3159 Lowry Blvd SE · Palm Bay, FL 32909

$395,000

3 bd · 2.0 ba · 2,400 sqft · Land · 133 Days on market

Built 2025 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 +5.1/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.8/10.0
• DSCR +0.0/10.0

Listing remarks MLS

If you are looking to build your Dream Home and enjoy the warm tropical Floridian Lifestyle then you do not want to miss this opportunity to Own this beautiful piece of property. Peacefull and quiet surroundings, recently paved roads, just minutes from Bayside High School. Southwest Middle School and Sunrise Elementary, . A short drive to Bayside Lakes Shopping Center, Publix Supermarket, Beef O' Brady's, plenty of Fast food eateries, Walgreens, Lab Corp, DMW, Medical facilities and Gas stations. Melbourne Orlando Inter Nat'l Airport is just within 15miles and Melbourne Beaches within 17miles.

Key facts

• Open floor plan
• Move-in-ready
• Large backyard

Tags

• OPEN FLOOR PLAN
• LARGE BACKYARD
• FLEX ROOM
• CERAMIC TILE FLOORING
• MOVE-IN-READY

Property features AI

Finance

• Other: Lot dimensions approximately 80 x 120 (0.23 acres); Living area approximately 2,400 sq ft; total building area approximately 2,600 sq ft
• HOA & community: No association indicated

Exterior

• Parking: 2-car garage
• Utilities: Well water; Septic tank; Broadband/High-speed internet available; Cable available; Electricity connected; Water available
• Home design: Single family residence; One story; Facing west; Residential property in completed condition; New construction
• Construction: Stucco construction; Shingle roof; Slab foundation; Built as new construction
• Exterior features: Rain gutters; Asphalt road access

Interior

• Kitchen: Convection oven; Dishwasher; Garbage disposal; Microwave; Range; Refrigerator; Water filtration system; Water softener
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Kitchen/family room combo; Open floorplan; Thermostat
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $395k.

Deal economics

• At list price, monthly cash flow is $-918 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $262k (33.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (41.9% below list).
• Recommended offer: $229k (41.9% 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% 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; 21 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).
• 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 $42k of equity ($3k loan paydown + $40k 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 ~$68k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($348k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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 $35k; list at $395k implies a 1029% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $229,360 (41.9% 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. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 42% 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: 0.58% ✗
• Cap rate: 3.50%
• Cash-on-cash: -9.96%
• DSCR: 0.56
• GRM: 14.4

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: 17.4%
• Equity multiple: 2.43×
• Total profit: $158,263
• Equity at exit: $355,847

10-year hold

• IRR: 16.6%
• Equity multiple: 5.66×
• Total profit: $515,342
• Equity at exit: $767,398

Cash invested: $110,600 (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: 14.4×

Monthly cashflow live

• Estimated rent: $2,294 high
• Mortgage (P&I): −$2,071
• Tax est. 1.5%: −$494 /mo · $5,925/yr
• Insurance: −$165
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $-918

Break-even live

Break-even rent $3,455

Max offer price $262,191

Occupancy floor —

Sensitivity live

Price	-10% $-645	-5% $-781	+0% $-918	+5% $-1,054	+10% $-1,191
Rent	-10% $-1,099	-5% $-1,008	+0% $-918	+5% $-827	+10% $-737
Rate	-1.0pp $-719	-0.5pp $-817	base $-918	+0.5pp $-1,020	+1.0pp $-1,124

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: $98,750
• Closing costs: $11,850
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.34mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	0.35mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	0.51mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	15d	1	0.58mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	0.63mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	22d	1	0.72mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	15d	1	0.74mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.84mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	22d	1	0.97mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	25d	1	1.07mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	1.15mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	1.16mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	15d	1	1.16mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	1.22mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	1.31mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	20d	1	1.37mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	25d	1	1.41mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	25d	1	1.41mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	20d	1	1.43mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	15d	1	1.44mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	15d	1	1.49mi

Listing history 14 events

1. 2026-05-22
   status Pending
2. 2026-01-09
   listed $395,000 Active
3. 2023-07-12
   soldstatus $35,000
4. 2023-07-07
   soldstatus $35,000 Closed 602-char remark

   Show marketing remark (602 chars)

   If you are looking to build your Dream Home and enjoy the warm tropical Floridian Lifestyle then you do not want to miss this opportunity to Own this beautiful piece of property. Peacefull and quiet surroundings, recently paved roads, just minutes from Bayside High School. Southwest Middle School and Sunrise Elementary, . A short drive to Bayside Lakes Shopping Center, Publix Supermarket, Beef O' Brady's, plenty of Fast food eateries, Walgreens, Lab Corp, DMW, Medical facilities and Gas stations. Melbourne Orlando Inter Nat'l Airport is just within 15miles and Melbourne Beaches within 17miles.

5. 2023-06-14
   historical Contingent 602-char remark

   Show marketing remark (602 chars)

   If you are looking to build your Dream Home and enjoy the warm tropical Floridian Lifestyle then you do not want to miss this opportunity to Own this beautiful piece of property. Peacefull and quiet surroundings, recently paved roads, just minutes from Bayside High School. Southwest Middle School and Sunrise Elementary, . A short drive to Bayside Lakes Shopping Center, Publix Supermarket, Beef O' Brady's, plenty of Fast food eateries, Walgreens, Lab Corp, DMW, Medical facilities and Gas stations. Melbourne Orlando Inter Nat'l Airport is just within 15miles and Melbourne Beaches within 17miles.

6. 2023-02-06
   listed $37,000 Active 602-char remark

   Show marketing remark (602 chars)

   If you are looking to build your Dream Home and enjoy the warm tropical Floridian Lifestyle then you do not want to miss this opportunity to Own this beautiful piece of property. Peacefull and quiet surroundings, recently paved roads, just minutes from Bayside High School. Southwest Middle School and Sunrise Elementary, . A short drive to Bayside Lakes Shopping Center, Publix Supermarket, Beef O' Brady's, plenty of Fast food eateries, Walgreens, Lab Corp, DMW, Medical facilities and Gas stations. Melbourne Orlando Inter Nat'l Airport is just within 15miles and Melbourne Beaches within 17miles.

7. 2022-02-01
   historical 76-char remark

   Show marketing remark (76 chars)

   Come build your new home here! Water and Sewer not available on this parcel.

8. 2021-10-11
   listed $29,900 Active 76-char remark

   Show marketing remark (76 chars)

   Come build your new home here! Water and Sewer not available on this parcel.

9. 2019-04-22
   soldstatus $8,300
10. 2019-04-19
    soldstatus $8,300
11. 2018-02-01
    historical
12. 2018-02-01
    listed $8,500
13. 2017-12-21
    listed $9,999
14. 2004-12-04
    soldstatus $9,000

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 19 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: $27,523
• − Mortgage interest: −$22,126
• − Property taxes: −$5,925
• − Insurance: −$1,975
• − Repairs & maintenance: −$2,202
• − Management: −$2,202
• − Depreciation: −$11,491
• Taxable loss: −$18,398
• Est. tax savings @ 24.0%: +$4,415
• After-tax cash flow: $-6,598/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

+4288.9% since first listed

14 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-09 Listed $395,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-12 Sold (Public Records) $35,000 Public Records
• 2023-07-07 Sold (MLS) $35,000 SCMLS
• 2023-06-14 Contingent — SCMLS
• 2023-02-06 Listed $37,000 SCMLS
• 2022-02-01 Listing Removed — SCMLS
• 2021-10-11 Listed $29,900 SCMLS
• 2019-04-22 Sold (Public Records) $8,300 Public Records
• 2019-04-19 Sold (MLS) $8,300 SCMLS
• 2018-02-01 Listing Removed — SCMLS
• 2018-02-01 Listed $8,500 SCMLS
• 2017-12-21 Listed $9,999 SCMLS
• 2004-12-04 Sold (Public Records) $9,000 Public Records

Property tax history

+19.2%/yr

Latest (2025): $658 · +22.8% YoY. Source: county tax records.