3945 Diamond Chip Ct · Wellington, FL 33414

$815,000

5 bd · 2.5 ba · 3,014 sqft · SingleFamily public records · 60 Days on market

Built 1997 0.34 ac lot Est $1028k · 21% under $250/mo HOA · 3% of rent

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +12.7/30.0
• Schools +4.3/10.0
• 1% rule +4.1/10.0
• DSCR +3.8/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Grand Isles of Wellington with low HOA and stunning wide lakeview. In the heart of world-class equestrian. Near mall. 5 bedrooms, 3 full baths. Private pool screened on beautiful wide water lot. Storm protection shutters. Community clubhouse includes pool, spa, playground, tennis, pickleball, and basketball. Double-door entry, wide open hallway, split bedroom plan. Newer roof and AC in 2022. Propane generator. 3-car garage epoxy flooring, Mini split AC in garage. Paver driveway. Utility room with washer, dryer. Kitchen, granite countertops, breakfast bar, and stainless-steel appliances. Large master has tray ceiling with sliding doors leading to patio. Master bath has Roman tub, separate sh

Key facts

• Private pool
• Community clubhouse
• Newer roof

Tags

• WIDE LAKEVIEW
• PRIVATE POOL
• STORM PROTECTION SHUTTERS
• COMMUNITY CLUBHOUSE
• NEWER ROOF
• PROPANE GENERATOR

Property features AI

Finance

• Other: Pets allowed with restrictions and possible limits
• HOA & community: Part of Grand Isles community; HOA includes security and recreation facility; HOA amenities: clubhouse, fitness center, pool, spa/hot tub, tennis courts, pickleball courts, basketball court, playground, sidewalks; Monthly HOA fee

Exterior

• Parking: Attached 3-car garage; Three covered parking spaces; Garage with garage door opener; Paver block driveway
• Security: Gated community with guard
• Utilities: Public water; Public sewer; Sewer available; Water available
• Home design: Single-family residence; One story; Entry-level living area; Faces east
• Construction: Stucco and CBS construction; Concrete and tile roof; Built on slab foundation
• Exterior features: Covered patio; Screened patio; Screened porch; Porch; Deck; Patio; Chain link fencing; Fenced yard; Property on a cul-de-sac; Waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Five main-level bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: Three full bathrooms (all on main level); Cabana bath
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: High ceilings; Walk-in closets; Split bedroom layout; Cabana bath; Arched windows; Single-hung metal windows; Blinds
• Laundry & utility: Laundry closet with laundry tub; Interior laundry

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $815k.

Deal economics

• At list price, monthly cash flow is $-91 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $799k (2.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $739k (9.4% below list).
• Recommended offer: $739k (9.4% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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: crime A+, employment A+, housing 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.
• Zoned schools: Panther Run Elementary School (math 85% / reading 82%, grade A+, #60 of 2,144 statewide, top 3%, 787 students, 19% FRL); Polo Park Middle School (math 65% / reading 68%, grade A-, #84 of 571 statewide, top 16%, 1,156 students, 33% FRL); Palm Beach Central High School (math 42% / reading 55%, grade D, #198 of 667 statewide, top 30%, 2,980 students, 40% FRL) — zoned schools average 31% FRL vs 52% district-wide (21 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 66% at this address vs 50% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 616 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $7,386/mo this rent would consume 79% of the median local household income ($112k/yr) (locally 1566% 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 $6k of loan paydown is wiped out by about $24k 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 60 days — a 3% lower offer ($791k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $278k; list at $815k implies a 193% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $738,616 (9.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.91% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.48%
• DSCR: 0.98
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $1,027,774
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11115 Silver Ridge St	0.48mi	4/3.0 (-1)	2,578 (-14%)	14mo	$860,000	$334	35
10652 Versailles Blvd	0.58mi	4/3.5 (-1)	3,450 (+14%)	10mo	$1,175,000	$341	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-142,690
• Equity at exit: $121,519

10-year hold

• IRR: -11.4%
• Equity multiple: 0.34×
• Total profit: $-151,174
• Equity at exit: $70,466

Cash invested: $228,200 (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: 9.2×

Monthly cashflow live

• Estimated rent: $7,386 high
• Mortgage (P&I): −$4,274
• Tax from tax record: −$1,063 /mo · $12,756/yr
• Insurance: −$340
• HOA: −$250
• Vacancy / Maint / Mgmt: −$1,551
• Net cashflow: $-91

Break-even live

Break-even rent $7,502

Max offer price $798,847

Occupancy floor 96%

Sensitivity live

Price	-10% $370	-5% $139	+0% $-91	+5% $-322	+10% $-553
Rent	-10% $-675	-5% $-383	+0% $-91	+5% $200	+10% $492
Rate	-1.0pp $319	-0.5pp $116	base $-91	+0.5pp $-303	+1.0pp $-517

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: $203,750
• Closing costs: $24,450
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4018 Bluff Harbor Way Wellington, FL	4.0	2.5	2160	$4,300	$1.99	8d	1	0.17mi
3738 Old Lighthouse Cir Wellington, FL	5.0	3.5	2933	$8,500	$2.90	25d	1	0.25mi
11137 Grandview Mnr Wellington, FL	4.0	3.0	2194	$9,500	$4.33	17d	1	0.30mi
4209 Wellington Shores Dr Wellington, FL	5.0	3.0	3245	$5,500	$1.69	25d	1	0.34mi
4145 Bahia Isle Cir Wellington, FL	4.0	2.5	2442	$16,000	$6.55	0d	1	0.39mi
4190 Bahia Isle Cir Wellington, FL	5.0	3.0	2608	$5,500	$2.11	19d	1	0.43mi
11065 Stone Creek St Wellington, FL	4.0	2.5	2478	$4,500	$1.82	25d	1	0.44mi
11750 Osprey Point Cir Wellington, FL	5.0	3.0	3324	$6,800	$2.05	25d	1	0.68mi
4600 Mariners Cove Dr Wellington, FL	5.0	3.0	3375	$6,500	$1.93	25d	1	0.69mi
11910 Osprey Point Cir Wellington, FL	5.0	4.0	4450	$17,000	$3.82	25d	1	0.71mi
11910 Osprey Point Cir Wellington, FL	5.0	4.0	4450	$17,000	$3.82	12d	1	0.71mi
11836 Osprey Point Cir Wellington, FL	5.0	4.0	4293	$15,999	$3.73	6d	1	0.73mi
11615 Paradise Cove Ln Wellington, FL	5.0	4.0	4177	$12,000	$2.87	22d	1	0.75mi
11246 Maritime Ct Wellington, FL	5.0	3.0	3375	$6,000	$1.78	25d	1	0.75mi
11206 Maritime Ct Wellington, FL	5.0	3.0	3375	$5,250	$1.56	25d	1	0.76mi
4673 Island Reef Dr Wellington, FL	5.0	4.0	4177	$8,500	$2.03	25d	1	0.80mi
10731 Ivanhoe Ln Wellington, FL	4.0	2.5	2800	$8,500	$3.04	4d	1	0.81mi
12308 Equine Ln Wellington, FL	4.0	4.5	3740	$13,000	$3.48	25d	1	0.81mi
4693 Sugar Beach Way Wellington, FL	5.0	3.0	3280	$8,500	$2.59	25d	1	0.82mi
12442 Equine Ln Wellington, FL	6.0	4.5	4146	$20,000	$4.82	25d	1	0.82mi
10652 Ivanhoe Ln Wellington, FL	4.0	2.5	2746	$6,000	$2.18	25d	1	0.85mi
4621 Windward Cove Ln Wellington, FL	4.0	3.0	2821	$4,000	$1.42	25d	1	0.86mi
12465 World Cup Ln Wellington, FL	5.0	4.5	3740	$10,000	$2.67	25d	1	0.95mi
3424 Collonade Dr Wellington, FL	5.0	4.5	3428	$6,500	$1.90	25d	1	0.97mi
10415 Saint Germain Ct Wellington, FL	4.0	3.5	2469	$6,500	$2.63	22d	1	1.09mi
10415 Saint Germain Ct Wellington, FL	4.0	3.5	2469	$6,500	$2.63	3d	1	1.09mi
3501 Collonade Dr Wellington, FL	4.0	4.5	3581	$8,000	$2.23	6d	1	1.13mi
3425 Siena Cir Wellington, FL	4.0	3.5	3254	$6,500	$2.00	8d	1	1.29mi
3425 Siena Cir Wellington, FL	4.0	3.5	3254	$6,500	$2.00	22d	1	1.29mi
10426 Wellington Parc Dr Unit 1 Wellington, FL	4.0	2.5	2587	$3,650	$1.41	25d	1	1.30mi
10295 Trianon Pl Wellington, FL	5.0	3.0	3297	$6,600	$2.00	3d	1	1.32mi
2313 Golf Brook Dr Wellington, FL	4.0	5.5	4036	$25,000	$6.19	25d	1	1.40mi
2585 Sheltingham Dr Wellington, FL	4.0	5.5	3163	$9,000	$2.85	25d	1	1.41mi
2530 Windsor Way Ct Wellington, FL	4.0	5.5	3163	$9,500	$3.00	25d	1	1.43mi
2530 Windsor Way Ct Unit N/A Wellington, FL	4.0	5.5	3163	$15,000	$4.74	16d	1	1.43mi

HOA detail

• Monthly dues: $250 · $3,000/yr
• Likely covers: waterpool

Listing history 27 events

1. 2026-06-18
   days on market $815,000 Active 60 DOM
2. 2026-06-17
   days on market $815,000 Active 59 DOM
3. 2026-06-16
   days on market $815,000 Active 58 DOM
4. 2026-06-15
   days on market $815,000 Active 57 DOM
5. 2026-06-13
   days on market $815,000 Active 55 DOM
6. 2026-06-09
   days on market $815,000 Active 51 DOM
7. 2026-06-08
   days on market $815,000 Active 50 DOM
8. 2026-06-07
   days on market $815,000 Active 49 DOM
9. 2026-06-04
   days on market $815,000 Active 46 DOM
10. 2026-06-03
    days on market $815,000 Active 45 DOM
11. 2026-06-02
    days on market $815,000 Active 44 DOM
12. 2026-06-01
    days on market $815,000 Active 43 DOM
13. 2026-05-31
    days on market $815,000 Active 42 DOM
14. 2026-04-18
    listed $815,000 Active
15. 2026-04-16
    historical
16. 2026-04-07
    price $815,000
17. 2026-01-26
    price $820,000
18. 2025-10-16
    listed $835,000 Active
19. 2013-12-01
    historical
20. 2013-12-01
    historical
21. 2013-12-01
    historical
22. 2013-09-22
    historical
23. 2001-04-09
    soldstatus $278,000
24. 2001-01-15
    listed $284,900
25. 2001-01-15
    listed $284,900
26. 2000-07-18
    listed $284,900
27. 2000-07-17
    listed $284,900

ⓘ 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: $12,756 · $1,063/mo
• Projected year-2 tax: $12,756 · $1,063/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 9/10 Extreme 7 d/yr ≥107°F today · 25 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $88,634
• − Mortgage interest: −$45,653
• − Property taxes: −$12,756
• − Insurance: −$4,075
• − Repairs & maintenance: −$7,091
• − Management: −$7,091
• − HOA: −$3,000
• − Depreciation: −$23,709
• Taxable loss: −$14,740
• Est. tax savings @ 24.0%: +$3,538
• After-tax cash flow: $2,440/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

+186.1% since first listed

14 events — show timeline

• 2026-04-18 Listed $815,000 Beaches MLS
• 2026-04-16 Listing Removed — Beaches MLS
• 2026-04-07 Price Changed $815,000 Beaches MLS
• 2026-01-26 Price Changed $820,000 Beaches MLS
• 2025-10-16 Listed $835,000 Beaches MLS
• 2013-12-01 Listing Removed — Beaches MLS
• 2013-12-01 Listing Removed — Beaches MLS
• 2013-12-01 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2001-04-09 Sold (Public Records) $278,000 Public Records
• 2001-01-15 Listed $284,900 Beaches MLS
• 2001-01-15 Listed $284,900 Beaches MLS
• 2000-07-18 Listed $284,900 Beaches MLS
• 2000-07-17 Listed $284,900 Beaches MLS

Property tax history

+5.8%/yr

Latest (2025): $12,756 · +97.6% YoY. Source: county tax records.