For SaleRisky Deal1 days on market
1938 Trapp Ave SE
1938 Trapp Ave SE, Palm Bay, FL 32909, Palm Bay, FL 32909
$324,000
Estimate®:$320,500
Listing Price
1938 Trapp Ave SE, Palm Bay, FL 32909
Loc: Palm Bay, FL
Days Listed
1
Estimate®
$321k
Market Rate
Lot Size
10,019 sqft
Rent Estimate
$1,967/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Columbia Elementary School
PK-6
1.4 mi away
3
Southwest Middle School
7-8
3.4 mi away
3
Bayside High School
9-12
2.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storystucco exteriorattached garageconcrete drivewayminimalist designsuburbanlarge grassy yardcontemporaryresidentialnew constructionsloped roofopen landscape
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.03%
Total ROI
46.4%
Cash Flow
$-593/mo
DSCR
0.65
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-593/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Palm Bay, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $324,000 | $238 |
| 2024-12-05 | Sold | $325,000 | $239 |
| 2024-11-04 | Pending sale | $315,000 | $231 |
| 2024-11-02 | Listed for sale | $315,000 | $231 |
| 2024-10-28 | Listing removed | $315,000 | $231 |
| 2024-10-21 | Price change | $325,000 | $239 |
| 2024-10-14 | Price change | $327,000 | $240 |
| 2024-10-07 | Price change | $329,000 | $242 |
| 2024-09-30 | Price change | $331,000 | $243 |
| 2024-09-23 | Price change | $333,000 | $244 |
| 2024-08-08 | Price change | $335,000 | $246 |
| 2024-03-24 | Listed for sale | $345,000 | $253 |
| 2024-02-09 | Listing removed | $0 | – |
| 2023-08-10 | Listed for sale | $299,000 | $220 |
| 2023-04-18 | Sold | $32,000 | $23 |
| 2023-02-18 | Contingent | $36,000 | $26 |
| 2022-06-18 | Listed for sale | $36,000 | $26 |
Similar Properties Nearby
Explore other investment opportunities in Palm Bay.