OFF_MARKETGood Deal7 days on market
616 Clearwater Park Rd #101
616 Clearwater Park Rd #101, West Palm Beach, FL 33401, West Palm Beach, FL 33401
616 Clearwater Park Rd #101, West Palm Beach, FL 33401
Loc: West Palm Beach, FL
Days Listed
7
Tax Assessed
$285k
Zestimate®
$396k
Market Rate
Rent Estimate
$3,204/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Roosevelt Elementary School
PK-5
1.3 mi away
5
Bear Lakes Middle School
6-8
3.3 mi away
2
Palm Beach Lakes High School
9-12
4.2 mi away
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit
Haven AI Verdict
Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
6.75%
Total ROI
23.4%
Cash Flow
$237/mo
DSCR
1.11
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Checking Access...
Haven AI
Analyzing property data...
Checking Access...
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-30 | Sold | $405,000 | $364 |
| 2026-07-13 | Pending sale | $419,900 | $378 |
| 2026-02-25 | Listed for sale | $419,900 | $378 |
| 2025-10-30 | Listing removed | $399,000 | $359 |
| 2025-07-25 | Listed for sale | $399,000 | $359 |
| 2025-03-09 | Listing removed | $3,250 | $3 |
| 2025-01-08 | Listed for rent | $3,250 | $3 |
| 2024-12-02 | Listing removed | $3,250 | $3 |
| 2024-11-22 | Listed for rent | $3,250 | $3 |
| 2024-11-06 | Listing removed | $3,250 | $3 |
| 2024-10-29 | Listed for rent | $3,250 | $3 |
| 2024-10-22 | Listing removed | $3,250 | $3 |
| 2024-10-09 | Listed for rent | $3,250 | $3 |
| 2024-10-02 | Listing removed | $3,250 | $3 |
| 2024-09-18 | Listed for rent | $3,250 | $3 |
| 2024-01-22 | Sold | $375,000 | $337 |
| 2023-07-31 | Listing removed | $0 | – |
| 2023-05-28 | Listing removed | $0 | – |
| 2023-05-18 | Price change | $385,000 | $346 |
| 2023-05-10 | Price change | $2,600 | $2 |
| 2023-05-03 | Price change | $395,000 | $355 |
| 2023-05-01 | Price change | $2,800 | $3 |
| 2023-04-25 | Listed for sale | $425,000 | $382 |
| 2020-09-23 | Listing removed | $199,000 | $179 |
| 2020-09-18 | Sold | $185,000 | $166 |
| 2020-08-17 | Listing removed | $1,725 | $2 |
| 2005-04-29 | Sold | $299,500 | $269 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,394 | $285,000 |
| 2024 | $5,884 | $265,000 |
| 2023 | $2,970 | $170,817 |
| 2022 | $4,123 | $169,400 |
| 2021 | $3,699 | $154,000 |
| 2020 | $3,732.43 | $154,000 |
| 2019 | $3,697.81 | $146,155 |
| 2018 | $3,697.81 | $145,000 |
| 2017 | $3,235.46 | $160,000 |
| 2016 | $3,160.25 | $109,808 |
| 2015 | $3,013.64 | $99,825 |
| 2014 | $2,633.18 | $90,750 |
| 2013 | $2,265.91 | $82,500 |
| 2012 | $1,971.29 | $75,000 |
| 2011 | $1,883.59 | $71,000 |
| 2010 | $1,934.94 | $72,000 |
| 2009 | $2,561.53 | $100,000 |
| 2008 | $3,125.96 | $130,000 |
| 2007 | $4,918.59 | $216,000 |
| 2006 | $6,218.97 | $250,000 |
| 2005 | $0 | $207,386 |
Institutional Underwriting Ledger
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Data Sources:MLS List Price: $419,900Rent Basis: Observed Comp Model ($3,204/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $210/mo
Haven ScoreRisky
2/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
5.79%
NOI: $24,292/yr
Cash-on-Cash Yield
-1.9%
On $96,577 invested
DSCR Ratio
0.93x
Negative debt coverage
5-Yr Leveraged ROI
+84.6%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.98% of basis)-$233/mo
Homeowner / Hazard Insurance-$210/mo
Vacancy Reserve (5% of rent)-$160/mo
Repairs & Maintenance (10% of rent)-$320/mo
Property Management (8% of rent)-$256/mo
Total Pure Operating Expenses-$1,180/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,204/mo
Less: Operating Expenses-$1,180/mo
Net Operating Income (NOI)+$2,024/mo
Less: Debt Service (30yr @ 6.75%)-$2,179/mo
Net Cash Flow
$-154/mo
$-1,853/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
Similar Properties Nearby
Explore other investment opportunities in West Palm Beach.