3303 Kirk Rd #1 · Palm Springs, FL 33461

$185,000

3 bd · 2.0 ba · 1,076 sqft · Condo public records · 134 Days on market

Built 1982 $330/mo HOA · 14% 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 +24.9/30.0
• DSCR +8.1/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• 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

A 3/2 CONDOMINIUM WITH AN IN-TOWN LOCATION. THIS IS NOT A MISS PRINT, IT'S TRUE. GREAT SHAPE. END UNIT WITH SCREENED PORCH. THIS WILL NOT LAST. HURRY THIS WILL NOT LAST. A LARGE 3/2 WITH INTOWN LOCATION. COMMUNITY SWIMMING POOL. LOTS OF PARKING. CLOSE TO ALL AMMENITIES.

Key facts

• Screened patio
• Tiled floors
• Washer and dryer

Tags

• TILED FLOORS
• CENTRAL AIR
• FIRST FLOOR CORNER UNIT
• SCREENED PATIO
• WASHER AND DRYER
• CENTRALLY LOCATED

Property features AI

Finance

• HOA & community: HOA with monthly fee ($330) covering water and common areas; Association reports no additional listed amenities; Pets allowed

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Condominium; Two-story building; Faces north; Resale property
• Construction: CBS construction
• Exterior features: Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No notable built-in interior features reported; Unfurnished

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $185k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% 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+, schools 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.
• 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 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).
• This rent runs 45% 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 $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 134 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y 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 $47k; list at $185k implies a 294% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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. 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: 1.25% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.22%
• DSCR: 1.41
• GRM: 6.7

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: -6.1%
• Equity multiple: 0.78×
• Total profit: $-11,265
• Equity at exit: $27,584

10-year hold

• IRR: -0.9%
• Equity multiple: 0.95×
• Total profit: $-2,789
• Equity at exit: $15,995

Cash invested: $51,800 (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: 6.7×

Monthly cashflow live

• Estimated rent: $2,307 high
• Mortgage (P&I): −$970
• Tax from tax record: −$47 /mo · $565/yr
• Insurance: −$77
• HOA: −$330
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $398

Break-even live

Break-even rent $1,803

Max offer price $185,000

Occupancy floor 78%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4063 Belle Rd Unit B Lake Worth Beach, FL	2.0	1.0	1200	$1,900	$1.58	15d	1	0.09mi
3733 Kirk Rd Lake Worth, FL	2.0	1.0	1170	$2,350	$2.01	22d	1	0.41mi
3125 Shelby Way Palm Springs, FL	3.0	2.0	1408	$3,000	$2.13	20d	1	0.48mi
4270 Lakewood Rd Unit 308 Lake Worth Beach, FL	3.0	2.0	1100	$2,350	$2.14	14d	1	0.52mi
4290 Lakewood Rd Unit 107 Lake Worth Beach, FL	2.0	2.0	1100	$2,200	$2.00	14d	1	0.55mi
2785 Reo Ln Unit 2 Lake Worth Beach, FL	2.0	1.0	884	$2,300	$2.60	24d	1	0.57mi
4260 Lakewood Rd Unit 302 Lake Worth Beach, FL	2.0	2.0	1100	$2,200	$2.00	14d	1	0.58mi
4260 Lakewood Rd Unit 206 Lake Worth Beach, FL	3.0	2.0	1100	$2,350	$2.14	14d	1	0.58mi
4250 Lakewood Rd Unit 101 Lake Worth Beach, FL	2.0	2.0	1100	$2,150	$1.95	24d	1	0.59mi
3901 Lakewood Rd Unit A Lake Worth Beach, FL	2.0	1.0	704	$2,000	$2.84	24d	1	0.62mi
3868 Patio Ct #5 Lake Worth, FL	3.0	2.5	1446	$2,850	$1.97	18d	1	0.63mi
6003 Waterview Cir Palm Springs, FL	3.0	2.5	1500	$2,550	$1.70	24d	1	0.64mi
3662 Davis Rd Unit 3664 Palm Springs, FL	3.0	2.0	1000	$1,999	$2.00	7d	1	0.64mi
3662 Davis Rd Palm Springs, FL	3.0	2.0	1000	$1,999	$2.00	4d	1	0.64mi
3662 Davis Rd Palm Springs, FL	2.0	2.0	1000	$1,949	$1.95	14d	1	0.64mi
4098 Linda Ln West Palm Beach, FL	2.0	1.0	860	$2,465	$2.87	24d	1	0.65mi
3574 Montante Blvd Palm Springs, FL	2.0	1.0	850	$1,950	$2.29	24d	1	0.68mi
3525 Montante Blvd Lake Worth Beach, FL	2.0	1.0	850	$1,950	$2.29	24d	1	0.70mi
1802 Waterview Cir #1802 Palm Springs, FL	2.0	2.0	951	$1,925	$2.02	24d	1	0.71mi
124 Abaco Dr Palm Springs, FL	3.0	2.0	988	$2,900	$2.94	15d	1	0.80mi
1016 Manor Dr Unit 5c Palm Springs, FL	2.0	2.0	1098	$2,256	$2.05	24d	1	0.80mi
965 Manor Dr Palm Springs, FL	2.0	1.0	687	$1,995	$2.90	1d	5	0.81mi
120 Williams Ct Palm Springs, FL	3.0	2.5	1498	$2,400	$1.60	17d	1	0.81mi
113 Hemingway Ct Palm Springs, FL	3.0	2.5	1498	$2,400	$1.60	20d	1	0.83mi
1020 Manor Dr Palm Springs, FL	2.0	2.0	1098	$2,200	$2.00	22d	1	0.83mi
100 Hemingway Ct Palm Springs, FL	3.0	2.5	1498	$2,400	$1.60	5d	1	0.85mi
4026 Hot Springs Ave Lake Worth, FL	3.0	2.5	1485	$2,585	$1.74	24d	1	0.87mi
1065 Manor Dr Palm Springs, FL	2.0	2.0	1098	$2,100	$1.91	3d	1	0.87mi
3537 Joshua Tree St Lake Worth, FL	3.0	2.5	1485	$2,550	$1.72	14d	1	0.88mi
220 Henthorne Dr Palm Springs, FL	1.0–2.0	1.5–2.0	900	$1,850	$2.06	24d	4	0.88mi
3533 Joshua Tree St Lake Worth, FL	3.0	2.5	1485	$2,575	$1.73	24d	1	0.88mi
120 S Price St Lake Worth Beach, FL	3.0	1.0	864	$2,725	$3.15	24d	1	0.89mi
4171 Gulfstream Rd Lake Worth, FL	3.0	2.5	1194	$2,700	$2.26	24d	1	0.89mi
1631 Cypress Way E Palm Springs, FL	3.0	2.5	1365	$2,350	$1.72	5d	1	0.93mi
700 Village Green Ct Palm Springs, FL	1.0–2.0	1.5	796	$1,800	$2.26	1d	3	0.93mi
3750 Mil Race Ct Unit 3774 Greenacres, FL	2.0	2.0	921	$2,100	$2.28	24d	1	0.94mi
3750 Mil-Race Ct Unit 3769 Greenacres, FL	2.0	2.0	921	$2,350	$2.55	24d	1	0.94mi
3762 Mil Race Ct Greenacres, FL	3.0	2.0	921	$2,250	$2.44	24d	1	0.96mi
451 Cypress Way W Palm Springs, FL	3.0	2.5	1365	$2,800	$2.05	24d	1	0.96mi
4259 Royal Banyan Way Unit B Lake Worth Beach, FL	2.0	1.0	900	$2,150	$2.39	24d	1	0.98mi

HOA detail condo

• Monthly dues: $330 · $3,960/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $185,000 Active 134 DOM
2. 2026-06-17
   days on market $185,000 Active 133 DOM
3. 2026-06-16
   days on market $185,000 Active 132 DOM
4. 2026-06-15
   days on market $185,000 Active 131 DOM
5. 2026-06-13
   days on market $185,000 Active 129 DOM
6. 2026-06-09
   days on market $185,000 Active 125 DOM
7. 2026-06-07
   days on market $185,000 Active 123 DOM
8. 2026-06-04
   days on market $185,000 Active 120 DOM
9. 2026-06-03
   days on market $185,000 Active 119 DOM
10. 2026-06-01
    days on market $185,000 Active 117 DOM
11. 2026-05-31
    days on market $185,000 Active 116 DOM
12. 2026-02-04
    listed $185,000 Active
13. 2026-01-08
    historical $2,350
14. 2025-12-16
    listed $2,350
15. 2001-11-19
    soldstatus $47,000
16. 2001-11-02
    soldstatus $30,000 270-char remark

    Show marketing remark (270 chars)

    A 3/2 CONDOMINIUM WITH AN IN-TOWN LOCATION. THIS IS NOT A MISS PRINT, IT'S TRUE. GREAT SHAPE. END UNIT WITH SCREENED PORCH. THIS WILL NOT LAST. HURRY THIS WILL NOT LAST. A LARGE 3/2 WITH INTOWN LOCATION. COMMUNITY SWIMMING POOL. LOTS OF PARKING. CLOSE TO ALL AMMENITIES.

17. 2001-10-15
    historical 270-char remark

    Show marketing remark (270 chars)

    A 3/2 CONDOMINIUM WITH AN IN-TOWN LOCATION. THIS IS NOT A MISS PRINT, IT'S TRUE. GREAT SHAPE. END UNIT WITH SCREENED PORCH. THIS WILL NOT LAST. HURRY THIS WILL NOT LAST. A LARGE 3/2 WITH INTOWN LOCATION. COMMUNITY SWIMMING POOL. LOTS OF PARKING. CLOSE TO ALL AMMENITIES.

18. 2001-08-24
    listed $47,000 270-char remark

    Show marketing remark (270 chars)

    A 3/2 CONDOMINIUM WITH AN IN-TOWN LOCATION. THIS IS NOT A MISS PRINT, IT'S TRUE. GREAT SHAPE. END UNIT WITH SCREENED PORCH. THIS WILL NOT LAST. HURRY THIS WILL NOT LAST. A LARGE 3/2 WITH INTOWN LOCATION. COMMUNITY SWIMMING POOL. LOTS OF PARKING. CLOSE TO ALL AMMENITIES.

ⓘ 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: $565 · $47/mo
• Projected year-2 tax: $1,536 · $128/mo
• Expected delta: +$971/yr (+$81/mo · 172.0%)

ⓘ 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 7 d/yr ≥105°F today · 25 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: $27,680
• − Mortgage interest: −$10,363
• − Property taxes: −$565
• − Insurance: −$925
• − Repairs & maintenance: −$2,214
• − Management: −$2,214
• − HOA: −$3,960
• − Depreciation: −$5,382
• Taxable income: $2,057
• Est. tax owed @ 24.0%: −$494
• After-tax cash flow: $4,282/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

• 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

+293.6% since first listed

7 events — show timeline

• 2026-02-04 Listed $185,000 Beaches MLS
• 2026-01-08 Rental Removed $2,350 RMLSFL
• 2025-12-16 Listed for Rent $2,350 RMLSFL
• 2001-11-19 Sold (Public Records) $47,000 Public Records
• 2001-11-02 Sold (MLS) $30,000 Beaches MLS
• 2001-10-15 Listing Removed — Beaches MLS
• 2001-08-24 Listed $47,000 Beaches MLS

Property tax history

+1.7%/yr

Latest (2025): $565 · +5.2% YoY. Source: county tax records.