338 Holiday Park Blvd NE · Palm Bay, FL 32907

$110,000

2 bd · 2.0 ba · 784 sqft · Manufactured public records · 145 Days on market

Built 1980 6,098 sqft lot

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Why this score? — see what drove the B- 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 +28.9/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

Key facts

• Updated baths
• New shower
• New appliances

Tags

• UPDATED KITCHEN
• NEW APPLIANCES
• UPDATED BATHS
• NEW SHOWER
• HEATED FLORIDA ROOM
• ENCLOSED PORCH

Property features AI

Finance

• Other: Partially furnished
• HOA & community: Senior community; Gated with guard

Exterior

• Parking: Carport (1 space)
• Security: 24-hour security; Gated with guard
• Utilities: Public sewer; Cable connected; Electricity connected; Sewer connected; Water available; Natural gas not available; Other utilities available
• Home design: Manufactured home; Faces northeast
• Construction: Aluminum siding; Vinyl siding
• Exterior features: Corner lot; Gated community with 24-hour security

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Pantry; Primary bathroom with shower (no tub)
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $372 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% 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: Lockmar Elementary School (math 45% / reading 53%, grade D, #1,134 of 2,144 statewide, top 54%, 583 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% 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 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 55% district-wide (-15 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 739 active listings in the ZIP; 19 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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 145 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $9k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price.
• 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 $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
6. 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.
7. 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: 1.50% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.49%
• DSCR: 1.64
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: 2.3%
• Equity multiple: 1.09×
• Total profit: $2,626
• Equity at exit: $16,401

10-year hold

• IRR: 9.5%
• Equity multiple: 1.65×
• Total profit: $20,060
• Equity at exit: $9,511

Cash invested: $30,800 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,651 high
• Mortgage (P&I): −$577
• Tax from tax record: −$310 /mo · $3,715/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $372

Break-even live

Break-even rent $1,180

Max offer price $110,000

Occupancy floor 72%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	23d	1	0.06mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	1.10mi
1635 Par St NE Unit 2103 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.20mi
1605 Par St NE Unit 3102 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.21mi
1625 Par St NE Unit 1107 Palm Bay, FL	2.0	2.0	1025	$1,875	$1.83	23d	1	1.23mi
1625 Par St NE Unit 1104 Palm Bay, FL	2.0	2.0	1025	$2,100	$2.05	23d	1	1.23mi
1698 Sunny Brook Ln NE Unit G109 Palm Bay, FL	1.0	1.0	658	$1,200	$1.82	19d	1	1.30mi
100 Larch Cir NE Palm Bay, FL	1.0–2.0	1.0–2.0	1013	$1,775	$1.75	14d	16	1.31mi
1687 Avery Rd NE Palm Bay, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.35mi
1656 Sunny Brook Ln NE Unit L102 Palm Bay, FL	3.0	2.0	914	$1,690	$1.85	21d	1	1.36mi
1608 Sunny Brook Ln Palm Bay, FL	1.0–3.0	1.0–2.0	1040	$1,412	$1.36	23d	6	1.39mi
993 Sonesta Ave NE Unit A-103 Palm Bay, FL	2.0	2.0	825	$1,350	$1.64	23d	1	1.47mi
1311 Cindy Cir NE Palm Bay, FL	2.0	2.0	865	$1,700	$1.97	23d	1	1.48mi
1440 Sheafe Ave NE Palm Bay, FL	2.0	2.0	793	$1,500	$1.89	21d	1	1.48mi
1440 Sheafe Ave NE #112 Palm Bay, FL	2.0	2.0	793	$1,500	$1.89	23d	1	1.49mi
1601 Sunny Brook Ln NE Unit D101 Palm Bay, FL	2.0	2.0	846	$1,550	$1.83	23d	1	1.49mi
1641 Sunny Brook Ln NE Palm Bay, FL	2.0	2.0	862	$1,500	$1.74	14d	3	1.49mi
1625 Sunny Brook Ln NE Unit G103 Palm Bay, FL	3.0	2.0	914	$1,700	$1.86	23d	1	1.49mi
1649 Sunny Brook Ln NE Palm Bay, FL	1.0–2.0	1.0–2.0	760	$1,950	$2.57	14d	2	1.49mi

Listing history 16 events

1. 2026-04-21
   price $110,000
2. 2026-03-22
   price $116,999
3. 2026-01-03
   listed $119,000 Active
4. 2025-11-29
   historical 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

5. 2025-10-30
   price $130,000 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

6. 2025-10-30
   price $13,000,000 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

7. 2025-10-30
   price $130,000,000 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

8. 2025-10-30
   price $13,000,000 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

9. 2025-10-30
   listed $13,000 Active 428-char remark

   Show marketing remark (428 chars)

   GREAT HOME WITH A LOT OF EXTRA OUTSIDE AREA AND BUILDINGS. MORE PHOTOS ARE COMING SOON. UPDATED KITCHEN WITH NEW APPLIANCES. UPDATED BATHS AND NEW SHOWER IN THE PRIMARY BATH. FLORIDA ROOM IS HEATED AND HAS AC. GREAT EXTRA SPACE FOR VISITORS AND GUESTS. SHOW BIG AND NEW FLOORING AND PAINT THUR OUT. HAS ENCLOSED PORCH ON THE SIDE OF THE HOME. EXTRA STORAGE BUILDING. UTILITY ROOM OFF CARPORT WITH WASHER AND DRYER. EASY TO SHOW.

10. 2022-03-25
    soldstatus $122,429
11. 2022-03-24
    soldstatus $122,500 Closed 804-char remark

    Show marketing remark (804 chars)

    Welcome to Florida! This very well-maintained home in sought after 55+ Holiday Park with numerous activities, a 24-hr. guarded gate and 2 Pools is a great way to enjoy Florida. This home has a beautiful unique Garden Paver Patio and surrounding grounds of Plants and fruit trees to enjoy outdoor entertaining lifestyle. The interior boasts all new upgraded interior doors, Laminate Flooring & Tile in all areas except bedrooms, custom painted walls, Tiled Bathrooms, Modern updated Samsung & Whirlpool appliances with an induction oven. The additional flex room is under full AC & Tiled. There is an attached 13x14 utility room, an outdoor shed and an additional 12ft box for all your storage & tool needs. This is not your ordinary Manufactured Home; the pride is in the details.

12. 2022-03-08
    historical Backups 804-char remark

    Show marketing remark (804 chars)

    Welcome to Florida! This very well-maintained home in sought after 55+ Holiday Park with numerous activities, a 24-hr. guarded gate and 2 Pools is a great way to enjoy Florida. This home has a beautiful unique Garden Paver Patio and surrounding grounds of Plants and fruit trees to enjoy outdoor entertaining lifestyle. The interior boasts all new upgraded interior doors, Laminate Flooring & Tile in all areas except bedrooms, custom painted walls, Tiled Bathrooms, Modern updated Samsung & Whirlpool appliances with an induction oven. The additional flex room is under full AC & Tiled. There is an attached 13x14 utility room, an outdoor shed and an additional 12ft box for all your storage & tool needs. This is not your ordinary Manufactured Home; the pride is in the details.

13. 2022-03-01
    listed $125,500 Active 804-char remark

    Show marketing remark (804 chars)

    Welcome to Florida! This very well-maintained home in sought after 55+ Holiday Park with numerous activities, a 24-hr. guarded gate and 2 Pools is a great way to enjoy Florida. This home has a beautiful unique Garden Paver Patio and surrounding grounds of Plants and fruit trees to enjoy outdoor entertaining lifestyle. The interior boasts all new upgraded interior doors, Laminate Flooring & Tile in all areas except bedrooms, custom painted walls, Tiled Bathrooms, Modern updated Samsung & Whirlpool appliances with an induction oven. The additional flex room is under full AC & Tiled. There is an attached 13x14 utility room, an outdoor shed and an additional 12ft box for all your storage & tool needs. This is not your ordinary Manufactured Home; the pride is in the details.

14. 2000-04-10
    soldstatus $40,000
15. 1996-12-12
    soldstatus $41,000
16. 1981-01-01
    soldstatus $18,500

ⓘ 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: $3,715 · $310/mo
• Projected year-2 tax: $3,715 · $310/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $19,811
• − Mortgage interest: −$6,162
• − Property taxes: −$3,715
• − Insurance: −$550
• − Repairs & maintenance: −$1,585
• − Management: −$1,585
• − Depreciation: −$3,200
• Taxable income: $3,014
• Est. tax owed @ 24.0%: −$723
• After-tax cash flow: $3,740/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+494.6% since first listed

16 events — show timeline

• 2026-04-21 Price Changed $110,000 SCMLS
• 2026-03-22 Price Changed $116,999 SCMLS
• 2026-01-03 Listed $119,000 SCMLS
• 2025-11-29 Listing Removed — SCMLS
• 2025-10-30 Price Changed $130,000 SCMLS
• 2025-10-30 Price Changed $13,000,000 SCMLS
• 2025-10-30 Price Changed $130,000,000 SCMLS
• 2025-10-30 Price Changed $13,000,000 SCMLS
• 2025-10-30 Listed $13,000 SCMLS
• 2022-03-25 Sold (Public Records) $122,429 Public Records
• 2022-03-24 Sold (MLS) $122,500 SCMLS
• 2022-03-08 Contingent — SCMLS
• 2022-03-01 Listed $125,500 SCMLS
• 2000-04-10 Sold (Public Records) $40,000 Public Records
• 1996-12-12 Sold (Public Records) $41,000 Public Records
• 1981-01-01 Sold (Public Records) $18,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $3,715 · +0.2% YoY. Source: county tax records.