3120 San Filippo Dr SE · Palm Bay, FL 32909

$419,500

4 bd · 3.0 ba · 2,147 sqft · Land · 55 Days on market

Built 2025 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
• ARV discount +7.5/15.0
• Cash flow +4.9/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +0.7/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

Key facts

• Expansive island
• Open floor plan
• Quartz countertops

Tags

• OPEN FLOOR PLAN
• CHEF INSPIRED KITCHEN
• QUARTZ COUNTERTOPS
• SOFT CLOSE CABINETS
• EXPANSIVE ISLAND
• TWO PRIMARY SUITES

Property features AI

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Security: Smoke detector(s)
• Utilities: Septic tank; Cable available; Electricity connected
• Home design: Single family residence; One story; Faces south; New construction
• Construction: Block and stucco construction; Shingle roof
• Exterior features: Covered rear porch; Storm shutters; Smoke detectors

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Water softener (owned)
• Bedrooms: 4 bedrooms (main level)
• Flooring: Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Kitchen island; Pantry; Primary bathroom with shower (no tub); Split bedroom layout; Walk-in closets
• Laundry & utility: In-unit laundry with washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $420k.

Deal economics

• At list price, monthly cash flow is $-1k ($-12k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (34.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (42.9% below list).
• Recommended offer: $240k (42.9% 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; 21 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).
• This rent runs 36% 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 $45k of equity ($3k loan paydown + $42k 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 ~$72k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($407k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y 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 $55k; list at $420k implies a 664% 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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,633 (42.9% 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 43% 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: 0.57% ✗
• Cap rate: 3.42%
• Cash-on-cash: -10.28%
• DSCR: 0.54
• GRM: 14.6

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: 17.2%
• Equity multiple: 2.41×
• Total profit: $166,062
• Equity at exit: $377,919

10-year hold

• IRR: 16.4%
• Equity multiple: 5.62×
• Total profit: $542,875
• Equity at exit: $814,996

Cash invested: $117,460 (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: 14.6×

Monthly cashflow live

• Estimated rent: $2,396 high
• Mortgage (P&I): −$2,200
• Tax est. 1.5%: −$524 /mo · $6,292/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $-1,006

Break-even live

Break-even rent $3,670

Max offer price $273,935

Occupancy floor —

Sensitivity live

Price	-10% $-716	-5% $-861	+0% $-1,006	+5% $-1,151	+10% $-1,296
Rent	-10% $-1,195	-5% $-1,101	+0% $-1,006	+5% $-911	+10% $-817
Rate	-1.0pp $-795	-0.5pp $-899	base $-1,006	+0.5pp $-1,115	+1.0pp $-1,225

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: $104,875
• Closing costs: $12,585
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
160 Dailey St SE Palm Bay, FL	4.0	2.0	1795	$2,275	$1.27	25d	1	0.47mi
2785 Gabboys Ave SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.48mi
238 Silver Frost St SE Palm Bay, FL	3.0	2.0	1475	$1,849	$1.25	25d	1	0.56mi
286 Silver Frost St SE Palm Bay, FL	4.0	2.0	1833	$1,925	$1.05	16d	1	0.58mi
486 Dadeville St SE Palm Bay, FL	4.0	2.0	1833	$1,995	$1.09	16d	1	0.61mi
291 Foley St SE Palm Bay, FL	4.0	2.0	1833	$2,025	$1.10	15d	1	0.64mi
2650 De Groodt Rd SW Palm Bay, FL	4.0	2.0	1874	$2,350	$1.25	16d	1	0.66mi
3270 Framingham Ave SW Palm Bay, FL	4.0	2.0	1856	$2,400	$1.29	25d	1	0.71mi
496 Vanguard St SE Palm Bay, FL	3.0	2.0	1666	$2,150	$1.29	25d	1	0.73mi
3247 Halblum Ave SE Palm Bay, FL	4.0	3.0	1820	$2,516	$1.38	15d	1	0.78mi
448 Saint Andre Blvd SW Palm Bay, FL	4.0	2.0	2088	$4,000	$1.92	25d	1	0.79mi
543 Reading St SE Palm Bay, FL	4.0	2.0	1833	$2,010	$1.10	23d	1	0.83mi
555 Gagnon St SE Palm Bay, FL	4.0	3.0	2373	$2,400	$1.01	25d	1	0.88mi
590 Trymore Dr SE Palm Bay, FL	4.0	2.0	1873	$2,250	$1.20	16d	1	1.10mi
1224 Dillard Dr SE Palm Bay, FL	3.0	2.0	1770	$2,336	$1.32	16d	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	1.19mi
2437 Hagoplan Ave SW Palm Bay, FL	3.0	2.0	1840	$2,150	$1.17	25d	1	1.20mi
402 Breckenridge Cir SE Palm Bay, FL	3.0	2.0	1960	$2,200	$1.12	25d	1	1.32mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	25d	1	1.36mi
830 Painesville St SE Palm Bay, FL	3.0	2.0	2029	$2,220	$1.09	16d	1	1.46mi

Listing history 41 events

1. 2026-06-22
   days on market $419,500 Active 55 DOM
2. 2026-06-18
   days on market $419,500 Active 52 DOM
3. 2026-06-17
   days on market $419,500 Active 51 DOM
4. 2026-06-16
   days on market $419,500 Active 50 DOM
5. 2026-06-15
   days on market $419,500 Active 49 DOM
6. 2026-06-14
   days on market $419,500 Active 47 DOM
7. 2026-06-10
   days on market $419,500 Active 44 DOM
8. 2026-06-08
   days on market $419,500 Active 42 DOM
9. 2026-06-07
   days on market $419,500 Active 41 DOM
10. 2026-06-05
    days on market $419,500 Active 38 DOM
11. 2026-06-03
    days on market $419,500 Active 37 DOM
12. 2026-06-02
    days on market $419,500 Active 36 DOM
13. 2026-06-01
    days on market $419,500 Active 35 DOM
14. 2026-05-31
    days on market $419,500 Active 34 DOM
15. 2026-05-31
    days on market $419,500 Active 33 DOM
16. 2026-05-16
    price $429,000
17. 2026-04-28
    listed $429,500 Active
18. 2025-12-01
    historical 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

19. 2025-10-29
    price $399,900 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

20. 2025-10-01
    listed $405,000 Active 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

21. 2025-08-25
    historical 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

22. 2025-08-08
    price $410,000 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

23. 2025-07-26
    status Active 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

24. 2025-07-24
    historical 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

25. 2025-07-09
    price $419,900 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

26. 2025-05-09
    price $424,900 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

27. 2025-05-05
    price $434,900 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

28. 2025-04-24
    listed $435,000 Active 1018-char remark

    Show marketing remark (1018 chars)

    Experience the pinnacle of quality craftsmanship and innovation as you step into a world of luxury and functionality with this four-bedroom, three-full-bath residence, thoughtfully designed with a multigenerational concept in mind. With the Zak3 floor plan enjoy the convenience of an owner suite on one side and a spacious en suite on the other , offering unparalleled privacy and comfort. This home boast energy-efficient windows throughout, flooding each room with natural light and warmth. Designed for both style & durability, the home features porcelain plank tile throughout the home. The bathrooms continue the luxurious feel will seamless showers & floor to ceiling tile. Chef's dream kitchen with 42-inch cabinetry, high end quartz countertops and an impressive 8-foot island. Standard kitchen islands range from 4-6 ft. Upon entrance you will see soaring 11.5 ft cathedral ceilings. All 4 bedrooms are oversized. Tray ceilings, premium baseboards & elegant crown molding & much more.

29. 2025-04-23
    historical
30. 2025-02-11
    listed $449,999 Active
31. 2025-01-30
    historical
32. 2024-11-17
    price $449,999
33. 2024-11-01
    listed $450,000 Active
34. 2024-08-20
    historical
35. 2024-08-10
    price $424,900
36. 2024-06-11
    price $429,900
37. 2024-03-03
    price $439,900
38. 2024-02-14
    listed $460,000 Active
39. 2005-09-13
    soldstatus $54,900
40. 2005-08-30
    soldstatus $54,900
41. 2005-05-27
    listed $54,900

ⓘ 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 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $28,756
• − Mortgage interest: −$23,499
• − Property taxes: −$6,292
• − Insurance: −$2,098
• − Repairs & maintenance: −$2,300
• − Management: −$2,300
• − Depreciation: −$12,204
• Taxable loss: −$19,937
• Est. tax savings @ 24.0%: +$4,785
• After-tax cash flow: $-7,287/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

+681.4% since first listed

26 events — show timeline

• 2026-05-16 Price Changed $429,000 SCMLS
• 2026-04-28 Listed $429,500 SCMLS
• 2025-12-01 Listing Removed — SCMLS
• 2025-10-29 Price Changed $399,900 SCMLS
• 2025-10-01 Listed $405,000 SCMLS
• 2025-08-25 Listing Removed — SCMLS
• 2025-08-08 Price Changed $410,000 SCMLS
• 2025-07-26 Relisted — SCMLS
• 2025-07-24 Listing Removed — SCMLS
• 2025-07-09 Price Changed $419,900 SCMLS
• 2025-05-09 Price Changed $424,900 SCMLS
• 2025-05-05 Price Changed $434,900 SCMLS
• 2025-04-24 Listed $435,000 SCMLS
• 2025-04-23 Listing Removed — SCMLS
• 2025-02-11 Listed $449,999 SCMLS
• 2025-01-30 Listing Removed — SCMLS
• 2024-11-17 Price Changed $449,999 SCMLS
• 2024-11-01 Listed $450,000 SCMLS
• 2024-08-20 Listing Removed — SCMLS
• 2024-08-10 Price Changed $424,900 SCMLS
• 2024-06-11 Price Changed $429,900 SCMLS
• 2024-03-03 Price Changed $439,900 SCMLS
• 2024-02-14 Listed $460,000 SCMLS
• 2005-09-13 Sold (Public Records) $54,900 Public Records
• 2005-08-30 Sold (MLS) $54,900 SCMLS
• 2005-05-27 Listed $54,900 SCMLS

Property tax history

+17.6%/yr

Latest (2025): $583 · +8.8% YoY. Source: county tax records.