1341 Olde Bailey Ln · West Melbourne, FL 32904

$279,000

3 bd · 2.0 ba · 1,297 sqft · SingleFamily public records · 60 Days on market

Built 2003 6,098 sqft lot $34/mo HOA · 2% of rent

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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 +13.1/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.1/5.0
• DSCR +3.9/10.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location in beautiful Stratford Pointe is this delightful 3 bedroom, 2 bath, 2 car garage home. From the open floor plan to the private fenced backyard this home has much to offer. Enjoy the community pool just a short walk away. Easy access to shopping centers, schools and medical facilities.

Key facts

• Fenced-in back yard
• Newer roof
• Low annual hoa

Tags

• FENCED-IN BACK YARD
• LOW ANNUAL HOA
• NEWER ROOF
• FRESHLY-SERVICED AC
• CONCRETE BLOCK CONSTRUCTION

Property features AI

Finance

• HOA & community: Part of an association (Artemis Lifestyles); Annual association fee of $405; Community clubhouse

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public sewer; Electricity connected; Water connected
• Home design: Single family residence; One level; North-facing
• Construction: Block and stucco construction; Shingle roof; Pets allowed
• Exterior features: Covered rear porch; Screened porch; Vinyl fenced backyard; City street frontage; Asphalt road surface; No private pool

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast bar; Breakfast nook; Ceiling fans; Entrance foyer; Pantry; Primary bathroom with shower (no tub); Walk-in closet(s)
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $-11 ($-128/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (20.0% below list).
• Recommended offer: $223k (20.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#73 in FL, #1,214 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A; Watch: commute D+, amenities F.
• 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: Meadowlane Primary Elementary School (650 students, 47% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: Rents soft (-0.3%/yr); 312 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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

• 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 60 days — a 3% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $36k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; list at $279k implies a 99% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,173 (20.0% 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 60 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.16%
• DSCR: 0.99
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.7%
• Equity multiple: 0.33×
• Total profit: $-52,492
• Equity at exit: $41,600

10-year hold

• IRR: -20.0%
• Equity multiple: 0.08×
• Total profit: $-72,111
• Equity at exit: $24,123

Cash invested: $78,120 (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 32904

• Rents YoY: -0.3%
• Active inventory: 312
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,232 high
• Mortgage (P&I): −$1,463
• Tax from tax record: −$160 /mo · $1,925/yr
• Insurance: −$116
• HOA: −$34
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $-11

Break-even live

Break-even rent $2,245

Max offer price $277,112

Occupancy floor 95%

Sensitivity live

Price	-10% $147	-5% $68	+0% $-11	+5% $-90	+10% $-169
Rent	-10% $-187	-5% $-99	+0% $-11	+5% $77	+10% $166
Rate	-1.0pp $130	-0.5pp $60	base $-11	+0.5pp $-83	+1.0pp $-157

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1152 Bainbury Ln Melbourne, FL	3.0	2.0	1297	$2,000	$1.54	25d	1	0.09mi
1065 Sedgewood Cir Melbourne, FL	4.0	2.0	1861	$2,300	$1.24	16d	1	0.13mi
2891 Stratford Pointe Dr Melbourne, FL	4.0	2.0	1627	$2,500	$1.54	16d	1	0.31mi
4152 Merrillville Dr West Melbourne, FL	1.0–3.0	1.0–3.0	1106	$2,225	$2.01	25d	1	0.55mi
1361 Tamango Dr Melbourne, FL	3.0	2.0	1815	$2,350	$1.29	25d	1	0.58mi
118 Discovery DR West Melbourne, FL	1.0–3.0	1.0–2.0	994	$2,486	$2.50	16d	58	0.81mi
760 John Adams Ln Melbourne, FL	3.0	2.0	1288	$1,950	$1.51	25d	1	1.05mi
3184 Burdock Ave Melbourne, FL	3.0	2.0	1874	$2,200	$1.17	16d	1	1.08mi
918 Aventine Dr West Melbourne, FL	1.0–2.0	1.0–2.0	907	$2,202	$2.43	15d	33	1.14mi
4535 Amore Ln Melbourne, FL	3.0	2.5	1463	$2,144	$1.47	16d	4	1.16mi
4714 Crosswind Ct Melbourne, FL	1.0–3.0	1.0–2.0	1071	$2,015	$1.88	15d	19	1.21mi
1040 Venetian Dr #203 Melbourne, FL	3.0	2.0	1781	$1,700	$0.95	25d	1	1.27mi
4850 Heritage Lakes BLVD West Melbourne, FL	1.0–3.0	1.0–2.5	1018	$2,444	$2.40	15d	119	1.33mi
561 Parker Rd Melbourne, FL	4.0	2.0	1623	$2,300	$1.42	21d	1	1.35mi
1015 Venetian Dr #104 Melbourne, FL	2.0	2.0	1438	$1,750	$1.22	25d	1	1.35mi
1495 Malibu Cir NE #102 Palm Bay, FL	3.0	2.0	1180	$1,600	$1.36	16d	1	1.44mi
1425 Malibu Cir NE #111 Palm Bay, FL	3.0	2.0	1180	$1,650	$1.40	25d	1	1.46mi
127 Memory Ln NE Palm Bay, FL	3.0	2.0	1756	$4,000	$2.28	25d	1	1.46mi
100 Larch Cir NE Palm Bay, FL	1.0–2.0	1.0–2.0	1013	$1,775	$1.75	16d	16	1.48mi
1070 Luminary Cir #104 Melbourne, FL	2.0	2.0	1008	$1,850	$1.84	25d	1	1.49mi

HOA detail

• Monthly dues: $34 · $408/yr
• Likely covers: pool

Listing history 33 events

1. 2026-06-22
   pricedays on market $279,000 Active 60 DOM
2. 2026-06-18
   days on market $298,500 Active 57 DOM
3. 2026-06-17
   days on market $298,500 Active 56 DOM
4. 2026-06-16
   days on market $298,500 Active 55 DOM
5. 2026-06-15
   days on market $298,500 Active 54 DOM
6. 2026-06-14
   days on market $298,500 Active 52 DOM
7. 2026-06-10
   days on market $298,500 Active 49 DOM
8. 2026-06-08
   days on market $298,500 Active 47 DOM
9. 2026-06-07
   days on market $298,500 Active 46 DOM
10. 2026-06-05
    days on market $298,500 Active 43 DOM
11. 2026-06-03
    days on market $298,500 Active 42 DOM
12. 2026-06-02
    days on market $298,500 Active 41 DOM
13. 2026-06-01
    days on market $298,500 Active 40 DOM
14. 2026-05-31
    days on market $298,500 Active 39 DOM
15. 2026-05-31
    days on market $298,500 Active 38 DOM
16. 2026-05-17
    price $298,500
17. 2026-04-22
    listed $315,000 Active
18. 2018-07-10
    historical 300-char remark

    Show marketing remark (300 chars)

    Great location in beautiful Stratford Pointe is this delightful 3 bedroom, 2 bath, 2 car garage home. From the open floor plan to the private fenced backyard this home has much to offer. Enjoy the community pool just a short walk away. Easy access to shopping centers, schools and medical facilities.

19. 2016-08-16
    historical 441-char remark

    Show marketing remark (441 chars)

    Wow. .. What a beautiful home and it is ready for you to move right in. Open floor plan, tiled kitchen, dining, bath and entry. Plant shelves, screened porch, gutters, hurricane shutters, inside laundry, irrigation system on reclaimed water. Landscaped front and backtard as well as a fenced in backyard for privacy. This home shows pride in ownership and is a must see! Great Community pool. Close to shopping in desirable Stratford Pointe.

20. 2016-08-16
    historical

    Show marketing remark (441 chars)

    Wow. .. What a beautiful home and it is ready for you to move right in. Open floor plan, tiled kitchen, dining, bath and entry. Plant shelves, screened porch, gutters, hurricane shutters, inside laundry, irrigation system on reclaimed water. Landscaped front and backtard as well as a fenced in backyard for privacy. This home shows pride in ownership and is a must see! Great Community pool. Close to shopping in desirable Stratford Pointe.

21. 2016-08-16
    historical

    Show marketing remark (441 chars)

    Wow. .. What a beautiful home and it is ready for you to move right in. Open floor plan, tiled kitchen, dining, bath and entry. Plant shelves, screened porch, gutters, hurricane shutters, inside laundry, irrigation system on reclaimed water. Landscaped front and backtard as well as a fenced in backyard for privacy. This home shows pride in ownership and is a must see! Great Community pool. Close to shopping in desirable Stratford Pointe.

22. 2014-04-21
    soldstatus $139,900
23. 2014-04-17
    soldstatus $139,900
24. 2013-09-17
    listed $139,900
25. 2013-01-20
    listed $144,750 300-char remark

    Show marketing remark (300 chars)

    Great location in beautiful Stratford Pointe is this delightful 3 bedroom, 2 bath, 2 car garage home. From the open floor plan to the private fenced backyard this home has much to offer. Enjoy the community pool just a short walk away. Easy access to shopping centers, schools and medical facilities.

26. 2012-06-14
    soldstatus $125,100
27. 2012-03-28
    listed $124,900
28. 2008-11-20
    listed $130,000
29. 2008-02-05
    listed $167,000 441-char remark

    Show marketing remark (441 chars)

    Wow. .. What a beautiful home and it is ready for you to move right in. Open floor plan, tiled kitchen, dining, bath and entry. Plant shelves, screened porch, gutters, hurricane shutters, inside laundry, irrigation system on reclaimed water. Landscaped front and backtard as well as a fenced in backyard for privacy. This home shows pride in ownership and is a must see! Great Community pool. Close to shopping in desirable Stratford Pointe.

30. 2005-12-30
    soldstatus $215,000
31. 2005-12-23
    soldstatus $215,000
32. 2005-11-02
    listed $232,500
33. 2005-07-29
    listed $259,900

ⓘ 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: $1,925 · $160/mo
• Projected year-2 tax: $2,316 · $193/mo
• Expected delta: +$391/yr (+$33/mo · 20.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $26,781
• − Mortgage interest: −$15,628
• − Property taxes: −$1,925
• − Insurance: −$1,395
• − Repairs & maintenance: −$2,142
• − Management: −$2,142
• − HOA: −$408
• − Depreciation: −$8,116
• Taxable loss: −$4,977
• Est. tax savings @ 24.0%: +$1,194
• After-tax cash flow: $1,066/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 — West Melbourne

• Score: 82/100
• State rank: #73
• US rank: #1214

Category grades

Amenities F Commute D+ Cost of living B Crime A- Employment A+ Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Melbourne, FL
• County: Brevard County · 602,871 people
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 37,241
• Household income: $90,673
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 597.0

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: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 10% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 2%

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: ▼ -195.98%
• Current HPI: 304.2546
• Rent YoY: ▼ -0.32%
• 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

+14.9% since first listed

18 events — show timeline

• 2026-05-17 Price Changed $298,500 SCMLS
• 2026-04-22 Listed $315,000 SCMLS
• 2018-07-10 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2014-04-21 Sold (Public Records) $139,900 Public Records
• 2014-04-17 Sold (MLS) $139,900 SCMLS
• 2013-09-17 Listed $139,900 SCMLS
• 2013-01-20 Listed $144,750 SCMLS
• 2012-06-14 Sold (MLS) $125,100 SCMLS
• 2012-03-28 Listed $124,900 SCMLS
• 2008-11-20 Listed $130,000 SCMLS
• 2008-02-05 Listed $167,000 SCMLS
• 2005-12-30 Sold (Public Records) $215,000 Public Records
• 2005-12-23 Sold (MLS) $215,000 SCMLS
• 2005-11-02 Listed $232,500 SCMLS
• 2005-07-29 Listed $259,900 SCMLS

Property tax history

-0.1%/yr

Latest (2025): $1,925 · +8.0% YoY. Source: county tax records.