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19 Abbey Ln
B- Composite 68.46
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 +19.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +7.5/10.0
  • DSCR +6.2/10.0
  • Appreciation +5.3/10.0
  • Schools +5.2/10.0
  • Livability +3.9/5.0
  • Condition / age +3.8/5.0
  • Rent growth +2.6/5.0

$129,900

19 Abbey Ln · Delray Beach, FL 33446
2 bd · 2.0 ba · 925 sqft · SingleFamily · 20 Days on market
55+ age-restricted Built 1979 Good condition $140/sqft · 49% below area Est $255k · 49% under $530/mo HOA · 25% of rent ↓ 17% since listing

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

Listing remarks

Lovely 2/2 Condo in 55+ community. Located in Fabulous Delray Beach. Two bedroom Suites. formal dining area plus eat in kitchen. Lovely laminate wood floors in the latest gray tones so popular today, New Dining area lighting. paddle fans. Information is deemed to be reliable, but is not guaranteed.

Key facts

  • $530 HOA
  • Parking
  • Built 1979

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 2-bed/2.0-bath single-family listed at $130k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $230 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $130k).
  • Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
  • Cap rate 8.4% vs local median 4.1% in Delray 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 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime D-, amenities 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: Hagen Road Elementary School (math 55% / reading 63%, grade B-, #722 of 2,144 statewide, top 34%, 773 students, 46% FRL); Carver Middle School (math 22% / reading 34%, grade F, #486 of 571 statewide, top 86%, 732 students, 73% 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 at 48% FRL track the district average.
  • Market conditions: Rents flat; 810 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 54d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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).
  • This rent runs 31% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • In year one you build about $2k of equity ($898 loan paydown + $892 appreciation (0.7% 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 (0.7% appreciation + 0.5% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 20 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 2y ago; this cycle's ask is 7323% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

  • Watch-outs: HOA is 25% 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 $127,951 (1.5% below list)

Questions for the listing agent

  1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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?
  6. 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.
  7. 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.
  8. 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
1.62%
Cap rate
8.42%
Cash-on-cash
7.60%
DSCR
1.34
GRM
5.2

CMA / ARV

ARV (median comp)
$254,936
List price
$129,900
Delta
-49.05%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
49 Seville C 0.35mi 2/2.0 880 (-5%) 2mo $53,000 $60 74
14745 Wildflower Ln 0.27mi 2/2.0 1,073 (+16%) 6mo $245,000 $228 58
14712 Bonaire Blvd 0.38mi 2/2.0 1,100 (+19%) 2mo $296,000 $269 56
9 Valencia Trl 0.85mi 2/2.0 883 (-4%) 2mo $88,000 $100 55
14820 Wildflower Ln 0.31mi 2/2.0 1,073 (+16%) 11mo $300,000 $280 52
14928 Wildflower Ln 0.33mi 2/2.0 1,073 (+16%) 16mo $270,000 $252 47

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

Projected returns pro-forma

0.69% appreciation · 0.51% rent growth · sell at horizon

5-year hold
IRR
5.9%
Equity multiple
1.28×
Total profit
$10,349
Equity at exit
$42,241
10-year hold
IRR
8.0%
Equity multiple
1.86×
Total profit
$31,316
Equity at exit
$54,542

Cash invested: $36,372 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
25 active · 12 under contract
Months of supply
25.0 mo (4%/mo absorbed)
Median asking
$139,000 ($158/sqft)
Median days on market
79 d
This list price
44% of active listings are priced below it
ARV vs active asking
+74.0% above current asking $/sqft

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

ZIP-level market 33446

Home prices YoY
0.3%
Rents YoY
0.5%
Active inventory
810
Price-to-rent
5.2×

Monthly cashflow live

Estimated rent
$2,099 high interval (Pro) →
Mortgage (P&I)
$681
Tax est. 1.5%
$162 /mo · $1,948/yr
Insurance
$54
HOA
$530
Vacancy / Maint / Mgmt
$441
Net cashflow
$230

Break-even live

Break-even rent $1,807
Max offer price $129,900
Occupancy floor 84%

Sensitivity live

Price -10% $320 -5% $275 +0% $230 +5% $185 +10% $141
Rent -10% $65 -5% $147 +0% $230 +5% $313 +10% $396
Rate -1.0pp $296 -0.5pp $263 base $230 +0.5pp $197 +1.0pp $162

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
$32,475
Closing costs
$3,897
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
19 Abbey Ln Delray Beach, FL 2.0 2.0 925 $1,750 $1.89 39d 1 0.03mi
19 Abbey Ln #206 Delray Beach, FL 2.0 2.0 925 $1,750 $1.89 120d 1 0.03mi
20 Abbey Ln #102 Delray Beach, FL 2.0 2.0 925 $2,600 $2.81 120d 1 0.05mi
15 Willowbrook Ln #204 Delray Beach, FL 2.0 2.0 1005 $2,800 $2.79 12d 1 0.06mi
15 Willowbrook Ln Delray Beach, FL 2.0 2.0 1005 $2,999 $2.98 63d 1 0.07mi
22 Abbey Ln #101 Delray Beach, FL 2.0 2.0 925 $2,100 $2.27 12d 1 0.08mi
21 Abbey Ln #107 Delray Beach, FL 2.0 2.0 925 $1,700 $1.84 54d 1 0.08mi
21 Abbey Ln Delray Beach, FL 2.0 2.0 925 $1,700 $1.84 61d 1 0.08mi
21 Abbey Ln Delray Beach, FL 2.0 2.0 925 $1,700 $1.84 51d 1 0.08mi
3 Abbey Ln #102 Delray Beach, FL 2.0 2.0 925 $2,500 $2.70 120d 1 0.09mi
14 Willowbrook Ln #101 Delray Beach, FL 2.0 2.0 1005 $1,700 $1.69 101d 1 0.09mi
6 Abbey Ln #207 Delray Beach, FL 2.0 2.0 925 $1,950 $2.11 10d 1 0.10mi
10 Willowbrook Ln Delray Beach, FL 2.0 2.0 1005 $2,100 $2.09 83d 1 0.10mi
10 Willowbrook Ln Delray Beach, FL 2.0 2.0 1005 $2,100 $2.09 42d 1 0.10mi
10 Willowbrook Ln #105 Delray Beach, FL 2.0 2.0 1005 $2,100 $2.09 106d 1 0.10mi
23 Abbey Ln #208 Delray Beach, FL 2.0 2.0 925 $1,500 $1.62 98d 1 0.10mi
31 Abbey Ln #207 Delray Beach, FL 2.0 2.0 925 $1,300 $1.41 120d 1 0.12mi
24 Abbey Ln #301 Delray Beach, FL 2.0 2.0 1006 $1,595 $1.59 24d 1 0.14mi
32 Abbey Ln #207 Delray Beach, FL 2.0 2.0 925 $2,500 $2.70 120d 1 0.14mi
14849 Cumberland Dr #1040 Delray Beach, FL 1.0 2.0 912 $2,100 $2.30 54d 1 0.15mi
14747 Cumberland Dr #301 Delray Beach, FL 2.0 2.0 1044 $1,900 $1.82 120d 1 0.21mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL 1.0 2.0 912 $1,850 $2.03 120d 1 0.22mi
14671 Bonaire Blvd #709 Delray Beach, FL 2.0 2.0 1060 $1,900 $1.79 35d 1 0.25mi
14671 Bonaire Blvd #505 Delray Beach, FL 1.0 2.0 925 $1,600 $1.73 120d 1 0.25mi
14735 Wildflower Ln Delray Beach, FL 2.0 2.0 1073 $2,350 $2.19 83d 1 0.26mi
14623 Bonaire Blvd Delray Beach, FL 1.0 2.0 925 $1,800 $1.95 39d 1 0.27mi
14623 Bonaire Blvd #502 Delray Beach, FL 2.0 2.0 1060 $1,750 $1.65 3d 1 0.27mi
6650 S Oriole Blvd #1030 Delray Beach, FL 2.0 2.0 1044 $1,900 $1.82 6d 1 0.28mi
6650 S Oriole Blvd #2070 Delray Beach, FL 2.0 2.0 1044 $1,700 $1.63 0d 1 0.28mi
14790 Bonaire Blvd #202 Delray Beach, FL 1.0 1.5 765 $1,700 $2.22 33d 1 0.29mi
6675 S Oriole Blvd Apt 205 Delray Beach, FL 2.0 2.0 1044 $1,700 $1.63 5d 1 0.30mi
14896 Bal Moral Ln #104 Delray Beach, FL 2.0 2.0 1040 $2,500 $2.40 36d 1 0.31mi
189 Seville Ter Unit 189 Delray Beach, FL 2.0 2.0 880 $1,800 $2.05 55d 1 0.31mi
14896 Bal Moral Ln Delray Beach, FL 2.0 2.0 1040 $2,200 $2.12 11d 1 0.32mi
14896 Bal Moral Ln Delray Beach, FL 2.0 2.0 1040 $2,200 $2.12 120d 1 0.32mi
14575 Bonaire Blvd #309 Delray Beach, FL 2.0 2.0 1060 $1,800 $1.70 20d 1 0.32mi
143 Seville E Delray Beach, FL 1.0 1.5 720 $1,700 $2.36 63d 1 0.33mi
14832 Wildflower Ln Delray Beach, FL 2.0 2.0 1073 $2,500 $2.33 113d 1 0.34mi
14858 Wildflower Ln Delray Beach, FL 2.0 2.0 1073 $1,850 $1.72 12d 1 0.34mi
14893 Wedgefield Dr Delray Beach, FL 2.0 2.0 1040 $2,000 $1.92 45d 1 0.38mi

Property features AI

Finance

Other
Pets not allowed
HOA & community
Homeowners association with monthly feeMonthly association fee includes cable TVAssociation amenities: clubhouse, fitness center, sauna, shuffleboard court, storage, community room, libraryCommunity of about 240 unitsSenior community

Exterior

Parking
Guest parking (one parking space total)
Utilities
Public waterPublic sewerNo listed community utilities
Home design
CondominiumResale propertyTwo-story buildingFaces northeastLocated west of US-1
Construction
CBS constructionShingle roofBuilding area approximately 1,009 (public records)
Exterior features
Covered patioScreened porchPatioPorchGlass-enclosed porch

Interior

Kitchen
DisposalRefrigerator
Bedrooms
One main-level bedroom
Flooring
Laminate flooringWood flooring
Bathrooms
Two full bathrooms (one on main level)
Heating & cooling
Central heatingReverse cycle cooling
Interior features
Walk-in closetsSplit bedroom layoutDome kitchen

Listing history 16 events

  1. 2026-06-04
    days on market $129,900 Active 20 DOM
  2. 2026-06-03
    days on market $129,900 Active 19 DOM
  3. 2026-06-02
    days on market $129,900 Active 18 DOM
  4. 2026-06-01
    days on market $129,900 Active 17 DOM
  5. 2026-05-31
    days on market $129,900 Active 16 DOM
  6. 2026-05-15
    listed $129,900 Active
  7. 2026-04-09
    historical $1,750
  8. 2026-03-24
    listed $1,750
  9. 2024-09-14
    historical $1,590
  10. 2024-08-28
    listed $1,590
  11. 2024-07-19
    historical $1,590
  12. 2024-07-18
    listed $1,590
  13. 2024-04-18
    historical $2,100
  14. 2024-04-18
    listed $2,100
  15. 2024-03-19
    historical $2,100
  16. 2024-03-11
    listed $2,100

ⓘ 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 9/10 Extreme 7 d/yr ≥107°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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$25,186
− Mortgage interest
−$7,276
− Property taxes
−$1,948
− Insurance
−$650
− Repairs & maintenance
−$2,015
− Management
−$2,015
− HOA
−$6,360
− Depreciation
−$3,779
Taxable income
$1,143
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$274
After-tax cash flow
$2,490/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 75/100 Cosmetic rehab Est. rehab $4,625–$13,875 screening

This 2/2 condo in a 55+ community is in good condition with modern updates and a well-maintained exterior. It offers a good investment opportunity with potential for value enhancement through minor updates.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
  • Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.
  • Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and renters.
  • Resale Upgrading the bathroom fixtures — Modern fixtures can improve the overall appeal and functionality of the bathroom.

ⓘ Rehab cost is a screening estimate — Cosmetic 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.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary Hagen Road Elementary School B- FL #722/2,144 Nat'l #8,048/41,679 Middle Carver Middle School F FL #486/571 Nat'l #9,545/14,009 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 — Delray Beach

Score
77/100
State rank
#202
US rank
#3160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Palm Beach County · 1,637,487 people
City population
123,167
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
28,431
Household income
$80,187
Rent vs Own
11.4% rent · 88.6% own
Severe rent burden
24% 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 13% Two or more races 9% Black 4%
Hispanic origin (detail)
Puerto Rican 3% Dominican 1%
Common ancestry
Romanian 9% Scotch-Irish 9% Italian 2%
Foreign-born
20% · Canada, Jamaica, Guatemala
Languages at home
80% English-only · Spanish 12% Other Indo-European 2% French/Haitian/Cajun 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

-16.7% since first listed
10 events — show timeline
  • 2026-04-09 Rental Removed $1,750 SHOWMOJO
  • 2026-03-24 Listed for Rent $1,750 SHOWMOJO
  • 2024-09-14 Rental Removed $1,590 APPFOLIO
  • 2024-08-28 Listed for Rent $1,590 APPFOLIO
  • 2024-07-19 Rental Removed $1,590 APPFOLIO
  • 2024-07-18 Listed for Rent $1,590 APPFOLIO
  • 2024-04-18 Rental Removed $2,100 RMLSFL
  • 2024-04-18 Listed for Rent $2,100 RMLSFL
  • 2024-03-19 Rental Removed $2,100 RMLSFL
  • 2024-03-11 Listed for Rent $2,100 RMLSFL

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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