9322 N Military Trl · Palm Beach Gardens, FL 33410

$419,000

4 bd · 2.0 ba · 1,503 sqft · SingleFamily public records · 56 Days on market

Built 1962 7,260 sqft lot

---

Why this score? — see what drove the C- 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 +19.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +4.9/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated one level, ranch home right in the heart of Palm Beach Gardens! 2 Bedroom, 1.5 Bath CBS home with a Oversized Fenced in Yard! Features Open Living Room & Dining Room that extends into Large Florida Room that has separate A/C & ceramic Tile with sliders out to Patio & Large fenced in yard! With plenty of room for a pool. Upgrades include: Ceramic planked flooring throughout living area & Bedrooms (No Carpets!), Newer A/C, Roof Replaced in 2006, Water Heater (2015) & just completely repainted & added new Landscaping! New 1 Car Garage added in 2014 + circular driveway. Extra recessed lighting & ceiling fans throughout. Great Neighborhood , Non HOA Community & conveniently located close to shopping, dining, parks & minutes away from I-95.

Key facts

• 7,260 sq ft lot
• Garage
• Built 1962

Property features AI

Exterior

• Parking: Attached 1-car garage; Covered parking for 1 vehicle; Circular driveway; Garage door opener
• Utilities: Public water; Public sewer; Electricity available; Cable available
• Home design: Single-family residence; Single story; Resale property; Faces west
• Construction: Built with CBS construction materials; Composition/Shingle roof
• Exterior features: Back yard with fencing; Fenced lot; Sidewalks; Paved road access; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Gas water heater
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom; 1 half bathroom (2 total bathrooms on main level)
• Heating & cooling: Central heating; Central air conditioning; Ceiling paddle fans
• Interior features: Unfurnished; Blinds; Single-hung metal windows; Sliding windows
• Laundry & utility: Indoor laundry with utility tub

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $419k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $413k (1.5% below list).
• Recommended offer: $406k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#464 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.
• Market conditions: Rents rising (+2.5%/yr); 303 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $4,129/mo this rent would consume 52% of the median local household income ($95k/yr) (locally 1429% 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 $3k of loan paydown is wiped out by about $13k 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

• It's been on market 56 days — a 3% lower offer ($406k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $406,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 7.68%
• Cash-on-cash: 4.94%
• DSCR: 1.22
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.49% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-39,260
• Equity at exit: $62,474

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-3,186
• Equity at exit: $36,227

Cash invested: $117,320 (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 33410

• Rents YoY: 2.5%
• Active inventory: 303
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $4,129 high
• Mortgage (P&I): −$2,197
• Tax from tax record: −$407 /mo · $4,887/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$867
• Net cashflow: $483

Break-even live

Break-even rent $3,518

Max offer price $419,000

Occupancy floor 83%

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: $104,750
• Closing costs: $12,570
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4538 Arthur St Palm Beach Gardens, FL	3.0	2.0	1336	$2,900	$2.17	24d	1	0.09mi
4358 Birdwood St Palm Beach Gardens, FL	3.0	2.0	1232	$5,000	$4.06	24d	1	0.14mi
4292 Birdwood St Palm Beach Gardens, FL	3.0	2.0	1232	$3,800	$3.08	24d	1	0.20mi
4295 Crestdale St Palm Beach Gardens, FL	3.0	2.0	1366	$4,500	$3.29	24d	1	0.22mi
9147 Reed Dr Unit A Palm Beach Gardens, FL	3.0	2.0	1400	$3,400	$2.43	5d	1	0.28mi
9627 Althea Way Palm Beach Gardens, FL	3.0	2.0	1540	$6,200	$4.03	24d	1	0.29mi
9121 E Highland Pines Dr Palm Beach Gardens, FL	3.0	2.0	1540	$2,950	$1.92	18d	1	0.30mi
9507 Bellewood St Palm Beach Gardens, FL	3.0	2.0	1200	$5,000	$4.17	19d	1	0.31mi
9130 E Highland Pines Blvd Unit 1326856P Palm Beach Gardens, FL	2.0–4.0	2.0–4.0	1721	$7,420	$4.31	2d	2	0.34mi
9519 Birmingham Dr Palm Beach Gardens, FL	4.0	2.0	1355	$3,195	$2.36	5d	1	0.46mi
9446 Birmingham Dr Palm Beach Gardens, FL	3.0	2.0	1092	$3,250	$2.98	5d	1	0.46mi
4193 Hyacinth Cir N Palm Beach Gardens, FL	4.0	2.0	1640	$7,500	$4.57	24d	1	0.63mi
4317 Honeysuckle Ave Palm Beach Gardens, FL	4.0	2.0	1885	$3,291	$1.75	14d	1	0.64mi
3836 Dove Landing Rd West Palm Beach, FL	4.0	2.0	1790	$3,400	$1.90	24d	1	0.65mi
3836 Dove Landing Rd West Palm Beach, FL	4.0	2.0	1790	$3,400	$1.90	7d	1	0.65mi
10044 Dasheen Ave Palm Beach Gardens, FL	4.0	2.0	1642	$4,500	$2.74	24d	1	0.94mi
321 Sandtree Dr Palm Beach Gardens, FL	3.0	2.5	1480	$3,000	$2.03	10d	1	0.98mi
321 Sandtree Dr Palm Beach Gardens, FL	3.0	2.5	1480	$3,000	$2.03	24d	1	0.98mi
8617 Pluto Ter West Palm Beach, FL	3.0	2.0	1560	$3,999	$2.56	24d	1	1.08mi
810 Sandtree Dr Palm Beach Gardens, FL	4.0	2.5	1800	$3,400	$1.89	24d	1	1.11mi
337 Balsam St Palm Beach Gardens, FL	4.0	2.0	1426	$5,500	$3.86	18d	1	1.26mi
343 Balsam St Palm Beach Gardens, FL	4.0	2.0	1414	$4,000	$2.83	24d	1	1.27mi
379 Garden Blvd Palm Beach Gardens, FL	4.0	2.0	1642	$4,500	$2.74	24d	1	1.31mi

Listing history 38 events

1. 2026-06-18
   days on market $419,000 Active 56 DOM
2. 2026-06-17
   pricedays on market $419,000 Active 55 DOM
3. 2026-06-16
   days on market $429,000 Active 54 DOM
4. 2026-06-15
   days on market $429,000 Active 53 DOM
5. 2026-06-13
   pricedays on market $429,000 Active 51 DOM
6. 2026-06-09
   days on market $439,000 Active 47 DOM
7. 2026-06-08
   days on market $439,000 Active 46 DOM
8. 2026-06-07
   days on market $439,000 Active 45 DOM
9. 2026-06-04
   days on market $439,000 Active 42 DOM
10. 2026-06-03
    days on market $439,000 Active 41 DOM
11. 2026-06-02
    days on market $439,000 Active 40 DOM
12. 2026-06-01
    days on market $439,000 Active 39 DOM
13. 2026-05-31
    days on market $439,000 Active 38 DOM
14. 2026-04-23
    status Active
15. 2025-12-08
    historical
16. 2025-12-03
    historical $439,000
17. 2022-07-25
    soldstatus $374,000 Closed
18. 2022-06-22
    historical Active Under Contract
19. 2022-06-17
    price $385,900
20. 2022-06-10
    listed $399,900 Active
21. 2016-09-20
    soldstatus $188,000
22. 2016-09-15
    soldstatus $188,000 Closed 791-char remark

    Show marketing remark (791 chars)

    Updated one level, ranch home right in the heart of Palm Beach Gardens! 2 Bedroom, 1.5 Bath CBS home with a Oversized Fenced in Yard! Features Open Living Room & Dining Room that extends into Large Florida Room that has separate A/C & ceramic Tile with sliders out to Patio & Large fenced in yard! With plenty of room for a pool. Upgrades include: Ceramic planked flooring throughout living area & Bedrooms (No Carpets!), Newer A/C, Roof Replaced in 2006, Water Heater (2015) & just completely repainted & added new Landscaping! New 1 Car Garage added in 2014 + circular driveway. Extra recessed lighting & ceiling fans throughout. Great Neighborhood , Non HOA Community & conveniently located close to shopping, dining, parks & minutes away from I-95.

23. 2016-08-01
    historical Contingent 791-char remark

    Show marketing remark (791 chars)

    Updated one level, ranch home right in the heart of Palm Beach Gardens! 2 Bedroom, 1.5 Bath CBS home with a Oversized Fenced in Yard! Features Open Living Room & Dining Room that extends into Large Florida Room that has separate A/C & ceramic Tile with sliders out to Patio & Large fenced in yard! With plenty of room for a pool. Upgrades include: Ceramic planked flooring throughout living area & Bedrooms (No Carpets!), Newer A/C, Roof Replaced in 2006, Water Heater (2015) & just completely repainted & added new Landscaping! New 1 Car Garage added in 2014 + circular driveway. Extra recessed lighting & ceiling fans throughout. Great Neighborhood , Non HOA Community & conveniently located close to shopping, dining, parks & minutes away from I-95.

24. 2016-07-12
    listed $199,900 Active 791-char remark

    Show marketing remark (791 chars)

    Updated one level, ranch home right in the heart of Palm Beach Gardens! 2 Bedroom, 1.5 Bath CBS home with a Oversized Fenced in Yard! Features Open Living Room & Dining Room that extends into Large Florida Room that has separate A/C & ceramic Tile with sliders out to Patio & Large fenced in yard! With plenty of room for a pool. Upgrades include: Ceramic planked flooring throughout living area & Bedrooms (No Carpets!), Newer A/C, Roof Replaced in 2006, Water Heater (2015) & just completely repainted & added new Landscaping! New 1 Car Garage added in 2014 + circular driveway. Extra recessed lighting & ceiling fans throughout. Great Neighborhood , Non HOA Community & conveniently located close to shopping, dining, parks & minutes away from I-95.

25. 2013-09-19
    soldstatus $134,900
26. 2013-07-02
    historical
27. 2013-06-04
    historical Contingent
28. 2013-05-28
    price $134,900 Price Change
29. 2013-05-14
    price $140,000 Price Change
30. 2013-04-19
    price $145,000 Price Change
31. 2012-12-28
    listed $198,000 Active
32. 2006-07-26
    soldstatus $234,500
33. 2006-07-24
    soldstatus $234,500
34. 2006-06-21
    historical
35. 2006-02-01
    listed $239,000
36. 1999-01-04
    soldstatus $81,500
37. 1996-12-05
    soldstatus $71,500
38. 1982-02-01
    soldstatus $49,000

ⓘ 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: $4,887 · $407/mo
• Projected year-2 tax: $4,887 · $407/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 ≥106°F today · 24 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,548
• − Mortgage interest: −$23,471
• − Property taxes: −$4,887
• − Insurance: −$2,095
• − Repairs & maintenance: −$3,964
• − Management: −$3,964
• − Depreciation: −$12,189
• Taxable loss: −$1,020
• Est. tax savings @ 24.0%: +$245
• After-tax cash flow: $6,039/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 Beach Gardens

• Score: 69/100
• State rank: #464
• US rank: #8366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Beach Gardens, FL
• County: Palm Beach County · 1,438,312 people
• City population: 96,294
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 36,759
• Household income: $94,530
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 1429.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 15% Two or more races 13% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 13% French/Haitian/Cajun 3% 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: ▼ -346.12%
• Current HPI: 375.5381
• Rent YoY: ▲ 2.49%
• 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

+795.9% since first listed

25 events — show timeline

• 2026-04-23 Relisted — Beaches MLS
• 2025-12-08 Listing Removed — Beaches MLS
• 2025-12-03 Coming Soon $439,000 Beaches MLS
• 2022-07-25 Sold (MLS) $374,000 Beaches MLS
• 2022-06-22 Contingent — Beaches MLS
• 2022-06-17 Price Changed $385,900 Beaches MLS
• 2022-06-10 Listed $399,900 Beaches MLS
• 2016-09-20 Sold (Public Records) $188,000 Public Records
• 2016-09-15 Sold (MLS) $188,000 Beaches MLS
• 2016-08-01 Contingent — Beaches MLS
• 2016-07-12 Listed $199,900 Beaches MLS
• 2013-09-19 Sold (Public Records) $134,900 Public Records
• 2013-07-02 Listing Removed — Beaches MLS
• 2013-06-04 Contingent — Beaches MLS
• 2013-05-28 Price Changed $134,900 Beaches MLS
• 2013-05-14 Price Changed $140,000 Beaches MLS
• 2013-04-19 Price Changed $145,000 Beaches MLS
• 2012-12-28 Listed $198,000 Beaches MLS
• 2006-07-26 Sold (Public Records) $234,500 Public Records
• 2006-07-24 Sold (MLS) $234,500 Beaches MLS
• 2006-06-21 Listing Removed — Beaches MLS
• 2006-02-01 Listed $239,000 Beaches MLS
• 1999-01-04 Sold (Public Records) $81,500 Public Records
• 1996-12-05 Sold (Public Records) $71,500 Public Records
• 1982-02-01 Sold (Public Records) $49,000 Public Records

Property tax history

+10.1%/yr

Latest (2025): $4,887 · +1.2% YoY. Source: county tax records.