1926 Ramsey Dr · Lake Worth Beach, FL 33461

$585,000

5 bd · 2.0 ba · 2,511 sqft · SingleFamily public records · 710 Days on market

Built 1957 9,418 sqft lot

---

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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SUPER SPACIOUS HOME IN GREAT AREA * BEAUTIFUL GOURMET KITCHEN WITH WOOD CABINETS, DOUBLE WALL OVEN, COOK TOP RANGE, DOUBLE DOOR REFRIGERATOR, UPRIGHT FREEZER, BREAKFAST BAR WITH SEPARATE SINK! * SPACIOUS LIVING/DINING ROOM * OVER SIZED FAMILY ROOM WITH POOL TABLE AREA AND WET BAR! SLIDING DOORS LEAD TO OPEN PATIO AND HUGE FENCED YARD * THIS HOME IS PERFECT FOR THE LARGE FAMILY AND GREAT FOR ENTERTAINING * 2 VERY LARGE BEDROOMS PLUS ONE STANDARD SIZE WITH UPDATED BATH * THIS HOME JUST NEEDS SOME PERSONAL TOUCHES TO MAKE IT RIGHT FOR YOU! ORIGINAL HOUSE IS CBS, ADDITION IS FRAME STUCCO * LOCATED ONE BLOCK FROM LAKE OSBORNE - PERFECT FOR LONG WALKS AROUND THE LAKE. NEAR MAJOR HIGHWAYS, SHOPPING AND SCHOOLS. OWNER HAS PUT A PRICE ON IT TO SELL FAST. .. .STEAL IT TODAY!!!

Key facts

• 9,418 sq ft lot
• Parking
• Built 1957

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property; Faces east
• Construction: Block construction
• Exterior features: Fenced yard; Shed(s)

Interior

• Bedrooms: Bedroom on main level
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Ceiling fans
• Interior features: Bedroom on main level; Family/dining room; First-floor entry; Tile flooring
• Laundry & utility: Laundry room; Utility room

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $585k.

Deal economics

• At list price, monthly cash flow is $827 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $585k).
• Recommended offer: $515k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $6,164/mo this rent would consume 119% of the median local household income ($62k/yr) (locally 2663% 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 $4k of loan paydown is wiped out by about $18k 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 710 days — a 12% lower offer ($515k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $110k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $192k; list at $585k implies a 205% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $514,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 710 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.05% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.06%
• DSCR: 1.27
• GRM: 7.9

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: -10.4%
• Equity multiple: 0.63×
• Total profit: $-60,087
• Equity at exit: $87,225

10-year hold

• IRR: -5.9%
• Equity multiple: 0.67×
• Total profit: $-53,927
• Equity at exit: $50,580

Cash invested: $163,800 (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: 7.9×

Monthly cashflow live

• Estimated rent: $6,164 medium
• Mortgage (P&I): −$3,068
• Tax est. 1.5%: −$731 /mo · $8,775/yr
• Insurance: −$244
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,295
• Net cashflow: $827

Break-even live

Break-even rent $5,117

Max offer price $585,000

Occupancy floor 82%

Sensitivity live

Price	-10% $1,231	-5% $1,029	+0% $827	+5% $625	+10% $423
Rent	-10% $340	-5% $584	+0% $827	+5% $1,071	+10% $1,314
Rate	-1.0pp $1,122	-0.5pp $976	base $827	+0.5pp $676	+1.0pp $521

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: $146,250
• Closing costs: $17,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5574 Lake Osborne Dr Lake Worth Beach, FL	4.0	3.0	1872	$10,000	$5.34	25d	1	0.76mi
130 S Ocean Breeze Lake Worth Beach, FL	4.0	3.5	2480	$6,500	$2.62	25d	1	1.43mi
2393 Crawford Ct Lake Worth, FL	4.0	3.0	2330	$4,100	$1.76	15d	1	1.47mi

Listing history 25 events

1. 2026-06-18
   days on market $585,000 Active 710 DOM
2. 2026-06-17
   days on market $585,000 Active 709 DOM
3. 2026-06-16
   days on market $585,000 Active 708 DOM
4. 2026-06-15
   days on market $585,000 Active 707 DOM
5. 2026-06-13
   days on market $585,000 Active 705 DOM
6. 2026-06-09
   days on market $585,000 Active 701 DOM
7. 2026-06-07
   days on market $585,000 Active 699 DOM
8. 2026-06-04
   days on market $585,000 Active 696 DOM
9. 2026-06-03
   days on market $585,000 Active 695 DOM
10. 2026-06-01
    days on market $585,000 Active 693 DOM
11. 2026-05-31
    days on market $585,000 Active 692 DOM
12. 2025-12-26
    price $585,000
13. 2025-06-25
    price $610,000
14. 2024-10-06
    price $645,000
15. 2024-07-08
    listed $695,000 Active
16. 2010-05-27
    soldstatus $192,000
17. 2010-03-30
    soldstatus $192,000 784-char remark

    Show marketing remark (784 chars)

    SUPER SPACIOUS HOME IN GREAT AREA * BEAUTIFUL GOURMET KITCHEN WITH WOOD CABINETS, DOUBLE WALL OVEN, COOK TOP RANGE, DOUBLE DOOR REFRIGERATOR, UPRIGHT FREEZER, BREAKFAST BAR WITH SEPARATE SINK! * SPACIOUS LIVING/DINING ROOM * OVER SIZED FAMILY ROOM WITH POOL TABLE AREA AND WET BAR! SLIDING DOORS LEAD TO OPEN PATIO AND HUGE FENCED YARD * THIS HOME IS PERFECT FOR THE LARGE FAMILY AND GREAT FOR ENTERTAINING * 2 VERY LARGE BEDROOMS PLUS ONE STANDARD SIZE WITH UPDATED BATH * THIS HOME JUST NEEDS SOME PERSONAL TOUCHES TO MAKE IT RIGHT FOR YOU! ORIGINAL HOUSE IS CBS, ADDITION IS FRAME STUCCO * LOCATED ONE BLOCK FROM LAKE OSBORNE - PERFECT FOR LONG WALKS AROUND THE LAKE. NEAR MAJOR HIGHWAYS, SHOPPING AND SCHOOLS. OWNER HAS PUT A PRICE ON IT TO SELL FAST. .. .STEAL IT TODAY!!!

18. 2010-02-19
    historical 784-char remark

    Show marketing remark (784 chars)

    SUPER SPACIOUS HOME IN GREAT AREA * BEAUTIFUL GOURMET KITCHEN WITH WOOD CABINETS, DOUBLE WALL OVEN, COOK TOP RANGE, DOUBLE DOOR REFRIGERATOR, UPRIGHT FREEZER, BREAKFAST BAR WITH SEPARATE SINK! * SPACIOUS LIVING/DINING ROOM * OVER SIZED FAMILY ROOM WITH POOL TABLE AREA AND WET BAR! SLIDING DOORS LEAD TO OPEN PATIO AND HUGE FENCED YARD * THIS HOME IS PERFECT FOR THE LARGE FAMILY AND GREAT FOR ENTERTAINING * 2 VERY LARGE BEDROOMS PLUS ONE STANDARD SIZE WITH UPDATED BATH * THIS HOME JUST NEEDS SOME PERSONAL TOUCHES TO MAKE IT RIGHT FOR YOU! ORIGINAL HOUSE IS CBS, ADDITION IS FRAME STUCCO * LOCATED ONE BLOCK FROM LAKE OSBORNE - PERFECT FOR LONG WALKS AROUND THE LAKE. NEAR MAJOR HIGHWAYS, SHOPPING AND SCHOOLS. OWNER HAS PUT A PRICE ON IT TO SELL FAST. .. .STEAL IT TODAY!!!

19. 2009-08-13
    listed $199,900 784-char remark

    Show marketing remark (784 chars)

    SUPER SPACIOUS HOME IN GREAT AREA * BEAUTIFUL GOURMET KITCHEN WITH WOOD CABINETS, DOUBLE WALL OVEN, COOK TOP RANGE, DOUBLE DOOR REFRIGERATOR, UPRIGHT FREEZER, BREAKFAST BAR WITH SEPARATE SINK! * SPACIOUS LIVING/DINING ROOM * OVER SIZED FAMILY ROOM WITH POOL TABLE AREA AND WET BAR! SLIDING DOORS LEAD TO OPEN PATIO AND HUGE FENCED YARD * THIS HOME IS PERFECT FOR THE LARGE FAMILY AND GREAT FOR ENTERTAINING * 2 VERY LARGE BEDROOMS PLUS ONE STANDARD SIZE WITH UPDATED BATH * THIS HOME JUST NEEDS SOME PERSONAL TOUCHES TO MAKE IT RIGHT FOR YOU! ORIGINAL HOUSE IS CBS, ADDITION IS FRAME STUCCO * LOCATED ONE BLOCK FROM LAKE OSBORNE - PERFECT FOR LONG WALKS AROUND THE LAKE. NEAR MAJOR HIGHWAYS, SHOPPING AND SCHOOLS. OWNER HAS PUT A PRICE ON IT TO SELL FAST. .. .STEAL IT TODAY!!!

20. 2009-08-04
    historical
21. 2009-02-04
    listed $209,000
22. 2009-02-03
    historical
23. 2008-07-16
    listed $275,000
24. 2006-09-12
    historical
25. 2006-05-02
    listed $365,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $73,974
• − Mortgage interest: −$32,769
• − Property taxes: −$8,775
• − Insurance: −$2,925
• − Repairs & maintenance: −$5,918
• − Management: −$5,918
• − Depreciation: −$17,018
• Taxable income: $651
• Est. tax owed @ 24.0%: −$156
• After-tax cash flow: $9,769/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 — Lake Worth Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Lake Worth Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 129,577
• 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

+60.3% since first listed

14 events — show timeline

• 2025-12-26 Price Changed $585,000 MARMLS
• 2025-06-25 Price Changed $610,000 MARMLS
• 2024-10-06 Price Changed $645,000 MARMLS
• 2024-07-08 Listed $695,000 MARMLS
• 2010-05-27 Sold (Public Records) $192,000 Public Records
• 2010-03-30 Sold (MLS) $192,000 Beaches MLS
• 2010-02-19 Listing Removed — Beaches MLS
• 2009-08-13 Listed $199,900 Beaches MLS
• 2009-08-04 Listing Removed — Beaches MLS
• 2009-02-04 Listed $209,000 Beaches MLS
• 2009-02-03 Listing Removed — Beaches MLS
• 2008-07-16 Listed $275,000 Beaches MLS
• 2006-09-12 Listing Removed — Beaches MLS
• 2006-05-02 Listed $365,000 Beaches MLS

Property tax history

+1.3%/yr

Latest (2025): $597 · +2.4% YoY. Source: county tax records.