586 Darien Ave SW · Palm Bay, FL 32908

$299,900

4 bd · 2.0 ba · 1,876 sqft · Land · 38 Days on market

Built 2026 10,019 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 +11.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +3.4/10.0
• 1% rule +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Palm Bay Building Site. Perfect site for a new home. Located on the West End of Palm Bay. New Publix and High School near by. Nice new homes in surrounding area.

Key facts

• Open floor plan
• Owner's bath
• Flex space

Tags

• OPEN FLOOR PLAN
• FLEX SPACE
• EXTENDED REAR PATIO
• WALK-IN CLOSET
• OWNER'S BATH
• SMART HOME FEATURES

Property features AI

Exterior

• Parking: Attached garage (2 spaces)
• Security: Smoke detectors
• Utilities: Aerobic septic system; Cable available; Electric water heater
• Home design: Single-family residence; One story; Faces east; New construction
• Construction: Block and stucco construction; Shingle roof; New construction
• Exterior features: Patio; Storm shutters; Extended patio off the flex space (concrete flooring)

Interior

• Kitchen: Island; Pantry; Dishwasher; Electric range; Microwave
• Bedrooms: 4 bedrooms, all on the first floor; Primary bedroom: ensuite with walk-in shower, dual sinks, walk-in closet (carpet and ceramic tile flooring); Bedroom 2: built-in closet (carpet); Bedroom 3: walk-in closet (carpet); Bedroom 4: built-in closet (carpet)
• Flooring: Carpet; Tile (ceramic in kitchen, great room and flex space)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Open floor plan; Eat-in kitchen; Entrance foyer; Kitchen island; Pantry; Primary bathroom with walk-in shower (no tub); Primary bedroom on main level; Smart home features including smart thermostat; Walk-in closets
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $300k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (4.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (16.7% below list).
• Recommended offer: $250k (16.7% 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: Jupiter Elementary School (math 41% / reading 42%, grade F, #1,437 of 2,144 statewide, top 68%, 732 students, 68% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL) — zoned schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• 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 (+1.3%/yr); 1020 active listings in the ZIP; 21 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).
• This rent runs 38% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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 $34k; list at $300k implies a 782% 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; moderate wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,761 (16.7% 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 38 days. Have you received any prior offers? Is the seller open to a 17% 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: 0.83% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.42%
• DSCR: 0.94
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -20.6%
• Equity multiple: 0.30×
• Total profit: $-59,117
• Equity at exit: $44,716

10-year hold

• IRR: -18.1%
• Equity multiple: 0.09×
• Total profit: $-76,232
• Equity at exit: $25,930

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 32908

• Home prices YoY: -10.4%
• Rents YoY: 1.3%
• Active inventory: 1020
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,498 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $-99

Break-even live

Break-even rent $2,623

Max offer price $285,512

Occupancy floor 99%

Sensitivity live

Price	-10% $108	-5% $4	+0% $-99	+5% $-203	+10% $-307
Rent	-10% $-297	-5% $-198	+0% $-99	+5% $-1	+10% $98
Rate	-1.0pp $52	-0.5pp $-23	base $-99	+0.5pp $-177	+1.0pp $-256

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 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
591 Darien Ave SW Palm Bay, FL	4.0	2.0	2076	$2,750	$1.32	24d	1	0.02mi
1215 Hastings Rd SW Palm Bay, FL	3.0	2.0	1294	$1,775	$1.37	20d	1	0.35mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1252	$1,800	$1.44	21d	1	0.52mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1350	$1,800	$1.33	24d	1	0.52mi
465 Birch Ave SW Palm Bay, FL	3.0	2.0	1252	$2,000	$1.60	24d	1	0.52mi
340 Wendover Rd SW Palm Bay, FL	4.0	2.0	2052	$2,200	$1.07	24d	1	0.69mi
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	24d	1	0.82mi
622 Papillon St SW Palm Bay, FL	5.0	2.5	2400	$2,450	$1.02	13d	1	0.94mi
746 Harriet Ave SW Palm Bay, FL	4.0	3.0	2155	$2,550	$1.18	24d	1	0.98mi
Town Rd SW Palm Bay, FL	3.0	2.0	1600	$1,995	$1.25	24d	1	0.99mi
1091 Wing Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.02mi
1850 Jupiter Blvd SW Unit 20 Palm Bay, FL	4.0	3.0	2203	$2,200	$1.00	24d	1	1.03mi
1357 Mineral Loop Dr NW Palm Bay, FL	3.0	2.0	1738	$2,150	$1.24	15d	1	1.09mi
436 Wimpole Ln SW Palm Bay, FL	4.0	2.0	1806	$2,300	$1.27	24d	1	1.14mi
1975 Diablo Cir SW Palm Bay, FL	4.0	2.0	1801	$2,800	$1.55	13d	1	1.16mi
1830 Diablo Cir SW Palm Bay, FL	3.0	2.0	1451	$1,995	$1.37	15d	1	1.18mi
263 Trilby Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	24d	1	1.28mi
1037 Garvey Rd SW Palm Bay, FL	4.0	3.0	1850	$2,516	$1.36	15d	1	1.34mi
191 Turk Rd SW Palm Bay, FL	4.0	2.0	1604	$2,485	$1.55	24d	1	1.35mi
1357 Sequoia Rd NW Palm Bay, FL	3.0	2.0	1874	$2,200	$1.17	24d	1	1.39mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	15d	1	1.41mi

Listing history 26 events

1. 2026-06-18
   days on market $299,900 Active 38 DOM
2. 2026-06-17
   days on market $299,900 Active 37 DOM
3. 2026-06-16
   days on market $299,900 Active 36 DOM
4. 2026-06-15
   days on market $299,900 Active 35 DOM
5. 2026-06-14
   days on market $299,900 Active 33 DOM
6. 2026-06-10
   days on market $299,900 Active 30 DOM
7. 2026-06-08
   days on market $299,900 Active 28 DOM
8. 2026-06-07
   days on market $299,900 Active 27 DOM
9. 2026-06-05
   days on market $299,900 Active 24 DOM
10. 2026-06-03
    days on market $299,900 Active 23 DOM
11. 2026-06-02
    days on market $299,900 Active 22 DOM
12. 2026-06-01
    days on market $299,900 Active 21 DOM
13. 2026-05-31
    days on market $299,900 Active 20 DOM
14. 2026-05-31
    days on market $299,900 Active 19 DOM
15. 2026-05-20
    status Pending 161-char remark

    Show marketing remark (161 chars)

    Palm Bay Building Site. Perfect site for a new home. Located on the West End of Palm Bay. New Publix and High School near by. Nice new homes in surrounding area.

16. 2026-05-19
    soldstatus $34,000 Closed 161-char remark

    Show marketing remark (161 chars)

    Palm Bay Building Site. Perfect site for a new home. Located on the West End of Palm Bay. New Publix and High School near by. Nice new homes in surrounding area.

17. 2026-05-11
    listed $299,900 Active
18. 2026-05-07
    status Active 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

19. 2026-05-07
    price $299,900 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

20. 2026-05-02
    historical 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

21. 2026-04-29
    listed $302,100 Active 1489-char remark

    Show marketing remark (1489 chars)

    Welcome to The Marigold - Elegant, Spacious Living Discover The Marigold in Melbourne, a charming and practical four-bedroom home designed with your family's comfort in mind. Enter through the modest front porch into a welcoming foyer that leads you past the bedrooms and into the impressive great room-a perfect space for relaxing and entertaining. The large eat-in kitchen features a convenient island ideal for cooking, dining, or hosting guests. Just off the kitchen, a spacious flex area provides endless possibilities-whether you choose a cozy breakfast nook or an informal seating space. Extend your living outdoors with an optional concrete patio off the flex space. This home includes four bedrooms, highlighted by a private owner's suite at the back of the house, complete with a generous walk-in closet and a luxurious bathroom retreat. Bedrooms two and three share a full bathroom, and the third bedroom at the front offers its own sizable walk-in closet. With 1,876 finished square feet, The Marigold offers plenty of space to accommodate growing families comfortably. The laundry room is thoughtfully tucked behind the kitchen with convenient access to the garage, doubling as a practical mudroom. The Marigold also includes a 2-car garage designed to fit two vehicles-or one vehicle plus a workbench or storage area to suit your needs. Make your new home truly yours by selecting from customizable color packages tailored to your style. Schedule a tour today with one of our

22. 2026-04-14
    historical Active Under Contract 161-char remark

    Show marketing remark (161 chars)

    Palm Bay Building Site. Perfect site for a new home. Located on the West End of Palm Bay. New Publix and High School near by. Nice new homes in surrounding area.

23. 2026-03-19
    listed $38,000 Active 161-char remark

    Show marketing remark (161 chars)

    Palm Bay Building Site. Perfect site for a new home. Located on the West End of Palm Bay. New Publix and High School near by. Nice new homes in surrounding area.

24. 2022-04-18
    historical
25. 2021-11-29
    listed $28,000 Active
26. 1986-12-01
    soldstatus $1,500

ⓘ 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 5/10 Major
• 🌡 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: $29,971
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,398
• − Management: −$2,398
• − Depreciation: −$8,724
• Taxable loss: −$6,346
• Est. tax savings @ 24.0%: +$1,523
• After-tax cash flow: $330/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): 16,535
• Household income: $79,596
• Rent vs Own: 10.2% rent · 89.8% own
• Severe rent burden: 112.0

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 0.69)
• Race & ethnicity: White 48% Hispanic / Latino 20% Black 20% Two or more races 19%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 6% Dominican 3%
• Common ancestry: Hispanic 3% Estonian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -38.22%
• Current HPI: 330.0399
• Rent YoY: ▲ 1.29%
• 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

+2166.7% since first listed

12 events — show timeline

• 2026-05-20 Pending — SCMLS
• 2026-05-19 Sold (MLS) $34,000 SCMLS
• 2026-05-11 Listed $299,900 SCMLS
• 2026-05-07 Relisted — Zillow
• 2026-05-07 Price Changed $299,900 Zillow
• 2026-05-02 Delisted — Zillow
• 2026-04-29 Listed $302,100 Zillow
• 2026-04-14 Contingent — SCMLS
• 2026-03-19 Listed $38,000 SCMLS
• 2022-04-18 Listing Removed — SCMLS
• 2021-11-29 Listed $28,000 SCMLS
• 1986-12-01 Sold (Public Records) $1,500 Public Records

Property tax history

+18.3%/yr

Latest (2025): $558 · +106.4% YoY. Source: county tax records.