219 Abernathy Cir SE · Palm Bay, FL 32909

$380,000

4 bd · 3.0 ba · 2,357 sqft · SingleFamily public records · 12 Days on market

Built 2011 10,019 sqft lot $98/mo HOA · 4% of rent

---

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 +6.1/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.4/10.0

Listing remarks MLS

4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2011

Property features AI

Finance

• HOA & community: Homeowners association (Holly Trace at Bayside Lakes); Quarterly association fee; Association fee covers grounds maintenance; Community amenities: clubhouse, fitness center, tennis courts, pickleball, basketball court, shuffleboard, playground, sauna, barbecue areas

Exterior

• Parking: 2-car garage with garage door opener
• Security: Gated community
• Utilities: Underground electric; Public sewer; Water connected; Sewer connected; Electricity connected; Cable available; Propane available
• Home design: Single-family residence; One level; Faces south
• Construction: Concrete and stucco construction; Shingle roof
• Exterior features: Storm shutters; Covered rear porch; Screened porch; Sprinklers front and rear; Few trees; Corner lot; Asphalt road frontage

Interior

• Kitchen: Gas range; Dishwasher; Disposal; Refrigerator; Ice maker (plumbed)
• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast nook; Ceiling fans; His and hers closets; Open floorplan; Pantry; Primary bathroom with tub and separate shower; Split bedroom layout
• Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup; In-unit laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-709 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $255k (32.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (37.1% below list).
• Recommended offer: $239k (37.1% 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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% 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-school proficiency averages 42% at this address vs 55% district-wide (-12 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); 1111 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 36% 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 $41k of equity ($3k loan paydown + $38k 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 ~$65k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $45k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $260k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $238,967 (37.1% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.63% ✗
• Cap rate: 4.06%
• Cash-on-cash: -7.99%
• DSCR: 0.64
• GRM: 13.3

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: 18.8%
• Equity multiple: 2.54×
• Total profit: $163,464
• Equity at exit: $342,334

10-year hold

• IRR: 17.6%
• Equity multiple: 5.89×
• Total profit: $520,285
• Equity at exit: $738,256

Cash invested: $106,400 (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: 1111
• Price-to-rent: 13.3×

Monthly cashflow live

• Estimated rent: $2,390 high
• Mortgage (P&I): −$1,993
• Tax from tax record: −$347 /mo · $4,169/yr
• Insurance: −$158
• HOA: −$98
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $-709

Break-even live

Break-even rent $3,287

Max offer price $254,816

Occupancy floor —

Sensitivity live

Price	-10% $-494	-5% $-601	+0% $-709	+5% $-816	+10% $-924
Rent	-10% $-897	-5% $-803	+0% $-709	+5% $-614	+10% $-520
Rate	-1.0pp $-517	-0.5pp $-612	base $-709	+0.5pp $-807	+1.0pp $-907

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: $95,000
• Closing costs: $11,400
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	0.32mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.64mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	15d	1	0.74mi
2437 Hagoplan Ave SW Palm Bay, FL	3.0	2.0	1840	$2,150	$1.17	25d	1	0.77mi
328 Hammonton St SW Palm Bay, FL	3.0	2.0	1942	$2,500	$1.29	25d	1	0.84mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	15d	1	0.85mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	15d	1	0.91mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	25d	1	0.92mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	1.01mi
2008 Olympia Ave SW Palm Bay, FL	4.0	2.0	1828	$2,500	$1.37	25d	1	1.08mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	22d	1	1.10mi
439 Gancedo St SW Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.14mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	22d	1	1.16mi
1718 Sawgrass Dr SW Palm Bay, FL	4.0	2.5	2248	$2,400	$1.07	25d	1	1.18mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	15d	1	1.20mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	25d	1	1.20mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	15d	1	1.25mi
1736 La Maderia Dr SW Palm Bay, FL	3.0	2.0	1873	$2,000	$1.07	25d	1	1.37mi
1733 La Maderia Dr SW Palm Bay, FL	3.0	2.0	1865	$2,195	$1.18	22d	1	1.39mi
1523 Elmhurst Cir SE Palm Bay, FL	3.0	2.0	2028	$2,325	$1.15	25d	1	1.45mi

HOA detail

• Monthly dues: $98 · $1,176/yr
• Likely covers: waterelectric

Listing history 23 events

1. 2026-06-18
   days on market $380,000 Coming Soon 12 DOM
2. 2026-06-17
   days on market $380,000 Coming Soon 11 DOM
3. 2026-06-16
   days on market $380,000 Coming Soon 10 DOM
4. 2026-06-15
   days on market $380,000 Coming Soon 9 DOM
5. 2026-06-14
   days on market $380,000 Coming Soon 7 DOM
6. 2026-06-10
   days on market $380,000 Coming Soon 4 DOM
7. 2026-06-08
   days on market $380,000 Coming Soon 2 DOM
8. 2026-06-07
   pricestatusdays on marketlisting id $380,000 Coming Soon 1 DOM
9. 2026-05-31
   days on market $399,500 Active 39 DOM
10. 2026-05-31
    days on market $399,500 Active 38 DOM
11. 2026-05-13
    price $399,500
12. 2026-05-09
    price $410,000
13. 2026-04-22
    listed $424,900 Active
14. 2026-04-17
    historical 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

15. 2026-03-27
    price $429,900 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

16. 2026-03-02
    price $449,000 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

17. 2026-01-17
    price $475,000 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

18. 2026-01-09
    price $499,000 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

19. 2025-12-23
    price $509,000 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

20. 2025-12-04
    listed $515,000 Active 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

21. 2025-11-25
    historical $515,000 945-char remark

    Show marketing remark (945 chars)

    4 bedroom 3 bath home in Palm Bay Florida now offered below $430,000 with major updates already completed. Move-in ready with a brand new roof and included home warranty, offering buyers peace of mind with no immediate repair concerns. Located in Bayside Lakes with convenient access to shopping, dining, and major roadways. An alternative to new construction with no build delays and immediate availability. Seller will consider buyer concessions with acceptable terms. Easy to show with an hour notice. No work needed. Major components including the roof, A/C, water heater, and electrical are all up to date. An extended warranty is included, covering major systems for added peace of mind. Seller is open to including select furnishings for a smooth, move-in ready transition. Either way, home is move-in ready so you can settle in, exhale, and start enjoying your space from day one. A place to settle in, slow down, and truly feel at home.

22. 2009-10-19
    soldstatus $260,000
23. 2008-12-29
    soldstatus $50,000

ⓘ 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: $4,169 · $347/mo
• Projected year-2 tax: $4,169 · $347/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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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: $28,676
• − Mortgage interest: −$21,286
• − Property taxes: −$4,169
• − Insurance: −$1,900
• − Repairs & maintenance: −$2,294
• − Management: −$2,294
• − HOA: −$1,176
• − Depreciation: −$11,055
• Taxable loss: −$15,497
• Est. tax savings @ 24.0%: +$3,719
• After-tax cash flow: $-4,784/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

+699.0% since first listed

13 events — show timeline

• 2026-05-13 Price Changed $399,500 SCMLS
• 2026-05-09 Price Changed $410,000 SCMLS
• 2026-04-22 Listed $424,900 SCMLS
• 2026-04-17 Listing Removed — SCMLS
• 2026-03-27 Price Changed $429,900 SCMLS
• 2026-03-02 Price Changed $449,000 SCMLS
• 2026-01-17 Price Changed $475,000 SCMLS
• 2026-01-09 Price Changed $499,000 SCMLS
• 2025-12-23 Price Changed $509,000 SCMLS
• 2025-12-04 Listed $515,000 SCMLS
• 2025-11-25 Coming Soon $515,000 SCMLS
• 2009-10-19 Sold (Public Records) $260,000 Public Records
• 2008-12-29 Sold (Public Records) $50,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $4,169 · +2.4% YoY. Source: county tax records.