3033 Dairy Ter NE · Palm Bay, FL 32905

$172,000

2 bd · 2.0 ba · 1,136 sqft · SingleFamily public records · 58 Days on market

Built 1960 7,405 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 +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• 1% rule +5.0/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

Key facts

• Kitchen island
• Open-concept layout
• 7,405 sq ft lot

Tags

• OPEN-CONCEPT LAYOUT
• KITCHEN ISLAND
• FULLY FENCED BACKYARD
• DEDICATED LAUNDRY AREA

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public sewer; Sewer connected; Water connected
• Home design: Single-family residence; One level (entry level 1); Faces south
• Construction: Built with block, concrete and stucco
• Exterior features: Patio; Back yard fencing; Fenced yard with wood fence; Shingle roof

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air (electric)
• Interior features: Ceiling fan(s); Kitchen island; Primary bathroom with tub and shower
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $172k).
• Recommended offer: $167k (3.0% below list) — sets the bar for market timing.

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: Palm Bay Elementary School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 586 students, 74% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 55% district-wide (-22 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 321 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 37% of the median local income ($56k/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 $1k of loan paydown is wiped out by about $5k 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 58 days — a 3% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $135k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $166,840 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.00% ✓
• Cap rate: 7.20%
• Cash-on-cash: 3.23%
• DSCR: 1.14
• GRM: 8.3

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: -14.7%
• Equity multiple: 0.49×
• Total profit: $-24,623
• Equity at exit: $25,646

10-year hold

• IRR: -12.3%
• Equity multiple: 0.37×
• Total profit: $-30,137
• Equity at exit: $14,871

Cash invested: $48,160 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 321
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,725 high
• Mortgage (P&I): −$902
• Tax from tax record: −$259 /mo · $3,113/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $130

Break-even live

Break-even rent $1,561

Max offer price $172,000

Occupancy floor 87%

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1199 Jordan Ct NE Unit B Palm Bay, FL	2.0	1.0	800	$1,000	$1.25	19d	1	0.20mi
1010 Bianca Dr NE Palm Bay, FL	3.0	2.0	1260	$1,800	$1.43	14d	1	0.21mi
1026 Bacon Cir NE Unit A Palm Bay, FL	2.0	1.0	1488	$1,395	$0.94	23d	1	0.34mi
2485 Port Malabar Blvd NE Palm Bay, FL	3.0	1.0–3.0	1181	$3,510	$2.97	14d	301	0.34mi
1452 Turkey Creek Dr NE Palm Bay, FL	2.0	2.0	958	$1,500	$1.57	23d	1	0.35mi
2780 Floresta Dr NE Palm Bay, FL	3.0	2.0	1120	$1,750	$1.56	23d	1	0.46mi
772 Cadez St NE Palm Bay, FL	3.0	2.0	1428	$1,641	$1.15	21d	1	0.65mi
1051 Clearmont St NE Unit 202 Palm Bay, FL	2.0	2.0	993	$1,480	$1.49	19d	1	1.08mi

Listing history 14 events

1. 2026-05-14
   status Pending
2. 2026-03-26
   historical Active Under Contract
3. 2026-03-17
   listed $172,000 Active
4. 2020-05-20
   soldstatus $135,000 Closed 412-char remark

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

5. 2020-05-20
   soldstatus $135,000

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

6. 2020-04-03
   historical Contingent 412-char remark

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

7. 2020-03-25
   status Active 412-char remark

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

8. 2020-03-16
   historical Contingent 412-char remark

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

9. 2020-03-13
   listed $129,900 Active 412-char remark

   Show marketing remark (412 chars)

   Affordable 2 bedroom, 1 bath home waiting for new owner. Light and bright tiled living area. Nicely equipped kitchen with island. Bedroom floors are laminate. bathroom has tub/shower combination. Large fenced backyard to enjoy the Florida weather. 1 car garage with laundry area. New roof in 2018. Home is located in desirable area of NE Palm Bay with sidewalks, street lights. Close to major roads and shopping.

10. 2018-09-18
    soldstatus $78,500 113-char remark

    Show marketing remark (113 chars)

    Great investor home - Tenant in place and wants to stay! 2 bedroom 1 bath home on large lot. Kitchen remodeled.

11. 2018-07-10
    listed $99,950 113-char remark

    Show marketing remark (113 chars)

    Great investor home - Tenant in place and wants to stay! 2 bedroom 1 bath home on large lot. Kitchen remodeled.

12. 2004-03-26
    soldstatus $70,000
13. 1995-02-15
    soldstatus $38,900
14. 1984-06-01
    soldstatus $32,000

ⓘ 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: $3,113 · $259/mo
• Projected year-2 tax: $3,113 · $259/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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $20,697
• − Mortgage interest: −$9,635
• − Property taxes: −$3,113
• − Insurance: −$860
• − Repairs & maintenance: −$1,656
• − Management: −$1,656
• − Depreciation: −$5,004
• Taxable loss: −$1,225
• Est. tax savings @ 24.0%: +$294
• After-tax cash flow: $1,848/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): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

+437.5% since first listed

14 events — show timeline

• 2026-05-14 Pending — SCMLS
• 2026-03-26 Contingent — SCMLS
• 2026-03-17 Listed $172,000 SCMLS
• 2020-05-20 Sold (Public Records) $135,000 Public Records
• 2020-05-20 Sold (MLS) $135,000 SCMLS
• 2020-04-03 Contingent — SCMLS
• 2020-03-25 Relisted — SCMLS
• 2020-03-16 Contingent — SCMLS
• 2020-03-13 Listed $129,900 SCMLS
• 2018-09-18 Sold (MLS) $78,500 SCMLS
• 2018-07-10 Listed $99,950 SCMLS
• 2004-03-26 Sold (Public Records) $70,000 Public Records
• 1995-02-15 Sold (Public Records) $38,900 Public Records
• 1984-06-01 Sold (Public Records) $32,000 Public Records

Property tax history

+12.4%/yr

Latest (2025): $3,113 · +127.4% YoY. Source: county tax records.