930 43rd St · West Palm Beach, FL 33407

$338,000

3 bd · 1.0 ba · 947 sqft · SingleFamily public records · 166 Days on market

Built 1949 6,000 sqft lot

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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 +18.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +4.8/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

IMMACULATE HOME WITH HARDWOOD FLOORS. SEPERATE UTILITY ROOM. STORAGE ROOM CARPORT. OPEN KITCHEN AND DINING. FENCED YARD. A MUST SEE. CLOSE TO SHOPPING AND ST. MARY'S HOSPITAL.

Key facts

• Green space
• Room for a pool
• Fenced yard

Tags

• HIGH-IMPACT STORM WINDOWS
• SEPARATE UTILITY LAUNDRY ROOM
• FENCED YARD
• FRUIT TREES
• GREEN SPACE
• ROOM FOR A POOL

Property features AI

Finance

• Financial info: Pets allowed with no restrictions
• HOA & community: No association amenities

Exterior

• Parking: Attached carport (1 covered space); On-street parking
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Sewer available; Water available
• Home design: Single family residence; One-story; Entry-level living area; Faces north; Resale property
• Construction: Built with CBS construction materials; Composition/shingle roof
• Exterior features: Open patio and open porch; Patio and porch; Fenced yard; Fruit trees on the lot; Paved road frontage; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Window/wall heating; Ceiling fan(s); Electric cooling
• Interior features: Stacked bedroom layout; Unfurnished
• Laundry & utility: Laundry closet inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $338k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $330k (2.4% below list).
• Recommended offer: $297k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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.
• Zoned schools: Northmore Elementary School (math 34% / reading 29%, grade F, #1,841 of 2,144 statewide, top 86%, 628 students, 73% FRL); John F. Kennedy Middle School (math 28% / reading 29%, grade F, #482 of 571 statewide, top 85%, 826 students, 78% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% 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 27% 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 rising (+3.1%/yr); 306 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 166 days — a 12% lower offer ($297k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y 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 $50k; list at $338k implies a 577% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• 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 $297,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 0.98% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.04%
• DSCR: 1.18
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.08% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-34,190
• Equity at exit: $50,397

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-2,465
• Equity at exit: $29,224

Cash invested: $94,640 (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 33407

• Rents YoY: 3.1%
• Active inventory: 306
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,299 high
• Mortgage (P&I): −$1,773
• Tax from tax record: −$374 /mo · $4,487/yr
• Insurance: −$141
• HOA: −$0
• Vacancy / Maint / Mgmt: −$693
• Net cashflow: $319

Break-even live

Break-even rent $2,895

Max offer price $338,000

Occupancy floor 85%

Sensitivity live

Price	-10% $510	-5% $414	+0% $319	+5% $223	+10% $127
Rent	-10% $58	-5% $188	+0% $319	+5% $449	+10% $579
Rate	-1.0pp $489	-0.5pp $405	base $319	+0.5pp $231	+1.0pp $142

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: $84,500
• Closing costs: $10,140
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 31st St West Palm Beach, FL	3.0	2.0	850	$3,000	$3.53	26d	1	0.67mi
401 42nd St West Palm Beach, FL	3.0	1.0	1100	$4,950	$4.50	26d	1	0.68mi
933 30th Ct West Palm Beach, FL	3.0	1.5	1085	$3,100	$2.86	26d	1	0.70mi
436 51st St West Palm Beach, FL	2.0	1.0	968	$3,750	$3.87	26d	1	0.72mi
522 W 2nd St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	26d	1	0.93mi
2585 Spruce Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	841	$3,225	$3.83	1d	116	1.24mi
1104 State St Unit C West Palm Beach, FL	3.0	1.0	875	$3,000	$3.43	26d	1	1.47mi

Listing history 24 events

1. 2026-06-21
   days on market $338,000 Active 166 DOM
2. 2026-06-18
   days on market $338,000 Active 163 DOM
3. 2026-06-17
   days on market $338,000 Active 162 DOM
4. 2026-06-16
   days on market $338,000 Active 161 DOM
5. 2026-06-15
   days on market $338,000 Active 160 DOM
6. 2026-06-13
   days on market $338,000 Active 158 DOM
7. 2026-06-09
   days on market $338,000 Active 154 DOM
8. 2026-06-07
   days on market $338,000 Active 152 DOM
9. 2026-06-04
   days on market $338,000 Active 149 DOM
10. 2026-06-03
    days on market $338,000 Active 148 DOM
11. 2026-06-01
    days on market $338,000 Active 146 DOM
12. 2026-05-31
    days on market $338,000 Active 145 DOM
13. 2026-05-06
    status Active
14. 2026-04-26
    historical Active Under Contract
15. 2026-03-12
    price $338,000
16. 2026-02-09
    price $339,000
17. 2026-01-06
    listed $349,000 Active
18. 2017-09-14
    historical
19. 2017-03-29
    listed $144,900 Active
20. 1999-03-22
    soldstatus $49,900
21. 1999-03-19
    soldstatus $49,900 175-char remark

    Show marketing remark (175 chars)

    IMMACULATE HOME WITH HARDWOOD FLOORS. SEPERATE UTILITY ROOM. STORAGE ROOM CARPORT. OPEN KITCHEN AND DINING. FENCED YARD. A MUST SEE. CLOSE TO SHOPPING AND ST. MARY'S HOSPITAL.

22. 1999-02-19
    historical 175-char remark

    Show marketing remark (175 chars)

    IMMACULATE HOME WITH HARDWOOD FLOORS. SEPERATE UTILITY ROOM. STORAGE ROOM CARPORT. OPEN KITCHEN AND DINING. FENCED YARD. A MUST SEE. CLOSE TO SHOPPING AND ST. MARY'S HOSPITAL.

23. 1999-02-01
    listed $49,900 175-char remark

    Show marketing remark (175 chars)

    IMMACULATE HOME WITH HARDWOOD FLOORS. SEPERATE UTILITY ROOM. STORAGE ROOM CARPORT. OPEN KITCHEN AND DINING. FENCED YARD. A MUST SEE. CLOSE TO SHOPPING AND ST. MARY'S HOSPITAL.

24. 1991-11-26
    soldstatus $39,800

ⓘ 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: $4,487 · $374/mo
• Projected year-2 tax: $4,487 · $374/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 10/10 Extreme 7 d/yr ≥105°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: $39,584
• − Mortgage interest: −$18,933
• − Property taxes: −$4,487
• − Insurance: −$1,690
• − Repairs & maintenance: −$3,167
• − Management: −$3,167
• − Depreciation: −$9,833
• Taxable loss: −$1,693
• Est. tax savings @ 24.0%: +$406
• After-tax cash flow: $4,230/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): 34,851
• Household income: $59,993
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 2157.0

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 0.62)
• Race & ethnicity: Black 54% White 21% Hispanic / Latino 20% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Hispanic 8% Lithuanian 1% Romanian 1%
• Foreign-born: 26% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 17% French/Haitian/Cajun 8% Other Indo-European 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: ▼ -299.26%
• Current HPI: 363.3995
• Rent YoY: ▲ 3.08%
• 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

+749.2% since first listed

12 events — show timeline

• 2026-05-06 Relisted — Beaches MLS
• 2026-04-26 Contingent — Beaches MLS
• 2026-03-12 Price Changed $338,000 Beaches MLS
• 2026-02-09 Price Changed $339,000 Beaches MLS
• 2026-01-06 Listed $349,000 Beaches MLS
• 2017-09-14 Listing Removed — Beaches MLS
• 2017-03-29 Listed $144,900 Beaches MLS
• 1999-03-22 Sold (Public Records) $49,900 Public Records
• 1999-03-19 Sold (MLS) $49,900 Beaches MLS
• 1999-02-19 Listing Removed — Beaches MLS
• 1999-02-01 Listed $49,900 Beaches MLS
• 1991-11-26 Sold (Public Records) $39,800 Public Records

Property tax history

+14.4%/yr

Latest (2025): $4,487 · +6.3% YoY. Source: county tax records.