884 Aruba Ave SE · Palm Bay, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 4 days/yr
- Hot days in 30 yrs
- 10 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
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 +7.6/30.0
- 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 +0.8/10.0
$367,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
Key facts
- Walk-in closet
- Braden floor plan
- Granite countertops
Tags
Property features AI
Exterior
- Parking: Attached 2-car garage with garage door opener
- Security: Smoke detectors; Carbon monoxide detectors
- Utilities: Aerobic septic system; Water available; Electricity available; Cable available; Low-flow fixtures; Energy-efficient appliances, HVAC, water heater and windows
- Home design: Single family residence; One story; East-facing; New construction
- Construction: Block, concrete and stucco construction; Shingle roof
- Exterior features: Covered patio and porch; Storm shutters; Sprinklers in front and rear
Interior
- Kitchen: Large island with granite countertops; Dishwasher; Disposal; Microwave; Refrigerator; ENERGY STAR qualified dishwasher; ENERGY STAR qualified refrigerator; Electric water heater
- Bedrooms: 3 bedrooms (all on main level); Primary bedroom with vaulted ceilings and walk-in closet
- Flooring: Carpet; Vinyl; LVP flooring
- Bathrooms: 2 full bathrooms
- Heating & cooling: Central heating; Central air conditioning
- Interior features: Open floor plan; Kitchen island; Pantry; Primary bathroom with tub and shower; Smart thermostat; Walk-in closet(s); Vaulted ceilings; Large windows
- Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath land listed at $368k.
Deal economics
- At list price, monthly cash flow is $-447 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $289k (21.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (41.6% below list).
- Recommended offer: $215k (41.6% 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); Heritage High School (math 30% / reading 44%, grade F, #340 of 667 statewide, top 52%, 2,007 students, 62% 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 39% at this address vs 55% district-wide (-16 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 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 32% 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 $39k of equity ($3k loan paydown + $37k 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 ~$63k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 324 days — a 12% lower offer ($324k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 10y 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 $48k; list at $368k implies a 659% 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 4→10/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 324 days. Have you received any prior offers? Is the seller open to a 42% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.58% ✗
- Cap rate
- 4.83%
- Cash-on-cash
- -5.21%
- DSCR
- 0.77
- GRM
- 14.3
CMA / ARV
No comps found within radius.
Projected returns pro-forma
10.0% appreciation · 3.67% rent growth · sell at horizon
- IRR
- 20.7%
- Equity multiple
- 2.68×
- Total profit
- $173,114
- Equity at exit
- $331,433
- IRR
- 18.9%
- Equity multiple
- 6.19×
- Total profit
- $534,829
- Equity at exit
- $714,749
Cash invested: $103,012 (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
ZIP-level market 32909
- Home prices YoY
- 6.0%
- Rents YoY
- 3.7%
- Active inventory
- 1123
- Price-to-rent
- 14.3×
Monthly cashflow live
- Estimated rent
- $2,150 high interval (Pro) →
- Mortgage (P&I)
- −$1,929
- Tax from tax record
- −$63 /mo · $759/yr
- Insurance
- −$153
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$451
- Net cashflow
- $-447
Break-even live
Sensitivity live
| Price | -10% $-239 | -5% $-343 | +0% $-447 | +5% $-971 | +10% $-1,098 |
|---|---|---|---|---|---|
| Rent | -10% $-617 | -5% $-532 | +0% $-447 | +5% $-363 | +10% $-278 |
| Rate | -1.0pp $-262 | -0.5pp $-354 | base $-447 | +0.5pp $-543 | +1.0pp $-640 |
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
- $91,975
- Closing costs
- $11,037
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 27 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 857 Buchanan Ave SE Palm Bay, FL | 3.0 | 2.0 | 1257 | $1,950 | $1.55 | 25d | 1 | 0.08mi |
| 931 Commerce Rd SE Palm Bay, FL | 3.0 | 2.0 | 1068 | $2,300 | $2.15 | 25d | 1 | 0.15mi |
| 431 Brantley St SE Palm Bay, FL | 3.0 | 2.0 | 1326 | $2,050 | $1.55 | 20d | 1 | 0.16mi |
| 914 Caligula Ave SE Palm Bay, FL | 3.0 | 2.0 | 1371 | $1,841 | $1.34 | 15d | 1 | 0.21mi |
| 309 Cactus St SE Palm Bay, FL | 4.0 | 2.0 | 1846 | $2,195 | $1.19 | 16d | 1 | 0.55mi |
| 171 Okeefe St SE Palm Bay, FL | 3.0 | 2.0 | 1288 | $1,855 | $1.44 | 16d | 1 | 0.62mi |
| 1129 Colonial Ave SE Palm Bay, FL | 4.0 | 3.0 | 2008 | $2,500 | $1.25 | 20d | 1 | 0.71mi |
| 710 Avalon St SE Palm Bay, FL | 3.0 | 2.0 | 1378 | $1,995 | $1.45 | 25d | 1 | 0.76mi |
| 743 Andrew St SE Palm Bay, FL | 3.0 | 2.0 | 1252 | $1,895 | $1.51 | 25d | 1 | 0.79mi |
| 726 Scotten Ave SW Palm Bay, FL | 3.0 | 2.0 | 1443 | $1,970 | $1.37 | 15d | 1 | 0.82mi |
| 1224 Buffing Cir SE Palm Bay, FL | 4.0 | 2.0 | 2233 | $2,395 | $1.07 | 16d | 1 | 0.90mi |
| 490 Hatcher St SE Palm Bay, FL | 4.0 | 2.0 | 1833 | $2,150 | $1.17 | 23d | 1 | 1.00mi |
| 320 Algiers Ave SE Palm Bay, FL | 3.0 | 2.0 | 1306 | $1,825 | $1.40 | 25d | 1 | 1.04mi |
| 1290 Sail Ct SE Palm Bay, FL | 3.0 | 2.0 | 1509 | $1,945 | $1.29 | 25d | 1 | 1.07mi |
| 272 Aquarius Ave SE Palm Bay, FL | 4.0 | 2.0 | 1650 | $1,995 | $1.21 | 25d | 1 | 1.09mi |
| 356 Garbelmann St SW Palm Bay, FL | 4.0 | 3.0 | 1850 | $2,121 | $1.15 | 15d | 1 | 1.17mi |
| 497 Schenley St SW Palm Bay, FL | 4.0 | 2.0 | 1833 | $1,995 | $1.09 | 25d | 1 | 1.18mi |
| 741 Frisco St SE Palm Bay, FL | 3.0 | 2.0 | 1156 | $1,950 | $1.69 | 25d | 1 | 1.19mi |
| 907 Algardi St SE Palm Bay, FL | 4.0 | 2.0 | 1943 | $2,330 | $1.20 | 25d | 1 | 1.22mi |
| 1130 Grapefruit Rd SE Palm Bay, FL | 3.0 | 2.0 | 1144 | $1,900 | $1.66 | 16d | 1 | 1.23mi |
| 822 Seven Gables Cir SE Palm Bay, FL | 3.0 | 2.0 | 1474 | $1,835 | $1.24 | 25d | 1 | 1.30mi |
| 818 Seven Gables Cir SE Palm Bay, FL | 3.0 | 2.0 | 1490 | $1,795 | $1.20 | 25d | 1 | 1.31mi |
| 1523 Elmhurst Cir SE Palm Bay, FL | 3.0 | 2.0 | 2028 | $2,325 | $1.15 | 25d | 1 | 1.37mi |
| 487 Wiltshire Ave SW Palm Bay, FL | 3.0 | 2.0 | 1462 | $2,300 | $1.57 | 25d | 1 | 1.40mi |
| 1133 Hanover Ave SW Palm Bay, FL | 4.0 | 2.0 | 1804 | $2,250 | $1.25 | 23d | 1 | 1.42mi |
| 511 Trumpet St SW Palm Bay, FL | 3.0 | 2.0 | 1243 | $2,200 | $1.77 | 25d | 1 | 1.42mi |
| 1023 Garvey Rd SW Palm Bay, FL | 4.0 | 2.0 | 1750 | $2,296 | $1.31 | 15d | 1 | 1.50mi |
Listing history 28 events
-
2026-06-22days on market $367,900 Active 324 DOM
-
2026-06-18days on market $367,900 Active 321 DOM
-
2026-06-17days on market $367,900 Active 320 DOM
-
2026-06-16days on market $367,900 Active 319 DOM
-
2026-06-15days on market $367,900 Active 318 DOM
-
2026-06-14days on market $367,900 Active 316 DOM
-
2026-06-10days on market $367,900 Active 313 DOM
-
2026-06-08days on market $367,900 Active 311 DOM
-
2026-06-07days on market $367,900 Active 310 DOM
-
2026-06-05days on market $367,900 Active 307 DOM
-
2026-06-03days on market $367,900 Active 306 DOM
-
2026-06-02days on market $367,900 Active 305 DOM
-
2026-06-01days on market $367,900 Active 304 DOM
-
2026-05-31days on market $367,900 Active 303 DOM
-
2026-05-31days on market $367,900 Active 302 DOM
-
2026-01-27price $367,900
-
2025-09-05price $361,900
-
2025-08-01$372,900 Active
-
2023-09-20soldstatus $48,500 Closed 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
-
2023-09-18soldstatus $48,500
-
2023-07-22historical Contingent 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
-
2023-04-04status Active 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
-
2023-03-29historical 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
-
2022-12-01price $53,000 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
-
2022-07-04$52,000 Active 623-char remark
Show marketing remark (623 chars)
CITY WATER, PAVED ROADS, AND A THRIVING AREA MAKE THIS NEIGHBORHOOD AN ATTRACTIVE CHOICE! OAKWOOD PARK IS A 2-MINUTE DRIVE, FEATURING A PLAYGROUND, PICNIC PAVILION & LIGHTED BASKETBALL COURTS. A 4-MINUTE DRIVE NORTH TAKES YOU TO THE MALABAR ROAD CORRIDOR LINED WITH A VARIETY OF BIG-NAME STORES, DELICIOUS RESTAURANTS, MEDICAL SERVICES, EVERYDAY CONVENIENCES, AND ACCESS TO I-95. THE LOCAL ELEMENTARY AND MIDDLE SCHOOLS ARE A 3-MINUTE TRIP AND THE HIGH SCHOOL IS 13 MINUTES. 8 MINUTES SOUTH IS THE BAYSIDE LAKES AREA, OFFERING A PUBLIX, WALGREENS, DUNKIN', AND MUCH MORE! THE BEACHES ARE LESS THAN A HALF HOUR AWAY!
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2017-08-10soldstatus $9,000 109-char remark
Show marketing remark (109 chars)
BUILD ON THIS BEAUTIFUL CITY WATER/SEPTIC LOT. GREAT LOCATION CLOSE TO SCHOOLS AND SHOPPING! PAVED ROADS TOO!
-
2016-03-10$10,500 109-char remark
Show marketing remark (109 chars)
BUILD ON THIS BEAUTIFUL CITY WATER/SEPTIC LOT. GREAT LOCATION CLOSE TO SCHOOLS AND SHOPPING! PAVED ROADS TOO!
-
1993-09-17soldstatus $6,100
ⓘ 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
- $759 · $63/mo
- Projected year-2 tax
- $3,054 · $254/mo
- Expected delta
- +$2,295/yr (+$191/mo · 302.4%)
ⓘ 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 4 d/yr ≥106°F today · 10 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $25,797
- − Mortgage interest
- −$20,608
- − Property taxes
- −$759
- − Insurance
- −$1,840
- − Repairs & maintenance
- −$2,064
- − Management
- −$2,064
- − Depreciation
- −$10,703
- Taxable loss
- −$12,239
- Est. tax savings @ 24.0%
- +$2,937
- After-tax cash flow
- $-2,433/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
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
- 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
+5931.1% since first listed13 events — show timeline
- 2026-01-27 Price Changed $367,900 SCMLS
- 2025-09-05 Price Changed $361,900 SCMLS
- 2025-08-01 Listed $372,900 SCMLS
- 2023-09-20 Sold (MLS) $48,500 SCMLS
- 2023-09-18 Sold (Public Records) $48,500 Public Records
- 2023-07-22 Contingent — SCMLS
- 2023-04-04 Relisted — SCMLS
- 2023-03-29 Listing Removed — SCMLS
- 2022-12-01 Price Changed $53,000 SCMLS
- 2022-07-04 Listed $52,000 SCMLS
- 2017-08-10 Sold (MLS) $9,000 SCMLS
- 2016-03-10 Listed $10,500 SCMLS
- 1993-09-17 Sold (Public Records) $6,100 Public Records
Property tax history
+19.9%/yrLatest (2025): $759 · +11.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…