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6461 NW 2nd Ave Unit Five
D Composite 40.53
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 +9.2/30.0
  • ARV discount +7.5/15.0
  • 1% rule +6.0/10.0
  • Schools +4.3/10.0
  • Livability +3.9/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.4/5.0
  • DSCR +2.6/10.0
  • Appreciation +0.0/10.0

$249,000

6461 NW 2nd Ave Unit Five · Boca Raton, FL 33487
2 bd · 2.0 ba · 1,300 sqft · Condo · 90 Days on market
Built 1973 Good condition $620/mo HOA · 23% of rent

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

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 WINDOWSPRIVATE LANAIPEACEFUL GARDEN VIEWSUPSCALE SHOPPINGLUXURY RACQUET SPORTS FACILITY

Property features AI

Finance

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

Exterior

  • Parking: Assigned parking; Guest parking; 1 open parking space (1 total parking)
  • Security: Closed-circuit camera(s); Smoke detector(s); Security system; Secure elevator; Entry phone/intercom
  • Utilities: Public water; Public sewer; Cable available; Water available; Sewer available
  • Home design: Condominium; Resale condition; Faces east; Accessible elevator installed
  • Construction: CBS construction; Block foundation; Other roof type; 5-story building
  • Exterior features: Covered patio; Screened patio; Patio; Glass-enclosed patio; City street frontage; Not waterfront; Public maintained road

Interior

  • Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
  • Bedrooms: 2 bedrooms on the main level
  • Flooring: Tile
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
  • Interior features: Built-in features; Walk-in closet(s); Split bedroom layout; Blinds on windows
  • Laundry & utility: Inside laundry; Laundry located in kitchen; Dedicated laundry room

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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 $-186 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $222k (10.8% below list).
  • Meets the 1% rule at list price ($3k rent vs $249k).
  • Recommended offer: $222k (10.8% below list) — sets the bar for cash-flow.
  • Cap rate 5.4% vs local median 2.7% 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); 338 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 90 days — a 6% lower offer ($234k) 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 $222,131 (10.8% 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 90 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
5.40%
Cash-on-cash
-3.20%
DSCR
0.86
GRM
7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold
IRR
-20.5%
Equity multiple
0.28×
Total profit
$-50,152
Equity at exit
$37,127
10-year hold
IRR
-11.6%
Equity multiple
0.28×
Total profit
$-50,537
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.

ZIP-level market 33487

Rents YoY
3.6%
Active inventory
338
Price-to-rent
7.6×

Monthly cashflow live

Estimated rent
$2,728 high interval (Pro) →
Mortgage (P&I)
$1,306
Tax est. 1.5%
$311 /mo · $3,735/yr
Insurance
$104
HOA
$620
Vacancy / Maint / Mgmt
$573
Net cashflow
$-186

Break-even live

Break-even rent $2,963
Max offer price $222,131
Occupancy floor

Sensitivity live

Price -10% $-14 -5% $-100 +0% $-186 +5% $-272 +10% $-358
Rent -10% $-401 -5% $-293 +0% $-186 +5% $-78 +10% $30
Rate -1.0pp $-60 -0.5pp $-122 base $-186 +0.5pp $-250 +1.0pp $-316

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
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6461 NW 2nd Ave Boca Raton, FL 2.0 2.0 1300 $2,148 $1.65 26d 2 0.03mi
6461 NW 2nd Ave Boca Raton, FL 2.0 2.0 1175 $2,238 $1.90 1d 2 0.03mi
6161 NW 2nd Ave Boca Raton, FL 2.0 2.0 1200 $2,200 $1.83 1d 1 0.09mi
6161 NW 2nd Ave Unit 520 Boca Raton, FL 2.0 2.0 1200 $2,195 $1.83 26d 1 0.09mi
5961 NW 2nd Ave Apt 108 Boca Raton, FL 2.0 2.0 1050 $2,400 $2.29 10d 1 0.15mi
6500 NW 2nd Ave #512 Boca Raton, FL 2.0 2.0 1316 $2,800 $2.13 26d 1 0.19mi
6500 NW 2nd Ave Unit 311 Boca Raton, FL 3.0 2.0 1316 $2,850 $2.17 5d 1 0.19mi
6000 NW 2nd Ave #437 Boca Raton, FL 2.0 2.0 1300 $2,500 $1.92 17d 1 0.21mi
140 NW 70th St #2030 Boca Raton, FL 2.0 2.0 1018 $2,500 $2.46 7d 1 0.30mi
140 NW 70th St #2040 Boca Raton, FL 2.0 2.0 1018 $2,400 $2.36 26d 1 0.30mi
140 NW 70th St #1020 Boca Raton, FL 2.0 2.0 1018 $2,100 $2.06 10d 1 0.30mi
255 Glouchester St Boca Raton, FL 3.0 2.0 1470 $3,950 $2.69 26d 1 0.32mi
130 NW 70th St Unit 202 Boca Raton, FL 2.0 2.0 1018 $2,300 $2.26 26d 1 0.32mi
6850 NW 2nd Ave #18 Boca Raton, FL 2.0 2.0 1420 $3,300 $2.32 23d 1 0.33mi
120 NW 70th St Unit 102 Boca Raton, FL 2.0 2.0 1018 $2,250 $2.21 26d 1 0.36mi
380 NW 67th St Boca Raton, FL 3.0 2.0 1436 $3,250 $2.26 19d 1 0.38mi
380 NW 67th St Unit J204 Boca Raton, FL 3.0 2.0 1436 $3,250 $2.26 1d 1 0.38mi
380 NW 67th St Unit J204 Boca Raton, FL 3.0 2.0 1436 $3,250 $2.26 26d 1 0.38mi
5701 NW 2nd Ave #1140 Boca Raton, FL 2.0 2.0 1000 $2,350 $2.35 1d 1 0.39mi
159 NW 70th St #518 Boca Raton, FL 2.0 2.0 995 $2,250 $2.26 26d 1 0.46mi
149 NW 70th St Unit 101C Boca Raton, FL 2.0 2.5 1300 $2,750 $2.12 26d 1 0.47mi
5700 NW 2nd Ave Boca Raton, FL 2.0–3.0 2.0 1125 $2,200 $1.96 1d 4 0.47mi
5700 NW 2nd Ave Boca Raton, FL 2.0 2.0 1125 $2,162 $1.92 23d 4 0.47mi
5501 NW 2nd Ave Boca Raton, FL 1.0–2.0 1.5–2.0 925 $2,500 $2.70 7d 3 0.48mi
380 Kingsbridge St Boca Raton, FL 3.0 2.0 1800 $2,549 $1.42 26d 1 0.49mi
660 Coventry St Unit 6 Boca Raton, FL 3.0 2.5 1800 $3,500 $1.94 10d 1 0.51mi
5500 NW 2nd Ave #514 Boca Raton, FL 3.0 2.0 1200 $2,900 $2.42 17d 1 0.52mi
7200 NW 2nd Ave #160 Boca Raton, FL 2.0 2.0 1054 $2,400 $2.28 23d 1 0.54mi
7200 NW 2nd Ave #146 Boca Raton, FL 2.0 2.0 1054 $2,300 $2.18 10d 1 0.55mi
713 Forsyth St Unit 33487 Boca Raton, FL 3.0 2.0 1626 $16,500 $10.15 23d 1 0.58mi
713 Forsyth St Boca Raton, FL 3.0 2.0 1626 $16,500 $10.15 17d 1 0.58mi
5301 NW 2nd Ave Boca Raton, FL 2.0 2.0–2.5 1300 $2,640 $2.03 7d 2 0.59mi
5301 NW 2nd Ave Boca Raton, FL 2.0 2.0–2.5 1300 $2,698 $2.08 9d 2 0.59mi
5301 NW 2nd Ave #1010 Boca Raton, FL 2.0 2.0 1300 $2,800 $2.15 26d 1 0.59mi
5301 NW 2nd Ave Apt 307 Boca Raton, FL 2.0 2.0 1300 $2,900 $2.23 26d 1 0.59mi
5340 NW 2nd Ave #226 Boca Raton, FL 2.0 2.0 1316 $3,500 $2.66 26d 1 0.61mi
701 Appleby St Boca Raton, FL 3.0 2.0 1552 $7,800 $5.03 21d 1 0.63mi
701 Appleby St Boca Raton, FL 3.0 2.0 1552 $7,800 $5.03 4d 1 0.63mi
6991 NE 7th Ave Boca Raton, FL 3.0 2.0 1854 $8,000 $4.31 19d 1 0.64mi
299 NW 52nd Ter Unit X Boca Raton, FL 2.0 2.0 1300 $3,000 $2.31 26d 1 0.67mi

HOA detail condo

Monthly dues
$620 · $7,440/yr
Likely covers
waterpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 25 events

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

  21. 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!

  22. 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!

  23. 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!

  24. 2021-11-16
    historical
  25. 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$32,736
− Mortgage interest
−$13,948
− Property taxes
−$3,735
− Insurance
−$1,245
− Repairs & maintenance
−$2,619
− Management
−$2,619
− HOA
−$7,440
− Depreciation
−$7,244
Taxable loss
−$6,114
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,467
After-tax cash flow
$-761/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

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.

Renovation cost estimate screening

Value-add ROI direction

  • 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.

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — 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 · 1,438,312 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
896.0

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 (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%

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

Industry mix (Fortune 500 HQ in FL)

Industry F500 HQs Revenue

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

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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