1041 Wesberry St SE · Palm Bay, FL 32909

$399,000

4 bd · 2.5 ba · 2,171 sqft · Land · 230 Days on market

Built 2025 10,019 sqft lot ↓ 52% since listing

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +5.3/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

NO CLOSING COST LOANS AVAILABLE. One or more photo(s) has been virtually staged—New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors.

Key facts

• Open floor plan
• Solid wood cabinets
• New construction

Tags

• NEW CONSTRUCTION
• OPEN FLOOR PLAN
• CHEF'S KITCHEN
• ISLAND
• SOLID WOOD CABINETS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Pets allowed with no restrictions
• HOA & community: No association amenities

Exterior

• Parking: Attached garage with 2 covered spaces; Garage with garage door opener
• Utilities: Well water; Septic tank; Three-phase electric service; Cable available
• Home design: Single-family residence; New construction; One story; Faces southeast
• Construction: Block, stucco and stone veneer construction; Composition shingle roof; Builder-reported living area 2,171
• Exterior features: Covered and open patios

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central electric heating; Central individual electric cooling
• Interior features: Built-in features; Entrance foyer; Kitchen island; Walk-in closets; Split bedroom layout; Custom mirrors
• Laundry & utility: Washer hookup inside; Electric water heater

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath land listed at $399k.

Deal economics

• At list price, monthly cash flow is $-879 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $272k (31.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (40.4% below list).
• Recommended offer: $238k (40.4% 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% 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); 1123 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 36% 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 $43k of equity ($3k loan paydown + $40k 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 ~$69k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 230 days — a 12% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $21k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $237,734 (40.4% 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 230 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.60% ✗
• Cap rate: 3.65%
• Cash-on-cash: -9.44%
• DSCR: 0.58
• GRM: 14.0

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: 17.8%
• Equity multiple: 2.46×
• Total profit: $162,952
• Equity at exit: $359,451

10-year hold

• IRR: 16.8%
• Equity multiple: 5.72×
• Total profit: $527,343
• Equity at exit: $775,169

Cash invested: $111,720 (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: 1123
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $2,377 high
• Mortgage (P&I): −$2,092
• Tax est. 1.5%: −$499 /mo · $5,985/yr
• Insurance: −$166
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $-879

Break-even live

Break-even rent $3,490

Max offer price $271,764

Occupancy floor —

Sensitivity live

Price	-10% $-604	-5% $-741	+0% $-879	+5% $-1,017	+10% $-1,155
Rent	-10% $-1,067	-5% $-973	+0% $-879	+5% $-785	+10% $-691
Rate	-1.0pp $-678	-0.5pp $-778	base $-879	+0.5pp $-983	+1.0pp $-1,088

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: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	23d	1	0.45mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	25d	1	0.48mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	21d	1	0.49mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	25d	1	0.63mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	0.64mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	0.82mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	0.85mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	25d	1	0.88mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	0.90mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	21d	1	0.92mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	0.96mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.97mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	1.00mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	1.01mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	1.08mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	1.11mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	25d	1	1.12mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	16d	1	1.13mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	1.13mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	25d	1	1.18mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	1.19mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	16d	1	1.24mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	21d	1	1.29mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	1.34mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	15d	1	1.35mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	21d	1	1.38mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	15d	1	1.39mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	1.41mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.43mi

Listing history 22 events

1. 2026-06-22
   days on market $399,000 Active 230 DOM
2. 2026-06-18
   days on market $399,000 Active 227 DOM
3. 2026-06-17
   pricedays on market $399,000 Active 226 DOM
4. 2026-06-16
   days on market $410,000 Active 225 DOM
5. 2026-06-15
   days on market $410,000 Active 224 DOM
6. 2026-06-14
   days on market $410,000 Active 222 DOM
7. 2026-06-10
   days on market $410,000 Active 219 DOM
8. 2026-06-08
   days on market $410,000 Active 217 DOM
9. 2026-06-07
   days on market $410,000 Active 216 DOM
10. 2026-06-05
    days on market $410,000 Active 213 DOM
11. 2026-06-03
    pricedays on market $410,000 Active 212 DOM
12. 2026-06-02
    days on market $420,000 Active 211 DOM
13. 2026-06-01
    days on market $420,000 Active 210 DOM
14. 2026-05-31
    days on market $420,000 Active 209 DOM
15. 2026-05-31
    days on market $420,000 Active 208 DOM
16. 2026-05-15
    price $410,000 947-char remark

    Show marketing remark (947 chars)

    NO CLOSING COST LOANS AVAILABLE. One or more photo(s) has been virtually staged—New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors.

17. 2026-05-12
    price $414,000 947-char remark

    Show marketing remark (947 chars)

    NO CLOSING COST LOANS AVAILABLE. One or more photo(s) has been virtually staged—New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors.

18. 2025-12-04
    price $417,000 947-char remark

    Show marketing remark (947 chars)

    NO CLOSING COST LOANS AVAILABLE. One or more photo(s) has been virtually staged—New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors.

19. 2025-11-03
    listed $420,000 Active
20. 2025-10-15
    listed $420,000 Active 1026-char remark

    Show marketing remark (1026 chars)

    One or more photo(s) has been virtually staged. Under Construction. LUXURY NEW CONSTRUCTION: FLEX CASH & NO CLOSING COST LOANS AVAILABLE! This Luxurious 4-bedroom, 2 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside, you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft-close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors, luxury handles, and an electric garage.

21. 2025-10-08
    listed $420,000 Active 947-char remark

    Show marketing remark (947 chars)

    NO CLOSING COST LOANS AVAILABLE. One or more photo(s) has been virtually staged—New Construction. This Luxurious 4-bedroom, 2.5 Bath Property is exquisitely built with all of the upgrades nestled in the heart of Palm Bay. Inside you will find a wonderfully open floor plan perfect for gatherings and entertaining. The capacious Chef's Kitchen is stylishly equipped with an island, solid wood cabinets, stainless steel appliances and ample storage. The contemporary living space is bursting with natural light and a flowing layout that is inviting and relaxing. Luxuriate in the vast Primary Suite that offers a collection of modern conveniences. This beautiful house is full of INCLUDED upgrades: solid wood soft close cabinets in the kitchen and in the bathrooms, luxury vinyl plank flooring (no carpet), and floor-to-ceiling tiles in the showers, bathroom niches, granite countertops in the kitchen and baths, 9'4'' ceilings, 8-foot doors.

22. 1997-10-17
    soldstatus $847,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,528
• − Mortgage interest: −$22,350
• − Property taxes: −$5,985
• − Insurance: −$1,995
• − Repairs & maintenance: −$2,282
• − Management: −$2,282
• − Depreciation: −$11,607
• Taxable loss: −$17,974
• Est. tax savings @ 24.0%: +$4,314
• After-tax cash flow: $-6,238/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

-51.6% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $410,000 SCMLS
• 2026-05-12 Price Changed $414,000 SCMLS
• 2025-12-04 Price Changed $417,000 SCMLS
• 2025-11-03 Listed $420,000 Beaches MLS
• 2025-10-15 Listed $420,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Listed $420,000 SCMLS
• 1997-10-17 Sold (Public Records) $847,000 Public Records