874 Rebus Ave SW · Palm Bay, FL 32908

$289,888

3 bd · 2.0 ba · 1,477 sqft · Land · 94 Days on market

Built 2026 10,011 sqft lot

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

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

Key facts

• Quartz countertops
• Open layout
• Beautiful cabinetry

Tags

• OPEN LAYOUT
• WELL-EQUIPPED KITCHEN
• SEPARATE DINING AREA
• BEAUTIFUL CABINETRY
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Lot roughly 0.23 acres (approx. 80 x 125); Paved road access; Permit: BL25-02122; Zoning: RS2

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Electricity connected; Sewer connected; Water connected; Other utilities
• Home design: Single family residence; Residential property; One level; Faces southeast; Under construction (projected completion June 15, 2026)
• Construction: Block and stucco construction; Shingle roof; Slab foundation; New construction; Builder: CENTURY COMPLETE (Model: PRESCOTT-A)
• Exterior features: Exterior lighting; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Open floorplan; Stone counters; Thermostat; Walk-in closet(s)
• Laundry & utility: Inside laundry room; Electric water heater

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $290k.

Deal economics

• At list price, monthly cash flow is $-382 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (29.2% below list).
• Recommended offer: $205k (29.2% 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: Jupiter Elementary School (math 41% / reading 42%, grade F, #1,437 of 2,144 statewide, top 68%, 732 students, 68% 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.
• 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 (+1.3%/yr); 1030 active listings in the ZIP; 14 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

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 94 days — a 9% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $23k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $290k implies a 625% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,180 (29.2% 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 94 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 4.71%
• Cash-on-cash: -5.65%
• DSCR: 0.75
• GRM: 11.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.29% rent growth · sell at horizon

5-year hold

• IRR: -27.9%
• Equity multiple: 0.08×
• Total profit: $-74,772
• Equity at exit: $43,223

10-year hold

• IRR: -34.3%
• Equity multiple: -0.36×
• Total profit: $-110,110
• Equity at exit: $25,064

Cash invested: $81,169 (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 32908

• Home prices YoY: -10.4%
• Rents YoY: 1.3%
• Active inventory: 1030
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,052 high
• Mortgage (P&I): −$1,520
• Tax est. 1.5%: −$362 /mo · $4,348/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $-382

Break-even live

Break-even rent $2,536

Max offer price $234,550

Occupancy floor —

Sensitivity live

Price	-10% $-182	-5% $-282	+0% $-382	+5% $-483	+10% $-583
Rent	-10% $-545	-5% $-463	+0% $-382	+5% $-301	+10% $-220
Rate	-1.0pp $-236	-0.5pp $-309	base $-382	+0.5pp $-458	+1.0pp $-534

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: $72,472
• Closing costs: $8,697
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1350	$1,800	$1.33	25d	1	0.20mi
1309 Gideon St SW Palm Bay, FL	3.0	2.0	1252	$1,800	$1.44	22d	1	0.20mi
1215 Hastings Rd SW Palm Bay, FL	3.0	2.0	1294	$1,775	$1.37	21d	1	0.25mi
465 Birch Ave SW Palm Bay, FL	3.0	2.0	1252	$2,000	$1.60	25d	1	0.79mi
1037 Garvey Rd SW Palm Bay, FL	4.0	3.0	1850	$2,516	$1.36	15d	1	0.88mi
403 Tillman Ave SW Palm Bay, FL	3.0	2.0	1056	$1,750	$1.66	23d	1	0.98mi
Town Rd SW Palm Bay, FL	3.0	2.0	1600	$1,995	$1.25	25d	1	0.99mi
1023 Garvey Rd SW Palm Bay, FL	4.0	2.0	1750	$2,296	$1.31	15d	1	1.13mi
2127 Jupiter Blvd SW Palm Bay, FL	3.0	2.0	1104	$1,885	$1.71	25d	1	1.15mi
436 Wimpole Ln SW Palm Bay, FL	4.0	2.0	1806	$2,300	$1.27	25d	1	1.20mi
271 Wendover Rd SW Palm Bay, FL	3.0	2.0	1425	$1,900	$1.33	25d	1	1.21mi
1133 Hanover Ave SW Palm Bay, FL	4.0	2.0	1804	$2,250	$1.25	23d	1	1.32mi
751 Winchell St SW Palm Bay, FL	3.0	2.0	1160	$1,960	$1.69	21d	1	1.33mi
497 Schenley St SW Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	25d	1	1.40mi

Listing history 31 events

1. 2026-06-22
   days on market $289,888 Active 94 DOM
2. 2026-06-18
   days on market $289,888 Active 91 DOM
3. 2026-06-17
   days on market $289,888 Active 90 DOM
4. 2026-06-16
   days on market $289,888 Active 89 DOM
5. 2026-06-15
   days on market $289,888 Active 88 DOM
6. 2026-06-14
   days on market $289,888 Active 86 DOM
7. 2026-06-10
   days on market $289,888 Active 83 DOM
8. 2026-06-08
   days on market $289,888 Active 81 DOM
9. 2026-06-07
   days on market $289,888 Active 80 DOM
10. 2026-06-05
    days on market $289,888 Active 77 DOM
11. 2026-06-03
    days on market $289,888 Active 76 DOM
12. 2026-06-02
    days on market $289,888 Active 75 DOM
13. 2026-06-01
    days on market $289,888 Active 74 DOM
14. 2026-05-31
    days on market $289,888 Active 73 DOM
15. 2026-05-31
    days on market $289,888 Active 72 DOM
16. 2026-05-13
    price $289,888

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

17. 2026-05-13
    price $289,888 594-char remark

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

18. 2026-05-11
    price $294,888

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

19. 2026-05-11
    price $294,888 594-char remark

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

20. 2026-05-08
    price $306,990 594-char remark

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

21. 2026-05-08
    price $306,990

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

22. 2026-04-04
    price $306,888

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

23. 2026-04-04
    price $306,888 594-char remark

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

24. 2026-03-19
    listed $312,990 Active

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

25. 2026-03-19
    listed $312,990 Active 594-char remark

    Show marketing remark (594 chars)

    The Prescott Plan features an airy open layout with a seamless transition between the Living Room, a well-equipped Kitchen, and a separate Dining Area, ideal for entertaining. The kitchen stands out with its beautiful cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave hood and dishwasher. The serene primary suite includes a private bath with dual vanity sinks and a generous walk-in closet. Additional highlights include a convenient two-car garage, and energy-efficient Low-E insulated dual-pane vinyl windows. A one-year limited home warranty.

26. 2024-09-27
    soldstatus $40,000
27. 2024-09-10
    soldstatus $40,000 Closed
28. 2024-07-31
    status Pending
29. 2024-04-30
    listed $43,500 Active
30. 2004-09-21
    soldstatus $27,000
31. 2004-07-20
    soldstatus $22,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $24,622
• − Mortgage interest: −$16,238
• − Property taxes: −$4,348
• − Insurance: −$1,449
• − Repairs & maintenance: −$1,970
• − Management: −$1,970
• − Depreciation: −$8,433
• Taxable loss: −$9,787
• Est. tax savings @ 24.0%: +$2,349
• After-tax cash flow: $-2,240/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): 16,535
• Household income: $79,596
• Rent vs Own: 10.2% rent · 89.8% own
• Severe rent burden: 112.0

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 0.69)
• Race & ethnicity: White 48% Hispanic / Latino 20% Black 20% Two or more races 19%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 6% Dominican 3%
• Common ancestry: Hispanic 3% Estonian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -38.22%
• Current HPI: 330.0399
• Rent YoY: ▲ 1.29%
• 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

+1217.7% since first listed

16 events — show timeline

• 2026-05-13 Price Changed $289,888 Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Price Changed $289,888 SCMLS
• 2026-05-11 Price Changed $294,888 Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Price Changed $294,888 SCMLS
• 2026-05-08 Price Changed $306,990 SCMLS
• 2026-05-08 Price Changed $306,990 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Price Changed $306,888 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Price Changed $306,888 SCMLS
• 2026-03-19 Listed $312,990 SCMLS
• 2026-03-19 Listed $312,990 Stellar MLS as Distributed by MLS Grid
• 2024-09-27 Sold (Public Records) $40,000 Public Records
• 2024-09-10 Sold (MLS) $40,000 SCMLS
• 2024-07-31 Pending — SCMLS
• 2024-04-30 Listed $43,500 SCMLS
• 2004-09-21 Sold (Public Records) $27,000 Public Records
• 2004-07-20 Sold (Public Records) $22,000 Public Records

Property tax history

+18.3%/yr

Latest (2025): $558 · +106.4% YoY. Source: county tax records.