301 Pine Ridge Cir Unit B-1 · Greenacres, FL 33463

$165,000

2 bd · 1.5 ba · 935 sqft · Condo public records · 125 Days on market

Built 1979 $423/mo HOA · 22% 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 +11.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• DSCR +3.4/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This move-in ready first-floor corner condo offers 2 bedrooms and 1.5 baths, combining comfort and convenience. The home features impact windows, window coverings, crown molding, and has been meticulously maintained throughout. The well-appointed kitchen is fully equipped and functional, while the spacious laundry room includes a pantry and additional cabinetry for extra storage. A fantastic opportunity to enjoy easy Florida living. Rental: 3-mo min, 4-mo max, 1x per calendar year. No pets or without a service animals protected ada. All measurements are approximate. No financing restrictions, conventional, FHA or Va.

Key facts

• Pantry
• Window coverings
• Crown molding

Tags

• IMPACT WINDOWS
• WINDOW COVERINGS
• CROWN MOLDING
• FULLY EQUIPPED KITCHEN
• SPACIOUS LAUNDRY ROOM
• PANTRY

Property features AI

Finance

• Financial info: Pets allowed with possible restrictions (breed and size limits)
• HOA & community: Monthly HOA fee (approx. $423) covering cable TV, insurance, grounds maintenance, sewer, trash, common areas, and recreation facility; Community amenities include clubhouse, pool, picnic area, shuffleboard court, tennis courts, sidewalks, street lights, and on-site manager; Senior community

Exterior

• Parking: Assigned parking; Guest parking; Open parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Sewer available; Water available
• Home design: Condominium; Multi/split levels (2 stories); Entry-level living area; Facing south; Resale condition
• Construction: CBS construction; Composition/shingle roof; Built as part of a 2-story building
• Exterior features: Covered patio; Patio; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate; Vinyl; Wood
• Bathrooms: 1 full bathroom; 1 half bathroom (2 total)
• Heating & cooling: Central electric heating; Central electric cooling
• Interior features: Built-in features; Walk-in closet(s); Smoke detector(s)
• Laundry & utility: Inside laundry with washer hookup and dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $-52 ($-623/yr) — negative.
• To cash-flow at today's rent, offer at most $156k (5.6% below list).
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#490 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: Liberty Park Elementary School (math 25% / reading 38%, grade F, #1,841 of 2,144 statewide, top 86%, 845 students, 76% 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 72% FRL vs 52% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 50% district-wide (-20 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 (+1.3%/yr); 354 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); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 32% of the median local income ($74k/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

• It's been on market 125 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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

• Watch-outs: HOA is 22% of rent.
• 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 $145,200 (12.0% 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 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — 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 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?
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: 1.19% ✓
• Cap rate: 5.92%
• Cash-on-cash: -1.35%
• DSCR: 0.94
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.33% rent growth · sell at horizon

5-year hold

• IRR: -21.0%
• Equity multiple: 0.29×
• Total profit: $-32,965
• Equity at exit: $24,602

10-year hold

• IRR: -20.3%
• Equity multiple: 0.04×
• Total profit: $-44,529
• Equity at exit: $14,266

Cash invested: $46,200 (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 33463

• Home prices YoY: -30.9%
• Rents YoY: 1.3%
• Active inventory: 354
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,956 high
• Mortgage (P&I): −$865
• Tax from tax record: −$240 /mo · $2,881/yr
• Insurance: −$69
• HOA: −$423
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $-52

Break-even live

Break-even rent $2,022

Max offer price $155,833

Occupancy floor 98%

Sensitivity live

Price	-10% $42	-5% $-5	+0% $-52	+5% $-99	+10% $-145
Rent	-10% $-206	-5% $-129	+0% $-52	+5% $25	+10% $103
Rate	-1.0pp $31	-0.5pp $-10	base $-52	+0.5pp $-95	+1.0pp $-138

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
342 Pine Ridge Cir Unit B2 Greenacres, FL	2.0	1.5	935	$2,200	$2.35	16d	1	0.07mi
3490 La Jardin Ct Unit B2 Greenacres, FL	1.0	1.0	780	$1,385	$1.78	4d	1	0.15mi
5971 La Pinata Blvd Unit B1 Greenacres, FL	2.0	1.0	920	$1,750	$1.90	26d	1	0.29mi
5855 S 37th St Unit 5857 Greenacres, FL	2.0	1.0	747	$1,949	$2.61	1d	1	0.31mi
3808 Inlet Cir #3808 Greenacres, FL	2.0	2.0	992	$2,200	$2.22	0d	1	0.38mi
6061 10th Ave N #242 Greenacres, FL	2.0	2.0	855	$2,000	$2.34	6d	1	0.51mi
6031 10th Ave N #219 Greenacres, FL	3.0	2.0	1078	$2,400	$2.23	6d	1	0.52mi
6023 10th Ave N #114 Greenacres, FL	2.0	2.0	1050	$2,000	$1.90	0d	1	0.57mi
6170 Dodd Rd Unit The Greenacres, FL	2.0	2.0	1000	$2,600	$2.60	26d	1	0.59mi
5775 Fernley Dr W #131 West Palm Beach, FL	2.0	2.0	1072	$2,000	$1.87	13d	1	0.67mi
2980 Crosley Dr E Unit F West Palm Beach, FL	2.0	1.0	829	$1,575	$1.90	1d	1	0.67mi
4191 S 57th Ave Unit H Greenacres, FL	2.0	2.0	847	$1,750	$2.07	26d	1	0.71mi
4181 S 57th Ave Unit D Greenacres, FL	2.0	2.0	847	$1,850	$2.18	26d	1	0.71mi
826 Sky Pine Way Greenacres, FL	2.0–3.0	2.0	1304	$1,800	$1.38	0d	2	0.73mi
4205 S 57th Ave Unit G Greenacres, FL	2.0	2.0	1046	$1,900	$1.82	26d	1	0.74mi
2715 Emory Dr W Unit C West Palm Beach, FL	1.0	1.5	661	$1,425	$2.16	19d	1	0.75mi
813 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1111	$1,725	$1.55	16d	1	0.76mi
813 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1111	$1,725	$1.55	4d	1	0.76mi
2854 Crosley Dr E Unit J West Palm Beach, FL	1.0	1.0	612	$1,300	$2.12	26d	1	0.79mi
3045 Jackson Ave Greenacres, FL	2.0	1.0	900	$1,775	$1.97	26d	1	0.79mi
2783 Dudley Dr E Unit D West Palm Beach, FL	2.0	2.0	910	$1,650	$1.81	18d	1	0.80mi
812 Sky Pine Way Greenacres, FL	2.0	2.0	1064	$2,100	$1.97	26d	1	0.80mi
2805 Crosley Dr E Unit E West Palm Beach, FL	1.0	1.5	662	$1,250	$1.89	26d	1	0.80mi
629 Sea Pine Way Unit D3 Greenacres, FL	2.0	2.0	1005	$2,100	$2.09	24d	1	0.80mi
712 Sunny Pine Way Greenacres, FL	2.0	2.0	1068	$2,150	$2.01	26d	1	0.82mi
2723 Dudley Dr W Unit G West Palm Beach, FL	1.0	1.0	611	$1,300	$2.13	26d	1	0.82mi
811 Sky Pine Way Unit F2 Greenacres, FL	2.0	2.0	1064	$1,550	$1.46	22d	1	0.82mi
2647 Emory Dr W Unit C West Palm Beach, FL	1.0	1.0	612	$1,250	$2.04	26d	1	0.83mi
4904 Dillon St Unit C Greenacres, FL	1.0	1.0	699	$1,450	$2.07	26d	1	0.83mi
628 Sea Pine Way Unit A2 Greenacres, FL	2.0	2.0	1005	$2,100	$2.09	18d	1	0.84mi
802 Sky Pine Way Unit E2 Greenacres, FL	2.0	2.0	1111	$1,750	$1.58	9d	1	0.84mi
5443 Cresthaven Blvd Unit F West Palm Beach, FL	2.0	2.0	910	$1,550	$1.70	4d	1	0.86mi
2625 Emory Dr W Unit F West Palm Beach, FL	2.0	2.0	895	$1,700	$1.90	26d	1	0.86mi
2515 Emory Dr W Unit A West Palm Beach, FL	2.0	2.0	895	$1,750	$1.96	26d	1	0.90mi
2515 Emory Dr W Unit A West Palm Beach, FL	2.0	2.0	895	$1,700	$1.90	4d	1	0.90mi
2607 Dudley Dr W Unit L West Palm Beach, FL	1.0	1.0	611	$1,300	$2.13	9d	1	0.90mi
2951 Ashley Dr W Unit D West Palm Beach, FL	1.0	1.5	662	$1,450	$2.19	18d	1	0.91mi
2951 Ashley Dr W West Palm Beach, FL	1.0	1.5	662	$1,525	$2.30	22d	1	0.91mi
718 Sunny Pine Way Unit H2 Greenacres, FL	2.0	2.0	1111	$2,000	$1.80	22d	1	0.91mi
718 Sunny Pine Way Unit H2 Greenacres, FL	2.0	2.0	1111	$2,000	$1.80	7d	1	0.91mi

HOA detail condo

• Monthly dues: $423 · $5,076/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 35 events

1. 2026-06-21
   days on market $165,000 Active 125 DOM
2. 2026-06-18
   days on market $165,000 Active 122 DOM
3. 2026-06-17
   days on market $165,000 Active 121 DOM
4. 2026-06-16
   days on market $165,000 Active 120 DOM
5. 2026-06-15
   days on market $165,000 Active 119 DOM
6. 2026-06-13
   days on market $165,000 Active 117 DOM
7. 2026-06-09
   days on market $165,000 Active 113 DOM
8. 2026-06-07
   days on market $165,000 Active 111 DOM
9. 2026-06-04
   days on market $165,000 Active 108 DOM
10. 2026-06-03
    days on market $165,000 Active 107 DOM
11. 2026-06-01
    days on market $165,000 Active 105 DOM
12. 2026-05-31
    days on market $165,000 Active 104 DOM
13. 2026-02-16
    listed $165,000 Active
14. 2026-02-02
    historical
15. 2025-04-07
    listed $180,000 Active
16. 2025-03-21
    historical
17. 2024-11-16
    price $190,000
18. 2024-08-30
    price $195,000
19. 2024-08-13
    price $199,000
20. 2024-05-31
    price $205,000
21. 2024-04-05
    price $230,000
22. 2024-03-20
    listed $240,000 Active
23. 2022-11-16
    soldstatus $175,000
24. 2022-11-04
    soldstatus $175,000 Closed
25. 2022-09-09
    historical Active Under Contract
26. 2022-08-18
    listed $199,000 Active
27. 2020-12-04
    soldstatus $105,000 Closed
28. 2020-11-19
    status Pending
29. 2020-11-13
    listed $115,000 Active
30. 2018-04-16
    soldstatus $68,000
31. 2018-04-13
    soldstatus $68,000 Closed
32. 2018-03-13
    status Pending
33. 2018-03-09
    listed $69,000 Active
34. 1997-03-28
    soldstatus $38,000
35. 1991-08-27
    soldstatus $35,000

ⓘ 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: $2,881 · $240/mo
• Projected year-2 tax: $2,881 · $240/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 · 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,471
• − Mortgage interest: −$9,243
• − Property taxes: −$2,881
• − Insurance: −$825
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − HOA: −$5,076
• − Depreciation: −$4,800
• Taxable loss: −$3,108
• Est. tax savings @ 24.0%: +$746
• After-tax cash flow: $123/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 — Greenacres

• Score: 69/100
• State rank: #490
• US rank: #9008

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenacres, FL
• County: Palm Beach County · 1,438,312 people
• City population: 65,478
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 65,478
• Household income: $73,865
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 1466.0

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: Hispanic / Latino 38% Black 29% White 27% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 6% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 15% Romanian 1% Slovak 1%
• Foreign-born: 39% · Canada, Jamaica, China
• Languages at home: 45% English-only · Spanish 32% French/Haitian/Cajun 17% 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: ▼ -175.33%
• Current HPI: 392.055
• Rent YoY: ▲ 1.33%
• 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

+371.4% since first listed

23 events — show timeline

• 2026-02-16 Listed $165,000 Beaches MLS
• 2026-02-02 Listing Removed — Beaches MLS
• 2025-04-07 Listed $180,000 Beaches MLS
• 2025-03-21 Listing Removed — Beaches MLS
• 2024-11-16 Price Changed $190,000 Beaches MLS
• 2024-08-30 Price Changed $195,000 Beaches MLS
• 2024-08-13 Price Changed $199,000 Beaches MLS
• 2024-05-31 Price Changed $205,000 Beaches MLS
• 2024-04-05 Price Changed $230,000 Beaches MLS
• 2024-03-20 Listed $240,000 Beaches MLS
• 2022-11-16 Sold (Public Records) $175,000 Public Records
• 2022-11-04 Sold (MLS) $175,000 Beaches MLS
• 2022-09-09 Contingent — Beaches MLS
• 2022-08-18 Listed $199,000 Beaches MLS
• 2020-12-04 Sold (MLS) $105,000 Beaches MLS
• 2020-11-19 Pending — Beaches MLS
• 2020-11-13 Listed $115,000 Beaches MLS
• 2018-04-16 Sold (Public Records) $68,000 Public Records
• 2018-04-13 Sold (MLS) $68,000 Beaches MLS
• 2018-03-13 Pending — Beaches MLS
• 2018-03-09 Listed $69,000 Beaches MLS
• 1997-03-28 Sold (Public Records) $38,000 Public Records
• 1991-08-27 Sold (Public Records) $35,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $2,881 · -3.1% YoY. Source: county tax records.