14527 Bonaire Blvd #101 · Delray Beach, FL 33446

$143,800

2 bd · 2.0 ba · 1,145 sqft · Condo public records · 131 Days on market

Built 1980 $722/mo HOA · 26% 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
• 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

Listing remarks

Spacious first-floor end unit with bright eat-in kitchen and tranquil canal views from the enclosed patio. The kitchen for your convenience has a in-unit washer/dryer. Primary bedroom has large walk-in closet and dual-sink vanity. Tile floors throughout the unit and convenient location near pool, clubhouse, storage unit and other amenities, with reserved parking near front door. Enjoy the community's inviting clubhouse amenities, featuring a pool, shuffleboard courts, billiards, and a cozy library. Internet, cable, and water are included. Very walkable location, with well-maintained, accessible sidewalks and paths for your enjoyment. Available is the community trolley shuttle to shopping, e

Key facts

• Tile floors
• Walk-in closet
• Dual-sink vanity

Tags

• EAT-IN KITCHEN
• CANAL VIEWS
• IN-UNIT WASHER DRYER
• WALK-IN CLOSET
• DUAL-SINK VANITY
• TILE FLOORS

Property features AI

Finance

• Other: Senior community; Pets not allowed
• HOA & community: Monthly HOA fee (includes cable TV, grounds maintenance, sewer, trash, water, elevator); Community amenities: fitness center, pool, sauna, picnic area, storage, trails, community room, pickleball courts, sidewalks, street lights, trash chute

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Condominium; 7-story building; Southeast-facing
• Construction: Concrete/CBS construction
• Exterior features: Patio; Waterfront location

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Walk-in closets
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $144k.

Deal economics

• At list price, monthly cash flow is $618 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $144k).
• Recommended offer: $127k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 4.3% in Delray 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 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.
• Market conditions: Rents flat; 577 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).
• This rent runs 42% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($994 loan paydown + $988 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.
• At projected returns (0.7% appreciation + 0.5% rent growth), your $40k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y ago; this cycle's ask has dropped $35k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 2→6/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,544 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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. 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?
7. 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?
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: 1.95% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.42%
• DSCR: 1.82
• GRM: 4.3

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: 17.0%
• Equity multiple: 1.83×
• Total profit: $33,400
• Equity at exit: $46,761

10-year hold

• IRR: 18.5%
• Equity multiple: 2.96×
• Total profit: $78,972
• Equity at exit: $60,379

Cash invested: $40,264 (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: 577
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $2,811 high
• Mortgage (P&I): −$754
• Tax from tax record: −$66 /mo · $798/yr
• Insurance: −$60
• HOA: −$722
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $618

Break-even live

Break-even rent $2,028

Max offer price $143,800

Occupancy floor 73%

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: $35,950
• Closing costs: $4,314
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14475 Strathmore Ln Delray Beach, FL	2.0	2.0	1230	$2,422	$1.97	24d	2	0.09mi
14671 Bonaire Blvd #505 Delray Beach, FL	1.0	2.0	925	$1,600	$1.73	24d	1	0.14mi
6866 Huntington Ln #305 Delray Beach, FL	2.0	2.0	1230	$4,500	$3.66	24d	1	0.18mi
14624 Three Ponds Trl Delray Beach, FL	3.0	2.0	1411	$3,250	$2.30	18d	1	0.21mi
14556 Wiley Range Rd Delray Beach, FL	2.0	2.0	1319	$3,000	$2.27	24d	1	0.24mi
6795 Huntington Ln #406 Delray Beach, FL	2.0	2.0	990	$2,500	$2.53	21d	1	0.24mi
32 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.24mi
31 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$1,300	$1.41	24d	1	0.25mi
6557 Country Wood Way Delray Beach, FL	3.0	2.0	1346	$4,700	$3.49	24d	1	0.26mi
6550 Country Wood Way Delray Beach, FL	3.0	2.0	1408	$4,000	$2.84	5d	1	0.27mi
6550 Country Wood Way Delray Beach, FL	3.0	2.0	1408	$4,000	$2.84	24d	1	0.27mi
7076 Huntington Ln #608 Delray Beach, FL	2.0	2.0	1230	$2,600	$2.11	24d	1	0.27mi
23 Abbey Ln #208 Delray Beach, FL	2.0	2.0	925	$1,500	$1.62	3d	1	0.28mi
14534 Highland Center Way Delray Beach, FL	2.0	2.0	1319	$3,400	$2.58	8d	1	0.29mi
21 Abbey Ln #107 Delray Beach, FL	2.0	2.0	925	$1,800	$1.95	15d	1	0.31mi
6396 Country Wood Way Delray Beach, FL	2.0	2.0	1364	$3,000	$2.20	24d	1	0.32mi
6372 Sleepy Willow Way Delray Beach, FL	2.0	2.0	1344	$3,975	$2.96	24d	1	0.33mi
6372 Sleepy Willow Way Delray Beach, FL	2.0	2.0	1344	$3,975	$2.96	15d	1	0.33mi
19 Abbey Ln #206 Delray Beach, FL	2.0	2.0	925	$1,750	$1.89	24d	1	0.34mi
14735 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,350	$2.19	2d	1	0.34mi
20 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,600	$2.81	24d	1	0.35mi
14307 Bedford Dr #302 Delray Beach, FL	2.0	2.0	990	$2,200	$2.22	24d	1	0.35mi
3 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.37mi
7192 Huntington Ln #307 Delray Beach, FL	2.0	2.0	1070	$3,500	$3.27	18d	1	0.37mi
14832 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,500	$2.33	18d	1	0.37mi
14608 Country Side Ln Delray Beach, FL	2.0	2.0	1303	$2,950	$2.26	24d	1	0.38mi
14800 Cumberland Dr Delray Beach, FL	2.0	2.0	1321	$4,048	$3.06	5d	4	0.39mi
14747 Wildflower Ln Delray Beach, FL	2.0	2.0	1229	$2,475	$2.01	24d	1	0.40mi
14828 Golden Jax Ln Unit 8-105 Radiance Delray Beach, FL	2.0	2.0	1321	$3,948	$2.99	15d	1	0.41mi
14828 Golden Jax Ln Unit 8103 Delray Beach, FL	2.0	2.0	1321	$3,949	$2.99	5d	1	0.41mi
14828 Golden Jax Ln Unit 6-105 Radiance Delray Beach, FL	2.0	2.0	1321	$4,148	$3.14	17d	1	0.41mi
14509 Sloan Ridge Dr Unit 10-104 Luminosa Delray Beach, FL	3.0	2.0	1328	$3,827	$2.88	24d	1	0.41mi
6234 Pointe Regal Cir Delray Beach, FL	2.0	2.0	1217	$3,899	$3.20	24d	1	0.43mi
14 Willowbrook Ln #101 Delray Beach, FL	2.0	2.0	1005	$1,700	$1.69	5d	1	0.45mi
6813 Moonlit Dr Delray Beach, FL	2.0	2.0	1148	$2,150	$1.87	24d	1	0.45mi
10 Willowbrook Ln #105 Delray Beach, FL	2.0	2.0	1005	$2,100	$2.09	11d	1	0.47mi
7286 Huntington Ln #105 Delray Beach, FL	2.0	2.0	1070	$3,350	$3.13	24d	1	0.47mi
14747 Cumberland Dr #301 Delray Beach, FL	2.0	2.0	1044	$1,900	$1.82	24d	1	0.49mi
6096 Kings Gate Cir Delray Beach, FL	2.0	2.0	1311	$2,500	$1.91	24d	1	0.53mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL	1.0	2.0	912	$1,850	$2.03	24d	1	0.54mi

HOA detail condo

• Monthly dues: $722 · $8,664/yr
• Likely covers: waterinternetcablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 47 events

1. 2026-06-18
   days on market $143,800 Active 131 DOM
2. 2026-06-17
   days on market $143,800 Active 130 DOM
3. 2026-06-16
   days on market $143,800 Active 129 DOM
4. 2026-06-15
   days on market $143,800 Active 128 DOM
5. 2026-06-13
   days on market $143,800 Active 126 DOM
6. 2026-06-09
   days on market $143,800 Active 122 DOM
7. 2026-06-07
   days on market $143,800 Active 120 DOM
8. 2026-06-04
   days on market $143,800 Active 117 DOM
9. 2026-06-03
   days on market $143,800 Active 116 DOM
10. 2026-06-01
    days on market $143,800 Active 114 DOM
11. 2026-05-31
    days on market $143,800 Active 113 DOM
12. 2026-05-21
    price $143,800
13. 2026-05-13
    price $143,900
14. 2026-04-21
    price $144,000
15. 2026-04-16
    price $145,900
16. 2026-04-06
    price $149,900
17. 2026-03-31
    price $159,900
18. 2026-02-21
    price $169,900
19. 2026-02-07
    listed $179,000 Active
20. 2025-10-23
    historical
21. 2025-08-21
    price $130,000
22. 2025-06-18
    price $150,000
23. 2025-04-08
    price $160,000
24. 2025-03-31
    price $165,000
25. 2025-02-11
    price $168,000
26. 2025-01-26
    price $170,000
27. 2025-01-09
    listed $175,000 Active
28. 2023-11-16
    historical
29. 2023-11-14
    listed $195,000 Active
30. 2018-02-21
    soldstatus $110,000
31. 2018-02-16
    soldstatus $110,000 Closed
32. 2018-02-03
    historical Active Under Contract
33. 2018-02-01
    status Pending
34. 2018-01-23
    price $113,900
35. 2018-01-01
    historical
36. 2018-01-01
    listed $117,900 Active
37. 2017-09-02
    price $110,000
38. 2017-07-15
    price $119,000
39. 2017-06-19
    price $125,000
40. 2017-05-07
    listed $132,000 Active
41. 2016-12-28
    historical
42. 2016-11-28
    price $120,000
43. 2016-10-20
    listed $139,900 Active
44. 2008-06-03
    historical
45. 2007-06-03
    listed $139,900
46. 2005-08-10
    soldstatus $137,000
47. 1992-09-10
    soldstatus $38,500

ⓘ 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: $798 · $66/mo
• Projected year-2 tax: $1,194 · $99/mo
• Expected delta: +$396/yr (+$33/mo · 49.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 2 d/yr ≥107°F today · 6 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,728
• − Mortgage interest: −$8,055
• − Property taxes: −$798
• − Insurance: −$719
• − Repairs & maintenance: −$2,698
• − Management: −$2,698
• − HOA: −$8,664
• − Depreciation: −$4,183
• Taxable income: $5,912
• Est. tax owed @ 24.0%: −$1,419
• After-tax cash flow: $5,996/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

+273.5% since first listed

36 events — show timeline

• 2026-05-21 Price Changed $143,800 Beaches MLS
• 2026-05-13 Price Changed $143,900 Beaches MLS
• 2026-04-21 Price Changed $144,000 Beaches MLS
• 2026-04-16 Price Changed $145,900 Beaches MLS
• 2026-04-06 Price Changed $149,900 Beaches MLS
• 2026-03-31 Price Changed $159,900 Beaches MLS
• 2026-02-21 Price Changed $169,900 Beaches MLS
• 2026-02-07 Listed $179,000 Beaches MLS
• 2025-10-23 Listing Removed — Beaches MLS
• 2025-08-21 Price Changed $130,000 Beaches MLS
• 2025-06-18 Price Changed $150,000 Beaches MLS
• 2025-04-08 Price Changed $160,000 Beaches MLS
• 2025-03-31 Price Changed $165,000 Beaches MLS
• 2025-02-11 Price Changed $168,000 Beaches MLS
• 2025-01-26 Price Changed $170,000 Beaches MLS
• 2025-01-09 Listed $175,000 Beaches MLS
• 2023-11-16 Listing Removed — Beaches MLS
• 2023-11-14 Listed $195,000 Beaches MLS
• 2018-02-21 Sold (Public Records) $110,000 Public Records
• 2018-02-16 Sold (MLS) $110,000 Beaches MLS
• 2018-02-03 Contingent — Beaches MLS
• 2018-02-01 Pending — Beaches MLS
• 2018-01-23 Price Changed $113,900 Beaches MLS
• 2018-01-01 Listing Removed — Beaches MLS
• 2018-01-01 Listed $117,900 Beaches MLS
• 2017-09-02 Price Changed $110,000 Beaches MLS
• 2017-07-15 Price Changed $119,000 Beaches MLS
• 2017-06-19 Price Changed $125,000 Beaches MLS
• 2017-05-07 Listed $132,000 Beaches MLS
• 2016-12-28 Listing Removed — Beaches MLS
• 2016-11-28 Price Changed $120,000 Beaches MLS
• 2016-10-20 Listed $139,900 Beaches MLS
• 2008-06-03 Listing Removed — Beaches MLS
• 2007-06-03 Listed $139,900 Beaches MLS
• 2005-08-10 Sold (Public Records) $137,000 Public Records
• 1992-09-10 Sold (Public Records) $38,500 Public Records

Property tax history

-0.8%/yr

Latest (2025): $798 · +5.8% YoY. Source: county tax records.