2441 Village Blvd #405 · West Palm Beach, FL 33409

$170,000

2 bd · 2.0 ba · 1,437 sqft · Condo public records · 190 Days on market

Built 1987 $878/mo HOA · 25% of rent

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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
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RARE NICE 4TH FLOOR PENTHOUSE 2BEDROOM/2BATH UNIT OVERLOOKING COURTYARD AND GOLFCOURSE OFF 2 BALCONYS, UPDATED APPLIANCES,A/C,WATERHEATER,NEWER CARPET,EAT-IN-KITCHEN W/BREAKFAST BAR,HUGE GREAT ROOM, 8X16 LAUNDRY/STORAGE, WALK-IN CLOSET IN MASTER.

Key facts

• Pool views
• Courtyard views
• Eat-in kitchen

Tags

• OPEN BALCONIES
• COURTYARD VIEWS
• POOL VIEWS
• STAINLESS STEEL APPLIANCES
• EAT-IN KITCHEN
• BREAKFAST BAR

Property features AI

Finance

• Other: Community has 480 units; Pets not allowed
• HOA & community: Association with monthly fee; Association amenities include clubhouse, fitness center, game room, pool, on-site manager, street lights; HOA fee covers cable TV, insurance, grounds maintenance, pest control, sewer, trash, and water

Exterior

• Parking: Deeded parking; Guest parking
• Security: Fire alarm; Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Water available; Sewer available
• Home design: Condominium; Resale condition; South-facing
• Construction: CBS construction; Barrel roof; 4 total stories
• Exterior features: Sidewalks; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Garbage disposal; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Entrance foyer; Walk-in closets; Custom mirrors
• Laundry & utility: Laundry closet inside unit; Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $170k.

Deal economics

• At list price, monthly cash flow is $795 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.

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: Seminole Trails Elementary School (math 26% / reading 36%, grade F, #1,854 of 2,144 statewide, top 87%, 650 students, 73% FRL); Bear Lakes Middle School (math 19% / reading 33%, grade F, #506 of 571 statewide, top 89%, 842 students, 74% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% 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 26% at this address vs 50% district-wide (-23 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 soft (-0.1%/yr); 189 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).

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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $48k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $40k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.09% ✓
• Cap rate: 11.91%
• Cash-on-cash: 20.04%
• DSCR: 1.89
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 7.5%
• Equity multiple: 1.28×
• Total profit: $13,241
• Equity at exit: $25,348

10-year hold

• IRR: 12.7%
• Equity multiple: 1.81×
• Total profit: $38,786
• Equity at exit: $14,698

Cash invested: $47,600 (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 33409

• Home prices YoY: -25.6%
• Rents YoY: -0.1%
• Active inventory: 189
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,555 high
• Mortgage (P&I): −$891
• Tax from tax record: −$173 /mo · $2,073/yr
• Insurance: −$71
• HOA: −$878
• Vacancy / Maint / Mgmt: −$746
• Net cashflow: $795

Break-even live

Break-even rent $2,548

Max offer price $170,000

Occupancy floor 73%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2480 Presidential Way #902 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	5d	1	0.34mi
2480 Presidential Way #1903 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	24d	1	0.34mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	2d	1	0.37mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	24d	1	0.37mi
2425 Presidential Way West Palm Beach, FL	2.0	2.0	1294	$4,500	$3.48	24d	1	0.46mi
2400 Presidential Way #1906 West Palm Beach, FL	1.0	2.0	1294	$3,000	$2.32	24d	1	0.50mi
1979 Brandywine Rd Unit 1979-108 West Palm Beach, FL	3.0	2.0	1395	$3,205	$2.30	24d	1	0.54mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	16d	1	0.56mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	24d	1	0.70mi
1900 Consulate Pl #1005 West Palm Beach, FL	2.0	2.0	1557	$4,900	$3.15	15d	1	0.77mi
1912 Stratford Way West Palm Beach, FL	2.0	2.5	1350	$3,000	$2.22	24d	1	0.80mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$2,528	$2.07	18d	60	0.99mi
4567 Brook Dr West Palm Beach, FL	3.0	2.0	1528	$3,000	$1.96	24d	1	1.12mi
1211 Pine Sage Cir West Palm Beach, FL	3.0	2.0	1367	$3,200	$2.34	5d	1	1.13mi
4385 Willow Brook Cir West Palm Beach, FL	3.0	2.0	1468	$3,200	$2.18	22d	1	1.28mi
3590 Village Blvd West Palm Beach, FL	1.0–3.0	1.0–2.0	1074	$2,798	$2.60	2d	29	1.28mi
195 River Grove Way West Palm Beach, FL	2.0	1.0–2.0	828	$3,002	$3.63	2d	18	1.40mi
290 Courtney Lakes Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1069	$2,705	$2.53	20d	19	1.42mi

HOA detail condo

• Monthly dues: $878 · $10,536/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $170,000 Active 190 DOM
2. 2026-06-17
   days on market $170,000 Active 189 DOM
3. 2026-06-16
   days on market $170,000 Active 188 DOM
4. 2026-06-15
   days on market $170,000 Active 187 DOM
5. 2026-06-13
   days on market $170,000 Active 185 DOM
6. 2026-06-09
   days on market $170,000 Active 181 DOM
7. 2026-06-07
   days on market $170,000 Active 179 DOM
8. 2026-06-04
   days on market $170,000 Active 176 DOM
9. 2026-06-03
   days on market $170,000 Active 175 DOM
10. 2026-06-01
    days on market $170,000 Active 173 DOM
11. 2026-05-31
    days on market $170,000 Active 172 DOM
12. 2026-04-06
    price $170,000
13. 2026-03-06
    price $190,000
14. 2025-12-10
    listed $210,000 Active
15. 2019-03-26
    soldstatus $130,000
16. 2019-03-22
    soldstatus $130,000 Closed 246-char remark

    Show marketing remark (246 chars)

    RARE NICE 4TH FLOOR PENTHOUSE 2BEDROOM/2BATH UNIT OVERLOOKING COURTYARD AND GOLFCOURSE OFF 2 BALCONYS, UPDATED APPLIANCES,A/C,WATERHEATER,NEWER CARPET,EAT-IN-KITCHEN W/BREAKFAST BAR,HUGE GREAT ROOM, 8X16 LAUNDRY/STORAGE, WALK-IN CLOSET IN MASTER.

17. 2019-02-09
    status Pending 246-char remark

    Show marketing remark (246 chars)

    RARE NICE 4TH FLOOR PENTHOUSE 2BEDROOM/2BATH UNIT OVERLOOKING COURTYARD AND GOLFCOURSE OFF 2 BALCONYS, UPDATED APPLIANCES,A/C,WATERHEATER,NEWER CARPET,EAT-IN-KITCHEN W/BREAKFAST BAR,HUGE GREAT ROOM, 8X16 LAUNDRY/STORAGE, WALK-IN CLOSET IN MASTER.

18. 2019-02-06
    listed $135,000 Active 246-char remark

    Show marketing remark (246 chars)

    RARE NICE 4TH FLOOR PENTHOUSE 2BEDROOM/2BATH UNIT OVERLOOKING COURTYARD AND GOLFCOURSE OFF 2 BALCONYS, UPDATED APPLIANCES,A/C,WATERHEATER,NEWER CARPET,EAT-IN-KITCHEN W/BREAKFAST BAR,HUGE GREAT ROOM, 8X16 LAUNDRY/STORAGE, WALK-IN CLOSET IN MASTER.

19. 2004-10-06
    soldstatus $160,000
20. 2004-09-24
    soldstatus $160,000 137-char remark

    Show marketing remark (137 chars)

    BALCONY W/ CONDO!!!!!!!MAGNIFICENT GOLF COURSE VIEWS! IMPECCABLE MOVE IN CONDITION!!!; UPGRADED;NEWER A/C,WATERHTR; DUAL SINKS IN MASTER,

21. 2004-09-23
    historical 137-char remark

    Show marketing remark (137 chars)

    BALCONY W/ CONDO!!!!!!!MAGNIFICENT GOLF COURSE VIEWS! IMPECCABLE MOVE IN CONDITION!!!; UPGRADED;NEWER A/C,WATERHTR; DUAL SINKS IN MASTER,

22. 2004-08-20
    listed $165,000 137-char remark

    Show marketing remark (137 chars)

    BALCONY W/ CONDO!!!!!!!MAGNIFICENT GOLF COURSE VIEWS! IMPECCABLE MOVE IN CONDITION!!!; UPGRADED;NEWER A/C,WATERHTR; DUAL SINKS IN MASTER,

23. 2000-10-11
    historical
24. 2000-07-12
    listed $86,900
25. 1996-05-23
    soldstatus $66,500

ⓘ 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: $2,073 · $173/mo
• Projected year-2 tax: $2,073 · $173/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 5 d/yr ≥105°F today · 17 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: $42,655
• − Mortgage interest: −$9,523
• − Property taxes: −$2,073
• − Insurance: −$850
• − Repairs & maintenance: −$3,412
• − Management: −$3,412
• − HOA: −$10,536
• − Depreciation: −$4,945
• Taxable income: $7,903
• Est. tax owed @ 24.0%: −$1,897
• After-tax cash flow: $7,644/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): 33,489
• Household income: $67,073
• Rent vs Own: 55.3% rent · 44.7% own
• Severe rent burden: 1333.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 36% Black 31% White 27% Two or more races 21% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 8% Dominican 1%
• Common ancestry: Hispanic 8% Romanian 1% Lithuanian 1%
• Foreign-born: 34% · Canada, Jamaica
• Languages at home: 55% English-only · Spanish 30% French/Haitian/Cajun 10% 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: ▼ -128.54%
• Current HPI: 374.2506
• Rent YoY: ▼ -0.15%
• 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

+155.6% since first listed

14 events — show timeline

• 2026-04-06 Price Changed $170,000 Beaches MLS
• 2026-03-06 Price Changed $190,000 Beaches MLS
• 2025-12-10 Listed $210,000 Beaches MLS
• 2019-03-26 Sold (Public Records) $130,000 Public Records
• 2019-03-22 Sold (MLS) $130,000 Beaches MLS
• 2019-02-09 Pending — Beaches MLS
• 2019-02-06 Listed $135,000 Beaches MLS
• 2004-10-06 Sold (Public Records) $160,000 Public Records
• 2004-09-24 Sold (MLS) $160,000 Beaches MLS
• 2004-09-23 Listing Removed — Beaches MLS
• 2004-08-20 Listed $165,000 Beaches MLS
• 2000-10-11 Listing Removed — Beaches MLS
• 2000-07-12 Listed $86,900 Beaches MLS
• 1996-05-23 Sold (Public Records) $66,500 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,073 · +4.3% YoY. Source: county tax records.