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500 Executive Center Dr Unit 3k
B+ Composite 76.61
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
  • ARV discount +12.4/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +4.1/5.0
  • Rent growth +3.8/5.0
  • Condition / age +3.8/5.0
  • Schools +2.6/10.0
  • Appreciation +0.0/10.0

$130,787

500 Executive Center Dr Unit 3k · West Palm Beach, FL 33401
1 bd · 1.0 ba · 704 sqft · Condo public records · 101 Days on market
Built 1979 Good condition Garage $186/sqft · 11% below area Est $147k · 11% under $606/mo HOA · 18% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to Breakwaters of the Palm Beaches—where convenience meets comfort in the heart of it all. This beautifully maintained residence offers a light-filled interior with an inviting layout designed for easy living. Enjoy a spacious living area, well-appointed kitchen, and a private balcony perfect for morning coffee or unwinding after a long day. Centrally located near I-95, Palm Beach Outlets, airport, restaurants, and hospitals. The unit is great for a primary occupant or investor as there is a long term tenant paying $1475 a month to month.

Key facts

  • Private balcony
  • Centrally located
  • Inviting layout

Tags

LIGHT-FILLED INTERIORINVITING LAYOUTPRIVATE BALCONYCENTRALLY LOCATED

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $131k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $1k ($13k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $131k).
  • Recommended offer: $119k (9.0% below list) — sets the bar for market timing.
  • Cap rate 15.9% vs local median 4.1% 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: Westward Elementary School (math 30% / reading 29%, grade F, #1,896 of 2,144 statewide, top 90%, 500 students, 81% FRL); Bear Lakes Middle School (math 19% / reading 33%, grade F, #506 of 571 statewide, top 89%, 842 students, 74% 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 75% FRL vs 52% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 26% at this address vs 50% district-wide (-24 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); 589 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
  • At $3,295/mo this rent would consume 58% of the median local household income ($68k/yr) (locally 18% 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 $904 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 $37k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 101 days — a 9% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 19y 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.

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 $119,016 (9.0% below list)

Questions for the listing agent

  1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. 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?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. 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.
  9. 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.
  10. 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
2.52%
Cap rate
15.92%
Cash-on-cash
34.40%
DSCR
2.53
GRM
3.3

CMA / ARV

ARV (median comp)
$146,780
List price
$130,787
Delta
-10.90%
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
500 Executive Center Dr Unit 5f 0.00mi 1/1.0 704 (0%) 16mo $103,000 $146 86
480 Executive Center Dr Unit 1b 0.07mi 1/1.0 704 (0%) 17mo $123,500 $175 83
651 Okeechobee Blvd #1006 1.27mi 1/1.0 706 (+0%) 0mo $325,000 $460 64
651 Okeechobee Blvd #306 1.27mi 1/1.0 706 (+0%) 0mo $275,000 $390 64
651 Okeechobee Blvd #1008 1.21mi 1/1.0 706 (+0%) 3mo $345,000 $489 62
639 Executive Center Dr Unit O-204 0.25mi 1/1.0 627 (-11%) 11mo $165,000 $263 61
1326 8th St 0.79mi 2/1.0 (+1) 704 (0%) 1mo $310,000 $440 59
1830 Embassy Dr #503 1.19mi 1/1.0 725 (+3%) 4mo $190,000 $262 57
630 S Sapodilla Ave #104 1.19mi 1/1.0 756 (+7%) 11mo $320,000 $423 44
955 York St 1.43mi 2/1.0 (+1) 782 (+11%) 1mo $599,000 $766 40
2000 Seminole Blvd 1.48mi 2/1.0 (+1) 800 (+14%) 3mo $344,500 $431 35
300 S Australian Ave #309 0.83mi 1/1.0 774 (+10%) 17mo $292,500 $378 34

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 · 5.15% rent growth · sell at horizon

5-year hold
IRR
33.2%
Equity multiple
2.46×
Total profit
$53,396
Equity at exit
$19,501
10-year hold
IRR
41.7%
Equity multiple
5.52×
Total profit
$165,633
Equity at exit
$11,308

Cash invested: $36,620 (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.

Active competition Active MLS

For sale now
3 active · 4 under contract
Median asking
$215,000 ($295/sqft)
Median days on market
88 d
This list price
lowest-priced of the active set
ARV vs active asking
-29.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33401

Rents YoY
5.2%
Active inventory
589
Price-to-rent
3.3×

Monthly cashflow live

Estimated rent
$3,295 high interval (Pro) →
Mortgage (P&I)
$686
Tax from tax record
$207 /mo · $2,484/yr
Insurance
$54
HOA
$606
Vacancy / Maint / Mgmt
$692
Net cashflow
$1,050

Break-even live

Break-even rent $1,966
Max offer price $130,787
Occupancy floor 63%

Sensitivity live

Price -10% $1,124 -5% $1,087 +0% $1,050 +5% $1,013 +10% $976
Rent -10% $789 -5% $920 +0% $1,050 +5% $1,180 +10% $1,310
Rate -1.0pp $1,116 -0.5pp $1,083 base $1,050 +0.5pp $1,016 +1.0pp $981

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
$32,697
Closing costs
$3,924
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 17 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
201 Clearwater Dr West Palm Beach, FL 2.0 1.0–2.0 731 $4,365 $5.97 41d 16 0.84mi
201 Clearwater Dr West Palm Beach, FL 2.0 1.0–2.0 731 $4,566 $6.24 0d 9 0.84mi
1441 Brandywine Rd West Palm Beach, FL 1.0–3.0 1.0–2.0 881 $1,650 $1.87 9d 25 1.15mi
609 2nd St West Palm Beach, FL 1.0 1.0 592 $2,909 $4.91 42d 1 1.21mi
591 Evernia St West Palm Beach, FL 1.0–2.0 1.0–2.0 1124 $3,302 $2.94 0d 17 1.26mi
651 Okeechobee Blvd West Palm Beach, FL 1.0–2.0 1.0–2.5 887 $3,000 $3.38 63d 5 1.26mi
1500 Centrepark Blvd West Palm Beach, FL 3.0 1.0–2.0 959 $3,561 $3.71 0d 18 1.28mi
1050 Blanche St West Palm Beach, FL 1.0 1.0 633 $3,150 $4.97 3d 6 1.31mi
480 Hibiscus St West Palm Beach, FL 1.0–2.0 1.0–2.0 829 $2,800 $3.38 7d 4 1.42mi
480 Hibiscus St West Palm Beach, FL 1.0–2.0 1.5–2.0 885 $3,495 $3.95 73d 3 1.42mi
480 Hibiscus St West Palm Beach, FL 1.0–2.0 1.0–2.0 867 $3,725 $4.29 21d 3 1.42mi
480 Hibiscus St West Palm Beach, FL 1.0–2.0 1.0–2.0 867 $3,200 $3.69 29d 4 1.42mi
480 Hibiscus St West Palm Beach, FL 1.0–2.0 1.0–2.0 867 $3,600 $4.15 52d 4 1.42mi
499 Evernia St West Palm Beach, FL 2.0 1.0–2.0 827 $3,621 $4.38 3d 19 1.43mi
333 Fern St West Palm Beach, FL 2.0 1.0–2.0 1121 $4,103 $3.66 0d 1 1.48mi
1710 N Congress Ave West Palm Beach, FL 1.0–3.0 1.0–2.0 1210 $2,495 $2.06 73d 4 1.49mi
1306 Florida Ave West Palm Beach, FL 2.0 2.5 480 $3,850 $8.02 7d 1 1.49mi

Property features AI

Finance

Financial info
Pets allowed (possible pet restrictions)
HOA & community
Breakwaters of the Palm Beaches associationMonthly HOA feeAssociation amenities include clubhouse, elevators, laundry, parking, pool, storage, tennis courts, trash chute, sidewalks, gated community features, security, and maintenanceHOA fee covers insurance, grounds maintenance, sewer, trash, water, common real estate tax, elevator, and recreation facility

Exterior

Parking
Assigned parkingGuest parking1 parking space totalSecured garage/parking
Security
Fire alarmFire sprinkler systemKey card entryEntry phone/intercomSmoke detector(s)Gated community (no guard)
Utilities
Public waterPublic sewerCable connectedElectricity connectedPhone available
Home design
CondominiumOne levelWest-facingResale unit4-story building
Construction
Built with CBS (concrete block/stucco) constructionFlat roof
Exterior features
Not waterfront

Interior

Kitchen
Electric rangeDishwasherMicrowaveRefrigeratorGarbage disposalElectric water heater
Bedrooms
1 bedroom on the main level
Flooring
LaminateTile
Bathrooms
1 full bathroom on the main level
Heating & cooling
Central heatingCentral air conditioning
Interior features
Walk-in closet(s)Unfurnished
Laundry & utility
Common area laundry

HOA detail $606/mo · $7,272/yr condo

Likely covers
water
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $130,787 Active 101 DOM
  2. 2026-08-06
    days on market $130,787 Active 99 DOM
  3. 2026-08-05
    days on market $130,787 Active 98 DOM
  4. 2026-08-03
    days on market $130,787 Active 96 DOM
  5. 2026-07-31
    days on market $130,787 Active 93 DOM
  6. 2026-07-26
    days on market $130,787 Active 88 DOM
  7. 2026-07-24
    days on market $130,787 Active 86 DOM
  8. 2026-07-23
    days on market $130,787 Active 85 DOM
  9. 2026-07-22
    days on market $130,787 Active 84 DOM
  10. 2026-07-21
    days on market $130,787 Active 83 DOM
  11. 2026-07-20
    days on market $130,787 Active 82 DOM
  12. 2026-07-18
    days on market $130,787 Active 80 DOM
  13. 2026-07-18
    days on market $130,787 Active 79 DOM
  14. 2026-07-16
    days on market $130,787 Active 78 DOM
  15. 2026-07-15
    days on market $130,787 Active 77 DOM
  16. 2026-07-14
    days on market $130,787 Active 76 DOM
  17. 2026-07-13
    days on market $130,787 Active 75 DOM
  18. 2026-07-13
    days on market $130,787 Active 74 DOM
  19. 2026-07-12
    days on market $130,787 Active 73 DOM
  20. 2026-07-10
    days on market $130,787 Active 72 DOM
  21. 2026-07-09
    days on market $130,787 Active 71 DOM
  22. 2026-07-07
    days on market $130,787 Active 69 DOM
  23. 2026-07-06
    days on market $130,787 Active 68 DOM
  24. 2026-07-06
    days on market $130,787 Active 67 DOM
  25. 2026-07-05
    days on market $130,787 Active 66 DOM
  26. 2026-07-03
    days on market $130,787 Active 65 DOM
  27. 2026-07-02
    days on market $130,787 Active 64 DOM
  28. 2026-07-01
    days on market $130,787 Active 63 DOM
  29. 2026-06-30
    days on market $130,787 Active 62 DOM
  30. 2026-06-29
    days on market $130,787 Active 61 DOM
  31. 2026-06-28
    days on market $130,787 Active 60 DOM
  32. 2026-06-27
    days on market $130,787 Active 59 DOM
  33. 2026-06-26
    days on market $130,787 Active 58 DOM
  34. 2026-06-24
    days on market $130,787 Active 56 DOM
  35. 2026-06-22
    days on market $130,787 Active 54 DOM
  36. 2026-06-21
    days on market $130,787 Active 53 DOM
  37. 2026-06-18
    days on market $130,787 Active 50 DOM
  38. 2026-06-17
    days on market $130,787 Active 49 DOM
  39. 2026-06-16
    days on market $130,787 Active 48 DOM
  40. 2026-06-15
    days on market $130,787 Active 47 DOM
  41. 2026-06-13
    days on market $130,787 Active 45 DOM
  42. 2026-06-09
    days on market $130,787 Active 41 DOM
  43. 2026-06-08
    days on market $130,787 Active 40 DOM
  44. 2026-06-07
    days on market $130,787 Active 39 DOM
  45. 2026-06-04
    days on market $130,787 Active 36 DOM
  46. 2026-06-03
    days on market $130,787 Active 35 DOM
  47. 2026-06-02
    days on market $130,787 Active 34 DOM
  48. 2026-06-01
    days on market $130,787 Active 33 DOM
  49. 2026-05-31
    days on market $130,787 Active 32 DOM
  50. 2026-04-29
    listed $130,787 Active

ⓘ 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
$2,484 · $207/mo
Projected year-2 tax
$2,484 · $207/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 1 unhealthy d/yr today · 1 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
$39,540
− Mortgage interest
−$7,326
− Property taxes
−$2,484
− Insurance
−$654
− Repairs & maintenance
−$3,163
− Management
−$3,163
− HOA
−$7,272
− Depreciation
−$3,805
Taxable income
$11,674
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,802
After-tax cash flow
$9,795/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 · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $3,520–$10,560 screening

This well-maintained townhouse in a desirable location offers a good investment opportunity with minimal repairs needed.

Components & finishes AI

Flooring wood Appliances white

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and resale value
  • Both Landscaping — Improves curb appeal and rental value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 26/100

Zoned Schools

Elementary Westward Elementary School F FL #1,896/2,144 Nat'l #26,716/41,679 Middle Bear Lakes Middle School F FL #506/571 Nat'l #10,089/14,009 High Palm Beach Lakes High School F FL #546/667 Nat'l #13,899/17,239

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
A Composite livability gradescore 82/100

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 · 1,637,487 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
18% 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
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

Price history

+37.7% since first listed
14 events — show timeline
  • 2026-04-29 Listed $130,787 Beaches MLS
  • 2026-01-27 Listing Removed Beaches MLS
  • 2025-07-23 Price Changed $136,979 Beaches MLS
  • 2025-06-10 Listed $141,100 Beaches MLS
  • 2025-05-23 Listing Removed Beaches MLS
  • 2024-11-19 Price Changed $141,100 Beaches MLS
  • 2024-09-09 Listed $164,809 Beaches MLS
  • 2023-01-24 Sold (Public Records) $130,000 Public Records
  • 2020-10-15 Sold (Public Records) $76,000 Public Records
  • 2020-09-30 Sold (MLS) $76,000 MARMLS
  • 2020-08-10 Pending MARMLS
  • 2020-01-20 Listed $87,000 MARMLS
  • 2008-06-05 Listing Removed Beaches MLS
  • 2007-11-05 Listed $95,000 Beaches MLS

Property tax history

+23.9%/yr

Latest (2025): $2,484 · -6.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…