716 Saxony Pl Unit O · Delray Beach, FL
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.12%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 8/10 · Major
- Hot days now (above 107°F)
- 2 days/yr
- Hot days in 30 yrs
- 8 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B 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 +22.5/30.0
- ARV discount +15.0/15.0
- 1% rule +7.5/10.0
- DSCR +7.5/10.0
- Appreciation +5.3/10.0
- Schools +4.8/10.0
- Condition / age +4.0/5.0
- Livability +3.9/5.0
- Rent growth +2.6/5.0
$69,000
716 Saxony Pl Unit O · Delray Beach, FL 33446
2 bd · 2.0 ba · 988 sqft · Condo
public records
· 111 Days on market
55+ age-restricted
Built 1974
$70/sqft
· 49% below area
Est $121k · 43% under
$740/mo HOA · 41% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to resort-style living in Kings Point, Delray Beach's premier 55+ gated community! This beautifully updated condo features brand new 2025 luxury vinyl flooring, a 2024 updated electrical panel, 2024 water heater, new appliances, new toilets, and storm shutters for peace of mind. The AC is only 5 years old. Enjoy a spacious living area, a versatile flex room perfect as a home office or guest space, and a generous walk-in closet. Kings Point offers world-class amenities including 2 championship golf courses, 3 clubhouses, indoor & outdoor pools, fitness center, theater, tennis, shuffleboard, bocce, spa, salon, restaurant, library, and free community transportation.
Key facts
- Updated water heater
- New appliances
- Storm shutters
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $69k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $270 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $69k).
- Recommended offer: $63k (9.0% below list) — sets the bar for market timing.
- Cap rate 11.0% vs local median 4.1% 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.
- Zoned schools: Orchard View Elementary School (math 48% / reading 47%, grade D, #1,182 of 2,144 statewide, top 55%, 596 students, 76% FRL); Carver Middle School (math 22% / reading 34%, grade F, #486 of 571 statewide, top 86%, 732 students, 73% FRL); Spanish River Community High School (math 64% / reading 74%, grade B, #63 of 667 statewide, top 10%, 2,578 students, 25% FRL).
- Market conditions: Rents flat; 812 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 82d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
Forward outlook
- In year one you build about $951 of equity ($477 loan paydown + $474 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.
- At projected returns (0.7% appreciation + 0.5% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 111 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: HOA is 41% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 2→8/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$62,790
(9.0% below list)
Questions for the listing agent
- It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 2.61% ✓
- Cap rate
- 10.98%
- Cash-on-cash
- 16.76%
- DSCR
- 1.75
- GRM
- 3.2
CMA / ARV
- ARV (median comp)
- $121,092
- List price
- $69,000
- Delta
- -43.02%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 10 Willowbrook #205 | 1.04mi | 2/2.0 | 1,005 (+2%) | 0mo | $142,500 | $142 | 62 |
| 84 Saxony B | 0.43mi | 2/2.0 | 880 (-11%) | 0mo | $72,500 | $82 | 61 |
| 15492 Lakes OF Delray Blvd #101 | 1.41mi | 2/2.0 | 940 (-5%) | 1mo | $185,000 | $197 | 56 |
| 14897 Bal Moral Ln #105 | 1.08mi | 2/2.0 | 1,040 (+5%) | 0mo | $185,000 | $178 | 56 |
| 33 Abbey Ln #207 | 1.19mi | 2/2.0 | 925 (-6%) | 0mo | $100,000 | $108 | 54 |
| 204 Flanders E | 0.82mi | 2/2.0 | 880 (-11%) | 0mo | $60,000 | $68 | 46 |
| 14500 Stirling Way #403 | 1.48mi | 2/2.0 | 1,220 (+24%) | 0mo | $310,000 | $254 | 40 |
| 7260 Kinghurst Dr #205 | 1.33mi | 2/2.0 | 1,230 (+24%) | 0mo | $206,000 | $167 | 40 |
| 15451 Pembridge Dr #206 | 1.34mi | 2/2.0 | 1,150 (+16%) | 0mo | $208,000 | $181 | 40 |
| 563 Piedmont L | 0.74mi | 1/1.5 (-1) | 795 (-20%) | 0mo | $95,000 | $119 | 33 |
| 887 Normandy S | 0.85mi | 1/1.5 (-1) | 760 (-23%) | 0mo | $42,000 | $55 | 33 |
| 161 Normandy Ln | 0.85mi | 1/1.5 (-1) | 760 (-23%) | 0mo | $72,000 | $95 | 33 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
0.69% appreciation · 0.51% rent growth · sell at horizon
5-year hold
- IRR
- 14.5%
- Equity multiple
- 1.70×
- Total profit
- $13,462
- Equity at exit
- $22,438
10-year hold
- IRR
- 15.2%
- Equity multiple
- 2.56×
- Total profit
- $30,141
- Equity at exit
- $28,972
Cash invested: $19,320 (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.
Active competition Active MLS
- For sale now
- 10 active · 14 under contract
- Median asking
- $122,400 ($144/sqft)
- Median days on market
- 103 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -15.1% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33446
- Home prices YoY
- 0.3%
- Rents YoY
- 0.5%
- Active inventory
- 812
- Price-to-rent
- 3.2×
Monthly cashflow live
↻
- Estimated rent
- $1,800 high interval (Pro) →
- Mortgage (P&I)
- −$362
- Tax from tax record
- −$22 /mo · $264/yr
- Insurance
- −$29
- HOA
- −$740
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$378
- Net cashflow
- $270
Break-even live
Break-even rent
$1,459
Max offer price
$69,000
Occupancy floor
80%
Sensitivity live
| Price | -10% $309 | -5% $289 | +0% $270 | +5% $250 | +10% $231 |
|---|---|---|---|---|---|
| Rent | -10% $128 | -5% $199 | +0% $270 | +5% $341 | +10% $412 |
| Rate | -1.0pp $305 | -0.5pp $287 | base $270 | +0.5pp $252 | +1.0pp $234 |
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
- $17,250
- Closing costs
- $2,070
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 718 Brittany Park #718 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,795 | $2.49 | 113d | 1 | 0.04mi |
| 718 Brittany Park #718 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,795 | $2.49 | 77d | 1 | 0.04mi |
| 694 Brittany O Delray Beach, FL | 1.0 | 1.5 | 726 | $1,700 | $2.34 | 70d | 1 | 0.04mi |
| 715 Saxony O Delray Beach, FL | 1.0 | 1.5 | 726 | $1,200 | $1.65 | 120d | 1 | 0.05mi |
| 686 Brittany O Delray Beach, FL | 1.0 | 1.5 | 720 | $1,600 | $2.22 | 120d | 1 | 0.07mi |
| 638 Saxony N Delray Beach, FL | 1.0 | 1.5 | 720 | $1,450 | $2.01 | 64d | 1 | 0.08mi |
| 662 Saxony N Delray Beach, FL | 1.0 | 1.5 | 720 | $1,450 | $2.01 | 84d | 1 | 0.08mi |
| 699 Saxony O Delray Beach, FL | 1.0 | 1.5 | 720 | $1,500 | $2.08 | 8d | 1 | 0.10mi |
| 654 Saxony N Delray Beach, FL | 1.0 | 1.5 | 720 | $1,450 | $2.01 | 84d | 1 | 0.10mi |
| 629 Saxony Pl #629 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,550 | $1.76 | 108d | 1 | 0.10mi |
| 675 Brittany O Delray Beach, FL | 1.0 | 1.5 | 720 | $1,500 | $2.08 | 120d | 1 | 0.11mi |
| 596 Saxony M Delray Beach, FL | 2.0 | 2.0 | 883 | $1,400 | $1.59 | 110d | 1 | 0.13mi |
| 596 Saxony M Delray Beach, FL | 2.0 | 2.0 | 883 | $1,650 | $1.87 | 24d | 1 | 0.13mi |
| 568 Brittany L Delray Beach, FL | 2.0 | 2.0 | 883 | $1,850 | $2.10 | 81d | 1 | 0.14mi |
| 146 Saxony Ln #146 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,300 | $1.81 | 4d | 1 | 0.19mi |
| 318 Monaco G Delray Beach, FL | 2.0 | 2.0 | 907 | $2,200 | $2.43 | 120d | 1 | 0.20mi |
| 286 Monaco F Delray Beach, FL | 1.0 | 2.0 | 726 | $1,700 | $2.34 | 120d | 1 | 0.20mi |
| 276 Monaco F Delray Beach, FL | 2.0 | 2.0 | 883 | $1,550 | $1.76 | 83d | 1 | 0.20mi |
| 477 Monaco J Delray Beach, FL | 2.0 | 2.0 | 880 | $1,650 | $1.88 | 8d | 1 | 0.20mi |
| 72 Monaco Blvd Unit 72 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,950 | $2.22 | 118d | 1 | 0.20mi |
| 58 Monaco Blvd Unit 58 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,550 | $2.15 | 61d | 1 | 0.20mi |
| 58 Monaco Blvd Unit 58 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,650 | $2.29 | 120d | 1 | 0.20mi |
| 449 Monaco J Delray Beach, FL | 2.0 | 2.0 | 903 | $1,745 | $1.93 | 12d | 1 | 0.20mi |
| 459 Monaco J #459 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,400 | $1.94 | 97d | 1 | 0.21mi |
| 417 Brittany Dr #417 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,750 | $1.99 | 117d | 1 | 0.22mi |
| 417 Brittany Dr #417 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,750 | $1.99 | 77d | 1 | 0.22mi |
| 233 Brittany Dr Unit 233 Delray Beach, FL | 2.0 | 2.0 | 988 | $1,700 | $1.72 | 120d | 1 | 0.23mi |
| 348 Monaco H Delray Beach, FL | 2.0 | 1.5 | 880 | $3,000 | $3.41 | 86d | 1 | 0.23mi |
| 468 Saxony J Delray Beach, FL | 2.0 | 2.0 | 907 | $1,850 | $2.04 | 120d | 1 | 0.23mi |
| 467 Saxony J Delray Beach, FL | 1.0 | 1.5 | 726 | $1,450 | $2.00 | 36d | 1 | 0.23mi |
| 444 Saxony Way Delray Beach, FL | 2.0 | 2.0 | 883 | $1,600 | $1.81 | 24d | 1 | 0.23mi |
| 679 Saxony Way Delray Beach, FL | 1.0 | 1.5 | 720 | $1,350 | $1.88 | 46d | 1 | 0.24mi |
| 446 Saxony Way Unit 446 Delray Beach, FL | 1.0 | 1.5 | 760 | $1,500 | $1.97 | 54d | 1 | 0.24mi |
| 520 Brittany K Unit K Delray Beach, FL | 2.0 | 2.0 | 880 | $1,375 | $1.56 | 38d | 1 | 0.25mi |
| 260 Brittany F Unit F Delray Beach, FL | 2.0 | 2.0 | 880 | $1,500 | $1.70 | 27d | 1 | 0.25mi |
| 292 Brittany Ave #292 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,700 | $1.93 | 100d | 1 | 0.25mi |
| 276 Brittany F Unit F Delray Beach, FL | 2.0 | 2.0 | 883 | $1,600 | $1.81 | 41d | 1 | 0.25mi |
| 537 Brittany K Unit 537 Delray Beach, FL | 2.0 | 2.0 | 880 | $1,600 | $1.82 | 35d | 1 | 0.25mi |
| 159 Brittany Ter Unit 159 Delray Beach, FL | 1.0 | 1.5 | 720 | $1,750 | $2.43 | 0d | 1 | 0.25mi |
| 270 Brittany F Unit F Delray Beach, FL | 1.0 | 1.5 | 720 | $1,500 | $2.08 | 72d | 1 | 0.25mi |
Property features AI
Finance
- Other
- Senior communityPets not allowed
- Financial info
- Monthly association fee listed
- HOA & community
- Association with monthly feeHOA fee includes cable TV, insurance, grounds maintenance, security, sewer, trash, water, common areas, elevator, and recreation facilitiesCommunity amenities: clubhouse, fitness center, indoor pool, outdoor pool (heated), management and manager on site, on-site parking, cafe/restaurant, community room, courtesy bus, maintained community, pickleball courts, sidewalks, street lights, gated community, security, recreation facilities
Exterior
- Parking
- Assigned parking (1 space)
- Security
- Security guardSecurity gate
- Utilities
- Public waterPublic sewerCable connectedElectricity connectedWater connectedSewer connected
- Home design
- CondominiumTwo levelsResale conditionFaces west
- Construction
- Stucco and CBS construction
- Exterior features
- Not waterfrontFlat and mansard roof
Interior
- Kitchen
- DishwasherElectric rangeMicrowaveRefrigerator
- Bedrooms
- 2 bedrooms on the main level
- Flooring
- TileVinyl
- Bathrooms
- 2 full bathrooms on the main level
- Heating & cooling
- Central electric heatingCentral air conditioningCeiling fans
- Interior features
- Walk-in closetsNo additional interior features listed
- Laundry & utility
- In-unit laundryLaundry closetWasher hookupElectric dryer hookupLaundry access inside and outside
HOA detail $740/mo · $8,880/yr condo
- Likely covers
- waterelectricpoolgymsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24status $69,000 Pending 111 DOM
-
2026-09-24days on market $69,000 Active 111 DOM
-
2026-09-23days on market $69,000 Active 110 DOM
-
2026-09-22days on market $69,000 Active 109 DOM
-
2026-09-21days on market $69,000 Active 108 DOM
-
2026-09-20days on market $69,000 Active 107 DOM
-
2026-09-18days on market $69,000 Active 105 DOM
-
2026-09-17days on market $69,000 Active 104 DOM
-
2026-09-16days on market $69,000 Active 103 DOM
-
2026-09-15days on market $69,000 Active 102 DOM
-
2026-09-13days on market $69,000 Active 100 DOM
-
2026-09-12days on market $69,000 Active 99 DOM
-
2026-09-11days on market $69,000 Active 98 DOM
-
2026-09-05days on market $69,000 Active 92 DOM
-
2026-09-04days on market $69,000 Active 91 DOM
-
2026-09-03pricedays on market $69,000 Active 90 DOM
-
2026-08-31days on market $75,000 Active 87 DOM
-
2026-08-29days on market $75,000 Active 85 DOM
-
2026-08-28days on market $75,000 Active 84 DOM
-
2026-08-27days on market $75,000 Active 83 DOM
-
2026-08-25days on market $75,000 Active 81 DOM
-
2026-08-24days on market $75,000 Active 80 DOM
-
2026-08-23days on market $75,000 Active 79 DOM
-
2026-08-22days on market $75,000 Active 78 DOM
-
2026-08-21days on market $75,000 Active 77 DOM
-
2026-08-20days on market $75,000 Active 76 DOM
-
2026-08-19days on market $75,000 Active 75 DOM
-
2026-08-18days on market $75,000 Active 74 DOM
-
2026-08-17days on market $75,000 Active 73 DOM
-
2026-08-16days on market $75,000 Active 72 DOM
-
2026-08-15days on market $75,000 Active 71 DOM
-
2026-08-14days on market $75,000 Active 70 DOM
-
2026-08-13days on market $75,000 Active 69 DOM
-
2026-08-12days on market $75,000 Active 68 DOM
-
2026-08-11days on market $75,000 Active 67 DOM
-
2026-08-10days on market $75,000 Active 66 DOM
-
2026-08-09days on market $75,000 Active 65 DOM
-
2026-08-08days on market $75,000 Active 64 DOM
-
2026-08-06days on market $75,000 Active 62 DOM
-
2026-08-05days on market $75,000 Active 61 DOM
-
2026-08-03days on market $75,000 Active 59 DOM
-
2026-07-31days on market $75,000 Active 56 DOM
-
2026-07-26days on market $75,000 Active 51 DOM
-
2026-07-24days on market $75,000 Active 49 DOM
-
2026-07-23days on market $75,000 Active 48 DOM
-
2026-07-22days on market $75,000 Active 47 DOM
-
2026-07-21days on market $75,000 Active 46 DOM
-
2026-07-20days on market $75,000 Active 45 DOM
-
2026-07-18days on market $75,000 Active 43 DOM
-
2026-07-18days on market $75,000 Active 42 DOM
ⓘ 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
- $264 · $22/mo
- Projected year-2 tax
- $573 · $48/mo
- Expected delta
- +$308/yr (+$26/mo · 116.5%)
ⓘ 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) · 12% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 2 d/yr ≥107°F today · 8 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,606
- − Mortgage interest
- −$3,865
- − Property taxes
- −$264
- − Insurance
- −$345
- − Repairs & maintenance
- −$1,728
- − Management
- −$1,728
- − HOA
- −$8,880
- − Depreciation
- −$2,007
- Taxable income
- $2,787
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$669
- After-tax cash flow
- $2,568/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.
Condition & rehab AI · 9 photos
80/100
Cosmetic rehab
Est. rehab $4,940–$14,820 screening
This move-in ready condo in Kings Point, Delray Beach, features updated appliances, new flooring, and fresh paint, making it an attractive option for both buyers and renters. Minor exterior painting and flooring upgrades would further enhance its value.
Components & finishes AI
Flooring tile
Value-add opportunities
- Resale Paint exterior siding — Enhances curb appeal and value. ↑
- Both Replace carpet with hardwood flooring — Improves aesthetics and increases both resale and rental value. ↑
- Resale Upgrade kitchen appliances — Modernizes the kitchen and enhances appeal to potential buyers. ↑
- Both Install smart home devices — Enhances convenience and adds value for both buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
F
Composite school gradezoned avg 48/100
Zoned Schools
Elementary
Orchard View Elementary School
D
FL #1,182/2,144
Nat'l #14,382/41,679
Middle
Carver Middle School
F
FL #486/571
Nat'l #9,545/14,009
High
Spanish River Community High School
B
FL #63/667
Nat'l #2,354/17,239
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
B
Composite livability gradescore 77/100
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 · 1,637,487 people
- City population
- 123,167
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 28,431
- Household income
- $80,187
- Rent vs Own
- Severe rent burden
- 24% of renters
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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
1 event — show timeline
- 2026-06-05 Listed $75,000 Beaches MLS
Property tax history
-4.2%/yrLatest (2025): $264 · +3.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…