2601 NE 3rd Ct #4030 · Boynton Beach, FL 33435

$115,000

2 bd · 2.0 ba · 982 sqft · Condo public records · 131 Days on market

Built 1974 $689/mo HOA · 34% of rent

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Why this score? — see what drove the C 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 +19.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice clean and bright 2/2 furnished condo has newer A/C compressor, air Handler repaired about 3 years ago. Hurricane Impact windows in Florida Room & in master bedroom. newer flooring and carpet 2 reclining chairs in family room and a sleeper sofa in second bedroom. TVs and a newer refrigerator in the kitchen. Enjoy the Florida lifestyle in active 55+ community- 2 beautiful clubhouses with 2 pools, jacuzzi, tennis courts, shuffleboard, indoor theater with free movies weekly, entertainment throughout the year, library, pool, ping pong, card rooms, exercise gym in 2nd clubhouse exercise classes too and much more. . Conveniently located in Boynton Beach near shopping mall, movies, restaurants and tri-rail station & near beach, Enjoy Florida paradise living year round Come see now!

Key facts

• Solid wood cabinets
• Walk in closets
• Impact windows

Tags

• IMPACT WINDOWS
• FULLY REMODELED BATHROOMS
• SOLID WOOD CABINETS
• WHITE CORIAN COUNTERTOPS
• WALK IN CLOSETS
• ENCLOSED INDOOR PATIO

Property features AI

Finance

• Other: Pets: conditional (restrictions or possible restrictions)
• HOA & community: Monthly association fee; Association fee covers cable TV, internet, laundry, grounds maintenance, building maintenance, parking, pest control, pool(s), recreation facilities, roof, sewer, security, trash and water; Community amenities include clubhouse, fitness center, laundry, library, barbecue, picnic area, pickleball, pool and elevators; Senior community

Exterior

• Parking: Assigned parking; Guest parking; One assigned space
• Security: Closed-circuit camera system; Elevator secured; Security guard; Smoke detectors
• Utilities: Cable available
• Home design: Attached property; 4-story building; Entry located at unit 403
• Construction: Block construction; Effective year built
• Exterior features: Courtyard; Barbecue area; Fruit trees; Tennis court(s); Association pool (heated)

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Icemaker; Electric water heater
• Flooring: Carpet; Ceramic tile; Hardwood; Tile; Vinyl; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Impact glass windows; Elevator; Accessible elevator installed; Closet cabinetry; Eat-in kitchen; Family/Dining room; Living/Dining room; Pantry
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $122 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 4.3% in Boynton 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 72/100 on livability (#351 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, cost of living B; Watch: amenities D+, crime D-, 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.
• Market conditions: Rents rising (+3.6%/yr); 536 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 36% 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 $795 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $24k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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 1974 — 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. 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?
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: 1.78% ✓
• Cap rate: 7.57%
• Cash-on-cash: 4.56%
• DSCR: 1.20
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.72×
• Total profit: $-9,052
• Equity at exit: $17,147

10-year hold

• IRR: 3.8%
• Equity multiple: 1.30×
• Total profit: $9,526
• Equity at exit: $9,943

Cash invested: $32,200 (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 33435

• Rents YoY: 3.6%
• Active inventory: 536
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,042 high
• Mortgage (P&I): −$603
• Tax from tax record: −$151 /mo · $1,808/yr
• Insurance: −$48
• HOA: −$689
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $122

Break-even live

Break-even rent $1,887

Max offer price $115,000

Occupancy floor 89%

Sensitivity live

Price	-10% $188	-5% $155	+0% $122	+5% $90	+10% $57
Rent	-10% $-39	-5% $42	+0% $122	+5% $203	+10% $284
Rate	-1.0pp $180	-0.5pp $152	base $122	+0.5pp $93	+1.0pp $62

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2601 3rd Ct NE #202 Boynton Beach, FL	2.0	2.0	982	$1,500	$1.53	19d	1	0.02mi
2515 NE 2nd Ct #202 Boynton Beach, FL	2.0	2.0	960	$1,499	$1.56	25d	1	0.05mi
2615 NE 3rd Ct #4030 Boynton Beach, FL	2.0	2.0	960	$1,699	$1.77	5d	1	0.06mi
330 NE 26th Ave Unit 108 Boynton Beach, FL	1.0	1.5	754	$1,375	$1.82	25d	1	0.11mi
330 NE 26th Ave Unit 108 Boynton Beach, FL	1.0	1.5	754	$1,600	$2.12	3d	1	0.11mi
300 NE 26th Ave #1040 Boynton Beach, FL	2.0	2.0	1080	$1,559	$1.44	25d	1	0.13mi
2615 NE 1st Ct #403 Boynton Beach, FL	2.0	2.0	960	$2,100	$2.19	25d	1	0.16mi
2615 NE 1st Ct Boynton Beach, FL	2.0	2.0	960	$1,850	$1.93	19d	2	0.16mi
230 NE 26th Ave #1070 Boynton Beach, FL	1.0	1.5	754	$1,620	$2.15	11d	1	0.21mi
2213 NE 1st Ct #103 Boynton Beach, FL	1.0	1.5	624	$1,350	$2.16	25d	1	0.21mi
230 NE 26th Ave Boynton Beach, FL	1.0–2.0	1.5–2.0	857	$1,650	$1.93	18d	2	0.21mi
2400 NE 1st Ln #206 Boynton Beach, FL	1.0	1.5	754	$1,800	$2.39	15d	1	0.26mi
30 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$2,400	$2.78	19d	1	0.27mi
130 NE 26th Ave #307 Boynton Beach, FL	2.0	2.0	982	$3,500	$3.56	25d	1	0.27mi
2202 NE 3rd St Boynton Beach, FL	3.0	2.0	902	$3,000	$3.33	17d	1	0.28mi
17 Crossings Cir Unit E Boynton Beach, FL	2.0	2.0	864	$1,900	$2.20	25d	1	0.29mi
7 Crossings Cir Boynton Beach, FL	2.0	1.5	864	$2,500	$2.89	25d	1	0.29mi
4 Crossings Cir Unit B Boynton Beach, FL	2.0	1.5	864	$1,950	$2.26	25d	1	0.29mi
14 Crossings Cir Unit E Boynton Beach, FL	2.0	2.0	953	$2,300	$2.41	25d	1	0.31mi
27 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$1,900	$2.20	15d	1	0.31mi
2202 NE 4th St #10 Boynton Beach, FL	2.0	1.0	757	$1,900	$2.51	3d	1	0.34mi
24 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$2,050	$2.37	25d	1	0.36mi
2100 N Seacrest Blvd Boynton Beach, FL	3.0	1.0	1056	$2,900	$2.75	17d	1	0.37mi
108 NE 20th Ave #206 Boynton Beach, FL	2.0	2.0	860	$1,800	$2.09	20d	1	0.37mi
176 Waterside Dr Hypoluxo, FL	3.0	2.0	1024	$2,500	$2.44	20d	1	0.41mi
117 Waterside Dr #117 Hypoluxo, FL	2.0	2.0	768	$2,000	$2.60	25d	1	0.41mi
661 Waterside Dr Hypoluxo, FL	2.0	2.0	768	$2,000	$2.60	25d	1	0.43mi
977 Miner Rd Lantana, FL	3.0	1.0	1100	$3,195	$2.90	3d	1	0.46mi
311 NE 17th Ave #204 Boynton Beach, FL	2.0	2.0	1100	$1,650	$1.50	25d	1	0.48mi
1219 Highland Rd Lantana, FL	3.0	2.0	744	$2,350	$3.16	0d	1	0.50mi
410 NE 17th Ave #101 Boynton Beach, FL	2.0	1.5	1080	$1,500	$1.39	8d	1	0.51mi
1214 Highview Rd Lantana, FL	3.0	2.0	768	$2,300	$2.99	2d	1	0.52mi
2008 S Federal Hwy Unit C207 Boynton Beach, FL	2.0	2.0	963	$2,000	$2.08	25d	1	0.53mi
640 Oak St Boynton Beach, FL	2.0	1.0	765	$2,690	$3.52	8d	1	0.62mi
1820 New Palm Way #201 Boynton Beach, FL	2.0	2.0	873	$3,500	$4.01	25d	1	0.71mi
3265 E Palm Dr Boynton Beach, FL	3.0	2.0	744	$2,600	$3.49	25d	1	0.71mi
1632 N Federal Hwy Boynton Beach, FL	1.0–3.0	1.0–2.0	1098	$2,580	$2.35	0d	19	0.74mi
1097 Wilkinson Rd Unit B Lantana, FL	2.0	1.0	855	$2,200	$2.57	2d	1	0.75mi
1097 Wilkinson Rd Unit B Lantana, FL	2.0	1.0	855	$2,200	$2.57	3d	1	0.75mi
25 S Loafing St Unit 25 Hypoluxo, FL	2.0	1.0	552	$1,500	$2.72	25d	1	0.77mi

HOA detail condo

• Monthly dues: $689 · $8,268/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $115,000 Active 131 DOM
2. 2026-06-17
   days on market $115,000 Active 130 DOM
3. 2026-06-16
   days on market $115,000 Active 129 DOM
4. 2026-06-15
   price $115,000 Active 128 DOM
5. 2026-06-15
   days on market $119,900 Active 128 DOM
6. 2026-06-13
   days on market $119,900 Active 126 DOM
7. 2026-06-09
   days on market $119,900 Active 122 DOM
8. 2026-06-07
   days on market $119,900 Active 120 DOM
9. 2026-06-04
   days on market $119,900 Active 117 DOM
10. 2026-06-03
    days on market $119,900 Active 116 DOM
11. 2026-06-01
    days on market $119,900 Active 114 DOM
12. 2026-05-31
    days on market $119,900 Active 113 DOM
13. 2026-05-03
    price $119,900
14. 2026-03-06
    price $129,900
15. 2026-02-20
    price $134,900
16. 2026-02-07
    listed $139,000 Active
17. 2025-10-01
    historical
18. 2025-09-30
    listed $159,000 Active
19. 2024-06-18
    soldstatus $129,000
20. 2020-06-16
    soldstatus $60,000
21. 2020-06-05
    soldstatus $60,000 Closed 806-char remark

    Show marketing remark (806 chars)

    Nice clean and bright 2/2 furnished condo has newer A/C compressor, air Handler repaired about 3 years ago. Hurricane Impact windows in Florida Room & in master bedroom. newer flooring and carpet 2 reclining chairs in family room and a sleeper sofa in second bedroom. TVs and a newer refrigerator in the kitchen. Enjoy the Florida lifestyle in active 55+ community- 2 beautiful clubhouses with 2 pools, jacuzzi, tennis courts, shuffleboard, indoor theater with free movies weekly, entertainment throughout the year, library, pool, ping pong, card rooms, exercise gym in 2nd clubhouse exercise classes too and much more. . Conveniently located in Boynton Beach near shopping mall, movies, restaurants and tri-rail station & near beach, Enjoy Florida paradise living year round Come see now!

22. 2020-04-19
    status Pending 806-char remark

    Show marketing remark (806 chars)

    Nice clean and bright 2/2 furnished condo has newer A/C compressor, air Handler repaired about 3 years ago. Hurricane Impact windows in Florida Room & in master bedroom. newer flooring and carpet 2 reclining chairs in family room and a sleeper sofa in second bedroom. TVs and a newer refrigerator in the kitchen. Enjoy the Florida lifestyle in active 55+ community- 2 beautiful clubhouses with 2 pools, jacuzzi, tennis courts, shuffleboard, indoor theater with free movies weekly, entertainment throughout the year, library, pool, ping pong, card rooms, exercise gym in 2nd clubhouse exercise classes too and much more. . Conveniently located in Boynton Beach near shopping mall, movies, restaurants and tri-rail station & near beach, Enjoy Florida paradise living year round Come see now!

23. 2020-02-25
    price $69,900 806-char remark

    Show marketing remark (806 chars)

    Nice clean and bright 2/2 furnished condo has newer A/C compressor, air Handler repaired about 3 years ago. Hurricane Impact windows in Florida Room & in master bedroom. newer flooring and carpet 2 reclining chairs in family room and a sleeper sofa in second bedroom. TVs and a newer refrigerator in the kitchen. Enjoy the Florida lifestyle in active 55+ community- 2 beautiful clubhouses with 2 pools, jacuzzi, tennis courts, shuffleboard, indoor theater with free movies weekly, entertainment throughout the year, library, pool, ping pong, card rooms, exercise gym in 2nd clubhouse exercise classes too and much more. . Conveniently located in Boynton Beach near shopping mall, movies, restaurants and tri-rail station & near beach, Enjoy Florida paradise living year round Come see now!

24. 2020-01-28
    listed $74,500 Active 806-char remark

    Show marketing remark (806 chars)

    Nice clean and bright 2/2 furnished condo has newer A/C compressor, air Handler repaired about 3 years ago. Hurricane Impact windows in Florida Room & in master bedroom. newer flooring and carpet 2 reclining chairs in family room and a sleeper sofa in second bedroom. TVs and a newer refrigerator in the kitchen. Enjoy the Florida lifestyle in active 55+ community- 2 beautiful clubhouses with 2 pools, jacuzzi, tennis courts, shuffleboard, indoor theater with free movies weekly, entertainment throughout the year, library, pool, ping pong, card rooms, exercise gym in 2nd clubhouse exercise classes too and much more. . Conveniently located in Boynton Beach near shopping mall, movies, restaurants and tri-rail station & near beach, Enjoy Florida paradise living year round Come see now!

25. 1993-03-10
    soldstatus $19,000

ⓘ 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: $1,808 · $151/mo
• Projected year-2 tax: $1,808 · $151/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 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 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,503
• − Mortgage interest: −$6,442
• − Property taxes: −$1,808
• − Insurance: −$575
• − Repairs & maintenance: −$1,960
• − Management: −$1,960
• − HOA: −$8,268
• − Depreciation: −$3,345
• Taxable income: $145
• Est. tax owed @ 24.0%: −$35
• After-tax cash flow: $1,435/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 — Boynton Beach

• Score: 72/100
• State rank: #351
• US rank: #6098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Boynton Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 148,060
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,833
• Household income: $67,979
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 1623.0

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 0.65)
• Race & ethnicity: White 41% Black 40% Hispanic / Latino 15% Two or more races 10%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Hispanic 23% Romanian 2% Lithuanian 2%
• Foreign-born: 30% · Canada, Jamaica
• Languages at home: 61% English-only · French/Haitian/Cajun 24% Spanish 11% 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: ▼ -345.86%
• Current HPI: 371.0527
• Rent YoY: ▲ 3.64%
• 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

+531.1% since first listed

13 events — show timeline

• 2026-05-03 Price Changed $119,900 MARMLS
• 2026-03-06 Price Changed $129,900 MARMLS
• 2026-02-20 Price Changed $134,900 MARMLS
• 2026-02-07 Listed $139,000 MARMLS
• 2025-10-01 Listing Removed — Beaches MLS
• 2025-09-30 Listed $159,000 Beaches MLS
• 2024-06-18 Sold (Public Records) $129,000 Public Records
• 2020-06-16 Sold (Public Records) $60,000 Public Records
• 2020-06-05 Sold (MLS) $60,000 Beaches MLS
• 2020-04-19 Pending — Beaches MLS
• 2020-02-25 Price Changed $69,900 Beaches MLS
• 2020-01-28 Listed $74,500 Beaches MLS
• 1993-03-10 Sold (Public Records) $19,000 Public Records

Property tax history

+17.6%/yr

Latest (2025): $1,808 · -15.0% YoY. Source: county tax records.