999 Emerald Rd SE · Palm Bay, FL 32909

$329,000

3 bd · 2.0 ba · 1,530 sqft · SingleFamily public records · 51 Days on market

Built 1982 0.25 ac 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
• Cash flow +7.5/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.4/10.0

Listing remarks MLS

Welcome Home!!! Looking for a split plan three bedroom home? This home is for you. It is MOVE IN READY and waiting for a new family! Offering over 1500 square feet of living space. All BIG ticket items have been completed so you can move in stress free. The home provides a NEWER Roof, AC, Hot Water Heater and all NEW Re-piping!!! It also comes with hurricane shutters for your peace of mind and a screened in back porch to relax and enjoy the silence of a quiet street. Sellers are also offering $5000 towards closing costs with a FULL OFFER!! AND THERE'S EVEN AN ASSUMABLE VA LOAN with an interest rate of 4.99%!!! Schedule your appointment today you won't be disappointed!

Key facts

• Newer roof
• New re-piping
• Hurricane shutters

Tags

• NEWER ROOF
• NEW RE-PIPING
• HURRICANE SHUTTERS
• SCREENED IN BACK PORCH

Property features AI

Exterior

• Parking: Attached carport; Carport; Garage with garage door opener; 2-car garage
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Septic tank; Cable available; Electricity available; Sewer available; Water available
• Home design: Single family residence; One level; Faces south
• Construction: Block and stucco construction; Shingle roof; Pets allowed
• Exterior features: Storm shutters; Rear porch; Back yard fencing (fenced); Sprinklers in front and rear

Interior

• Kitchen: Dishwasher; Electric oven; Microwave; Refrigerator; ENERGY STAR qualified dishwasher; ENERGY STAR qualified refrigerator; Water softener (owned)
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Open floorplan; Split bedrooms; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $329k.

Deal economics

• At list price, monthly cash flow is $-403 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (21.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (36.2% below list).
• Recommended offer: $210k (36.2% 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: John F. Turner Senior Elementary School (math 38% / reading 43%, grade F, #1,471 of 2,144 statewide, top 69%, 543 students, 69% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 63% FRL vs 43% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 55% district-wide (-18 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; 25 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 31% 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 $35k of equity ($2k loan paydown + $33k 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 ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($319k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 7y ago; this cycle's ask is 14855% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $192k; list at $329k implies a 71% 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 $209,891 (36.2% 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. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
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: 0.64% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.25%
• DSCR: 0.77
• 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: 20.7%
• Equity multiple: 2.68×
• Total profit: $154,828
• Equity at exit: $296,389

10-year hold

• IRR: 18.9%
• Equity multiple: 6.20×
• Total profit: $478,912
• Equity at exit: $639,175

Cash invested: $92,120 (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: $2,099 high
• Mortgage (P&I): −$1,725
• Tax from tax record: −$199 /mo · $2,387/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $-403

Break-even live

Break-even rent $2,609

Max offer price $257,775

Occupancy floor —

Sensitivity live

Price	-10% $-217	-5% $-310	+0% $-403	+5% $-496	+10% $-589
Rent	-10% $-569	-5% $-486	+0% $-403	+5% $-320	+10% $-237
Rate	-1.0pp $-238	-0.5pp $-320	base $-403	+0.5pp $-488	+1.0pp $-575

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: $82,250
• Closing costs: $9,870
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	16d	17	0.21mi
907 Algardi St SE Palm Bay, FL	4.0	2.0	1943	$2,330	$1.20	25d	1	0.51mi
84 San Filippo Dr SE Palm Bay, FL	1.0–3.0	1.0–2.0	1052	$2,044	$1.94	16d	30	0.54mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	25d	1	0.55mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	25d	1	0.66mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	25d	1	0.85mi
1205 Jaslo St SE Palm Bay, FL	1.0–3.0	1.0–2.0	992	$2,245	$2.26	16d	8	0.87mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	25d	1	0.94mi
334 Bordeaux Ave NE Palm Bay, FL	4.0	2.0	2083	$2,250	$1.08	16d	1	0.95mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	0.96mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	20d	1	0.97mi
721 Taluga Ave SE Palm Bay, FL	3.0	2.0	1556	$1,800	$1.16	25d	1	1.00mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	25d	1	1.07mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	25d	1	1.13mi
885 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1787	$2,300	$1.29	23d	1	1.15mi
896 Talmadge Ave SE Palm Bay, FL	3.0	2.0	1263	$1,900	$1.50	16d	1	1.15mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	25d	1	1.18mi
829 Tampa Ave SE Palm Bay, FL	3.0	2.0	1303	$1,740	$1.34	25d	1	1.19mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	25d	1	1.33mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	25d	1	1.36mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	16d	1	1.37mi
710 Avalon St SE Palm Bay, FL	3.0	2.0	1378	$1,995	$1.45	25d	1	1.43mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	15d	1	1.46mi
1130 Grapefruit Rd SE Palm Bay, FL	3.0	2.0	1144	$1,900	$1.66	16d	1	1.48mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	20d	1	1.49mi

Listing history 38 events

1. 2026-06-22
   days on market $329,000 Active 51 DOM
2. 2026-06-18
   days on market $329,000 Active 48 DOM
3. 2026-06-17
   days on market $329,000 Active 47 DOM
4. 2026-06-16
   days on market $329,000 Active 46 DOM
5. 2026-06-15
   days on market $329,000 Active 45 DOM
6. 2026-06-14
   days on market $329,000 Active 43 DOM
7. 2026-06-10
   days on market $329,000 Active 40 DOM
8. 2026-06-08
   days on market $329,000 Active 38 DOM
9. 2026-06-07
   days on market $329,000 Active 37 DOM
10. 2026-06-05
    days on market $329,000 Active 34 DOM
11. 2026-06-03
    days on market $329,000 Active 33 DOM
12. 2026-06-02
    days on market $329,000 Active 32 DOM
13. 2026-06-01
    days on market $329,000 Active 31 DOM
14. 2026-05-31
    days on market $329,000 Active 30 DOM
15. 2026-05-31
    days on market $329,000 Active 29 DOM
16. 2026-04-03
    historical $2,200
17. 2026-03-31
    listed $2,200
18. 2026-03-24
    historical 681-char remark

    Show marketing remark (681 chars)

    Welcome Home!!! Looking for a split plan three bedroom home? This home is for you. It is MOVE IN READY and waiting for a new family! Offering over 1500 square feet of living space. All BIG ticket items have been completed so you can move in stress free. The home provides a NEWER Roof, AC, Hot Water Heater and all NEW Re-piping!!! It also comes with hurricane shutters for your peace of mind and a screened in back porch to relax and enjoy the silence of a quiet street. Sellers are also offering $5000 towards closing costs with a FULL OFFER!! AND THERE'S EVEN AN ASSUMABLE VA LOAN with an interest rate of 4.99%!!! Schedule your appointment today you won't be disappointed!

19. 2026-02-27
    historical $2,200
20. 2026-02-23
    listed $2,200
21. 2026-02-22
    historical $2,200
22. 2026-02-06
    listed $2,200
23. 2026-01-08
    price $329,000 681-char remark

    Show marketing remark (681 chars)

    Welcome Home!!! Looking for a split plan three bedroom home? This home is for you. It is MOVE IN READY and waiting for a new family! Offering over 1500 square feet of living space. All BIG ticket items have been completed so you can move in stress free. The home provides a NEWER Roof, AC, Hot Water Heater and all NEW Re-piping!!! It also comes with hurricane shutters for your peace of mind and a screened in back porch to relax and enjoy the silence of a quiet street. Sellers are also offering $5000 towards closing costs with a FULL OFFER!! AND THERE'S EVEN AN ASSUMABLE VA LOAN with an interest rate of 4.99%!!! Schedule your appointment today you won't be disappointed!

24. 2025-12-04
    listed $330,000 Active 681-char remark

    Show marketing remark (681 chars)

    Welcome Home!!! Looking for a split plan three bedroom home? This home is for you. It is MOVE IN READY and waiting for a new family! Offering over 1500 square feet of living space. All BIG ticket items have been completed so you can move in stress free. The home provides a NEWER Roof, AC, Hot Water Heater and all NEW Re-piping!!! It also comes with hurricane shutters for your peace of mind and a screened in back porch to relax and enjoy the silence of a quiet street. Sellers are also offering $5000 towards closing costs with a FULL OFFER!! AND THERE'S EVEN AN ASSUMABLE VA LOAN with an interest rate of 4.99%!!! Schedule your appointment today you won't be disappointed!

25. 2025-12-02
    historical $330,000 681-char remark

    Show marketing remark (318 chars)

    Welcome Home!!! This home is move in ready and waiting for a new family! All BIG ticket items have been completed so you can move in stress free. Newer Roof, AC, Hot Water Heated and all New Repiping have been done!!! Not to mention owner has an ASSUMABLE VA LOAN with a rate of 4.99%. Come and see this home today!!

26. 2025-12-02
    historical 318-char remark

    Show marketing remark (318 chars)

    Welcome Home!!! This home is move in ready and waiting for a new family! All BIG ticket items have been completed so you can move in stress free. Newer Roof, AC, Hot Water Heated and all New Repiping have been done!!! Not to mention owner has an ASSUMABLE VA LOAN with a rate of 4.99%. Come and see this home today!!

27. 2025-12-01
    listed $330,000 Active 318-char remark

    Show marketing remark (318 chars)

    Welcome Home!!! This home is move in ready and waiting for a new family! All BIG ticket items have been completed so you can move in stress free. Newer Roof, AC, Hot Water Heated and all New Repiping have been done!!! Not to mention owner has an ASSUMABLE VA LOAN with a rate of 4.99%. Come and see this home today!!

28. 2025-12-01
    listed $329,000 Active

    Show marketing remark (318 chars)

    Welcome Home!!! This home is move in ready and waiting for a new family! All BIG ticket items have been completed so you can move in stress free. Newer Roof, AC, Hot Water Heated and all New Repiping have been done!!! Not to mention owner has an ASSUMABLE VA LOAN with a rate of 4.99%. Come and see this home today!!

29. 2020-08-26
    soldstatus $192,000
30. 2020-08-07
    soldstatus $192,000 Closed
31. 2020-07-06
    historical Backups
32. 2020-06-25
    status Active
33. 2020-05-27
    historical Contingent
34. 2020-04-29
    historical
35. 2020-04-29
    listed $194,500 Active
36. 2019-10-29
    listed $220,000 Active
37. 1994-08-09
    soldstatus $72,500
38. 1983-08-01
    soldstatus $59,800

ⓘ 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: $2,387 · $199/mo
• Projected year-2 tax: $2,731 · $228/mo
• Expected delta: +$344/yr (+$29/mo · 14.4%)

ⓘ 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 · 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: $25,187
• − Mortgage interest: −$18,429
• − Property taxes: −$2,387
• − Insurance: −$1,645
• − Repairs & maintenance: −$2,015
• − Management: −$2,015
• − Depreciation: −$9,571
• Taxable loss: −$10,875
• Est. tax savings @ 24.0%: +$2,610
• After-tax cash flow: $-2,228/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

-96.3% since first listed

23 events — show timeline

• 2026-04-03 Rental Removed $2,200 SHOWMOJO
• 2026-03-31 Listed for Rent $2,200 SHOWMOJO
• 2026-03-24 Listing Removed — SCMLS
• 2026-02-27 Rental Removed $2,200 RENTSPREE
• 2026-02-23 Listed for Rent $2,200 RENTSPREE
• 2026-02-22 Rental Removed $2,200 SCMLS
• 2026-02-06 Listed for Rent $2,200 SCMLS
• 2026-01-08 Price Changed $329,000 SCMLS
• 2025-12-04 Listed $330,000 SCMLS
• 2025-12-02 Coming Soon $330,000 SCMLS
• 2025-12-02 Listing Removed — SCMLS
• 2025-12-01 Listed $329,000 SCMLS
• 2025-12-01 Listed $330,000 SCMLS
• 2020-08-26 Sold (Public Records) $192,000 Public Records
• 2020-08-07 Sold (MLS) $192,000 SCMLS
• 2020-07-06 Contingent — SCMLS
• 2020-06-25 Relisted — SCMLS
• 2020-05-27 Contingent — SCMLS
• 2020-04-29 Listed $194,500 SCMLS
• 2020-04-29 Listing Removed — SCMLS
• 2019-10-29 Listed $220,000 SCMLS
• 1994-08-09 Sold (Public Records) $72,500 Public Records
• 1983-08-01 Sold (Public Records) $59,800 Public Records

Property tax history

+11.9%/yr

Latest (2025): $2,387 · +2.8% YoY. Source: county tax records.