1344 9th St · West Palm Beach, FL 33401

$300,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 266 Days on market

Built 1960 6,050 sqft lot $10/mo HOA

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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 +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location Location Location! Three bedrooms, one bath. Laminate flooring in all bedrooms, tile in the kitchen and bathrooms throughout living areas. Great time to Invest your money, minutes from the well known Palm Beach Outlet Mall and Downtown West Palm Beach. Near Water, Tri-rail, Brightline and the Intra Costal.

Key facts

• 6,050 sq ft lot
• Parking
• Built 1960

Property features AI

Finance

• HOA & community: Association fee of $10 per month

Exterior

• Parking: Driveway; Guest parking
• Security: Storm/security shutters
• Utilities: Public water; Public sewer
• Home design: Single-story; Faces east; Resale property
• Construction: Block construction; Shingle and wood roof
• Exterior features: Patio; Fruit trees; Storm/security shutters

Interior

• Kitchen: Refrigerator
• Bedrooms: Other (room type listed as Other)
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; Wall/window air conditioning units
• Interior features: Closet cabinetry; Walk-in closet(s); Other interior features
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $927 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $300k).
• Recommended offer: $264k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 3.8% in West Palm 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 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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: Westward Elementary School (math 30% / reading 29%, grade F, #1,896 of 2,144 statewide, top 90%, 500 students, 81% FRL); Bear Lakes Middle School (math 19% / reading 33%, grade F, #506 of 571 statewide, top 89%, 842 students, 74% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 75% FRL vs 52% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 50% district-wide (-24 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 (+5.2%/yr); 507 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 + 5.2% rent growth), your $84k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 266 days — a 12% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $125k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $260k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $264,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 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 1960 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F 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?
7. 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.
8. 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.
9. 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: 1.29% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.24%
• DSCR: 1.59
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.15% rent growth · sell at horizon

5-year hold

• IRR: 5.7%
• Equity multiple: 1.23×
• Total profit: $19,079
• Equity at exit: $44,731

10-year hold

• IRR: 17.0%
• Equity multiple: 2.54×
• Total profit: $129,724
• Equity at exit: $25,939

Cash invested: $84,000 (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 33401

• Rents YoY: 5.2%
• Active inventory: 507
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $3,874 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$425 /mo · $5,100/yr
• Insurance: −$125
• HOA: −$10
• Vacancy / Maint / Mgmt: −$813
• Net cashflow: $927

Break-even live

Break-even rent $2,700

Max offer price $300,000

Occupancy floor 71%

Sensitivity live

Price	-10% $1,097	-5% $1,012	+0% $927	+5% $842	+10% $757
Rent	-10% $621	-5% $774	+0% $927	+5% $1,080	+10% $1,233
Rate	-1.0pp $1,078	-0.5pp $1,003	base $927	+0.5pp $849	+1.0pp $770

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
921 8th St West Palm Beach, FL	3.0	1.0	1000	$3,395	$3.40	25d	1	0.53mi
926 14th St West Palm Beach, FL	4.0	2.0	1050	$3,000	$2.86	16d	1	0.64mi
823 14th St West Palm Beach, FL	3.0	1.0	1000	$3,495	$3.50	25d	1	0.73mi
300 S Australian Ave #1608 West Palm Beach, FL	2.0	2.0	1085	$6,000	$5.53	25d	1	0.74mi
201 Clearwater Dr West Palm Beach, FL	2.0	1.0–2.0	731	$6,632	$9.07	12d	16	0.76mi
201 Clearwater Dr West Palm Beach, FL	2.0	1.0–2.0	727	$4,653	$6.40	25d	19	0.76mi
1104 State St Unit C West Palm Beach, FL	3.0	1.0	875	$3,000	$3.43	25d	1	0.79mi
609 2nd St West Palm Beach, FL	2.0	2.0	1063	$3,240	$3.05	25d	1	0.84mi
609 2nd St West Palm Beach, FL	2.0	2.0	978	$3,015	$3.08	20d	1	0.84mi
609 2nd St West Palm Beach, FL	2.0	2.0	978	$3,325	$3.40	4d	1	0.84mi
290 Courtney Lakes Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1069	$3,250	$3.04	21d	19	0.90mi
616 Clearwater Park Rd West Palm Beach, FL	2.0	2.0	1090	$3,348	$3.07	15d	2	0.97mi
616 Clearwater Park Rd West Palm Beach, FL	2.0	2.0	1112	$3,348	$3.01	6d	2	0.97mi
616 Clearwater Park Rd West Palm Beach, FL	2.0	2.0	1090	$3,248	$2.98	13d	3	0.97mi
616 Clearwater Park Rd West Palm Beach, FL	2.0	2.0	1130	$3,245	$2.87	4d	3	0.97mi
616 Clearwater Park Rd Unit Lp01 West Palm Beach, FL	2.0	2.0	1112	$3,495	$3.14	25d	1	0.97mi
591 Evernia St West Palm Beach, FL	2.0	1.0–2.0	943	$6,321	$6.70	0d	22	1.01mi
805 N Olive Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	852	$3,704	$4.35	0d	15	1.09mi
630 S Sapodilla Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	948	$3,950	$4.17	25d	2	1.12mi
630 S Sapodilla Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	948	$3,950	$4.17	19d	3	1.12mi
345 Banyan Blvd West Palm Beach, FL	3.0	1.0–2.0	1023	$6,857	$6.70	2d	19	1.15mi
720 S Sapodilla Ave #502 West Palm Beach, FL	2.0	2.0	1120	$3,750	$3.35	25d	1	1.16mi
499 Evernia St West Palm Beach, FL	2.0	1.0–2.0	827	$4,114	$4.97	0d	26	1.19mi
780 S Sapodilla Ave West Palm Beach, FL	2.0	2.0	1120	$5,125	$4.58	9d	2	1.19mi
290 N Olive Ave West Palm Beach, FL	2.0	1.0–2.0	870	$4,834	$5.55	0d	20	1.23mi
651 Okeechobee Blvd West Palm Beach, FL	1.0–2.0	1.0–2.5	887	$5,000	$5.63	15d	5	1.24mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$3,375	$3.21	25d	3	1.24mi
651 Okeechobee Blvd Unit 651 West Palm Beach, FL	2.0	2.0	1040	$3,000	$2.88	17d	1	1.24mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$4,050	$3.86	3d	5	1.24mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$3,500	$3.33	23d	2	1.24mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1078	$3,998	$3.71	3d	6	1.24mi
333 Fern St West Palm Beach, FL	2.0	1.0–2.0	1121	$5,778	$5.15	0d	1	1.26mi
917 N Flagler Dr #311 West Palm Beach, FL	2.0	2.0	968	$3,000	$3.10	25d	1	1.26mi
1710 N Congress Ave West Palm Beach, FL	1.0–3.0	1.0–2.0	1210	$3,745	$3.10	25d	4	1.27mi
101 N Clematis St West Palm Beach, FL	1.0–4.0	1.5–4.5	1906	$19,900	$10.44	25d	2	1.30mi
480 Hibiscus St West Palm Beach, FL	1.0–2.0	1.0–2.0	867	$4,850	$5.59	4d	4	1.31mi
480 Hibiscus St West Palm Beach, FL	1.0–2.0	1.5–2.0	885	$4,850	$5.48	25d	3	1.31mi
1801 N Flagler Dr West Palm Beach, FL	1.0–2.0	1.0–2.0	1125	$4,500	$4.00	3d	7	1.32mi
1801 N Flagler Dr West Palm Beach, FL	1.0–2.0	1.0–2.0	998	$4,250	$4.26	19d	4	1.32mi
1801 N Flagler Dr West Palm Beach, FL	1.0–2.0	1.0–2.0	998	$4,250	$4.26	25d	3	1.32mi

HOA detail

• Monthly dues: $10 · $120/yr
• Likely covers: water

Listing history 18 events

1. 2026-04-02
   price $300,000
2. 2026-02-26
   price $310,000
3. 2026-02-06
   price $320,000
4. 2025-12-04
   price $340,000
5. 2025-10-20
   price $390,000
6. 2025-09-15
   price $405,000
7. 2025-09-04
   listed $425,000 Active
8. 2023-08-16
   historical
9. 2023-06-09
   soldstatus $260,000
10. 2023-06-07
    soldstatus $260,000 Closed 316-char remark

    Show marketing remark (316 chars)

    Location Location Location! Three bedrooms, one bath. Laminate flooring in all bedrooms, tile in the kitchen and bathrooms throughout living areas. Great time to Invest your money, minutes from the well known Palm Beach Outlet Mall and Downtown West Palm Beach. Near Water, Tri-rail, Brightline and the Intra Costal.

11. 2023-05-15
    status Pending 316-char remark

    Show marketing remark (316 chars)

    Location Location Location! Three bedrooms, one bath. Laminate flooring in all bedrooms, tile in the kitchen and bathrooms throughout living areas. Great time to Invest your money, minutes from the well known Palm Beach Outlet Mall and Downtown West Palm Beach. Near Water, Tri-rail, Brightline and the Intra Costal.

12. 2023-05-05
    listed $250,000 Active 316-char remark

    Show marketing remark (316 chars)

    Location Location Location! Three bedrooms, one bath. Laminate flooring in all bedrooms, tile in the kitchen and bathrooms throughout living areas. Great time to Invest your money, minutes from the well known Palm Beach Outlet Mall and Downtown West Palm Beach. Near Water, Tri-rail, Brightline and the Intra Costal.

13. 2023-04-12
    status Pending
14. 2023-03-17
    historical Active Under Contract
15. 2023-03-17
    historical
16. 2023-03-03
    price $250,000
17. 2022-11-23
    listed $270,000 Active
18. 1983-12-01
    soldstatus $36,900

ⓘ 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: $5,100 · $425/mo
• Projected year-2 tax: $5,100 · $425/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 10/10 Extreme 7 d/yr ≥105°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,483
• − Mortgage interest: −$16,805
• − Property taxes: −$5,100
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,719
• − Management: −$3,719
• − HOA: −$120
• − Depreciation: −$8,727
• Taxable income: $6,794
• Est. tax owed @ 24.0%: −$1,631
• After-tax cash flow: $9,493/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 — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,698
• Household income: $67,967
• Rent vs Own: 62.5% rent · 37.5% own
• Severe rent burden: 2953.0

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 43% Black 32% Hispanic / Latino 17% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3%
• Common ancestry: Hispanic 6% Slovak 2% Romanian 2%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 13% French/Haitian/Cajun 7% Other Asian/Pacific 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: ▼ -324.96%
• Current HPI: 367.0978
• Rent YoY: ▲ 5.15%
• 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

+713.0% since first listed

18 events — show timeline

• 2026-04-02 Price Changed $300,000 MARMLS
• 2026-02-26 Price Changed $310,000 MARMLS
• 2026-02-06 Price Changed $320,000 MARMLS
• 2025-12-04 Price Changed $340,000 MARMLS
• 2025-10-20 Price Changed $390,000 MARMLS
• 2025-09-15 Price Changed $405,000 MARMLS
• 2025-09-04 Listed $425,000 MARMLS
• 2023-08-16 Rental Removed — MARMLS
• 2023-06-09 Sold (Public Records) $260,000 Public Records
• 2023-06-07 Sold (MLS) $260,000 Beaches MLS
• 2023-05-15 Pending — Beaches MLS
• 2023-05-05 Listed $250,000 Beaches MLS
• 2023-04-12 Pending — Beaches MLS
• 2023-03-17 Contingent — Beaches MLS
• 2023-03-17 Listing Removed — Beaches MLS
• 2023-03-03 Price Changed $250,000 Beaches MLS
• 2022-11-23 Listed $270,000 Beaches MLS
• 1983-12-01 Sold (Public Records) $36,900 Public Records

Property tax history

+13.4%/yr

Latest (2025): $5,100 · +10.5% YoY. Source: county tax records.