3696 Aberdeen Dr SE · Palm Bay, FL 32909

$323,500

3 bd · 2.0 ba · 1,676 sqft · SingleFamily public records · 104 Days on market

Built 2023 6,098 sqft lot $42/mo HOA · 2% 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).

• 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 +0.4/10.0

Listing remarks MLS

* * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

Key facts

• Screened entry
• Ceiling fans
• Back porch

Tags

• SCREENED ENTRY
• BACK PORCH
• UNDER-CABINET KITCHEN LIGHTING
• EPOXY GARAGE FLOORING
• WORKBENCH
• CEILING FANS

Property features AI

Finance

• HOA & community: Association: Access Residential Management; Monthly association fees; Community amenities: basketball court, clubhouse, fitness center, pickleball, playground

Exterior

• Parking: Garage; 2-car garage
• Security: Smoke detectors
• Utilities: Public sewer; Water connected; Electricity connected; Cable connected; Sewer connected
• Home design: Single family residence; One story; East-facing
• Construction: Block, concrete and stucco construction; Shingle roof; Pets allowed
• Exterior features: Rear screened porch; Storm shutters; Sprinklers in front and rear; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Kitchen island; Pantry; Split bedroom layout; Primary bathroom with shower (no tub); Walk-in closet(s)
• Laundry & utility: In-unit laundry; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $324k.

Deal economics

• At list price, monthly cash flow is $-612 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (33.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (28.9% below list).
• Recommended offer: $215k (33.4% 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: 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; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 35% 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 $35k of equity ($2k loan paydown + $32k 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 ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($294k) is reasonable based on typical stale-listing flexibility.
• 2 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; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,438 (33.4% 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 104 days. Have you received any prior offers? Is the seller open to a 33% 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. 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: 0.71% ✗
• Cap rate: 4.02%
• Cash-on-cash: -8.10%
• DSCR: 0.64
• GRM: 11.7

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: 18.8%
• Equity multiple: 2.53×
• Total profit: $138,942
• Equity at exit: $291,434

10-year hold

• IRR: 17.6%
• Equity multiple: 5.89×
• Total profit: $443,363
• Equity at exit: $628,489

Cash invested: $90,580 (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: 11.7×

Monthly cashflow live

• Estimated rent: $2,301 high
• Mortgage (P&I): −$1,696
• Tax from tax record: −$557 /mo · $6,678/yr
• Insurance: −$135
• HOA: −$42
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $-612

Break-even live

Break-even rent $3,076

Max offer price $215,438

Occupancy floor —

Sensitivity live

Price	-10% $-429	-5% $-520	+0% $-612	+5% $-703	+10% $-795
Rent	-10% $-794	-5% $-703	+0% $-612	+5% $-521	+10% $-430
Rate	-1.0pp $-449	-0.5pp $-529	base $-612	+0.5pp $-696	+1.0pp $-781

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: $80,875
• Closing costs: $9,705
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	21d	1	0.02mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	15d	1	0.08mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	21d	1	0.15mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	15d	1	0.19mi
1566 Criswell Ln SE Palm Bay, FL	4.0	2.0	2046	$2,400	$1.17	25d	1	0.35mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	25d	1	0.42mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	25d	1	0.47mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	0.55mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	25d	1	0.64mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	25d	1	0.68mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	0.80mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	25d	1	0.85mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	25d	1	1.09mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.14mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	25d	1	1.19mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	21d	1	1.32mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	16d	1	1.48mi

HOA detail

• Monthly dues: $42 · $504/yr

Listing history 29 events

1. 2026-06-22
   days on market $323,500 Active 104 DOM
2. 2026-06-18
   days on market $323,500 Active 101 DOM
3. 2026-06-17
   days on market $323,500 Active 100 DOM
4. 2026-06-16
   pricedays on market $323,500 Active 99 DOM
5. 2026-06-15
   days on market $323,600 Active 98 DOM
6. 2026-06-14
   days on market $323,600 Active 96 DOM
7. 2026-06-10
   days on market $323,600 Active 93 DOM
8. 2026-06-08
   days on market $323,600 Active 91 DOM
9. 2026-06-07
   statusdays on market $323,600 Active 90 DOM
10. 2026-06-02
    status $323,600 Pending 88 DOM
11. 2026-06-01
    days on market $323,600 Active 88 DOM
12. 2026-05-31
    days on market $323,600 Active 87 DOM
13. 2026-05-31
    days on market $323,600 Active 86 DOM
14. 2026-05-21
    price $323,700
15. 2026-05-14
    price $323,800
16. 2026-05-07
    price $323,900
17. 2026-03-27
    price $324,000
18. 2026-03-05
    listed $325,000 Active
19. 2024-02-22
    status Pending 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

20. 2024-02-21
    soldstatus $320,990 Closed 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

21. 2024-01-08
    historical Active Under Contract 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

22. 2023-11-28
    price $323,990 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

23. 2023-11-13
    price $318,990 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

24. 2023-10-18
    price $334,990 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

25. 2023-10-17
    price $339,990 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

26. 2023-10-01
    price $349,555 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

27. 2023-09-18
    price $344,555 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

28. 2023-08-29
    listed $339,555 Active 475-char remark

    Show marketing remark (475 chars)

    * * AVAILABLE NOW - MOVE IN READY * * This single-story open layout home has 3 Bedrooms, 2 Bathrooms, 2-Car Garage, a separate laundry room, oversized living room, large kitchen with plenty of cabinets and counter space, huge pantry and a kitchen counter height Island. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available December/January.

29. 2023-06-01
    soldstatus $1,918,000

ⓘ 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: $6,678 · $557/mo
• Projected year-2 tax: $6,678 · $557/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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 20 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: $27,616
• − Mortgage interest: −$18,121
• − Property taxes: −$6,678
• − Insurance: −$1,618
• − Repairs & maintenance: −$2,209
• − Management: −$2,209
• − HOA: −$504
• − Depreciation: −$9,411
• Taxable loss: −$13,134
• Est. tax savings @ 24.0%: +$3,152
• After-tax cash flow: $-4,188/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

-83.1% since first listed

16 events — show timeline

• 2026-05-21 Price Changed $323,700 SCMLS
• 2026-05-14 Price Changed $323,800 SCMLS
• 2026-05-07 Price Changed $323,900 SCMLS
• 2026-03-27 Price Changed $324,000 SCMLS
• 2026-03-05 Listed $325,000 SCMLS
• 2024-02-22 Pending — SCMLS
• 2024-02-21 Sold (MLS) $320,990 SCMLS
• 2024-01-08 Contingent — SCMLS
• 2023-11-28 Price Changed $323,990 SCMLS
• 2023-11-13 Price Changed $318,990 SCMLS
• 2023-10-18 Price Changed $334,990 SCMLS
• 2023-10-17 Price Changed $339,990 SCMLS
• 2023-10-01 Price Changed $349,555 SCMLS
• 2023-09-18 Price Changed $344,555 SCMLS
• 2023-08-29 Listed $339,555 SCMLS
• 2023-06-01 Sold (Public Records) $1,918,000 Public Records

Property tax history

+101.1%/yr

Latest (2025): $6,678 · +3.3% YoY. Source: county tax records.