6612 NW 23rd Ter · Boca Raton, 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 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 24 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D 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).
- ARV discount +14.2/15.0
- Appreciation +10.0/10.0
- Schools +7.3/10.0
- Livability +3.9/5.0
- Rent growth +3.1/5.0
- 1% rule +2.9/10.0
- Condition / age +2.2/5.0
- Cash flow +1.3/30.0
- DSCR +0.0/10.0
$599,999
6612 NW 23rd Ter · Boca Raton, FL 33496
3 bd · 2.0 ba · 2,079 sqft · SingleFamily
public records
· 30 Days on market
Built 1994
6,878 sqft lot
Garage
$289/sqft
· 15% below area
Est $705k · 15% under
$603/mo HOA · 13% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to 6612 NW 23rd Terrace, a charming 3-bedroom, 2-bath courtyard pool home located within the exclusive gated community of Banyans at Broken Sound Club in Boca Raton. Offering over 2,000 square feet of living space, this single-story residence features a spacious, open layout with separate living, dining, and family areas, providing plenty of room for everyday living and entertaining. The private courtyard pool creates a wonderful indoor-outdoor living experience, complemented by mature tropical landscaping. Additional features include a dedicated laundry room, two-car garage, and tile roof.
Key facts
- Gated community
- Tile roof
- Lifestyle amenities
Tags
Neighborhood map
Sold within
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 3-bed/2.0-bath single-family listed at $600k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $-2k ($-29k/yr) — negative.
- To cash-flow at today's rent, offer at most $531k (11.4% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $476k (20.6% below list).
- Recommended offer: $476k (20.6% below list) — sets the bar for 1% rule.
- Cap rate 1.5% vs local median 3.3% in Boca Raton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 77/100 on livability (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, cost of living 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: Calusa Elementary School (math 83% / reading 85%, grade A+, #55 of 2,144 statewide, top 3%, 867 students, 17% FRL); Omni Middle School (math 66% / reading 66%, grade A-, #93 of 571 statewide, top 16%, 1,128 students, 29% FRL); Spanish River Community High School (math 64% / reading 74%, grade B, #63 of 667 statewide, top 10%, 2,578 students, 25% FRL) — zoned schools average 24% FRL vs 52% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
- Zoned-school proficiency averages 73% at this address vs 50% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents rising (+2.3%/yr); 545 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 64d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
Forward outlook
- In year one you build about $64k of equity ($4k loan paydown + $60k 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.
- By year 2, paydown + projected appreciation supports a ~$103k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 30 days — a 2% lower offer ($591k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $139k; list at $600k implies a 332% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$476,413
(20.6% below list)
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- 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?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.79% ✗
- Cap rate
- 1.52%
- Cash-on-cash
- -9.01%
- DSCR
- 0.24
- GRM
- 10.5
CMA / ARV
- ARV (median comp)
- $704,500
- List price
- $599,999
- Delta
- -14.83%
- 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 |
|---|---|---|---|---|---|---|---|
| 2449 NW 64th St | 0.32mi | 3/2.5 | 2,103 (+1%) | 2mo | $600,000 | $285 | 80 |
| 2409 NW 66th Dr | 0.15mi | 3/2.5 | 2,247 (+8%) | 1mo | $510,000 | $227 | 77 |
| 2187 NW 59th St | 0.52mi | 3/2.5 | 2,104 (+1%) | 4mo | $900,000 | $428 | 68 |
| 2502 NW 66th Dr | 0.45mi | 3/2.5 | 2,219 (+7%) | 2mo | $325,000 | $146 | 64 |
| 2073 NW 56th St NW | 0.68mi | 3/2.0 | 1,925 (-7%) | 1mo | $915,000 | $475 | 55 |
| 2492 NW 66th Dr | 0.42mi | 3/2.5 | 2,343 (+13%) | 6mo | $830,000 | $354 | 52 |
| 6646 NW 25th Ter | 0.54mi | 3/3.0 | 2,293 (+10%) | 2mo | $456,750 | $199 | 52 |
| 5495 NW 21st Ave | 0.70mi | 3/2.0 | 1,925 (-7%) | 5mo | $1,385,000 | $719 | 51 |
| 2054 NW 56th St | 0.73mi | 3/2.0 | 1,925 (-7%) | 4mo | $885,000 | $460 | 50 |
| 5890 NW 21st Ave | 0.61mi | 3/2.5 | 2,319 (+12%) | 6mo | $899,000 | $388 | 45 |
| 2108 NW 60th Cir | 0.51mi | 3/2.5 | 2,388 (+15%) | 5mo | $1,075,000 | $450 | 45 |
| 5874 NW 21st Ave | 0.61mi | 3/2.5 | 2,373 (+14%) | 5mo | $950,000 | $400 | 42 |
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 · 2.31% rent growth · sell at horizon
5-year hold
- IRR
- 7.8%
- Equity multiple
- 1.47×
- Total profit
- $148,814
- Equity at exit
- $540,527
10-year hold
- IRR
- 12.6%
- Equity multiple
- 3.34×
- Total profit
- $743,093
- Equity at exit
- $1,165,666
Cash invested: $318,000 (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.
Balanced market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 18 active · 30 under contract
- Months of supply
- 4.3 mo (23%/mo absorbed)
- Median asking
- $875,000 ($437/sqft)
- Median days on market
- 14 d
- This list price
- 11% of active listings are priced below it
- ARV vs active asking
- -22.5% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33496
- Home prices YoY
- 3.5%
- Rents YoY
- 2.3%
- Active inventory
- 545
- Price-to-rent
- 10.5×
Monthly cashflow live
↻
- Estimated rent
- $4,764 medium interval (Pro) →
- Mortgage (P&I)
- −$3,146
- Tax from tax record
- −$153 /mo · $1,834/yr
- Insurance
- −$250
- HOA
- −$603
- Lot rent
- −$0
- Club dues Broken Sound Country Club
- −$2,000
- Vacancy / Maint / Mgmt
- −$1,000
- Net cashflow
- $-2,389
Break-even live
Break-even rent
$5,256
Max offer price
$531,348
Occupancy floor
—
Sensitivity live
| Price | -10% $-49 | -5% $-219 | +0% $-389 | +5% $-558 | +10% $-728 |
|---|---|---|---|---|---|
| Rent | -10% $-765 | -5% $-577 | +0% $-389 | +5% $-200 | +10% $-12 |
| Rate | -1.0pp $-86 | -0.5pp $-236 | base $-389 | +0.5pp $-544 | +1.0pp $-702 |
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
- $150,000
- Closing costs
- $18,000
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2391 NW 66th Dr Boca Raton, FL | 3.0 | 3.0 | 2498 | $15,000 | $6.00 | 57d | 1 | 0.09mi |
| 6609 NW 24th Ave Boca Raton, FL | 3.0 | 3.5 | 2247 | $15,000 | $6.68 | 88d | 1 | 0.13mi |
| 2412 NW 67th St Boca Raton, FL | 3.0 | 2.0 | 2118 | $15,000 | $7.08 | 71d | 1 | 0.19mi |
| 2445 NW 64th St Boca Raton, FL | 3.0 | 3.5 | 2103 | $20,000 | $9.51 | 63d | 1 | 0.29mi |
| 2464 NW 66th Dr Boca Raton, FL | 3.0 | 3.5 | 2568 | $10,000 | $3.89 | 165d | 1 | 0.30mi |
| 6213 NW 21st Ct Boca Raton, FL | 3.0 | 4.0 | 2746 | $10,000 | $3.64 | 165d | 1 | 0.33mi |
| 2478 NW 66th Dr Boca Raton, FL | 3.0 | 2.5 | 2360 | $18,000 | $7.63 | 20d | 1 | 0.35mi |
| 2480 NW 66th Dr Boca Raton, FL | 2.0 | 2.0 | 1717 | $4,500 | $2.62 | 65d | 1 | 0.36mi |
| 2485 NW 66th Dr Boca Raton, FL | 3.0 | 2.5 | 2472 | $9,000 | $3.64 | 47d | 1 | 0.37mi |
| 2485 NW 66th Dr Boca Raton, FL | 3.0 | 2.5 | 2472 | $9,500 | $3.84 | 63d | 1 | 0.37mi |
| 2485 NW 66th Dr Boca Raton, FL | 3.0 | 2.5 | 2472 | $9,500 | $3.84 | 165d | 1 | 0.37mi |
| 2489 NW 66th Dr Boca Raton, FL | 2.0 | 2.0 | 1717 | $10,000 | $5.82 | 107d | 1 | 0.38mi |
| 6301 NW 25th Way Boca Raton, FL | 3.0 | 2.5 | 2103 | $15,000 | $7.13 | 74d | 1 | 0.46mi |
| 5801 NW 24th Ave #1001 Boca Raton, FL | 3.0 | 2.5 | 1957 | $13,000 | $6.64 | 157d | 1 | 0.49mi |
| 6503 N Military Trl Boca Raton, FL | 1.0–2.0 | 1.0–2.5 | 1155 | $2,884 | $2.50 | 0d | 37 | 0.58mi |
| 2431 NW 59th St #404 Boca Raton, FL | 3.0 | 2.5 | 1957 | $9,000 | $4.60 | 10d | 1 | 0.62mi |
| 2431 NW 59th St #404 Boca Raton, FL | 3.0 | 2.5 | 1957 | $8,000 | $4.09 | 7d | 1 | 0.62mi |
| 5233 Lake Catalina Dr N Unit C Boca Raton, FL | 2.0 | 2.0 | 1529 | $7,500 | $4.91 | 10d | 1 | 0.66mi |
| 5463 NW 20th Ave Boca Raton, FL | 3.0 | 2.0 | 1925 | $16,500 | $8.57 | 135d | 1 | 0.75mi |
| 5555 N Military Trl Boca Raton, FL | 2.0–3.0 | 2.0–3.0 | 1282 | $3,807 | $2.97 | 1d | 22 | 0.78mi |
| 5312 Steeple Chase Boca Raton, FL | 4.0 | 4.0 | 2989 | $18,500 | $6.19 | 128d | 1 | 0.82mi |
| 2237 NW 53rd St Boca Raton, FL | 3.0 | 3.5 | 2305 | $25,000 | $10.85 | 165d | 1 | 0.85mi |
| 2252 NW 53rd St Boca Raton, FL | 3.0 | 2.5 | 1950 | $13,000 | $6.67 | 10d | 1 | 0.88mi |
| 2237 NW 52nd St Boca Raton, FL | 3.0 | 2.5 | 1949 | $13,000 | $6.67 | 57d | 1 | 0.89mi |
| 4885 Sugar Pine Dr Boca Raton, FL | 3.0 | 2.0 | 1855 | $4,800 | $2.59 | 13d | 1 | 0.92mi |
| 4885 Sugar Pine Dr Boca Raton, FL | 3.0 | 2.0 | 1855 | $4,800 | $2.59 | 10d | 1 | 0.92mi |
| 2218 NW 52nd St Boca Raton, FL | 2.0 | 2.5 | 1482 | $13,000 | $8.77 | 129d | 1 | 0.92mi |
| 2093 NW 52nd St Unit 2093 Boca Raton, FL | 3.0 | 2.5 | 1835 | $13,000 | $7.08 | 130d | 1 | 0.94mi |
| 5338 NW 26th Cir Boca Raton, FL | 4.0 | 3.0 | 2444 | $25,000 | $10.23 | 99d | 1 | 0.97mi |
| 2011 NW 53rd St Boca Raton, FL | 3.0 | 2.5 | 2461 | $10,000 | $4.06 | 115d | 1 | 0.98mi |
| 3151 Clint Moore Rd #103 Boca Raton, FL | 3.0 | 2.0 | 1497 | $3,145 | $2.10 | 165d | 1 | 0.98mi |
| 2526 NW 52nd St Boca Raton, FL | 3.0 | 2.5 | 1895 | $8,200 | $4.33 | 10d | 1 | 0.98mi |
| 2034 NW 52nd St Boca Raton, FL | 2.0 | 2.5 | 1527 | $8,350 | $5.47 | 36d | 1 | 0.99mi |
| 5500 N Military Trl Boca Raton, FL | 2.0–3.0 | 2.0 | 1254 | $6,699 | $5.34 | 0d | 3 | 0.99mi |
| 4695 Brandywine Dr Boca Raton, FL | 3.0 | 3.0 | 1974 | $4,750 | $2.41 | 165d | 1 | 1.01mi |
| 3143 Clint Moore Rd #105 Boca Raton, FL | 3.0 | 2.0 | 1497 | $3,250 | $2.17 | 48d | 1 | 1.06mi |
| 3143 Clint Moore Rd Boca Raton, FL | 3.0 | 3.0 | 1438 | $3,350 | $2.33 | 10d | 1 | 1.07mi |
| 5183 NW 26th Cir Boca Raton, FL | 3.0 | 2.5 | 1915 | $5,500 | $2.87 | 10d | 1 | 1.08mi |
| 5183 NW 26th Cir Boca Raton, FL | 3.0 | 2.5 | 1915 | $5,500 | $2.87 | 118d | 1 | 1.08mi |
| 5866 Saint Annes Way Boca Raton, FL | 4.0 | 4.0 | 2975 | $18,000 | $6.05 | 10d | 1 | 1.14mi |
Property features AI
Finance
- HOA & community
- Homeowners associationAssociation fee includes common area maintenance, cable TV, and securityCommunity clubhouseFitness facilitiesGolf course communityMaintained communityOn-site property managerCommunity tennis courtsSidewalksPets allowed, including cats and dogs
Exterior
- Parking
- Attached garage with 2 spacesDrivewayGarage door opener
- Security
- Gated communitySecurity guard
- Utilities
- Public waterPublic sewerCable available
- Home design
- One storyWest-facing
- Construction
- Block and stucco constructionBarrel roof
- Exterior features
- PatioAutomatic sprinklersPrivate poolCommunity poolCommunity spa
Interior
- Kitchen
- Breakfast barEat-in kitchenKitchen islandPantryBuilt-in ovenDishwasherElectric rangeDisposalMicrowaveRefrigerator
- Bedrooms
- Bedroom on the main levelMain-level primary bedroom
- Flooring
- HardwoodMarbleWood
- Bathrooms
- 2 full bathroomsBathtubDual sinksSeparate shower
- Heating & cooling
- Central electric heatingCentral air conditioningElectric coolingCeiling fans
- Interior features
- Built-in featuresCloset cabinetrySliding, tinted windowsUnfurnished
- Laundry & utility
- Laundry roomUtility roomWasherDryerElectric water heater
HOA detail $603/mo · $7,236/yr
- Likely covers
- landscapingpoolsecurity
Listing history 50 events
-
2026-11-08days on market $599,999 Active 30 DOM
-
2026-11-07days on market $599,999 Active 29 DOM
-
2026-11-06days on market $599,999 Active 28 DOM
-
2026-11-05days on market $599,999 Active 27 DOM
-
2026-11-04days on market $599,999 Active 26 DOM
-
2026-11-02days on market $599,999 Active 24 DOM
-
2026-11-01days on market $599,999 Active 23 DOM
-
2026-10-31days on market $599,999 Active 22 DOM
-
2026-10-30days on market $599,999 Active 21 DOM
-
2026-10-30price $599,999 Active 20 DOM
-
2026-10-29days on market $625,000 Active 20 DOM
-
2026-10-28days on market $625,000 Active 19 DOM
-
2026-10-27days on market $625,000 Active 18 DOM
-
2026-10-26days on market $625,000 Active 17 DOM
-
2026-10-26days on market $625,000 Active 16 DOM
-
2026-10-24days on market $625,000 Active 15 DOM
-
2026-10-23days on market $625,000 Active 14 DOM
-
2026-10-22days on market $625,000 Active 13 DOM
-
2026-10-21days on market $625,000 Active 12 DOM
-
2026-10-20days on market $625,000 Active 11 DOM
-
2026-10-19days on market $625,000 Active 10 DOM
-
2026-10-18days on market $625,000 Active 9 DOM
-
2026-10-17days on market $625,000 Active 8 DOM
-
2026-10-16days on market $625,000 Active 7 DOM
-
2026-10-15days on market $625,000 Active 6 DOM
-
2026-10-14days on market $625,000 Active 5 DOM
-
2026-10-13days on market $625,000 Active 4 DOM
-
2026-10-12days on market $625,000 Active 3 DOM
-
2026-10-11days on market $625,000 Active 2 DOM
-
2026-10-10remarks 699-char remark
-
2026-10-10pricestatusdays on market $625,000 Active 1 DOM
-
2026-06-18days on market $425,000 Active Under Contract 245 DOM
-
2026-06-17days on market $425,000 Active Under Contract 244 DOM
-
2026-06-16days on market $425,000 Active Under Contract 243 DOM
-
2026-06-15days on market $425,000 Active Under Contract 242 DOM
-
2026-06-13days on market $425,000 Active Under Contract 240 DOM
-
2026-06-09days on market $425,000 Active Under Contract 236 DOM
-
2026-06-07days on market $425,000 Active Under Contract 234 DOM
-
2026-06-04days on market $425,000 Active Under Contract 231 DOM
-
2026-06-03days on market $425,000 Active Under Contract 230 DOM
-
2026-06-01days on market $425,000 Active Under Contract 228 DOM
-
2026-05-31days on market $425,000 Active Under Contract 227 DOM
-
2026-05-11historical Active Under Contract
-
2026-05-05status Active
-
2026-04-24historical Active Under Contract
-
2026-04-06price $425,000
-
2026-03-09price $450,000
-
2026-03-02status Active
-
2026-03-02historical
-
2025-11-12price $499,000
ⓘ 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
- $1,834 · $153/mo
- Projected year-2 tax
- $4,980 · $415/mo
- Expected delta
- +$3,146/yr (+$262/mo · 171.6%)
ⓘ 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 ≥106°F today · 24 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 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
- $57,170
- − Mortgage interest
- −$33,609
- − Property taxes
- −$1,834
- − Insurance
- −$3,000
- − Repairs & maintenance
- −$4,574
- − Management
- −$4,574
- − HOA
- −$7,236
- − Depreciation
- −$17,455
- Taxable loss
- −$15,111
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$3,627
- After-tax cash flow
- $-25,037/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
45/100
Moderate rehab
Est. rehab $51,975–$93,555 screening
This home requires moderate renovations, including kitchen and bathroom updates, landscaping, and fence repair, to increase its resale and rental value.
Repairs flagged
- Major Kitchen cabinets — The kitchen cabinets appear to be outdated and in poor condition.
- Major Bathroom vanity — The bathroom vanity is outdated and in poor condition.
- Major Landscaping — The landscaping shows signs of neglect and requires maintenance.
- Major Fence — The fence shows signs of damage and requires repair.
Value-add opportunities
- Resale Kitchen renovation — A modern kitchen renovation can significantly increase the home's resale value. ↑
- Resale Bathroom renovation — A modern bathroom renovation can significantly increase the home's resale value. ↑
- Both Landscaping — A well-maintained and aesthetically pleasing landscape can increase both resale and rental value. ↑
- Both Fence repair — A repaired fence can improve the home's curb appeal and increase both resale and rental 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.
B
Composite school gradezoned avg 73/100
Zoned Schools
Elementary
Calusa Elementary School
A+
FL #55/2,144
Nat'l #701/41,679
Middle
Omni Middle School
A-
FL #93/571
Nat'l #1,160/14,009
High
Spanish River Community High School
B
FL #63/667
Nat'l #2,354/17,239
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 77/100
Livability — Boca Raton
- Score
- 77/100
- State rank
- #192
- US rank
- #3070
Category grades
Amenities D
Commute B
Cost of living F
Crime B+
Employment A+
Housing B+
Health & safety A+
User ratings B
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Boca Raton, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 250,102
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 26,579
- Household income
- $114,885
- 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
- Predominantly White (79%)
- Race & ethnicity
- White 79% Hispanic / Latino 11% Two or more races 8% Asian 5% Black 2%
- Hispanic origin (detail)
- Puerto Rican 3%
- Languages at home
- 75% English-only · Spanish 9% Other Indo-European 5% Russian/Polish/Slavic 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
- ▲ 10.48%
- Current HPI
- 313.9058
- Rent YoY
- ▲ 2.31%
- 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
+144.0% since first listed25 events — show timeline
- 2026-10-09 Listed $625,000 MARMLS
- 2026-05-11 Contingent — Beaches MLS
- 2026-05-11 Listing Removed — Beaches MLS
- 2026-04-24 Contingent — Beaches MLS
- 2026-04-06 Price Changed $425,000 Beaches MLS
- 2026-03-09 Price Changed $450,000 Beaches MLS
- 2026-03-02 Listing Removed — Beaches MLS
- 2025-11-12 Price Changed $499,000 Beaches MLS
- 2025-10-16 Listed $525,000 Beaches MLS
- 2023-11-21 Listing Removed — Beaches MLS
- 2023-11-16 Rental Removed $10,000 RMLSFL
- 2023-11-04 Listed for Rent $10,000 RMLSFL
- 2023-08-04 Listed $649,000 Beaches MLS
- 2010-09-29 Sold (MLS) $139,000 Beaches MLS
- 2010-08-18 Listing Removed — Beaches MLS
- 2010-03-24 Listed $149,900 Beaches MLS
- 2005-05-19 Sold (Public Records) $399,000 Public Records
- 2005-05-16 Sold (MLS) $399,000 Beaches MLS
- 2005-03-24 Listing Removed — Beaches MLS
- 2005-01-26 Listed $399,000 Beaches MLS
- 2001-10-04 Sold (Public Records) $335,000 Public Records
- 2001-09-28 Sold (MLS) $335,000 Beaches MLS
- 2001-09-14 Listing Removed — Beaches MLS
- 2001-07-26 Listed $338,900 Beaches MLS
- 1994-12-19 Sold (Public Records) $256,200 Public Records
Property tax history
-5.6%/yrLatest (2025): $1,834 · +3.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…