4801 Parker Ave · West Palm Beach, FL 33405

$349,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 6 Days on market

Built 1957 6,251 sqft lot

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity to create your own Magnificent home. Located close to the major roads and highways, close to the beach and shopping. A greta lot for playing in the yard, hobbies etc. Make your appointment today to see this gem.

Key facts

• Close to the beach
• Close to shopping
• 6,251 sq ft lot

Tags

• CLOSE TO THE BEACH
• CLOSE TO SHOPPING

Property features AI

Finance

• Other: Pets allowed with no restrictions
• Financial info: No investor or income/expense details provided
• HOA & community: No HOA information provided

Exterior

• Parking: Attached garage (1 covered space); Total 2 parking spaces
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable available; Electricity available; Sewer connected; Water connected
• Home design: Single-family residence; Resale condition; One-story; Faces north; Entry level: main
• Construction: CBS construction; Flat roof; Built as existing structure
• Exterior features: Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans; Wall/window AC units
• Interior features: No additional interior features listed
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $349k.

Deal economics

• At list price, monthly cash flow is $919 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $349k).
• Cap rate 9.5% vs local median 3.8% in West Palm 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 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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: Palmetto Elementary School (math 34% / reading 40%, grade F, #1,609 of 2,144 statewide, top 77%, 537 students, 82% FRL); Forest Hill Community High School (math 20% / reading 41%, grade F, #434 of 667 statewide, top 66%, 2,407 students, 66% FRL) — zoned schools average 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 50% district-wide (-16 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.4%/yr); 212 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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).
• At $3,772/mo this rent would consume 52% of the median local household income ($87k/yr) (locally 1055% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 + 3.4% rent growth), your $98k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $55k; list at $349k implies a 535% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $349,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.28%
• DSCR: 1.50
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.04×
• Total profit: $3,484
• Equity at exit: $52,037

10-year hold

• IRR: 10.9%
• Equity multiple: 1.87×
• Total profit: $84,685
• Equity at exit: $30,175

Cash invested: $97,720 (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 →

ZIP-level market 33405

• Rents YoY: 3.4%
• Active inventory: 212
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $3,772 high
• Mortgage (P&I): −$1,830
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$792
• Net cashflow: $919

Break-even live

Break-even rent $2,609

Max offer price $349,000

Occupancy floor 71%

Sensitivity live

Price	-10% $1,116	-5% $1,018	+0% $919	+5% $820	+10% $721
Rent	-10% $621	-5% $770	+0% $919	+5% $1,068	+10% $1,217
Rate	-1.0pp $1,095	-0.5pp $1,008	base $919	+0.5pp $828	+1.0pp $736

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5008 Parker Ave West Palm Beach, FL	3.0	2.0	1318	$4,000	$3.03	24d	1	0.11mi
733 Green St West Palm Beach, FL	2.0	1.0	1116	$3,400	$3.05	3d	1	0.19mi
5003 Garden Ave West Palm Beach, FL	4.0	2.0	1220	$2,950	$2.42	15d	1	0.27mi
719 Briggs St West Palm Beach, FL	3.0	2.0	1328	$3,500	$2.64	21d	1	0.29mi
727 Bunker Rd West Palm Beach, FL	3.0	1.0	875	$3,200	$3.66	21d	1	0.39mi
353 E Lakewood Rd West Palm Beach, FL	3.0	2.0	1440	$5,650	$3.92	24d	1	0.59mi
110 Wilson Rd West Palm Beach, FL	3.0	1.0	1433	$8,000	$5.58	24d	1	0.60mi
512 Revere Rd West Palm Beach, FL	4.0	2.0	1371	$3,395	$2.48	24d	1	0.67mi
512 Revere Rd West Palm Beach, FL	4.0	2.0	1371	$3,395	$2.48	15d	1	0.67mi
3331 Lake Ave West Palm Beach, FL	2.0	1.0	775	$3,500	$4.52	24d	1	0.82mi
360 Palmetto St West Palm Beach, FL	2.0	2.0	1318	$3,600	$2.73	3d	1	0.87mi
410 Franklin Rd West Palm Beach, FL	4.0	2.0	1388	$3,300	$2.38	24d	1	0.95mi
802 Lytle St West Palm Beach, FL	2.0	2.0	832	$4,000	$4.81	3d	1	0.98mi
3901 S Flagler Dr West Palm Beach, FL	2.0–5.0	2.0–5.0	2266	$6,333	$2.79	22d	6	1.02mi
3901 S Flagler Dr West Palm Beach, FL	2.0–5.0	2.0–5.0	2266	$6,000	$2.65	3d	6	1.02mi
3800 Washington Rd West Palm Beach, FL	2.0–3.0	2.0	1318	$10,000	$7.59	8d	5	1.03mi
3800 Washington Rd West Palm Beach, FL	2.0–3.0	2.0	1318	$10,000	$7.59	2d	6	1.03mi
3800 Washington Rd West Palm Beach, FL	2.0–3.0	2.0	1318	$10,000	$7.59	21d	4	1.03mi
621 Forest Hill Blvd West Palm Beach, FL	2.0	2.0	1400	$3,000	$2.14	19d	1	1.04mi
521 Hampton Rd West Palm Beach, FL	2.0	1.0	1188	$4,000	$3.37	24d	1	1.07mi
824 Winters St West Palm Beach, FL	3.0	2.0	1370	$3,000	$2.19	24d	1	1.08mi
3701 S Flagler Dr Unit B303 West Palm Beach, FL	2.0	2.0	1290	$3,850	$2.98	4d	1	1.09mi
712 Tuscaloosa St West Palm Beach, FL	4.0	2.0	1390	$4,495	$3.23	24d	1	1.11mi
3111 S Dixie Hwy West Palm Beach, FL	3.0	1.0–2.0	1024	$5,172	$5.05	5d	17	1.20mi
604 Piedmont Rd West Palm Beach, FL	4.0	2.0	1329	$3,500	$2.63	8d	1	1.23mi
374 Maddock St West Palm Beach, FL	3.0	2.0	1466	$6,500	$4.43	24d	1	1.28mi
904 Ortega Rd West Palm Beach, FL	3.0	1.0	910	$3,500	$3.85	5d	1	1.35mi
240 Almeria Rd West Palm Beach, FL	3.0	3.0	1092	$9,000	$8.24	4d	1	1.48mi
340 Summa St West Palm Beach, FL	3.0	2.0	1362	$5,750	$4.22	3d	1	1.49mi

Listing history 6 events

1. 2026-06-18
   status $349,000 Pending 6 DOM
2. 2026-06-17
   days on market $349,000 Active 6 DOM
3. 2026-06-16
   days on market $349,000 Active 5 DOM
4. 2026-06-15
   pricedays on market $349,000 Active 4 DOM
5. 2026-06-13
   remarks 229-char remark
6. 2026-06-13
   listed $429,000 Active 2 DOM

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $2,897 · $241/mo
• Expected delta: +$1,872/yr (+$156/mo · 182.6%)

ⓘ 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 10/10 Extreme 7 d/yr ≥105°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,263
• − Mortgage interest: −$19,549
• − Property taxes: −$1,025
• − Insurance: −$1,745
• − Repairs & maintenance: −$3,621
• − Management: −$3,621
• − Depreciation: −$10,153
• Taxable income: $5,549
• Est. tax owed @ 24.0%: −$1,332
• After-tax cash flow: $9,694/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 — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 19,780
• Household income: $87,341
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 1055.0

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: Majority Hispanic (51%)
• Race & ethnicity: Hispanic / Latino 51% White 44% Two or more races 24% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 5% Cuban 17% Dominican 2%
• Common ancestry: Scotch-Irish 2% Slovak 2% Romanian 2%
• Foreign-born: 37% · Canada, Guatemala, Jamaica
• Languages at home: 50% English-only · Spanish 44% Other Indo-European 2% French/Haitian/Cajun 1%

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: ▼ -662.68%
• Current HPI: 509.781
• Rent YoY: ▲ 3.44%
• 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

+666.1% since first listed

4 events — show timeline

• 2026-06-11 Listed $429,000 Beaches MLS
• 1990-02-01 Sold (Public Records) $55,000 Public Records
• 1982-12-01 Sold (Public Records) $56,000 Public Records
• 1982-12-01 Sold (Public Records) $56,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $1,025 · +4.7% YoY. Source: county tax records.