9170 SW 14th St #4105 · Coconut Creek, FL 33428

$165,000

2 bd · 2.0 ba · 1,516 sqft · Condo public records · 147 Days on market

Built 1984 $975/mo HOA · 32% 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 +26.4/30.0
• 1% rule +10.0/10.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.2/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy easy first-floor access in this spacious 2BR/2BA condo featuring a large enclosed Florida room with expansive garden views. The updated kitchen offers granite countertops, white cabinetry, stainless steel appliances, and a convenient pass-through to the dining area. Bright, open floor plan with tile flooring in main areas and carpet/laminate in bedrooms. The generous primary suite includes excellent closet space and a bath with double sinks and a walk-in shower. The Patios offers 2 pools, spas, tennis, fitness room, game and billiard rooms. Community passed Milestone and SIRS studies with strong reserves and structural integrity. New hurricane-rated foam roofs add long-term value.

Key facts

• Garden views
• Updated kitchen
• First-floor access

Tags

• FIRST-FLOOR ACCESS
• ENCLOSED FLORIDA ROOM
• GARDEN VIEWS
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• WHITE CABINETRY

Property features AI

Finance

• Other: Pets not allowed
• HOA & community: Homeowners association with monthly fee; HOA amenities include billiard room, clubhouse, elevators, fitness center, game room, parking, pool, tennis courts, community room and sidewalks; HOA fee paid monthly; HOA fee includes insurance, grounds maintenance, sewer, trash, water, common areas, elevator and recreation facility; Senior community

Exterior

• Parking: Assigned parking; Detached carport
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Resale property; Northeast-facing; 5-story building
• Construction: CBS construction; Built as part of a 5-story building
• Exterior features: Covered patio; Screened patio; Patio; Porch; Glass-enclosed patio/porch; Entry-level living area

Interior

• Kitchen: Electric range; Dishwasher; Microwave; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Entrance foyer; Walk-in closets; Split bedroom layout
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $430 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 3.7% in Coconut Creek — 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 85/100 on livability (#30 in FL, #617 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: 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 (+3.7%/yr); 267 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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).
• This rent runs 41% of the median local income ($89k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 + 3.7% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $122k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 1.85% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.17%
• DSCR: 1.50
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.72% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.07×
• Total profit: $3,427
• Equity at exit: $24,602

10-year hold

• IRR: 12.8%
• Equity multiple: 2.08×
• Total profit: $49,778
• Equity at exit: $14,266

Cash invested: $46,200 (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 33428

• Rents YoY: 3.7%
• Active inventory: 267
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $3,048 high
• Mortgage (P&I): −$865
• Tax from tax record: −$69 /mo · $828/yr
• Insurance: −$69
• HOA: −$975
• Vacancy / Maint / Mgmt: −$640
• Net cashflow: $430

Break-even live

Break-even rent $2,504

Max offer price $165,000

Occupancy floor 81%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10098 Akenside Dr Boca Raton, FL	3.0	2.5	2131	$4,500	$2.11	5d	1	0.26mi
10106 Akenside Dr Boca Raton, FL	3.0	2.5	2131	$4,600	$2.16	24d	1	0.27mi
10111 Akenside Dr Unit 10111 Boca Raton, FL	3.0	2.5	1728	$3,600	$2.08	15d	1	0.28mi
10111 Akenside Dr Unit 10111 Boca Raton, FL	3.0	2.5	1728	$3,600	$2.08	4d	1	0.28mi
9235 SW 8th St Boca Raton, FL	2.0	2.0	1045	$2,175	$2.08	11d	4	0.33mi
8951 SW 19th St Unit A Boca Raton, FL	2.0	2.0	1196	$2,800	$2.34	17d	1	0.36mi
22800 SW 54th Way Boca Raton, FL	3.0	2.0	1554	$3,400	$2.19	17d	1	0.36mi
10199 Akenside Dr Boca Raton, FL	3.0	2.5	2020	$4,850	$2.40	8d	1	0.36mi
10222 Akenside Dr Boca Raton, FL	3.0	2.5	2131	$4,975	$2.33	24d	1	0.37mi
9330 SW 61st Way Unit D Boca Raton, FL	2.0	2.5	1593	$2,600	$1.63	17d	1	0.37mi
9260 Boca Vue Dr Boca Raton, FL	1.0–3.0	1.0–2.0	1052	$3,304	$3.14	1d	33	0.38mi
9380 SW 61st Way Unit B Boca Raton, FL	3.0	2.5	1593	$2,900	$1.82	24d	1	0.43mi
23442 Lyons Rd #406 Boca Raton, FL	2.0	2.0	1218	$2,300	$1.89	24d	1	0.45mi
23466 Lyons Rd #504 Boca Raton, FL	2.0	2.0	1127	$2,300	$2.04	24d	1	0.48mi
23312 SW 53rd Ave Unit C Boca Raton, FL	3.0	2.5	1412	$3,100	$2.20	24d	1	0.49mi
23305 Barwood Ln N #207 Boca Raton, FL	2.0	2.0	1300	$1,875	$1.44	24d	1	0.49mi
23305 Barwood Ln N #207 Boca Raton, FL	2.0	2.0	1300	$1,875	$1.44	8d	1	0.49mi
22447 SW 56th Ave Boca Raton, FL	3.0	2.0	1831	$3,400	$1.86	24d	1	0.52mi
9460 SW 61st Way Unit D Boca Raton, FL	3.0	2.5	1600	$2,900	$1.81	24d	1	0.53mi
22465 SW 61st Way #247 Boca Raton, FL	3.0	2.0	1407	$2,700	$1.92	24d	1	0.58mi
22465 SW 61st Way #247 Boca Raton, FL	3.0	2.0	1407	$2,600	$1.85	4d	1	0.58mi
22745 SW 65th Way Boca Raton, FL	3.0	2.0	1477	$3,500	$2.37	3d	1	0.63mi
22682 Family Cir Unit 22682 Boca Raton, FL	3.0	2.0	1425	$3,400	$2.39	14d	1	0.68mi
9500 SW 3rd St #259 Boca Raton, FL	2.0	2.5	1336	$2,350	$1.76	24d	1	0.70mi
23816 SW 65th Way Boca Raton, FL	2.0	2.0	1954	$900	$0.46	5d	1	0.72mi
8361 Trent Ct Unit A Boca Raton, FL	2.0	2.5	1302	$2,475	$1.90	5d	1	0.75mi
22765 SW 66th Ave #204 Boca Raton, FL	2.0	2.0	1170	$3,000	$2.56	24d	1	0.76mi
8353 Trent Ct Unit C Boca Raton, FL	2.0	2.5	1312	$2,400	$1.83	24d	1	0.76mi
9244 SW 2nd St Boca Raton, FL	3.0	2.0	1480	$3,300	$2.23	24d	1	0.77mi
22735 SW 66th Ave Boca Raton, FL	2.0	2.0	1170	$2,300	$1.97	5d	1	0.78mi
22217 SW 61st Ave Boca Raton, FL	2.0	2.0	1318	$3,200	$2.43	15d	1	0.82mi
22217 SW 61st Ave Boca Raton, FL	2.0	2.0	1318	$3,200	$2.43	22d	1	0.82mi
22217 SW 61st Ave Boca Raton, FL	2.0	2.0	1318	$3,200	$2.43	2d	1	0.82mi
22201 Majestic Woods Way Boca Raton, FL	2.0	2.5	1280	$2,800	$2.19	24d	1	0.91mi
8273 Severn Dr Unit D Boca Raton, FL	2.0	2.5	1302	$2,450	$1.88	4d	1	0.91mi
8254 Severn Dr Unit A Boca Raton, FL	3.0	3.0	1364	$2,700	$1.98	8d	1	0.92mi
8285 Severn Dr Unit B Boca Raton, FL	2.0	2.5	1302	$2,500	$1.92	24d	1	0.93mi
10110 Boca Entrada Blvd Boca Raton, FL	2.0	2.0	1155	$2,338	$2.02	4d	2	0.98mi
10110 Boca Entrada Blvd Boca Raton, FL	2.0	2.0	1155	$2,338	$2.02	3d	2	0.98mi
10110 Boca Entrada Blvd #305 Boca Raton, FL	2.0	2.0	1155	$2,350	$2.03	3d	1	0.99mi

HOA detail condo

• Monthly dues: $975 · $11,700/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $165,000 Active 147 DOM
2. 2026-06-17
   days on market $165,000 Active 146 DOM
3. 2026-06-16
   days on market $165,000 Active 145 DOM
4. 2026-06-15
   days on market $165,000 Active 144 DOM
5. 2026-06-13
   days on market $165,000 Active 142 DOM
6. 2026-06-09
   days on market $165,000 Active 138 DOM
7. 2026-06-07
   days on market $165,000 Active 136 DOM
8. 2026-06-04
   days on market $165,000 Active 133 DOM
9. 2026-06-03
   days on market $165,000 Active 132 DOM
10. 2026-06-01
    days on market $165,000 Active 130 DOM
11. 2026-05-31
    days on market $165,000 Active 129 DOM
12. 2026-05-07
    historical Active Under Contract
13. 2026-03-19
    price $165,000
14. 2026-02-06
    price $184,500
15. 2026-01-22
    historical
16. 2026-01-22
    listed $195,000 Active
17. 2025-12-26
    price $199,000
18. 2025-12-26
    status Active
19. 2025-12-06
    historical Active Under Contract
20. 2025-10-08
    price $209,000
21. 2025-08-18
    price $225,000
22. 2025-07-29
    listed $250,000 Active
23. 2025-07-26
    historical
24. 2025-05-01
    price $275,000
25. 2025-02-24
    price $295,000
26. 2025-02-04
    listed $325,000 Active
27. 2009-06-25
    soldstatus $122,000
28. 2009-06-19
    soldstatus $122,000
29. 2009-06-16
    historical
30. 2009-02-09
    listed $124,900
31. 1994-08-12
    soldstatus $90,000
32. 1991-09-16
    soldstatus $74,500

ⓘ 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: $828 · $69/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$542/yr (+$45/mo · 65.4%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,576
• − Mortgage interest: −$9,243
• − Property taxes: −$828
• − Insurance: −$825
• − Repairs & maintenance: −$2,926
• − Management: −$2,926
• − HOA: −$11,700
• − Depreciation: −$4,800
• Taxable income: $3,328
• Est. tax owed @ 24.0%: −$799
• After-tax cash flow: $4,360/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 — Coconut Creek

• Score: 85/100
• State rank: #30
• US rank: #617

Category grades

Amenities F Commute A+ Cost of living B+ Crime B+ 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: 50,557
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 47,588
• Household income: $88,543
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1990.0

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 0.69)
• Race & ethnicity: White 50% Two or more races 23% Hispanic / Latino 22% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Estonian 12% Romanian 3% Scotch-Irish 3%
• Foreign-born: 37% · Canada, Jamaica, Vietnam
• Languages at home: 55% English-only · Spanish 19% Other Indo-European 17% 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: ▼ -299.00%
• Current HPI: 373.2649
• Rent YoY: ▲ 3.72%
• 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

+121.5% since first listed

21 events — show timeline

• 2026-05-07 Contingent — Beaches MLS
• 2026-03-19 Price Changed $165,000 Beaches MLS
• 2026-02-06 Price Changed $184,500 Beaches MLS
• 2026-01-22 Listing Removed — Beaches MLS
• 2026-01-22 Listed $195,000 Beaches MLS
• 2025-12-26 Price Changed $199,000 Beaches MLS
• 2025-12-26 Relisted — Beaches MLS
• 2025-12-06 Contingent — Beaches MLS
• 2025-10-08 Price Changed $209,000 Beaches MLS
• 2025-08-18 Price Changed $225,000 Beaches MLS
• 2025-07-29 Listed $250,000 Beaches MLS
• 2025-07-26 Listing Removed — Beaches MLS
• 2025-05-01 Price Changed $275,000 Beaches MLS
• 2025-02-24 Price Changed $295,000 Beaches MLS
• 2025-02-04 Listed $325,000 Beaches MLS
• 2009-06-25 Sold (Public Records) $122,000 Public Records
• 2009-06-19 Sold (MLS) $122,000 Beaches MLS
• 2009-06-16 Listing Removed — Beaches MLS
• 2009-02-09 Listed $124,900 Beaches MLS
• 1994-08-12 Sold (Public Records) $90,000 Public Records
• 1991-09-16 Sold (Public Records) $74,500 Public Records

Property tax history

+0.1%/yr

Latest (2025): $828 · +2.8% YoY. Source: county tax records.