120 Cascade Ave SE · Palm Bay, FL 32909

$275,000

3 bd · 2.0 ba · 1,442 sqft · SingleFamily public records · 138 Days on market

Built 1979 10,018 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).

• Cash flow +10.8/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• DSCR +3.1/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

* * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

Key facts

• Spacious backyard
• Renovated kitchen
• Convenient location

Tags

• RENOVATED KITCHEN
• SPACIOUS BACKYARD
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-125 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $253k (8.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (25.4% below list).
• Recommended offer: $205k (25.4% 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: John F. Turner Senior Elementary School (math 38% / reading 43%, grade F, #1,471 of 2,144 statewide, top 69%, 543 students, 69% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% 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; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 31% 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 $29k of equity ($2k loan paydown + $28k 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 ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $24k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $205,257 (25.4% 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 138 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.75% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.95%
• DSCR: 0.91
• GRM: 11.2

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: 23.1%
• Equity multiple: 2.86×
• Total profit: $143,144
• Equity at exit: $247,742

10-year hold

• IRR: 20.7%
• Equity multiple: 6.59×
• Total profit: $430,571
• Equity at exit: $534,265

Cash invested: $77,000 (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: 11.2×

Monthly cashflow live

• Estimated rent: $2,053 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$190 /mo · $2,277/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $-125

Break-even live

Break-even rent $2,211

Max offer price $252,928

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	23d	1	0.16mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	0.43mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	23d	1	0.43mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	23d	1	0.67mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	0.72mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	23d	1	0.77mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	23d	1	0.85mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	23d	1	0.86mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	23d	1	0.88mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	23d	1	0.98mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	14d	1	1.01mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	23d	1	1.04mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	14d	30	1.04mi
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	14d	1	1.04mi
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	23d	1	1.06mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	23d	1	1.06mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	19d	1	1.12mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	23d	1	1.16mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	14d	1	1.23mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	14d	1	1.27mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	14d	8	1.36mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	14d	1	1.42mi
800 Starland St SE Palm Bay, FL	2.0	1.0	904	$1,650	$1.83	23d	1	1.43mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	23d	1	1.49mi

Listing history 23 events

1. 2025-11-26
   soldstatus $263,000
2. 2025-11-21
   soldstatus $263,000 Closed 767-char remark

   Show marketing remark (767 chars)

   * * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

3. 2025-11-04
   status Pending
4. 2025-10-20
   status Pending 767-char remark

   Show marketing remark (767 chars)

   * * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

5. 2025-09-15
   price $275,000
6. 2025-08-04
   price $275,000 767-char remark

   Show marketing remark (767 chars)

   * * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

7. 2025-07-16
   price $285,000 767-char remark

   Show marketing remark (767 chars)

   * * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

8. 2025-06-19
   listed $299,000 Active
9. 2025-06-18
   listed $299,000 Active 767-char remark

   Show marketing remark (767 chars)

   * * * BRAND NEW ROOF!! * * * This beautiful 4 bed, 3 bath home has been recently updated and is move-in ready! With new carpet in the bedrooms, newer floors and a renovated kitchen and bathrooms, there is no work required to make this your dream home or next investment property. The open floor plan allows ample room for relaxing or entertaining family and friends, while the spacious backyard provides unlimited opportunities to make the space your own. Additionally, this home also features a one car garage and is in a very convenient location just minutes from Interstate 95 and all of your shopping, dining, and entertainment needs while still being less than 10 miles from the coast to soak up the Florida sun at the beach. Come check out this home today!

10. 2020-12-16
    soldstatus $220,000
11. 2020-12-15
    soldstatus $220,000 Closed 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

12. 2020-10-06
    historical Backups 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

13. 2020-08-13
    price $229,000 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

14. 2020-08-13
    status Active 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

15. 2020-07-02
    historical Backups 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

16. 2019-08-02
    listed $219,000 Active 329-char remark

    Show marketing remark (329 chars)

    Available NOW! Deal fell through for Financing! Completely renovated 4 bed/ 3 bath/1 car garage home located in Palm Bay! Two Master suites or game room, New Air inside and out, new windows, plumbing, Vinyl flooring, recessed lighting, appliances, New kitchen cabinets w/ island, and vanities all with granite! Come see today!

17. 2018-08-02
    soldstatus $87,500
18. 2018-07-31
    soldstatus $87,500
19. 2018-04-08
    listed $119,999
20. 1996-09-12
    soldstatus $58,500
21. 1990-08-01
    soldstatus $45,000
22. 1984-08-01
    soldstatus $45,000
23. 1979-12-01
    soldstatus $46,500

ⓘ 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: $2,277 · $190/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$5/yr ($0/mo · 0.2%)

ⓘ 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 2/10 Low
• 🌡 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: $24,631
• − Mortgage interest: −$15,404
• − Property taxes: −$2,277
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,970
• − Management: −$1,970
• − Depreciation: −$8,000
• Taxable loss: −$6,366
• Est. tax savings @ 24.0%: +$1,528
• After-tax cash flow: $29/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

+465.6% since first listed

23 events — show timeline

• 2025-11-26 Sold (Public Records) $263,000 Public Records
• 2025-11-21 Sold (MLS) $263,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-04 Pending — SCMLS
• 2025-10-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-09-15 Price Changed $275,000 SCMLS
• 2025-08-04 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-16 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-19 Listed $299,000 SCMLS
• 2025-06-18 Listed $299,000 Stellar MLS as Distributed by MLS Grid
• 2020-12-16 Sold (Public Records) $220,000 Public Records
• 2020-12-15 Sold (MLS) $220,000 SCMLS
• 2020-10-06 Contingent — SCMLS
• 2020-08-13 Price Changed $229,000 SCMLS
• 2020-08-13 Relisted — SCMLS
• 2020-07-02 Contingent — SCMLS
• 2019-08-02 Listed $219,000 SCMLS
• 2018-08-02 Sold (Public Records) $87,500 Public Records
• 2018-07-31 Sold (MLS) $87,500 SCMLS
• 2018-04-08 Listed $119,999 SCMLS
• 1996-09-12 Sold (Public Records) $58,500 Public Records
• 1990-08-01 Sold (Public Records) $45,000 Public Records
• 1984-08-01 Sold (Public Records) $45,000 Public Records
• 1979-12-01 Sold (Public Records) $46,500 Public Records

Property tax history

+15.2%/yr

Latest (2025): $2,277 · +2.7% YoY. Source: county tax records.