1368 Scottish St SW · Palm Bay, FL 32908

$289,990

3 bd · 2.0 ba · 1,243 sqft · Land · 158 Days on market

Built 2026 10,019 sqft lot

---

Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

Key facts

• 0.23 acre lot
• Garage
• Built 2026

Property features AI

Finance

• Other: Unfurnished

Exterior

• Parking: Attached garage (1 car)
• Security: Smoke detectors
• Utilities: Aerobic septic system; Electricity connected; Cable available; Water-smart landscaping
• Home design: Single family residence; One story; North-facing
• Construction: New construction; Block, concrete and stucco construction; Shingle roof; Building area approximately 1,500 (total); living area listed separately
• Exterior features: Storm shutters; Cleared lot; Asphalt road access

Interior

• Kitchen: Electric range; Dishwasher
• Bedrooms: 3 bedrooms (all on the first floor)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Attic fan; Thermostat (energy-efficient feature)
• Interior features: Open floorplan; Breakfast bar; Pantry; Primary bedroom on the main level; Primary bathroom with shower (no tub); Walk-in closet(s)
• 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 land listed at $290k.

Deal economics

• At list price, monthly cash flow is $-387 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (19.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (29.4% below list).
• Recommended offer: $205k (29.4% 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: Jupiter Elementary School (math 41% / reading 42%, grade F, #1,437 of 2,144 statewide, top 68%, 732 students, 68% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL) — zoned schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• 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 (+1.3%/yr); 1030 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $9k 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 158 days — a 12% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.

Recommended offer $204,699 (29.4% 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 158 days. Have you received any prior offers? Is the seller open to a 29% 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: 0.71% ✗
• Cap rate: 4.69%
• Cash-on-cash: -5.72%
• DSCR: 0.75
• GRM: 11.8

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: -28.0%
• Equity multiple: 0.08×
• Total profit: $-75,067
• Equity at exit: $43,238

10-year hold

• IRR: -34.6%
• Equity multiple: -0.36×
• Total profit: $-110,705
• Equity at exit: $25,073

Cash invested: $81,197 (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: 1030
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,047 high
• Mortgage (P&I): −$1,521
• Tax est. 1.5%: −$362 /mo · $4,350/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $-387

Break-even live

Break-even rent $2,537

Max offer price $234,000

Occupancy floor —

Sensitivity live

Price	-10% $-187	-5% $-287	+0% $-387	+5% $-487	+10% $-587
Rent	-10% $-549	-5% $-468	+0% $-387	+5% $-306	+10% $-225
Rate	-1.0pp $-241	-0.5pp $-313	base $-387	+0.5pp $-462	+1.0pp $-539

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: $72,498
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	25d	1	0.51mi
465 Birch Ave SW Palm Bay, FL	3.0	2.0	1252	$2,000	$1.60	25d	1	0.54mi
403 Tillman Ave SW Palm Bay, FL	3.0	2.0	1056	$1,750	$1.66	23d	1	0.73mi
1215 Hastings Rd SW Palm Bay, FL	3.0	2.0	1294	$1,775	$1.37	21d	1	0.78mi
1830 Diablo Cir SW Palm Bay, FL	3.0	2.0	1451	$1,995	$1.37	16d	1	0.84mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	16d	1	0.93mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1350	$1,800	$1.33	25d	1	1.00mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1252	$1,800	$1.44	22d	1	1.00mi
308 Tamarind Cir NW Palm Bay, FL	3.0	2.0	1350	$2,100	$1.56	25d	1	1.09mi
1572 Holbrook Rd NW Palm Bay, FL	3.0	2.0	1256	$1,945	$1.55	25d	1	1.10mi
751 Winchell St SW Palm Bay, FL	3.0	2.0	1160	$1,960	$1.69	21d	1	1.13mi
2127 Jupiter Blvd SW Palm Bay, FL	3.0	2.0	1104	$1,885	$1.71	25d	1	1.21mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	16d	1	1.24mi
496 Iroquois Ave NW Palm Bay, FL	3.0	2.0	1128	$1,950	$1.73	25d	1	1.29mi
1374 Jupiter Blvd NW Palm Bay, FL	3.0	2.0	1500	$1,895	$1.26	25d	1	1.37mi

Listing history 21 events

1. 2026-06-22
   days on market $289,990 Active 158 DOM
2. 2026-06-18
   days on market $289,990 Active 155 DOM
3. 2026-06-17
   days on market $289,990 Active 154 DOM
4. 2026-06-16
   days on market $289,990 Active 153 DOM
5. 2026-06-15
   days on market $289,990 Active 152 DOM
6. 2026-06-14
   days on market $289,990 Active 150 DOM
7. 2026-06-10
   days on market $289,990 Active 147 DOM
8. 2026-06-08
   days on market $289,990 Active 145 DOM
9. 2026-06-07
   days on market $289,990 Active 144 DOM
10. 2026-06-05
    days on market $289,990 Active 141 DOM
11. 2026-06-03
    days on market $289,990 Active 140 DOM
12. 2026-06-02
    days on market $289,990 Active 139 DOM
13. 2026-06-01
    days on market $289,990 Active 138 DOM
14. 2026-05-31
    days on market $289,990 Active 137 DOM
15. 2026-05-31
    days on market $289,990 Active 136 DOM
16. 2026-02-26
    status Active 1274-char remark

    Show marketing remark (1274 chars)

    Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

17. 2026-02-25
    historical 1274-char remark

    Show marketing remark (1274 chars)

    Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

18. 2026-02-08
    status Active 1274-char remark

    Show marketing remark (1274 chars)

    Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

19. 2026-02-07
    historical 1274-char remark

    Show marketing remark (1274 chars)

    Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

20. 2026-01-14
    listed $289,990 Active
21. 2026-01-10
    listed $289,990 Active 1274-char remark

    Show marketing remark (1274 chars)

    Introducing the captivating Palm floorplan from our Inspire collection of homes. This modest yet charming residence offers three bedrooms, two full baths, an indoor laundry room, and a one-car garage. The contemporary kitchen design seamlessly overlooks the combined dining and great room area, creating a spacious and inviting atmosphere. Enjoy casual dining at the countertop breakfast bar while taking in the breathtaking view of the expansive backyard and the beautiful Florida weather through the sliding glass door. Designed with practicality and efficiency in mind, the Palm floorplan eliminates the need for traditional "formal" living and dining rooms, optimizing the use of space for family living and entertaining. Revel in the cozy and bright ambiance of this open layout, perfectly suited for creating cherished memories. With your savings in mind, this home comes equipped with a selection of quality finishes, including name brand laminate countertops, vinyl flooring, stain-resistant carpeting, and stainless-steel appliances such as an electric smooth top range, range hood, and dishwasher. Preselected trending color schemes provide a versatile canvas for you to infuse your personal touch and transform this house into a warm and welcoming home.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $24,564
• − Mortgage interest: −$16,244
• − Property taxes: −$4,350
• − Insurance: −$1,450
• − Repairs & maintenance: −$1,965
• − Management: −$1,965
• − Depreciation: −$8,436
• Taxable loss: −$9,846
• Est. tax savings @ 24.0%: +$2,363
• After-tax cash flow: $-2,280/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

+0.0% since first listed

6 events — show timeline

• 2026-02-26 Relisted — Zillow
• 2026-02-25 Delisted — Zillow
• 2026-02-08 Relisted — Zillow
• 2026-02-07 Delisted — Zillow
• 2026-01-14 Listed $289,990 SCMLS
• 2026-01-10 Listed $289,990 Zillow