965 Palo Alto St SE · Palm Bay, FL 32909

$219,999

4 bd · 2.0 ba · 1,334 sqft · SingleFamily public records · 1 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 +20.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.2/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

3 Bedrooms plus Office (or 4th Bedroom). 2 full bathrooms. Available now. Quick Close. CAPITAL IMPROVEMENTS:New roof 2024New Well Pump 2024Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023Leech Lines Replaced 2018 New Electrical Panels 2017New AC Condenser 2016Interior Remodel 2016FEATURES:Block construction.

Key facts

• Replaced leach lines
• New well pump
• Brand new roof

Tags

• BRAND NEW ROOF
• NEW WELL PUMP
• REFINISHED TERRAZZO FLOORS
• TANKLESS WATER HEATER
• REPLACED LEACH LINES
• UPDATED ELECTRICAL PANELS

Property features AI

Finance

• Other: Pets allowed; Lot on a city street with asphalt road frontage; Lot size approximately 0.23 acres

Exterior

• Parking: Attached garage (1 car); Additional parking; Covered parking; Guest parking; Off-street parking; RV access/parking; Secured parking
• Utilities: Septic tank; Cable available; Electricity available and connected; Water available and connected
• Home design: Single-family residence; One story; Southeast-facing; Accessible approach with ramp and accessible entrance; Accessible central living area and common areas
• Construction: Block, concrete and stucco construction
• Exterior features: Front porch; Covered porch; Full chain-link fencing around backyard; Other exterior features

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Electric range; Freezer; Ice maker (plumbed); Instant hot water; Microwave; Refrigerator; Tankless water heater; Other kitchen appliances
• Bedrooms: 4 bedrooms
• Flooring: Laminate; Terrazzo; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Breakfast bar and breakfast nook; Built-in features; Butler pantry; Ceiling fans; Eat-in kitchen; His-and-hers closets; In-law floorplan; Kitchen island; Open floorplan; Pantry; Primary bathroom with tub and separate shower; Primary bathroom with shower (no tub); Primary bedroom on main level; Split bedroom layout; Other interior features
• Laundry & utility: Washer and dryer included; Electric dryer hookup; Washer hookup; Laundry sink; In-unit laundry on lower level

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $268 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).

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: Westside Elementary School (math 51% / reading 58%, grade C, #892 of 2,144 statewide, top 44%, 798 students, 52% 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 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).
• This rent runs 34% 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 $24k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $62k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 12y ago; this cycle's ask has dropped $13k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $117k; list at $220k implies a 88% 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 $219,999

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.02% ✓
• Cap rate: 7.75%
• Cash-on-cash: 5.22%
• DSCR: 1.23
• GRM: 8.2

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: 28.3%
• Equity multiple: 3.25×
• Total profit: $138,423
• Equity at exit: $198,193

10-year hold

• IRR: 24.9%
• Equity multiple: 7.45×
• Total profit: $397,443
• Equity at exit: $427,410

Cash invested: $61,600 (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: 8.2×

Monthly cashflow live

• Estimated rent: $2,244 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$260 /mo · $3,116/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $268

Break-even live

Break-even rent $1,905

Max offer price $219,999

Occupancy floor 83%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	0.38mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	0.45mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	14d	1	0.68mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	21d	1	0.74mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	14d	1	0.75mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	23d	1	0.91mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	23d	1	0.93mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	14d	1	0.98mi
978 Remington Green Dr SE Palm Bay, FL	4.0	2.0	1830	$2,200	$1.20	23d	1	0.98mi
1416 Martinez St SE Palm Bay, FL	3.0	2.0	1747	$2,000	$1.14	14d	1	1.02mi
1454 Graves St SE Palm Bay, FL	3.0	2.0	1621	$2,100	$1.30	14d	1	1.05mi
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	23d	1	1.06mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	23d	1	1.12mi
2250 Chinaberry Cir SE Palm Bay, FL	3.0	2.0	1669	$1,995	$1.20	23d	1	1.14mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	14d	1	1.20mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	23d	1	1.22mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	23d	1	1.33mi
2036 Walsh Ave SE Palm Bay, FL	3.0	2.0	1331	$1,930	$1.45	23d	1	1.36mi
1660 Lizette St SE Unit 1 Palm Bay, FL	4.0	2.0	1736	$2,199	$1.27	23d	1	1.45mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	13d	1	1.48mi

Listing history 32 events

1. 2026-06-17
   statusdays on marketlisting id $219,999 Active 1 DOM
2. 2026-06-15
   days on market $219,999 Active Under Contract 28 DOM
3. 2026-06-14
   statusdays on market $219,999 Active Under Contract 26 DOM
4. 2026-06-10
   days on market $219,999 Active 23 DOM
5. 2026-06-08
   days on market $219,999 Active 21 DOM
6. 2026-06-07
   pricedays on market $219,999 Active 20 DOM
7. 2026-06-05
   days on market $222,900 Active 17 DOM
8. 2026-06-03
   days on market $222,900 Active 16 DOM
9. 2026-06-02
   days on market $222,900 Active 15 DOM
10. 2026-06-01
    days on market $222,900 Active 14 DOM
11. 2026-05-31
    days on market $222,900 Active 13 DOM
12. 2026-05-31
    days on market $222,900 Active 12 DOM
13. 2026-05-18
    listed $232,900 Active
14. 2025-07-26
    historical 324-char remark

    Show marketing remark (324 chars)

    3 Bedrooms plus Office (or 4th Bedroom). 2 full bathrooms. Available now. Quick Close. CAPITAL IMPROVEMENTS:New roof 2024New Well Pump 2024Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023Leech Lines Replaced 2018 New Electrical Panels 2017New AC Condenser 2016Interior Remodel 2016FEATURES:Block construction.

15. 2025-02-12
    listed $287,889 Active 324-char remark

    Show marketing remark (324 chars)

    3 Bedrooms plus Office (or 4th Bedroom). 2 full bathrooms. Available now. Quick Close. CAPITAL IMPROVEMENTS:New roof 2024New Well Pump 2024Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023Leech Lines Replaced 2018 New Electrical Panels 2017New AC Condenser 2016Interior Remodel 2016FEATURES:Block construction.

16. 2025-02-01
    historical 498-char remark

    Show marketing remark (498 chars)

    CAPITAL IMPROVEMENTS: New roof 2024 New Well Pump 2024 Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023 Leech Lines Replaced 2018 New Electrical Panels 2017 New AC Condenser 2016 Interior Remodel 2016 FEATURES: Block construction. Large Kitchen Island Quartz Countertops Indoor Laundry Mature Trees Single Story Home Split Floor Plan Storage Garage Fenced Backyard Side Door with/Ramp Water Filtration System Close to Shopping Family Neighborhood Quiet Street

17. 2025-01-04
    price $307,490 498-char remark

    Show marketing remark (498 chars)

    CAPITAL IMPROVEMENTS: New roof 2024 New Well Pump 2024 Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023 Leech Lines Replaced 2018 New Electrical Panels 2017 New AC Condenser 2016 Interior Remodel 2016 FEATURES: Block construction. Large Kitchen Island Quartz Countertops Indoor Laundry Mature Trees Single Story Home Split Floor Plan Storage Garage Fenced Backyard Side Door with/Ramp Water Filtration System Close to Shopping Family Neighborhood Quiet Street

18. 2024-12-28
    price $317,000 498-char remark

    Show marketing remark (498 chars)

    CAPITAL IMPROVEMENTS: New roof 2024 New Well Pump 2024 Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023 Leech Lines Replaced 2018 New Electrical Panels 2017 New AC Condenser 2016 Interior Remodel 2016 FEATURES: Block construction. Large Kitchen Island Quartz Countertops Indoor Laundry Mature Trees Single Story Home Split Floor Plan Storage Garage Fenced Backyard Side Door with/Ramp Water Filtration System Close to Shopping Family Neighborhood Quiet Street

19. 2024-09-17
    price $318,000 498-char remark

    Show marketing remark (498 chars)

    CAPITAL IMPROVEMENTS: New roof 2024 New Well Pump 2024 Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023 Leech Lines Replaced 2018 New Electrical Panels 2017 New AC Condenser 2016 Interior Remodel 2016 FEATURES: Block construction. Large Kitchen Island Quartz Countertops Indoor Laundry Mature Trees Single Story Home Split Floor Plan Storage Garage Fenced Backyard Side Door with/Ramp Water Filtration System Close to Shopping Family Neighborhood Quiet Street

20. 2024-08-01
    listed $330,000 Active 498-char remark

    Show marketing remark (498 chars)

    CAPITAL IMPROVEMENTS: New roof 2024 New Well Pump 2024 Terrazzo Floors Refinished 2024 New Tankless Water Heater 2023 Leech Lines Replaced 2018 New Electrical Panels 2017 New AC Condenser 2016 Interior Remodel 2016 FEATURES: Block construction. Large Kitchen Island Quartz Countertops Indoor Laundry Mature Trees Single Story Home Split Floor Plan Storage Garage Fenced Backyard Side Door with/Ramp Water Filtration System Close to Shopping Family Neighborhood Quiet Street

21. 2021-05-03
    soldstatus $117,000
22. 2020-08-31
    historical
23. 2020-08-31
    status Pending
24. 2020-08-06
    price $179,999
25. 2019-11-09
    listed $179,000 Active
26. 2015-07-28
    soldstatus $114,000
27. 2015-04-20
    soldstatus $63,000
28. 2014-10-29
    listed $87,900
29. 2005-07-22
    soldstatus $90,000
30. 2003-02-06
    soldstatus $79,900
31. 1997-08-06
    soldstatus $53,500
32. 1992-10-01
    soldstatus $45,000

ⓘ 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: $3,116 · $260/mo
• Projected year-2 tax: $3,116 · $260/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 9/10 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: $26,929
• − Mortgage interest: −$12,323
• − Property taxes: −$3,116
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,154
• − Management: −$2,154
• − Depreciation: −$6,400
• Taxable loss: −$318
• Est. tax savings @ 24.0%: +$76
• After-tax cash flow: $3,290/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

+417.6% since first listed

20 events — show timeline

• 2026-05-18 Listed $232,900 SCMLS
• 2025-07-26 Listing Removed — SCMLS
• 2025-02-12 Listed $287,889 SCMLS
• 2025-02-01 Listing Removed — SCMLS
• 2025-01-04 Price Changed $307,490 SCMLS
• 2024-12-28 Price Changed $317,000 SCMLS
• 2024-09-17 Price Changed $318,000 SCMLS
• 2024-08-01 Listed $330,000 SCMLS
• 2021-05-03 Sold (Public Records) $117,000 Public Records
• 2020-08-31 Listing Removed — SCMLS
• 2020-08-31 Pending — SCMLS
• 2020-08-06 Price Changed $179,999 SCMLS
• 2019-11-09 Listed $179,000 SCMLS
• 2015-07-28 Sold (Public Records) $114,000 Public Records
• 2015-04-20 Sold (MLS) $63,000 SCMLS
• 2014-10-29 Listed $87,900 SCMLS
• 2005-07-22 Sold (Public Records) $90,000 Public Records
• 2003-02-06 Sold (Public Records) $79,900 Public Records
• 1997-08-06 Sold (Public Records) $53,500 Public Records
• 1992-10-01 Sold (Public Records) $45,000 Public Records

Property tax history

+8.5%/yr

Latest (2025): $3,116 · +0.4% YoY. Source: county tax records.