2bd/2ba Plan · Lantana, FL 33462

$259,900

2 bd · 2.0 ba · 1,512 sqft · Manufactured · 97 Days on market

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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 +24.4/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Brand new, spacious 2 bedroom, 2 bathroom home offers large rooms, open floorplan and beautiful kitchen cabinetry.

Key facts

• Listed 96 days

Property features AI

Finance

• Other: Living area approximately 1512
• Financial info: List price $259,900

Exterior

• Home design: Single-story plan (2bd/2ba model)
• Exterior features: Shake roof

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Plan model home

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $260k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).
• Recommended offer: $237k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#276 in FL, #4,432 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: schools C-, employment D+, amenities 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 (+4.1%/yr); 383 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); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $2,940/mo this rent would consume 48% of the median local household income ($74k/yr) (locally 1852% 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 $8k 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 97 days — a 9% lower offer ($237k) is reasonable based on typical stale-listing flexibility.

Recommended offer $236,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 8.72%
• Cash-on-cash: 8.68%
• DSCR: 1.39
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.09% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-5,289
• Equity at exit: $38,752

10-year hold

• IRR: 8.9%
• Equity multiple: 1.72×
• Total profit: $52,414
• Equity at exit: $22,471

Cash invested: $72,772 (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 33462

• Rents YoY: 4.1%
• Active inventory: 383
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,940 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,898/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $526

Break-even live

Break-even rent $2,274

Max offer price $259,900

Occupancy floor 77%

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 Water Tower Way Hypoluxo, FL	1.0–3.0	1.0–2.0	981	$2,336	$2.38	24d	25	0.46mi
1001 Water Tower Way Hypoluxo, FL	1.0–3.0	1.0–2.0	981	$2,380	$2.43	2d	25	0.46mi
900 Water Tower Way Lantana, FL	1.0–2.0	1.0–2.0	1176	$3,571	$3.04	3d	20	0.50mi
1512 Barton Rd Unit A Lake Worth Beach, FL	2.0	1.0	1710	$1,800	$1.05	3d	1	0.68mi
1505 High Ridge Rd Lake Worth, FL	3.0	2.0	1867	$3,850	$2.06	19d	1	0.71mi
917 W Drew St Lantana, FL	3.0	2.0	1427	$3,800	$2.66	24d	1	0.76mi
1036 S 14th St Lantana, FL	3.0	2.0	1362	$3,500	$2.57	24d	1	0.78mi
611 N Broadway Unit A Lantana, FL	1.0	1.0	1184	$1,550	$1.31	15d	1	0.78mi
1420 High Ridge Rd Lake Worth Beach, FL	3.0	2.0	1922	$4,200	$2.19	4d	1	0.80mi
609 S Arnold Ave Lantana, FL	2.0	2.0	1076	$2,900	$2.70	16d	1	0.81mi
511 W Palm St Lantana, FL	3.0	2.0	1750	$3,200	$1.83	7d	1	0.83mi
511 W Palm St Lantana, FL	3.0	2.0	1725	$2,950	$1.71	24d	1	0.83mi
1032 W Jennings St Lantana, FL	3.0	2.0	2005	$3,900	$1.95	24d	1	0.85mi
887 Duval St Lantana, FL	3.0	1.0	1261	$3,100	$2.46	7d	1	0.85mi
887 Duval St Lantana, FL	3.0	1.0	1261	$3,100	$2.46	17d	1	0.85mi
887 W Perry St Lantana, FL	3.0	1.0	1055	$3,000	$2.84	24d	1	0.88mi
195 S 4th St Lantana, FL	2.0	2.0	1164	$2,400	$2.06	18d	1	0.92mi
5981 Via Vermilya #203 Lake Worth, FL	2.0	2.0	1130	$1,975	$1.75	24d	1	0.95mi
647 Latona Ave Lake Worth Beach, FL	3.0	2.0	1609	$2,800	$1.74	24d	1	0.98mi
611 E Coast Ave Unit 2 Lantana, FL	2.0	2.0	1125	$2,050	$1.82	5d	1	1.02mi
611 E Coast Ave Unit B Lantana, FL	2.0	2.0	1125	$2,100	$1.87	20d	1	1.02mi
2780 Norfolk Pine Ct Lake Worth, FL	2.0	2.0	1175	$2,400	$2.04	24d	1	1.08mi
802 W Windward Way #303 Lantana, FL	3.0	2.0	1515	$5,000	$3.30	24d	1	1.11mi
802 W Windward Way #216 Lantana, FL	2.0	2.0	1350	$3,000	$2.22	24d	1	1.11mi
802 W Windward Way #311 Lantana, FL	2.0	2.0	1265	$2,600	$2.06	24d	1	1.11mi
802 W Windward Way Unit 1545847P Lantana, FL	2.0	2.0	1259	$3,122	$2.48	16d	1	1.11mi
802 W Windward Way #217 Lantana, FL	3.0	2.0	1515	$4,500	$2.97	15d	1	1.11mi
6175 Reflections Blvd Lake Worth, FL	1.0–2.0	1.0–2.0	814	$2,307	$2.83	1d	15	1.11mi
137 S Oak St Lantana, FL	3.0	3.0	1970	$12,000	$6.09	24d	1	1.13mi
720 N Dixie Hwy #601 Lantana, FL	2.0	2.5	1160	$2,300	$1.98	20d	1	1.13mi
720 N Dixie Hwy #202 Lantana, FL	2.0	2.5	1125	$2,000	$1.78	4d	1	1.13mi
1029 S C St Lake Worth Beach, FL	3.0	3.0	1502	$3,000	$2.00	24d	1	1.13mi
356 Moorings Dr #356 Lantana, FL	3.0	2.5	1613	$3,100	$1.92	24d	1	1.17mi
316 N Lake Dr Lantana, FL	2.0	2.5	1708	$5,000	$2.93	24d	1	1.17mi
328 N Lake Dr Lantana, FL	3.0	3.0	1788	$3,900	$2.18	24d	1	1.17mi
804 E Windward Way Ph -15 Lantana, FL	2.0	2.0	1265	$3,000	$2.37	24d	1	1.17mi
804 E Windward Way Ph -15 Lantana, FL	2.0	2.0	1265	$2,390	$1.89	12d	1	1.17mi
804 E Windward Way #618 Lantana, FL	2.0	2.0	1265	$3,700	$2.92	15d	1	1.18mi
804 E Windward Way #316 Lantana, FL	2.0	2.0	1265	$3,000	$2.37	20d	1	1.18mi
804 E Windward Way #211 Lantana, FL	2.0	2.0	1265	$2,600	$2.06	15d	1	1.18mi

Listing history 11 events

1. 2026-06-18
   days on market $259,900 Active 97 DOM
2. 2026-06-17
   days on market $259,900 Active 96 DOM
3. 2026-06-16
   days on market $259,900 Active 95 DOM
4. 2026-06-15
   days on market $259,900 Active 94 DOM
5. 2026-06-13
   days on market $259,900 Active 92 DOM
6. 2026-06-09
   days on market $259,900 Active 88 DOM
7. 2026-06-07
   days on market $259,900 Active 86 DOM
8. 2026-06-04
   days on market $259,900 Active 83 DOM
9. 2026-06-03
   days on market $259,900 Active 82 DOM
10. 2026-06-01
    days on market $259,900 Active 80 DOM
11. 2026-05-31
    days on market $259,900 Active 79 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $35,278
• − Mortgage interest: −$14,558
• − Property taxes: −$3,898
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,822
• − Management: −$2,822
• − Depreciation: −$7,561
• Taxable income: $2,316
• Est. tax owed @ 24.0%: −$556
• After-tax cash flow: $5,760/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 — Lantana

• Score: 74/100
• State rank: #276
• US rank: #4432

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lantana, FL
• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,371
• Household income: $73,997
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1852.0

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 0.68)
• Race & ethnicity: White 44% Black 26% Hispanic / Latino 26% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Cuban 3%
• Common ancestry: Hispanic 14% Romanian 2% Scotch-Irish 2%
• Foreign-born: 31% · Canada, Jamaica, Dominican Republic
• Languages at home: 60% English-only · Spanish 20% French/Haitian/Cajun 16% Other Indo-European 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: ▼ -295.48%
• Current HPI: 361.5391
• Rent YoY: ▲ 4.09%
• 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