1328 Washburn St SE · Palm Bay, FL 32909

$419,400

4 bd · 2.0 ba · 1,795 sqft · SingleFamily public records · 161 Days on market

Built 2024 10,019 sqft lot

---

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 +5.9/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.8/10.0
• DSCR +0.3/10.0

Listing remarks MLS

Immaculate 4-bedroom, 2-bath home offering modern comfort and style on a spacious ¼-acre lot in a quiet neighborhood. Enjoy an open-concept layout with abundant natural light, wood-look plank tile throughout, and impressive 9'4'' ceilings. The chef-inspired kitchen features Quartz countertops, stainless steel appliances, and a large center island perfect for gatherings. The screened lanai/covered patio extends your living space outdoors, ideal for morning coffee, BBQs, or relaxing in the Florida breeze. Move-in ready and perfectly designed for both everyday living and entertaining.

Key facts

• Quartz countertops
• Large center island
• 0.23 acre lot

Tags

• OPEN-CONCEPT LIVING SPACE
• CHEF-FRIENDLY KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE CENTER ISLAND
• SPARKLING PRIVATE POOL

Property features AI

Exterior

• Parking: Attached garage with 2 spaces; Driveway; Garage door opener
• Security: Smoke detector(s)
• Utilities: Well water; Septic tank
• Home design: Single-story home; Resale property; North-facing
• Construction: Block, shingle siding, and stucco construction; Shingle roof; Well irrigation
• Exterior features: Enclosed porch; Screened porch; Outdoor lighting; Storm/security shutters; Automatic sprinkler system

Interior

• Kitchen: Dishwasher; Electric range; Self-cleaning oven; Microwave; Refrigerator; Garbage disposal; Water softener (owned)
• Bedrooms: Split bedroom layout
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Unfurnished; Dining area and a separate/formal dining room; Dual sinks; Eat-in kitchen; First floor entry; Kitchen island; Pantry; Split bedrooms; Walk-in closet(s)
• Laundry & utility: Washer hookup; Dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $419k.

Deal economics

• At list price, monthly cash flow is $-821 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (34.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $245k (41.6% below list).
• Recommended offer: $245k (41.6% 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: 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; 20 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 37% 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 $45k of equity ($3k loan paydown + $42k 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 ~$72k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($369k) is reasonable based on typical stale-listing flexibility.
• 6 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $244,757 (41.6% 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 161 days. Have you received any prior offers? Is the seller open to a 42% 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: 0.58% ✗
• Cap rate: 3.94%
• Cash-on-cash: -8.39%
• DSCR: 0.63
• GRM: 14.3

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: 18.5%
• Equity multiple: 2.51×
• Total profit: $177,720
• Equity at exit: $377,829

10-year hold

• IRR: 17.3%
• Equity multiple: 5.84×
• Total profit: $567,852
• Equity at exit: $814,802

Cash invested: $117,432 (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: 14.3×

Monthly cashflow live

• Estimated rent: $2,448 high
• Mortgage (P&I): −$2,199
• Tax from tax record: −$381 /mo · $4,568/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $-821

Break-even live

Break-even rent $3,487

Max offer price $274,323

Occupancy floor —

Sensitivity live

Price	-10% $-584	-5% $-703	+0% $-821	+5% $-940	+10% $-1,059
Rent	-10% $-1,015	-5% $-918	+0% $-821	+5% $-725	+10% $-628
Rate	-1.0pp $-610	-0.5pp $-715	base $-821	+0.5pp $-930	+1.0pp $-1,040

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: $104,850
• Closing costs: $12,582
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	24d	1	0.24mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	15d	1	0.27mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	24d	1	0.28mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	24d	1	0.28mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	15d	1	0.36mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	24d	1	0.43mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	24d	1	0.46mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	20d	1	0.61mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	20d	1	0.67mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	14d	1	0.67mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	20d	1	0.70mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	14d	1	0.70mi
3517 Rixford Way SE Palm Bay, FL	4.0	3.0	2562	$2,800	$1.09	24d	1	0.76mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	24d	1	0.85mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	24d	1	0.86mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	0.90mi
1566 Criswell Ln SE Palm Bay, FL	4.0	2.0	2046	$2,400	$1.17	24d	1	0.90mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	22d	1	1.05mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	24d	1	1.08mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	24d	1	1.17mi

Listing history 33 events

1. 2026-06-18
   days on market $419,400 Active 161 DOM
2. 2026-06-17
   days on market $419,400 Active 160 DOM
3. 2026-06-16
   days on market $419,400 Active 159 DOM
4. 2026-06-15
   days on market $419,400 Active 158 DOM
5. 2026-06-14
   days on market $419,400 Active 156 DOM
6. 2026-06-10
   days on market $419,400 Active 153 DOM
7. 2026-06-08
   days on market $419,400 Active 151 DOM
8. 2026-06-07
   pricedays on market $419,400 Active 150 DOM
9. 2026-06-05
   days on market $419,900 Active 147 DOM
10. 2026-06-03
    days on market $419,900 Active 146 DOM
11. 2026-06-02
    days on market $419,900 Active 145 DOM
12. 2026-06-01
    days on market $419,900 Active 144 DOM
13. 2026-05-31
    days on market $419,900 Active 143 DOM
14. 2026-05-31
    days on market $419,900 Active 142 DOM
15. 2026-04-15
    price $419,900

    Show marketing remark (595 chars)

    Immaculate 4-bedroom, 2-bath home offering modern comfort and style on a spacious ¼-acre lot in a quiet neighborhood. Enjoy an open-concept layout with abundant natural light, wood-look plank tile throughout, and impressive 9'4'' ceilings. The chef-inspired kitchen features Quartz countertops, stainless steel appliances, and a large center island perfect for gatherings. The screened lanai/covered patio extends your living space outdoors, ideal for morning coffee, BBQs, or relaxing in the Florida breeze. Move-in ready and perfectly designed for both everyday living and entertaining.

16. 2026-04-15
    price $419,900 595-char remark

    Show marketing remark (595 chars)

    Immaculate 4-bedroom, 2-bath home offering modern comfort and style on a spacious ¼-acre lot in a quiet neighborhood. Enjoy an open-concept layout with abundant natural light, wood-look plank tile throughout, and impressive 9'4'' ceilings. The chef-inspired kitchen features Quartz countertops, stainless steel appliances, and a large center island perfect for gatherings. The screened lanai/covered patio extends your living space outdoors, ideal for morning coffee, BBQs, or relaxing in the Florida breeze. Move-in ready and perfectly designed for both everyday living and entertaining.

17. 2026-01-08
    listed $429,900 Active
18. 2025-12-03
    listed $429,900 Active 595-char remark

    Show marketing remark (595 chars)

    Immaculate 4-bedroom, 2-bath home offering modern comfort and style on a spacious ¼-acre lot in a quiet neighborhood. Enjoy an open-concept layout with abundant natural light, wood-look plank tile throughout, and impressive 9'4'' ceilings. The chef-inspired kitchen features Quartz countertops, stainless steel appliances, and a large center island perfect for gatherings. The screened lanai/covered patio extends your living space outdoors, ideal for morning coffee, BBQs, or relaxing in the Florida breeze. Move-in ready and perfectly designed for both everyday living and entertaining.

19. 2024-07-15
    soldstatus $369,900 Closed 824-char remark

    Show marketing remark (824 chars)

    $12K in closing costs incentives offered on contracts closed June 30th! * Net -Zero Ready * No HOA, No CDD. This is a high-quality, high-performance energy-efficient home. Included as standard upgrade features; Energy Star SS Appliances, top of line AC 15-16-Seer, Luxury tile plank flooring, Quartz countertops, LED lighting, 42'' soft-close cabinets, open floor plan with 9'4 ceilings with tray ceiling in the master, Hybrid Water Heater, Covered Lanai, Irrigation System, Rain Gutters, Hurricane Shutters, Low-E double pane energy-efficient windows, Spray foam insulation throughout the exterior walls and attic, that provides superior insulation as well as an excellent sound suppressant, and lastly, an * optional * solar system to provide a near-zero energy bill and eligibility to a federal tax credit of ~$6,000.

20. 2024-07-03
    soldstatus $369,900
21. 2024-05-30
    status Pending 824-char remark

    Show marketing remark (824 chars)

    $12K in closing costs incentives offered on contracts closed June 30th! * Net -Zero Ready * No HOA, No CDD. This is a high-quality, high-performance energy-efficient home. Included as standard upgrade features; Energy Star SS Appliances, top of line AC 15-16-Seer, Luxury tile plank flooring, Quartz countertops, LED lighting, 42'' soft-close cabinets, open floor plan with 9'4 ceilings with tray ceiling in the master, Hybrid Water Heater, Covered Lanai, Irrigation System, Rain Gutters, Hurricane Shutters, Low-E double pane energy-efficient windows, Spray foam insulation throughout the exterior walls and attic, that provides superior insulation as well as an excellent sound suppressant, and lastly, an * optional * solar system to provide a near-zero energy bill and eligibility to a federal tax credit of ~$6,000.

22. 2024-04-09
    price $369,900 824-char remark

    Show marketing remark (824 chars)

    $12K in closing costs incentives offered on contracts closed June 30th! * Net -Zero Ready * No HOA, No CDD. This is a high-quality, high-performance energy-efficient home. Included as standard upgrade features; Energy Star SS Appliances, top of line AC 15-16-Seer, Luxury tile plank flooring, Quartz countertops, LED lighting, 42'' soft-close cabinets, open floor plan with 9'4 ceilings with tray ceiling in the master, Hybrid Water Heater, Covered Lanai, Irrigation System, Rain Gutters, Hurricane Shutters, Low-E double pane energy-efficient windows, Spray foam insulation throughout the exterior walls and attic, that provides superior insulation as well as an excellent sound suppressant, and lastly, an * optional * solar system to provide a near-zero energy bill and eligibility to a federal tax credit of ~$6,000.

23. 2024-01-11
    price $372,400 824-char remark

    Show marketing remark (824 chars)

    $12K in closing costs incentives offered on contracts closed June 30th! * Net -Zero Ready * No HOA, No CDD. This is a high-quality, high-performance energy-efficient home. Included as standard upgrade features; Energy Star SS Appliances, top of line AC 15-16-Seer, Luxury tile plank flooring, Quartz countertops, LED lighting, 42'' soft-close cabinets, open floor plan with 9'4 ceilings with tray ceiling in the master, Hybrid Water Heater, Covered Lanai, Irrigation System, Rain Gutters, Hurricane Shutters, Low-E double pane energy-efficient windows, Spray foam insulation throughout the exterior walls and attic, that provides superior insulation as well as an excellent sound suppressant, and lastly, an * optional * solar system to provide a near-zero energy bill and eligibility to a federal tax credit of ~$6,000.

24. 2023-12-04
    listed $374,900 Active 824-char remark

    Show marketing remark (824 chars)

    $12K in closing costs incentives offered on contracts closed June 30th! * Net -Zero Ready * No HOA, No CDD. This is a high-quality, high-performance energy-efficient home. Included as standard upgrade features; Energy Star SS Appliances, top of line AC 15-16-Seer, Luxury tile plank flooring, Quartz countertops, LED lighting, 42'' soft-close cabinets, open floor plan with 9'4 ceilings with tray ceiling in the master, Hybrid Water Heater, Covered Lanai, Irrigation System, Rain Gutters, Hurricane Shutters, Low-E double pane energy-efficient windows, Spray foam insulation throughout the exterior walls and attic, that provides superior insulation as well as an excellent sound suppressant, and lastly, an * optional * solar system to provide a near-zero energy bill and eligibility to a federal tax credit of ~$6,000.

25. 2021-10-04
    soldstatus $38,000
26. 2020-06-25
    soldstatus $8,500
27. 2020-06-22
    soldstatus $8,500 Closed
28. 2020-05-26
    status Contingent
29. 2020-05-01
    historical
30. 2020-01-27
    listed $9,000 Active
31. 2016-08-16
    historical
32. 2007-05-18
    listed $60,000
33. 1978-04-01
    soldstatus $2,900

ⓘ 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: $4,568 · $381/mo
• Projected year-2 tax: $4,568 · $381/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 5/10 Major
• 🌡 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: $29,371
• − Mortgage interest: −$23,493
• − Property taxes: −$4,568
• − Insurance: −$2,097
• − Repairs & maintenance: −$2,350
• − Management: −$2,350
• − Depreciation: −$12,201
• Taxable loss: −$17,688
• Est. tax savings @ 24.0%: +$4,245
• After-tax cash flow: $-5,610/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

+14379.3% since first listed

19 events — show timeline

• 2026-04-15 Price Changed $419,900 MARMLS
• 2026-04-15 Price Changed $419,900 SCMLS
• 2026-01-08 Listed $429,900 MARMLS
• 2025-12-03 Listed $429,900 SCMLS
• 2024-07-15 Sold (MLS) $369,900 SCMLS
• 2024-07-03 Sold (Public Records) $369,900 Public Records
• 2024-05-30 Pending — SCMLS
• 2024-04-09 Price Changed $369,900 SCMLS
• 2024-01-11 Price Changed $372,400 SCMLS
• 2023-12-04 Listed $374,900 SCMLS
• 2021-10-04 Sold (Public Records) $38,000 Public Records
• 2020-06-25 Sold (Public Records) $8,500 Public Records
• 2020-06-22 Sold (MLS) $8,500 SCMLS
• 2020-05-26 Relisted — SCMLS
• 2020-05-01 Listing Removed — SCMLS
• 2020-01-27 Listed $9,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2007-05-18 Listed $60,000 SCMLS
• 1978-04-01 Sold (Public Records) $2,900 Public Records

Property tax history

+42.6%/yr

Latest (2025): $4,568 · +780.3% YoY. Source: county tax records.