For SaleGood Deal0 days on market
55 Tropic Isle Drive #37 U
55 Tropic Isle Drive #37 U, Delray Beach, FL 33483, Delray Beach, FL 33483
$277,000
Estimate®:$277,400$400 Under Market
Listing Price
55 Tropic Isle Drive #37 U, Delray Beach, FL 33483
Loc: Delray Beach, FL
Days Listed
0
Tax Assessed
$211k
Estimate®
$277k
0% Under Valued
Rent Estimate
$2,599/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.
6
Pine Grove Elementary School
PK-5
1.6 mi away
8
Boca Raton Community Middle School
6-8
5.2 mi away
6
Boca Raton Community High School
9-12
4.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
condominiumtwo-storystucco exteriortile roofbalconyoutdoor staircasepalm treescoastaltropical landscapingpatioresort-styleresidentialsuburban
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.27%
Total ROI
116.9%
Cash Flow
$242/mo
DSCR
1.17
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $242/mo net cash flow with a 7.3% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.3%)
- • Strong rental demand in Delray Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-25 | Price change | $277,000 | $308 |
| 2026-05-16 | Price change | $295,000 | $328 |
| 2025-12-23 | Listed for sale | $300,000 | $334 |
| 2018-06-25 | Sold | $215,000 | $239 |
| 2018-05-14 | Pending sale | $229,000 | $255 |
| 2018-04-20 | Price change | $229,000 | $255 |
| 2018-04-04 | Price change | $239,000 | $266 |
| 2018-02-12 | Price change | $249,000 | $277 |
| 2018-01-10 | Price change | $257,000 | $286 |
| 2017-12-23 | Price change | $268,000 | $298 |
| 2017-07-31 | Listed for sale | $279,000 | $310 |
| 2017-04-21 | Sold | $114,000 | $127 |
| 2017-02-24 | Pending sale | $149,000 | $166 |
| 2017-02-06 | Listed for sale | $149,000 | $166 |
| 1995-07-06 | Sold | $62,500 | $70 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,834 | $184,477 |
| 2024 | $3,519 | $167,706 |
| 2023 | $3,359 | $152,460 |
| 2022 | $3,113 | $138,600 |
| 2021 | $2,681 | $126,000 |
| 2020 | $2,601.16 | $121,000 |
| 2019 | $2,630.56 | $121,000 |
| 2018 | $2,630.56 | $98,000 |
| 2017 | $2,115.27 | $58,908 |
| 2016 | $716 | $57,696 |
| 2015 | $724.05 | $57,295 |
| 2014 | $751.18 | $56,840 |
| 2013 | $747.29 | $56,000 |
| 2012 | $785.3 | $59,000 |
| 2011 | $884.7 | $69,386 |
| 2010 | $875.24 | $68,361 |
| 2009 | $832.37 | $66,564 |
| 2008 | $760.33 | $66,497 |
| 2007 | $905.17 | $64,560 |
| 2006 | $947.86 | $62,985 |
| 2005 | $0 | $61,150 |
| 2004 | $511.08 | $59,369 |
| 2003 | $90.26 | $58,262 |
| 2002 | $858.17 | $56,896 |
| 2001 | $846.77 | $56,000 |
| 2000 | $1,367.82 | $53,000 |
| 1999 | $1,257.4 | $53,000 |
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