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1750 N Congress Ave #103
B+ Composite 77.76
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 +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +4.1/5.0
  • Rent growth +3.8/5.0
  • Schools +2.6/10.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$117,000

1750 N Congress Ave #103 · West Palm Beach, FL 33401
1 bd · 1.0 ba · 775 sqft · Condo public records · 255 Days on market
Built 1981 Fair condition $151/sqft · 17% below area Est $142k · 17% under $425/mo HOA · 17% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

SUPER 1/1 ON FIRST FLOOR NEAR TENNIS COURTS. UNIT INCLUDES LARGE WALK-IN CLOSET, LARGE BATHROOM, SMOOTH-TOP RANGE AND NEWER SIDE/SIDE REFRIGERATOR. This is a great unit for college students, retirees, first time home buyers, etc. Centrally located near the Palm Beach Lakes Mall, I-95, City Place and Beaches.

Key facts

  • First floor
  • Walk in closet
  • Open balcony

Tags

FIRST FLOOROPEN BALCONYWALK IN CLOSET

Neighborhood map

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 1-bed/1.0-bath condo listed at $117k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $688 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $117k).
  • Recommended offer: $103k (12.0% below list) — sets the bar for market timing.
  • Cap rate 13.4% vs local median 4.1% 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: Roosevelt Elementary School (math 22% / reading 22%, grade F, #2,080 of 2,144 statewide, top 97%, 324 students, 86% FRL); Roosevelt Middle School (math 31% / reading 39%, grade F, #416 of 571 statewide, top 74%, 851 students, 80% 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 79% FRL vs 52% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 26% at this address vs 50% district-wide (-23 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 fast (+5.2%/yr); 589 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
  • This rent runs 44% of the median local income ($68k/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 $809 of loan paydown is wiped out by about $4k 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.
  • At projected returns (-3.0% appreciation + 5.2% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 255 days — a 12% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 20y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $102,960 (12.0% below list)

Questions for the listing agent

  1. It's been on market 255 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  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
2.14%
Cap rate
13.35%
Cash-on-cash
25.21%
DSCR
2.12
GRM
3.9

CMA / ARV

ARV (median comp)
$141,748
List price
$117,000
Delta
-17.46%
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
1950 N Congress Ave #404 0.10mi 1/1.0 775 (0%) 14mo $120,000 $155 83
2425 Presidential Way #1502 0.23mi 1/1.5 894 (+15%) 0mo $120,000 $134 62
1830 Embassy Dr #503 0.67mi 1/1.0 725 (-6%) 4mo $190,000 $262 55
14103 Glenmoor Dr 1.10mi 1/1.0 750 (-3%) 10mo $175,000 $233 51
1326 8th St 1.49mi 2/1.0 (+1) 704 (-9%) 1mo $310,000 $440 44
1113 Green Pine Blvd Unit C2 0.94mi 1/1.0 624 (-20%) 0mo $145,000 $232 40
1109 Green Pine Blvd Unit C1 0.89mi 1/1.0 624 (-20%) 4mo $174,900 $280 37
1638 Embassy Dr #312 0.52mi 2/2.0 (+1) 890 (+15%) 7mo $125,000 $140 37
1739 Village Blvd #205 0.74mi 1/1.0 676 (-13%) 10mo $160,000 $237 36
480 Executive Center Dr Unit 1b 1.50mi 1/1.0 704 (-9%) 17mo $123,500 $175 36
470 Executive Center Dr Unit 4n 1.46mi 2/2.0 (+1) 960 (+24%) 0mo $135,000 $141 31
1401 Village Blvd #1627 1.16mi 2/1.0 (+1) 931 (+20%) 16mo $165,000 $177 21

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.15% rent growth · sell at horizon

5-year hold
IRR
22.1%
Equity multiple
1.94×
Total profit
$30,752
Equity at exit
$17,445
10-year hold
IRR
32.0%
Equity multiple
4.31×
Total profit
$108,344
Equity at exit
$10,116

Cash invested: $32,760 (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
2 active · 2 under contract
Median asking
$169,500 ($202/sqft)
Median days on market
104 d
This list price
lowest-priced of the active set
ARV vs active asking
-9.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33401

Rents YoY
5.2%
Active inventory
589
Price-to-rent
3.9×

Monthly cashflow live

Estimated rent
$2,507 high interval (Pro) →
Mortgage (P&I)
$614
Tax from tax record
$205 /mo · $2,463/yr
Insurance
$49
HOA
$425
Vacancy / Maint / Mgmt
$527
Net cashflow
$688

Break-even live

Break-even rent $1,636
Max offer price $117,000
Occupancy floor 68%

Sensitivity live

Price -10% $754 -5% $721 +0% $688 +5% $655 +10% $622
Rent -10% $490 -5% $589 +0% $688 +5% $787 +10% $886
Rate -1.0pp $747 -0.5pp $718 base $688 +0.5pp $658 +1.0pp $627

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
$29,250
Closing costs
$3,510
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 6 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2500 Presidential Way #103 West Palm Beach, FL 2.0 2.0 1042 $3,000 $2.88 42d 1 0.28mi
1991 Presidential Way West Palm Beach, FL 1.0 1.0 827 $2,980 $3.60 13d 1 0.30mi
1441 Brandywine Rd West Palm Beach, FL 1.0–3.0 1.0–2.0 881 $1,650 $1.87 9d 25 0.74mi
290 Courtney Lakes Cir West Palm Beach, FL 1.0–3.0 1.0–2.0 1069 $2,222 $2.08 0d 11 1.14mi
4400 Portofino Way West Palm Beach, FL 1.0–3.0 1.0–2.0 1222 $1,969 $1.61 0d 45 1.31mi
3590 Village Blvd West Palm Beach, FL 1.0–3.0 1.0–2.0 1074 $2,210 $2.06 0d 23 1.50mi

Property features AI

Finance

Financial info
Pets allowed with size limit (maximum 20 lbs)
HOA & community
Monthly association fee of $425Association covers common areas, structure maintenance and sewerAssociation amenities include laundry and elevator(s)

Exterior

Parking
Two or more parking spaces
Utilities
Cable available
Home design
Attached property4-story buildingEntry on level 1
Construction
Brick and block constructionResale property
Exterior features
Balcony (open)

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigeratorWater purifierElectric water heater
Bedrooms
Bedroom located on the main level
Flooring
Ceramic tile
Bathrooms
1 full bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
UnfurnishedElevatorFirst-floor entryLiving/dining roomBedroom on main level
Laundry & utility
Common area laundry

HOA detail $425/mo · $5,100/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $117,000 Active 255 DOM
  2. 2026-08-06
    days on market $117,000 Active 253 DOM
  3. 2026-08-05
    days on market $117,000 Active 252 DOM
  4. 2026-08-03
    days on market $117,000 Active 250 DOM
  5. 2026-07-31
    days on market $117,000 Active 247 DOM
  6. 2026-07-24
    days on market $117,000 Active 240 DOM
  7. 2026-07-23
    days on market $117,000 Active 239 DOM
  8. 2026-07-22
    days on market $117,000 Active 238 DOM
  9. 2026-07-21
    days on market $117,000 Active 237 DOM
  10. 2026-07-20
    days on market $117,000 Active 236 DOM
  11. 2026-07-18
    days on market $117,000 Active 234 DOM
  12. 2026-07-16
    days on market $117,000 Active 232 DOM
  13. 2026-07-15
    days on market $117,000 Active 231 DOM
  14. 2026-07-14
    days on market $117,000 Active 230 DOM
  15. 2026-07-13
    days on market $117,000 Active 229 DOM
  16. 2026-07-13
    days on market $117,000 Active 228 DOM
  17. 2026-07-12
    days on market $117,000 Active 227 DOM
  18. 2026-07-10
    days on market $117,000 Active 226 DOM
  19. 2026-07-09
    days on market $117,000 Active 225 DOM
  20. 2026-07-07
    days on market $117,000 Active 223 DOM
  21. 2026-07-06
    days on market $117,000 Active 222 DOM
  22. 2026-07-06
    days on market $117,000 Active 221 DOM
  23. 2026-07-05
    days on market $117,000 Active 220 DOM
  24. 2026-07-04
    days on market $117,000 Active 219 DOM
  25. 2026-07-02
    days on market $117,000 Active 218 DOM
  26. 2026-07-01
    days on market $117,000 Active 217 DOM
  27. 2026-06-30
    days on market $117,000 Active 216 DOM
  28. 2026-06-29
    days on market $117,000 Active 215 DOM
  29. 2026-06-28
    days on market $117,000 Active 214 DOM
  30. 2026-06-27
    days on market $117,000 Active 213 DOM
  31. 2026-06-26
    days on market $117,000 Active 212 DOM
  32. 2026-06-24
    days on market $117,000 Active 210 DOM
  33. 2026-06-22
    days on market $117,000 Active 208 DOM
  34. 2026-06-21
    days on market $117,000 Active 207 DOM
  35. 2026-06-18
    days on market $117,000 Active 204 DOM
  36. 2026-06-17
    days on market $117,000 Active 203 DOM
  37. 2026-06-16
    days on market $117,000 Active 202 DOM
  38. 2026-06-15
    days on market $117,000 Active 201 DOM
  39. 2026-06-13
    days on market $117,000 Active 199 DOM
  40. 2026-06-09
    days on market $117,000 Active 195 DOM
  41. 2026-06-07
    days on market $117,000 Active 193 DOM
  42. 2026-06-04
    days on market $117,000 Active 190 DOM
  43. 2026-06-03
    days on market $117,000 Active 189 DOM
  44. 2026-06-01
    days on market $117,000 Active 187 DOM
  45. 2026-05-31
    days on market $117,000 Active 186 DOM
  46. 2026-02-14
    price $117,000
  47. 2025-12-16
    status Active
  48. 2025-12-02
    status Pending
  49. 2025-11-12
    listed $125,000 Active
  50. 2023-11-28
    historical $1,600

ⓘ 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
$2,463 · $205/mo
Projected year-2 tax
$2,463 · $205/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 9/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,089
− Mortgage interest
−$6,554
− Property taxes
−$2,463
− Insurance
−$585
− Repairs & maintenance
−$2,407
− Management
−$2,407
− HOA
−$5,100
− Depreciation
−$3,404
Taxable income
$7,169
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,721
After-tax cash flow
$6,539/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

Fair 45/100 Cosmetic rehab Est. rehab $3,875–$11,625 screening

The property is in fair condition with minor repairs needed, primarily to the roof. Paint touch-ups and landscaping improvements would significantly enhance its value.

Components & finishes AI

Flooring tile Counters granite Appliances stainless steel

Repairs flagged

  • Minor Roof — The satellite image shows a complex roof design, which may indicate potential maintenance needs.

Value-add opportunities

  • Both Paint touch-ups — Fresh paint can improve the overall appearance and value of the property.
  • Both Landscaping improvements — Enhanced landscaping can improve curb appeal and potentially increase property 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 26/100

Zoned Schools

Elementary Roosevelt Elementary School F FL #2,080/2,144 Nat'l #32,000/41,679 Middle Roosevelt Middle School F FL #416/571 Nat'l #7,460/14,009 High Palm Beach Lakes High School F FL #546/667 Nat'l #13,899/17,239

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
A Composite livability gradescore 82/100

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 · 1,637,487 people
City population
222,012
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
33,698
Household income
$67,967
Rent vs Own
62.5% rent · 37.5% own
Severe rent burden
18% 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 0.68)
Race & ethnicity
White 43% Black 32% Hispanic / Latino 17% Two or more races 11% Asian 3%
Hispanic origin (detail)
Mexican 2% Puerto Rican 3% Cuban 3%
Common ancestry
Hispanic 6% Slovak 2% Romanian 2%
Foreign-born
26% · Canada, Jamaica, China
Languages at home
73% English-only · Spanish 13% French/Haitian/Cajun 7% Other Asian/Pacific 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

Price history

+244.1% since first listed
14 events — show timeline
  • 2026-02-14 Price Changed $117,000 MARMLS
  • 2025-12-16 Relisted MARMLS
  • 2025-12-02 Pending MARMLS
  • 2025-11-12 Listed $125,000 MARMLS
  • 2023-11-28 Rental Removed $1,600 MARMLS
  • 2023-11-20 Listed for Rent $1,600 MARMLS
  • 2023-10-17 Sold (Public Records) $161,000 Public Records
  • 2020-03-10 Sold (Public Records) $92,000 Public Records
  • 2020-02-13 Pending Beaches MLS
  • 2020-01-03 Listed $102,000 Beaches MLS
  • 2007-10-16 Sold (Public Records) $77,000 Public Records
  • 2007-10-12 Sold (MLS) $77,000 Beaches MLS
  • 2006-10-16 Listed $77,000 Beaches MLS
  • 2002-01-11 Sold (Public Records) $34,000 Public Records

Property tax history

+23.8%/yr

Latest (2025): $2,463 · +0.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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