418 Haleybury St SW · Palm Bay, FL 32908

$393,900

5 bd · 3.0 ba · 1,984 sqft · Land · 284 Days on market

Built 2026 10,454 sqft lot

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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

The Coral floor plan offers the perfect blend of space, comfort, and functionality, making it an ideal choice for families of all sizes. Featuring five spacious bedrooms, including a private master retreat with a dual sink vanity and walk-in closet, this home provides flexibility for everything from a home office to a guest room. The open-concept layout seamlessly connects the family room, kitchen, and separate dining room, creating an inviting space for everyday living and entertaining. A spacious covered patio extends the living area outdoors--perfect for relaxing evenings with family and friends. Both the front and back yards are beautifully landscaped with Florida native plants, adding

Key facts

• Walk-in closet
• Covered patio
• Dual sink vanity

Tags

• PRIVATE MASTER RETREAT
• DUAL SINK VANITY
• WALK-IN CLOSET
• OPEN-CONCEPT LAYOUT
• COVERED PATIO
• GENEROUS BACKYARD

Property features AI

Exterior

• Parking: Attached covered garage with automatic door opener; 2 garage spaces
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: Aerobic septic system; Water available; Electricity available; Cable available; Energy-efficient appliances, HVAC, water heater and windows
• Home design: Single family residence; One story; North-facing; New construction
• Construction: Block, concrete and other construction materials; Shingle roof
• Exterior features: Covered patio; Storm shutters; Sprinklers in front and rear

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Microwave; Refrigerator
• Bedrooms: 5 bedrooms, all on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 3 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning (electric)
• Interior features: Ceiling fans; Kitchen island; Pantry; Primary bathroom with shower (no tub); Walk-in closets; 8 total rooms
• Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath land listed at $394k.

Deal economics

• At list price, monthly cash flow is $-527 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $318k (19.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $278k (29.4% below list).
• Recommended offer: $278k (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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% 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 (+1.3%/yr); 1030 active listings in the ZIP; 9 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 42% 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 $3k of loan paydown is wiped out by about $12k 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 284 days — a 12% lower offer ($347k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $47k; list at $394k implies a 738% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $277,903 (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 284 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: -5.73%
• 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: 0.07×
• Total profit: $-102,035
• Equity at exit: $58,732

10-year hold

• IRR: -34.7%
• Equity multiple: -0.36×
• Total profit: $-150,518
• Equity at exit: $34,057

Cash invested: $110,292 (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: $2,779 high
• Mortgage (P&I): −$2,066
• Tax est. 1.5%: −$492 /mo · $5,908/yr
• Insurance: −$164
• HOA: −$0
• Vacancy / Maint / Mgmt: −$584
• Net cashflow: $-527

Break-even live

Break-even rent $3,446

Max offer price $317,683

Occupancy floor —

Sensitivity live

Price	-10% $-255	-5% $-391	+0% $-527	+5% $-663	+10% $-799
Rent	-10% $-746	-5% $-636	+0% $-527	+5% $-417	+10% $-307
Rate	-1.0pp $-328	-0.5pp $-427	base $-527	+0.5pp $-629	+1.0pp $-733

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: $98,475
• Closing costs: $11,817
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	16d	1	0.66mi
2008 Olympia Ave SW Palm Bay, FL	4.0	2.0	1828	$2,500	$1.37	25d	1	0.73mi
439 Gancedo St SW Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	0.75mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.98mi
1897 Gould Ave SW Palm Bay, FL	4.0	2.0	1555	$1,850	$1.19	25d	1	1.07mi
1718 Sawgrass Dr SW Palm Bay, FL	4.0	2.5	2248	$2,400	$1.07	25d	1	1.26mi
448 Saint Andre Blvd SW Palm Bay, FL	4.0	2.0	2088	$4,000	$1.92	25d	1	1.32mi
1043 Corbin Cir SW Palm Bay, FL	4.0	2.5	2548	$2,600	$1.02	25d	1	1.32mi
844 Corbin Cir SW Palm Bay, FL	4.0	2.0	2118	$2,500	$1.18	25d	1	1.43mi

Listing history 20 events

1. 2026-06-22
   days on market $393,900 Active 284 DOM
2. 2026-06-18
   days on market $393,900 Active 281 DOM
3. 2026-06-17
   days on market $393,900 Active 280 DOM
4. 2026-06-16
   days on market $393,900 Active 279 DOM
5. 2026-06-15
   days on market $393,900 Active 278 DOM
6. 2026-06-14
   days on market $393,900 Active 276 DOM
7. 2026-06-10
   days on market $393,900 Active 273 DOM
8. 2026-06-08
   days on market $393,900 Active 271 DOM
9. 2026-06-07
   days on market $393,900 Active 270 DOM
10. 2026-06-05
    days on market $393,900 Active 267 DOM
11. 2026-06-03
    days on market $393,900 Active 266 DOM
12. 2026-06-02
    days on market $393,900 Active 265 DOM
13. 2026-06-01
    days on market $393,900 Active 264 DOM
14. 2026-05-31
    days on market $393,900 Active 263 DOM
15. 2026-05-31
    days on market $393,900 Active 262 DOM
16. 2025-09-10
    listed $393,900 Active
17. 2023-11-21
    soldstatus $47,000
18. 2004-09-23
    soldstatus $35,000
19. 2003-11-18
    soldstatus $16,000
20. 2003-10-02
    soldstatus $5,000

ⓘ 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 · 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: $33,348
• − Mortgage interest: −$22,065
• − Property taxes: −$5,908
• − Insurance: −$1,970
• − Repairs & maintenance: −$2,668
• − Management: −$2,668
• − Depreciation: −$11,459
• Taxable loss: −$13,389
• Est. tax savings @ 24.0%: +$3,213
• After-tax cash flow: $-3,107/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

+7778.0% since first listed

5 events — show timeline

• 2025-09-10 Listed $393,900 SCMLS
• 2023-11-21 Sold (Public Records) $47,000 Public Records
• 2004-09-23 Sold (Public Records) $35,000 Public Records
• 2003-11-18 Sold (Public Records) $16,000 Public Records
• 2003-10-02 Sold (Public Records) $5,000 Public Records

Property tax history

+21.2%/yr

Latest (2025): $746 · +12.5% YoY. Source: county tax records.