500 W Village Green Cir W #212 · Palm Springs, FL 33461

$124,900

2 bd · 1.5 ba · 836 sqft · Condo public records · 15 Days on market

Built 1974 $427/mo HOA · 22% 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 +21.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great for investor. Long term tenant currently pays $900/month. Leased until 10/31/2021.Tile throughout. No rental waiting period.

Key facts

• Close to elevator
• Extra storage closet
• $427 HOA

Tags

• TILE FLOOR THROUGHOUT
• CLOSE TO ELEVATOR
• EXTRA STORAGE CLOSET

Property features AI

Finance

• Other: Senior community
• Financial info: Pets not allowed; Monthly association fee listed
• HOA & community: Has association (monthly fee); Association amenities include billiard room, clubhouse, fitness center, game room, laundry, bike storage, business center, community room, library, putting green; HOA pays cable TV, insurance, grounds maintenance, security, trash, common area maintenance, recreation facility

Exterior

• Parking: Assigned parking; 9 open parking spaces
• Security: Security guard
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Multi/split levels; Faces west; 3 total stories; Resale condition; Building name: D500
• Construction: CBS construction; Built-up roof; Public records for building area
• Exterior features: Paved road frontage; Not waterfront

Interior

• Kitchen: Electric range; Dishwasher; Disposal; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile; Ceramic tile throughout
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s); Unfurnished
• Laundry & utility: Laundry available (community/association)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $175 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.

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: Clifford O Taylor/Kirklane Elementary (math 26% / reading 34%, grade F, #1,882 of 2,144 statewide, top 88%, 1,230 students, 80% FRL); Palm Springs Middle School (math 27% / reading 38%, grade F, #443 of 571 statewide, top 78%, 1,521 students, 72% FRL); John I. Leonard High School (math 17% / reading 35%, grade F, #494 of 667 statewide, top 75%, 3,549 students, 67% FRL) — zoned schools average 73% FRL vs 52% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 50% district-wide (-20 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 soft (-2.5%/yr); 276 active listings in the ZIP; 40 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).
• This rent runs 37% of the median local income ($62k/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 $864 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 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 23y ago; this cycle's ask is 8514% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $66k; list at $125k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,026 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.52% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.02%
• DSCR: 1.27
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.59×
• Total profit: $-14,324
• Equity at exit: $18,623

10-year hold

• IRR: -10.8%
• Equity multiple: 0.48×
• Total profit: $-18,355
• Equity at exit: $10,799

Cash invested: $34,972 (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 33461

• Rents YoY: -2.5%
• Active inventory: 276
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,903 high
• Mortgage (P&I): −$655
• Tax from tax record: −$194 /mo · $2,325/yr
• Insurance: −$52
• HOA: −$427
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $175

Break-even live

Break-even rent $1,681

Max offer price $124,900

Occupancy floor 86%

Sensitivity live

Price	-10% $246	-5% $211	+0% $175	+5% $140	+10% $105
Rent	-10% $25	-5% $100	+0% $175	+5% $251	+10% $326
Rate	-1.0pp $238	-0.5pp $207	base $175	+0.5pp $143	+1.0pp $110

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.5	800	$1,850	$2.31	18d	2	0.00mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.0–1.5	739	$1,850	$2.50	26d	2	0.00mi
500 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	3d	1	0.01mi
500 Village Green Cir W #107 Palm Springs, FL	2.0	1.5	836	$1,850	$2.21	23d	1	0.01mi
555 Purdy Ln Palm Springs, FL	1.0	1.0	650	$1,375	$2.12	7d	1	0.02mi
600 Village Green Ct #203 Palm Springs, FL	1.0	1.0	650	$1,300	$2.00	5d	1	0.07mi
700 Village Green Ct Palm Springs, FL	1.0–2.0	1.5	796	$1,800	$2.26	3d	3	0.11mi
400 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	26d	1	0.11mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$3,194	$3.65	23d	1	0.16mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	670	$2,352	$3.51	15d	1	0.16mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	625	$2,268	$3.63	9d	1	0.16mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$2,749	$3.14	14d	1	0.16mi
2200 Springdale Blvd #214 Palm Springs, FL	1.0	1.5	756	$1,550	$2.05	4d	1	0.20mi
4403 Anna Ln Unit B Palm Springs, FL	1.0	1.0	740	$1,600	$2.16	9d	1	0.31mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,375	$2.50	23d	1	0.33mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,450	$2.64	25d	1	0.33mi
4098 Linda Ln West Palm Beach, FL	2.0	1.0	860	$2,465	$2.87	26d	1	0.39mi
4591 Purdy Ln Unit 1 West Palm Beach, FL	2.0	1.0	900	$2,350	$2.61	26d	1	0.50mi
2785 Reo Ln Unit 2 Lake Worth Beach, FL	2.0	1.0	884	$2,300	$2.60	26d	1	0.51mi
4591 Purdy Ln Unit 2 West Palm Beach, FL	3.0	2.0	850	$3,000	$3.53	26d	1	0.51mi
441 San Mateo Dr Palm Springs, FL	3.0	2.0	1092	$3,000	$2.75	26d	1	0.52mi
484 Springdale Cir Unit 48d Palm Springs, FL	2.0	2.0	1102	$2,100	$1.91	18d	1	0.58mi
300 Bonnie Blvd #144 Palm Springs, FL	1.0	1.0	702	$1,350	$1.92	26d	1	0.62mi
502 Davis Rd Palm Springs, FL	2.0	1.0–2.0	878	$1,675	$1.91	7d	2	0.66mi
247 Cypress Ln Unit 246-C12 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	6d	1	0.66mi
247 Cypress Ln Unit 246-C06 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	26d	1	0.66mi
200 Bonnie Blvd #132 Palm Springs, FL	1.0	1.0	577	$1,500	$2.60	23d	1	0.67mi
500 Bonnie Blvd #165 Palm Springs, FL	1.0	1.5	782	$1,350	$1.73	26d	1	0.67mi
246 Cypress Ln Lake Worth Beach, FL	1.0–2.0	1.0	850	$1,750	$2.06	26d	2	0.67mi
506 Davis Rd Unit 6 Palm Springs, FL	2.0	2.0	958	$1,700	$1.77	26d	1	0.68mi
504 Davis Rd #96 Palm Springs, FL	2.0	2.0	1080	$2,000	$1.85	26d	1	0.69mi
240 Alemeda Dr Palm Springs, FL	1.0–2.0	1.0–2.0	825	$1,850	$2.24	26d	3	0.70mi
2255 Ida Way West Palm Beach, FL	2.0	2.0	948	$2,200	$2.32	26d	1	0.70mi
701 Lori Dr #204 Palm Springs, FL	2.0	2.0	994	$1,700	$1.71	26d	1	0.75mi
225 Bonnie Blvd #116 Palm Springs, FL	2.0	2.0	988	$1,850	$1.87	20d	1	0.85mi
225 Bonnie Blvd Palm Springs, FL	1.0–2.0	1.5–2.0	944	$1,850	$1.96	26d	2	0.85mi
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	9d	1	0.98mi
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	26d	1	0.98mi
2966 Ashley Dr E Unit C West Palm Beach, FL	1.0	1.0	611	$1,375	$2.25	26d	1	0.99mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$2,595	$2.69	0d	12	1.08mi

HOA detail condo

• Monthly dues: $427 · $5,124/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-21
   days on market $124,900 Active 15 DOM
2. 2026-06-18
   days on market $124,900 Active 12 DOM
3. 2026-06-17
   days on market $124,900 Active 11 DOM
4. 2026-06-16
   days on market $124,900 Active 10 DOM
5. 2026-06-15
   days on market $124,900 Active 9 DOM
6. 2026-06-13
   days on market $124,900 Active 7 DOM
7. 2026-06-09
   days on market $124,900 Active 3 DOM
8. 2026-06-08
   days on market $124,900 Active 2 DOM
9. 2026-06-07
   pricedays on marketlisting id $124,900 Active 1 DOM
10. 2026-05-31
    days on market $129,000 Active 283 DOM
11. 2026-04-21
    price $1,400
12. 2026-04-20
    price $129,000
13. 2026-04-09
    listed $1,450
14. 2026-04-09
    historical $1,450
15. 2026-04-09
    listed $1,450
16. 2026-03-31
    historical $1,450
17. 2026-02-09
    price $1,450
18. 2026-01-21
    listed $1,500
19. 2026-01-21
    price $134,900
20. 2026-01-21
    status Active
21. 2026-01-02
    historical $1,500
22. 2026-01-02
    historical Active Under Contract
23. 2025-12-10
    listed $1,500
24. 2025-09-22
    price $145,900
25. 2025-08-21
    listed $165,000 Active
26. 2021-01-15
    soldstatus $66,000 Closed 130-char remark

    Show marketing remark (130 chars)

    Great for investor. Long term tenant currently pays $900/month. Leased until 10/31/2021.Tile throughout. No rental waiting period.

27. 2020-12-31
    status Pending 130-char remark

    Show marketing remark (130 chars)

    Great for investor. Long term tenant currently pays $900/month. Leased until 10/31/2021.Tile throughout. No rental waiting period.

28. 2020-11-25
    listed $72,900 Active 130-char remark

    Show marketing remark (130 chars)

    Great for investor. Long term tenant currently pays $900/month. Leased until 10/31/2021.Tile throughout. No rental waiting period.

29. 2004-04-26
    soldstatus $42,000 189-char remark

    Show marketing remark (189 chars)

    NICE UNIT, SOME FURNISHINGS INCLUDED, NEITHER A/C NOR FRIDGE WORK SELLER WILL GIVE $2,000 CR, WITH FULL PRICE OFFER, FOR THESE ITEMS . BEING SOLD "AS-IS" WITH RIGHT TO INSPECTION.

30. 2004-03-10
    historical 189-char remark

    Show marketing remark (189 chars)

    NICE UNIT, SOME FURNISHINGS INCLUDED, NEITHER A/C NOR FRIDGE WORK SELLER WILL GIVE $2,000 CR, WITH FULL PRICE OFFER, FOR THESE ITEMS . BEING SOLD "AS-IS" WITH RIGHT TO INSPECTION.

31. 2003-08-21
    listed $50,000 189-char remark

    Show marketing remark (189 chars)

    NICE UNIT, SOME FURNISHINGS INCLUDED, NEITHER A/C NOR FRIDGE WORK SELLER WILL GIVE $2,000 CR, WITH FULL PRICE OFFER, FOR THESE ITEMS . BEING SOLD "AS-IS" WITH RIGHT TO INSPECTION.

ⓘ 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: $2,325 · $194/mo
• Projected year-2 tax: $2,325 · $194/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
• 💨 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: $22,835
• − Mortgage interest: −$6,996
• − Property taxes: −$2,325
• − Insurance: −$624
• − Repairs & maintenance: −$1,827
• − Management: −$1,827
• − HOA: −$5,124
• − Depreciation: −$3,633
• Taxable income: $478
• Est. tax owed @ 24.0%: −$115
• After-tax cash flow: $1,991/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 — 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

• Census place: Palm Springs, FL
• County: Palm Beach County · 1,438,312 people
• City population: 49,443
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 49,443
• Household income: $61,963
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 2663.0

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 59% Two or more races 26% White 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6% Cuban 16% Dominican 2%
• Common ancestry: Hispanic 9% Romanian 1% Lithuanian 1%
• Foreign-born: 52% · Canada, Jamaica
• Languages at home: 31% English-only · Spanish 54% French/Haitian/Cajun 10% 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: ▼ -269.03%
• Current HPI: 493.0041
• Rent YoY: ▼ -2.47%
• 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

-97.2% since first listed

21 events — show timeline

• 2026-04-21 Price Changed $1,400 RMLSFL
• 2026-04-20 Price Changed $129,000 Beaches MLS
• 2026-04-09 Listed for Rent $1,450 RMLSFL
• 2026-04-09 Rental Removed $1,450 GFLMLS
• 2026-04-09 Listed for Rent $1,450 GFLMLS
• 2026-03-31 Rental Removed $1,450 RMLSFL
• 2026-02-09 Price Changed $1,450 RMLSFL
• 2026-01-21 Listed for Rent $1,500 RMLSFL
• 2026-01-21 Price Changed $134,900 Beaches MLS
• 2026-01-21 Relisted — Beaches MLS
• 2026-01-02 Rental Removed $1,500 RMLSFL
• 2026-01-02 Contingent — Beaches MLS
• 2025-12-10 Listed for Rent $1,500 RMLSFL
• 2025-09-22 Price Changed $145,900 Beaches MLS
• 2025-08-21 Listed $165,000 Beaches MLS
• 2021-01-15 Sold (MLS) $66,000 Beaches MLS
• 2020-12-31 Pending — Beaches MLS
• 2020-11-25 Listed $72,900 Beaches MLS
• 2004-04-26 Sold (MLS) $42,000 Beaches MLS
• 2004-03-10 Listing Removed — Beaches MLS
• 2003-08-21 Listed $50,000 Beaches MLS

Property tax history

+7.6%/yr

Latest (2025): $2,325 · +4.8% YoY. Source: county tax records.