 2nd sink owner's suite, stone exterior This new home includes one full year of builder's transferable warranty coverage and a 10-year limited structural warranty.

19. 2025-12-13
    listed $403,645 Active 856-char remark

    Show marketing remark (856 chars)

    READY NOW!! HOME IS COMPLETE! Step into our SANIBEL floor plan to find the Foyer transforming into the large Dining Room/Great Room area. This popular plan has a great Kitchen for entertaining with lots of Counter Space, and Island for food prepping, a Shelved Walk In Pantry and Whirlpool Appliances. Overlooking the spacious Great Room, step out to the Lanai outdoor entertaining. Flanking the Great Room is the Owners Suite, which has its own Tiled Shower, Vanity with two sinks, ample Counter Space and roomy Walk in Closet. Save on utilities with energy efficient 15 SEER A/C, Low E/Double Pane windows and a Solar Attic Fan. Tile Flooring main area, bedrooms carpet, quartz countertops, 2nd sink owner's suite, stone exterior This new home includes one full year of builder's transferable warranty coverage and a 10-year limited structural warranty.

20. 2025-12-13
    listed $403,645 Active

    Show marketing remark (856 chars)

    READY NOW!! HOME IS COMPLETE! Step into our SANIBEL floor plan to find the Foyer transforming into the large Dining Room/Great Room area. This popular plan has a great Kitchen for entertaining with lots of Counter Space, and Island for food prepping, a Shelved Walk In Pantry and Whirlpool Appliances. Overlooking the spacious Great Room, step out to the Lanai outdoor entertaining. Flanking the Great Room is the Owners Suite, which has its own Tiled Shower, Vanity with two sinks, ample Counter Space and roomy Walk in Closet. Save on utilities with energy efficient 15 SEER A/C, Low E/Double Pane windows and a Solar Attic Fan. Tile Flooring main area, bedrooms carpet, quartz countertops, 2nd sink owner's suite, stone exterior This new home includes one full year of builder's transferable warranty coverage and a 10-year limited structural warranty.

21. 2025-11-13
    status Active 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

22. 2025-11-11
    historical 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

23. 2025-05-20
    price $403,645 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

24. 2024-12-28
    listed $398,645 Active 1163-char remark

    Show marketing remark (1163 chars)

    Welcome to the Siesta, a harmonious blend of comfort and style in our Cornerstone collection at Holiday Builders. This 3-bedroom, 2-bathroom haven, complete with a 2-car garage, offers a spacious 1,864 square feet of living space, creating the perfect backdrop for your dream lifestyle. With multiple elevations to choose from, the Siesta is not just a home; it's an invitation to a life well-lived. As you enter through the foyer, the Siesta welcomes you with an immediate sense of warmth and sophistication. To your left, a versatile den or office awaits - an ideal space for remote work or quiet reflection. On your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where an open kitchen seamlessly connects to the expansive 22×14 great room. This thoughtful design ensures that the kitchen is the heart of the home, offering multiple points of access from the foyer, dining room, or great room. The kitchen boasts an island with a dishwasher and sink, making it a culinary enthusiast's dream. A convenient kitchen pantry adds functionality and style to this space.

25. 2024-06-10
    soldstatus $40,000
26. 2024-06-07
    soldstatus $40,000 Closed
27. 2024-03-24
    status Pending
28. 2024-03-14
    listed $40,000 Active
29. 1986-02-01
    soldstatus $5,200

ⓘ 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: $866 · $72/mo
• Projected year-2 tax: $3,350 · $279/mo
• Expected delta: +$2,485/yr (+$207/mo · 287.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $28,613
• − Mortgage interest: −$22,610
• − Property taxes: −$866
• − Insurance: −$2,018
• − Repairs & maintenance: −$2,289
• − Management: −$2,289
• − Depreciation: −$11,742
• Taxable loss: −$13,201
• Est. tax savings @ 24.0%: +$3,168
• After-tax cash flow: $-2,512/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

+7322.9% since first listed

15 events — show timeline

• 2026-05-05 Price Changed $385,990 Zillow
• 2026-04-25 Price Changed $385,992 Zillow
• 2026-04-24 Price Changed $385,990 SCMLS
• 2025-12-26 Listing Removed — SCMLS
• 2025-12-13 Listed $403,645 SCMLS
• 2025-12-13 Listed $403,645 SCMLS
• 2025-11-13 Relisted — Zillow
• 2025-11-11 Delisted — Zillow
• 2025-05-20 Price Changed $403,645 Zillow
• 2024-12-28 Listed $398,645 Zillow
• 2024-06-10 Sold (Public Records) $40,000 Public Records
• 2024-06-07 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-14 Listed $40,000 Stellar MLS as Distributed by MLS Grid
• 1986-02-01 Sold (Public Records) $5,200 Public Records

Property tax history

+21.6%/yr

Latest (2025): $866 · +54.6% YoY. Source: county tax records.