5760 Pine Wood Dr Unit D-1 · Greenacres, FL 33463

$150,000

2 bd · 1.5 ba · 935 sqft · Condo public records · 54 Days on market

Built 1981 $415/mo HOA · 21% of rent

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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 +23.2/30.0
• 1% rule +8.3/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright ist floor end unit with glass enclosed and tiled porch. All new laminate floors throught except tiled kitchen. New applances including Air.Perfectly maintained as rental unit. All new White Cabinets. Walk across street to Beautiful Pool and Clubhouse. Convenient to Shopping and Airport. Seller is a Licensed Real Estate Agent.

Key facts

• Laminate flooring
• Shuffleboard courts
• Bright white kitchen

Tags

• LAMINATE FLOORING
• UPGRADED BATHROOMS
• BRIGHT WHITE KITCHEN
• COMMUNITY AMENITIES
• POOL
• SHUFFLEBOARD COURTS

Property features AI

Finance

• Financial info: Pets allowed (with number and size limits)
• HOA & community: Has association; Quarterly HOA fees; HOA covers cable TV, insurance, common areas, reserve funds, roof repairs, recreation facility, and pool service

Exterior

• Parking: Assigned parking; Guest parking; Total 1 parking space
• Utilities: Public water; Public sewer; Cable available
• Home design: Condominium; One level (unit in a two-story building); Faces southwest; Resale property
• Construction: Concrete/CBS construction; Shingle roof; 2 total stories (building)
• Exterior features: Not waterfront; Community clubhouse; Community pool; Shuffleboard court; Community room

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets; Shutters
• Laundry & utility: Inside laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#490 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: Liberty Park Elementary School (math 25% / reading 38%, grade F, #1,841 of 2,144 statewide, top 86%, 845 students, 76% FRL); L C Swain Middle School (math 26% / reading 33%, grade F, #469 of 571 statewide, top 84%, 1,451 students, 74% FRL) — zoned schools average 75% FRL vs 52% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 50% district-wide (-19 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 (+1.3%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 32% of the median local income ($74k/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 $1k of loan paydown is wiped out by about $4k 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 54 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $63k; list at $150k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• 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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% 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. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.33% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.77%
• DSCR: 1.35
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.33% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.76×
• Total profit: $-10,092
• Equity at exit: $22,365

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,204
• Equity at exit: $12,969

Cash invested: $42,000 (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 33463

• Home prices YoY: -30.9%
• Rents YoY: 1.3%
• Active inventory: 346
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,999 high
• Mortgage (P&I): −$787
• Tax from tax record: −$43 /mo · $521/yr
• Insurance: −$62
• HOA: −$415
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $272

Break-even live

Break-even rent $1,655

Max offer price $150,000

Occupancy floor 81%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5855 S 37th St Unit 5857 Greenacres, FL	2.0	1.0	747	$1,974	$2.64	7d	1	0.10mi
3490 La Jardin Ct Unit B2 Greenacres, FL	1.0	1.0	780	$1,385	$1.78	2d	1	0.29mi
342 Pine Ridge Cir Unit B2 Greenacres, FL	2.0	1.5	935	$2,200	$2.35	14d	1	0.31mi
5971 La Pinata Blvd Unit B1 Greenacres, FL	2.0	1.0	920	$1,750	$1.90	24d	1	0.36mi
6170 Dodd Rd Unit The Greenacres, FL	2.0	2.0	1000	$2,600	$2.60	24d	1	0.40mi
4181 S 57th Ave Unit D Greenacres, FL	2.0	2.0	847	$1,850	$2.18	24d	1	0.49mi
4191 S 57th Ave Unit H Greenacres, FL	2.0	2.0	847	$1,750	$2.07	24d	1	0.50mi
4205 S 57th Ave Unit G Greenacres, FL	2.0	2.0	1046	$1,900	$1.82	24d	1	0.52mi
6061 10th Ave N #242 Greenacres, FL	2.0	2.0	855	$2,000	$2.34	4d	1	0.61mi
6031 10th Ave N #219 Greenacres, FL	3.0	2.0	1078	$2,400	$2.23	3d	1	0.64mi
826 Sky Pine Way Greenacres, FL	2.0–3.0	2.0	1304	$1,800	$1.38	12d	2	0.85mi
5775 Fernley Dr W #131 West Palm Beach, FL	2.0	2.0	1072	$2,000	$1.87	10d	1	0.86mi
813 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1111	$1,725	$1.55	2d	1	0.88mi
813 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1111	$1,725	$1.55	14d	1	0.88mi
712 Sunny Pine Way Greenacres, FL	2.0	2.0	1068	$2,150	$2.01	24d	1	0.89mi
812 Sky Pine Way Greenacres, FL	2.0	2.0	1064	$2,100	$1.97	24d	1	0.90mi
2980 Crosley Dr E Unit F West Palm Beach, FL	2.0	1.0	829	$1,600	$1.93	24d	1	0.91mi
811 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1064	$1,550	$1.46	20d	1	0.93mi
4101 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,850	$2.10	10d	1	0.93mi
4904 Dillon St Unit C Greenacres, FL	1.0	1.0	699	$1,450	$2.07	24d	1	0.94mi
317 Knotty Pine Cir Unit A2 Greenacres, FL	2.0	1.0	818	$1,500	$1.83	24d	1	0.94mi
4121 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,950	$2.21	24d	1	0.95mi
3350 Perimeter Dr #1323 Greenacres, FL	2.0	2.0	1059	$1,975	$1.86	1d	1	0.95mi
3386 Lucerne Park Dr Greenacres, FL	2.0	2.0	1059	$1,950	$1.84	24d	1	0.95mi
4221 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,900	$2.15	24d	1	0.95mi
802 Sky Pine Way Unit E2 Greenacres, FL	2.0	2.0	1111	$1,750	$1.58	7d	1	0.96mi
4185 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,850	$2.10	21d	1	0.96mi
629 Sea Pine Way Unit D3 Greenacres, FL	2.0	2.0	1005	$2,100	$2.09	21d	1	0.96mi
231 Pine Hov Cir Unit A1 Greenacres, FL	1.0	1.0	818	$1,650	$2.02	24d	1	0.97mi
718 Sunny Pine Way Unit H2 Greenacres, FL	2.0	2.0	1111	$2,000	$1.80	5d	1	0.97mi
718 Sunny Pine Way Unit H2 Greenacres, FL	2.0	2.0	1111	$2,000	$1.80	20d	1	0.97mi
4259 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,900	$2.15	24d	1	0.98mi
2715 Emory Dr W Unit C West Palm Beach, FL	1.0	1.5	661	$1,425	$2.16	17d	1	0.98mi
211 Pine Hov Cir Unit D2 Greenacres, FL	2.0	2.0	924	$1,850	$2.00	24d	1	0.99mi
121 Lake Pine Cir Unit A2 Greenacres, FL	2.0	1.0	818	$1,600	$1.96	24d	1	0.99mi
105 Lake Pine Cir Unit B2 Greenacres, FL	2.0	2.0	937	$2,000	$2.13	24d	1	0.99mi
313 Knotty Pine Cir Unit A2 Greenacres, FL	2.0	2.0	937	$1,900	$2.03	24d	1	0.99mi
720 Sunny Pine Way Unit G1 Greenacres, FL	2.0	2.0	1111	$2,000	$1.80	19d	1	0.99mi
4245 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$2,000	$2.27	24d	1	0.99mi
4243 Oak Terrace Dr #4243 Greenacres, FL	2.0	2.0	883	$1,950	$2.21	24d	1	0.99mi

HOA detail condo

• Monthly dues: $415 · $4,980/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $150,000 Active 54 DOM
2. 2026-06-17
   days on market $150,000 Active 53 DOM
3. 2026-06-16
   days on market $150,000 Active 52 DOM
4. 2026-06-15
   days on market $150,000 Active 51 DOM
5. 2026-06-13
   pricedays on market $150,000 Active 49 DOM
6. 2026-06-09
   days on market $155,000 Active 45 DOM
7. 2026-06-08
   days on market $155,000 Active 44 DOM
8. 2026-06-07
   days on market $155,000 Active 43 DOM
9. 2026-06-04
   days on market $155,000 Active 40 DOM
10. 2026-06-03
    days on market $155,000 Active 39 DOM
11. 2026-06-02
    days on market $155,000 Active 38 DOM
12. 2026-06-01
    days on market $155,000 Active 37 DOM
13. 2026-05-31
    days on market $155,000 Active 36 DOM
14. 2026-04-25
    listed $155,000 Active
15. 2014-03-18
    soldstatus $63,000 Closed 336-char remark

    Show marketing remark (336 chars)

    Bright ist floor end unit with glass enclosed and tiled porch. All new laminate floors throught except tiled kitchen. New applances including Air.Perfectly maintained as rental unit. All new White Cabinets. Walk across street to Beautiful Pool and Clubhouse. Convenient to Shopping and Airport. Seller is a Licensed Real Estate Agent.

16. 2014-03-05
    soldstatus $63,000
17. 2013-10-30
    status Pending 336-char remark

    Show marketing remark (336 chars)

    Bright ist floor end unit with glass enclosed and tiled porch. All new laminate floors throught except tiled kitchen. New applances including Air.Perfectly maintained as rental unit. All new White Cabinets. Walk across street to Beautiful Pool and Clubhouse. Convenient to Shopping and Airport. Seller is a Licensed Real Estate Agent.

18. 2013-10-07
    listed $68,500 Active 336-char remark

    Show marketing remark (336 chars)

    Bright ist floor end unit with glass enclosed and tiled porch. All new laminate floors throught except tiled kitchen. New applances including Air.Perfectly maintained as rental unit. All new White Cabinets. Walk across street to Beautiful Pool and Clubhouse. Convenient to Shopping and Airport. Seller is a Licensed Real Estate Agent.

19. 2012-02-15
    soldstatus $35,000 251-char remark

    Show marketing remark (251 chars)

    JUST REDUCED, THIS IS A MUST SEE, EVERYTHING IS BRAND NEW , PERGO FLOORING THRU OUT, TILE ON PATIO, COMPLETELY REMODELED, KITCHEN HAS BRAND NEW WHITE CABLNETS. BRAND NEW CONDO WITHOUT THE PRICE. LOWEST HOA FEES AROUND. AC WATER HEATER AND ALL APPL NEW

20. 2012-01-11
    historical 251-char remark

    Show marketing remark (251 chars)

    JUST REDUCED, THIS IS A MUST SEE, EVERYTHING IS BRAND NEW , PERGO FLOORING THRU OUT, TILE ON PATIO, COMPLETELY REMODELED, KITCHEN HAS BRAND NEW WHITE CABLNETS. BRAND NEW CONDO WITHOUT THE PRICE. LOWEST HOA FEES AROUND. AC WATER HEATER AND ALL APPL NEW

21. 2009-06-09
    listed $49,900 251-char remark

    Show marketing remark (251 chars)

    JUST REDUCED, THIS IS A MUST SEE, EVERYTHING IS BRAND NEW , PERGO FLOORING THRU OUT, TILE ON PATIO, COMPLETELY REMODELED, KITCHEN HAS BRAND NEW WHITE CABLNETS. BRAND NEW CONDO WITHOUT THE PRICE. LOWEST HOA FEES AROUND. AC WATER HEATER AND ALL APPL NEW

22. 2008-12-06
    historical
23. 2007-03-06
    listed $94,999
24. 1980-12-01
    soldstatus $42,800

ⓘ 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: $521 · $43/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$724/yr (+$60/mo · 139.1%)

ⓘ 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 9/10 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: $23,992
• − Mortgage interest: −$8,402
• − Property taxes: −$521
• − Insurance: −$750
• − Repairs & maintenance: −$1,919
• − Management: −$1,919
• − HOA: −$4,980
• − Depreciation: −$4,364
• Taxable income: $1,137
• Est. tax owed @ 24.0%: −$273
• After-tax cash flow: $2,991/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 — Greenacres

• Score: 69/100
• State rank: #490
• US rank: #9008

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenacres, FL
• County: Palm Beach County · 1,438,312 people
• City population: 65,478
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 65,478
• Household income: $73,865
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 1466.0

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 0.70)
• Race & ethnicity: Hispanic / Latino 38% Black 29% White 27% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 6% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 15% Romanian 1% Slovak 1%
• Foreign-born: 39% · Canada, Jamaica, China
• Languages at home: 45% English-only · Spanish 32% French/Haitian/Cajun 17% 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: ▼ -175.33%
• Current HPI: 392.055
• Rent YoY: ▲ 1.33%
• 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

+262.1% since first listed

11 events — show timeline

• 2026-04-25 Listed $155,000 Beaches MLS
• 2014-03-18 Sold (MLS) $63,000 Beaches MLS
• 2014-03-05 Sold (Public Records) $63,000 Public Records
• 2013-10-30 Pending — Beaches MLS
• 2013-10-07 Listed $68,500 Beaches MLS
• 2012-02-15 Sold (MLS) $35,000 Beaches MLS
• 2012-01-11 Listing Removed — Beaches MLS
• 2009-06-09 Listed $49,900 Beaches MLS
• 2008-12-06 Listing Removed — Beaches MLS
• 2007-03-06 Listed $94,999 Beaches MLS
• 1980-12-01 Sold (Public Records) $42,800 Public Records

Property tax history

-3.1%/yr

Latest (2025): $521 · +7.4% YoY. Source: county tax records.