10 SE 13th St Unit C3 · Boca Raton, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 28 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
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +20.6/30.0
- 1% rule +9.6/10.0
- ARV discount +7.5/15.0
- DSCR +6.5/10.0
- Schools +4.3/10.0
- Livability +3.9/5.0
- Rent growth +3.6/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$190,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
FURNISHED 2 BEDROOM, 2 BATH W/ DEN IN THE QUAINT 55+ COMMUNITY OF PALM ROYAL. THE CONDO IS ON THE 3RD FLOOR OF BUILDING 10 W/ EASY ACCESS TO ELEVATOR. UNIT INCLUDES: ASSIGNED COVERED PARKING SPACE, HURRICANE WINDOWS, ELECTRIC POWER ROLL DOWN SHUTTERS ON PORCH W/ REMOTE FOR EASY CLOSURE, NEW VERTICALS ON SLIDING DOOR IN LIVING ROOM, HVAC UNIT REPLACED IN 2015, NEUTRAL PAINT AND CARPET, NEW DISHWASHER. THE COMMUNITY OFFERS POOL, BARBECUE AREA, SHUFFLEBOARD, CLUBHOUSE, ACTIVITIES, ON SITE MANAGER. LOW HOA FEE INCLUDES CABLE W/ HBO, WATER, TRASH, OUTSIDE MAINTENANCE, POOL, ELEVATOR & BLDG INS. NO CURRENT SPECIAL ASSESSMENTS, CONCRETE RESTORATION COMPLETED. YOU WILL LOVE THE CONVENIENCE OF THIS LOCATION ON THE EAST SIDE NEAR MIZNER PARK, BEACHES, TRADER JOE'S, PUBLIX, AND SO MUCH MORE!
Key facts
- $626 HOA
- Parking
- Community pool
Property features AI
Finance
- HOA & community: Community is a senior community; Association amenities include clubhouse, elevator(s), laundry, picnic area, parking, pool, shuffleboard court; Monthly association fee; Association fee includes cable TV, insurance, grounds maintenance, water, common areas
Exterior
- Parking: Has carport (1 space); 1 covered assigned parking space; Guest parking
- Utilities: Public water; Public sewer; Sewer and water available
- Home design: Condominium; 4-story building; West-facing
- Construction: CBS construction
- Exterior features: Entry-level living area; Not waterfront
Interior
- Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
- Bedrooms: 2 bedrooms on the main level
- Bathrooms: 2 full bathrooms on the main level
- Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s); Electric cooling
- Interior features: Entrance foyer; Walk-in closet(s); Sliding windows
- Laundry & utility: Laundry facilities in the building; Electric water heater
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $190k.
Deal economics
- At list price, monthly cash flow is $253 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $190k).
- Recommended offer: $167k (12.0% below list) — sets the bar for market timing.
- Cap rate 7.9% vs local median 2.8% in Boca Raton — 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 (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, 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.
- Zoned schools: Boca Raton Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 365 students, 62% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% FRL); West Boca Raton High School (math 55% / reading 70%, grade B-, #93 of 667 statewide, top 14%, 2,271 students, 28% FRL).
- Market conditions: Rents rising fast (+4.6%/yr); 472 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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).
- This rent runs 31% of the median local income ($107k/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 $6k 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 ($167k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 6y 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 $117k; list at $190k implies a 62% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 23% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- Built in 1968 — 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 A-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?
- 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
- 1.46% ✓
- Cap rate
- 7.89%
- Cash-on-cash
- 5.72%
- DSCR
- 1.25
- GRM
- 5.7
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 4.56% rent growth · sell at horizon
- IRR
- -4.8%
- Equity multiple
- 0.82×
- Total profit
- $-9,809
- Equity at exit
- $28,330
- IRR
- 7.4%
- Equity multiple
- 1.61×
- Total profit
- $32,658
- Equity at exit
- $16,428
Cash invested: $53,200 (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
ZIP-level market 33432
- Rents YoY
- 4.6%
- Active inventory
- 472
- Price-to-rent
- 5.7×
Monthly cashflow live
- Estimated rent
- $2,768 high interval (Pro) →
- Mortgage (P&I)
- −$996
- Tax from tax record
- −$232 /mo · $2,785/yr
- Insurance
- −$79
- HOA
- −$626
- Vacancy / Maint / Mgmt
- −$581
- Net cashflow
- $253
Break-even live
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
- $47,500
- Closing costs
- $5,700
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- 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 |
|---|---|---|---|---|---|---|---|---|
| 55 SE 14th St #1120 Boca Raton, FL | 2.0 | 2.0 | 1053 | $2,400 | $2.28 | 24d | 1 | 0.03mi |
| 55 SE 14th St #1120 Boca Raton, FL | 2.0 | 2.0 | 1053 | $2,375 | $2.26 | 14d | 1 | 0.03mi |
| 30 SE 13th St Unit A2 Boca Raton, FL | 1.0 | 1.0 | 704 | $1,600 | $2.27 | 24d | 1 | 0.05mi |
| 50 SE 12th St #145 Boca Raton, FL | 2.0 | 1.0 | 800 | $1,949 | $2.44 | 24d | 1 | 0.07mi |
| 50 SE 12th St #2260 Boca Raton, FL | 2.0 | 2.0 | 870 | $4,000 | $4.60 | 24d | 1 | 0.08mi |
| 1401 S Federal Hwy Boca Raton, FL | 2.0 | 2.5 | 1248 | $2,500 | $2.00 | 17d | 2 | 0.12mi |
| 1401 S Federal Hwy Boca Raton, FL | 2.0 | 2.5 | 1281 | $2,350 | $1.83 | 2d | 2 | 0.12mi |
| 1401 S Federal Hwy Boca Raton, FL | 2.0 | 2.5 | 1248 | $2,500 | $2.00 | 15d | 2 | 0.12mi |
| 100 SW 14th St Boca Raton, FL | 1.0–3.0 | 1.0–2.0 | 917 | $2,629 | $2.87 | 2d | 1 | 0.12mi |
| 100 SW 14th St Boca Raton, FL | 3.0 | 2.0 | 1250 | $3,185 | $2.55 | 10d | 1 | 0.12mi |
| 1361 S Federal Hwy Boca Raton, FL | 1.0 | 1.0 | 750 | $2,324 | $3.10 | 7d | 1 | 0.13mi |
| 101 SW 12th St Boca Raton, FL | 1.0 | 1.0 | 575 | $1,813 | $3.15 | 1d | 8 | 0.14mi |
| 103 W Camino Real Boca Raton, FL | 2.0 | 2.0 | 1162 | $3,925 | $3.38 | 3d | 1 | 0.21mi |
| 101 E Camino Real Boca Raton, FL | 3.0 | 1.0–2.5 | 1077 | $5,871 | $5.45 | 2d | 8 | 0.32mi |
| 33 SE 8th St Boca Raton, FL | 3.0 | 1.0–2.0 | 915 | $3,458 | $3.78 | 1d | 20 | 0.36mi |
| 220 SW 7th St #8 Boca Raton, FL | 3.0 | 2.0 | 1140 | $2,600 | $2.28 | 16d | 1 | 0.38mi |
| 240 SW 7th St #10 Boca Raton, FL | 3.0 | 2.0 | 1500 | $1,200 | $0.80 | 24d | 1 | 0.38mi |
| 650 SW 2nd Ave Unit 252 Boca Raton, FL | 2.0 | 1.5 | 803 | $2,000 | $2.49 | 14d | 1 | 0.40mi |
| 422 SW 9th St Unit 6 Boca Raton, FL | 1.0 | 2.0 | 914 | $2,095 | $2.29 | 24d | 1 | 0.42mi |
| 265 SW 7th St #4 Boca Raton, FL | 3.0 | 2.0 | 1140 | $2,500 | $2.19 | 24d | 1 | 0.42mi |
| 371 SW 8th St Unit 2-H-W Boca Raton, FL | 2.0 | 1.0 | 863 | $1,850 | $2.14 | 24d | 1 | 0.42mi |
| 299 SW 7th St #103 Boca Raton, FL | 2.0 | 2.0 | 888 | $1,850 | $2.08 | 24d | 1 | 0.43mi |
| 299 SW 7th St #1040 Boca Raton, FL | 2.0 | 2.0 | 888 | $2,100 | $2.36 | 24d | 1 | 0.43mi |
| 600 SW 2nd Ave Unit 240 Boca Raton, FL | 2.0 | 2.0 | 864 | $2,700 | $3.12 | 15d | 1 | 0.44mi |
| 450 SW 9th St Unit 3 Boca Raton, FL | 2.0 | 2.0 | 1200 | $2,300 | $1.92 | 24d | 1 | 0.44mi |
| 550 SW 2nd Ave #1210 Boca Raton, FL | 2.0 | 2.0 | 864 | $2,150 | $2.49 | 24d | 1 | 0.46mi |
| 20 Royal Palm Way Unit 503 Boca Raton, FL | 2.0 | 2.0 | 1095 | $5,500 | $5.02 | 24d | 1 | 0.57mi |
| 100 Royal Palm Way #2040 Boca Raton, FL | 1.0 | 1.5 | 900 | $1,195 | $1.33 | 24d | 1 | 0.59mi |
| 12 Royal Palm Way Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,900 | $2.57 | 20d | 2 | 0.61mi |
| 14 Royal Palm Way #303 Boca Raton, FL | 2.0 | 2.0 | 1095 | $5,250 | $4.79 | 24d | 1 | 0.61mi |
| 14 Royal Palm Way Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 945 | $5,250 | $5.56 | 7d | 2 | 0.61mi |
| 4 Royal Palm Way Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 962 | $2,600 | $2.70 | 22d | 2 | 0.61mi |
| 4 Royal Palm Way #308 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 5d | 1 | 0.61mi |
| 27 Royal Palm Way #503 Boca Raton, FL | 2.0 | 2.0 | 1081 | $2,500 | $2.31 | 5d | 1 | 0.64mi |
| 233 S Federal Hwy Boca Raton, FL | 2.0–3.0 | 2.0 | 1181 | $3,900 | $3.30 | 17d | 3 | 0.66mi |
| 233 S Federal Hwy Boca Raton, FL | 2.0–3.0 | 2.0 | 1222 | $4,000 | $3.27 | 22d | 2 | 0.66mi |
| 230 SW 1st St Boca Raton, FL | 2.0 | 2.0 | 1000 | $2,850 | $2.85 | 15d | 1 | 0.72mi |
| 131 S Federal Hwy Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 778 | $3,149 | $4.05 | 1d | 12 | 0.72mi |
| 272 SW 1st St Unit B Boca Raton, FL | 2.0 | 1.0 | 900 | $2,300 | $2.56 | 24d | 1 | 0.73mi |
| 101 Plaza Real S Boca Raton, FL | 1.0–3.0 | 1.0–2.0 | 1188 | $4,250 | $3.58 | 3d | 6 | 0.74mi |
HOA detail condo
- Monthly dues
- $626 · $7,512/yr
- Likely covers
- watertrashelectriccablepool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 18 events
-
2026-03-17price $190,000
-
2026-01-21$195,000 Active
-
2026-01-15historical $195,000
-
2025-07-17historical
-
2025-04-21price $225,000
-
2025-04-21price $245,000
-
2025-04-18price $199,500
-
2025-03-17price $225,000
-
2025-02-05$245,000 Active
-
2025-01-29historical
-
2020-02-12soldstatus $117,000 Closed 802-char remark
Show marketing remark (802 chars)
FURNISHED 2 BEDROOM, 2 BATH W/ DEN IN THE QUAINT 55+ COMMUNITY OF PALM ROYAL. THE CONDO IS ON THE 3RD FLOOR OF BUILDING 10 W/ EASY ACCESS TO ELEVATOR. UNIT INCLUDES: ASSIGNED COVERED PARKING SPACE, HURRICANE WINDOWS, ELECTRIC POWER ROLL DOWN SHUTTERS ON PORCH W/ REMOTE FOR EASY CLOSURE, NEW VERTICALS ON SLIDING DOOR IN LIVING ROOM, HVAC UNIT REPLACED IN 2015, NEUTRAL PAINT AND CARPET, NEW DISHWASHER. THE COMMUNITY OFFERS POOL, BARBECUE AREA, SHUFFLEBOARD, CLUBHOUSE, ACTIVITIES, ON SITE MANAGER. LOW HOA FEE INCLUDES CABLE W/ HBO, WATER, TRASH, OUTSIDE MAINTENANCE, POOL, ELEVATOR & BLDG INS. NO CURRENT SPECIAL ASSESSMENTS, CONCRETE RESTORATION COMPLETED. YOU WILL LOVE THE CONVENIENCE OF THIS LOCATION ON THE EAST SIDE NEAR MIZNER PARK, BEACHES, TRADER JOE'S, PUBLIX, AND SO MUCH MORE!
-
2020-01-29status Pending 802-char remark
Show marketing remark (802 chars)
FURNISHED 2 BEDROOM, 2 BATH W/ DEN IN THE QUAINT 55+ COMMUNITY OF PALM ROYAL. THE CONDO IS ON THE 3RD FLOOR OF BUILDING 10 W/ EASY ACCESS TO ELEVATOR. UNIT INCLUDES: ASSIGNED COVERED PARKING SPACE, HURRICANE WINDOWS, ELECTRIC POWER ROLL DOWN SHUTTERS ON PORCH W/ REMOTE FOR EASY CLOSURE, NEW VERTICALS ON SLIDING DOOR IN LIVING ROOM, HVAC UNIT REPLACED IN 2015, NEUTRAL PAINT AND CARPET, NEW DISHWASHER. THE COMMUNITY OFFERS POOL, BARBECUE AREA, SHUFFLEBOARD, CLUBHOUSE, ACTIVITIES, ON SITE MANAGER. LOW HOA FEE INCLUDES CABLE W/ HBO, WATER, TRASH, OUTSIDE MAINTENANCE, POOL, ELEVATOR & BLDG INS. NO CURRENT SPECIAL ASSESSMENTS, CONCRETE RESTORATION COMPLETED. YOU WILL LOVE THE CONVENIENCE OF THIS LOCATION ON THE EAST SIDE NEAR MIZNER PARK, BEACHES, TRADER JOE'S, PUBLIX, AND SO MUCH MORE!
-
2020-01-24historical Active Under Contract 802-char remark
Show marketing remark (802 chars)
FURNISHED 2 BEDROOM, 2 BATH W/ DEN IN THE QUAINT 55+ COMMUNITY OF PALM ROYAL. THE CONDO IS ON THE 3RD FLOOR OF BUILDING 10 W/ EASY ACCESS TO ELEVATOR. UNIT INCLUDES: ASSIGNED COVERED PARKING SPACE, HURRICANE WINDOWS, ELECTRIC POWER ROLL DOWN SHUTTERS ON PORCH W/ REMOTE FOR EASY CLOSURE, NEW VERTICALS ON SLIDING DOOR IN LIVING ROOM, HVAC UNIT REPLACED IN 2015, NEUTRAL PAINT AND CARPET, NEW DISHWASHER. THE COMMUNITY OFFERS POOL, BARBECUE AREA, SHUFFLEBOARD, CLUBHOUSE, ACTIVITIES, ON SITE MANAGER. LOW HOA FEE INCLUDES CABLE W/ HBO, WATER, TRASH, OUTSIDE MAINTENANCE, POOL, ELEVATOR & BLDG INS. NO CURRENT SPECIAL ASSESSMENTS, CONCRETE RESTORATION COMPLETED. YOU WILL LOVE THE CONVENIENCE OF THIS LOCATION ON THE EAST SIDE NEAR MIZNER PARK, BEACHES, TRADER JOE'S, PUBLIX, AND SO MUCH MORE!
-
2020-01-12$119,000 Active 802-char remark
Show marketing remark (802 chars)
FURNISHED 2 BEDROOM, 2 BATH W/ DEN IN THE QUAINT 55+ COMMUNITY OF PALM ROYAL. THE CONDO IS ON THE 3RD FLOOR OF BUILDING 10 W/ EASY ACCESS TO ELEVATOR. UNIT INCLUDES: ASSIGNED COVERED PARKING SPACE, HURRICANE WINDOWS, ELECTRIC POWER ROLL DOWN SHUTTERS ON PORCH W/ REMOTE FOR EASY CLOSURE, NEW VERTICALS ON SLIDING DOOR IN LIVING ROOM, HVAC UNIT REPLACED IN 2015, NEUTRAL PAINT AND CARPET, NEW DISHWASHER. THE COMMUNITY OFFERS POOL, BARBECUE AREA, SHUFFLEBOARD, CLUBHOUSE, ACTIVITIES, ON SITE MANAGER. LOW HOA FEE INCLUDES CABLE W/ HBO, WATER, TRASH, OUTSIDE MAINTENANCE, POOL, ELEVATOR & BLDG INS. NO CURRENT SPECIAL ASSESSMENTS, CONCRETE RESTORATION COMPLETED. YOU WILL LOVE THE CONVENIENCE OF THIS LOCATION ON THE EAST SIDE NEAR MIZNER PARK, BEACHES, TRADER JOE'S, PUBLIX, AND SO MUCH MORE!
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2003-02-28soldstatus $102,000
-
1998-02-19soldstatus $50,000
-
1997-01-06soldstatus $55,000
-
1996-01-24soldstatus $47,000
ⓘ 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
- $2,785 · $232/mo
- Projected year-2 tax
- $2,785 · $232/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 · 28 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 · 3 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
- $33,222
- − Mortgage interest
- −$10,643
- − Property taxes
- −$2,785
- − Insurance
- −$950
- − Repairs & maintenance
- −$2,658
- − Management
- −$2,658
- − HOA
- −$7,512
- − Depreciation
- −$5,527
- Taxable income
- $489
- Est. tax owed @ 24.0%
- −$117
- After-tax cash flow
- $2,924/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 — Boca Raton
- Score
- 77/100
- State rank
- #192
- US rank
- #3070
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Boca Raton, FL
- County
- Palm Beach County · 1,438,312 people
- City population
- 250,102
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 21,834
- Household income
- $107,045
- Rent vs Own
- Severe rent burden
- 1461.0
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 (72%)
- Race & ethnicity
- White 72% Hispanic / Latino 18% Two or more races 13% Black 4% Asian 2%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 5% Cuban 3%
- Common ancestry
- Scotch-Irish 4% Subsaharan African 4% Romanian 4%
- Foreign-born
- 20% · Canada, Jamaica, China
- Languages at home
- 77% English-only · Spanish 13% Other Indo-European 3% 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
- ▼ -565.03%
- Current HPI
- 391.7799
- Rent YoY
- ▲ 4.56%
- 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
+304.3% since first listed18 events — show timeline
- 2026-03-17 Price Changed $190,000 Beaches MLS
- 2026-01-21 Listed $195,000 Beaches MLS
- 2026-01-15 Coming Soon $195,000 Beaches MLS
- 2025-07-17 Listing Removed — Beaches MLS
- 2025-04-21 Price Changed $225,000 Beaches MLS
- 2025-04-21 Price Changed $245,000 Beaches MLS
- 2025-04-18 Price Changed $199,500 Beaches MLS
- 2025-03-17 Price Changed $225,000 Beaches MLS
- 2025-02-05 Listed $245,000 Beaches MLS
- 2025-01-29 Coming Soon — Beaches MLS
- 2020-02-12 Sold (MLS) $117,000 Beaches MLS
- 2020-01-29 Pending — Beaches MLS
- 2020-01-24 Contingent — Beaches MLS
- 2020-01-12 Listed $119,000 Beaches MLS
- 2003-02-28 Sold (Public Records) $102,000 Public Records
- 1998-02-19 Sold (Public Records) $50,000 Public Records
- 1997-01-06 Sold (Public Records) $55,000 Public Records
- 1996-01-24 Sold (Public Records) $47,000 Public Records
Property tax history
+7.7%/yrLatest (2025): $2,785 · +2.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…