3506 Sable Palm Ln Unit E · Titusville, FL 32780

$110,000

2 bd · 1.0 ba · 785 sqft · Condo · 137 Days on market

Built 1986 $326/mo HOA · 22% of rent ↓ 15% since listing

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Why this score? — see what drove the C- 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 +16.4/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Nicely Updated Condo with New Flooring, Newer Appliances, Updated 2025 Electric Panel, Paint, outlets/switches, USB charging outlets in bedroom, Livingroom, and kitchen, and more. 2nd Floor condo has treehouse view from screen porch, that has storage closet. Short walk to amenities of pool, tennis court, exercise/workout room, picnic tables and grilling stations, Close to Shopping, New Mall, Theatre, Banking, Indian River and Ocean minutes away, Orlando is about 35min away. .. .Close to everything. Launch From Here

Key facts

• New flooring
• Newer appliances
• Storage closet

Tags

• NEW FLOORING
• NEWER APPLIANCES
• UPDATED ELECTRIC PANEL
• USB CHARGING OUTLETS
• SCREEN PORCH
• STORAGE CLOSET

Property features AI

Finance

• Financial info: Property marketed for both residential use and investment
• HOA & community: Association: Villas At LaCita Condo; Monthly association fee ($317) plus an annual fee ($112); Association amenities: Clubhouse, Fitness center, Laundry, Tennis court(s), Shuffleboard court, Barbecue, Maintenance (grounds & structure), Trash; Association fee includes insurance, grounds and structure maintenance, and trash

Exterior

• Parking: Assigned parking; Additional parking available; Guest parking; Off-street parking; Parking lot; Shared driveway
• Security: Smoke detector(s)
• Utilities: Public sewer; Cable available and connected; Electricity connected; Sewer connected; Water connected; Natural gas not available
• Home design: Condominium, attached; One story; Entry level: 2; Faces west; Current use: Residential / Investment
• Construction: Frame and stucco construction; Shingle roof
• Exterior features: Balcony; Front porch (screened)

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fan(s); Primary bathroom with tub and shower; Wood-burning fireplace (1)
• Laundry & utility: In-unit laundry with washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $62 ($740/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#42 in FL, #668 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D, employment 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: Coquina Elementary School (math 38% / reading 45%, grade F, #1,437 of 2,144 statewide, top 68%, 557 students, 75% FRL); Andrew Jackson Middle School (math 52% / reading 47%, grade C, #259 of 571 statewide, top 46%, 551 students, 58% FRL); Titusville High School (math 33% / reading 52%, grade F, #264 of 667 statewide, top 41%, 1,314 students, 55% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 462 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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 137 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• 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 $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.32% ✓
• Cap rate: 6.97%
• Cash-on-cash: 2.40%
• DSCR: 1.11
• GRM: 6.3

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: -15.0%
• Equity multiple: 0.48×
• Total profit: $-16,133
• Equity at exit: $16,401

10-year hold

• IRR: -10.6%
• Equity multiple: 0.42×
• Total profit: $-17,834
• Equity at exit: $9,511

Cash invested: $30,800 (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 32780

• Rents YoY: 1.3%
• Active inventory: 462
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$326
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $62

Break-even live

Break-even rent $1,375

Max offer price $110,000

Occupancy floor 91%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3550 Sable Palm Ln Unit L Titusville, FL	1.0	1.0	695	$1,150	$1.65	23d	1	0.09mi
3555 Sable Palm Ln Unit F Titusville, FL	2.0	2.0	864	$1,350	$1.56	23d	1	0.11mi
3555 Sable Palm Ln Unit 7K Titusville, FL	2.0	2.0	864	$1,300	$1.50	23d	1	0.11mi
3570 Sable Palm Ln Titusville, FL	1.0–2.0	1.0–2.0	779	$1,350	$1.73	21d	3	0.14mi
3590 Sable Palm Ln Unit G Titusville, FL	1.0	1.0	695	$1,125	$1.62	23d	1	0.20mi
3021 Sir Hamilton Cir Titusville, FL	2.0	2.0	1040	$1,275	$1.23	23d	1	0.34mi
3035 Sir Hamilton Cir Titusville, FL	2.0	2.0	960	$1,400	$1.46	14d	1	0.34mi
3039 Sir Hamilton Cir #8 Titusville, FL	2.0	2.0	960	$1,500	$1.56	23d	1	0.34mi
3119 Sir Hamilton Cir Titusville, FL	2.0	1.0	960	$1,250	$1.30	14d	1	0.35mi
102 Court St Titusville, FL	1.0–2.0	1.0	721	$1,550	$2.15	23d	6	0.38mi
3147 Sir Hamilton Cir #10 Titusville, FL	2.0	1.0	960	$1,400	$1.46	23d	1	0.42mi
2999 Sir Hamilton Cir #9 Titusville, FL	2.0	1.0	960	$1,250	$1.30	23d	1	0.42mi
3142 Sir Hamilton Cir Titusville, FL	1.0	1.0	736	$1,250	$1.70	23d	1	0.43mi
1039 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	0.43mi
1041 Country Club Dr #426 Titusville, FL	2.0	2.0	1020	$1,800	$1.76	23d	1	0.43mi
1041 Country Club Dr Titusville, FL	2.0	2.0	1020	$1,900	$1.86	23d	1	0.43mi
3805 S Hopkins Ave Titusville, FL	1.0–2.0	1.0	720	$1,790	$2.49	13d	7	0.47mi
1099 Country Club Dr #811 Titusville, FL	2.0	2.0	940	$1,800	$1.91	23d	1	0.49mi
1209 Country Club Dr Titusville, FL	2.0	2.0	935	$1,700	$1.82	23d	1	0.60mi
1237 Country Club Dr Titusville, FL	2.0	2.0	970	$1,600	$1.65	23d	1	0.60mi
2825 S Washington Ave Titusville, FL	2.0	1.0	613	$2,050	$3.34	13d	31	0.61mi
2825 S Washington Ave Titusville, FL	2.0	1.0	613	$2,050	$3.34	14d	31	0.61mi
4050 Mount Sterling Ave Titusville, FL	3.0	1.0	960	$1,700	$1.77	14d	1	0.67mi
190 E Olmstead Dr Titusville, FL	2.0–3.0	1.0–2.0	1091	$1,350	$1.24	23d	5	0.75mi
4124 Mount Vernon Ave Titusville, FL	2.0	1.0	901	$1,200	$1.33	13d	1	0.78mi
4171 David Dr Titusville, FL	2.0	1.0	900	$1,075	$1.19	23d	1	0.79mi
2467 S Washington Ave Unit 210 B Titusville, FL	2.0	2.0	830	$1,800	$2.17	23d	1	0.80mi
190 E Olmstead Dr Unit M1 Titusville, FL	2.0	2.0	1023	$1,800	$1.76	23d	1	0.80mi
2465 S Washington Ave #108 Titusville, FL	2.0	2.0	830	$1,800	$2.17	23d	1	0.81mi
2465 S Washington Ave Unit A202 Titusville, FL	2.0	2.0	830	$1,900	$2.29	13d	1	0.81mi
3645 Barna Ave Titusville, FL	1.0–2.0	1.0	895	$1,350	$1.51	23d	4	0.82mi
3072 Finsterwald Dr Titusville, FL	1.0	1.0	750	$1,775	$2.37	23d	1	1.07mi
1735 Harrison St #231 Titusville, FL	2.0	2.0	915	$1,700	$1.86	18d	1	1.14mi
1710 S Washington Ave #16 Titusville, FL	2.0	1.0	710	$1,100	$1.55	23d	1	1.27mi
1710 S Washington Ave Unit 1 Titusville, FL	2.0	1.0	710	$1,250	$1.76	23d	1	1.27mi
2170 Knox Mc Rae Dr #5 Titusville, FL	2.0	2.0	831	$1,100	$1.32	21d	1	1.30mi
2170 Knox Mc Rae Dr #39 Titusville, FL	1.0	1.0	550	$1,000	$1.82	14d	1	1.30mi
2170 Knox Mc Rae Dr #38 Titusville, FL	1.0	1.0	550	$1,050	$1.91	23d	1	1.30mi
2205 Knox McRae Dr Unit 14 Titusville, FL	2.0	2.0	840	$1,125	$1.34	23d	1	1.35mi
2190 Knox McRae Dr Unit D Titusville, FL	2.0	1.0	820	$1,100	$1.34	18d	1	1.35mi

HOA detail condo

• Monthly dues: $326 · $3,912/yr
• Likely covers: electricpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 11 events

1. 2026-06-07
   statusdays on market $110,000 Pending 137 DOM
2. 2026-06-05
   days on market $110,000 Active Under Contract 135 DOM
3. 2026-06-03
   days on market $110,000 Active Under Contract 134 DOM
4. 2026-06-02
   days on market $110,000 Active Under Contract 133 DOM
5. 2026-06-01
   statusdays on market $110,000 Active Under Contract 132 DOM
6. 2026-05-31
   days on market $110,000 Active 131 DOM
7. 2026-05-31
   days on market $110,000 Active 130 DOM
8. 2026-05-01
   price $110,000
9. 2026-03-12
   price $124,900
10. 2026-03-01
    price $126,900
11. 2026-01-20
    listed $129,000 Active

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $17,436
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − HOA: −$3,912
• − Depreciation: −$3,200
• Taxable loss: −$828
• Est. tax savings @ 24.0%: +$199
• After-tax cash flow: $939/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 — Titusville

• Score: 84/100
• State rank: #42
• US rank: #668

Category grades

Amenities B- Commute A+ Cost of living A+ Crime D Employment D Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Titusville, FL
• County: Brevard County · 602,871 people
• City population: 60,286
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 40,064
• Household income: $67,690
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1141.0

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 (70%)
• Race & ethnicity: White 70% Black 13% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% German/W. Germanic 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: ▼ -162.54%
• Current HPI: 297.151
• 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

-14.7% since first listed

4 events — show timeline

• 2026-05-01 Price Changed $110,000 SCMLS
• 2026-03-12 Price Changed $124,900 SCMLS
• 2026-03-01 Price Changed $126,900 SCMLS
• 2026-01-20 Listed $129,000 SCMLS