33 Southport Ln Unit D · Boynton Beach, FL 33436

$49,900

2 bd · 2.0 ba · 1,383 sqft · Condo public records · 178 Days on market

Built 1980 $1591/mo HOA · 56% of rent ↓ 29% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Prepare to be energized and inspired by this truly unique and expressive condo, where vibrant artistic design meets functionality in a fantastic community. The exterior boasts a classic Florida aesthetic roof and a covered entry. Inside, the home is a celebration of color, defined by vivid bright walls and clean white tile flooring throughout the main level, creating an unforgettable atmosphere. The kitchen is a bright and efficient galley style, featuring pristine white shaker-style cabinets, a white subway tile backsplash, and contrasting dark blue countertops. It is fully equipped with appliances and includes a delightful breakfast nook illuminated by a pendant light. The home also featu

Key facts

• Breakfast nook
• Covered entry
• $1,591 HOA

Tags

• COVERED ENTRY
• BRIGHT GALLEY KITCHEN
• WHITE SHAKER-STYLE CABINETS
• WHITE SUBWAY TILE BACKSPLASH
• DARK BLUE COUNTERTOPS
• BREAKFAST NOOK

Property features AI

Finance

• Other: Association fee covers cable TV, insurance, grounds maintenance, security, and common area maintenance
• Financial info: Pets allowed (breed restrictions and possible pet restrictions)
• HOA & community: Community amenities include clubhouse, fitness center, golf course, jogging path, pool, tennis courts, and pickleball courts; Monthly HOA fee

Exterior

• Parking: Open parking
• Security: Gated community with guard
• Utilities: Public water; Public sewer; Three-phase electric service; Cable available
• Home design: Condominium; Multi/split levels; 2 total stories; East-facing
• Construction: Block construction; Composition/shingle roof
• Exterior features: Sidewalks; Paved roads; Waterfront location

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal; Trash compactor; Electric water heater
• Bedrooms: Bedrooms located on upper level (stacked layout)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating (central, individual); Central individual cooling with ceiling fans
• Interior features: Walk-in closets; Stacked bedroom layout; Partially furnished; Blinds and drapes on windows
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $50k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 4.3% in Boynton 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 72/100 on livability (#351 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, cost of living B; Watch: amenities D+, crime D-, commute 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: Crosspointe Elementary School (math 36% / reading 45%, grade F, #1,471 of 2,144 statewide, top 69%, 652 students, 75% FRL); Atlantic High School (math 28% / reading 52%, grade F, #296 of 667 statewide, top 45%, 1,889 students, 59% FRL) — zoned schools average 67% FRL vs 52% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.6%/yr); 445 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 45% of the median local income ($76k/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 $345 of loan paydown is wiped out by about $1k 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 178 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 7y 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 $1; list at $50k implies a 4989900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 56% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
7. 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?
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: 5.65% ✓
• Cap rate: 13.13%
• Cash-on-cash: 24.43%
• DSCR: 2.09
• GRM: 1.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 5.9%
• Equity multiple: 1.20×
• Total profit: $2,798
• Equity at exit: $7,440

10-year hold

• IRR: -6.0%
• Equity multiple: 0.86×
• Total profit: $-1,986
• Equity at exit: $4,314

Cash invested: $13,972 (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 33436

• Home prices YoY: -26.0%
• Rents YoY: -0.6%
• Active inventory: 445
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $2,817 high
• Mortgage (P&I): −$262
• Tax from tax record: −$68 /mo · $812/yr
• Insurance: −$21
• HOA: −$1,591
• Vacancy / Maint / Mgmt: −$592
• Net cashflow: $284

Break-even live

Break-even rent $2,457

Max offer price $49,900

Occupancy floor 85%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
61 Eastgate Dr Unit A Boynton Beach, FL	2.0	2.0	1572	$7,000	$4.45	24d	1	0.23mi
1770 NW 22nd Ave Delray Beach, FL	3.0	2.0	1850	$7,000	$3.78	17d	1	0.32mi
1630 NW 22nd Ave Delray Beach, FL	3.0	2.0	1560	$4,200	$2.69	24d	1	0.41mi
2583 NW 13th St Delray Beach, FL	2.0	2.0	1466	$2,600	$1.77	17d	1	0.50mi
2915 NW 12th St Unit D Delray Beach, FL	2.0	2.0	1499	$3,200	$2.13	7d	1	0.55mi
1440 NW 20th Ave #104 Delray Beach, FL	2.0	2.0	1335	$2,650	$1.99	14d	1	0.61mi
1640 NW 19th Ter #103 Delray Beach, FL	2.0	2.0	1148	$1,950	$1.70	7d	1	0.62mi
1640 NW 19th Ter #103 Delray Beach, FL	2.0	2.0	1148	$1,950	$1.70	22d	1	0.62mi
1551 NW 20th Ave #102 Delray Beach, FL	2.0	2.0	1148	$1,995	$1.74	24d	1	0.64mi
1641 NW 19th Ter Unit 46A Delray Beach, FL	2.0	2.0	1104	$2,000	$1.81	18d	1	0.64mi
1860 NW 13th St #201 Delray Beach, FL	2.0	2.0	1335	$2,800	$2.10	24d	1	0.69mi
1520 NW 19th Ter #203 Delray Beach, FL	2.0	2.0	1335	$2,200	$1.65	24d	1	0.69mi
1441 NW 19th Ter #201 Delray Beach, FL	2.0	2.0	1148	$2,250	$1.96	24d	1	0.70mi
1560 NW 18th Ave #104 Delray Beach, FL	2.0	2.0	1148	$2,100	$1.83	22d	1	0.70mi
1560 NW 18th Ave #104 Delray Beach, FL	2.0	2.0	1148	$2,100	$1.83	20d	1	0.70mi
20 Westgate Ln Unit 20G Boynton Beach, FL	2.0	2.0	1712	$7,990	$4.67	11d	1	0.73mi
872 NW 29th Ave Unit A Delray Beach, FL	2.0	2.0	1188	$2,700	$2.27	24d	1	0.74mi
340 Lake Monterey Cir Boynton Beach, FL	2.0	2.5	1188	$2,350	$1.98	24d	1	0.79mi
1631 NW 18th Ave #201 Delray Beach, FL	2.0	2.0	1148	$3,300	$2.87	24d	1	0.79mi
797 NW 32nd Ave Delray Beach, FL	2.0	2.0	1480	$2,800	$1.89	17d	1	0.80mi
797 NW 32nd Ave Delray Beach, FL	2.0	2.0	1480	$2,800	$1.89	24d	1	0.80mi
400 Lake Monterey Cir Boynton Beach, FL	2.0	2.5	1144	$2,400	$2.10	11d	1	0.80mi
161 Monterey Bay Dr Boynton Beach, FL	2.0	2.5	1188	$2,300	$1.94	18d	1	0.81mi
161 Monterey Bay Dr Boynton Beach, FL	2.0	2.5	1188	$2,300	$1.94	3d	1	0.81mi
161 Monterey Bay Dr #161 Boynton Beach, FL	2.0	2.5	1188	$2,250	$1.89	14d	1	0.81mi
161 Monterey Bay Dr #161 Boynton Beach, FL	2.0	2.5	1188	$2,300	$1.94	24d	1	0.81mi
161 Monterey Bay Dr #161 Boynton Beach, FL	2.0	2.5	1188	$2,200	$1.85	3d	1	0.81mi
169 Monterey Bay Dr Boynton Beach, FL	3.0	2.5	1389	$2,800	$2.02	15d	1	0.82mi
169 Monterey Bay Dr Boynton Beach, FL	3.0	2.5	1389	$2,800	$2.02	24d	1	0.82mi
1225 E Magnolia Cir Delray Beach, FL	3.0	2.0	1705	$3,700	$2.17	24d	1	0.84mi
4311 N Magnolia Cir Delray Beach, FL	3.0	2.0	1705	$3,100	$1.82	24d	1	0.84mi
138 Monterey Bay Dr Boynton Beach, FL	3.0	2.5	1551	$2,800	$1.81	1d	1	0.84mi
945 Sunflower Ave Delray Beach, FL	3.0	2.0	1755	$4,500	$2.56	7d	1	0.84mi
1914 Palmland Dr Unit C Boynton Beach, FL	2.0	2.0	1026	$2,300	$2.24	15d	1	0.86mi
2622 NW 7th Ct Delray Beach, FL	2.0	2.5	1384	$2,750	$1.99	24d	1	0.86mi
101 Lake Monterey Cir Boynton Beach, FL	3.0	3.0	1584	$2,999	$1.89	20d	1	0.87mi
1916 Palmland Dr Unit D Boynton Beach, FL	3.0	2.0	1080	$3,200	$2.96	24d	1	0.88mi
2712 Lake Ida Rd Delray Beach, FL	3.0	2.0	1604	$4,000	$2.49	7d	1	0.90mi
4110 NW 10th St Delray Beach, FL	3.0	2.5	1839	$4,500	$2.45	24d	1	0.91mi
4574 Danson Way Delray Beach, FL	3.0	2.5	1654	$3,300	$2.00	24d	1	0.93mi

HOA detail condo

• Monthly dues: $1,591 · $19,092/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 37 events

1. 2026-05-31
   days on market $49,900 Active 178 DOM
2. 2026-03-12
   price $49,900
3. 2025-12-04
   listed $50,000 Active
4. 2024-11-04
   historical $4,000
5. 2024-10-30
   price $4,000
6. 2024-10-20
   price $4,800
7. 2024-10-17
   price $5,000
8. 2024-10-09
   price $6,000
9. 2024-09-07
   price $7,000
10. 2024-07-07
    listed $7,500
11. 2024-06-20
    historical
12. 2024-06-16
    price $1,000
13. 2024-06-02
    price $68,000
14. 2024-05-24
    price $5,000
15. 2024-05-12
    price $25,000
16. 2024-04-29
    price $50,000
17. 2024-04-05
    price $70,000
18. 2024-04-05
    listed $85,000 Active
19. 2024-02-15
    historical $4,000
20. 2024-02-14
    listed $4,000
21. 2024-01-29
    historical $4,000
22. 2023-10-31
    price $4,000
23. 2023-10-15
    price $5,500
24. 2023-08-29
    listed $5,600
25. 2023-08-24
    historical
26. 2023-07-13
    price $150,000
27. 2023-06-26
    price $175,000
28. 2023-06-10
    status Active
29. 2023-03-15
    listed $199,000 Active
30. 2020-11-12
    soldstatus $1 Closed
31. 2020-10-19
    status Pending
32. 2020-07-07
    listed $1 Active
33. 2020-05-26
    historical
34. 2020-03-04
    price $1
35. 2019-08-25
    price $1
36. 2019-05-26
    listed $1,800 Active
37. 1992-08-14
    soldstatus $70,000

ⓘ 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: $812 · $68/mo
• Projected year-2 tax: $812 · $68/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 · 24 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: $33,807
• − Mortgage interest: −$2,795
• − Property taxes: −$812
• − Insurance: −$250
• − Repairs & maintenance: −$2,705
• − Management: −$2,705
• − HOA: −$19,092
• − Depreciation: −$1,452
• Taxable income: $3,997
• Est. tax owed @ 24.0%: −$959
• After-tax cash flow: $2,454/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 — Boynton Beach

• Score: 72/100
• State rank: #351
• US rank: #6098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Boynton Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 148,060
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 48,743
• Household income: $75,789
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 1813.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Black 24% Hispanic / Latino 19% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 12% Romanian 3% Scotch-Irish 2%
• Foreign-born: 27% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 14% French/Haitian/Cajun 13% Other Indo-European 2%

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: ▼ -109.59%
• Current HPI: 311.7742
• Rent YoY: ▼ -0.57%
• 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

-28.7% since first listed

36 events — show timeline

• 2026-03-12 Price Changed $49,900 Beaches MLS
• 2025-12-04 Listed $50,000 Beaches MLS
• 2024-11-04 Rental Removed $4,000 MARMLS
• 2024-10-30 Price Changed $4,000 MARMLS
• 2024-10-20 Price Changed $4,800 MARMLS
• 2024-10-17 Price Changed $5,000 MARMLS
• 2024-10-09 Price Changed $6,000 MARMLS
• 2024-09-07 Price Changed $7,000 MARMLS
• 2024-07-07 Listed for Rent $7,500 MARMLS
• 2024-06-20 Listing Removed — MARMLS
• 2024-06-16 Price Changed $1,000 MARMLS
• 2024-06-02 Price Changed $68,000 MARMLS
• 2024-05-24 Price Changed $5,000 MARMLS
• 2024-05-12 Price Changed $25,000 MARMLS
• 2024-04-29 Price Changed $50,000 MARMLS
• 2024-04-05 Price Changed $70,000 MARMLS
• 2024-04-05 Listed $85,000 MARMLS
• 2024-02-15 Rental Removed $4,000 MARMLS
• 2024-02-14 Listed for Rent $4,000 MARMLS
• 2024-01-29 Rental Removed $4,000 MARMLS
• 2023-10-31 Price Changed $4,000 MARMLS
• 2023-10-15 Price Changed $5,500 MARMLS
• 2023-08-29 Listed for Rent $5,600 MARMLS
• 2023-08-24 Listing Removed — MARMLS
• 2023-07-13 Price Changed $150,000 MARMLS
• 2023-06-26 Price Changed $175,000 MARMLS
• 2023-06-10 Relisted — MARMLS
• 2023-03-15 Listed $199,000 MARMLS
• 2020-11-12 Sold (MLS) $1 Beaches MLS
• 2020-10-19 Pending — Beaches MLS
• 2020-07-07 Listed $1 Beaches MLS
• 2020-05-26 Listing Removed — Beaches MLS
• 2020-03-04 Price Changed $1 Beaches MLS
• 2019-08-25 Price Changed $1 Beaches MLS
• 2019-05-26 Listed $1,800 Beaches MLS
• 1992-08-14 Sold (Public Records) $70,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $812 · -16.5% YoY. Source: county tax records.