2700 SW 22nd Ave #1407 · Delray Beach, 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
- 26 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 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 +22.5/30.0
- 1% rule +7.5/10.0
- DSCR +7.5/10.0
- ARV discount +7.5/15.0
- Schools +5.9/10.0
- Livability +3.9/5.0
- Condition / age +3.8/5.0
- Rent growth +3.0/5.0
- Appreciation +0.0/10.0
$97,000
2700 SW 22nd Ave #1407 · Delray Beach, FL 33445
1 bd · 1.0 ba · 858 sqft · Condo
public records
· 208 Days on market
55+ age-restricted
Built 1972
$113/sqft
· 53% below area
$514/mo HOA · 24% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Amazing Opportunity to be in Delray Beach, 10 minutes from downotwn & 15 minutes from the beach for under $100k. First-Floor 1-bedroom, 1-bathroom condo nestled in a highly sought-after 55+ community in the heart of Delray Beach! This home offers both comfort and convenience. Step inside to find a spacious walk-in closet, a well-appointed living area, and a covered patio perfect for enjoying your morning coffee or evening breeze. The community features a refreshing pool, ideal for relaxation and socializing. Don't miss this opportunity to enjoy the best of Delray Beach living in a vibrant and welcoming community. Schedule your private showing today!
Key facts
- Refreshing pool
- Walk-in closet
- Covered patio
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/1.0-bath condo listed at $97k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $501 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $97k).
- Recommended offer: $85k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.5% 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: Orchard View Elementary School (math 48% / reading 47%, grade D, #1,182 of 2,144 statewide, top 55%, 596 students, 76% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% 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 47% FRL track the district average.
- Market conditions: Rents rising (+1.8%/yr); 504 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% 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).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $671 of loan paydown is wiped out by about $3k 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 + 1.8% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 208 days — a 12% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 27y 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 $28k; list at $97k implies a 240% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 24% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$85,360
(12.0% below list)
Questions for the listing agent
- It's been on market 208 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1972 — 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
- 2.24% ✓
- Cap rate
- 12.50%
- Cash-on-cash
- 22.16%
- DSCR
- 1.99
- GRM
- 3.7
CMA / ARV
- ARV (median comp)
- $204,908
- List price
- $97,000
- Delta
- -52.66%
- 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 |
|---|---|---|---|---|---|---|---|
| 2050 Alta Meadows Ln #2111 | 0.69mi | 1/1.0 | 855 (-0%) | 2mo | $240,000 | $281 | 66 |
| 1780 Palm Cove Blvd Unit 6-308 | 0.68mi | 1/1.0 | 934 (+9%) | 3mo | $195,000 | $209 | 51 |
| 1345 Crystal Way Unit B | 0.62mi | 2/2.0 (+1) | 948 (+10%) | 1mo | $245,000 | $258 | 43 |
| 1020 Crystal Way Unit C | 0.94mi | 1/1.0 | 696 (-19%) | 0mo | $188,000 | $270 | 40 |
| 600 Egret Cir #7504 | 1.17mi | 1/1.0 | 724 (-16%) | 2mo | $260,000 | $359 | 38 |
| 1760 Palm Cove Blvd Unit 5-305 | 0.63mi | 2/2.0 (+1) | 1,042 (+21%) | 0mo | $210,000 | $202 | 36 |
| 2521 Juniper Dr Unit 11-b | 0.89mi | 2/1.5 (+1) | 982 (+14%) | 3mo | $130,000 | $132 | 31 |
| 2901 Fiore Way #2020 | 1.23mi | 2/2.0 (+1) | 1,023 (+19%) | 2mo | $129,900 | $127 | 30 |
| 2711 SW 13th St Unit B | 0.85mi | 2/2.0 (+1) | 1,041 (+21%) | 2mo | $169,000 | $162 | 30 |
| 2700 Fiore Way #211 | 1.18mi | 2/2.0 (+1) | 1,023 (+19%) | 2mo | $235,000 | $230 | 29 |
| 2307 Linton Ridge Cir Unit C4 | 1.43mi | 2/2.0 (+1) | 1,007 (+17%) | 4mo | $165,000 | $164 | 28 |
| 516 Osprey Dr | 1.26mi | 2/2.0 (+1) | 1,056 (+23%) | 4mo | $225,000 | $213 | 27 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.83% rent growth · sell at horizon
5-year hold
- IRR
- 13.2%
- Equity multiple
- 1.52×
- Total profit
- $14,060
- Equity at exit
- $14,463
10-year hold
- IRR
- 20.9%
- Equity multiple
- 2.65×
- Total profit
- $44,731
- Equity at exit
- $8,387
Cash invested: $27,160 (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
- 2 active · 3 under contract
- Median asking
- $192,500 ($199/sqft)
- Median days on market
- 25 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +20.0% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33445
- Rents YoY
- 1.8%
- Active inventory
- 504
- Price-to-rent
- 3.7×
Monthly cashflow live
↻
- Estimated rent
- $2,172 high interval (Pro) →
- Mortgage (P&I)
- −$509
- Tax from tax record
- −$151 /mo · $1,812/yr
- Insurance
- −$40
- HOA
- −$514
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$456
- Net cashflow
- $501
Break-even live
Break-even rent
$1,537
Max offer price
$97,000
Occupancy floor
72%
Sensitivity live
| Price | -10% $556 | -5% $529 | +0% $501 | +5% $474 | +10% $447 |
|---|---|---|---|---|---|
| Rent | -10% $330 | -5% $416 | +0% $501 | +5% $587 | +10% $673 |
| Rate | -1.0pp $550 | -0.5pp $526 | base $501 | +0.5pp $476 | +1.0pp $451 |
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
- $24,250
- Closing costs
- $2,910
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2740 SW 22nd Ave #1605 Delray Beach, FL | 2.0 | 2.0 | 1013 | $2,000 | $1.97 | 103d | 1 | 0.01mi |
| 2660 SW 22nd Ave #1203 Delray Beach, FL | 2.0 | 2.0 | 1013 | $2,000 | $1.97 | 120d | 1 | 0.06mi |
| 2660 SW 22nd Ave #1217 Delray Beach, FL | 2.0 | 2.0 | 1013 | $2,795 | $2.76 | 46d | 1 | 0.06mi |
| 2600 SW 22nd Ave #908 Delray Beach, FL | 1.0 | 1.0 | 858 | $1,700 | $1.98 | 11d | 1 | 0.07mi |
| 2535 SW 22nd Ave #2020 Delray Beach, FL | 2.0 | 2.0 | 985 | $2,100 | $2.13 | 5d | 1 | 0.07mi |
| 2425 SW 22nd Ave Unit 102B Delray Beach, FL | 2.0 | 2.0 | 960 | $2,200 | $2.29 | 5d | 1 | 0.10mi |
| 2440 SW 22nd Ave Delray Beach, FL | 2.0 | 2.0 | 1013 | $1,768 | $1.74 | 3d | 2 | 0.12mi |
| 2440 SW 22nd Ave #703 Delray Beach, FL | 2.0 | 2.0 | 1013 | $1,975 | $1.95 | 42d | 1 | 0.12mi |
| 2440 SW 22nd Ave #703 Delray Beach, FL | 2.0 | 2.0 | 1013 | $1,935 | $1.91 | 4d | 1 | 0.12mi |
| 2335 SW 22nd Ave #104 Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,500 | $2.23 | 120d | 1 | 0.14mi |
| 2335 SW 22nd Ave Delray Beach, FL | 2.0 | 2.0 | 960 | $2,300 | $2.40 | 39d | 1 | 0.15mi |
| 2315 SW 22nd Ave #2020 Delray Beach, FL | 2.0 | 2.0 | 985 | $2,300 | $2.34 | 115d | 1 | 0.17mi |
| 2315 SW 22nd Ave #2020 Delray Beach, FL | 2.0 | 2.0 | 985 | $2,300 | $2.34 | 83d | 1 | 0.17mi |
| 2340 SW 22nd Ave #306 Delray Beach, FL | 2.0 | 2.0 | 1066 | $1,600 | $1.50 | 114d | 1 | 0.18mi |
| 2805 SW 22nd Ave #104 Delray Beach, FL | 2.0 | 2.0 | 964 | $2,450 | $2.54 | 103d | 1 | 0.18mi |
| 2805 SW 22nd Ave #104 Delray Beach, FL | 2.0 | 2.0 | 964 | $2,500 | $2.59 | 120d | 1 | 0.18mi |
| 2245 SW 22nd Ave #1020 Delray Beach, FL | 2.0 | 2.0 | 960 | $2,200 | $2.29 | 88d | 1 | 0.20mi |
| 2300 SW 22nd Ave #109 Delray Beach, FL | 2.0 | 2.0 | 1013 | $1,850 | $1.83 | 84d | 1 | 0.20mi |
| 2300 SW 22nd Ave #109 Delray Beach, FL | 2.0 | 2.0 | 1013 | $1,899 | $1.87 | 120d | 1 | 0.20mi |
| 2915 SW 22nd Ave #2030 Delray Beach, FL | 2.0 | 2.0 | 1096 | $2,100 | $1.92 | 35d | 1 | 0.21mi |
| 2955 SW 22nd Ave #2080 Delray Beach, FL | 2.0 | 2.0 | 1116 | $2,200 | $1.97 | 103d | 1 | 0.24mi |
| 2975 SW 22nd Ave #2020 Delray Beach, FL | 2.0 | 2.0 | 1096 | $2,000 | $1.82 | 116d | 1 | 0.25mi |
| 2975 SW 22nd Ave #1080 Delray Beach, FL | 2.0 | 2.0 | 1125 | $2,300 | $2.04 | 70d | 1 | 0.25mi |
| 2906 SW 21st Ter Unit 31b2 Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,150 | $1.92 | 120d | 1 | 0.32mi |
| 3014 SW 21st Ter Unit 352C Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,095 | $1.87 | 63d | 1 | 0.43mi |
| 3014 SW 21st Ter Unit 352C Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,350 | $2.10 | 78d | 1 | 0.43mi |
| 2902 SW 21st Ter Unit 301C Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,490 | $2.22 | 20d | 1 | 0.43mi |
| 3015 SW 21st Ter Unit 371B Delray Beach, FL | 2.0 | 2.0 | 1120 | $2,800 | $2.50 | 98d | 1 | 0.44mi |
| 2070 Homewood Blvd #3150 Delray Beach, FL | 2.0 | 2.0 | 1090 | $2,350 | $2.16 | 110d | 1 | 0.53mi |
| 1850 Homewood Blvd #207 Delray Beach, FL | 2.0 | 2.0 | 1090 | $2,250 | $2.06 | 26d | 1 | 0.55mi |
| 1850 Homewood Blvd #2070 Delray Beach, FL | 2.0 | 2.0 | 1090 | $2,550 | $2.34 | 120d | 1 | 0.55mi |
| 1495 Spring Harbor Dr Delray Beach, FL | 1.0 | 1.0 | 764 | $2,424 | $3.17 | 67d | 1 | 0.56mi |
| 1495 Spring Harbor Dr Delray Beach, FL | 1.0 | 1.0 | 764 | $2,049 | $2.68 | 58d | 1 | 0.56mi |
| 1495 Spring Harbor Dr Delray Beach, FL | 1.0 | 1.0 | 764 | $2,981 | $3.90 | 4d | 1 | 0.56mi |
| 1495 Spring Harbor Dr Delray Beach, FL | 1.0 | 1.0 | 764 | $2,898 | $3.79 | 0d | 1 | 0.56mi |
| 2175 Crystal Way Unit G Delray Beach, FL | 2.0 | 2.0 | 948 | $2,475 | $2.61 | 69d | 1 | 0.57mi |
| 1885 Palm Cove Blvd Unit 10-102 Delray Beach, FL | 1.0 | 1.0 | 672 | $1,800 | $2.68 | 61d | 1 | 0.58mi |
| 1885 Palm Cove Blvd Unit 10-203 Delray Beach, FL | 2.0 | 2.0 | 992 | $2,200 | $2.22 | 68d | 1 | 0.58mi |
| 1885 Palm Cove Blvd #205 Delray Beach, FL | 2.0 | 2.0 | 989 | $2,550 | $2.58 | 34d | 1 | 0.59mi |
| 1385 Crystal Way Unit C Delray Beach, FL | 1.0 | 1.0 | 696 | $1,750 | $2.51 | 58d | 1 | 0.59mi |
Property features AI
Finance
- HOA & community
- HOA with monthly feeAssociation amenities include billiard room, game room, jogging path, picnic area, pool, shuffleboard court, on-site manager, and bike storageSenior communityPets allowed (pet restrictions possible)
Exterior
- Utilities
- Public waterPublic sewerThree-phase electricCable available
- Home design
- Condominium2 total storiesNorth-facing
- Construction
- Built with concrete/CBS and other materials
- Exterior features
- Not waterfrontNo waterfront features
Interior
- Kitchen
- DishwasherElectric rangeMicrowave
- Bedrooms
- 1 bedroom on the main level
- Bathrooms
- 1 full bathroom on the main level
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Walk-in closet(s)Partially furnished
HOA detail $514/mo · $6,168/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-05days on market $97,000 Active 208 DOM
-
2026-09-04days on market $97,000 Active 207 DOM
-
2026-09-03days on market $97,000 Active 206 DOM
-
2026-08-31days on market $97,000 Active 203 DOM
-
2026-08-29days on market $97,000 Active 201 DOM
-
2026-08-28days on market $97,000 Active 200 DOM
-
2026-08-25days on market $97,000 Active 197 DOM
-
2026-08-24days on market $97,000 Active 196 DOM
-
2026-08-23days on market $97,000 Active 195 DOM
-
2026-08-22days on market $97,000 Active 194 DOM
-
2026-08-21days on market $97,000 Active 193 DOM
-
2026-08-20days on market $97,000 Active 192 DOM
-
2026-08-19days on market $97,000 Active 191 DOM
-
2026-08-18days on market $97,000 Active 190 DOM
-
2026-08-16days on market $97,000 Active 188 DOM
-
2026-08-15days on market $97,000 Active 187 DOM
-
2026-08-14days on market $97,000 Active 186 DOM
-
2026-08-13days on market $97,000 Active 185 DOM
-
2026-08-12days on market $97,000 Active 184 DOM
-
2026-08-11days on market $97,000 Active 183 DOM
-
2026-08-10days on market $97,000 Active 182 DOM
-
2026-08-09days on market $97,000 Active 181 DOM
-
2026-08-08days on market $97,000 Active 180 DOM
-
2026-08-06days on market $97,000 Active 178 DOM
-
2026-08-05days on market $97,000 Active 177 DOM
-
2026-08-03days on market $97,000 Active 175 DOM
-
2026-07-31days on market $97,000 Active 172 DOM
-
2026-07-24days on market $97,000 Active 165 DOM
-
2026-07-23days on market $97,000 Active 164 DOM
-
2026-07-22days on market $97,000 Active 163 DOM
-
2026-07-21days on market $97,000 Active 162 DOM
-
2026-07-20days on market $97,000 Active 161 DOM
-
2026-07-18days on market $97,000 Active 159 DOM
-
2026-07-16days on market $97,000 Active 157 DOM
-
2026-07-15days on market $97,000 Active 156 DOM
-
2026-07-14days on market $97,000 Active 155 DOM
-
2026-07-13days on market $97,000 Active 154 DOM
-
2026-07-13days on market $97,000 Active 153 DOM
-
2026-07-12days on market $97,000 Active 152 DOM
-
2026-07-10days on market $97,000 Active 151 DOM
-
2026-07-09days on market $97,000 Active 150 DOM
-
2026-07-07days on market $97,000 Active 148 DOM
-
2026-07-06days on market $97,000 Active 147 DOM
-
2026-07-06days on market $97,000 Active 146 DOM
-
2026-07-05days on market $97,000 Active 145 DOM
-
2026-07-04days on market $97,000 Active 144 DOM
-
2026-07-02days on market $97,000 Active 143 DOM
-
2026-07-01days on market $97,000 Active 142 DOM
-
2026-06-30days on market $97,000 Active 141 DOM
-
2026-06-29days on market $97,000 Active 140 DOM
ⓘ 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
- $1,812 · $151/mo
- Projected year-2 tax
- $1,812 · $151/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 · 26 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 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
- $26,059
- − Mortgage interest
- −$5,434
- − Property taxes
- −$1,812
- − Insurance
- −$485
- − Repairs & maintenance
- −$2,085
- − Management
- −$2,085
- − HOA
- −$6,168
- − Depreciation
- −$2,822
- Taxable income
- $5,169
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$1,241
- After-tax cash flow
- $4,777/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 · 9 photos
75/100
Cosmetic rehab
Est. rehab $4,290–$12,870 screening
This 1-bedroom, 1-bathroom condo in a sought-after 55+ community in Delray Beach is in good condition with cosmetic updates needed to modernize the kitchen and enhance curb appeal.
Components & finishes AI
Flooring tile
Repairs flagged
- Minor kitchen cabinets — dated design
- Minor kitchen appliances — outdated style
Value-add opportunities
- Both paint exterior — enhances curb appeal and resale value ↑
- Both update kitchen cabinets and appliances — modernizes the space and improves functionality ↑
- Both landscaping — enhances curb appeal and rental value ↑
ⓘ 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 59/100
Zoned Schools
Elementary
Orchard View Elementary School
D
FL #1,182/2,144
Nat'l #14,382/41,679
Middle
Boca Raton Community Middle School
B
FL #135/571
Nat'l #1,793/14,009
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
- Census place
- Delray Beach, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 123,167
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 33,122
- Household income
- $78,163
- Rent vs Own
- Severe rent burden
- 14% 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
- Diverse neighborhood (Simpson 0.62)
- Race & ethnicity
- White 55% Black 24% Hispanic / Latino 11% Two or more races 11% Asian 4%
- Hispanic origin (detail)
- Puerto Rican 3% Cuban 2%
- Common ancestry
- Hispanic 14% Romanian 3% Scotch-Irish 3%
- Foreign-born
- 27% · Canada, Jamaica, Dominican Republic
- Languages at home
- 66% English-only · French/Haitian/Cajun 18% Spanish 9% Other Indo-European 4%
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
- ▼ -258.16%
- Current HPI
- 349.5505
- Rent YoY
- ▲ 1.83%
- 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
-95.4% since first listed14 events — show timeline
- 2026-02-09 Rental Removed $1,650 GFLMLS
- 2026-02-09 Listed $97,000 Beaches MLS
- 2026-01-21 Listed for Rent $1,650 GFLMLS
- 2026-01-17 Rental Removed $1,650 RMLSFL
- 2025-08-01 Listed for Rent $1,650 RMLSFL
- 2025-08-01 Rental Removed $1,650 GFLMLS
- 2025-07-31 Listed for Rent $1,650 GFLMLS
- 2025-06-26 Rental Removed $1,650 RMLSFL
- 2025-02-21 Listed for Rent $1,650 RMLSFL
- 2000-03-21 Sold (Public Records) $28,500 Public Records
- 2000-03-04 Listing Removed — Beaches MLS
- 1999-11-24 Listed $26,900 Beaches MLS
- 1995-04-21 Sold (Public Records) $27,600 Public Records
- 1989-09-12 Sold (Public Records) $36,000 Public Records
Property tax history
+5.3%/yrLatest (2025): $1,812 · +6.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…