2236 Ridgewood Cir · Royal Palm Beach, FL 33411

$719,990

5 bd · 3.0 ba · 3,496 sqft · SingleFamily public records · 108 Days on market

Built 2003 $245/mo HOA · 5% of rent

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.5/30.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.8/10.0

Listing remarks

This well distributed 5 bedroom/ 3 full bath single family home on the reputable link Golf Course, should be in you must see list of homes. A custom-mad water pond in the front entry will greet you at this charming residence. It has a laminated wood spiral staircase upon entering that leads up to 20-foot-hig ceiling in the foyer. There is elaborated crown molding throughout the entire house. Enjoy the private balcony and patio that overlook the luscious grounds of the gold course and preserve. Its low HOA is paid quarterly and includes cable. The club house includes swimming, a whirlpool, tennis and basketball courts, an exercise room and rental room to hold parties. The arm gate the entran

Key facts

• 3 garage spots
• Community pool
• Built 2003

Property features AI

Finance

• Financial info: Pets allowed (pet restrictions possible)
• HOA & community: HOA with monthly fee; Community amenities include: clubhouse, fitness center, pool, spa/hot tub, tennis courts, basketball court, putting green, golf course, jogging path, playground, park, cabana, game room, cafe/restaurant, bar, community room, street lights, gated with security

Exterior

• Parking: Attached garage with 3 garage spaces; Covered parking for 3 vehicles; Driveway; On-street parking; Garage door opener; Decorative parking features
• Security: Fire alarm; Smoke detectors; Gated community (no guard)
• Utilities: Public water; Public sewer; 200+ amp electrical service with 220V in kitchen and laundry; Cable available
• Home design: Single family residence; Multi/split / two-level home; Resale condition; Faces northeast
• Construction: Built with CBS construction materials; Spanish tile roof; 2 stories
• Exterior features: Open patio; Patio

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Disposal; Owned water purifier
• Bedrooms: One bedroom on the main level
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: Three full bathrooms (one on the main level)
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Cathedral ceilings; Entrance foyer; High ceilings; Kitchen island; Walk-in closets; Closet cabinetry; Roman tub; Decorative electric fireplace with heatilator
• Laundry & utility: Laundry closet with laundry tub located inside; Electric water heater

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $720k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $507k (29.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $463k (35.7% below list).
• Recommended offer: $463k (35.7% below list) — sets the bar for 1% rule.

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: Royal Palm Beach Elementary School (math 58% / reading 62%, grade B-, #680 of 2,144 statewide, top 32%, 662 students, 40% 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 49% FRL track the district average.
• Market conditions: Rents flat; 574 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $4,629/mo this rent would consume 60% of the median local household income ($93k/yr) (locally 1870% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $77k of equity ($5k loan paydown + $72k 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.
• By year 2, paydown + projected appreciation supports a ~$124k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($655k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y 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.

Risks & watch-outs

• 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 $462,885 (35.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
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. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.64% ✗
• Cap rate: 4.29%
• Cash-on-cash: -7.17%
• DSCR: 0.68
• GRM: 13.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 2.52×
• Total profit: $305,605
• Equity at exit: $648,624

10-year hold

• IRR: 17.0%
• Equity multiple: 5.67×
• Total profit: $942,089
• Equity at exit: $1,398,782

Cash invested: $201,597 (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 33411

• Home prices YoY: 1.9%
• Rents YoY: 0.8%
• Active inventory: 574
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $4,629 medium
• Mortgage (P&I): −$3,776
• Tax from tax record: −$541 /mo · $6,487/yr
• Insurance: −$300
• HOA: −$245
• Vacancy / Maint / Mgmt: −$972
• Net cashflow: $-1,205

Break-even live

Break-even rent $6,154

Max offer price $507,207

Occupancy floor —

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: $179,998
• Closing costs: $21,600
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1724 Annandale Cir Royal Palm Beach, FL	6.0	4.0	3974	$6,490	$1.63	24d	1	0.32mi
2064 Reston Cir Royal Palm Beach, FL	4.0	2.5	2857	$3,990	$1.40	24d	1	0.41mi
2064 Reston Cir Royal Palm Beach, FL	4.0	2.5	2857	$3,990	$1.40	5d	1	0.41mi
2418 Westmont Dr Royal Palm Beach, FL	4.0	3.0	2361	$4,950	$2.10	4d	1	0.48mi

HOA detail

• Monthly dues: $245 · $2,940/yr
• Likely covers: watercablelandscapingpool

Listing history 28 events

1. 2026-06-18
   days on market $719,990 Active 108 DOM
2. 2026-06-17
   days on market $719,990 Active 107 DOM
3. 2026-06-16
   days on market $719,990 Active 106 DOM
4. 2026-06-15
   days on market $719,990 Active 105 DOM
5. 2026-06-13
   days on market $719,990 Active 103 DOM
6. 2026-06-09
   days on market $719,990 Active 99 DOM
7. 2026-06-08
   days on market $719,990 Active 98 DOM
8. 2026-06-07
   days on market $719,990 Active 97 DOM
9. 2026-06-04
   days on market $719,990 Active 94 DOM
10. 2026-06-03
    days on market $719,990 Active 93 DOM
11. 2026-06-02
    days on market $719,990 Active 92 DOM
12. 2026-06-01
    days on market $719,990 Active 91 DOM
13. 2026-05-31
    days on market $719,990 Active 90 DOM
14. 2026-04-25
    price $719,990
15. 2026-04-09
    status Active
16. 2026-04-02
    status Pending
17. 2026-04-01
    historical Active Under Contract
18. 2026-02-23
    listed $720,000 Active
19. 2014-05-31
    historical
20. 2013-11-22
    listed $420,000 Active
21. 2011-01-30
    historical
22. 2010-01-26
    listed $384,500
23. 2010-01-19
    historical
24. 2008-09-02
    historical
25. 2008-09-02
    listed $359,000
26. 2008-08-24
    listed $425,000
27. 2008-08-23
    historical
28. 2008-05-04
    listed $429,000

ⓘ 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: $6,487 · $541/mo
• Projected year-2 tax: $6,487 · $541/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 3/10 Moderate
• 🌡 Heat 10/10 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

Taxation est. · year 1

• Rental income: $55,546
• − Mortgage interest: −$40,331
• − Property taxes: −$6,487
• − Insurance: −$3,600
• − Repairs & maintenance: −$4,444
• − Management: −$4,444
• − HOA: −$2,940
• − Depreciation: −$20,945
• Taxable loss: −$27,644
• Est. tax savings @ 24.0%: +$6,635
• After-tax cash flow: $-7,820/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 — 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 · 1,438,312 people
• City population: 75,299
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 76,863
• Household income: $92,591
• Rent vs Own: 20.5% rent · 79.5% own
• Severe rent burden: 1870.0

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 0.70)
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+67.8% since first listed

15 events — show timeline

• 2026-04-25 Price Changed $719,990 Beaches MLS
• 2026-04-09 Relisted — Beaches MLS
• 2026-04-02 Pending — Beaches MLS
• 2026-04-01 Contingent — Beaches MLS
• 2026-02-23 Listed $720,000 Beaches MLS
• 2014-05-31 Listing Removed — Beaches MLS
• 2013-11-22 Listed $420,000 Beaches MLS
• 2011-01-30 Listing Removed — Beaches MLS
• 2010-01-26 Listed $384,500 Beaches MLS
• 2010-01-19 Listing Removed — Beaches MLS
• 2008-09-02 Listed $359,000 Beaches MLS
• 2008-09-02 Listing Removed — Beaches MLS
• 2008-08-24 Listed $425,000 Beaches MLS
• 2008-08-23 Listing Removed — Beaches MLS
• 2008-05-04 Listed $429,000 Beaches MLS

Property tax history

+0.7%/yr

Latest (2025): $6,487 · +3.1% YoY. Source: county tax records.