5713 Candlewood St · Mangonia Park, FL 33407

$325,000

3 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 83 Days on market

Built 1973 5,473 sqft lot

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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 +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

Key facts

• 5,473 sq ft lot
• Garage
• Built 1973

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Total of 3 parking spaces; Detached garage (1 garage space, 1 covered space)
• Security: No security features listed
• Utilities: Public water; Public sewer; No additional utilities listed
• Home design: Single-family residence; One story; North-facing
• Construction: Concrete construction; Composition roof; Built as resale property
• Exterior features: Not waterfront; No waterfront features

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Clay flooring; Tile flooring; Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Cooling system (other type)
• Interior features: No additional interior features listed
• Laundry & utility: Laundry closet located inside the home

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $681 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $325k).
• Recommended offer: $306k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#482 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, employment D-.
• 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: West Riviera Elementary School (math 26% / reading 22%, grade F, #2,057 of 2,144 statewide, top 96%, 487 students, 83% FRL); John F. Kennedy Middle School (math 28% / reading 29%, grade F, #482 of 571 statewide, top 85%, 826 students, 78% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 77% FRL vs 52% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 50% district-wide (-25 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 (+3.1%/yr); 305 active listings in the ZIP; 27 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).
• At $3,571/mo this rent would consume 71% of the median local household income ($60k/yr) (locally 2157% 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 $2k of loan paydown is wiped out by about $10k 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 83 days — a 6% lower offer ($306k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y 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 $248k; 31% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $305,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.10% ✓
• Cap rate: 8.81%
• Cash-on-cash: 8.98%
• DSCR: 1.40
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.08% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-9,024
• Equity at exit: $48,459

10-year hold

• IRR: 7.1%
• Equity multiple: 1.54×
• Total profit: $49,116
• Equity at exit: $28,100

Cash invested: $91,000 (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 33407

• Rents YoY: 3.1%
• Active inventory: 305
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,571 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$301 /mo · $3,607/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$750
• Net cashflow: $681

Break-even live

Break-even rent $2,709

Max offer price $325,000

Occupancy floor 76%

Sensitivity live

Price	-10% $865	-5% $773	+0% $681	+5% $589	+10% $497
Rent	-10% $399	-5% $540	+0% $681	+5% $822	+10% $963
Rate	-1.0pp $845	-0.5pp $764	base $681	+0.5pp $597	+1.0pp $511

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 W 9th St Riviera Beach, FL	3.0	2.0	1304	$3,200	$2.45	25d	1	0.51mi
1721 Lindley St Mangonia Park, FL	3.0	2.5	1760	$3,300	$1.88	8d	1	0.58mi
5649 Mentmore Dr Riviera Beach, FL	3.0	2.5	1450	$2,900	$2.00	25d	1	0.68mi
522 W 2nd St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	25d	1	0.77mi
5605 Pinewood Ave West Palm Beach, FL	4.0	2.0	1440	$3,500	$2.43	0d	1	0.86mi
1563 40th St West Palm Beach, FL	4.0	2.0	1680	$3,600	$2.14	5d	1	0.90mi
629 56th St West Palm Beach, FL	4.0	2.0	1689	$3,100	$1.84	16d	1	1.02mi
517 55th St West Palm Beach, FL	2.0	2.0	1238	$4,550	$3.68	25d	1	1.14mi
195 River Grove Way West Palm Beach, FL	3.0	1.0–2.0	958	$3,717	$3.88	0d	18	1.15mi
510 56th St West Palm Beach, FL	2.0	1.0	1152	$3,800	$3.30	23d	1	1.15mi
2016 Avenue S Riviera Beach, FL	4.0	3.0	1128	$3,800	$3.37	25d	1	1.22mi
5101 Spruce Ave West Palm Beach, FL	3.0	3.0	1151	$3,100	$2.69	25d	1	1.23mi
436 51st St West Palm Beach, FL	2.0	1.0	968	$3,750	$3.87	25d	1	1.25mi
424 51st St Unit 426 West Palm Beach, FL	3.0	2.0	1230	$3,500	$2.85	12d	1	1.26mi
3808 Westview Ave West Palm Beach, FL	4.0	3.0	1617	$3,100	$1.92	25d	1	1.26mi
5301 N Flagler Dr West Palm Beach, FL	4.0	3.0	1616	$6,000	$3.71	25d	1	1.30mi
5203 N Flagler Dr West Palm Beach, FL	3.0	1.5	1458	$6,000	$4.12	25d	1	1.30mi
5600 N Flagler Dr West Palm Beach, FL	1.0–3.0	2.0	1192	$6,000	$5.03	21d	8	1.34mi
3590 Village Blvd West Palm Beach, FL	1.0–3.0	1.0–2.0	1074	$3,295	$3.07	0d	30	1.35mi
65 W 16th St Apt 1 Riviera Beach, FL	4.0	2.0	1232	$3,500	$2.84	18d	1	1.37mi
65 W 16th St Apt 1 Riviera Beach, FL	4.0	2.0	1200	$3,500	$2.92	8d	1	1.37mi
5200 N Flagler Dr #2004 West Palm Beach, FL	2.0	2.0	1235	$3,800	$3.08	8d	1	1.39mi
5200 N Flagler Dr West Palm Beach, FL	2.0	2.0	1233	$3,375	$2.74	25d	2	1.39mi
701 37th St West Palm Beach, FL	3.0	2.0	1426	$3,600	$2.52	25d	1	1.42mi
619 37th St West Palm Beach, FL	3.0	2.0	1414	$3,350	$2.37	25d	1	1.46mi
401 42nd St West Palm Beach, FL	3.0	1.0	1400	$4,950	$3.54	16d	1	1.49mi
401 42nd St West Palm Beach, FL	3.0	1.0	1100	$4,950	$4.50	25d	1	1.49mi

Listing history 28 events

1. 2026-06-16
   days on market $325,000 Active 83 DOM
2. 2026-06-15
   days on market $325,000 Active 82 DOM
3. 2026-06-13
   days on market $325,000 Active 80 DOM
4. 2026-06-09
   days on market $325,000 Active 76 DOM
5. 2026-06-08
   days on market $325,000 Active 75 DOM
6. 2026-06-07
   days on market $325,000 Active 74 DOM
7. 2026-06-04
   days on market $325,000 Active 71 DOM
8. 2026-06-03
   days on market $325,000 Active 70 DOM
9. 2026-06-02
   days on market $325,000 Active 69 DOM
10. 2026-06-01
    days on market $325,000 Active 68 DOM
11. 2026-05-31
    days on market $325,000 Active 67 DOM
12. 2026-03-25
    listed $325,000 Active
13. 2025-11-01
    historical $3,000
14. 2025-08-25
    soldstatus $247,500 Closed 415-char remark

    Show marketing remark (415 chars)

    This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

15. 2025-08-18
    soldstatus $247,500
16. 2025-08-11
    status Active 415-char remark

    Show marketing remark (415 chars)

    This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

17. 2025-08-09
    listed $3,000
18. 2025-07-22
    historical Active Under Contract 415-char remark

    Show marketing remark (415 chars)

    This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

19. 2025-07-18
    price $255,000 415-char remark

    Show marketing remark (415 chars)

    This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

20. 2025-06-28
    listed $325,000 Active 415-char remark

    Show marketing remark (415 chars)

    This charming 3-bedroom, 1-bathroom home in Magonia Park offers comfortable living with a functional layout. The spacious bedrooms and bright living areas provide plenty of room for families or tenants. With its convenient location and solid construction, this property is ideal for first-time homebuyers or investors seeking rental income. Don't miss this affordable opportunity to own in a desirable neighborhood!

21. 2009-12-12
    historical
22. 2009-06-03
    listed $143,900
23. 2001-11-07
    soldstatus $96,000
24. 2001-09-24
    soldstatus $54,400
25. 2001-08-02
    historical
26. 2000-12-21
    listed $68,000
27. 1998-05-11
    soldstatus $63,000
28. 1997-09-26
    soldstatus $31,000

ⓘ 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: $3,607 · $301/mo
• Projected year-2 tax: $3,607 · $301/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,854
• − Mortgage interest: −$18,205
• − Property taxes: −$3,607
• − Insurance: −$1,625
• − Repairs & maintenance: −$3,428
• − Management: −$3,428
• − Depreciation: −$9,455
• Taxable income: $3,105
• Est. tax owed @ 24.0%: −$745
• After-tax cash flow: $7,425/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 — Mangonia Park

• Score: 69/100
• State rank: #482
• US rank: #8801

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mangonia Park, FL
• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 34,851
• Household income: $59,993
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 2157.0

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 0.62)
• Race & ethnicity: Black 54% White 21% Hispanic / Latino 20% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Hispanic 8% Lithuanian 1% Romanian 1%
• Foreign-born: 26% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 17% French/Haitian/Cajun 8% 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: ▼ -299.26%
• Current HPI: 363.3995
• Rent YoY: ▲ 3.08%
• 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

+948.4% since first listed

17 events — show timeline

• 2026-03-25 Listed $325,000 Beaches MLS
• 2025-11-01 Rental Removed $3,000 RMLSFL
• 2025-08-25 Sold (MLS) $247,500 Beaches MLS
• 2025-08-18 Sold (Public Records) $247,500 Public Records
• 2025-08-11 Relisted — Beaches MLS
• 2025-08-09 Listed for Rent $3,000 RMLSFL
• 2025-07-22 Contingent — Beaches MLS
• 2025-07-18 Price Changed $255,000 Beaches MLS
• 2025-06-28 Listed $325,000 Beaches MLS
• 2009-12-12 Listing Removed — Beaches MLS
• 2009-06-03 Listed $143,900 Beaches MLS
• 2001-11-07 Sold (Public Records) $96,000 Public Records
• 2001-09-24 Sold (MLS) $54,400 Beaches MLS
• 2001-08-02 Listing Removed — Beaches MLS
• 2000-12-21 Listed $68,000 Beaches MLS
• 1998-05-11 Sold (Public Records) $63,000 Public Records
• 1997-09-26 Sold (Public Records) $31,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $3,607 · +7.9% YoY. Source: county tax records.