3486 Aberdeen Dr SE · Palm Bay, FL 32909

$359,900

4 bd · 2.0 ba · 1,830 sqft · SingleFamily public records · 138 Days on market

Built 2023 6,098 sqft lot $42/mo HOA · 2% of rent

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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 +6.2/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +0.5/10.0

Listing remarks MLS

This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• HOA & community: Community managed by Access Residential Management; Monthly association fees; Community amenities: basketball court, clubhouse, pickleball, playground

Exterior

• Parking: 2-car garage with garage door opener
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Public sewer; Electricity available; Water available; Sewer available
• Home design: Single-family residence; One level; Northeast-facing
• Construction: Block and stucco construction
• Exterior features: Covered, screened rear porch; Front and rear sprinklers; Carbon monoxide detectors; Smoke detectors; Shingle roof

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Kitchen island; Open floor plan; Pantry; Primary bathroom with shower (no tub); Smart home features; 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 single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-655 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $244k (32.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (31.6% below list).
• Recommended offer: $244k (32.2% below list) — sets the bar for cash-flow.

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: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% 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 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 37% 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 $38k of equity ($2k loan paydown + $36k 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 ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $244,133 (32.2% 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 138 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.68% ✗
• Cap rate: 4.11%
• Cash-on-cash: -7.80%
• DSCR: 0.65
• GRM: 12.2

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: $156,051
• Equity at exit: $324,226

10-year hold

• IRR: 17.7%
• Equity multiple: 5.92×
• Total profit: $496,065
• Equity at exit: $699,207

Cash invested: $100,772 (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: 12.2×

Monthly cashflow live

• Estimated rent: $2,463 high
• Mortgage (P&I): −$1,887
• Tax from tax record: −$521 /mo · $6,258/yr
• Insurance: −$150
• HOA: −$42
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $-655

Break-even live

Break-even rent $3,292

Max offer price $244,133

Occupancy floor —

Sensitivity live

Price	-10% $-452	-5% $-553	+0% $-655	+5% $-757	+10% $-859
Rent	-10% $-850	-5% $-753	+0% $-655	+5% $-558	+10% $-461
Rate	-1.0pp $-474	-0.5pp $-564	base $-655	+0.5pp $-749	+1.0pp $-843

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: $89,975
• Closing costs: $10,797
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	21d	1	0.18mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	15d	1	0.23mi
1046 Grantham Ln SE Palm Bay, FL	4.0	2.5	2405	$3,100	$1.29	25d	1	0.25mi
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	25d	1	0.28mi
1394 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1876	$2,500	$1.33	21d	1	0.32mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	15d	1	0.35mi
1783 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2207	$2,100	$0.95	25d	1	0.51mi
1496 Dittmer Cir SE Palm Bay, FL	4.0	2.0	2187	$2,440	$1.12	16d	1	0.52mi
1566 Criswell Ln SE Palm Bay, FL	4.0	2.0	2046	$2,400	$1.17	25d	1	0.53mi
3517 Rixford Way SE Palm Bay, FL	4.0	3.0	2562	$2,800	$1.09	25d	1	0.70mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	25d	1	0.71mi
1453 Santa Anna St SE Palm Bay, FL	3.0	2.0	1994	$2,500	$1.25	16d	1	0.77mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	25d	1	0.77mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	25d	1	0.81mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	0.95mi
3004 Suntan Ct SE Palm Bay, FL	4.0	2.0	2388	$2,900	$1.21	25d	1	0.97mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	25d	1	1.19mi
2877 Palisades Dr SE Palm Bay, FL	3.0	2.0	1974	$2,150	$1.09	21d	1	1.20mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	25d	1	1.29mi

HOA detail

• Monthly dues: $42 · $504/yr

Listing history 36 events

1. 2026-06-22
   days on market $359,900 Active 138 DOM
2. 2026-06-18
   days on market $359,900 Active 135 DOM
3. 2026-06-17
   days on market $359,900 Active 134 DOM
4. 2026-06-16
   days on market $359,900 Active 133 DOM
5. 2026-06-15
   days on market $359,900 Active 132 DOM
6. 2026-06-14
   days on market $359,900 Active 130 DOM
7. 2026-06-10
   days on market $359,900 Active 127 DOM
8. 2026-06-08
   days on market $359,900 Active 125 DOM
9. 2026-06-07
   days on market $359,900 Active 124 DOM
10. 2026-06-05
    days on market $359,900 Active 121 DOM
11. 2026-06-03
    days on market $359,900 Active 120 DOM
12. 2026-06-02
    days on market $359,900 Active 119 DOM
13. 2026-06-01
    days on market $359,900 Active 118 DOM
14. 2026-05-31
    days on market $359,900 Active 117 DOM
15. 2026-05-31
    days on market $359,900 Active 116 DOM
16. 2026-04-04
    price $359,900
17. 2026-03-08
    price $365,000
18. 2026-02-03
    listed $370,000 Active
19. 2026-01-30
    historical $370,000
20. 2025-11-01
    historical 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

21. 2025-06-11
    status Active 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

22. 2025-06-08
    historical 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

23. 2025-05-03
    price $370,000 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

24. 2025-01-26
    price $360,000 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

25. 2025-01-11
    listed $370,000 Active 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

26. 2025-01-11
    historical $370,000 497-char remark

    Show marketing remark (497 chars)

    This charming 4-bedroom, 2-bathroom home boasts a spacious open floor plan, perfect for both family living and entertaining. Enjoy modern upgrades, including, screened lanai, palm trees, and much more providing both style and functionality. The home also features a 2-car garage, offering ample storage space and convenience. Located in a desirable neighborhood, this home offers a perfect blend of comfort, style, and practicality. Schedule a tour today and see everything this home has to offer!

27. 2023-07-28
    soldstatus $347,770 Closed 430-char remark

    Show marketing remark (430 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available June/July.

28. 2023-06-26
    historical Contingent 430-char remark

    Show marketing remark (430 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available June/July.

29. 2023-06-21
    price $357,770 430-char remark

    Show marketing remark (430 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available June/July.

30. 2023-06-01
    price $367,770 430-char remark

    Show marketing remark (430 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available June/July.

31. 2023-05-19
    listed $366,770 Active 430-char remark

    Show marketing remark (430 chars)

    Beautiful and functional ranch design with spacious family room that expands to a casual dining area and an open island kitchen. 4 Bedrooms, 2 Bathrooms and a 2-Car Garage. Secondary bedrooms offer oversized closets for extra storage. Photos used for illustrative purposes and do not depict actual home. Located on St. John's Heritage Parkway, just minutes from 192, I-95, Shopping, Dining, and Entertainment. Available June/July.

32. 2023-05-18
    historical
33. 2023-05-15
    price $367,770
34. 2023-03-17
    listed $363,770 Active
35. 2023-03-08
    historical
36. 2023-03-07
    listed $345,605 Active

ⓘ 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: $6,258 · $521/mo
• Projected year-2 tax: $6,258 · $521/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 5/10 Major
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 18 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: $29,551
• − Mortgage interest: −$20,160
• − Property taxes: −$6,258
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,364
• − Management: −$2,364
• − HOA: −$504
• − Depreciation: −$10,470
• Taxable loss: −$14,368
• Est. tax savings @ 24.0%: +$3,448
• After-tax cash flow: $-4,416/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

+4.1% since first listed

21 events — show timeline

• 2026-04-04 Price Changed $359,900 SCMLS
• 2026-03-08 Price Changed $365,000 SCMLS
• 2026-02-03 Listed $370,000 SCMLS
• 2026-01-30 Coming Soon $370,000 SCMLS
• 2025-11-01 Listing Removed — SCMLS
• 2025-06-11 Relisted — SCMLS
• 2025-06-08 Listing Removed — SCMLS
• 2025-05-03 Price Changed $370,000 SCMLS
• 2025-01-26 Price Changed $360,000 SCMLS
• 2025-01-11 Listed $370,000 SCMLS
• 2025-01-11 Coming Soon $370,000 SCMLS
• 2023-07-28 Sold (MLS) $347,770 SCMLS
• 2023-06-26 Contingent — SCMLS
• 2023-06-21 Price Changed $357,770 SCMLS
• 2023-06-01 Price Changed $367,770 SCMLS
• 2023-05-19 Listed $366,770 SCMLS
• 2023-05-18 Listing Removed — SCMLS
• 2023-05-15 Price Changed $367,770 SCMLS
• 2023-03-17 Listed $363,770 SCMLS
• 2023-03-08 Listing Removed — SCMLS
• 2023-03-07 Listed $345,605 SCMLS

Property tax history

+96.8%/yr

Latest (2025): $6,258 · +3.2% YoY. Source: county tax records.