323 Seville N · Delray Beach, FL 33446

$60,000

1 bd · 1.5 ba · 828 sqft · Condo public records · 153 Days on market

Built 1973 $710/mo HOA · 37% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

LET'S SELL ! Just REDUCED this Bright and Open CORNER VILLA has Beautiful Open Kitchen with Granite Counter Tops. Neutral ALL Tiled Flooring and Impeccably Maintained. This MOVE IN Ready Villa Is Priced to Sell Quickly!

Key facts

• $710 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Senior community; Pets not allowed; Large community (number of units listed for community)
• Financial info: Association fee paid monthly (amount listed in records)
• HOA & community: Community association with monthly fee; HOA amenities include: clubhouse, pool, fitness center, tennis and shuffleboard courts, golf course and putting green, billiard and game rooms, business center, library, community room, picnic area, manager on site, elevators, parking, sidewalks, street lights

Exterior

• Parking: Assigned parking; Guest parking; One open parking space
• Security: Gated community with guard; Security patrol; Smoke detectors
• Utilities: Public water; Three-phase electric service; Cable available
• Home design: Condominium villa; Single-story; Faces south; Resale property
• Construction: Concrete construction
• Exterior features: Screened patio; Patio; Sidewalks; Paved road frontage; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Closet cabinetry; Blinds; Furnished
• Laundry & utility: Washer/dryer in an inside laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $60k.

Deal economics

• At list price, monthly cash flow is $415 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 4.3% in Delray 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 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime 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.
• Zoned schools: Orchard View Elementary School (math 48% / reading 47%, grade D, #1,182 of 2,144 statewide, top 55%, 596 students, 76% FRL); Spanish River Community High School (math 64% / reading 74%, grade B, #63 of 667 statewide, top 10%, 2,578 students, 25% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: Rents flat; 577 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• In year one you build about $827 of equity ($415 loan paydown + $412 appreciation (0.7% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.7% appreciation + 0.5% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 25y ago; this cycle's ask has dropped $30k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 37% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — 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 B-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. 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?
9. 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.
10. 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.
11. 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: 3.21% ✓
• Cap rate: 14.59%
• Cash-on-cash: 29.64%
• DSCR: 2.32
• GRM: 2.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.69% appreciation · 0.51% rent growth · sell at horizon

5-year hold

• IRR: 27.6%
• Equity multiple: 2.33×
• Total profit: $22,382
• Equity at exit: $19,511

10-year hold

• IRR: 27.9%
• Equity multiple: 3.81×
• Total profit: $47,130
• Equity at exit: $25,193

Cash invested: $16,800 (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 33446

• Home prices YoY: 0.3%
• Rents YoY: 0.5%
• Active inventory: 577
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,928 high
• Mortgage (P&I): −$315
• Tax from tax record: −$59 /mo · $704/yr
• Insurance: −$25
• HOA: −$710
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $415

Break-even live

Break-even rent $1,403

Max offer price $60,000

Occupancy floor 73%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
189 Seville Ter Unit 189 Delray Beach, FL	2.0	2.0	880	$1,900	$2.16	24d	1	0.01mi
28 Seville B Delray Beach, FL	2.0	2.0	883	$1,950	$2.21	10d	1	0.04mi
3 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.23mi
14735 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,350	$2.19	1d	1	0.24mi
43 Waterford B Delray Beach, FL	1.0	1.5	720	$1,400	$1.94	24d	1	0.24mi
10 Willowbrook Ln #105 Delray Beach, FL	2.0	2.0	1005	$2,100	$2.09	10d	1	0.25mi
92 Seville Blvd Delray Beach, FL	2.0	2.0	880	$1,895	$2.15	24d	1	0.25mi
213 Waterford I Delray Beach, FL	2.0	2.0	880	$1,600	$1.82	24d	1	0.27mi
14832 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,500	$2.33	17d	1	0.27mi
126 Seville E Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	18d	1	0.32mi
19 Abbey Ln #206 Delray Beach, FL	2.0	2.0	925	$1,750	$1.89	24d	1	0.32mi
102 Waterford D Unit 102 Delray Beach, FL	1.0	1.5	720	$1,900	$2.64	24d	1	0.33mi
154 Seville G Delray Beach, FL	1.0	1.0	720	$1,490	$2.07	14d	1	0.33mi
148 Waterford D Unit 148 Delray Beach, FL	2.0	2.0	883	$1,900	$2.15	17d	1	0.34mi
14 Willowbrook Ln #101 Delray Beach, FL	2.0	2.0	1005	$1,700	$1.69	5d	1	0.34mi
32 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.34mi
20 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,600	$2.81	24d	1	0.35mi
31 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$1,300	$1.41	24d	1	0.36mi
163 Tuscany C Unit C Delray Beach, FL	1.0	1.5	720	$1,300	$1.81	14d	1	0.36mi
21 Abbey Ln #107 Delray Beach, FL	2.0	2.0	925	$1,800	$1.95	14d	1	0.37mi
242 Seville K Unit 242 Delray Beach, FL	1.0	1.5	720	$1,380	$1.92	24d	1	0.38mi
23 Abbey Ln #208 Delray Beach, FL	2.0	2.0	925	$1,500	$1.62	2d	1	0.39mi
15155 Michelangelo Blvd Delray Beach, FL	2.0	2.0	1079	$2,288	$2.12	7d	2	0.40mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	24d	1	0.41mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	20d	1	0.41mi
14671 Bonaire Blvd #505 Delray Beach, FL	1.0	2.0	925	$1,600	$1.73	24d	1	0.43mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL	1.0	2.0	912	$1,850	$2.03	24d	1	0.44mi
14896 Bal Moral Ln Delray Beach, FL	2.0	2.0	1040	$2,200	$2.12	24d	1	0.45mi
14747 Cumberland Dr #301 Delray Beach, FL	2.0	2.0	1044	$1,900	$1.82	24d	1	0.47mi
318 Seville N #318 Delray Beach, FL	1.0	1.5	720	$1,495	$2.08	24d	1	0.47mi
15035 Michelangelo Blvd #103 Delray Beach, FL	2.0	2.0	1079	$2,000	$1.85	24d	1	0.48mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	2d	1	0.48mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	21d	1	0.48mi
322 Seville N Delray Beach, FL	1.0	1.5	720	$1,495	$2.08	24d	1	0.48mi
15055 Michelangelo Blvd Delray Beach, FL	2.0–3.0	2.0	1158	$2,125	$1.83	21d	2	0.51mi
14898 Wedgefield Dr #202 Delray Beach, FL	2.0	2.0	1103	$2,000	$1.81	17d	1	0.53mi
14895 Builtmore Way Delray Beach, FL	2.0	2.0	1103	$1,800	$1.63	24d	1	0.53mi
175 Valencia H Delray Beach, FL	1.0	1.5	726	$1,500	$2.07	7d	1	0.57mi
185 Valencia H Delray Beach, FL	2.0	2.0	883	$1,700	$1.93	24d	1	0.57mi
419 Brittany I Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	24d	1	0.61mi

HOA detail condo

• Monthly dues: $710 · $8,520/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-05-12
   status Pending
2. 2026-04-23
   price $60,000
3. 2026-02-06
   price $70,000
4. 2025-12-10
   listed $90,000 Active
5. 2025-12-06
   historical $90,000
6. 2020-02-14
   soldstatus $61,500
7. 2020-02-13
   soldstatus $61,500 Closed 219-char remark

   Show marketing remark (219 chars)

   LET'S SELL ! Just REDUCED this Bright and Open CORNER VILLA has Beautiful Open Kitchen with Granite Counter Tops. Neutral ALL Tiled Flooring and Impeccably Maintained. This MOVE IN Ready Villa Is Priced to Sell Quickly!

8. 2020-01-23
   historical Active Under Contract 219-char remark

   Show marketing remark (219 chars)

   LET'S SELL ! Just REDUCED this Bright and Open CORNER VILLA has Beautiful Open Kitchen with Granite Counter Tops. Neutral ALL Tiled Flooring and Impeccably Maintained. This MOVE IN Ready Villa Is Priced to Sell Quickly!

9. 2020-01-07
   price $64,900 219-char remark

   Show marketing remark (219 chars)

   LET'S SELL ! Just REDUCED this Bright and Open CORNER VILLA has Beautiful Open Kitchen with Granite Counter Tops. Neutral ALL Tiled Flooring and Impeccably Maintained. This MOVE IN Ready Villa Is Priced to Sell Quickly!

10. 2019-12-12
    listed $67,900 Active 219-char remark

    Show marketing remark (219 chars)

    LET'S SELL ! Just REDUCED this Bright and Open CORNER VILLA has Beautiful Open Kitchen with Granite Counter Tops. Neutral ALL Tiled Flooring and Impeccably Maintained. This MOVE IN Ready Villa Is Priced to Sell Quickly!

11. 2018-10-23
    soldstatus $62,000
12. 2018-10-19
    soldstatus $62,000 Closed 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

13. 2018-09-15
    status Pending 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

14. 2018-08-18
    status Active 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

15. 2018-08-14
    historical Contingent 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

16. 2018-08-10
    price $64,999 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

17. 2018-06-25
    listed $68,350 Active 428-char remark

    Show marketing remark (428 chars)

    Sought after Kings point villa. Very clean and bright with many upgrades Kitchen has wall removed and granite counter tops. New electrical box Appliances have transferable warranty. This unit is one story and close to bus service. Awesome amenities include 8 pools 2 restaurants many activities learn ceramics or ball room dancing or just come to play golf or shuffleboard. Live the luxury on a budget. Hurry this one won't last

18. 2017-05-23
    soldstatus $52,500
19. 2013-08-05
    soldstatus $27,500
20. 2002-04-03
    soldstatus $18,000
21. 2002-04-02
    soldstatus $18,000
22. 2002-03-09
    historical
23. 2001-10-17
    listed $19,900
24. 1993-10-27
    soldstatus $24,000
25. 1989-08-22
    soldstatus $26,000

ⓘ 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: $704 · $59/mo
• Projected year-2 tax: $704 · $59/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 ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,139
• − Mortgage interest: −$3,361
• − Property taxes: −$704
• − Insurance: −$300
• − Repairs & maintenance: −$1,851
• − Management: −$1,851
• − HOA: −$8,520
• − Depreciation: −$1,745
• Taxable income: $4,806
• Est. tax owed @ 24.0%: −$1,154
• After-tax cash flow: $3,827/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 — Delray Beach

• Score: 77/100
• State rank: #202
• US rank: #3160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 123,167
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 28,431
• Household income: $80,187
• Rent vs Own: 11.4% rent · 88.6% own
• Severe rent burden: 494.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Puerto Rican 3% Dominican 1%
• Common ancestry: Romanian 9% Scotch-Irish 9% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, Guatemala
• Languages at home: 80% English-only · Spanish 12% Other Indo-European 2% 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: ▲ 0.69%
• Current HPI: 242.5138
• Rent YoY: ▲ 0.51%
• 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

+130.8% since first listed

25 events — show timeline

• 2026-05-12 Pending — Beaches MLS
• 2026-04-23 Price Changed $60,000 Beaches MLS
• 2026-02-06 Price Changed $70,000 Beaches MLS
• 2025-12-10 Listed $90,000 Beaches MLS
• 2025-12-06 Coming Soon $90,000 Beaches MLS
• 2020-02-14 Sold (Public Records) $61,500 Public Records
• 2020-02-13 Sold (MLS) $61,500 Beaches MLS
• 2020-01-23 Contingent — Beaches MLS
• 2020-01-07 Price Changed $64,900 Beaches MLS
• 2019-12-12 Listed $67,900 Beaches MLS
• 2018-10-23 Sold (Public Records) $62,000 Public Records
• 2018-10-19 Sold (MLS) $62,000 Beaches MLS
• 2018-09-15 Pending — Beaches MLS
• 2018-08-18 Relisted — Beaches MLS
• 2018-08-14 Contingent — Beaches MLS
• 2018-08-10 Price Changed $64,999 Beaches MLS
• 2018-06-25 Listed $68,350 Beaches MLS
• 2017-05-23 Sold (Public Records) $52,500 Public Records
• 2013-08-05 Sold (Public Records) $27,500 Public Records
• 2002-04-03 Sold (Public Records) $18,000 Public Records
• 2002-04-02 Sold (MLS) $18,000 Beaches MLS
• 2002-03-09 Listing Removed — Beaches MLS
• 2001-10-17 Listed $19,900 Beaches MLS
• 1993-10-27 Sold (Public Records) $24,000 Public Records
• 1989-08-22 Sold (Public Records) $26,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $704 · +3.1% YoY. Source: county tax records.