775 Winchell St SW · Palm Bay, FL 32908

$254,000

3 bd · 2.0 ba · 1,116 sqft · SingleFamily public records · 67 Days on market

Built 1988 10,454 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).

• Cash flow +13.3/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.0/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover your dream 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and about 6 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

Key facts

• Renovated bathrooms
• Cathedral ceilings
• Huge backyard

Tags

• CATHEDRAL CEILINGS
• RENOVATED BATHROOMS
• RENOVATED KITCHEN
• HUGE BACKYARD
• QUIET NEIGHBORHOOD

Property features AI

Exterior

• Parking: 2-car garage with garage door opener
• Security: Fire alarm; Smoke detector(s)
• Utilities: Septic tank; Cable available; Electricity available
• Home design: Single family residence; Faces south
• Construction: Frame and stucco construction; Tile roof
• Exterior features: Patio; Lot includes other features

Interior

• Kitchen: Electric range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Primary bathroom with shower (no tub); Fire alarm and smoke detectors
• Laundry & utility: Washer and dryer; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $254k.

Deal economics

• At list price, monthly cash flow is $-2 ($-24/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (18.6% below list).
• Recommended offer: $207k (18.6% 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; 17 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 $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 67 days — a 6% lower offer ($239k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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 $55k; list at $254k implies a 362% 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 $206,877 (18.6% 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 67 days. Have you received any prior offers? Is the seller open to a 19% 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: 0.81% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.03%
• DSCR: 1.00
• GRM: 10.2

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: -18.2%
• Equity multiple: 0.37×
• Total profit: $-44,827
• Equity at exit: $37,872

10-year hold

• IRR: -14.0%
• Equity multiple: 0.25×
• Total profit: $-53,243
• Equity at exit: $21,961

Cash invested: $71,120 (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 32908

• Home prices YoY: -10.4%
• Rents YoY: 1.3%
• Active inventory: 1030
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,069 high
• Mortgage (P&I): −$1,332
• Tax from tax record: −$198 /mo · $2,382/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-2

Break-even live

Break-even rent $2,071

Max offer price $253,651

Occupancy floor 95%

Sensitivity live

Price	-10% $142	-5% $70	+0% $-2	+5% $-74	+10% $-146
Rent	-10% $-165	-5% $-84	+0% $-2	+5% $80	+10% $161
Rate	-1.0pp $126	-0.5pp $63	base $-2	+0.5pp $-68	+1.0pp $-135

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: $63,500
• Closing costs: $7,620
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
751 Winchell St SW Palm Bay, FL	3.0	2.0	1160	$1,960	$1.69	21d	1	0.03mi
2127 Jupiter Blvd SW Palm Bay, FL	3.0	2.0	1104	$1,885	$1.71	25d	1	0.31mi
403 Tillman Ave SW Palm Bay, FL	3.0	2.0	1056	$1,750	$1.66	23d	1	0.40mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	25d	1	0.63mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	25d	1	0.65mi
465 Birch Ave SW Palm Bay, FL	3.0	2.0	1252	$2,000	$1.60	25d	1	0.66mi
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	25d	1	0.67mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$1,649	$1.19	16d	6	0.78mi
1374 Jupiter Blvd NW Palm Bay, FL	3.0	2.0	1500	$1,895	$1.26	25d	1	1.05mi
1215 Hastings Rd SW Palm Bay, FL	3.0	2.0	1294	$1,775	$1.37	21d	1	1.10mi
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	16d	1	1.25mi
890 Serenade St NW Palm Bay, FL	3.0	2.0	901	$1,850	$2.05	25d	1	1.35mi
496 Iroquois Ave NW Palm Bay, FL	3.0	2.0	1128	$1,950	$1.73	25d	1	1.36mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	16d	1	1.41mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1252	$1,800	$1.44	22d	1	1.45mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1350	$1,800	$1.33	25d	1	1.45mi
874 Altona St NW Palm Bay, FL	3.0	2.0	1488	$1,955	$1.31	25d	1	1.47mi

Listing history 23 events

1. 2026-06-09
   status $254,000 Pending 67 DOM
2. 2026-06-08
   days on market $254,000 Active 67 DOM
3. 2026-06-07
   days on market $254,000 Active 66 DOM
4. 2026-06-05
   days on market $254,000 Active 63 DOM
5. 2026-06-03
   days on market $254,000 Active 62 DOM
6. 2026-06-02
   days on market $254,000 Active 61 DOM
7. 2026-06-01
   days on market $254,000 Active 60 DOM
8. 2026-05-31
   days on market $254,000 Active 59 DOM
9. 2026-05-31
   days on market $254,000 Active 58 DOM
10. 2026-05-15
    price $254,000
11. 2026-04-02
    listed $256,900 Active
12. 2025-12-10
    historical 609-char remark

    Show marketing remark (609 chars)

    Discover your dream 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and about 6 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

13. 2025-10-24
    historical Active Under Contract 609-char remark

    Show marketing remark (609 chars)

    Discover your dream 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and about 6 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

14. 2025-09-10
    listed $249,999 Active 609-char remark

    Show marketing remark (609 chars)

    Discover your dream 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and about 6 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

15. 2025-05-08
    historical 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

16. 2025-02-21
    price $264,999 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

17. 2025-02-09
    status Active 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

18. 2025-02-08
    historical 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

19. 2024-11-11
    price $269,999 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

20. 2024-08-19
    listed $279,999 Active 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

21. 2024-08-10
    historical $279,999 682-char remark

    Show marketing remark (682 chars)

    Charming 3-Bed, 2-Bath Home in Quiet Palm Bay Neighborhood. Discover your dream home in Palm Bay (Rated Top 3 of best places to live in Florida)! This gem is nestled in a serene neighborhood perfect for peaceful living, close to shopping centers, schools and parks. It comes with 2 garage spaces, tile roof, and 5 year old renovated kitchen and baths. It offers easy access to major attractions: 30 minutes to the beach, less than 60 minutes to the the Kennedy space Center, under 90 minutes to the Orlando International Airport and to Disney world. It's the ideal location for families and anyone seeking both comfort and convenience. Don't miss out on this fantastic opportunity!

22. 1993-02-28
    soldstatus $55,000
23. 1990-08-01
    soldstatus $57,000

ⓘ 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: $2,382 · $198/mo
• Projected year-2 tax: $2,382 · $198/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 3/10 Moderate
• 🌡 Heat 10/10 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: $24,825
• − Mortgage interest: −$14,228
• − Property taxes: −$2,382
• − Insurance: −$1,270
• − Repairs & maintenance: −$1,986
• − Management: −$1,986
• − Depreciation: −$7,389
• Taxable loss: −$4,415
• Est. tax savings @ 24.0%: +$1,060
• After-tax cash flow: $1,036/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

+345.6% since first listed

14 events — show timeline

• 2026-05-15 Price Changed $254,000 SCMLS
• 2026-04-02 Listed $256,900 SCMLS
• 2025-12-10 Listing Removed — SCMLS
• 2025-10-24 Contingent — SCMLS
• 2025-09-10 Listed $249,999 SCMLS
• 2025-05-08 Listing Removed — SCMLS
• 2025-02-21 Price Changed $264,999 SCMLS
• 2025-02-09 Relisted — SCMLS
• 2025-02-08 Listing Removed — SCMLS
• 2024-11-11 Price Changed $269,999 SCMLS
• 2024-08-19 Listed $279,999 SCMLS
• 2024-08-10 Coming Soon $279,999 SCMLS
• 1993-02-28 Sold (Public Records) $55,000 Public Records
• 1990-08-01 Sold (Public Records) $57,000 Public Records

Property tax history

+14.5%/yr

Latest (2025): $2,382 · -5.1% YoY. Source: county tax records.