2747 Summit Blvd · Palm Springs, FL 33406

$465,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 21 Days on market

Built 1990 4,792 sqft lot

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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 +13.4/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +4.0/10.0
• Livability +3.7/5.0
• 1% rule +3.4/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 2-bath, concrete construction home built in 1990. Clean and freshly painted, this home offers a bright, inviting feel. Ideally situated near the Palm Beach Zoo, Dreher Park, Palm Beach International Airport, I-95, and the Turnpike—everything you want or need is just minutes away! A wonderful place to call home or a smart investment in one of West Palm's most convenient locations.

Key facts

• Ceramic floors
• New appliances
• Modern kitchen

Tags

• COMPLETELY RENOVATED HOME
• NEW ROOF
• IMPACT WINDOWS AND DOORS
• CERAMIC FLOORS
• MODERN KITCHEN
• NEW APPLIANCES

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Open gravel parking for up to 5 vehicles
• Security: Fire alarm
• Utilities: Public water; Septic tank; Electricity connected (220 volts); Sewer connected
• Home design: Single family residence; One story; Updated/remodeled; Faces south
• Construction: Block/Stucco/CBS construction; Shingle roof; Built as a single-story building
• Exterior features: Fenced yard; Not on waterfront

Interior

• Kitchen: Dishwasher; Microwave; ENERGY STAR qualified refrigerator; ENERGY STAR qualified freezer; Electric water heater
• Bedrooms: One main-level bedroom
• Flooring: Ceramic tile
• Bathrooms: Two full bathrooms (one on the main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s); French doors; Storm windows
• Laundry & utility: Inside laundry room with washer hookup; ENERGY STAR qualified washer; ENERGY STAR qualified dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $465k.

Deal economics

• At list price, monthly cash flow is $5 ($55/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 $390k (16.2% below list).
• Recommended offer: $390k (16.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#297 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment D+, amenities F, commute 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: Meadow Park Elementary School (math 64% / reading 73%, grade B+, #409 of 2,144 statewide, top 20%, 809 students, 65% FRL); Conniston Middle School (math 35% / reading 38%, grade F, #405 of 571 statewide, top 72%, 1,075 students, 74% FRL); Forest Hill Community High School (math 20% / reading 41%, grade F, #434 of 667 statewide, top 66%, 2,407 students, 66% FRL) — zoned schools average 68% FRL vs 52% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 100 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $3,899/mo this rent would consume 61% of the median local household income ($77k/yr) (locally 768% 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 21 days — a 2% lower offer ($458k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 15400% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $343k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $389,884 (16.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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?
4. 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.
5. 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.
6. 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: 0.84% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.68% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.36×
• Total profit: $-83,979
• Equity at exit: $69,333

10-year hold

• IRR: -16.5%
• Equity multiple: 0.17×
• Total profit: $-107,698
• Equity at exit: $40,205

Cash invested: $130,200 (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 33406

• Rents YoY: 0.7%
• Active inventory: 100
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,899 high
• Mortgage (P&I): −$2,439
• Tax from tax record: −$443 /mo · $5,319/yr
• Insurance: −$194
• HOA: −$0
• Vacancy / Maint / Mgmt: −$819
• Net cashflow: $5

Break-even live

Break-even rent $3,893

Max offer price $465,000

Occupancy floor 95%

Sensitivity live

Price	-10% $268	-5% $136	+0% $5	+5% $-127	+10% $-259
Rent	-10% $-303	-5% $-149	+0% $5	+5% $159	+10% $313
Rate	-1.0pp $239	-0.5pp $123	base $5	+0.5pp $-116	+1.0pp $-238

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: $116,250
• Closing costs: $13,950
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2518 Ranch House Rd West Palm Beach, FL	3.0	2.5	1749	$4,500	$2.57	6d	1	0.35mi
1317 Willow Rd West Palm Beach, FL	3.0	2.0	1502	$3,200	$2.13	17d	1	0.78mi
6504 Heather Way West Palm Beach, FL	3.0	2.0	1643	$3,400	$2.07	10d	1	0.82mi
110 Wilson Rd West Palm Beach, FL	3.0	1.0	1433	$8,000	$5.58	26d	1	0.88mi
1041 W Lakewood Rd West Palm Beach, FL	3.0	2.5	1857	$4,300	$2.32	26d	1	1.08mi
5008 Parker Ave West Palm Beach, FL	3.0	2.0	1318	$4,000	$3.03	26d	1	1.29mi
1905 Meadow Ct West Palm Beach, FL	3.0	2.0	1222	$7,000	$5.73	26d	1	1.31mi
7115 Venetian Way West Palm Beach, FL	3.0	2.0	1950	$4,950	$2.54	26d	1	1.32mi
832 Green St #1 West Palm Beach, FL	3.0	2.0	1700	$4,550	$2.68	14d	1	1.33mi
2637 Exuma Rd West Palm Beach, FL	4.0	2.0	1546	$3,800	$2.46	5d	1	1.41mi
727 Fernwood Dr West Palm Beach, FL	3.0	3.0	1667	$7,200	$4.32	26d	1	1.42mi
733 Green St West Palm Beach, FL	2.0	1.0	1116	$3,400	$3.05	5d	1	1.42mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$3,060	$3.18	1d	12	1.45mi
5003 Garden Ave West Palm Beach, FL	4.0	2.0	1220	$2,950	$2.42	16d	1	1.49mi

Listing history 23 events

1. 2026-06-07
   pricestatus $465,000 Pending 21 DOM
2. 2026-06-04
   days on market $450,000 Active 21 DOM
3. 2026-06-03
   days on market $450,000 Active 20 DOM
4. 2026-06-02
   days on market $450,000 Active 19 DOM
5. 2026-06-01
   days on market $450,000 Active 18 DOM
6. 2026-05-31
   days on market $450,000 Active 17 DOM
7. 2026-05-21
   listed $3,000
8. 2026-05-20
   price $450,000
9. 2026-05-20
   price $455,000
10. 2026-05-14
    listed $495,000 Active
11. 2026-05-13
    historical
12. 2026-04-17
    price $485,000
13. 2026-04-16
    price $490,000
14. 2026-04-16
    price $485,000
15. 2026-03-28
    price $490,000
16. 2026-03-23
    price $495,000
17. 2026-03-12
    listed $499,000 Active
18. 2026-01-28
    soldstatus $343,000
19. 2026-01-26
    soldstatus $335,000 Closed 424-char remark

    Show marketing remark (424 chars)

    Welcome to this charming 3-bedroom, 2-bath, concrete construction home built in 1990. Clean and freshly painted, this home offers a bright, inviting feel. Ideally situated near the Palm Beach Zoo, Dreher Park, Palm Beach International Airport, I-95, and the Turnpike—everything you want or need is just minutes away! A wonderful place to call home or a smart investment in one of West Palm's most convenient locations.

20. 2025-11-25
    status Pending 424-char remark

    Show marketing remark (424 chars)

    Welcome to this charming 3-bedroom, 2-bath, concrete construction home built in 1990. Clean and freshly painted, this home offers a bright, inviting feel. Ideally situated near the Palm Beach Zoo, Dreher Park, Palm Beach International Airport, I-95, and the Turnpike—everything you want or need is just minutes away! A wonderful place to call home or a smart investment in one of West Palm's most convenient locations.

21. 2025-11-14
    historical Active Under Contract 424-char remark

    Show marketing remark (424 chars)

    Welcome to this charming 3-bedroom, 2-bath, concrete construction home built in 1990. Clean and freshly painted, this home offers a bright, inviting feel. Ideally situated near the Palm Beach Zoo, Dreher Park, Palm Beach International Airport, I-95, and the Turnpike—everything you want or need is just minutes away! A wonderful place to call home or a smart investment in one of West Palm's most convenient locations.

22. 2025-10-16
    listed $459,000 Active 424-char remark

    Show marketing remark (424 chars)

    Welcome to this charming 3-bedroom, 2-bath, concrete construction home built in 1990. Clean and freshly painted, this home offers a bright, inviting feel. Ideally situated near the Palm Beach Zoo, Dreher Park, Palm Beach International Airport, I-95, and the Turnpike—everything you want or need is just minutes away! A wonderful place to call home or a smart investment in one of West Palm's most convenient locations.

23. 1987-12-01
    soldstatus $15,000

ⓘ 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: $5,319 · $443/mo
• Projected year-2 tax: $5,319 · $443/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $46,786
• − Mortgage interest: −$26,047
• − Property taxes: −$5,319
• − Insurance: −$2,325
• − Repairs & maintenance: −$3,743
• − Management: −$3,743
• − Depreciation: −$13,527
• Taxable loss: −$7,918
• Est. tax savings @ 24.0%: +$1,900
• After-tax cash flow: $1,955/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 — Palm Springs

• Score: 73/100
• State rank: #297
• US rank: #5045

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 49,443
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 26,945
• Household income: $77,075
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 768.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 54% White 33% Two or more races 29% Black 8% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Cuban 17% Dominican 5% Salvadoran 1%
• Common ancestry: Hispanic 3% Lithuanian 2% Romanian 1%
• Foreign-born: 39% · Canada, Jamaica, Vietnam
• Languages at home: 45% English-only · Spanish 49% French/Haitian/Cajun 2% 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: ▼ -384.39%
• Current HPI: 441.2523
• Rent YoY: ▲ 0.68%
• 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

-80.0% since first listed

17 events — show timeline

• 2026-05-21 Listed for Rent $3,000 RMLSFL
• 2026-05-20 Price Changed $450,000 Beaches MLS
• 2026-05-20 Price Changed $455,000 Beaches MLS
• 2026-05-14 Listed $495,000 Beaches MLS
• 2026-05-13 Listing Removed — Beaches MLS
• 2026-04-17 Price Changed $485,000 Beaches MLS
• 2026-04-16 Price Changed $490,000 Beaches MLS
• 2026-04-16 Price Changed $485,000 Beaches MLS
• 2026-03-28 Price Changed $490,000 Beaches MLS
• 2026-03-23 Price Changed $495,000 Beaches MLS
• 2026-03-12 Listed $499,000 Beaches MLS
• 2026-01-28 Sold (Public Records) $343,000 Public Records
• 2026-01-26 Sold (MLS) $335,000 Beaches MLS
• 2025-11-25 Pending — Beaches MLS
• 2025-11-14 Contingent — Beaches MLS
• 2025-10-16 Listed $459,000 Beaches MLS
• 1987-12-01 Sold (Public Records) $15,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $5,319 · +8.8% YoY. Source: county tax records.