547 Trymore Dr SE · Palm Bay, FL 32909

$365,000

4 bd · 2.5 ba · 2,761 sqft · SingleFamily public records · 58 Days on market

Built 2014 6,098 sqft lot $87/mo HOA · 4% of rent

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +7.0/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.2/10.0

Listing remarks MLS

BEAUTIFUL 4 BEDROOM 2 1/2 HOME. GENTLY USED - BUILT IN 2014. LOTS OF SPACE WITH OVER 2700 SQ. FT. 2 STORY. LOCATED IN THE BEAUTIFUL COMMUNITY OF WELLINGTON AT BAYSIDE LAKES. COMMUNITY POOL AND PLAYGROUND. THE HOME IS EQUIPPED WITH MULTIPLE ENHANCEMENTS AND HIGH - TECH ACCESSORIES (SMART LOCK, SMART GARAGE, SMART THERMOSTAT, SMART DOORBELL, SECURITY SYSTEM, HARD-WIRED AND CONNECTED SMOKE AND CARBON MONOXIDE DETECTORS, REMOTE CONTROLLED CEILING FANS, SMART IRRIGATION SYSTEM, AND MORE), OPEN BRIGHT FLOORPLAN WITH LARGE LIVING ROOM/DINING ROOM, AND SPACIOUS GREATROOM OFF THE KITCHEN. GRANITE COUNTERS WITH STAINLESS STEEL APPLIANCES. LARGE BREAKFAST BAR. CONVENIENT 1/2 BATHROOM DOWNSTAIRS. UPSTAIRS ARE ALL THE BEDROOMS WITH A SEPARATE LIVING / FLEX SPACE. VERY LARGE MASTER SUITE AND BATHROOM. BATHROOM.

Key facts

• Spacious great room
• Large breakfast bar
• Large living room

Tags

• LARGE LIVING ROOM
• SPACIOUS GREAT ROOM
• GRANITE COUNTERS
• STAINLESS STEEL APPLIANCES
• LARGE BREAKFAST BAR
• SEPARATE LIVING FLEX SPACE

Property features AI

Finance

• HOA & community: Community association membership; Monthly association fee of $87; Community amenities include maintained grounds, on-site or off-site management, park and playground

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Utilities: Public sewer; Electricity connected; Water available
• Home design: Single family residence; Two levels; South-facing
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Porch; Storm shutters; Front and rear sprinklers; Asphalt road access

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 3 bathrooms (2 full, 1 half)
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Pantry; Walk-in closets; Electric fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry on upper level

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $365k.

Deal economics

• At list price, monthly cash flow is $-528 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $272k (25.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (32.2% below list).
• Recommended offer: $247k (32.2% 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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• 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 rising (+3.7%/yr); 1123 active listings in the ZIP; 4 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 $39k of equity ($3k loan paydown + $36k 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 ~$63k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($354k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $20k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $264k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $247,473 (32.2% 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 58 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.68% ✗
• Cap rate: 4.56%
• Cash-on-cash: -6.20%
• DSCR: 0.72
• GRM: 12.3

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: 20.1%
• Equity multiple: 2.63×
• Total profit: $166,840
• Equity at exit: $328,821

10-year hold

• IRR: 18.5%
• Equity multiple: 6.10×
• Total profit: $521,301
• Equity at exit: $709,115

Cash invested: $102,200 (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: 1123
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $2,475 medium
• Mortgage (P&I): −$1,914
• Tax from tax record: −$330 /mo · $3,961/yr
• Insurance: −$152
• HOA: −$87
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $-528

Break-even live

Break-even rent $3,143

Max offer price $271,692

Occupancy floor —

Sensitivity live

Price	-10% $-322	-5% $-425	+0% $-528	+5% $-632	+10% $-735
Rent	-10% $-724	-5% $-626	+0% $-528	+5% $-430	+10% $-333
Rate	-1.0pp $-344	-0.5pp $-435	base $-528	+0.5pp $-623	+1.0pp $-719

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.40mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	0.51mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	0.64mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	21d	1	1.17mi

HOA detail

• Monthly dues: $87 · $1,044/yr
• Likely covers: poolsecurity

Listing history 26 events

1. 2026-06-22
   pricedays on market $365,000 Active 58 DOM
2. 2026-06-18
   days on market $375,000 Active 55 DOM
3. 2026-06-17
   days on market $375,000 Active 54 DOM
4. 2026-06-16
   days on market $375,000 Active 53 DOM
5. 2026-06-15
   days on market $375,000 Active 52 DOM
6. 2026-06-14
   days on market $375,000 Active 50 DOM
7. 2026-06-10
   days on market $375,000 Active 47 DOM
8. 2026-06-09
   price $375,000 Active 45 DOM
9. 2026-06-08
   days on market $385,000 Active 45 DOM
10. 2026-06-07
    days on market $385,000 Active 44 DOM
11. 2026-06-05
    days on market $385,000 Active 41 DOM
12. 2026-06-03
    days on market $385,000 Active 40 DOM
13. 2026-06-02
    days on market $385,000 Active 39 DOM
14. 2026-06-01
    days on market $385,000 Active 38 DOM
15. 2026-05-31
    days on market $385,000 Active 37 DOM
16. 2026-05-31
    days on market $385,000 Active 36 DOM
17. 2026-04-24
    listed $385,000 Active
18. 2019-07-25
    soldstatus $263,500
19. 2019-07-22
    soldstatus $263,500 809-char remark

    Show marketing remark (809 chars)

    BEAUTIFUL 4 BEDROOM 2 1/2 HOME. GENTLY USED - BUILT IN 2014. LOTS OF SPACE WITH OVER 2700 SQ. FT. 2 STORY. LOCATED IN THE BEAUTIFUL COMMUNITY OF WELLINGTON AT BAYSIDE LAKES. COMMUNITY POOL AND PLAYGROUND. THE HOME IS EQUIPPED WITH MULTIPLE ENHANCEMENTS AND HIGH - TECH ACCESSORIES (SMART LOCK, SMART GARAGE, SMART THERMOSTAT, SMART DOORBELL, SECURITY SYSTEM, HARD-WIRED AND CONNECTED SMOKE AND CARBON MONOXIDE DETECTORS, REMOTE CONTROLLED CEILING FANS, SMART IRRIGATION SYSTEM, AND MORE), OPEN BRIGHT FLOORPLAN WITH LARGE LIVING ROOM/DINING ROOM, AND SPACIOUS GREATROOM OFF THE KITCHEN. GRANITE COUNTERS WITH STAINLESS STEEL APPLIANCES. LARGE BREAKFAST BAR. CONVENIENT 1/2 BATHROOM DOWNSTAIRS. UPSTAIRS ARE ALL THE BEDROOMS WITH A SEPARATE LIVING / FLEX SPACE. VERY LARGE MASTER SUITE AND BATHROOM. BATHROOM.

20. 2019-05-22
    listed $269,900 809-char remark

    Show marketing remark (809 chars)

    BEAUTIFUL 4 BEDROOM 2 1/2 HOME. GENTLY USED - BUILT IN 2014. LOTS OF SPACE WITH OVER 2700 SQ. FT. 2 STORY. LOCATED IN THE BEAUTIFUL COMMUNITY OF WELLINGTON AT BAYSIDE LAKES. COMMUNITY POOL AND PLAYGROUND. THE HOME IS EQUIPPED WITH MULTIPLE ENHANCEMENTS AND HIGH - TECH ACCESSORIES (SMART LOCK, SMART GARAGE, SMART THERMOSTAT, SMART DOORBELL, SECURITY SYSTEM, HARD-WIRED AND CONNECTED SMOKE AND CARBON MONOXIDE DETECTORS, REMOTE CONTROLLED CEILING FANS, SMART IRRIGATION SYSTEM, AND MORE), OPEN BRIGHT FLOORPLAN WITH LARGE LIVING ROOM/DINING ROOM, AND SPACIOUS GREATROOM OFF THE KITCHEN. GRANITE COUNTERS WITH STAINLESS STEEL APPLIANCES. LARGE BREAKFAST BAR. CONVENIENT 1/2 BATHROOM DOWNSTAIRS. UPSTAIRS ARE ALL THE BEDROOMS WITH A SEPARATE LIVING / FLEX SPACE. VERY LARGE MASTER SUITE AND BATHROOM. BATHROOM.

21. 2019-05-03
    historical 409-char remark

    Show marketing remark (409 chars)

    Beautiful 4 bedroom 2.5 bathroom home in the highly desirable Wellington community at Bayside Lakes. This home though built only in 2014 is equipped with multiple enhancements and high-tech accessories (smart lock, smart garage, smart thermostat, smart doorbell, security system, hard-wired and connected smoke and carbon monoxide detectors, remote controlled ceiling fans, smart irrigation system, and more).

22. 2018-12-28
    listed $269,000 409-char remark

    Show marketing remark (409 chars)

    Beautiful 4 bedroom 2.5 bathroom home in the highly desirable Wellington community at Bayside Lakes. This home though built only in 2014 is equipped with multiple enhancements and high-tech accessories (smart lock, smart garage, smart thermostat, smart doorbell, security system, hard-wired and connected smoke and carbon monoxide detectors, remote controlled ceiling fans, smart irrigation system, and more).

23. 2018-05-08
    soldstatus $267,000
24. 2018-05-04
    soldstatus $267,000
25. 2018-03-30
    listed $269,900
26. 2011-07-01
    soldstatus $1,575,000

ⓘ 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: $3,961 · $330/mo
• Projected year-2 tax: $3,961 · $330/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $29,697
• − Mortgage interest: −$20,446
• − Property taxes: −$3,961
• − Insurance: −$1,825
• − Repairs & maintenance: −$2,376
• − Management: −$2,376
• − HOA: −$1,044
• − Depreciation: −$10,618
• Taxable loss: −$12,948
• Est. tax savings @ 24.0%: +$3,108
• After-tax cash flow: $-3,231/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

-75.6% since first listed

10 events — show timeline

• 2026-04-24 Listed $385,000 SCMLS
• 2019-07-25 Sold (Public Records) $263,500 Public Records
• 2019-07-22 Sold (MLS) $263,500 SCMLS
• 2019-05-22 Listed $269,900 SCMLS
• 2019-05-03 Listing Removed — SCMLS
• 2018-12-28 Listed $269,000 SCMLS
• 2018-05-08 Sold (Public Records) $267,000 Public Records
• 2018-05-04 Sold (MLS) $267,000 SCMLS
• 2018-03-30 Listed $269,900 SCMLS
• 2011-07-01 Sold (Public Records) $1,575,000 Public Records

Property tax history

+26.6%/yr

Latest (2025): $3,961 · +2.4% YoY. Source: county tax records.