14589 Canalview Dr Unit B · Delray Beach, FL 33484

$155,000

1 bd · 2.0 ba · 1,068 sqft · Condo public records · 86 Days on market

Built 1981 $397/mo HOA · 18% of rent

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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 +23.4/30.0
• 1% rule +9.2/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Stunning, immaculate 1 bedroom villa with 2 full baths! Incredible storage space! Charming enclosed Florida Room which can be used as a bedroom; tremendous community; great value! Charming, immaculate villa with 2 full baths and tile throughout; fabulous enclosed Florida Room; Service contract! Stunning hand painted mural in the dining area! Close to great shopping; active clubhouse!

Key facts

• Pickleball courts
• Light-filled sunroom
• Tennis courts

Tags

• FULLY FURNISHED VILLA
• UPDATED EN SUITE BATH
• LIGHT-FILLED SUNROOM
• LAKESIDE POOL
• TENNIS COURTS
• PICKLEBALL COURTS

Property features AI

Finance

• Other: Senior community
• Financial info: Pets not allowed (per association)
• HOA & community: Association on site; Monthly HOA fee of $397; HOA covers cable TV and common areas; Community amenities include clubhouse, pool, tennis courts, shuffleboard, game room, community room, library, management and on-site manager

Exterior

• Parking: 1 parking space; No carport
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Water and sewer available
• Home design: Villa; One story; Resale; Faces east
• Construction: Stucco and stone construction; Shingle roof; Built as a single-story villa
• Exterior features: No waterfront; Entry level living area

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms (1 on the main level)
• Heating & cooling: Central heating (electric); Central air; Ceiling fans
• Interior features: Walk-in closets; Furnished
• Laundry & utility: Laundry in a common area

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $146k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.3% in Delray 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 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: Banyan Creek Elementary School (math 62% / reading 64%, grade B, #582 of 2,144 statewide, top 28%, 844 students, 51% 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).
• Market conditions: Rents rising fast (+4.3%/yr); 545 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d 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 42% 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 $1k of loan paydown is wiped out by about $5k 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 + 4.3% rent growth), your $43k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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 $62k; list at $155k implies a 148% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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. 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. 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.
9. 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.
10. 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: 1.42% ✓
• Cap rate: 8.52%
• Cash-on-cash: 7.94%
• DSCR: 1.35
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.28% rent growth · sell at horizon

5-year hold

• IRR: -2.2%
• Equity multiple: 0.91×
• Total profit: $-3,708
• Equity at exit: $23,111

10-year hold

• IRR: 9.3%
• Equity multiple: 1.77×
• Total profit: $33,439
• Equity at exit: $13,402

Cash invested: $43,400 (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 33484

• Rents YoY: 4.3%
• Active inventory: 545
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,194 high
• Mortgage (P&I): −$813
• Tax from tax record: −$172 /mo · $2,064/yr
• Insurance: −$65
• HOA: −$397
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $287

Break-even live

Break-even rent $1,831

Max offer price $155,000

Occupancy floor 82%

Sensitivity live

Price	-10% $375	-5% $331	+0% $287	+5% $243	+10% $199
Rent	-10% $114	-5% $200	+0% $287	+5% $374	+10% $460
Rate	-1.0pp $365	-0.5pp $326	base $287	+0.5pp $247	+1.0pp $206

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14484 Canalview Dr Unit C Delray Beach, FL	1.0	2.0	1068	$1,700	$1.59	27d	1	0.11mi
14716 Canalview Dr Unit D Delray Beach, FL	2.0	2.0	1186	$3,500	$2.95	15d	1	0.20mi
14676 Canalview Dr Unit C Delray Beach, FL	1.0	2.0	1068	$1,775	$1.66	27d	1	0.32mi
5385 Lakefront Blvd Unit A Delray Beach, FL	2.0	2.0	1186	$2,200	$1.85	27d	1	0.32mi
14629 Canalview Dr Unit C Delray Beach, FL	1.0	2.0	1068	$1,600	$1.50	27d	1	0.32mi
14606 Lucy Dr Delray Beach, FL	2.0	2.0	1200	$1,850	$1.54	27d	1	0.32mi
5169 Lakefront Blvd Unit D Delray Beach, FL	2.0	2.0	1186	$2,300	$1.94	27d	1	0.33mi
5349 Lakefront Blvd Unit B Delray Beach, FL	1.0	2.0	1068	$1,800	$1.69	27d	1	0.34mi
5550 Nepsa Way Delray Beach, FL	1.0–3.0	1.0–2.0	1035	$2,164	$2.09	0d	11	0.35mi
5126 Lakefront Blvd Unit D Delray Beach, FL	2.0	2.0	1186	$2,500	$2.11	23d	1	0.36mi
14696 Lucy Dr #14696 Delray Beach, FL	2.0	2.0	1200	$2,200	$1.83	10d	1	0.38mi
14139 Nesting Way Unit A Delray Beach, FL	2.0	2.0	1255	$2,000	$1.59	1d	1	0.40mi
14425 Amapola Way Delray Beach, FL	2.0	2.0	1406	$2,800	$1.99	8d	1	0.42mi
14464 Campanelli Dr Delray Beach, FL	2.0	2.0	1296	$2,950	$2.28	27d	1	0.44mi
5030 Lakefront Blvd Unit D Delray Beach, FL	2.0	2.0	1287	$1,700	$1.32	27d	1	0.46mi
14040 Nesting Way Unit B Delray Beach, FL	1.0	2.0	1092	$1,700	$1.56	27d	1	0.46mi
14050 Pacific Point Pl Delray Beach, FL	1.0–3.0	1.0–2.0	1033	$2,218	$2.15	0d	28	0.47mi
5600 Atlantic Ave Delray Beach, FL	1.0–3.0	1.0–3.0	1147	$2,062	$1.80	1d	29	0.51mi
13990 Nesting Way Unit C Delray Beach, FL	1.0	2.0	1092	$2,300	$2.11	27d	1	0.56mi
5910 Morningstar Cir #202 Delray Beach, FL	2.0	2.0	1120	$2,200	$1.96	27d	1	0.58mi
5884 Morningstar Cir #306 Delray Beach, FL	2.0	2.0	1113	$2,200	$1.98	27d	1	0.58mi
5265 NW 3rd St Unit C Delray Beach, FL	1.0	1.5	1080	$2,200	$2.04	27d	1	0.59mi
5061 Nesting Way Unit D Delray Beach, FL	2.0	2.0	1255	$2,400	$1.91	27d	1	0.63mi
6096 Kings Gate Cir Delray Beach, FL	2.0	2.0	1311	$2,500	$1.91	27d	1	0.65mi
13682 Via Flora Unit H Delray Beach, FL	2.0	2.0	1097	$1,900	$1.73	27d	1	0.66mi
13916 Via Flora Unit F Delray Beach, FL	2.0	2.0	989	$3,000	$3.03	27d	1	0.67mi
13886 Via Flora Unit A Delray Beach, FL	2.0	2.0	1097	$2,075	$1.89	27d	1	0.69mi
13787 Flora Pl Unit A Delray Beach, FL	2.0	2.0	1097	$2,500	$2.28	27d	1	0.74mi
6234 Pointe Regal Cir Delray Beach, FL	2.0	2.0	1217	$3,899	$3.20	27d	1	0.76mi
13721 Flora Pl Unit D Delray Beach, FL	2.0	2.0	1097	$1,900	$1.73	8d	1	0.76mi
13721 Flora Pl Unit D Delray Beach, FL	2.0	2.0	1097	$1,850	$1.69	27d	1	0.76mi
15449 Lakes of Delray Blvd #207 Delray Beach, FL	2.0	2.0	976	$2,950	$3.02	27d	1	0.77mi
15469 Lakes of Delray Blvd #102 Delray Beach, FL	2.0	2.0	976	$3,000	$3.07	27d	1	0.77mi
4477 NW 3rd Dr Delray Beach, FL	2.0	1.5	1109	$2,550	$2.30	27d	1	0.77mi
13731 Flora Pl Unit A Delray Beach, FL	2.0	2.0	1097	$1,850	$1.69	27d	1	0.78mi
14111 Royal Vista Dr #404 Delray Beach, FL	2.0	2.0	1392	$3,200	$2.30	27d	1	0.79mi
15364 Lakes of Delray Blvd #45 Delray Beach, FL	2.0	2.0	1160	$2,000	$1.72	16d	1	0.80mi
13741 Flora Pl Unit B Delray Beach, FL	2.0	2.0	989	$2,100	$2.12	24d	1	0.81mi
5200 Privet Pl Unit C Delray Beach, FL	2.0	2.0	1457	$1,850	$1.27	27d	1	0.82mi
14608 Country Side Ln Delray Beach, FL	2.0	2.0	1303	$2,950	$2.26	27d	1	0.82mi

HOA detail condo

• Monthly dues: $397 · $4,764/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-22
   days on market $155,000 Active 86 DOM
2. 2026-06-21
   pricedays on market $155,000 Active 85 DOM
3. 2026-06-18
   days on market $160,000 Active 82 DOM
4. 2026-06-17
   days on market $160,000 Active 81 DOM
5. 2026-06-16
   days on market $160,000 Active 80 DOM
6. 2026-06-15
   days on market $160,000 Active 79 DOM
7. 2026-06-13
   days on market $160,000 Active 77 DOM
8. 2026-06-09
   days on market $160,000 Active 73 DOM
9. 2026-06-08
   days on market $160,000 Active 72 DOM
10. 2026-06-07
    days on market $160,000 Active 71 DOM
11. 2026-06-04
    days on market $160,000 Active 68 DOM
12. 2026-06-03
    days on market $160,000 Active 67 DOM
13. 2026-06-02
    days on market $160,000 Active 66 DOM
14. 2026-06-01
    days on market $160,000 Active 65 DOM
15. 2026-05-31
    days on market $160,000 Active 64 DOM
16. 2026-03-28
    listed $160,000 Active
17. 2013-09-21
    historical
18. 2008-05-01
    soldstatus $62,500
19. 2008-04-29
    soldstatus $62,500 386-char remark

    Show marketing remark (386 chars)

    Stunning, immaculate 1 bedroom villa with 2 full baths! Incredible storage space! Charming enclosed Florida Room which can be used as a bedroom; tremendous community; great value! Charming, immaculate villa with 2 full baths and tile throughout; fabulous enclosed Florida Room; Service contract! Stunning hand painted mural in the dining area! Close to great shopping; active clubhouse!

20. 2008-04-04
    historical 386-char remark

    Show marketing remark (386 chars)

    Stunning, immaculate 1 bedroom villa with 2 full baths! Incredible storage space! Charming enclosed Florida Room which can be used as a bedroom; tremendous community; great value! Charming, immaculate villa with 2 full baths and tile throughout; fabulous enclosed Florida Room; Service contract! Stunning hand painted mural in the dining area! Close to great shopping; active clubhouse!

21. 2008-01-15
    listed $67,900 386-char remark

    Show marketing remark (386 chars)

    Stunning, immaculate 1 bedroom villa with 2 full baths! Incredible storage space! Charming enclosed Florida Room which can be used as a bedroom; tremendous community; great value! Charming, immaculate villa with 2 full baths and tile throughout; fabulous enclosed Florida Room; Service contract! Stunning hand painted mural in the dining area! Close to great shopping; active clubhouse!

22. 2006-10-30
    listed $94,000

ⓘ 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: $2,064 · $172/mo
• Projected year-2 tax: $2,064 · $172/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,331
• − Mortgage interest: −$8,682
• − Property taxes: −$2,064
• − Insurance: −$775
• − Repairs & maintenance: −$2,106
• − Management: −$2,106
• − HOA: −$4,764
• − Depreciation: −$4,509
• Taxable income: $1,324
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $3,127/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 — 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

• County: Palm Beach County · 1,438,312 people
• City population: 123,167
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 26,208
• Household income: $62,151
• Rent vs Own: 19.0% rent · 81.0% own
• Severe rent burden: 991.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 10% Black 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 2%
• Common ancestry: Scotch-Irish 7% Romanian 6% Italian 2%
• Foreign-born: 23% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 13% Russian/Polish/Slavic 3% French/Haitian/Cajun 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: ▼ -232.73%
• Current HPI: 254.5016
• Rent YoY: ▲ 4.28%
• 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

+70.2% since first listed

7 events — show timeline

• 2026-03-28 Listed $160,000 Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2008-05-01 Sold (Public Records) $62,500 Public Records
• 2008-04-29 Sold (MLS) $62,500 Beaches MLS
• 2008-04-04 Listing Removed — Beaches MLS
• 2008-01-15 Listed $67,900 Beaches MLS
• 2006-10-30 Listed $94,000 Beaches MLS

Property tax history

+6.8%/yr

Latest (2025): $2,064 · +1.4% YoY. Source: county tax records.