3597 Birdie #308 · Lake Worth Beach, FL 33460

$144,500

2 bd · 2.0 ba · 1,090 sqft · Condo · 49 Days on market

Built 1978 Good condition $807/mo HOA · 31% 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 +22.2/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• Schools +4.3/10.0
• Condition / age +3.8/5.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Experience the ultimate 55+ resort lifestyle in this beautifully partially renovated condo! This bright and airy unit features a brand-new kitchen and new windows. It showcase breathtaking, panoramic views of the lush golf course and serene lake. Move right in and start enjoying the scenery, the sound of birds, chirping from day one. Convenience is at your doorstep with a refreshing pool located just steps from your unit. As part of this premier community, you’ll have access to an incredible array of amenities at the clubhouse, including a full-service restaurant (The 19th Hole), additional pools, pickleball, tennis, and a diverse calendar of social events and entertainment. Whether

Key facts

• New kitchen
• Refreshing pool
• Panoramic views

Tags

• NEW KITCHEN
• NEW WINDOWS
• PANORAMIC VIEWS
• GOLF COURSE
• SERENE LAKE
• REFRESHING POOL

Property features AI

Finance

• Other: Association fee frequency: monthly
• Financial info: Pets not allowed; Senior community
• HOA & community: Monthly association fee; Association amenities include clubhouse, fitness center, golf course, barbecue/picnic area, pickleball, pool, tennis courts and elevators; Association covers management, common areas, maintenance (grounds and structure), parking, pest control, pool(s), roof, reserves

Exterior

• Parking: Attached garage with 1 covered space
• Security: Secured elevator
• Utilities: Water included in association; Hot water included in association; Trash service included in association; Cable and internet included in association
• Home design: 6-story building; Entry on level 3; Condo / attached property; Has a view
• Construction: Block construction; Resale unit
• Exterior features: Tennis court(s); Association pool; Located on a golf course; Lakefront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal
• Bedrooms: Bedroom on main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Accessible elevator installed; Accessible kitchen; Living/dining room; Elevator
• Laundry & utility: Washer; Dryer; Electric water heater; Utility / laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $144k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $144k).
• Recommended offer: $140k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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 (+3.5%/yr); 249 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $2,584/mo this rent would consume 50% of the median local household income ($62k/yr) (locally 2429% 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 $999 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 49 days — a 3% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 12% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: HOA is 31% 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 $140,165 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.79% ✓
• Cap rate: 8.25%
• Cash-on-cash: 6.99%
• DSCR: 1.31
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: -4.2%
• Equity multiple: 0.84×
• Total profit: $-6,487
• Equity at exit: $21,545

10-year hold

• IRR: 6.8%
• Equity multiple: 1.53×
• Total profit: $21,594
• Equity at exit: $12,494

Cash invested: $40,460 (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 33460

• Rents YoY: 3.5%
• Active inventory: 249
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,584 high
• Mortgage (P&I): −$758
• Tax est. 1.5%: −$181 /mo · $2,168/yr
• Insurance: −$60
• HOA: −$807
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $236

Break-even live

Break-even rent $2,286

Max offer price $144,500

Occupancy floor 86%

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: $36,125
• Closing costs: $4,335
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 N Dixie Hwy #104 Lake Worth Beach, FL	2.0	2.5	1440	$3,000	$2.08	17d	1	0.13mi
310 N Dixie Hwy #104 Lake Worth Beach, FL	2.0	2.5	1440	$2,950	$2.05	17d	1	0.13mi
227 N E St Lake Worth Beach, FL	3.0	2.0	1276	$3,500	$2.74	24d	1	0.15mi
417 N F St Lake Worth Beach, FL	1.0	1.0	972	$2,300	$2.37	24d	1	0.16mi
417 N E St Unit 39 Lake Worth Beach, FL	1.0	1.0	700	$1,550	$2.21	24d	1	0.21mi
408 N J St Lake Worth Beach, FL	2.0	1.0	1000	$3,200	$3.20	24d	1	0.22mi
101 S East Coast St Lake Worth Beach, FL	2.0	2.0	1029	$2,500	$2.43	17d	1	0.22mi
214 N C St Lake Worth Beach, FL	3.0	2.0	1260	$4,500	$3.57	24d	1	0.24mi
412 N K St Lake Worth, FL	2.0	1.0	915	$2,500	$2.73	21d	1	0.27mi
531 N J St #5 Lake Worth Beach, FL	2.0	2.0	992	$2,000	$2.02	5d	1	0.29mi
601 N E St Lake Worth Beach, FL	3.0	2.0	1368	$3,350	$2.45	24d	1	0.31mi
1409 Lake Ave Lake Worth Beach, FL	2.0	2.0	799	$1,800	$2.25	17d	1	0.32mi
602 N D St Lake Worth Beach, FL	2.0	1.0	784	$2,500	$3.19	24d	1	0.32mi
12 N B St Lake Worth Beach, FL	1.0	1.0	800	$1,700	$2.12	14d	1	0.35mi
511 Lucerne Ave Lake Worth, FL	1.0–2.0	1.0–2.0	1029	$4,900	$4.76	14d	1	0.36mi
525 N L St Lake Worth Beach, FL	3.0	2.0	1305	$4,500	$3.45	24d	1	0.37mi
525 N L St Lake Worth Beach, FL	3.0	2.0	1305	$4,500	$3.45	12d	1	0.37mi
112 S J St Lake Worth Beach, FL	1.0	2.0	988	$3,000	$3.04	19d	1	0.37mi
105 S D St Lake Worth Beach, FL	3.0	2.0	1326	$3,300	$2.49	24d	1	0.37mi
105 S D St Lake Worth Beach, FL	3.0	2.0	1326	$3,150	$2.38	11d	1	0.37mi
120 N M St Unit L Lake Worth Beach, FL	2.0	2.0	1072	$2,500	$2.33	13d	1	0.38mi
1716 3rd Ave N Lake Worth Beach, FL	2.0–3.0	2.0	1000	$1,600	$1.60	24d	1	0.39mi
707 N J St Lake Worth Beach, FL	3.0	2.0	1089	$3,000	$2.75	24d	1	0.39mi
301 N Federal Hwy Unit 5 And Attached Garage Lake Worth Beach, FL	1.0	2.0	875	$1,900	$2.17	15d	1	0.40mi
607 N L St Unit 2 Lake Worth Beach, FL	2.0	1.0	900	$2,475	$2.75	24d	1	0.40mi
205 N Federal Hwy Unit B Lake Worth Beach, FL	2.0	1.0	780	$1,750	$2.24	24d	1	0.40mi
526 6th Ave N Unit 519 Lake Worth Beach, FL	1.0	1.0	700	$1,395	$1.99	22d	1	0.41mi
623 N L St #1 Lake Worth Beach, FL	2.0	2.0	1220	$2,600	$2.13	24d	1	0.42mi
710 N K St #202 Lake Worth Beach, FL	2.0	1.0	924	$1,850	$2.00	24d	1	0.45mi
206 S C St Lake Worth Beach, FL	3.0	1.0	1000	$2,500	$2.50	24d	1	0.46mi
702 N L St Lake Worth, FL	1.0	1.0	643	$1,474	$2.29	5d	2	0.48mi
1741 3rd Ave N #6 Lake Worth Beach, FL	2.0	2.0	775	$1,550	$2.00	19d	1	0.48mi
628 N M St Lake Worth, FL	2.0	1.0	800	$2,150	$2.69	4d	1	0.49mi
216 N Ocean Breeze Unit Main Lake Worth Beach, FL	3.0	2.0	1280	$3,600	$2.81	24d	1	0.49mi
815 N J St Lake Worth, FL	1.0	1.0	850	$1,600	$1.88	24d	1	0.49mi
820 N Dixie Hwy Unit 4 Lake Worth Beach, FL	2.0	1.0	850	$2,000	$2.35	24d	1	0.50mi
204 S M St Unit Upstairs Unit Lake Worth Beach, FL	3.0	1.0	1386	$3,500	$2.53	15d	1	0.53mi
202 Lucerne Ave Unit 12 Lake Worth Beach, FL	1.0	1.0	880	$1,695	$1.93	5d	1	0.54mi
131 S Federal Hwy #1 Lake Worth Beach, FL	1.0	1.0	768	$1,900	$2.47	22d	1	0.54mi
131 S Federal Hwy #1 Lake Worth Beach, FL	1.0	1.0	768	$1,900	$2.47	24d	1	0.54mi

HOA detail condo

• Monthly dues: $807 · $9,684/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $144,500 Active 49 DOM
2. 2026-06-17
   days on market $144,500 Active 48 DOM
3. 2026-06-16
   days on market $144,500 Active 47 DOM
4. 2026-06-15
   days on market $144,500 Active 46 DOM
5. 2026-06-13
   days on market $144,500 Active 44 DOM
6. 2026-06-09
   days on market $144,500 Active 40 DOM
7. 2026-06-08
   days on market $144,500 Active 39 DOM
8. 2026-06-07
   days on market $144,500 Active 38 DOM
9. 2026-06-04
   days on market $144,500 Active 35 DOM
10. 2026-06-03
    days on market $144,500 Active 34 DOM
11. 2026-06-02
    days on market $144,500 Active 33 DOM
12. 2026-06-01
    days on market $144,500 Active 32 DOM
13. 2026-05-31
    days on market $144,500 Active 31 DOM
14. 2026-05-03
    price $144,500
15. 2026-05-03
    status Active
16. 2026-04-28
    listed $128,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,006
• − Mortgage interest: −$8,094
• − Property taxes: −$2,168
• − Insurance: −$722
• − Repairs & maintenance: −$2,480
• − Management: −$2,480
• − HOA: −$9,684
• − Depreciation: −$4,204
• Taxable income: $1,173
• Est. tax owed @ 24.0%: −$282
• After-tax cash flow: $2,546/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 · 12 photos

Good 75/100 Cosmetic rehab

This partially renovated condo offers a bright and airy living space with a new kitchen and windows, and a beautiful view of the golf course and lake. The property is move-in ready and benefits from a well-maintained exterior and landscaping.

Value-add opportunities

• Both New kitchen — Modern kitchen enhances both resale and rental value
• Both New windows — New windows improve natural light and energy efficiency
• Both Landscaping — Well-maintained landscaping enhances curb appeal and property value

Renovation cost estimate screening

Value-add ROI direction

• Both New kitchen — Modern kitchen enhances both resale and rental value ↑
• Both New windows — New windows improve natural light and energy efficiency ↑
• Both Landscaping — Well-maintained landscaping enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Lake Worth Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Lake Worth Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 129,577
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,795
• Household income: $62,090
• Rent vs Own: 55.6% rent · 44.4% own
• Severe rent burden: 2429.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 49% White 30% Two or more races 21% Black 17%
• Hispanic origin (detail): Mexican 5% Puerto Rican 5% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 8% Lithuanian 2% Slovak 1%
• Foreign-born: 40% · Canada, Jamaica
• Languages at home: 44% English-only · Spanish 42% French/Haitian/Cajun 9% 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: ▼ -345.65%
• Current HPI: 484.2793
• Rent YoY: ▲ 3.53%
• 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

+12.1% since first listed

3 events — show timeline

• 2026-05-03 Price Changed $144,500 MARMLS
• 2026-05-03 Relisted — MARMLS
• 2026-04-28 Listed $128,900 MARMLS