728 Talladega St · West Palm Beach, FL 33405

$429,000

2 bd · 1.0 ba · 852 sqft · SingleFamily public records · 41 Days on market

Built 1925 5,662 sqft lot Est $337k · 27% over

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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 +14.5/30.0
• DSCR +4.4/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• 1% rule +3.7/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

**Contractor/Handyman Special** 2 bedroom, 1 bath with carport home centrally located in West Palm Beach. Needs full renovation. Close to I-95, PB International Airport and Downtown West Palm Beach. Property is sold AS-IS.

Key facts

• 5,662 sq ft lot
• 2 parking spots
• Built 1925

Property features AI

Finance

• Other: Lot dimensions approximately 50 x 110; Not waterfront
• Financial info: No investor or income/expense details listed
• HOA & community: Pets allowed (restrictions possible)

Exterior

• Parking: Detached carport; 2 covered/carport spaces; Driveway; Gravel parking
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Natural gas connected; Sewer connected; Water connected
• Home design: Single-family residence; Resale condition; One-story; Faces north
• Construction: Wood frame construction; Shingle roof; Built with frame materials
• Exterior features: Covered patio; Patio

Interior

• Kitchen: Dishwasher; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Electric heating; Central individual heating; Central air conditioning; Electric cooling
• Interior features: No interior-specific features listed
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $429k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/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 $374k (12.9% below list).
• Recommended offer: $374k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.8% 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: Belvedere Elementary School (math 33% / reading 37%, grade F, #1,697 of 2,144 statewide, top 80%, 477 students, 79% FRL); Conniston Middle School (math 35% / reading 38%, grade F, #405 of 571 statewide, top 72%, 1,075 students, 74% FRL); Forest Hill Community High School (math 20% / reading 41%, grade F, #434 of 667 statewide, top 66%, 2,407 students, 66% FRL) — zoned schools average 73% FRL vs 52% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 50% district-wide (-16 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 (+3.4%/yr); 211 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).

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 41 days — a 3% lower offer ($416k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 27y 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 $92k; list at $429k implies a 364% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $373,686 (12.9% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.87% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.91%
• DSCR: 1.04
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $337,392
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
627 Avenida Alegre	0.44mi	2/1.0	978 (+15%)	19mo	$387,000	$396	39

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.48×
• Total profit: $-62,031
• Equity at exit: $63,965

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-39,657
• Equity at exit: $37,092

Cash invested: $120,120 (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 33405

• Rents YoY: 3.4%
• Active inventory: 211
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $3,737 high
• Mortgage (P&I): −$2,250
• Tax from tax record: −$432 /mo · $5,185/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$785
• Net cashflow: $92

Break-even live

Break-even rent $3,621

Max offer price $429,000

Occupancy floor 93%

Sensitivity live

Price	-10% $334	-5% $213	+0% $92	+5% $-30	+10% $-151
Rent	-10% $-204	-5% $-56	+0% $92	+5% $239	+10% $387
Rate	-1.0pp $308	-0.5pp $201	base $92	+0.5pp $-20	+1.0pp $-133

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: $107,250
• Closing costs: $12,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
904 Ortega Rd West Palm Beach, FL	3.0	1.0	910	$3,500	$3.85	7d	1	0.26mi
3111 S Dixie Hwy West Palm Beach, FL	3.0	1.0–2.0	1024	$4,199	$4.10	0d	15	0.31mi
3331 Lake Ave West Palm Beach, FL	2.0	1.0	775	$3,500	$4.52	26d	1	0.38mi
240 Almeria Rd West Palm Beach, FL	3.0	3.0	1092	$9,000	$8.24	5d	1	0.48mi
1050 Blanche St West Palm Beach, FL	2.0	1.0–2.0	740	$3,374	$4.56	4d	8	0.78mi
1713 Florida Ave Unit A2 West Palm Beach, FL	2.0	1.0	888	$3,500	$3.94	26d	1	0.79mi
1801 S Flagler Dr #11 West Palm Beach, FL	1.0	1.5	1075	$6,500	$6.05	26d	1	0.92mi
1801 S Flagler Dr #1104 West Palm Beach, FL	2.0	2.0	1086	$3,750	$3.45	1d	1	0.92mi
1500 Centrepark Blvd West Palm Beach, FL	2.0	1.0–2.0	862	$3,015	$3.50	1d	18	1.02mi
1501 S Flagler Dr Unit 5G West Palm Beach, FL	2.0	2.0	1115	$4,500	$4.04	7d	1	1.07mi
733 Green St West Palm Beach, FL	2.0	1.0	1116	$3,400	$3.05	4d	1	1.25mi
550 Okeechobee Blvd Unit Mph-16 West Palm Beach, FL	1.0	1.0	755	$4,800	$6.36	26d	1	1.27mi
550 Okeechobee Blvd Unit Lph-06 West Palm Beach, FL	2.0	2.0	1120	$8,800	$7.86	26d	1	1.27mi
550 Okeechobee Blvd Unit Mph-16 West Palm Beach, FL	1.0	1.0	755	$4,800	$6.36	9d	1	1.27mi
550 Okeechobee Blvd Unit Uph-03 West Palm Beach, FL	2.0	2.0	1120	$8,000	$7.14	26d	1	1.27mi
550 Okeechobee Blvd #612 West Palm Beach, FL	1.0	1.0	755	$5,000	$6.62	26d	1	1.29mi
550 Okeechobee Blvd #1407 West Palm Beach, FL	2.0	2.0	1120	$4,250	$3.79	26d	1	1.29mi
550 Okeechobee Blvd #504 West Palm Beach, FL	2.0	2.0	1120	$3,700	$3.30	26d	1	1.29mi
550 Okeechobee Blvd #1409 West Palm Beach, FL	2.0	2.0	1120	$10,000	$8.93	26d	1	1.29mi
550 Okeechobee Blvd #1605 West Palm Beach, FL	2.0	2.0	1120	$4,000	$3.57	6d	1	1.29mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$3,375	$3.21	26d	3	1.35mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1078	$3,998	$3.71	4d	6	1.35mi
651 Okeechobee Blvd West Palm Beach, FL	1.0–2.0	1.0–2.5	887	$5,000	$5.63	15d	5	1.35mi
651 Okeechobee Blvd Unit 651 West Palm Beach, FL	2.0	2.0	1040	$3,000	$2.88	18d	1	1.35mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$4,050	$3.86	3d	5	1.35mi
651 Okeechobee Blvd West Palm Beach, FL	2.0	2.0–2.5	1050	$3,500	$3.33	23d	2	1.35mi
801 S Olive Ave #414 West Palm Beach, FL	1.0	1.5	968	$3,200	$3.31	15d	1	1.38mi
801 S Olive Ave #207 West Palm Beach, FL	1.0	1.5	1071	$3,350	$3.13	1d	1	1.38mi
801 S Olive Ave #433 West Palm Beach, FL	1.0	2.0	1071	$10,000	$9.34	26d	1	1.38mi
801 S Olive Ave #408 West Palm Beach, FL	1.0	1.5	1071	$3,950	$3.69	26d	1	1.38mi
801 S Olive Ave #434 West Palm Beach, FL	1.0	1.5	1071	$3,500	$3.27	20d	1	1.38mi
801 S Olive Ave #223 West Palm Beach, FL	1.0	1.5	889	$3,100	$3.49	26d	1	1.38mi
801 S Olive Ave #425 West Palm Beach, FL	1.0	1.5	929	$3,750	$4.04	15d	1	1.38mi
801 S Olive Ave #207 West Palm Beach, FL	1.0	1.5	1071	$3,350	$3.13	15d	1	1.38mi
780 S Sapodilla Ave West Palm Beach, FL	2.0	2.0	1120	$5,125	$4.58	9d	2	1.38mi
720 S Sapodilla Ave #502 West Palm Beach, FL	2.0	2.0	1120	$3,750	$3.35	26d	1	1.42mi
701 S Olive Ave West Palm Beach, FL	1.0–2.0	1.5–2.5	1228	$10,000	$8.14	0d	13	1.43mi
630 S Sapodilla Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	948	$3,950	$4.17	26d	2	1.47mi
630 S Sapodilla Ave West Palm Beach, FL	1.0–2.0	1.0–2.0	948	$3,950	$4.17	19d	3	1.47mi
480 Hibiscus St West Palm Beach, FL	1.0–2.0	1.5–2.0	885	$4,850	$5.48	26d	3	1.47mi

Listing history 44 events

1. 2026-06-21
   days on market $429,000 Active 41 DOM
2. 2026-06-18
   days on market $429,000 Active 38 DOM
3. 2026-06-17
   days on market $429,000 Active 37 DOM
4. 2026-06-16
   days on market $429,000 Active 36 DOM
5. 2026-06-15
   days on market $429,000 Active 35 DOM
6. 2026-06-13
   days on market $429,000 Active 33 DOM
7. 2026-06-09
   days on market $429,000 Active 29 DOM
8. 2026-06-08
   days on market $429,000 Active 28 DOM
9. 2026-06-07
   days on market $429,000 Active 27 DOM
10. 2026-06-04
    days on market $429,000 Active 24 DOM
11. 2026-06-03
    days on market $429,000 Active 23 DOM
12. 2026-06-02
    days on market $429,000 Active 22 DOM
13. 2026-06-01
    days on market $429,000 Active 21 DOM
14. 2026-05-31
    days on market $429,000 Active 20 DOM
15. 2026-05-11
    listed $429,000 Active
16. 2026-04-29
    listed $2,500
17. 2025-12-12
    historical $2,200
18. 2025-12-10
    price $2,200
19. 2025-12-03
    listed $2,300
20. 2025-12-02
    historical $2,300
21. 2025-12-02
    listed $2,300
22. 2018-02-15
    soldstatus $92,500
23. 2018-02-12
    soldstatus $92,500 Closed 222-char remark

    Show marketing remark (222 chars)

    **Contractor/Handyman Special** 2 bedroom, 1 bath with carport home centrally located in West Palm Beach. Needs full renovation. Close to I-95, PB International Airport and Downtown West Palm Beach. Property is sold AS-IS.

24. 2017-12-13
    historical Contingent 222-char remark

    Show marketing remark (222 chars)

    **Contractor/Handyman Special** 2 bedroom, 1 bath with carport home centrally located in West Palm Beach. Needs full renovation. Close to I-95, PB International Airport and Downtown West Palm Beach. Property is sold AS-IS.

25. 2017-11-13
    listed $99,000 Active 222-char remark

    Show marketing remark (222 chars)

    **Contractor/Handyman Special** 2 bedroom, 1 bath with carport home centrally located in West Palm Beach. Needs full renovation. Close to I-95, PB International Airport and Downtown West Palm Beach. Property is sold AS-IS.

26. 2013-09-21
    historical
27. 2012-07-23
    historical
28. 2011-08-12
    listed $255,000
29. 2010-09-08
    historical
30. 2008-09-30
    listed $100,000
31. 2006-09-13
    listed $255,000
32. 2006-06-06
    soldstatus $200,000
33. 2002-10-24
    soldstatus $74,900
34. 2002-10-18
    soldstatus $74,850
35. 2002-09-22
    historical
36. 2002-07-26
    listed $79,900
37. 2002-07-11
    soldstatus $46,000
38. 1999-12-01
    soldstatus $43,000
39. 1999-11-23
    soldstatus $43,000
40. 1999-10-13
    historical
41. 1999-10-05
    listed $47,000
42. 1995-10-02
    soldstatus $35,000
43. 1987-11-01
    soldstatus $38,500
44. 1986-06-01
    soldstatus $26,000

ⓘ 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: $5,185 · $432/mo
• Projected year-2 tax: $5,185 · $432/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 · 26 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

Taxation est. · year 1

• Rental income: $44,842
• − Mortgage interest: −$24,031
• − Property taxes: −$5,185
• − Insurance: −$2,145
• − Repairs & maintenance: −$3,587
• − Management: −$3,587
• − Depreciation: −$12,480
• Taxable loss: −$6,173
• Est. tax savings @ 24.0%: +$1,482
• After-tax cash flow: $2,580/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 — 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 · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 19,780
• Household income: $87,341
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 1055.0

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: Majority Hispanic (51%)
• Race & ethnicity: Hispanic / Latino 51% White 44% Two or more races 24% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 5% Cuban 17% Dominican 2%
• Common ancestry: Scotch-Irish 2% Slovak 2% Romanian 2%
• Foreign-born: 37% · Canada, Guatemala, Jamaica
• Languages at home: 50% English-only · Spanish 44% Other Indo-European 2% French/Haitian/Cajun 1%

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: ▼ -662.68%
• Current HPI: 509.781
• Rent YoY: ▲ 3.44%
• 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

+1550.0% since first listed

30 events — show timeline

• 2026-05-11 Listed $429,000 Beaches MLS
• 2026-04-29 Listed for Rent $2,500 RMLSFL
• 2025-12-12 Rental Removed $2,200 GFLMLS
• 2025-12-10 Price Changed $2,200 GFLMLS
• 2025-12-03 Listed for Rent $2,300 GFLMLS
• 2025-12-02 Rental Removed $2,300 RMLSFL
• 2025-12-02 Listed for Rent $2,300 RMLSFL
• 2018-02-15 Sold (Public Records) $92,500 Public Records
• 2018-02-12 Sold (MLS) $92,500 Beaches MLS
• 2017-12-13 Contingent — Beaches MLS
• 2017-11-13 Listed $99,000 Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2012-07-23 Listing Removed — Beaches MLS
• 2011-08-12 Listed $255,000 Beaches MLS
• 2010-09-08 Listing Removed — Beaches MLS
• 2008-09-30 Listed $100,000 Beaches MLS
• 2006-09-13 Listed $255,000 Beaches MLS
• 2006-06-06 Sold (Public Records) $200,000 Public Records
• 2002-10-24 Sold (Public Records) $74,900 Public Records
• 2002-10-18 Sold (MLS) $74,850 Beaches MLS
• 2002-09-22 Listing Removed — Beaches MLS
• 2002-07-26 Listed $79,900 Beaches MLS
• 2002-07-11 Sold (Public Records) $46,000 Public Records
• 1999-12-01 Sold (Public Records) $43,000 Public Records
• 1999-11-23 Sold (MLS) $43,000 Beaches MLS
• 1999-10-13 Listing Removed — Beaches MLS
• 1999-10-05 Listed $47,000 Beaches MLS
• 1995-10-02 Sold (Public Records) $35,000 Public Records
• 1987-11-01 Sold (Public Records) $38,500 Public Records
• 1986-06-01 Sold (Public Records) $26,000 Public Records

Property tax history

+9.0%/yr

Latest (2025): $5,185 · +12.6% YoY. Source: county tax records.