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1617 NE 2nd Ct Unit None
C+ Composite 60.14
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).

  • ARV discount +15.0/15.0
  • Cash flow +13.1/30.0
  • Appreciation +7.3/10.0
  • Schools +5.8/10.0
  • Livability +4.1/5.0
  • Condition / age +4.0/5.0
  • DSCR +3.9/10.0
  • 1% rule +3.7/10.0
  • Rent growth +3.3/5.0

$925,000

1617 NE 2nd Ct Unit None · Fort Lauderdale, FL 33301
4 bd · 3.5 ba · 2,652 sqft · Townhouse · 112 Days on market
Built 2005 Good condition Garage $349/sqft · 28% below area Est $1.287M · 28% under ↓ 3% since listing

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

Listing remarks

Seldom found 4BR/3.5BA, fee simple townhouse in boutique Victoria Park development for less than $1M! Spacious & flexible floor plan w/ elevator servicing all 3 floors. Open, 1st floor living area consists of foyer entry, great room, powder room and a modern kitchen w/ center island, stainless appliances, quartz counters, decorative backsplash, bar seating and euro-style cabinetry. 2nd floor consists of primary suite w/ large walk-in closet & Juliet balcony, additional 2BR/1BA and stand alone laundry room. 3rd floor offers a 4th bedroom which could also be 2nd primary, separate den/office/game room and 2 rooftop terraces.

Key facts

  • Juliet balcony
  • Fee simple townhouse
  • Large walk-in closet

Tags

FEE SIMPLE TOWNHOUSEELEVATOR SERVICING ALL FLOORSMODERN KITCHENLARGE WALK-IN CLOSETJULIET BALCONYSTAND ALONE LAUNDRY ROOM

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 4-bed/3.5-bath townhouse listed at $925k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-184 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $898k (2.9% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $805k (13.0% below list).
  • Recommended offer: $805k (13.0% below list) — sets the bar for 1% rule.
  • Cap rate 6.3% vs local median 2.1% in Fort Lauderdale — 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 82/100 on livability (#78 in FL, #1,293 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, health & safety A+; Watch: cost of living D-.
  • Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Harbordale Elementary School (math 64% / reading 74%, grade A-, #399 of 2,144 statewide, top 19%, 487 students, 38% FRL); Sunrise Middle School (math 50% / reading 52%, grade C, #237 of 571 statewide, top 43%, 1,242 students, 64% FRL); Fort Lauderdale High School (math 38% / reading 67%, grade C-, #154 of 667 statewide, top 24%, 2,228 students, 57% FRL) — zoned schools at 53% FRL track the district average.
  • Market conditions: Rents rising (+3.0%/yr); 609 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 104d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
  • At $8,051/mo this rent would consume 77% of the median local household income ($125k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $49k of equity ($6k loan paydown + $42k appreciation (4.6% local appreciation)).
  • Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • By year 2, paydown + projected appreciation supports a ~$78k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 112 days — a 9% lower offer ($842k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: flood insurance adds $152/mo.
  • Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); 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 $805,105 (13.0% 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 112 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are B-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?
  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
0.87%
Cap rate
6.25%
Cash-on-cash
-0.15%
DSCR
0.99
GRM
9.6

CMA / ARV

ARV (median comp)
$1,286,838
List price
$925,000
Delta
-28.12%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1617 NE 2nd Ct 0.00mi 4/3.5 2,652 (0%) 0mo $785,000 $296 100
1317 NE 2nd St 0.18mi 3/3.5 (-1) 2,695 (+2%) 0mo $1,475,000 $547 84
1705 NE 5th St 0.25mi 3/3.5 (-1) 2,658 (+0%) 4mo $1,250,000 $470 80
449 NE 16th Ave 0.19mi 3/3.5 (-1) 2,550 (-4%) 5mo $1,300,000 $510 76
110 Hendricks Isle #13 0.33mi 3/3.5 (-1) 2,600 (-2%) 2mo $1,030,000 $396 75
0.15mi 3/2.5 (-1) 2,501 (-6%) 4mo $1,092,000 $437 71
804 NE 2nd St 0.52mi 3/3.5 (-1) 2,639 (-0%) 4mo $1,570,000 $595 67
133 Isle Of Venice Dr #201 0.37mi 3/3.5 (-1) 2,849 (+7%) 1mo $1,700,000 $597 64
906 NE 17th Ter 0.74mi 3/3.5 (-1) 2,623 (-1%) 0mo $1,640,000 $625 58
417 Hendricks Isle 0.30mi 3/3.5 (-1) 2,992 (+13%) 4mo $1,500,000 $501 56
76 Isle Of Venice Dr Unit H 0.43mi 3/2.0 (-1) 2,984 (+12%) 2mo $1,450,000 $486 47
609 NE 8th Ave Unit B 0.63mi 4/3.5 2,264 (-15%) 4mo $1,400,000 $618 42

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

Projected returns pro-forma

4.58% appreciation · 3.02% rent growth · sell at horizon

5-year hold
IRR
11.1%
Equity multiple
1.69×
Total profit
$179,781
Equity at exit
$500,712
10-year hold
IRR
12.5%
Equity multiple
3.18×
Total profit
$565,476
Equity at exit
$845,350

Cash invested: $259,000 (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
101 active · 30 under contract
Months of supply
19.5 mo (5%/mo absorbed)
Median asking
$1,799,000 ($672/sqft)
Median days on market
107 d
This list price
6% of active listings are priced below it
ARV vs active asking
-27.7% vs current asking $/sqft

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

ZIP-level market 33301

Home prices YoY
1.6%
Rents YoY
3.0%
Active inventory
609
Price-to-rent
9.6×

Monthly cashflow live

Estimated rent
$8,051 high interval (Pro) →
Mortgage (P&I)
$4,851
Tax est. 1.5%
$1,156 /mo · $13,875/yr
Insurance
$385
Flood insurance flood zone
−$152 /mo · $1,824/yr
HOA
$0
Vacancy / Maint / Mgmt
$1,691
Net cashflow
$-184

Break-even live

Break-even rent $8,284
Max offer price $898,349
Occupancy floor 97%

Sensitivity live

Price -10% $455 -5% $135 +0% $-184 +5% $-504 +10% $-823
Rent -10% $-820 -5% $-502 +0% $-184 +5% $134 +10% $452
Rate -1.0pp $282 -0.5pp $51 base $-184 +0.5pp $-424 +1.0pp $-668

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
$231,250
Closing costs
$27,750
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
200 NE 16th Ave Unit 1369656P Fort Lauderdale, FL 3.0 2.0 2497 $6,916 $2.77 19d 1 0.03mi
1617 NE 2nd Ct Fort Lauderdale, FL 4.0 3.5 2652 $6,400 $2.41 7d 1 0.03mi
106 NE 16th Ter #106 Fort Lauderdale, FL 4.0 4.5 2901 $11,500 $3.96 18d 1 0.08mi
1615 NE 3rd Ct Fort Lauderdale, FL 5.0 5.0 2850 $12,000 $4.21 76d 1 0.08mi
1416 NE 4th Ct #1416 Fort Lauderdale, FL 3.0 2.5 2214 $5,000 $2.26 5d 1 0.15mi
417 NE 15th Ave Fort Lauderdale, FL 5.0 4.0 2001 $19,995 $9.99 120d 1 0.17mi
1509 NE 4th Pl Fort Lauderdale, FL 4.0 3.5 3213 $9,000 $2.80 120d 1 0.20mi
1511 NE 4th Pl #0 Fort Lauderdale, FL 4.0 3.0 3271 $8,000 $2.45 103d 1 0.21mi
1511 NE 4th Pl #0 Fort Lauderdale, FL 4.0 3.0 3271 $8,000 $2.45 120d 1 0.21mi
1415 NE 4th Pl Fort Lauderdale, FL 5.0 3.0 1970 $7,000 $3.55 85d 1 0.22mi
404 NE 13th Ave Fort Lauderdale, FL 4.0 3.5 3559 $34,995 $9.83 120d 1 0.23mi
1409 NE 4th Pl Unit 1541792P Fort Lauderdale, FL 3.0 3.5 2863 $5,190 $1.81 109d 1 0.23mi
1606 SE 1st St Fort Lauderdale, FL 3.0 2.0 1893 $10,000 $5.28 65d 1 0.24mi
1215 NE 1st St Fort Lauderdale, FL 4.0 3.5 3436 $14,995 $4.36 120d 1 0.24mi
1410 NE 5th St Unit A Fort Lauderdale, FL 3.0 3.5 3125 $9,250 $2.96 113d 1 0.25mi
1410 NE 5th St Fort Lauderdale, FL 3.0 3.0 3125 $9,000 $2.88 120d 1 0.25mi
1206 NE 1st St #1206 Fort Lauderdale, FL 4.0 3.5 2992 $12,995 $4.34 103d 1 0.27mi
101 SE 15th Ave Unit E Fort Lauderdale, FL 3.0 2.5 1774 $4,400 $2.48 7d 1 0.28mi
1612 SE 2nd St Fort Lauderdale, FL 4.0 3.0 2186 $12,000 $5.49 117d 1 0.30mi
1612 SE 2nd St Fort Lauderdale, FL 4.0 3.0 2186 $9,500 $4.35 63d 1 0.30mi
1403 SE 2nd St Unit 1 Fort Lauderdale, FL 3.0 2.0 2055 $4,900 $2.38 120d 1 0.30mi
1403 SE 2nd St Unit 1 Fort Lauderdale, FL 3.0 2.0 2055 $4,900 $2.38 112d 1 0.30mi
1403 SE 2nd St Fort Lauderdale, FL 3.0 2.0 2100 $4,700 $2.24 67d 1 0.30mi
1412 SE 2nd St Unit 1018675P Fort Lauderdale, FL 4.0 6.0 3595 $13,586 $3.78 120d 1 0.31mi
117 S Gordon Rd Fort Lauderdale, FL 4.0 3.0 3354 $20,000 $5.96 120d 1 0.32mi
1211 SE 1st St Fort Lauderdale, FL 4.0 3.5 2486 $8,500 $3.42 97d 1 0.32mi
1431 SE 2nd Ct Fort Lauderdale, FL 3.0 2.5 2200 $8,000 $3.64 6d 1 0.33mi
1312 SE 2nd St Fort Lauderdale, FL 5.0 5.0 3254 $28,000 $8.60 120d 1 0.33mi
547 NE 16th Ave Unit 1369653P Fort Lauderdale, FL 4.0 3.0 3498 $10,370 $2.96 117d 1 0.34mi
1504 NE 6th St Fort Lauderdale, FL 5.0 5.0 3448 $28,000 $8.12 120d 1 0.34mi
561 NE 15th Ave Fort Lauderdale, FL 3.0 3.5 2145 $4,500 $2.10 120d 1 0.34mi
561 NE 15th Ave Fort Lauderdale, FL 3.0 3.5 2145 $4,500 $2.10 113d 1 0.34mi
1310 SE 2nd St Fort Lauderdale, FL 3.0 3.5 2410 $9,750 $4.05 7d 1 0.34mi
1616 SE 2nd Ct Fort Lauderdale, FL 5.0 4.0 3153 $13,000 $4.12 50d 1 0.35mi
80 Hendricks Isle #302 Fort Lauderdale, FL 3.0 3.0 2904 $12,000 $4.13 54d 1 0.35mi
540 NE 17th Ave Fort Lauderdale, FL 4.0 3.5 2660 $6,999 $2.63 120d 1 0.35mi
540 NE 17th Ave Fort Lauderdale, FL 4.0 3.5 2489 $6,999 $2.81 88d 1 0.35mi
17 SE 12th Ave Fort Lauderdale, FL 4.0 4.5 2509 $9,500 $3.79 64d 1 0.35mi
45 Hendricks Isle #403 Fort Lauderdale, FL 3.0 3.0 2100 $12,500 $5.95 100d 1 0.36mi
521 N Victoria Park Rd Fort Lauderdale, FL 3.0 3.0 2174 $6,200 $2.85 26d 1 0.36mi

Property features AI

Finance

HOA & community
Community of 4 unitsPets allowed

Exterior

Parking
Attached garage for 2 carsCovered parking (2 spaces)
Utilities
Public waterPublic sewerCable available
Home design
TownhouseThree or more levelsFirst-floor entryFaces east
Construction
CBS and other construction materials
Exterior features
Covered patioPatioTerraceFenced

Interior

Kitchen
DisposalDishwasherElectric rangeMicrowaveRefrigerator
Bedrooms
No main-level bedrooms listed
Flooring
Wood flooring
Bathrooms
Three full bathrooms and one half bathroom (total 4)
Heating & cooling
Central heating (electric, zoned)Central air conditioning (electric, zoned)Ceiling fans
Interior features
Built-in featuresEntrance foyerKitchen islandVaulted ceilingsWalk-in closetsBlinds, drapes and rods
Laundry & utility
Unfurnished (no laundry-specific appliances listed)

Listing history 23 events

  1. 2026-07-01
    days on market $925,000 Active 112 DOM
  2. 2026-06-30
    days on market $925,000 Active 111 DOM
  3. 2026-06-29
    days on market $925,000 Active 110 DOM
  4. 2026-06-28
    days on market $925,000 Active 109 DOM
  5. 2026-06-27
    days on market $925,000 Active 108 DOM
  6. 2026-06-26
    days on market $925,000 Active 107 DOM
  7. 2026-06-24
    days on market $925,000 Active 105 DOM
  8. 2026-06-22
    days on market $925,000 Active 103 DOM
  9. 2026-06-21
    days on market $925,000 Active 102 DOM
  10. 2026-06-18
    days on market $925,000 Active 99 DOM
  11. 2026-06-17
    days on market $925,000 Active 98 DOM
  12. 2026-06-16
    days on market $925,000 Active 97 DOM
  13. 2026-06-15
    days on market $925,000 Active 96 DOM
  14. 2026-06-13
    days on market $925,000 Active 94 DOM
  15. 2026-06-09
    days on market $925,000 Active 90 DOM
  16. 2026-06-07
    pricedays on market $925,000 Active 88 DOM
  17. 2026-06-04
    days on market $945,000 Active 85 DOM
  18. 2026-06-03
    days on market $945,000 Active 84 DOM
  19. 2026-06-02
    days on market $945,000 Active 83 DOM
  20. 2026-06-01
    days on market $945,000 Active 82 DOM
  21. 2026-05-31
    days on market $945,000 Active 81 DOM
  22. 2026-04-12
    price $945,000
  23. 2026-01-28
    listed $975,000 Active

ⓘ 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 3/10 Moderate FEMA zone AH · 10% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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 1 unhealthy d/yr today · 1 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
$96,613
− Mortgage interest
−$51,814
− Property taxes
−$13,875
− Insurance
−$6,450
− Repairs & maintenance
−$7,729
− Management
−$7,729
− Depreciation
−$26,909
Taxable loss
−$17,893
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,294
After-tax cash flow
$2,084/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 · 14 photos

Good 80/100 Cosmetic rehab Est. rehab $13,260–$39,780 screening

This townhouse is in good condition with a modern kitchen and bathrooms, and a well-maintained exterior. It has a good curb appeal and is ready for minor cosmetic improvements to further enhance its value.

Value-add opportunities

  • Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters.
  • Both Painting the exterior walls — Improves the home's appearance and can increase its value.
  • Both Upgrading the HVAC system — Improves comfort and energy efficiency, which can increase both resale and rental value.

ⓘ 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.

D Composite school gradezoned avg 58/100

Zoned Schools

Elementary Harbordale Elementary School A- FL #399/2,144 Nat'l #4,045/41,679 Middle Sunrise Middle School C FL #237/571 Nat'l #3,276/14,009 High Fort Lauderdale High School C- FL #154/667 Nat'l #4,948/17,239

Schools (NCES district)

District
Broward
NCES district ID
1200180
Math proficiency
42% ▼ -18.00%
Reading proficiency
53% ▼ -5.00%
Median HH income
$52,139
Composite
40.88/100
National rank
#3621
State rank
#46 of 73 in FL
A Composite livability gradescore 82/100

Livability — Fort Lauderdale

Score
82/100
State rank
#78
US rank
#1293

Category grades

Amenities A+ Commute C+ Cost of living D- Crime A+ Employment B Housing A- Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Fort Lauderdale, FL
County
Broward County · 2,207,033 people
City population
235,769
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
19,503
Household income
$124,812
Rent vs Own
62.8% rent · 37.2% own
Severe rent burden
8% of renters

Population outlook (Broward County) Hauer SSP2

Today (2025)
2,207,033 people
By 2030
2,360,704 · +7.0%
By 2040
2,661,208 · +20.6%
By 2050
2,946,698 · +33.5%
By 2075
3,602,273 · +63.2%
By 2100
3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (67%)
Race & ethnicity
White 67% Hispanic / Latino 17% Two or more races 14% Black 8% Asian 2%
Hispanic origin (detail)
Mexican 1% Puerto Rican 3% Cuban 5%
Common ancestry
Romanian 3% Scotch-Irish 3% Czech 2%
Foreign-born
19% · Canada, Jamaica, Dominican Republic
Languages at home
75% English-only · Spanish 13% Other Indo-European 3% French/Haitian/Cajun 3%

Political lean MEDSL · Broward

2024 margin
D (+17.0) · D 58.0% · R 41.0%
2008→2024 swing
-17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
All cycles
2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

Civics

Price history

-3.1% since first listed
2 events — show timeline
  • 2026-04-12 Price Changed $945,000 Beaches MLS
  • 2026-01-28 Listed $975,000 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…