26.1 · Below Average

1503 Palm Beach Trace Dr Unit 1503 Unit 1503

Royal Palm Beach · Palm Beach County · FL 33411

condo days on market

Property Details

List Price$225,000

Bedrooms2

Bathrooms2

Living Area1,201 sqft

Lot Size—

Year Built1991

Listed2026-05-03

Est. Monthly Rent$1,913/mo

Est. Cap Rate10.20%

Gross Rent Multiplier9.8

INVESTORS WELCOME!! Very well maintained First Floor unit. Freshly painted. Brand new AC installed March 2026. New lighting and faucet fixtures.

Source: realtor.com · ID: palm-beach-realtor-6858707275 · Last seen: 5/3/2026

Composite score:26.1/ 100

Each factor is normalized 0–100 within its county (percentile rank). Contributions show how many points each factor added to the composite score.

Cap Rate(weight 35%)

44.0contributes +15.4 pts

Estimated annual rent yield relative to list price, normalized within county.

Population Growth(weight 20%)

16.0contributes +3.2 pts

Zip-level YoY population growth from Census ACS estimates.

Employment Growth(weight 15%)

50.0contributes +7.5 pts

Metro-level employment and wage growth from BLS QCEW data.

Price Trend(weight 15%)

0.0contributes +0.0 pts

Zip-level YoY median sale price change from Redfin Data Center.

Flood Penalty(weight 15%)

0.0contributes +0.0 pts

FEMA NFHL flood zone severity. Lower is better (0 = no risk, 100 = high risk).

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