11924 Sturbridge Ln · Wellington, FL 33414

$219,000

3 bd · 2.0 ba · 1,048 sqft · Other public records

Built 1991 ↓ 3% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure, This is a 3 bedroom, 2 bath, single story home that needs to be renovated. That is the reason that it is priced at 219k.

Key facts

• Built 1991

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $219k.

Deal economics

• At list price, monthly cash flow is $860 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $219k).
• Cap rate 11.0% vs local median 3.4% in Wellington — 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 73/100 on livability (#294 in FL, #4,986 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, cost of living 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.
• Market conditions: Rents rising (+2.3%/yr); 616 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $61k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 11.01%
• Cash-on-cash: 16.83%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.31% rent growth · sell at horizon

5-year hold

• IRR: 7.3%
• Equity multiple: 1.28×
• Total profit: $17,300
• Equity at exit: $32,654

10-year hold

• IRR: 16.0%
• Equity multiple: 2.26×
• Total profit: $77,555
• Equity at exit: $18,935

Cash invested: $61,320 (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.

Methodology + full state rankings →

ZIP-level market 33414

• Home prices YoY: -30.2%
• Rents YoY: 2.3%
• Active inventory: 616
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,791 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$105 /mo · $1,264/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$586
• Net cashflow: $860

Break-even live

Break-even rent $1,703

Max offer price $219,000

Occupancy floor 64%

Sensitivity live

Price	-10% $984	-5% $922	+0% $860	+5% $798	+10% $736
Rent	-10% $639	-5% $750	+0% $860	+5% $970	+10% $1,080
Rate	-1.0pp $970	-0.5pp $916	base $860	+0.5pp $803	+1.0pp $746

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11937 Sturbridge Ln Wellington, FL	3.0	2.0	1156	$2,000	$1.73	25d	1	0.01mi
11890 Sturbridge Ln Wellington, FL	2.0	2.0	997	$1,795	$1.80	8d	1	0.06mi
11883 Sturbridge Ln Unit 11883 Wellington, FL	2.0	2.0	1000	$2,300	$2.30	25d	1	0.06mi
1453 White Pine Dr Wellington, FL	2.0	2.0	1492	$2,900	$1.94	8d	1	0.08mi
1437 White Pine Dr Wellington, FL	2.0	2.0	1172	$2,300	$1.96	8d	1	0.09mi
1403 White Pine Dr Wellington, FL	2.0	2.0	1444	$2,400	$1.66	8d	1	0.11mi
1348 The 12th Fairway Wellington, FL	2.0	2.0	1444	$2,800	$1.94	25d	1	0.13mi
1382 Birkdale Dr Unit 1388 Wellington, FL	2.0	2.0	980	$2,200	$2.24	0d	1	0.15mi
11862 Brier Patch Ct E Wellington, FL	3.0	2.5	1320	$3,500	$2.65	25d	1	0.18mi
11830 Brier Patch Ct E Wellington, FL	3.0	2.5	1496	$2,750	$1.84	25d	1	0.20mi
1665 Cabot Ln Unit A4 Wellington, FL	2.0	2.0	1315	$2,500	$1.90	17d	1	0.35mi
1665 Cabot Ln Unit A3 Wellington, FL	2.0	2.0	1315	$2,500	$1.90	25d	1	0.35mi
1174 The 12th Fairway Unit 1174 Wellington, FL	3.0	2.0	1220	$3,000	$2.46	25d	1	0.36mi
12781 Peconic Ct Wellington, FL	2.0	2.0	1005	$1,950	$1.94	3d	1	0.39mi
12738 Peconic Ct Wellington, FL	3.0	2.5	1428	$2,800	$1.96	17d	1	0.40mi
12722 Peconic Ct Wellington, FL	2.0	2.5	1482	$2,150	$1.45	15d	1	0.41mi
1112 White Pine Dr Unit 1116 Wellington, FL	3.0	2.5	1483	$3,250	$2.19	25d	1	0.41mi
12393 Peconic Ct Unit 12393 Wellington, FL	2.0	2.0	1000	$2,500	$2.50	19d	1	0.49mi
1379 Pinetta Cir Wellington, FL	3.0	2.0	1452	$3,350	$2.31	25d	1	0.49mi
12661 Westhampton Cir Wellington, FL	2.0	2.0	1280	$2,500	$1.95	25d	1	0.50mi
1425 Riverside Cir Wellington, FL	2.0	2.0	1024	$2,500	$2.44	25d	1	0.52mi
12420 Peconic Ct Unit 12424 Wellington, FL	3.0	2.0	1100	$2,600	$2.36	25d	1	0.52mi
12420 Peconic Ct Unit 12424 Wellington, FL	3.0	2.0	1100	$2,600	$2.36	22d	1	0.52mi
1313 Pinetta Cir Wellington, FL	3.0	2.0	1469	$3,700	$2.52	15d	1	0.53mi
11770 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1403	$3,500	$2.49	22d	5	0.56mi
11770 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1403	$3,500	$2.49	8d	4	0.56mi
1392 Riverside Cir Unit 1392 Wellington, FL	2.0	2.0	1255	$2,500	$1.99	25d	1	0.56mi
1392 Riverside Cir Unit 1394 Wellington, FL	3.0	2.0	1500	$3,000	$2.00	25d	1	0.56mi
11780 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1403	$2,800	$2.00	8d	3	0.56mi
11780 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1482	$2,800	$1.89	25d	3	0.56mi
11790 Saint Andrews Pl #302 Wellington, FL	3.0	2.0	1479	$2,780	$1.88	5d	1	0.57mi
11790 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1405	$2,950	$2.10	17d	3	0.58mi
11790 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1405	$2,780	$1.98	4d	2	0.58mi
11750 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1351	$2,700	$2.00	25d	2	0.59mi
11750 Saint Andrews Pl Wellington, FL	2.0–3.0	2.0	1351	$2,700	$2.00	24d	2	0.59mi
12574 Westhampton Cir Unit I Wellington, FL	3.0	2.5	1408	$3,000	$2.13	3d	1	0.59mi
11771 Saint Andrews Pl #104 Wellington, FL	2.0	2.5	1401	$2,700	$1.93	4d	1	0.59mi
11771 Saint Andrews Pl #101 Wellington, FL	2.0	2.5	1401	$6,800	$4.85	21d	1	0.59mi
11775 Saint Andrews Pl #103 Wellington, FL	2.0	2.5	1427	$5,500	$3.85	2d	1	0.59mi
11789 Saint Andrews Pl #103 Wellington, FL	2.0	2.5	1427	$2,800	$1.96	25d	1	0.60mi

Listing history 2 events

1. 2026-05-26
   listed $219,000
2. 1990-04-30
   soldstatus $225,000

ⓘ 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: $1,264 · $105/mo
• Projected year-2 tax: $1,818 · $151/mo
• Expected delta: +$554/yr (+$46/mo · 43.8%)

ⓘ 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 ≥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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,494
• − Mortgage interest: −$12,267
• − Property taxes: −$1,264
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,680
• − Management: −$2,680
• − Depreciation: −$6,371
• Taxable income: $7,138
• Est. tax owed @ 24.0%: −$1,713
• After-tax cash flow: $8,607/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 — Wellington

• Score: 73/100
• State rank: #294
• US rank: #4986

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellington, FL
• County: Palm Beach County · 1,438,312 people
• City population: 60,184
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 60,184
• Household income: $112,241
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 1566.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 47% Hispanic / Latino 29% Two or more races 20% Black 13% Asian 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 6% Dominican 1% Salvadoran 1%
• Common ancestry: Hispanic 4% Romanian 3% Lithuanian 2%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 67% English-only · Spanish 23% French/Haitian/Cajun 3% Other Indo-European 3%

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: ▼ -152.58%
• Current HPI: 352.9366
• Rent YoY: ▲ 2.31%
• 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

-2.7% since first listed

2 events — show timeline

• 2026-05-26 Listed $219,000 FSBO.com
• 1990-04-30 Sold (Public Records) $225,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,264 · +4.0% YoY. Source: county tax records.