6164 N Ironwood Ln · Atlantis, FL 33462

$200,000

3 bd · 2.0 ba · 1,832 sqft · Manufactured · 69 Days on market

Built 2007 Good condition ↓ 11% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Experience elevated living in this beautifully designed 3-bedroom, 2-bath modular home. Thoughtfully crafted with modern finishes throughout, this residence blends contemporary style with everyday comfort, offering an inviting open layout, sleek surfaces, and refined details that create a truly upscale feel. The home's design maximizes both space and natural light, delivering a bright and airy atmosphere perfect for relaxing or entertaining. Every inch has been curated to reflect a clean, modern aesthetic while maintaining warmth and functionality. Enjoy a low-maintenance lifestyle with a land lease that covers essential services including water, lawn care, trash removal, RV and trailer sto

Key facts

• 2 garage spots
• Built 2007
• Listed 68 days

Property features AI

Finance

• Financial info: Land lease of $1,398 monthly (lease runs through 2099-04-30)
• HOA & community: Senior community; Pets allowed (restrictions possible)

Exterior

• Parking: Total parking for 6 vehicles; Attached 2-car garage; 2 covered spaces; 4 open parking spaces
• Security: Security system; Gated community (no guard)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Manufactured home; Single-story; Entry level living area; Faces northwest; Resale property
• Construction: Modular construction; Composition/shingle roof
• Exterior features: Covered patio; Open patio; Screened porch; Patio and porch areas; Corner lot; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating; Electric cooling
• Interior features: Cathedral ceilings; Vaulted ceilings; Kitchen island; Walk-in closets; Shutters; Partially furnished
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $980 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#390 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, 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: Starlight Cove Elementary School (math 40% / reading 31%, grade F, #1,684 of 2,144 statewide, top 79%, 737 students, 77% FRL); Tradewinds Middle School (math 25% / reading 35%, grade F, #468 of 571 statewide, top 82%, 912 students, 74% FRL); Santaluces Community High (math 22% / reading 39%, grade F, #434 of 667 statewide, top 66%, 2,675 students, 61% FRL) — zoned schools average 71% FRL vs 52% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 32% at this address vs 50% district-wide (-18 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 fast (+4.1%/yr); 383 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• At $2,990/mo this rent would consume 48% of the median local household income ($74k/yr) (locally 1852% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 + 4.1% rent growth), your $56k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.49% ✓
• Cap rate: 12.17%
• Cash-on-cash: 20.99%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.09% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 1.60×
• Total profit: $33,340
• Equity at exit: $29,821

10-year hold

• IRR: 24.2%
• Equity multiple: 3.20×
• Total profit: $123,455
• Equity at exit: $17,292

Cash invested: $56,000 (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.

Methodology + full state rankings →

ZIP-level market 33462

• Rents YoY: 4.1%
• Active inventory: 383
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,990 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $980

Break-even live

Break-even rent $1,750

Max offer price $200,000

Occupancy floor 62%

Sensitivity live

Price	-10% $1,118	-5% $1,049	+0% $980	+5% $910	+10% $841
Rent	-10% $743	-5% $861	+0% $980	+5% $1,098	+10% $1,216
Rate	-1.0pp $1,080	-0.5pp $1,030	base $980	+0.5pp $928	+1.0pp $875

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6040 Lace Wood Cir Lake Worth, FL	3.0	2.0	1326	$2,799	$2.11	25d	1	0.18mi
493 Forestview Dr Lake Worth, FL	3.0	2.0	1701	$2,300	$1.35	6d	1	0.33mi
4648 Silver Saw Ln Lake Worth, FL	3.0	2.5	1718	$3,300	$1.92	12d	1	0.44mi
3883 Island Club Cir W Lake Worth, FL	3.0	2.5	1308	$2,400	$1.83	18d	1	0.45mi
4735 Blue Pine Cir Lake Worth, FL	3.0	2.0	1732	$3,500	$2.02	25d	1	0.54mi
4983 Pinemore Ln Unit 4983 Greenacres, FL	3.0	2.5	1628	$2,900	$1.78	25d	1	0.68mi
4350 Peregrine Way Lake Worth, FL	1.0–3.0	1.0–2.0	1025	$3,119	$3.04	0d	17	0.74mi
4091 Plumbago Pl Lake Worth, FL	3.0	2.0	1816	$1,300	$0.72	25d	1	0.86mi
4657 Meyerson Pl Lake Worth, FL	3.0	2.5	1635	$2,900	$1.77	25d	1	0.93mi
4657 Meyerson Pl Lake Worth, FL	3.0	2.5	1635	$2,900	$1.77	21d	1	0.93mi
4665 Meyerson Pl Lake Worth, FL	3.0	2.5	1900	$3,000	$1.58	25d	1	0.93mi
6909 Blue Skies Dr Lake Worth, FL	2.0	2.5	1293	$2,600	$2.01	25d	1	0.96mi
4951 Mallory St Unit 4951 Greenacres, FL	3.0	2.5	1309	$2,700	$2.06	23d	1	0.99mi
4947 Grinnell St Lake Worth, FL	3.0	2.5	1309	$2,850	$2.18	25d	1	1.05mi
7132 Colony Club Dr Lake Worth, FL	1.0–3.0	1.0–2.0	1087	$2,919	$2.69	0d	15	1.05mi
4616 Hollister Ave Unit 4616 Greenacres, FL	3.0	2.5	1628	$3,100	$1.90	25d	1	1.07mi
4607 Hollister Ave Unit 4607 Greenacres, FL	3.0	2.5	1628	$2,950	$1.81	0d	1	1.09mi
4725 Via Bari Lake Worth, FL	1.0–3.0	1.0–2.0	1150	$2,829	$2.46	4d	10	1.12mi
3841 Aspen Leaf Dr Boynton Beach, FL	4.0	2.5	2359	$4,000	$1.70	25d	1	1.19mi
7093 Middlebury Dr Unit 7093 Boynton Beach, FL	4.0	2.0	1470	$3,000	$2.04	25d	1	1.21mi
3327 Sapphire Rd Lake Worth, FL	4.0	3.0	1377	$3,350	$2.43	3d	1	1.21mi
3327 Sapphire Rd Lake Worth, FL	4.0	3.0	1377	$3,400	$2.47	12d	1	1.21mi
7398 Willow Springs Cir E Boynton Beach, FL	3.0	2.0	1390	$2,811	$2.02	0d	1	1.26mi
4302 Colony View Dr Unit 4302 Greenacres, FL	3.0	2.5	1851	$3,000	$1.62	21d	1	1.28mi
300 John F Kennedy Dr #8 Lake Worth, FL	3.0	2.0	1711	$3,200	$1.87	3d	1	1.37mi
300 John F Kennedy Dr #101 Lake Worth, FL	3.0	2.0	1711	$3,500	$2.05	23d	1	1.37mi
300 John F Kennedy Dr #8 Lake Worth, FL	3.0	2.0	1711	$3,100	$1.81	4d	1	1.37mi
300 John F Kennedy Dr #208 Lake Worth, FL	3.0	2.0	1548	$4,800	$3.10	25d	1	1.37mi
5005 Northern Lights Dr Unit 5005 Greenacres, FL	3.0	2.5	1616	$3,200	$1.98	25d	1	1.40mi
250 John F Kennedy Dr #308 Lake Worth, FL	3.0	2.0	1734	$2,300	$1.33	20d	1	1.41mi
250 John F Kennedy Dr #408 Lake Worth, FL	3.0	2.0	1734	$2,700	$1.56	25d	1	1.41mi
3771 Newport Ave Boynton Beach, FL	3.0	2.0	1795	$3,500	$1.95	19d	1	1.43mi
5612 Priscilla Ln Lake Worth, FL	3.0	2.0	2100	$2,100	$1.00	18d	1	1.47mi
7146 Sandgrace Ln Lake Worth, FL	4.0	3.0	2268	$3,950	$1.74	5d	1	1.48mi
3884 Melaleuca Ln Lake Worth, FL	3.0	3.0	1407	$2,750	$1.95	8d	1	1.49mi

Listing history 26 events

1. 2026-06-21
   days on market $200,000 Active 69 DOM
2. 2026-06-18
   days on market $200,000 Active 66 DOM
3. 2026-06-17
   days on market $200,000 Active 65 DOM
4. 2026-06-16
   days on market $200,000 Active 64 DOM
5. 2026-06-15
   days on market $200,000 Active 63 DOM
6. 2026-06-13
   days on market $200,000 Active 61 DOM
7. 2026-06-09
   days on market $200,000 Active 57 DOM
8. 2026-06-08
   days on market $200,000 Active 56 DOM
9. 2026-06-07
   days on market $200,000 Active 55 DOM
10. 2026-06-04
    days on market $200,000 Active 52 DOM
11. 2026-06-03
    days on market $200,000 Active 51 DOM
12. 2026-06-02
    days on market $200,000 Active 50 DOM
13. 2026-06-01
    days on market $200,000 Active 49 DOM
14. 2026-05-31
    days on market $200,000 Active 48 DOM
15. 2026-04-30
    price $200,000
16. 2026-04-13
    listed $205,000 Active
17. 2026-01-01
    historical
18. 2025-11-10
    price $209,000
19. 2025-10-20
    listed $215,000 Active
20. 2025-09-25
    historical
21. 2025-09-02
    price $207,500
22. 2025-07-14
    price $215,000
23. 2025-06-25
    listed $225,000 Active
24. 2024-06-28
    soldstatus $210,000 Closed
25. 2024-03-26
    status Pending
26. 2024-02-26
    listed $225,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 27 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: $35,874
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,870
• − Management: −$2,870
• − Depreciation: −$5,818
• Taxable income: $9,113
• Est. tax owed @ 24.0%: −$2,187
• After-tax cash flow: $9,568/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 · 12 photos

Good 80/100 Cosmetic rehab

This beautifully designed 3-bedroom, 2-bath modular home is in excellent condition with modern finishes and a low-maintenance lifestyle. It offers a bright and airy atmosphere perfect for relaxing or entertaining.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace window treatments — Freshens look and improves energy efficiency
• Both Upgrade light fixtures — Modernizes space and improves ambiance

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace window treatments — Freshens look and improves energy efficiency ↑
• Both Upgrade light fixtures — Modernizes space and improves ambiance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Atlantis

• Score: 71/100
• State rank: #390
• US rank: #6861

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,371
• Household income: $73,997
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1852.0

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 0.68)
• Race & ethnicity: White 44% Black 26% Hispanic / Latino 26% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Cuban 3%
• Common ancestry: Hispanic 14% Romanian 2% Scotch-Irish 2%
• Foreign-born: 31% · Canada, Jamaica, Dominican Republic
• Languages at home: 60% English-only · Spanish 20% French/Haitian/Cajun 16% Other Indo-European 1%

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: ▼ -295.48%
• Current HPI: 361.5391
• Rent YoY: ▲ 4.09%
• 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

-11.1% since first listed

12 events — show timeline

• 2026-04-30 Price Changed $200,000 Beaches MLS
• 2026-04-13 Listed $205,000 Beaches MLS
• 2026-01-01 Listing Removed — Beaches MLS
• 2025-11-10 Price Changed $209,000 Beaches MLS
• 2025-10-20 Listed $215,000 Beaches MLS
• 2025-09-25 Listing Removed — Beaches MLS
• 2025-09-02 Price Changed $207,500 Beaches MLS
• 2025-07-14 Price Changed $215,000 Beaches MLS
• 2025-06-25 Listed $225,000 Beaches MLS
• 2024-06-28 Sold (MLS) $210,000 MCRTC
• 2024-03-26 Pending — MCRTC
• 2024-02-26 Listed $225,000 MCRTC