1136 W 7th St · Riviera Beach, FL 33404

$349,000

2 bd · 1.0 ba · 1,145 sqft · SingleFamily public records · 314 Days on market

Built 1955 10,450 sqft lot

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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 +13.9/30.0
• ARV discount +7.5/15.0
• 1% rule +4.8/10.0
• Schools +4.3/10.0
• DSCR +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Mid century concrete block ranch style home on a 10,450 square foot lot. Three bedrooms one bathroom with covered carport, fenced yard, open kitchen, tile floors, spacious bedrooms, large backyard, no homeowners association, no monthly HOA dues. This is a great house!

Key facts

• Modernized bathroom
• Updated kitchen
• Fenced lot

Tags

• NEW ROOF
• UPDATED KITCHEN
• MODERNIZED BATHROOM
• FENCED LOT

Property features AI

Finance

• Financial info: Pets allowed without restrictions
• HOA & community: No association amenities

Exterior

• Parking: Attached carport (covered, 1 space)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Single-family residence; One story; Entry level living area; Faces south; Resale property
• Construction: Built-up roof; Block/Concrete/CBS construction; Building area approximately 1,145 living area
• Exterior features: Open patio; Open porch; Patio and porch; Fenced; Room for pool; Fruit trees

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms on main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Open patio and open porch; Fenced yard; Entry level living area
• Laundry & utility: Inside laundry with washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $349k.

Deal economics

• At list price, monthly cash flow is $40 ($484/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $342k (2.1% below list).
• Recommended offer: $307k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#581 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A-; Watch: employment D, crime F, 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: West Riviera Elementary School (math 26% / reading 22%, grade F, #2,057 of 2,144 statewide, top 96%, 487 students, 83% FRL); Howell L. Watkins Middle School (math 18% / reading 33%, grade F, #512 of 571 statewide, top 90%, 794 students, 76% FRL); William T. Dwyer High School (math 36% / reading 58%, grade D-, #207 of 667 statewide, top 32%, 2,206 students, 37% FRL).
• Zoned-school proficiency averages 32% at this address vs 50% district-wide (-17 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 soft (-0.7%/yr); 506 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $3,415/mo this rent would consume 63% of the median local household income ($65k/yr) (locally 1838% 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.

Negotiation context

• It's been on market 314 days — a 12% lower offer ($307k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 12y ago; this cycle's ask has dropped $30k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $300k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $307,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 314 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 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.98% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.49%
• DSCR: 1.02
• GRM: 8.5

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: -19.2%
• Equity multiple: 0.35×
• Total profit: $-63,793
• Equity at exit: $52,037

10-year hold

• IRR: -20.8%
• Equity multiple: 0.08×
• Total profit: $-90,104
• 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 33404

• Home prices YoY: -31.1%
• Rents YoY: -0.7%
• Active inventory: 506
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,415 high
• Mortgage (P&I): −$1,830
• Tax from tax record: −$682 /mo · $8,188/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$717
• Net cashflow: $40

Break-even live

Break-even rent $3,364

Max offer price $349,000

Occupancy floor 94%

Sensitivity live

Price	-10% $238	-5% $139	+0% $40	+5% $-58	+10% $-157
Rent	-10% $-230	-5% $-95	+0% $40	+5% $175	+10% $310
Rate	-1.0pp $216	-0.5pp $129	base $40	+0.5pp $-50	+1.0pp $-142

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 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 W 9th St Riviera Beach, FL	3.0	2.0	1304	$3,200	$2.45	26d	1	0.23mi
522 W 2nd St Riviera Beach, FL	3.0	1.0	900	$2,895	$3.22	26d	1	0.68mi
5649 Mentmore Dr Riviera Beach, FL	3.0	2.5	1450	$2,900	$2.00	26d	1	0.97mi
510 56th St West Palm Beach, FL	2.0	1.0	1152	$3,800	$3.30	24d	1	1.16mi
517 55th St West Palm Beach, FL	2.0	2.0	1238	$4,550	$3.68	26d	1	1.17mi
520 W 28th St Riviera Beach, FL	3.0	1.0	1296	$6,000	$4.63	4d	1	1.25mi
5101 Spruce Ave West Palm Beach, FL	3.0	3.0	1151	$3,100	$2.69	26d	1	1.33mi
436 51st St West Palm Beach, FL	2.0	1.0	968	$3,750	$3.87	26d	1	1.34mi
5600 N Flagler Dr West Palm Beach, FL	1.0–3.0	2.0	1192	$4,600	$3.86	0d	7	1.34mi
5600 N Flagler Dr West Palm Beach, FL	1.0–3.0	2.0	1192	$4,500	$3.77	22d	8	1.34mi
424 51st St Unit 426 West Palm Beach, FL	3.0	2.0	1230	$3,500	$2.85	12d	1	1.35mi
5203 N Flagler Dr West Palm Beach, FL	3.0	1.5	1458	$6,000	$4.12	26d	1	1.37mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	24d	1	1.44mi
158 E 23rd St Riviera Beach, FL	2.0	2.0	1110	$2,900	$2.61	26d	1	1.44mi
5200 N Flagler Dr #2004 West Palm Beach, FL	2.0	2.0	1235	$3,800	$3.08	9d	1	1.46mi
5200 N Flagler Dr West Palm Beach, FL	2.0	2.0	1233	$3,375	$2.74	26d	2	1.46mi
195 River Grove Way West Palm Beach, FL	3.0	1.0–2.0	958	$3,194	$3.33	0d	20	1.49mi

Listing history 41 events

1. 2026-06-21
   days on market $349,000 Active 314 DOM
2. 2026-06-18
   days on market $349,000 Active 311 DOM
3. 2026-06-17
   days on market $349,000 Active 310 DOM
4. 2026-06-16
   days on market $349,000 Active 309 DOM
5. 2026-06-15
   days on market $349,000 Active 308 DOM
6. 2026-06-13
   days on market $349,000 Active 306 DOM
7. 2026-06-09
   days on market $349,000 Active 302 DOM
8. 2026-06-07
   days on market $349,000 Active 300 DOM
9. 2026-06-04
   days on market $349,000 Active 297 DOM
10. 2026-06-03
    days on market $349,000 Active 296 DOM
11. 2026-06-01
    days on market $349,000 Active 294 DOM
12. 2026-05-31
    days on market $349,000 Active 293 DOM
13. 2026-02-26
    price $349,000
14. 2026-01-27
    price $359,000
15. 2025-09-24
    price $369,000
16. 2025-08-10
    listed $379,000 Active
17. 2025-02-24
    historical
18. 2025-02-23
    status Active
19. 2025-02-21
    historical
20. 2024-08-19
    listed $350,000 Active
21. 2023-07-11
    soldstatus $299,900
22. 2023-06-27
    soldstatus $299,900 Closed 268-char remark

    Show marketing remark (268 chars)

    Mid century concrete block ranch style home on a 10,450 square foot lot. Three bedrooms one bathroom with covered carport, fenced yard, open kitchen, tile floors, spacious bedrooms, large backyard, no homeowners association, no monthly HOA dues. This is a great house!

23. 2023-05-25
    historical Active Under Contract 268-char remark

    Show marketing remark (268 chars)

    Mid century concrete block ranch style home on a 10,450 square foot lot. Three bedrooms one bathroom with covered carport, fenced yard, open kitchen, tile floors, spacious bedrooms, large backyard, no homeowners association, no monthly HOA dues. This is a great house!

24. 2023-05-22
    listed $299,900 Active 268-char remark

    Show marketing remark (268 chars)

    Mid century concrete block ranch style home on a 10,450 square foot lot. Three bedrooms one bathroom with covered carport, fenced yard, open kitchen, tile floors, spacious bedrooms, large backyard, no homeowners association, no monthly HOA dues. This is a great house!

25. 2022-10-06
    soldstatus $280,000
26. 2022-09-21
    soldstatus $280,000 Closed
27. 2022-09-15
    historical Active Under Contract
28. 2022-08-27
    price $300,000
29. 2022-08-27
    status Active
30. 2022-08-01
    historical Active Under Contract
31. 2022-07-13
    price $287,000
32. 2022-06-26
    price $312,000
33. 2022-06-14
    listed $325,000 Active
34. 2015-07-03
    soldstatus $67,000 Sold
35. 2015-06-29
    soldstatus $67,000
36. 2015-03-13
    status Pending
37. 2015-03-09
    status Active
38. 2015-02-13
    status Pending
39. 2014-12-29
    status Active
40. 2014-12-18
    status Pending
41. 2014-12-12
    listed $70,000 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: $8,188 · $682/mo
• Projected year-2 tax: $8,188 · $682/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,986
• − Mortgage interest: −$19,549
• − Property taxes: −$8,188
• − Insurance: −$1,745
• − Repairs & maintenance: −$3,279
• − Management: −$3,279
• − Depreciation: −$10,153
• Taxable loss: −$5,207
• Est. tax savings @ 24.0%: +$1,250
• After-tax cash flow: $1,733/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 — Riviera Beach

• Score: 67/100
• State rank: #581
• US rank: #11060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Riviera Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 30,912
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 30,912
• Household income: $65,063
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 1838.0

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 Black (64%)
• Race & ethnicity: Black 64% White 22% Hispanic / Latino 9% Two or more races 8%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Hispanic 8% Romanian 1% Italian 1%
• Foreign-born: 21% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 8% French/Haitian/Cajun 7% 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: ▼ -153.74%
• Current HPI: 341.1761
• Rent YoY: ▼ -0.72%
• 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

+398.6% since first listed

29 events — show timeline

• 2026-02-26 Price Changed $349,000 Beaches MLS
• 2026-01-27 Price Changed $359,000 Beaches MLS
• 2025-09-24 Price Changed $369,000 Beaches MLS
• 2025-08-10 Listed $379,000 Beaches MLS
• 2025-02-24 Listing Removed — Beaches MLS
• 2025-02-23 Relisted — Beaches MLS
• 2025-02-21 Listing Removed — Beaches MLS
• 2024-08-19 Listed $350,000 Beaches MLS
• 2023-07-11 Sold (Public Records) $299,900 Public Records
• 2023-06-27 Sold (MLS) $299,900 Beaches MLS
• 2023-05-25 Contingent — Beaches MLS
• 2023-05-22 Listed $299,900 Beaches MLS
• 2022-10-06 Sold (Public Records) $280,000 Public Records
• 2022-09-21 Sold (MLS) $280,000 Beaches MLS
• 2022-09-15 Contingent — Beaches MLS
• 2022-08-27 Price Changed $300,000 Beaches MLS
• 2022-08-27 Relisted — Beaches MLS
• 2022-08-01 Contingent — Beaches MLS
• 2022-07-13 Price Changed $287,000 Beaches MLS
• 2022-06-26 Price Changed $312,000 Beaches MLS
• 2022-06-14 Listed $325,000 Beaches MLS
• 2015-07-03 Sold (MLS) $67,000 MARMLS
• 2015-06-29 Sold (Public Records) $67,000 Public Records
• 2015-03-13 Pending — MARMLS
• 2015-03-09 Relisted — MARMLS
• 2015-02-13 Pending — MARMLS
• 2014-12-29 Relisted — MARMLS
• 2014-12-18 Pending — MARMLS
• 2014-12-12 Listed $70,000 MARMLS

Property tax history

+14.5%/yr

Latest (2025): $8,188 · +97.0% YoY. Source: county tax records.