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432 Bennington Ln #432
C- Composite 54.76
Why this score? — see what drove the C- 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 +15.4/30.0
  • ARV discount +15.0/15.0
  • 1% rule +6.9/10.0
  • DSCR +4.9/10.0
  • Schools +3.9/10.0
  • Condition / age +3.8/5.0
  • Livability +2.5/5.0
  • Rent growth +2.4/5.0
  • Appreciation +0.0/10.0

$150,000

432 Bennington Ln #432 · Lake Worth Beach, FL 33467
2 bd · 2.0 ba · 941 sqft · SingleFamily · 139 Days on market
55+ age-restricted Built 1983 Good condition $159/sqft · 23% below area Est $195k · 23% under $525/mo HOA · 25% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Well-maintained unit featuring an enclosed porch with glass sliding doors, light 16” ceramic tile flooring throughout, newer A/C, washer and dryer, accordion shutters and a 6-year-old roof. Property is in move-in condition. Please note this is a 55+ community.

Key facts

  • Accordion shutters
  • Newer a/c
  • Move-in condition

Tags

ENCLOSED PORCHCERAMIC TILE FLOORINGNEWER A/CACCORDION SHUTTERS6-YEAR-OLD ROOFMOVE-IN CONDITION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath single-family listed at $150k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $68 ($822/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $150k).
  • Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
  • Cap rate 6.8% vs local median 3.7% in Lake Worth Beach — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
  • 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: Liberty Park Elementary School (math 25% / reading 38%, grade F, #1,841 of 2,144 statewide, top 86%, 845 students, 76% FRL); Okeeheelee Middle School (math 34% / reading 40%, grade F, #399 of 571 statewide, top 71%, 1,377 students, 68% FRL); Palm Beach Central High School (math 42% / reading 55%, grade D, #198 of 667 statewide, top 30%, 2,980 students, 40% FRL).
  • Market conditions: Rents soft (-0.4%/yr); 905 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $1k of loan paydown is wiped out by about $4k 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 139 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 25y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $55k; list at $150k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: HOA is 25% of rent.
  • 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 $132,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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.
  6. 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.
  7. 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
1.38%
Cap rate
6.84%
Cash-on-cash
1.96%
DSCR
1.09
GRM
6.1

CMA / ARV

ARV (median comp)
$195,000
List price
$150,000
Delta
-23.08%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
393 Bennington Ln #393 0.14mi 2/2.0 941 (0%) 2mo $185,000 $197 92
123 Amherst Ln #123 0.11mi 2/1.0 960 (+2%) 2mo $137,694 $143 86
647 Marlboro Oval 0.27mi 2/2.0 941 (0%) 2mo $205,000 $218 86
290 Cape Cod Cir 0.29mi 2/2.0 941 (0%) 3mo $100,000 $106 84
788 Nantucket Cir 0.31mi 2/2.0 941 (0%) 3mo $125,000 $133 83
127 Amherst Ln #127 0.14mi 1/1.5 (-1) 1,024 (+9%) 2mo $100,000 $98 70
3616 Fern Brook Trl Unit A 0.75mi 2/2.0 950 (+1%) 5mo $230,000 $242 59

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-18.1%
Equity multiple
0.39×
Total profit
$-25,638
Equity at exit
$22,365
10-year hold
IRR
-22.9%
Equity multiple
0.08×
Total profit
$-38,641
Equity at exit
$12,969

Cash invested: $42,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
12 active · 18 under contract
Months of supply
6.5 mo (15%/mo absorbed)
Median asking
$234,950 ($209/sqft)
Median days on market
51 d
This list price
8% of active listings are priced below it
ARV vs active asking
-0.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33467

Rents YoY
-0.4%
Active inventory
905
Price-to-rent
6.1×

Monthly cashflow live

Estimated rent
$2,063 high interval (Pro) →
Mortgage (P&I)
$787
Tax est. 1.5%
$188 /mo · $2,250/yr
Insurance
$62
HOA
$525
Vacancy / Maint / Mgmt
$433
Net cashflow
$68

Break-even live

Break-even rent $1,977
Max offer price $150,000
Occupancy floor 92%

Sensitivity live

Price -10% $172 -5% $120 +0% $68 +5% $17 +10% $-35
Rent -10% $-95 -5% $-13 +0% $68 +5% $150 +10% $231
Rate -1.0pp $144 -0.5pp $107 base $68 +0.5pp $30 +1.0pp $-10

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
$37,500
Closing costs
$4,500
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
386 Bennington Ln Lake Worth, FL 2.0 2.0 941 $2,000 $2.13 110d 1 0.11mi
192 Cape Cod Cir Lake Worth, FL 1.0 1.5 902 $1,850 $2.05 39d 1 0.13mi
192 Cape Cod Cir Lake Worth, FL 1.0 1.5 902 $1,850 $2.05 120d 1 0.13mi
3597 Birdie Dr #203 Lake Worth, FL 1.0 1.5 824 $2,150 $2.61 70d 1 0.14mi
214 Down East Ln Lake Worth, FL 1.0 1.0 790 $1,750 $2.22 51d 1 0.19mi
3593 Birdie Dr #103 Lake Worth, FL 1.0 1.5 824 $1,475 $1.79 51d 1 0.20mi
3755 Via Poinciana #304 Lake Worth, FL 2.0 2.0 1103 $2,000 $1.81 120d 1 0.22mi
315 Cape Cod Cir Unit B Lake Worth, FL 1.0 1.5 1024 $1,600 $1.56 63d 1 0.22mi
772 Nantucket Cir Unit B Lake Worth, FL 2.0 2.0 1088 $2,100 $1.93 26d 1 0.23mi
245 Down East Ln Unit B Lake Worth, FL 2.0 2.0 941 $1,900 $2.02 120d 1 0.23mi
270 Cape Cod Cir Unit B Lake Worth, FL 2.0 2.0 941 $2,025 $2.15 11d 1 0.26mi
3661 Via Poinciana #407 Lake Worth, FL 1.0 1.5 986 $1,650 $1.67 47d 1 0.27mi
3661 Via Poinciana #513 Lake Worth, FL 1.0 1.5 969 $1,900 $1.96 0d 1 0.27mi
3661 Via Poinciana #616 Lake Worth, FL 2.0 2.0 1103 $2,000 $1.81 118d 1 0.27mi
3661 Via Poinciana #113 Lake Worth, FL 1.0 1.5 986 $1,800 $1.83 0d 1 0.27mi
3661 Via Poinciana #616 Lake Worth, FL 2.0 2.0 1103 $2,000 $1.81 109d 1 0.27mi
711 Laconia Cir Unit B Lake Worth, FL 2.0 2.0 1088 $2,100 $1.93 11d 1 0.29mi
733 Nantucket Cir Lake Worth, FL 2.0 2.0 941 $2,300 $2.44 12d 1 0.31mi
845 Salem Ln Lake Worth, FL 2.0 2.0 1024 $1,850 $1.81 120d 1 0.35mi
845 Salem Ln Lake Worth, FL 2.0 2.0 1024 $1,850 $1.81 39d 1 0.35mi
3810 Via Poinciana #404 Lake Worth, FL 2.0 2.0 1114 $1,900 $1.71 103d 1 0.36mi
3590 Via Poinciana #202 Lake Worth, FL 2.0 2.0 1114 $1,800 $1.62 28d 1 0.38mi
3590 Via Poinciana #510 Lake Worth, FL 1.0 1.5 849 $1,650 $1.94 62d 1 0.38mi
3590 Via Poinciana #510 Lake Worth, FL 1.0 1.5 849 $1,650 $1.94 39d 1 0.38mi
3590 Via Poinciana #510 Lake Worth, FL 1.0 1.5 849 $1,600 $1.88 83d 1 0.38mi
3425 Via Poinciana #201 Lake Worth, FL 2.0 2.0 1034 $2,300 $2.22 54d 1 0.42mi
4070 Tivoli Ct #307 Lake Worth, FL 2.0 2.0 939 $1,750 $1.86 116d 1 0.45mi
4070 Tivoli Ct #307 Lake Worth, FL 2.0 2.0 939 $1,675 $1.78 101d 1 0.45mi
4070 Tivoli Ct Unit 307 Greenacres, FL 2.0 2.0 939 $1,800 $1.92 1d 1 0.45mi
687 Marlboro Oval Unit A Lake Worth, FL 2.0 2.0 1088 $1,800 $1.65 40d 1 0.46mi
4373 Trevi Ct Lake Worth, FL 2.0 1.5 1080 $2,500 $2.31 113d 1 0.49mi
4373 Trevi Ct Lake Worth, FL 2.0 1.5 1080 $2,000 $1.85 36d 1 0.49mi
4381 Trevi Ct #206 Lake Worth, FL 2.0 2.0 1005 $2,150 $2.14 57d 1 0.53mi
4363 Trevi Ct #203 Lake Worth, FL 1.0 1.5 761 $1,650 $2.17 120d 1 0.54mi
3212 Strawflower Way Lake Worth, FL 2.0 2.0 1017 $2,000 $1.97 113d 2 0.60mi
3212 Strawflower Way #207 Lake Worth, FL 2.0 2.0 1017 $1,850 $1.82 120d 1 0.60mi
3212 Strawflower Way #207 Lake Worth, FL 2.0 2.0 1017 $1,800 $1.77 18d 1 0.60mi
3212 Strawflower Way Greenacres, FL 2.0 2.0 1017 $2,200 $2.16 106d 1 0.60mi
4120 Tivoli Ct #305 Lake Worth, FL 1.0 1.0 704 $1,750 $2.49 120d 1 0.61mi
4100 Tivoli Ct #104 Lake Worth, FL 1.0 1.0 780 $1,400 $1.79 62d 1 0.62mi

Property features AI

Finance

Other
Pets allowed with possible restrictions
HOA & community
Monthly association feeAssociation amenities include clubhouse and poolAssociation covers amenities, common areas, cable TV, pest control, pool(s), sewer, trash and waterSenior community

Exterior

Parking
Guest parking
Utilities
Cable available
Home design
One-story propertyEast-facingGround-level entryAttached property
Construction
Block constructionResale property
Exterior features
PatioAssociation pool

Interior

Kitchen
DishwasherElectric rangeMicrowaveGarbage disposal
Flooring
HardwoodWoodTile
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (electric)Central air conditioning (electric)
Interior features
First-floor entryBedroom on main level
Laundry & utility
WasherDryerElectric water heater

Listing history 50 events

  1. 2026-09-23
    days on market $150,000 Active 139 DOM
  2. 2026-09-22
    days on market $150,000 Active 138 DOM
  3. 2026-09-21
    days on market $150,000 Active 137 DOM
  4. 2026-09-20
    days on market $150,000 Active 136 DOM
  5. 2026-09-18
    days on market $150,000 Active 134 DOM
  6. 2026-09-17
    days on market $150,000 Active 133 DOM
  7. 2026-09-16
    days on market $150,000 Active 132 DOM
  8. 2026-09-15
    days on market $150,000 Active 131 DOM
  9. 2026-09-13
    days on market $150,000 Active 129 DOM
  10. 2026-09-12
    days on market $150,000 Active 128 DOM
  11. 2026-09-11
    days on market $150,000 Active 127 DOM
  12. 2026-09-05
    days on market $150,000 Active 121 DOM
  13. 2026-09-04
    days on market $150,000 Active 120 DOM
  14. 2026-09-03
    days on market $150,000 Active 119 DOM
  15. 2026-08-31
    days on market $150,000 Active 116 DOM
  16. 2026-08-29
    days on market $150,000 Active 114 DOM
  17. 2026-08-28
    days on market $150,000 Active 113 DOM
  18. 2026-08-27
    days on market $150,000 Active 112 DOM
  19. 2026-08-25
    days on market $150,000 Active 110 DOM
  20. 2026-08-24
    days on market $150,000 Active 109 DOM
  21. 2026-08-23
    days on market $150,000 Active 108 DOM
  22. 2026-08-22
    days on market $150,000 Active 107 DOM
  23. 2026-08-21
    days on market $150,000 Active 106 DOM
  24. 2026-08-20
    days on market $150,000 Active 105 DOM
  25. 2026-08-19
    days on market $150,000 Active 104 DOM
  26. 2026-08-18
    days on market $150,000 Active 103 DOM
  27. 2026-08-17
    days on market $150,000 Active 102 DOM
  28. 2026-08-16
    days on market $150,000 Active 101 DOM
  29. 2026-08-15
    days on market $150,000 Active 100 DOM
  30. 2026-08-14
    days on market $150,000 Active 99 DOM
  31. 2026-08-13
    days on market $150,000 Active 98 DOM
  32. 2026-08-12
    days on market $150,000 Active 97 DOM
  33. 2026-08-11
    days on market $150,000 Active 96 DOM
  34. 2026-08-10
    days on market $150,000 Active 95 DOM
  35. 2026-08-09
    days on market $150,000 Active 94 DOM
  36. 2026-08-08
    days on market $150,000 Active 93 DOM
  37. 2026-08-06
    days on market $150,000 Active 91 DOM
  38. 2026-08-05
    days on market $150,000 Active 90 DOM
  39. 2026-08-03
    days on market $150,000 Active 88 DOM
  40. 2026-07-31
    days on market $150,000 Active 85 DOM
  41. 2026-07-26
    days on market $150,000 Active 80 DOM
  42. 2026-07-24
    days on market $150,000 Active 78 DOM
  43. 2026-07-23
    days on market $150,000 Active 77 DOM
  44. 2026-07-22
    days on market $150,000 Active 76 DOM
  45. 2026-07-21
    days on market $150,000 Active 75 DOM
  46. 2026-07-20
    days on market $150,000 Active 74 DOM
  47. 2026-07-18
    days on market $150,000 Active 72 DOM
  48. 2026-07-18
    days on market $150,000 Active 71 DOM
  49. 2026-07-16
    days on market $150,000 Active 70 DOM
  50. 2026-07-15
    days on market $150,000 Active 69 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥106°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,761
− Mortgage interest
−$8,402
− Property taxes
−$2,250
− Insurance
−$750
− Repairs & maintenance
−$1,981
− Management
−$1,981
− HOA
−$6,300
− Depreciation
−$4,364
Taxable loss
−$1,267
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$304
After-tax cash flow
$1,126/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $4,705–$14,115 screening

This well-maintained single-family home in a 55+ community is in move-in condition with minor repairs needed to ceiling fans and light bulbs. It has a good roof and exterior, and the interior is in average condition with some wear. The highest-ROI updates include painting the interior walls and replacing the ceiling fans and light bulbs.

Repairs flagged

  • Minor ceiling fan in living room — Worn ceiling fan blades
  • Minor ceiling fan in bedroom — Worn ceiling fan blades

Value-add opportunities

  • Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
  • Both Replace ceiling fans — New ceiling fans improve functionality and aesthetics
  • Both Replace light bulbs — Fresh light bulbs improve functionality and aesthetics

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Liberty Park Elementary School F FL #1,841/2,144 Nat'l #25,956/41,679 Middle Okeeheelee Middle School F FL #399/571 Nat'l #6,830/14,009 High Palm Beach Central High School D FL #198/667 Nat'l #6,127/17,239

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 — Lake Worth Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

County
Palm Beach County · 1,637,487 people
City population
129,577
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
58,411
Household income
$95,739
Rent vs Own
13.6% rent · 86.4% own
Severe rent burden
10% of renters

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 0.59)
Race & ethnicity
White 59% Hispanic / Latino 22% Two or more races 13% Black 10% Asian 4%
Hispanic origin (detail)
Mexican 2% Puerto Rican 4% Cuban 4% Dominican 2%
Common ancestry
Romanian 4% Scotch-Irish 3% Hispanic 3%
Foreign-born
24% · Canada, Jamaica, Vietnam
Languages at home
71% English-only · Spanish 17% French/Haitian/Cajun 5% 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

Price history

+198.2% since first listed
9 events — show timeline
  • 2026-05-07 Listed $170,000 MARMLS
  • 2023-02-13 Listing Removed MARMLS
  • 2022-11-08 Price Changed $220,000 MARMLS
  • 2022-10-20 Listed $239,000 MARMLS
  • 2014-10-29 Listing Removed Beaches MLS
  • 2002-02-20 Listed $59,900 Beaches MLS
  • 2001-10-04 Sold (MLS) $55,000 Beaches MLS
  • 2001-09-12 Listing Removed Beaches MLS
  • 2001-06-13 Listed $57,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…