3368 Rossi Ct · West Palm Beach, FL 33417

$248,500

2 bd · 2.0 ba · 1,250 sqft · SingleFamily public records · 126 Days on market

Built 1979 $383/mo HOA · 16% of rent

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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 +14.2/30.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Absolutely beautifully updated lake-front villa in Cypress Lakes. Completely remodeled. Gourmet kitchen with granite counters, stainless appliances, high-end cabinets, breakfast bar, desk; completely renovated bathrooms; new A/C and Hot Water Heater; new textured ceilings (popcorn gone!); new textured walls; new windows in entry; new, new, new. Move in and just enjoy the lifestyle in this active 55+ community. Enjoy the magnificent pool with spa, tennis, golf with no membership, and so much more!

Key facts

• Remodeled villa
• Granite countertops
• Desk area

Tags

• REMODELED VILLA
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• HIGH HATS
• BREAKFAST BAR
• DESK AREA

Property features AI

Finance

• Other: Senior community
• Financial info: Pets allowed with possible breed, number and size restrictions
• HOA & community: Community association with monthly HOA fee (includes cable TV, grounds maintenance, security, common areas, golf and recreation facilities); Community amenities: pool, spa/hot tub, clubhouse, fitness center, tennis courts, basketball court, shuffleboard, bocce ball, golf course, jogging path, sidewalks, street lights, game room, community room, library, manager on site

Exterior

• Parking: Two open parking spaces (total 2)
• Security: Gated community with guard; Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Villa; Single-story; Faces west; Private road frontage, west of US-1; Resale condition
• Construction: Block/CBS construction; Composition/shingle roof; Built as a villa (public records list 1,386 building area; living area listed as 1,250)
• Exterior features: Screened patio; Patio; Porch; Glass-enclosed porch; Interior, irregular lot; Paved road frontage; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Disposal; Electric water heater
• Bedrooms: One main-level bedroom
• Flooring: Ceramic tile
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Central heating (electric); Window/wall heating; Central air conditioning (electric); Ceiling fans
• Interior features: Built-in features; Walk-in closet(s); Stacked bedroom layout; Furnished
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $248k.

Deal economics

• At list price, monthly cash flow is $39 ($469/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (0.8% below list).
• Recommended offer: $219k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 3.8% in West Palm Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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: Egret Lake Elementary School (math 32% / reading 37%, grade F, #1,709 of 2,144 statewide, top 81%, 569 students, 80% FRL); Bear Lakes Middle School (math 19% / reading 33%, grade F, #506 of 571 statewide, top 89%, 842 students, 74% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 75% FRL vs 52% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% 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 flat; 481 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $2,464/mo this rent would consume 57% of the median local household income ($52k/yr) (locally 2548% 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 $7k 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 126 days — a 12% lower offer ($219k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y 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 $115k; list at $248k implies a 116% 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 $218,680 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 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 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 0.99% ✗
• Cap rate: 6.48%
• Cash-on-cash: 0.67%
• DSCR: 1.03
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.02% rent growth · sell at horizon

5-year hold

• IRR: -18.9%
• Equity multiple: 0.36×
• Total profit: $-44,802
• Equity at exit: $37,052

10-year hold

• IRR: -20.2%
• Equity multiple: 0.10×
• Total profit: $-62,927
• Equity at exit: $21,486

Cash invested: $69,580 (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 33417

• Home prices YoY: -29.2%
• Rents YoY: 0.0%
• Active inventory: 481
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,464 high
• Mortgage (P&I): −$1,303
• Tax from tax record: −$118 /mo · $1,418/yr
• Insurance: −$104
• HOA: −$383
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $39

Break-even live

Break-even rent $2,415

Max offer price $248,500

Occupancy floor 93%

Sensitivity live

Price	-10% $180	-5% $109	+0% $39	+5% $-31	+10% $-102
Rent	-10% $-156	-5% $-58	+0% $39	+5% $136	+10% $234
Rate	-1.0pp $164	-0.5pp $102	base $39	+0.5pp $-25	+1.0pp $-91

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: $62,125
• Closing costs: $7,455
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3810 Rowena Cir West Palm Beach, FL	2.0	2.0	1505	$3,150	$2.09	16d	1	0.46mi
3810 Rowena Cir West Palm Beach, FL	2.0	2.0	1505	$3,000	$1.99	9d	1	0.46mi
2820 Tennis Club Dr #408 West Palm Beach, FL	3.0	2.0	1610	$3,800	$2.36	26d	1	0.65mi
149 Stratford N West Palm Beach, FL	2.0	2.0	978	$1,650	$1.69	26d	1	0.66mi
4543 Tara Cove Way West Palm Beach, FL	3.0	2.5	1807	$3,000	$1.66	1d	1	0.69mi
1211 Pine Sage Cir West Palm Beach, FL	3.0	2.0	1367	$3,200	$2.34	7d	1	0.79mi
3760 N Jog Rd West Palm Beach, FL	3.0	2.0	1375	$2,500	$1.82	26d	1	0.92mi
3490 Briar Bay Blvd West Palm Beach, FL	2.0	2.0	920	$1,800	$1.96	6d	1	0.96mi
3490 Briar Bay Blvd #104 West Palm Beach, FL	2.0	2.0	883	$1,799	$2.04	16d	1	0.96mi
3790 N Jog Rd #201 West Palm Beach, FL	3.0	2.0	1176	$2,300	$1.96	1d	1	0.96mi
3810 N Jog Rd West Palm Beach, FL	2.0	2.0	904	$1,950	$2.16	9d	2	1.00mi
4567 Brook Dr West Palm Beach, FL	3.0	2.0	1528	$3,000	$1.96	26d	1	1.02mi
4385 Willow Brook Cir West Palm Beach, FL	3.0	2.0	1468	$3,200	$2.18	24d	1	1.03mi
3512 Briar Bay Blvd #105 West Palm Beach, FL	2.0	2.0	883	$2,000	$2.27	9d	1	1.09mi
1912 Stratford Way West Palm Beach, FL	2.0	2.5	1350	$3,000	$2.22	26d	1	1.12mi
3486 Briar Bay Blvd #101 West Palm Beach, FL	3.0	2.0	1092	$2,600	$2.38	1d	1	1.14mi
105 E Wellington Dr #105 West Palm Beach, FL	2.0	2.0	1062	$1,850	$1.74	26d	1	1.24mi
306 Wellington B West Palm Beach, FL	2.0	2.0	1062	$1,800	$1.69	22d	1	1.28mi
2936 Hidden Hills Rd #1504 West Palm Beach, FL	3.0	3.0	1607	$2,400	$1.49	26d	1	1.37mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$2,528	$2.07	19d	60	1.39mi
2904 Hidden Hills Rd Unit 904 West Palm Beach, FL	3.0	2.5	1379	$2,200	$1.60	26d	1	1.40mi
3472 Commodore Ct West Palm Beach, FL	3.0	2.5	1671	$2,900	$1.74	6d	1	1.40mi
6516 Morgan Hill Trl #1809 West Palm Beach, FL	2.0	2.5	1086	$2,050	$1.89	5d	1	1.40mi
2912 Hidden Hills Rd #1205 West Palm Beach, FL	3.0	3.0	1423	$2,400	$1.69	26d	1	1.41mi
3464 Commodore Ct West Palm Beach, FL	3.0	2.5	1671	$3,300	$1.97	19d	1	1.42mi
2944 Hidden Hills Rd #1604 West Palm Beach, FL	3.0	3.0	1450	$2,390	$1.65	26d	1	1.43mi
2905 Hidden Hills Rd #2203 West Palm Beach, FL	2.0	2.5	1086	$2,100	$1.93	26d	1	1.44mi
6549 Diamond Springs Ter #2004 West Palm Beach, FL	3.0	2.5	1362	$2,300	$1.69	5d	1	1.45mi

HOA detail

• Monthly dues: $383 · $4,596/yr
• Likely covers: waterpool

Listing history 25 events

1. 2026-06-21
   days on market $248,500 Active 126 DOM
2. 2026-06-18
   days on market $248,500 Active 123 DOM
3. 2026-06-17
   days on market $248,500 Active 122 DOM
4. 2026-06-16
   days on market $248,500 Active 121 DOM
5. 2026-06-15
   days on market $248,500 Active 120 DOM
6. 2026-06-13
   days on market $248,500 Active 118 DOM
7. 2026-06-09
   days on market $248,500 Active 114 DOM
8. 2026-06-07
   days on market $248,500 Active 112 DOM
9. 2026-06-04
   days on market $248,500 Active 109 DOM
10. 2026-06-03
    days on market $248,500 Active 108 DOM
11. 2026-06-01
    days on market $248,500 Active 106 DOM
12. 2026-05-31
    days on market $248,500 Active 105 DOM
13. 2026-02-15
    listed $248,500 Active
14. 2014-05-29
    soldstatus $115,000
15. 2014-05-23
    soldstatus $114,000 Closed 503-char remark

    Show marketing remark (503 chars)

    Absolutely beautifully updated lake-front villa in Cypress Lakes. Completely remodeled. Gourmet kitchen with granite counters, stainless appliances, high-end cabinets, breakfast bar, desk; completely renovated bathrooms; new A/C and Hot Water Heater; new textured ceilings (popcorn gone!); new textured walls; new windows in entry; new, new, new. Move in and just enjoy the lifestyle in this active 55+ community. Enjoy the magnificent pool with spa, tennis, golf with no membership, and so much more!

16. 2014-03-28
    status Pending 503-char remark

    Show marketing remark (503 chars)

    Absolutely beautifully updated lake-front villa in Cypress Lakes. Completely remodeled. Gourmet kitchen with granite counters, stainless appliances, high-end cabinets, breakfast bar, desk; completely renovated bathrooms; new A/C and Hot Water Heater; new textured ceilings (popcorn gone!); new textured walls; new windows in entry; new, new, new. Move in and just enjoy the lifestyle in this active 55+ community. Enjoy the magnificent pool with spa, tennis, golf with no membership, and so much more!

17. 2014-03-03
    listed $119,999 Active 503-char remark

    Show marketing remark (503 chars)

    Absolutely beautifully updated lake-front villa in Cypress Lakes. Completely remodeled. Gourmet kitchen with granite counters, stainless appliances, high-end cabinets, breakfast bar, desk; completely renovated bathrooms; new A/C and Hot Water Heater; new textured ceilings (popcorn gone!); new textured walls; new windows in entry; new, new, new. Move in and just enjoy the lifestyle in this active 55+ community. Enjoy the magnificent pool with spa, tennis, golf with no membership, and so much more!

18. 2011-09-22
    soldstatus $43,050 232-char remark

    Show marketing remark (232 chars)

    Roomy 2 bedroom 2 bath townhome on water in a great golf course community. This could be a beautiful home with very little work. This light and bright home features tile throughout, large rooms and sits on great cul de sac water lot

19. 2011-09-01
    historical 232-char remark

    Show marketing remark (232 chars)

    Roomy 2 bedroom 2 bath townhome on water in a great golf course community. This could be a beautiful home with very little work. This light and bright home features tile throughout, large rooms and sits on great cul de sac water lot

20. 2011-04-16
    listed $44,900 232-char remark

    Show marketing remark (232 chars)

    Roomy 2 bedroom 2 bath townhome on water in a great golf course community. This could be a beautiful home with very little work. This light and bright home features tile throughout, large rooms and sits on great cul de sac water lot

21. 2006-04-03
    soldstatus $165,000
22. 2006-03-20
    soldstatus $165,000
23. 2006-02-25
    historical
24. 2005-12-23
    listed $179,900
25. 1980-09-01
    soldstatus $43,000

ⓘ 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: $1,418 · $118/mo
• Projected year-2 tax: $2,063 · $172/mo
• Expected delta: +$644/yr (+$54/mo · 45.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 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: $29,574
• − Mortgage interest: −$13,920
• − Property taxes: −$1,418
• − Insurance: −$1,242
• − Repairs & maintenance: −$2,366
• − Management: −$2,366
• − HOA: −$4,596
• − Depreciation: −$7,229
• Taxable loss: −$3,564
• Est. tax savings @ 24.0%: +$855
• After-tax cash flow: $1,324/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 — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

Amenities A- Commute A+ Cost of living B- Crime F Employment C- 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: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 38,079
• Household income: $51,605
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2548.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 34% Black 30% Hispanic / Latino 27% Two or more races 16% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 10% Romanian 3% Scotch-Irish 1%
• Foreign-born: 34% · Canada, Jamaica
• Languages at home: 58% English-only · Spanish 24% French/Haitian/Cajun 11% Other Indo-European 3%

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: ▼ -138.62%
• Current HPI: 335.8396
• Rent YoY: ▬ 0.02%
• 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

+477.9% since first listed

13 events — show timeline

• 2026-02-15 Listed $248,500 Beaches MLS
• 2014-05-29 Sold (Public Records) $115,000 Public Records
• 2014-05-23 Sold (MLS) $114,000 Beaches MLS
• 2014-03-28 Pending — Beaches MLS
• 2014-03-03 Listed $119,999 Beaches MLS
• 2011-09-22 Sold (MLS) $43,050 Beaches MLS
• 2011-09-01 Listing Removed — Beaches MLS
• 2011-04-16 Listed $44,900 Beaches MLS
• 2006-04-03 Sold (Public Records) $165,000 Public Records
• 2006-03-20 Sold (MLS) $165,000 Beaches MLS
• 2006-02-25 Listing Removed — Beaches MLS
• 2005-12-23 Listed $179,900 Beaches MLS
• 1980-09-01 Sold (Public Records) $43,000 Public Records

Property tax history

-1.1%/yr

Latest (2025): $1,418 · +4.8% YoY. Source: county tax records.