1325 Defender St NW · Palm Bay, FL 32907

$303,900

4 bd · 2.0 ba · 1,876 sqft · Land · 36 Days on market

Built 2026 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).

• Cash flow +8.9/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• 1% rule +2.7/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

Key facts

• Open living spaces
• Spacious pantry
• Large island

Tags

• OPEN LIVING SPACES
• LARGE ISLAND
• SPACIOUS PANTRY
• FLEXIBLE LIVING SPACE
• EXTENDED REAR PATIO
• PRIVATE PRIMARY SUITE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $304k.

Deal economics

• At list price, monthly cash flow is $-247 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (11.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (22.8% below list).
• Recommended offer: $235k (22.8% 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 flat; 739 active listings in the ZIP; 30 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 ($75k/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 $9k 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 36 days — a 3% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $304k implies a 660% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $234,523 (22.8% 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 36 days. Have you received any prior offers? Is the seller open to a 23% 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: 0.77% ✗
• Cap rate: 5.32%
• Cash-on-cash: -3.49%
• DSCR: 0.84
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: -24.5%
• Equity multiple: 0.18×
• Total profit: $-69,755
• Equity at exit: $45,312

10-year hold

• IRR: -27.3%
• Equity multiple: -0.17×
• Total profit: $-99,731
• Equity at exit: $26,276

Cash invested: $85,092 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,345 high
• Mortgage (P&I): −$1,594
• Tax est. 1.5%: −$380 /mo · $4,558/yr
• Insurance: −$127
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-247

Break-even live

Break-even rent $2,658

Max offer price $268,094

Occupancy floor —

Sensitivity live

Price	-10% $-37	-5% $-142	+0% $-247	+5% $-352	+10% $-457
Rent	-10% $-433	-5% $-340	+0% $-247	+5% $-155	+10% $-62
Rate	-1.0pp $-94	-0.5pp $-170	base $-247	+0.5pp $-326	+1.0pp $-406

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: $75,975
• Closing costs: $9,117
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1357 Sequoia Rd NW Palm Bay, FL	3.0	2.0	1874	$2,200	$1.17	24d	1	0.17mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	15d	1	0.22mi
1357 Mineral Loop Dr NW Palm Bay, FL	3.0	2.0	1738	$2,150	$1.24	15d	1	0.23mi
1091 Wing Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	0.53mi
1572 Holbrook Rd NW Palm Bay, FL	3.0	2.0	1256	$1,945	$1.55	24d	1	0.61mi
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	24d	1	0.62mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	15d	1	0.72mi
340 Wendover Rd SW Palm Bay, FL	4.0	2.0	2052	$2,200	$1.07	24d	1	0.72mi
308 Tamarind Cir NW Palm Bay, FL	3.0	2.0	1350	$2,100	$1.56	24d	1	0.79mi
1374 Jupiter Blvd NW Palm Bay, FL	3.0	2.0	1500	$1,895	$1.26	24d	1	0.79mi
983 Pyracantha St NW Palm Bay, FL	4.0	2.0	1659	$1,999	$1.20	24d	1	0.84mi
1850 Jupiter Blvd SW Unit 20 Palm Bay, FL	4.0	3.0	2203	$2,200	$1.00	24d	1	0.92mi
1830 Diablo Cir SW Palm Bay, FL	3.0	2.0	1451	$1,995	$1.37	15d	1	0.94mi
622 Papillon St SW Palm Bay, FL	5.0	2.5	2400	$2,450	$1.02	13d	1	1.00mi
1405 Pace Dr NW Palm Bay, FL	4.0	2.0	1830	$2,500	$1.37	20d	1	1.02mi
465 Birch Ave SW Palm Bay, FL	3.0	2.0	1252	$2,000	$1.60	24d	1	1.03mi
838 Gillen Ave NW Palm Bay, FL	3.0	2.0	1416	$1,900	$1.34	15d	1	1.07mi
1975 Diablo Cir SW Palm Bay, FL	4.0	2.0	1801	$2,800	$1.55	13d	1	1.07mi
191 Turk Rd SW Palm Bay, FL	4.0	2.0	1604	$2,485	$1.55	24d	1	1.10mi
263 Trilby Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.16mi
874 Altona St NW Palm Bay, FL	3.0	2.0	1488	$1,955	$1.31	24d	1	1.16mi
1767 Delaware St NW Palm Bay, FL	3.0	2.0	2121	$2,250	$1.06	24d	1	1.19mi
591 Darien Ave SW Palm Bay, FL	4.0	2.0	2076	$2,750	$1.32	24d	1	1.22mi
436 Wimpole Ln SW Palm Bay, FL	4.0	2.0	1806	$2,300	$1.27	24d	1	1.32mi
609 Concha St NW Palm Bay, FL	4.0	2.0	1918	$2,200	$1.15	24d	1	1.34mi
Town Rd SW Palm Bay, FL	3.0	2.0	1600	$1,995	$1.25	24d	1	1.38mi
1019 Early Dr NW Palm Bay, FL	4.0	2.0	2088	$2,000	$0.96	15d	1	1.41mi
673 Bremerhaven St NW Palm Bay, FL	4.0	2.0	1828	$2,400	$1.31	15d	1	1.42mi
1021 Locust Ave NW Palm Bay, FL	4.0	2.0	1724	$2,046	$1.19	15d	1	1.42mi
1215 Hastings Rd SW Palm Bay, FL	3.0	2.0	1294	$1,775	$1.37	20d	1	1.48mi

Listing history 12 events

1. 2026-03-26
   status Pending
2. 2026-03-06
   price $303,900
3. 2026-02-18
   listed $316,900 Active
4. 2026-01-14
   soldstatus $40,000 Closed 443-char remark

   Show marketing remark (443 chars)

   Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

5. 2026-01-13
   soldstatus $121,900
6. 2025-12-04
   status Pending 443-char remark

   Show marketing remark (443 chars)

   Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

7. 2025-11-07
   status Active 443-char remark

   Show marketing remark (443 chars)

   Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

8. 2025-11-06
   status Pending 443-char remark

   Show marketing remark (443 chars)

   Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

9. 2025-11-06
   listed $40,000 Active 443-char remark

   Show marketing remark (443 chars)

   Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

10. 2025-11-06
    soldstatus $30,000

    Show marketing remark (443 chars)

    Situated in the heart of Port Malabar, this residential lot measures 80 by 125 feet and is located outside the flood zone, with no wetlands or endangered species. Shovel-ready and primed for immediate development, this property is ideally positioned to benefit from Palm Bay's rapid growth, one of the fastest-developing cities in Florida. Perfect for families planning to build their dream home or investors seeking a high-potential property.

11. 1982-12-01
    soldstatus $6,000
12. 1976-05-01
    soldstatus $24,000

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 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: $28,143
• − Mortgage interest: −$17,023
• − Property taxes: −$4,558
• − Insurance: −$1,520
• − Repairs & maintenance: −$2,251
• − Management: −$2,251
• − Depreciation: −$8,841
• Taxable loss: −$8,302
• Est. tax savings @ 24.0%: +$1,992
• After-tax cash flow: $-977/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% 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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+1166.2% since first listed

12 events — show timeline

• 2026-03-26 Pending — SCMLS
• 2026-03-06 Price Changed $303,900 SCMLS
• 2026-02-18 Listed $316,900 SCMLS
• 2026-01-14 Sold (MLS) $40,000 SCMLS
• 2026-01-13 Sold (Public Records) $121,900 Public Records
• 2025-12-04 Pending — SCMLS
• 2025-11-07 Relisted — SCMLS
• 2025-11-06 Pending — SCMLS
• 2025-11-06 Sold (Public Records) $30,000 Public Records
• 2025-11-06 Listed $40,000 SCMLS
• 1982-12-01 Sold (Public Records) $6,000 Public Records
• 1976-05-01 Sold (Public Records) $24,000 Public Records

Property tax history

+11.9%/yr

Latest (2025): $327 · -4.0% YoY. Source: county tax records.