6461 NW 2nd Ave Unit Five · Boca Raton, FL 33487

$249,000

2 bd · 2.0 ba · 1,300 sqft · Condo · 93 Days on market

55+ age-restricted Built 1973 Good condition $192/sqft · 7% below area Est $268k · 7% under $620/mo HOA · 23% 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 +12.2/30.0
• ARV discount +10.7/15.0
• Schools +6.1/10.0
• 1% rule +5.5/10.0
• Livability +3.9/5.0
• DSCR +3.8/10.0
• Condition / age +3.8/5.0
• Rent growth +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PENTHOUSE! GREAT Pool & Boca PARK VIEWS FROM BALCONY. AIR CONDITIONER UNDER 2 YEARS OLD, INCLUDING NEW KITCHEN GE PROFILE FRIG ICE DESPENSER AND WATER ON DOOR DISHWASHER STOVE CONVECTION. NEW WASHER DRYER HURRICANE WINDOWS & DOORS LOW INSURANCE COSTS; CLOSE TO THE BEACH WITH VERY LOW MAINTANCE FEE ($258) WASHER/DRYER IN UNIT IN THIS WELL MAINTANED 55+ BUILDING. .. THE APT WOULD BE 3 BEDROOMS IF DEN IS CONVERTED. .. INCLOSED PATIO ADDS OVER 100 SQUARE FEET TO EQUAL 1400. ELEVATOR & SECURE LOBBY, CENTAL TO ALL BOCA HAS TO OFFER INCLUDING TOWN CENTER, MIZNER PARK, RESTAURANTS, GOLF COURSES PALM BEACH/ FORT LAUDERDALE INTERNATIONAL AIRPORTS. BEAUTIFUL POOL AND BBQ AREA. CAN BE TURN KEY MAKE OFFER!

Key facts

• Upscale shopping
• Private lanai
• $620 HOA

Tags

• HURRICANE IMPACT WINDOWS
• PRIVATE LANAI
• PEACEFUL GARDEN VIEWS
• UPSCALE SHOPPING
• LUXURY RACQUET SPORTS FACILITY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $249k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-181 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (10.5% below list).
• Meets the 1% rule at list price ($3k rent vs $249k).
• Recommended offer: $223k (10.5% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 3.2% in Boca Raton — 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 (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, cost of living 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: Blue Lake Elementary (731 students, 18% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% FRL); West Boca Raton High School (math 55% / reading 70%, grade B-, #93 of 667 statewide, top 14%, 2,271 students, 28% FRL) — zoned schools average 29% FRL vs 52% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.6%/yr); 397 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 48d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 34% of the median local income ($96k/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 $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 93 days — a 9% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $16k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• 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 $222,761 (10.5% 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 93 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 A-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?
9. 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?
10. 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.
11. 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.
12. 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: 1.10% ✓
• Cap rate: 5.42%
• Cash-on-cash: -3.12%
• DSCR: 0.86
• GRM: 7.6

CMA / ARV

• ARV (median comp): $268,149
• List price: $249,000
• Delta: -7.14%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5961 NW 2nd Ave #403	0.17mi	2/2.0	1,200 (-8%)	2mo	$265,000	$221	78
5961 NW 2nd Ave #209	0.23mi	3/2.0 (+1)	1,200 (-8%)	0mo	$195,000	$163	71
280 NW 67th St Unit B203	0.25mi	2/2.0	1,116 (-14%)	2mo	$170,000	$152	64
6161 NW 2nd Ave Ph -r	0.12mi	1/2.0 (-1)	1,050 (-19%)	1mo	$125,000	$119	63
7200 NW 2nd Ave #66	0.52mi	2/2.0	1,054 (-19%)	0mo	$300,000	$285	50
801 Berkeley St	0.72mi	3/2.0 (+1)	1,392 (+7%)	1mo	$945,000	$679	49
4201 N Ocean Blvd Unit 302c	1.43mi	2/2.0	1,438 (+11%)	0mo	$612,000	$426	47
25 Pelican Pointe Dr #201	1.32mi	3/2.0 (+1)	1,413 (+9%)	0mo	$342,500	$242	45
380 Manchester St	0.61mi	3/2.0 (+1)	982 (-24%)	1mo	$470,000	$479	41
3351 Spanish Trl #115	1.49mi	2/2.0	1,000 (-23%)	0mo	$255,000	$255	40
3421 Spanish Trl #329	1.41mi	2/2.0	1,000 (-23%)	0mo	$410,000	$410	40
3310 S Ocean Blvd Unit 528-d	1.21mi	1/2.0 (-1)	981 (-24%)	0mo	$360,000	$367	35

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.28×
• Total profit: $-49,871
• Equity at exit: $37,127

10-year hold

• IRR: -11.5%
• Equity multiple: 0.28×
• Total profit: $-49,922
• Equity at exit: $21,529

Cash invested: $69,720 (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 →

Active competition Active MLS

• For sale now: 6 active · 10 under contract
• Median asking: $319,500 ($267/sqft)
• Median days on market: 103 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -22.8% vs current asking $/sqft

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

ZIP-level market 33487

• Rents YoY: 3.6%
• Active inventory: 397
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,733 high
• Mortgage (P&I): −$1,306
• Tax est. 1.5%: −$311 /mo · $3,735/yr
• Insurance: −$104
• HOA: −$620
• Vacancy / Maint / Mgmt: −$574
• Net cashflow: $-181

Break-even live

Break-even rent $2,963

Max offer price $222,761

Occupancy floor —

Sensitivity live

Price	-10% $-9	-5% $-95	+0% $-181	+5% $-267	+10% $-353
Rent	-10% $-397	-5% $-289	+0% $-181	+5% $-73	+10% $35
Rate	-1.0pp $-56	-0.5pp $-118	base $-181	+0.5pp $-246	+1.0pp $-311

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: $62,250
• Closing costs: $7,470
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6461 NW 2nd Ave Boca Raton, FL	2.0	2.0	1175	$2,238	$1.90	48d	2	0.03mi
6461 NW 2nd Ave Boca Raton, FL	2.0	2.0	1300	$2,148	$1.65	73d	2	0.03mi
6161 NW 2nd Ave Boca Raton, FL	2.0	2.0	1200	$2,200	$1.83	48d	1	0.09mi
6161 NW 2nd Ave Unit 520 Boca Raton, FL	2.0	2.0	1200	$2,195	$1.83	73d	1	0.09mi
6100 NW 2nd Ave Unit 329 Boca Raton, FL	2.0	2.0	1300	$2,800	$2.15	11d	1	0.13mi
6000 NW 2nd Ave Unit 338 Boca Raton, FL	2.0	2.0	1300	$2,450	$1.88	32d	1	0.13mi
5961 NW 2nd Ave Apt 108 Boca Raton, FL	2.0	2.0	1050	$2,400	$2.29	57d	1	0.15mi
5961 NW 2nd Ave Unit E Boca Raton, FL	2.0	2.0	1050	$2,150	$2.05	2d	1	0.15mi
6500 NW 2nd Ave #512 Boca Raton, FL	2.0	2.0	1316	$2,800	$2.13	73d	1	0.19mi
6500 NW 2nd Ave #512 Boca Raton, FL	2.0	2.0	1316	$2,800	$2.13	4d	1	0.19mi
6500 NW 2nd Ave Unit 311 Boca Raton, FL	3.0	2.0	1316	$2,850	$2.17	52d	1	0.19mi
6000 NW 2nd Ave #238 Boca Raton, FL	2.0	2.0	1300	$2,700	$2.08	1d	1	0.20mi
5961 NW 2nd Ave #506 Boca Raton, FL	2.0	2.0	1050	$2,200	$2.10	19d	1	0.20mi
6000 NW 2nd Ave #437 Boca Raton, FL	2.0	2.0	1300	$2,500	$1.92	64d	1	0.21mi
140 NW 70th St #2040 Boca Raton, FL	2.0	2.0	1018	$2,400	$2.36	73d	1	0.30mi
140 NW 70th St #1020 Boca Raton, FL	2.0	2.0	1018	$2,100	$2.06	57d	1	0.30mi
140 NW 70th St #2030 Boca Raton, FL	2.0	2.0	1018	$2,500	$2.46	54d	1	0.30mi
255 Glouchester St Boca Raton, FL	3.0	2.0	1482	$3,950	$2.67	43d	1	0.32mi
255 Glouchester St Boca Raton, FL	3.0	2.0	1470	$3,950	$2.69	73d	1	0.32mi
130 NW 70th St Unit 202 Boca Raton, FL	2.0	2.0	1018	$2,300	$2.26	73d	1	0.32mi
6850 NW 2nd Ave #18 Boca Raton, FL	2.0	2.0	1420	$3,300	$2.32	70d	1	0.33mi
6850 NW 2nd Ave #18 Boca Raton, FL	2.0	2.0	1420	$3,300	$2.32	3d	1	0.33mi
340 NW 67th St Boca Raton, FL	3.0	2.0	1436	$3,000	$2.09	12d	1	0.34mi
340 NW 67th St #108 Boca Raton, FL	3.0	2.0	1436	$3,000	$2.09	17d	1	0.34mi
120 NW 70th St #103 Boca Raton, FL	2.0	2.0	1018	$2,300	$2.26	3d	1	0.35mi
120 NW 70th St #103 Boca Raton, FL	2.0	2.0	1018	$2,300	$2.26	4d	1	0.35mi
120 NW 70th St Unit 102 Boca Raton, FL	2.0	2.0	1018	$2,250	$2.21	73d	1	0.36mi
120 NW 70th St #1040 Boca Raton, FL	2.0	2.0	1018	$2,700	$2.65	3d	1	0.36mi
209 Coventry St Boca Raton, FL	3.0	2.0	1147	$3,500	$3.05	15d	1	0.36mi
474 Enfield St Boca Raton, FL	3.0	2.0	1037	$3,400	$3.28	42d	1	0.37mi
380 NW 67th St Unit J204 Boca Raton, FL	3.0	2.0	1436	$3,250	$2.26	73d	1	0.38mi
380 NW 67th St Boca Raton, FL	3.0	2.0	1436	$3,250	$2.26	66d	1	0.38mi
380 NW 67th St Unit J204 Boca Raton, FL	3.0	2.0	1436	$3,250	$2.26	48d	1	0.38mi
110 NW 70th St #1030 Boca Raton, FL	2.0	2.0	1018	$2,550	$2.50	41d	1	0.39mi
5701 NW 2nd Ave #1140 Boca Raton, FL	2.0	2.0	1000	$2,350	$2.35	37d	1	0.42mi
460 NW 67th St Unit L204 Boca Raton, FL	3.0	2.0	1436	$3,250	$2.26	43d	1	0.44mi
159 NW 70th St #416 Boca Raton, FL	2.0	2.0	995	$2,700	$2.71	15d	1	0.46mi
149 NW 70th St Unit 101C Boca Raton, FL	2.0	2.5	1300	$2,750	$2.12	73d	1	0.47mi
5700 NW 2nd Ave Boca Raton, FL	1.0–2.0	2.0	1125	$2,400	$2.13	11d	4	0.47mi
5700 NW 2nd Ave Boca Raton, FL	2.0	2.0	1125	$2,162	$1.92	70d	4	0.47mi

Property features AI

Finance

• Other: Senior community
• Financial info: Pets not allowed
• HOA & community: Community of 79 unitsAssociation amenities include laundry, parking, pool, heated pool, trash chute, lobbyMonthly HOA feeHOA fee covers cable TV, grounds maintenance, security, sewer, trash, common areas, elevator, reserve funds, and pool service

Exterior

• Parking: Assigned parkingGuest parking1 open parking space (1 total parking)
• Security: Closed-circuit camera(s)Smoke detector(s)Security systemSecure elevatorEntry phone/intercom
• Utilities: Public waterPublic sewerCable availableWater availableSewer available
• Home design: CondominiumResale conditionFaces eastAccessible elevator installed
• Construction: CBS constructionBlock foundationOther roof type5-story building
• Exterior features: Covered patioScreened patioPatioGlass-enclosed patioCity street frontageNot waterfrontPublic maintained road

Interior

• Kitchen: DishwasherElectric rangeMicrowaveRefrigeratorElectric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heatingCentral air conditioningCeiling fan(s)
• Interior features: Built-in featuresWalk-in closet(s)Split bedroom layoutBlinds on windows
• Laundry & utility: Inside laundryLaundry located in kitchenDedicated laundry room

HOA detail $620/mo · $7,440/yr condo

• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-24
   days on market $249,000 Active 93 DOM
2. 2026-06-22
   days on market $249,000 Active 91 DOM
3. 2026-06-21
   days on market $249,000 Active 90 DOM
4. 2026-06-18
   days on market $249,000 Active 87 DOM
5. 2026-06-17
   days on market $249,000 Active 86 DOM
6. 2026-06-16
   days on market $249,000 Active 85 DOM
7. 2026-06-15
   days on market $249,000 Active 84 DOM
8. 2026-06-13
   days on market $249,000 Active 82 DOM
9. 2026-06-09
   days on market $249,000 Active 78 DOM
10. 2026-06-08
    days on market $249,000 Active 77 DOM
11. 2026-06-07
    days on market $249,000 Active 76 DOM
12. 2026-06-04
    days on market $249,000 Active 73 DOM
13. 2026-06-03
    days on market $249,000 Active 72 DOM
14. 2026-06-02
    days on market $249,000 Active 71 DOM
15. 2026-06-01
    days on market $249,000 Active 70 DOM
16. 2026-05-31
    days on market $249,000 Active 69 DOM
17. 2026-05-19
    price $249,000
18. 2026-03-23
    listed $265,000 Active
19. 2026-01-12
    historical $2,495
20. 2026-01-11
    listed $2,495
21. 2022-11-22
    historical
22. 2022-11-08
    soldstatus $286,000 Closed 720-char remark

    Show marketing remark (720 chars)

    PENTHOUSE! GREAT Pool & Boca PARK VIEWS FROM BALCONY. AIR CONDITIONER UNDER 2 YEARS OLD, INCLUDING NEW KITCHEN GE PROFILE FRIG ICE DESPENSER AND WATER ON DOOR DISHWASHER STOVE CONVECTION. NEW WASHER DRYER HURRICANE WINDOWS & DOORS LOW INSURANCE COSTS; CLOSE TO THE BEACH WITH VERY LOW MAINTANCE FEE ($258) WASHER/DRYER IN UNIT IN THIS WELL MAINTANED 55+ BUILDING. .. THE APT WOULD BE 3 BEDROOMS IF DEN IS CONVERTED. .. INCLOSED PATIO ADDS OVER 100 SQUARE FEET TO EQUAL 1400. ELEVATOR & SECURE LOBBY, CENTAL TO ALL BOCA HAS TO OFFER INCLUDING TOWN CENTER, MIZNER PARK, RESTAURANTS, GOLF COURSES PALM BEACH/ FORT LAUDERDALE INTERNATIONAL AIRPORTS. BEAUTIFUL POOL AND BBQ AREA. CAN BE TURN KEY MAKE OFFER!

23. 2022-09-29
    status Pending 720-char remark

    Show marketing remark (720 chars)

    PENTHOUSE! GREAT Pool & Boca PARK VIEWS FROM BALCONY. AIR CONDITIONER UNDER 2 YEARS OLD, INCLUDING NEW KITCHEN GE PROFILE FRIG ICE DESPENSER AND WATER ON DOOR DISHWASHER STOVE CONVECTION. NEW WASHER DRYER HURRICANE WINDOWS & DOORS LOW INSURANCE COSTS; CLOSE TO THE BEACH WITH VERY LOW MAINTANCE FEE ($258) WASHER/DRYER IN UNIT IN THIS WELL MAINTANED 55+ BUILDING. .. THE APT WOULD BE 3 BEDROOMS IF DEN IS CONVERTED. .. INCLOSED PATIO ADDS OVER 100 SQUARE FEET TO EQUAL 1400. ELEVATOR & SECURE LOBBY, CENTAL TO ALL BOCA HAS TO OFFER INCLUDING TOWN CENTER, MIZNER PARK, RESTAURANTS, GOLF COURSES PALM BEACH/ FORT LAUDERDALE INTERNATIONAL AIRPORTS. BEAUTIFUL POOL AND BBQ AREA. CAN BE TURN KEY MAKE OFFER!

24. 2022-09-12
    price $307,500 720-char remark

    Show marketing remark (720 chars)

    PENTHOUSE! GREAT Pool & Boca PARK VIEWS FROM BALCONY. AIR CONDITIONER UNDER 2 YEARS OLD, INCLUDING NEW KITCHEN GE PROFILE FRIG ICE DESPENSER AND WATER ON DOOR DISHWASHER STOVE CONVECTION. NEW WASHER DRYER HURRICANE WINDOWS & DOORS LOW INSURANCE COSTS; CLOSE TO THE BEACH WITH VERY LOW MAINTANCE FEE ($258) WASHER/DRYER IN UNIT IN THIS WELL MAINTANED 55+ BUILDING. .. THE APT WOULD BE 3 BEDROOMS IF DEN IS CONVERTED. .. INCLOSED PATIO ADDS OVER 100 SQUARE FEET TO EQUAL 1400. ELEVATOR & SECURE LOBBY, CENTAL TO ALL BOCA HAS TO OFFER INCLUDING TOWN CENTER, MIZNER PARK, RESTAURANTS, GOLF COURSES PALM BEACH/ FORT LAUDERDALE INTERNATIONAL AIRPORTS. BEAUTIFUL POOL AND BBQ AREA. CAN BE TURN KEY MAKE OFFER!

25. 2022-09-12
    listed $314,500 Active 720-char remark

    Show marketing remark (720 chars)

    PENTHOUSE! GREAT Pool & Boca PARK VIEWS FROM BALCONY. AIR CONDITIONER UNDER 2 YEARS OLD, INCLUDING NEW KITCHEN GE PROFILE FRIG ICE DESPENSER AND WATER ON DOOR DISHWASHER STOVE CONVECTION. NEW WASHER DRYER HURRICANE WINDOWS & DOORS LOW INSURANCE COSTS; CLOSE TO THE BEACH WITH VERY LOW MAINTANCE FEE ($258) WASHER/DRYER IN UNIT IN THIS WELL MAINTANED 55+ BUILDING. .. THE APT WOULD BE 3 BEDROOMS IF DEN IS CONVERTED. .. INCLOSED PATIO ADDS OVER 100 SQUARE FEET TO EQUAL 1400. ELEVATOR & SECURE LOBBY, CENTAL TO ALL BOCA HAS TO OFFER INCLUDING TOWN CENTER, MIZNER PARK, RESTAURANTS, GOLF COURSES PALM BEACH/ FORT LAUDERDALE INTERNATIONAL AIRPORTS. BEAUTIFUL POOL AND BBQ AREA. CAN BE TURN KEY MAKE OFFER!

26. 2021-11-16
    historical
27. 2021-11-15
    listed $250,000 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 · 26 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

Taxation est. · year 1

• Rental income: $32,802
• − Mortgage interest: −$13,948
• − Property taxes: −$3,735
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,624
• − Management: −$2,624
• − HOA: −$7,440
• − Depreciation: −$7,244
• Taxable loss: −$6,058
• Est. tax savings @ 24.0%: +$1,454
• After-tax cash flow: $-722/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 · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $6,500–$19,500 screening

This move-in ready first floor residence in Boca Raton offers a good condition with updated kitchens and bathrooms, and a well-maintained exterior. Minor exterior painting and landscaping improvements can further enhance its value.

Value-add opportunities

• Both Painting the exterior walls — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Interior updates — Fresh paint and minor updates can make the interior more appealing and increase both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic 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.

C Composite school gradezoned avg 61/100

Zoned Schools

Elementary Blue Lake Elementary Middle Boca Raton Community Middle School B FL #135/571 Nat'l #1,793/14,009 High West Boca Raton High School B- FL #93/667 Nat'l #3,176/17,239

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 — Boca Raton

• Score: 77/100
• State rank: #192
• US rank: #3070

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Boca Raton, FL
• County: Palm Beach County · 1,637,487 people
• City population: 250,102
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 20,717
• Household income: $96,066
• Rent vs Own: 26.8% rent · 73.2% own
• Severe rent burden: 14% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 13% Two or more races 11% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 7% Scotch-Irish 5% Lithuanian 2%
• Foreign-born: 21% · Canada, Jamaica, China
• Languages at home: 77% English-only · Spanish 10% Other Indo-European 4% Russian/Polish/Slavic 3%

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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: ▼ -331.59%
• Current HPI: 352.5852
• Rent YoY: ▲ 3.58%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

Property features AI

Finance

• Other: Senior community
• Financial info: Pets not allowed
• HOA & community: Community of 79 unitsAssociation amenities include laundry, parking, pool, heated pool, trash chute, lobbyMonthly HOA feeHOA fee covers cable TV, grounds maintenance, security, sewer, trash, common areas, elevator, reserve funds, and pool service

Exterior

• Parking: Assigned parkingGuest parking1 open parking space (1 total parking)
• Security: Closed-circuit camera(s)Smoke detector(s)Security systemSecure elevatorEntry phone/intercom
• Utilities: Public waterPublic sewerCable availableWater availableSewer available
• Home design: CondominiumResale conditionFaces eastAccessible elevator installed
• Construction: CBS constructionBlock foundationOther roof type5-story building
• Exterior features: Covered patioScreened patioPatioGlass-enclosed patioCity street frontageNot waterfrontPublic maintained road

Interior

• Kitchen: DishwasherElectric rangeMicrowaveRefrigeratorElectric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heatingCentral air conditioningCeiling fan(s)
• Interior features: Built-in featuresWalk-in closet(s)Split bedroom layoutBlinds on windows
• Laundry & utility: Inside laundryLaundry located in kitchenDedicated laundry room

Price history

-0.4% since first listed

11 events — show timeline

• 2026-05-19 Price Changed $249,000 Beaches MLS
• 2026-03-23 Listed $265,000 Beaches MLS
• 2026-01-12 Rental Removed $2,495 RMLSFL
• 2026-01-11 Listed for Rent $2,495 RMLSFL
• 2022-11-22 Rental Removed — RENT.
• 2022-11-08 Sold (MLS) $286,000 MARMLS
• 2022-09-29 Pending — MARMLS
• 2022-09-12 Price Changed $307,500 MARMLS
• 2022-09-12 Listed $314,500 MARMLS
• 2021-11-16 Listing Removed — Beaches MLS
• 2021-11-15 Listed $250,000 Beaches MLS