882 Palo Alto St SE · Palm Bay, FL 32909

$384,850

3 bd · 2.0 ba · 2,294 sqft · SingleFamily public records · 20 Days on market

Built 2007 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +7.2/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• 1% rule +0.9/10.0

Listing remarks MLS

Beautifully and elegantly constructed 3 bedroom 2 bathroom home on a private street in Palm Bay just outside of Bayside Lakes. Almost 2300 sq. ft. of living space with very spacious bed rooms and overall living areas. Opulence is seen in the unique design on the ceilings, built-in entertainment unit, double oven in kitchen, and overall floorplan. Property has a septic system, a deep water well for the main house, and a shallow well for the irrigation. The roof is less than a year old Luxurious living in a quiet neighborhood on a land with many fruit bearing trees, makes you feel like you have been transported to your own paradise.

Key facts

• Glass shower
• Private sitting area
• 1 year old roof

Tags

• PRIVATE SITTING AREA
• JACUZZI TUB
• GLASS SHOWER
• HIS-AND-HER CLOSETS
• 1 YEAR OLD ROOF
• 1 YEAR OLD WATER HEATER

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Attached garage with garage door opener; 2-car garage; Additional parking; RV access/parking
• Security: Security lights; Smoke detectors
• Utilities: Septic tank; Water available; Electricity available and connected; Cable available and connected
• Home design: Single-family residence; One story; entry level is 1; Faces northwest; Open floorplan; Primary suite on main level
• Construction: Block, concrete, and stucco construction; Shingle and wood roof
• Exterior features: Storm shutters; Covered patio/porch; Glass-enclosed patio area; Rear porch; Shed(s) on property; Fenced backyard with full, privacy wood fence

Interior

• Kitchen: Dishwasher; Disposal; Double oven; Electric cooktop/range/oven; Microwave; Refrigerator; Pantry; Breakfast bar / eat-in area
• Bedrooms: 3 bedrooms (primary on main level)
• Flooring: Laminate; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar; Breakfast nook; Built-in features; Ceiling fans; Eat-in kitchen; Entrance foyer; His and hers closets; Open floorplan; Pantry; Primary bathroom with tub and separate shower; Primary bedroom on main level; Split bedroom layout; Vaulted ceilings; Walk-in closets
• Laundry & utility: In-unit laundry on lower level; Washer and dryer included; Electric dryer hookup; Utility sink; Water softener (owned); Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $385k.

Deal economics

• At list price, monthly cash flow is $-525 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (24.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (40.9% below list).
• Recommended offer: $227k (40.9% 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; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 34% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $41k of equity ($3k loan paydown + $38k 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 ~$66k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($379k) is reasonable based on typical stale-listing flexibility.
• 6 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 $40k; list at $385k implies a 865% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,269 (40.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.59% ✗
• Cap rate: 4.66%
• Cash-on-cash: -5.85%
• DSCR: 0.74
• GRM: 14.1

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: 20.3%
• Equity multiple: 2.65×
• Total profit: $177,535
• Equity at exit: $346,703

10-year hold

• IRR: 18.6%
• Equity multiple: 6.12×
• Total profit: $551,973
• Equity at exit: $747,679

Cash invested: $107,758 (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: 14.1×

Monthly cashflow live

• Estimated rent: $2,273 high
• Mortgage (P&I): −$2,018
• Tax from tax record: −$142 /mo · $1,702/yr
• Insurance: −$160
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $-525

Break-even live

Break-even rent $2,937

Max offer price $292,120

Occupancy floor —

Sensitivity live

Price	-10% $-307	-5% $-416	+0% $-525	+5% $-634	+10% $-743
Rent	-10% $-704	-5% $-615	+0% $-525	+5% $-435	+10% $-345
Rate	-1.0pp $-331	-0.5pp $-427	base $-525	+0.5pp $-625	+1.0pp $-726

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: $96,212
• Closing costs: $11,546
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	0.36mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	0.47mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.55mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.56mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	0.62mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	0.68mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	0.73mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	0.76mi
1165 Rabbit St SE Palm Bay, FL	3.0	2.0	1994	$1,895	$0.95	21d	1	0.87mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	21d	1	0.87mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	25d	1	0.93mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.99mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	25d	1	1.07mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.09mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	25d	1	1.20mi
1406 Martinez St SE Palm Bay, FL	4.0	2.0	2083	$2,100	$1.01	25d	1	1.23mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	16d	1	1.25mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	1.25mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	16d	1	1.28mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	1.30mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	1.31mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	1.36mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	16d	1	1.38mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	1.42mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	1.42mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	1.46mi

Listing history 32 events

1. 2026-06-22
   days on market $384,850 Active 20 DOM
2. 2026-06-18
   days on market $384,850 Active 17 DOM
3. 2026-06-17
   days on market $384,850 Active 16 DOM
4. 2026-06-16
   days on market $384,850 Active 15 DOM
5. 2026-06-15
   days on market $384,850 Active 14 DOM
6. 2026-06-14
   days on market $384,850 Active 12 DOM
7. 2026-06-10
   days on market $384,850 Active 9 DOM
8. 2026-06-08
   days on market $384,850 Active 7 DOM
9. 2026-06-07
   days on market $384,850 Active 6 DOM
10. 2026-06-05
    days on market $384,850 Active 3 DOM
11. 2026-06-03
    days on market $384,850 Active 2 DOM
12. 2026-06-02
    remarks 692-char remark
13. 2026-06-02
    pricedays on marketlisting id $384,850 Active 1 DOM
14. 2026-05-31
    days on market $384,950 Active 88 DOM
15. 2026-05-31
    days on market $384,950 Active 87 DOM
16. 2026-05-06
    price $384,950
17. 2026-04-10
    status Active
18. 2026-04-07
    status Pending
19. 2026-04-06
    price $394,769
20. 2026-03-20
    status Active
21. 2026-03-16
    status Pending
22. 2026-03-13
    price $394,779
23. 2026-02-25
    listed $394,780 Active
24. 2026-02-04
    historical
25. 2026-01-16
    price $399,000
26. 2025-12-01
    listed $415,000 Active
27. 2025-10-07
    historical 642-char remark

    Show marketing remark (642 chars)

    Beautifully and elegantly constructed 3 bedroom 2 bathroom home on a private street in Palm Bay just outside of Bayside Lakes. Almost 2300 sq. ft. of living space with very spacious bed rooms and overall living areas. Opulence is seen in the unique design on the ceilings, built-in entertainment unit, double oven in kitchen, and overall floorplan. Property has a septic system, a deep water well for the main house, and a shallow well for the irrigation. The roof is less than a year old Luxurious living in a quiet neighborhood on a land with many fruit bearing trees, makes you feel like you have been transported to your own paradise.

28. 2025-08-25
    listed $412,000 Active 642-char remark

    Show marketing remark (642 chars)

    Beautifully and elegantly constructed 3 bedroom 2 bathroom home on a private street in Palm Bay just outside of Bayside Lakes. Almost 2300 sq. ft. of living space with very spacious bed rooms and overall living areas. Opulence is seen in the unique design on the ceilings, built-in entertainment unit, double oven in kitchen, and overall floorplan. Property has a septic system, a deep water well for the main house, and a shallow well for the irrigation. The roof is less than a year old Luxurious living in a quiet neighborhood on a land with many fruit bearing trees, makes you feel like you have been transported to your own paradise.

29. 2005-05-05
    soldstatus $39,900
30. 2005-04-21
    soldstatus $39,900
31. 2005-02-25
    listed $39,900
32. 2004-12-01
    soldstatus $19,000

ⓘ 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: $1,702 · $142/mo
• Projected year-2 tax: $3,194 · $266/mo
• Expected delta: +$1,493/yr (+$124/mo · 87.7%)

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 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: $27,272
• − Mortgage interest: −$21,558
• − Property taxes: −$1,702
• − Insurance: −$1,924
• − Repairs & maintenance: −$2,182
• − Management: −$2,182
• − Depreciation: −$11,196
• Taxable loss: −$13,470
• Est. tax savings @ 24.0%: +$3,233
• After-tax cash flow: $-3,066/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

+1926.1% since first listed

17 events — show timeline

• 2026-05-06 Price Changed $384,950 SCMLS
• 2026-04-10 Relisted — SCMLS
• 2026-04-07 Pending — SCMLS
• 2026-04-06 Price Changed $394,769 SCMLS
• 2026-03-20 Relisted — SCMLS
• 2026-03-16 Pending — SCMLS
• 2026-03-13 Price Changed $394,779 SCMLS
• 2026-02-25 Listed $394,780 SCMLS
• 2026-02-04 Listing Removed — Beaches MLS
• 2026-01-16 Price Changed $399,000 Beaches MLS
• 2025-12-01 Listed $415,000 Beaches MLS
• 2025-10-07 Listing Removed — SCMLS
• 2025-08-25 Listed $412,000 SCMLS
• 2005-05-05 Sold (Public Records) $39,900 Public Records
• 2005-04-21 Sold (MLS) $39,900 SCMLS
• 2005-02-25 Listed $39,900 SCMLS
• 2004-12-01 Sold (Public Records) $19,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $1,702 · +3.4% YoY. Source: county tax records.