913 Sanger St SE · Palm Bay, FL 32909

$369,900

3 bd · 2.0 ba · 1,675 sqft · SingleFamily public records · 210 Days on market

Built 2023 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 +5.3/30.0
• 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 +0.0/10.0

Listing remarks MLS

Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2023

Property features AI

Finance

• Other: Lot approximately 0.23 acres (80 x 125, asphalt road access)

Exterior

• Parking: Attached garage with 2 garage spaces
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; Residential property; Completed condition; One story; Faces east; New construction
• Construction: Block construction; Built-up roof; Slab foundation; Built in or around 2025 (new construction)
• Exterior features: Other

Interior

• Kitchen: Dishwasher; Disposal
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Kitchen/family room combo
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-814 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (38.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (42.0% below list).
• Recommended offer: $215k (42.0% 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; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 32% 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 $40k of equity ($3k loan paydown + $37k 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 ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($326k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y 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.
• Current owner paid $32k; list at $370k implies a 1074% 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 $214,505 (42.0% 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 210 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: 3.65%
• Cash-on-cash: -9.43%
• DSCR: 0.58
• GRM: 14.4

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: 17.8%
• Equity multiple: 2.46×
• Total profit: $151,077
• Equity at exit: $333,235

10-year hold

• IRR: 16.8%
• Equity multiple: 5.72×
• Total profit: $488,704
• Equity at exit: $718,634

Cash invested: $103,572 (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: 14.4×

Monthly cashflow live

• Estimated rent: $2,145 high
• Mortgage (P&I): −$1,940
• Tax from tax record: −$415 /mo · $4,975/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-814

Break-even live

Break-even rent $3,175

Max offer price $226,117

Occupancy floor —

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: $92,475
• Closing costs: $11,097
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	0.48mi
2036 Walsh Ave SE Palm Bay, FL	3.0	2.0	1331	$1,930	$1.45	23d	1	0.54mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	23d	1	0.64mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	14d	1	0.65mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	23d	1	0.71mi
2910 Emerson Dr SE Palm Bay, FL	3.0	2.0	1700	$1,950	$1.15	14d	1	0.91mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	23d	1	0.92mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	23d	1	0.97mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	19d	1	1.01mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	13d	1	1.07mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	14d	1	1.10mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	23d	1	1.21mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	13d	1	1.22mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	23d	1	1.22mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	23d	1	1.22mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	14d	1	1.24mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	23d	1	1.30mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	14d	1	1.30mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	1.32mi
1625 Waneta St SE Palm Bay, FL	3.0	2.0	1631	$2,100	$1.29	19d	1	1.36mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	14d	1	1.37mi
1674 Waltz St SE Palm Bay, FL	3.0	2.0	1262	$1,831	$1.45	13d	1	1.39mi
1290 Sail Ct SE Palm Bay, FL	3.0	2.0	1509	$1,945	$1.29	23d	1	1.39mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	1.44mi
1677 Lizette St SE Unit A Palm Bay, FL	3.0	2.0	2080	$1,900	$0.91	14d	1	1.45mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	23d	1	1.45mi
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	23d	1	1.47mi

Listing history 30 events

1. 2026-06-18
   days on market $369,900 Active 210 DOM
2. 2026-06-17
   days on market $369,900 Active 209 DOM
3. 2026-06-16
   days on market $369,900 Active 208 DOM
4. 2026-06-15
   days on market $369,900 Active 207 DOM
5. 2026-06-14
   days on market $369,900 Active 205 DOM
6. 2026-06-10
   days on market $369,900 Active 202 DOM
7. 2026-06-08
   days on market $369,900 Active 200 DOM
8. 2026-06-07
   days on market $369,900 Active 199 DOM
9. 2026-06-05
   days on market $369,900 Active 196 DOM
10. 2026-06-03
    days on market $369,900 Active 195 DOM
11. 2026-06-02
    days on market $369,900 Active 194 DOM
12. 2026-06-01
    days on market $369,900 Active 193 DOM
13. 2026-05-31
    days on market $369,900 Active 192 DOM
14. 2026-05-31
    days on market $369,900 Active 191 DOM
15. 2025-11-20
    listed $369,900 Active
16. 2025-02-20
    historical
17. 2024-03-25
    historical $2,500
18. 2024-03-18
    price $2,500
19. 2024-02-28
    listed $2,700
20. 2024-02-20
    listed $400,000 Active
21. 2022-08-22
    soldstatus $31,500
22. 2022-08-19
    soldstatus $31,500 Closed 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

23. 2022-06-28
    historical Contingent 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

24. 2022-06-20
    status Active 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

25. 2022-05-31
    historical Contingent 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

26. 2022-04-14
    status Active 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

27. 2022-04-09
    historical 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

28. 2021-10-10
    listed $32,500 Active 230-char remark

    Show marketing remark (230 chars)

    Nice lot near Majors Golf Club. Lots of new homes being built on this street, get your lot in this growing community! No HOA. Close to schools, shopping, restaurants etc, but still a piece of paradise to ''get away from it all!''

29. 2004-10-05
    soldstatus $22,500
30. 2004-08-02
    soldstatus $16,000

ⓘ 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: $4,975 · $415/mo
• Projected year-2 tax: $4,975 · $415/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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: $25,741
• − Mortgage interest: −$20,720
• − Property taxes: −$4,975
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,059
• − Management: −$2,059
• − Depreciation: −$10,761
• Taxable loss: −$16,683
• Est. tax savings @ 24.0%: +$4,004
• After-tax cash flow: $-5,763/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

+2211.9% since first listed

16 events — show timeline

• 2025-11-20 Listed $369,900 Stellar MLS as Distributed by MLS Grid
• 2025-02-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-25 Rental Removed $2,500 STELLARMLS
• 2024-03-18 Price Changed $2,500 STELLARMLS
• 2024-02-28 Listed for Rent $2,700 STELLARMLS
• 2024-02-20 Listed $400,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-22 Sold (Public Records) $31,500 Public Records
• 2022-08-19 Sold (MLS) $31,500 SCMLS
• 2022-06-28 Contingent — SCMLS
• 2022-06-20 Relisted — SCMLS
• 2022-05-31 Contingent — SCMLS
• 2022-04-14 Relisted — SCMLS
• 2022-04-09 Listing Removed — SCMLS
• 2021-10-10 Listed $32,500 SCMLS
• 2004-10-05 Sold (Public Records) $22,500 Public Records
• 2004-08-02 Sold (Public Records) $16,000 Public Records

Property tax history

+42.4%/yr

Latest (2025): $4,975 · +730.2% YoY. Source: county tax records.