8583 Overset Ln Unit C · Boca Raton, FL 33496

$214,444

2 bd · 2.0 ba · 863 sqft · SingleFamily · 18 Days on market

55+ age-restricted Built 1985 Good condition $248/sqft · 16% below area Est $255k · 16% under $590/mo HOA · 30% of rent ↓ 3% since listing

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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).

• ARV discount +14.6/15.0
• Appreciation +10.0/10.0
• Cash flow +9.8/30.0
• Schools +6.3/10.0
• 1% rule +4.5/10.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• DSCR +2.5/10.0

Listing remarks

Whisper Walk is a 55+ community featuring many amenities. This 2 bedroom 2 bath remodeled villa features new vinyl flooring throughout, new paint, bathrooms and kitchen Awesome unit waiting for you to enjoy South Florida evenings on your screened patio.

Key facts

• 2 parking spots
• Community pool
• Built 1985

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $214k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-540 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (36.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (9.6% below list).
• Recommended offer: $136k (36.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 77/100 on livability (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; 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.
• Zoned schools: Whispering Pines Elementary School (math 62% / reading 69%, grade B+, #500 of 2,144 statewide, top 24%, 1,015 students, 25% FRL); Omni Middle School (math 66% / reading 66%, grade A-, #93 of 571 statewide, top 16%, 1,128 students, 29% FRL); Olympic Heights Community High (math 52% / reading 64%, grade C, #120 of 667 statewide, top 18%, 2,602 students, 30% FRL) — zoned schools average 28% FRL vs 52% district-wide (24 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 63% at this address vs 50% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 459 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 68d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).

Forward outlook

• In year one you build about $23k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($211k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 30% 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 $136,301 (36.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 3.27%
• Cash-on-cash: -10.79%
• DSCR: 0.52
• GRM: 9.2

CMA / ARV

• ARV (median comp): $254,888
• List price: $214,444
• Delta: -15.87%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18720 Schooner Dr	0.42mi	2/2.0	863 (0%)	1mo	$245,000	$284	79
18716 Schooner Dr	0.42mi	2/2.0	1,022 (+18%)	1mo	$197,250	$193	55
8901 Windtree St	0.44mi	2/2.0	1,000 (+16%)	2mo	$300,000	$300	53
18528 Hidden Way	0.46mi	2/2.0	1,000 (+16%)	1mo	$230,000	$230	53
18567 Egret Way	0.52mi	2/2.0	1,000 (+16%)	0mo	$235,000	$235	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 2.31% rent growth · sell at horizon

5-year hold

• IRR: 16.5%
• Equity multiple: 2.36×
• Total profit: $81,452
• Equity at exit: $193,188

10-year hold

• IRR: 15.7%
• Equity multiple: 5.41×
• Total profit: $265,051
• Equity at exit: $416,618

Cash invested: $60,044 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 8 active · 7 under contract
• Months of supply: 9.6 mo (10%/mo absorbed)
• Median asking: $254,950 ($275/sqft)
• Median days on market: 97 d
• This list price: 12% of active listings are priced below it
• ARV vs active asking: +7.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33496

• Home prices YoY: 3.5%
• Rents YoY: 2.3%
• Active inventory: 459
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,939 high
• Mortgage (P&I): −$1,125
• Tax est. 1.5%: −$268 /mo · $3,217/yr
• Insurance: −$89
• HOA: −$590
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $-540

Break-even live

Break-even rent $2,623

Max offer price $136,301

Occupancy floor —

Sensitivity live

Price	-10% $-392	-5% $-466	+0% $-540	+5% $-614	+10% $-688
Rent	-10% $-693	-5% $-617	+0% $-540	+5% $-463	+10% $-387
Rate	-1.0pp $-432	-0.5pp $-485	base $-540	+0.5pp $-596	+1.0pp $-652

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: $53,611
• Closing costs: $6,433
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
74 Preston Way Boca Raton, FL	2.0	1.5	840	$1,750	$2.08	120d	1	0.14mi
204 Preston Way #204 Boca Raton, FL	1.0	1.0	810	$1,500	$1.85	97d	1	0.14mi
149 Preston Way #149 Boca Raton, FL	1.0	1.5	720	$1,350	$1.88	120d	1	0.14mi
149 Preston Way #149 Boca Raton, FL	1.0	1.5	720	$1,300	$1.81	98d	1	0.14mi
74 Preston Way Boca Raton, FL	2.0	1.5	840	$1,750	$2.08	117d	1	0.14mi
91 Preston Way Unit 91 Boca Raton, FL	1.0	1.0	600	$1,500	$2.50	120d	1	0.14mi
233 Preston Way Unit 233 Boca Raton, FL	1.0	1.5	720	$2,500	$3.47	6d	1	0.18mi
14 Preston A WAY Unit A Boca Raton, FL	2.0	1.5	840	$1,900	$2.26	44d	1	0.19mi
171 Suffolk F Unit F Boca Raton, FL	1.0	1.5	720	$1,500	$2.08	82d	1	0.21mi
209 Suffolk F Unit F Boca Raton, FL	1.0	1.5	720	$1,400	$1.94	120d	1	0.21mi
171 Suffolk F Unit F Boca Raton, FL	1.0	1.5	720	$1,500	$2.08	51d	1	0.21mi
169 Suffolk F Unit F Boca Raton, FL	2.0	1.5	840	$1,750	$2.08	95d	1	0.21mi
68 Suffolk F Unit 68 Boca Raton, FL	1.0	1.5	720	$2,500	$3.47	20d	1	0.21mi
171 Suffolk F #171 Boca Raton, FL	1.0	1.5	720	$1,500	$2.08	106d	1	0.21mi
250 Suffolk F #250 Boca Raton, FL	1.0	1.5	720	$1,400	$1.94	54d	1	0.21mi
7 Preston a Boca Raton, FL	1.0	1.0	600	$1,650	$2.75	58d	1	0.21mi
84 Mansfield Dr Unit 84 Boca Raton, FL	2.0	1.5	840	$1,550	$1.85	90d	1	0.28mi
48 Mansfield Dr Unit 48 Boca Raton, FL	1.0	1.5	720	$1,500	$2.08	67d	1	0.28mi
118 Mansfield Dr Unit C Boca Raton, FL	1.0	1.5	715	$1,395	$1.95	5d	1	0.28mi
164 Mansfield D Unit D Boca Raton, FL	2.0	1.5	840	$1,750	$2.08	5d	1	0.28mi
116 Mansfield C Unit C Boca Raton, FL	2.0	2.0	840	$1,600	$1.90	45d	1	0.28mi
588 Mansfield M Unit M Boca Raton, FL	2.0	1.5	835	$1,475	$1.77	120d	1	0.28mi
505 Mansfield M Unit M Boca Raton, FL	2.0	2.0	840	$1,799	$2.14	24d	1	0.28mi
369 Mansfield I Boca Raton, FL	2.0	1.5	835	$3,000	$3.59	3d	1	0.28mi
559 Mansfield M Unit 559 Boca Raton, FL	1.0	1.5	720	$1,500	$2.08	54d	1	0.28mi
353 Mansfield I Boca Raton, FL	2.0	2.0	840	$1,850	$2.20	11d	1	0.28mi
45 Mansfield B #45 Boca Raton, FL	1.0	1.5	720	$1,350	$1.88	47d	1	0.28mi
392 Mansfield I Unit I Boca Raton, FL	2.0	1.5	840	$1,800	$2.14	60d	1	0.28mi
431 Mansfield K Unit K Boca Raton, FL	2.0	1.5	835	$1,600	$1.92	117d	1	0.28mi
505 Mansfield M Unit M Boca Raton, FL	2.0	1.5	840	$1,675	$1.99	51d	1	0.28mi
9 Mansfield B #9 Boca Raton, FL	1.0	1.5	810	$1,400	$1.73	120d	1	0.28mi
543 Mansfield M #543 Boca Raton, FL	2.0	1.5	835	$1,890	$2.26	120d	1	0.28mi
438 Mansfield M Unit 438 Boca Raton, FL	2.0	1.5	840	$1,800	$2.14	67d	1	0.28mi
77 Preston Way #77 Boca Raton, FL	1.0	1.0	600	$1,350	$2.25	103d	1	0.28mi
218 Preston Way Unit 218 Boca Raton, FL	1.0	1.0	600	$1,550	$2.58	20d	1	0.28mi
351 Mansfield Dr #351 Boca Raton, FL	2.0	1.5	840	$2,300	$2.74	120d	1	0.28mi
162 Preston D Boca Raton, FL	1.0	1.0	810	$1,495	$1.85	120d	1	0.28mi
77 Preston Way #77 Boca Raton, FL	1.0	1.0	600	$1,450	$2.42	117d	1	0.28mi
79 Suffolk F Unit 79 Boca Raton, FL	1.0	1.5	720	$1,200	$1.67	11d	1	0.29mi
175 Suffolk F #175 Boca Raton, FL	1.0	1.0	600	$2,250	$3.75	20d	1	0.29mi

Listing history 11 events

1. 2026-06-21
   days on market $214,444 Active 18 DOM
2. 2026-06-18
   days on market $214,444 Active 15 DOM
3. 2026-06-17
   days on market $214,444 Active 14 DOM
4. 2026-06-16
   days on market $214,444 Active 13 DOM
5. 2026-06-15
   days on market $214,444 Active 12 DOM
6. 2026-06-13
   days on market $214,444 Active 10 DOM
7. 2026-06-09
   days on market $214,444 Active 6 DOM
8. 2026-06-08
   days on market $214,444 Active 5 DOM
9. 2026-06-07
   days on market $214,444 Active 4 DOM
10. 2026-06-03
    remarks 254-char remark
11. 2026-06-03
    listed $214,444 Active 1 DOM

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

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 · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,270
• − Mortgage interest: −$12,012
• − Property taxes: −$3,217
• − Insurance: −$1,072
• − Repairs & maintenance: −$1,862
• − Management: −$1,862
• − HOA: −$7,080
• − Depreciation: −$6,238
• Taxable loss: −$10,073
• Est. tax savings @ 24.0%: +$2,417
• After-tax cash flow: $-4,063/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $4,315–$12,945 screening

This remodeled villa in a 55+ community features new vinyl flooring, bathrooms, and kitchen, with good exterior and landscaping. Minor updates to exterior and landscaping would further enhance its value.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New outdoor lighting — Enhances safety and curb appeal ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 63/100

Zoned Schools

Elementary Whispering Pines Elementary School B+ FL #500/2,144 Nat'l #5,011/41,679 Middle Omni Middle School A- FL #93/571 Nat'l #1,160/14,009 High Olympic Heights Community High C FL #120/667 Nat'l #3,986/17,239

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

B Composite livability gradescore 77/100

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

• County: Palm Beach County · 1,637,487 people
• City population: 250,102
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 26,579
• Household income: $114,885
• Rent vs Own: 16.5% rent · 83.5% own
• Severe rent burden: 18% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Two or more races 8% Asian 5% Black 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Scotch-Irish 13% Romanian 9% Italian 3%
• Foreign-born: 24% · Canada, Jamaica, Dominican Republic
• Languages at home: 75% English-only · Spanish 9% Other Indo-European 5% Russian/Polish/Slavic 4%

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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: ▲ 10.48%
• Current HPI: 313.9058
• Rent YoY: ▲ 2.31%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

-2.7% since first listed

3 events — show timeline

• 2025-11-02 Listing Removed — Beaches MLS
• 2025-08-15 Price Changed $248,000 Beaches MLS
• 2025-06-02 Listed $255,000 Beaches MLS