10342 Wellington Parc Dr · Wellington, FL 33449

$495,000

3 bd · 2.5 ba · 1,783 sqft · Townhouse public records · 23 Days on market

Built 2014 2,178 sqft lot $215/mo HOA · 5% 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).

• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0

Listing remarks MLS

Beautiful furnished 3/2 Townhouse located in Wellington Parc. Open floor plan, granite counter tops, stainless steel appliances, 2nd floor has laminate flooring throughout and fenced patio with pavers, 1 car garage. Centrally located! This townhouse is minutes away to A-rated Wellington schools, the Mall at Wellington Green, Whole Foods, Trader Joe's, Fresh Market, top-notch restaurants, Wellington Regional Medical Center and world class equestrian venues.

Key facts

• Private garden views
• Gourmet kitchen
• Covered paver patio

Tags

• FURNISHED TOWNHOME
• BOUTIQUE GATED COMMUNITY
• PRIVATE GARDEN VIEWS
• COVERED PAVER PATIO
• GOURMET KITCHEN
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Pets allowed with breed restrictions; Community contains 92 units
• Financial info: Not a land-lease property
• HOA & community: Homeowners association with monthly fee ($215); Community amenities: pool, sidewalks, street lights; HOA fee includes insurance, grounds maintenance, pest control, security, trash, common areas, common real estate tax, recreation facility

Exterior

• Parking: Attached 1-car garage with garage door opener; Covered parking space; 2 open parking spaces (3 total)
• Security: Owned security system; Smoke detectors; Gated community (no guard)
• Utilities: Public water; Public sewer; Electricity available; Cable available; Phone available; Sewer connected; Water connected
• Home design: Townhouse; Two-story; Entry-level living area on first floor; South-facing
• Construction: Built with block/concrete/CBS construction; Concrete and tile roof
• Exterior features: Covered patio; Open patio; Patio

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Electric water heater
• Bedrooms: No main-level bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Entrance foyer; Kitchen island; Walk-in closets; Split bedroom layout; Partially furnished
• Laundry & utility: Laundry inside the unit; Laundry tub

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $495k.

Deal economics

• At list price, monthly cash flow is $-475 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $411k (16.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $408k (17.7% below list).
• Recommended offer: $408k (17.7% below list) — sets the bar for 1% rule.
• Cap rate 5.1% 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: 171 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).

Forward outlook

• In year one you build about $81 of equity ($3k loan paydown + $-3k appreciation (-0.7% local appreciation)).
• 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 23 days — a 2% lower offer ($488k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $407,557 (17.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.82% ✗
• Cap rate: 5.14%
• Cash-on-cash: -4.11%
• DSCR: 0.82
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.57×
• Total profit: $-59,968
• Equity at exit: $127,253

10-year hold

• IRR: -3.1%
• Equity multiple: 0.70×
• Total profit: $-42,247
• Equity at exit: $140,363

Cash invested: $138,600 (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 33449

• Home prices YoY: -0.2%
• Active inventory: 171
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $4,076 high
• Mortgage (P&I): −$2,596
• Tax from tax record: −$677 /mo · $8,126/yr
• Insurance: −$206
• HOA: −$215
• Vacancy / Maint / Mgmt: −$856
• Net cashflow: $-475

Break-even live

Break-even rent $4,676

Max offer price $411,162

Occupancy floor —

Sensitivity live

Price	-10% $-194	-5% $-334	+0% $-475	+5% $-615	+10% $-755
Rent	-10% $-797	-5% $-636	+0% $-475	+5% $-314	+10% $-153
Rate	-1.0pp $-225	-0.5pp $-349	base $-475	+0.5pp $-603	+1.0pp $-733

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: $123,750
• Closing costs: $14,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10348 Wellington Parc Dr Lake Worth, FL	3.0	2.5	2060	$3,300	$1.60	26d	1	0.04mi
10283 Wellington Parc Dr Lake Worth, FL	4.0	3.0	2076	$3,600	$1.73	26d	1	0.07mi
10385 Wellington Parc Dr Lake Worth, FL	3.0	2.5	1783	$3,250	$1.82	21d	1	0.08mi
10426 Wellington Parc Dr Unit 1 Wellington, FL	4.0	2.5	2587	$3,650	$1.41	26d	1	0.09mi
10450 Wellington Parc Dr Wellington, FL	3.0	2.5	1983	$3,350	$1.69	26d	1	0.10mi
10457 Wellington Parc Dr Lake Worth, FL	3.0	2.5	1688	$3,200	$1.90	26d	1	0.12mi
10139 Wellington Parc Dr Lake Worth, FL	4.0	3.0	2076	$3,795	$1.83	4d	1	0.13mi
3366 Harness Cir Lake Worth, FL	3.0	2.0	2340	$3,750	$1.60	12d	1	0.15mi
10415 Saint Germain Ct Wellington, FL	4.0	3.5	2469	$6,500	$2.63	4d	1	0.15mi
10415 Saint Germain Ct Wellington, FL	4.0	3.5	2469	$6,500	$2.63	23d	1	0.15mi
10567 Paso Fino Dr Lake Worth, FL	3.0	2.0	1655	$3,950	$2.39	26d	1	0.52mi
10591 Paso Fino Dr Lake Worth, FL	3.0	2.0	1764	$3,500	$1.98	7d	1	0.57mi
3470 Custer Ave Lake Worth, FL	3.0	2.0	2040	$4,500	$2.21	26d	1	0.59mi
3306 Fargo Ave Lake Worth, FL	3.0	2.0	2370	$5,500	$2.32	26d	1	0.64mi
2899 Florence St Wellington, FL	3.0	2.0	2459	$9,500	$3.86	26d	1	0.66mi
10274 Prato St Wellington, FL	4.0	2.0	2459	$6,500	$2.64	26d	1	0.75mi
10303 Andover Coach Cir Unit A1 Wellington, FL	2.0	2.0	1420	$5,500	$3.87	26d	1	0.86mi
10173 Andover Coach Cir Unit G2 Lake Worth, FL	3.0	2.0	1807	$3,500	$1.94	26d	1	0.88mi
3109 Payson Way Wellington, FL	4.0	2.0	1900	$2,900	$1.53	26d	1	0.89mi
4553 Barclay Fair Way Lake Worth, FL	3.0	3.0	2278	$4,000	$1.76	26d	1	0.96mi
4553 Barclay Fair Way Lake Worth, FL	3.0	3.0	2278	$4,000	$1.76	18d	1	0.96mi
11137 Grandview Mnr Wellington, FL	4.0	3.0	2194	$9,500	$4.33	18d	1	0.96mi
9829 Scribner Ln Wellington, FL	4.0	3.0	2244	$3,700	$1.65	26d	1	0.96mi
9825 Scribner Ln Wellington, FL	4.0	2.5	2104	$3,800	$1.81	26d	1	0.97mi
9825 Scribner Ln Wellington, FL	4.0	2.5	2104	$3,800	$1.81	18d	1	0.97mi
9825 Scribner Ln Wellington, FL	4.0	2.5	2104	$3,800	$1.81	23d	1	0.97mi
4173 Imperial Club Ln Lake Worth, FL	3.0	2.5	1989	$2,995	$1.51	20d	1	1.00mi
4528 Barclay Fair Way Lake Worth, FL	3.0	2.0	2147	$8,000	$3.73	1d	1	1.00mi
4127 Siena Cir Wellington, FL	3.0	3.0	2561	$9,600	$3.75	1d	1	1.03mi
4127 Siena Cir Wellington, FL	3.0	3.0	2561	$9,600	$3.75	9d	1	1.03mi
9754 Scribner Ln Wellington, FL	4.0	2.5	2573	$3,500	$1.36	9d	1	1.05mi
9754 Scribner Ln Wellington, FL	4.0	2.5	2573	$4,000	$1.55	23d	1	1.05mi
9754 Scribner Ln Wellington, FL	4.0	2.5	2573	$3,500	$1.36	13d	1	1.05mi
11065 Stone Creek St Wellington, FL	4.0	2.5	2478	$4,500	$1.82	26d	1	1.11mi
2301 Wellington Green Dr Wellington, FL	3.0	2.0	1836	$3,649	$1.99	26d	1	1.25mi
4018 Bluff Harbor Way Wellington, FL	4.0	2.5	2160	$4,300	$1.99	9d	1	1.28mi
4841 Exeter Estate Ln Lake Worth, FL	3.0	3.0	2567	$5,000	$1.95	26d	1	1.30mi
3409 Pomerol Dr Wellington, FL	3.0	2.0	1432	$3,495	$2.44	21d	1	1.31mi
3409 Pomerol Dr Wellington, FL	3.0	2.0	1432	$3,425	$2.39	14d	1	1.31mi
3409 Pomerol Dr Wellington, FL	3.0	2.0	1432	$3,095	$2.16	4d	1	1.31mi

HOA detail

• Monthly dues: $215 · $2,580/yr

Listing history 14 events

1. 2026-06-21
   days on market $495,000 Active 23 DOM
2. 2026-06-18
   days on market $495,000 Active 20 DOM
3. 2026-06-17
   days on market $495,000 Active 19 DOM
4. 2026-06-16
   days on market $495,000 Active 18 DOM
5. 2026-06-15
   days on market $495,000 Active 17 DOM
6. 2026-06-13
   days on market $495,000 Active 15 DOM
7. 2026-06-09
   days on market $495,000 Active 11 DOM
8. 2026-06-08
   days on market $495,000 Active 10 DOM
9. 2026-06-07
   days on market $495,000 Active 9 DOM
10. 2026-06-04
    days on market $495,000 Active 6 DOM
11. 2026-06-03
    days on market $495,000 Active 5 DOM
12. 2026-06-02
    days on market $495,000 Active 4 DOM
13. 2026-06-01
    days on market $495,000 Active 3 DOM
14. 2026-05-31
    days on market $495,000 Active 2 DOM

ⓘ 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: $8,126 · $677/mo
• Projected year-2 tax: $8,126 · $677/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 10/10 Extreme 7 d/yr ≥106°F today · 26 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: $48,907
• − Mortgage interest: −$27,728
• − Property taxes: −$8,126
• − Insurance: −$2,475
• − Repairs & maintenance: −$3,913
• − Management: −$3,913
• − HOA: −$2,580
• − Depreciation: −$14,400
• Taxable loss: −$14,227
• Est. tax savings @ 24.0%: +$3,415
• After-tax cash flow: $-2,280/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
• City population: 60,184
• Population (ZIP): 9,131

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 16% Black 14% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 3% Salvadoran 2%
• Common ancestry: Scotch-Irish 5% Romanian 4% Hispanic 3%
• Foreign-born: 21% · Canada, Jamaica, Vietnam
• Languages at home: 75% English-only · Spanish 12% French/Haitian/Cajun 4% 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: ▼ -0.67%
• Current HPI: 271.0184
• Rent YoY: —
• Metro: —
• 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

+52.4% since first listed

19 events — show timeline

• 2026-05-29 Listed $495,000 Beaches MLS
• 2024-11-01 Rental Removed $3,600 GFLMLS
• 2024-10-25 Price Changed $3,600 GFLMLS
• 2024-10-13 Listed for Rent $3,800 GFLMLS
• 2022-11-02 Sold (Public Records) $450,000 Public Records
• 2022-10-17 Sold (MLS) $450,000 Beaches MLS
• 2022-10-05 Contingent — Beaches MLS
• 2022-08-16 Relisted — Beaches MLS
• 2022-07-29 Contingent — Beaches MLS
• 2022-06-11 Listed $495,000 Beaches MLS
• 2021-04-08 Sold (Public Records) $335,000 Public Records
• 2021-04-01 Sold (MLS) $335,000 Beaches MLS
• 2021-03-04 Pending — Beaches MLS
• 2021-02-25 Listed $325,000 Beaches MLS
• 2018-09-21 Sold (Public Records) $325,000 Public Records
• 2018-09-18 Sold (MLS) $325,000 Beaches MLS
• 2018-08-17 Contingent — Beaches MLS
• 2018-08-07 Price Changed $322,500 Beaches MLS
• 2018-07-05 Listed $324,900 Beaches MLS

Property tax history

+26.8%/yr

Latest (2025): $8,126 · +0.2% YoY. Source: county tax records.