555 NW 4th Ave #4190 · Boca Raton, FL 33432

$169,000

2 bd · 2.0 ba · 1,056 sqft · Condo public records · 76 Days on market

Built 1969 $780/mo HOA · 26% of rent ↓ 3% since listing

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Why this score? — see what drove the B- 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 +25.1/30.0
• 1% rule +10.0/10.0
• DSCR +8.2/10.0
• 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

PRICED FOR A QUICK SALE !!! This 2BR/2BA condo features a split floor plan for optimal privacy and a private covered carport. Situated on over 5 acres of breathtaking gardens, this quiet community offers a resort-style feel just steps from the Boca Tennis Center. Unbeatable location: walk to Downtown Boca and Mizner Park’s elite shopping and dining, or head to the beach for a day in the sun. Truly the best of East Boca living! Priced at assesed Value for a quick sale, Great Floor Plan . .. needs some TLC, 55 plus commmunity, emotional support pet ok , no required credit score . Great Investment !!!

Key facts

• $780 HOA
• Garage
• Community pool

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association fee includes management, cable TV, internet, laundry, legal/accounting, grounds maintenance, pool(s), reserve fund, roof, sewer, trash, water; Association amenities include bike storage, clubhouse, community kitchen, elevators, laundry, barbecue, picnic area, pool, trash service, vehicle wash area; 125 units in community; Senior community

Exterior

• Parking: Covered parking; Detached carport; 1-car garage; 1-car carport; One parking space
• Security: Closed-circuit cameras
• Utilities: Cable available
• Home design: Attached property; 5-story building; Entry on level 4
• Construction: Block construction
• Exterior features: Balcony; Open balcony/patio; Storm/security shutters; Heated pool

Interior

• Kitchen: Dishwasher; Electric range; Garbage disposal; Microwave; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fan(s)
• Interior features: Furnished; Elevator; Bedroom on main level
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $169k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $169k).
• Recommended offer: $159k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 2.8% 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: schools A+, employment A+, health & safety A+; 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.
• Market conditions: Rents rising fast (+4.6%/yr); 472 active listings in the ZIP; 40 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).
• This rent runs 34% of the median local income ($107k/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 + 4.6% rent growth), your $47k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: HOA is 26% 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 $158,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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: 1.78% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.53%
• DSCR: 1.42
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.56% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,885
• Equity at exit: $25,198

10-year hold

• IRR: 13.1%
• Equity multiple: 2.16×
• Total profit: $54,967
• Equity at exit: $14,612

Cash invested: $47,320 (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 33432

• Rents YoY: 4.6%
• Active inventory: 472
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $3,000 high
• Mortgage (P&I): −$886
• Tax from tax record: −$258 /mo · $3,091/yr
• Insurance: −$70
• HOA: −$780
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $376

Break-even live

Break-even rent $2,524

Max offer price $169,000

Occupancy floor 82%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
249 NW 4th Diagonal Boca Raton, FL	3.0	2.0	1490	$3,500	$2.35	24d	1	0.25mi
373 NW 4th Diagonal Boca Raton, FL	2.0	2.0	1000	$2,220	$2.22	24d	1	0.25mi
491 NW 2nd Ave Boca Raton, FL	2.0	1.0	1182	$3,200	$2.71	24d	1	0.31mi
491 NW 2nd Ave Boca Raton, FL	2.0	1.0	1182	$3,200	$2.71	19d	1	0.31mi
320 W Palmetto Park Rd Boca Raton, FL	3.0	1.0–3.0	1213	$3,372	$2.78	2d	27	0.34mi
461 SW 1st St Boca Raton, FL	3.0	2.0	1410	$4,600	$3.26	16d	1	0.36mi
461 SW 1st St Boca Raton, FL	3.0	2.0	1489	$4,600	$3.09	24d	1	0.36mi
50 SW 3rd Ave #2010 Boca Raton, FL	2.0	2.0	918	$1,950	$2.12	22d	1	0.40mi
50 SW 3rd Ave #311 Boca Raton, FL	2.0	2.0	918	$2,500	$2.72	11d	1	0.40mi
50 SW 3rd Ave #1060 Boca Raton, FL	2.0	2.0	918	$2,250	$2.45	24d	1	0.40mi
50 SW 3rd Ave #1060 Boca Raton, FL	2.0	2.0	918	$2,250	$2.45	22d	1	0.40mi
50 SW 3rd Ave #311 Boca Raton, FL	2.0	2.0	918	$2,500	$2.72	24d	1	0.40mi
642 NW 13th St #310 Boca Raton, FL	3.0	2.0	1286	$2,575	$2.00	24d	1	0.43mi
464 NW 11th St Boca Raton, FL	3.0	2.0	1205	$5,500	$4.56	5d	1	0.44mi
464 NW 11th St Boca Raton, FL	3.0	2.0	1205	$5,250	$4.36	22d	1	0.44mi
464 NW 11th St Boca Raton, FL	3.0	2.0	1205	$5,500	$4.56	15d	1	0.44mi
644 NW 13th St #35 Boca Raton, FL	1.0	1.0	700	$1,650	$2.36	10d	1	0.44mi
644 NW 13th St #160 Boca Raton, FL	2.0	2.0	847	$2,300	$2.72	22d	1	0.44mi
644 NW 13th St Unit 28 Boca Raton, FL	2.0	2.0	850	$2,000	$2.35	5d	1	0.44mi
644 NW 13th St #160 Boca Raton, FL	2.0	2.0	847	$2,300	$2.72	14d	1	0.44mi
272 SW 1st St Unit B Boca Raton, FL	2.0	1.0	900	$2,300	$2.56	24d	1	0.45mi
115 NW 7th St Boca Raton, FL	3.0	2.0	1008	$4,250	$4.22	4d	1	0.46mi
626 NW 13th St #310 Boca Raton, FL	3.0	2.0	1301	$2,895	$2.23	24d	1	0.47mi
626 NW 13th St #280 Boca Raton, FL	2.0	2.0	847	$2,200	$2.60	4d	1	0.47mi
230 SW 1st St Boca Raton, FL	2.0	2.0	1000	$2,850	$2.85	15d	1	0.48mi
626 NW 13th St #16 Boca Raton, FL	2.0	2.0	847	$1,950	$2.30	5d	1	0.49mi
602 NW 13th St Unit Oaks 626-31 Boca Raton, FL	3.0	2.0	1286	$2,895	$2.25	5d	1	0.49mi
606 NW 13th St #23 Boca Raton, FL	3.0	2.0	1286	$2,500	$1.94	24d	1	0.52mi
620 NW 13th St #15 Boca Raton, FL	1.0	1.0	700	$1,850	$2.64	8d	1	0.53mi
614 NW 13th St #280 Boca Raton, FL	2.0	2.0	847	$1,900	$2.24	24d	1	0.54mi
610 NW 13th St #0023 Boca Raton, FL	3.0	2.0	1286	$2,750	$2.14	24d	1	0.56mi
610 NW 13th St #210 Boca Raton, FL	2.0	2.0	847	$2,350	$2.77	8d	1	0.56mi
616 NW 13th St #250 Boca Raton, FL	1.0	1.0	700	$1,700	$2.43	24d	1	0.57mi
616 NW 13th St #24 Boca Raton, FL	1.0	1.0	700	$1,750	$2.50	24d	1	0.57mi
131 S Federal Hwy Boca Raton, FL	1.0–2.0	1.0–2.0	778	$3,149	$4.05	2d	12	0.62mi
683 NW 13th St Apt 27 Boca Raton, FL	2.0	2.0	995	$2,140	$2.15	24d	1	0.63mi
1314 NW 2nd Cir Boca Raton, FL	3.0	2.0	1382	$3,500	$2.53	17d	1	0.66mi
401 NE Mizner Blvd Boca Raton, FL	1.0–3.0	1.0–2.5	1109	$3,414	$3.08	2d	25	0.67mi
155 E Boca Raton Rd Boca Raton, FL	1.0–3.0	1.0–2.5	1411	$10,250	$7.26	14d	9	0.67mi
155 E Boca Raton Rd Boca Raton, FL	1.0–3.0	1.0–2.5	1411	$9,745	$6.90	2d	8	0.67mi

HOA detail condo

• Monthly dues: $780 · $9,360/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $169,000 Active 76 DOM
2. 2026-06-17
   days on market $169,000 Active 75 DOM
3. 2026-06-16
   days on market $169,000 Active 74 DOM
4. 2026-06-15
   days on market $169,000 Active 73 DOM
5. 2026-06-13
   days on market $169,000 Active 71 DOM
6. 2026-06-09
   days on market $169,000 Active 67 DOM
7. 2026-06-08
   days on market $169,000 Active 66 DOM
8. 2026-06-07
   days on market $169,000 Active 65 DOM
9. 2026-06-04
   days on market $169,000 Active 62 DOM
10. 2026-06-03
    days on market $169,000 Active 61 DOM
11. 2026-06-02
    days on market $169,000 Active 60 DOM
12. 2026-06-01
    days on market $169,000 Active 59 DOM
13. 2026-05-31
    days on market $169,000 Active 58 DOM
14. 2026-04-02
    listed $169,000 Active
15. 2026-03-25
    historical
16. 2025-04-07
    listed $175,000 Active

ⓘ 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: $3,091 · $258/mo
• Projected year-2 tax: $3,091 · $258/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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,002
• − Mortgage interest: −$9,467
• − Property taxes: −$3,091
• − Insurance: −$845
• − Repairs & maintenance: −$2,880
• − Management: −$2,880
• − HOA: −$9,360
• − Depreciation: −$4,916
• Taxable income: $2,562
• Est. tax owed @ 24.0%: −$615
• After-tax cash flow: $3,895/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 — 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): 21,834
• Household income: $107,045
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1461.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 18% Two or more races 13% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Cuban 3%
• Common ancestry: Scotch-Irish 4% Subsaharan African 4% Romanian 4%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 77% English-only · Spanish 13% Other Indo-European 3% French/Haitian/Cajun 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: ▼ -565.03%
• Current HPI: 391.7799
• Rent YoY: ▲ 4.56%
• 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

-3.4% since first listed

3 events — show timeline

• 2026-04-02 Listed $169,000 MARMLS
• 2026-03-25 Listing Removed — Beaches MLS
• 2025-04-07 Listed $175,000 Beaches MLS

Property tax history

+2.9%/yr

Latest (2025): $3,091 · +2.9% YoY. Source: county tax records.