1688 Sunny Brook Ln NE Unit I201 · Palm Bay, FL 32905

$154,900

2 bd · 2.0 ba · 840 sqft · Condo public records · 47 Days on market

Built 1984 $324/mo HOA · 20% 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).

• Cash flow +11.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

UNPACK, SIT DOWN ENJOY LIFE-- THERE IS NOTHING TO DO!!! NEW AC (INSIDE OUT), HOT WATER HTR, RANGE WITH GLASS TOP SELF CLEANING OVEN, REFRIGERATOR W/ ICE MAKER, COUNTER TOPS, FAUCET IN KIT, TILE, CARPET, REGLAZED GBA TILE TUB, LIGHT IN DR, CARPET ON PORCH, NEW KITCHEN LIGHT, PAINT. SELLER HAS ALL OF THE WARRANTIES WAITING TO BE FILLED OUT IN BUYERS NAME. THIS IS A ONE OF A KIND!!! ABSOLUTELY A KNOCK OUT!!! ASSIGNED PARKING SPOT IS IN FRONT OF UNIT. NEW CARPET ON SCREENED PORCH

Key facts

• Screened in porch
• Centrally located
• Tiled through out

Tags

• COMMUNITY POOL AREA
• SCREENED IN PORCH
• SERVING WINDOW FROM KITCHEN
• TILED THROUGH OUT
• CENTRALLY LOCATED

Property features AI

Finance

• HOA & community: Association managed by Diversified Property Mgmt; Monthly association fee of $324; Association covers cable TV and grounds maintenance; On-site full-time management

Exterior

• Parking: Assigned parking in lot
• Utilities: Public sewer; Cable available; Electricity available and connected; Sewer connected; Water connected
• Home design: Condominium; Property attached; Two-story building; Entry level: 2; Faces west; Currently used as multi-family
• Construction: Block and stucco construction
• Exterior features: Storm shutters; Screened side porch; Shingle roof

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Ice maker; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Open floor plan; Split bedroom layout
• Laundry & utility: In-unit laundry; Washer hookup; Washer; Dryer; Stacked washer/dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $-57 ($-689/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (6.5% below list).
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $145k (6.5% 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: Riviera Elementary School (math 56% / reading 48%, grade C-, #990 of 2,144 statewide, top 48%, 696 students, 72% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 68% FRL vs 43% district-wide (25 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 soft (-0.5%/yr); 324 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 35% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y 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 $32k; list at $155k implies a 384% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,762 (6.5% 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 47 days. Have you received any prior offers? Is the seller open to a 7% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 5.85%
• Cash-on-cash: -1.59%
• DSCR: 0.93
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -23.2%
• Equity multiple: 0.23×
• Total profit: $-33,350
• Equity at exit: $23,096

10-year hold

• IRR: -33.1%
• Equity multiple: -0.19×
• Total profit: $-51,462
• Equity at exit: $13,393

Cash invested: $43,372 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 324
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,634 high
• Mortgage (P&I): −$812
• Tax from tax record: −$148 /mo · $1,771/yr
• Insurance: −$65
• HOA: −$324
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $-57

Break-even live

Break-even rent $1,707

Max offer price $144,762

Occupancy floor 99%

Sensitivity live

Price	-10% $30	-5% $-14	+0% $-57	+5% $-101	+10% $-145
Rent	-10% $-186	-5% $-122	+0% $-57	+5% $7	+10% $72
Rate	-1.0pp $21	-0.5pp $-18	base $-57	+0.5pp $-98	+1.0pp $-138

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1656 Sunny Brook Ln NE Unit L102 Palm Bay, FL	3.0	2.0	914	$1,690	$1.85	23d	1	0.04mi
1608 Sunny Brook Ln Palm Bay, FL	1.0–3.0	1.0–2.0	1040	$1,412	$1.36	25d	6	0.07mi
1698 Sunny Brook Ln NE Unit G109 Palm Bay, FL	1.0	1.0	658	$1,200	$1.82	21d	1	0.13mi
1649 Sunny Brook Ln NE Palm Bay, FL	1.0–2.0	1.0–2.0	760	$1,950	$2.57	16d	2	0.14mi
1641 Sunny Brook Ln NE Palm Bay, FL	2.0	2.0	862	$1,500	$1.74	16d	3	0.14mi
1625 Sunny Brook Ln NE Unit G103 Palm Bay, FL	3.0	2.0	914	$1,700	$1.86	25d	1	0.14mi
1601 Sunny Brook Ln NE Unit D101 Palm Bay, FL	2.0	2.0	846	$1,550	$1.83	25d	1	0.14mi
1625 Par St NE Unit 1107 Palm Bay, FL	2.0	2.0	1025	$1,875	$1.83	25d	1	0.16mi
1625 Par St NE Unit 1104 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	25d	1	0.16mi
1605 Par St NE Unit 3102 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	25d	1	0.19mi
1635 Par St NE Unit 2103 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	25d	1	0.21mi
1687 Avery Rd NE Palm Bay, FL	2.0	2.0	876	$1,800	$2.05	25d	1	0.21mi
2100 Forest Knoll Dr NE #202 Palm Bay, FL	2.0	2.0	1069	$1,600	$1.50	16d	1	0.21mi
2130 Forest Knoll Dr NE #202 Palm Bay, FL	2.0	2.0	1069	$1,450	$1.36	25d	1	0.24mi
1123 Tree Ridge Ln NE Palm Bay, FL	2.0	1.0	870	$1,350	$1.55	25d	1	0.27mi
2160 Forest Knoll Dr NE Unit 60-102 Palm Bay, FL	2.0	2.0	1069	$1,350	$1.26	25d	1	0.27mi
2190 Forest Knoll Dr NE Unit 90-202 Palm Bay, FL	2.0	2.0	1069	$1,400	$1.31	25d	1	0.29mi
1701 Forest Knoll Dr NE Palm Bay, FL	2.0–3.0	2.0	1200	$1,499	$1.25	16d	5	0.33mi
1000 Palm Place Dr NE Palm Bay, FL	1.0–2.0	1.0–2.0	884	$2,185	$2.47	23d	8	0.54mi
1311 Cindy Cir NE Palm Bay, FL	2.0	2.0	865	$1,700	$1.97	25d	1	0.86mi
1635 Monterey Dr NE Palm Bay, FL	1.0	1.0	581	$1,276	$2.20	15d	22	1.00mi
1501 Harvard Cir Melbourne, FL	1.0–3.0	1.0–2.0	1075	$1,765	$1.64	25d	3	1.09mi
3016 Pinewood Dr NE Palm Bay, FL	1.0–2.0	1.0	800	$1,103	$1.38	25d	1	1.17mi
1245 Palm Bay Rd Palm Bay, FL	1.0–2.0	1.0–2.0	807	$1,425	$1.76	25d	6	1.20mi
1440 Sheafe Ave NE Palm Bay, FL	2.0	2.0	793	$1,500	$1.89	23d	1	1.22mi
1440 Sheafe Ave NE #112 Palm Bay, FL	2.0	2.0	793	$1,500	$1.89	25d	1	1.23mi
4881 Dairy Rd Melbourne, FL	1.0–2.0	1.0–2.0	954	$2,491	$2.61	16d	12	1.24mi
4001 Pinewood Dr NE Palm Bay, FL	2.0	2.0	1036	$1,269	$1.22	25d	5	1.24mi
1030 Luminary Cir Unit 106 Melbourne, FL	2.0	2.0	1008	$1,800	$1.79	23d	1	1.29mi
1880 Mogra Cir NE Palm Bay, FL	2.0–3.0	2.0	1090	$1,382	$1.27	16d	6	1.32mi
1070 Luminary Cir #104 Melbourne, FL	2.0	2.0	1008	$1,850	$1.84	25d	1	1.32mi
1630 Bottlebrush Dr Palm Bay, FL	2.0	1.0	600	$1,495	$2.49	25d	1	1.32mi
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	25d	1	1.35mi
993 Sonesta Ave NE Unit A-103 Palm Bay, FL	2.0	2.0	825	$1,350	$1.64	25d	1	1.38mi
987 Sonesta Ave NE #207 Palm Bay, FL	1.0	1.0	644	$1,200	$1.86	16d	1	1.39mi
790 Luminary Cir #104 Melbourne, FL	2.0	2.0	1008	$1,850	$1.84	25d	1	1.41mi
100 Larch Cir NE Palm Bay, FL	1.0–2.0	1.0–2.0	1013	$1,775	$1.75	16d	16	1.45mi
4315 S Babcock St Melbourne, FL	1.0–3.0	1.0–2.0	996	$1,738	$1.74	15d	15	1.45mi
915 Sonesta Ave NE Palm Bay, FL	2.0	2.0	825	$1,425	$1.73	23d	2	1.45mi
969 Sonesta Ave NE #208 Palm Bay, FL	1.0	1.0	624	$1,475	$2.36	25d	1	1.46mi

HOA detail condo

• Monthly dues: $324 · $3,888/yr
• Likely covers: waterparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-22
   days on market $154,900 Active 47 DOM
2. 2026-06-18
   days on market $154,900 Active 44 DOM
3. 2026-06-17
   days on market $154,900 Active 43 DOM
4. 2026-06-16
   days on market $154,900 Active 42 DOM
5. 2026-06-15
   days on market $154,900 Active 41 DOM
6. 2026-06-14
   days on market $154,900 Active 39 DOM
7. 2026-06-10
   days on market $154,900 Active 36 DOM
8. 2026-06-08
   days on market $154,900 Active 34 DOM
9. 2026-06-07
   days on market $154,900 Active 33 DOM
10. 2026-06-05
    days on market $154,900 Active 30 DOM
11. 2026-06-03
    days on market $154,900 Active 29 DOM
12. 2026-06-02
    days on market $154,900 Active 28 DOM
13. 2026-06-01
    days on market $154,900 Active 27 DOM
14. 2026-05-31
    days on market $154,900 Active 26 DOM
15. 2026-05-31
    days on market $154,900 Active 25 DOM
16. 2026-05-05
    listed $154,900 Active
17. 2016-08-16
    historical 480-char remark

    Show marketing remark (480 chars)

    UNPACK, SIT DOWN ENJOY LIFE-- THERE IS NOTHING TO DO!!! NEW AC (INSIDE OUT), HOT WATER HTR, RANGE WITH GLASS TOP SELF CLEANING OVEN, REFRIGERATOR W/ ICE MAKER, COUNTER TOPS, FAUCET IN KIT, TILE, CARPET, REGLAZED GBA TILE TUB, LIGHT IN DR, CARPET ON PORCH, NEW KITCHEN LIGHT, PAINT. SELLER HAS ALL OF THE WARRANTIES WAITING TO BE FILLED OUT IN BUYERS NAME. THIS IS A ONE OF A KIND!!! ABSOLUTELY A KNOCK OUT!!! ASSIGNED PARKING SPOT IS IN FRONT OF UNIT. NEW CARPET ON SCREENED PORCH

18. 2016-08-16
    historical

    Show marketing remark (480 chars)

    UNPACK, SIT DOWN ENJOY LIFE-- THERE IS NOTHING TO DO!!! NEW AC (INSIDE OUT), HOT WATER HTR, RANGE WITH GLASS TOP SELF CLEANING OVEN, REFRIGERATOR W/ ICE MAKER, COUNTER TOPS, FAUCET IN KIT, TILE, CARPET, REGLAZED GBA TILE TUB, LIGHT IN DR, CARPET ON PORCH, NEW KITCHEN LIGHT, PAINT. SELLER HAS ALL OF THE WARRANTIES WAITING TO BE FILLED OUT IN BUYERS NAME. THIS IS A ONE OF A KIND!!! ABSOLUTELY A KNOCK OUT!!! ASSIGNED PARKING SPOT IS IN FRONT OF UNIT. NEW CARPET ON SCREENED PORCH

19. 2011-08-12
    soldstatus $32,000
20. 2011-08-08
    soldstatus $32,000
21. 2011-06-24
    listed $37,900
22. 2011-06-24
    listed $37,900
23. 2005-09-29
    listed $129,900 480-char remark

    Show marketing remark (480 chars)

    UNPACK, SIT DOWN ENJOY LIFE-- THERE IS NOTHING TO DO!!! NEW AC (INSIDE OUT), HOT WATER HTR, RANGE WITH GLASS TOP SELF CLEANING OVEN, REFRIGERATOR W/ ICE MAKER, COUNTER TOPS, FAUCET IN KIT, TILE, CARPET, REGLAZED GBA TILE TUB, LIGHT IN DR, CARPET ON PORCH, NEW KITCHEN LIGHT, PAINT. SELLER HAS ALL OF THE WARRANTIES WAITING TO BE FILLED OUT IN BUYERS NAME. THIS IS A ONE OF A KIND!!! ABSOLUTELY A KNOCK OUT!!! ASSIGNED PARKING SPOT IS IN FRONT OF UNIT. NEW CARPET ON SCREENED PORCH

24. 2002-08-15
    soldstatus $37,000
25. 2000-02-14
    soldstatus $33,000
26. 1996-10-03
    soldstatus $24,000
27. 1990-10-01
    soldstatus $38,100

ⓘ 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: $1,771 · $148/mo
• Projected year-2 tax: $1,771 · $148/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: $19,611
• − Mortgage interest: −$8,677
• − Property taxes: −$1,771
• − Insurance: −$774
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − HOA: −$3,888
• − Depreciation: −$4,506
• Taxable loss: −$3,143
• Est. tax savings @ 24.0%: +$754
• After-tax cash flow: $66/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): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 2%

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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

+306.6% since first listed

12 events — show timeline

• 2026-05-05 Listed $154,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2011-08-12 Sold (Public Records) $32,000 Public Records
• 2011-08-08 Sold (MLS) $32,000 SCMLS
• 2011-06-24 Listed $37,900 SCMLS
• 2011-06-24 Listed $37,900 SCMLS
• 2005-09-29 Listed $129,900 SCMLS
• 2002-08-15 Sold (Public Records) $37,000 Public Records
• 2000-02-14 Sold (Public Records) $33,000 Public Records
• 1996-10-03 Sold (Public Records) $24,000 Public Records
• 1990-10-01 Sold (Public Records) $38,100 Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,771 · +0.8% YoY. Source: county tax records.