2521 Pond St · Melbourne, FL 32901

$225,900

6 bd · 4.0 ba · 2,132 sqft · Land · 83 Days on market

Built 2016 9,583 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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Schools +4.7/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

Key facts

• Fully gutted
• Exposed framing
• City water and sewer

Tags

• QUIET DEAD-END STREET
• CITY WATER AND SEWER
• SOLID ROOF
• FULLY GUTTED
• EXPOSED FRAMING
• SPACIOUS LAYOUT

Property features AI

Exterior

• Parking: Attached garage; 4 garage spaces
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water available
• Home design: Single family residence; One level; Faces southwest
• Construction: Concrete and stucco construction; Shingle roof
• Exterior features: Side porch; Cleared lot; City street and private road frontage; Asphalt/paved road access

Interior

• Kitchen: No appliances included
• Bedrooms: 6 bedrooms
• Flooring: Concrete
• Bathrooms: 4 full bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: Concrete flooring
• Laundry & utility: Unfurnished (no built-in laundry listed)

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath land listed at $226k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $226k).
• Recommended offer: $212k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Harbor City Elementary School (math 57% / reading 47%, grade C-, #990 of 2,144 statewide, top 48%, 403 students, 70% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% FRL); Melbourne Senior High School (math 43% / reading 57%, grade D+, #175 of 667 statewide, top 27%, 2,249 students, 31% FRL).
• Market conditions: Rents rising (+1.7%/yr); 201 active listings in the ZIP; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• At $2,410/mo this rent would consume 53% of the median local household income ($55k/yr) (locally 2018% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 83 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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 $150k; list at $226k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $212,346 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.07% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.72×
• Total profit: $-17,856
• Equity at exit: $33,682

10-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $261
• Equity at exit: $19,532

Cash invested: $63,252 (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 32901

• Home prices YoY: -31.0%
• Rents YoY: 1.7%
• Active inventory: 201
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,410 medium
• Mortgage (P&I): −$1,185
• Tax est. 1.5%: −$282 /mo · $3,388/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $343

Break-even live

Break-even rent $1,976

Max offer price $225,900

Occupancy floor 81%

Sensitivity live

Price	-10% $499	-5% $421	+0% $343	+5% $265	+10% $187
Rent	-10% $152	-5% $247	+0% $343	+5% $438	+10% $533
Rate	-1.0pp $456	-0.5pp $400	base $343	+0.5pp $284	+1.0pp $225

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: $56,475
• Closing costs: $6,777
• Reserves months: —
• Total cash needed: —

Listing history 46 events

1. 2026-06-22
   days on market $225,900 Active 83 DOM
2. 2026-06-18
   days on market $225,900 Active 80 DOM
3. 2026-06-17
   days on market $225,900 Active 79 DOM
4. 2026-06-16
   days on market $225,900 Active 78 DOM
5. 2026-06-15
   days on market $225,900 Active 77 DOM
6. 2026-06-14
   days on market $225,900 Active 75 DOM
7. 2026-06-10
   days on market $225,900 Active 72 DOM
8. 2026-06-08
   days on market $225,900 Active 70 DOM
9. 2026-06-07
   days on market $225,900 Active 69 DOM
10. 2026-06-05
    days on market $225,900 Active 66 DOM
11. 2026-06-03
    days on market $225,900 Active 65 DOM
12. 2026-06-03
    price $225,900 Active 64 DOM
13. 2026-06-02
    days on market $226,900 Active 64 DOM
14. 2026-06-01
    days on market $226,900 Active 63 DOM
15. 2026-05-31
    days on market $226,900 Active 62 DOM
16. 2026-05-31
    days on market $226,900 Active 61 DOM
17. 2026-05-13
    status Active
18. 2026-05-10
    status Pending
19. 2026-04-20
    price $226,900
20. 2026-04-10
    price $227,900
21. 2026-04-07
    price $229,000
22. 2026-03-30
    status Active
23. 2026-03-30
    price $235,000
24. 2026-02-19
    status Pending
25. 2026-02-09
    listed $225,000 Active
26. 2022-12-22
    soldstatus $149,900
27. 2022-11-22
    soldstatus $149,900 Closed 187-char remark

    Show marketing remark (187 chars)

    INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

28. 2022-10-25
    status Pending 187-char remark

    Show marketing remark (187 chars)

    INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

29. 2022-10-25
    status Active 187-char remark

    Show marketing remark (187 chars)

    INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

30. 2022-10-15
    status Pending 187-char remark

    Show marketing remark (187 chars)

    INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

31. 2022-10-14
    listed $149,900 Active 187-char remark

    Show marketing remark (187 chars)

    INVESTOR ALERT!! Here is your chance to be creative. Partially built structure zoned single family. No documents on file. Please contact City of Melbourne Building Department for details.

32. 2022-10-10
    soldstatus $137,000
33. 2022-08-19
    soldstatus $135,000
34. 2022-07-28
    soldstatus $135,000 Closed 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

35. 2022-07-27
    status Pending 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

36. 2022-07-19
    status Active 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

37. 2022-07-18
    price $135,000 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

38. 2022-07-18
    status Active 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

39. 2022-07-18
    historical 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

40. 2021-12-06
    historical Contingent 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

41. 2021-11-20
    listed $100,000 Active 312-char remark

    Show marketing remark (312 chars)

    Back on Market. no trespassing / construction site/ many hazards: SHELL OF BUILDING UNDER CONSTRUCTION Partially built structure. Looks to be a duplex in a single family dwelling location. Zoned single family!! Please reach out to the City of Melbourne Building Department for specifics. No documents on file.

42. 2007-08-23
    soldstatus $25,000
43. 1995-06-19
    soldstatus $11,700
44. 1983-09-01
    soldstatus $17,000
45. 1978-06-01
    soldstatus $6,000
46. 1978-04-01
    soldstatus $20,000

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $28,919
• − Mortgage interest: −$12,654
• − Property taxes: −$3,388
• − Insurance: −$1,130
• − Repairs & maintenance: −$2,313
• − Management: −$2,313
• − Depreciation: −$6,572
• Taxable income: $548
• Est. tax owed @ 24.0%: −$132
• After-tax cash flow: $3,980/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 — Melbourne

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Melbourne, FL
• County: Brevard County · 602,871 people
• City population: 178,420
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 28,923
• Household income: $54,651
• Rent vs Own: 50.6% rent · 49.4% own
• Severe rent burden: 2018.0

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 0.56)
• Race & ethnicity: White 62% Black 18% Hispanic / Latino 11% Two or more races 8% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 1%
• Foreign-born: 14% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Vietnamese 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: ▼ -145.13%
• Current HPI: 322.934
• Rent YoY: ▲ 1.70%
• 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

+1034.5% since first listed

30 events — show timeline

• 2026-05-13 Relisted — SCMLS
• 2026-05-10 Pending — SCMLS
• 2026-04-20 Price Changed $226,900 SCMLS
• 2026-04-10 Price Changed $227,900 SCMLS
• 2026-04-07 Price Changed $229,000 SCMLS
• 2026-03-30 Relisted — SCMLS
• 2026-03-30 Price Changed $235,000 SCMLS
• 2026-02-19 Pending — SCMLS
• 2026-02-09 Listed $225,000 SCMLS
• 2022-12-22 Sold (Public Records) $149,900 Public Records
• 2022-11-22 Sold (MLS) $149,900 SCMLS
• 2022-10-25 Pending — SCMLS
• 2022-10-25 Relisted — SCMLS
• 2022-10-15 Pending — SCMLS
• 2022-10-14 Listed $149,900 SCMLS
• 2022-10-10 Sold (Public Records) $137,000 Public Records
• 2022-08-19 Sold (Public Records) $135,000 Public Records
• 2022-07-28 Sold (MLS) $135,000 SCMLS
• 2022-07-27 Pending — SCMLS
• 2022-07-19 Relisted — SCMLS
• 2022-07-18 Price Changed $135,000 SCMLS
• 2022-07-18 Relisted — SCMLS
• 2022-07-18 Listing Removed — SCMLS
• 2021-12-06 Contingent — SCMLS
• 2021-11-20 Listed $100,000 SCMLS
• 2007-08-23 Sold (Public Records) $25,000 Public Records
• 1995-06-19 Sold (Public Records) $11,700 Public Records
• 1983-09-01 Sold (Public Records) $17,000 Public Records
• 1978-06-01 Sold (Public Records) $6,000 Public Records
• 1978-04-01 Sold (Public Records) $20,000 Public Records

Property tax history

+21.5%/yr

Latest (2025): $333 · +21.3% YoY. Source: county tax records.