3048 S Highway A1a Unit 4d · Palm Bay, FL 32951

$439,000

3 bd · 2.5 ba · 1,542 sqft · Condo public records · 102 Days on market

Built 1984 $833/mo HOA · 19% of rent

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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 +11.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.1/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Embrace the ultimate beach lifestyle in this charming, end-unit townhome condo just steps from the sand in beautiful Melbourne Bch. This potentially turn key residence with a 1-car garage is part of an intimate, 4-unit complex and enjoys the luxury of having its own private, screened pool! Enjoy a view of the ocean from your primary bedroom & a deeded beach access directly across A1A & a deeded River access point too! The bright, open living and dining area features newer sliders overlooking lush green surrounding an outdoor patio, perfect for gatherings in the relaxing coastal atmosphere. The generous kitchen includes granite countertops, stainless steel appliances, and abundan

Key facts

• Deeded beach access
• Granite countertops
• Outdoor patio

Tags

• PRIVATE SCREENED POOL
• DEEDED BEACH ACCESS
• OUTDOOR PATIO
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• INDOOR OUTDOOR LIVING

Property features AI

Finance

• Financial info: Property currently used for investment and residential purposes
• HOA & community: Association: Melb Bch Ocean View Townhomes Condo; Quarterly association fee of $2,500; Association covers insurance and maintenance of grounds and structure; Community amenity: beach access

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public sewer; Electricity connected; Water connected; Cable connected; Sewer connected
• Home design: Condominium; Three or more levels; Entry level is 1; Faces west
• Construction: Block, concrete and stucco construction; Tile roof; Built with foundation consistent with condominium construction
• Exterior features: Private in-ground pool with screen enclosure; Balcony; Impact windows; Front porch; Patio (screened); Sprinklers in front and rear; Asphalt road frontage (state road)

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Wood
• Bathrooms: 3 bathrooms total (2 full, 1 half)
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Breakfast bar; Ceiling fan(s); Open floorplan; Primary bathroom with tub and shower; Split bedrooms; Vaulted ceilings; 2 fireplaces
• Laundry & utility: Washer and dryer in unit; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $439k.

Deal economics

• At list price, monthly cash flow is $-186 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $406k (7.5% below list).
• Meets the 1% rule at list price ($4k rent vs $439k).
• Recommended offer: $399k (9.0% below list) — sets the bar for market timing.

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: Gemini Elementary School (math 80% / reading 79%, grade A, #116 of 2,144 statewide, top 6%, 468 students, 20% FRL); Herbert C. Hoover Middle School (math 67% / reading 64%, grade A-, #95 of 571 statewide, top 17%, 506 students, 38% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL).
• Market conditions: 218 active listings in the ZIP; 14 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).
• At $4,449/mo this rent would consume 54% of the median local household income ($98k/yr) (locally 196% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k 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 102 days — a 9% lower offer ($399k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $270k; list at $439k implies a 63% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $399,490 (9.0% 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 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 5.79%
• Cash-on-cash: -1.81%
• DSCR: 0.92
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -19.1%
• Equity multiple: 0.33×
• Total profit: $-82,484
• Equity at exit: $65,456

10-year hold

• IRR: -11.5%
• Equity multiple: 0.31×
• Total profit: $-85,114
• Equity at exit: $37,957

Cash invested: $122,920 (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 32951

• Active inventory: 218
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $4,449 high
• Mortgage (P&I): −$2,302
• Tax from tax record: −$382 /mo · $4,587/yr
• Insurance: −$183
• HOA: −$833
• Vacancy / Maint / Mgmt: −$934
• Net cashflow: $-186

Break-even live

Break-even rent $4,684

Max offer price $406,205

Occupancy floor 99%

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: $109,750
• Closing costs: $13,170
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3039 South Highway A1A Unit 1e Melbourne Beach, FL	3.0	2.5	2036	$4,200	$2.06	14d	1	0.04mi
3039 S Hwy A1A Unit 3 Melbourne Beach, FL	4.0	2.5	2036	$5,900	$2.90	23d	1	0.04mi
3037 South Highway A1A Unit 2C Melbourne Beach, FL	3.0	2.5	2036	$5,500	$2.70	23d	1	0.04mi
3037 South Highway A1A Unit 2 Melbourne Beach, FL	3.0	2.5	2036	$5,900	$2.90	23d	1	0.05mi
3031 Hafen Ln Unit 1074150P Melbourne Beach, FL	3.0	3.0	2012	$4,914	$2.44	14d	1	0.05mi
3263 Sand Ct Melbourne Beach, FL	2.0	1.5	1148	$2,350	$2.05	19d	1	0.31mi
3274 Sand Ct Melbourne Beach, FL	2.0	1.5	1148	$2,350	$2.05	23d	1	0.33mi
200 Ocean Ridge Dr Melbourne Beach, FL	4.0	3.0	1745	$3,900	$2.23	14d	1	0.35mi
225 Strand Dr #205 Melbourne Beach, FL	3.0	3.0	1917	$5,500	$2.87	21d	1	0.39mi
3243 Beach View Way Melbourne Beach, FL	2.0	2.5	1220	$2,300	$1.89	23d	1	0.44mi
3261 Beach View Way Melbourne Beach, FL	3.0	2.0	1099	$2,200	$2.00	14d	1	0.46mi
3291 River Villa Way Melbourne Beach, FL	2.0	1.5	1148	$2,000	$1.74	23d	1	0.46mi
380 Norwich Ln Melbourne Beach, FL	2.0	2.0	1326	$2,800	$2.11	23d	1	0.77mi
2175 Barracuda Ave Melbourne Beach, FL	3.0	2.0	1281	$2,750	$2.15	23d	1	1.49mi

HOA detail condo

• Monthly dues: $833 · $9,996/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $439,000 Active 102 DOM
2. 2026-06-17
   days on market $439,000 Active 101 DOM
3. 2026-06-16
   days on market $439,000 Active 100 DOM
4. 2026-06-15
   days on market $439,000 Active 99 DOM
5. 2026-06-14
   days on market $439,000 Active 97 DOM
6. 2026-06-10
   days on market $439,000 Active 94 DOM
7. 2026-06-08
   days on market $439,000 Active 92 DOM
8. 2026-06-07
   days on market $439,000 Active 91 DOM
9. 2026-06-05
   days on market $439,000 Active 88 DOM
10. 2026-06-03
    days on market $439,000 Active 87 DOM
11. 2026-06-02
    days on market $439,000 Active 86 DOM
12. 2026-06-01
    days on market $439,000 Active 85 DOM
13. 2026-05-31
    days on market $439,000 Active 84 DOM
14. 2026-05-31
    days on market $439,000 Active 83 DOM
15. 2026-04-07
    price $439,000
16. 2026-03-09
    price $449,000
17. 2026-03-06
    listed $445,000 Active
18. 2004-05-25
    soldstatus $270,000
19. 1985-12-01
    soldstatus $73,000

ⓘ 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: $4,587 · $382/mo
• Projected year-2 tax: $4,587 · $382/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 20 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: $53,388
• − Mortgage interest: −$24,591
• − Property taxes: −$4,587
• − Insurance: −$2,195
• − Repairs & maintenance: −$4,271
• − Management: −$4,271
• − HOA: −$9,996
• − Depreciation: −$12,771
• Taxable loss: −$9,294
• Est. tax savings @ 24.0%: +$2,231
• After-tax cash flow: $3/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

• County: Brevard County · 602,871 people
• City population: 132,211
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 11,299
• Household income: $98,420
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 196.0

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: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 6% Slovak 3% Lithuanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -209.56%
• Current HPI: 379.9073
• Rent YoY: —
• 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

+501.4% since first listed

5 events — show timeline

• 2026-04-07 Price Changed $439,000 SCMLS
• 2026-03-09 Price Changed $449,000 SCMLS
• 2026-03-06 Listed $445,000 SCMLS
• 2004-05-25 Sold (Public Records) $270,000 Public Records
• 1985-12-01 Sold (Public Records) $73,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $4,587 · +3.4% YoY. Source: county tax records.