3242 Hainsworth Ave SE · Palm Bay, FL 32909

$317,900

4 bd · 2.0 ba · 2,052 sqft · Land · 35 Days on market

Built 2026 10,019 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
• Cash flow +7.8/30.0
• 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
• 1% rule +2.3/10.0
• DSCR +1.9/10.0

Listing remarks MLS

Discover The Iris - Spacious One-Story Living Designed for You Welcome to The Iris, a stunning one-story home featuring 4 to 5 bedrooms and 2 full bathrooms, with up to 2,052 square feet of versatile living space. Perfect for families or those who love to entertain, this home offers plenty of room for everyone to relax, spread out, and make lasting memories. From beautiful interior finishes to inviting outdoor areas, The Iris combines style and comfort in every detail. Customize your new home by choosing from a variety of color packages to reflect your personal taste. Ready to upgrade your lifestyle? Schedule a tour with one of our representatives today and visit our model home to see why Maronda Homes is the perfect builder for you!

Key facts

• Spacious great room
• Flexible room
• Light filled foyer

Tags

• COVERED FRONT ENTRY
• LIGHT FILLED FOYER
• FLEXIBLE ROOM
• SPACIOUS GREAT ROOM
• WALK IN PANTRY
• LARGE ISLAND

Property features AI

Exterior

• Parking: Attached garage with 2 garage spaces
• Security: Smoke detectors
• Utilities: Aerobic septic system; Cable available
• Home design: Single-family residence; One-story; Faces east; New construction
• Construction: Block and stucco construction; Shingle roof
• Exterior features: Storm shutters; Patio just off the great room

Interior

• Kitchen: Island; Walk-in pantry; Stainless steel appliances; Dishwasher; Electric range; Microwave
• Bedrooms: 4 bedrooms, all on the first floor; Primary bedroom with walk-in closet and ensuite featuring dual sinks and ceramic tile; Bedroom 2 with built-in closet; Bedroom 3 with built-in closet; Bedroom 4 with built-in closet
• Flooring: Carpet in bedrooms and some areas; Ceramic tile in kitchen, great room, and other main areas
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; Entrance foyer; Kitchen island; Open floorplan; Pantry; Primary bathroom with walk-in shower (no tub); Primary bedroom on main level; Smart home features including smart thermostat; Split bedroom layout; Walk-in closets
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $318k.

Deal economics

• At list price, monthly cash flow is $-355 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $267k (16.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (26.6% below list).
• Recommended offer: $233k (26.6% 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: 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; 19 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 35% 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 $34k of equity ($2k loan paydown + $32k 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 ~$55k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $252k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $233,202 (26.6% 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 35 days. Have you received any prior offers? Is the seller open to a 27% 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: 0.73% ✗
• Cap rate: 4.95%
• Cash-on-cash: -4.78%
• DSCR: 0.79
• GRM: 11.4

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: 21.1%
• Equity multiple: 2.71×
• Total profit: $152,167
• Equity at exit: $286,390

10-year hold

• IRR: 19.2%
• Equity multiple: 6.27×
• Total profit: $469,241
• Equity at exit: $617,610

Cash invested: $89,012 (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

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: 11.4×

Monthly cashflow live

• Estimated rent: $2,332 high
• Mortgage (P&I): −$1,667
• Tax est. 1.5%: −$397 /mo · $4,768/yr
• Insurance: −$132
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $-355

Break-even live

Break-even rent $2,781

Max offer price $266,583

Occupancy floor —

Sensitivity live

Price	-10% $-135	-5% $-245	+0% $-355	+5% $-464	+10% $-574
Rent	-10% $-539	-5% $-447	+0% $-355	+5% $-263	+10% $-170
Rate	-1.0pp $-195	-0.5pp $-274	base $-355	+0.5pp $-437	+1.0pp $-521

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: $79,475
• Closing costs: $9,537
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	24d	1	0.24mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	14d	1	0.30mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	14d	1	0.44mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	0.54mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	14d	1	0.55mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.61mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	14d	1	0.64mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	21d	1	0.85mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	24d	1	0.92mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	24d	1	0.98mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	21d	1	1.15mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	24d	1	1.23mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	24d	1	1.27mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	24d	1	1.29mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	14d	1	1.30mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	14d	1	1.31mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	24d	1	1.31mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	24d	1	1.31mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	14d	1	1.41mi

Listing history 24 events

1. 2026-06-17
   status $317,900 Pending 35 DOM
2. 2026-06-17
   days on market $317,900 Active 35 DOM
3. 2026-06-16
   days on market $317,900 Active 34 DOM
4. 2026-06-15
   days on market $317,900 Active 33 DOM
5. 2026-06-14
   days on market $317,900 Active 31 DOM
6. 2026-06-10
   days on market $317,900 Active 28 DOM
7. 2026-06-08
   days on market $317,900 Active 26 DOM
8. 2026-06-07
   days on market $317,900 Active 25 DOM
9. 2026-06-05
   days on market $317,900 Active 22 DOM
10. 2026-06-03
    days on market $317,900 Active 21 DOM
11. 2026-06-02
    days on market $317,900 Active 20 DOM
12. 2026-06-01
    days on market $317,900 Active 19 DOM
13. 2026-05-31
    days on market $317,900 Active 18 DOM
14. 2026-05-31
    days on market $317,900 Active 17 DOM
15. 2026-05-13
    listed $317,900 Active
16. 2026-05-07
    status Active 743-char remark

    Show marketing remark (743 chars)

    Discover The Iris - Spacious One-Story Living Designed for You Welcome to The Iris, a stunning one-story home featuring 4 to 5 bedrooms and 2 full bathrooms, with up to 2,052 square feet of versatile living space. Perfect for families or those who love to entertain, this home offers plenty of room for everyone to relax, spread out, and make lasting memories. From beautiful interior finishes to inviting outdoor areas, The Iris combines style and comfort in every detail. Customize your new home by choosing from a variety of color packages to reflect your personal taste. Ready to upgrade your lifestyle? Schedule a tour with one of our representatives today and visit our model home to see why Maronda Homes is the perfect builder for you!

17. 2026-05-07
    price $317,900 743-char remark

    Show marketing remark (743 chars)

    Discover The Iris - Spacious One-Story Living Designed for You Welcome to The Iris, a stunning one-story home featuring 4 to 5 bedrooms and 2 full bathrooms, with up to 2,052 square feet of versatile living space. Perfect for families or those who love to entertain, this home offers plenty of room for everyone to relax, spread out, and make lasting memories. From beautiful interior finishes to inviting outdoor areas, The Iris combines style and comfort in every detail. Customize your new home by choosing from a variety of color packages to reflect your personal taste. Ready to upgrade your lifestyle? Schedule a tour with one of our representatives today and visit our model home to see why Maronda Homes is the perfect builder for you!

18. 2026-05-02
    historical 743-char remark

    Show marketing remark (743 chars)

    Discover The Iris - Spacious One-Story Living Designed for You Welcome to The Iris, a stunning one-story home featuring 4 to 5 bedrooms and 2 full bathrooms, with up to 2,052 square feet of versatile living space. Perfect for families or those who love to entertain, this home offers plenty of room for everyone to relax, spread out, and make lasting memories. From beautiful interior finishes to inviting outdoor areas, The Iris combines style and comfort in every detail. Customize your new home by choosing from a variety of color packages to reflect your personal taste. Ready to upgrade your lifestyle? Schedule a tour with one of our representatives today and visit our model home to see why Maronda Homes is the perfect builder for you!

19. 2026-04-29
    listed $311,600 Active 743-char remark

    Show marketing remark (743 chars)

    Discover The Iris - Spacious One-Story Living Designed for You Welcome to The Iris, a stunning one-story home featuring 4 to 5 bedrooms and 2 full bathrooms, with up to 2,052 square feet of versatile living space. Perfect for families or those who love to entertain, this home offers plenty of room for everyone to relax, spread out, and make lasting memories. From beautiful interior finishes to inviting outdoor areas, The Iris combines style and comfort in every detail. Customize your new home by choosing from a variety of color packages to reflect your personal taste. Ready to upgrade your lifestyle? Schedule a tour with one of our representatives today and visit our model home to see why Maronda Homes is the perfect builder for you!

20. 2025-10-31
    historical
21. 2025-09-25
    price $42,999
22. 2025-06-03
    listed $49,999 Active
23. 2008-11-10
    soldstatus $251,523
24. 2005-12-21
    soldstatus $110,000

ⓘ 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 3/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $27,984
• − Mortgage interest: −$17,807
• − Property taxes: −$4,768
• − Insurance: −$1,590
• − Repairs & maintenance: −$2,239
• − Management: −$2,239
• − Depreciation: −$9,248
• Taxable loss: −$9,907
• Est. tax savings @ 24.0%: +$2,378
• After-tax cash flow: $-1,878/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

+189.0% since first listed

10 events — show timeline

• 2026-05-13 Listed $317,900 SCMLS
• 2026-05-07 Price Changed $317,900 Zillow
• 2026-05-07 Relisted — Zillow
• 2026-05-02 Delisted — Zillow
• 2026-04-29 Listed $311,600 Zillow
• 2025-10-31 Listing Removed — Beaches MLS
• 2025-09-25 Price Changed $42,999 Beaches MLS
• 2025-06-03 Listed $49,999 Beaches MLS
• 2008-11-10 Sold (Public Records) $251,523 Public Records
• 2005-12-21 Sold (Public Records) $110,000 Public Records

Property tax history

+28.5%/yr

Latest (2025): $565 · +8.8% YoY. Source: county tax records.