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12004 Poinciana Blvd #108
B Composite 72.06
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 +19.6/30.0
  • ARV discount +15.0/15.0
  • Appreciation +10.0/10.0
  • 1% rule +7.5/10.0
  • DSCR +6.4/10.0
  • Schools +4.6/10.0
  • Livability +4.0/5.0
  • Rent growth +2.7/5.0
  • Condition / age +2.2/5.0

$79,995

12004 Poinciana Blvd #108 · Royal Palm Beach, FL 33411
1 bd · 1.5 ba · 660 sqft · Condo public records · 202 Days on market
55+ age-restricted Built 1972 Fair condition $121/sqft · 32% below area Est $118k · 32% under $578/mo HOA · 34% of rent

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

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 UNITENCLOSED PATIOWALK IN CLOSETCLUBHOUSEPOOLSIDEWALKS

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/1.5-bath condo listed at $80k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $161 ($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; 788 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 75d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 88% 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

  • 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 202 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 202 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. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. 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?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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.
  10. 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.
  11. 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
2.10%
Cap rate
8.71%
Cash-on-cash
8.62%
DSCR
1.38
GRM
4.0

CMA / ARV

ARV (median comp)
$118,025
List price
$79,995
Delta
-32.22%
Verdict
UNDERPRICED
Comps
17 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
12020 W Greenway Dr #102 0.14mi 1/1.5 660 (0%) 2mo $115,560 $175 92
12009 Poinciana Blvd #103 0.11mi 1/1.5 660 (0%) 32mo $125,000 $189 75
96 East Ct 0.10mi 1/1.0 608 (-8%) 9mo $105,000 $173 73
141 West Ct 0.10mi 1/1.0 764 (+16%) 1mo $150,000 $196 68
12014 W Greenway Cir S #108 0.19mi 1/1.5 600 (-9%) 30mo $100,000 $167 56
2 N Greenway Vlg N #112 0.18mi 1/1.5 780 (+18%) 35mo $154,000 $197 46
94 E East Ct 0.09mi 2/2.0 (+1) 801 (+21%) 33mo $150,000 $187 44
757 Orchid Dr 0.52mi 2/1.0 (+1) 725 (+10%) 17mo $315,000 $434 38
120 Sparrow Dr #105 0.51mi 2/2.0 (+1) 793 (+20%) 35mo $205,000 $259 24

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

Projected returns pro-forma

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

5-year hold
IRR
29.1%
Equity multiple
3.26×
Total profit
$50,657
Equity at exit
$72,066
10-year hold
IRR
24.2%
Equity multiple
7.04×
Total profit
$135,307
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.

Active competition Active MLS

For sale now
1 active · 2 under contract
Median asking
$199,000 ($251/sqft)
Median days on market
300 d
This list price
lowest-priced of the active set
ARV vs active asking
-28.7% vs current asking $/sqft

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

ZIP-level market 33411

Home prices YoY
1.9%
Rents YoY
0.8%
Active inventory
788
Price-to-rent
4.0×

Monthly cashflow live

Estimated rent
$1,682 high interval (Pro) →
Mortgage (P&I)
$420
Tax from tax record
$137 /mo · $1,644/yr
Insurance
$33
HOA
$578
Vacancy / Maint / Mgmt
$353
Net cashflow
$161

Break-even live

Break-even rent $1,478
Max offer price $79,995
Occupancy floor 85%

Sensitivity live

Price -10% $206 -5% $184 +0% $161 +5% $138 +10% $116
Rent -10% $28 -5% $94 +0% $161 +5% $227 +10% $294
Rate -1.0pp $201 -0.5pp $181 base $161 +0.5pp $140 +1.0pp $119

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

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 8 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
149 West Ct Royal Palm Beach, FL 1.0 1.0 648 $1,700 $2.62 62d 1 0.07mi
149 West Ct Royal Palm Beach, FL 1.0 1.0 648 $1,800 $2.78 95d 1 0.07mi
149 West Ct #149 Royal Palm Beach, FL 1.0 1.0 648 $1,700 $2.62 48d 1 0.07mi
12009 Poinciana Blvd #102 Royal Palm Beach, FL 1.0 1.0 660 $1,500 $2.27 120d 1 0.08mi
12021 W Greenway Dr #101 Royal Palm Beach, FL 1.0 1.5 660 $1,400 $2.12 120d 1 0.12mi
126 Sparrow Dr Unit 11B Royal Palm Beach, FL 1.0 1.5 750 $1,500 $2.00 42d 1 0.56mi
11020 Town Cir Wellington, FL 1.0–3.0 1.0–2.0 1006 $2,145 $2.13 0d 11 1.42mi
135 Ponce de Leon St Royal Palm Beach, FL 1.0 1.0 600 $1,500 $2.50 74d 1 1.46mi

Property features AI

Finance

HOA & community
Community has clubhouse and poolMonthly HOA feeHOA covers insurance and common areasSenior community

Exterior

Parking
1 open parking space
Utilities
Public waterPublic sewerThree-phase electricSewer availableWater available
Home design
CondominiumOne-storyFaces southwestResale unit
Construction
CBS construction
Exterior features
Not waterfront

Interior

Kitchen
DishwasherElectric rangeRefrigerator
Bedrooms
1 bedroom on the main level
Flooring
Laminate flooring
Bathrooms
1 full bathroom1 half bathroom
Heating & cooling
Central electric heatingCentral air conditioningCeiling fan(s)
Interior features
Walk-in closet(s)

HOA detail $578/mo · $6,936/yr condo

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

Listing history 50 events

  1. 2026-06-22
    days on market $79,995 Active 202 DOM
  2. 2026-06-21
    days on market $79,995 Active 201 DOM
  3. 2026-06-18
    days on market $79,995 Active 198 DOM
  4. 2026-06-17
    days on market $79,995 Active 197 DOM
  5. 2026-06-16
    days on market $79,995 Active 196 DOM
  6. 2026-06-15
    days on market $79,995 Active 195 DOM
  7. 2026-06-13
    days on market $79,995 Active 193 DOM
  8. 2026-06-09
    days on market $79,995 Active 189 DOM
  9. 2026-06-07
    days on market $79,995 Active 187 DOM
  10. 2026-06-04
    days on market $79,995 Active 184 DOM
  11. 2026-06-03
    days on market $79,995 Active 183 DOM
  12. 2026-06-01
    days on market $79,995 Active 181 DOM
  13. 2026-05-31
    days on market $79,995 Active 180 DOM
  14. 2026-04-01
    price $79,995
  15. 2026-04-01
    price $79,900
  16. 2026-03-09
    status Active
  17. 2026-03-03
    historical Active Under Contract
  18. 2026-02-03
    price $83,000
  19. 2026-01-26
    price $83,500
  20. 2025-12-07
    price $85,000
  21. 2025-12-02
    listed $95,000 Active
  22. 2025-10-08
    historical
  23. 2025-09-15
    price $85,000
  24. 2025-08-27
    price $88,000
  25. 2025-06-30
    price $89,950
  26. 2025-06-23
    price $91,350
  27. 2025-06-10
    price $92,500
  28. 2025-05-16
    listed $95,000 Active
  29. 2025-04-03
    historical
  30. 2025-03-05
    price $97,500
  31. 2025-02-17
    price $115,000
  32. 2025-02-04
    listed $119,500 Active
  33. 2025-01-16
    historical
  34. 2024-12-16
    price $114,900
  35. 2024-12-11
    price $115,000
  36. 2024-11-22
    status Active
  37. 2024-10-26
    historical Active Under Contract
  38. 2024-10-17
    price $119,900
  39. 2024-10-13
    price $122,500
  40. 2024-09-19
    price $124,900
  41. 2024-08-04
    price $139,900
  42. 2024-07-22
    price $145,888
  43. 2024-06-30
    price $149,888
  44. 2024-06-10
    price $159,900
  45. 2024-05-28
    listed $169,900 Active
  46. 2016-10-18
    soldstatus $44,000
  47. 2016-10-13
    soldstatus $44,000 Closed
  48. 2016-08-29
    status Pending
  49. 2016-08-24
    listed $49,900 Active
  50. 2016-06-23
    historical

ⓘ 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$20,183
− Mortgage interest
−$4,481
− Property taxes
−$1,644
− Insurance
−$400
− Repairs & maintenance
−$1,615
− Management
−$1,615
− HOA
−$6,936
− Depreciation
−$2,327
Taxable income
$1,166
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$280
After-tax cash flow
$1,651/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 Moderate rehab Est. rehab $16,500–$29,700 screening

The home is in fair condition with some minor repairs and maintenance needed. Painting and landscaping improvements can significantly increase its value.

Components & finishes AI

Roof tile · good Flooring tile Appliances stainless steel

Deferred maintenance Est. $3,500–$14,000 screening

  • Minor Roof (roof) — No visible signs of damage or wear on the roof.
  • Minor Hvac (hvac) — No visible signs of damage or wear on the HVAC unit.
  • Minor Windows (windows) — No visible signs of damage or wear on the windows.
  • Minor Electrical (electrical) — No visible signs of damage or wear on the electrical system.
  • Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing system.
  • Minor Exterior (exterior) — No visible signs of damage or wear on the exterior.
  • Minor Other — No visible signs of damage or wear on other components.

Repairs flagged

  • Minor Paint — The paint on the interior walls and exterior siding appears to be in fair condition, but could benefit from touch-ups.
  • Minor Landscaping — The landscaping could benefit from some maintenance and trimming to improve curb appeal.

Value-add opportunities

  • Both Painting the interior and exterior — Painting can significantly improve the home's curb appeal and interior aesthetics, making it more attractive to potential buyers or renters.
  • Both Landscaping improvements — A well-maintained and aesthetically pleasing landscape can enhance the home's curb appeal and increase its value.

ⓘ Rehab cost is a screening estimate — Moderate 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 46/100

Zoned Schools

Elementary Cypress Trails Elementary School C+ FL #781/2,144 Nat'l #8,534/41,679 Middle Crestwood Community Middle C FL #246/571 Nat'l #3,367/14,009 High Royal Palm Beach High School F FL #441/667 Nat'l #10,947/17,239

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
B Composite livability gradescore 79/100

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 · 1,637,487 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
16% 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 0.70)
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

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.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…