2070 SE Waverly Ave SE · Palm Bay, FL 32909

$240,000

3 bd · 2.0 ba · 1,376 sqft · SingleFamily public records · 243 Days on market

Built 1985 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 +16.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +4.7/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 2070 Waverly Ave SE, a beautifully maintained home in the heart of Palm Bay! This inviting property offers comfort and style with thoughtful updates throughout. Step inside to find freshly updated toilets, new carpet in all bedrooms, and modern ceiling fans that enhance both function and design. The spacious layout provides room for relaxation and entertaining, while the quiet neighborhood offers the perfect backdrop for Florida living. Whether you're a first-time buyer, growing family, or looking to downsize, this home is move-in ready and waiting for you!

Key facts

• 0.24 acre lot
• 2 garage spots
• Built 1985

Property features AI

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Septic tank; Cable connected; Electricity connected; Sewer available; Water available
• Home design: Single-family residence; Home faces east
• Construction: Block, brick, and stucco construction; Shingle roof
• Exterior features: Patio; Smoke detectors

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Ice maker; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Hot water heating; Central air; Electric cooling
• Interior features: Breakfast bar; Breakfast nook; Ceiling fans; Eat-in kitchen; Entrance foyer; Pantry; Primary bath with tub and shower; Walk-in closet(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/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 $206k (14.0% below list).
• Recommended offer: $206k (14.0% 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: 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: Port Malabar Elementary School (math 48% / reading 58%, grade C, #963 of 2,144 statewide, top 45%, 640 students, 68% 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 schools average 59% FRL vs 43% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-13 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; 17 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).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k 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 $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 243 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $124k; list at $240k implies a 94% 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 $206,437 (14.0% below list)

Questions for the listing agent

1. It's been on market 243 days. Have you received any prior offers? Is the seller open to a 14% 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: 0.86% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 9.7

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: 26.0%
• Equity multiple: 3.08×
• Total profit: $139,697
• Equity at exit: $216,211

10-year hold

• IRR: 23.0%
• Equity multiple: 7.07×
• Total profit: $408,175
• Equity at exit: $466,267

Cash invested: $67,200 (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: 1111
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,064 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$152 /mo · $1,827/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $120

Break-even live

Break-even rent $1,912

Max offer price $240,000

Occupancy floor 89%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1625 Santos St SE Unit A Palm Bay, FL	2.0	1.0	900	$1,350	$1.50	19d	1	0.50mi
2036 Walsh Ave SE Palm Bay, FL	3.0	2.0	1331	$1,930	$1.45	23d	1	0.52mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	23d	1	0.60mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	14d	1	0.63mi
1674 Waltz St SE Palm Bay, FL	3.0	2.0	1262	$1,831	$1.45	14d	1	0.68mi
1625 Waneta St SE Palm Bay, FL	3.0	2.0	1631	$2,100	$1.29	19d	1	0.79mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	14d	1	0.80mi
1430 Valerius St SE Palm Bay, FL	2.0	1.0	904	$1,750	$1.94	23d	1	0.87mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	14d	1	1.01mi
1490 Van Buren Ave SE Palm Bay, FL	2.0	1.0	900	$1,600	$1.78	23d	1	1.08mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	14d	1	1.10mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	23d	1	1.16mi
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	23d	1	1.18mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	23d	1	1.22mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	1.30mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	23d	1	1.32mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	1.42mi

Listing history 19 events

1. 2026-04-15
   historical Active Under Contract
2. 2026-04-07
   price $240,000
3. 2026-03-25
   price $245,000
4. 2026-03-22
   price $250,000
5. 2026-03-03
   price $255,000
6. 2026-01-13
   price $260,000
7. 2025-10-04
   price $265,000
8. 2025-09-28
   listed $269,999 Active
9. 2025-09-13
   historical 575-char remark

   Show marketing remark (575 chars)

   Welcome to 2070 Waverly Ave SE, a beautifully maintained home in the heart of Palm Bay! This inviting property offers comfort and style with thoughtful updates throughout. Step inside to find freshly updated toilets, new carpet in all bedrooms, and modern ceiling fans that enhance both function and design. The spacious layout provides room for relaxation and entertaining, while the quiet neighborhood offers the perfect backdrop for Florida living. Whether you're a first-time buyer, growing family, or looking to downsize, this home is move-in ready and waiting for you!

10. 2025-09-08
    listed $280,000 Active 575-char remark

    Show marketing remark (575 chars)

    Welcome to 2070 Waverly Ave SE, a beautifully maintained home in the heart of Palm Bay! This inviting property offers comfort and style with thoughtful updates throughout. Step inside to find freshly updated toilets, new carpet in all bedrooms, and modern ceiling fans that enhance both function and design. The spacious layout provides room for relaxation and entertaining, while the quiet neighborhood offers the perfect backdrop for Florida living. Whether you're a first-time buyer, growing family, or looking to downsize, this home is move-in ready and waiting for you!

11. 2018-06-19
    soldstatus $123,500 440-char remark

    Show marketing remark (440 chars)

    NICE FLOOR PLAN IN THIS CHARMING HOME. FORMAL LIVING ROOM, DINING ROOM, EAT IN KITCHEN AND FAMILY ROOM. DECENT SIZED BEDROOMS. PHOTOS ARE FROM PRIOR TO TENANT MOVE IN. FRESHLY PAINTED OUTSIDE RECENTLY. PRICE REFLECTS REPAIRS NEEDED/REPLACEMENT OF ROOF AND NEW DRAINFIELD. PRIOR SEPTIC INSPECTION SHOWED DRAINFIELD DRAINING SLOWLY. TENANT MOVED SEVERAL MONTHS AGO AND THEY HAD NO REPORTED ISSUES. PRICE REDUCED TO OFFSET PRICE OF DRAINFIELD.

12. 2018-06-19
    soldstatus $123,500

    Show marketing remark (440 chars)

    NICE FLOOR PLAN IN THIS CHARMING HOME. FORMAL LIVING ROOM, DINING ROOM, EAT IN KITCHEN AND FAMILY ROOM. DECENT SIZED BEDROOMS. PHOTOS ARE FROM PRIOR TO TENANT MOVE IN. FRESHLY PAINTED OUTSIDE RECENTLY. PRICE REFLECTS REPAIRS NEEDED/REPLACEMENT OF ROOF AND NEW DRAINFIELD. PRIOR SEPTIC INSPECTION SHOWED DRAINFIELD DRAINING SLOWLY. TENANT MOVED SEVERAL MONTHS AGO AND THEY HAD NO REPORTED ISSUES. PRICE REDUCED TO OFFSET PRICE OF DRAINFIELD.

13. 2017-08-19
    listed $127,900 440-char remark

    Show marketing remark (440 chars)

    NICE FLOOR PLAN IN THIS CHARMING HOME. FORMAL LIVING ROOM, DINING ROOM, EAT IN KITCHEN AND FAMILY ROOM. DECENT SIZED BEDROOMS. PHOTOS ARE FROM PRIOR TO TENANT MOVE IN. FRESHLY PAINTED OUTSIDE RECENTLY. PRICE REFLECTS REPAIRS NEEDED/REPLACEMENT OF ROOF AND NEW DRAINFIELD. PRIOR SEPTIC INSPECTION SHOWED DRAINFIELD DRAINING SLOWLY. TENANT MOVED SEVERAL MONTHS AGO AND THEY HAD NO REPORTED ISSUES. PRICE REDUCED TO OFFSET PRICE OF DRAINFIELD.

14. 2016-08-16
    historical
15. 2011-03-31
    soldstatus $64,900
16. 2011-03-25
    soldstatus $64,900
17. 2010-08-02
    listed $66,900
18. 2010-02-25
    listed $66,900
19. 1997-04-16
    soldstatus $57,500

ⓘ 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: $1,827 · $152/mo
• Projected year-2 tax: $1,992 · $166/mo
• Expected delta: +$165/yr (+$14/mo · 9.0%)

ⓘ 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 3/10 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: $24,772
• − Mortgage interest: −$13,444
• − Property taxes: −$1,827
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,982
• − Management: −$1,982
• − Depreciation: −$6,982
• Taxable loss: −$2,643
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $2,075/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

+317.4% since first listed

19 events — show timeline

• 2026-04-15 Contingent — SCMLS
• 2026-04-07 Price Changed $240,000 SCMLS
• 2026-03-25 Price Changed $245,000 SCMLS
• 2026-03-22 Price Changed $250,000 SCMLS
• 2026-03-03 Price Changed $255,000 SCMLS
• 2026-01-13 Price Changed $260,000 SCMLS
• 2025-10-04 Price Changed $265,000 SCMLS
• 2025-09-28 Listed $269,999 SCMLS
• 2025-09-13 Listing Removed — SCMLS
• 2025-09-08 Listed $280,000 SCMLS
• 2018-06-19 Sold (Public Records) $123,500 Public Records
• 2018-06-19 Sold (MLS) $123,500 SCMLS
• 2017-08-19 Listed $127,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-03-31 Sold (Public Records) $64,900 Public Records
• 2011-03-25 Sold (MLS) $64,900 SCMLS
• 2010-08-02 Listed $66,900 SCMLS
• 2010-02-25 Listed $66,900 SCMLS
• 1997-04-16 Sold (Public Records) $57,500 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,827 · +2.9% YoY. Source: county tax records.