500 Executive Center Dr Unit 1J · West Palm Beach, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
- Livability +4.1/5.0
- Rent growth +3.8/5.0
- Schools +2.6/10.0
- Condition / age +1.0/5.0
- Appreciation +0.0/10.0
$94,000
500 Executive Center Dr Unit 1J · West Palm Beach, FL 33401
2 bd · 2.0 ba · 1,133 sqft · Condo
public records
· 153 Days on market
Built 1979
$83/sqft
· 63% below area
$881/mo HOA · 32% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
NOT A SHORT SALE!! NOT BANK OWNED!! GREAT BUY CLOSE TO DOWNTOWN, CITY PLACE, BEACHES & MORE!! FIRST FLOOR UNIT IN COMPLEX WITH BEAUTIFUL POOL, TENNIS & MORE! APPLIANCES NEW IN 2008. GATED COMMUNITY PLUS SECURE LOBBY. GREAT BUY!!
Key facts
- $881 HOA
- Parking
- Community pool
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $94k. Condition is rated poor.
Deal economics
- At list price, monthly cash flow is $577 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $94k).
- Recommended offer: $83k (12.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime 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: Westward Elementary School (math 30% / reading 29%, grade F, #1,896 of 2,144 statewide, top 90%, 500 students, 81% FRL); Bear Lakes Middle School (math 19% / reading 33%, grade F, #506 of 571 statewide, top 89%, 842 students, 74% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 75% FRL vs 52% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 26% at this address vs 50% district-wide (-24 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 rising fast (+5.2%/yr); 645 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $650 of loan paydown is wiped out by about $3k 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 + 5.2% rent growth), your $26k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 153 days — a 12% lower offer ($83k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 27y ago; this cycle's ask has dropped $45k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $25k; list at $94k implies a 278% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 2.7% of price; HOA is 32% 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
$82,720
(12.0% below list)
Questions for the listing agent
- 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?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 2.97% ✓
- Cap rate
- 13.66%
- Cash-on-cash
- 26.32%
- DSCR
- 2.17
- GRM
- 2.8
CMA / ARV
- ARV (median comp)
- $252,930
- List price
- $94,000
- Delta
- -62.84%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 470 Executive Center Dr Unit 4n | 0.07mi | 2/2.0 | 960 (-15%) | 2mo | $135,000 | $141 | 70 |
| 780 S Sapodilla Ave #206 | 1.23mi | 2/2.0 | 1,140 (+1%) | 1mo | $510,000 | $447 | 63 |
| 550 Okeechobee Blvd #1405 | 1.41mi | 2/2.0 | 1,120 (-1%) | 0mo | $820,000 | $732 | 63 |
| 616 Clearwater Park Rd #513 | 0.95mi | 2/2.0 | 1,112 (-2%) | 2mo | $350,000 | $315 | 60 |
| 505 Spencer Dr #410 | 1.06mi | 2/2.0 | 1,081 (-5%) | 1mo | $149,000 | $138 | 57 |
| 505 Spencer Dr #309 | 1.06mi | 2/2.0 | 1,081 (-5%) | 2mo | $152,000 | $141 | 56 |
| 550 Okeechobee Blvd #1619 | 1.41mi | 2/2.0 | 1,192 (+5%) | 4mo | $800,000 | $671 | 53 |
| 1850 N Congress Ave #311 | 1.49mi | 2/2.0 | 1,030 (-9%) | 0mo | $160,000 | $155 | 50 |
| 1850 N Congress Ave #201 | 1.49mi | 2/2.0 | 1,030 (-9%) | 3mo | $215,000 | $209 | 47 |
| 413 Ontario Pl | 0.68mi | 2/1.0 | 989 (-13%) | 4mo | $305,000 | $308 | 40 |
| 943 Charles St | 1.49mi | 3/2.0 (+1) | 1,372 (+21%) | 4mo | $675,000 | $492 | 31 |
| 2013 Longwood Rd | 1.03mi | 3/1.0 (+1) | 912 (-20%) | 4mo | $299,000 | $328 | 27 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 5.15% rent growth · sell at horizon
5-year hold
- IRR
- 24.8%
- Equity multiple
- 2.08×
- Total profit
- $28,342
- Equity at exit
- $14,016
10-year hold
- IRR
- 34.9%
- Equity multiple
- 4.84×
- Total profit
- $101,064
- Equity at exit
- $8,127
Cash invested: $26,320 (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.
Active competition Active MLS
- For sale now
- 3 active · 4 under contract
- Median asking
- $450,000 ($367/sqft)
- Median days on market
- 150 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -39.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33401
- Rents YoY
- 5.2%
- Active inventory
- 645
- Price-to-rent
- 2.8×
Monthly cashflow live
↻
- Estimated rent
- $2,790 high interval (Pro) →
- Mortgage (P&I)
- −$493
- Tax from tax record
- −$213 /mo · $2,560/yr
- Insurance
- −$39
- HOA
- −$881
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$586
- Net cashflow
- $577
Break-even live
Break-even rent
$2,059
Max offer price
$94,000
Occupancy floor
74%
Sensitivity live
| Price | -10% $630 | -5% $604 | +0% $577 | +5% $551 | +10% $524 |
|---|---|---|---|---|---|
| Rent | -10% $357 | -5% $467 | +0% $577 | +5% $687 | +10% $798 |
| Rate | -1.0pp $625 | -0.5pp $601 | base $577 | +0.5pp $553 | +1.0pp $528 |
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
- $23,500
- Closing costs
- $2,820
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 401 Executive Center Dr West Palm Beach, FL | 1.0–3.0 | 1.0–2.0 | 899 | $1,860 | $2.07 | 11d | 8 | 0.11mi |
| 407 Executive Center Dr #203 West Palm Beach, FL | 2.0 | 2.0 | 925 | $2,000 | $2.16 | 11d | 1 | 0.14mi |
| 710 Executive Center Dr West Palm Beach, FL | 1.0–2.0 | 1.0–2.0 | 677 | $2,100 | $3.10 | 11d | 5 | 0.20mi |
| 500 N Congress Ave West Palm Beach, FL | 2.0 | 2.0 | 1500 | $2,015 | $1.34 | 11d | 1 | 0.33mi |
| 1727 San Benito Way Unit 15 West Palm Beach, FL | 2.0 | 2.5 | 1425 | $2,400 | $1.68 | 11d | 1 | 0.42mi |
| 447 Corte Madera Ln #6 West Palm Beach, FL | 2.0 | 2.5 | 1448 | $2,725 | $1.88 | 11d | 1 | 0.45mi |
| 499 Corte Madera Ln #4 West Palm Beach, FL | 2.0 | 2.5 | 1425 | $2,800 | $1.96 | 39d | 1 | 0.45mi |
| 290 Courtney Lakes Cir West Palm Beach, FL | 1.0–3.0 | 1.0–2.0 | 1069 | $3,004 | $2.81 | 0d | 15 | 0.46mi |
| 770 Millbrae Ct #4 West Palm Beach, FL | 2.0 | 2.5 | 1448 | $2,750 | $1.90 | 41d | 1 | 0.56mi |
| 1517 Cameron Samuel Ln West Palm Beach, FL | 2.0 | 2.0 | 1000 | $2,250 | $2.25 | 11d | 1 | 0.57mi |
| 1432 8th St West Palm Beach, FL | 3.0 | 1.0 | 1366 | $2,900 | $2.12 | 83d | 1 | 0.59mi |
| 767 Millbrae Ct #2 West Palm Beach, FL | 2.0 | 2.5 | 1326 | $2,650 | $2.00 | 11d | 1 | 0.59mi |
| 820 Millbrae Ct #4 West Palm Beach, FL | 2.0 | 2.5 | 1326 | $2,800 | $2.11 | 55d | 1 | 0.60mi |
| 833 Millbrae Ct #4 West Palm Beach, FL | 3.0 | 2.0 | 1116 | $2,900 | $2.60 | 83d | 1 | 0.61mi |
| 810 Marina del Ray Ln #2 West Palm Beach, FL | 2.0 | 2.5 | 1448 | $2,500 | $1.73 | 3d | 1 | 0.62mi |
| 810 Marina del Ray Ln #5 West Palm Beach, FL | 2.0 | 2.5 | 1326 | $2,800 | $2.11 | 54d | 1 | 0.62mi |
| 810 Marina del Ray Ln #5 West Palm Beach, FL | 2.0 | 2.5 | 1448 | $2,800 | $1.93 | 41d | 1 | 0.62mi |
| 1406 9th St West Palm Beach, FL | 3.0 | 1.0 | 912 | $2,200 | $2.41 | 3d | 1 | 0.66mi |
| 1406 9th St West Palm Beach, FL | 3.0 | 1.0 | 912 | $2,100 | $2.30 | 2d | 1 | 0.66mi |
| 870 Marina del Ray Ln #3 West Palm Beach, FL | 3.0 | 2.5 | 1448 | $2,750 | $1.90 | 11d | 1 | 0.67mi |
| 960 Millbrae Ct #4 West Palm Beach, FL | 2.0 | 2.5 | 1448 | $2,700 | $1.86 | 11d | 1 | 0.72mi |
| 980 Marina Del Ray Ln West Palm Beach, FL | 3.0 | 2.5 | 1258 | $3,200 | $2.54 | 10d | 1 | 0.73mi |
| 980 Marina del Ray Ln #2 West Palm Beach, FL | 3.0 | 2.5 | 1258 | $3,200 | $2.54 | 11d | 1 | 0.73mi |
| 1449 11th St West Palm Beach, FL | 3.0 | 2.0 | 1092 | $2,800 | $2.56 | 45d | 1 | 0.79mi |
| 300 S Australian Ave #1106 West Palm Beach, FL | 2.0 | 2.0 | 1233 | $6,000 | $4.87 | 54d | 1 | 0.81mi |
| 300 S Australian Ave #919 West Palm Beach, FL | 2.0 | 2.0 | 1222 | $3,300 | $2.70 | 67d | 1 | 0.81mi |
| 300 S Australian Ave #1512 West Palm Beach, FL | 2.0 | 2.0 | 1116 | $4,500 | $4.03 | 5d | 1 | 0.81mi |
| 300 S Australian Ave #1115 West Palm Beach, FL | 1.0 | 1.0 | 774 | $2,500 | $3.23 | 10d | 1 | 0.81mi |
| 300 S Australian Ave #1520 West Palm Beach, FL | 3.0 | 2.0 | 1188 | $4,500 | $3.79 | 20d | 1 | 0.81mi |
| 300 S Australian Ave #1613 West Palm Beach, FL | 2.0 | 2.0 | 1386 | $4,600 | $3.32 | 11d | 1 | 0.81mi |
| 300 S Australian Ave #328 West Palm Beach, FL | 1.0 | 1.0 | 846 | $3,250 | $3.84 | 83d | 1 | 0.81mi |
| 300 S Australian Ave #1608 West Palm Beach, FL | 2.0 | 2.0 | 1085 | $5,700 | $5.25 | 54d | 1 | 0.81mi |
| 300 S Australian Ave #207 West Palm Beach, FL | 2.0 | 2.0 | 1245 | $3,100 | $2.49 | 80d | 1 | 0.81mi |
| 300 S Australian Ave #919 West Palm Beach, FL | 2.0 | 2.0 | 1222 | $3,200 | $2.62 | 72d | 1 | 0.81mi |
| 300 S Australian Ave West Palm Beach, FL | 2.0 | 2.0 | 1233 | $4,150 | $3.37 | 10d | 1 | 0.81mi |
| 300 S Australian Ave #419 West Palm Beach, FL | 2.0 | 2.0 | 1186 | $3,750 | $3.16 | 112d | 1 | 0.81mi |
| 300 S Australian Ave #327 West Palm Beach, FL | 1.0 | 1.0 | 838 | $2,750 | $3.28 | 40d | 1 | 0.81mi |
| 300 S Australian Ave #1605 West Palm Beach, FL | 3.0 | 2.0 | 1188 | $4,800 | $4.04 | 120d | 1 | 0.81mi |
| 300 S Australian Ave West Palm Beach, FL | 3.0 | 2.0 | 1377 | $6,000 | $4.36 | 120d | 1 | 0.81mi |
| 300 S Australian Ave #1418 West Palm Beach, FL | 2.0 | 2.0 | 1225 | $7,000 | $5.71 | 94d | 1 | 0.81mi |
Property features AI
Finance
- Financial info
- Pets allowed with size limit (more than 20 lbs permitted)
- HOA & community
- Monthly association feeAssociation fee covers insurance, laundry, grounds maintenance, structure maintenance, roof, sewer, trash and waterCommunity amenities include pool and tennis courts
Exterior
- Parking
- One assigned parking space
- Security
- Complex is fencedIntercom system
- Utilities
- Water and sewer included in association servicesElectric power available
- Home design
- Attached property4-story buildingFirst-floor entry
- Construction
- Brick constructionResale property
- Exterior features
- No notable exterior features listedAssociation pool
Interior
- Kitchen
- Dishwasher
- Bedrooms
- Bedroom located on the main level
- Flooring
- Ceramic tile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- First-floor entryBedroom on main levelTub/shower
- Laundry & utility
- Dryer
HOA detail $881/mo · $10,572/yr condo
- Likely covers
- poolsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-23days on market $94,000 Active 153 DOM
-
2026-09-22days on market $94,000 Active 152 DOM
-
2026-09-21days on market $94,000 Active 151 DOM
-
2026-09-20days on market $94,000 Active 150 DOM
-
2026-09-18days on market $94,000 Active 148 DOM
-
2026-09-17days on market $94,000 Active 147 DOM
-
2026-09-16pricedays on market $94,000 Active 146 DOM
-
2026-09-15days on market $99,000 Active 145 DOM
-
2026-09-13days on market $99,000 Active 143 DOM
-
2026-09-12days on market $99,000 Active 142 DOM
-
2026-09-11days on market $99,000 Active 141 DOM
-
2026-09-05days on market $99,000 Active 135 DOM
-
2026-09-04days on market $99,000 Active 134 DOM
-
2026-09-03days on market $99,000 Active 133 DOM
-
2026-08-31days on market $99,000 Active 130 DOM
-
2026-08-29days on market $99,000 Active 128 DOM
-
2026-08-28days on market $99,000 Active 127 DOM
-
2026-08-27days on market $99,000 Active 126 DOM
-
2026-08-25days on market $99,000 Active 124 DOM
-
2026-08-24days on market $99,000 Active 123 DOM
-
2026-08-23days on market $99,000 Active 122 DOM
-
2026-08-22days on market $99,000 Active 121 DOM
-
2026-08-21days on market $99,000 Active 120 DOM
-
2026-08-20days on market $99,000 Active 119 DOM
-
2026-08-19days on market $99,000 Active 118 DOM
-
2026-08-18days on market $99,000 Active 117 DOM
-
2026-08-17days on market $99,000 Active 116 DOM
-
2026-08-16days on market $99,000 Active 115 DOM
-
2026-08-15days on market $99,000 Active 114 DOM
-
2026-08-14days on market $99,000 Active 113 DOM
-
2026-08-13days on market $99,000 Active 112 DOM
-
2026-08-12days on market $99,000 Active 111 DOM
-
2026-08-11days on market $99,000 Active 110 DOM
-
2026-08-10days on market $99,000 Active 109 DOM
-
2026-08-09pricedays on market $99,000 Active 108 DOM
-
2026-08-08days on market $108,000 Active 107 DOM
-
2026-08-06days on market $108,000 Active 105 DOM
-
2026-08-05days on market $108,000 Active 104 DOM
-
2026-08-03days on market $108,000 Active 102 DOM
-
2026-07-31days on market $108,000 Active 99 DOM
-
2026-07-26days on market $108,000 Active 94 DOM
-
2026-07-24days on market $108,000 Active 92 DOM
-
2026-07-23days on market $108,000 Active 91 DOM
-
2026-07-22days on market $108,000 Active 90 DOM
-
2026-07-21days on market $108,000 Active 89 DOM
-
2026-07-20days on market $108,000 Active 88 DOM
-
2026-07-18days on market $108,000 Active 86 DOM
-
2026-07-18days on market $108,000 Active 85 DOM
-
2026-07-16days on market $108,000 Active 84 DOM
-
2026-07-15days on market $108,000 Active 83 DOM
ⓘ 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
- $2,560 · $213/mo
- Projected year-2 tax
- $2,560 · $213/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 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 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $33,475
- − Mortgage interest
- −$5,265
- − Property taxes
- −$2,560
- − Insurance
- −$470
- − Repairs & maintenance
- −$2,678
- − Management
- −$2,678
- − HOA
- −$10,572
- − Depreciation
- −$2,735
- Taxable income
- $6,516
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$1,564
- After-tax cash flow
- $5,363/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 · 2 photos
20/100
Extensive rehab
Est. rehab $56,650–$101,970 screening
This townhouse requires extensive repairs and updates, including roof replacement, exterior siding repair, and interior painting and repairs. Significant value can be added through these improvements, making it a great investment opportunity.
Repairs flagged
- Major roof — Significant wear and tear visible from aerial view.
- Major exterior siding — Peeling paint and possible water damage.
- Major landscaping — Overgrown vegetation and lack of maintenance.
- Major interior walls and paint — No interior photos available, but condition score suggests significant issues.
- Major bathrooms and kitchen — No interior photos available, but condition score suggests significant issues.
- Major HVAC/mechanicals — No interior photos available, but condition score suggests significant issues.
- Major foundation and structure — No interior photos available, but condition score suggests significant issues.
- Major windows — No interior photos available, but condition score suggests significant issues.
Value-add opportunities
- Both roof replacement — Significant wear and tear, major repairs needed. ↑
- Both exterior siding repair — Peeling paint and possible water damage. ↑
- Both landscaping and curb appeal — Overgrown vegetation and lack of maintenance. ↑
- Both interior painting and repairs — Condition score suggests significant issues. ↑
- Both bathroom and kitchen updates — Condition score suggests significant issues. ↑
- Both HVAC and mechanical updates — Condition score suggests significant issues. ↑
- Both foundation and structure repairs — Condition score suggests significant issues. ↑
- Both window repairs — Condition score suggests significant issues. ↑
ⓘ Rehab cost is a screening estimate — Extensive 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.
F
Composite school gradezoned avg 26/100
Zoned Schools
Elementary
Westward Elementary School
F
FL #1,896/2,144
Nat'l #26,716/41,679
Middle
Bear Lakes Middle School
F
FL #506/571
Nat'l #10,089/14,009
High
Palm Beach Lakes High School
F
FL #546/667
Nat'l #13,899/17,239
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
A
Composite livability gradescore 82/100
Livability — West Palm Beach
- Score
- 82/100
- State rank
- #75
- US rank
- #1255
Category grades
Amenities A-
Commute A+
Cost of living B-
Crime F
Employment C-
Housing A+
Health & safety A+
User ratings A+
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- West Palm Beach, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 222,012
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 33,698
- Household income
- $67,967
- Rent vs Own
- Severe rent burden
- 18% of renters
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 43% Black 32% Hispanic / Latino 17% Two or more races 11% Asian 3%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 3% Cuban 3%
- Common ancestry
- Hispanic 6% Slovak 2% Romanian 2%
- Foreign-born
- 26% · Canada, Jamaica, China
- Languages at home
- 73% English-only · Spanish 13% French/Haitian/Cajun 7% Other Asian/Pacific 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
- ▼ -324.96%
- Current HPI
- 367.0978
- Rent YoY
- ▲ 5.15%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
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Price history
+143.3% since first listed14 events — show timeline
- 2026-06-10 Price Changed $118,000 MARMLS
- 2026-05-20 Price Changed $129,000 MARMLS
- 2026-04-23 Listed $139,000 MARMLS
- 2013-09-21 Listing Removed — Beaches MLS
- 2011-02-24 Sold (MLS) $24,900 Beaches MLS
- 2011-01-25 Listing Removed — Beaches MLS
- 2011-01-18 Listed $24,900 Beaches MLS
- 2008-04-30 Listing Removed — Beaches MLS
- 2007-10-12 Listed $115,000 Beaches MLS
- 2007-01-16 Listed $150,000 Beaches MLS
- 1999-05-20 Sold (MLS) $45,500 Beaches MLS
- 1999-05-01 Listing Removed — Beaches MLS
- 1999-03-12 Listed $46,900 Beaches MLS
- 1985-05-01 Sold (Public Records) $48,500 Public Records
Property tax history
+16.5%/yrLatest (2025): $2,560 · +3.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…