4122 Bougainvillea St · Pine Air, FL 33406

$325,000

3 bd · 3.0 ba · 1,512 sqft · SingleFamily public records · 3 Days on market

Built 1955 0.34 ac lot

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Why this score? — see what drove the D 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 +13.2/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• 1% rule +4.0/10.0
• DSCR +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALLING ALL FIRST TIME HOMEBUYERS!!!JUST THINK NO HOA FEES & TOTAL FREEDOM. HAVE YOUR PETS AN RV, TRUCK OR BOAT. PLANT WHAT YOU WANT. THIS HOME IS ON A DOUBLE LOT WITH ROOM FOR A POOL. CBS HOME IS A SPACIOUS 3/3 WITH A LARGE DEN. TILE THROUGHOUT (NO STINKY CARPET). MID CENTURY MODERN GREAT FOR A FIRST TIME BUYER OR THE PERSON WHO HAD THE CONDO AND WANTS A SFH. ALL ROOMS ARE SPACIOUS WITH WINDOWS FOR LOTS OF LIGHT. BIG CIRCULAR DRIVEWAY FOR PARKING FOR THOSE PARTIES. YARD IS HUGE HAS A MANGO, AVOCADO TREE + 2 OAKS A GARDNERS PARADISE! FENCED, FENCED!!! WAIT IT GETS BETTER YOU HAVE A CARPORT WITH ENTRY RIGHT INTO YOUR HOME. WHERE ARE YOU GOING TO GET A HOME LIKE THIS FOR THIS PRICE? CLOSE TO DOWNTOWN AND BEACHES.

Key facts

• 0.34 acre lot
• 2 parking spots
• Built 1955

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Two parking spaces total; Attached carport (1 covered space); Driveway
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single-family residence; One level / single story; First-floor entry; North-facing
• Construction: Concrete block with stucco construction; Shingle roof; Slab foundation; Built as a resale property
• Exterior features: Back yard fencing (fenced); Paved road access; Not waterfront

Interior

• Bedrooms: Three bedrooms on the main level
• Flooring: Tile; Vinyl; Other
• Bathrooms: Three full bathrooms on the main level
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Unfurnished; Washer hookup; Other window features
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-3 ($-40/yr) — negative.
• To cash-flow at today's rent, offer at most $324k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $291k (10.3% below list).
• Recommended offer: $291k (10.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#270 in FL, #4,410 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A; Watch: employment C-, 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: Berkshire Elementary School (math 46% / reading 51%, grade D, #1,152 of 2,144 statewide, top 55%, 1,046 students, 70% 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 69% FRL vs 52% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 50% district-wide (-12 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 flat; 99 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• At $2,914/mo this rent would consume 45% of the median local household income ($77k/yr) (locally 768% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 $140k; list at $325k implies a 132% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $291,424 (10.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.68% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.35×
• Total profit: $-59,443
• Equity at exit: $48,459

10-year hold

• IRR: -17.4%
• Equity multiple: 0.15×
• Total profit: $-77,750
• Equity at exit: $28,100

Cash invested: $91,000 (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 33406

• Rents YoY: 0.7%
• Active inventory: 99
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,914 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$466 /mo · $5,590/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$612
• Net cashflow: $-3

Break-even live

Break-even rent $2,918

Max offer price $324,415

Occupancy floor 95%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
287 Bella Sol Way West Palm Beach, FL	3.0	2.5	1858	$3,100	$1.67	24d	1	0.93mi
1317 Willow Rd West Palm Beach, FL	3.0	2.0	1502	$3,200	$2.13	15d	1	0.97mi
317 Woodland Rd Palm Springs, FL	3.0	2.5	1722	$2,750	$1.60	15d	1	1.01mi
744 Springdale Cir Palm Springs, FL	3.0	2.5	1540	$2,900	$1.88	24d	1	1.06mi
724 Springdale Cir Palm Springs, FL	3.0	2.5	1540	$2,600	$1.69	15d	1	1.08mi
484 Springdale Cir Unit 48d Palm Springs, FL	2.0	2.0	1102	$2,100	$1.91	16d	1	1.13mi
462 S Haverhill Rd West Palm Beach, FL	3.0	2.0	1540	$3,400	$2.21	17d	1	1.15mi
564 Springdale Cir Palm Springs, FL	2.0	2.0	1372	$2,500	$1.82	24d	1	1.19mi
504 Davis Rd #96 Palm Springs, FL	2.0	2.0	1080	$2,000	$1.85	24d	1	1.22mi
5120 El Claro S West Palm Beach, FL	4.0	2.0	1531	$3,500	$2.29	24d	1	1.22mi
1148 Summit Trail Cir Unit D West Palm Beach, FL	3.0	2.0	1332	$3,100	$2.33	15d	1	1.23mi
5360 Kim Ct West Palm Beach, FL	3.0	2.0	1407	$3,100	$2.20	24d	1	1.26mi
2185 E Carrol Cir West Palm Beach, FL	3.0	2.0	1296	$2,800	$2.16	14d	1	1.26mi
1631 Cypress Way E Palm Springs, FL	3.0	2.5	1365	$2,350	$1.72	5d	1	1.33mi
441 San Mateo Dr Palm Springs, FL	3.0	2.0	1092	$3,000	$2.75	24d	1	1.34mi
1051 Summit Place Cir Unit D West Palm Beach, FL	3.0	2.0	1332	$2,600	$1.95	24d	1	1.36mi
451 Cypress Way W Palm Springs, FL	3.0	2.5	1365	$2,800	$2.05	24d	1	1.36mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$3,060	$3.18	2d	14	1.41mi
1187 Winding Rose Way West Palm Beach, FL	4.0	2.0	1584	$2,950	$1.86	24d	1	1.43mi
416 San Mateo Dr Palm Springs, FL	4.0	3.0	1886	$3,750	$1.99	24d	1	1.43mi
1364 Climbing Rose Ln West Palm Beach, FL	3.0	2.0	1492	$2,700	$1.81	24d	1	1.46mi
5095 Rambler Rose Way West Palm Beach, FL	4.0	2.5	2047	$2,975	$1.45	24d	1	1.48mi
5110 Rambler Rose Way West Palm Beach, FL	4.0	3.5	1837	$3,100	$1.69	24d	1	1.50mi

Listing history 11 events

1. 2026-05-11
   status Pending
2. 2026-05-08
   listed $325,000 Active
3. 2014-08-26
   soldstatus $140,000
4. 2014-08-20
   soldstatus $140,000 Closed 727-char remark

   Show marketing remark (727 chars)

   CALLING ALL FIRST TIME HOMEBUYERS!!!JUST THINK NO HOA FEES & TOTAL FREEDOM. HAVE YOUR PETS AN RV, TRUCK OR BOAT. PLANT WHAT YOU WANT. THIS HOME IS ON A DOUBLE LOT WITH ROOM FOR A POOL. CBS HOME IS A SPACIOUS 3/3 WITH A LARGE DEN. TILE THROUGHOUT (NO STINKY CARPET). MID CENTURY MODERN GREAT FOR A FIRST TIME BUYER OR THE PERSON WHO HAD THE CONDO AND WANTS A SFH. ALL ROOMS ARE SPACIOUS WITH WINDOWS FOR LOTS OF LIGHT. BIG CIRCULAR DRIVEWAY FOR PARKING FOR THOSE PARTIES. YARD IS HUGE HAS A MANGO, AVOCADO TREE + 2 OAKS A GARDNERS PARADISE! FENCED, FENCED!!! WAIT IT GETS BETTER YOU HAVE A CARPORT WITH ENTRY RIGHT INTO YOUR HOME. WHERE ARE YOU GOING TO GET A HOME LIKE THIS FOR THIS PRICE? CLOSE TO DOWNTOWN AND BEACHES.

5. 2014-08-09
   status Pending 727-char remark

   Show marketing remark (727 chars)

   CALLING ALL FIRST TIME HOMEBUYERS!!!JUST THINK NO HOA FEES & TOTAL FREEDOM. HAVE YOUR PETS AN RV, TRUCK OR BOAT. PLANT WHAT YOU WANT. THIS HOME IS ON A DOUBLE LOT WITH ROOM FOR A POOL. CBS HOME IS A SPACIOUS 3/3 WITH A LARGE DEN. TILE THROUGHOUT (NO STINKY CARPET). MID CENTURY MODERN GREAT FOR A FIRST TIME BUYER OR THE PERSON WHO HAD THE CONDO AND WANTS A SFH. ALL ROOMS ARE SPACIOUS WITH WINDOWS FOR LOTS OF LIGHT. BIG CIRCULAR DRIVEWAY FOR PARKING FOR THOSE PARTIES. YARD IS HUGE HAS A MANGO, AVOCADO TREE + 2 OAKS A GARDNERS PARADISE! FENCED, FENCED!!! WAIT IT GETS BETTER YOU HAVE A CARPORT WITH ENTRY RIGHT INTO YOUR HOME. WHERE ARE YOU GOING TO GET A HOME LIKE THIS FOR THIS PRICE? CLOSE TO DOWNTOWN AND BEACHES.

6. 2014-07-21
   historical Contingent 727-char remark

   Show marketing remark (727 chars)

   CALLING ALL FIRST TIME HOMEBUYERS!!!JUST THINK NO HOA FEES & TOTAL FREEDOM. HAVE YOUR PETS AN RV, TRUCK OR BOAT. PLANT WHAT YOU WANT. THIS HOME IS ON A DOUBLE LOT WITH ROOM FOR A POOL. CBS HOME IS A SPACIOUS 3/3 WITH A LARGE DEN. TILE THROUGHOUT (NO STINKY CARPET). MID CENTURY MODERN GREAT FOR A FIRST TIME BUYER OR THE PERSON WHO HAD THE CONDO AND WANTS A SFH. ALL ROOMS ARE SPACIOUS WITH WINDOWS FOR LOTS OF LIGHT. BIG CIRCULAR DRIVEWAY FOR PARKING FOR THOSE PARTIES. YARD IS HUGE HAS A MANGO, AVOCADO TREE + 2 OAKS A GARDNERS PARADISE! FENCED, FENCED!!! WAIT IT GETS BETTER YOU HAVE A CARPORT WITH ENTRY RIGHT INTO YOUR HOME. WHERE ARE YOU GOING TO GET A HOME LIKE THIS FOR THIS PRICE? CLOSE TO DOWNTOWN AND BEACHES.

7. 2014-07-16
   listed $149,000 Active 727-char remark

   Show marketing remark (727 chars)

   CALLING ALL FIRST TIME HOMEBUYERS!!!JUST THINK NO HOA FEES & TOTAL FREEDOM. HAVE YOUR PETS AN RV, TRUCK OR BOAT. PLANT WHAT YOU WANT. THIS HOME IS ON A DOUBLE LOT WITH ROOM FOR A POOL. CBS HOME IS A SPACIOUS 3/3 WITH A LARGE DEN. TILE THROUGHOUT (NO STINKY CARPET). MID CENTURY MODERN GREAT FOR A FIRST TIME BUYER OR THE PERSON WHO HAD THE CONDO AND WANTS A SFH. ALL ROOMS ARE SPACIOUS WITH WINDOWS FOR LOTS OF LIGHT. BIG CIRCULAR DRIVEWAY FOR PARKING FOR THOSE PARTIES. YARD IS HUGE HAS A MANGO, AVOCADO TREE + 2 OAKS A GARDNERS PARADISE! FENCED, FENCED!!! WAIT IT GETS BETTER YOU HAVE A CARPORT WITH ENTRY RIGHT INTO YOUR HOME. WHERE ARE YOU GOING TO GET A HOME LIKE THIS FOR THIS PRICE? CLOSE TO DOWNTOWN AND BEACHES.

8. 2001-12-07
   soldstatus $107,500
9. 2001-10-01
   soldstatus $107,500 190-char remark

   Show marketing remark (190 chars)

   GREAT FENCED YARD W/ CIRCULAR DRIVEWAY. W/ NO HOA YOU CAN HAVE BOATS, TRU- CKS, + ANIMALS RIGHT IN TOWN!!! LUSH GARDEN SETTING W/ LOTS OF FRUIT TREES, STORAGE SHED + STORAGE IN CARPORT AREA.

10. 2001-09-30
    historical 190-char remark

    Show marketing remark (190 chars)

    GREAT FENCED YARD W/ CIRCULAR DRIVEWAY. W/ NO HOA YOU CAN HAVE BOATS, TRU- CKS, + ANIMALS RIGHT IN TOWN!!! LUSH GARDEN SETTING W/ LOTS OF FRUIT TREES, STORAGE SHED + STORAGE IN CARPORT AREA.

11. 2001-08-10
    listed $110,900 190-char remark

    Show marketing remark (190 chars)

    GREAT FENCED YARD W/ CIRCULAR DRIVEWAY. W/ NO HOA YOU CAN HAVE BOATS, TRU- CKS, + ANIMALS RIGHT IN TOWN!!! LUSH GARDEN SETTING W/ LOTS OF FRUIT TREES, STORAGE SHED + STORAGE IN CARPORT AREA.

ⓘ 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: $5,590 · $466/mo
• Projected year-2 tax: $5,590 · $466/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 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,971
• − Mortgage interest: −$18,205
• − Property taxes: −$5,590
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,798
• − Management: −$2,798
• − Depreciation: −$9,455
• Taxable loss: −$5,499
• Est. tax savings @ 24.0%: +$1,320
• After-tax cash flow: $1,280/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 — Pine Air

• Score: 74/100
• State rank: #270
• US rank: #4410

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Air, FL
• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 26,945
• Household income: $77,075
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 768.0

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 54% White 33% Two or more races 29% Black 8% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Cuban 17% Dominican 5% Salvadoran 1%
• Common ancestry: Hispanic 3% Lithuanian 2% Romanian 1%
• Foreign-born: 39% · Canada, Jamaica, Vietnam
• Languages at home: 45% English-only · Spanish 49% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▼ -384.39%
• Current HPI: 441.2523
• Rent YoY: ▲ 0.68%
• 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

+193.1% since first listed

11 events — show timeline

• 2026-05-11 Pending — Beaches MLS
• 2026-05-08 Listed $325,000 Beaches MLS
• 2014-08-26 Sold (Public Records) $140,000 Public Records
• 2014-08-20 Sold (MLS) $140,000 Beaches MLS
• 2014-08-09 Pending — Beaches MLS
• 2014-07-21 Contingent — Beaches MLS
• 2014-07-16 Listed $149,000 Beaches MLS
• 2001-12-07 Sold (Public Records) $107,500 Public Records
• 2001-10-01 Sold (MLS) $107,500 Beaches MLS
• 2001-09-30 Listing Removed — Beaches MLS
• 2001-08-10 Listed $110,900 Beaches MLS

Property tax history

+13.0%/yr

Latest (2025): $5,590 · +6.7% YoY. Source: county tax records.