3521 Village Blvd #405 · West Palm Beach, FL 33409

$169,000

2 bd · 2.0 ba · 1,437 sqft · Condo public records · 150 Days on market

Built 1985 $855/mo HOA · 25% 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 +28.9/30.0
• 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

Large and bright condo. 2BR/2BA + extra large laundry room. All brand new appliances. Washer and dryer inside the unit. Golf and lake view unit. Great location, close to the beach, A/P, shopping and freeway. Community offers 4 pools, gym, basic cable and trails all around the area.

Key facts

• Brand new appliances
• Golf and lake view
• 4 pools

Tags

• EXTRA LARGE LAUNDRY ROOM
• BRAND NEW APPLIANCES
• GOLF AND LAKE VIEW
• 4 POOLS
• GYM
• TRAILS

Property features AI

Finance

• Financial info: Pets not allowed / pet restrictions apply
• HOA & community: Monthly association fee; Association fee covers management, amenities, common areas, cable TV, insurance, grounds and structure maintenance, parking, pool(s), recreation facilities, reserve fund, roof, sewer, trash and water; Association amenities include clubhouse, fitness center, pool and elevator(s)

Exterior

• Parking: Assigned parking; Guest parking; One assigned space
• Security: Smoke detector(s)
• Utilities: Electric water heater
• Home design: Condo/attached property; Located on 4th floor (entry level 4); 4-story building
• Construction: Block construction; Resale property
• Exterior features: Storm/security shutters; On golf course; Lakefront view; Has view; Association pool

Interior

• Kitchen: Electric range; Dishwasher; Microwave; Disposal; Refrigerator
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling; Ceiling fan(s)
• Interior features: Breakfast bar; Combined living and dining area; Tub with shower; Walk-in closet(s); Elevator access; Accessible elevator installed
• Laundry & utility: Washer; Dryer; Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $169k.

Deal economics

• At list price, monthly cash flow is $575 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $169k).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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); 193 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $3,426/mo this rent would consume 61% 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 $5k 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 150 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 11y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• 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 $148,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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: 2.03% ✓
• Cap rate: 10.37%
• Cash-on-cash: 14.58%
• DSCR: 1.65
• GRM: 4.1

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: $-167
• Equity at exit: $25,198

10-year hold

• IRR: 4.0%
• Equity multiple: 1.23×
• Total profit: $10,815
• Equity at exit: $14,612

Cash invested: $47,320 (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: 193
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $3,426 high
• Mortgage (P&I): −$886
• Tax from tax record: −$320 /mo · $3,841/yr
• Insurance: −$70
• HOA: −$855
• Vacancy / Maint / Mgmt: −$719
• Net cashflow: $575

Break-even live

Break-even rent $2,698

Max offer price $169,000

Occupancy floor 78%

Sensitivity live

Price	-10% $671	-5% $623	+0% $575	+5% $527	+10% $479
Rent	-10% $304	-5% $440	+0% $575	+5% $710	+10% $846
Rate	-1.0pp $660	-0.5pp $618	base $575	+0.5pp $531	+1.0pp $487

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 20 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	25d	1	0.54mi
2480 Presidential Way #902 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	6d	1	0.54mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	25d	1	0.57mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	3d	1	0.57mi
2400 Presidential Way #1906 West Palm Beach, FL	1.0	2.0	1294	$3,000	$2.32	25d	1	0.68mi
2425 Presidential Way West Palm Beach, FL	2.0	2.0	1294	$4,500	$3.48	25d	1	0.71mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	17d	1	0.78mi
3590 Village Blvd West Palm Beach, FL	1.0–3.0	1.0–2.0	1074	$2,785	$2.59	0d	30	0.80mi
195 River Grove Way West Palm Beach, FL	3.0	1.0–2.0	958	$3,192	$3.33	0d	18	0.91mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$2,528	$2.07	18d	60	0.93mi
1900 Consulate Pl #1005 West Palm Beach, FL	2.0	2.0	1557	$4,900	$3.15	16d	1	0.98mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	25d	1	0.99mi
1912 Stratford Way West Palm Beach, FL	2.0	2.5	1350	$3,000	$2.22	25d	1	1.00mi
1979 Brandywine Rd Unit 1979-108 West Palm Beach, FL	3.0	2.0	1395	$3,205	$2.30	25d	1	1.02mi
4567 Brook Dr West Palm Beach, FL	3.0	2.0	1528	$3,000	$1.96	25d	1	1.20mi
4385 Willow Brook Cir West Palm Beach, FL	3.0	2.0	1468	$3,200	$2.18	23d	1	1.31mi
5649 Mentmore Dr Riviera Beach, FL	3.0	2.5	1450	$2,900	$2.00	25d	1	1.39mi
1721 Lindley St Mangonia Park, FL	3.0	2.5	1760	$3,300	$1.88	9d	1	1.45mi
4543 Tara Cove Way West Palm Beach, FL	3.0	2.5	1807	$3,000	$1.66	0d	1	1.45mi
1211 Pine Sage Cir West Palm Beach, FL	3.0	2.0	1367	$3,200	$2.34	6d	1	1.47mi

HOA detail condo

• Monthly dues: $855 · $10,260/yr
• Likely covers: cablepoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 39 events

1. 2026-06-21
   days on market $169,000 Active 150 DOM
2. 2026-06-18
   days on market $169,000 Active 147 DOM
3. 2026-06-17
   days on market $169,000 Active 146 DOM
4. 2026-06-16
   days on market $169,000 Active 145 DOM
5. 2026-06-15
   days on market $169,000 Active 144 DOM
6. 2026-06-13
   days on market $169,000 Active 142 DOM
7. 2026-06-09
   days on market $169,000 Active 138 DOM
8. 2026-06-07
   days on market $169,000 Active 136 DOM
9. 2026-06-04
   days on market $169,000 Active 133 DOM
10. 2026-06-03
    days on market $169,000 Active 132 DOM
11. 2026-06-01
    days on market $169,000 Active 130 DOM
12. 2026-05-31
    days on market $169,000 Active 129 DOM
13. 2026-04-01
    price $169,000
14. 2026-02-24
    price $174,000
15. 2026-01-22
    listed $180,000 Active
16. 2025-05-07
    historical $1,800
17. 2025-04-25
    listed $1,800
18. 2025-04-24
    status Active
19. 2024-10-28
    price $210,000
20. 2024-09-25
    price $220,000
21. 2024-07-01
    price $229,000
22. 2024-06-18
    status Active
23. 2024-04-29
    historical Active Under Contract
24. 2024-04-16
    listed $235,400 Active
25. 2017-03-20
    soldstatus $125,000 Sold
26. 2017-03-10
    soldstatus $125,000
27. 2016-12-09
    status Pending
28. 2016-12-07
    listed $135,000 Active
29. 2016-11-04
    historical
30. 2016-09-15
    status Active
31. 2016-09-15
    historical
32. 2016-07-06
    listed $135,000 Active
33. 2016-05-03
    historical
34. 2016-01-11
    listed $135,000 Active
35. 2015-11-19
    soldstatus $103,000
36. 2015-11-16
    soldstatus $103,000 Closed
37. 2015-10-08
    historical Contingent
38. 2015-10-03
    listed $106,995 Active
39. 1985-02-01
    soldstatus $64,900

ⓘ 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: $3,841 · $320/mo
• Projected year-2 tax: $3,841 · $320/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: $41,114
• − Mortgage interest: −$9,467
• − Property taxes: −$3,841
• − Insurance: −$845
• − Repairs & maintenance: −$3,289
• − Management: −$3,289
• − HOA: −$10,260
• − Depreciation: −$4,916
• Taxable income: $5,206
• Est. tax owed @ 24.0%: −$1,250
• After-tax cash flow: $5,649/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

+160.4% since first listed

27 events — show timeline

• 2026-04-01 Price Changed $169,000 MARMLS
• 2026-02-24 Price Changed $174,000 MARMLS
• 2026-01-22 Listed $180,000 MARMLS
• 2025-05-07 Rental Removed $1,800 MARMLS
• 2025-04-25 Listed for Rent $1,800 MARMLS
• 2025-04-24 Relisted — MARMLS
• 2024-10-28 Price Changed $210,000 MARMLS
• 2024-09-25 Price Changed $220,000 MARMLS
• 2024-07-01 Price Changed $229,000 MARMLS
• 2024-06-18 Relisted — MARMLS
• 2024-04-29 Contingent — MARMLS
• 2024-04-16 Listed $235,400 MARMLS
• 2017-03-20 Sold (MLS) $125,000 MARMLS
• 2017-03-10 Sold (Public Records) $125,000 Public Records
• 2016-12-09 Pending — MARMLS
• 2016-12-07 Listed $135,000 MARMLS
• 2016-11-04 Listing Removed — Beaches MLS
• 2016-09-15 Relisted — Beaches MLS
• 2016-09-15 Listing Removed — Beaches MLS
• 2016-07-06 Listed $135,000 Beaches MLS
• 2016-05-03 Listing Removed — MARMLS
• 2016-01-11 Listed $135,000 MARMLS
• 2015-11-19 Sold (Public Records) $103,000 Public Records
• 2015-11-16 Sold (MLS) $103,000 Beaches MLS
• 2015-10-08 Contingent — Beaches MLS
• 2015-10-03 Listed $106,995 Beaches MLS
• 1985-02-01 Sold (Public Records) $64,900 Public Records

Property tax history

+11.0%/yr

Latest (2025): $3,841 · +3.1% YoY. Source: county tax records.