3200 Springdale Blvd #107 · Palm Springs, FL 33461

$149,500

2 bd · 1.5 ba · 989 sqft · Condo public records · 87 Days on market

Built 1980 $487/mo HOA · 25% of rent

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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 +18.2/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Public Remarks:Do not miss out on this first floor Beautiful condo. 2 bed 1 1/2 bath. Completely renewed with an open concept kitchen and stainless steal appliances. Amazing tile floor throughout the entire home with fresh paint in every living area. Hurricane proof windows in the front and easy-to-use shutters for the balcony. Excellent area with easy access to front parking

Key facts

• $487 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Senior community
• Financial info: Pets allowed (pet restrictions possible)
• HOA & community: Community has association; Monthly HOA fee; Association amenities: billiard room, clubhouse, fitness center, pool, shuffleboard court, sidewalks, on-site manager, management; HOA covers cable TV, insurance, grounds maintenance, trash, common areas, elevator

Exterior

• Parking: Assigned parking; Guest parking (total 1 space)
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Water available; Sewer available
• Home design: Condominium; 3-story building; Resale condition; Faces east
• Construction: Brick, concrete, CBS construction; Concrete roof
• Exterior features: Screened porch; Porch; Not waterfront

Interior

• Kitchen: Water purifier (owned); Disposal; Dishwasher; ENERGY STAR qualified dishwasher; ENERGY STAR qualified refrigerator; Electric range; Microwave; Refrigerator; Water purifier
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets; Storm windows

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#297 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: Clifford O Taylor/Kirklane Elementary (math 26% / reading 34%, grade F, #1,882 of 2,144 statewide, top 88%, 1,230 students, 80% 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 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 50% district-wide (-22 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 (-2.5%/yr); 274 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 38% of the median local income ($62k/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 $4k 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 87 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 16y 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 $100k; 50% 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 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,530 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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. 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?
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: 1.32% ✓
• Cap rate: 7.37%
• Cash-on-cash: 3.86%
• DSCR: 1.17
• GRM: 6.3

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: -14.7%
• Equity multiple: 0.49×
• Total profit: $-21,170
• Equity at exit: $22,291

10-year hold

• IRR: -14.7%
• Equity multiple: 0.31×
• Total profit: $-28,676
• Equity at exit: $12,926

Cash invested: $41,860 (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 33461

• Rents YoY: -2.5%
• Active inventory: 274
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,977 high
• Mortgage (P&I): −$784
• Tax from tax record: −$94 /mo · $1,125/yr
• Insurance: −$62
• HOA: −$487
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $135

Break-even live

Break-even rent $1,806

Max offer price $149,500

Occupancy floor 88%

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2200 Springdale Blvd #214 Palm Springs, FL	1.0	1.5	756	$1,550	$2.05	3d	1	0.21mi
484 Springdale Cir Unit 48d Palm Springs, FL	2.0	2.0	1102	$2,100	$1.91	17d	1	0.26mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$2,749	$3.14	13d	1	0.27mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	670	$2,352	$3.51	14d	1	0.27mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$3,194	$3.65	22d	1	0.27mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	625	$2,268	$3.63	8d	1	0.27mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,375	$2.50	22d	1	0.35mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,450	$2.64	24d	1	0.35mi
506 Davis Rd Unit 6 Palm Springs, FL	2.0	2.0	958	$1,700	$1.77	24d	1	0.36mi
502 Davis Rd Palm Springs, FL	2.0	1.0–2.0	878	$1,675	$1.91	5d	2	0.37mi
300 Bonnie Blvd #144 Palm Springs, FL	1.0	1.0	702	$1,350	$1.92	24d	1	0.38mi
504 Davis Rd #96 Palm Springs, FL	2.0	2.0	1080	$2,000	$1.85	24d	1	0.38mi
441 San Mateo Dr Palm Springs, FL	3.0	2.0	1092	$3,000	$2.75	24d	1	0.40mi
555 Purdy Ln Palm Springs, FL	1.0	1.0	650	$1,375	$2.12	5d	1	0.40mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.0–1.5	739	$1,850	$2.50	24d	2	0.41mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.5	800	$1,850	$2.31	17d	2	0.41mi
500 Village Green Cir W #107 Palm Springs, FL	2.0	1.5	836	$1,850	$2.21	22d	1	0.41mi
500 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	2d	1	0.41mi
500 Bonnie Blvd #165 Palm Springs, FL	1.0	1.5	782	$1,350	$1.73	24d	1	0.42mi
701 Lori Dr #204 Palm Springs, FL	2.0	2.0	994	$1,700	$1.71	24d	1	0.42mi
200 Bonnie Blvd #132 Palm Springs, FL	1.0	1.0	577	$1,500	$2.60	22d	1	0.43mi
600 Village Green Ct #203 Palm Springs, FL	1.0	1.0	650	$1,300	$2.00	4d	1	0.45mi
240 Alemeda Dr Palm Springs, FL	1.0–2.0	1.0–2.0	825	$1,850	$2.24	24d	3	0.47mi
247 Cypress Ln Unit 246-C12 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	5d	1	0.47mi
247 Cypress Ln Unit 246-C06 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	24d	1	0.47mi
700 Village Green Ct Palm Springs, FL	1.0–2.0	1.5	796	$1,800	$2.26	2d	3	0.48mi
246 Cypress Ln Lake Worth Beach, FL	1.0–2.0	1.0	850	$1,750	$2.06	24d	2	0.48mi
400 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	24d	1	0.50mi
225 Bonnie Blvd Palm Springs, FL	1.0–2.0	1.5–2.0	944	$1,850	$1.96	24d	2	0.56mi
225 Bonnie Blvd #116 Palm Springs, FL	2.0	2.0	988	$1,850	$1.87	19d	1	0.56mi
4403 Anna Ln Unit B Palm Springs, FL	1.0	1.0	740	$1,600	$2.16	8d	1	0.66mi
4098 Linda Ln West Palm Beach, FL	2.0	1.0	860	$2,465	$2.87	24d	1	0.74mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$2,558	$2.65	2d	14	0.75mi
2785 Reo Ln Unit 2 Lake Worth Beach, FL	2.0	1.0	884	$2,300	$2.60	24d	1	0.76mi
4591 Purdy Ln Unit 1 West Palm Beach, FL	2.0	1.0	900	$2,350	$2.61	24d	1	0.81mi
4591 Purdy Ln Unit 2 West Palm Beach, FL	3.0	2.0	850	$3,000	$3.53	24d	1	0.82mi
2255 Ida Way West Palm Beach, FL	2.0	2.0	948	$2,200	$2.32	24d	1	1.02mi
220 Henthorne Dr Palm Springs, FL	1.0–2.0	1.5–2.0	900	$1,850	$2.06	24d	4	1.13mi
100 Rex Ave Palm Springs, FL	2.0	2.0	1000	$1,850	$1.85	24d	3	1.15mi
124 Abaco Dr Palm Springs, FL	3.0	2.0	988	$2,900	$2.94	15d	1	1.27mi

HOA detail condo

• Monthly dues: $487 · $5,844/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 48 events

1. 2026-06-18
   days on market $149,500 Active 87 DOM
2. 2026-06-17
   days on market $149,500 Active 86 DOM
3. 2026-06-16
   days on market $149,500 Active 85 DOM
4. 2026-06-15
   days on market $149,500 Active 84 DOM
5. 2026-06-13
   days on market $149,500 Active 82 DOM
6. 2026-06-09
   days on market $149,500 Active 78 DOM
7. 2026-06-08
   days on market $149,500 Active 77 DOM
8. 2026-06-07
   days on market $149,500 Active 76 DOM
9. 2026-06-04
   days on market $149,500 Active 73 DOM
10. 2026-06-03
    days on market $149,500 Active 72 DOM
11. 2026-06-02
    days on market $149,500 Active 71 DOM
12. 2026-06-01
    days on market $149,500 Active 70 DOM
13. 2026-05-31
    days on market $149,500 Active 69 DOM
14. 2026-03-23
    listed $149,500 Active
15. 2026-02-10
    historical
16. 2026-02-08
    status Active
17. 2026-02-02
    historical
18. 2025-08-02
    listed $149,900 Active
19. 2021-10-26
    soldstatus $100,000
20. 2021-10-08
    soldstatus $100,000 Closed 378-char remark

    Show marketing remark (378 chars)

    Public Remarks:Do not miss out on this first floor Beautiful condo. 2 bed 1 1/2 bath. Completely renewed with an open concept kitchen and stainless steal appliances. Amazing tile floor throughout the entire home with fresh paint in every living area. Hurricane proof windows in the front and easy-to-use shutters for the balcony. Excellent area with easy access to front parking

21. 2021-09-04
    historical Active Under Contract 378-char remark

    Show marketing remark (378 chars)

    Public Remarks:Do not miss out on this first floor Beautiful condo. 2 bed 1 1/2 bath. Completely renewed with an open concept kitchen and stainless steal appliances. Amazing tile floor throughout the entire home with fresh paint in every living area. Hurricane proof windows in the front and easy-to-use shutters for the balcony. Excellent area with easy access to front parking

22. 2021-08-18
    listed $105,000 Active 378-char remark

    Show marketing remark (378 chars)

    Public Remarks:Do not miss out on this first floor Beautiful condo. 2 bed 1 1/2 bath. Completely renewed with an open concept kitchen and stainless steal appliances. Amazing tile floor throughout the entire home with fresh paint in every living area. Hurricane proof windows in the front and easy-to-use shutters for the balcony. Excellent area with easy access to front parking

23. 2021-03-11
    historical
24. 2021-02-05
    price $111,000
25. 2020-11-20
    price $114,000
26. 2020-09-09
    listed $115,000 Active
27. 2018-10-26
    soldstatus $52,500
28. 2018-10-25
    soldstatus $52,500 Closed
29. 2018-09-29
    status Pending
30. 2018-08-20
    price $56,990
31. 2018-08-15
    price $59,800
32. 2018-06-27
    price $59,900
33. 2018-06-20
    status Active
34. 2018-06-06
    status Pending
35. 2018-05-14
    listed $63,900 Active
36. 2017-07-05
    soldstatus $45,000
37. 2017-06-30
    soldstatus $45,000 Closed
38. 2017-06-04
    status Pending
39. 2017-06-01
    listed $49,900 Active
40. 2012-02-10
    soldstatus $27,000
41. 2012-02-06
    soldstatus $27,000
42. 2012-02-01
    historical
43. 2012-01-10
    listed $27,000
44. 2011-12-28
    historical
45. 2011-06-28
    listed $34,000
46. 2011-01-15
    historical
47. 2010-07-15
    listed $52,900
48. 1995-05-02
    soldstatus $37,000

ⓘ 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: $1,125 · $94/mo
• Projected year-2 tax: $1,241 · $103/mo
• Expected delta: +$116/yr (+$10/mo · 10.3%)

ⓘ 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 ≥105°F today · 26 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: $23,722
• − Mortgage interest: −$8,374
• − Property taxes: −$1,125
• − Insurance: −$748
• − Repairs & maintenance: −$1,898
• − Management: −$1,898
• − HOA: −$5,844
• − Depreciation: −$4,349
• Taxable loss: −$513
• Est. tax savings @ 24.0%: +$123
• After-tax cash flow: $1,739/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 — Palm Springs

• Score: 73/100
• State rank: #297
• US rank: #5045

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Springs, FL
• County: Palm Beach County · 1,438,312 people
• City population: 49,443
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 49,443
• Household income: $61,963
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 2663.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 59% Two or more races 26% White 20% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6% Cuban 16% Dominican 2%
• Common ancestry: Hispanic 9% Romanian 1% Lithuanian 1%
• Foreign-born: 52% · Canada, Jamaica
• Languages at home: 31% English-only · Spanish 54% 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: ▼ -269.03%
• Current HPI: 493.0041
• Rent YoY: ▼ -2.47%
• 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

+304.1% since first listed

35 events — show timeline

• 2026-03-23 Listed $149,500 Beaches MLS
• 2026-02-10 Listing Removed — Beaches MLS
• 2026-02-08 Relisted — Beaches MLS
• 2026-02-02 Listing Removed — Beaches MLS
• 2025-08-02 Listed $149,900 Beaches MLS
• 2021-10-26 Sold (Public Records) $100,000 Public Records
• 2021-10-08 Sold (MLS) $100,000 Beaches MLS
• 2021-09-04 Contingent — Beaches MLS
• 2021-08-18 Listed $105,000 Beaches MLS
• 2021-03-11 Listing Removed — Beaches MLS
• 2021-02-05 Price Changed $111,000 Beaches MLS
• 2020-11-20 Price Changed $114,000 Beaches MLS
• 2020-09-09 Listed $115,000 Beaches MLS
• 2018-10-26 Sold (Public Records) $52,500 Public Records
• 2018-10-25 Sold (MLS) $52,500 Beaches MLS
• 2018-09-29 Pending — Beaches MLS
• 2018-08-20 Price Changed $56,990 Beaches MLS
• 2018-08-15 Price Changed $59,800 Beaches MLS
• 2018-06-27 Price Changed $59,900 Beaches MLS
• 2018-06-20 Relisted — Beaches MLS
• 2018-06-06 Pending — Beaches MLS
• 2018-05-14 Listed $63,900 Beaches MLS
• 2017-07-05 Sold (Public Records) $45,000 Public Records
• 2017-06-30 Sold (MLS) $45,000 Beaches MLS
• 2017-06-04 Pending — Beaches MLS
• 2017-06-01 Listed $49,900 Beaches MLS
• 2012-02-10 Sold (Public Records) $27,000 Public Records
• 2012-02-06 Sold (MLS) $27,000 Beaches MLS
• 2012-02-01 Listing Removed — Beaches MLS
• 2012-01-10 Listed $27,000 Beaches MLS
• 2011-12-28 Listing Removed — Beaches MLS
• 2011-06-28 Listed $34,000 Beaches MLS
• 2011-01-15 Listing Removed — Beaches MLS
• 2010-07-15 Listed $52,900 Beaches MLS
• 1995-05-02 Sold (Public Records) $37,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $1,125 · +4.1% YoY. Source: county tax records.