3920 Foggy Mist Rd SE · Palm Bay, FL 32909

$360,000

4 bd · 2.0 ba · 1,918 sqft · SingleFamily public records · 431 Days on market

Built 2022 6,098 sqft lot $78/mo HOA · 3% of rent ↓ 2% 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 +6.4/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.7/10.0

Listing remarks MLS

Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. 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 July/August.

Key facts

• Nearby bus services
• 6,098 sq ft lot
• 2 garage spots

Tags

• NEARBY BUS SERVICES
• EQUIPPED WITH SOLAR PANELS

Property features AI

Finance

• Other: Homestead exemption applied; Green features include solar energy and efficient appliances, insulation, thermostat, and water heater; Indoor air quality uses MERV 10+ filters
• Financial info: No lease restrictions indicated
• HOA & community: Has HOA (Access Residential Management LLC); Quarterly association fee ($235); Monthly equivalent HOA approximately $78.33; Full-time community management; Pets allowed (cats and dogs permitted)

Exterior

• Parking: Attached 2-car garage
• Security: Fire alarm; Gated community; Security gate; Owned security system; Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water and sewer available/connected
• Home design: Single-family residence; One-story; North-facing
• Construction: Block, concrete, stone, and stucco construction; Shingle roof; Block foundation; Completed condition; Built with some solar energy components
• Exterior features: Covered patio/porch; Sliding doors; Metered sprinkler/irrigation system; Private maintained asphalt road; Canal view with pond access; Lot approximately 0.14 acres

Interior

• Kitchen: Convection oven; Dishwasher; Disposal; Freezer; Microwave; Range hood; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Kitchen and family room combined; Living room and dining room combined; Open floorplan; Stone countertops; Thermostat; Walk-in closets; Window treatments
• Laundry & utility: Dedicated laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-626 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (30.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $241k (33.1% below list).
• Recommended offer: $241k (33.1% 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; 15 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 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 $38k of equity ($2k loan paydown + $36k 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 ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 431 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $32k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 4→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $240,940 (33.1% 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 431 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: 0.67% ✗
• Cap rate: 4.20%
• Cash-on-cash: -7.46%
• DSCR: 0.67
• GRM: 12.5

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: 19.2%
• Equity multiple: 2.57×
• Total profit: $157,866
• Equity at exit: $324,317

10-year hold

• IRR: 17.8%
• Equity multiple: 5.96×
• Total profit: $499,797
• Equity at exit: $699,401

Cash invested: $100,800 (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: 12.5×

Monthly cashflow live

• Estimated rent: $2,409 high
• Mortgage (P&I): −$1,888
• Tax from tax record: −$414 /mo · $4,968/yr
• Insurance: −$150
• HOA: −$78
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $-626

Break-even live

Break-even rent $3,202

Max offer price $249,340

Occupancy floor —

Sensitivity live

Price	-10% $-423	-5% $-525	+0% $-626	+5% $-728	+10% $-830
Rent	-10% $-817	-5% $-722	+0% $-626	+5% $-531	+10% $-436
Rate	-1.0pp $-445	-0.5pp $-535	base $-626	+0.5pp $-720	+1.0pp $-815

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: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	25d	1	0.44mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	25d	1	0.45mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	25d	1	0.54mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	25d	1	0.56mi
3517 Rixford Way SE Palm Bay, FL	4.0	3.0	2562	$2,800	$1.09	25d	1	0.65mi
1566 Criswell Ln SE Palm Bay, FL	4.0	2.0	2046	$2,400	$1.17	25d	1	0.95mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	25d	1	0.95mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	15d	1	0.99mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	21d	1	1.03mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	1.11mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	1.16mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	21d	1	1.17mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	15d	1	1.21mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	25d	1	1.38mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	1.39mi

HOA detail

• Monthly dues: $78 · $936/yr

Listing history 22 events

1. 2026-06-22
   days on market $360,000 Active 431 DOM
2. 2026-06-18
   days on market $360,000 Active 428 DOM
3. 2026-06-17
   days on market $360,000 Active 427 DOM
4. 2026-06-16
   days on market $360,000 Active 426 DOM
5. 2026-06-15
   days on market $360,000 Active 425 DOM
6. 2026-06-14
   days on market $360,000 Active 423 DOM
7. 2026-06-10
   days on market $360,000 Active 420 DOM
8. 2026-06-08
   days on market $360,000 Active 418 DOM
9. 2026-06-07
   days on market $360,000 Active 417 DOM
10. 2026-06-05
    days on market $360,000 Active 414 DOM
11. 2026-06-03
    days on market $360,000 Active 413 DOM
12. 2026-06-02
    days on market $360,000 Active 412 DOM
13. 2026-06-01
    days on market $360,000 Active 411 DOM
14. 2026-05-31
    days on market $360,000 Active 410 DOM
15. 2026-05-31
    days on market $360,000 Active 409 DOM
16. 2026-04-16
    status Active
17. 2026-04-01
    historical
18. 2025-08-22
    price $360,000
19. 2025-04-01
    listed $392,000 Active
20. 2022-08-15
    soldstatus $366,835 Closed 432-char remark

    Show marketing remark (432 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. 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 July/August.

21. 2022-02-28
    historical Contingent 432-char remark

    Show marketing remark (432 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. 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 July/August.

22. 2022-02-24
    listed $366,835 Active 432-char remark

    Show marketing remark (432 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. 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 July/August.

ⓘ 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: $4,968 · $414/mo
• Projected year-2 tax: $4,968 · $414/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 7/10 Severe
• 🌡 Heat 9/10 Extreme 4 d/yr ≥106°F today · 12 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: $28,913
• − Mortgage interest: −$20,166
• − Property taxes: −$4,968
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,313
• − Management: −$2,313
• − HOA: −$936
• − Depreciation: −$10,473
• Taxable loss: −$14,055
• Est. tax savings @ 24.0%: +$3,373
• After-tax cash flow: $-4,144/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

-1.9% since first listed

7 events — show timeline

• 2026-04-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-22 Price Changed $360,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-01 Listed $392,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-15 Sold (MLS) $366,835 SCMLS
• 2022-02-28 Contingent — SCMLS
• 2022-02-24 Listed $366,835 SCMLS

Property tax history

+74.6%/yr

Latest (2025): $4,968 · +2.3% YoY. Source: county tax records.