768 Haryestor Ave SW · Palm Bay, FL 32908

$366,450

4 bd · 2.0 ba · 2,169 sqft · Land · 47 Days on market

Built 2026 10,019 sqft lot ↓ 57% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks

NEW CONSTRUCTION READY JULY-AUGUST 2026. Start your next chapter with only a $1,000 deposit and ALL closing costs covered (excluding escrow and prepaids) with a preferred lender, plus enjoy a $10K CASH rate buy-down! Welcome home to the popular Adams Homes 2169 floorplan. ''The family retreat house''. This 4-bedroom, 2-bath single-story home features an open-concept layout. The spacious kitchen includes ample cabinet storage, a large pantry, and generous counter space--ideal for hosting family and friends. The private owner's suite offers a relaxing retreat with a large walk-in closet and en-suite bath featuring dual vanities and a walk-in shower. Three additional bedrooms provide flexibili

Key facts

• Large pantry
• Large walk-in closet
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• AMPLE CABINET STORAGE
• LARGE PANTRY
• GENEROUS COUNTER SPACE
• PRIVATE OWNER'S SUITE
• LARGE WALK-IN CLOSET

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Aerobic septic and septic tank; Cable available; Electricity available and connected
• Home design: Single family residence; One story; Faces east; New construction
• Construction: Concrete construction
• Exterior features: Storm shutters; Covered rear porch; Porch

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Pantry; Eat-in kitchen
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Hot water heating; Central air conditioning; Electric cooling
• Interior features: Eat-in kitchen; Entrance foyer; His and hers closets; Open floorplan; Pantry; Primary bathroom with tub and separate shower; Split bedrooms; Vaulted ceilings; Walk-in closets
• Laundry & utility: Washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $366k.

Deal economics

• At list price, monthly cash flow is $-549 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $287k (21.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (31.5% below list).
• Recommended offer: $251k (31.5% 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); 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.
• 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 (+1.3%/yr); 1020 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 38% 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 $3k of loan paydown is wiped out by about $11k 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 47 days — a 3% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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 $34k; list at $366k implies a 978% 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; moderate wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $251,091 (31.5% 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 47 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.69% ✗
• Cap rate: 4.50%
• Cash-on-cash: -6.42%
• DSCR: 0.71
• GRM: 12.2

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: -29.3%
• Equity multiple: 0.04×
• Total profit: $-98,546
• Equity at exit: $54,639

10-year hold

• IRR: -38.4%
• Equity multiple: -0.44×
• Total profit: $-147,511
• Equity at exit: $31,684

Cash invested: $102,606 (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: 1020
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $2,511 high
• Mortgage (P&I): −$1,922
• Tax est. 1.5%: −$458 /mo · $5,497/yr
• Insurance: −$153
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $-549

Break-even live

Break-even rent $3,206

Max offer price $287,033

Occupancy floor —

Sensitivity live

Price	-10% $-296	-5% $-422	+0% $-549	+5% $-675	+10% $-802
Rent	-10% $-747	-5% $-648	+0% $-549	+5% $-450	+10% $-350
Rate	-1.0pp $-364	-0.5pp $-456	base $-549	+0.5pp $-644	+1.0pp $-740

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: $91,612
• Closing costs: $10,994
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
591 Darien Ave SW Palm Bay, FL	4.0	2.0	2076	$2,750	$1.32	24d	1	0.51mi
746 Harriet Ave SW Palm Bay, FL	4.0	3.0	2155	$2,550	$1.18	24d	1	0.54mi
Town Rd SW Palm Bay, FL	3.0	2.0	1600	$1,995	$1.25	24d	1	0.72mi
1037 Garvey Rd SW Palm Bay, FL	4.0	3.0	1850	$2,516	$1.36	14d	1	0.84mi
340 Wendover Rd SW Palm Bay, FL	4.0	2.0	2052	$2,200	$1.07	24d	1	0.86mi
436 Wimpole Ln SW Palm Bay, FL	4.0	2.0	1806	$2,300	$1.27	24d	1	0.93mi
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	24d	1	1.00mi
1850 Jupiter Blvd SW Unit 20 Palm Bay, FL	4.0	3.0	2203	$2,200	$1.00	24d	1	1.01mi
1023 Garvey Rd SW Palm Bay, FL	4.0	2.0	1750	$2,296	$1.31	14d	1	1.04mi
263 Trilby Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.16mi
1091 Wing Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.18mi
497 Schenley St SW Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	24d	1	1.25mi
1133 Hanover Ave SW Palm Bay, FL	4.0	2.0	1804	$2,250	$1.25	21d	1	1.25mi
191 Turk Rd SW Palm Bay, FL	4.0	2.0	1604	$2,485	$1.55	24d	1	1.27mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	24d	1	1.31mi
1357 Mineral Loop Dr NW Palm Bay, FL	3.0	2.0	1738	$2,150	$1.24	14d	1	1.36mi
622 Papillon St SW Palm Bay, FL	5.0	2.5	2400	$2,450	$1.02	12d	1	1.45mi

Listing history 20 events

1. 2026-06-18
   days on market $366,450 Active 47 DOM
2. 2026-06-17
   days on market $366,450 Active 46 DOM
3. 2026-06-16
   days on market $366,450 Active 45 DOM
4. 2026-06-15
   days on market $366,450 Active 44 DOM
5. 2026-06-14
   days on market $366,450 Active 42 DOM
6. 2026-06-10
   pricedays on market $366,450 Active 39 DOM
7. 2026-06-08
   days on market $363,450 Active 37 DOM
8. 2026-06-07
   days on market $363,450 Active 36 DOM
9. 2026-06-05
   days on market $363,450 Active 33 DOM
10. 2026-06-03
    days on market $363,450 Active 32 DOM
11. 2026-06-02
    days on market $363,450 Active 31 DOM
12. 2026-06-01
    days on market $363,450 Active 30 DOM
13. 2026-05-31
    days on market $363,450 Active 29 DOM
14. 2026-05-31
    days on market $363,450 Active 28 DOM
15. 2026-05-11
    price $363,450
16. 2026-05-02
    listed $362,450 Active
17. 2021-03-23
    soldstatus $34,000 Closed
18. 2021-01-19
    status Pending
19. 2021-01-13
    listed $38,000 Active
20. 1997-10-17
    soldstatus $847,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 18 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: $30,131
• − Mortgage interest: −$20,527
• − Property taxes: −$5,497
• − Insurance: −$1,832
• − Repairs & maintenance: −$2,410
• − Management: −$2,410
• − Depreciation: −$10,660
• Taxable loss: −$13,206
• Est. tax savings @ 24.0%: +$3,170
• After-tax cash flow: $-3,417/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

-57.1% since first listed

6 events — show timeline

• 2026-05-11 Price Changed $363,450 SCMLS
• 2026-05-02 Listed $362,450 SCMLS
• 2021-03-23 Sold (MLS) $34,000 SCMLS
• 2021-01-19 Pending — SCMLS
• 2021-01-13 Listed $38,000 SCMLS
• 1997-10-17 Sold (Public Records) $847,000 Public Records

Property tax history

+11.3%/yr

Latest (2025): $508 · +10.5% YoY. Source: county tax records.