325 San Filippo Dr SE · Palm Bay, FL 32909

$214,900

2 bd · 2.0 ba · 936 sqft · SingleFamily public records · 82 Days on market

Built 1986 10,454 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 +14.8/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.5/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Check out this charming gem in a great location with no neighbors currently on any side! Upgrades include granite counter tops in the kitchen with stainless appliances. All impact glass windows and doors! Tiled floors in the kitchen and living areas for low maintenance. Grill on the back patio while your guests enjoy activities in the large private backyard. A nice home at a reasonable price! Great for a small family or an investment property. Owner would like to be able to stay until their new home is finished so possible leaseback or delayed closing.

Key facts

• Large backyard
• City water
• Tile flooring

Tags

• IMPACT WINDOWS
• CITY WATER
• TILE FLOORING
• GRANITE COUNTERTOPS
• LARGE BACKYARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Living area: 936; Lot size: 0.24 acres; Current use: Single family
• Financial info: $1,290.67 annual tax (2025)

Exterior

• Parking: Garage (1 car)
• Utilities: Septic tank; Water connected
• Home design: Single family residence
• Construction: Frame and stucco construction
• Exterior features: Property faces west; Few trees on the lot

Interior

• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Carpet and tile flooring
• Laundry & utility: Unfurnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $59 ($702/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 $175k (18.6% below list).
• Recommended offer: $175k (18.6% 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: Columbia Elementary School (math 52% / reading 47%, grade D, #1,088 of 2,144 statewide, top 53%, 506 students, 68% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 55% district-wide (-16 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); 1111 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).

Forward outlook

• In year one you build about $23k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $60k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 14y 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 $140k; list at $215k implies a 54% 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 $175,008 (18.6% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.81% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.17%
• DSCR: 1.05
• GRM: 10.2

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: 25.3%
• Equity multiple: 3.03×
• Total profit: $121,882
• Equity at exit: $193,599

10-year hold

• IRR: 22.4%
• Equity multiple: 6.95×
• Total profit: $358,324
• Equity at exit: $417,503

Cash invested: $60,172 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,750 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$108 /mo · $1,291/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $59

Break-even live

Break-even rent $1,676

Max offer price $214,900

Occupancy floor 92%

Sensitivity live

Price	-10% $180	-5% $119	+0% $59	+5% $-2	+10% $-63
Rent	-10% $-80	-5% $-11	+0% $59	+5% $128	+10% $197
Rate	-1.0pp $167	-0.5pp $113	base $59	+0.5pp $3	+1.0pp $-54

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$1,888	$1.90	14d	8	0.52mi
1630 Agnes Ave SE Palm Bay, FL	3.0	2.0	924	$1,749	$1.89	19d	1	0.66mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$1,702	$1.62	14d	30	0.95mi
800 Starland St SE Palm Bay, FL	2.0	1.0	904	$1,650	$1.83	24d	1	0.99mi
1490 Van Buren Ave SE Palm Bay, FL	2.0	1.0	900	$1,600	$1.78	24d	1	1.03mi
1430 Valerius St SE Palm Bay, FL	2.0	1.0	904	$1,750	$1.94	24d	1	1.23mi
499 Thor Ave SE #3 Palm Bay, FL	2.0	1.0	850	$1,275	$1.50	24d	1	1.27mi
484 Mercury Ave SE Palm Bay, FL	2.0	1.0	1000	$1,542	$1.54	19d	4	1.35mi
440 Mercury Ave SE Apt E Palm Bay, FL	2.0	1.0	900	$1,250	$1.39	21d	1	1.41mi

Listing history 33 events

1. 2026-06-18
   days on market $214,900 Active 82 DOM
2. 2026-06-17
   days on market $214,900 Active 81 DOM
3. 2026-06-16
   days on market $214,900 Active 80 DOM
4. 2026-06-15
   days on market $214,900 Active 79 DOM
5. 2026-06-14
   days on market $214,900 Active 77 DOM
6. 2026-06-10
   pricedays on market $214,900 Active 74 DOM
7. 2026-06-08
   days on market $220,000 Active 72 DOM
8. 2026-06-07
   days on market $220,000 Active 71 DOM
9. 2026-06-05
   days on market $220,000 Active 68 DOM
10. 2026-06-03
    days on market $220,000 Active 67 DOM
11. 2026-06-02
    days on market $220,000 Active 66 DOM
12. 2026-06-01
    days on market $220,000 Active 65 DOM
13. 2026-05-31
    days on market $220,000 Active 64 DOM
14. 2026-05-31
    days on market $220,000 Active 63 DOM
15. 2026-05-15
    status Active
16. 2026-05-04
    status Pending
17. 2026-04-08
    status Active
18. 2026-04-02
    status Pending
19. 2026-03-13
    listed $220,000 Active
20. 2019-08-23
    soldstatus $139,850 558-char remark

    Show marketing remark (558 chars)

    Check out this charming gem in a great location with no neighbors currently on any side! Upgrades include granite counter tops in the kitchen with stainless appliances. All impact glass windows and doors! Tiled floors in the kitchen and living areas for low maintenance. Grill on the back patio while your guests enjoy activities in the large private backyard. A nice home at a reasonable price! Great for a small family or an investment property. Owner would like to be able to stay until their new home is finished so possible leaseback or delayed closing.

21. 2019-08-23
    soldstatus $139,900

    Show marketing remark (558 chars)

    Check out this charming gem in a great location with no neighbors currently on any side! Upgrades include granite counter tops in the kitchen with stainless appliances. All impact glass windows and doors! Tiled floors in the kitchen and living areas for low maintenance. Grill on the back patio while your guests enjoy activities in the large private backyard. A nice home at a reasonable price! Great for a small family or an investment property. Owner would like to be able to stay until their new home is finished so possible leaseback or delayed closing.

22. 2019-05-31
    listed $135,500 558-char remark

    Show marketing remark (558 chars)

    Check out this charming gem in a great location with no neighbors currently on any side! Upgrades include granite counter tops in the kitchen with stainless appliances. All impact glass windows and doors! Tiled floors in the kitchen and living areas for low maintenance. Grill on the back patio while your guests enjoy activities in the large private backyard. A nice home at a reasonable price! Great for a small family or an investment property. Owner would like to be able to stay until their new home is finished so possible leaseback or delayed closing.

23. 2016-08-16
    historical 267-char remark

    Show marketing remark (267 chars)

    Very Charming completely remolded Brand new Kitchen cabinets, granite counter tops, flooring, fresh paint inside and out. New stove, refrigerator, dishwasher, Microwave, water treatment system and A/C unit. Close to schools, shopping, golfing and easy access to I-95.

24. 2016-08-16
    historical

    Show marketing remark (267 chars)

    Very Charming completely remolded Brand new Kitchen cabinets, granite counter tops, flooring, fresh paint inside and out. New stove, refrigerator, dishwasher, Microwave, water treatment system and A/C unit. Close to schools, shopping, golfing and easy access to I-95.

25. 2014-01-14
    soldstatus $63,000
26. 2014-01-10
    soldstatus $63,000
27. 2013-12-03
    listed $63,000
28. 2012-12-03
    listed $775
29. 2012-10-06
    listed $54,900 267-char remark

    Show marketing remark (267 chars)

    Very Charming completely remolded Brand new Kitchen cabinets, granite counter tops, flooring, fresh paint inside and out. New stove, refrigerator, dishwasher, Microwave, water treatment system and A/C unit. Close to schools, shopping, golfing and easy access to I-95.

30. 2012-07-03
    soldstatus $30,500
31. 2012-05-22
    listed $32,000
32. 2000-03-02
    soldstatus $36,000
33. 1987-02-01
    soldstatus $75,000

ⓘ 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: $1,291 · $108/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$493/yr (+$41/mo · 38.2%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 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: $21,001
• − Mortgage interest: −$12,038
• − Property taxes: −$1,291
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$6,252
• Taxable loss: −$3,014
• Est. tax savings @ 24.0%: +$723
• After-tax cash flow: $1,425/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

+193.3% since first listed

19 events — show timeline

• 2026-05-15 Relisted — SCMLS
• 2026-05-04 Pending — SCMLS
• 2026-04-08 Relisted — SCMLS
• 2026-04-02 Pending — SCMLS
• 2026-03-13 Listed $220,000 SCMLS
• 2019-08-23 Sold (Public Records) $139,900 Public Records
• 2019-08-23 Sold (MLS) $139,850 SCMLS
• 2019-05-31 Listed $135,500 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2014-01-14 Sold (Public Records) $63,000 Public Records
• 2014-01-10 Sold (MLS) $63,000 SCMLS
• 2013-12-03 Listed $63,000 SCMLS
• 2012-12-03 Listed $775 SCMLS
• 2012-10-06 Listed $54,900 SCMLS
• 2012-07-03 Sold (MLS) $30,500 SCMLS
• 2012-05-22 Listed $32,000 SCMLS
• 2000-03-02 Sold (Public Records) $36,000 Public Records
• 1987-02-01 Sold (Public Records) $75,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,291 · +3.2% YoY. Source: county tax records.