702 N Federal Hwy Unit B4 · Lake Worth Beach, FL 33460

$114,900

1 bd · 1.0 ba · 528 sqft · Condo public records · 134 Days on market

Built 1959 $399/mo HOA · 24% of rent ↓ 24% since listing

---

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 +23.5/30.0
• 1% rule +9.7/10.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 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

Welcome to this charming 1BR/1BA 55+ co-op in desirable Lake Worth Beach. Located in a beautifully maintained community with lush tropical courtyards and classic Miami Art Deco architecture. Light and bright interior features large sliding glass doors, exposed beam ceilings, and wood-look tile flooring throughout. Brand new hot water heater. Comfortable, open layout with excellent natural light, spacious living areas, and easy, low-maintenance living. Very low HOA and assigned parking included. Just 7 blocks to vibrant downtown shops, dining, cafes, and entertainment, Walking distance 4 blocks to the Lake Worth Beach Golf Club, and under 1 mile to the beach, pier, and ocean. Ideal seasonal

Key facts

• Sliding glass doors
• Natural light
• Open layout

Tags

• MIAMI ART DECO ARCHITECTURE
• SLIDING GLASS DOORS
• EXPOSED BEAM CEILINGS
• WOOD-LOOK TILE FLOORING
• OPEN LAYOUT
• NATURAL LIGHT

Property features AI

Finance

• Other: Located in a senior community
• Financial info: Pets allowed with restrictions (breed, number and size limits possible)
• HOA & community: Has association; Monthly association fee; Association amenities include golf course, jogging path, park, parking, sidewalks and street lights; Association fee covers insurance, pest control, sewer, trash, water and common areas

Exterior

• Parking: Assigned, guest and open parking; One parking space total
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Resale property; Two-story building; Entry-level living area; Faces west; Located east of US-1
• Construction: Concrete/CBS construction; Composition and flat roof
• Exterior features: Sidewalks; No waterfront

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: One bedroom on the main level
• Flooring: Tile flooring
• Bathrooms: One full bathroom
• Heating & cooling: Heating present (other); Ceiling fan(s); Wall/window unit(s)
• Interior features: Built-in features; High ceilings; Drapes, jalousie and sliding windows
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $214 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (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.
• Zoned schools: North Grade K-8 (math 40% / reading 42%, grade F, #1,454 of 2,144 statewide, top 69%, 735 students, 63% FRL); Lake Worth Community Middle (math 17% / reading 23%, grade F, #558 of 571 statewide, top 98%, 1,249 students, 75% FRL); Lake Worth High School (math 16% / reading 27%, grade F, #546 of 667 statewide, top 82%, 2,683 students, 71% FRL) — zoned schools average 70% FRL vs 52% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 50% district-wide (-22 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 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 $794 of loan paydown is wiped out by about $3k 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 134 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $14k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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 1959 — 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: 1.47% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 5.7

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: -3.2%
• Equity multiple: 0.88×
• Total profit: $-3,845
• Equity at exit: $17,132

10-year hold

• IRR: 7.5%
• Equity multiple: 1.59×
• Total profit: $18,881
• Equity at exit: $9,934

Cash invested: $32,172 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,685 high
• Mortgage (P&I): −$603
• Tax from tax record: −$68 /mo · $812/yr
• Insurance: −$48
• HOA: −$399
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $214

Break-even live

Break-even rent $1,414

Max offer price $114,900

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
626 N Federal Hwy Unit 3 Lake Worth Beach, FL	1.0	1.0	640	$1,600	$2.50	24d	1	0.04mi
605 N Federal Hwy #9 Lake Worth Beach, FL	—	1.0	400	$1,650	$4.12	15d	1	0.09mi
605 N Federal Hwy Unit 13 Lake Worth Beach, FL	—	1.0	500	$1,600	$3.20	15d	1	0.09mi
625 N M St #1 Lake Worth Beach, FL	1.0	1.0	640	$1,600	$2.50	24d	1	0.10mi
721 N M St Lake Worth Beach, FL	1.0	1.0	450	$1,800	$4.00	24d	1	0.10mi
702 N L St Lake Worth, FL	1.0	1.0	643	$1,474	$2.29	5d	2	0.10mi
509 6th Ave N Unit 3B Lake Worth, FL	1.0	1.0	540	$1,595	$2.95	24d	1	0.14mi
526 6th Ave N Unit 519 Lake Worth Beach, FL	1.0	1.0	700	$1,395	$1.99	22d	1	0.14mi
504 9th Ave N Unit 508 Lake Worth Beach, FL	1.0	1.0	625	$1,650	$2.64	21d	1	0.18mi
911 N Federal Hwy Unit 205 Lake Worth Beach, FL	—	1.0	500	$2,150	$4.30	24d	1	0.19mi
911 N Federal Hwy #106 Lake Worth Beach, FL	—	1.0	400	$2,200	$5.50	24d	1	0.19mi
914 N Federal Hwy Unit 3 Lake Worth Beach, FL	1.0	1.0	609	$1,800	$2.96	24d	1	0.19mi
430 N L St Lake Worth Beach, FL	1.0	1.0	523	$2,475	$4.73	24d	1	0.23mi
430 N L St Lake Worth Beach, FL	1.0	1.0	523	$2,190	$4.19	19d	1	0.23mi
817 N J St Lake Worth, FL	2.0	1.0	652	$2,000	$3.07	24d	1	0.28mi
417 N K St Unit 1A Lake Worth Beach, FL	1.0	1.0	620	$1,550	$2.50	5d	1	0.30mi
325 N L St Lake Worth Beach, FL	2.0	1.0	500	$1,600	$3.20	24d	1	0.32mi
301 N Federal Hwy #2 Lake Worth, FL	—	1.0	400	$1,465	$3.66	2d	1	0.34mi
1111 N Federal Hwy #6 Lake Worth Beach, FL	1.0	1.0	494	$1,550	$3.14	24d	1	0.35mi
1111 N Federal Hwy #5 Lake Worth Beach, FL	1.0	1.0	494	$1,450	$2.94	17d	1	0.35mi
801 N H St #1 Lake Worth Beach, FL	1.0	1.0	600	$1,550	$2.58	24d	1	0.41mi
312 N H St Unit A Lake Worth Beach, FL	2.0	2.0	594	$2,200	$3.70	24d	1	0.47mi
124 N Palmway Apt 5 Lake Worth Beach, FL	1.0	1.0	624	$1,525	$2.44	24d	1	0.48mi
912 11th Ave N Lake Worth Beach, FL	1.0	1.0	600	$1,100	$1.83	21d	1	0.48mi
120 N Palmway Unit 5 Lake Worth Beach, FL	1.0	1.0	622	$1,525	$2.45	5d	1	0.49mi
920 11th Ave N Unit 912 Lake Worth Beach, FL	1.0	1.0	600	$1,100	$1.83	21d	1	0.49mi
317 N H St Unit B Lake Worth Beach, FL	1.0	1.0	420	$1,200	$2.86	24d	1	0.49mi
1118 N H St Unit 15 Lake Worth Beach, FL	1.0	1.0	483	$1,550	$3.21	14d	1	0.51mi
112 Lake Ave Unit 10 Lake Worth Beach, FL	—	1.0	450	$1,850	$4.11	8d	1	0.57mi
0 N K St Lake Worth Beach, FL	—	1.0	500	$1,450	$2.90	24d	1	0.60mi
14 S M St Apt 3 Lake Worth Beach, FL	1.0	1.0	600	$1,800	$3.00	3d	1	0.61mi
413 N E St Lake Worth Beach, FL	2.0	1.0	646	$2,000	$3.10	24d	1	0.62mi
417 N E St Unit 39 Lake Worth Beach, FL	1.0	1.0	700	$1,550	$2.21	24d	1	0.62mi
417 N E St Unit 36 Lake Worth Beach, FL	1.0	1.0	650	$1,550	$2.38	12d	1	0.62mi
318 N E St Lake Worth Beach, FL	—	1.0	584	$1,800	$3.08	14d	1	0.62mi
17 S L St #4 Lake Worth Beach, FL	—	1.0	400	$1,700	$4.25	24d	1	0.63mi
15 S Golfview Rd Lake Worth, FL	1.0	1.0	550	$1,712	$3.11	12d	2	0.65mi
15 S Golfview Rd #204 Lake Worth Beach, FL	1.0	1.0	550	$1,850	$3.36	10d	1	0.65mi
30 S J St #14 Lake Worth Beach, FL	1.0	1.0	620	$1,500	$2.42	24d	1	0.67mi
223 N E St Unit 4 Lake Worth Beach, FL	1.0	1.0	650	$1,695	$2.61	24d	1	0.68mi

HOA detail condo

• Monthly dues: $399 · $4,788/yr
• Likely covers: waterparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $114,900 Active 134 DOM
2. 2026-06-17
   days on market $114,900 Active 133 DOM
3. 2026-06-16
   days on market $114,900 Active 132 DOM
4. 2026-06-15
   days on market $114,900 Active 131 DOM
5. 2026-06-13
   days on market $114,900 Active 129 DOM
6. 2026-06-09
   days on market $114,900 Active 125 DOM
7. 2026-06-07
   days on market $114,900 Active 123 DOM
8. 2026-06-04
   days on market $114,900 Active 120 DOM
9. 2026-06-03
   days on market $114,900 Active 119 DOM
10. 2026-06-01
    days on market $114,900 Active 117 DOM
11. 2026-05-31
    days on market $114,900 Active 116 DOM
12. 2026-05-07
    price $114,900
13. 2026-04-27
    price $118,900
14. 2026-04-20
    status Active
15. 2026-04-14
    historical Active Under Contract
16. 2026-04-01
    price $120,000
17. 2026-03-16
    price $126,900
18. 2026-03-06
    price $127,900
19. 2026-02-04
    listed $128,900 Active
20. 2023-02-20
    historical
21. 2022-11-09
    listed $151,000 Active

ⓘ 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: $812 · $68/mo
• Projected year-2 tax: $954 · $79/mo
• Expected delta: +$142/yr (+$12/mo · 17.5%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 23% 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: $20,223
• − Mortgage interest: −$6,436
• − Property taxes: −$812
• − Insurance: −$574
• − Repairs & maintenance: −$1,618
• − Management: −$1,618
• − HOA: −$4,788
• − Depreciation: −$3,343
• Taxable income: $1,034
• Est. tax owed @ 24.0%: −$248
• After-tax cash flow: $2,323/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

-23.9% since first listed

10 events — show timeline

• 2026-05-07 Price Changed $114,900 Beaches MLS
• 2026-04-27 Price Changed $118,900 Beaches MLS
• 2026-04-20 Relisted — Beaches MLS
• 2026-04-14 Contingent — Beaches MLS
• 2026-04-01 Price Changed $120,000 Beaches MLS
• 2026-03-16 Price Changed $126,900 Beaches MLS
• 2026-03-06 Price Changed $127,900 Beaches MLS
• 2026-02-04 Listed $128,900 Beaches MLS
• 2023-02-20 Listing Removed — Beaches MLS
• 2022-11-09 Listed $151,000 Beaches MLS

Property tax history

+1.2%/yr

Latest (2025): $812 · +0.9% YoY. Source: county tax records.