618 Americana Blvd NE · Palm Bay, FL 32907

$155,000

3 bd · 2.0 ba · 1,560 sqft · SingleFamily public records · 8 Days on market

Built 1992 10,454 sqft lot

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Why this score? — see what drove the B- 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 +29.8/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming three-bedroom, two-bath residence nestled in the heart of Palm Bay, This well maintained property boasts a perfect blend of comfort, style, and functionality, making it an ideal haven for families, professionals, and anyone seeking a relaxing retreat. The interior boasts a spacious open floor plan that seamlessly integrates the living, dining, and kitchen areas. The updated kitchen has newer appliances and generous breakfast bar space. The large Primary Bedroom has plenty of closet space and the Primary bathroom offers a double vanity. The private backyard has an oversized storage building. In addition there is a private well for irrigation. The home is close to shopping, entertainment, and churches. VA ASSUMABLE. This is a must see!

Key facts

• Open floor plan
• Private backyard
• Enclosed rear porch

Tags

• OPEN FLOOR PLAN
• ENCLOSED REAR PORCH
• PRIVATE BACKYARD
• OVERSIZED STORAGE BUILDING
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; Entry level: 1; Home faces north
• Construction: Brick, frame, and stucco construction; Shingle roof
• Exterior features: Rear porch; Yard is cleared; Shed(s) on the property

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (all on entry level)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar and breakfast nook; Ceiling fans; Eat-in kitchen; Primary bathroom has a shower (no tub); Split bedroom floor plan
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area located in the garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).

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: Lockmar Elementary School (math 45% / reading 53%, grade D, #1,134 of 2,144 statewide, top 54%, 583 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% 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 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 55% district-wide (-15 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 739 active listings in the ZIP; 27 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 35% of the median local income ($75k/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.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $43k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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 $84k; list at $155k implies a 85% 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 $155,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.42% ✓
• Cap rate: 10.69%
• Cash-on-cash: 15.69%
• DSCR: 1.70
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.15×
• Total profit: $6,629
• Equity at exit: $23,111

10-year hold

• IRR: 11.4%
• Equity multiple: 1.81×
• Total profit: $35,026
• Equity at exit: $13,402

Cash invested: $43,400 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,199 high
• Mortgage (P&I): −$813
• Tax from tax record: −$292 /mo · $3,506/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $567

Break-even live

Break-even rent $1,480

Max offer price $155,000

Occupancy floor 69%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	14d	1	0.22mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	23d	1	0.27mi
334 Bordeaux Ave NE Palm Bay, FL	4.0	2.0	2083	$2,250	$1.08	14d	1	0.38mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	23d	1	0.38mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	14d	1	0.54mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	23d	1	0.66mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	23d	1	0.69mi
296 Croquet Ave NE Palm Bay, FL	4.0	2.0	2028	$2,300	$1.13	21d	1	0.76mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	14d	1	0.86mi
124 Evergreen St NE Palm Bay, FL	3.0	2.0	1283	$1,855	$1.45	23d	1	0.86mi
356 Pipit St NE Palm Bay, FL	3.0	2.0	1530	$1,800	$1.18	23d	1	0.99mi
986 Piedmont Ave NE Palm Bay, FL	3.0	2.0	1238	$1,850	$1.49	14d	1	1.03mi
787 Seymour Rd NE Palm Bay, FL	3.0	2.0	2020	$2,250	$1.11	14d	1	1.05mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	23d	1	1.10mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	23d	1	1.16mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	1.18mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	23d	1	1.19mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	1.20mi
1084 Herne Ave NE Palm Bay, FL	4.0	2.0	2244	$3,000	$1.34	23d	1	1.21mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	23d	1	1.27mi
210 Meehan Ave NW Palm Bay, FL	3.0	2.0	2020	$1,895	$0.94	14d	1	1.31mi
997 Mariposa Dr NE Palm Bay, FL	2.0	2.0	1722	$1,800	$1.05	23d	1	1.32mi
276 Americana Blvd NW Palm Bay, FL	4.0	3.0	2089	$2,500	$1.20	23d	1	1.36mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	23d	1	1.37mi
171 Salmon Dr NE Palm Bay, FL	2.0	2.0	1128	$2,195	$1.95	23d	1	1.39mi
1099 Dania Cir NE Palm Bay, FL	3.0	2.0	1314	$2,300	$1.75	23d	1	1.40mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	19d	1	1.49mi

Listing history 6 events

1. 2026-06-18
   days on market $155,000 Active 8 DOM
2. 2026-06-17
   days on market $155,000 Active 7 DOM
3. 2026-06-16
   days on market $155,000 Active 6 DOM
4. 2026-06-15
   days on market $155,000 Active 5 DOM
5. 2026-06-14
   remarks 695-char remark
6. 2026-06-14
   listed $155,000 Active 3 DOM

ⓘ 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: $3,506 · $292/mo
• Projected year-2 tax: $3,506 · $292/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 2/10 Low
• 🌡 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: $26,385
• − Mortgage interest: −$8,682
• − Property taxes: −$3,506
• − Insurance: −$775
• − Repairs & maintenance: −$2,111
• − Management: −$2,111
• − Depreciation: −$4,509
• Taxable income: $4,691
• Est. tax owed @ 24.0%: −$1,126
• After-tax cash flow: $5,683/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+1023.2% since first listed

11 events — show timeline

• 2026-06-10 Listed $155,000 SCMLS
• 2026-01-30 Listing Removed — SCMLS
• 2025-11-03 Relisted — SCMLS
• 2025-11-03 Price Changed $305,000 SCMLS
• 2025-10-31 Listing Removed — SCMLS
• 2025-08-14 Price Changed $310,000 SCMLS
• 2025-08-07 Price Changed $340,000 SCMLS
• 2025-06-03 Price Changed $350,000 SCMLS
• 2025-04-16 Listed $360,000 SCMLS
• 2002-03-05 Sold (Public Records) $84,000 Public Records
• 1991-12-01 Sold (Public Records) $13,800 Public Records

Property tax history

+15.2%/yr

Latest (2025): $3,506 · +3598.2% YoY. Source: county tax records.