587 Tasco Ave SW · Palm Bay, FL 32908

$219,000

3 bd · 2.0 ba · 1,040 sqft · SingleFamily public records · 14 Days on market

Built 1984 10,454 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 +18.8/30.0
• ARV discount +7.5/15.0
• DSCR +5.9/10.0
• Schools +4.7/10.0
• 1% rule +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this move-in ready gem in the heart of Southwest Palm Bay--perfect for homeowners and investors alike. This well-maintained property offers a seamless blend of comfort and modern Florida living. Featuring high ceilings and an open-concept living space filled with natural light, the home delivers an airy, inviting atmosphere ideal for both relaxing and entertaining. The kitchen flows effortlessly into the main living areas, creating a functional and connected layout. Enjoy added peace of mind with major updates already completed, including a new roof (2023), HVAC system approximately 4 years old, and a water heater installed in December--reducing immediate maintenance concerns and enhancing long-term value. Step outside to a spacious yard with room to expand, entertain, or create your dream outdoor retreat. Located in a quiet, established neighborhood with no HOA, this property provides both privacy and flexibility while remaining just minutes from shopping, dining, schools, and major roadways for easy commuting. Whether you're a first-time buyer, downsizing, or seeking a high-potential investment property, this opportunity checks all the boxes. Homes like this don't last--schedule your showing today.

Key facts

• Natural light
• Functional layout
• Move in ready

Tags

• MOVE IN READY
• HIGH CEILINGS
• OPEN CONCEPT LIVING SPACE
• NATURAL LIGHT
• FUNCTIONAL LAYOUT
• NEW ROOF

Property features AI

Finance

• Other: Lot size approximately 0.24 acres; Road surface: Asphalt; Total building area: 1,368 square feet; Living area: 1,040 square feet
• Financial info: No lease restrictions
• HOA & community: No association

Exterior

• Parking: Attached garage (1 car)
• Utilities: Well water; Septic tank; Electricity available and connected; Water available and connected
• Home design: Single family residence; Residential property; One-story home; Faces west; Zoned RS-2; Entry level: One
• Construction: Shingle roof; Other construction materials; Slab foundation; Built on one level
• Exterior features: Sidewalk

Interior

• Kitchen: Other appliances
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/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 $209k (4.7% below list).
• Recommended offer: $209k (4.7% 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: schools C-, employment 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.
• Market conditions: Rents rising (+1.3%/yr); 1020 active listings in the ZIP; 18 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 31% 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 $7k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 15y 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 $48k; list at $219k implies a 352% 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 $208,754 (4.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 0.95% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.33%
• DSCR: 1.19
• GRM: 8.7

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: -11.4%
• Equity multiple: 0.59×
• Total profit: $-24,963
• Equity at exit: $32,654

10-year hold

• IRR: -4.7%
• Equity multiple: 0.71×
• Total profit: $-17,699
• Equity at exit: $18,935

Cash invested: $61,320 (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: 8.7×

Monthly cashflow live

• Estimated rent: $2,088 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$188 /mo · $2,261/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $221

Break-even live

Break-even rent $1,808

Max offer price $219,000

Occupancy floor 84%

Sensitivity live

Price	-10% $345	-5% $283	+0% $221	+5% $159	+10% $97
Rent	-10% $56	-5% $139	+0% $221	+5% $303	+10% $386
Rate	-1.0pp $331	-0.5pp $277	base $221	+0.5pp $164	+1.0pp $107

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	15d	1	0.21mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	15d	1	0.45mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	24d	1	0.53mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	24d	1	0.55mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	24d	1	0.80mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	15d	1	0.84mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$1,649	$1.19	15d	6	0.89mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	24d	1	0.95mi
2127 Jupiter Blvd SW Palm Bay, FL	3.0	2.0	1104	$1,885	$1.71	24d	1	0.98mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	24d	1	1.00mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	20d	1	1.02mi
1072 Genesee Ave SE Palm Bay, FL	3.0	2.0	1004	$1,855	$1.85	24d	1	1.12mi
751 Winchell St SW Palm Bay, FL	3.0	2.0	1160	$1,960	$1.69	20d	1	1.16mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	15d	1	1.22mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	24d	1	1.37mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	24d	1	1.45mi
403 Tillman Ave SW Palm Bay, FL	3.0	2.0	1056	$1,750	$1.66	22d	1	1.47mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	24d	1	1.50mi

Listing history 17 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-19
   listing id $219,000 Pending 14 DOM
3. 2026-05-22
   status Pending
4. 2026-05-14
   status Active 1230-char remark

   Show marketing remark (1230 chars)

   Welcome to this move-in ready gem in the heart of Southwest Palm Bay--perfect for homeowners and investors alike. This well-maintained property offers a seamless blend of comfort and modern Florida living. Featuring high ceilings and an open-concept living space filled with natural light, the home delivers an airy, inviting atmosphere ideal for both relaxing and entertaining. The kitchen flows effortlessly into the main living areas, creating a functional and connected layout. Enjoy added peace of mind with major updates already completed, including a new roof (2023), HVAC system approximately 4 years old, and a water heater installed in December--reducing immediate maintenance concerns and enhancing long-term value. Step outside to a spacious yard with room to expand, entertain, or create your dream outdoor retreat. Located in a quiet, established neighborhood with no HOA, this property provides both privacy and flexibility while remaining just minutes from shopping, dining, schools, and major roadways for easy commuting. Whether you're a first-time buyer, downsizing, or seeking a high-potential investment property, this opportunity checks all the boxes. Homes like this don't last--schedule your showing today.

5. 2026-05-12
   status Active
6. 2026-05-08
   status Pending 1230-char remark

   Show marketing remark (1230 chars)

   Welcome to this move-in ready gem in the heart of Southwest Palm Bay--perfect for homeowners and investors alike. This well-maintained property offers a seamless blend of comfort and modern Florida living. Featuring high ceilings and an open-concept living space filled with natural light, the home delivers an airy, inviting atmosphere ideal for both relaxing and entertaining. The kitchen flows effortlessly into the main living areas, creating a functional and connected layout. Enjoy added peace of mind with major updates already completed, including a new roof (2023), HVAC system approximately 4 years old, and a water heater installed in December--reducing immediate maintenance concerns and enhancing long-term value. Step outside to a spacious yard with room to expand, entertain, or create your dream outdoor retreat. Located in a quiet, established neighborhood with no HOA, this property provides both privacy and flexibility while remaining just minutes from shopping, dining, schools, and major roadways for easy commuting. Whether you're a first-time buyer, downsizing, or seeking a high-potential investment property, this opportunity checks all the boxes. Homes like this don't last--schedule your showing today.

7. 2026-05-08
   status Pending

   Show marketing remark (1230 chars)

   Welcome to this move-in ready gem in the heart of Southwest Palm Bay--perfect for homeowners and investors alike. This well-maintained property offers a seamless blend of comfort and modern Florida living. Featuring high ceilings and an open-concept living space filled with natural light, the home delivers an airy, inviting atmosphere ideal for both relaxing and entertaining. The kitchen flows effortlessly into the main living areas, creating a functional and connected layout. Enjoy added peace of mind with major updates already completed, including a new roof (2023), HVAC system approximately 4 years old, and a water heater installed in December--reducing immediate maintenance concerns and enhancing long-term value. Step outside to a spacious yard with room to expand, entertain, or create your dream outdoor retreat. Located in a quiet, established neighborhood with no HOA, this property provides both privacy and flexibility while remaining just minutes from shopping, dining, schools, and major roadways for easy commuting. Whether you're a first-time buyer, downsizing, or seeking a high-potential investment property, this opportunity checks all the boxes. Homes like this don't last--schedule your showing today.

8. 2026-05-04
   listed $219,000 Active
9. 2026-04-29
   listed $219,000 Active 1230-char remark

   Show marketing remark (1230 chars)

   Welcome to this move-in ready gem in the heart of Southwest Palm Bay--perfect for homeowners and investors alike. This well-maintained property offers a seamless blend of comfort and modern Florida living. Featuring high ceilings and an open-concept living space filled with natural light, the home delivers an airy, inviting atmosphere ideal for both relaxing and entertaining. The kitchen flows effortlessly into the main living areas, creating a functional and connected layout. Enjoy added peace of mind with major updates already completed, including a new roof (2023), HVAC system approximately 4 years old, and a water heater installed in December--reducing immediate maintenance concerns and enhancing long-term value. Step outside to a spacious yard with room to expand, entertain, or create your dream outdoor retreat. Located in a quiet, established neighborhood with no HOA, this property provides both privacy and flexibility while remaining just minutes from shopping, dining, schools, and major roadways for easy commuting. Whether you're a first-time buyer, downsizing, or seeking a high-potential investment property, this opportunity checks all the boxes. Homes like this don't last--schedule your showing today.

10. 2011-07-26
    soldstatus $48,500
11. 2011-07-22
    soldstatus $48,500 340-char remark

    Show marketing remark (340 chars)

    ADORABLE, REMODELED HOME IN MOVE IN CONDITION. NOT A SHORT SALE OR FORECLOSURE WITH A QUICK CLOSING TIME AVAILABLE. NEW TILE, KITCHEN CABINETS, APPLIANCES, BATHROOM VANITIES, FRESH PAINT, LIGHT FIXTURES AND FANS. NOTHING LEFT TO DO BUT MOVE IN! CLOSE TO SCHOOLS AND SHOPPING! PERFECT AS A STARTER HOME OR FOR A RETIREE. SHOW THIS ONE TODAY!

12. 2011-06-22
    listed $53,900 340-char remark

    Show marketing remark (340 chars)

    ADORABLE, REMODELED HOME IN MOVE IN CONDITION. NOT A SHORT SALE OR FORECLOSURE WITH A QUICK CLOSING TIME AVAILABLE. NEW TILE, KITCHEN CABINETS, APPLIANCES, BATHROOM VANITIES, FRESH PAINT, LIGHT FIXTURES AND FANS. NOTHING LEFT TO DO BUT MOVE IN! CLOSE TO SCHOOLS AND SHOPPING! PERFECT AS A STARTER HOME OR FOR A RETIREE. SHOW THIS ONE TODAY!

13. 2011-04-29
    soldstatus $25,000
14. 2011-02-28
    listed $26,900
15. 1987-12-01
    soldstatus $43,000
16. 1984-04-01
    soldstatus $45,000
17. 1983-12-01
    soldstatus $6,000

ⓘ 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: $2,261 · $188/mo
• Projected year-2 tax: $2,261 · $188/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $25,050
• − Mortgage interest: −$12,267
• − Property taxes: −$2,261
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,004
• − Management: −$2,004
• − Depreciation: −$6,371
• Taxable loss: −$952
• Est. tax savings @ 24.0%: +$228
• After-tax cash flow: $2,881/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

+3550.0% since first listed

15 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Relisted — SCMLS
• 2026-05-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Pending — SCMLS
• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Listed $219,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $219,000 SCMLS
• 2011-07-26 Sold (Public Records) $48,500 Public Records
• 2011-07-22 Sold (MLS) $48,500 SCMLS
• 2011-06-22 Listed $53,900 SCMLS
• 2011-04-29 Sold (MLS) $25,000 SCMLS
• 2011-02-28 Listed $26,900 SCMLS
• 1987-12-01 Sold (Public Records) $43,000 Public Records
• 1984-04-01 Sold (Public Records) $45,000 Public Records
• 1983-12-01 Sold (Public Records) $6,000 Public Records

Property tax history

+7.9%/yr

Latest (2025): $2,261 · +3.8% YoY. Source: county tax records.