7547 S Oriole Blvd #202 · Delray Beach, FL 33446

$160,000

2 bd · 2.0 ba · 852 sqft · Condo public records · 129 Days on market

Built 1985 $667/mo HOA · 30% 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 +14.1/30.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

Key facts

• Theater room
• Pickleball
• Updated kitchen

Tags

• UPDATED KITCHEN
• IMPACT WINDOWS
• HUNTINGTON LAKES CLUBHOUSE
• THEATER ROOM
• INDOOR POOL
• PICKLEBALL

Property features AI

Finance

• Other: Senior community
• Financial info: Pets not allowed; Association fee: $667 monthly
• HOA & community: Community amenities include clubhouse, fitness center, indoor pool, outdoor pool, tennis courts, pickleball courts, bocce ball, shuffleboard court, billiard room, community room and sidewalks; HOA fee paid monthly

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Condominium; 2-story building; Resale condition; Faces east
• Construction: CBS construction
• Exterior features: Covered patio; Patio

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: No main-level bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Walk-in closets; Furnished
• Laundry & utility: Laundry closet inside unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $25 ($298/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 4.3% 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.
• Market conditions: Rents flat; 577 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); solid renter incomes; 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 ($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 ($1k loan paydown + $1k 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.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $44k; list at $160k implies a 264% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 30% 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 $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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. 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?
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: 1.38% ✓
• Cap rate: 6.48%
• Cash-on-cash: 0.66%
• DSCR: 1.03
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.3%
• Equity multiple: 0.94×
• Total profit: $-2,862
• Equity at exit: $52,029

10-year hold

• IRR: 1.5%
• Equity multiple: 1.16×
• Total profit: $7,181
• Equity at exit: $67,181

Cash invested: $44,800 (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 33446

• Home prices YoY: 0.3%
• Rents YoY: 0.5%
• Active inventory: 577
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,214 high
• Mortgage (P&I): −$839
• Tax from tax record: −$151 /mo · $1,817/yr
• Insurance: −$67
• HOA: −$667
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $25

Break-even live

Break-even rent $2,182

Max offer price $160,000

Occupancy floor 94%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7515 S Oriole Blvd Delray Beach, FL	2.0	2.0	850	$1,700	$2.00	24d	1	0.04mi
7607 Atlantic Ave Delray Beach, FL	1.0–2.0	1.0–2.0	1086	$3,494	$3.22	2d	6	0.23mi
14895 Builtmore Way Delray Beach, FL	2.0	2.0	1103	$1,800	$1.63	24d	1	0.29mi
14898 Wedgefield Dr #202 Delray Beach, FL	2.0	2.0	1103	$2,000	$1.81	18d	1	0.29mi
7301 Amberly Ln #304 Delray Beach, FL	2.0	2.0	1080	$1,495	$1.38	8d	1	0.33mi
14896 Bal Moral Ln Delray Beach, FL	2.0	2.0	1040	$2,200	$2.12	24d	1	0.37mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL	1.0	2.0	912	$1,850	$2.03	24d	1	0.41mi
14747 Cumberland Dr #301 Delray Beach, FL	2.0	2.0	1044	$1,900	$1.82	24d	1	0.42mi
15035 Michelangelo Blvd #103 Delray Beach, FL	2.0	2.0	1079	$2,000	$1.85	24d	1	0.44mi
15055 Michelangelo Blvd Delray Beach, FL	2.0–3.0	2.0	1158	$2,125	$1.83	22d	2	0.45mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	2d	1	0.47mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	22d	1	0.47mi
14 Willowbrook Ln #101 Delray Beach, FL	2.0	2.0	1005	$1,700	$1.69	5d	1	0.53mi
7286 Huntington Ln #105 Delray Beach, FL	2.0	2.0	1070	$3,350	$3.13	24d	1	0.55mi
10 Willowbrook Ln #105 Delray Beach, FL	2.0	2.0	1005	$2,100	$2.09	11d	1	0.60mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	24d	1	0.60mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	20d	1	0.60mi
15155 Michelangelo Blvd Delray Beach, FL	2.0	2.0	1079	$2,288	$2.12	8d	2	0.60mi
20 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,600	$2.81	24d	1	0.61mi
7192 Huntington Ln #307 Delray Beach, FL	2.0	2.0	1070	$3,500	$3.27	18d	1	0.62mi
21 Abbey Ln #107 Delray Beach, FL	2.0	2.0	925	$1,800	$1.95	15d	1	0.63mi
19 Abbey Ln #206 Delray Beach, FL	2.0	2.0	925	$1,750	$1.89	24d	1	0.64mi
23 Abbey Ln #208 Delray Beach, FL	2.0	2.0	925	$1,500	$1.62	3d	1	0.64mi
8061 Red Jasper Ln Delray Beach, FL	1.0	1.0	798	$2,580	$3.23	21d	1	0.68mi
8061 Red Jasper Ln Delray Beach, FL	2.0	2.0	1097	$2,877	$2.62	24d	1	0.68mi
8061 Red Jasper Ln Delray Beach, FL	2.0	2.0	1097	$2,892	$2.64	12d	1	0.68mi
3 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.71mi
8085 Tumblestone Ct Delray Beach, FL	2.0	2.0	1097	$2,679	$2.44	24d	1	0.71mi
8085 Tumblestone Ct Delray Beach, FL	2.0	2.0	1076	$2,668	$2.48	3d	1	0.71mi
31 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$1,300	$1.41	24d	1	0.71mi
32 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.75mi
14307 Bedford Dr #302 Delray Beach, FL	2.0	2.0	990	$2,200	$2.22	24d	1	0.76mi
163 Tuscany C Unit C Delray Beach, FL	1.0	1.5	720	$1,300	$1.81	15d	1	0.79mi
28 Seville B Delray Beach, FL	2.0	2.0	883	$1,950	$2.21	11d	1	0.82mi
14671 Bonaire Blvd #505 Delray Beach, FL	1.0	2.0	925	$1,600	$1.73	24d	1	0.82mi
189 Seville Ter Unit 189 Delray Beach, FL	2.0	2.0	880	$1,900	$2.16	24d	1	0.83mi
213 Waterford I Delray Beach, FL	2.0	2.0	880	$1,600	$1.82	24d	1	0.83mi
14735 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,350	$2.19	2d	1	0.88mi
6795 Huntington Ln #406 Delray Beach, FL	2.0	2.0	990	$2,500	$2.53	21d	1	0.91mi
102 Waterford D Unit 102 Delray Beach, FL	1.0	1.5	720	$1,900	$2.64	24d	1	0.92mi

HOA detail condo

• Monthly dues: $667 · $8,004/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $160,000 Active 129 DOM
2. 2026-06-17
   days on market $160,000 Active 128 DOM
3. 2026-06-16
   days on market $160,000 Active 127 DOM
4. 2026-06-15
   days on market $160,000 Active 126 DOM
5. 2026-06-13
   days on market $160,000 Active 124 DOM
6. 2026-06-09
   days on market $160,000 Active 120 DOM
7. 2026-06-07
   days on market $160,000 Active 118 DOM
8. 2026-06-04
   days on market $160,000 Active 115 DOM
9. 2026-06-03
   days on market $160,000 Active 114 DOM
10. 2026-06-01
    days on market $160,000 Active 112 DOM
11. 2026-05-31
    days on market $160,000 Active 111 DOM
12. 2026-04-01
    historical $2,900
13. 2026-02-09
    listed $160,000 Active
14. 2025-11-27
    listed $2,900
15. 2025-11-27
    historical $2,900
16. 2025-11-26
    listed $2,900
17. 2024-04-01
    historical
18. 2023-10-05
    listed $219,000 Active
19. 2014-07-21
    soldstatus $43,900
20. 2014-07-15
    historical 420-char remark

    Show marketing remark (420 chars)

    2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

21. 2014-07-14
    soldstatus $43,900 Closed 420-char remark

    Show marketing remark (420 chars)

    2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

22. 2014-05-27
    historical Contingent 420-char remark

    Show marketing remark (420 chars)

    2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

23. 2014-05-27
    price $49,900 420-char remark

    Show marketing remark (420 chars)

    2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

24. 2014-05-05
    listed $55,000 Active 420-char remark

    Show marketing remark (420 chars)

    2 Bed/2 Bath with Patio. Tiled throughout. Property can be sold furnished or unfurnished. New washer and newer, stackable washer/dryer. Screened in balcony and large storage room. This is an active 55+ community with full use of Huntington Lakes Clubhouse, amenities which includes indoor/outdoor pool, tennis courts, Performing Arts Theater, Sauna, Cardio and weight room and more. Courtesy bus service available.

25. 1997-07-16
    soldstatus $46,000
26. 1989-09-06
    soldstatus $55,900

ⓘ 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: $1,817 · $151/mo
• Projected year-2 tax: $1,817 · $151/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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

Taxation est. · year 1

• Rental income: $26,567
• − Mortgage interest: −$8,962
• − Property taxes: −$1,817
• − Insurance: −$800
• − Repairs & maintenance: −$2,125
• − Management: −$2,125
• − HOA: −$8,004
• − Depreciation: −$4,655
• Taxable loss: −$1,922
• Est. tax savings @ 24.0%: +$461
• After-tax cash flow: $759/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 — 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 · 1,438,312 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: 494.0

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: 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: —

Market trends

• HPI YoY: ▲ 0.69%
• Current HPI: 242.5138
• Rent YoY: ▲ 0.51%
• 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

-94.8% since first listed

15 events — show timeline

• 2026-04-01 Rental Removed $2,900 GFLMLS
• 2026-02-09 Listed $160,000 Beaches MLS
• 2025-11-27 Listed for Rent $2,900 GFLMLS
• 2025-11-27 Rental Removed $2,900 RMLSFL
• 2025-11-26 Listed for Rent $2,900 RMLSFL
• 2024-04-01 Listing Removed — Beaches MLS
• 2023-10-05 Listed $219,000 Beaches MLS
• 2014-07-21 Sold (Public Records) $43,900 Public Records
• 2014-07-15 Listing Removed — Beaches MLS
• 2014-07-14 Sold (MLS) $43,900 Beaches MLS
• 2014-05-27 Price Changed $49,900 Beaches MLS
• 2014-05-27 Contingent — Beaches MLS
• 2014-05-05 Listed $55,000 Beaches MLS
• 1997-07-16 Sold (Public Records) $46,000 Public Records
• 1989-09-06 Sold (Public Records) $55,900 Public Records

Property tax history

+16.5%/yr

Latest (2025): $1,817 · -2.8% YoY. Source: county tax records.