12022 W Greenway Dr #206 · Royal Palm Beach, FL
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.12%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +16.5/30.0
- ARV discount +12.8/15.0
- Appreciation +10.0/10.0
- 1% rule +7.5/10.0
- DSCR +5.3/10.0
- Schools +4.6/10.0
- Livability +4.0/5.0
- Condition / age +4.0/5.0
- Rent growth +2.7/5.0
$125,000
12022 W Greenway Dr #206 · Royal Palm Beach, FL 33411
2 bd · 2.0 ba · 1,088 sqft · Condo
public records
· 71 Days on market
55+ age-restricted
Built 1972
$115/sqft
· 12% below area
Est $142k · 12% under
$614/mo HOA · 32% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
2-bedroom, 2-bathroom corner unit with impact slider and kitchen window located in the heart of Royal Palm Beach, located in the Greenway Village HOPA Community! Situated on the 2nd floor, it is 1,088 sq. ft. and offers a perfect blend of space, comfort, and picturesque views. Enjoy your morning coffee or unwind in the evening on the screened-in patio, where you'll take in both east and west exposures. From the balcony, have views of the pool area. You will also have a view in the distance of the passing boats in the bordering canal. —a feature the current owner will truly miss. Inside, the spacious and open layout is designed offers plenty of natural light.
Key facts
- Impact slider
- Corner unit
- Kitchen window
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $125k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $109 ($1k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $125k).
- Recommended offer: $118k (6.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 79/100 on livability (#135 in FL, #2,039 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: cost of living C-, amenities F, 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: Cypress Trails Elementary School (math 52% / reading 62%, grade C+, #781 of 2,144 statewide, top 38%, 492 students, 53% FRL); Crestwood Community Middle (math 49% / reading 52%, grade C, #246 of 571 statewide, top 44%, 724 students, 50% FRL); Royal Palm Beach High School (math 22% / reading 38%, grade F, #441 of 667 statewide, top 67%, 2,343 students, 57% FRL) — zoned schools at 54% FRL track the district average.
- Market conditions: Rents flat; 788 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
Forward outlook
- In year one you build about $13k of equity ($864 loan paydown + $12k appreciation (10.0% local appreciation)).
- Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 0.8% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 71 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $82k; list at $125k implies a 52% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 32% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$117,500
(6.0% below list)
Questions for the listing agent
- It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- 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.
- 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.
- 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
- 1.54% ✓
- Cap rate
- 7.34%
- Cash-on-cash
- 3.74%
- DSCR
- 1.17
- GRM
- 5.4
CMA / ARV
- ARV (median comp)
- $141,824
- List price
- $125,000
- Delta
- -11.86%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 12024 W Greenway Dr #106 | 0.02mi | 2/2.0 | 1,088 (0%) | 1mo | $126,500 | $116 | 98 |
| 12013 Greenway Cir S #106 | 0.18mi | 2/2.0 | 1,048 (-4%) | 2mo | $136,000 | $130 | 84 |
| 1303 Lakeview E | 1.22mi | 2/2.0 | 1,125 (+3%) | 1mo | $217,000 | $193 | 59 |
| 405 Lakeview Dr E | 1.17mi | 2/2.0 | 1,165 (+7%) | 1mo | $180,000 | $155 | 52 |
| 2006 Lakeview Dr W | 1.08mi | 2/2.0 | 1,165 (+7%) | 1mo | $210,000 | $180 | 52 |
| 139 Sparrow Unit 4b | 0.82mi | 2/1.5 | 1,000 (-8%) | 2mo | $210,000 | $210 | 48 |
| 204 Palm Beach Trace Dr #204 | 1.44mi | 2/2.0 | 1,201 (+10%) | 2mo | $250,000 | $208 | 46 |
| 762 Gardenia Dr | 0.56mi | 3/2.0 (+1) | 1,289 (+18%) | 1mo | $470,000 | $365 | 43 |
| 180 Sarita Ct | 0.71mi | 2/2.0 | 1,298 (+19%) | 2mo | $185,000 | $143 | 41 |
| 749 Camellia Dr | 0.60mi | 3/1.0 (+1) | 933 (-14%) | 0mo | $350,000 | $375 | 39 |
| 1322 Denlow Ln | 1.08mi | 3/2.0 (+1) | 1,232 (+13%) | 1mo | $480,000 | $390 | 37 |
| 320 Elmira Ct | 0.79mi | 3/2.0 (+1) | 1,298 (+19%) | 0mo | $289,900 | $223 | 35 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 0.85% rent growth · sell at horizon
5-year hold
- IRR
- 25.8%
- Equity multiple
- 3.04×
- Total profit
- $71,302
- Equity at exit
- $112,610
10-year hold
- IRR
- 21.9%
- Equity multiple
- 6.65×
- Total profit
- $197,660
- Equity at exit
- $242,848
Cash invested: $35,000 (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.
Active competition Active MLS
- For sale now
- 0 active · 3 under contract
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33411
- Home prices YoY
- 1.9%
- Rents YoY
- 0.8%
- Active inventory
- 788
- Price-to-rent
- 5.4×
Monthly cashflow live
↻
- Estimated rent
- $1,930 high interval (Pro) →
- Mortgage (P&I)
- −$656
- Tax from tax record
- −$94 /mo · $1,125/yr
- Insurance
- −$52
- HOA
- −$614
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$405
- Net cashflow
- $109
Break-even live
Break-even rent
$1,792
Max offer price
$125,000
Occupancy floor
89%
Sensitivity live
| Price | -10% $180 | -5% $144 | +0% $109 | +5% $74 | +10% $38 |
|---|---|---|---|---|---|
| Rent | -10% $-43 | -5% $33 | +0% $109 | +5% $185 | +10% $261 |
| Rate | -1.0pp $172 | -0.5pp $141 | base $109 | +0.5pp $77 | +1.0pp $44 |
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
- $31,250
- Closing costs
- $3,750
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4 W Greenway Dr Unit 201 Royal Palm Beach, FL | 1.0 | 1.5 | 780 | $1,450 | $1.86 | 120d | 1 | 0.04mi |
| 12021 W Greenway Dr Royal Palm Beach, FL | 2.0 | 2.0 | 1088 | $1,750 | $1.61 | 76d | 1 | 0.05mi |
| 12002 Poinciana Blvd #204 Royal Palm Beach, FL | 2.0 | 2.0 | 1048 | $1,650 | $1.57 | 7d | 1 | 0.07mi |
| 12002 Poinciana Blvd #204 Royal Palm Beach, FL | 2.0 | 2.0 | 1048 | $1,650 | $1.57 | 38d | 1 | 0.07mi |
| 12002 Poinciana Blvd #204 Royal Palm Beach, FL | 2.0 | 2.0 | 1048 | $1,650 | $1.57 | 10d | 1 | 0.07mi |
| 12007 Poinciana Blvd #205 Royal Palm Beach, FL | 2.0 | 2.0 | 1088 | $1,590 | $1.46 | 110d | 1 | 0.14mi |
| 12012 Greenway Cir S #209 Royal Palm Beach, FL | 2.0 | 2.0 | 1088 | $1,700 | $1.56 | 83d | 1 | 0.14mi |
| 12009 Poinciana Blvd Royal Palm Beach, FL | 2.0 | 2.0 | 1088 | $1,499 | $1.38 | 45d | 1 | 0.16mi |
| 126 West Ct Royal Palm Beach, FL | 2.0 | 2.0 | 801 | $2,000 | $2.50 | 38d | 1 | 0.17mi |
| 126 West Ct Royal Palm Beach, FL | 2.0 | 2.0 | 801 | $2,000 | $2.50 | 54d | 1 | 0.17mi |
| 4 Greenway Vlg N #203 Royal Palm Beach, FL | 2.0 | 2.0 | 1080 | $1,995 | $1.85 | 67d | 1 | 0.23mi |
| 4 Greenway Vlg N #203 Royal Palm Beach, FL | 2.0 | 2.0 | 1080 | $2,000 | $1.85 | 120d | 1 | 0.23mi |
| 52 East Ct Unit 52 Royal Palm Beach, FL | 2.0 | 1.0 | 850 | $2,400 | $2.82 | 18d | 1 | 0.23mi |
| 2 Greenway Vlg N #108 Royal Palm Beach, FL | 2.0 | 2.0 | 1080 | $2,000 | $1.85 | 31d | 1 | 0.26mi |
| 2 Greenway Vlg N #210 Royal Palm Beach, FL | 2.0 | 2.0 | 1080 | $2,000 | $1.85 | 120d | 1 | 0.26mi |
| 7 Greenway Vlg N #107 Royal Palm Beach, FL | 1.0 | 1.5 | 780 | $1,650 | $2.12 | 75d | 1 | 0.26mi |
| 7 Greenway Vlg N Royal Palm Beach, FL | 1.0–2.0 | 1.5–2.0 | 930 | $1,700 | $1.83 | 112d | 2 | 0.26mi |
| 7 Greenway Vlg N #202 Royal Palm Beach, FL | 2.0 | 2.0 | 1080 | $1,900 | $1.76 | 10d | 1 | 0.26mi |
| 830 Royal Palm Beach Blvd Royal Palm Beach, FL | 3.0 | 2.0 | 1369 | $2,620 | $1.91 | 89d | 1 | 0.36mi |
| 830 Royal Palm Beach Blvd Royal Palm Beach, FL | 3.0 | 2.0 | 1369 | $2,686 | $1.96 | 94d | 1 | 0.36mi |
| 11823 Dahlia Dr Royal Palm Beach, FL | 3.0 | 2.0 | 1385 | $2,331 | $1.68 | 94d | 1 | 0.49mi |
| 11823 Dahlia Dr Royal Palm Beach, FL | 3.0 | 2.0 | 1385 | $2,210 | $1.60 | 88d | 1 | 0.49mi |
| 73 Macadamia Ct Royal Palm Beach, FL | 2.0 | 2.0 | 1112 | $2,000 | $1.80 | 106d | 1 | 0.54mi |
| 120 Sparrow Dr #205 Royal Palm Beach, FL | 2.0 | 2.0 | 1146 | $2,100 | $1.83 | 11d | 1 | 0.59mi |
| 120 Sparrow Dr Royal Palm Beach, FL | 2.0 | 2.0–2.5 | 793 | $2,200 | $2.77 | 117d | 2 | 0.59mi |
| 120 Sparrow Dr Royal Palm Beach, FL | 2.0 | 2.0 | 969 | $1,975 | $2.04 | 4d | 2 | 0.59mi |
| 201 Seminole Lakes Dr Royal Palm Beach, FL | 1.0 | 1.0 | 800 | $1,200 | $1.50 | 6d | 1 | 0.61mi |
| 423 Narrowleaf Ct Royal Palm Beach, FL | 2.0 | 2.0 | 1298 | $1,900 | $1.46 | 11d | 1 | 0.62mi |
| 173 Sarita Ct Royal Palm Beach, FL | 2.0 | 2.0 | 1112 | $2,200 | $1.98 | 0d | 1 | 0.64mi |
| 126 Sparrow Dr Unit 11B Royal Palm Beach, FL | 1.0 | 1.5 | 750 | $1,500 | $2.00 | 42d | 1 | 0.65mi |
| 100 Cocoplum Cir Royal Palm Beach, FL | 3.0 | 2.0 | 1472 | $3,300 | $2.24 | 74d | 1 | 0.65mi |
| 132 Sparrow Dr Unit B Royal Palm Beach, FL | 3.0 | 2.0 | 1449 | $3,000 | $2.07 | 45d | 1 | 0.71mi |
| 139 Sparrow Dr Royal Palm Beach, FL | 2.0 | 1.5 | 1000 | $2,144 | $2.14 | 76d | 2 | 0.76mi |
| 139 Sparrow Dr Royal Palm Beach, FL | 2.0 | 1.5 | 1000 | $1,950 | $1.95 | 29d | 2 | 0.76mi |
| 139 Sparrow Dr Royal Palm Beach, FL | 2.0 | 1.5 | 1000 | $2,020 | $2.02 | 86d | 2 | 0.76mi |
| 280 Crestwood Cir #204 Royal Palm Beach, FL | 2.0 | 2.0 | 1024 | $2,150 | $2.10 | 110d | 1 | 0.78mi |
| 260 Crestwood Cir #106 Royal Palm Beach, FL | 3.0 | 2.0 | 1279 | $2,300 | $1.80 | 71d | 1 | 0.78mi |
| 260 Crestwood Cir #102 Royal Palm Beach, FL | 3.0 | 2.0 | 1301 | $2,400 | $1.84 | 49d | 1 | 0.78mi |
| 139 Sparrow Dr Unit 3E Royal Palm Beach, FL | 2.0 | 1.5 | 1000 | $1,900 | $1.90 | 18d | 1 | 0.79mi |
| 139 Sparrow Dr Unit 3G Royal Palm Beach, FL | 2.0 | 1.5 | 1000 | $2,190 | $2.19 | 82d | 1 | 0.79mi |
Property features AI
Finance
- Other
- Pets not allowedProperty is part of a senior community
- HOA & community
- Monthly association feeAssociation amenities include clubhouse, pool, jogging path, shuffleboard court, community room, parking, sidewalks, street lights, on-site manager and managementAssociation fee covers cable TV, grounds maintenance, trash, water and common areas
Exterior
- Parking
- Assigned, guest and open parking availableOne open parking space (total parking listed as 1)
- Utilities
- Public waterPublic sewerCable availableWater and sewer available
- Home design
- CondominiumOne levelFaces westTwo-story building (building has 2 total stories)
- Construction
- CBS constructionAluminum and rolled/hot mop and tar/gravel roofBuilt area 1,088 (from public records)
- Exterior features
- Not waterfrontNo waterfront features listed
Interior
- Kitchen
- DishwasherElectric rangeMicrowaveRefrigerator
- Bedrooms
- Two bedrooms on the main level
- Flooring
- Laminate flooringWood flooring
- Bathrooms
- Two full bathrooms on the main level
- Heating & cooling
- Central electric heatingCentral air conditioningCeiling fans
- Interior features
- Closet cabinetryBlinds on windows
- Laundry & utility
- Unfurnished (no washer/dryer listed)
HOA detail $614/mo · $7,368/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-23days on market $125,000 Active 71 DOM
-
2026-09-22days on market $125,000 Active 70 DOM
-
2026-09-21days on market $125,000 Active 69 DOM
-
2026-09-20days on market $125,000 Active 68 DOM
-
2026-09-18days on market $125,000 Active 66 DOM
-
2026-09-17days on market $125,000 Active 65 DOM
-
2026-09-16days on market $125,000 Active 64 DOM
-
2026-09-15days on market $125,000 Active 63 DOM
-
2026-09-13days on market $125,000 Active 61 DOM
-
2026-09-12days on market $125,000 Active 60 DOM
-
2026-09-11days on market $125,000 Active 59 DOM
-
2026-09-05days on market $125,000 Active 53 DOM
-
2026-09-04statusdays on market $125,000 Active 52 DOM
-
2026-09-03days on market $125,000 Active Under Contract 51 DOM
-
2026-08-31days on market $125,000 Active Under Contract 48 DOM
-
2026-08-29days on market $125,000 Active Under Contract 46 DOM
-
2026-08-28status $125,000 Active Under Contract 45 DOM
-
2026-08-28days on market $125,000 Active 45 DOM
-
2026-08-27days on market $125,000 Active 44 DOM
-
2026-08-25days on market $125,000 Active 42 DOM
-
2026-08-24days on market $125,000 Active 41 DOM
-
2026-08-23days on market $125,000 Active 40 DOM
-
2026-08-22days on market $125,000 Active 39 DOM
-
2026-08-21days on market $125,000 Active 38 DOM
-
2026-08-20days on market $125,000 Active 37 DOM
-
2026-08-19days on market $125,000 Active 36 DOM
-
2026-08-18days on market $125,000 Active 35 DOM
-
2026-08-17days on market $125,000 Active 34 DOM
-
2026-08-16days on market $125,000 Active 33 DOM
-
2026-08-15days on market $125,000 Active 32 DOM
-
2026-08-14days on market $125,000 Active 31 DOM
-
2026-08-13days on market $125,000 Active 30 DOM
-
2026-08-12days on market $125,000 Active 29 DOM
-
2026-08-11days on market $125,000 Active 28 DOM
-
2026-08-10days on market $125,000 Active 27 DOM
-
2026-08-09days on market $125,000 Active 26 DOM
-
2026-08-08days on market $125,000 Active 25 DOM
-
2026-08-06days on market $125,000 Active 23 DOM
-
2026-08-05days on market $125,000 Active 22 DOM
-
2026-08-04days on market $125,000 Active 21 DOM
-
2026-08-03days on market $125,000 Active 20 DOM
-
2026-07-31days on market $125,000 Active 17 DOM
-
2026-07-30days on market $125,000 Active 15 DOM
-
2026-07-28days on market $125,000 Active 14 DOM
-
2026-07-26days on market $125,000 Active 12 DOM
-
2026-07-24days on market $125,000 Active 10 DOM
-
2026-07-24status $125,000 Active 9 DOM
-
2026-07-22status $125,000 Pending 9 DOM
-
2026-07-22days on market $125,000 Active 9 DOM
-
2026-07-21days on market $125,000 Active 8 DOM
ⓘ 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
- $1,125 · $94/mo
- Projected year-2 tax
- $1,125 · $94/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 9/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $23,154
- − Mortgage interest
- −$7,002
- − Property taxes
- −$1,125
- − Insurance
- −$625
- − Repairs & maintenance
- −$1,852
- − Management
- −$1,852
- − HOA
- −$7,368
- − Depreciation
- −$3,636
- Taxable loss
- −$306
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$74
- After-tax cash flow
- $1,382/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.
Condition & rehab AI · 9 photos
80/100
Cosmetic rehab
Est. rehab $5,440–$16,320 screening
This 2-bedroom, 2-bathroom corner unit in the Greenway Village HOPA Community is in good condition and ready for move-in. It offers a spacious and open layout with plenty of natural light and a perfect blend of space, comfort, and picturesque views. The property has a screened-in patio with east and west exposures and a view of the pool area and passing boats in the bordering canal. The property has a good condition score of 80 and a rehab level of cosmetic. The property has a few maintenance items to address, such as painting the exterior and cleaning the gutters. The property has a few value-add updates that would increase its resale and rental value, such as painting the exterior, upgrading the lighting fixtures, and upgrading the HVAC system.
Components & finishes AI
Roof asphalt shingle · good
Flooring hardwood
Counters granite
Appliances stainless steel
HVAC central · new lt5
Value-add opportunities
- Both Paint exterior — Fresh paint can improve curb appeal and add value to the property. ↑
- Both Clean gutters — Clean gutters can prevent water damage and improve the property's appearance. ↑
- Both Replace window treatments — Fresh window treatments can improve the property's curb appeal and add value. ↑
- Both Upgrade lighting fixtures — Upgraded lighting fixtures can improve the property's curb appeal and add value. ↑
- Both Replace flooring — Replacing worn-out flooring can improve the property's curb appeal and add value. ↑
- Both Upgrade kitchen appliances — Upgraded kitchen appliances can improve the property's curb appeal and add value. ↑
- Both Upgrade bathroom fixtures — Upgraded bathroom fixtures can improve the property's curb appeal and add value. ↑
- Both Upgrade HVAC system — Upgraded HVAC system can improve the property's comfort and add value. ↑
- Both Upgrade landscaping — Upgraded landscaping can improve the property's curb appeal and add value. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
F
Composite school gradezoned avg 46/100
Zoned Schools
Elementary
Cypress Trails Elementary School
C+
FL #781/2,144
Nat'l #8,534/41,679
Middle
Crestwood Community Middle
C
FL #246/571
Nat'l #3,367/14,009
High
Royal Palm Beach High School
F
FL #441/667
Nat'l #10,947/17,239
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
B
Composite livability gradescore 79/100
Livability — Royal Palm Beach
- Score
- 79/100
- State rank
- #135
- US rank
- #2039
Category grades
Amenities F
Commute F
Cost of living C-
Crime B+
Employment A+
Housing A+
Health & safety A+
User ratings A
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Royal Palm Beach, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 75,299
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 76,863
- Household income
- $92,591
- Rent vs Own
- Severe rent burden
- 16% of renters
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 0.70)
- Race & ethnicity
- White 44% Hispanic / Latino 24% Black 23% Two or more races 16% Asian 5%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 5% Cuban 4% Dominican 2%
- Common ancestry
- Hispanic 6% Romanian 2% Italian 1%
- Foreign-born
- 26% · Canada, Jamaica, China
- Languages at home
- 73% English-only · Spanish 17% French/Haitian/Cajun 4% 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
- ▲ 17.04%
- Current HPI
- 903.78
- Rent YoY
- ▲ 0.85%
- 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 |
|
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| Insurance | 2 | $17B |
|
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| Retail | 1 | $60B |
|
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| Technology Distribution | 1 | $58B |
|
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
|
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Price history
+423.0% since first listed35 events — show timeline
- 2026-07-13 Listed $125,000 Beaches MLS
- 2026-06-30 Listing Removed — Beaches MLS
- 2026-05-20 Price Changed $137,900 Beaches MLS
- 2026-01-02 Listed $144,000 Beaches MLS
- 2026-01-01 Listing Removed — Beaches MLS
- 2025-12-12 Price Changed $144,000 Beaches MLS
- 2025-07-13 Price Changed $149,000 Beaches MLS
- 2025-05-15 Price Changed $155,000 Beaches MLS
- 2025-02-27 Listed $167,000 Beaches MLS
- 2018-09-07 Sold (Public Records) $82,500 Public Records
- 2018-09-06 Sold (MLS) $82,500 Beaches MLS
- 2018-08-09 Pending — Beaches MLS
- 2018-07-07 Price Changed $88,900 Beaches MLS
- 2018-06-15 Listed $92,000 Beaches MLS
- 2017-07-31 Sold (Public Records) $85,000 Public Records
- 2017-07-21 Sold (MLS) $85,000 Beaches MLS
- 2017-07-06 Contingent — Beaches MLS
- 2017-06-19 Listed $89,900 Beaches MLS
- 2017-06-18 Listed $89,900 Beaches MLS
- 2017-06-18 Listing Removed — Beaches MLS
- 2017-06-04 Listing Removed — Beaches MLS
- 2016-12-03 Listed $89,900 Beaches MLS
- 2016-09-21 Sold (Public Records) $47,000 Public Records
- 2016-09-15 Sold (MLS) $47,000 Beaches MLS
- 2016-09-11 Pending — Beaches MLS
- 2016-08-31 Price Changed $50,000 Beaches MLS
- 2016-08-21 Price Changed $57,000 Beaches MLS
- 2016-08-21 Price Changed $58,000 Beaches MLS
- 2016-07-02 Price Changed $65,000 Beaches MLS
- 2016-06-22 Listed $70,000 Beaches MLS
- 2015-08-07 Sold (Public Records) $50,000 Public Records
- 2001-07-31 Sold (MLS) $42,000 Beaches MLS
- 2001-03-14 Listing Removed — Beaches MLS
- 2000-10-28 Listed $44,900 Beaches MLS
- 1973-01-01 Sold (Public Records) $23,900 Public Records
Property tax history
+12.1%/yrLatest (2025): $1,125 · +3.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…