137 W 34th St · Riviera Beach, FL 33404

$354,950

2 bd · 2.0 ba · 1,216 sqft · SingleFamily public records · 128 Days on market

Built 1955 7,258 sqft lot Est $381k · 7% under

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Why this score? — see what drove the D- 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 +10.7/30.0
• ARV discount +10.5/15.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

New Shingle roof being installed!!! Seller Financing Available - Flexible Opportunity. Seller financing offered with 15% down, 6.5% interest, amortized over 30 years with a balloon payment (only negotiable term); all other terms fixed. Seller to install a new shingle roof prior to closing (flat roof approximately 5 years old). Financing options include Conventional, FHA, VA, or Seller Financing. Alternative seller financing terms available at 15% down, 6.5% interest, with a 30-year amortization and 3-year balloon. Well-maintained 3BR/2BA CBS home offering 1,215 sq. ft. under air. Features include tile flooring throughout, a recently updated kitchen with newer appliances, updated windows, a

Key facts

• Updated appliances
• Newer roof
• Updated windows

Tags

• UPDATED KITCHEN
• UPDATED APPLIANCES
• NEWER ROOF
• UPDATED WINDOWS
• SEPARATE LAUNDRY ROOM
• LARGE BACKYARD

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Utilities: Public water; Public sewer; Three-phase electric service; Cable available; Water available; Sewer available
• Home design: Single-family residence; One story; Resale property; Faces north; Road frontage west of US-1
• Construction: Concrete/CBS construction; Composition/shingle roof
• Exterior features: Sidewalks; Paved road frontage; Not waterfront

Interior

• Kitchen: Electric range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Built-in features
• Laundry & utility: Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $355k.

Deal economics

• At list price, monthly cash flow is $-167 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $326k (8.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (26.2% below list).
• Recommended offer: $262k (26.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#581 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A-; Watch: employment D, crime F, 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: Lincoln Elementary School (math 31% / reading 29%, grade F, #1,882 of 2,144 statewide, top 88%, 358 students, 84% FRL); John F. Kennedy Middle School (math 28% / reading 29%, grade F, #482 of 571 statewide, top 85%, 826 students, 78% FRL); Palm Beach Gardens High School (math 19% / reading 40%, grade F, #447 of 667 statewide, top 68%, 2,570 students, 61% FRL) — zoned schools average 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 50% district-wide (-20 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 soft (-0.7%/yr); 506 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $2,620/mo this rent would consume 48% of the median local household income ($65k/yr) (locally 1838% 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 $2k of loan paydown is wiped out by about $11k 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 128 days — a 12% lower offer ($312k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $355k implies a 944% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $261,989 (26.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.74% ✗
• Cap rate: 5.73%
• Cash-on-cash: -2.01%
• DSCR: 0.91
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $380,608
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
304 Foresteria Dr	0.52mi	3/2.0 (+1)	1,312 (+8%)	12mo	$410,000	$313	48

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.7%
• Equity multiple: 0.24×
• Total profit: $-75,898
• Equity at exit: $52,924

10-year hold

• IRR: -26.2%
• Equity multiple: -0.10×
• Total profit: $-109,805
• Equity at exit: $30,690

Cash invested: $99,386 (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 33404

• Home prices YoY: -31.1%
• Rents YoY: -0.7%
• Active inventory: 506
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,620 medium
• Mortgage (P&I): −$1,861
• Tax from tax record: −$227 /mo · $2,724/yr
• Insurance: −$148
• HOA: −$0
• Vacancy / Maint / Mgmt: −$550
• Net cashflow: $-167

Break-even live

Break-even rent $2,831

Max offer price $325,523

Occupancy floor —

Sensitivity live

Price	-10% $34	-5% $-66	+0% $-167	+5% $-267	+10% $-368
Rent	-10% $-374	-5% $-270	+0% $-167	+5% $-63	+10% $40
Rate	-1.0pp $12	-0.5pp $-76	base $-167	+0.5pp $-259	+1.0pp $-352

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: $88,738
• Closing costs: $10,648
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
220 Lake Shore Dr Lake Park, FL	1.0–3.0	1.5–3.5	2134	$14,498	$6.79	0d	19	0.36mi
520 W 28th St Riviera Beach, FL	3.0	1.0	1296	$6,000	$4.63	4d	1	0.46mi
410 Wilma Cir #103 Riviera Beach, FL	2.0	2.0	1056	$4,000	$3.79	16d	1	0.46mi
301 Lake Shore Dr #802 West Palm Beach, FL	2.0	2.0	1316	$3,000	$2.28	25d	1	0.47mi
400 Wilma Cir #309 Riviera Beach, FL	1.0	1.0	818	$4,000	$4.89	6d	1	0.50mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	23d	1	0.65mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	25d	1	0.65mi
901 W 37th St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	25d	1	0.67mi
301 Hawthorne Dr West Palm Beach, FL	3.0	2.0	1402	$3,200	$2.28	25d	1	0.72mi
913 Lake Shore Dr Lake Park, FL	1.0–2.0	1.0–2.0	1066	$3,731	$3.50	0d	10	0.80mi
1025 Sugar Sands Blvd #159 Riviera Beach, FL	1.0	1.0	987	$4,200	$4.26	25d	1	0.89mi
1030 Sugar Sands Blvd #171 Riviera Beach, FL	2.0	2.0	1143	$5,000	$4.37	25d	1	0.90mi
1060 Lake Shore Dr #201 West Palm Beach, FL	2.0	2.0	1206	$3,850	$3.19	19d	1	0.92mi
855 Date Palm Dr West Palm Beach, FL	3.0	3.0	1216	$3,150	$2.59	25d	1	0.94mi
1050 Sugar Sands Blvd #174 Riviera Beach, FL	3.0	2.0	1490	$5,400	$3.62	0d	1	0.95mi
1155 Lake Shore Dr #202 West Palm Beach, FL	2.0	2.0	1206	$4,750	$3.94	25d	1	0.98mi
220 Lake Dr #206 Palm Beach Shores, FL	2.0	2.0	1241	$4,000	$3.22	13d	1	1.23mi
1216 Surf Rd Riviera Beach, FL	3.0	2.5	1444	$3,900	$2.70	25d	1	1.26mi
1260 Manor Dr Riviera Beach, FL	2.0	2.0	1230	$4,500	$3.66	21d	1	1.30mi
308 Southwind Ct Unit 8 North Palm Beach, FL	2.0	2.0	1100	$2,900	$2.64	25d	1	1.38mi
1236 Beach Rd Unit 4 Riviera Beach, FL	2.0	1.5	912	$3,170	$3.48	25d	1	1.39mi
1236 Beach Rd Unit 3 Riviera Beach, FL	2.0	1.5	912	$2,950	$3.23	25d	1	1.39mi
3100 N Ocean Dr Unit 1210 H Riviera Beach, FL	2.0	2.5	1457	$13,000	$8.92	8d	1	1.40mi
3100 N Ocean Dr #606 Riviera Beach, FL	2.0	2.0	1456	$9,500	$6.52	25d	1	1.40mi
3000 N Ocean Ave Riviera Beach, FL	2.0	2.0	1491	$8,250	$5.53	4d	1	1.41mi
3400 N Ocean Dr Riviera Beach, FL	2.0	2.0–2.5	1597	$7,125	$4.46	4d	7	1.42mi
1279 Beach Rd Unit 3 West Palm Beach, FL	3.0	2.0	1250	$3,250	$2.60	8d	1	1.43mi
3100 N Ocean Dr Unit 1002 Riviera Beach, FL	2.0	2.0	1341	$16,500	$12.30	25d	1	1.44mi
2800 N Ocean Dr Unit B-12c Singer Island, FL	2.0	2.0	1219	$3,100	$2.54	4d	1	1.47mi
2800 N Ocean Dr Unit B-14d Riviera Beach, FL	2.0	2.0	1219	$7,500	$6.15	25d	1	1.47mi
2800 N Ocean Dr Unit B-9D Riviera Beach, FL	2.0	2.0	1219	$5,000	$4.10	25d	1	1.47mi
2800 N Ocean Dr Unit B-5c Riviera Beach, FL	2.0	2.0	1219	$3,500	$2.87	25d	1	1.47mi
2800 N Ocean Dr Unit B-23c Riviera Beach, FL	2.0	2.0	1219	$3,500	$2.87	18d	1	1.48mi
2800 N Ocean Dr Unit A-17C Riviera Beach, FL	2.0	2.0	1219	$2,950	$2.42	25d	1	1.48mi
2800 N Ocean Dr Unit A-24d Riviera Beach, FL	2.0	2.0	1219	$3,000	$2.46	23d	1	1.48mi
2800 N Ocean Dr Unit A-24d Riviera Beach, FL	2.0	2.0	1219	$3,000	$2.46	18d	1	1.48mi
2800 N Ocean Dr Unit A-16D Riviera Beach, FL	2.0	2.0	1219	$3,200	$2.63	4d	1	1.48mi
3000 N Ocean Dr Riviera Beach, FL	1.0–2.0	1.5–2.0	1300	$8,500	$6.54	25d	6	1.48mi
3000 N Ocean Dr Riviera Beach, FL	1.0–2.0	1.5–2.0	1300	$8,500	$6.54	16d	7	1.48mi
2800 N Ocean Dr West Palm Beach, FL	2.0	2.0	1219	$7,500	$6.15	23d	1	1.49mi

Listing history 17 events

1. 2026-06-21
   days on market $354,950 Active 128 DOM
2. 2026-06-18
   days on market $354,950 Active 125 DOM
3. 2026-06-17
   days on market $354,950 Active 124 DOM
4. 2026-06-16
   days on market $354,950 Active 123 DOM
5. 2026-06-15
   days on market $354,950 Active 122 DOM
6. 2026-06-13
   days on market $354,950 Active 120 DOM
7. 2026-06-09
   days on market $354,950 Active 116 DOM
8. 2026-06-07
   days on market $354,950 Active 114 DOM
9. 2026-06-04
   days on market $354,950 Active 111 DOM
10. 2026-06-03
    days on market $354,950 Active 110 DOM
11. 2026-06-01
    days on market $354,950 Active 108 DOM
12. 2026-05-31
    days on market $354,950 Active 107 DOM
13. 2026-05-03
    price $355,000
14. 2026-04-25
    price $345,000
15. 2026-04-03
    price $345,001
16. 2026-02-13
    listed $345,000 Active
17. 1995-08-22
    soldstatus $34,000

ⓘ 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: $2,724 · $227/mo
• Projected year-2 tax: $2,946 · $246/mo
• Expected delta: +$222/yr (+$19/mo · 8.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,439
• − Mortgage interest: −$19,883
• − Property taxes: −$2,724
• − Insurance: −$1,775
• − Repairs & maintenance: −$2,515
• − Management: −$2,515
• − Depreciation: −$10,326
• Taxable loss: −$8,299
• Est. tax savings @ 24.0%: +$1,992
• After-tax cash flow: $-7/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 — Riviera Beach

• Score: 67/100
• State rank: #581
• US rank: #11060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Riviera Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 30,912
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 30,912
• Household income: $65,063
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 1838.0

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: Majority Black (64%)
• Race & ethnicity: Black 64% White 22% Hispanic / Latino 9% Two or more races 8%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Hispanic 8% Romanian 1% Italian 1%
• Foreign-born: 21% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 8% French/Haitian/Cajun 7% 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: ▼ -153.74%
• Current HPI: 341.1761
• Rent YoY: ▼ -0.72%
• 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

+944.1% since first listed

5 events — show timeline

• 2026-05-03 Price Changed $355,000 Beaches MLS
• 2026-04-25 Price Changed $345,000 Beaches MLS
• 2026-04-03 Price Changed $345,001 Beaches MLS
• 2026-02-13 Listed $345,000 Beaches MLS
• 1995-08-22 Sold (Public Records) $34,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $2,724 · +7.0% YoY. Source: county tax records.