518 Poplar St SE · Palm Bay, FL 32909

$299,900

3 bd · 2.0 ba · 1,443 sqft · Land · 51 Days on market

Built 2026 10,019 sqft lot

---

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
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.8/10.0

Listing remarks MLS

Welcome to The Violet - Stylish, Comfortable Living Step inside The Violet, a beautifully designed 3-bedroom home featuring an impressive formal entryway that sets the tone for this inviting space. The open floor plan seamlessly connects the fully equipped kitchen-complete with a large island perfect for cooking and entertaining-to the cozy family room and adjacent dining nook. With 1,443 finished square feet, this home offers a smart layout ideal for those downsizing or starting their family. The private owner's suite boasts a spacious walk-in closet and a luxurious owner bathroom, while two additional bedrooms are conveniently located at the front of the home and share a second full bathroom. The Violet also includes a 2-car garage, designed to comfortably fit two vehicles or one vehicle plus a workbench or storage space to suit your needs. Make your new home uniquely yours by selecting from customizable color packages tailored to your personal style. Schedule a tour today with one of our representatives and visit our model home to discover why Maronda Homes is the builder for you!

Key facts

• Dual vanities
• Open-concept kitchen
• Walk-in shower

Tags

• OPEN-CONCEPT KITCHEN
• EXTENDED REAR PATIO
• PRIVATE OWNER'S SUITE
• GENEROUS WALK-IN CLOSET
• DUAL VANITIES
• WALK-IN SHOWER

Property features AI

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Aerobic septic system; Cable available
• Home design: Single family residence; One-story; North-facing; New construction
• Construction: Block and stucco construction; Shingle roof
• Exterior features: Patio just off the great room (concrete flooring); Storm shutters; Patio access from dining room and great room; Paved road access

Interior

• Kitchen: Island; Pantry; Microwave; Dishwasher; Electric range
• Bedrooms: 3 bedrooms — all on the first floor; Primary bedroom: ensuite with shower, dual sinks, walk-in closet, carpet and ceramic tile flooring; Bedroom 2: built-in closet, carpet flooring; Bedroom 3: built-in closet, carpet flooring
• Flooring: Carpet in bedrooms; Tile (ceramic) in main living areas, kitchen, dining and great room
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Open floorplan with eat-in kitchen and kitchen island; Entrance foyer; Pantry; Primary bathroom with shower (no tub); Primary suite on the main level; Smart home features including a smart thermostat; Split bedroom layout; Walk-in closet(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $300k.

Deal economics

• At list price, monthly cash flow is $-353 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (17.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (27.4% below list).
• Recommended offer: $218k (27.4% 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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% 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); 1111 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 33% 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 $32k of equity ($2k loan paydown + $30k 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 ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y 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 $25k; list at $300k implies a 1100% 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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,646 (27.4% 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 51 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.73% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.05%
• DSCR: 0.78
• GRM: 11.5

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: 20.9%
• Equity multiple: 2.70×
• Total profit: $142,352
• Equity at exit: $270,174

10-year hold

• IRR: 19.1%
• Equity multiple: 6.24×
• Total profit: $440,035
• Equity at exit: $582,640

Cash invested: $83,972 (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: 1111
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $2,176 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-353

Break-even live

Break-even rent $2,623

Max offer price $248,800

Occupancy floor —

Sensitivity live

Price	-10% $-146	-5% $-250	+0% $-353	+5% $-457	+10% $-560
Rent	-10% $-525	-5% $-439	+0% $-353	+5% $-267	+10% $-181
Rate	-1.0pp $-202	-0.5pp $-277	base $-353	+0.5pp $-431	+1.0pp $-510

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	24d	1	0.15mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	14d	1	0.19mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	13d	1	0.38mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	14d	1	0.44mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	13d	1	0.47mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	0.54mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	14d	1	0.57mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.62mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	21d	1	0.65mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.73mi
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	24d	1	0.79mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	0.96mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	14d	1	1.10mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	14d	1	1.10mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	24d	1	1.14mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	24d	1	1.23mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	24d	1	1.26mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	24d	1	1.37mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	1.39mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	14d	1	1.47mi

Listing history 28 events

1. 2026-06-18
   days on market $299,900 Active 51 DOM
2. 2026-06-17
   days on market $299,900 Active 50 DOM
3. 2026-06-16
   days on market $299,900 Active 49 DOM
4. 2026-06-15
   days on market $299,900 Active 48 DOM
5. 2026-06-14
   days on market $299,900 Active 46 DOM
6. 2026-06-10
   days on market $299,900 Active 43 DOM
7. 2026-06-08
   days on market $299,900 Active 41 DOM
8. 2026-06-07
   days on market $299,900 Active 40 DOM
9. 2026-06-05
   days on market $299,900 Active 37 DOM
10. 2026-06-03
    days on market $299,900 Active 36 DOM
11. 2026-06-02
    days on market $299,900 Active 35 DOM
12. 2026-06-01
    days on market $299,900 Active 34 DOM
13. 2026-05-31
    days on market $299,900 Active 33 DOM
14. 2026-05-31
    days on market $299,900 Active 32 DOM
15. 2026-04-28
    listed $299,900 Active 1100-char remark

    Show marketing remark (1100 chars)

    Welcome to The Violet - Stylish, Comfortable Living Step inside The Violet, a beautifully designed 3-bedroom home featuring an impressive formal entryway that sets the tone for this inviting space. The open floor plan seamlessly connects the fully equipped kitchen-complete with a large island perfect for cooking and entertaining-to the cozy family room and adjacent dining nook. With 1,443 finished square feet, this home offers a smart layout ideal for those downsizing or starting their family. The private owner's suite boasts a spacious walk-in closet and a luxurious owner bathroom, while two additional bedrooms are conveniently located at the front of the home and share a second full bathroom. The Violet also includes a 2-car garage, designed to comfortably fit two vehicles or one vehicle plus a workbench or storage space to suit your needs. Make your new home uniquely yours by selecting from customizable color packages tailored to your personal style. Schedule a tour today with one of our representatives and visit our model home to discover why Maronda Homes is the builder for you!

16. 2026-04-28
    listed $299,900 Active

    Show marketing remark (1100 chars)

    Welcome to The Violet - Stylish, Comfortable Living Step inside The Violet, a beautifully designed 3-bedroom home featuring an impressive formal entryway that sets the tone for this inviting space. The open floor plan seamlessly connects the fully equipped kitchen-complete with a large island perfect for cooking and entertaining-to the cozy family room and adjacent dining nook. With 1,443 finished square feet, this home offers a smart layout ideal for those downsizing or starting their family. The private owner's suite boasts a spacious walk-in closet and a luxurious owner bathroom, while two additional bedrooms are conveniently located at the front of the home and share a second full bathroom. The Violet also includes a 2-car garage, designed to comfortably fit two vehicles or one vehicle plus a workbench or storage space to suit your needs. Make your new home uniquely yours by selecting from customizable color packages tailored to your personal style. Schedule a tour today with one of our representatives and visit our model home to discover why Maronda Homes is the builder for you!

17. 2026-02-27
    soldstatus $25,000 Closed 365-char remark

    Show marketing remark (365 chars)

    Tucked away on a quiet street in Palm Bay's Port Malabar neighborhood, is YOUR blank canvas on nearly a quarter-acre of Florida sunshine. Whether you're dreaming of building your future home or investing in a growing area, this lot offers peace, potential, and proximity to everything that makes the Space Coast shine Let's make a deal before you run out of time!!!

18. 2026-02-24
    soldstatus $25,000
19. 2026-02-23
    historical Active Under Contract 365-char remark

    Show marketing remark (365 chars)

    Tucked away on a quiet street in Palm Bay's Port Malabar neighborhood, is YOUR blank canvas on nearly a quarter-acre of Florida sunshine. Whether you're dreaming of building your future home or investing in a growing area, this lot offers peace, potential, and proximity to everything that makes the Space Coast shine Let's make a deal before you run out of time!!!

20. 2026-01-01
    historical

    Show marketing remark (365 chars)

    Tucked away on a quiet street in Palm Bay's Port Malabar neighborhood, is YOUR blank canvas on nearly a quarter-acre of Florida sunshine. Whether you're dreaming of building your future home or investing in a growing area, this lot offers peace, potential, and proximity to everything that makes the Space Coast shine Let's make a deal before you run out of time!!!

21. 2026-01-01
    listed $39,000 Active 365-char remark

    Show marketing remark (365 chars)

    Tucked away on a quiet street in Palm Bay's Port Malabar neighborhood, is YOUR blank canvas on nearly a quarter-acre of Florida sunshine. Whether you're dreaming of building your future home or investing in a growing area, this lot offers peace, potential, and proximity to everything that makes the Space Coast shine Let's make a deal before you run out of time!!!

22. 2025-06-23
    listed $55,000 Active
23. 2025-06-23
    listed $55,000 Active
24. 2022-05-02
    historical
25. 2022-03-02
    listed $35,000 Active
26. 2004-11-12
    soldstatus $30,750
27. 2004-10-23
    listed $31,900
28. 2004-09-17
    soldstatus $34,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 18 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: $26,118
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,089
• − Management: −$2,089
• − Depreciation: −$8,724
• Taxable loss: −$9,583
• Est. tax savings @ 24.0%: +$2,300
• After-tax cash flow: $-1,938/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

+782.1% since first listed

14 events — show timeline

• 2026-04-28 Listed $299,900 Zillow
• 2026-04-28 Listed $299,900 SCMLS
• 2026-02-27 Sold (MLS) $25,000 Beaches MLS
• 2026-02-24 Sold (Public Records) $25,000 Public Records
• 2026-02-23 Contingent — Beaches MLS
• 2026-01-01 Listing Removed — Beaches MLS
• 2026-01-01 Listed $39,000 Beaches MLS
• 2025-06-23 Listed $55,000 RAIRCMLS
• 2025-06-23 Listed $55,000 Beaches MLS
• 2022-05-02 Listing Removed — SCMLS
• 2022-03-02 Listed $35,000 SCMLS
• 2004-11-12 Sold (MLS) $30,750 SCMLS
• 2004-10-23 Listed $31,900 SCMLS
• 2004-09-17 Sold (Public Records) $34,000 Public Records

Property tax history

+13.7%/yr

Latest (2025): $348 · +9.0% YoY. Source: county tax records.