364 Paigo St SE · Palm Bay, FL 32909

$270,000

2 bd · 2.0 ba · 1,239 sqft · Land · 114 Days on market

Built 2026 10,454 sqft lot

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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).

• Cash flow +11.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +3.4/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0

Listing remarks MLS

Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that's ideal for entertaining without the need for traditional "formal" living and dining rooms. Designed with your savings in mind, the Bamboo floorplan comes with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances including an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide the perfect canvas for you to personalize and transform this house into your dream home. Rest assured that this home is built to the highest standards of quality. Constructed using CBS (Concrete Block System), it boasts energy-smart features throughout, including a digital thermostat, a heating, ventilation and A/C system, a roof vent and soffit for attic venting, an insulated fiberglass entrance door, and dual-pane energy-efficient windows. Additionally, the Bamboo floorplan comes with a full year of transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.

Key facts

• 0.24 acre lot
• Garage
• Built 2026

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Security: Smoke detector(s)
• Utilities: Septic tank; Electricity connected; Cable available; Water-smart landscaping
• Home design: Single family residence; One story; Faces northwest; New construction
• Construction: Block, concrete, and stucco construction; Shingle roof
• Exterior features: Storm shutters; Cleared lot; Asphalt road access

Interior

• Kitchen: Dishwasher; Electric range
• Bedrooms: 2 bedrooms (primary on the first floor)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Attic fan; Thermostat (energy efficient feature)
• Interior features: Open floorplan; Breakfast bar; Pantry; Primary bathroom with shower (no tub); Primary bedroom on the main floor; Walk-in closet(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $270k.

Deal economics

• At list price, monthly cash flow is $-91 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (30.3% below list).
• Recommended offer: $188k (30.3% 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); 1123 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $29k of equity ($2k loan paydown + $27k 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 ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 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 $38k; list at $270k implies a 611% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,072 (30.3% 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 114 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.70% ✗
• Cap rate: 5.89%
• Cash-on-cash: -1.45%
• DSCR: 0.94
• GRM: 12.0

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: 23.4%
• Equity multiple: 2.88×
• Total profit: $142,355
• Equity at exit: $243,237

10-year hold

• IRR: 21.0%
• Equity multiple: 6.64×
• Total profit: $426,156
• Equity at exit: $524,551

Cash invested: $75,600 (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: 12.0×

Monthly cashflow live

• Estimated rent: $1,881 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$49 /mo · $585/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-91

Break-even live

Break-even rent $1,996

Max offer price $253,854

Occupancy floor 100%

Sensitivity live

Price	-10% $61	-5% $-15	+0% $-91	+5% $-168	+10% $-567
Rent	-10% $-240	-5% $-166	+0% $-91	+5% $-17	+10% $57
Rate	-1.0pp $45	-0.5pp $-23	base $-91	+0.5pp $-161	+1.0pp $-233

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	25d	1	0.13mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.18mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.99mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	16d	1	1.09mi

Listing history 21 events

1. 2026-06-22
   pricestatusdays on market $270,000 Pending 114 DOM
2. 2026-06-18
   days on market $279,990 Active 113 DOM
3. 2026-06-17
   days on market $279,990 Active 112 DOM
4. 2026-06-16
   days on market $279,990 Active 111 DOM
5. 2026-06-15
   days on market $279,990 Active 110 DOM
6. 2026-06-14
   days on market $279,990 Active 108 DOM
7. 2026-06-10
   days on market $279,990 Active 105 DOM
8. 2026-06-08
   days on market $279,990 Active 103 DOM
9. 2026-06-07
   days on market $279,990 Active 102 DOM
10. 2026-06-05
    days on market $279,990 Active 99 DOM
11. 2026-06-03
    days on market $279,990 Active 98 DOM
12. 2026-06-02
    days on market $279,990 Active 97 DOM
13. 2026-06-01
    days on market $279,990 Active 96 DOM
14. 2026-05-31
    days on market $279,990 Active 95 DOM
15. 2026-05-31
    days on market $279,990 Active 94 DOM
16. 2026-02-26
    status Active 1360-char remark

    Show marketing remark (1360 chars)

    Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that's ideal for entertaining without the need for traditional "formal" living and dining rooms. Designed with your savings in mind, the Bamboo floorplan comes with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances including an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide the perfect canvas for you to personalize and transform this house into your dream home. Rest assured that this home is built to the highest standards of quality. Constructed using CBS (Concrete Block System), it boasts energy-smart features throughout, including a digital thermostat, a heating, ventilation and A/C system, a roof vent and soffit for attic venting, an insulated fiberglass entrance door, and dual-pane energy-efficient windows. Additionally, the Bamboo floorplan comes with a full year of transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.

17. 2026-02-25
    historical 1360-char remark

    Show marketing remark (1360 chars)

    Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that's ideal for entertaining without the need for traditional "formal" living and dining rooms. Designed with your savings in mind, the Bamboo floorplan comes with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances including an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide the perfect canvas for you to personalize and transform this house into your dream home. Rest assured that this home is built to the highest standards of quality. Constructed using CBS (Concrete Block System), it boasts energy-smart features throughout, including a digital thermostat, a heating, ventilation and A/C system, a roof vent and soffit for attic venting, an insulated fiberglass entrance door, and dual-pane energy-efficient windows. Additionally, the Bamboo floorplan comes with a full year of transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.

18. 2026-02-25
    listed $279,990 Active

    Show marketing remark (1360 chars)

    Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that's ideal for entertaining without the need for traditional "formal" living and dining rooms. Designed with your savings in mind, the Bamboo floorplan comes with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances including an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide the perfect canvas for you to personalize and transform this house into your dream home. Rest assured that this home is built to the highest standards of quality. Constructed using CBS (Concrete Block System), it boasts energy-smart features throughout, including a digital thermostat, a heating, ventilation and A/C system, a roof vent and soffit for attic venting, an insulated fiberglass entrance door, and dual-pane energy-efficient windows. Additionally, the Bamboo floorplan comes with a full year of transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.

19. 2026-02-20
    listed $279,990 Active 1360-char remark

    Show marketing remark (1360 chars)

    Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that's ideal for entertaining without the need for traditional "formal" living and dining rooms. Designed with your savings in mind, the Bamboo floorplan comes with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances including an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide the perfect canvas for you to personalize and transform this house into your dream home. Rest assured that this home is built to the highest standards of quality. Constructed using CBS (Concrete Block System), it boasts energy-smart features throughout, including a digital thermostat, a heating, ventilation and A/C system, a roof vent and soffit for attic venting, an insulated fiberglass entrance door, and dual-pane energy-efficient windows. Additionally, the Bamboo floorplan comes with a full year of transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.

20. 2024-08-08
    soldstatus $38,000
21. 2002-10-17
    soldstatus $5,800

ⓘ 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: $585 · $49/mo
• Projected year-2 tax: $2,241 · $187/mo
• Expected delta: +$1,656/yr (+$138/mo · 283.0%)

ⓘ 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 9/10 Extreme 7 d/yr ≥106°F today · 20 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: $22,569
• − Mortgage interest: −$15,124
• − Property taxes: −$585
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$7,855
• Taxable loss: −$5,956
• Est. tax savings @ 24.0%: +$1,429
• After-tax cash flow: $333/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

+4727.4% since first listed

6 events — show timeline

• 2026-02-26 Relisted — Zillow
• 2026-02-25 Delisted — Zillow
• 2026-02-25 Listed $279,990 SCMLS
• 2026-02-20 Listed $279,990 Zillow
• 2024-08-08 Sold (Public Records) $38,000 Public Records
• 2002-10-17 Sold (Public Records) $5,800 Public Records

Property tax history

+19.2%/yr

Latest (2025): $585 · +107.0% YoY. Source: county tax records.