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7507 Orchid Hammock Dr Unit 6a
D Composite 41.06
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).

  • ARV discount +12.9/15.0
  • Cash flow +6.2/30.0
  • Schools +6.1/10.0
  • Livability +4.1/5.0
  • 1% rule +4.0/10.0
  • Condition / age +3.8/5.0
  • Rent growth +3.5/5.0
  • DSCR +0.5/10.0
  • Appreciation +0.0/10.0

$519,000

7507 Orchid Hammock Dr Unit 6a · West Palm Beach, FL 33412
3 bd · 3.0 ba · 2,347 sqft · Condo · 132 Days on market
Built 2003 Good condition 2-car garage $221/sqft · 12% below area Est $590k · 12% under $1035/mo HOA · 22% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

PRESTINE HOME, LOCATED AT THE END OF A CUL DE SAC. THE BEST LAKE AND GOLF COURSE VIEW. HIGH CEILINGS, ENDLESS UPGRADES THRU -OUT. OVER SIZED LIVING ROOM, GRANITE COUNTER TOPS AND STAINLESS APPLIANCES. BEAUTIFUL TALL WOOD CABINETS. IBIS IS A PRIVATE, GATED, SECURE COMMUNITY. JUST MINUTES FROM SHOPPING. ENJOY A WORLD CLASS COUNTRY CLUB LIFE STYLE.

Key facts

  • $1,035 HOA
  • 2 garage spots
  • Community pool

Neighborhood map

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 3-bed/3.0-bath condo listed at $519k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-941 ($-11k/yr) — negative.
  • To cash-flow at today's rent, offer at most $383k (26.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $466k (10.2% below list).
  • Recommended offer: $383k (26.2% below list) — sets the bar for cash-flow.

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: Pierce Hammock Elementary School (math 69% / reading 73%, grade A-, #320 of 2,144 statewide, top 15%, 468 students, 35% FRL); Western Pines Community Middle (math 66% / reading 64%, grade A-, #99 of 571 statewide, top 17%, 991 students, 42% FRL); Seminole Ridge Community High School (math 36% / reading 56%, grade D-, #220 of 667 statewide, top 33%, 2,262 students, 36% FRL).
  • Market conditions: Rents rising (+3.9%/yr); 472 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 68d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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).
  • This rent runs 43% of the median local income ($130k/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 $4k of loan paydown is wiped out by about $16k 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 132 days — a 12% lower offer ($457k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $280k; list at $519k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: HOA is 22% of rent.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $382,809 (26.2% 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. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
  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. 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?
  8. 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?
  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
0.90%
Cap rate
4.12%
Cash-on-cash
-7.77%
DSCR
0.65
GRM
9.3

CMA / ARV

ARV (median comp)
$590,429
List price
$519,000
Delta
-12.10%
Verdict
UNDERPRICED
Comps
9 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
7567 Orchid Hammock Dr 0.03mi 3/3.0 2,889 (+23%) 15mo $720,000 $249 61
10749 Waterford Pl 1.41mi 3/3.0 2,277 (-3%) 4mo $682,500 $300 56
7943 Via Villagio 0.44mi 4/3.0 (+1) 2,506 (+7%) 9mo $1,125,000 $449 56
7990 Via Villagio 0.55mi 3/3.0 2,302 (-2%) 19mo $1,017,000 $442 55
7440 Blue Heron Way 0.27mi 3/3.0 2,560 (+9%) 21mo $1,385,000 $541 55
10744 Waterford Pl 1.44mi 3/3.0 2,278 (-3%) 9mo $600,000 $263 52
10383 Orchid Reserve Dr 0.89mi 2/2.0 (-1) 2,327 (-1%) 4mo $617,198 $265 51
10243 Orchid Reserve Dr 0.85mi 3/2.0 1,864 (-21%) 3mo $510,000 $274 33
10735 La Strada 1.03mi 2/2.0 (-1) 2,120 (-10%) 8mo $470,000 $222 33
7070 Tradition Cove Ln E 0.64mi 3/3.5 2,926 (+25%) 27mo $1,240,000 $424 23
9048 Lakes Blvd 1.02mi 3/3.0 2,841 (+21%) 26mo $1,338,100 $471 20
10923 Egret Pointe Ln 0.99mi 3/4.0 2,801 (+19%) 24mo $1,286,007 $459 16

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 · 3.85% rent growth · sell at horizon

5-year hold
IRR
-28.4%
Equity multiple
0.04×
Total profit
$-139,320
Equity at exit
$77,385
10-year hold
IRR
-23.1%
Equity multiple
-0.23×
Total profit
$-178,861
Equity at exit
$44,874

Cash invested: $145,320 (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.

ZIP-level market 33412

Home prices YoY
-18.2%
Rents YoY
3.9%
Active inventory
472
Price-to-rent
9.3×

Monthly cashflow live

Estimated rent
$4,659 medium interval (Pro) →
Mortgage (P&I)
$2,722
Tax est. 1.5%
$649 /mo · $7,785/yr
Insurance
$216
HOA
$1,035
Vacancy / Maint / Mgmt
$978
Net cashflow
$-941

Break-even live

Break-even rent $5,850
Max offer price $382,809
Occupancy floor

Sensitivity live

Price -10% $-583 -5% $-762 +0% $-941 +5% $-1,121 +10% $-1,300
Rent -10% $-1,309 -5% $-1,125 +0% $-941 +5% $-757 +10% $-573
Rate -1.0pp $-680 -0.5pp $-809 base $-941 +0.5pp $-1,076 +1.0pp $-1,212

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
$129,750
Closing costs
$15,570
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 20 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
8141 Sandpiper Way West Palm Beach, FL 3.0 2.0 1842 $10,500 $5.70 37d 1 0.43mi
8180 Sandpiper Way West Palm Beach, FL 2.0 2.0 1866 $12,500 $6.70 26d 1 0.50mi
8189 Sandpiper Way West Palm Beach, FL 3.0 2.5 1842 $10,500 $5.70 60d 1 0.52mi
8176 Quail Meadow Way West Palm Beach, FL 3.0 2.5 2146 $12,500 $5.82 73d 1 0.70mi
8161 Quail Meadow Way West Palm Beach, FL 3.0 2.0 1632 $11,000 $6.74 73d 1 0.70mi
8167 Quail Meadow Way West Palm Beach, FL 3.0 3.0 2146 $12,000 $5.59 42d 1 0.71mi
10365 Terra Lago Dr West Palm Beach, FL 3.0 2.5 2273 $13,250 $5.83 73d 1 0.72mi
8316 Quail Meadow Way West Palm Beach, FL 3.0 2.5 2118 $14,000 $6.61 68d 1 0.78mi
8307 Quail Meadow Way West Palm Beach, FL 3.0 2.5 2146 $18,250 $8.50 57d 1 0.80mi
8216 Heritage Club Dr West Palm Beach, FL 4.0 4.0 2556 $22,000 $8.61 73d 1 0.80mi
8232 Heritage Club Dr West Palm Beach, FL 3.0 2.5 2248 $16,500 $7.34 48d 1 0.80mi
8407 Quail Meadow Way West Palm Beach, FL 3.0 3.0 2047 $14,000 $6.84 73d 1 0.81mi
10156 Orchid Reserve Dr West Palm Beach, FL 3.0 2.0 1964 $16,000 $8.15 37d 1 0.85mi
8452 Legend Club Dr West Palm Beach, FL 3.0 2.5 2344 $15,000 $6.40 73d 1 0.85mi
8080 Sandhill Ct West Palm Beach, FL 3.0 3.0 2953 $14,000 $4.74 7d 1 0.94mi
8400 Heritage Club Dr West Palm Beach, FL 4.0 3.0 2535 $14,000 $5.52 73d 1 0.97mi
10685 La Strada Unit 10685 West Palm Beach, FL 2.0 2.0 2085 $12,000 $5.76 3d 1 1.01mi
8671 Falcon Green Dr West Palm Beach, FL 3.0 3.0 2471 $8,400 $3.40 73d 1 1.23mi
8992 Lakes Blvd West Palm Beach, FL 4.0 4.0 3157 $6,000 $1.90 73d 1 1.25mi
10732 Grande Blvd West Palm Beach, FL 3.0 2.5 2200 $10,975 $4.99 28d 1 1.48mi

Property features AI

Finance

Financial info
Community of 32 unitsPets allowed (restrictions and limits may apply)
HOA & community
Has association (Orchid Hammock Condominium Association; also The Club at Ibis POA)Quarterly association feesAssociation amenities include: clubhouse, fitness center, pool (including heated pool), management/manager on site, elevator(s), business center, library, sidewalks, street lights, jogging path, putting green, golf course access, bocce ball, basketball court, pickleball courts, dog park

Exterior

Parking
Attached 2-car garage with garage door openerDriveway; 2 covered parking spaces
Security
Gated community with guardSecurity patrolOwned security system
Utilities
Public waterPublic sewerThree-phase electricCable connectedElectricity availableSewer availableWater availableNatural gas not available
Home design
CondominiumOne-storyEntry foyerNorth-facing
Construction
Built with CBS construction materialsFlat and tile roofBlock foundationBuilder model: AlamandaCommunity: Orchid Hammock
Exterior features
Screened porchOpen porchCorner lotPrivate paved road frontageWaterfront: Yes (no specific waterfront features listed)

Interior

Kitchen
DisposalDishwasherMicrowaveRefrigerator
Bedrooms
Three bedrooms on the main level
Flooring
Ceramic tileLaminate
Bathrooms
Three full bathrooms (all on main level)
Heating & cooling
Central electric heatingCentral air conditioningCeiling fans
Interior features
Entrance foyerKitchen islandWalk-in closetsSplit bedroom layoutBlinds and sliding window treatments
Laundry & utility
Laundry room on main level (inside)

HOA detail $1,035/mo · $12,420/yr condo

Likely covers
security
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $519,000 Active 132 DOM
  2. 2026-08-06
    days on market $519,000 Active 130 DOM
  3. 2026-08-05
    days on market $519,000 Active 129 DOM
  4. 2026-08-03
    days on market $519,000 Active 127 DOM
  5. 2026-07-31
    days on market $519,000 Active 124 DOM
  6. 2026-07-24
    days on market $519,000 Active 117 DOM
  7. 2026-07-23
    days on market $519,000 Active 116 DOM
  8. 2026-07-22
    days on market $519,000 Active 115 DOM
  9. 2026-07-21
    days on market $519,000 Active 114 DOM
  10. 2026-07-20
    days on market $519,000 Active 113 DOM
  11. 2026-07-18
    days on market $519,000 Active 111 DOM
  12. 2026-07-18
    days on market $519,000 Active 110 DOM
  13. 2026-07-16
    days on market $519,000 Active 109 DOM
  14. 2026-07-15
    days on market $519,000 Active 108 DOM
  15. 2026-07-14
    days on market $519,000 Active 107 DOM
  16. 2026-07-13
    days on market $519,000 Active 106 DOM
  17. 2026-07-13
    days on market $519,000 Active 105 DOM
  18. 2026-07-12
    days on market $519,000 Active 104 DOM
  19. 2026-07-10
    days on market $519,000 Active 103 DOM
  20. 2026-07-09
    days on market $519,000 Active 102 DOM
  21. 2026-07-07
    days on market $519,000 Active 100 DOM
  22. 2026-07-06
    days on market $519,000 Active 99 DOM
  23. 2026-07-06
    days on market $519,000 Active 98 DOM
  24. 2026-07-05
    days on market $519,000 Active 97 DOM
  25. 2026-07-03
    days on market $519,000 Active 96 DOM
  26. 2026-07-02
    days on market $519,000 Active 95 DOM
  27. 2026-07-01
    days on market $519,000 Active 94 DOM
  28. 2026-06-30
    days on market $519,000 Active 93 DOM
  29. 2026-06-29
    days on market $519,000 Active 92 DOM
  30. 2026-06-28
    days on market $519,000 Active 91 DOM
  31. 2026-06-27
    days on market $519,000 Active 90 DOM
  32. 2026-06-26
    days on market $519,000 Active 89 DOM
  33. 2026-06-24
    days on market $519,000 Active 87 DOM
  34. 2026-06-22
    days on market $519,000 Active 85 DOM
  35. 2026-06-21
    days on market $519,000 Active 84 DOM
  36. 2026-06-18
    days on market $519,000 Active 81 DOM
  37. 2026-06-17
    days on market $519,000 Active 80 DOM
  38. 2026-06-16
    days on market $519,000 Active 79 DOM
  39. 2026-06-15
    days on market $519,000 Active 78 DOM
  40. 2026-06-13
    days on market $519,000 Active 76 DOM
  41. 2026-06-09
    days on market $519,000 Active 72 DOM
  42. 2026-06-08
    days on market $519,000 Active 71 DOM
  43. 2026-06-07
    days on market $519,000 Active 70 DOM
  44. 2026-06-04
    days on market $519,000 Active 67 DOM
  45. 2026-06-03
    days on market $519,000 Active 66 DOM
  46. 2026-06-02
    days on market $519,000 Active 65 DOM
  47. 2026-06-01
    days on market $519,000 Active 64 DOM
  48. 2026-05-31
    days on market $519,000 Active 63 DOM
  49. 2026-03-29
    listed $519,000 Active
  50. 2021-03-25
    soldstatus $280,000 Closed 347-char remark
    Show marketing remark (347 chars)

    PRESTINE HOME, LOCATED AT THE END OF A CUL DE SAC. THE BEST LAKE AND GOLF COURSE VIEW. HIGH CEILINGS, ENDLESS UPGRADES THRU -OUT. OVER SIZED LIVING ROOM, GRANITE COUNTER TOPS AND STAINLESS APPLIANCES. BEAUTIFUL TALL WOOD CABINETS. IBIS IS A PRIVATE, GATED, SECURE COMMUNITY. JUST MINUTES FROM SHOPPING. ENJOY A WORLD CLASS COUNTRY CLUB LIFE STYLE.

ⓘ 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 6/10 Major
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$55,906
− Mortgage interest
−$29,072
− Property taxes
−$7,785
− Insurance
−$2,595
− Repairs & maintenance
−$4,473
− Management
−$4,473
− HOA
−$12,420
− Depreciation
−$15,098
Taxable loss
−$20,009
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,802
After-tax cash flow
$-6,492/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 75/100 Cosmetic rehab Est. rehab $11,735–$35,205 screening

This spacious, low-maintenance condo offers a perfect blend of modern amenities and natural beauty, with excellent curb appeal and a well-maintained interior.

Value-add opportunities

  • Both painting — fresh paint enhances curb appeal and interior aesthetics
  • Both landscaping — pruning and adding new plants improves curb appeal and enhances property value
  • Both HVAC maintenance — ensures comfort and energy efficiency

ⓘ 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 61/100

Zoned Schools

Elementary Pierce Hammock Elementary School A- FL #320/2,144 Nat'l #3,228/41,679 Middle Western Pines Community Middle A- FL #99/571 Nat'l #1,236/14,009 High Seminole Ridge Community High School D- FL #220/667 Nat'l #6,672/17,239

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)
15,859
Household income
$130,225
Rent vs Own
14.3% rent · 85.7% own
Severe rent burden
16% 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
Predominantly White (72%)
Race & ethnicity
White 72% Black 11% Hispanic / Latino 11% Two or more races 8% Asian 3%
Hispanic origin (detail)
Puerto Rican 4% Cuban 2%
Common ancestry
Romanian 5% Lithuanian 4% German 2%
Foreign-born
16% · Canada, Jamaica, China
Languages at home
84% English-only · Spanish 5% French/Haitian/Cajun 5% 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

Price history

+0.0% since first listed
7 events — show timeline
  • 2026-03-29 Listed $519,000 Beaches MLS
  • 2021-03-25 Sold (MLS) $280,000 Beaches MLS
  • 2021-02-11 Contingent Beaches MLS
  • 2021-01-06 Price Changed $305,000 Beaches MLS
  • 2020-10-16 Listed $325,000 Beaches MLS
  • 2013-09-21 Listing Removed Beaches MLS
  • 2005-10-17 Listed $519,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…