371 W 34th St · Riviera Beach, FL 33404

$470,000

3 bd · 2.0 ba · 1,486 sqft · SingleFamily public records · 2 Days on market

Built 1963 9,915 sqft lot Est $465k · at est.

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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 +15.6/30.0
• ARV discount +7.0/15.0
• DSCR +4.8/10.0
• Schools +4.3/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 1.5-bath single-family home offering tons of potential! With a solid concrete block structure and a nice-sized backyard, this property is perfect for someone looking to add their own touch. It needs a little TLC, but it's full of opportunity. Conveniently located near shopping and just minutes from beautiful Singer Island, this home is situated in the heart of the thriving Riviera Beach community. A great investment or starter home in a rapidly growing area!

Key facts

• Quartz countertops
• Open living area
• Walk in closet

Tags

• LANDSCAPED CORNER LOT
• OPEN LIVING AREA
• CUSTOM WHITE OAK CABINETRY
• QUARTZ COUNTERTOPS
• WALK IN CLOSET
• FULLY UPGRADED ENSUITE BATH

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Driveway with 4 open parking spaces (total 4 parking spaces)
• Security: Smoke detectors; Security system
• Utilities: Public water; Public sewer; Cable available; Sewer connected
• Home design: Single family residence; One story; Entry level: 1; Faces northwest; Resale condition
• Construction: Stucco construction; Shingle roof; Built with a foundation consistent with assessor records
• Exterior features: Open patio, patio and terrace; Back yard fencing with gate; Corner lot; Not waterfront

Interior

• Kitchen: Disposal; Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Ceramic tile; Tile
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Walk-in closets; Split bedroom layout; Unfurnished
• Laundry & utility: Inside laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $470k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $400k (14.9% below list).
• Recommended offer: $400k (14.9% 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.
• 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 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).
• At $4,001/mo this rent would consume 74% 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 $3k of loan paydown is wiped out by about $14k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $294k; list at $470k implies a 60% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $400,077 (14.9% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.85% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.79%
• DSCR: 1.08
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $465,118
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
304 Foresteria Dr	0.54mi	3/2.0	1,312 (-12%)	12mo	$410,000	$313	46

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: -16.6%
• Equity multiple: 0.43×
• Total profit: $-75,518
• Equity at exit: $70,079

10-year hold

• IRR: -14.5%
• Equity multiple: 0.27×
• Total profit: $-95,462
• Equity at exit: $40,637

Cash invested: $131,600 (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: 9.8×

Monthly cashflow live

• Estimated rent: $4,001 high
• Mortgage (P&I): −$2,465
• Tax from tax record: −$304 /mo · $3,649/yr
• Insurance: −$196
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $196

Break-even live

Break-even rent $3,753

Max offer price $470,000

Occupancy floor 90%

Sensitivity live

Price	-10% $462	-5% $329	+0% $196	+5% $63	+10% $-70
Rent	-10% $-120	-5% $38	+0% $196	+5% $354	+10% $512
Rate	-1.0pp $433	-0.5pp $316	base $196	+0.5pp $74	+1.0pp $-50

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: $117,500
• Closing costs: $14,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
111 W 35th St Riviera Beach, FL	4.0	2.0	1600	$3,000	$1.88	12d	1	0.23mi
520 W 28th St Riviera Beach, FL	3.0	1.0	1296	$6,000	$4.63	4d	1	0.29mi
901 W 37th St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	25d	1	0.51mi
220 Lake Shore Dr Lake Park, FL	1.0–3.0	1.5–3.5	2134	$25,000	$11.72	0d	19	0.54mi
135 E 28th St Riviera Beach, FL	4.0	2.0	1711	$3,200	$1.87	25d	1	0.55mi
410 Wilma Cir #103 Riviera Beach, FL	2.0	2.0	1056	$4,000	$3.79	16d	1	0.60mi
815 Silver Beach Rd Lake Park, FL	4.0	3.0	1480	$3,000	$2.03	25d	1	0.63mi
301 Lake Shore Dr #802 West Palm Beach, FL	2.0	2.0	1316	$3,000	$2.28	25d	1	0.65mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	25d	1	0.70mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	23d	1	0.70mi
360 Wilma Cir #7 Riviera Beach, FL	3.0	2.0	1590	$4,500	$2.83	25d	1	0.72mi
2650 Lake Shore Dr #803 Riviera Beach, FL	3.0	3.0	1800	$5,000	$2.78	25d	1	0.77mi
2650 Lake Shore Dr #2303 Riviera Beach, FL	3.0	3.0	1537	$4,950	$3.22	25d	1	0.77mi
2650 Lake Shore Dr #1001 Riviera Beach, FL	2.0	2.0	1742	$3,800	$2.18	25d	1	0.77mi
2650 Lake Shore Dr #804 Riviera Beach, FL	3.0	3.5	1704	$4,500	$2.64	25d	1	0.77mi
2650 Lake Shore Dr #1203 Riviera Beach, FL	3.0	3.0	1803	$4,250	$2.36	25d	1	0.77mi
2650 Lake Shore Dr #1003 Riviera Beach, FL	3.0	3.0	1788	$4,200	$2.35	25d	1	0.77mi
2650 Lake Shore Dr #2403 Riviera Beach, FL	3.0	3.0	1788	$6,000	$3.36	25d	1	0.77mi
2640 Lake Shore Dr #711 Riviera Beach, FL	3.0	3.0	1848	$5,500	$2.98	25d	1	0.78mi
2640 Lake Shore Dr #1716 Riviera Beach, FL	3.0	3.0	1538	$9,500	$6.18	25d	1	0.78mi
2640 Lake Shore Dr #2312 Riviera Beach, FL	2.0	2.0	1818	$6,500	$3.58	25d	1	0.78mi
301 Hawthorne Dr West Palm Beach, FL	3.0	2.0	1402	$3,200	$2.28	25d	1	0.79mi
2640 Lake Shore Dr Riviera Beach, FL	3.0	3.0	1715	$5,500	$3.21	25d	1	0.79mi
855 Date Palm Dr West Palm Beach, FL	3.0	3.0	1216	$3,150	$2.59	25d	1	0.82mi
65 W 16th St Apt 1 Riviera Beach, FL	4.0	2.0	1232	$3,500	$2.84	17d	1	0.92mi
65 W 16th St Apt 1 Riviera Beach, FL	4.0	2.0	1200	$3,500	$2.92	8d	1	0.92mi
913 Lake Shore Dr Lake Park, FL	1.0–2.0	1.0–2.0	1066	$3,731	$3.50	0d	10	0.93mi
1389 W 33rd St Riviera Beach, FL	4.0	3.0	1737	$3,000	$1.73	25d	1	1.00mi
1400 W 28th St Unit 1 Riviera Beach, FL	4.0	2.0	1100	$3,200	$2.91	25d	1	1.05mi
1060 Lake Shore Dr #201 West Palm Beach, FL	2.0	2.0	1206	$3,850	$3.19	19d	1	1.06mi
1030 Sugar Sands Blvd #171 Riviera Beach, FL	2.0	2.0	1143	$5,000	$4.37	25d	1	1.09mi
1155 Lake Shore Dr #202 West Palm Beach, FL	2.0	2.0	1206	$4,750	$3.94	25d	1	1.12mi
1050 Sugar Sands Blvd #174 Riviera Beach, FL	3.0	2.0	1490	$5,400	$3.62	0d	1	1.13mi
1120 Morse Blvd Riviera Beach, FL	2.0	2.0	1765	$10,000	$5.67	25d	1	1.27mi
1140 Morse Blvd Riviera Beach, FL	2.0	2.0	1640	$7,000	$4.27	20d	1	1.30mi
220 Lake Dr #206 Palm Beach Shores, FL	2.0	2.0	1241	$4,000	$3.22	13d	1	1.36mi
308 Southwind Ct Unit 8 North Palm Beach, FL	2.0	2.0	1100	$2,900	$2.64	25d	1	1.39mi
1221 Singer Dr Riviera Beach, FL	3.0	2.5	1676	$11,000	$6.56	19d	1	1.43mi
2016 Avenue S Riviera Beach, FL	4.0	3.0	1128	$3,800	$3.37	25d	1	1.44mi
1216 Surf Rd Riviera Beach, FL	3.0	2.5	1444	$3,900	$2.70	25d	1	1.44mi

Listing history 17 events

1. 2026-06-21
   remarks 699-char remark
2. 2026-06-21
   pricedays on marketlisting id $470,000 Active 2 DOM
3. 2026-06-09
   days on market $475,000 Active 90 DOM
4. 2026-06-08
   days on market $475,000 Active 89 DOM
5. 2026-06-07
   days on market $475,000 Active 88 DOM
6. 2026-06-04
   days on market $475,000 Active 85 DOM
7. 2026-06-03
   days on market $475,000 Active 84 DOM
8. 2026-06-02
   days on market $475,000 Active 83 DOM
9. 2026-06-01
   days on market $475,000 Active 82 DOM
10. 2026-05-31
    days on market $475,000 Active 81 DOM
11. 2026-03-11
    listed $475,000 Active
12. 2025-12-23
    soldstatus $294,000
13. 2025-12-18
    soldstatus $294,000 Closed 482-char remark

    Show marketing remark (482 chars)

    Charming 3-bedroom, 1.5-bath single-family home offering tons of potential! With a solid concrete block structure and a nice-sized backyard, this property is perfect for someone looking to add their own touch. It needs a little TLC, but it's full of opportunity. Conveniently located near shopping and just minutes from beautiful Singer Island, this home is situated in the heart of the thriving Riviera Beach community. A great investment or starter home in a rapidly growing area!

14. 2025-11-18
    historical Active Under Contract 482-char remark

    Show marketing remark (482 chars)

    Charming 3-bedroom, 1.5-bath single-family home offering tons of potential! With a solid concrete block structure and a nice-sized backyard, this property is perfect for someone looking to add their own touch. It needs a little TLC, but it's full of opportunity. Conveniently located near shopping and just minutes from beautiful Singer Island, this home is situated in the heart of the thriving Riviera Beach community. A great investment or starter home in a rapidly growing area!

15. 2025-11-06
    price $299,999 482-char remark

    Show marketing remark (482 chars)

    Charming 3-bedroom, 1.5-bath single-family home offering tons of potential! With a solid concrete block structure and a nice-sized backyard, this property is perfect for someone looking to add their own touch. It needs a little TLC, but it's full of opportunity. Conveniently located near shopping and just minutes from beautiful Singer Island, this home is situated in the heart of the thriving Riviera Beach community. A great investment or starter home in a rapidly growing area!

16. 2025-06-26
    listed $340,000 Active 482-char remark

    Show marketing remark (482 chars)

    Charming 3-bedroom, 1.5-bath single-family home offering tons of potential! With a solid concrete block structure and a nice-sized backyard, this property is perfect for someone looking to add their own touch. It needs a little TLC, but it's full of opportunity. Conveniently located near shopping and just minutes from beautiful Singer Island, this home is situated in the heart of the thriving Riviera Beach community. A great investment or starter home in a rapidly growing area!

17. 1983-07-01
    soldstatus $51,000

ⓘ 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: $3,649 · $304/mo
• Projected year-2 tax: $3,901 · $325/mo
• Expected delta: +$252/yr (+$21/mo · 6.9%)

ⓘ 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 ≥106°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,009
• − Mortgage interest: −$26,327
• − Property taxes: −$3,649
• − Insurance: −$2,350
• − Repairs & maintenance: −$3,841
• − Management: −$3,841
• − Depreciation: −$13,673
• Taxable loss: −$5,671
• Est. tax savings @ 24.0%: +$1,361
• After-tax cash flow: $3,713/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

+831.4% since first listed

7 events — show timeline

• 2026-03-11 Listed $475,000 Beaches MLS
• 2025-12-23 Sold (Public Records) $294,000 Public Records
• 2025-12-18 Sold (MLS) $294,000 Beaches MLS
• 2025-11-18 Contingent — Beaches MLS
• 2025-11-06 Price Changed $299,999 Beaches MLS
• 2025-06-26 Listed $340,000 Beaches MLS
• 1983-07-01 Sold (Public Records) $51,000 Public Records

Property tax history

+8.5%/yr

Latest (2025): $3,649 · +7.9% YoY. Source: county tax records.