962 29th St · West Palm Beach, FL 33407

$475,000

4 bd · 2.5 ba · 1,377 sqft · SingleFamily public records · 69 Days on market

Built 2024 6,003 sqft lot

---

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 +10.6/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• 1% rule +3.3/10.0
• Rent growth +3.3/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

PRICE REDUCED FOR QUICK SALE! Pristine 4BR/2.5BA bath in Historic Northwood Hills, filled with natural light and seamless flow. Features include porcelain tile flooring, a modern kitchen with quartz countertops, soft-close wood cabinetry, stainless steel appliances, and breakfast bar. Versatile 4th bedroom with ensuite half bath-ideal office or guest suite. Enjoy a private backyard perfect for relaxing or entertaining. Complete with hurricane impact windows and doors. Prime location near downtown West Palm Beach, dining and parks.

Key facts

• Quartz countertops
• Private backyard
• Modern kitchen

Tags

• MODERN KITCHEN
• QUARTZ COUNTERTOPS
• SOFT-CLOSE WOOD CABINETRY
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR
• PRIVATE BACKYARD

Property features AI

Finance

• Financial info: Pets allowed with no restrictions

Exterior

• Parking: Driveway with decorative parking; Two parking spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Sewer and water available
• Home design: Single-family residence; One story; North-facing
• Construction: Stucco and CBS construction; Composition/shingle roof; Built as one-story (public records)
• Exterior features: Back yard fenced with full privacy fence and gate; Landscaped yard; Sidewalks; Paved road access; No waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: Four main-level bedrooms
• Flooring: Tile; Other flooring
• Bathrooms: Two full bathrooms and one half bathroom (three bathrooms total)
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Walk-in closets; Storm windows
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $475k.

Deal economics

• At list price, monthly cash flow is $-239 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $433k (8.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $393k (17.2% below list).
• Recommended offer: $393k (17.2% below list) — sets the bar for 1% rule.
• Cap rate 5.7% 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.
• Zoned schools: Northmore Elementary School (math 34% / reading 29%, grade F, #1,841 of 2,144 statewide, top 86%, 628 students, 73% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 72% FRL vs 52% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 50% district-wide (-23 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 (+3.1%/yr); 305 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $3,931/mo this rent would consume 79% of the median local household income ($60k/yr) (locally 2157% 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

• It's been on market 69 days — a 6% lower offer ($446k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $25k; list at $475k implies a 1772% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $393,082 (17.2% 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 69 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
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: 0.83% ✗
• Cap rate: 5.69%
• Cash-on-cash: -2.15%
• DSCR: 0.90
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.08% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.31×
• Total profit: $-91,762
• Equity at exit: $70,824

10-year hold

• IRR: -12.4%
• Equity multiple: 0.26×
• Total profit: $-97,789
• Equity at exit: $41,069

Cash invested: $133,000 (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 33407

• Rents YoY: 3.1%
• Active inventory: 305
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $3,931 high
• Mortgage (P&I): −$2,491
• Tax from tax record: −$655 /mo · $7,863/yr
• Insurance: −$198
• HOA: −$0
• Vacancy / Maint / Mgmt: −$825
• Net cashflow: $-239

Break-even live

Break-even rent $4,233

Max offer price $432,825

Occupancy floor —

Sensitivity live

Price	-10% $30	-5% $-104	+0% $-239	+5% $-373	+10% $-508
Rent	-10% $-549	-5% $-394	+0% $-239	+5% $-83	+10% $72
Rate	-1.0pp $0	-0.5pp $-118	base $-239	+0.5pp $-362	+1.0pp $-487

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: $118,750
• Closing costs: $14,250
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
933 30th Ct West Palm Beach, FL	3.0	1.5	1085	$3,100	$2.86	25d	1	0.15mi
636 35th St West Palm Beach, FL	3.0	2.0	1133	$3,500	$3.09	25d	1	0.49mi
3808 Westview Ave West Palm Beach, FL	4.0	3.0	1617	$3,100	$1.92	25d	1	0.50mi
735 20th St West Palm Beach, FL	4.0	3.0	1767	$3,800	$2.15	25d	1	0.58mi
735 20th St West Palm Beach, FL	4.0	3.0	1767	$3,600	$2.04	8d	1	0.58mi
716 21st St West Palm Beach, FL	4.0	2.0	1560	$3,800	$2.44	6d	1	0.58mi
716 21st St West Palm Beach, FL	4.0	2.0	1560	$3,800	$2.44	18d	1	0.58mi
701 37th St West Palm Beach, FL	3.0	2.0	1426	$3,600	$2.52	25d	1	0.59mi
1101 Grant St West Palm Beach, FL	4.0	2.0	1726	$2,995	$1.74	17d	1	0.59mi
619 37th St West Palm Beach, FL	3.0	2.0	1414	$3,350	$2.37	25d	1	0.63mi
1104 State St Unit C West Palm Beach, FL	3.0	1.0	875	$3,000	$3.43	25d	1	0.65mi
411 26th St West Palm Beach, FL	4.0	3.5	1847	$6,900	$3.74	25d	1	0.68mi
411 26th St West Palm Beach, FL	3.0	3.5	1847	$6,900	$3.74	8d	1	0.68mi
406 35th St West Palm Beach, FL	3.0	2.0	1835	$8,000	$4.36	25d	1	0.73mi
436 38th St West Palm Beach, FL	4.0	3.0	1479	$6,500	$4.39	25d	1	0.80mi
216 32nd St West Palm Beach, FL	3.0	3.0	1846	$6,200	$3.36	25d	1	0.87mi
565 Lilac Ct West Palm Beach, FL	3.0	2.0	1250	$3,000	$2.40	18d	1	0.89mi
202 32nd St West Palm Beach, FL	3.0	2.0	1636	$5,995	$3.66	25d	1	0.90mi
823 14th St West Palm Beach, FL	3.0	1.0	1000	$3,495	$3.50	25d	1	0.94mi
926 14th St West Palm Beach, FL	4.0	2.0	1050	$3,000	$2.86	16d	1	0.96mi
1563 40th St West Palm Beach, FL	4.0	2.0	1680	$3,600	$2.14	5d	1	0.96mi
1319 13th St West Palm Beach, FL	3.0	2.0	1215	$3,200	$2.63	25d	1	0.99mi
401 42nd St West Palm Beach, FL	3.0	1.0	1400	$4,950	$3.54	16d	1	1.00mi
401 42nd St West Palm Beach, FL	3.0	1.0	1100	$4,950	$4.50	25d	1	1.00mi
1805 N Flagler Dr #107 West Palm Beach, FL	3.0	2.0	1237	$2,995	$2.42	4d	1	1.00mi
1115 Windsor Ave West Palm Beach, FL	4.0	3.0	1377	$3,500	$2.54	20d	1	1.15mi
5101 Spruce Ave West Palm Beach, FL	3.0	3.0	1151	$3,100	$2.69	25d	1	1.31mi
921 8th St West Palm Beach, FL	3.0	1.0	1000	$3,395	$3.40	25d	1	1.32mi
424 51st St Unit 426 West Palm Beach, FL	3.0	2.0	1230	$3,500	$2.85	12d	1	1.34mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	17d	1	1.34mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	25d	1	1.38mi
5203 N Flagler Dr West Palm Beach, FL	3.0	1.5	1458	$6,000	$4.12	25d	1	1.39mi
5301 N Flagler Dr West Palm Beach, FL	4.0	3.0	1616	$6,000	$3.71	25d	1	1.44mi
5605 Pinewood Ave West Palm Beach, FL	4.0	2.0	1440	$3,500	$2.43	0d	1	1.46mi

Listing history 30 events

1. 2026-06-21
   days on market $475,000 Active 69 DOM
2. 2026-06-18
   days on market $475,000 Active 66 DOM
3. 2026-06-17
   days on market $475,000 Active 65 DOM
4. 2026-06-16
   days on market $475,000 Active 64 DOM
5. 2026-06-15
   days on market $475,000 Active 63 DOM
6. 2026-06-13
   days on market $475,000 Active 61 DOM
7. 2026-06-09
   days on market $475,000 Active 57 DOM
8. 2026-06-08
   days on market $475,000 Active 56 DOM
9. 2026-06-07
   days on market $475,000 Active 55 DOM
10. 2026-06-04
    days on market $475,000 Active 52 DOM
11. 2026-06-03
    days on market $475,000 Active 51 DOM
12. 2026-06-02
    days on market $475,000 Active 50 DOM
13. 2026-06-01
    days on market $475,000 Active 49 DOM
14. 2026-05-31
    days on market $475,000 Active 48 DOM
15. 2026-05-06
    price $475,000
16. 2026-04-13
    listed $485,000 Active
17. 2025-03-21
    historical
18. 2025-03-14
    listed $459,000 Active
19. 2025-02-25
    price $459,000
20. 2025-02-07
    listed $495,000 Active
21. 2025-02-01
    historical
22. 2025-01-02
    price $499,900
23. 2024-12-23
    listed $539,900 Active
24. 2021-03-30
    soldstatus $25,378
25. 2018-04-18
    historical
26. 2018-02-14
    status Active
27. 2018-02-07
    status Pending
28. 2018-01-03
    price $21,682
29. 2017-10-21
    price $21,932
30. 2017-05-03
    listed $27,000 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: $7,863 · $655/mo
• Projected year-2 tax: $7,863 · $655/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 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,170
• − Mortgage interest: −$26,607
• − Property taxes: −$7,863
• − Insurance: −$2,375
• − Repairs & maintenance: −$3,774
• − Management: −$3,774
• − Depreciation: −$13,818
• Taxable loss: −$11,041
• Est. tax savings @ 24.0%: +$2,650
• After-tax cash flow: $-215/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): 34,851
• Household income: $59,993
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 2157.0

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 0.62)
• Race & ethnicity: Black 54% White 21% Hispanic / Latino 20% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Hispanic 8% Lithuanian 1% Romanian 1%
• Foreign-born: 26% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 17% French/Haitian/Cajun 8% 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: ▼ -299.26%
• Current HPI: 363.3995
• Rent YoY: ▲ 3.08%
• 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

+1659.3% since first listed

16 events — show timeline

• 2026-05-06 Price Changed $475,000 Beaches MLS
• 2026-04-13 Listed $485,000 Beaches MLS
• 2025-03-21 Listing Removed — Beaches MLS
• 2025-03-14 Listed $459,000 Beaches MLS
• 2025-02-25 Price Changed $459,000 Beaches MLS
• 2025-02-07 Listed $495,000 Beaches MLS
• 2025-02-01 Listing Removed — Beaches MLS
• 2025-01-02 Price Changed $499,900 Beaches MLS
• 2024-12-23 Listed $539,900 Beaches MLS
• 2021-03-30 Sold (Public Records) $25,378 Public Records
• 2018-04-18 Listing Removed — MARMLS
• 2018-02-14 Relisted — MARMLS
• 2018-02-07 Pending — MARMLS
• 2018-01-03 Price Changed $21,682 MARMLS
• 2017-10-21 Price Changed $21,932 MARMLS
• 2017-05-03 Listed $27,000 MARMLS

Property tax history

+21.8%/yr

Latest (2025): $7,863 · +429.1% YoY. Source: county tax records.