8926 Palm St · Boynton Beach, FL 33436

$109,000

2 bd · 1.0 ba · 552 sqft · Land public records · 470 Days on market

Built 1969 4,000 sqft lot $100/mo HOA · 5% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming, and well cared for 2bedroom and 1,5 BA, move-in ready fully furnshed mobile/mfg home in a 55+ community. DEEDED lot-no land lease! Low HOA ($1200 per year)incl. water w/ community treatment. Remodeled Eat-in kitchen with new appliances and plenty of storage. . Relax on the oversized covered patio/ carport. Stackable washer and Dryer in second bathroom. Shed in the back for your tools . Perfect for season or year round living. Clubhouse offers social activities, shuffleboard, arts & crafts, BBQ grill. No lease 1st 3 yrs. , No RVs, no trucks, no vehicles w/ advertising. Enjoy beaches ( less than 10 min drive)shopping, dining, close to hospital and airport. CASH ONLY

Key facts

• Close to hospital
• Close to airport
• Deeded lot

Tags

• DEEDED LOT
• REMODELED EAT-IN KITCHEN
• OVERSIZED COVERED PATIO
• SHED IN THE BACK
• CLOSE TO HOSPITAL
• CLOSE TO AIRPORT

Property features AI

Finance

• Other: Lot dimensions approximately 40 ft x 100 ft; Not waterfront
• Financial info: Pets allowed with possible restrictions and limits
• HOA & community: Association present; Monthly association fee of $100; Association fee includes water; Community amenities include a billiard room; Senior community

Exterior

• Parking: Attached carport; Carport with 2 covered spaces
• Security: No security features listed
• Utilities: Public water; Cable available; Water service included in utilities availability
• Home design: Mobile home; Single-story; Resale condition; Faces west; Entry level not specified
• Construction: Metal siding; Modular construction; Other roof type; Built as a single-story structure
• Exterior features: Covered patio; Patio

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom (2 total bathrooms)
• Heating & cooling: Central heating; Other heating; Ceiling fan cooling
• Interior features: Furnished; No other interior features listed
• Laundry & utility: No laundry/utility details listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $109k.

Deal economics

• At list price, monthly cash flow is $772 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 4.3% in Boynton 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 72/100 on livability (#351 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, cost of living B; Watch: amenities D+, crime D-, commute 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.
• Zoned schools: Citrus Cove Elementary School (math 47% / reading 57%, grade C-, #990 of 2,144 statewide, top 48%, 1,026 students, 59% FRL); Congress Community Middle School (math 21% / reading 28%, grade F, #522 of 571 statewide, top 93%, 988 students, 72% FRL); Boynton Beach Community High (math 13% / reading 25%, grade F, #565 of 667 statewide, top 85%, 1,547 students, 65% FRL).
• Zoned-school proficiency averages 32% at this address vs 50% district-wide (-18 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.6%/yr); 445 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 33% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 470 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 470 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Crime grade is D 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 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: 1.90% ✓
• Cap rate: 14.80%
• Cash-on-cash: 30.37%
• DSCR: 2.35
• GRM: 4.4

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: 21.4%
• Equity multiple: 1.84×
• Total profit: $25,557
• Equity at exit: $16,252

10-year hold

• IRR: 27.3%
• Equity multiple: 3.05×
• Total profit: $62,542
• Equity at exit: $9,424

Cash invested: $30,520 (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 33436

• Home prices YoY: -26.0%
• Rents YoY: -0.6%
• Active inventory: 445
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,071 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$147 /mo · $1,761/yr
• Insurance: −$45
• HOA: −$100
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $772

Break-even live

Break-even rent $1,093

Max offer price $109,000

Occupancy floor 58%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2407 Renaissance Way Boynton Beach, FL	1.0	1.0	744	$1,950	$2.62	7d	1	1.16mi
4 Renaissance Way #302 Boynton Beach, FL	1.0	1.0	747	$1,945	$2.60	10d	1	1.20mi

HOA detail

• Monthly dues: $100 · $1,200/yr
• Likely covers: water

Listing history 22 events

1. 2026-06-18
   days on market $109,000 Active 470 DOM
2. 2026-06-17
   days on market $109,000 Active 469 DOM
3. 2026-06-16
   days on market $109,000 Active 468 DOM
4. 2026-06-15
   days on market $109,000 Active 467 DOM
5. 2026-06-13
   days on market $109,000 Active 465 DOM
6. 2026-06-09
   days on market $109,000 Active 461 DOM
7. 2026-06-07
   days on market $109,000 Active 459 DOM
8. 2026-06-04
   days on market $109,000 Active 456 DOM
9. 2026-06-03
   days on market $109,000 Active 455 DOM
10. 2026-06-01
    days on market $109,000 Active 453 DOM
11. 2026-05-31
    days on market $109,000 Active 452 DOM
12. 2026-02-24
    price $109,000
13. 2026-01-23
    status Active
14. 2025-12-07
    status Pending
15. 2025-04-08
    price $110,000
16. 2025-02-12
    price $112,500
17. 2025-01-30
    price $115,000
18. 2025-01-18
    listed $128,000 Active
19. 2023-03-08
    soldstatus $100,000
20. 2019-03-12
    soldstatus $33,000
21. 1998-04-02
    soldstatus $25,000
22. 1995-01-20
    soldstatus $22,000

ⓘ 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: $1,761 · $147/mo
• Projected year-2 tax: $1,761 · $147/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 6 d/yr ≥106°F today · 23 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,853
• − Mortgage interest: −$6,106
• − Property taxes: −$1,761
• − Insurance: −$545
• − Repairs & maintenance: −$1,988
• − Management: −$1,988
• − HOA: −$1,200
• − Depreciation: −$3,171
• Taxable income: $8,093
• Est. tax owed @ 24.0%: −$1,942
• After-tax cash flow: $7,326/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 — Boynton Beach

• Score: 72/100
• State rank: #351
• US rank: #6098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 148,060
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 48,743
• Household income: $75,789
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 1813.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Black 24% Hispanic / Latino 19% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 12% Romanian 3% Scotch-Irish 2%
• Foreign-born: 27% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 14% French/Haitian/Cajun 13% 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: ▼ -109.59%
• Current HPI: 311.7742
• Rent YoY: ▼ -0.57%
• 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

+395.5% since first listed

11 events — show timeline

• 2026-02-24 Price Changed $109,000 Beaches MLS
• 2026-01-23 Relisted — Beaches MLS
• 2025-12-07 Pending — Beaches MLS
• 2025-04-08 Price Changed $110,000 Beaches MLS
• 2025-02-12 Price Changed $112,500 Beaches MLS
• 2025-01-30 Price Changed $115,000 Beaches MLS
• 2025-01-18 Listed $128,000 Beaches MLS
• 2023-03-08 Sold (Public Records) $100,000 Public Records
• 2019-03-12 Sold (Public Records) $33,000 Public Records
• 1998-04-02 Sold (Public Records) $25,000 Public Records
• 1995-01-20 Sold (Public Records) $22,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $1,761 · +2.8% YoY. Source: county tax records.