401 N J St #5 · Lake Worth Beach, FL 33460

$150,000

1 bd · 1.0 ba · 629 sqft · Condo public records · 287 Days on market

Built 1971 $335/mo HOA · 20% 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 +18.1/30.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• DSCR +5.7/10.0
• Schools +4.3/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Condo ion the Heart of Lake Worth. Just a short stroll or ride to Lake and Lucerne Avenues and just minutes to the beach and shopping. The grounds are in pristine condition with assigned parking. The new Publix will be one block away.

Key facts

• Recently updated
• Elegant tile floors
• Assigned parking

Tags

• ASSIGNED PARKING
• SHORT STROLL TO BEACH
• SHORT BIKE RIDE TO SHOPS
• RECENTLY UPDATED
• ELEGANT TILE FLOORS

Property features AI

Finance

• Financial info: Community contains 12 units; Pets allowed with possible restrictions (number and size limits may apply)
• HOA & community: HOA with monthly fee; HOA amenities include parking; HOA fee covers maintenance of grounds, sewer, trash, water, and common areas

Exterior

• Parking: Assigned parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Condominium; 2-story building; Resale; Faces south
• Construction: CBS construction
• Exterior features: Not waterfront

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating (window/wall units); Electric cooling (wall/window unit(s))
• Interior features: Walk-in closet; Unfurnished
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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 (+3.5%/yr); 249 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $4k 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 287 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y ago; this cycle's ask has dropped $35k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $150k implies a 445% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 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 1971 — 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. 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 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: 1.13% ✓
• Cap rate: 7.34%
• Cash-on-cash: 3.75%
• DSCR: 1.17
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.65×
• Total profit: $-14,890
• Equity at exit: $22,365

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,141
• Equity at exit: $12,969

Cash invested: $42,000 (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 33460

• Rents YoY: 3.5%
• Active inventory: 249
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,702 high
• Mortgage (P&I): −$787
• Tax from tax record: −$29 /mo · $346/yr
• Insurance: −$62
• HOA: −$335
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $131

Break-even live

Break-even rent $1,535

Max offer price $150,000

Occupancy floor 87%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
417 N K St Unit 1A Lake Worth Beach, FL	1.0	1.0	620	$1,550	$2.50	5d	1	0.07mi
325 N L St Lake Worth Beach, FL	2.0	1.0	500	$1,600	$3.20	24d	1	0.10mi
312 N H St Unit A Lake Worth Beach, FL	2.0	2.0	594	$2,200	$3.70	24d	1	0.12mi
430 N L St Lake Worth Beach, FL	1.0	1.0	523	$2,475	$4.73	24d	1	0.15mi
430 N L St Lake Worth Beach, FL	1.0	1.0	523	$2,190	$4.19	19d	1	0.15mi
317 N H St Unit B Lake Worth Beach, FL	1.0	1.0	420	$1,200	$2.86	24d	1	0.15mi
301 N Federal Hwy #2 Lake Worth, FL	—	1.0	400	$1,465	$3.66	2d	1	0.22mi
509 6th Ave N Unit 3B Lake Worth, FL	1.0	1.0	540	$1,595	$2.95	24d	1	0.23mi
526 6th Ave N Unit 519 Lake Worth Beach, FL	1.0	1.0	700	$1,395	$1.99	22d	1	0.23mi
0 N K St Lake Worth Beach, FL	—	1.0	500	$1,450	$2.90	24d	1	0.29mi
625 N M St #1 Lake Worth Beach, FL	1.0	1.0	640	$1,600	$2.50	24d	1	0.29mi
605 N Federal Hwy #9 Lake Worth Beach, FL	—	1.0	400	$1,650	$4.12	15d	1	0.29mi
605 N Federal Hwy Unit 13 Lake Worth Beach, FL	—	1.0	500	$1,600	$3.20	15d	1	0.29mi
318 N E St Lake Worth Beach, FL	—	1.0	584	$1,800	$3.08	14d	1	0.31mi
702 N L St Lake Worth, FL	1.0	1.0	643	$1,474	$2.29	5d	2	0.32mi
413 N E St Lake Worth Beach, FL	2.0	1.0	646	$2,000	$3.10	24d	1	0.34mi
223 N E St Unit 4 Lake Worth Beach, FL	1.0	1.0	650	$1,695	$2.61	24d	1	0.34mi
417 N E St Unit 36 Lake Worth Beach, FL	1.0	1.0	650	$1,550	$2.38	12d	1	0.35mi
417 N E St Unit 39 Lake Worth Beach, FL	1.0	1.0	700	$1,550	$2.21	24d	1	0.35mi
30 S J St #14 Lake Worth Beach, FL	1.0	1.0	620	$1,500	$2.42	24d	1	0.35mi
17 S L St #4 Lake Worth Beach, FL	—	1.0	400	$1,700	$4.25	24d	1	0.35mi
721 N M St Lake Worth Beach, FL	1.0	1.0	450	$1,800	$4.00	24d	1	0.35mi
626 N Federal Hwy Unit 3 Lake Worth Beach, FL	1.0	1.0	640	$1,600	$2.50	24d	1	0.36mi
35 S J St Lake Worth Beach, FL	1.0	1.0	500	$2,095	$4.19	24d	1	0.36mi
14 S M St Apt 3 Lake Worth Beach, FL	1.0	1.0	600	$1,800	$3.00	3d	1	0.37mi
817 N J St Lake Worth, FL	2.0	1.0	652	$2,000	$3.07	24d	1	0.39mi
801 N H St #1 Lake Worth Beach, FL	1.0	1.0	600	$1,550	$2.58	24d	1	0.40mi
110 S K St Unit 2 Lake Worth, FL	—	1.0	400	$1,350	$3.38	8d	1	0.40mi
124 N Palmway Apt 5 Lake Worth Beach, FL	1.0	1.0	624	$1,525	$2.44	24d	1	0.40mi
120 N Palmway Unit 5 Lake Worth Beach, FL	1.0	1.0	622	$1,525	$2.45	5d	1	0.42mi
1307 Lucerne Ave Unit 1 Lake Worth Beach, FL	1.0	1.0	528	$1,325	$2.51	5d	1	0.43mi
1307 Lucerne Ave Unit 1 Lake Worth Beach, FL	1.0	1.0	528	$1,400	$2.65	24d	1	0.43mi
112 Lake Ave Unit 10 Lake Worth Beach, FL	—	1.0	450	$1,850	$4.11	8d	1	0.46mi
717 2nd Ave S Unit 5 Lake Worth Beach, FL	1.0	1.0	550	$1,995	$3.63	24d	1	0.46mi
715 2nd Ave S Unit 3 Lake Worth Beach, FL	1.0	1.0	550	$1,995	$3.63	15d	1	0.46mi
715 2nd Ave S Unit 1 Lake Worth Beach, FL	1.0	1.0	550	$1,995	$3.63	24d	1	0.46mi
201 S J St #6 Lake Worth Beach, FL	2.0	1.0	680	$1,950	$2.87	15d	1	0.47mi
201 S J St Lake Worth, FL	1.0–2.0	1.0	570	$1,450	$2.54	19d	2	0.47mi
504 9th Ave N Unit 508 Lake Worth Beach, FL	1.0	1.0	625	$1,650	$2.64	21d	1	0.47mi
405 2nd Ave S Unit 405 B Lake Worth Beach, FL	1.0	1.0	680	$1,350	$1.99	24d	1	0.51mi

HOA detail condo

• Monthly dues: $335 · $4,020/yr
• Likely covers: landscapingparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-18
   days on market $150,000 Active 287 DOM
2. 2026-06-17
   days on market $150,000 Active 286 DOM
3. 2026-06-16
   days on market $150,000 Active 285 DOM
4. 2026-06-15
   days on market $150,000 Active 284 DOM
5. 2026-06-13
   days on market $150,000 Active 282 DOM
6. 2026-06-09
   days on market $150,000 Active 278 DOM
7. 2026-06-07
   days on market $150,000 Active 276 DOM
8. 2026-06-04
   days on market $150,000 Active 273 DOM
9. 2026-06-03
   days on market $150,000 Active 272 DOM
10. 2026-06-01
    days on market $150,000 Active 270 DOM
11. 2026-05-31
    days on market $150,000 Active 269 DOM
12. 2026-05-18
    price $150,000
13. 2025-12-04
    price $155,000
14. 2025-11-25
    price $165,000
15. 2025-10-01
    price $175,000
16. 2025-09-04
    listed $185,000 Active
17. 2025-08-28
    historical
18. 2025-05-15
    price $185,000
19. 2025-03-04
    listed $195,000 Active
20. 2010-04-28
    soldstatus $27,500
21. 2010-04-23
    soldstatus $27,500 243-char remark

    Show marketing remark (243 chars)

    Charming Condo ion the Heart of Lake Worth. Just a short stroll or ride to Lake and Lucerne Avenues and just minutes to the beach and shopping. The grounds are in pristine condition with assigned parking. The new Publix will be one block away.

22. 2010-03-04
    historical 243-char remark

    Show marketing remark (243 chars)

    Charming Condo ion the Heart of Lake Worth. Just a short stroll or ride to Lake and Lucerne Avenues and just minutes to the beach and shopping. The grounds are in pristine condition with assigned parking. The new Publix will be one block away.

23. 2010-01-26
    listed $42,000 243-char remark

    Show marketing remark (243 chars)

    Charming Condo ion the Heart of Lake Worth. Just a short stroll or ride to Lake and Lucerne Avenues and just minutes to the beach and shopping. The grounds are in pristine condition with assigned parking. The new Publix will be one block away.

24. 2009-08-17
    historical
25. 2009-04-16
    listed $49,000
26. 2004-01-16
    soldstatus $31,000
27. 1999-07-08
    soldstatus $23,000
28. 1999-06-30
    soldstatus $23,000
29. 1999-06-14
    historical
30. 1999-02-22
    listed $24,900
31. 1981-03-01
    soldstatus $36,000

ⓘ 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: $346 · $29/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$899/yr (+$75/mo · 259.5%)

ⓘ 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 10/10 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: $20,421
• − Mortgage interest: −$8,402
• − Property taxes: −$346
• − Insurance: −$750
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − HOA: −$4,020
• − Depreciation: −$4,364
• Taxable loss: −$728
• Est. tax savings @ 24.0%: +$175
• After-tax cash flow: $1,752/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 — Lake Worth Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Lake Worth Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 129,577
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,795
• Household income: $62,090
• Rent vs Own: 55.6% rent · 44.4% own
• Severe rent burden: 2429.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 49% White 30% Two or more races 21% Black 17%
• Hispanic origin (detail): Mexican 5% Puerto Rican 5% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 8% Lithuanian 2% Slovak 1%
• Foreign-born: 40% · Canada, Jamaica
• Languages at home: 44% English-only · Spanish 42% French/Haitian/Cajun 9% 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: ▼ -345.65%
• Current HPI: 484.2793
• Rent YoY: ▲ 3.53%
• 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

+316.7% since first listed

20 events — show timeline

• 2026-05-18 Price Changed $150,000 Beaches MLS
• 2025-12-04 Price Changed $155,000 Beaches MLS
• 2025-11-25 Price Changed $165,000 Beaches MLS
• 2025-10-01 Price Changed $175,000 Beaches MLS
• 2025-09-04 Listed $185,000 Beaches MLS
• 2025-08-28 Listing Removed — Beaches MLS
• 2025-05-15 Price Changed $185,000 Beaches MLS
• 2025-03-04 Listed $195,000 Beaches MLS
• 2010-04-28 Sold (Public Records) $27,500 Public Records
• 2010-04-23 Sold (MLS) $27,500 Beaches MLS
• 2010-03-04 Listing Removed — Beaches MLS
• 2010-01-26 Listed $42,000 Beaches MLS
• 2009-08-17 Listing Removed — Beaches MLS
• 2009-04-16 Listed $49,000 Beaches MLS
• 2004-01-16 Sold (Public Records) $31,000 Public Records
• 1999-07-08 Sold (Public Records) $23,000 Public Records
• 1999-06-30 Sold (MLS) $23,000 Beaches MLS
• 1999-06-14 Listing Removed — Beaches MLS
• 1999-02-22 Listed $24,900 Beaches MLS
• 1981-03-01 Sold (Public Records) $36,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $346 · +8.1% YoY. Source: county tax records.