12004 Poinciana Blvd #108 · Royal Palm Beach, FL 33411

$79,995

1 bd · 1.5 ba · 660 sqft · Condo public records · 201 Days on market

Built 1972 $578/mo HOA · 34% of rent

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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 +24.8/30.0
• 1% rule +10.0/10.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

''PRICED APPROX $45K BELOW MARKET. .. .. GREAT FIRST FLOOR END UNIT. 55+ COMMUNITY. BOASTING 1 LARGE BEDROOM WITH ENCLOSED PATIO. BRIGHT OPEN LIVING SPACE. LARGE WALK IN CLOSET IN OWNERS SUITE. COMMUNITY FEATURES; CLUBHOUSE, POOL, SIDEWALKS ETC. SHORT WALK TO COMMONS 60 ACRE PARK. CLOSE TO TWO MAJOR HOSPITALS, PALMS WEST & WELLINGTON REGIONAL. SHOPPING & DINING JUST MINS AWAY. NOTE: PROPERTY IS BEING SOLD AS IS. GREAT OPPORTUNITY !!!

Key facts

• Clubhouse
• First floor end unit
• Pool

Tags

• FIRST FLOOR END UNIT
• ENCLOSED PATIO
• WALK IN CLOSET
• CLUBHOUSE
• POOL
• SIDEWALKS

Property features AI

Finance

• HOA & community: Community has clubhouse and pool; Monthly HOA fee; HOA covers insurance and common areas; Senior community

Exterior

• Parking: 1 open parking space
• Utilities: Public water; Public sewer; Three-phase electric; Sewer available; Water available
• Home design: Condominium; One-story; Faces southwest; Resale unit
• Construction: CBS construction
• Exterior features: Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#135 in FL, #2,039 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: cost of living C-, amenities F, commute 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: Cypress Trails Elementary School (math 52% / reading 62%, grade C+, #781 of 2,144 statewide, top 38%, 492 students, 53% FRL); Crestwood Community Middle (math 49% / reading 52%, grade C, #246 of 571 statewide, top 44%, 724 students, 50% FRL); Royal Palm Beach High School (math 22% / reading 38%, grade F, #441 of 667 statewide, top 67%, 2,343 students, 57% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: Rents flat; 581 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 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 $9k of equity ($553 loan paydown + $8k appreciation (10.0% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 0.8% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 11y ago; this cycle's ask has dropped $15k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $44k; list at $80k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• 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 $70,395 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 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 1972 — 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. 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. 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?
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: 2.11% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.01%
• DSCR: 1.40
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: 29.4%
• Equity multiple: 3.28×
• Total profit: $51,101
• Equity at exit: $72,066

10-year hold

• IRR: 24.4%
• Equity multiple: 7.08×
• Total profit: $136,214
• Equity at exit: $155,413

Cash invested: $22,399 (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 33411

• Home prices YoY: 1.9%
• Rents YoY: 0.8%
• Active inventory: 581
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,691 high
• Mortgage (P&I): −$420
• Tax from tax record: −$137 /mo · $1,644/yr
• Insurance: −$33
• HOA: −$578
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $168

Break-even live

Break-even rent $1,478

Max offer price $79,995

Occupancy floor 85%

Sensitivity live

Price	-10% $213	-5% $191	+0% $168	+5% $146	+10% $123
Rent	-10% $35	-5% $101	+0% $168	+5% $235	+10% $302
Rate	-1.0pp $208	-0.5pp $189	base $168	+0.5pp $147	+1.0pp $126

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: $19,999
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
149 West Ct Royal Palm Beach, FL	1.0	1.0	648	$1,800	$2.78	0d	1	0.07mi
149 West Ct Royal Palm Beach, FL	1.0	1.0	648	$1,800	$2.78	12d	1	0.07mi
12009 Poinciana Blvd #102 Royal Palm Beach, FL	1.0	1.0	660	$1,500	$2.27	25d	1	0.08mi
12021 W Greenway Dr #101 Royal Palm Beach, FL	1.0	1.5	660	$1,400	$2.12	25d	1	0.12mi
11020 Town Cir Wellington, FL	1.0–3.0	1.0–2.0	1013	$2,146	$2.12	2d	14	1.42mi

HOA detail condo

• Monthly dues: $578 · $6,936/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-21
   days on market $79,995 Active 201 DOM
2. 2026-06-18
   days on market $79,995 Active 198 DOM
3. 2026-06-17
   days on market $79,995 Active 197 DOM
4. 2026-06-16
   days on market $79,995 Active 196 DOM
5. 2026-06-15
   days on market $79,995 Active 195 DOM
6. 2026-06-13
   days on market $79,995 Active 193 DOM
7. 2026-06-09
   days on market $79,995 Active 189 DOM
8. 2026-06-07
   days on market $79,995 Active 187 DOM
9. 2026-06-04
   days on market $79,995 Active 184 DOM
10. 2026-06-03
    days on market $79,995 Active 183 DOM
11. 2026-06-01
    days on market $79,995 Active 181 DOM
12. 2026-05-31
    days on market $79,995 Active 180 DOM
13. 2026-04-01
    price $79,995
14. 2026-04-01
    price $79,900
15. 2026-03-09
    status Active
16. 2026-03-03
    historical Active Under Contract
17. 2026-02-03
    price $83,000
18. 2026-01-26
    price $83,500
19. 2025-12-07
    price $85,000
20. 2025-12-02
    listed $95,000 Active
21. 2025-10-08
    historical
22. 2025-09-15
    price $85,000
23. 2025-08-27
    price $88,000
24. 2025-06-30
    price $89,950
25. 2025-06-23
    price $91,350
26. 2025-06-10
    price $92,500
27. 2025-05-16
    listed $95,000 Active
28. 2025-04-03
    historical
29. 2025-03-05
    price $97,500
30. 2025-02-17
    price $115,000
31. 2025-02-04
    listed $119,500 Active
32. 2025-01-16
    historical
33. 2024-12-16
    price $114,900
34. 2024-12-11
    price $115,000
35. 2024-11-22
    status Active
36. 2024-10-26
    historical Active Under Contract
37. 2024-10-17
    price $119,900
38. 2024-10-13
    price $122,500
39. 2024-09-19
    price $124,900
40. 2024-08-04
    price $139,900
41. 2024-07-22
    price $145,888
42. 2024-06-30
    price $149,888
43. 2024-06-10
    price $159,900
44. 2024-05-28
    listed $169,900 Active
45. 2016-10-18
    soldstatus $44,000
46. 2016-10-13
    soldstatus $44,000 Closed
47. 2016-08-29
    status Pending
48. 2016-08-24
    listed $49,900 Active
49. 2016-06-23
    historical
50. 2016-03-09
    price $54,900

ⓘ 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: $1,644 · $137/mo
• Projected year-2 tax: $1,644 · $137/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 ≥107°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: $20,294
• − Mortgage interest: −$4,481
• − Property taxes: −$1,644
• − Insurance: −$400
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − HOA: −$6,936
• − Depreciation: −$2,327
• Taxable income: $1,259
• Est. tax owed @ 24.0%: −$302
• After-tax cash flow: $1,716/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 — Royal Palm Beach

• Score: 79/100
• State rank: #135
• US rank: #2039

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Royal Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 75,299
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 76,863
• Household income: $92,591
• Rent vs Own: 20.5% rent · 79.5% own
• Severe rent burden: 1870.0

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 0.70)
• Race & ethnicity: White 44% Hispanic / Latino 24% Black 23% Two or more races 16% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 6% Romanian 2% Italian 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 17% French/Haitian/Cajun 4% Other Indo-European 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: ▲ 17.04%
• Current HPI: 903.78
• Rent YoY: ▲ 0.85%
• 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

+220.0% since first listed

47 events — show timeline

• 2026-04-01 Price Changed $79,995 Beaches MLS
• 2026-04-01 Price Changed $79,900 Beaches MLS
• 2026-03-09 Relisted — Beaches MLS
• 2026-03-03 Contingent — Beaches MLS
• 2026-02-03 Price Changed $83,000 Beaches MLS
• 2026-01-26 Price Changed $83,500 Beaches MLS
• 2025-12-07 Price Changed $85,000 Beaches MLS
• 2025-12-02 Listed $95,000 Beaches MLS
• 2025-10-08 Listing Removed — Beaches MLS
• 2025-09-15 Price Changed $85,000 Beaches MLS
• 2025-08-27 Price Changed $88,000 Beaches MLS
• 2025-06-30 Price Changed $89,950 Beaches MLS
• 2025-06-23 Price Changed $91,350 Beaches MLS
• 2025-06-10 Price Changed $92,500 Beaches MLS
• 2025-05-16 Listed $95,000 Beaches MLS
• 2025-04-03 Listing Removed — Beaches MLS
• 2025-03-05 Price Changed $97,500 Beaches MLS
• 2025-02-17 Price Changed $115,000 Beaches MLS
• 2025-02-04 Listed $119,500 Beaches MLS
• 2025-01-16 Listing Removed — Beaches MLS
• 2024-12-16 Price Changed $114,900 Beaches MLS
• 2024-12-11 Price Changed $115,000 Beaches MLS
• 2024-11-22 Relisted — Beaches MLS
• 2024-10-26 Contingent — Beaches MLS
• 2024-10-17 Price Changed $119,900 Beaches MLS
• 2024-10-13 Price Changed $122,500 Beaches MLS
• 2024-09-19 Price Changed $124,900 Beaches MLS
• 2024-08-04 Price Changed $139,900 Beaches MLS
• 2024-07-22 Price Changed $145,888 Beaches MLS
• 2024-06-30 Price Changed $149,888 Beaches MLS
• 2024-06-10 Price Changed $159,900 Beaches MLS
• 2024-05-28 Listed $169,900 Beaches MLS
• 2016-10-18 Sold (Public Records) $44,000 Public Records
• 2016-10-13 Sold (MLS) $44,000 Beaches MLS
• 2016-08-29 Pending — Beaches MLS
• 2016-08-24 Listed $49,900 Beaches MLS
• 2016-06-23 Listing Removed — Beaches MLS
• 2016-03-09 Price Changed $54,900 Beaches MLS
• 2016-03-09 Listed $49,900 Beaches MLS
• 2015-09-02 Sold (Public Records) $45,000 Public Records
• 2015-08-28 Sold (MLS) $45,000 Beaches MLS
• 2015-08-05 Pending — Beaches MLS
• 2015-07-15 Relisted — Beaches MLS
• 2015-07-02 Contingent — Beaches MLS
• 2015-07-01 Price Changed $47,000 Beaches MLS
• 2015-07-01 Listed $47 Beaches MLS
• 1995-07-06 Sold (Public Records) $25,000 Public Records

Property tax history

+22.2%/yr

Latest (2025): $1,644 · +5.5% YoY. Source: county tax records.