2621 Village Blvd #102 · West Palm Beach, FL 33409

$209,000

2 bd · 2.0 ba · 1,442 sqft · Condo public records · 140 Days on market

Built 1987 $670/mo HOA · 19% 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 +28.6/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Unit ready for a first owner occupied!!!!, 1440 sq ft for living, 2bed 2bathVery relaxing garden and clubhouse views from your private patio! 2/2, laundry inside the unit, first floor condo in highly sought after Whitehall. Lots of amenities! Good price! Close to Tanger Outlets of Palm Beach, restaurants, markets, beach!, Place like your client will love to live!!, Call now!!!, easy to show, VACANT!!!

Key facts

• Garden views
• Private patio
• First floor condo

Tags

• GARDEN VIEWS
• PRIVATE PATIO
• FIRST FLOOR CONDO
• LOTS OF AMENITIES

Property features AI

Finance

• Financial info: Lease considered; Pets not allowed
• HOA & community: Monthly association fee of $670; Association covers amenities and trash; Community amenities include a fitness center and a pool; Association pool

Exterior

• Parking: One parking space
• Security: Security guard; Smoke detectors
• Home design: Attached property; 4-story building; Entry on level 2; Has a view
• Construction: Block construction; Year built: Unknown
• Exterior features: Balcony; Open balcony/patio

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Microwave; Refrigerator
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Bedroom on main level
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $209k.

Deal economics

• At list price, monthly cash flow is $687 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $209k).
• Recommended offer: $184k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 3.8% in West Palm Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.1%/yr); 189 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $3,611/mo this rent would consume 65% of the median local household income ($67k/yr) (locally 1333% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 14y ago; this cycle's ask is 11197% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $70k; list at $209k implies a 199% 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 5→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.73% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.08%
• DSCR: 1.63
• GRM: 4.8

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: -0.1%
• Equity multiple: 1.00×
• Total profit: $-206
• Equity at exit: $31,163

10-year hold

• IRR: 4.9%
• Equity multiple: 1.30×
• Total profit: $17,275
• Equity at exit: $18,071

Cash invested: $58,520 (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 33409

• Home prices YoY: -25.6%
• Rents YoY: -0.1%
• Active inventory: 189
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $3,611 high
• Mortgage (P&I): −$1,096
• Tax from tax record: −$313 /mo · $3,754/yr
• Insurance: −$87
• HOA: −$670
• Vacancy / Maint / Mgmt: −$758
• Net cashflow: $687

Break-even live

Break-even rent $2,742

Max offer price $209,000

Occupancy floor 76%

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2480 Presidential Way #1903 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	24d	1	0.30mi
2480 Presidential Way #902 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	5d	1	0.30mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	2d	1	0.34mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	24d	1	0.34mi
2425 Presidential Way West Palm Beach, FL	2.0	2.0	1294	$4,500	$3.48	24d	1	0.46mi
2400 Presidential Way #1906 West Palm Beach, FL	1.0	2.0	1294	$3,000	$2.32	24d	1	0.47mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	16d	1	0.55mi
1979 Brandywine Rd Unit 1979-108 West Palm Beach, FL	3.0	2.0	1395	$3,205	$2.30	24d	1	0.68mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	24d	1	0.73mi
1900 Consulate Pl #1005 West Palm Beach, FL	2.0	2.0	1557	$4,900	$3.15	15d	1	0.77mi
1912 Stratford Way West Palm Beach, FL	2.0	2.5	1350	$3,000	$2.22	24d	1	0.88mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$2,528	$2.07	17d	60	0.99mi
3590 Village Blvd West Palm Beach, FL	1.0–3.0	1.0–2.0	1074	$2,798	$2.60	2d	29	1.14mi
4567 Brook Dr West Palm Beach, FL	3.0	2.0	1528	$3,000	$1.96	24d	1	1.16mi
195 River Grove Way West Palm Beach, FL	2.0	1.0–2.0	828	$3,002	$3.63	2d	18	1.25mi
1211 Pine Sage Cir West Palm Beach, FL	3.0	2.0	1367	$3,200	$2.34	5d	1	1.25mi
4385 Willow Brook Cir West Palm Beach, FL	3.0	2.0	1468	$3,200	$2.18	22d	1	1.31mi

HOA detail condo

• Monthly dues: $670 · $8,040/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 41 events

1. 2026-06-18
   days on market $209,000 Active 140 DOM
2. 2026-06-17
   days on market $209,000 Active 139 DOM
3. 2026-06-16
   days on market $209,000 Active 138 DOM
4. 2026-06-15
   days on market $209,000 Active 137 DOM
5. 2026-06-13
   days on market $209,000 Active 135 DOM
6. 2026-06-09
   days on market $209,000 Active 131 DOM
7. 2026-06-07
   days on market $209,000 Active 129 DOM
8. 2026-06-04
   days on market $209,000 Active 126 DOM
9. 2026-06-03
   days on market $209,000 Active 125 DOM
10. 2026-06-01
    days on market $209,000 Active 123 DOM
11. 2026-05-31
    days on market $209,000 Active 122 DOM
12. 2026-05-25
    listed $1,850
13. 2026-02-13
    price $209,000
14. 2026-01-29
    listed $219,000 Active
15. 2025-09-25
    historical
16. 2025-04-02
    listed $219,600 Active
17. 2025-03-24
    historical
18. 2025-02-26
    price $219,600
19. 2025-02-26
    listed $229,600 Active
20. 2025-01-15
    historical
21. 2024-12-31
    status Active
22. 2024-11-13
    status Active
23. 2024-11-13
    listed $224,100 Active
24. 2024-11-13
    historical
25. 2024-10-17
    listed $225,000 Active
26. 2024-10-11
    historical
27. 2024-06-24
    price $230,000
28. 2024-05-13
    price $235,000
29. 2024-04-03
    price $240,000
30. 2024-03-15
    listed $245,000 Active
31. 2024-03-11
    historical
32. 2023-10-17
    listed $245,000 Active
33. 2023-10-06
    historical
34. 2023-07-13
    price $240,000
35. 2023-04-10
    listed $245,000 Active
36. 2012-10-01
    soldstatus $70,000
37. 2012-09-19
    soldstatus $70,000
38. 2012-07-07
    historical
39. 2012-03-22
    listed $79,900
40. 1998-02-27
    soldstatus $70,000
41. 1998-02-27
    soldstatus $70,000

ⓘ 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: $3,754 · $313/mo
• Projected year-2 tax: $3,754 · $313/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 9/10 Extreme 5 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,333
• − Mortgage interest: −$11,707
• − Property taxes: −$3,754
• − Insurance: −$1,045
• − Repairs & maintenance: −$3,467
• − Management: −$3,467
• − HOA: −$8,040
• − Depreciation: −$6,080
• Taxable income: $5,774
• Est. tax owed @ 24.0%: −$1,386
• After-tax cash flow: $6,856/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: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

Amenities A- Commute A+ Cost of living B- Crime F Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,489
• Household income: $67,073
• Rent vs Own: 55.3% rent · 44.7% own
• Severe rent burden: 1333.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 36% Black 31% White 27% Two or more races 21% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 8% Dominican 1%
• Common ancestry: Hispanic 8% Romanian 1% Lithuanian 1%
• Foreign-born: 34% · Canada, Jamaica
• Languages at home: 55% English-only · Spanish 30% French/Haitian/Cajun 10% Other Indo-European 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -128.54%
• Current HPI: 374.2506
• Rent YoY: ▼ -0.15%
• Metro: Miami-Fort Lauderdale-Pompano Beach, 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

-97.4% since first listed

30 events — show timeline

• 2026-05-25 Listed for Rent $1,850 MARMLS
• 2026-02-13 Price Changed $209,000 MARMLS
• 2026-01-29 Listed $219,000 MARMLS
• 2025-09-25 Listing Removed — MARMLS
• 2025-04-02 Listed $219,600 MARMLS
• 2025-03-24 Listing Removed — MARMLS
• 2025-02-26 Price Changed $219,600 MARMLS
• 2025-02-26 Listed $229,600 MARMLS
• 2025-01-15 Listing Removed — MARMLS
• 2024-12-31 Relisted — MARMLS
• 2024-11-13 Relisted — MARMLS
• 2024-11-13 Listing Removed — MARMLS
• 2024-11-13 Listed $224,100 MARMLS
• 2024-10-17 Listed $225,000 MARMLS
• 2024-10-11 Listing Removed — MARMLS
• 2024-06-24 Price Changed $230,000 MARMLS
• 2024-05-13 Price Changed $235,000 MARMLS
• 2024-04-03 Price Changed $240,000 MARMLS
• 2024-03-15 Listed $245,000 MARMLS
• 2024-03-11 Listing Removed — MARMLS
• 2023-10-17 Listed $245,000 MARMLS
• 2023-10-06 Listing Removed — MARMLS
• 2023-07-13 Price Changed $240,000 MARMLS
• 2023-04-10 Listed $245,000 MARMLS
• 2012-10-01 Sold (Public Records) $70,000 Public Records
• 2012-09-19 Sold (MLS) $70,000 Beaches MLS
• 2012-07-07 Listing Removed — Beaches MLS
• 2012-03-22 Listed $79,900 Beaches MLS
• 1998-02-27 Sold (Public Records) $70,000 Public Records
• 1998-02-27 Sold (Public Records) $70,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $3,754 · +3.0% YoY. Source: county tax records.