1867 Cyclone St NW · Palm Bay, FL 32907

$210,000

3 bd · 2.0 ba · 1,408 sqft · SingleFamily public records · 151 Days on market

Built 1992 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 +19.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.4/10.0
• 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

SELLER WANTS SOLD !!! This 3-bedroom, 2-bath home offers a functional floor plan and endless potential. Major updates include a new roof (Sept 2024), water heater (Dec 2023), A/C unit (Sept. 2021) and garage door (March 2023). Spacious living room with sliders opens to a large yard perfect for enjoying the Florida weather. Separate dining area and kitchen with plenty of cabinet and counter space provide great flow for future updates. Additional features include a 2-car garage, city water, and a convenient location near main roads, shopping, schools, and restaurants. Full of possibilities--make it your own, flip, or rental.

Key facts

• Water heater
• Large yard
• Convenient location

Tags

• NEW ROOF
• WATER HEATER
• LARGE YARD
• SEPARATE DINING AREA
• KITCHEN WITH CABINET SPACE
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $185k (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: Discovery Elementary School (math 45% / reading 49%, grade D-, #1,191 of 2,144 statewide, top 57%, 641 students, 69% FRL); Central Middle School (math 50% / reading 48%, grade C-, #265 of 571 statewide, top 48%, 1,127 students, 53% FRL); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% FRL) — zoned schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 739 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 35% of the median local income ($75k/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 $1k of loan paydown is wiped out by about $6k 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 151 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $76k; list at $210k implies a 175% 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.04% ✓
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 8.0

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: -11.5%
• Equity multiple: 0.59×
• Total profit: $-24,088
• Equity at exit: $31,312

10-year hold

• IRR: -5.7%
• Equity multiple: 0.66×
• Total profit: $-19,805
• Equity at exit: $18,157

Cash invested: $58,800 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,184 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$312 /mo · $3,738/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $225

Break-even live

Break-even rent $1,899

Max offer price $210,000

Occupancy floor 85%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1743 Fairlight St NW Palm Bay, FL	4.0	2.0	1860	$2,250	$1.21	23d	1	0.57mi
1146 Kylar Dr NW Palm Bay, FL	4.0	2.0	1635	$2,250	$1.38	13d	1	0.83mi
1405 Pace Dr NW Palm Bay, FL	4.0	2.0	1830	$2,500	$1.37	19d	1	0.87mi
1560 Gardenton St NW Palm Bay, FL	4.0	2.0	1828	$2,200	$1.20	23d	1	0.88mi
1699 Givens Ct NW Palm Bay, FL	3.0	2.0	1458	$1,900	$1.30	14d	1	0.91mi
838 Gillen Ave NW Palm Bay, FL	3.0	2.0	1416	$1,900	$1.34	14d	1	0.98mi
1197 Gallatin Ave NW Palm Bay, FL	3.0	2.0	1734	$1,965	$1.13	19d	1	1.04mi
1572 Holbrook Rd NW Palm Bay, FL	3.0	2.0	1256	$1,945	$1.55	23d	1	1.04mi
308 Tamarind Cir NW Palm Bay, FL	3.0	2.0	1350	$2,100	$1.56	23d	1	1.06mi
938 Soleway Ave NW Palm Bay, FL	3.0	2.0	1867	$2,300	$1.23	13d	1	1.12mi
2585 Roygaris St NW Palm Bay, FL	4.0	2.0	1845	$2,650	$1.44	2d	1	1.16mi
1460 Cass Ave NW Palm Bay, FL	3.0	2.0	1254	$1,765	$1.41	23d	1	1.18mi
1337 Helvenston St NW Palm Bay, FL	3.0	2.0	1816	$1,900	$1.05	23d	1	1.19mi
1388 Hazel St NW Palm Bay, FL	3.0	2.0	1475	$1,894	$1.28	14d	1	1.38mi
1021 Locust Ave NW Palm Bay, FL	4.0	2.0	1724	$2,046	$1.19	14d	1	1.44mi
1357 Sequoia Rd NW Palm Bay, FL	3.0	2.0	1874	$2,200	$1.17	23d	1	1.44mi
1483 Jasper Ave NW Palm Bay, FL	3.0	2.0	1644	$1,800	$1.09	14d	1	1.44mi
1492 Glencove Ave NW Palm Bay, FL	3.0	2.0	1679	$1,800	$1.07	23d	1	1.45mi
1649 Cains Ave NW Palm Bay, FL	3.0	2.0	1294	$2,000	$1.55	23d	1	1.49mi

Listing history 9 events

1. 2026-03-12
   status Pending
2. 2026-03-10
   price $210,000
3. 2026-02-24
   status Active
4. 2026-02-18
   historical Active Under Contract
5. 2025-12-20
   status Active
6. 2025-12-06
   status Pending
7. 2025-09-28
   listed $239,900 Active
8. 1992-09-01
   soldstatus $76,400
9. 1990-08-30
   soldstatus $6,700

ⓘ 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: $3,738 · $312/mo
• Projected year-2 tax: $3,738 · $312/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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°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: $26,208
• − Mortgage interest: −$11,763
• − Property taxes: −$3,738
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,097
• − Management: −$2,097
• − Depreciation: −$6,109
• Taxable loss: −$646
• Est. tax savings @ 24.0%: +$155
• After-tax cash flow: $2,856/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

+3034.3% since first listed

9 events — show timeline

• 2026-03-12 Pending — SCMLS
• 2026-03-10 Price Changed $210,000 SCMLS
• 2026-02-24 Relisted — SCMLS
• 2026-02-18 Contingent — SCMLS
• 2025-12-20 Relisted — SCMLS
• 2025-12-06 Pending — SCMLS
• 2025-09-28 Listed $239,900 SCMLS
• 1992-09-01 Sold (Public Records) $76,400 Public Records
• 1990-08-30 Sold (Public Records) $6,700 Public Records

Property tax history

+7.8%/yr

Latest (2025): $3,738 · +3.0% YoY. Source: county tax records.