762 Ashley Ave SE · Palm Bay, FL 32909

$229,900

3 bd · 2.0 ba · 1,587 sqft · SingleFamily public records · 26 Days on market

Built 1981 10,019 sqft lot

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Why this score? — see what drove the C+ 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 +21.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Schools +4.7/10.0
• 1% rule +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

SELLER TO CREDIT $2000 FOR CLOSING COST. .Freshly painted inside and outside. New carpet in bedrooms, family room and living room. This lovely home has nice big rooms, open floor plan, huge screened back porch, eat-in kitchen, all appliances stay, even the washer and dryer. Inside laundry room a plus. Master bedroom has two walk-in closets. Security door, window treatments, big picture window in formal living room, security system owned. This home is in great shape and ready to move right in.

Key facts

• Electric heating
• 2003 roof
• Classic finishes

Tags

• ELECTRIC HEATING
• WELL WATER
• SEPTIC TANK
• KITCHEN APPLIANCES INCLUDED
• 2003 ROOF
• CLASSIC FINISHES

Property features AI

Exterior

• Parking: Attached garage; Two garage spaces
• Utilities: Septic tank sewer; Other utilities
• Home design: Single family residence
• Construction: Stucco construction
• Exterior features: Lot includes other features; East-facing property

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: Three bedrooms — all on the main level
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Five total rooms; Unfurnished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (6.7% below list).
• Recommended offer: $215k (6.7% 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: John F. Turner Senior Elementary School (math 38% / reading 43%, grade F, #1,471 of 2,144 statewide, top 69%, 543 students, 69% 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 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 55% district-wide (-18 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; 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).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $64k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $136k; list at $230k implies a 69% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,587 (6.7% below list)

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: 0.93% ✗
• Cap rate: 8.04%
• Cash-on-cash: 6.24%
• DSCR: 1.28
• GRM: 8.9

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: 29.0%
• Equity multiple: 3.30×
• Total profit: $147,885
• Equity at exit: $207,112

10-year hold

• IRR: 25.4%
• Equity multiple: 7.55×
• Total profit: $421,548
• Equity at exit: $446,645

Cash invested: $64,372 (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: 8.9×

Monthly cashflow live

• Estimated rent: $2,146 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $335

Break-even live

Break-even rent $1,722

Max offer price $229,900

Occupancy floor 79%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	23d	1	0.26mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	23d	1	0.39mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	14d	8	0.57mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	14d	1	0.64mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	23d	1	0.66mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	21d	1	0.66mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	23d	1	0.70mi
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	14d	1	0.72mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	14d	30	0.73mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	23d	1	0.80mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	23d	1	0.83mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	19d	1	0.94mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	19d	1	0.95mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	0.98mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	19d	1	0.98mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	1.08mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	23d	1	1.14mi
1210 Vandalia Ave SE Palm Bay, FL	4.0	2.0	1833	$2,050	$1.12	14d	1	1.18mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	14d	1	1.19mi
1290 Sail Ct SE Palm Bay, FL	3.0	2.0	1509	$1,945	$1.29	23d	1	1.19mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	23d	1	1.20mi
1224 Buffing Cir SE Palm Bay, FL	4.0	2.0	2233	$2,395	$1.07	14d	1	1.23mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	23d	1	1.24mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	23d	1	1.25mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	23d	1	1.25mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	23d	1	1.27mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	23d	1	1.30mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	14d	1	1.33mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	14d	1	1.42mi

Listing history 23 events

1. 2026-06-17
   days on market $229,900 Active 26 DOM
2. 2026-06-16
   days on market $229,900 Active 25 DOM
3. 2026-06-15
   days on market $229,900 Active 24 DOM
4. 2026-06-14
   days on market $229,900 Active 22 DOM
5. 2026-06-10
   days on market $229,900 Active 19 DOM
6. 2026-06-08
   days on market $229,900 Active 17 DOM
7. 2026-06-07
   days on market $229,900 Active 16 DOM
8. 2026-06-05
   days on market $229,900 Active 13 DOM
9. 2026-06-03
   days on market $229,900 Active 12 DOM
10. 2026-06-02
    days on market $229,900 Active 11 DOM
11. 2026-06-01
    days on market $229,900 Active 10 DOM
12. 2026-05-31
    days on market $229,900 Active 9 DOM
13. 2026-05-31
    days on market $229,900 Active 8 DOM
14. 2026-05-22
    listed $239,900 Active
15. 2016-08-16
    historical 497-char remark

    Show marketing remark (497 chars)

    SELLER TO CREDIT $2000 FOR CLOSING COST. .Freshly painted inside and outside. New carpet in bedrooms, family room and living room. This lovely home has nice big rooms, open floor plan, huge screened back porch, eat-in kitchen, all appliances stay, even the washer and dryer. Inside laundry room a plus. Master bedroom has two walk-in closets. Security door, window treatments, big picture window in formal living room, security system owned. This home is in great shape and ready to move right in.

16. 2007-11-08
    soldstatus $136,000
17. 2007-11-06
    soldstatus $136,000 277-char remark

    Show marketing remark (277 chars)

    ALMOST 1600sf HOME AT A FANTASTIC PRICE! Partially tiled, part laminate, and part carpeting; all new. Front & Rear screened porches and a fenced yard to boot. Fans in every room! All appliances here including washer & dryer & built-in microwave. Just move in.

18. 2007-08-14
    listed $139,900 277-char remark

    Show marketing remark (277 chars)

    ALMOST 1600sf HOME AT A FANTASTIC PRICE! Partially tiled, part laminate, and part carpeting; all new. Front & Rear screened porches and a fenced yard to boot. Fans in every room! All appliances here including washer & dryer & built-in microwave. Just move in.

19. 2007-05-09
    listed $157,000 497-char remark

    Show marketing remark (497 chars)

    SELLER TO CREDIT $2000 FOR CLOSING COST. .Freshly painted inside and outside. New carpet in bedrooms, family room and living room. This lovely home has nice big rooms, open floor plan, huge screened back porch, eat-in kitchen, all appliances stay, even the washer and dryer. Inside laundry room a plus. Master bedroom has two walk-in closets. Security door, window treatments, big picture window in formal living room, security system owned. This home is in great shape and ready to move right in.

20. 2007-02-05
    soldstatus $110,000
21. 1991-01-30
    soldstatus $62,500
22. 1982-03-01
    soldstatus $57,900
23. 1982-02-01
    soldstatus $57,900

ⓘ 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: $708 · $59/mo
• Projected year-2 tax: $1,908 · $159/mo
• Expected delta: +$1,201/yr (+$100/mo · 169.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $25,750
• − Mortgage interest: −$12,878
• − Property taxes: −$708
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − Depreciation: −$6,688
• Taxable income: $207
• Est. tax owed @ 24.0%: −$50
• After-tax cash flow: $3,969/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

+314.3% since first listed

10 events — show timeline

• 2026-05-22 Listed $239,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2007-11-08 Sold (Public Records) $136,000 Public Records
• 2007-11-06 Sold (MLS) $136,000 SCMLS
• 2007-08-14 Listed $139,900 SCMLS
• 2007-05-09 Listed $157,000 SCMLS
• 2007-02-05 Sold (Public Records) $110,000 Public Records
• 1991-01-30 Sold (Public Records) $62,500 Public Records
• 1982-03-01 Sold (Public Records) $57,900 Public Records
• 1982-02-01 Sold (Public Records) $57,900 Public Records

Property tax history

-0.1%/yr

Latest (2025): $708 · +1.7% YoY. Source: county tax records.