715 Lori Dr #302 · Palm Springs, FL 33461

$59,000

1 bd · 1.0 ba · 806 sqft · Condo public records · 102 Days on market

Built 1973 $549/mo HOA · 32% of rent

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

This immaculate 1 bed 1 bath unit is in a 55+ community large walk in closet Enclosed patio area with storage closet Tons of amenities include community pool, clubhouse with fitness center, card room, shuffleboard and putting green! Community in Fabulous Location, Minutes to Shopping, Restaurants This income-producing condo a perfect opportunity for investors looking for strong rental potential. CURRENTLY RENTED TILL 7-31-2026

Key facts

• Community pool
• Card room
• Walk in closet

Tags

• WALK IN CLOSET
• ENCLOSED PATIO
• COMMUNITY POOL
• CLUBHOUSE WITH FITNESS CENTER
• CARD ROOM
• SHUFFLEBOARD

Property features AI

Finance

• Other: Senior community
• Financial info: Pets allowed (restrictions may apply)
• HOA & community: Monthly association fee (includes cable TV, insurance, grounds and structure maintenance, pest control, sewer, trash, water, common areas, recreation facility, pool service); Association amenities: elevator(s), laundry, pool, shuffleboard court, trash chute, maintained community, street lights, maintenance

Exterior

• Parking: Assigned, deeded and guest/open parking; Common parking; 1 parking space (unit total) with many open spaces
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected; Sewer available
• Home design: Condominium; One level; Faces northeast; 3-story building
• Construction: Built with stucco and concrete block (CBS); Flat roof with tar/gravel
• Exterior features: Glass-enclosed patio/porch; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Ceramic tile; Tile
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central heating (individual unit); Central cooling (individual unit); Ceiling fan(s)
• Interior features: Walk-in closet
• Laundry & utility: Laundry in common area; Tankless water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $59k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $59k).
• Recommended offer: $54k (9.0% 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); 276 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 33% 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 $408 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $17k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($54k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 22y ago; this cycle's ask has dropped $11k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; HOA is 32% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,690 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 2.89% ✓
• Cap rate: 13.15%
• Cash-on-cash: 24.48%
• DSCR: 2.09
• GRM: 2.9

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: 11.9%
• Equity multiple: 1.44×
• Total profit: $7,297
• Equity at exit: $8,797

10-year hold

• IRR: 16.0%
• Equity multiple: 1.98×
• Total profit: $16,271
• Equity at exit: $5,101

Cash invested: $16,520 (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: 276
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,707 high
• Mortgage (P&I): −$309
• Tax from tax record: −$129 /mo · $1,543/yr
• Insurance: −$25
• HOA: −$549
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $337

Break-even live

Break-even rent $1,280

Max offer price $59,000

Occupancy floor 75%

Sensitivity live

Price	-10% $370	-5% $354	+0% $337	+5% $320	+10% $304
Rent	-10% $202	-5% $270	+0% $337	+5% $404	+10% $472
Rate	-1.0pp $367	-0.5pp $352	base $337	+0.5pp $322	+1.0pp $306

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
701 Lori Dr #204 Palm Springs, FL	2.0	2.0	994	$1,700	$1.71	25d	1	0.09mi
506 Davis Rd Unit 6 Palm Springs, FL	2.0	2.0	958	$1,700	$1.77	25d	1	0.13mi
504 Davis Rd #96 Palm Springs, FL	2.0	2.0	1080	$2,000	$1.85	25d	1	0.14mi
502 Davis Rd Palm Springs, FL	2.0	1.0–2.0	878	$1,675	$1.91	6d	2	0.19mi
225 Bonnie Blvd #116 Palm Springs, FL	2.0	2.0	988	$1,850	$1.87	19d	1	0.19mi
225 Bonnie Blvd Palm Springs, FL	1.0–2.0	1.5–2.0	944	$1,300	$1.38	25d	2	0.19mi
484 Springdale Cir Unit 48d Palm Springs, FL	2.0	2.0	1102	$2,100	$1.91	17d	1	0.21mi
500 Bonnie Blvd #165 Palm Springs, FL	1.0	1.5	782	$1,350	$1.73	25d	1	0.23mi
300 Bonnie Blvd #144 Palm Springs, FL	1.0	1.0	702	$1,350	$1.92	25d	1	0.25mi
200 Bonnie Blvd #132 Palm Springs, FL	1.0	1.0	577	$1,500	$2.60	23d	1	0.26mi
240 Alemeda Dr Palm Springs, FL	1.0–2.0	1.0–2.0	825	$1,650	$2.00	25d	3	0.27mi
2085 S Congress Ave Palm Springs, FL	1.0–3.0	1.0–2.0	963	$2,055	$2.13	2d	14	0.32mi
246 Cypress Ln Lake Worth Beach, FL	1.0–2.0	1.0	850	$1,550	$1.82	25d	2	0.33mi
247 Cypress Ln Unit 246-C06 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	25d	1	0.33mi
247 Cypress Ln Unit 246-C12 Palm Springs, FL	2.0	1.0	850	$1,750	$2.06	6d	1	0.33mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,375	$2.50	23d	1	0.54mi
436 Fontana Dr Lake Worth, FL	1.0	1.0	550	$1,450	$2.64	25d	1	0.54mi
2200 Springdale Blvd #214 Palm Springs, FL	1.0	1.5	756	$1,550	$2.05	3d	1	0.62mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	670	$2,352	$3.51	14d	1	0.68mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$3,194	$3.65	23d	1	0.68mi
555 Kirk Rd Palm Springs, FL	2.0	2.0	875	$2,749	$3.14	13d	1	0.68mi
555 Kirk Rd Palm Springs, FL	1.0	1.0	625	$2,268	$3.63	8d	1	0.68mi
555 Purdy Ln Palm Springs, FL	1.0	1.0	650	$1,375	$2.12	6d	1	0.77mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.0–1.5	739	$1,400	$1.89	25d	2	0.79mi
500 Village Green Cir W Palm Springs, FL	1.0–2.0	1.5	800	$1,350	$1.69	17d	2	0.79mi
500 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	2d	1	0.79mi
500 Village Green Cir W #107 Palm Springs, FL	2.0	1.5	836	$1,850	$2.21	23d	1	0.79mi
600 Village Green Ct #203 Palm Springs, FL	1.0	1.0	650	$1,300	$2.00	4d	1	0.80mi
700 Village Green Ct Palm Springs, FL	1.0–2.0	1.5	796	$1,350	$1.69	2d	3	0.82mi
400 Village Green Cir W #214 Palm Springs, FL	1.0	1.5	764	$1,400	$1.83	25d	1	0.84mi
2785 Reo Ln Unit 2 Lake Worth Beach, FL	2.0	1.0	884	$2,300	$2.60	25d	1	0.94mi
100 Rex Ave Palm Springs, FL	2.0	2.0	1000	$1,850	$1.85	25d	3	0.97mi
220 Henthorne Dr Palm Springs, FL	1.0–2.0	1.5–2.0	900	$1,700	$1.89	25d	4	0.99mi
4098 Linda Ln West Palm Beach, FL	2.0	1.0	860	$2,465	$2.87	25d	1	1.01mi
2721 Garden Dr N #105 Lake Worth, FL	2.0	1.0	894	$1,800	$2.01	21d	1	1.01mi
4403 Anna Ln Unit B Palm Springs, FL	1.0	1.0	740	$1,600	$2.16	8d	1	1.07mi
2668 Garden Dr N #312 Lake Worth, FL	2.0	2.0	1080	$1,500	$1.39	2d	1	1.10mi
2668 Garden Dr N #312 Lake Worth, FL	2.0	2.0	1080	$1,500	$1.39	5d	1	1.10mi
2856 Garden Dr S #112 Lake Worth, FL	2.0	1.0	894	$1,800	$2.01	25d	1	1.10mi
2581 Garden Dr N #203 Lake Worth, FL	2.0	2.0	894	$1,650	$1.85	8d	1	1.13mi

HOA detail condo

• Monthly dues: $549 · $6,588/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-21
   days on market $59,000 Active 102 DOM
2. 2026-06-18
   days on market $59,000 Active 99 DOM
3. 2026-06-17
   days on market $59,000 Active 98 DOM
4. 2026-06-16
   days on market $59,000 Active 97 DOM
5. 2026-06-15
   days on market $59,000 Active 96 DOM
6. 2026-06-13
   days on market $59,000 Active 94 DOM
7. 2026-06-09
   days on market $59,000 Active 90 DOM
8. 2026-06-08
   days on market $59,000 Active 89 DOM
9. 2026-06-07
   days on market $59,000 Active 88 DOM
10. 2026-06-04
    days on market $59,000 Active 85 DOM
11. 2026-06-03
    days on market $59,000 Active 84 DOM
12. 2026-06-02
    days on market $59,000 Active 83 DOM
13. 2026-06-01
    days on market $59,000 Active 82 DOM
14. 2026-05-31
    days on market $59,000 Active 81 DOM
15. 2026-05-05
    price $60,000
16. 2026-04-07
    price $63,000
17. 2026-03-26
    price $67,999
18. 2026-03-11
    listed $69,999 Active
19. 2026-01-11
    historical
20. 2025-07-23
    historical $1,450
21. 2025-07-10
    listed $1,450
22. 2025-06-30
    historical $1,450
23. 2025-06-06
    price $85,000
24. 2025-06-03
    price $96,000
25. 2025-03-23
    price $1,450
26. 2025-02-18
    price $1,475
27. 2025-02-17
    price $97,000
28. 2025-02-03
    listed $99,000 Active
29. 2025-02-03
    historical
30. 2025-01-21
    price $99,000
31. 2024-12-03
    price $99,500
32. 2024-10-22
    price $100,000
33. 2024-09-05
    listed $105,000 Active
34. 2024-09-04
    historical
35. 2024-08-29
    historical $1,500
36. 2024-08-28
    listed $1,500
37. 2024-08-14
    price $105,000
38. 2024-08-10
    price $1,500
39. 2024-08-06
    listed $1,600
40. 2024-08-06
    historical $1,600
41. 2024-07-17
    listed $1,600
42. 2024-07-17
    historical $1,600
43. 2024-07-09
    listed $1,600
44. 2024-05-07
    price $108,000
45. 2024-03-27
    price $110,000
46. 2024-02-06
    price $115,000
47. 2024-02-05
    status Active
48. 2024-02-02
    historical
49. 2024-01-03
    price $119,000
50. 2023-11-19
    price $120,000

ⓘ 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: $1,543 · $129/mo
• Projected year-2 tax: $1,543 · $129/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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 1 d/yr ≥105°F today · 1 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: $20,485
• − Mortgage interest: −$3,305
• − Property taxes: −$1,543
• − Insurance: −$295
• − Repairs & maintenance: −$1,639
• − Management: −$1,639
• − HOA: −$6,588
• − Depreciation: −$1,716
• Taxable income: $3,760
• Est. tax owed @ 24.0%: −$902
• After-tax cash flow: $3,142/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

+187.1% since first listed

49 events — show timeline

• 2026-05-05 Price Changed $60,000 Beaches MLS
• 2026-04-07 Price Changed $63,000 Beaches MLS
• 2026-03-26 Price Changed $67,999 Beaches MLS
• 2026-03-11 Listed $69,999 Beaches MLS
• 2026-01-11 Listing Removed — Beaches MLS
• 2025-07-23 Rental Removed $1,450 RMLSFL
• 2025-07-10 Listed for Rent $1,450 RMLSFL
• 2025-06-30 Rental Removed $1,450 RMLSFL
• 2025-06-06 Price Changed $85,000 Beaches MLS
• 2025-06-03 Price Changed $96,000 Beaches MLS
• 2025-03-23 Price Changed $1,450 RMLSFL
• 2025-02-18 Price Changed $1,475 RMLSFL
• 2025-02-17 Price Changed $97,000 Beaches MLS
• 2025-02-03 Listing Removed — Beaches MLS
• 2025-02-03 Listed $99,000 Beaches MLS
• 2025-01-21 Price Changed $99,000 Beaches MLS
• 2024-12-03 Price Changed $99,500 Beaches MLS
• 2024-10-22 Price Changed $100,000 Beaches MLS
• 2024-09-05 Listed $105,000 Beaches MLS
• 2024-09-04 Listing Removed — Beaches MLS
• 2024-08-29 Rental Removed $1,500 GFLMLS
• 2024-08-28 Listed for Rent $1,500 GFLMLS
• 2024-08-14 Price Changed $105,000 Beaches MLS
• 2024-08-10 Price Changed $1,500 RMLSFL
• 2024-08-06 Listed for Rent $1,600 RMLSFL
• 2024-08-06 Rental Removed $1,600 GFLMLS
• 2024-07-17 Listed for Rent $1,600 GFLMLS
• 2024-07-17 Rental Removed $1,600 RMLSFL
• 2024-07-09 Listed for Rent $1,600 RMLSFL
• 2024-05-07 Price Changed $108,000 Beaches MLS
• 2024-03-27 Price Changed $110,000 Beaches MLS
• 2024-02-06 Price Changed $115,000 Beaches MLS
• 2024-02-05 Relisted — Beaches MLS
• 2024-02-02 Listing Removed — Beaches MLS
• 2024-01-03 Price Changed $119,000 Beaches MLS
• 2023-11-19 Price Changed $120,000 Beaches MLS
• 2023-05-20 Listed $125,000 Beaches MLS
• 2023-05-19 Listing Removed — Beaches MLS
• 2023-05-18 Coming Soon — Beaches MLS
• 2023-05-18 Coming Soon — Beaches MLS
• 2005-07-27 Sold (Public Records) $72,000 Public Records
• 2005-07-08 Sold (MLS) $72,000 Beaches MLS
• 2005-06-16 Listing Removed — Beaches MLS
• 2005-02-08 Listed $69,900 Beaches MLS
• 2005-01-26 Listing Removed — Beaches MLS
• 2004-11-23 Listed $80,000 Beaches MLS
• 1997-07-21 Sold (Public Records) $21,500 Public Records
• 1995-05-25 Sold (Public Records) $20,000 Public Records
• 1993-01-08 Sold (Public Records) $20,900 Public Records

Property tax history

+14.7%/yr

Latest (2025): $1,543 · +349.2% YoY. Source: county tax records.