9820 Lemonwood Dr · Golf, FL 33437

$415,000

3 bd · 2.0 ba · 1,976 sqft · SingleFamily public records · 99 Days on market

Built 1995 6,630 sqft lot $522/mo HOA · 14% 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).

• Cash flow +9.3/30.0
• ARV discount +7.5/15.0
• Appreciation +4.9/10.0
• Schools +4.3/10.0
• 1% rule +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Bright open ranch in "The Grove at Indian Hills". 2BR + den which could be 3rd BR. Living room, Dining Room, Rec area, Eat in Kitchen with all new SS appliances and Granite counter tops. Master BR with 2 Walk in closets, double sink with Granite counter t op, separate Whirlpool tub and shower. Bright 2nd full bath. Great 55+ community with pool, Tennis, Bacci etc. Great clubhouse with many Social events. Conveniently located. Gated Community. Owner is a Licensed FL realtor.

Key facts

• Gated community
• Tennis
• Fitness center

Tags

• GATED COMMUNITY
• NEWLY RENOVATED CLUBHOUSE
• FITNESS CENTER
• HEATED POOL
• TENNIS
• PICKLEBALL

Property features AI

Finance

• Other: Not waterfront; Senior community
• Financial info: Association fee: $522 monthly
• HOA & community: Community association with monthly fee; Association amenities include clubhouse, fitness center, pool, sauna, spa/hot tub, tennis and pickleball courts, community room, maintained community, sidewalks, street lights, gated entry, on-site manager, parking, recreation facilities, security

Exterior

• Parking: Attached 2-car garage; Driveway parking; 2 covered parking spaces
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family home; One story; First-floor entry; Faces west
• Construction: Stucco exterior; Barrel roof; Resale property; Built with a foundation consistent with public records
• Exterior features: Covered patio; Patio

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 3 bedrooms on the main level
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Vaulted ceilings

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $415k.

Deal economics

• At list price, monthly cash flow is $-304 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $361k (12.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $368k (11.3% below list).
• Recommended offer: $361k (12.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 63/100 on livability (#703 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living 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: Crystal Lakes Elementary School (math 55% / reading 64%, grade B-, #690 of 2,144 statewide, top 34%, 788 students, 37% FRL); Park Vista Community High School (math 43% / reading 64%, grade C-, #146 of 667 statewide, top 22%, 3,191 students, 28% FRL) — zoned schools average 33% FRL vs 52% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.3%/yr); 479 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• At $3,682/mo this rent would consume 55% of the median local household income ($81k/yr) (locally 902% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($3k loan paydown + $-1k appreciation (-0.2% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($378k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y 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 $245k; list at $415k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $361,366 (12.9% 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 99 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 0.89% ✗
• Cap rate: 5.42%
• Cash-on-cash: -3.14%
• DSCR: 0.86
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.24% appreciation · 1.28% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.64×
• Total profit: $-42,166
• Equity at exit: $115,512

10-year hold

• IRR: -3.2%
• Equity multiple: 0.69×
• Total profit: $-36,162
• Equity at exit: $134,928

Cash invested: $116,200 (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 33437

• Home prices YoY: -0.1%
• Rents YoY: 1.3%
• Active inventory: 479
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,682 high
• Mortgage (P&I): −$2,176
• Tax from tax record: −$341 /mo · $4,091/yr
• Insurance: −$173
• HOA: −$522
• Vacancy / Maint / Mgmt: −$773
• Net cashflow: $-304

Break-even live

Break-even rent $4,066

Max offer price $361,366

Occupancy floor —

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: $103,750
• Closing costs: $12,450
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7891 Sailing Shores Ter Boynton Beach, FL	3.0	2.0	2011	$3,400	$1.69	16d	1	0.46mi
7891 Sailing Shores Ter Unit 7891 Boynton Beach, FL	3.0	2.0	2011	$3,000	$1.49	7d	1	0.46mi
9650 Harbour Lake Cir Boynton Beach, FL	3.0	2.0	1937	$2,975	$1.54	24d	1	0.48mi
7933 Venture Center Way Boynton Beach, FL	1.0–3.0	1.0–2.0	1120	$2,921	$2.61	1d	16	0.52mi
7275 Summer Tree Dr Boynton Beach, FL	2.0	2.0	1722	$4,300	$2.50	24d	1	0.59mi
7192 Summer Tree Dr Boynton Beach, FL	2.0	2.0	1722	$3,000	$1.74	24d	1	0.66mi
7577 Caprio Dr Boynton Beach, FL	3.0	2.0	1884	$3,200	$1.70	13d	1	0.68mi
7577 Caprio Dr Boynton Beach, FL	3.0	2.0	1884	$3,200	$1.70	3d	1	0.68mi
8884 Shoal Creek Ln Boynton Beach, FL	3.0	2.0	1936	$4,900	$2.53	24d	1	0.88mi
8884 Shoal Creek Ln Boynton Beach, FL	3.0	2.0	1936	$5,000	$2.58	10d	1	0.88mi
7832 Rockford Rd Boynton Beach, FL	3.0	2.0	1598	$3,800	$2.38	22d	1	0.91mi
10206 Stonehenge Cir Boynton Beach, FL	1.0–3.0	1.0–2.0	1054	$2,825	$2.68	2d	13	1.01mi
7725 Rockford Rd Boynton Beach, FL	3.0	2.5	2249	$10,000	$4.45	2d	1	1.03mi
7936 Rockford Rd Boynton Beach, FL	3.0	2.0	1871	$9,000	$4.81	22d	1	1.09mi
7975 Rockford Rd Boynton Beach, FL	2.0	2.0	1720	$3,700	$2.15	24d	1	1.17mi
7821 Dorchester Rd Boynton Beach, FL	3.0	3.0	2325	$11,000	$4.73	24d	1	1.24mi
9336 Water Course Way Boynton Beach, FL	3.0	2.0	1779	$3,600	$2.02	22d	1	1.33mi
9336 Water Course Way Boynton Beach, FL	3.0	2.0	1779	$3,600	$2.02	24d	1	1.33mi
10390 Utopia Cir E Unit E Boynton Beach, FL	3.0	2.0	1845	$4,200	$2.28	2d	1	1.40mi
10390 Utopia Cir E Unit 10390 Boynton Beach, FL	3.0	2.0	1845	$4,200	$2.28	24d	1	1.40mi
9926 Watermill Cir Unit F Boynton Beach, FL	3.0	2.0	1471	$2,400	$1.63	24d	1	1.40mi
6396 Park Lake Cir Boynton Beach, FL	3.0	2.5	1422	$2,950	$2.07	14d	1	1.42mi
8895 Chestnut Ridge Way Boynton Beach, FL	4.0	3.0	2530	$4,500	$1.78	24d	1	1.43mi
7816 Bridlington Dr Boynton Beach, FL	3.0	3.0	2330	$12,000	$5.15	24d	1	1.45mi

HOA detail

• Monthly dues: $522 · $6,264/yr
• Likely covers: poolsecurity

Listing history 24 events

1. 2026-06-18
   days on market $415,000 Active 99 DOM
2. 2026-06-17
   statusdays on market $415,000 Active 98 DOM
3. 2026-06-16
   days on market $415,000 Active Under Contract 97 DOM
4. 2026-06-15
   days on market $415,000 Active Under Contract 96 DOM
5. 2026-06-13
   days on market $415,000 Active Under Contract 94 DOM
6. 2026-06-09
   days on market $415,000 Active Under Contract 90 DOM
7. 2026-06-08
   days on market $415,000 Active Under Contract 89 DOM
8. 2026-06-07
   days on market $415,000 Active Under Contract 88 DOM
9. 2026-06-04
   days on market $415,000 Active Under Contract 85 DOM
10. 2026-06-03
    days on market $415,000 Active Under Contract 84 DOM
11. 2026-06-02
    days on market $415,000 Active Under Contract 83 DOM
12. 2026-06-01
    days on market $415,000 Active Under Contract 82 DOM
13. 2026-05-31
    days on market $415,000 Active Under Contract 81 DOM
14. 2026-04-17
    historical Active Under Contract
15. 2026-03-24
    price $415,000
16. 2026-02-27
    listed $425,000 Active
17. 2014-08-14
    soldstatus $245,000
18. 2014-08-13
    soldstatus $245,000 Sold 488-char remark

    Show marketing remark (488 chars)

    Bright open ranch in "The Grove at Indian Hills". 2BR + den which could be 3rd BR. Living room, Dining Room, Rec area, Eat in Kitchen with all new SS appliances and Granite counter tops. Master BR with 2 Walk in closets, double sink with Granite counter t op, separate Whirlpool tub and shower. Bright 2nd full bath. Great 55+ community with pool, Tennis, Bacci etc. Great clubhouse with many Social events. Conveniently located. Gated Community. Owner is a Licensed FL realtor.

19. 2014-07-28
    status Pending 488-char remark

    Show marketing remark (488 chars)

    Bright open ranch in "The Grove at Indian Hills". 2BR + den which could be 3rd BR. Living room, Dining Room, Rec area, Eat in Kitchen with all new SS appliances and Granite counter tops. Master BR with 2 Walk in closets, double sink with Granite counter t op, separate Whirlpool tub and shower. Bright 2nd full bath. Great 55+ community with pool, Tennis, Bacci etc. Great clubhouse with many Social events. Conveniently located. Gated Community. Owner is a Licensed FL realtor.

20. 2014-06-16
    listed $258,500 Active 488-char remark

    Show marketing remark (488 chars)

    Bright open ranch in "The Grove at Indian Hills". 2BR + den which could be 3rd BR. Living room, Dining Room, Rec area, Eat in Kitchen with all new SS appliances and Granite counter tops. Master BR with 2 Walk in closets, double sink with Granite counter t op, separate Whirlpool tub and shower. Bright 2nd full bath. Great 55+ community with pool, Tennis, Bacci etc. Great clubhouse with many Social events. Conveniently located. Gated Community. Owner is a Licensed FL realtor.

21. 2014-03-27
    soldstatus $174,000
22. 2014-03-14
    soldstatus $174,000 Closed 143-char remark

    Show marketing remark (143 chars)

    Spacious and open floor plan in the quiet and active adult community, The Grove is a secure, gated community close to shopping and restaurants.

23. 2014-02-11
    status Pending 143-char remark

    Show marketing remark (143 chars)

    Spacious and open floor plan in the quiet and active adult community, The Grove is a secure, gated community close to shopping and restaurants.

24. 2014-02-07
    listed $179,000 Active 143-char remark

    Show marketing remark (143 chars)

    Spacious and open floor plan in the quiet and active adult community, The Grove is a secure, gated community close to shopping and restaurants.

ⓘ 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: $4,091 · $341/mo
• Projected year-2 tax: $4,091 · $341/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 ≥106°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,181
• − Mortgage interest: −$23,246
• − Property taxes: −$4,091
• − Insurance: −$2,075
• − Repairs & maintenance: −$3,534
• − Management: −$3,534
• − HOA: −$6,264
• − Depreciation: −$12,073
• Taxable loss: −$10,638
• Est. tax savings @ 24.0%: +$2,553
• After-tax cash flow: $-1,090/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 — Golf

• Score: 63/100
• State rank: #703
• US rank: #14941

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety F 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: 148,060
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,229
• Household income: $80,710
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 902.0

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 (68%)
• Race & ethnicity: White 68% Two or more races 13% Hispanic / Latino 12% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1% Dominican 1%
• Common ancestry: Scotch-Irish 8% Romanian 8% Hispanic 6%
• Foreign-born: 18% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 10% French/Haitian/Cajun 6% Other Indo-European 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: ▼ -0.24%
• Current HPI: 257.5891
• Rent YoY: ▲ 1.28%
• 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

+131.8% since first listed

11 events — show timeline

• 2026-04-17 Contingent — Beaches MLS
• 2026-03-24 Price Changed $415,000 Beaches MLS
• 2026-02-27 Listed $425,000 Beaches MLS
• 2014-08-14 Sold (Public Records) $245,000 Public Records
• 2014-08-13 Sold (MLS) $245,000 MARMLS
• 2014-07-28 Pending — MARMLS
• 2014-06-16 Listed $258,500 MARMLS
• 2014-03-27 Sold (Public Records) $174,000 Public Records
• 2014-03-14 Sold (MLS) $174,000 Beaches MLS
• 2014-02-11 Pending — Beaches MLS
• 2014-02-07 Listed $179,000 Beaches MLS

Property tax history

+4.8%/yr

Latest (2025): $4,091 · +3.3% YoY. Source: county tax records.