982 Waco Blvd SE · Palm Bay, FL 32909

$349,900

4 bd · 3.0 ba · 1,526 sqft · SingleFamily public records · 29 Days on market

Built 1981 10,019 sqft lot

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Why this score? — see what drove the D 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.7/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.9/10.0

Listing remarks MLS

HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

Key facts

• Open floor plan
• Granite countertops
• Large walk in closet

Tags

• OPEN FLOOR PLAN
• IMPRESSIVE KITCHEN
• SOFT CLOSE DOORS AND DRAWERS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE WALK IN CLOSET

Property features AI

Finance

• Other: Living area approximately 2,262; Building total area approximately 2,798; Lot size about 0.23 acres (80 x 125); Current use: Residential

Exterior

• Parking: Attached 2-car garage
• Utilities: Septic tank; Water connected; Electricity connected; Cable available; Sewer not available
• Home design: Single family residence; One story; Entry level: 1; North-facing
• Construction: Frame, stucco, wood siding and other construction materials; Shingle roof; Built on foundation (details not provided)
• Exterior features: Patio; Porch; Rear porch; Wooded lot; City street frontage; Asphalt-paved road

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; In-law floorplan; Split bedrooms
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $-563 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (28.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (36.4% below list).
• Recommended offer: $223k (36.4% 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: 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: Columbia Elementary School (math 52% / reading 47%, grade D, #1,088 of 2,144 statewide, top 53%, 506 students, 68% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL) — zoned schools average 59% FRL vs 43% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 41% at this address vs 55% district-wide (-14 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.7%/yr); 1123 active listings in the ZIP; 27 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).
• This rent runs 33% 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 $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($345k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y 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 $140k; list at $350k implies a 150% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,526 (36.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.64% ✗
• Cap rate: 4.36%
• Cash-on-cash: -6.90%
• DSCR: 0.69
• GRM: 13.1

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: 19.6%
• Equity multiple: 2.59×
• Total profit: $156,187
• Equity at exit: $315,218

10-year hold

• IRR: 18.1%
• Equity multiple: 6.01×
• Total profit: $491,244
• Equity at exit: $679,779

Cash invested: $97,972 (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: 1123
• Price-to-rent: 13.1×

Monthly cashflow live

• Estimated rent: $2,225 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$340 /mo · $4,084/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $-563

Break-even live

Break-even rent $2,938

Max offer price $250,432

Occupancy floor —

Sensitivity live

Price	-10% $-365	-5% $-464	+0% $-563	+5% $-662	+10% $-761
Rent	-10% $-739	-5% $-651	+0% $-563	+5% $-475	+10% $-387
Rate	-1.0pp $-387	-0.5pp $-474	base $-563	+0.5pp $-654	+1.0pp $-746

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	16d	1	0.32mi
822 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1474	$1,835	$1.24	25d	1	0.38mi
818 Seven Gables Cir SE Palm Bay, FL	3.0	2.0	1490	$1,795	$1.20	25d	1	0.39mi
1517 Wacker Ave SE Palm Bay, FL	4.0	2.0	1775	$2,200	$1.24	25d	1	0.51mi
1255 Wadsworth St SE Unit 1255 Palm Bay, FL	3.0	3.0	1747	$2,350	$1.35	21d	1	0.55mi
1290 Sail Ct SE Palm Bay, FL	3.0	2.0	1509	$1,945	$1.29	25d	1	0.56mi
2910 Emerson Dr SE Palm Bay, FL	3.0	2.0	1700	$1,950	$1.15	16d	1	0.58mi
1150 Raoul St SE Palm Bay, FL	4.0	2.0	1787	$2,300	$1.29	25d	1	0.58mi
1210 Vandalia Ave SE Palm Bay, FL	4.0	2.0	1833	$2,050	$1.12	16d	1	0.62mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	25d	1	0.70mi
1068 Saint Johns St SE Palm Bay, FL	3.0	2.0	1332	$2,000	$1.50	25d	1	0.72mi
1129 Colonial Ave SE Palm Bay, FL	4.0	3.0	2008	$2,500	$1.25	21d	1	0.75mi
1224 Buffing Cir SE Palm Bay, FL	4.0	2.0	2233	$2,395	$1.07	16d	1	0.76mi
1150 Tiger St SE Palm Bay, FL	3.0	2.0	1690	$1,950	$1.15	16d	1	0.78mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	16d	1	0.85mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	23d	1	0.88mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	25d	1	1.02mi
1418 Paley Cir SE Palm Bay, FL	3.0	2.0	1260	$1,850	$1.47	25d	1	1.04mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	25d	1	1.08mi
1530 Paley Cir SE Palm Bay, FL	4.0	2.0	1842	$2,095	$1.14	16d	1	1.12mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	16d	8	1.14mi
1643 Talavera St SE Palm Bay, FL	4.0	2.0	1833	$1,861	$1.02	21d	1	1.17mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	25d	1	1.22mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	21d	1	1.30mi
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	25d	1	1.30mi
931 Commerce Rd SE Palm Bay, FL	3.0	2.0	1068	$2,300	$2.15	25d	1	1.33mi
1625 Waneta St SE Palm Bay, FL	3.0	2.0	1631	$2,100	$1.29	21d	1	1.36mi

Listing history 21 events

1. 2026-06-07
   statusdays on market $349,900 Pending 29 DOM
2. 2026-06-05
   days on market $349,900 Active 28 DOM
3. 2026-06-03
   days on market $349,900 Active 27 DOM
4. 2026-06-02
   days on market $349,900 Active 26 DOM
5. 2026-06-01
   days on market $349,900 Active 25 DOM
6. 2026-05-31
   days on market $349,900 Active 24 DOM
7. 2026-05-31
   days on market $349,900 Active 23 DOM
8. 2026-05-06
   listed $349,900 Active
9. 2025-01-24
   historical 909-char remark

   Show marketing remark (909 chars)

   HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

10. 2025-01-24
    historical $2,250

    Show marketing remark (909 chars)

    HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

11. 2024-12-02
    status Active 909-char remark

    Show marketing remark (909 chars)

    HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

12. 2024-12-02
    price $379,900 909-char remark

    Show marketing remark (909 chars)

    HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

13. 2024-09-14
    listed $2,250
14. 2024-07-09
    historical 909-char remark

    Show marketing remark (909 chars)

    HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

15. 2024-07-05
    historical
16. 2024-06-12
    listed $382,900 Active 909-char remark

    Show marketing remark (909 chars)

    HOUSE WAS RENTED This stunning residence exemplifies luxury and contemporary living, offering premium features and finishes designed for your ultimate comfort. Upon entering, you'll be drawn to the expansive open floor plan, creating a seamless flow throughout the house. The generously sized bedrooms provide unparalleled comfort and convenience, with two master bedroom suites ideal for multi-generational living or accommodating a growing family. ONE OF A KIND HOME with custom and upgraded features throughout. The heart of the home lies in the impressive kitchen, with 36'' staggered shaker cabinets, soft close doors/drawers featuring granite countertops, and top-of-the-line stainless steel appliances, making this kitchen a chef's dream! The primary suite is a true sanctuary, boasting a large walk-in closet and a stunning vaulted ceiling. The ensuite bathroom offers a spa-like retreat with granite.

17. 2024-06-11
    price $382,900
18. 2024-03-07
    listed $424,900 Active
19. 2022-03-17
    soldstatus $140,000 Closed
20. 2022-01-29
    status Pending
21. 2022-01-27
    listed $140,000 Active

ⓘ 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: $4,084 · $340/mo
• Projected year-2 tax: $4,084 · $340/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 · 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: $26,703
• − Mortgage interest: −$19,600
• − Property taxes: −$4,084
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,136
• − Management: −$2,136
• − Depreciation: −$10,179
• Taxable loss: −$13,181
• Est. tax savings @ 24.0%: +$3,164
• After-tax cash flow: $-3,593/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

+149.9% since first listed

14 events — show timeline

• 2026-05-06 Listed $349,900 SCMLS
• 2025-01-24 Listing Removed — SCMLS
• 2025-01-24 Rental Removed $2,250 SCMLS
• 2024-12-02 Relisted — SCMLS
• 2024-12-02 Price Changed $379,900 SCMLS
• 2024-09-14 Listed for Rent $2,250 SCMLS
• 2024-07-09 Listing Removed — SCMLS
• 2024-07-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-12 Listed $382,900 SCMLS
• 2024-06-11 Price Changed $382,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-07 Listed $424,900 Stellar MLS as Distributed by MLS Grid
• 2022-03-17 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2022-01-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-27 Listed $140,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+81.9%/yr

Latest (2025): $4,084 · -3.4% YoY. Source: county tax records.