1370 Welser Ave NE · Palm Bay, FL 32907

$275,000

3 bd · 2.0 ba · 1,459 sqft · SingleFamily public records · 163 Days on market

Built 1988 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 +19.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• Schools +4.7/10.0
• 1% rule +3.9/10.0
• 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

Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

Key facts

• New chimney
• New garbage disposal
• A c installed

Tags

• NEW GARBAGE DISPOSAL
• A C INSTALLED
• NEW ROOF
• NEW CHIMNEY
• NEW STAINLESS STEEL APPLIANCES
• NEW INTERIOR BEDROOM DOORS

Property features AI

Exterior

• Parking: 2-car garage with garage door opener
• Utilities: Septic tank; Cable connected; Electricity connected; Water connected
• Home design: Single-family residence; One-story; Faces east
• Construction: Block, frame, and stucco construction; Shingle roof
• Exterior features: Back yard with fencing; Block and chain link fencing; Few trees on the lot; City street frontage; Asphalt paved road access

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Plumbed for ice maker; ENERGY STAR qualified dishwasher and refrigerator; ENERGY STAR qualified water heater
• Bedrooms: 3 bedrooms — all on the main level
• Bathrooms: 2 full bathrooms
• Interior features: Breakfast bar and breakfast nook; Ceiling fans; Eat-in kitchen; Entrance foyer; Open floorplan; Vaulted ceilings; Walk-in closets; Wood-burning fireplace (1)
• 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 single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $320 ($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 $245k (10.9% below list).
• Recommended offer: $242k (12.0% 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); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% 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 58% FRL vs 43% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 43% 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 flat; 739 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 39% of the median local income ($75k/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 $8k 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 163 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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 $198k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $242,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.89% ✗
• Cap rate: 7.69%
• Cash-on-cash: 4.99%
• DSCR: 1.22
• GRM: 9.4

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: -10.6%
• Equity multiple: 0.62×
• Total profit: $-29,295
• Equity at exit: $41,003

10-year hold

• IRR: -4.2%
• Equity multiple: 0.75×
• Total profit: $-19,480
• Equity at exit: $23,777

Cash invested: $77,000 (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: 9.4×

Monthly cashflow live

• Estimated rent: $2,450 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$59 /mo · $703/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $320

Break-even live

Break-even rent $2,045

Max offer price $275,000

Occupancy floor 82%

Sensitivity live

Price	-10% $476	-5% $398	+0% $320	+5% $243	+10% $165
Rent	-10% $127	-5% $224	+0% $320	+5% $417	+10% $514
Rate	-1.0pp $459	-0.5pp $390	base $320	+0.5pp $249	+1.0pp $177

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Memory Ln NE Palm Bay, FL	3.0	2.0	1756	$4,000	$2.28	24d	1	0.31mi
171 Salmon Dr NE Palm Bay, FL	2.0	2.0	1128	$2,195	$1.95	24d	1	0.62mi
4152 Merrillville Dr West Melbourne, FL	1.0–3.0	1.0–3.0	1106	$2,225	$2.01	24d	1	0.73mi
118 Discovery DR West Melbourne, FL	1.0–3.0	1.0–2.0	994	$2,486	$2.50	15d	58	0.74mi
362 Emerson Dr NW Palm Bay, FL	3.0	2.0	1188	$1,885	$1.59	24d	1	0.76mi
356 Pipit St NE Palm Bay, FL	3.0	2.0	1530	$1,800	$1.18	24d	1	0.84mi
986 Piedmont Ave NE Palm Bay, FL	3.0	2.0	1238	$1,850	$1.49	15d	1	0.99mi
100 Larch Cir NE Palm Bay, FL	1.0–2.0	1.0–2.0	1013	$1,775	$1.75	15d	16	1.18mi
918 Aventine Dr West Melbourne, FL	1.0–2.0	1.0–2.0	907	$2,202	$2.43	15d	33	1.23mi
1425 Malibu Cir NE #111 Palm Bay, FL	3.0	2.0	1180	$1,650	$1.40	24d	1	1.26mi
1495 Malibu Cir NE #102 Palm Bay, FL	3.0	2.0	1180	$1,600	$1.36	15d	1	1.30mi
1152 Bainbury Ln Melbourne, FL	3.0	2.0	1297	$2,000	$1.54	24d	1	1.30mi
1065 Sedgewood Cir Melbourne, FL	4.0	2.0	1861	$2,300	$1.24	15d	1	1.31mi
3184 Burdock Ave Melbourne, FL	3.0	2.0	1874	$2,200	$1.17	15d	1	1.39mi
2891 Stratford Pointe Dr Melbourne, FL	4.0	2.0	1627	$2,500	$1.54	15d	1	1.42mi
1099 Dania Cir NE Palm Bay, FL	3.0	2.0	1314	$2,300	$1.75	24d	1	1.48mi
4535 Amore Ln Melbourne, FL	3.0	2.5	1463	$2,144	$1.47	15d	4	1.49mi

Listing history 32 events

1. 2026-06-18
   days on market $275,000 Active 163 DOM
2. 2026-06-17
   days on market $275,000 Active 162 DOM
3. 2026-06-16
   days on market $275,000 Active 161 DOM
4. 2026-06-15
   days on market $275,000 Active 160 DOM
5. 2026-06-14
   days on market $275,000 Active 158 DOM
6. 2026-06-10
   days on market $275,000 Active 155 DOM
7. 2026-06-08
   days on market $275,000 Active 153 DOM
8. 2026-06-07
   days on market $275,000 Active 152 DOM
9. 2026-06-05
   days on market $275,000 Active 149 DOM
10. 2026-06-03
    days on market $275,000 Active 148 DOM
11. 2026-06-02
    days on market $275,000 Active 147 DOM
12. 2026-06-01
    days on market $275,000 Active 146 DOM
13. 2026-05-31
    days on market $275,000 Active 145 DOM
14. 2026-05-31
    days on market $275,000 Active 144 DOM
15. 2026-05-22
    status Active
16. 2026-05-22
    price $275,000
17. 2026-05-08
    historical
18. 2026-04-27
    price $265,000
19. 2026-04-23
    price $275,000
20. 2026-02-18
    price $280,000
21. 2025-12-22
    listed $285,000 Active
22. 2024-10-04
    historical 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

23. 2024-09-15
    status Active 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

24. 2024-08-23
    listed $285,000 Active 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

25. 2024-08-23
    price $285,000 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

26. 2024-08-23
    historical 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

27. 2024-08-09
    historical $274,900 786-char remark

    Show marketing remark (786 chars)

    Location, location, location! THIS HOME IS PRICED TO SELL! Situated in NE Palm Bay, The Residents here refer to this Pocket Neighborhood as Lockmar's little sister. Just minutes to Hammock Landings shopping, I 95, and Minton Rd. This Concrete Block Home has been freshly Painted on the Exterior. There is New Vinyl Plank flooring as well as 20-inch Porcelain Tile. No Carpet. The Roof and HVAC were Replaced less than 5 years ago. Large Galley Kitchen with 3 Windows and Tons of Storage. Stainless Steel Appliances are 2 yrs old. Laundry room is under air and Garage is oversized. City Water! Most interior doors Newly Replaced. Put on your swimsuit because Melbourne Beach is 20 minutes away. One hour drive to Orlando and Theme Parks. MAKE YOUR APPOINTMENT TODAY THIS ONE WONT LAST!!!

28. 2005-08-02
    soldstatus $198,500
29. 2005-07-29
    soldstatus $198,500 237-char remark

    Show marketing remark (237 chars)

    Tile flooring in living area as well as one bedroom. Open and airy Living room with vaulted ceiling and corner fireplace. Security system, eat-in kitchen fully-applianced kitchen plus an oversized garage. Newer roof and chain link fence.

30. 2005-06-06
    listed $194,900 237-char remark

    Show marketing remark (237 chars)

    Tile flooring in living area as well as one bedroom. Open and airy Living room with vaulted ceiling and corner fireplace. Security system, eat-in kitchen fully-applianced kitchen plus an oversized garage. Newer roof and chain link fence.

31. 2002-01-28
    soldstatus $93,000
32. 1999-06-18
    soldstatus $83,000

ⓘ 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: $703 · $59/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$1,579/yr (+$132/mo · 224.6%)

ⓘ 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 10/10 Extreme 7 d/yr ≥106°F today · 22 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: $29,403
• − Mortgage interest: −$15,404
• − Property taxes: −$703
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,352
• − Management: −$2,352
• − Depreciation: −$8,000
• Taxable loss: −$784
• Est. tax savings @ 24.0%: +$188
• After-tax cash flow: $4,033/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

+231.3% since first listed

18 events — show timeline

• 2026-05-22 Relisted — SCMLS
• 2026-05-22 Price Changed $275,000 SCMLS
• 2026-05-08 Listing Removed — SCMLS
• 2026-04-27 Price Changed $265,000 SCMLS
• 2026-04-23 Price Changed $275,000 SCMLS
• 2026-02-18 Price Changed $280,000 SCMLS
• 2025-12-22 Listed $285,000 SCMLS
• 2024-10-04 Listing Removed — SCMLS
• 2024-09-15 Relisted — SCMLS
• 2024-08-23 Listed $285,000 SCMLS
• 2024-08-23 Listing Removed — SCMLS
• 2024-08-23 Price Changed $285,000 SCMLS
• 2024-08-09 Coming Soon $274,900 SCMLS
• 2005-08-02 Sold (Public Records) $198,500 Public Records
• 2005-07-29 Sold (MLS) $198,500 SCMLS
• 2005-06-06 Listed $194,900 SCMLS
• 2002-01-28 Sold (Public Records) $93,000 Public Records
• 1999-06-18 Sold (Public Records) $83,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $703 · +1.7% YoY. Source: county tax records.