341 Seville O · Delray Beach, FL 33446

$135,000

2 bd · 2.0 ba · 988 sqft · Condo public records · 190 Days on market

Built 1973 $782/mo HOA · 44% of rent

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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).

• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Cash flow +5.5/30.0
• Appreciation +5.3/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

Key facts

• Brand-new roof
• Tranquil water views
• Community pool

Tags

• GROUND-FLOOR CORNER VILLA
• TRANQUIL WATER VIEWS
• BRAND-NEW ROOF
• REDESIGNED DESIGNER KITCHEN
• STAINLESS STEEL APPLIANCES
• ELEGANT QUARTZ COUNTERTOPS

Property features AI

Finance

• Other: Pets allowed (pet restrictions possible); Part of a large community (approximately 7,200 units); Senior community
• HOA & community: Community association with monthly fee; HOA amenities include billiard room, clubhouse, fitness center, golf course, game room, indoor pool, parking, pool, spa/hot tub, tennis courts, bocce ball, cafe/restaurant, courtesy bus, library, pickleball courts, putting green; HOA fee paid monthly; Association fee includes cable TV, insurance, grounds maintenance, security, sewer, trash, common areas, and recreation facility

Exterior

• Parking: Assigned parking; Guest parking
• Security: Gated community with guard; Security patrol
• Utilities: Public water; Public sewer; Electric service (three phase); Cable available
• Home design: Villa (multi/split levels); Single-story residence; Entry-level living area; Faces west
• Construction: Pre-fabricated construction; Built as resale property
• Exterior features: Patio; Waterfront

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central electric heating; Central air; Ceiling fan(s)
• Interior features: Walk-in closet(s); Unfurnished
• Laundry & utility: Laundry closet inside unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $-288 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $84k (37.7% below list).
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $84k (37.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime D-, amenities 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: Orchard View Elementary School (math 48% / reading 47%, grade D, #1,182 of 2,144 statewide, top 55%, 596 students, 76% FRL); Spanish River Community High School (math 64% / reading 74%, grade B, #63 of 667 statewide, top 10%, 2,578 students, 25% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: Rents flat; 583 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($933 loan paydown + $927 appreciation (0.7% local appreciation)).
• 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 190 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $71k; list at $135k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 44% of rent.
• 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 $84,083 (37.7% below list)

Questions for the listing agent

1. 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?
2. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. Crime grade is D 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?
10. 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?
11. 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.
12. 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.
13. 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: 1.33% ✓
• Cap rate: 3.73%
• Cash-on-cash: -9.15%
• DSCR: 0.59
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.69% appreciation · 0.51% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.42×
• Total profit: $-21,764
• Equity at exit: $43,900

10-year hold

• IRR: -8.5%
• Equity multiple: 0.08×
• Total profit: $-34,783
• Equity at exit: $56,684

Cash invested: $37,800 (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 33446

• Home prices YoY: 0.3%
• Rents YoY: 0.5%
• Active inventory: 583
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,789 high
• Mortgage (P&I): −$708
• Tax from tax record: −$156 /mo · $1,867/yr
• Insurance: −$56
• HOA: −$782
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $-288

Break-even live

Break-even rent $2,154

Max offer price $84,083

Occupancy floor —

Sensitivity live

Price	-10% $-212	-5% $-250	+0% $-288	+5% $-326	+10% $-365
Rent	-10% $-430	-5% $-359	+0% $-288	+5% $-218	+10% $-147
Rate	-1.0pp $-220	-0.5pp $-254	base $-288	+0.5pp $-323	+1.0pp $-359

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
242 Seville K Unit 242 Delray Beach, FL	1.0	1.5	720	$1,380	$1.92	25d	1	0.03mi
318 Seville N #318 Delray Beach, FL	1.0	1.5	720	$1,495	$2.08	25d	1	0.11mi
154 Seville G Delray Beach, FL	1.0	1.0	720	$1,490	$2.07	16d	1	0.11mi
322 Seville N Delray Beach, FL	1.0	1.5	720	$1,495	$2.08	25d	1	0.13mi
92 Seville Blvd Delray Beach, FL	2.0	2.0	880	$1,895	$2.15	25d	1	0.13mi
126 Seville E Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	19d	1	0.15mi
148 Waterford D Unit 148 Delray Beach, FL	2.0	2.0	883	$1,900	$2.15	18d	1	0.17mi
43 Waterford B Delray Beach, FL	1.0	1.5	720	$1,400	$1.94	25d	1	0.17mi
185 Valencia H Delray Beach, FL	2.0	2.0	883	$1,700	$1.93	25d	1	0.21mi
175 Valencia H Delray Beach, FL	1.0	1.5	726	$1,500	$2.07	8d	1	0.21mi
102 Waterford D Unit 102 Delray Beach, FL	1.0	1.5	720	$1,900	$2.64	25d	1	0.22mi
213 Waterford I Delray Beach, FL	2.0	2.0	880	$1,600	$1.82	25d	1	0.29mi
111 Normandy Ln Delray Beach, FL	1.0	1.5	726	$1,450	$2.00	3d	1	0.29mi
111 Normandy Ln Delray Beach, FL	1.0	1.5	726	$1,450	$2.00	0d	1	0.29mi
195 Monaco E Delray Beach, FL	1.0	1.5	728	$1,550	$2.13	25d	1	0.32mi
153 Monaco D Delray Beach, FL	2.0	2.0	880	$1,750	$1.99	18d	1	0.33mi
6 Brittany a Delray Beach, FL	1.0	1.5	726	$1,400	$1.93	0d	1	0.34mi
28 Seville B Delray Beach, FL	2.0	2.0	883	$1,950	$2.21	12d	1	0.34mi
189 Seville Ter Unit 189 Delray Beach, FL	2.0	2.0	880	$1,900	$2.16	25d	1	0.35mi
564 Brittany L Delray Beach, FL	2.0	2.5	880	$1,800	$2.05	25d	1	0.37mi
419 Brittany I Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	25d	1	0.37mi
233 Brittany F Unit F Delray Beach, FL	2.0	2.0	988	$1,600	$1.62	25d	1	0.37mi
292 Brittany Ave #292 Delray Beach, FL	2.0	2.0	880	$1,700	$1.93	4d	1	0.37mi
270 Brittany F Unit F Delray Beach, FL	1.0	1.5	720	$1,600	$2.22	8d	1	0.37mi
537 Brittany K Unit 537 Delray Beach, FL	2.0	2.0	880	$1,700	$1.93	25d	1	0.37mi
568 Brittany L Delray Beach, FL	2.0	2.0	883	$1,950	$2.21	25d	1	0.37mi
159 Brittany Ter Unit 159 Delray Beach, FL	1.0	1.5	720	$1,795	$2.49	18d	1	0.37mi
260 Brittany F Unit F Delray Beach, FL	2.0	2.0	880	$1,600	$1.82	3d	1	0.37mi
520 Brittany K Unit K Delray Beach, FL	2.0	2.0	880	$1,400	$1.59	0d	1	0.37mi
233 Brittany F Unit F Delray Beach, FL	2.0	2.0	988	$1,600	$1.62	8d	1	0.37mi
163 Tuscany C Unit C Delray Beach, FL	1.0	1.5	720	$1,300	$1.81	16d	1	0.37mi
459 Monaco Blvd Unit 459 Delray Beach, FL	1.0	1.5	720	$1,400	$1.94	0d	1	0.38mi
581 Monaco Blvd Unit 581 Delray Beach, FL	2.0	2.0	880	$2,000	$2.27	25d	1	0.38mi
711 Monaco O Delray Beach, FL	1.0	1.5	720	$1,550	$2.15	25d	1	0.38mi
401 Monaco Way Unit 401 Delray Beach, FL	2.0	2.0	920	$1,950	$2.12	25d	1	0.38mi
451 Monaco Blvd Unit J Delray Beach, FL	1.0	1.5	720	$1,599	$2.22	25d	1	0.38mi
399 Brittany I Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	13d	1	0.38mi
399 Brittany I Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	19d	1	0.38mi
482 Monaco Blvd #482 Delray Beach, FL	1.0	1.5	726	$1,400	$1.93	25d	1	0.38mi
233 Brittany Dr Unit 233 Delray Beach, FL	2.0	2.0	988	$1,700	$1.72	25d	1	0.39mi

HOA detail condo

• Monthly dues: $782 · $9,384/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-21
   days on market $135,000 Active 190 DOM
2. 2026-06-18
   days on market $135,000 Active 187 DOM
3. 2026-06-17
   days on market $135,000 Active 186 DOM
4. 2026-06-16
   days on market $135,000 Active 185 DOM
5. 2026-06-15
   days on market $135,000 Active 184 DOM
6. 2026-06-13
   days on market $135,000 Active 182 DOM
7. 2026-06-09
   days on market $135,000 Active 178 DOM
8. 2026-06-07
   days on market $135,000 Active 176 DOM
9. 2026-06-04
   days on market $135,000 Active 173 DOM
10. 2026-06-03
    days on market $135,000 Active 172 DOM
11. 2026-06-01
    days on market $135,000 Active 170 DOM
12. 2026-05-31
    days on market $135,000 Active 169 DOM
13. 2026-03-01
    price $135,000
14. 2026-02-04
    price $147,500
15. 2026-01-04
    price $159,900
16. 2025-12-13
    listed $165,000 Active
17. 2016-08-29
    soldstatus $71,000
18. 2016-08-22
    soldstatus $71,000 Closed 292-char remark

    Show marketing remark (292 chars)

    COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

19. 2016-06-10
    status Pending 292-char remark

    Show marketing remark (292 chars)

    COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

20. 2016-04-22
    price $76,500 292-char remark

    Show marketing remark (292 chars)

    COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

21. 2016-03-04
    price $77,900 292-char remark

    Show marketing remark (292 chars)

    COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

22. 2016-02-06
    listed $79,900 Active 292-char remark

    Show marketing remark (292 chars)

    COME AND RELAX!VILLA CONNER UNIT, KITCHEN CEILING WAS UPDATED. VIEW OF THE WATER AND GOLF FROM THE LIVING ROOM, TILE THRU-OUT, LARGE WALK-IN CLOSET IN MASTER BEDROOM. PATIO HAS BEEN ENCLOSED AND CAN BE USE AS A FLORIDA ROOM. THIS VILLA COMES FURNTURED. DON'T WAIT JUST BRING YOUR TOOTH BRUSH.

23. 2004-08-23
    soldstatus $75,500
24. 1995-05-15
    soldstatus $42,000
25. 1995-05-15
    soldstatus $42,000
26. 1982-08-01
    soldstatus $48,500

ⓘ 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: $1,867 · $156/mo
• Projected year-2 tax: $1,867 · $156/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 ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,472
• − Mortgage interest: −$7,562
• − Property taxes: −$1,867
• − Insurance: −$675
• − Repairs & maintenance: −$1,718
• − Management: −$1,718
• − HOA: −$9,384
• − Depreciation: −$3,927
• Taxable loss: −$5,379
• Est. tax savings @ 24.0%: +$1,291
• After-tax cash flow: $-2,168/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 — Delray Beach

• Score: 77/100
• State rank: #202
• US rank: #3160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 123,167
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 28,431
• Household income: $80,187
• Rent vs Own: 11.4% rent · 88.6% own
• Severe rent burden: 494.0

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: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Puerto Rican 3% Dominican 1%
• Common ancestry: Romanian 9% Scotch-Irish 9% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, Guatemala
• Languages at home: 80% English-only · Spanish 12% Other Indo-European 2% 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: ▲ 0.69%
• Current HPI: 242.5138
• Rent YoY: ▲ 0.51%
• 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

+178.4% since first listed

14 events — show timeline

• 2026-03-01 Price Changed $135,000 Beaches MLS
• 2026-02-04 Price Changed $147,500 Beaches MLS
• 2026-01-04 Price Changed $159,900 Beaches MLS
• 2025-12-13 Listed $165,000 Beaches MLS
• 2016-08-29 Sold (Public Records) $71,000 Public Records
• 2016-08-22 Sold (MLS) $71,000 Beaches MLS
• 2016-06-10 Pending — Beaches MLS
• 2016-04-22 Price Changed $76,500 Beaches MLS
• 2016-03-04 Price Changed $77,900 Beaches MLS
• 2016-02-06 Listed $79,900 Beaches MLS
• 2004-08-23 Sold (Public Records) $75,500 Public Records
• 1995-05-15 Sold (Public Records) $42,000 Public Records
• 1995-05-15 Sold (Public Records) $42,000 Public Records
• 1982-08-01 Sold (Public Records) $48,500 Public Records

Property tax history

+16.7%/yr

Latest (2025): $1,867 · -0.4% YoY. Source: county tax records.