3100 Springdale Blvd #308 · Palm Springs, FL 33461

$105,000

1 bd · 1.0 ba · 660 sqft · Condo public records · 51 Days on market

Built 1980 $487/mo HOA · 29% of rent

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Why this score? — see what drove the C+ 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 +23.5/30.0
• 1% rule +10.0/10.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

Key facts

• Upgraded bathroom
• Pickleball courts
• Resort style pool

Tags

• SCREENED BALCONY
• RESORT STYLE POOL
• TENNIS COURTS
• PICKLEBALL COURTS
• UPGRADED BATHROOM
• TWO WALK IN CLOSETS

Property features AI

Finance

• Other: Community has approximately 300 units; Pets not allowed
• HOA & community: Regal Palms Condominium association; Monthly HOA fee (reported): $487; HOA covers insurance, grounds maintenance, pest control, trash, common areas, elevator, and pool service; Community amenities include clubhouse, elevators, fitness center, game room, jogging path, laundry, picnic area, pool, shuffleboard, storage, tennis courts, community room, library, pickleball courts, and putting green

Exterior

• Parking: Assigned parking (1 open space, total 1)
• Utilities: Public water; Public sewer; Cable available; Water and sewer available
• Home design: Condominium; Multi/split levels; Resale; Faces south; Senior community
• Construction: Concrete/CBS construction; Composition and rolled/hot mop roof; 3-story building; Building name: 3100
• Exterior features: Zero lot line; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 3 bedrooms (main level)
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Walk-in closet(s); Blinds and shutters
• Laundry & utility: Common area laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#297 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment D+, 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: Clifford O Taylor/Kirklane Elementary (math 26% / reading 34%, grade F, #1,882 of 2,144 statewide, top 88%, 1,230 students, 80% FRL); John I. Leonard High School (math 17% / reading 35%, grade F, #494 of 667 statewide, top 75%, 3,549 students, 67% FRL) — zoned schools average 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 50% district-wide (-22 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 (-2.5%/yr); 274 active listings in the ZIP; 21 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).
• This rent runs 33% of the median local income ($62k/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 $726 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.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y 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

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 1.60% ✓
• Cap rate: 8.54%
• Cash-on-cash: 8.02%
• DSCR: 1.36
• GRM: 5.2

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: -8.9%
• Equity multiple: 0.69×
• Total profit: $-9,153
• Equity at exit: $15,656

10-year hold

• IRR: -6.5%
• Equity multiple: 0.67×
• Total profit: $-9,803
• Equity at exit: $9,078

Cash invested: $29,400 (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 33461

• Rents YoY: -2.5%
• Active inventory: 274
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,685 high
• Mortgage (P&I): −$551
• Tax from tax record: −$53 /mo · $635/yr
• Insurance: −$44
• HOA: −$487
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $197

Break-even live

Break-even rent $1,436

Max offer price $105,000

Occupancy floor 83%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
555 Kirk Rd Palm Springs, FL	1.0	1.0	670	$2,352	$3.51	14d	1	0.18mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	625	$2,268	$3.63	7d	1	0.18mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,450	$2.64	24d	1	0.29mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,375	$2.50	22d	1	0.29mi
555 Purdy Ln Palm Springs, FL	1.0	1.0	650	$1,375	$2.12	5d	1	0.31mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.0–1.5	739	$1,400	$1.89	24d	2	0.32mi
600 Village Green Ct #203 Palm Springs, FL	1.0	1.0	650	$1,300	$2.00	3d	1	0.36mi
300 Bonnie Blvd #144 Palm Springs, FL	1.0	1.0	702	$1,350	$1.92	24d	1	0.40mi
200 Bonnie Blvd #132 Palm Springs, FL	1.0	1.0	577	$1,500	$2.60	22d	1	0.45mi
240 Alemeda Dr Palm Springs, FL	1.0–2.0	1.0–2.0	825	$1,650	$2.00	24d	3	0.49mi
246 Cypress Ln Lake Worth Beach, FL	1.0–2.0	1.0	850	$1,550	$1.82	24d	2	0.49mi
4403 Anna Ln Unit B Palm Springs, FL	1.0	1.0	740	$1,600	$2.16	7d	1	0.58mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$2,055	$2.13	1d	14	0.81mi
2550 Lakehaven Rd West Palm Beach, FL	1.0	1.0	400	$1,500	$3.75	24d	1	1.06mi
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	24d	1	1.22mi
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	7d	1	1.22mi
2966 Ashley Dr E Unit C West Palm Beach, FL	1.0	1.0	611	$1,375	$2.25	24d	1	1.31mi
3874 7th Ave N Unit 3878 Lake Worth Beach, FL	1.0	1.0	528	$1,600	$3.03	24d	1	1.41mi
2951 Ashley Dr W West Palm Beach, FL	1.0	1.5	662	$1,525	$2.30	20d	1	1.42mi
2951 Ashley Dr W Unit D West Palm Beach, FL	1.0	1.5	662	$1,450	$2.19	16d	1	1.42mi
965 Manor Dr Palm Springs, FL	2.0	1.0	687	$1,722	$2.51	1d	5	1.43mi

HOA detail condo

• Monthly dues: $487 · $5,844/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $105,000 Active 51 DOM
2. 2026-06-17
   days on market $105,000 Active 50 DOM
3. 2026-06-16
   days on market $105,000 Active 49 DOM
4. 2026-06-15
   days on market $105,000 Active 48 DOM
5. 2026-06-13
   days on market $105,000 Active 46 DOM
6. 2026-06-09
   days on market $105,000 Active 42 DOM
7. 2026-06-08
   days on market $105,000 Active 41 DOM
8. 2026-06-07
   days on market $105,000 Active 40 DOM
9. 2026-06-04
   days on market $105,000 Active 37 DOM
10. 2026-06-03
    days on market $105,000 Active 36 DOM
11. 2026-06-02
    days on market $105,000 Active 35 DOM
12. 2026-06-01
    days on market $105,000 Active 34 DOM
13. 2026-05-31
    days on market $105,000 Active 33 DOM
14. 2026-04-28
    listed $105,000 Active
15. 2023-11-22
    soldstatus $105,000
16. 2023-11-15
    soldstatus $105,000 Closed 234-char remark

    Show marketing remark (234 chars)

    Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

17. 2023-11-01
    historical Active Under Contract 234-char remark

    Show marketing remark (234 chars)

    Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

18. 2023-10-16
    price $105,000 234-char remark

    Show marketing remark (234 chars)

    Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

19. 2023-10-03
    price $110,000 234-char remark

    Show marketing remark (234 chars)

    Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

20. 2023-09-30
    historical
21. 2023-09-29
    listed $115,000 Active 234-char remark

    Show marketing remark (234 chars)

    Fully furniture and Beautiful decorated. Just bring your tooth brush and clothing, near beaches and downtown, active community 55 +. right in front of elevator, newer roof. 1/1 on 3rd floor near elevator, additional storage available.

22. 2023-09-11
    price $117,000
23. 2023-08-14
    price $119,000
24. 2023-08-02
    price $119,500
25. 2023-07-24
    price $114,500
26. 2023-07-06
    price $115,000
27. 2023-07-06
    status Active
28. 2023-07-04
    historical
29. 2023-06-23
    price $120,000
30. 2023-06-06
    price $129,000
31. 2023-01-21
    price $124,000
32. 2022-12-09
    price $125,000
33. 2022-11-28
    price $128,000
34. 2022-11-23
    price $129,900
35. 2022-11-03
    listed $129,000 Active
36. 2021-09-10
    soldstatus $85,000
37. 2021-09-03
    soldstatus $85,000 Closed
38. 2021-07-10
    status Pending
39. 2021-03-08
    price $89,995
40. 2020-10-01
    price $94,995
41. 2020-09-22
    listed $89,995 Active
42. 2016-12-15
    historical
43. 2016-08-29
    price $69,800
44. 2016-08-08
    price $69,900
45. 2016-07-13
    price $74,900
46. 2016-05-04
    price $69,900
47. 2016-02-25
    listed $74,900 Active
48. 2011-03-10
    historical
49. 2010-03-10
    listed $21,000
50. 2005-10-20
    soldstatus $67,000

ⓘ 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: $635 · $53/mo
• Projected year-2 tax: $872 · $73/mo
• Expected delta: +$236/yr (+$20/mo · 37.2%)

ⓘ 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 10/10 Extreme 7 d/yr ≥105°F today · 26 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,217
• − Mortgage interest: −$5,882
• − Property taxes: −$635
• − Insurance: −$525
• − Repairs & maintenance: −$1,617
• − Management: −$1,617
• − HOA: −$5,844
• − Depreciation: −$3,055
• Taxable income: $1,042
• Est. tax owed @ 24.0%: −$250
• After-tax cash flow: $2,109/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 — Palm Springs

• Score: 73/100
• State rank: #297
• US rank: #5045

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Springs, FL
• County: Palm Beach County · 1,438,312 people
• City population: 49,443
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 49,443
• Household income: $61,963
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 2663.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 59% Two or more races 26% White 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6% Cuban 16% Dominican 2%
• Common ancestry: Hispanic 9% Romanian 1% Lithuanian 1%
• Foreign-born: 52% · Canada, Jamaica
• Languages at home: 31% English-only · Spanish 54% 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: ▼ -269.03%
• Current HPI: 493.0041
• Rent YoY: ▼ -2.47%
• 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

+200.0% since first listed

42 events — show timeline

• 2026-04-28 Listed $105,000 Beaches MLS
• 2023-11-22 Sold (Public Records) $105,000 Public Records
• 2023-11-15 Sold (MLS) $105,000 Beaches MLS
• 2023-11-01 Contingent — Beaches MLS
• 2023-10-16 Price Changed $105,000 Beaches MLS
• 2023-10-03 Price Changed $110,000 Beaches MLS
• 2023-09-30 Listing Removed — Beaches MLS
• 2023-09-29 Listed $115,000 Beaches MLS
• 2023-09-11 Price Changed $117,000 Beaches MLS
• 2023-08-14 Price Changed $119,000 Beaches MLS
• 2023-08-02 Price Changed $119,500 Beaches MLS
• 2023-07-24 Price Changed $114,500 Beaches MLS
• 2023-07-06 Price Changed $115,000 Beaches MLS
• 2023-07-06 Relisted — Beaches MLS
• 2023-07-04 Listing Removed — Beaches MLS
• 2023-06-23 Price Changed $120,000 Beaches MLS
• 2023-06-06 Price Changed $129,000 Beaches MLS
• 2023-01-21 Price Changed $124,000 Beaches MLS
• 2022-12-09 Price Changed $125,000 Beaches MLS
• 2022-11-28 Price Changed $128,000 Beaches MLS
• 2022-11-23 Price Changed $129,900 Beaches MLS
• 2022-11-03 Listed $129,000 Beaches MLS
• 2021-09-10 Sold (Public Records) $85,000 Public Records
• 2021-09-03 Sold (MLS) $85,000 Beaches MLS
• 2021-07-10 Pending — Beaches MLS
• 2021-03-08 Price Changed $89,995 Beaches MLS
• 2020-10-01 Price Changed $94,995 Beaches MLS
• 2020-09-22 Listed $89,995 Beaches MLS
• 2016-12-15 Listing Removed — Beaches MLS
• 2016-08-29 Price Changed $69,800 Beaches MLS
• 2016-08-08 Price Changed $69,900 Beaches MLS
• 2016-07-13 Price Changed $74,900 Beaches MLS
• 2016-05-04 Price Changed $69,900 Beaches MLS
• 2016-02-25 Listed $74,900 Beaches MLS
• 2011-03-10 Listing Removed — Beaches MLS
• 2010-03-10 Listed $21,000 Beaches MLS
• 2005-10-20 Sold (Public Records) $67,000 Public Records
• 2005-10-13 Sold (MLS) $67,000 Beaches MLS
• 2005-08-20 Listing Removed — Beaches MLS
• 2005-07-26 Listed $69,000 Beaches MLS
• 2002-02-15 Sold (Public Records) $17,000 Public Records
• 1980-12-01 Sold (Public Records) $35,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $635 · -3.7% YoY. Source: county tax records.