14623 Bonaire Blvd #604 · Delray Beach, FL
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 8/10 · Major
- Hot days now (above 107°F)
- 2 days/yr
- Hot days in 30 yrs
- 6 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +5.2/10.0
- Livability +3.9/5.0
- Condition / age +3.8/5.0
- Rent growth +2.6/5.0
$65,000
14623 Bonaire Blvd #604 · Delray Beach, FL 33446
1 bd · 2.0 ba · 925 sqft · Condo
public records
· 354 Days on market
Built 1979
$70/sqft
· 57% below area
$700/mo HOA · 35% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
All Offers Considered Welcome to breathtaking 6th Floor evening Sunsets & calming Water views! Florida comfort awaits you. Minutes to downtown Delray Beach and beaches (named the prestigious All-American City 3 times 1993, 2001, 2017 -and- most recently #1 Best Beach in FL by USA Today Reader's Choice Award). Entertainment, restaurants, oceanfront dining, shopping, arts and entertainment. Under 25 miles to Palm Beach International Airport and downtown West Palm Beach, under 37 miles to Fort Lauderdale. Recently renovated Clubhouse and Pool direct walk across the street from Building. Famed Green Cay Nature Center and Wetlands just minutes.
Key facts
- Pool direct walk
- 6th floor views
- $700 HOA
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 1-bed/2.0-bath condo listed at $65k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $393 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $65k).
- Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.6% vs local median 4.1% 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.
- Zoned schools: Hagen Road Elementary School (math 55% / reading 63%, grade B-, #722 of 2,144 statewide, top 34%, 773 students, 46% FRL); Carver Middle School (math 22% / reading 34%, grade F, #486 of 571 statewide, top 86%, 732 students, 73% FRL); Spanish River Community High School (math 64% / reading 74%, grade B, #63 of 667 statewide, top 10%, 2,578 students, 25% FRL) — zoned schools at 48% FRL track the district average.
- Market conditions: Rents flat; 810 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 54d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
- This rent runs 30% 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 $895 of equity ($449 loan paydown + $446 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 $18k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 354 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
- Current owner paid $25k; list at $65k implies a 160% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 35% 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
$57,200
(12.0% below list)
Questions for the listing agent
- It's been on market 354 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 3.11% ✓
- Cap rate
- 13.55%
- Cash-on-cash
- 25.93%
- DSCR
- 2.15
- GRM
- 2.7
CMA / ARV
- ARV (median comp)
- $151,491
- List price
- $65,000
- Delta
- -57.09%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 33 Abbey Ln #207 | 0.17mi | 2/2.0 (+1) | 925 (0%) | 0mo | $100,000 | $108 | 87 |
| 10 Willowbrook #205 | 0.37mi | 2/2.0 (+1) | 1,005 (+9%) | 0mo | $142,500 | $142 | 63 |
| 84 Saxony B | 1.30mi | 2/2.0 (+1) | 880 (-5%) | 0mo | $72,500 | $82 | 52 |
| 14519 Canalview Dr Unit B | 1.23mi | 1/2.0 | 1,068 (+16%) | 0mo | $172,000 | $161 | 40 |
| 887 Normandy S | 1.05mi | 1/1.5 | 760 (-18%) | 0mo | $42,000 | $55 | 38 |
| 251 Seville K #251 | 0.83mi | 1/1.5 | 720 (-22%) | 0mo | $94,000 | $131 | 38 |
| 142 Monaco C | 1.08mi | 1/1.5 | 720 (-22%) | 0mo | $59,000 | $82 | 38 |
| 161 Normandy Ln | 1.05mi | 1/1.5 | 760 (-18%) | 0mo | $72,000 | $95 | 38 |
| 87 Brittany B Ave Unit B | 1.08mi | 1/1.5 | 720 (-22%) | 0mo | $45,000 | $63 | 38 |
| 5884 Morningstar Cir #406 | 0.82mi | 2/2.0 (+1) | 1,113 (+20%) | 0mo | $149,000 | $134 | 35 |
| 7321 Amberly Ln #302 | 0.75mi | 2/2.0 (+1) | 1,080 (+17%) | 0mo | $227,000 | $210 | 35 |
| 15451 Pembridge Dr #206 | 1.32mi | 2/2.0 (+1) | 1,150 (+24%) | 0mo | $208,000 | $181 | 35 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
0.69% appreciation · 0.51% rent growth · sell at horizon
5-year hold
- IRR
- 23.7%
- Equity multiple
- 2.14×
- Total profit
- $20,831
- Equity at exit
- $21,137
10-year hold
- IRR
- 24.1%
- Equity multiple
- 3.42×
- Total profit
- $44,124
- Equity at exit
- $27,292
Cash invested: $18,200 (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.
Active competition Active MLS
- For sale now
- 7 active · 12 under contract
- Median asking
- $118,999 ($129/sqft)
- Median days on market
- 130 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +27.3% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33446
- Home prices YoY
- 0.3%
- Rents YoY
- 0.5%
- Active inventory
- 810
- Price-to-rent
- 2.7×
Monthly cashflow live
↻
- Estimated rent
- $2,020 high interval (Pro) →
- Mortgage (P&I)
- −$341
- Tax from tax record
- −$135 /mo · $1,615/yr
- Insurance
- −$27
- HOA
- −$700
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$424
- Net cashflow
- $393
Break-even live
Break-even rent
$1,522
Max offer price
$65,000
Occupancy floor
76%
Sensitivity live
| Price | -10% $430 | -5% $412 | +0% $393 | +5% $375 | +10% $357 |
|---|---|---|---|---|---|
| Rent | -10% $234 | -5% $314 | +0% $393 | +5% $473 | +10% $553 |
| Rate | -1.0pp $426 | -0.5pp $410 | base $393 | +0.5pp $376 | +1.0pp $359 |
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
- $16,250
- Closing costs
- $1,950
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 14623 Bonaire Blvd #502 Delray Beach, FL | 2.0 | 2.0 | 1060 | $1,750 | $1.65 | 3d | 1 | 0.02mi |
| 14623 Bonaire Blvd Delray Beach, FL | 1.0 | 2.0 | 925 | $1,800 | $1.95 | 39d | 1 | 0.02mi |
| 14671 Bonaire Blvd #505 Delray Beach, FL | 1.0 | 2.0 | 925 | $1,600 | $1.73 | 120d | 1 | 0.06mi |
| 14671 Bonaire Blvd #709 Delray Beach, FL | 2.0 | 2.0 | 1060 | $1,900 | $1.79 | 35d | 1 | 0.06mi |
| 14527 Bonaire Blvd Delray Beach, FL | 2.0 | 2.0 | 1060 | $2,190 | $2.07 | 39d | 1 | 0.13mi |
| 14790 Bonaire Blvd #202 Delray Beach, FL | 1.0 | 1.5 | 765 | $1,700 | $2.22 | 33d | 1 | 0.13mi |
| 14575 Bonaire Blvd #309 Delray Beach, FL | 2.0 | 2.0 | 1060 | $1,800 | $1.70 | 20d | 1 | 0.14mi |
| 32 Abbey Ln #207 Delray Beach, FL | 2.0 | 2.0 | 925 | $2,500 | $2.70 | 120d | 1 | 0.15mi |
| 31 Abbey Ln #207 Delray Beach, FL | 2.0 | 2.0 | 925 | $1,300 | $1.41 | 120d | 1 | 0.16mi |
| 24 Abbey Ln #301 Delray Beach, FL | 2.0 | 2.0 | 1006 | $1,595 | $1.59 | 24d | 1 | 0.19mi |
| 23 Abbey Ln #208 Delray Beach, FL | 2.0 | 2.0 | 925 | $1,500 | $1.62 | 98d | 1 | 0.19mi |
| 21 Abbey Ln Delray Beach, FL | 2.0 | 2.0 | 925 | $1,700 | $1.84 | 61d | 1 | 0.20mi |
| 21 Abbey Ln Delray Beach, FL | 2.0 | 2.0 | 925 | $1,700 | $1.84 | 51d | 1 | 0.20mi |
| 22 Abbey Ln #101 Delray Beach, FL | 2.0 | 2.0 | 925 | $2,100 | $2.27 | 12d | 1 | 0.20mi |
| 21 Abbey Ln #107 Delray Beach, FL | 2.0 | 2.0 | 925 | $1,700 | $1.84 | 54d | 1 | 0.22mi |
| 14360 Strathmore Ln #204 Delray Beach, FL | 1.0 | 2.0 | 1020 | $2,200 | $2.16 | 40d | 1 | 0.24mi |
| 19 Abbey Ln #206 Delray Beach, FL | 2.0 | 2.0 | 925 | $1,750 | $1.89 | 120d | 1 | 0.25mi |
| 19 Abbey Ln Delray Beach, FL | 2.0 | 2.0 | 925 | $1,750 | $1.89 | 39d | 1 | 0.25mi |
| 20 Abbey Ln #102 Delray Beach, FL | 2.0 | 2.0 | 925 | $2,600 | $2.81 | 120d | 1 | 0.25mi |
| 6515 Kensington Ln #304 Delray Beach, FL | 1.0 | 2.0 | 1020 | $2,000 | $1.96 | 12d | 1 | 0.26mi |
| 6 Abbey Ln #207 Delray Beach, FL | 2.0 | 2.0 | 925 | $1,950 | $2.11 | 10d | 1 | 0.27mi |
| 3 Abbey Ln #102 Delray Beach, FL | 2.0 | 2.0 | 925 | $2,500 | $2.70 | 120d | 1 | 0.28mi |
| 14735 Wildflower Ln Delray Beach, FL | 2.0 | 2.0 | 1073 | $2,350 | $2.19 | 83d | 1 | 0.28mi |
| 6795 Huntington Ln #406 Delray Beach, FL | 2.0 | 2.0 | 990 | $2,500 | $2.53 | 116d | 1 | 0.30mi |
| 15 Willowbrook Ln #204 Delray Beach, FL | 2.0 | 2.0 | 1005 | $2,800 | $2.79 | 12d | 1 | 0.31mi |
| 7146 Huntington Ln #403 Delray Beach, FL | 2.0 | 2.0 | 1070 | $3,000 | $2.80 | 76d | 1 | 0.32mi |
| 15 Willowbrook Ln Delray Beach, FL | 2.0 | 2.0 | 1005 | $2,999 | $2.98 | 63d | 1 | 0.32mi |
| 6936 Huntington Ln #103 Delray Beach, FL | 2.0 | 2.0 | 1070 | $2,300 | $2.15 | 37d | 1 | 0.33mi |
| 14832 Wildflower Ln Delray Beach, FL | 2.0 | 2.0 | 1073 | $2,500 | $2.33 | 113d | 1 | 0.33mi |
| 7192 Huntington Ln #307 Delray Beach, FL | 2.0 | 2.0 | 1070 | $3,500 | $3.27 | 114d | 1 | 0.35mi |
| 14 Willowbrook Ln #101 Delray Beach, FL | 2.0 | 2.0 | 1005 | $1,700 | $1.69 | 101d | 1 | 0.36mi |
| 14858 Wildflower Ln Delray Beach, FL | 2.0 | 2.0 | 1073 | $1,850 | $1.72 | 12d | 1 | 0.36mi |
| 14307 Bedford Dr #302 Delray Beach, FL | 2.0 | 2.0 | 990 | $2,279 | $2.30 | 49d | 1 | 0.36mi |
| 7145 Huntington Ln #408 Delray Beach, FL | 2.0 | 2.0 | 990 | $2,300 | $2.32 | 42d | 1 | 0.37mi |
| 10 Willowbrook Ln Delray Beach, FL | 2.0 | 2.0 | 1005 | $2,100 | $2.09 | 83d | 1 | 0.37mi |
| 10 Willowbrook Ln Delray Beach, FL | 2.0 | 2.0 | 1005 | $2,100 | $2.09 | 42d | 1 | 0.37mi |
| 10 Willowbrook Ln #105 Delray Beach, FL | 2.0 | 2.0 | 1005 | $2,100 | $2.09 | 106d | 1 | 0.37mi |
| 14747 Cumberland Dr #301 Delray Beach, FL | 2.0 | 2.0 | 1044 | $1,900 | $1.82 | 120d | 1 | 0.41mi |
| 14849 Cumberland Dr #1040 Delray Beach, FL | 1.0 | 2.0 | 912 | $2,100 | $2.30 | 54d | 1 | 0.41mi |
| 7286 Huntington Ln #105 Delray Beach, FL | 2.0 | 2.0 | 1070 | $3,350 | $3.13 | 120d | 1 | 0.44mi |
Property features AI
Finance
- HOA & community
- Community amenities include pool, clubhouse, fitness center, billiard room, game room, shuffleboard court, jogging path, trails, bike storage, storage, library, community room, manager on site, trash chute, street lights and sidewalksHOA dues paid monthlyHOA fee covers cable TV, insurance, grounds maintenance, water, common areas and recreation facilitySenior communityPets allowed (restrictions possible)
Exterior
- Parking
- Assigned parking1 open parking space
- Utilities
- Public waterPublic sewerThree-phase electricCable available
- Home design
- CondominiumResale property1 storyFaces east
- Construction
- Stucco and CBS construction
- Exterior features
- Covered patioScreened patioPatioSidewalksPaved road frontageWaterfront
Interior
- Kitchen
- Electric rangeMicrowaveRefrigerator
- Bedrooms
- 1 bedroom on main level
- Flooring
- CarpetLinoleum
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central individual heatingCentral individual cooling
- Interior features
- Walk-in closetsAccessible elevator installed
- Laundry & utility
- Laundry closet inside the unit
HOA detail $700/mo · $8,400/yr condo
- Likely covers
- waterpool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 48 events
-
2026-07-24days on market $65,000 Active 354 DOM
-
2026-07-23days on market $65,000 Active 353 DOM
-
2026-07-22days on market $65,000 Active 352 DOM
-
2026-07-21days on market $65,000 Active 351 DOM
-
2026-07-18days on market $65,000 Active 348 DOM
-
2026-07-16days on market $65,000 Active 346 DOM
-
2026-07-15days on market $65,000 Active 345 DOM
-
2026-07-14days on market $65,000 Active 344 DOM
-
2026-07-13days on market $65,000 Active 343 DOM
-
2026-07-13days on market $65,000 Active 342 DOM
-
2026-07-12days on market $65,000 Active 341 DOM
-
2026-07-10days on market $65,000 Active 340 DOM
-
2026-07-09days on market $65,000 Active 339 DOM
-
2026-07-07days on market $65,000 Active 337 DOM
-
2026-07-06days on market $65,000 Active 336 DOM
-
2026-07-06days on market $65,000 Active 335 DOM
-
2026-07-05days on market $65,000 Active 334 DOM
-
2026-07-04days on market $65,000 Active 333 DOM
-
2026-07-02days on market $65,000 Active 332 DOM
-
2026-07-01days on market $65,000 Active 331 DOM
-
2026-06-30days on market $65,000 Active 330 DOM
-
2026-06-29days on market $65,000 Active 329 DOM
-
2026-06-28days on market $65,000 Active 328 DOM
-
2026-06-27days on market $65,000 Active 327 DOM
-
2026-06-26days on market $65,000 Active 326 DOM
-
2026-06-24days on market $65,000 Active 324 DOM
-
2026-06-22days on market $65,000 Active 322 DOM
-
2026-06-21days on market $65,000 Active 321 DOM
-
2026-06-18days on market $65,000 Active 318 DOM
-
2026-06-17days on market $65,000 Active 317 DOM
-
2026-06-16days on market $65,000 Active 316 DOM
-
2026-06-15days on market $65,000 Active 315 DOM
-
2026-06-13days on market $65,000 Active 313 DOM
-
2026-06-09days on market $65,000 Active 309 DOM
-
2026-06-07days on market $65,000 Active 307 DOM
-
2026-06-04days on market $65,000 Active 304 DOM
-
2026-06-03days on market $65,000 Active 303 DOM
-
2026-06-01days on market $65,000 Active 301 DOM
-
2026-05-31days on market $65,000 Active 300 DOM
-
2026-04-16price $70,000
-
2026-03-20price $80,000
-
2026-03-03price $85,000
-
2026-02-19price $94,000
-
2026-01-27price $99,000
-
2025-12-09price $102,500
-
2025-09-23price $108,500
-
2025-08-04$109,000 Active
-
2012-02-22soldstatus $25,000
ⓘ 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
- $1,615 · $135/mo
- Projected year-2 tax
- $1,615 · $135/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 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $24,241
- − Mortgage interest
- −$3,641
- − Property taxes
- −$1,615
- − Insurance
- −$325
- − Repairs & maintenance
- −$1,939
- − Management
- −$1,939
- − HOA
- −$8,400
- − Depreciation
- −$1,891
- Taxable income
- $4,490
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$1,078
- After-tax cash flow
- $3,642/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.
Condition & rehab AI · 10 photos
75/100
Cosmetic rehab
Est. rehab $4,625–$13,875 screening
This property is in good condition with a good condition score of 75. It has a cosmetic rehab level and requires minor repairs to the balcony railings. Painting the exterior and interior, and updating the kitchen and bathrooms would significantly increase its resale and rental value.
Components & finishes AI
Roof tile
Flooring tile
Repairs flagged
- Minor Balcony railings — The railings appear to have some minor wear, but are still functional.
Value-add opportunities
- Both Painting the exterior and interior — Painting can enhance the curb appeal and interior aesthetics, making the property more attractive to potential buyers and renters. ↑
- Both Updating the kitchen and bathrooms — Updating the kitchen and bathrooms can increase the property's value and make it more appealing to potential buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
D
Composite school gradezoned avg 52/100
Zoned Schools
Elementary
Hagen Road Elementary School
B-
FL #722/2,144
Nat'l #8,048/41,679
Middle
Carver Middle School
F
FL #486/571
Nat'l #9,545/14,009
High
Spanish River Community High School
B
FL #63/667
Nat'l #2,354/17,239
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
B
Composite livability gradescore 77/100
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 · 1,637,487 people
- City population
- 123,167
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 28,431
- Household income
- $80,187
- Rent vs Own
- Severe rent burden
- 24% of renters
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 |
|
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
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Price history
+180.0% since first listed9 events — show timeline
- 2026-04-16 Price Changed $70,000 Beaches MLS
- 2026-03-20 Price Changed $80,000 Beaches MLS
- 2026-03-03 Price Changed $85,000 Beaches MLS
- 2026-02-19 Price Changed $94,000 Beaches MLS
- 2026-01-27 Price Changed $99,000 Beaches MLS
- 2025-12-09 Price Changed $102,500 Beaches MLS
- 2025-09-23 Price Changed $108,500 Beaches MLS
- 2025-08-04 Listed $109,000 Beaches MLS
- 2012-02-22 Sold (Public Records) $25,000 Public Records
Property tax history
+13.8%/yrLatest (2025): $1,615 · -1.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…