1750 N Congress Ave #103 · West Palm Beach, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- IRR
- 22.1%
- Equity multiple
- 1.94×
- Total profit
- $30,752
- Equity at exit
- $17,445
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$527
- Net cashflow
- $688
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-08-08days on market $117,000 Active 255 DOM
-
2026-08-06days on market $117,000 Active 253 DOM
-
2026-08-05days on market $117,000 Active 252 DOM
-
2026-08-03days on market $117,000 Active 250 DOM
-
2026-07-31days on market $117,000 Active 247 DOM
-
2026-07-24days on market $117,000 Active 240 DOM
-
2026-07-23days on market $117,000 Active 239 DOM
-
2026-07-22days on market $117,000 Active 238 DOM
-
2026-07-21days on market $117,000 Active 237 DOM
-
2026-07-20days on market $117,000 Active 236 DOM
-
2026-07-18days on market $117,000 Active 234 DOM
-
2026-07-16days on market $117,000 Active 232 DOM
-
2026-07-15days on market $117,000 Active 231 DOM
-
2026-07-14days on market $117,000 Active 230 DOM
-
2026-07-13days on market $117,000 Active 229 DOM
-
2026-07-13days on market $117,000 Active 228 DOM
-
2026-07-12days on market $117,000 Active 227 DOM
-
2026-07-10days on market $117,000 Active 226 DOM
-
2026-07-09days on market $117,000 Active 225 DOM
-
2026-07-07days on market $117,000 Active 223 DOM
-
2026-07-06days on market $117,000 Active 222 DOM
-
2026-07-06days on market $117,000 Active 221 DOM
-
2026-07-05days on market $117,000 Active 220 DOM
-
2026-07-04days on market $117,000 Active 219 DOM
-
2026-07-02days on market $117,000 Active 218 DOM
-
2026-07-01days on market $117,000 Active 217 DOM
-
2026-06-30days on market $117,000 Active 216 DOM
-
2026-06-29days on market $117,000 Active 215 DOM
-
2026-06-28days on market $117,000 Active 214 DOM
-
2026-06-27days on market $117,000 Active 213 DOM
-
2026-06-26days on market $117,000 Active 212 DOM
-
2026-06-24days on market $117,000 Active 210 DOM
-
2026-06-22days on market $117,000 Active 208 DOM
-
2026-06-21days on market $117,000 Active 207 DOM
-
2026-06-18days on market $117,000 Active 204 DOM
-
2026-06-17days on market $117,000 Active 203 DOM
-
2026-06-16days on market $117,000 Active 202 DOM
-
2026-06-15days on market $117,000 Active 201 DOM
-
2026-06-13days on market $117,000 Active 199 DOM
-
2026-06-09days on market $117,000 Active 195 DOM
-
2026-06-07days on market $117,000 Active 193 DOM
-
2026-06-04days on market $117,000 Active 190 DOM
-
2026-06-03days on market $117,000 Active 189 DOM
-
2026-06-01days on market $117,000 Active 187 DOM
-
2026-05-31days on market $117,000 Active 186 DOM
-
2026-02-14price $117,000
-
2025-12-16status Active
-
2025-12-02status Pending
-
2025-11-12$125,000 Active
-
2023-11-28historical $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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
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
- 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
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
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.
Zoned Schools
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
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
- 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
- —
Market trends
- HPI YoY
- ▼ -324.96%
- Current HPI
- 367.0978
- Rent YoY
- ▲ 5.15%
- 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 |
|
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| Technology Manufacturing | 1 | $35B |
|
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Price history
+244.1% since first listed14 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%/yrLatest (2025): $2,463 · +0.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…