115 Melbourne Ave · Indialantic, FL 32903

$302,000

4 bd · 2.0 ba · 2,439 sqft · SingleFamily public records · 19 Days on market

Built 2005

---

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 +26.2/30.0
• 1% rule +9.7/10.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +4.4/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located South of 5th Ave!! Perfect beachside location. Short walk to the beach in South Indialantic, Shopping, Restaurants and A rated schools! Updated 3 bedroom 2 1/2 Bath POOL home with huge, oversized bedrooms. Formal Living and Dinning room in the front when you walk in with cozy wood burning fireplace. Split floor plan with Master Bedroom in front and Secondary Bedrooms in Back. Spa-like second bath with oversized sunken tub and walk in shower. Kitchen features granite countertops, built in oven, cooktop stove, tile backsplash, built in pantry with pull out drawers overlooking the family room with gorgeous French doors to outdoor paradise! Huge fenced in backyard, unscreened pool with fountain, and large overhang patio perfect for an umbrella table.

Key facts

• Serene pond views
• Upstairs loft
• Dedicated office

Tags

• PRIVATE WATERFRONT RETREAT
• PREMIUM OVERSIZED HOMESITE
• SERENE POND VIEWS
• RESORT-STYLE OUTDOOR LIVING
• DEDICATED OFFICE
• UPSTAIRS LOFT

Property features AI

Exterior

• Home design: Built in 2005
• Construction: Living area approximately 2439 square feet
• Exterior features: Located in the Indialantic by the Sea subdivision; Street address: 115 Melbourne Ave, Indialantic, FL 32903

Interior

• Bedrooms: Bedrooms included (total living area indicates space for multiple bedrooms)
• Interior features: Open living area

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $302k.

Deal economics

• At list price, monthly cash flow is $769 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $302k).
• Recommended offer: $297k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 88/100 on livability (#6 in FL, #180 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities D-, cost of living 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 (+1.2%/yr); 172 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• At $4,426/mo this rent would consume 51% of the median local household income ($105k/yr) (locally 309% 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 $9k 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 19 days — a 2% lower offer ($297k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y 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.

Risks & watch-outs

• Watch-outs: property tax is 4.0% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $297,470 (1.5% below list)

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.47% ✓
• Cap rate: 9.35%
• Cash-on-cash: 10.91%
• DSCR: 1.49
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.2% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-7,371
• Equity at exit: $45,029

10-year hold

• IRR: 4.9%
• Equity multiple: 1.32×
• Total profit: $27,356
• Equity at exit: $26,111

Cash invested: $84,560 (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 32903

• Rents YoY: 1.2%
• Active inventory: 172
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $4,426 medium
• Mortgage (P&I): −$1,584
• Tax from tax record: −$1,018 /mo · $12,212/yr
• Insurance: −$126
• HOA: −$0
• Vacancy / Maint / Mgmt: −$929
• Net cashflow: $769

Break-even live

Break-even rent $3,452

Max offer price $302,000

Occupancy floor 78%

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: $75,500
• Closing costs: $9,060
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
311 3rd Ave Melbourne Beach, FL	4.0	5.0	3016	$5,500	$1.82	23d	1	1.33mi
311 3rd Ave Melbourne Beach, FL	4.0	5.0	3016	$5,500	$1.82	21d	1	1.33mi
1280 North Highway A1A Unit D Indialantic, FL	3.0	2.5	1800	$2,700	$1.50	23d	1	1.49mi

Listing history 20 events

1. 2026-06-15
   days on market $302,000 Active 19 DOM
2. 2026-06-14
   days on market $302,000 Active 17 DOM
3. 2026-06-10
   days on market $302,000 Active 14 DOM
4. 2026-06-08
   days on market $302,000 Active 12 DOM
5. 2026-06-07
   days on market $302,000 Active 11 DOM
6. 2026-06-05
   days on market $302,000 Active 8 DOM
7. 2026-06-03
   days on market $302,000 Active 7 DOM
8. 2026-06-02
   days on market $302,000 Active 6 DOM
9. 2026-06-01
   days on market $302,000 Active 5 DOM
10. 2026-05-31
    days on market $302,000 Active 4 DOM
11. 2026-05-28
    listed $302,000 Active
12. 2018-01-17
    historical 764-char remark

    Show marketing remark (764 chars)

    Located South of 5th Ave!! Perfect beachside location. Short walk to the beach in South Indialantic, Shopping, Restaurants and A rated schools! Updated 3 bedroom 2 1/2 Bath POOL home with huge, oversized bedrooms. Formal Living and Dinning room in the front when you walk in with cozy wood burning fireplace. Split floor plan with Master Bedroom in front and Secondary Bedrooms in Back. Spa-like second bath with oversized sunken tub and walk in shower. Kitchen features granite countertops, built in oven, cooktop stove, tile backsplash, built in pantry with pull out drawers overlooking the family room with gorgeous French doors to outdoor paradise! Huge fenced in backyard, unscreened pool with fountain, and large overhang patio perfect for an umbrella table.

13. 2018-01-08
    listed $525,000 764-char remark

    Show marketing remark (764 chars)

    Located South of 5th Ave!! Perfect beachside location. Short walk to the beach in South Indialantic, Shopping, Restaurants and A rated schools! Updated 3 bedroom 2 1/2 Bath POOL home with huge, oversized bedrooms. Formal Living and Dinning room in the front when you walk in with cozy wood burning fireplace. Split floor plan with Master Bedroom in front and Secondary Bedrooms in Back. Spa-like second bath with oversized sunken tub and walk in shower. Kitchen features granite countertops, built in oven, cooktop stove, tile backsplash, built in pantry with pull out drawers overlooking the family room with gorgeous French doors to outdoor paradise! Huge fenced in backyard, unscreened pool with fountain, and large overhang patio perfect for an umbrella table.

14. 2011-08-22
    soldstatus $324,000
15. 2011-08-18
    soldstatus $324,000 477-char remark

    Show marketing remark (477 chars)

    Exquisite updated home just steps, yes STEPS, to the beach! SOUTH Indialantic; Enjoy ocean breezes and hear surf from your glorious patio/pool area! Quality and class are evident thru-out: Crown molding, granite, stunning kitchen, gorgeous baths, true hardwood floors, lge tile, french doors. .. the list goes on. All rooms are HUGE, entertainment flow is superb. If that''s not enough, try a wine tasting under the vine-covered and paver pergola!! Spectacular beach-side home.

16. 2011-04-13
    listed $324,900 477-char remark

    Show marketing remark (477 chars)

    Exquisite updated home just steps, yes STEPS, to the beach! SOUTH Indialantic; Enjoy ocean breezes and hear surf from your glorious patio/pool area! Quality and class are evident thru-out: Crown molding, granite, stunning kitchen, gorgeous baths, true hardwood floors, lge tile, french doors. .. the list goes on. All rooms are HUGE, entertainment flow is superb. If that''s not enough, try a wine tasting under the vine-covered and paver pergola!! Spectacular beach-side home.

17. 1993-06-02
    soldstatus $163,000
18. 1988-11-01
    soldstatus $138,500
19. 1983-08-01
    soldstatus $136,000
20. 1978-01-01
    soldstatus $85,000

ⓘ 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: $12,212 · $1,018/mo
• Projected year-2 tax: $12,212 · $1,018/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 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: $53,108
• − Mortgage interest: −$16,917
• − Property taxes: −$12,212
• − Insurance: −$1,510
• − Repairs & maintenance: −$4,249
• − Management: −$4,249
• − Depreciation: −$8,785
• Taxable income: $5,186
• Est. tax owed @ 24.0%: −$1,245
• After-tax cash flow: $7,984/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 — Indialantic

• Score: 88/100
• State rank: #6
• US rank: #180

Category grades

Amenities D- Commute A Cost of living F Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indialantic, FL
• County: Brevard County · 602,871 people
• City population: 13,836
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 13,836
• Household income: $104,906
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 309.0

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: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 8% Hispanic / Latino 8% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% 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: ▼ -230.78%
• Current HPI: 349.9366
• Rent YoY: ▲ 1.20%
• 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

+255.3% since first listed

10 events — show timeline

• 2026-05-28 Listed $302,000 FSBO.com
• 2018-01-17 Listing Removed — SCMLS
• 2018-01-08 Listed $525,000 SCMLS
• 2011-08-22 Sold (Public Records) $324,000 Public Records
• 2011-08-18 Sold (MLS) $324,000 SCMLS
• 2011-04-13 Listed $324,900 SCMLS
• 1993-06-02 Sold (Public Records) $163,000 Public Records
• 1988-11-01 Sold (Public Records) $138,500 Public Records
• 1983-08-01 Sold (Public Records) $136,000 Public Records
• 1978-01-01 Sold (Public Records) $85,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $12,212 · +9.1% YoY. Source: county tax records.