200 Holiday Park Blvd NE · Palm Bay, FL 32907

$108,200

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 108 Days on market

Built 1972 4,792 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

OWNERS HAVE DECIDED TO KEEP THIS AFFORDABLE & PLEASANT HOME! This is a 2br/2ba split plan home with an enclosed porch AND a Florida Room allowing for tons of space for entertaining guests escaping winter. Or, perhaps it would make a good home for the senior looking to downsize into a gated & deed restricted community? Either way, this home has the amenities & room to provide for both. The kitchen has a dishwasher & all appliances stay--including the washer & dryer. This home comes furnished too!

Key facts

• Wood look flooring
• 2 pools
• Step in showers

Tags

• STAINLESS STEEL APPLIANCES
• UPDATED WHITE CABINETS
• WOOD LOOK FLOORING
• STEP IN SHOWERS
• GATED ADULT COMMUNITY
• 2 POOLS

Property features AI

Finance

• Other: Located in a senior community
• HOA & community: Part of Port Malabar Holiday Park association; Association fees include cable TV and internet; Association amenities: Cable TV, Clubhouse, Gated community, Laundry, Grounds maintenance, Developer/management, Full-time management; Association fee: $5 annually (additional fee frequency listed as monthly as well)

Exterior

• Parking: Carport (1 space)
• Security: Gated community
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured home; Faces southwest; Single-family use
• Construction: Other construction materials
• Exterior features: Asphalt road frontage; Lot features: Other

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Negotiable furnishings
• Laundry & utility: Laundry available (community/association amenity listed)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $108k.

Deal economics

• At list price, monthly cash flow is $505 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $108k).
• Recommended offer: $98k (9.0% below list) — sets the bar for market timing.

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; 2 comparable units currently listed for rent nearby; solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $748 of loan paydown is wiped out by about $3k 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 $30k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $17k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $108k implies a 286% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $98,462 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
7. 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.
8. 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: 1.68% ✓
• Cap rate: 11.89%
• Cash-on-cash: 20.00%
• DSCR: 1.89
• GRM: 4.9

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: 9.5%
• Equity multiple: 1.36×
• Total profit: $11,057
• Equity at exit: $16,133

10-year hold

• IRR: 16.7%
• Equity multiple: 2.22×
• Total profit: $36,987
• Equity at exit: $9,355

Cash invested: $30,296 (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: 4.9×

Monthly cashflow live

• Estimated rent: $1,822 medium
• Mortgage (P&I): −$567
• Tax from tax record: −$322 /mo · $3,866/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $505

Break-even live

Break-even rent $1,183

Max offer price $108,200

Occupancy floor 67%

Sensitivity live

Price	-10% $566	-5% $536	+0% $505	+5% $474	+10% $444
Rent	-10% $361	-5% $433	+0% $505	+5% $577	+10% $649
Rate	-1.0pp $560	-0.5pp $533	base $505	+0.5pp $477	+1.0pp $448

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: $27,050
• Closing costs: $3,246
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	15d	17	0.77mi
1698 Sunny Brook Ln NE Unit G109 Palm Bay, FL	1.0	1.0	658	$1,200	$1.82	19d	1	1.32mi

Listing history 24 events

1. 2026-06-18
   days on market $108,200 Active 108 DOM
2. 2026-06-17
   days on market $108,200 Active 107 DOM
3. 2026-06-16
   days on market $108,200 Active 106 DOM
4. 2026-06-15
   days on market $108,200 Active 105 DOM
5. 2026-06-14
   days on market $108,200 Active 103 DOM
6. 2026-06-10
   days on market $108,200 Active 100 DOM
7. 2026-06-08
   days on market $108,200 Active 98 DOM
8. 2026-06-07
   days on market $108,200 Active 97 DOM
9. 2026-06-05
   days on market $108,200 Active 94 DOM
10. 2026-06-03
    days on market $108,200 Active 93 DOM
11. 2026-06-02
    days on market $108,200 Active 92 DOM
12. 2026-06-01
    days on market $108,200 Active 91 DOM
13. 2026-05-31
    days on market $108,200 Active 90 DOM
14. 2026-05-31
    days on market $108,200 Active 89 DOM
15. 2026-05-14
    price $108,200
16. 2026-04-20
    price $111,111
17. 2026-03-30
    price $114,900
18. 2026-03-16
    price $119,900
19. 2026-03-02
    listed $124,900 Active
20. 2013-02-22
    historical 530-char remark

    Show marketing remark (530 chars)

    OWNERS HAVE DECIDED TO KEEP THIS AFFORDABLE & PLEASANT HOME! This is a 2br/2ba split plan home with an enclosed porch AND a Florida Room allowing for tons of space for entertaining guests escaping winter. Or, perhaps it would make a good home for the senior looking to downsize into a gated & deed restricted community? Either way, this home has the amenities & room to provide for both. The kitchen has a dishwasher & all appliances stay--including the washer & dryer. This home comes furnished too!

21. 2013-02-08
    listed $29,900 530-char remark

    Show marketing remark (530 chars)

    OWNERS HAVE DECIDED TO KEEP THIS AFFORDABLE & PLEASANT HOME! This is a 2br/2ba split plan home with an enclosed porch AND a Florida Room allowing for tons of space for entertaining guests escaping winter. Or, perhaps it would make a good home for the senior looking to downsize into a gated & deed restricted community? Either way, this home has the amenities & room to provide for both. The kitchen has a dishwasher & all appliances stay--including the washer & dryer. This home comes furnished too!

22. 2005-03-16
    soldstatus $28,000 88-char remark

    Show marketing remark (88 chars)

    SINGLE-WIDE BEING SOLD ``AS IS`` FOR LAND VALUE ONLY. OWNER THINKS DOUBLE-WIDE WILL FIT.

23. 2005-01-17
    listed $30,000 88-char remark

    Show marketing remark (88 chars)

    SINGLE-WIDE BEING SOLD ``AS IS`` FOR LAND VALUE ONLY. OWNER THINKS DOUBLE-WIDE WILL FIT.

24. 1976-05-01
    soldstatus $15,000

ⓘ 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: $3,866 · $322/mo
• Projected year-2 tax: $3,866 · $322/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 17 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: $21,869
• − Mortgage interest: −$6,061
• − Property taxes: −$3,866
• − Insurance: −$541
• − Repairs & maintenance: −$1,750
• − Management: −$1,750
• − Depreciation: −$3,148
• Taxable income: $4,754
• Est. tax owed @ 24.0%: −$1,141
• After-tax cash flow: $4,920/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

+621.3% since first listed

10 events — show timeline

• 2026-05-14 Price Changed $108,200 SCMLS
• 2026-04-20 Price Changed $111,111 SCMLS
• 2026-03-30 Price Changed $114,900 SCMLS
• 2026-03-16 Price Changed $119,900 SCMLS
• 2026-03-02 Listed $124,900 SCMLS
• 2013-02-22 Listing Removed — SCMLS
• 2013-02-08 Listed $29,900 SCMLS
• 2005-03-16 Sold (MLS) $28,000 SCMLS
• 2005-01-17 Listed $30,000 SCMLS
• 1976-05-01 Sold (Public Records) $15,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $3,866 · +7.0% YoY. Source: county tax records.