🌊 Lakefront
550 Morning Cove Cir SE · Palm Bay, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
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 +6.0/30.0
- Schools +4.7/10.0
- Livability +3.6/5.0
- Rent growth +3.4/5.0
- Condition / age +2.5/5.0
- 1% rule +2.1/10.0
- DSCR +0.3/10.0
$307,500
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
Key facts
- Barn-door accent
- Waterfront home
- Updated flooring
Tags
Property features AI
Finance
- Other: Pets allowed with approval (cats and dogs OK; breed restrictions apply)
- HOA & community: Community association (monthly fee of $185); Association management: bayside management; Community spa: heated, in-ground (community)
Exterior
- Parking: Attached 2-car garage
- Security: Security gate; Smoke detectors
- Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Natural gas connected; Cable available
- Home design: Single family residence; One level (entry level 1); Northeast-facing
- Construction: Block, concrete and stucco construction; Shingle roof
- Exterior features: Covered, screened rear porch; Storm shutters; Sprinklers in front and rear; Few trees; cleared lot; City street frontage; asphalt road surface
Interior
- Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
- Bedrooms: 3 bedrooms (all on the main level)
- Flooring: Laminate; Tile
- Bathrooms: 2 full bathrooms
- Heating & cooling: Central heating; Central electric air conditioning
- Interior features: Open floorplan with entrance foyer; Built-in features; Ceiling fans; Breakfast bar and breakfast nook; Eat-in kitchen; Pantry; Primary bathroom with tub and separate shower; Primary bedroom on main level; Trussed covered screened patio (main level)
- Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup; In-unit laundry
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $308k.
Deal economics
- At list price, monthly cash flow is $-592 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $203k (34.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (29.1% below list).
- Recommended offer: $203k (34.0% below list) — sets the bar for cash-flow.
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); 1111 active listings in the ZIP; 28 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 33% 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 $33k of equity ($2k loan paydown + $31k 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 ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
- 5 sale attempts since 3y 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.
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.
Questions for the listing agent
- 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?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
- What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
- Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
- 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.
- 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.
- 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
- 0.71% ✗
- Cap rate
- 3.98%
- Cash-on-cash
- -8.25%
- DSCR
- 0.63
- GRM
- 11.8
CMA / ARV
No comps found within radius.
Projected returns pro-forma
10.0% appreciation · 3.67% rent growth · sell at horizon
- IRR
- 18.7%
- Equity multiple
- 2.53×
- Total profit
- $131,420
- Equity at exit
- $277,020
- IRR
- 17.5%
- Equity multiple
- 5.88×
- Total profit
- $420,022
- Equity at exit
- $597,405
Cash invested: $86,100 (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
ZIP-level market 32909
- Home prices YoY
- 6.0%
- Rents YoY
- 3.7%
- Active inventory
- 1111
- Price-to-rent
- 11.8×
Monthly cashflow live
- Estimated rent
- $2,179 high interval (Pro) →
- Mortgage (P&I)
- −$1,613
- Tax from tax record
- −$387 /mo · $4,648/yr
- Insurance
- −$128
- HOA
- −$185
- Vacancy / Maint / Mgmt
- −$458
- Net cashflow
- $-592
Break-even live
Sensitivity live
| Price | -10% $-418 | -5% $-505 | +0% $-592 | +5% $-679 | +10% $-766 |
|---|---|---|---|---|---|
| Rent | -10% $-764 | -5% $-678 | +0% $-592 | +5% $-506 | +10% $-419 |
| Rate | -1.0pp $-437 | -0.5pp $-513 | base $-592 | +0.5pp $-671 | +1.0pp $-752 |
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
- $76,875
- Closing costs
- $9,225
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 28 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2250 Chinaberry Cir SE Palm Bay, FL | 3.0 | 2.0 | 1669 | $1,995 | $1.20 | 24d | 1 | 0.33mi |
| 978 Remington Green Dr SE Palm Bay, FL | 4.0 | 2.0 | 1830 | $2,200 | $1.20 | 24d | 1 | 0.57mi |
| 402 Breckenridge Cir SE Palm Bay, FL | 3.0 | 2.0 | 1960 | $2,200 | $1.12 | 24d | 1 | 0.60mi |
| 590 Trymore Dr SE Palm Bay, FL | 4.0 | 2.0 | 1873 | $2,250 | $1.20 | 15d | 1 | 0.97mi |
| 1224 Dillard Dr SE Palm Bay, FL | 3.0 | 2.0 | 1770 | $2,336 | $1.32 | 14d | 1 | 0.99mi |
| 2910 Emerson Dr SE Palm Bay, FL | 3.0 | 2.0 | 1700 | $1,950 | $1.15 | 15d | 1 | 1.04mi |
| 830 Painesville St SE Palm Bay, FL | 3.0 | 2.0 | 2029 | $2,220 | $1.09 | 14d | 1 | 1.07mi |
| 1150 Tiger St SE Palm Bay, FL | 3.0 | 2.0 | 1690 | $1,950 | $1.15 | 15d | 1 | 1.13mi |
| 1068 Saint Johns St SE Palm Bay, FL | 3.0 | 2.0 | 1332 | $2,000 | $1.50 | 24d | 1 | 1.16mi |
| 2036 Walsh Ave SE Palm Bay, FL | 3.0 | 2.0 | 1331 | $1,930 | $1.45 | 24d | 1 | 1.19mi |
| 1718 Sawgrass Dr SW Palm Bay, FL | 4.0 | 2.5 | 2248 | $2,400 | $1.07 | 24d | 1 | 1.19mi |
| 2691 Tepee Ave SE Palm Bay, FL | 4.0 | 2.0 | 1833 | $2,040 | $1.11 | 21d | 1 | 1.21mi |
| 1523 Elmhurst Cir SE Palm Bay, FL | 3.0 | 2.0 | 2028 | $2,325 | $1.15 | 24d | 1 | 1.26mi |
| 1736 La Maderia Dr SW Palm Bay, FL | 3.0 | 2.0 | 1873 | $2,000 | $1.07 | 24d | 1 | 1.29mi |
| 818 Seven Gables Cir SE Palm Bay, FL | 3.0 | 2.0 | 1490 | $1,795 | $1.20 | 24d | 1 | 1.31mi |
| 1517 Wacker Ave SE Palm Bay, FL | 4.0 | 2.0 | 1775 | $2,200 | $1.24 | 24d | 1 | 1.31mi |
| 328 Hammonton St SW Palm Bay, FL | 3.0 | 2.0 | 1942 | $2,500 | $1.29 | 24d | 1 | 1.31mi |
| 1733 La Maderia Dr SW Palm Bay, FL | 3.0 | 2.0 | 1865 | $2,195 | $1.18 | 21d | 1 | 1.32mi |
| 822 Seven Gables Cir SE Palm Bay, FL | 3.0 | 2.0 | 1474 | $1,835 | $1.24 | 24d | 1 | 1.32mi |
| 2749 Freehold Ave SE Palm Bay, FL | 3.0 | 2.0 | 1386 | $1,800 | $1.30 | 24d | 1 | 1.38mi |
| 1290 Sail Ct SE Palm Bay, FL | 3.0 | 2.0 | 1509 | $1,945 | $1.29 | 24d | 1 | 1.38mi |
| 1165 Rabbit St SE Palm Bay, FL | 3.0 | 2.0 | 1994 | $1,895 | $0.95 | 19d | 1 | 1.39mi |
| 543 Reading St SE Palm Bay, FL | 4.0 | 2.0 | 1833 | $2,010 | $1.10 | 21d | 1 | 1.42mi |
| 1150 Raoul St SE Palm Bay, FL | 4.0 | 2.0 | 1787 | $2,300 | $1.29 | 24d | 1 | 1.42mi |
| 1224 Buffing Cir SE Palm Bay, FL | 4.0 | 2.0 | 2233 | $2,395 | $1.07 | 15d | 1 | 1.42mi |
| 160 Dailey St SE Palm Bay, FL | 4.0 | 2.0 | 1795 | $2,275 | $1.27 | 24d | 1 | 1.45mi |
| 1897 Gould Ave SW Palm Bay, FL | 4.0 | 2.0 | 1555 | $1,850 | $1.19 | 24d | 1 | 1.46mi |
| 2785 Gabboys Ave SE Palm Bay, FL | 3.0 | 2.0 | 1475 | $1,849 | $1.25 | 24d | 1 | 1.48mi |
HOA detail
- Monthly dues
- $185 · $2,220/yr
- Likely covers
- watersewergaspoolsecurity
Listing history 22 events
-
2026-05-15$307,500 Active
-
2025-04-18soldstatus $305,000 Closed 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-03-26status Pending 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-03-24price $315,000 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-02-24price $317,000 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-02-13price $319,400 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-01-15$327,400 Active 646-char remark
Show marketing remark (646 chars)
Move in ready lakefront home in a Bayside Lakes gated community. The HOA takes care of your lawn. Open floor plan with volume ceilings and an impact window skylight that brings a lot of natural light. This house features city water and sewer, ceramic tile in the main areas and laminate flooring in the bedrooms, fresh paint inside, an eat-in kitchen with stainless steel appliances including a natural gas stove and water heater, generator hookup, hurricane shutters, sprinklers system, trussed and tiled screened back porch overlooking the lake. The roof was replaced in 2019 and the A/C in 2017. Only a few houses away from the community pool.
-
2025-01-10historical $2,100
-
2024-12-05price $2,100
-
2024-11-26price $2,200
-
2024-11-20price $2,300
-
2024-11-15$2,500
-
2024-10-04soldstatus $290,000
-
2024-09-30soldstatus $290,000 Closed 967-char remark
Show marketing remark (967 chars)
Major Price Reductions due to Seller need to relocate to take care or elderly family member. BEST VALUE in area for the money, offers well maintained home with screen room overlooking private large Pond. Neighborhood pool only couple homes away, plus Bayside Lakes clubhouse and Resort Pool nearby in addition to local shopping within mile. HOA takes care of Lawn, gate and BOTH Pools with amenities so you have more time to enjoy the surroundings. All stainless appliances remain, including Generator Hookup. City Water, Sewer, Natural Gas Stove and Hot water. Roof and AC and some other upgrades within 5 years. The location and ease of maintenance makes this ideal for Year-Round or Part time occupancy, The main Bayside Lakes clubhouse provides for a gym, BBQ, Tennis, and other recreational areas. Open Floorplan provides eat in kitchen, dining and living areas with the screened porch, plus tile and laminate flooring. Location not on side of former golf course
-
2024-09-14status Pending 967-char remark
Show marketing remark (967 chars)
Major Price Reductions due to Seller need to relocate to take care or elderly family member. BEST VALUE in area for the money, offers well maintained home with screen room overlooking private large Pond. Neighborhood pool only couple homes away, plus Bayside Lakes clubhouse and Resort Pool nearby in addition to local shopping within mile. HOA takes care of Lawn, gate and BOTH Pools with amenities so you have more time to enjoy the surroundings. All stainless appliances remain, including Generator Hookup. City Water, Sewer, Natural Gas Stove and Hot water. Roof and AC and some other upgrades within 5 years. The location and ease of maintenance makes this ideal for Year-Round or Part time occupancy, The main Bayside Lakes clubhouse provides for a gym, BBQ, Tennis, and other recreational areas. Open Floorplan provides eat in kitchen, dining and living areas with the screened porch, plus tile and laminate flooring. Location not on side of former golf course
-
2024-09-03price $300,000 967-char remark
Show marketing remark (967 chars)
Major Price Reductions due to Seller need to relocate to take care or elderly family member. BEST VALUE in area for the money, offers well maintained home with screen room overlooking private large Pond. Neighborhood pool only couple homes away, plus Bayside Lakes clubhouse and Resort Pool nearby in addition to local shopping within mile. HOA takes care of Lawn, gate and BOTH Pools with amenities so you have more time to enjoy the surroundings. All stainless appliances remain, including Generator Hookup. City Water, Sewer, Natural Gas Stove and Hot water. Roof and AC and some other upgrades within 5 years. The location and ease of maintenance makes this ideal for Year-Round or Part time occupancy, The main Bayside Lakes clubhouse provides for a gym, BBQ, Tennis, and other recreational areas. Open Floorplan provides eat in kitchen, dining and living areas with the screened porch, plus tile and laminate flooring. Location not on side of former golf course
-
2024-08-30price $310,000 967-char remark
Show marketing remark (967 chars)
Major Price Reductions due to Seller need to relocate to take care or elderly family member. BEST VALUE in area for the money, offers well maintained home with screen room overlooking private large Pond. Neighborhood pool only couple homes away, plus Bayside Lakes clubhouse and Resort Pool nearby in addition to local shopping within mile. HOA takes care of Lawn, gate and BOTH Pools with amenities so you have more time to enjoy the surroundings. All stainless appliances remain, including Generator Hookup. City Water, Sewer, Natural Gas Stove and Hot water. Roof and AC and some other upgrades within 5 years. The location and ease of maintenance makes this ideal for Year-Round or Part time occupancy, The main Bayside Lakes clubhouse provides for a gym, BBQ, Tennis, and other recreational areas. Open Floorplan provides eat in kitchen, dining and living areas with the screened porch, plus tile and laminate flooring. Location not on side of former golf course
-
2024-08-16$320,000 Active 967-char remark
Show marketing remark (967 chars)
Major Price Reductions due to Seller need to relocate to take care or elderly family member. BEST VALUE in area for the money, offers well maintained home with screen room overlooking private large Pond. Neighborhood pool only couple homes away, plus Bayside Lakes clubhouse and Resort Pool nearby in addition to local shopping within mile. HOA takes care of Lawn, gate and BOTH Pools with amenities so you have more time to enjoy the surroundings. All stainless appliances remain, including Generator Hookup. City Water, Sewer, Natural Gas Stove and Hot water. Roof and AC and some other upgrades within 5 years. The location and ease of maintenance makes this ideal for Year-Round or Part time occupancy, The main Bayside Lakes clubhouse provides for a gym, BBQ, Tennis, and other recreational areas. Open Floorplan provides eat in kitchen, dining and living areas with the screened porch, plus tile and laminate flooring. Location not on side of former golf course
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2023-05-08soldstatus $325,000
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2023-05-05soldstatus $325,000 Closed
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2023-04-27historical Backups
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2023-03-29$339,900 Active
ⓘ 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
- $4,648 · $387/mo
- Projected year-2 tax
- $4,648 · $387/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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,148
- − Mortgage interest
- −$17,225
- − Property taxes
- −$4,648
- − Insurance
- −$1,538
- − Repairs & maintenance
- −$2,092
- − Management
- −$2,092
- − HOA
- −$2,220
- − Depreciation
- −$8,945
- Taxable loss
- −$12,611
- Est. tax savings @ 24.0%
- +$3,027
- After-tax cash flow
- $-4,072/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
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
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
-9.5% since first listed22 events — show timeline
- 2026-05-15 Listed $307,500 SCMLS
- 2025-04-18 Sold (MLS) $305,000 SCMLS
- 2025-03-26 Pending — SCMLS
- 2025-03-24 Price Changed $315,000 SCMLS
- 2025-02-24 Price Changed $317,000 SCMLS
- 2025-02-13 Price Changed $319,400 SCMLS
- 2025-01-15 Listed $327,400 SCMLS
- 2025-01-10 Rental Removed $2,100 SCMLS
- 2024-12-05 Price Changed $2,100 SCMLS
- 2024-11-26 Price Changed $2,200 SCMLS
- 2024-11-20 Price Changed $2,300 SCMLS
- 2024-11-15 Listed for Rent $2,500 SCMLS
- 2024-10-04 Sold (Public Records) $290,000 Public Records
- 2024-09-30 Sold (MLS) $290,000 SCMLS
- 2024-09-14 Pending — SCMLS
- 2024-09-03 Price Changed $300,000 SCMLS
- 2024-08-30 Price Changed $310,000 SCMLS
- 2024-08-16 Listed $320,000 SCMLS
- 2023-05-08 Sold (Public Records) $325,000 Public Records
- 2023-05-05 Sold (MLS) $325,000 SCMLS
- 2023-04-27 Contingent — SCMLS
- 2023-03-29 Listed $339,900 SCMLS
Property tax history
+15.2%/yrLatest (2025): $4,648 · +0.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…