1900 N Congress Ave #403 · West Palm Beach, FL 33401

$140,000

1 bd · 1.0 ba · 775 sqft · Condo public records · 201 Days on market

Built 1981 $425/mo HOA · 15% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming and well-located 1-bedroom, 1-bath apartment in the heart of West Palm Beach. This move-in-ready unit offers a comfortable and functional layout with plenty of natural light throughout. Ideally situated just minutes from downtown West Palm Beach, you'll enjoy quick access to major highways, shopping outlets, dining options, beaches, and local attractions—making everyday convenience a part of your lifestyle. Whether you're looking for a peaceful place to unwind or a central location close to everything, this home checks all the boxes. Easy to show schedule your private tour today!

Key facts

• Move-in-ready
• Central location
• Natural light

Tags

• MOVE-IN-READY
• NATURAL LIGHT
• CENTRAL LOCATION

Property features AI

Finance

• Other: Building area reported from public records
• Financial info: Pets allowed (size limit and possible restrictions)
• HOA & community: HOA with monthly fee; Association amenities: Elevator(s), Pool, Trash chute; Monthly association fee: $425

Exterior

• Parking: Assigned parking space; 1 open parking space
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Resale; Faces east; 4-story building
• Construction: CBS construction
• Exterior features: Sidewalks; Entry level living area

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator
• Bedrooms: 1 bedroom (main level)
• Flooring: Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central electric heating; Central air conditioning
• Interior features: Walk-in closet(s); Unfurnished
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $739 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 3.8% in West Palm Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: Roosevelt Elementary School (math 22% / reading 22%, grade F, #2,080 of 2,144 statewide, top 97%, 324 students, 86% 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 78% FRL vs 52% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 22% at this address vs 50% district-wide (-28 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 fast (+5.2%/yr); 507 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $2,745/mo this rent would consume 48% of the median local household income ($68k/yr) (locally 2953% 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 $968 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.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 5y ago; this cycle's ask is 8650% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 1.96% ✓
• Cap rate: 12.62%
• Cash-on-cash: 22.61%
• DSCR: 2.01
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.15% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 1.78×
• Total profit: $30,752
• Equity at exit: $20,874

10-year hold

• IRR: 28.9%
• Equity multiple: 3.93×
• Total profit: $114,691
• Equity at exit: $12,105

Cash invested: $39,200 (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 33401

• Rents YoY: 5.2%
• Active inventory: 507
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,745 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$213 /mo · $2,550/yr
• Insurance: −$58
• HOA: −$425
• Vacancy / Maint / Mgmt: −$576
• Net cashflow: $739

Break-even live

Break-even rent $1,810

Max offer price $140,000

Occupancy floor 68%

Sensitivity live

Price	-10% $818	-5% $778	+0% $739	+5% $699	+10% $659
Rent	-10% $522	-5% $630	+0% $739	+5% $847	+10% $956
Rate	-1.0pp $809	-0.5pp $774	base $739	+0.5pp $702	+1.0pp $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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1991 Presidential Way West Palm Beach, FL	1.0	1.0	827	$3,427	$4.14	9d	1	0.30mi
290 Courtney Lakes Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1069	$2,160	$2.02	21d	19	1.14mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$1,948	$1.59	18d	60	1.31mi
3590 Village Blvd West Palm Beach, FL	1.0–3.0	1.0–2.0	1074	$2,275	$2.12	0d	30	1.50mi

HOA detail condo

• Monthly dues: $425 · $5,100/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-21
   days on market $140,000 Active 201 DOM
2. 2026-06-18
   days on market $140,000 Active 198 DOM
3. 2026-06-17
   days on market $140,000 Active 197 DOM
4. 2026-06-16
   days on market $140,000 Active 196 DOM
5. 2026-06-15
   days on market $140,000 Active 195 DOM
6. 2026-06-13
   days on market $140,000 Active 193 DOM
7. 2026-06-09
   days on market $140,000 Active 189 DOM
8. 2026-06-07
   days on market $140,000 Active 187 DOM
9. 2026-06-04
   days on market $140,000 Active 184 DOM
10. 2026-06-03
    days on market $140,000 Active 183 DOM
11. 2026-06-01
    days on market $140,000 Active 181 DOM
12. 2026-05-31
    days on market $140,000 Active 180 DOM
13. 2026-03-31
    historical $1,600
14. 2026-03-04
    listed $1,600
15. 2025-12-02
    listed $140,000 Active
16. 2025-01-25
    historical $1,600
17. 2025-01-11
    listed $1,600
18. 2025-01-10
    historical $1,550
19. 2025-01-07
    listed $1,550
20. 2024-12-07
    historical $1,550
21. 2024-12-05
    historical $1,550
22. 2024-12-05
    listed $1,550
23. 2024-12-05
    listed $1,550
24. 2021-11-03
    soldstatus $145,000
25. 2021-08-24
    listed $147,000 Active
26. 1988-04-01
    soldstatus $43,900

ⓘ 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: $2,550 · $213/mo
• Projected year-2 tax: $2,550 · $213/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 9/10 Extreme 7 d/yr ≥105°F today · 23 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,942
• − Mortgage interest: −$7,842
• − Property taxes: −$2,550
• − Insurance: −$700
• − Repairs & maintenance: −$2,635
• − Management: −$2,635
• − HOA: −$5,100
• − Depreciation: −$4,073
• Taxable income: $7,406
• Est. tax owed @ 24.0%: −$1,778
• After-tax cash flow: $7,087/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): 33,698
• Household income: $67,967
• Rent vs Own: 62.5% rent · 37.5% own
• Severe rent burden: 2953.0

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 0.68)
• Race & ethnicity: White 43% Black 32% Hispanic / Latino 17% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3%
• Common ancestry: Hispanic 6% Slovak 2% Romanian 2%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 13% French/Haitian/Cajun 7% Other Asian/Pacific 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: ▼ -324.96%
• Current HPI: 367.0978
• Rent YoY: ▲ 5.15%
• 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

-96.4% since first listed

14 events — show timeline

• 2026-03-31 Rental Removed $1,600 RMLSFL
• 2026-03-04 Listed for Rent $1,600 RMLSFL
• 2025-12-02 Listed $140,000 Beaches MLS
• 2025-01-25 Rental Removed $1,600 GFLMLS
• 2025-01-11 Listed for Rent $1,600 GFLMLS
• 2025-01-10 Rental Removed $1,550 RMLSFL
• 2025-01-07 Listed for Rent $1,550 RMLSFL
• 2024-12-07 Rental Removed $1,550 RMLSFL
• 2024-12-05 Rental Removed $1,550 GFLMLS
• 2024-12-05 Listed for Rent $1,550 RMLSFL
• 2024-12-05 Listed for Rent $1,550 GFLMLS
• 2021-11-03 Sold (Public Records) $145,000 Public Records
• 2021-08-24 Listed $147,000 MARMLS
• 1988-04-01 Sold (Public Records) $43,900 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,550 · +6.3% YoY. Source: county tax records.