242 Ferguson St SE · Palm Bay, FL 32909

$325,000

3 bd · 3.0 ba · 1,542 sqft · SingleFamily public records · 52 Days on market

Built 2022 10,018 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 +6.7/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.9/10.0

Listing remarks MLS

The FOXTAIL, an affordable, block constructed home with top of the line features in every corner of the home. A welcoming Dining room that flows right into a vast Kitchen, with expansive Counters and Whirlpool appliances. This home is perfect for hosting and keeping the family together, with High Top Seating that allows you to be part of the Kitchen and the abundant Great Room as well. Three considerable sized Bedrooms and an Owner's Suite in its own, separate corner of the home.

Key facts

• 0.23 acre lot
• 2 parking spots
• Built 2022

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association (NA)

Exterior

• Parking: Assigned covered carport with two spaces; Additional parking available
• Utilities: Public water; County sewer
• Home design: Single-story; Residential property
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Screened patio; Few trees on the lot; Paved road access; Has view; Faces west

Interior

• Kitchen: Refrigerator; Range; Microwave; Dishwasher; Disposal
• Bedrooms: Three bedrooms (11x10, 11x10, 11x10); Additional room/space (10x8)
• Flooring: Laminate; Tile
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Double-hung windows; Sliding doors; Partially furnished; Split bedroom layout
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-590 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $221k (32.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (33.1% below list).
• Recommended offer: $217k (33.1% 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); 1123 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).

Forward outlook

• In year one you build about $35k 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 ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $265k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,280 (33.1% 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 52 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 0.67% ✗
• Cap rate: 4.36%
• Cash-on-cash: -6.91%
• DSCR: 0.69
• GRM: 12.5

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: 19.0%
• Equity multiple: 2.55×
• Total profit: $140,962
• Equity at exit: $292,786

10-year hold

• IRR: 17.7%
• Equity multiple: 5.92×
• Total profit: $447,882
• Equity at exit: $631,404

Cash invested: $91,000 (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: 12.5×

Monthly cashflow live

• Estimated rent: $2,173 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$400 /mo · $4,805/yr
• Insurance: −$135
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $-590

Break-even live

Break-even rent $2,920

Max offer price $220,750

Occupancy floor —

Sensitivity live

Price	-10% $-406	-5% $-498	+0% $-590	+5% $-682	+10% $-774
Rent	-10% $-762	-5% $-676	+0% $-590	+5% $-504	+10% $-418
Rate	-1.0pp $-426	-0.5pp $-507	base $-590	+0.5pp $-674	+1.0pp $-760

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.13mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	16d	1	0.15mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	0.23mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	0.39mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.46mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	25d	1	0.62mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	0.65mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	16d	1	0.68mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.72mi
2749 Freehold Ave SE Palm Bay, FL	3.0	2.0	1386	$1,800	$1.30	25d	1	0.82mi
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.89mi
448 Saint Andre Blvd SW Palm Bay, FL	4.0	2.0	2088	$4,000	$1.92	25d	1	0.90mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.93mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	16d	1	1.08mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.14mi
583 Halifax St SW Palm Bay, FL	4.0	2.0	1833	$2,075	$1.13	15d	1	1.18mi
2691 Tepee Ave SE Palm Bay, FL	4.0	2.0	1833	$2,040	$1.11	23d	1	1.32mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	1.32mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	16d	1	1.35mi

Listing history 22 events

1. 2026-06-22
   days on market $325,000 Active 52 DOM
2. 2026-06-18
   days on market $325,000 Active 49 DOM
3. 2026-06-17
   days on market $325,000 Active 48 DOM
4. 2026-06-16
   days on market $325,000 Active 47 DOM
5. 2026-06-15
   days on market $325,000 Active 46 DOM
6. 2026-06-14
   days on market $325,000 Active 44 DOM
7. 2026-06-10
   days on market $325,000 Active 41 DOM
8. 2026-06-08
   days on market $325,000 Active 39 DOM
9. 2026-06-07
   days on market $325,000 Active 38 DOM
10. 2026-06-05
    days on market $325,000 Active 35 DOM
11. 2026-06-03
    days on market $325,000 Active 34 DOM
12. 2026-06-02
    days on market $325,000 Active 33 DOM
13. 2026-06-01
    days on market $325,000 Active 32 DOM
14. 2026-05-31
    days on market $325,000 Active 31 DOM
15. 2026-05-31
    days on market $325,000 Active 30 DOM
16. 2026-04-29
    listed $325,000 Active
17. 2024-06-01
    historical $2,000
18. 2024-05-05
    listed $2,000
19. 2022-06-14
    soldstatus $265,498 Closed 485-char remark

    Show marketing remark (485 chars)

    The FOXTAIL, an affordable, block constructed home with top of the line features in every corner of the home. A welcoming Dining room that flows right into a vast Kitchen, with expansive Counters and Whirlpool appliances. This home is perfect for hosting and keeping the family together, with High Top Seating that allows you to be part of the Kitchen and the abundant Great Room as well. Three considerable sized Bedrooms and an Owner's Suite in its own, separate corner of the home.

20. 2022-03-28
    historical 485-char remark

    Show marketing remark (485 chars)

    The FOXTAIL, an affordable, block constructed home with top of the line features in every corner of the home. A welcoming Dining room that flows right into a vast Kitchen, with expansive Counters and Whirlpool appliances. This home is perfect for hosting and keeping the family together, with High Top Seating that allows you to be part of the Kitchen and the abundant Great Room as well. Three considerable sized Bedrooms and an Owner's Suite in its own, separate corner of the home.

21. 2022-03-27
    listed $265,498 485-char remark

    Show marketing remark (485 chars)

    The FOXTAIL, an affordable, block constructed home with top of the line features in every corner of the home. A welcoming Dining room that flows right into a vast Kitchen, with expansive Counters and Whirlpool appliances. This home is perfect for hosting and keeping the family together, with High Top Seating that allows you to be part of the Kitchen and the abundant Great Room as well. Three considerable sized Bedrooms and an Owner's Suite in its own, separate corner of the home.

22. 2003-10-13
    soldstatus $7,301,800

ⓘ 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: $4,805 · $400/mo
• Projected year-2 tax: $4,805 · $400/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 7/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 20 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: $26,074
• − Mortgage interest: −$18,205
• − Property taxes: −$4,805
• − Insurance: −$2,422
• − Repairs & maintenance: −$2,086
• − Management: −$2,086
• − Depreciation: −$9,455
• Taxable loss: −$12,985
• Est. tax savings @ 24.0%: +$3,117
• After-tax cash flow: $-3,965/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

-95.5% since first listed

7 events — show timeline

• 2026-04-29 Listed $325,000 RAIRCMLS
• 2024-06-01 Rental Removed $2,000 GFLMLS
• 2024-05-05 Listed for Rent $2,000 GFLMLS
• 2022-06-14 Sold (MLS) $265,498 SCMLS
• 2022-03-28 Listing Removed — SCMLS
• 2022-03-27 Listed $265,498 SCMLS
• 2003-10-13 Sold (Public Records) $7,301,800 Public Records

Property tax history

+26.8%/yr

Latest (2025): $4,805 · +1.2% YoY. Source: county tax records.