Big Upside Flip in Palm Bay

Big Upside Flip in Palm Bay

4 bed 2 bath 1647 sq ft Built in 1976 Single Family
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59
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
5/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
3/10
Property Details

A true diamond in the rough, this 4-bedroom, 2-bath fixer-upper is located in the established Palm Bay community of 32907, offering an excellent entry price point for investors or buyers ready to renovate and add value.

Conveniently situated just 4 minutes to I-95, Malabar Road shopping, Health First Palm Bay Hospital, and everyday essentials including Publix and Walmart. Downtown Melbourne is reachable in about 10 minutes via Babcock Street, and Port Malabar Elementary is an easy 8-minute walk.

The home sits on a quarter-acre lot with mature trees providing shade and character, along with an oversized two-car garage ideal for storage, vehicles, or a workshop. Connected to city water with septic, this property requires extensive renovation, including a new roof and interior upgrades. Buyers will need to sign a hold harmless due to interior mold conditions, in three isolated areas of due to roof age, under 3 feet apiece left corner of 4th bedroom window adjacent to garage. 

With an estimated 24% ROI based on after-repair value, this property presents a strong value-add opportunity for savvy investors ready to transform an ugly duckling into a standout performer. 

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We recommend flip
Rental Income
$2,200 mo. / $26,400 yr.
Estimated Taxes
$3,488 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$17,072
Projected Income
8.44%
Estimated APY
$59,550
Projected Income
24.77%
Estimated ROI

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