1055 Daytona Dr NE · Palm Bay, FL 32905

$239,000

3 bd · 2.0 ba · 1,374 sqft · SingleFamily public records · 24 Days on market

Built 1967 9,148 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 +13.8/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

Pampered gem w/ nearly 1400 sq ft of living area. Gleaming polished terrazzo throughout. A/C, smooth top range/new ''06. New countertops, sink, roof ''04. Side/side ref. w/ ice. Extensive outside storage areas. SMOKE FREE; Great condition, Vaulted ceilings and bright open floorplan, definately make this house feel younger than its years. Fenced yard, room for a pool. City W & S. Well. Short walk to comm. park; walking/bike trail, tennis, swimming lake, boat ramp.

Key facts

• Rv pad
• 9,148 sq ft lot
• Parking

Tags

• TWO SEPARATE LIVING AREAS
• FULLY FENCED BACKYARD
• RV PAD
• LARGE SHEDS WITH ELECTRICITY

Property features AI

Exterior

• Parking: Attached 1-car carport; Additional carport space; RV access/parking
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; One story; North-facing
• Construction: Block, concrete and stucco construction
• Exterior features: Back yard fencing; Full privacy wood fence; Shed(s)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Instant hot water; Breakfast bar / eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Breakfast nook; Eat-in kitchen; Entrance foyer; Primary bathroom with shower (no tub); Split bedroom layout
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer and Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $21 ($251/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 $180k (24.6% below list).
• Recommended offer: $180k (24.6% 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: Palm Bay Elementary School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 586 students, 74% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 55% district-wide (-22 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 324 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 38% of the median local income ($56k/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 $7k 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 24 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $45k; list at $239k implies a 431% 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 $180,262 (24.6% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.75% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.38%
• DSCR: 1.02
• GRM: 11.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.7%
• Equity multiple: 0.36×
• Total profit: $-42,804
• Equity at exit: $35,636

10-year hold

• IRR: -17.4%
• Equity multiple: 0.16×
• Total profit: $-56,483
• Equity at exit: $20,664

Cash invested: $66,920 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 324
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,803 high
• Mortgage (P&I): −$1,253
• Tax from tax record: −$50 /mo · $603/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $21

Break-even live

Break-even rent $1,776

Max offer price $239,000

Occupancy floor 94%

Sensitivity live

Price	-10% $156	-5% $89	+0% $21	+5% $-47	+10% $-114
Rent	-10% $-121	-5% $-50	+0% $21	+5% $92	+10% $163
Rate	-1.0pp $141	-0.5pp $82	base $21	+0.5pp $-41	+1.0pp $-104

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2780 Floresta Dr NE Palm Bay, FL	3.0	2.0	1120	$1,750	$1.56	25d	1	0.05mi
1010 Bianca Dr NE Palm Bay, FL	3.0	2.0	1260	$1,800	$1.43	16d	1	0.43mi
1051 Clearmont St NE Unit 202 Palm Bay, FL	2.0	2.0	993	$1,480	$1.49	21d	1	0.64mi
668 Hampton Dr NE Palm Bay, FL	4.0	2.0	1316	$2,150	$1.63	16d	1	0.71mi
1026 Bacon Cir NE Unit A Palm Bay, FL	2.0	1.0	1488	$1,395	$0.94	25d	1	0.71mi
772 Cadez St NE Palm Bay, FL	3.0	2.0	1428	$1,641	$1.15	23d	1	0.73mi
1452 Turkey Creek Dr NE Palm Bay, FL	2.0	2.0	958	$1,500	$1.57	25d	1	0.76mi
2485 Port Malabar Blvd NE Palm Bay, FL	3.0	1.0–3.0	1181	$4,500	$3.81	16d	301	0.77mi
2168 Tarrytown Ln NE Palm Bay, FL	3.0	2.0	1281	$1,775	$1.39	16d	1	1.31mi
2152 Spring Creek Cir NE Palm Bay, FL	3.0	2.0	1465	$2,249	$1.54	25d	1	1.37mi
2106 Tarrytown Ln NE Palm Bay, FL	3.0	2.0	1281	$1,900	$1.48	16d	1	1.37mi

Listing history 19 events

1. 2026-06-22
   days on market $239,000 Active 24 DOM
2. 2026-06-18
   days on market $239,000 Active 21 DOM
3. 2026-06-17
   statusdays on market $239,000 Active 20 DOM
4. 2026-06-16
   days on market $239,000 Active Under Contract 19 DOM
5. 2026-06-15
   days on market $239,000 Active Under Contract 18 DOM
6. 2026-06-14
   statusdays on market $239,000 Active Under Contract 16 DOM
7. 2026-06-10
   days on market $239,000 Active 13 DOM
8. 2026-06-08
   days on market $239,000 Active 11 DOM
9. 2026-06-07
   days on market $239,000 Active 10 DOM
10. 2026-06-05
    days on market $239,000 Active 7 DOM
11. 2026-06-03
    statusdays on market $239,000 Active 6 DOM
12. 2026-05-22
    listed $239,000 Active
13. 2016-08-16
    historical 471-char remark

    Show marketing remark (508 chars)

    Pampered gem w/ nearly 1400 sq ft of living area. Gleaming polished terrazzo throughout. A/C, smooth top range/new ''06. New countertops, sink, roof ''04. Side/side ref. w/ ice. Extensive outside storage areas. SMOKE FREE; Great condition, Vaulted ceilings and bright open floorplan, definately make this house feel younger than its years. Fenced yard, room for a pool. City W & S. Well for lawns. Short walk to comm. park; walking/bike trail, tennis, swimming lake, boat ramp. Lush green lawn. A beauty!

14. 2016-08-16
    historical 508-char remark

    Show marketing remark (508 chars)

    Pampered gem w/ nearly 1400 sq ft of living area. Gleaming polished terrazzo throughout. A/C, smooth top range/new ''06. New countertops, sink, roof ''04. Side/side ref. w/ ice. Extensive outside storage areas. SMOKE FREE; Great condition, Vaulted ceilings and bright open floorplan, definately make this house feel younger than its years. Fenced yard, room for a pool. City W & S. Well for lawns. Short walk to comm. park; walking/bike trail, tennis, swimming lake, boat ramp. Lush green lawn. A beauty!

15. 2012-04-09
    soldstatus $45,000
16. 2012-02-08
    listed $45,000
17. 2007-11-07
    listed $119,900 471-char remark

    Show marketing remark (471 chars)

    Pampered gem w/ nearly 1400 sq ft of living area. Gleaming polished terrazzo throughout. A/C, smooth top range/new ''06. New countertops, sink, roof ''04. Side/side ref. w/ ice. Extensive outside storage areas. SMOKE FREE; Great condition, Vaulted ceilings and bright open floorplan, definately make this house feel younger than its years. Fenced yard, room for a pool. City W & S. Well. Short walk to comm. park; walking/bike trail, tennis, swimming lake, boat ramp.

18. 2007-09-01
    listed $134,900 508-char remark

    Show marketing remark (508 chars)

    Pampered gem w/ nearly 1400 sq ft of living area. Gleaming polished terrazzo throughout. A/C, smooth top range/new ''06. New countertops, sink, roof ''04. Side/side ref. w/ ice. Extensive outside storage areas. SMOKE FREE; Great condition, Vaulted ceilings and bright open floorplan, definately make this house feel younger than its years. Fenced yard, room for a pool. City W & S. Well for lawns. Short walk to comm. park; walking/bike trail, tennis, swimming lake, boat ramp. Lush green lawn. A beauty!

19. 2004-12-01
    soldstatus $76,500

ⓘ 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: $603 · $50/mo
• Projected year-2 tax: $1,984 · $165/mo
• Expected delta: +$1,381/yr (+$115/mo · 229.2%)

ⓘ 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 10/10 Extreme 7 d/yr ≥105°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: $21,631
• − Mortgage interest: −$13,388
• − Property taxes: −$603
• − Insurance: −$1,195
• − Repairs & maintenance: −$1,731
• − Management: −$1,731
• − Depreciation: −$6,953
• Taxable loss: −$3,968
• Est. tax savings @ 24.0%: +$952
• After-tax cash flow: $1,203/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): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 2%

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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

+212.4% since first listed

8 events — show timeline

• 2026-05-22 Listed $239,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2012-04-09 Sold (MLS) $45,000 SCMLS
• 2012-02-08 Listed $45,000 SCMLS
• 2007-11-07 Listed $119,900 SCMLS
• 2007-09-01 Listed $134,900 SCMLS
• 2004-12-01 Sold (Public Records) $76,500 Public Records

Property tax history

+1.8%/yr

Latest (2025): $603 · +1.7% YoY. Source: county tax records.