1830 NW 18th St #201 · Delray 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 10/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 26 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
- 2 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 +22.5/30.0
- ARV discount +15.0/15.0
- 1% rule +7.5/10.0
- DSCR +7.5/10.0
- Livability +3.9/5.0
- Schools +3.6/10.0
- Rent growth +3.0/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$135,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
This bright & spacious 2-Bed/2-Bath, 2nd-floor corner unit is in the very desirable Pines of Delray North, a 55+ manned-gated community. This blank-slate, 1,335 sq. ft. condo offers an open layout, eat-in kitchen, walk-in closets, in-unit washer/dryer, a 5-year-old A/C & all Impact Glass Windows perfect for those w/ a vision. Enjoy 2 clubhouses, pools, tennis, pickleball, fitness center, billiards & more. Very accessible to Downtown Delray, its beaches, shopping, dining, houses of worship, and I-95----Comfort, Convenience, & Community all from one location! Public Water/Sewer, Building Insurance, Cable & Internet; all included in the monthly maintenance.
Key facts
- Gated community
- Two clubhouses
- Eat in kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $135k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $539 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $135k).
- Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
- Cap rate 11.1% vs local median 4.1% in Delray 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 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime D-, amenities 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: Crosspointe Elementary School (math 36% / reading 45%, grade F, #1,471 of 2,144 statewide, top 69%, 652 students, 75% FRL); Carver Middle School (math 22% / reading 34%, grade F, #486 of 571 statewide, top 86%, 732 students, 73% FRL); Atlantic High School (math 28% / reading 52%, grade F, #296 of 667 statewide, top 45%, 1,889 students, 59% FRL) — zoned schools average 69% FRL vs 52% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 36% at this address vs 50% district-wide (-13 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 (+1.8%/yr); 576 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 120d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $933 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 + 1.8% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 206 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
- Current owner paid $53k; list at $135k implies a 155% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 24% 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.
Questions for the listing agent
- It's been on market 206 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.
- Schools are B-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?
- Crime grade is D 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
- 1.85% ✓
- Cap rate
- 11.09%
- Cash-on-cash
- 17.12%
- DSCR
- 1.76
- GRM
- 4.5
CMA / ARV
- ARV (median comp)
- $203,877
- List price
- $135,000
- Delta
- -33.78%
- 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 |
|---|---|---|---|---|---|---|---|
| 1200 NW 18th Ave | 0.22mi | 2/2.0 | 1,434 (+7%) | 0mo | $619,000 | $432 | 77 |
| 1610 NW 18th Ave Unit 96d | 0.05mi | 2/2.0 | 1,104 (-17%) | 0mo | $139,000 | $126 | 72 |
| 898 NW 23rd Ln | 0.52mi | 2/2.0 | 1,430 (+7%) | 1mo | $344,000 | $241 | 63 |
| 920 South Dr Unit A | 1.22mi | 2/2.0 | 1,295 (-3%) | 1mo | $157,500 | $122 | 59 |
| 818 NW 26th Ave | 0.68mi | 2/2.0 | 1,435 (+8%) | 0mo | $450,000 | $314 | 56 |
| 31 Stratford Ln W Unit A | 1.03mi | 2/2.0 | 1,429 (+7%) | 0mo | $179,900 | $126 | 53 |
| 900 NW 30th Ave Unit C | 0.82mi | 2/2.0 | 1,188 (-11%) | 0mo | $212,000 | $178 | 46 |
| 3336 Ave Villandry | 1.13mi | 3/2.0 (+1) | 1,460 (+9%) | 0mo | $480,000 | $329 | 44 |
| 302 Washington Ave | 0.95mi | 2/2.0 | 1,163 (-13%) | 1mo | $308,000 | $265 | 43 |
| 1632 Palmland Dr | 1.20mi | 2/2.0 | 1,114 (-17%) | 0mo | $235,000 | $211 | 40 |
| 51 Stratford Ln W Unit B | 1.11mi | 3/2.0 (+1) | 1,622 (+22%) | 0mo | $249,900 | $154 | 35 |
| 1097 Circle Ter W Unit C | 1.36mi | 1/1.5 (-1) | 1,080 (-19%) | 0mo | $105,000 | $97 | 33 |
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 · 1.83% rent growth · sell at horizon
- IRR
- 6.8%
- Equity multiple
- 1.26×
- Total profit
- $9,910
- Equity at exit
- $20,129
- IRR
- 14.9%
- Equity multiple
- 2.13×
- Total profit
- $42,615
- Equity at exit
- $11,672
Cash invested: $37,800 (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
- 3 active · 8 under contract
- Median asking
- $159,900 ($113/sqft)
- Median days on market
- 67 d
- This list price
- 33% of active listings are priced below it
- ARV vs active asking
- +35.7% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33445
- Rents YoY
- 1.8%
- Active inventory
- 576
- Price-to-rent
- 4.5×
Monthly cashflow live
- Estimated rent
- $2,495 high interval (Pro) →
- Mortgage (P&I)
- −$708
- Tax from tax record
- −$69 /mo · $824/yr
- Insurance
- −$56
- HOA
- −$599
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$524
- Net cashflow
- $539
Break-even live
Sensitivity live
| Price | -10% $616 | -5% $577 | +0% $539 | +5% $501 | +10% $463 |
|---|---|---|---|---|---|
| Rent | -10% $342 | -5% $441 | +0% $539 | +5% $638 | +10% $736 |
| Rate | -1.0pp $607 | -0.5pp $574 | base $539 | +0.5pp $504 | +1.0pp $469 |
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
- $33,750
- Closing costs
- $4,050
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1551 NW 20th Ave #102 Delray Beach, FL | 2.0 | 2.0 | 1148 | $1,895 | $1.65 | 119d | 1 | 0.02mi |
| 1860 NW 13th St #201 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,800 | $2.10 | 165d | 1 | 0.04mi |
| 1830 NW 18th St Delray Beach, FL | 2.0 | 2.0 | 1335 | $1,695 | $1.27 | 10d | 1 | 0.04mi |
| 1830 NW 18th St Delray Beach, FL | 2.0 | 2.0 | 1335 | $1,695 | $1.27 | 55d | 1 | 0.04mi |
| 1520 NW 19th Ter #203 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,000 | $1.50 | 64d | 1 | 0.04mi |
| 1520 NW 19th Ter #203 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,000 | $1.50 | 76d | 1 | 0.04mi |
| 1520 NW 19th Ter #203 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,200 | $1.65 | 10d | 1 | 0.04mi |
| 1560 NW 18th Ave #104 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,100 | $1.83 | 163d | 1 | 0.05mi |
| 1560 NW 18th Ave #104 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,100 | $1.83 | 10d | 1 | 0.05mi |
| 1441 NW 19th Ter #201 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,175 | $1.89 | 96d | 1 | 0.06mi |
| 1640 NW 19th Ter #103 Delray Beach, FL | 2.0 | 2.0 | 1148 | $1,950 | $1.70 | 163d | 1 | 0.06mi |
| 1640 NW 19th Ter #103 Delray Beach, FL | 2.0 | 2.0 | 1148 | $1,950 | $1.70 | 148d | 1 | 0.06mi |
| 1440 NW 20th Ave #104 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,650 | $1.99 | 154d | 1 | 0.09mi |
| 1641 NW 19th Ter Unit 46A Delray Beach, FL | 2.0 | 2.0 | 1104 | $2,000 | $1.81 | 159d | 1 | 0.09mi |
| 1930 NW 18th St #203 Delray Beach, FL | 2.0 | 2.0 | 1335 | $4,000 | $3.00 | 36d | 1 | 0.11mi |
| 1341 NW 20th Ave #203 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,600 | $1.95 | 20d | 1 | 0.14mi |
| 1340 NW 18th Ave #202 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,050 | $1.79 | 94d | 1 | 0.15mi |
| 1631 NW 18th Ave #201 Delray Beach, FL | 2.0 | 2.0 | 1148 | $3,200 | $2.79 | 19d | 1 | 0.17mi |
| 1631 NW 18th Ave #201 Delray Beach, FL | 2.0 | 2.0 | 1148 | $3,200 | $2.79 | 10d | 1 | 0.17mi |
| 1631 NW 18th Ave #201 Delray Beach, FL | 2.0 | 2.0 | 1148 | $3,300 | $2.87 | 165d | 1 | 0.17mi |
| 1950 NW 13th St #203 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,000 | $1.74 | 10d | 1 | 0.21mi |
| 1950 NW 13th St #203 Delray Beach, FL | 2.0 | 2.0 | 1148 | $2,000 | $1.74 | 17d | 1 | 0.21mi |
| 1841 NW 18th Ave #201 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,000 | $1.50 | 24d | 1 | 0.22mi |
| 1841 NW 18th Ave #201 Delray Beach, FL | 2.0 | 2.0 | 1335 | $2,000 | $1.50 | 10d | 1 | 0.22mi |
| 1630 NW 22nd Ave Delray Beach, FL | 3.0 | 2.0 | 1560 | $4,200 | $2.69 | 165d | 1 | 0.29mi |
| 1630 NW 22nd Ave Delray Beach, FL | 3.0 | 2.0 | 1560 | $4,200 | $2.69 | 138d | 1 | 0.29mi |
| 1330 NW 22nd Ave Delray Beach, FL | 2.0 | 2.0 | 1335 | $3,500 | $2.62 | 72d | 1 | 0.31mi |
| 1080 NW 19th Ter Delray Beach, FL | 3.0 | 2.0 | 1603 | $3,200 | $2.00 | 53d | 1 | 0.32mi |
| 1080 NW 19th Ter Delray Beach, FL | 3.0 | 2.0 | 1603 | $3,200 | $2.00 | 3d | 1 | 0.32mi |
| 1770 NW 22nd Ave Delray Beach, FL | 3.0 | 2.0 | 1850 | $7,000 | $3.78 | 157d | 1 | 0.34mi |
| 340 Lake Monterey Cir Boynton Beach, FL | 2.0 | 2.5 | 1188 | $2,195 | $1.85 | 57d | 1 | 0.34mi |
| 169 Monterey Bay Dr Boynton Beach, FL | 3.0 | 2.5 | 1389 | $2,800 | $2.02 | 155d | 1 | 0.36mi |
| 169 Monterey Bay Dr Boynton Beach, FL | 3.0 | 2.5 | 1389 | $2,800 | $2.02 | 165d | 1 | 0.36mi |
| 169 Monterey Bay Dr Boynton Beach, FL | 3.0 | 2.5 | 1389 | $2,800 | $2.02 | 119d | 1 | 0.36mi |
| 169 Monterey Bay Dr Boynton Beach, FL | 3.0 | 2.5 | 1389 | $2,800 | $2.02 | 138d | 1 | 0.36mi |
| 169 Monterey Bay Dr Boynton Beach, FL | 3.0 | 2.5 | 1389 | $2,800 | $2.02 | 130d | 1 | 0.36mi |
| 161 Monterey Bay Dr #161 Boynton Beach, FL | 2.0 | 2.5 | 1188 | $2,300 | $1.94 | 165d | 1 | 0.37mi |
| 161 Monterey Bay Dr #161 Boynton Beach, FL | 2.0 | 2.5 | 1188 | $2,200 | $1.85 | 144d | 1 | 0.37mi |
| 161 Monterey Bay Dr #161 Boynton Beach, FL | 2.0 | 2.5 | 1188 | $2,250 | $1.89 | 154d | 1 | 0.37mi |
| 161 Monterey Bay Dr Boynton Beach, FL | 2.0 | 2.5 | 1188 | $2,300 | $1.94 | 144d | 1 | 0.37mi |
Property features AI
Finance
- HOA & community
- Association: PINES OF DELRAY NORTHMonthly association fee of $599Association fee includes cable TV, insurance, security, trash, water, and pool serviceCommunity amenities: fitness center, game room, parking, pool, community room, pickleball courts, gatedSenior community
Exterior
- Parking
- 1 parking space
- Security
- Gated with guardSecurity patrol
- Utilities
- Public waterPublic sewerCable connectedElectricity connectedWater connectedSewer connected
- Home design
- CondominiumResale propertyFaces north2 total storiesUnit in building number 43
- Construction
- CBS constructionComposition roof
- Exterior features
- Not waterfrontGated community with guard and security patrol
Interior
- Kitchen
- Electric rangeDishwasherGarbage disposalRefrigerator
- Bedrooms
- 2 bedrooms on the main level
- Flooring
- CarpetCeramic tile
- Bathrooms
- 2 full bathrooms on the main level
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Walk-in closets
- Laundry & utility
- Laundry area in the kitchenElectric water heater
HOA detail $599/mo · $7,188/yr condo
- Likely covers
- watersewerinternetcableinsurancepoolgymsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-11-08days on market $135,000 Active 206 DOM
-
2026-11-07days on market $135,000 Active 205 DOM
-
2026-11-07days on market $135,000 Active 204 DOM
-
2026-11-05days on market $135,000 Active 203 DOM
-
2026-11-04days on market $135,000 Active 202 DOM
-
2026-11-02days on market $135,000 Active 200 DOM
-
2026-11-01days on market $135,000 Active 199 DOM
-
2026-10-31days on market $135,000 Active 198 DOM
-
2026-10-30days on market $135,000 Active 197 DOM
-
2026-10-29days on market $135,000 Active 196 DOM
-
2026-10-28days on market $135,000 Active 195 DOM
-
2026-10-27days on market $135,000 Active 194 DOM
-
2026-10-26days on market $135,000 Active 193 DOM
-
2026-10-26days on market $135,000 Active 192 DOM
-
2026-10-24days on market $135,000 Active 191 DOM
-
2026-10-23days on market $135,000 Active 190 DOM
-
2026-10-22days on market $135,000 Active 189 DOM
-
2026-10-21days on market $135,000 Active 188 DOM
-
2026-10-20days on market $135,000 Active 187 DOM
-
2026-10-19days on market $135,000 Active 186 DOM
-
2026-10-18days on market $135,000 Active 185 DOM
-
2026-10-17days on market $135,000 Active 184 DOM
-
2026-10-16days on market $135,000 Active 183 DOM
-
2026-10-15days on market $135,000 Active 182 DOM
-
2026-10-14days on market $135,000 Active 181 DOM
-
2026-10-13days on market $135,000 Active 180 DOM
-
2026-10-12days on market $135,000 Active 179 DOM
-
2026-10-11days on market $135,000 Active 178 DOM
-
2026-10-10days on market $135,000 Active 177 DOM
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2026-10-09days on market $135,000 Active 176 DOM
-
2026-10-08days on market $135,000 Active 175 DOM
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2026-10-07days on market $135,000 Active 174 DOM
-
2026-10-06days on market $135,000 Active 173 DOM
-
2026-10-05days on market $135,000 Active 172 DOM
-
2026-10-04days on market $135,000 Active 171 DOM
-
2026-10-04days on market $135,000 Active 170 DOM
-
2026-10-02days on market $135,000 Active 169 DOM
-
2026-10-01days on market $135,000 Active 168 DOM
-
2026-09-30days on market $135,000 Active 167 DOM
-
2026-09-29days on market $135,000 Active 166 DOM
-
2026-09-28days on market $135,000 Active 165 DOM
-
2026-09-27days on market $135,000 Active 164 DOM
-
2026-09-25days on market $135,000 Active 162 DOM
-
2026-09-24days on market $135,000 Active 161 DOM
-
2026-09-23days on market $135,000 Active 160 DOM
-
2026-09-22days on market $135,000 Active 159 DOM
-
2026-09-21days on market $135,000 Active 158 DOM
-
2026-09-20days on market $135,000 Active 157 DOM
-
2026-09-18days on market $135,000 Active 155 DOM
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2026-09-17days on market $135,000 Active 154 DOM
ⓘ 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
- $824 · $69/mo
- Projected year-2 tax
- $1,120 · $93/mo
- Expected delta
- +$296/yr (+$25/mo · 36.0%)
ⓘ 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 · 26 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 · 2 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
- $29,941
- − Mortgage interest
- −$7,562
- − Property taxes
- −$824
- − Insurance
- −$675
- − Repairs & maintenance
- −$2,395
- − Management
- −$2,395
- − HOA
- −$7,188
- − Depreciation
- −$3,927
- Taxable income
- $4,974
- Est. tax owed @ 24.0%
- −$1,194
- After-tax cash flow
- $5,277/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
This 2-bedroom, 2-bathroom townhouse in a desirable community is in fair condition with some minor repairs and maintenance needed. Painting the exterior and interior walls and landscaping the property can significantly increase its value.
Components & finishes AI
Repairs flagged
- Minor Landscaping — The vegetation appears to be overgrown and could benefit from trimming and maintenance.
Value-add opportunities
- Both Painting the exterior and interior walls — Painting the exterior and interior walls can improve the curb appeal and interior aesthetics, which can increase both resale and rental value. ↑
- Both Landscaping and trimming the vegetation — Landscaping and trimming the vegetation can improve the curb appeal and overall aesthetics of the property, which can increase both resale and rental 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 — Delray Beach
- Score
- 77/100
- State rank
- #202
- US rank
- #3160
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Delray Beach, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 123,167
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 33,122
- Household income
- $78,163
- Rent vs Own
- Severe rent burden
- 14% 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 0.62)
- Race & ethnicity
- White 55% Black 24% Hispanic / Latino 11% Two or more races 11% Asian 4%
- Hispanic origin (detail)
- Puerto Rican 3% Cuban 2%
- Languages at home
- 66% English-only · French/Haitian/Cajun 18% Spanish 9% Other Indo-European 4%
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
- ▼ -258.16%
- Current HPI
- 349.5505
- Rent YoY
- ▲ 1.83%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+164.2% since first listed3 events — show timeline
- 2026-05-16 Price Changed $140,000 Beaches MLS
- 2026-04-16 Listed $165,000 Beaches MLS
- 1982-12-01 Sold (Public Records) $53,000 Public Records
Property tax history
+2.5%/yrLatest (2025): $824 · +3.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…