1740 Seagrape St NE · Palm Bay, FL 32905

$135,000

3 bd · 2.0 ba · 1,272 sqft · Manufactured public records · 42 Days on market

Built 1977 4,792 sqft lot $45/mo HOA · 2% of rent

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Why this score? — see what drove the B 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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +2.2/10.0

Listing remarks MLS

Complete remodel. Beautiful 3 Bedroom home in a 55+ community. Indoor laundry, Screened Porch, The Floors are all new. The vapor barrier is redone. New plumbing, new roof. This home is a must see. This quiet neighborhood is conveniently located to US 1 with easy access to 192, shopping and the beaches! This home comes with a membership. Voluntary HOA to be able to use the Community Pool and all other Community Amenities for and $35 per month HOA fee. HOA IS NOT MANADATORY! The land is included with the home.

Key facts

• Laminate flooring
• Own the land
• Indoor laundry

Tags

• OWN THE LAND
• ABUNDANT NATURAL LIGHT
• SPACIOUS LIVING ROOM
• LAMINATE FLOORING
• INDOOR LAUNDRY
• GENEROUS STORAGE SPACE

Property features AI

Finance

• HOA & community: Part of Palm Bay Colony association; Monthly association fee of $45; Association maintains grounds; Community amenities include clubhouse, fitness center, tennis courts, pickleball, and shuffleboard; Senior community

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Manufactured home; One level; Faces east
• Construction: Frame construction with vinyl siding; Metal roof; Built as a manufactured home
• Exterior features: Storm shutters; Covered front porch; Patio; Screened porch; Chain link fence; Fenced yard; No private pool

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Primary bathroom with tub and shower; Accessible approach with ramp
• Laundry & utility: In-unit washer and dryer; Dryer; Washer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $472 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

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: Palm Bay Elementary School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 586 students, 74% FRL); Stone Magnet Middle School (math 33% / reading 35%, grade F, #426 of 571 statewide, top 75%, 670 students, 69% 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 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 55% district-wide (-22 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 324 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 39% of the median local income ($56k/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 $933 of loan paydown is wiped out by about $4k 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 42 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y 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 $115k; 17% 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 $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.36% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.97%
• DSCR: 1.67
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.0%
• Equity multiple: 1.07×
• Total profit: $2,822
• Equity at exit: $20,129

10-year hold

• IRR: 8.3%
• Equity multiple: 1.54×
• Total profit: $20,517
• Equity at exit: $11,672

Cash invested: $37,800 (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 32905

• Home prices YoY: -1.8%
• Rents YoY: -0.5%
• Active inventory: 324
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,841 high
• Mortgage (P&I): −$708
• Tax from tax record: −$174 /mo · $2,087/yr
• Insurance: −$56
• HOA: −$45
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $472

Break-even live

Break-even rent $1,244

Max offer price $135,000

Occupancy floor 69%

Sensitivity live

Price	-10% $548	-5% $510	+0% $472	+5% $433	+10% $395
Rent	-10% $326	-5% $399	+0% $472	+5% $544	+10% $617
Rate	-1.0pp $540	-0.5pp $506	base $472	+0.5pp $437	+1.0pp $401

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4317 Jetty Ln NE Palm Bay, FL	3.0	2.0	1699	$2,200	$1.29	22d	1	0.26mi
1894 Coco Plum St NE Palm Bay, FL	2.0	2.0	1188	$1,200	$1.01	20d	1	0.26mi
1924 Seagrape St NE Palm Bay, FL	2.0	2.0	1206	$1,575	$1.31	15d	1	0.28mi
3676 Mount Carmel Ln Melbourne, FL	4.0	2.0	1772	$2,000	$1.13	15d	1	0.37mi
3506 Mount Carmel Ln Melbourne, FL	3.0	2.0	1815	$2,800	$1.54	25d	1	0.40mi
2399 Coconut Palm Dr NE Palm Bay, FL	2.0	2.0	968	$1,795	$1.85	25d	1	0.42mi
2361 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1106	$2,255	$2.04	15d	47	0.52mi
1700 Woodlake Dr NE Palm Bay, FL	1.0–2.0	1.0–2.0	875	$1,500	$1.71	25d	12	0.55mi
3711 Vista Oaks Cir NE Palm Bay, FL	2.0	1.5	1236	$1,500	$1.21	22d	1	0.63mi
2155 Robert J Conlan Blvd NE Palm Bay, FL	1.0–3.0	1.0–2.0	1093	$2,022	$1.85	15d	20	0.63mi
2331 Commerce Park Dr NE Palm Bay, FL	1.0–3.0	1.0–2.0	1094	$2,024	$1.85	15d	33	0.65mi
1630 Bottlebrush Dr Palm Bay, FL	2.0	1.0	600	$1,495	$2.49	25d	1	0.71mi
520 Benton Dr Melbourne, FL	3.0	2.0	1281	$1,850	$1.44	25d	1	0.72mi
2154 Henry St NE Palm Bay, FL	4.0	1.5	1020	$1,850	$1.81	25d	1	0.76mi
4001 Pinewood Dr NE Palm Bay, FL	2.0	2.0	1036	$1,269	$1.22	25d	5	0.91mi
342 Crown Blvd Melbourne, FL	3.0	2.0	1224	$1,900	$1.55	25d	1	0.93mi
2168 Tarrytown Ln NE Palm Bay, FL	3.0	2.0	1281	$1,775	$1.39	15d	1	0.98mi
3016 Pinewood Dr NE Palm Bay, FL	1.0–2.0	1.0	800	$1,103	$1.38	25d	1	0.98mi
2106 Tarrytown Ln NE Palm Bay, FL	3.0	2.0	1281	$1,900	$1.48	15d	1	1.01mi
1880 Mogra Cir NE Palm Bay, FL	2.0–3.0	2.0	1090	$1,899	$1.74	15d	6	1.02mi
1300 Arlington Ln NE #125 Palm Bay, FL	2.0	2.5	1140	$1,500	$1.32	20d	1	1.03mi
2643B Kingswood Dr NE Palm Bay, FL	3.0	1.0	1000	$1,650	$1.65	20d	1	1.09mi
2394 Shenandoah Rd NE Palm Bay, FL	3.0	2.0	1632	$2,000	$1.23	25d	1	1.10mi
2308 Shenandoah Rd Unit B Palm Bay, FL	3.0	1.5	1612	$1,975	$1.23	15d	1	1.16mi
2308 Shenandoah Rd Unit A Palm Bay, FL	3.0	1.0	1612	$1,600	$0.99	25d	1	1.16mi
4315 S Babcock St Melbourne, FL	1.0–3.0	1.0–2.0	996	$2,026	$2.03	15d	15	1.25mi
1051 Clearmont St NE Unit 202 Palm Bay, FL	2.0	2.0	993	$1,480	$1.49	20d	1	1.36mi
3104 Swift St Melbourne, FL	3.0	1.0	1379	$1,750	$1.27	25d	1	1.39mi

HOA detail

• Monthly dues: $45 · $540/yr
• Likely covers: pool

Listing history 31 events

1. 2026-06-22
   days on market $135,000 Active 42 DOM
2. 2026-06-18
   days on market $135,000 Active 39 DOM
3. 2026-06-17
   days on market $135,000 Active 38 DOM
4. 2026-06-16
   days on market $135,000 Active 37 DOM
5. 2026-06-15
   days on market $135,000 Active 36 DOM
6. 2026-06-14
   days on market $135,000 Active 34 DOM
7. 2026-06-10
   days on market $135,000 Active 31 DOM
8. 2026-06-08
   days on market $135,000 Active 29 DOM
9. 2026-06-07
   days on market $135,000 Active 28 DOM
10. 2026-06-05
    days on market $135,000 Active 25 DOM
11. 2026-06-03
    days on market $135,000 Active 24 DOM
12. 2026-06-02
    pricedays on market $135,000 Active 23 DOM
13. 2026-06-01
    days on market $140,000 Active 22 DOM
14. 2026-05-31
    days on market $140,000 Active 21 DOM
15. 2026-05-31
    days on market $140,000 Active 20 DOM
16. 2026-05-10
    listed $140,000 Active
17. 2021-05-14
    soldstatus $115,000
18. 2021-05-06
    soldstatus $115,000 Closed 513-char remark

    Show marketing remark (513 chars)

    Complete remodel. Beautiful 3 Bedroom home in a 55+ community. Indoor laundry, Screened Porch, The Floors are all new. The vapor barrier is redone. New plumbing, new roof. This home is a must see. This quiet neighborhood is conveniently located to US 1 with easy access to 192, shopping and the beaches! This home comes with a membership. Voluntary HOA to be able to use the Community Pool and all other Community Amenities for and $35 per month HOA fee. HOA IS NOT MANADATORY! The land is included with the home.

19. 2021-03-15
    historical Contingent 513-char remark

    Show marketing remark (513 chars)

    Complete remodel. Beautiful 3 Bedroom home in a 55+ community. Indoor laundry, Screened Porch, The Floors are all new. The vapor barrier is redone. New plumbing, new roof. This home is a must see. This quiet neighborhood is conveniently located to US 1 with easy access to 192, shopping and the beaches! This home comes with a membership. Voluntary HOA to be able to use the Community Pool and all other Community Amenities for and $35 per month HOA fee. HOA IS NOT MANADATORY! The land is included with the home.

20. 2020-09-28
    price $145,900 513-char remark

    Show marketing remark (513 chars)

    Complete remodel. Beautiful 3 Bedroom home in a 55+ community. Indoor laundry, Screened Porch, The Floors are all new. The vapor barrier is redone. New plumbing, new roof. This home is a must see. This quiet neighborhood is conveniently located to US 1 with easy access to 192, shopping and the beaches! This home comes with a membership. Voluntary HOA to be able to use the Community Pool and all other Community Amenities for and $35 per month HOA fee. HOA IS NOT MANADATORY! The land is included with the home.

21. 2020-03-29
    listed $149,900 Active 513-char remark

    Show marketing remark (513 chars)

    Complete remodel. Beautiful 3 Bedroom home in a 55+ community. Indoor laundry, Screened Porch, The Floors are all new. The vapor barrier is redone. New plumbing, new roof. This home is a must see. This quiet neighborhood is conveniently located to US 1 with easy access to 192, shopping and the beaches! This home comes with a membership. Voluntary HOA to be able to use the Community Pool and all other Community Amenities for and $35 per month HOA fee. HOA IS NOT MANADATORY! The land is included with the home.

22. 2016-08-16
    historical 193-char remark

    Show marketing remark (193 chars)

    Great retirement home in +55 community. Indoor laundry area, storm awnings surround home, screened porch-entrance, built-in dining room china cabinet, phone jacks and cable in 4 rooms and more.

23. 2016-08-16
    historical

    Show marketing remark (193 chars)

    Great retirement home in +55 community. Indoor laundry area, storm awnings surround home, screened porch-entrance, built-in dining room china cabinet, phone jacks and cable in 4 rooms and more.

24. 2016-08-16
    historical

    Show marketing remark (193 chars)

    Great retirement home in +55 community. Indoor laundry area, storm awnings surround home, screened porch-entrance, built-in dining room china cabinet, phone jacks and cable in 4 rooms and more.

25. 2014-12-23
    soldstatus $30,000
26. 2014-10-20
    listed $39,900
27. 2012-02-17
    listed $39,900 193-char remark

    Show marketing remark (193 chars)

    Great retirement home in +55 community. Indoor laundry area, storm awnings surround home, screened porch-entrance, built-in dining room china cabinet, phone jacks and cable in 4 rooms and more.

28. 2009-04-14
    listed $64,900
29. 2007-11-13
    listed $65,900
30. 1988-05-01
    soldstatus $40,000
31. 1977-06-01
    soldstatus $25,900

ⓘ 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: $2,087 · $174/mo
• Projected year-2 tax: $2,087 · $174/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 10/10 Extreme 7 d/yr ≥105°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: $22,097
• − Mortgage interest: −$7,562
• − Property taxes: −$2,087
• − Insurance: −$675
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − HOA: −$540
• − Depreciation: −$3,927
• Taxable income: $3,770
• Est. tax owed @ 24.0%: −$905
• After-tax cash flow: $4,754/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): 24,792
• Household income: $56,411
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1962.0

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 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 16% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 2% Hispanic 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 2%

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: ▼ -5.59%
• Current HPI: 309.8748
• Rent YoY: ▼ -0.52%
• 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

+440.5% since first listed

16 events — show timeline

• 2026-05-10 Listed $140,000 SCMLS
• 2021-05-14 Sold (Public Records) $115,000 Public Records
• 2021-05-06 Sold (MLS) $115,000 SCMLS
• 2021-03-15 Contingent — SCMLS
• 2020-09-28 Price Changed $145,900 SCMLS
• 2020-03-29 Listed $149,900 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2014-12-23 Sold (MLS) $30,000 SCMLS
• 2014-10-20 Listed $39,900 SCMLS
• 2012-02-17 Listed $39,900 SCMLS
• 2009-04-14 Listed $64,900 SCMLS
• 2007-11-13 Listed $65,900 SCMLS
• 1988-05-01 Sold (Public Records) $40,000 Public Records
• 1977-06-01 Sold (Public Records) $25,900 Public Records

Property tax history

+11.0%/yr

Latest (2025): $2,087 · -9.1% YoY. Source: county tax records.