1605 S Us Highway 1 Unit M1-403 · Jupiter, FL 33477

$348,000

2 bd · 2.0 ba · 1,500 sqft · Condo · 4 Days on market

Built 1976 $1434/mo HOA · 35% of rent

---

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).

• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Cash flow +6.5/30.0
• Appreciation +6.5/10.0
• Rent growth +5.0/5.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.7/10.0

Listing remarks MLS

Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

Key facts

• $1,434 HOA
• Parking
• Community pool

Property features AI

Finance

• Financial info: Pets allowed with possible restrictions (number/size limits)
• HOA & community: Has association; Monthly HOA fee; Building amenities include elevator(s), pool, community room, lobby, on-site manager, management; HOA covers insurance, pest control, common areas, common real estate tax, elevator

Exterior

• Parking: Assigned parking; Guest parking; 1 parking space
• Security: Building security; Smoke detectors; Security system; Security patrol
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Condominium; Resale property; Faces north; 5-story building; Unit in building M1
• Construction: CBS construction; Barrel and tar/gravel roof; Public records list living area as 1,500
• Exterior features: No waterfront; East of US-1 road frontage

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on main level
• Flooring: Other
• Bathrooms: 2 full bathrooms on main level
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Walk-in closets; Split bedroom layout; Unfurnished
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $348k.

Deal economics

• At list price, monthly cash flow is $-595 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $262k (24.8% below list).
• Meets the 1% rule at list price ($4k rent vs $348k).
• Recommended offer: $262k (24.8% below list) — sets the bar for cash-flow.
• Cap rate 4.2% vs local median 2.7% in Jupiter — 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 70/100 on livability (#415 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living 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: Beacon Cove Intermediate School (math 84% / reading 86%, grade A+, #35 of 2,144 statewide, top 2%, 641 students, 19% FRL); Jupiter Middle School (math 62% / reading 63%, grade B+, #116 of 571 statewide, top 21%, 1,384 students, 38% FRL); Jupiter High School (math 56% / reading 64%, grade C+, #106 of 667 statewide, top 16%, 3,087 students, 28% FRL) — zoned schools average 28% FRL vs 52% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 69% at this address vs 50% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+10.3%/yr); 338 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• In year one you build about $13k of equity ($2k loan paydown + $10k appreciation (2.9% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y ago; this cycle's ask has dropped $37k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; list at $348k implies a 158% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.

Recommended offer $261,856 (24.8% 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. Built in 1976 — 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. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-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 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: 1.18% ✓
• Cap rate: 4.24%
• Cash-on-cash: -7.33%
• DSCR: 0.67
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.93% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.26×
• Total profit: $25,329
• Equity at exit: $155,074

10-year hold

• IRR: 11.3%
• Equity multiple: 2.92×
• Total profit: $186,707
• Equity at exit: $237,903

Cash invested: $97,440 (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 33477

• Home prices YoY: 0.8%
• Rents YoY: 10.3%
• Active inventory: 338
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $4,106 high
• Mortgage (P&I): −$1,825
• Tax est. 1.5%: −$435 /mo · $5,220/yr
• Insurance: −$145
• HOA: −$1,434
• Vacancy / Maint / Mgmt: −$862
• Net cashflow: $-595

Break-even live

Break-even rent $4,859

Max offer price $261,856

Occupancy floor —

Sensitivity live

Price	-10% $-355	-5% $-475	+0% $-595	+5% $-716	+10% $-836
Rent	-10% $-920	-5% $-758	+0% $-595	+5% $-433	+10% $-271
Rate	-1.0pp $-420	-0.5pp $-507	base $-595	+0.5pp $-685	+1.0pp $-777

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: $87,000
• Closing costs: $10,440
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 S US Highway 1 Unit M1-506 Jupiter, FL	3.0	3.0	1800	$3,000	$1.67	15d	1	0.02mi
1605 S US Highway 1 Unit Sl3g Jupiter, FL	1.0	2.0	1160	$2,400	$2.07	26d	1	0.02mi
1605 S US Highway 1 Unit M1-404 Jupiter, FL	2.0	2.0	1500	$4,500	$3.00	26d	1	0.02mi
214 Seabreeze Cir Jupiter, FL	3.0	2.5	1620	$4,650	$2.87	26d	1	0.04mi
1044 S Us Hwy 1 Jupiter, FL	2.0–3.0	2.0	1241	$3,305	$2.66	5d	5	0.05mi
213 Seabreeze Cir Jupiter, FL	3.0	2.5	1620	$2,900	$1.79	13d	1	0.05mi
226 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$3,475	$2.78	26d	1	0.09mi
234 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$2,750	$2.20	26d	1	0.12mi
120 Water Pointe Pl Unit 3 Jupiter, FL	3.0	2.5	2192	$6,950	$3.17	26d	1	0.12mi
104 W Spearfish Ln Jupiter, FL	3.0	3.0	2097	$10,000	$4.77	9d	1	0.12mi
237 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$5,600	$4.48	26d	1	0.12mi
103 W Sandpiper Cir Jupiter, FL	2.0	2.5	1508	$20,000	$13.26	26d	1	0.13mi
288 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$4,100	$3.28	26d	1	0.15mi
260 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$3,000	$2.40	16d	1	0.17mi
1605 U.S. 1 Unit SL6E Jupiter, FL	2.0	2.0	1160	$2,800	$2.41	26d	1	0.19mi
1605 U.S. 1 Unit 301v6 Jupiter, FL	2.0	2.0	1200	$4,000	$3.33	26d	1	0.19mi
131 Ocean Cove Dr Jupiter, FL	2.0	2.5	1288	$6,000	$4.66	26d	1	0.22mi
1605 S US Highway 1 Unit 3H Jupiter, FL	2.0	2.0	1160	$2,700	$2.33	26d	1	0.25mi
1605 S US Highway 1 Unit 9H Jupiter, FL	2.0	2.0	1160	$2,800	$2.41	23d	1	0.25mi
1605 S US Highway 1 Unit 8G Jupiter, FL	2.0	2.0	1160	$3,000	$2.59	23d	1	0.25mi
1605 S US Highway 1 Unit 4H Jupiter, FL	1.0	1.5	1160	$6,500	$5.60	26d	1	0.25mi
121 Ocean Cove Dr #121 Jupiter, FL	2.0	2.5	1288	$3,200	$2.48	26d	1	0.26mi
1469 Via Privada Jupiter, FL	3.0	2.0	1866	$5,800	$3.11	23d	1	0.26mi
1469 Via Privada Jupiter, FL	3.0	2.0	1866	$5,875	$3.15	26d	1	0.26mi
1605 S US Highway 1 Unit 303M1 Jupiter, FL	2.0	2.0	1500	$6,500	$4.33	26d	1	0.27mi
1605 S US Highway 1 Unit 401M3 Jupiter, FL	2.0	3.0	1800	$4,500	$2.50	26d	1	0.27mi
717 S US Highway 1 #608 Jupiter, FL	3.0	2.0	1315	$5,800	$4.41	26d	1	0.29mi
717 S US Highway 1 #1016 Jupiter, FL	2.0	2.0	1274	$2,800	$2.20	26d	1	0.29mi
717 S US Highway 1 #408 Jupiter, FL	3.0	2.0	1315	$5,200	$3.95	26d	1	0.29mi
717 S US Highway 1 #408 Jupiter, FL	3.0	2.0	1315	$5,000	$3.80	1d	1	0.29mi
717 S US Highway 1 #1016 Jupiter, FL	2.0	2.5	1274	$3,200	$2.51	12d	1	0.29mi
860 Bella Vista Ct S #60 Jupiter, FL	3.0	2.5	1640	$2,500	$1.52	22d	1	0.35mi
107 Mako Ln Jupiter, FL	3.0	3.0	1926	$7,000	$3.63	5d	1	0.36mi
1127 E Seminole Ave Unit 8A Jupiter, FL	2.0	2.0	1324	$3,900	$2.95	26d	1	0.39mi
1127 E Seminole Ave Unit 13D Jupiter, FL	2.0	2.0	1540	$7,500	$4.87	26d	1	0.39mi
1605 S US Highway 1 Unit B201 Jupiter, FL	2.0	2.0	1183	$2,350	$1.99	7d	1	0.40mi
1605 S US Highway 1 Unit E301 Jupiter, FL	2.0	2.0	1183	$6,500	$5.49	26d	1	0.40mi
1605 S US Highway 1 Unit F401 Jupiter, FL	2.0	2.0	1183	$2,400	$2.03	26d	1	0.40mi
1605 S US Highway 1 Unit A301 Jupiter, FL	2.0	2.0	1183	$7,000	$5.92	26d	1	0.40mi
1605 S US Highway 1 Unit A408 Jupiter, FL	2.0	2.0	1183	$2,500	$2.11	26d	1	0.40mi

HOA detail condo

• Monthly dues: $1,434 · $17,208/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $348,000 Active 4 DOM
2. 2026-06-18
   days on marketlisting id $348,000 Active 1 DOM
3. 2026-06-07
   days on market $348,000 Active 86 DOM
4. 2026-06-04
   days on market $348,000 Active 83 DOM
5. 2026-06-03
   days on market $348,000 Active 82 DOM
6. 2026-06-02
   days on market $348,000 Active 81 DOM
7. 2026-06-01
   days on market $348,000 Active 80 DOM
8. 2026-05-31
   days on market $348,000 Active 79 DOM
9. 2026-05-23
   price $348,000
10. 2026-04-04
    price $368,500
11. 2026-03-09
    listed $385,000 Active
12. 2025-08-20
    historical $2,900
13. 2025-07-08
    listed $2,900
14. 2013-11-08
    soldstatus $135,000 Closed 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

15. 2013-10-18
    historical Contingent 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

16. 2013-10-07
    price $139,900 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

17. 2013-10-01
    status Active 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

18. 2013-09-25
    historical Contingent 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

19. 2013-09-10
    price $159,900 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

20. 2013-08-07
    listed $179,900 Active 283-char remark

    Show marketing remark (283 chars)

    Just painted with new carpet and refrigerator. A HomeSteps Property, Eligible under the Freddie Mac First Look Initiative through 8/22/2013. Sold AS-IS. Seller will pay for owners title policy if buyer closes with sellers title agent. HomeSteps Financing available on this property.

21. 2008-08-25
    historical
22. 2007-12-18
    listed $275,000
23. 2004-12-21
    soldstatus $248,000
24. 2004-11-23
    historical
25. 2004-07-16
    listed $259,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $49,270
• − Mortgage interest: −$19,493
• − Property taxes: −$5,220
• − Insurance: −$1,740
• − Repairs & maintenance: −$3,942
• − Management: −$3,942
• − HOA: −$17,208
• − Depreciation: −$10,124
• Taxable loss: −$12,398
• Est. tax savings @ 24.0%: +$2,976
• After-tax cash flow: $-4,168/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 — Jupiter

• Score: 70/100
• State rank: #415
• US rank: #7386

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jupiter, FL
• County: Palm Beach County · 1,438,312 people
• City population: 68,420
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 12,908
• Household income: $104,992
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 445.0

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: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 6% Scotch-Irish 4% Lithuanian 2%
• Foreign-born: 10% · Canada, Guatemala, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 1%

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: ▲ 2.93%
• Current HPI: 356.212
• Rent YoY: ▲ 10.27%
• 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

+33.9% since first listed

17 events — show timeline

• 2026-05-23 Price Changed $348,000 Beaches MLS
• 2026-04-04 Price Changed $368,500 Beaches MLS
• 2026-03-09 Listed $385,000 Beaches MLS
• 2025-08-20 Rental Removed $2,900 RMLSFL
• 2025-07-08 Listed for Rent $2,900 RMLSFL
• 2013-11-08 Sold (MLS) $135,000 Beaches MLS
• 2013-10-18 Contingent — Beaches MLS
• 2013-10-07 Price Changed $139,900 Beaches MLS
• 2013-10-01 Relisted — Beaches MLS
• 2013-09-25 Contingent — Beaches MLS
• 2013-09-10 Price Changed $159,900 Beaches MLS
• 2013-08-07 Listed $179,900 Beaches MLS
• 2008-08-25 Listing Removed — Beaches MLS
• 2007-12-18 Listed $275,000 Beaches MLS
• 2004-12-21 Sold (MLS) $248,000 Beaches MLS
• 2004-11-23 Listing Removed — Beaches MLS
• 2004-07-16 Listed $259,900 Beaches MLS