1465 Saturn St · Merritt Island, FL 32953

$324,900

4 bd · 2.0 ba · 1,702 sqft · SingleFamily public records · 282 Days on market

Built 1967 7,841 sqft lot

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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 +19.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +4.7/10.0
• Schools +4.7/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bathhouses. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

Key facts

• Minutes from beaches
• Spacious layout
• Minutes from dining

Tags

• FULLY FENCED BACKYARD
• SPACIOUS LAYOUT
• MINUTES FROM SHOPPING
• MINUTES FROM DINING
• MINUTES FROM BEACHES
• MINUTES FROM MAJOR ROADWAYS

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Cable available; Electricity available; Water available; Sewer available (system listed as Unknown); Has heating and cooling
• Home design: Single-family residence; East-facing
• Construction: Block construction; Building area approximately 2,251 (total); living area approximately 1,702; Year built not provided
• Exterior features: Private in-ground pool; Few trees on the lot

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other appliances (details not specified)
• Laundry & utility: Unfurnished (no built-in laundry details provided)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $281 ($3k/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 $316k (2.6% below list).
• Recommended offer: $286k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#441 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, commute 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: Mila Elementary School (math 37% / reading 46%, grade F, #1,437 of 2,144 statewide, top 68%, 433 students, 70% FRL); Thomas Jefferson Middle School (math 63% / reading 55%, grade B, #144 of 571 statewide, top 26%, 608 students, 43% FRL); Merritt Island High School (math 32% / reading 55%, grade F, #248 of 667 statewide, top 38%, 1,546 students, 35% FRL).
• Market conditions: Rents rising (+2.1%/yr); 219 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 43% of the median local income ($87k/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 $10k 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 282 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago; this cycle's ask has dropped $82k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $285,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 282 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 0.97% ✗
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.12% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.59×
• Total profit: $-37,478
• Equity at exit: $48,444

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-20,634
• Equity at exit: $28,091

Cash invested: $90,972 (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 32953

• Home prices YoY: -34.5%
• Rents YoY: 2.1%
• Active inventory: 219
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,163 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$312 /mo · $3,743/yr
• Insurance: −$135
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$664
• Net cashflow: $281

Break-even live

Break-even rent $2,807

Max offer price $324,900

Occupancy floor 86%

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1525 Polaris St Merritt Island, FL	3.0	2.0	1462	$2,400	$1.64	14d	1	0.18mi
215 Artemis Blvd Merritt Island, FL	4.0	2.0	2120	$4,700	$2.22	23d	1	0.26mi
10 Bogart Pl Merritt Island, FL	3.0	2.5	1376	$2,350	$1.71	23d	1	0.31mi
1795 Dogwood Dr Merritt Island, FL	3.0	2.0	1762	$3,500	$1.99	14d	1	0.51mi
295 Spruce Ave Unit 1526854P Merritt Island, FL	3.0	2.0	1506	$4,370	$2.90	18d	1	0.68mi
295 Spruce Ave Merritt Island, FL	3.0	2.0	1514	$3,500	$2.31	23d	1	0.68mi
165 Tiki Dr Merritt Island, FL	3.0	2.0	1795	$2,875	$1.60	23d	1	0.69mi
800 1st St Merritt Island, FL	3.0	2.0	1529	$2,800	$1.83	23d	1	0.86mi
2109 Hidden Grove Ln Unit 22B Merritt Island, FL	3.0	2.0	1948	$1,900	$0.98	23d	1	0.97mi
215 Richland Ave Unit 1044313P Merritt Island, FL	3.0	2.0	1184	$4,648	$3.93	14d	1	1.00mi
145 Needle Blvd Merritt Island, FL	4.0	2.0	1314	$3,250	$2.47	23d	1	1.22mi
390 Needle Blvd Merritt Island, FL	4.0	2.0	1828	$3,450	$1.89	23d	1	1.29mi

Listing history 25 events

1. 2026-05-14
   status Pending
2. 2026-02-11
   status Active
3. 2026-02-07
   historical
4. 2025-10-10
   status Active
5. 2025-10-09
   price $324,900
6. 2025-09-10
   historical
7. 2025-07-02
   listed $407,000 Active
8. 2020-04-06
   soldstatus $314,900
9. 2020-03-31
   soldstatus $314,900 Sold 738-char remark

   Show marketing remark (738 chars)

   Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bath house. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

10. 2020-03-31
    soldstatus $314,900 Closed 738-char remark

    Show marketing remark (738 chars)

    Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bath house. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

11. 2020-03-20
    status Pending 738-char remark

    Show marketing remark (738 chars)

    Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bathhouses. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

12. 2020-03-01
    historical Backups 738-char remark

    Show marketing remark (738 chars)

    Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bath house. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

13. 2019-12-19
    listed $314,900 Active 738-char remark

    Show marketing remark (738 chars)

    Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bathhouses. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

14. 2019-12-18
    listed $314,900 Active 738-char remark

    Show marketing remark (738 chars)

    Few things in life are as beautiful as a house to call home. With coastal wood-look flooring and fresh paint in soothing colors throughout, life gets sweeter around every corner of this four bed, two bath house. A custom, hand-distressed door welcomes your arrival and beckons you into the functional interior space featuring flexible dining and living areas. Stainless steel appliances accent the lovely kitchen, readying the space for cooking and entertaining, and attractive updates in the bedroom and bathrooms allow you to move right in and settle down. Brand new PVC plumbing gives added peace of mind, and the screened, newly-resurfaced pool promises hours of outdoor fun as well. This is the one—the house you can call home.

15. 2014-10-03
    soldstatus $199,900
16. 2014-09-30
    soldstatus $199,900
17. 2014-09-30
    soldstatus $199,900
18. 2014-08-18
    listed $199,900
19. 2014-08-18
    listed $199,900
20. 2014-05-23
    soldstatus $110,000
21. 2014-01-29
    listed $124,900
22. 2002-09-20
    soldstatus $147,500
23. 1985-12-01
    soldstatus $82,000
24. 1984-12-01
    soldstatus $80,500
25. 1976-09-01
    soldstatus $42,500

ⓘ 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: $3,743 · $312/mo
• Projected year-2 tax: $3,743 · $312/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 9/10 Extreme FEMA zone X (unshaded) · 99% 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: $37,958
• − Mortgage interest: −$18,199
• − Property taxes: −$3,743
• − Insurance: −$2,422
• − Repairs & maintenance: −$3,037
• − Management: −$3,037
• − Depreciation: −$9,452
• Taxable loss: −$1,932
• Est. tax savings @ 24.0%: +$464
• After-tax cash flow: $3,839/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 — Merritt Island

• Score: 70/100
• State rank: #441
• US rank: #7878

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Merritt Island, FL
• County: Brevard County · 602,871 people
• City population: 46,372
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 24,759
• Household income: $87,262
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 849.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 13% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China, Jamaica
• Languages at home: 87% English-only · Spanish 8% Tagalog/Filipino 2% French/Haitian/Cajun 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: ▼ -168.76%
• Current HPI: 320.1966
• Rent YoY: ▲ 2.12%
• 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

+664.5% since first listed

25 events — show timeline

• 2026-05-14 Pending — SCMLS
• 2026-02-11 Relisted — SCMLS
• 2026-02-07 Listing Removed — SCMLS
• 2025-10-10 Relisted — SCMLS
• 2025-10-09 Price Changed $324,900 SCMLS
• 2025-09-10 Listing Removed — SCMLS
• 2025-07-02 Listed $407,000 SCMLS
• 2020-04-06 Sold (Public Records) $314,900 Public Records
• 2020-03-31 Sold (MLS) $314,900 SCMLS
• 2020-03-31 Sold (MLS) $314,900 Stellar MLS as Distributed by MLS Grid
• 2020-03-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-03-01 Contingent — SCMLS
• 2019-12-19 Listed $314,900 Stellar MLS as Distributed by MLS Grid
• 2019-12-18 Listed $314,900 SCMLS
• 2014-10-03 Sold (Public Records) $199,900 Public Records
• 2014-09-30 Sold (MLS) $199,900 Stellar MLS as Distributed by MLS Grid
• 2014-09-30 Sold (MLS) $199,900 SCMLS
• 2014-08-18 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2014-08-18 Listed $199,900 SCMLS
• 2014-05-23 Sold (MLS) $110,000 SCMLS
• 2014-01-29 Listed $124,900 SCMLS
• 2002-09-20 Sold (Public Records) $147,500 Public Records
• 1985-12-01 Sold (Public Records) $82,000 Public Records
• 1984-12-01 Sold (Public Records) $80,500 Public Records
• 1976-09-01 Sold (Public Records) $42,500 Public Records

Property tax history

+4.6%/yr

Latest (2025): $3,743 · +6.5% YoY. Source: county tax records.