180 SE Dolphin St St SE · Palm Bay, FL 32909

$375,000

4 bd · 2.0 ba · 1,893 sqft · SingleFamily public records · 34 Days on market

Built 2021 10,454 sqft 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
• 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 +1.1/10.0
• DSCR +0.5/10.0

Listing remarks MLS

Step into this like-new 2021 concrete-block home featuring 4 bedrooms, 2 baths, and 1,893 sq ft of beautifully designed living space. The desirable split floor plan offers privacy and functionality, while the open layout centers around a spacious kitchen island and stone countertops, creating the perfect hub for family gatherings and entertaining. Enjoy the elegance of a formal dining room, ideal for hosting holidays and special occasions. The primary suite delivers comfort with a large walk-in closet, double vanity, and a sleek walk-in shower. Convenience continues with indoor laundry, modern finishes throughout, and a truly turnkey presentation. Situated on a nice lot with an open back porch, this home offers a peaceful outdoor space for morning coffee or evening relaxation. Centrally located near schools, shopping, and just minutes from I-95, this home blends comfort, style, and accessibility in one exceptional package.

Key facts

• Double vanity
• Formal dining room
• Stone countertops

Tags

• SPLIT FLOOR PLAN
• SPACIOUS KITCHEN ISLAND
• STONE COUNTERTOPS
• FORMAL DINING ROOM
• LARGE WALK-IN CLOSET
• DOUBLE VANITY

Property features AI

Finance

• Other: Pets allowed (pet restrictions possible)

Exterior

• Parking: Attached 2-car garage with garage door opener; Driveway; Two covered parking spaces (included in garage count)
• Security: Smoke detectors
• Utilities: Public water; Septic tank sewer; Electricity connected; Cable available; Water connected
• Home design: Single-family home; One story; Resale, updated/remodeled; Faces north
• Construction: Built with stucco/CBS (concrete block with stucco); Shingle roof; Slab foundation; Built by Maronda Homes
• Exterior features: Outbuilding/shed for storage; Fenced backyard with gate; City street frontage; Asphalt/paved road access; Publicly maintained road

Interior

• Kitchen: Disposal; Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Four main-level bedrooms
• Flooring: Carpet; Ceramic tile; Tile
• Bathrooms: Two full bathrooms (main level)
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Foyer/entrance; Kitchen island; Walk-in closets; Split bedroom layout; Negotiable furnishings
• Laundry & utility: Inside laundry room on the main level; Washer hookup; In-unit laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $-694 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $252k (32.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (39.4% below list).
• Recommended offer: $227k (39.4% 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: W. Melbourne Elementary School For Science (math 88% / reading 86%, grade A+, #24 of 2,144 statewide, top 1%, 549 students, 18% 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 at 46% FRL track the district average.
• 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 26d 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 $40k 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 ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($364k) 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 $18k; list at $375k implies a 1983% 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 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,392 (39.4% 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 34 days. Have you received any prior offers? Is the seller open to a 39% 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: 0.61% ✗
• Cap rate: 4.07%
• Cash-on-cash: -7.94%
• DSCR: 0.65
• GRM: 13.7

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: $161,520
• Equity at exit: $337,830

10-year hold

• IRR: 17.6%
• Equity multiple: 5.89×
• Total profit: $513,597
• Equity at exit: $728,543

Cash invested: $105,000 (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: 13.7×

Monthly cashflow live

• Estimated rent: $2,274 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$368 /mo · $4,417/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $-694

Break-even live

Break-even rent $3,153

Max offer price $252,322

Occupancy floor —

Sensitivity live

Price	-10% $-482	-5% $-588	+0% $-694	+5% $-801	+10% $-907
Rent	-10% $-874	-5% $-784	+0% $-694	+5% $-605	+10% $-515
Rate	-1.0pp $-506	-0.5pp $-599	base $-694	+0.5pp $-792	+1.0pp $-890

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	25d	1	0.37mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	16d	1	0.42mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	25d	1	0.46mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	25d	1	0.59mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	0.61mi
171 Okeefe St SE Palm Bay, FL	3.0	2.0	1288	$1,855	$1.44	16d	1	0.62mi
296 Croquet Ave NE Palm Bay, FL	4.0	2.0	2028	$2,300	$1.13	23d	1	0.66mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	16d	1	0.67mi
210 Meehan Ave NW Palm Bay, FL	3.0	2.0	2020	$1,895	$0.94	16d	1	0.75mi
154 Daffodil Dr SW Palm Bay, FL	3.0–4.0	2.0–3.0	1384	$2,034	$1.47	16d	6	0.76mi
487 Wiltshire Ave SW Palm Bay, FL	3.0	2.0	1462	$2,300	$1.57	25d	1	0.98mi
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	25d	1	1.00mi
726 Scotten Ave SW Palm Bay, FL	3.0	2.0	1443	$1,970	$1.37	16d	1	1.01mi
511 Trumpet St SW Palm Bay, FL	3.0	2.0	1243	$2,200	$1.77	25d	1	1.02mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	25d	1	1.04mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	16d	1	1.14mi
857 Buchanan Ave SE Palm Bay, FL	3.0	2.0	1257	$1,950	$1.55	25d	1	1.16mi
334 Bordeaux Ave NE Palm Bay, FL	4.0	2.0	2083	$2,250	$1.08	16d	1	1.20mi
124 Evergreen St NE Palm Bay, FL	3.0	2.0	1283	$1,855	$1.45	25d	1	1.20mi
276 Americana Blvd NW Palm Bay, FL	4.0	3.0	2089	$2,500	$1.20	25d	1	1.22mi
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	16d	1	1.26mi
431 Brantley St SE Palm Bay, FL	3.0	2.0	1326	$2,050	$1.55	21d	1	1.27mi
914 Caligula Ave SE Palm Bay, FL	3.0	2.0	1371	$1,841	$1.34	16d	1	1.31mi
743 Andrew St SE Palm Bay, FL	3.0	2.0	1252	$1,895	$1.51	25d	1	1.31mi
263 Trilby Rd SW Palm Bay, FL	4.0	3.0	2000	$2,500	$1.25	25d	1	1.43mi
191 Turk Rd SW Palm Bay, FL	4.0	2.0	1604	$2,485	$1.55	25d	1	1.44mi
436 Wimpole Ln SW Palm Bay, FL	4.0	2.0	1806	$2,300	$1.27	25d	1	1.46mi

Listing history 21 events

1. 2026-06-22
   days on market $375,000 Active 34 DOM
2. 2026-06-18
   days on market $375,000 Active 31 DOM
3. 2026-06-17
   days on market $375,000 Active 30 DOM
4. 2026-06-16
   days on market $375,000 Active 29 DOM
5. 2026-06-15
   days on market $375,000 Active 28 DOM
6. 2026-06-14
   days on market $375,000 Active 26 DOM
7. 2026-06-10
   days on market $375,000 Active 23 DOM
8. 2026-06-08
   days on market $375,000 Active 21 DOM
9. 2026-06-07
   pricedays on market $375,000 Active 20 DOM
10. 2026-06-05
    days on market $380,000 Active 17 DOM
11. 2026-06-03
    days on market $380,000 Active 16 DOM
12. 2026-06-02
    days on market $380,000 Active 15 DOM
13. 2026-06-01
    days on market $380,000 Active 14 DOM
14. 2026-05-31
    days on market $380,000 Active 13 DOM
15. 2026-05-31
    days on market $380,000 Active 12 DOM
16. 2026-05-18
    listed $380,000 Active

    Show marketing remark (936 chars)

    Step into this like-new 2021 concrete-block home featuring 4 bedrooms, 2 baths, and 1,893 sq ft of beautifully designed living space. The desirable split floor plan offers privacy and functionality, while the open layout centers around a spacious kitchen island and stone countertops, creating the perfect hub for family gatherings and entertaining. Enjoy the elegance of a formal dining room, ideal for hosting holidays and special occasions. The primary suite delivers comfort with a large walk-in closet, double vanity, and a sleek walk-in shower. Convenience continues with indoor laundry, modern finishes throughout, and a truly turnkey presentation. Situated on a nice lot with an open back porch, this home offers a peaceful outdoor space for morning coffee or evening relaxation. Centrally located near schools, shopping, and just minutes from I-95, this home blends comfort, style, and accessibility in one exceptional package.

17. 2026-05-18
    listed $380,000 Active 936-char remark

    Show marketing remark (936 chars)

    Step into this like-new 2021 concrete-block home featuring 4 bedrooms, 2 baths, and 1,893 sq ft of beautifully designed living space. The desirable split floor plan offers privacy and functionality, while the open layout centers around a spacious kitchen island and stone countertops, creating the perfect hub for family gatherings and entertaining. Enjoy the elegance of a formal dining room, ideal for hosting holidays and special occasions. The primary suite delivers comfort with a large walk-in closet, double vanity, and a sleek walk-in shower. Convenience continues with indoor laundry, modern finishes throughout, and a truly turnkey presentation. Situated on a nice lot with an open back porch, this home offers a peaceful outdoor space for morning coffee or evening relaxation. Centrally located near schools, shopping, and just minutes from I-95, this home blends comfort, style, and accessibility in one exceptional package.

18. 2026-05-18
    listed $380,000 Active 936-char remark

    Show marketing remark (936 chars)

    Step into this like-new 2021 concrete-block home featuring 4 bedrooms, 2 baths, and 1,893 sq ft of beautifully designed living space. The desirable split floor plan offers privacy and functionality, while the open layout centers around a spacious kitchen island and stone countertops, creating the perfect hub for family gatherings and entertaining. Enjoy the elegance of a formal dining room, ideal for hosting holidays and special occasions. The primary suite delivers comfort with a large walk-in closet, double vanity, and a sleek walk-in shower. Convenience continues with indoor laundry, modern finishes throughout, and a truly turnkey presentation. Situated on a nice lot with an open back porch, this home offers a peaceful outdoor space for morning coffee or evening relaxation. Centrally located near schools, shopping, and just minutes from I-95, this home blends comfort, style, and accessibility in one exceptional package.

19. 2020-09-17
    soldstatus $18,000
20. 2017-06-30
    soldstatus $13,000
21. 2016-10-20
    listed $14,300

ⓘ 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: $4,417 · $368/mo
• Projected year-2 tax: $4,417 · $368/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 6 d/yr ≥106°F today · 19 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: $27,287
• − Mortgage interest: −$21,006
• − Property taxes: −$4,417
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,183
• − Management: −$2,183
• − Depreciation: −$10,909
• Taxable loss: −$15,286
• Est. tax savings @ 24.0%: +$3,669
• After-tax cash flow: $-4,665/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

+2557.3% since first listed

6 events — show timeline

• 2026-05-18 Listed $380,000 SCMLS
• 2026-05-18 Listed $380,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-18 Listed $380,000 Beaches MLS
• 2020-09-17 Sold (Public Records) $18,000 Public Records
• 2017-06-30 Sold (MLS) $13,000 SCMLS
• 2016-10-20 Listed $14,300 SCMLS

Property tax history

+39.4%/yr

Latest (2025): $4,417 · +2.3% YoY. Source: county tax records.