1727 Village Blvd #102 · West Palm Beach, FL 33409

$185,000

2 bd · 2.0 ba · 1,108 sqft · Condo public records · 167 Days on market

Built 1994 $695/mo HOA · 23% of rent ↓ 15% 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).

• Cash flow +21.5/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This beautifully maintained 1st-floor unit offers a modern, open layout with tile flooring in the living area and stainless steel appliances in the kitchen. Convenient in-unit washer and dryer included. Located in a sought-after, gated community, the condo offers fantastic amenities, including a large pool, whirlpool, gym, indoor racquetball court, sand volleyball, play area, and picnic areas with grills. Whether you're looking for a comfortable place to live or a great rental investment, this unit is perfect for both. Enjoy the best of community living and excellent location. Don’t miss out on this opportunity!----------UNIT RENTED TILL 6/30/2026, PAYS $2,000.00 PER MONTH - TENANT CA

Key facts

• Gated community
• Open layout
• Tile flooring

Tags

• 1ST-FLOOR UNIT
• OPEN LAYOUT
• TILE FLOORING
• STAINLESS STEEL APPLIANCES
• IN-UNIT WASHER AND DRYER
• GATED COMMUNITY

Property features AI

Finance

• Financial info: Pets allowed with size limit (maximum 20 lbs)
• HOA & community: Monthly association fee of $695; Association covers sewer, security, trash and water

Exterior

• Parking: One parking space
• Home design: 3 stories; Entry on level 1; Entry location on level 1
• Construction: Block construction; Resale property
• Exterior features: Property is attached

Interior

• Kitchen: Dishwasher; Refrigerator
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Other
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $185k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.8% in West Palm Beach — 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 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: Seminole Trails Elementary School (math 26% / reading 36%, grade F, #1,854 of 2,144 statewide, top 87%, 650 students, 73% 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 72% FRL vs 52% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 50% district-wide (-23 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 (-0.1%/yr); 194 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $3,028/mo this rent would consume 54% of the median local household income ($67k/yr) (locally 1333% 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 $1k of loan paydown is wiped out by about $6k 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 167 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $38k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 167 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. 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?
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: 1.64% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.43%
• DSCR: 1.29
• GRM: 5.1

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: -11.5%
• Equity multiple: 0.60×
• Total profit: $-20,604
• Equity at exit: $27,584

10-year hold

• IRR: -11.1%
• Equity multiple: 0.48×
• Total profit: $-27,185
• Equity at exit: $15,995

Cash invested: $51,800 (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 33409

• Home prices YoY: -25.6%
• Rents YoY: -0.1%
• Active inventory: 194
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $3,028 high
• Mortgage (P&I): −$970
• Tax from tax record: −$372 /mo · $4,463/yr
• Insurance: −$77
• HOA: −$695
• Vacancy / Maint / Mgmt: −$636
• Net cashflow: $278

Break-even live

Break-even rent $2,676

Max offer price $185,000

Occupancy floor 86%

Sensitivity live

Price	-10% $382	-5% $330	+0% $278	+5% $225	+10% $173
Rent	-10% $39	-5% $158	+0% $278	+5% $397	+10% $517
Rate	-1.0pp $371	-0.5pp $325	base $278	+0.5pp $230	+1.0pp $181

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1211 Pine Sage Cir West Palm Beach, FL	3.0	2.0	1367	$3,200	$2.34	7d	1	0.51mi
1979 Brandywine Rd Unit 1979-108 West Palm Beach, FL	3.0	2.0	1395	$3,205	$2.30	26d	1	0.53mi
1912 Stratford Way West Palm Beach, FL	2.0	2.5	1350	$3,000	$2.22	26d	1	0.56mi
2425 Presidential Way West Palm Beach, FL	2.0	2.0	1294	$4,500	$3.48	26d	1	1.01mi
4400 Portofino Way West Palm Beach, FL	1.0–3.0	1.0–2.0	1222	$2,528	$2.07	19d	60	1.03mi
2400 Presidential Way #1906 West Palm Beach, FL	1.0	2.0	1294	$3,000	$2.32	26d	1	1.08mi
4385 Willow Brook Cir West Palm Beach, FL	3.0	2.0	1468	$3,200	$2.18	24d	1	1.09mi
1991 Presidential Way West Palm Beach, FL	1.0	1.0	827	$3,427	$4.14	9d	1	1.09mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	18d	1	1.09mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	26d	1	1.10mi
290 Courtney Lakes Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1069	$2,705	$2.53	21d	19	1.35mi

HOA detail condo

• Monthly dues: $695 · $8,340/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 43 events

1. 2026-06-21
   pricedays on market $185,000 Active 167 DOM
2. 2026-06-18
   days on market $194,000 Active 164 DOM
3. 2026-06-17
   days on market $194,000 Active 163 DOM
4. 2026-06-16
   days on market $194,000 Active 162 DOM
5. 2026-06-15
   days on market $194,000 Active 161 DOM
6. 2026-06-13
   days on market $194,000 Active 159 DOM
7. 2026-06-09
   days on market $194,000 Active 155 DOM
8. 2026-06-07
   days on market $194,000 Active 153 DOM
9. 2026-06-04
   days on market $194,000 Active 150 DOM
10. 2026-06-03
    days on market $194,000 Active 149 DOM
11. 2026-06-01
    days on market $194,000 Active 147 DOM
12. 2026-05-31
    days on market $194,000 Active 146 DOM
13. 2026-05-15
    price $194,000
14. 2026-03-04
    price $198,000
15. 2026-02-26
    price $215,000
16. 2026-02-09
    price $197,900
17. 2026-01-07
    price $215,000
18. 2026-01-05
    listed $222,500 Active
19. 2026-01-05
    historical
20. 2025-11-04
    price $222,500
21. 2025-09-22
    listed $225,000 Active
22. 2025-07-28
    historical
23. 2025-01-28
    listed $225,000 Active
24. 2024-06-10
    historical $2,000
25. 2024-06-01
    listed $2,000
26. 2024-06-01
    historical $2,000
27. 2024-05-10
    price $2,000
28. 2024-04-11
    listed $2,100
29. 2022-05-02
    soldstatus $175,000
30. 2020-03-16
    soldstatus $120,000
31. 2017-05-11
    soldstatus $115,000
32. 2013-02-27
    soldstatus $93,000
33. 2012-11-13
    soldstatus $77,900
34. 2012-11-13
    soldstatus $77,900
35. 2012-11-01
    historical
36. 2012-10-18
    listed $77,900
37. 2012-10-05
    historical
38. 2012-07-24
    listed $79,900
39. 2010-05-21
    soldstatus $57,000
40. 2010-03-08
    historical
41. 2010-02-23
    listed $56,050
42. 2007-12-04
    historical
43. 2007-01-12
    listed $229,000

ⓘ 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: $4,463 · $372/mo
• Projected year-2 tax: $4,463 · $372/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 · 24 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

Taxation est. · year 1

• Rental income: $36,333
• − Mortgage interest: −$10,363
• − Property taxes: −$4,463
• − Insurance: −$925
• − Repairs & maintenance: −$2,907
• − Management: −$2,907
• − HOA: −$8,340
• − Depreciation: −$5,382
• Taxable income: $1,046
• Est. tax owed @ 24.0%: −$251
• After-tax cash flow: $3,081/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 — 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 · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,489
• Household income: $67,073
• Rent vs Own: 55.3% rent · 44.7% own
• Severe rent burden: 1333.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 36% Black 31% White 27% Two or more races 21% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 8% Dominican 1%
• Common ancestry: Hispanic 8% Romanian 1% Lithuanian 1%
• Foreign-born: 34% · Canada, Jamaica
• Languages at home: 55% English-only · Spanish 30% French/Haitian/Cajun 10% Other Indo-European 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: ▼ -128.54%
• Current HPI: 374.2506
• Rent YoY: ▼ -0.15%
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-15.3% since first listed

31 events — show timeline

• 2026-05-15 Price Changed $194,000 MARMLS
• 2026-03-04 Price Changed $198,000 MARMLS
• 2026-02-26 Price Changed $215,000 MARMLS
• 2026-02-09 Price Changed $197,900 MARMLS
• 2026-01-07 Price Changed $215,000 MARMLS
• 2026-01-05 Listing Removed — MARMLS
• 2026-01-05 Listed $222,500 MARMLS
• 2025-11-04 Price Changed $222,500 MARMLS
• 2025-09-22 Listed $225,000 MARMLS
• 2025-07-28 Listing Removed — MARMLS
• 2025-01-28 Listed $225,000 MARMLS
• 2024-06-10 Rental Removed $2,000 GFLMLS
• 2024-06-01 Listed for Rent $2,000 GFLMLS
• 2024-06-01 Rental Removed $2,000 GFLMLS
• 2024-05-10 Price Changed $2,000 GFLMLS
• 2024-04-11 Listed for Rent $2,100 GFLMLS
• 2022-05-02 Sold (Public Records) $175,000 Public Records
• 2020-03-16 Sold (Public Records) $120,000 Public Records
• 2017-05-11 Sold (Public Records) $115,000 Public Records
• 2013-02-27 Sold (Public Records) $93,000 Public Records
• 2012-11-13 Sold (Public Records) $77,900 Public Records
• 2012-11-13 Sold (MLS) $77,900 Beaches MLS
• 2012-11-01 Listing Removed — Beaches MLS
• 2012-10-18 Listed $77,900 Beaches MLS
• 2012-10-05 Listing Removed — Beaches MLS
• 2012-07-24 Listed $79,900 Beaches MLS
• 2010-05-21 Sold (MLS) $57,000 Beaches MLS
• 2010-03-08 Listing Removed — Beaches MLS
• 2010-02-23 Listed $56,050 Beaches MLS
• 2007-12-04 Listing Removed — Beaches MLS
• 2007-01-12 Listed $229,000 Beaches MLS

Property tax history

+8.7%/yr

Latest (2025): $4,463 · +2.8% YoY. Source: county tax records.