921 43rd St · West Palm Beach, FL 33407

$299,000

3 bd · 2.0 ba · 1,221 sqft · SingleFamily public records · 35 Days on market

Built 1949 7,500 sqft lot

---

Why this score? — see what drove the B- 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 +26.8/30.0
• DSCR +9.2/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR SPECIAL!! Located in the Northwood neighborhood, this updated 3-bedroom, 2-bath single-family home offers the perfect opportunity to invest in one of West Palm Beach's fastest-evolving areas. Surrounded by major redevelopment and exciting growth throughout North West Palm, this property positions buyers to benefit from the area's rising future potential. Recent updates include a newer kitchen, bathrooms, flooring, and interior paint, making it move-in ready. No rental restrictions provide added flexibility for investors. Roof replaced in 2013.

Key facts

• Newer kitchen
• Newer flooring
• Newer bathrooms

Tags

• NORTHWOOD NEIGHBORHOOD
• NEWER KITCHEN
• NEWER BATHROOMS
• NEWER FLOORING
• NEWER INTERIOR PAINT
• NO RENTAL RESTRICTIONS

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Three total parking spaces; Attached carport with 1 covered/carport space; Two open parking spaces
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Single family residence; One story; South-facing; Resale property
• Construction: Frame construction with wood siding; Shingle roof; Built previously (resale)
• Exterior features: Open porch

Interior

• Kitchen: Refrigerator
• Bedrooms: One main-level bedroom
• Flooring: Laminate flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Electric cooling
• Interior features: No notable interior features listed; Unfurnished
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $819 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $299k).
• Recommended offer: $290k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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: Northmore Elementary School (math 34% / reading 29%, grade F, #1,841 of 2,144 statewide, top 86%, 628 students, 73% 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 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 50% district-wide (-22 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; 28 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.
• At projected returns (-3.0% appreciation + 3.1% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago; this cycle's ask has dropped $26k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $205k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• 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 $290,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 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 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 9.58%
• Cash-on-cash: 11.73%
• DSCR: 1.52
• GRM: 6.7

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: 1.3%
• Equity multiple: 1.05×
• Total profit: $4,086
• Equity at exit: $44,582

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $72,341
• Equity at exit: $25,852

Cash invested: $83,720 (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: 6.7×

Monthly cashflow live

• Estimated rent: $3,745 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$447 /mo · $5,368/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$786
• Net cashflow: $819

Break-even live

Break-even rent $2,709

Max offer price $299,000

Occupancy floor 73%

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
701 37th St West Palm Beach, FL	3.0	2.0	1426	$3,600	$2.52	24d	1	0.49mi
619 37th St West Palm Beach, FL	3.0	2.0	1414	$3,350	$2.37	24d	1	0.53mi
636 35th St West Palm Beach, FL	3.0	2.0	1133	$3,500	$3.09	24d	1	0.61mi
932 31st St West Palm Beach, FL	3.0	2.0	850	$3,000	$3.53	24d	1	0.67mi
401 42nd St West Palm Beach, FL	3.0	1.0	1400	$4,950	$3.54	14d	1	0.68mi
401 42nd St West Palm Beach, FL	3.0	1.0	1100	$4,950	$4.50	24d	1	0.68mi
5101 Spruce Ave West Palm Beach, FL	3.0	3.0	1151	$3,100	$2.69	24d	1	0.69mi
933 30th Ct West Palm Beach, FL	3.0	1.5	1085	$3,100	$2.86	24d	1	0.70mi
436 38th St West Palm Beach, FL	4.0	3.0	1479	$6,500	$4.39	24d	1	0.70mi
436 51st St West Palm Beach, FL	2.0	1.0	968	$3,750	$3.87	24d	1	0.72mi
424 51st St Unit 426 West Palm Beach, FL	3.0	2.0	1230	$3,500	$2.85	10d	1	0.72mi
4444 N Flagler Dr West Palm Beach, FL	2.0	2.0	1300	$4,579	$3.52	24d	1	0.73mi
5203 N Flagler Dr West Palm Beach, FL	3.0	1.5	1458	$6,000	$4.12	24d	1	0.79mi
517 55th St West Palm Beach, FL	2.0	2.0	1238	$4,550	$3.68	24d	1	0.82mi
510 56th St West Palm Beach, FL	2.0	1.0	1152	$3,800	$3.30	21d	1	0.84mi
5200 N Flagler Dr West Palm Beach, FL	2.0	2.0	1233	$3,375	$2.74	24d	2	0.85mi
5200 N Flagler Dr #2004 West Palm Beach, FL	2.0	2.0	1235	$3,800	$3.08	7d	1	0.86mi
517 31st St West Palm Beach, FL	2.0	1.5	1406	$3,150	$2.24	24d	1	0.89mi
3410 Poinsettia Ave West Palm Beach, FL	2.0	1.0	1257	$3,350	$2.67	11d	1	0.92mi
522 W 2nd St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	24d	1	0.93mi
306 34th St West Palm Beach, FL	2.0	1.0	1443	$4,650	$3.22	24d	1	0.93mi
5600 N Flagler Dr West Palm Beach, FL	1.0–3.0	2.0	1192	$6,000	$5.03	20d	8	0.96mi
3415 N Flagler Dr West Palm Beach, FL	2.0	2.0	1174	$9,950	$8.48	7d	1	1.03mi
245 30th St West Palm Beach, FL	2.0	2.0	1271	$9,000	$7.08	24d	1	1.08mi
2585 Spruce Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	841	$3,225	$3.83	1d	122	1.24mi
5649 Mentmore Dr Riviera Beach, FL	3.0	2.5	1450	$2,900	$2.00	24d	1	1.36mi
1401 W 9th St Riviera Beach, FL	3.0	2.0	1304	$3,200	$2.45	24d	1	1.42mi
1104 State St Unit C West Palm Beach, FL	3.0	1.0	875	$3,000	$3.43	24d	1	1.47mi

Listing history 38 events

1. 2026-06-18
   days on market $299,000 Active 35 DOM
2. 2026-06-17
   days on market $299,000 Active 34 DOM
3. 2026-06-16
   days on market $299,000 Active 33 DOM
4. 2026-06-15
   days on market $299,000 Active 32 DOM
5. 2026-06-13
   days on market $299,000 Active 30 DOM
6. 2026-06-09
   days on market $299,000 Active 26 DOM
7. 2026-06-08
   remarks 559-char remark
8. 2026-06-08
   pricedays on market $299,000 Active 25 DOM
9. 2026-06-07
   days on market $325,000 Active 24 DOM
10. 2026-06-04
    days on market $325,000 Active 21 DOM
11. 2026-06-03
    days on market $325,000 Active 20 DOM
12. 2026-06-02
    days on market $325,000 Active 19 DOM
13. 2026-06-01
    days on market $325,000 Active 18 DOM
14. 2026-05-31
    days on market $325,000 Active 17 DOM
15. 2026-05-14
    listed $325,000 Active
16. 2024-05-07
    historical
17. 2024-05-03
    price $389,000
18. 2024-02-26
    price $339,000
19. 2024-01-13
    price $350,000
20. 2023-12-07
    price $365,000
21. 2023-11-11
    listed $375,000 Active
22. 2023-11-06
    historical
23. 2023-11-06
    historical
24. 2023-11-06
    listed $375,000 Active
25. 2023-10-31
    historical
26. 2023-04-04
    soldstatus $205,000
27. 2022-09-11
    historical
28. 2022-09-01
    soldstatus $130,735
29. 2022-07-30
    historical Active Under Contract
30. 2022-07-16
    listed $250,000 Active
31. 2014-08-01
    historical
32. 2014-07-31
    soldstatus $38,000 Closed
33. 2014-04-29
    status Active
34. 2014-04-26
    status Pending
35. 2014-03-31
    status Pending
36. 2014-03-31
    price $39,900
37. 2014-02-21
    listed $49,900 Active
38. 1984-09-01
    soldstatus $32,600

ⓘ 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: $5,368 · $447/mo
• Projected year-2 tax: $5,368 · $447/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 · 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,939
• − Mortgage interest: −$16,749
• − Property taxes: −$5,368
• − Insurance: −$1,495
• − Repairs & maintenance: −$3,595
• − Management: −$3,595
• − Depreciation: −$8,698
• Taxable income: $5,438
• Est. tax owed @ 24.0%: −$1,305
• After-tax cash flow: $8,517/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 — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• 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

+896.9% since first listed

24 events — show timeline

• 2026-05-14 Listed $325,000 Beaches MLS
• 2024-05-07 Listing Removed — Beaches MLS
• 2024-05-03 Price Changed $389,000 Beaches MLS
• 2024-02-26 Price Changed $339,000 Beaches MLS
• 2024-01-13 Price Changed $350,000 Beaches MLS
• 2023-12-07 Price Changed $365,000 Beaches MLS
• 2023-11-11 Listed $375,000 Beaches MLS
• 2023-11-06 Listing Removed — Beaches MLS
• 2023-11-06 Coming Soon — Beaches MLS
• 2023-11-06 Listed $375,000 Beaches MLS
• 2023-10-31 Coming Soon — Beaches MLS
• 2023-04-04 Sold (Public Records) $205,000 Public Records
• 2022-09-11 Listing Removed — Beaches MLS
• 2022-09-01 Sold (Public Records) $130,735 Public Records
• 2022-07-30 Contingent — Beaches MLS
• 2022-07-16 Listed $250,000 Beaches MLS
• 2014-08-01 Listing Removed — Beaches MLS
• 2014-07-31 Sold (MLS) $38,000 Beaches MLS
• 2014-04-29 Relisted — Beaches MLS
• 2014-04-26 Pending — Beaches MLS
• 2014-03-31 Pending — Beaches MLS
• 2014-03-31 Price Changed $39,900 Beaches MLS
• 2014-02-21 Listed $49,900 Beaches MLS
• 1984-09-01 Sold (Public Records) $32,600 Public Records

Property tax history

+14.4%/yr

Latest (2025): $5,368 · +0.3% YoY. Source: county tax records.