744 Lago Rd · Delray Beach, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 27 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Key facts
- Tile floors
- Split floor plan
- Large screened patio
Tags
Neighborhood map
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.
Questions for the listing agent
- 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?
- 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?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- -37.5%
- Equity multiple
- -0.18×
- Total profit
- $-87,243
- Equity at exit
- $39,363
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$516
- Net cashflow
- $-661
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-04days on market $264,000 Active 56 DOM
-
2026-06-03days on market $264,000 Active 55 DOM
-
2026-06-02days on market $264,000 Active 54 DOM
-
2026-06-01days on market $264,000 Active 53 DOM
-
2026-05-31days on market $264,000 Active 52 DOM
-
2026-04-18price $264,000
-
2026-04-15price $270,000
-
2026-04-09$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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
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
- 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
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.
Zoned Schools
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 — Delray Beach
- Score
- 77/100
- State rank
- #202
- US rank
- #3160
Category grades
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
- 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
- —
Market trends
- HPI YoY
- ▼ -258.16%
- Current HPI
- 349.5505
- Rent YoY
- ▲ 1.83%
- 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 |
|
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Price history
-5.7% since first listed4 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
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…