627 Binney St NE · Palm Bay, FL 32907

$299,000

3 bd · 2.0 ba · 1,394 sqft · SingleFamily public records · 55 Days on market

Built 1980 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).

• Cash flow +11.7/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

Key facts

• 0.23 acre lot
• 2 garage spots
• Pool

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public sewer; Cable available; Electricity connected; Water connected
• Home design: Single family residence; One story; Facing south
• Construction: Frame, stucco and wood siding construction; Shingle roof; Built with standard foundation
• Exterior features: In-ground private pool; Back yard privacy wood fence; Fire pit; Patio and screened porch

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Hot water heating; Electric heating; Central air; Electric cooling
• Interior features: Fire pit; Patio, porch and screened porch
• Laundry & utility: Laundry located in the garage; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-85 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $284k (5.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (29.5% below list).
• Recommended offer: $211k (29.5% 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: Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Palm Bay Magnet Senior High School (math 25% / reading 37%, grade F, #429 of 667 statewide, top 65%, 1,486 students, 63% FRL) — zoned schools average 60% FRL vs 43% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 35% at this address vs 55% district-wide (-20 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 739 active listings in the ZIP; 21 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 34% of the median local income ($75k/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 55 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 6 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 $80k; list at $299k implies a 274% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,907 (29.5% 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 55 days. Have you received any prior offers? Is the seller open to a 29% 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: 0.71% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.22%
• DSCR: 0.95
• GRM: 11.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.93% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.30×
• Total profit: $-58,357
• Equity at exit: $44,582

10-year hold

• IRR: -18.0%
• Equity multiple: 0.10×
• Total profit: $-75,421
• Equity at exit: $25,852

Cash invested: $83,720 (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 32907

• Home prices YoY: -10.1%
• Rents YoY: 0.9%
• Active inventory: 739
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,109 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-85

Break-even live

Break-even rent $2,217

Max offer price $283,909

Occupancy floor 99%

Sensitivity live

Price	-10% $84	-5% $-1	+0% $-85	+5% $-170	+10% $-255
Rent	-10% $-252	-5% $-169	+0% $-85	+5% $-2	+10% $81
Rate	-1.0pp $65	-0.5pp $-9	base $-85	+0.5pp $-163	+1.0pp $-242

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
481 Firestone St NE Palm Bay, FL	4.0	2.0	1504	$2,100	$1.40	24d	1	0.27mi
549 Burlington Ave NE Palm Bay, FL	3.0	2.0	1608	$2,075	$1.29	14d	1	0.44mi
741 Fairhaven St NE Palm Bay, FL	2.0	2.0	1336	$1,900	$1.42	24d	1	0.45mi
463 Eldron Blvd NE Palm Bay, FL	4.0	2.0	1870	$2,800	$1.50	24d	1	0.47mi
214 Eldron Blvd NE Palm Bay, FL	3.0	2.0	1646	$2,075	$1.26	24d	1	0.49mi
347 Americana Blvd NE Palm Bay, FL	3.0	2.0	1372	$1,900	$1.38	14d	1	0.67mi
154 Anderson Ave NE Unit 154 Palm Bay, FL	3.0	2.0	1414	$1,800	$1.27	14d	1	0.70mi
272 Aquarius Ave SE Palm Bay, FL	4.0	2.0	1650	$1,995	$1.21	24d	1	0.85mi
741 Frisco St SE Palm Bay, FL	3.0	2.0	1156	$1,950	$1.69	24d	1	0.89mi
490 Hatcher St SE Palm Bay, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	0.93mi
320 Algiers Ave SE Palm Bay, FL	3.0	2.0	1306	$1,825	$1.40	24d	1	0.94mi
331 Holiday Park Blvd NE Palm Bay, FL	2.0	2.0	920	$1,350	$1.47	24d	1	0.97mi
124 Evergreen St NE Palm Bay, FL	3.0	2.0	1283	$1,855	$1.45	24d	1	0.98mi
205 Valor Dr SE Palm Bay, FL	1.0–2.0	1.0–2.0	901	$1,937	$2.15	14d	17	0.99mi
461 Ellington Ave SE Palm Bay, FL	2.0	2.0	1040	$1,595	$1.53	24d	1	1.11mi
194 Holiday Park Blvd NE Palm Bay, FL	3.0	2.0	1404	$1,695	$1.21	24d	1	1.23mi
356 Pipit St NE Palm Bay, FL	3.0	2.0	1530	$1,800	$1.18	24d	1	1.24mi
986 Piedmont Ave NE Palm Bay, FL	3.0	2.0	1238	$1,850	$1.49	14d	1	1.30mi
453 Ralwood Ln NE Palm Bay, FL	3.0	2.0	1160	$1,900	$1.64	24d	1	1.36mi
309 Cactus St SE Palm Bay, FL	4.0	2.0	1846	$2,195	$1.19	14d	1	1.42mi
1391 Nolan St NE Palm Bay, FL	3.0	2.0	1176	$1,830	$1.56	19d	1	1.44mi

Listing history 27 events

1. 2026-05-20
   status Pending
2. 2026-05-15
   historical Active Under Contract
3. 2026-03-26
   listed $299,000 Active
4. 2026-03-21
   price $299,000 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

5. 2026-03-21
   status Active 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

6. 2026-03-21
   status Pending 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

7. 2026-03-21
   historical 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

8. 2026-03-05
   price $310,000 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

9. 2026-01-05
   price $315,000 316-char remark

   Show marketing remark (316 chars)

   Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

10. 2025-10-31
    price $320,000 316-char remark

    Show marketing remark (316 chars)

    Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

11. 2025-09-24
    listed $325,000 Active 316-char remark

    Show marketing remark (316 chars)

    Adorable Pool Home with 3 bedrooms and 2 bathrooms! Roof 2018. New carpet in the bedrooms, new vinyl flooring in the living room, updated kitchen. Large family room that leads to a screened patio and a sparkling pool. Private fenced backyard with lots of space. Centrally located and close to shopping, I-95 and FIT.

12. 2025-06-24
    historical 334-char remark

    Show marketing remark (334 chars)

    Discover comfort and convenience in this 3-bed, 2-bath home with a refreshing pool—a perfect retreat for families or guests. Enjoy a well-equipped kitchen and quick access to Highway 95. With beaches just 20 minutes away, great dining, shopping, and a friendly neighborhood vibe, this home embodies Florida living at its finest.

13. 2025-02-10
    price $339,000 334-char remark

    Show marketing remark (334 chars)

    Discover comfort and convenience in this 3-bed, 2-bath home with a refreshing pool—a perfect retreat for families or guests. Enjoy a well-equipped kitchen and quick access to Highway 95. With beaches just 20 minutes away, great dining, shopping, and a friendly neighborhood vibe, this home embodies Florida living at its finest.

14. 2025-01-24
    listed $349,000 Active 334-char remark

    Show marketing remark (334 chars)

    Discover comfort and convenience in this 3-bed, 2-bath home with a refreshing pool—a perfect retreat for families or guests. Enjoy a well-equipped kitchen and quick access to Highway 95. With beaches just 20 minutes away, great dining, shopping, and a friendly neighborhood vibe, this home embodies Florida living at its finest.

15. 2024-06-13
    historical
16. 2024-02-06
    price $349,000
17. 2024-01-13
    price $355,000
18. 2024-01-04
    price $360,000
19. 2023-12-13
    listed $365,000 Active
20. 2022-11-05
    historical
21. 2022-07-05
    price $2,710
22. 2022-07-01
    price $369,900
23. 2022-06-06
    price $379,900
24. 2022-05-26
    listed $389,900 Active
25. 1992-07-01
    soldstatus $79,900
26. 1987-08-01
    soldstatus $81,000
27. 1980-10-01
    soldstatus $54,900

ⓘ 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: $708 · $59/mo
• Projected year-2 tax: $2,482 · $207/mo
• Expected delta: +$1,773/yr (+$148/mo · 250.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 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: $25,309
• − Mortgage interest: −$16,749
• − Property taxes: −$708
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,025
• − Management: −$2,025
• − Depreciation: −$8,698
• Taxable loss: −$6,391
• Est. tax savings @ 24.0%: +$1,534
• After-tax cash flow: $509/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): 49,080
• Household income: $75,311
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 702.0

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 0.62)
• Race & ethnicity: White 56% Hispanic / Latino 21% Black 15% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Cuban 2% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Hispanic 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -34.79%
• Current HPI: 308.9719
• Rent YoY: ▲ 0.93%
• 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

+444.6% since first listed

27 events — show timeline

• 2026-05-20 Pending — SCMLS
• 2026-05-15 Contingent — SCMLS
• 2026-03-26 Listed $299,000 SCMLS
• 2026-03-21 Price Changed $299,000 SCMLS
• 2026-03-21 Relisted — SCMLS
• 2026-03-21 Pending — SCMLS
• 2026-03-21 Listing Removed — SCMLS
• 2026-03-05 Price Changed $310,000 SCMLS
• 2026-01-05 Price Changed $315,000 SCMLS
• 2025-10-31 Price Changed $320,000 SCMLS
• 2025-09-24 Listed $325,000 SCMLS
• 2025-06-24 Listing Removed — SCMLS
• 2025-02-10 Price Changed $339,000 SCMLS
• 2025-01-24 Listed $349,000 SCMLS
• 2024-06-13 Listing Removed — SCMLS
• 2024-02-06 Price Changed $349,000 SCMLS
• 2024-01-13 Price Changed $355,000 SCMLS
• 2024-01-04 Price Changed $360,000 SCMLS
• 2023-12-13 Listed $365,000 SCMLS
• 2022-11-05 Listing Removed — SCMLS
• 2022-07-05 Price Changed $2,710 RENT.
• 2022-07-01 Price Changed $369,900 SCMLS
• 2022-06-06 Price Changed $379,900 SCMLS
• 2022-05-26 Listed $389,900 SCMLS
• 1992-07-01 Sold (Public Records) $79,900 Public Records
• 1987-08-01 Sold (Public Records) $81,000 Public Records
• 1980-10-01 Sold (Public Records) $54,900 Public Records

Property tax history

-0.1%/yr

Latest (2025): $708 · +1.7% YoY. Source: county tax records.