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744 Lago Rd
D- Composite 36.87
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).

  • ARV discount +15.0/15.0
  • Cash flow +4.7/30.0
  • 1% rule +4.3/10.0
  • Schools +3.9/10.0
  • Livability +3.9/5.0
  • Rent growth +3.0/5.0
  • Condition / age +2.2/5.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$264,000

744 Lago Rd · Delray Beach, FL 33445
2 bd · 2.0 ba · 1,440 sqft · SingleFamily · 56 Days on market
Built 1981 Fair condition $183/sqft · 40% below area Est $441k · 40% under $777/mo HOA · 32% of rent ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Key facts

  • Tile floors
  • Split floor plan
  • Large screened patio

Tags

HIGH VAULTED CEILINGSTILE FLOORSSPLIT FLOOR PLANLARGE SCREENED PATIOCLOSE PROXIMITY TO POOLCLOSE PROXIMITY TO CLUBHOUSE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath single-family listed at $264k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $-661 ($-8k/yr) — negative.
  • To cash-flow at today's rent, offer at most $168k (36.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (7.0% below list).
  • Recommended offer: $168k (36.2% below list) — sets the bar for cash-flow.
  • Cap rate 3.3% vs local median 4.2% in Delray Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

  • Location reads 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime 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.
  • Zoned schools: Orchard View Elementary School (math 48% / reading 47%, grade D, #1,182 of 2,144 statewide, top 55%, 596 students, 76% FRL); Carver Middle School (math 22% / reading 34%, grade F, #486 of 571 statewide, top 86%, 732 students, 73% FRL); Atlantic High School (math 28% / reading 52%, grade F, #296 of 667 statewide, top 45%, 1,889 students, 59% FRL) — zoned schools average 69% FRL vs 52% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+1.8%/yr); 432 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($78k/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 $2k of loan paydown is wiped out by about $8k 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 56 days — a 3% lower offer ($256k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 32% of rent.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $168,304 (36.2% 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. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
  3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are B-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?
  7. Crime grade is D 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?
  8. 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?
  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 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
0.93%
Cap rate
3.29%
Cash-on-cash
-10.74%
DSCR
0.52
GRM
9.0

CMA / ARV

ARV (median comp)
$441,417
List price
$264,000
Delta
-40.19%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2866 SW 6th St 0.25mi 2/2.0 1,369 (-5%) 6mo $415,000 $303 75
1030 N Palm Ln Unit D 0.40mi 2/2.0 1,466 (+2%) 7mo $307,000 $209 72
343 SW 27th Ter 0.48mi 2/2.0 1,439 (-0%) 12mo $525,000 $365 68
231 SW 28th Ave 0.54mi 2/2.0 1,369 (-5%) 3mo $395,000 $289 64
200 SW 29th Ave 0.60mi 2/2.0 1,518 (+5%) 3mo $260,500 $172 61
941 Greensward Ln 0.28mi 3/3.0 (+1) 1,570 (+9%) 20mo $975,000 $621 46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.83% rent growth · sell at horizon

5-year hold
IRR
-37.5%
Equity multiple
-0.18×
Total profit
$-87,243
Equity at exit
$39,363
10-year hold
IRR
-67.0%
Equity multiple
-0.89×
Total profit
$-139,570
Equity at exit
$22,826

Cash invested: $73,920 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
13 active · 6 under contract
Months of supply
26.0 mo (4%/mo absorbed)
Median asking
$349,900 ($252/sqft)
Median days on market
55 d
This list price
23% of active listings are priced below it
ARV vs active asking
+21.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33445

Rents YoY
1.8%
Active inventory
432
Price-to-rent
9.0×

Monthly cashflow live

Estimated rent
$2,456 high interval (Pro) →
Mortgage (P&I)
$1,384
Tax est. 1.5%
$330 /mo · $3,960/yr
Insurance
$110
HOA
$777
Vacancy / Maint / Mgmt
$516
Net cashflow
$-661

Break-even live

Break-even rent $3,293
Max offer price $168,304
Occupancy floor

Sensitivity live

Price -10% $-479 -5% $-570 +0% $-661 +5% $-753 +10% $-844
Rent -10% $-855 -5% $-758 +0% $-661 +5% $-564 +10% $-467
Rate -1.0pp $-528 -0.5pp $-594 base $-661 +0.5pp $-730 +1.0pp $-799

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
$66,000
Closing costs
$7,920
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2828 Casita Way Delray Beach, FL 2.0 2.0 1023 $2,248 $2.20 73d 2 0.15mi
2828 Casita Way #214 Delray Beach, FL 2.0 2.0 1023 $2,300 $2.25 17d 1 0.15mi
2828 Casita Way #214 Delray Beach, FL 2.0 2.0 1023 $2,200 $2.15 43d 1 0.15mi
2600 Fiore Way #2140 Delray Beach, FL 2.0 2.0 1023 $2,099 $2.05 28d 1 0.15mi
2805 Casita Way #112 Delray Beach, FL 2.0 2.0 1085 $2,300 $2.12 24d 1 0.15mi
2828 Casita Way #1020 Delray Beach, FL 2.0 2.0 1023 $2,000 $1.96 70d 1 0.17mi
2700 Fiore Way #2020 Delray Beach, FL 2.0 2.0 1023 $2,500 $2.44 54d 1 0.18mi
829 Camino Rd Delray Beach, FL 2.0 2.0 1023 $2,262 $2.21 73d 2 0.21mi
2500 Fiore Way Unit 203A Delray Beach, FL 2.0 2.0 924 $2,100 $2.27 43d 1 0.21mi
2500 Fiore Way #1110 Delray Beach, FL 2.0 2.0 1023 $1,850 $1.81 73d 1 0.21mi
829 Camino Rd Unit 206C Delray Beach, FL 2.0 2.0 1023 $2,400 $2.35 73d 1 0.21mi
2500 Fiore Way Delray Beach, FL 1.0–2.0 1.5–2.0 874 $2,150 $2.46 66d 2 0.22mi
2900 Fiore Way #2110 Delray Beach, FL 2.0 2.0 1023 $2,385 $2.33 53d 1 0.25mi
2800 Fiore Way #103 Delray Beach, FL 2.0 2.0 924 $2,150 $2.33 17d 1 0.25mi
2800 Fiore Way #201 Delray Beach, FL 2.0 2.0 1104 $2,000 $1.81 37d 1 0.25mi
2900 Fiore Way #108 Delray Beach, FL 2.0 2.0 1023 $2,050 $2.00 47d 1 0.25mi
2733 Zorno Way Delray Beach, FL 2.0 2.0 1245 $2,975 $2.39 39d 1 0.27mi
2733 Zorno Way Delray Beach, FL 2.0 2.0 1245 $2,950 $2.37 69d 1 0.27mi
1001 Flame Vine Ave #202 Delray Beach, FL 2.0 2.0 1167 $2,800 $2.40 73d 1 0.30mi
1060 Homewood Blvd Unit J102 Delray Beach, FL 2.0 2.0 1247 $2,450 $1.96 70d 1 0.33mi
2403 Lowson Blvd Unit D Delray Beach, FL 2.0 2.0 1020 $2,200 $2.16 73d 1 0.34mi
1021 Flame Vine Ave Delray Beach, FL 2.0 2.0 1167 $1,750 $1.50 73d 1 0.35mi
2521 Pansey Ln Unit 7A Delray Beach, FL 2.0 2.0 1167 $2,100 $1.80 73d 1 0.36mi
1020 Silk Oak Ter #104 Delray Beach, FL 2.0 2.0 1167 $1,999 $1.71 4d 1 0.36mi
2303 Lowson Blvd Unit D Delray Beach, FL 2.0 2.0 1020 $2,300 $2.25 32d 1 0.38mi
2303 Lowson Blvd Unit D Delray Beach, FL 2.0 2.0 1020 $2,500 $2.45 32d 1 0.38mi
1120 Homewood Blvd Unit G204 Delray Beach, FL 2.0 2.0 1247 $2,525 $2.02 32d 1 0.38mi
1030 Silk Oak Ter #203 Delray Beach, FL 2.0 2.0 1167 $2,350 $2.01 13d 1 0.39mi
1030 Silk Oak Ter #203 Delray Beach, FL 2.0 2.0 1167 $2,350 $2.01 10d 1 0.39mi
2731 Knight Ln Delray Beach, FL 2.0 2.0 1050 $2,650 $2.52 37d 1 0.39mi
2520 Pansy Ln Unit D Delray Beach, FL 2.0 2.0 1167 $2,150 $1.84 73d 1 0.39mi
2715 Ponce de Leon Blvd Delray Beach, FL 2.0 1.0 1000 $2,200 $2.20 73d 1 0.41mi
378 SW 28th Ave Delray Beach, FL 3.0 2.0 1519 $3,500 $2.30 60d 1 0.42mi
2722 Peer Ln Unit 187 Delray Beach, FL 2.0 2.0 1000 $2,100 $2.10 11d 1 0.44mi
354 SW 28th Ave Delray Beach, FL 2.0 2.0 1369 $5,450 $3.98 73d 1 0.45mi
1031 Citrus Way Unit 102A Delray Beach, FL 2.0 2.0 1167 $2,200 $1.89 32d 1 0.45mi
900 Greensward Ln Unit 111G Delray Beach, FL 1.0 1.0 1177 $2,750 $2.34 24d 1 0.45mi
305 SW 28th Ave Delray Beach, FL 2.0 2.0 1369 $4,300 $3.14 63d 1 0.46mi
2480 Juniper Dr #203 Delray Beach, FL 2.0 2.0 1167 $1,900 $1.63 73d 1 0.48mi
2480 Juniper Dr #204 Delray Beach, FL 2.0 2.0 1167 $1,750 $1.50 73d 1 0.48mi

Property features AI

Finance

Financial info
Pets allowed (call for details)Community contains 3 units
HOA & community
Community has an association with monthly HOA duesMonthly association fee: $777Association amenities include clubhouse, parking, pool and tennis courtsHOA fee covers grounds maintenance, roof repairs, recreation facility and pool service

Exterior

Parking
Open parking (2 spaces total)
Utilities
Public waterPublic sewerCable connectedElectricity connected
Home design
VillaOne storyResale propertyFaces east
Construction
Stucco and concrete block with stucco constructionComposition/shingle roofBuilding name: 744Built as a single-story villa
Exterior features
Screened patioPatio

Interior

Kitchen
Electric RangeDishwasherRefrigerator
Bedrooms
2 bedrooms on the main level
Flooring
CarpetCeramic tile
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Central heatingCentral air conditioning
Interior features
Appliances include Dishwasher, Electric Range and RefrigeratorFurnished: NegotiableAccessible bedroom and accessible approach with ramp
Laundry & utility
Laundry closet inside the unit

Listing history 8 events

  1. 2026-06-04
    days on market $264,000 Active 56 DOM
  2. 2026-06-03
    days on market $264,000 Active 55 DOM
  3. 2026-06-02
    days on market $264,000 Active 54 DOM
  4. 2026-06-01
    days on market $264,000 Active 53 DOM
  5. 2026-05-31
    days on market $264,000 Active 52 DOM
  6. 2026-04-18
    price $264,000
  7. 2026-04-15
    price $270,000
  8. 2026-04-09
    listed $280,000 Active

ⓘ 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 ≥106°F today · 27 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,470
− Mortgage interest
−$14,788
− Property taxes
−$3,960
− Insurance
−$1,320
− Repairs & maintenance
−$2,358
− Management
−$2,358
− HOA
−$9,324
− Depreciation
−$7,680
Taxable loss
−$12,317
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,956
After-tax cash flow
$-4,980/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab Est. rehab $36,000–$64,800 screening

The property is in fair condition with some minor repairs and maintenance needed. A fresh paint job and landscaping can significantly improve its curb appeal and rental value.

Repairs flagged

  • Minor Paint — Faded paint in some areas.
  • Minor Landscaping — Some overgrown areas need trimming.

Value-add opportunities

  • Resale Paint job — Fresh paint can significantly improve curb appeal.
  • Rental Landscaping — Well-maintained landscaping can attract more tenants.
  • Both Kitchen appliances — Upgrading to modern appliances can boost both resale and rental value.

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Orchard View Elementary School D FL #1,182/2,144 Nat'l #14,382/41,679 Middle Carver Middle School F FL #486/571 Nat'l #9,545/14,009 High Atlantic High School F FL #296/667 Nat'l #8,112/17,239

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
B Composite livability gradescore 77/100

Livability — Delray Beach

Score
77/100
State rank
#202
US rank
#3160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Delray Beach, FL
County
Palm Beach County · 1,637,487 people
City population
123,167
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
33,122
Household income
$78,163
Rent vs Own
31.2% rent · 68.8% own
Severe rent burden
14% of renters

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 0.62)
Race & ethnicity
White 55% Black 24% Hispanic / Latino 11% Two or more races 11% Asian 4%
Hispanic origin (detail)
Puerto Rican 3% Cuban 2%
Common ancestry
Hispanic 14% Romanian 3% Scotch-Irish 3%
Foreign-born
27% · Canada, Jamaica, Dominican Republic
Languages at home
66% English-only · French/Haitian/Cajun 18% Spanish 9% Other Indo-European 4%

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

Price history

-5.7% since first listed
4 events — show timeline
  • 2026-06-04 Listing Removed Beaches MLS
  • 2026-04-18 Price Changed $264,000 Beaches MLS
  • 2026-04-15 Price Changed $270,000 Beaches MLS
  • 2026-04-09 Listed $280,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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