141 West Ct · Royal Palm Beach, FL 33411

$163,900

1 bd · 1.0 ba · 648 sqft · Condo public records · 80 Days on market

Built 1967 $334/mo HOA · 20% 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).

• Appreciation +10.0/10.0
• Cash flow +9.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• DSCR +2.7/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

ALL AGE COMMUNITY NOT A 55 YEAR COMMUNITY FULLY REMODLED 1 BEDROOM 1 BATHROOM PLUS A DEN WITH A CARPORT A/C NEW BEAUTIFUL KITCHEN NEW KITCHEN APPLIANCE. . WASHER DRYER IN THE CONDO LARGE GREAT ROOM BACK OF CONDO HAS A AREA YOU CAN MAKE A PATIO CLOSE TO POOL AND COVERED PARKING STEPS AWAY AS IS CONTRACT PRE APPROVED LETTER CASH PROOF OF FUNDS

Key facts

• $334 HOA
• Parking
• Community pool

Property features AI

Finance

• Financial info: Land lease: none; Pets allowed with size limits
• HOA & community: Association (monthly fee) includes cable TV, structural maintenance, and pest control; Association amenities include clubhouse, parking, pool (heated), bocce ball, community room, courtesy bus, internet included, sidewalks, and street lights; Monthly HOA fee: $334

Exterior

• Parking: Assigned parking; Detached carport (1 covered carport space); Asphalt parking surface
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water and sewer available
• Home design: Condominium; Single-story (1 story total); Entry level: 1; Northeast-facing
• Construction: Concrete/Stucco/CBS construction; Flat roof; Slab foundation; Built as resale condition
• Exterior features: Corner lot with sidewalks; Private road frontage (private maintained road); Paved road surface; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Ceramic tile; Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central electric heating; Central air conditioning; Wall/window unit(s); 220 volts electrical service with circuit breakers and three-phase available
• Interior features: Walk-in closet(s); Blinds on windows; Central living area accessibility
• Laundry & utility: Laundry closet with washer hookup on the main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $164k.

Deal economics

• At list price, monthly cash flow is $-115 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (10.1% below list).
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $147k (10.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 79/100 on livability (#135 in FL, #2,039 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: cost of living C-, 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: Cypress Trails Elementary School (math 52% / reading 62%, grade C+, #781 of 2,144 statewide, top 38%, 492 students, 53% FRL); Crestwood Community Middle (math 49% / reading 52%, grade C, #246 of 571 statewide, top 44%, 724 students, 50% FRL); Royal Palm Beach High School (math 22% / reading 38%, grade F, #441 of 667 statewide, top 67%, 2,343 students, 57% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: Rents flat; 583 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 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

• In year one you build about $18k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $164k implies a 368% 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,282 (10.1% 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 80 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.04% ✓
• Cap rate: 5.45%
• Cash-on-cash: -3.00%
• DSCR: 0.87
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: 21.3%
• Equity multiple: 2.71×
• Total profit: $78,557
• Equity at exit: $147,654

10-year hold

• IRR: 18.7%
• Equity multiple: 6.03×
• Total profit: $230,821
• Equity at exit: $318,422

Cash invested: $45,892 (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 33411

• Home prices YoY: 1.9%
• Rents YoY: 0.8%
• Active inventory: 583
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,711 high
• Mortgage (P&I): −$860
• Tax est. 1.5%: −$205 /mo · $2,458/yr
• Insurance: −$68
• HOA: −$334
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $-115

Break-even live

Break-even rent $1,857

Max offer price $147,282

Occupancy floor —

Sensitivity live

Price	-10% $-2	-5% $-58	+0% $-115	+5% $-171	+10% $-228
Rent	-10% $-250	-5% $-182	+0% $-115	+5% $-47	+10% $20
Rate	-1.0pp $-32	-0.5pp $-73	base $-115	+0.5pp $-157	+1.0pp $-201

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: $40,975
• Closing costs: $4,917
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
149 West Ct Royal Palm Beach, FL	1.0	1.0	648	$1,800	$2.78	1d	1	0.02mi
149 West Ct Royal Palm Beach, FL	1.0	1.0	648	$1,800	$2.78	12d	1	0.02mi
12009 Poinciana Blvd #102 Royal Palm Beach, FL	1.0	1.0	660	$1,500	$2.27	26d	1	0.11mi
12021 W Greenway Dr #101 Royal Palm Beach, FL	1.0	1.5	660	$1,400	$2.12	26d	1	0.18mi
11020 Town Cir Wellington, FL	1.0–3.0	1.0–2.0	1013	$2,146	$2.12	3d	14	1.47mi

HOA detail condo

• Monthly dues: $334 · $4,008/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   pricedays on market $163,900 Active 80 DOM
2. 2026-06-18
   days on market $167,500 Active 77 DOM
3. 2026-06-17
   days on market $167,500 Active 76 DOM
4. 2026-06-16
   days on market $167,500 Active 75 DOM
5. 2026-06-15
   days on market $167,500 Active 74 DOM
6. 2026-06-13
   days on market $167,500 Active 72 DOM
7. 2026-06-09
   days on market $167,500 Active 68 DOM
8. 2026-06-08
   days on market $167,500 Active 67 DOM
9. 2026-06-07
   days on market $167,500 Active 66 DOM
10. 2026-06-04
    days on market $167,500 Active 63 DOM
11. 2026-06-03
    days on market $167,500 Active 62 DOM
12. 2026-06-02
    days on market $167,500 Active 61 DOM
13. 2026-06-01
    days on market $167,500 Active 60 DOM
14. 2026-05-31
    days on market $167,500 Active 59 DOM
15. 2026-05-18
    price $167,500
16. 2026-05-01
    price $170,000
17. 2026-04-02
    listed $175,000 Active
18. 2026-03-15
    historical
19. 2025-10-16
    historical
20. 2025-10-14
    listed $180,000 Active
21. 2025-09-23
    listed $195,000 Active
22. 2025-09-17
    historical
23. 2000-12-05
    soldstatus $35,000
24. 2000-11-30
    soldstatus $35,000
25. 2000-10-26
    historical
26. 2000-05-12
    listed $36,900
27. 1994-01-18
    soldstatus $25,000
28. 1993-08-16
    soldstatus $25,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥107°F today · 27 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: $20,534
• − Mortgage interest: −$9,181
• − Property taxes: −$2,458
• − Insurance: −$820
• − Repairs & maintenance: −$1,643
• − Management: −$1,643
• − HOA: −$4,008
• − Depreciation: −$4,768
• Taxable loss: −$3,986
• Est. tax savings @ 24.0%: +$957
• After-tax cash flow: $-421/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 — Royal Palm Beach

• Score: 79/100
• State rank: #135
• US rank: #2039

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Royal Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 75,299
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 76,863
• Household income: $92,591
• Rent vs Own: 20.5% rent · 79.5% own
• Severe rent burden: 1870.0

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 0.70)
• Race & ethnicity: White 44% Hispanic / Latino 24% Black 23% Two or more races 16% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 6% Romanian 2% Italian 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 17% French/Haitian/Cajun 4% 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: ▲ 17.04%
• Current HPI: 903.78
• Rent YoY: ▲ 0.85%
• 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

+570.0% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $167,500 Beaches MLS
• 2026-05-01 Price Changed $170,000 Beaches MLS
• 2026-04-02 Listed $175,000 Beaches MLS
• 2026-03-15 Listing Removed — Beaches MLS
• 2025-10-16 Listing Removed — Beaches MLS
• 2025-10-14 Listed $180,000 Beaches MLS
• 2025-09-23 Listed $195,000 Beaches MLS
• 2025-09-17 Coming Soon — Beaches MLS
• 2000-12-05 Sold (Public Records) $35,000 Public Records
• 2000-11-30 Sold (MLS) $35,000 Beaches MLS
• 2000-10-26 Listing Removed — Beaches MLS
• 2000-05-12 Listed $36,900 Beaches MLS
• 1994-01-18 Sold (Public Records) $25,000 Public Records
• 1993-08-16 Sold (Public Records) $25,000 Public Records

Property tax history

-8.3%/yr

Latest (2025): $186 · +13.3% YoY. Source: county tax records.