3303 Kirk Rd #4 · Palm Springs, FL 33461

$179,000

2 bd · 1.0 ba · 804 sqft · Condo public records · 12 Days on market

Built 1982 $300/mo HOA · 16% 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 +12.8/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Schools +4.3/10.0
• DSCR +3.8/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Good condition, Low HOA Maintenance. Water is included in maintenance fee

Key facts

• Near schools
• Near shopping
• Centrally located

Tags

• CERAMIC TILE FLOORING
• CORNER UNIT
• CENTRALLY LOCATED
• NEAR SHOPPING
• NEAR RESTAURANTS
• NEAR SCHOOLS

Property features AI

Finance

• HOA & community: HOA with monthly fee of $300; HOA includes water and common areas; Pets not allowed

Exterior

• Parking: 2 parking spaces; Association provides parking
• Utilities: Public water; Public sewer; Sewer and water available
• Home design: Condominium; One level; Resale condition; Faces north
• Construction: Concrete block with stucco construction; 2-story building
• Exterior features: No waterfront; Wood truss/rafter roof

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Accessible entrance; Shutters
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $179k.

Deal economics

• At list price, monthly cash flow is $-16 ($-194/yr) — negative.
• To cash-flow at today's rent, offer at most $176k (1.6% below list).
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $176k (1.6% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 73/100 on livability (#297 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment D+, amenities F, commute 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: Palm Springs Elementary School (math 27% / reading 32%, grade F, #1,896 of 2,144 statewide, top 90%, 1,010 students, 79% FRL); L C Swain Middle School (math 26% / reading 33%, grade F, #469 of 571 statewide, top 84%, 1,451 students, 74% FRL); John I. Leonard High School (math 17% / reading 35%, grade F, #494 of 667 statewide, top 75%, 3,549 students, 67% 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 28% at this address vs 50% district-wide (-21 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 soft (-2.5%/yr); 276 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• This rent runs 37% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $176,148 (1.6% 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. 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 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: 1.08% ✓
• Cap rate: 6.18%
• Cash-on-cash: -0.39%
• DSCR: 0.98
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.1%
• Equity multiple: 0.29×
• Total profit: $-35,479
• Equity at exit: $26,689

10-year hold

• IRR: -27.0%
• Equity multiple: -0.06×
• Total profit: $-53,221
• Equity at exit: $15,477

Cash invested: $50,120 (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 33461

• Rents YoY: -2.5%
• Active inventory: 276
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,932 high
• Mortgage (P&I): −$939
• Tax from tax record: −$229 /mo · $2,752/yr
• Insurance: −$75
• HOA: −$300
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $-16

Break-even live

Break-even rent $1,953

Max offer price $176,148

Occupancy floor 96%

Sensitivity live

Price	-10% $85	-5% $35	+0% $-16	+5% $-67	+10% $-117
Rent	-10% $-169	-5% $-92	+0% $-16	+5% $60	+10% $137
Rate	-1.0pp $74	-0.5pp $29	base $-16	+0.5pp $-63	+1.0pp $-110

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	9d	1	0.09mi
3263 Kirk Rd #2 Lake Worth, FL	1.0	1.0	619	$1,650	$2.67	26d	1	0.09mi
3874 7th Ave N Unit 3878 Lake Worth Beach, FL	1.0	1.0	528	$1,600	$3.03	26d	1	0.20mi
3654 Coconut Rd Palm Springs, FL	1.0	1.0	600	$1,500	$2.50	26d	1	0.52mi
4270 Lakewood Rd Unit 308 Lake Worth Beach, FL	3.0	2.0	1100	$2,350	$2.14	15d	1	0.52mi
4290 Lakewood Rd Unit 107 Lake Worth Beach, FL	2.0	2.0	1100	$2,200	$2.00	15d	1	0.55mi
2785 Reo Ln Unit 2 Lake Worth Beach, FL	2.0	1.0	884	$2,300	$2.60	26d	1	0.57mi
4260 Lakewood Rd Unit 206 Lake Worth Beach, FL	3.0	2.0	1100	$2,350	$2.14	15d	1	0.58mi
4260 Lakewood Rd Unit 302 Lake Worth Beach, FL	2.0	2.0	1100	$2,200	$2.00	15d	1	0.58mi
4250 Lakewood Rd Unit 101 Lake Worth Beach, FL	2.0	2.0	1100	$2,150	$1.95	26d	1	0.59mi
3901 Lakewood Rd Unit A Lake Worth Beach, FL	2.0	1.0	704	$2,000	$2.84	26d	1	0.62mi
3662 Davis Rd Palm Springs, FL	2.0	2.0	1000	$1,825	$1.82	0d	1	0.64mi
3662 Davis Rd Unit 3664 Palm Springs, FL	3.0	2.0	1000	$1,999	$2.00	9d	1	0.64mi
3662 Davis Rd Palm Springs, FL	3.0	2.0	1000	$1,999	$2.00	5d	1	0.64mi
4098 Linda Ln West Palm Beach, FL	2.0	1.0	860	$2,465	$2.87	26d	1	0.65mi
3574 Montante Blvd Palm Springs, FL	2.0	1.0	850	$1,950	$2.29	26d	1	0.68mi
3525 Montante Blvd Lake Worth Beach, FL	2.0	1.0	850	$1,950	$2.29	26d	1	0.70mi
1802 Waterview Cir #1802 Palm Springs, FL	2.0	2.0	951	$1,925	$2.02	26d	1	0.71mi
124 Abaco Dr Palm Springs, FL	3.0	2.0	988	$2,900	$2.94	17d	1	0.80mi
1016 Manor Dr Unit 5c Palm Springs, FL	2.0	2.0	1098	$2,256	$2.05	26d	1	0.80mi
965 Manor Dr Palm Springs, FL	2.0	1.0	687	$1,995	$2.90	3d	5	0.81mi
1020 Manor Dr Palm Springs, FL	2.0	2.0	1098	$2,200	$2.00	23d	1	0.83mi
1065 Manor Dr Palm Springs, FL	2.0	2.0	1098	$2,100	$1.91	4d	1	0.87mi
220 Henthorne Dr Palm Springs, FL	1.0–2.0	1.5–2.0	900	$1,850	$2.06	26d	4	0.88mi
120 S Price St Lake Worth Beach, FL	3.0	1.0	864	$2,725	$3.15	26d	1	0.89mi
400 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	26d	1	0.93mi
700 Village Green Ct Palm Springs, FL	1.0–2.0	1.5	796	$1,800	$2.26	3d	3	0.93mi
2966 Ashley Dr E Unit C West Palm Beach, FL	1.0	1.0	611	$1,375	$2.25	26d	1	0.93mi
3750 Mil Race Ct Unit 3774 Greenacres, FL	2.0	2.0	921	$2,100	$2.28	26d	1	0.94mi
3750 Mil-Race Ct Unit 3769 Greenacres, FL	2.0	2.0	921	$2,350	$2.55	26d	1	0.94mi
4904 Dillon St Unit C Greenacres, FL	1.0	1.0	699	$1,450	$2.07	26d	1	0.95mi
3762 Mil Race Ct Greenacres, FL	3.0	2.0	921	$2,250	$2.44	26d	1	0.96mi
600 Village Green Ct #203 Palm Springs, FL	1.0	1.0	650	$1,300	$2.00	5d	1	0.96mi
4259 Royal Banyan Way Unit B Lake Worth Beach, FL	2.0	1.0	900	$2,150	$2.39	26d	1	0.98mi
3774 Mil Race Ct Greenacres, FL	2.0	2.0	921	$2,100	$2.28	26d	1	0.98mi
100 Rex Ave Palm Springs, FL	2.0	2.0	1000	$1,850	$1.85	26d	3	0.98mi
3769 Mil Race Ct Greenacres, FL	2.0	2.0	921	$2,250	$2.44	26d	1	0.98mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,450	$2.64	26d	1	1.00mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,375	$2.50	23d	1	1.00mi
4290 Royal Banyan Way Unit B Lake Worth Beach, FL	2.0	1.0	900	$2,000	$2.22	26d	1	1.00mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-06-21
   days on market $179,000 Active 12 DOM
2. 2026-06-18
   days on market $179,000 Active 9 DOM
3. 2026-06-17
   days on market $179,000 Active 8 DOM
4. 2026-06-16
   days on market $179,000 Active 7 DOM
5. 2026-06-15
   days on market $179,000 Active 6 DOM
6. 2026-06-13
   days on market $179,000 Active 4 DOM
7. 2026-06-10
   remarks 477-char remark
8. 2026-06-10
   listed $179,000 Active 1 DOM

ⓘ 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: $2,752 · $229/mo
• Projected year-2 tax: $2,752 · $229/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 · 25 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: $23,186
• − Mortgage interest: −$10,027
• − Property taxes: −$2,752
• − Insurance: −$895
• − Repairs & maintenance: −$1,855
• − Management: −$1,855
• − HOA: −$3,600
• − Depreciation: −$5,207
• Taxable loss: −$3,004
• Est. tax savings @ 24.0%: +$721
• After-tax cash flow: $527/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 — Palm Springs

• Score: 73/100
• State rank: #297
• US rank: #5045

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment D+ 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: 49,443
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 49,443
• Household income: $61,963
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 2663.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 59% Two or more races 26% White 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6% Cuban 16% Dominican 2%
• Common ancestry: Hispanic 9% Romanian 1% Lithuanian 1%
• Foreign-born: 52% · Canada, Jamaica
• Languages at home: 31% English-only · Spanish 54% French/Haitian/Cajun 10% 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: ▼ -269.03%
• Current HPI: 493.0041
• Rent YoY: ▼ -2.47%
• 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

+442.4% since first listed

13 events — show timeline

• 2026-06-08 Listed $179,000 Beaches MLS
• 2024-05-13 Sold (Public Records) $184,000 Public Records
• 2024-05-08 Sold (MLS) $184,000 Beaches MLS
• 2024-04-17 Contingent — Beaches MLS
• 2024-03-17 Listed $189,000 Beaches MLS
• 2022-05-10 Sold (Public Records) $155,200 Public Records
• 2022-05-04 Sold (MLS) $155,200 MARMLS
• 2022-04-08 Pending — MARMLS
• 2022-03-30 Listed $135,000 MARMLS
• 2021-04-19 Sold (Public Records) $395,000 Public Records
• 2014-03-06 Sold (Public Records) $18,000 Public Records
• 1996-08-01 Sold (Public Records) $28,000 Public Records
• 1986-12-01 Sold (Public Records) $33,000 Public Records

Property tax history

+10.2%/yr

Latest (2025): $2,752 · +8.6% YoY. Source: county tax records.