230 NE 26th Ave #3020 · Boynton Beach, FL 33435

$125,000

2 bd · 2.0 ba · 1,080 sqft · Condo public records · 146 Days on market

Built 1976 $624/mo HOA · 29% 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 +25.3/30.0
• 1% rule +10.0/10.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FABULOUS FLORIDA 2 BED-2BATH LIGHT, BRIGHT, UPDATED READY TO BE ENJOYED TILE KITCHEN, HALL AND FLORIDA ROOM, EATIN KITCHEN, ENCLOSED FLORIDA ROOM, UPDATED BATHS, LOTS OF CLOSETS, APPLIANCE CONTRACT, GREAT LIFESTYLE HERE 2 CLUBHOUSES 2 POOLS LOADS OF ACTIVITES SHOWS, TRIPS, MOVIES, GAMES COURTSEY BUS SCHEDULE SEE VIRTUAL TOUR

Key facts

• Functional kitchen
• Primary suite
• Florida room

Tags

• FLORIDA ROOM
• GARDEN VIEWS
• ELEVATOR ACCESS
• LIVING AND DINING AREA
• FUNCTIONAL KITCHEN
• PRIMARY SUITE

Property features AI

Finance

• HOA & community: Monthly HOA fee (includes cable TV, insurance, trash, water, common areas, common real estate tax, recreation facility); Community amenities: billiard room, clubhouse, shuffleboard court, bocce ball, pickleball court(s); Senior community; Has association

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Three-phase electric service; Public sewer; Water available; Cable available
• Home design: Condominium; Resale; 4-story building; North-facing
• Construction: CBS construction; Other roof
• Exterior features: No waterfront; Public road frontage (west of US-1)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 main-level bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Walk-in closets; Stacked bedroom layout; Blinds; Storm windows

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.3% in Boynton 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 72/100 on livability (#351 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, cost of living B; Watch: amenities D+, crime D-, commute 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.
• Market conditions: Rents rising (+3.6%/yr); 536 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 38% of the median local income ($68k/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 $864 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.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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 $60k; list at $125k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% 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 $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 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 1976 — 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. 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?
8. 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.
9. 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.
10. 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: 1.70% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.71%
• DSCR: 1.43
• GRM: 4.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-470
• Equity at exit: $18,638

10-year hold

• IRR: 10.5%
• Equity multiple: 1.86×
• Total profit: $30,033
• Equity at exit: $10,808

Cash invested: $35,000 (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 33435

• Rents YoY: 3.6%
• Active inventory: 536
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,131 high
• Mortgage (P&I): −$656
• Tax from tax record: −$68 /mo · $819/yr
• Insurance: −$52
• HOA: −$624
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $283

Break-even live

Break-even rent $1,772

Max offer price $125,000

Occupancy floor 82%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
230 NE 26th Ave Boynton Beach, FL	1.0–2.0	1.5–2.0	857	$1,650	$1.93	17d	2	0.02mi
230 NE 26th Ave #1070 Boynton Beach, FL	1.0	1.5	754	$1,620	$2.15	11d	1	0.03mi
130 NE 26th Ave #307 Boynton Beach, FL	2.0	2.0	982	$3,500	$3.56	24d	1	0.06mi
2615 NE 1st Ct Boynton Beach, FL	2.0	2.0	960	$1,850	$1.93	18d	2	0.08mi
2615 NE 1st Ct #403 Boynton Beach, FL	2.0	2.0	960	$2,100	$2.19	24d	1	0.08mi
2600 NE 1st Ln #418 Boynton Beach, FL	2.0	2.0	1182	$1,750	$1.48	24d	1	0.10mi
300 NE 26th Ave #1040 Boynton Beach, FL	2.0	2.0	1080	$1,559	$1.44	24d	1	0.12mi
2400 NE 1st Ln #206 Boynton Beach, FL	1.0	1.5	754	$1,800	$2.39	15d	1	0.18mi
2515 NE 2nd Ct #202 Boynton Beach, FL	2.0	2.0	960	$1,499	$1.56	24d	1	0.18mi
330 NE 26th Ave Unit 108 Boynton Beach, FL	1.0	1.5	754	$1,600	$2.12	2d	1	0.20mi
330 NE 26th Ave Unit 108 Boynton Beach, FL	1.0	1.5	754	$1,375	$1.82	24d	1	0.20mi
2601 3rd Ct NE #202 Boynton Beach, FL	2.0	2.0	982	$1,500	$1.53	18d	1	0.24mi
2615 NE 3rd Ct #4030 Boynton Beach, FL	2.0	2.0	960	$1,699	$1.77	5d	1	0.24mi
2100 N Seacrest Blvd Boynton Beach, FL	3.0	1.0	1056	$2,900	$2.75	17d	1	0.35mi
8076 Ambach Way Hypoluxo, FL	2.0	2.0	1243	$2,200	$1.77	24d	1	0.36mi
2639 NE 4th St Boynton Beach, FL	3.0	2.0	1300	$2,895	$2.23	5d	1	0.39mi
2122 NE 1st St Boynton Beach, FL	2.0	1.0	1362	$2,300	$1.69	12d	1	0.42mi
1214 Highview Rd Lantana, FL	3.0	2.0	768	$2,300	$2.99	2d	1	0.42mi
1236 Peak Rd Lantana, FL	2.0	1.0	1170	$2,150	$1.84	24d	1	0.46mi
4 Crossings Cir Unit B Boynton Beach, FL	2.0	1.5	864	$1,950	$2.26	24d	1	0.46mi
661 Waterside Dr Hypoluxo, FL	2.0	2.0	768	$2,000	$2.60	24d	1	0.47mi
7 Crossings Cir Boynton Beach, FL	2.0	1.5	864	$2,500	$2.89	24d	1	0.48mi
108 NE 20th Ave #206 Boynton Beach, FL	2.0	2.0	860	$1,800	$2.09	19d	1	0.48mi
977 Miner Rd Lantana, FL	3.0	1.0	1100	$3,195	$2.90	2d	1	0.49mi
30 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$2,400	$2.78	18d	1	0.49mi
2202 NE 3rd St Boynton Beach, FL	3.0	2.0	902	$3,000	$3.33	17d	1	0.50mi
17 Crossings Cir Unit E Boynton Beach, FL	2.0	2.0	864	$1,900	$2.20	24d	1	0.50mi
14 Crossings Cir Unit E Boynton Beach, FL	2.0	2.0	953	$2,300	$2.41	24d	1	0.51mi
221 Waterside Dr #221 Hypoluxo, FL	3.0	2.5	1259	$2,100	$1.67	3d	1	0.51mi
117 Waterside Dr #117 Hypoluxo, FL	2.0	2.0	768	$2,000	$2.60	24d	1	0.51mi
368 Waterside Dr Hypoluxo, FL	2.0	2.5	1152	$2,500	$2.17	24d	1	0.51mi
338 Waterside Dr Hypoluxo, FL	3.0	2.5	1259	$2,100	$1.67	5d	1	0.51mi
221 Waterside Dr #221 Hypoluxo, FL	3.0	2.5	1259	$2,200	$1.75	24d	1	0.51mi
176 Waterside Dr Hypoluxo, FL	3.0	2.0	1024	$2,500	$2.44	19d	1	0.51mi
369 Waterside Dr Hypoluxo, FL	2.0	2.5	1128	$2,250	$1.99	24d	1	0.51mi
314 Waterside Dr Hypoluxo, FL	2.0	2.5	1128	$1,850	$1.64	24d	1	0.51mi
27 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$1,900	$2.20	15d	1	0.54mi
2202 NE 4th St #10 Boynton Beach, FL	2.0	1.0	757	$1,900	$2.51	3d	1	0.57mi
3265 E Palm Dr Boynton Beach, FL	3.0	2.0	744	$2,600	$3.49	24d	1	0.57mi
24 Crossings Cir Unit H Boynton Beach, FL	2.0	2.0	864	$2,050	$2.37	24d	1	0.59mi

HOA detail condo

• Monthly dues: $624 · $7,488/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $125,000 Active 146 DOM
2. 2026-06-17
   days on market $125,000 Active 145 DOM
3. 2026-06-16
   days on market $125,000 Active 144 DOM
4. 2026-06-15
   days on market $125,000 Active 143 DOM
5. 2026-06-13
   days on market $125,000 Active 141 DOM
6. 2026-06-09
   days on market $125,000 Active 137 DOM
7. 2026-06-07
   days on market $125,000 Active 135 DOM
8. 2026-06-04
   days on market $125,000 Active 132 DOM
9. 2026-06-03
   days on market $125,000 Active 131 DOM
10. 2026-06-01
    days on market $125,000 Active 129 DOM
11. 2026-05-31
    days on market $125,000 Active 128 DOM
12. 2026-02-16
    price $125,000
13. 2026-01-23
    listed $130,000 Active
14. 2026-01-07
    historical $1,700
15. 2026-01-01
    listed $1,700
16. 2025-12-21
    historical $1,700
17. 2025-12-18
    listed $1,700
18. 2025-11-28
    historical $1,700
19. 2025-11-16
    listed $1,700
20. 2017-06-29
    soldstatus $60,000
21. 2005-03-24
    soldstatus $89,900
22. 2005-03-22
    soldstatus $89,900 326-char remark

    Show marketing remark (326 chars)

    FABULOUS FLORIDA 2 BED-2BATH LIGHT, BRIGHT, UPDATED READY TO BE ENJOYED TILE KITCHEN, HALL AND FLORIDA ROOM, EATIN KITCHEN, ENCLOSED FLORIDA ROOM, UPDATED BATHS, LOTS OF CLOSETS, APPLIANCE CONTRACT, GREAT LIFESTYLE HERE 2 CLUBHOUSES 2 POOLS LOADS OF ACTIVITES SHOWS, TRIPS, MOVIES, GAMES COURTSEY BUS SCHEDULE SEE VIRTUAL TOUR

23. 2005-03-07
    historical 326-char remark

    Show marketing remark (326 chars)

    FABULOUS FLORIDA 2 BED-2BATH LIGHT, BRIGHT, UPDATED READY TO BE ENJOYED TILE KITCHEN, HALL AND FLORIDA ROOM, EATIN KITCHEN, ENCLOSED FLORIDA ROOM, UPDATED BATHS, LOTS OF CLOSETS, APPLIANCE CONTRACT, GREAT LIFESTYLE HERE 2 CLUBHOUSES 2 POOLS LOADS OF ACTIVITES SHOWS, TRIPS, MOVIES, GAMES COURTSEY BUS SCHEDULE SEE VIRTUAL TOUR

24. 2005-01-27
    listed $89,900 326-char remark

    Show marketing remark (326 chars)

    FABULOUS FLORIDA 2 BED-2BATH LIGHT, BRIGHT, UPDATED READY TO BE ENJOYED TILE KITCHEN, HALL AND FLORIDA ROOM, EATIN KITCHEN, ENCLOSED FLORIDA ROOM, UPDATED BATHS, LOTS OF CLOSETS, APPLIANCE CONTRACT, GREAT LIFESTYLE HERE 2 CLUBHOUSES 2 POOLS LOADS OF ACTIVITES SHOWS, TRIPS, MOVIES, GAMES COURTSEY BUS SCHEDULE SEE VIRTUAL TOUR

25. 2000-04-27
    soldstatus $21,000

ⓘ 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: $819 · $68/mo
• Projected year-2 tax: $1,038 · $86/mo
• Expected delta: +$218/yr (+$18/mo · 26.7%)

ⓘ 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 ≥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: $25,567
• − Mortgage interest: −$7,002
• − Property taxes: −$819
• − Insurance: −$625
• − Repairs & maintenance: −$2,045
• − Management: −$2,045
• − HOA: −$7,488
• − Depreciation: −$3,636
• Taxable income: $1,906
• Est. tax owed @ 24.0%: −$457
• After-tax cash flow: $2,942/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 — Boynton Beach

• Score: 72/100
• State rank: #351
• US rank: #6098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Boynton Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 148,060
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,833
• Household income: $67,979
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 1623.0

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 0.65)
• Race & ethnicity: White 41% Black 40% Hispanic / Latino 15% Two or more races 10%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Hispanic 23% Romanian 2% Lithuanian 2%
• Foreign-born: 30% · Canada, Jamaica
• Languages at home: 61% English-only · French/Haitian/Cajun 24% Spanish 11% 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: ▼ -345.86%
• Current HPI: 371.0527
• Rent YoY: ▲ 3.64%
• 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

+495.2% since first listed

14 events — show timeline

• 2026-02-16 Price Changed $125,000 Beaches MLS
• 2026-01-23 Listed $130,000 Beaches MLS
• 2026-01-07 Rental Removed $1,700 GFLMLS
• 2026-01-01 Listed for Rent $1,700 GFLMLS
• 2025-12-21 Rental Removed $1,700 GFLMLS
• 2025-12-18 Listed for Rent $1,700 GFLMLS
• 2025-11-28 Rental Removed $1,700 GFLMLS
• 2025-11-16 Listed for Rent $1,700 GFLMLS
• 2017-06-29 Sold (Public Records) $60,000 Public Records
• 2005-03-24 Sold (Public Records) $89,900 Public Records
• 2005-03-22 Sold (MLS) $89,900 Beaches MLS
• 2005-03-07 Listing Removed — Beaches MLS
• 2005-01-27 Listed $89,900 Beaches MLS
• 2000-04-27 Sold (Public Records) $21,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $819 · +2.0% YoY. Source: county tax records.