1180 S Ocean Blvd Unit 3f · Boca Raton, FL
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.74%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 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
- 1 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Schools +5.7/10.0
- Condition / age +4.8/5.0
- Livability +3.9/5.0
- 1% rule +3.8/10.0
- Rent growth +3.6/5.0
- Cash flow +1.2/30.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$800,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
CLOISTER DEL MAR IS A WELL CARED FOR BOUTIQUE BLDG. 24 HR GUARD. THIS IS AN ESTATE SALE. BRING ALL OFFERS. NEXT PRICE FOR A 3BR UNIT IS $650,000. NO SPECIAL ASSESSMENTS AT THIS TIME. NO RENTAL FOR FIRST 3 YEARS AND ONLY 1 TIME EACH 3 YEARS. ELEVATOR OPENS TO ONLY 2 APTS PER FLOOR.. MANAGER ON SITE. UNDERGROUND PARKING.
Key facts
- Beachfront living
- Private balcony
- Updated kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.5-bath condo listed at $800k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-3k ($-39k/yr) — negative.
- To cash-flow at today's rent, offer at most $330k (58.7% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $701k (12.4% below list).
- Recommended offer: $330k (58.7% below list) — sets the bar for cash-flow.
- Cap rate 1.4% vs local median 3.3% in Boca Raton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 77/100 on livability (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, cost of living 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: Boca Raton Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 365 students, 62% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% FRL); West Boca Raton High School (math 55% / reading 70%, grade B-, #93 of 667 statewide, top 14%, 2,271 students, 28% FRL).
- Market conditions: Rents rising fast (+4.6%/yr); 638 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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).
- At $7,008/mo this rent would consume 79% of the median local household income ($107k/yr) (locally 15% 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 $6k of loan paydown is wiped out by about $24k 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 149 days — a 12% lower offer ($704k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 13y ago; this cycle's ask has dropped $50k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $400k; list at $800k implies a 100% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 46% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 149 days. Have you received any prior offers? Is the seller open to a 59% concession, seller financing, or rate buy-down credit?
- Built in 1969 — 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 A-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?
- 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?
- 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
- 0.88% ✗
- Cap rate
- 1.42%
- Cash-on-cash
- -17.39%
- DSCR
- 0.23
- GRM
- 9.5
CMA / ARV
- ARV (median comp)
- $1,249,254
- List price
- $800,000
- Delta
- -35.96%
- 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 |
|---|---|---|---|---|---|---|---|
| 1800 S Ocean Blvd Ph C | 0.26mi | 2/2.0 (-1) | 1,768 (-8%) | 1mo | $1,870,000 | $1,058 | 67 |
| 220 SE Mizner Blvd #102 | 1.15mi | 2/2.5 (-1) | 1,937 (+1%) | 1mo | $2,300,000 | $1,187 | 57 |
| 1523 E Hillsboro Blvd #631 | 1.38mi | 3/3.0 | 1,836 (-4%) | 1mo | $710,000 | $387 | 56 |
| 181 NE Wavecrest Way | 1.35mi | 2/2.0 (-1) | 1,996 (+4%) | 1mo | $2,200,000 | $1,102 | 50 |
| 600 S Ocean Blvd #6010 | 0.71mi | 3/2.5 | 2,120 (+11%) | 1mo | $1,675,000 | $790 | 48 |
| 2800 S Ocean Blvd Unit 2f | 0.66mi | 3/2.5 | 2,173 (+13%) | 0mo | $1,662,590 | $765 | 46 |
| 120 SE 5th Ave #225 | 1.07mi | 2/2.0 (-1) | 1,706 (-11%) | 0mo | $1,020,000 | $598 | 40 |
| 550 S Ocean Blvd #1004 | 0.80mi | 2/2.0 (-1) | 1,446 (-24%) | 0mo | $1,750,000 | $1,210 | 33 |
| 250 S Ocean Blvd Unit 11c | 1.09mi | 2/2.0 (-1) | 1,526 (-20%) | 0mo | $1,810,000 | $1,186 | 33 |
| 100 SE 5th Ave #103 | 1.07mi | 2/2.0 (-1) | 1,630 (-15%) | 0mo | $1,459,000 | $895 | 33 |
| 191 SE 20th Ave #615 | 1.41mi | 2/2.0 (-1) | 1,610 (-16%) | 1mo | $670,000 | $416 | 32 |
| 500 S Ocean Blvd #2106 | 0.83mi | 2/2.0 (-1) | 1,448 (-24%) | 1mo | $1,325,000 | $915 | 32 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 4.56% rent growth · sell at horizon
- IRR
- -46.8%
- Equity multiple
- -0.44×
- Total profit
- $-323,142
- Equity at exit
- $119,283
- IRR
- -63.2%
- Equity multiple
- -1.20×
- Total profit
- $-491,781
- Equity at exit
- $69,169
Cash invested: $224,000 (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
Active competition Active MLS
- For sale now
- 4 active · 4 under contract
- Median asking
- $1,670,000 ($934/sqft)
- Median days on market
- 104 d
- This list price
- 25% of active listings are priced below it
- ARV vs active asking
- -30.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33432
- Rents YoY
- 4.6%
- Active inventory
- 638
- Price-to-rent
- 9.5×
Monthly cashflow live
- Estimated rent
- $7,008 high interval (Pro) →
- Mortgage (P&I)
- −$4,195
- Tax est. 1.5%
- −$1,000 /mo · $12,000/yr
- Insurance
- −$333
- HOA
- −$3,254
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,472
- Net cashflow
- $-3,247
Break-even live
Sensitivity live
| Price | -10% $-2,694 | -5% $-2,970 | +0% $-3,247 | +5% $-3,523 | +10% $-3,800 |
|---|---|---|---|---|---|
| Rent | -10% $-3,800 | -5% $-3,523 | +0% $-3,247 | +5% $-2,970 | +10% $-2,693 |
| Rate | -1.0pp $-2,844 | -0.5pp $-3,043 | base $-3,247 | +0.5pp $-3,454 | +1.0pp $-3,665 |
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
- $200,000
- Closing costs
- $24,000
- 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 |
|---|---|---|---|---|---|---|---|---|
| 1180 S Ocean Blvd #55 Boca Raton, FL | 2.0 | 2.0 | 1300 | $4,000 | $3.08 | 113d | 1 | 0.01mi |
| 1200 S Ocean Blvd Boca Raton, FL | 2.0 | 2.0 | 1230 | $6,000 | $4.88 | 70d | 2 | 0.03mi |
| 1200 S Ocean Blvd Unit 17C Boca Raton, FL | 2.0 | 2.0 | 1230 | $4,500 | $3.66 | 120d | 1 | 0.04mi |
| 1200 S Ocean Blvd Unit 12G Boca Raton, FL | 2.0 | 2.0 | 1230 | $7,500 | $6.10 | 47d | 1 | 0.04mi |
| 1299 S Ocean Blvd Unit L5 Boca Raton, FL | 2.0 | 2.0 | 1559 | $4,500 | $2.89 | 58d | 1 | 0.11mi |
| 1500 S Ocean Blvd #704 Boca Raton, FL | 2.0 | 2.5 | 2156 | $12,500 | $5.80 | 100d | 1 | 0.14mi |
| 950 De Soto Rd Unit 2B Boca Raton, FL | 3.0 | 2.0 | 2307 | $8,500 | $3.68 | 0d | 1 | 0.15mi |
| 1111 S Ocean Blvd Boca Raton, FL | 2.0–3.0 | 2.0–2.5 | 1313 | $5,000 | $3.81 | 120d | 3 | 0.18mi |
| 1040 Banyan Rd Boca Raton, FL | 3.0 | 3.0 | 1557 | $4,500 | $2.89 | 45d | 1 | 0.29mi |
| 1001 E Camino Real #2030 Boca Raton, FL | 2.0 | 2.0 | 1269 | $7,500 | $5.91 | 20d | 1 | 0.32mi |
| 1350 Spanish River Rd Boca Raton, FL | 3.0 | 3.5 | 2405 | $7,000 | $2.91 | 115d | 1 | 0.34mi |
| 800 E Camino Real #408 Boca Raton, FL | 2.0 | 2.0 | 1400 | $4,000 | $2.86 | 120d | 1 | 0.36mi |
| 800 E Camino Real Apt 203 Boca Raton, FL | 2.0 | 2.0 | 1400 | $3,000 | $2.14 | 29d | 1 | 0.36mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,525 | $1.83 | 65d | 3 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,525 | $1.83 | 55d | 3 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,775 | $2.02 | 48d | 2 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,600 | $1.89 | 19d | 2 | 0.42mi |
| 901 E Camino Real Boca Raton, FL | 1.0–3.0 | 1.0–3.0 | 1800 | $13,000 | $7.22 | 44d | 2 | 0.45mi |
| 901 E Camino Real Boca Raton, FL | 3.0 | 3.0 | 2430 | $18,000 | $7.41 | 110d | 1 | 0.45mi |
| 901 E Camino Real Boca Raton, FL | 3.0 | 3.0 | 2430 | $18,000 | $7.41 | 107d | 1 | 0.45mi |
| 2679 S Ocean Blvd #31 Boca Raton, FL | 3.0 | 3.0 | 2290 | $6,100 | $2.66 | 64d | 1 | 0.57mi |
| 899 Granada Dr Boca Raton, FL | 3.0 | 2.5 | 1954 | $9,500 | $4.86 | 20d | 1 | 0.61mi |
| 2700 Spanish River Rd Boca Raton, FL | 3.0 | 3.0 | 2134 | $7,200 | $3.37 | 120d | 1 | 0.65mi |
| 2851 S Ocean Blvd #122 Boca Raton, FL | 2.0 | 2.0 | 1356 | $3,000 | $2.21 | 117d | 1 | 0.69mi |
| 2851 S Ocean Blvd Boca Raton, FL | 1.0–3.0 | 1.0–2.0 | 1241 | $4,500 | $3.63 | 65d | 6 | 0.70mi |
| 2851 S Ocean Blvd Boca Raton, FL | 1.0–3.0 | 1.0–2.0 | 1241 | $4,500 | $3.63 | 4d | 6 | 0.70mi |
| 2767 Spanish River Rd Boca Raton, FL | 4.0 | 3.0 | 2409 | $24,000 | $9.96 | 62d | 1 | 0.71mi |
| 3000 S Ocean Blvd Boca Raton, FL | 2.0 | 2.0 | 1454 | $9,250 | $6.36 | 5d | 2 | 0.79mi |
| 550 S Ocean Blvd #2105 Boca Raton, FL | 2.0 | 2.0 | 1448 | $11,000 | $7.60 | 7d | 1 | 0.80mi |
| 550 S Ocean Blvd #1009 Boca Raton, FL | 2.0 | 2.0 | 1351 | $10,000 | $7.40 | 120d | 1 | 0.80mi |
| 550 S Ocean Blvd #2203 Boca Raton, FL | 2.0 | 2.0 | 1446 | $10,000 | $6.92 | 7d | 1 | 0.80mi |
| 550 S Ocean Blvd #207 Boca Raton, FL | 2.0 | 2.0 | 1614 | $10,000 | $6.20 | 32d | 1 | 0.80mi |
| 2999 Banyan Rd Boca Raton, FL | 3.0 | 3.0 | 2389 | $12,000 | $5.02 | 11d | 1 | 0.82mi |
| 500 S Ocean Blvd #506 Boca Raton, FL | 2.0 | 2.0 | 1448 | $10,000 | $6.91 | 32d | 1 | 0.83mi |
| 500 S Ocean Blvd #1504 Boca Raton, FL | 2.0 | 2.0 | 1446 | $11,000 | $7.61 | 35d | 1 | 0.83mi |
| 500 S Ocean Blvd #1207 Boca Raton, FL | 2.0 | 2.0 | 1446 | $14,000 | $9.68 | 120d | 1 | 0.83mi |
| 500 S Ocean Blvd #1009 Boca Raton, FL | 2.0 | 2.0 | 1351 | $10,000 | $7.40 | 103d | 1 | 0.83mi |
| 500 S Ocean Blvd #2207 Boca Raton, FL | 2.0 | 2.0 | 1614 | $15,000 | $9.29 | 36d | 1 | 0.83mi |
| 5610 S Ocean Blvd Boca Raton, FL | 3.0 | 3.0 | 1700 | $7,500 | $4.41 | 120d | 1 | 0.85mi |
| 300 SE 5th Ave Boca Raton, FL | 3.0 | 4.5 | 2504 | $12,500 | $4.99 | 117d | 2 | 0.92mi |
Property features AI
Finance
- Other
- Building name: Cloister del MarTotal building stories: 17
- Financial info
- Pets not allowed
- HOA & community
- HOA with monthly feeAssociation amenities include beach access, elevators, fitness center, parking, pool (heated), sauna, trash chute, community room, lobby, securityHOA fee covers cable TV, pest control, security, trash, water, common areas, elevator, reserve funds, and pool service
Exterior
- Parking
- Assigned and guest parkingOpen and under-building parkingAttached 1-car garageCovered parking
- Security
- Attended lobby
- Utilities
- Public waterPublic sewerCable availableElectricity availableWater available
- Home design
- CondominiumOne-level unitResale propertyFaces north
- Construction
- CBS construction
- Exterior features
- Ocean access waterfrontPaved road frontageOther roof
Interior
- Kitchen
- DishwasherElectric rangeMicrowaveRefrigerator
- Bedrooms
- No main-level bedrooms
- Flooring
- LaminateTile
- Bathrooms
- 2 full bathrooms1 half bathroom
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Walk-in closetsSplit bedroom layoutStorm windows
- Laundry & utility
- Laundry inside unit
HOA detail $3,254/mo · $39,048/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-23days on market $800,000 Active 149 DOM
-
2026-09-22days on market $800,000 Active 148 DOM
-
2026-09-21days on market $800,000 Active 147 DOM
-
2026-09-20days on market $800,000 Active 146 DOM
-
2026-09-18days on market $800,000 Active 144 DOM
-
2026-09-17days on market $800,000 Active 143 DOM
-
2026-09-16days on market $800,000 Active 142 DOM
-
2026-09-15days on market $800,000 Active 141 DOM
-
2026-09-13days on market $800,000 Active 139 DOM
-
2026-09-12days on market $800,000 Active 138 DOM
-
2026-09-11days on market $800,000 Active 137 DOM
-
2026-09-05days on market $800,000 Active 131 DOM
-
2026-09-04days on market $800,000 Active 130 DOM
-
2026-09-03days on market $800,000 Active 129 DOM
-
2026-08-31days on market $800,000 Active 126 DOM
-
2026-08-29days on market $800,000 Active 124 DOM
-
2026-08-28days on market $800,000 Active 123 DOM
-
2026-08-27days on market $800,000 Active 122 DOM
-
2026-08-25days on market $800,000 Active 120 DOM
-
2026-08-24days on market $800,000 Active 119 DOM
-
2026-08-23days on market $800,000 Active 118 DOM
-
2026-08-22days on market $800,000 Active 117 DOM
-
2026-08-21days on market $800,000 Active 116 DOM
-
2026-08-20days on market $800,000 Active 115 DOM
-
2026-08-19days on market $800,000 Active 114 DOM
-
2026-08-18days on market $800,000 Active 113 DOM
-
2026-08-17days on market $800,000 Active 112 DOM
-
2026-08-16days on market $800,000 Active 111 DOM
-
2026-08-15days on market $800,000 Active 110 DOM
-
2026-08-14days on market $800,000 Active 109 DOM
-
2026-08-13days on market $800,000 Active 108 DOM
-
2026-08-12days on market $800,000 Active 107 DOM
-
2026-08-11days on market $800,000 Active 106 DOM
-
2026-08-10days on market $800,000 Active 105 DOM
-
2026-08-09days on market $800,000 Active 104 DOM
-
2026-08-08days on market $800,000 Active 103 DOM
-
2026-08-06days on market $800,000 Active 101 DOM
-
2026-08-05days on market $800,000 Active 100 DOM
-
2026-08-03days on market $800,000 Active 98 DOM
-
2026-07-31days on market $800,000 Active 95 DOM
-
2026-07-26days on market $800,000 Active 90 DOM
-
2026-07-24days on market $800,000 Active 88 DOM
-
2026-07-23days on market $800,000 Active 87 DOM
-
2026-07-22days on market $800,000 Active 86 DOM
-
2026-07-21days on market $800,000 Active 85 DOM
-
2026-07-20pricedays on market $800,000 Active 84 DOM
-
2026-07-18days on market $850,000 Active 82 DOM
-
2026-07-18days on market $850,000 Active 81 DOM
-
2026-07-16days on market $850,000 Active 80 DOM
-
2026-07-15days on market $850,000 Active 79 DOM
ⓘ 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 6/10 Major FEMA zone X (shaded) · 74% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥106°F today · 25 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 · 3 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
- $84,090
- − Mortgage interest
- −$44,812
- − Property taxes
- −$12,000
- − Insurance
- −$4,000
- − Repairs & maintenance
- −$6,727
- − Management
- −$6,727
- − HOA
- −$39,048
- − Depreciation
- −$23,273
- Taxable loss
- −$52,497
- Est. tax savings @ 24.0%
- +$12,599
- After-tax cash flow
- $-26,361/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
This stunning 3-bedroom, 2.5-bathroom corner unit in Cloister Del Mar is in excellent condition with new impact windows and doors, offering breathtaking ocean, inlet, and nature views. The property is move-in ready and benefits from a prime location and comprehensive amenities.
Value-add opportunities
- Both New impact windows and doors — Enhances safety and energy efficiency ↑
- Both Landscaping and curb appeal — Improves curb appeal and enhances property value ↑
- Both Regular maintenance of HVAC and mechanical systems — Ensures optimal performance and reduces energy costs ↑
Zoned Schools
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 — Boca Raton
- Score
- 77/100
- State rank
- #192
- US rank
- #3070
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Boca Raton, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 250,102
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 21,834
- Household income
- $107,045
- Rent vs Own
- Severe rent burden
- 15% 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 (72%)
- Race & ethnicity
- White 72% Hispanic / Latino 18% Two or more races 13% Black 4% Asian 2%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 5% Cuban 3%
- Common ancestry
- Scotch-Irish 4% Subsaharan African 4% Romanian 4%
- Foreign-born
- 20% · Canada, Jamaica, China
- Languages at home
- 77% English-only · Spanish 13% Other Indo-European 3% 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
- ▼ -565.03%
- Current HPI
- 391.7799
- Rent YoY
- ▲ 4.56%
- 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
+90.2% since first listed4 events — show timeline
- 2026-04-27 Listed $850,000 Beaches MLS
- 2014-01-09 Sold (MLS) $400,000 Beaches MLS
- 2013-11-25 Pending — Beaches MLS
- 2013-09-30 Listed $447,000 Beaches MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…