726 Diplomat Ave SE · Palm Bay, FL 32909

$240,000

3 bd · 2.0 ba · 1,205 sqft · SingleFamily public records · 36 Days on market

Built 1983 10,019 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 +14.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +4.6/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Palm Bay pool home offering a 3-bedroom, 2-bath split-plan layout with a fenced backyard and attached two-car garage. The home features a spacious main living area with natural light, tile flooring in several areas, and a primary bedroom with en-suite bathroom. The split-bedroom design provides added privacy, and the backyard offers poolside potential for outdoor living and entertaining. Conveniently located near shopping, dining, schools, commuter routes, and area amenities. Property is sold as-is. Buyer and buyer's agent to verify all information, property condition, room dimensions, systems, permits, and suitability.

Key facts

• Natural light
• Split-bedroom design
• Tile flooring

Tags

• FENCED BACKYARD
• POOLSIDE POTENTIAL
• SPLIT-BEDROOM DESIGN
• NATURAL LIGHT
• TILE FLOORING
• ATTACHED TWO-CAR GARAGE

Property features AI

Finance

• Other: Residential, zoned RS2
• Financial info: Lease restrictions apply
• HOA & community: No association indicated

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Septic tank sewer; Electricity available; Solar energy generation
• Home design: Single family residence; One story; Faces east
• Construction: Frame and other construction materials; Shingle roof; Slab foundation; Built on 0.23-acre lot (approx. 80 x 125)
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: No appliances listed
• Bedrooms: Three bedrooms
• Flooring: Other flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom layout; Five total rooms
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $70 ($839/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 $203k (15.3% below list).
• Recommended offer: $203k (15.3% 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 (+3.7%/yr); 1111 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $57k; list at $240k implies a 321% 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 $203,292 (15.3% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.85% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.25%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.67% rent growth · sell at horizon

5-year hold

• IRR: 25.4%
• Equity multiple: 3.03×
• Total profit: $136,496
• Equity at exit: $216,211

10-year hold

• IRR: 22.5%
• Equity multiple: 6.97×
• Total profit: $401,247
• Equity at exit: $466,267

Cash invested: $67,200 (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 32909

• Home prices YoY: 6.0%
• Rents YoY: 3.7%
• Active inventory: 1111
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,033 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$178 /mo · $2,130/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $70

Break-even live

Break-even rent $1,944

Max offer price $240,000

Occupancy floor 92%

Sensitivity live

Price	-10% $206	-5% $138	+0% $70	+5% $2	+10% $-66
Rent	-10% $-91	-5% $-10	+0% $70	+5% $150	+10% $230
Rate	-1.0pp $191	-0.5pp $131	base $70	+0.5pp $8	+1.0pp $-56

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	15d	8	0.45mi
800 Starland St SE Palm Bay, FL	2.0	1.0	904	$1,650	$1.83	24d	1	0.49mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	24d	1	0.51mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	15d	1	0.53mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	15d	30	0.64mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	24d	1	0.69mi
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	15d	1	0.73mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	24d	1	0.78mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	24d	1	0.78mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	24d	1	0.90mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	15d	17	0.97mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	19d	1	1.10mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	24d	1	1.26mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	24d	1	1.26mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	24d	1	1.28mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	24d	1	1.31mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	24d	1	1.32mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	24d	1	1.40mi
1630 Agnes Ave SE Palm Bay, FL	3.0	2.0	924	$1,749	$1.89	19d	1	1.44mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	14d	1	1.45mi
1072 Genesee Ave SE Palm Bay, FL	3.0	2.0	1004	$1,855	$1.85	24d	1	1.45mi

Listing history 25 events

1. 2026-06-18
   days on market $240,000 Active 36 DOM
2. 2026-06-17
   days on market $240,000 Active 35 DOM
3. 2026-06-16
   days on market $240,000 Active 34 DOM
4. 2026-06-15
   days on market $240,000 Active 33 DOM
5. 2026-06-14
   days on market $240,000 Active 31 DOM
6. 2026-06-10
   pricedays on market $240,000 Active 28 DOM
7. 2026-06-08
   days on market $255,000 Active 26 DOM
8. 2026-06-07
   days on market $255,000 Active 25 DOM
9. 2026-06-05
   days on market $255,000 Active 22 DOM
10. 2026-06-03
    days on market $255,000 Active 21 DOM
11. 2026-06-02
    days on market $255,000 Active 20 DOM
12. 2026-06-01
    days on market $255,000 Active 19 DOM
13. 2026-05-31
    days on market $255,000 Active 18 DOM
14. 2026-05-31
    days on market $255,000 Active 17 DOM
15. 2026-05-13
    listed $255,000 Active 675-char remark

    Show marketing remark (675 chars)

    One or more photo(s) has been virtually staged. Palm Bay pool home offering a 3-bedroom, 2-bath split-plan layout with a fenced backyard and attached two-car garage. The home features a spacious main living area with natural light, tile flooring in several areas, and a primary bedroom with en-suite bathroom. The split-bedroom design provides added privacy, and the backyard offers poolside potential for outdoor living and entertaining. Conveniently located near shopping, dining, schools, commuter routes, and area amenities. Property is sold as-is. Buyer and buyer's agent to verify all information, property condition, room dimensions, systems, permits, and suitability.

16. 2026-05-13
    listed $255,000 Active

    Show marketing remark (675 chars)

    One or more photo(s) has been virtually staged. Palm Bay pool home offering a 3-bedroom, 2-bath split-plan layout with a fenced backyard and attached two-car garage. The home features a spacious main living area with natural light, tile flooring in several areas, and a primary bedroom with en-suite bathroom. The split-bedroom design provides added privacy, and the backyard offers poolside potential for outdoor living and entertaining. Conveniently located near shopping, dining, schools, commuter routes, and area amenities. Property is sold as-is. Buyer and buyer's agent to verify all information, property condition, room dimensions, systems, permits, and suitability.

17. 2025-06-09
    status Pending
18. 2025-05-24
    listed $270,000 Active
19. 2025-05-12
    status Pending
20. 2025-05-12
    status Active
21. 2025-05-07
    status Pending
22. 2025-05-06
    historical
23. 2025-04-14
    listed $270,000 Active
24. 1983-07-01
    soldstatus $57,000
25. 1981-05-01
    soldstatus $8,000

ⓘ 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: $2,130 · $178/mo
• Projected year-2 tax: $2,130 · $178/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 1/10 Low
• 🌡 Heat 10/10 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: $24,395
• − Mortgage interest: −$13,444
• − Property taxes: −$2,130
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,952
• − Management: −$1,952
• − Depreciation: −$6,982
• Taxable loss: −$3,264
• Est. tax savings @ 24.0%: +$783
• After-tax cash flow: $1,622/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): 41,804
• Household income: $79,977
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 697.0

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 0.70)
• Race & ethnicity: White 46% Black 21% Hispanic / Latino 20% Two or more races 16% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 5%
• Common ancestry: Hispanic 3% Slovak 2% Lithuanian 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 9% French/Haitian/Cajun 4% Chinese 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: ▲ 18.81%
• Current HPI: 330.8595
• Rent YoY: ▲ 3.67%
• 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

+3087.5% since first listed

11 events — show timeline

• 2026-05-13 Listed $255,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Listed $255,000 SCMLS
• 2025-06-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-24 Listed $270,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-12 Pending — SCMLS
• 2025-05-12 Relisted — SCMLS
• 2025-05-07 Pending — SCMLS
• 2025-05-06 Listing Removed — SCMLS
• 2025-04-14 Listed $270,000 SCMLS
• 1983-07-01 Sold (Public Records) $57,000 Public Records
• 1981-05-01 Sold (Public Records) $8,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,130 · +2.7% YoY. Source: county tax records.