7691 Cardinal Ct · West Palm Beach, FL 33412

$449,000

3 bd · 2.5 ba · 1,661 sqft · Townhouse public records · 167 Days on market

Built 2000 2,357 sqft lot $621/mo HOA · 13% of rent ↓ 21% since listing

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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 +16.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Best value for a Premier Golf Membership at Ibis!! The next owner of this 3BR/2.5BA townhome can purchase a Premier Golf Membership at closing and enjoy the three Nicklaus designed golf courses and amazing practice facilities right away. This home is being offered fully furnished for your convenience. The roof was replaced in 2021 and the kitchen was updated with new stainless steel appliances and quartz countertops. There are accordion shutters for the exterior and a two car garage. There has only been one owner of this property and the pride of ownership is evident throughout. This is the ideal residence for buyers looking for a seasonal purchase in Florida where they can have the peace o

Key facts

• Quartz countertops
• Accordion shutters
• Safe gated community

Tags

• UPDATED KITCHEN
• NEW STAINLESS STEEL APPLIANCES
• QUARTZ COUNTERTOPS
• ACCORDION SHUTTERS
• SAFE GATED COMMUNITY

Property features AI

Finance

• Financial info: Pets allowed with breed restrictions
• HOA & community: Community amenities include clubhouse, pool, spa/hot tub, sauna, fitness center, tennis courts, pickleball courts, bocce ball, putting green, golf course, dog park, cafe/restaurant, manager on site; Monthly association fee

Exterior

• Parking: Attached garage with 2 covered spaces; Garage door opener
• Security: Gated community with guard; Owned security system; Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Underground utilities; Water available; Sewer available
• Home design: Townhouse; Two stories; Entry level living area; East-facing
• Construction: CBS construction; Concrete and tile roof
• Exterior features: Screened patio; Patio; Cul-de-sac lot; Sidewalks; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Disposal; Electric water heater
• Bedrooms: One bedroom on the main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: Two full bathrooms and one half bathroom (three total); Two bathrooms on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Paddle fans
• Interior features: High ceilings; Walk-in closet(s); Split bedroom layout; Furnished
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $449k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $449k).
• Recommended offer: $395k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 3.8% in West Palm 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 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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 (+3.9%/yr); 383 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 44% of the median local income ($130k/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 $3k of loan paydown is wiped out by about $13k 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 167 days — a 12% lower offer ($395k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $395,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 167 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 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: 1.06% ✓
• Cap rate: 6.90%
• Cash-on-cash: 2.18%
• DSCR: 1.10
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.85% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.57×
• Total profit: $-53,748
• Equity at exit: $66,947

10-year hold

• IRR: -1.0%
• Equity multiple: 0.92×
• Total profit: $-9,470
• Equity at exit: $38,821

Cash invested: $125,720 (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 33412

• Home prices YoY: -18.2%
• Rents YoY: 3.9%
• Active inventory: 383
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $4,778 medium
• Mortgage (P&I): −$2,355
• Tax from tax record: −$384 /mo · $4,604/yr
• Insurance: −$187
• HOA: −$621
• Vacancy / Maint / Mgmt: −$1,003
• Net cashflow: $228

Break-even live

Break-even rent $4,489

Max offer price $449,000

Occupancy floor 90%

Sensitivity live

Price	-10% $483	-5% $355	+0% $228	+5% $101	+10% $-26
Rent	-10% $-149	-5% $40	+0% $228	+5% $417	+10% $606
Rate	-1.0pp $454	-0.5pp $343	base $228	+0.5pp $112	+1.0pp $-6

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: $112,250
• Closing costs: $13,470
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8141 Sandpiper Way West Palm Beach, FL	3.0	2.0	1842	$10,500	$5.70	11d	1	0.22mi
8180 Sandpiper Way West Palm Beach, FL	2.0	2.0	1866	$12,500	$6.70	25d	1	0.30mi
8189 Sandpiper Way West Palm Beach, FL	3.0	2.5	1842	$10,500	$5.70	11d	1	0.32mi
8193 Sandpiper Way West Palm Beach, FL	3.0	2.0	1367	$13,000	$9.51	22d	1	0.33mi
8176 Quail Meadow Way West Palm Beach, FL	3.0	2.5	2146	$12,500	$5.82	25d	1	0.48mi
8161 Quail Meadow Way West Palm Beach, FL	3.0	2.0	1632	$11,000	$6.74	25d	1	0.48mi
8316 Quail Meadow Way West Palm Beach, FL	3.0	2.5	2118	$14,000	$6.61	19d	1	0.57mi
8307 Quail Meadow Way West Palm Beach, FL	3.0	2.5	2146	$18,250	$8.50	8d	1	0.58mi
8232 Heritage Club Dr West Palm Beach, FL	3.0	2.5	2248	$16,500	$7.34	0d	1	0.59mi
8407 Quail Meadow Way West Palm Beach, FL	3.0	3.0	2047	$14,000	$6.84	25d	1	0.60mi
10156 Orchid Reserve Dr West Palm Beach, FL	3.0	2.0	1964	$16,000	$8.15	25d	1	0.98mi
8300 Ibis Reserve Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1162	$2,874	$2.47	0d	26	1.06mi
10732 Grande Blvd West Palm Beach, FL	3.0	2.5	2200	$11,000	$5.00	25d	1	1.27mi
10836 Grande Blvd West Palm Beach, FL	3.0	2.0	1973	$5,000	$2.53	25d	1	1.45mi

HOA detail

• Monthly dues: $621 · $7,452/yr

Listing history 14 events

1. 2026-06-18
   days on market $449,000 Active 167 DOM
2. 2026-06-17
   days on market $449,000 Active 166 DOM
3. 2026-06-16
   days on market $449,000 Active 165 DOM
4. 2026-06-15
   days on market $449,000 Active 164 DOM
5. 2026-06-13
   days on market $449,000 Active 162 DOM
6. 2026-06-09
   days on market $449,000 Active 158 DOM
7. 2026-06-07
   days on market $449,000 Active 156 DOM
8. 2026-06-04
   days on market $449,000 Active 153 DOM
9. 2026-06-03
   days on market $449,000 Active 152 DOM
10. 2026-06-01
    days on market $449,000 Active 150 DOM
11. 2026-05-31
    days on market $449,000 Active 149 DOM
12. 2026-03-22
    price $449,000
13. 2026-02-07
    price $499,000
14. 2026-01-02
    listed $569,000 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: $4,604 · $384/mo
• Projected year-2 tax: $4,604 · $384/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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $57,338
• − Mortgage interest: −$25,151
• − Property taxes: −$4,604
• − Insurance: −$2,245
• − Repairs & maintenance: −$4,587
• − Management: −$4,587
• − HOA: −$7,452
• − Depreciation: −$13,062
• Taxable loss: −$4,350
• Est. tax savings @ 24.0%: +$1,044
• After-tax cash flow: $3,784/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 — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 15,859
• Household income: $130,225
• Rent vs Own: 14.3% rent · 85.7% own
• Severe rent burden: 81.0

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 (72%)
• Race & ethnicity: White 72% Black 11% Hispanic / Latino 11% Two or more races 8% Asian 3%
• Hispanic origin (detail): Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 5% Lithuanian 4% German 2%
• Foreign-born: 16% · Canada, Jamaica, China
• Languages at home: 84% English-only · Spanish 5% French/Haitian/Cajun 5% 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: ▼ -79.82%
• Current HPI: 358.0854
• Rent YoY: ▲ 3.85%
• 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

-21.1% since first listed

3 events — show timeline

• 2026-03-22 Price Changed $449,000 Beaches MLS
• 2026-02-07 Price Changed $499,000 Beaches MLS
• 2026-01-02 Listed $569,000 Beaches MLS

Property tax history

+0.2%/yr

Latest (2025): $4,604 · +8.8% YoY. Source: county tax records.