2110 SW 51st Pl · Dania Beach, FL 33312

$179,000

2 bd · 2.0 ba · 1,170 sqft · Manufactured public records · 38 Days on market

Built 1978 3,209 sqft lot

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

NO HOA, INVESTMENT OPPORTUNITY Dania Beach with no HOA and fee simple ownership? This needs to be rehabbed 2-bedroom, 2-bath mobile home in Ravenswood Gardens offers 1,170 SqFt of updated living space, cash-only purchasing, municipal water and sewer, and a convenient Broward County location near beaches, shopping, dining, and major highways. Situated on a 3,209 SqFt fee simple lot, this property gives buyers the flexibility of ownership without HOA fees or land lease payments. Located in the heart of Dania Beach near Dania Pointe, Fort Lauderdale-Hollywood International Airport, Hard Rock Casino, Hollywood Beach, and I-95, this property offers accessibility and convenience for both end use

Key facts

• Renovated home
• Fee simple ownership
• Municipal water

Tags

• RENOVATED HOME
• NO HOA
• FEE SIMPLE OWNERSHIP
• UPDATED LIVING SPACE
• MUNICIPAL WATER
• MUNICIPAL SEWER

Property features AI

Finance

• Other: Zoning: RMH
• Financial info: Pets allowed with no restrictions

Exterior

• Parking: Carport with 2 covered spaces
• Utilities: Cable available; Public sewer; Public water
• Home design: One-story manufactured home; North-facing
• Construction: Manufactured construction; Resale property
• Exterior features: No notable exterior features listed; Lot is less than a quarter acre

Interior

• Bathrooms: Two full bathrooms
• Interior features: Room types include Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $179k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 3.9% in Dania 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 77/100 on livability (#180 in FL, #2,806 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A; Watch: schools D, employment D, amenities F.
• 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.
• Market conditions: Rents rising (+1.3%/yr); 412 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $2,854/mo this rent would consume 45% of the median local household income ($76k/yr) (locally 1903% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.3% rent growth), your $50k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $118k; list at $179k implies a 51% 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 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.59% ✓
• Cap rate: 13.86%
• Cash-on-cash: 27.02%
• DSCR: 2.20
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.3% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.76×
• Total profit: $38,048
• Equity at exit: $26,689

10-year hold

• IRR: 26.3%
• Equity multiple: 3.13×
• Total profit: $106,547
• Equity at exit: $15,477

Cash invested: $50,120 (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 33312

• Rents YoY: 1.3%
• Active inventory: 412
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,854 high
• Mortgage (P&I): −$939
• Tax from tax record: −$113 /mo · $1,358/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$599
• Net cashflow: $1,129

Break-even live

Break-even rent $1,426

Max offer price $179,000

Occupancy floor 55%

Sensitivity live

Price	-10% $1,230	-5% $1,179	+0% $1,129	+5% $1,078	+10% $1,027
Rent	-10% $903	-5% $1,016	+0% $1,129	+5% $1,241	+10% $1,354
Rate	-1.0pp $1,219	-0.5pp $1,174	base $1,129	+0.5pp $1,082	+1.0pp $1,035

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2119 Anchor Ct Fort Lauderdale, FL	3.0	3.0	1400	$3,000	$2.14	25d	1	0.12mi
2308 Anchor Ct #2703 Fort Lauderdale, FL	2.0	2.5	1100	$2,200	$2.00	25d	1	0.17mi
4950 Tradewinds Ter #505 Fort Lauderdale, FL	3.0	3.0	1382	$2,700	$1.95	11d	1	0.18mi
4950 Tradewinds Ter #505 Fort Lauderdale, FL	3.0	3.0	1382	$2,700	$1.95	15d	1	0.18mi
2307 Anchor Ct #4006 Fort Lauderdale, FL	3.0	3.0	1382	$2,700	$1.95	4d	1	0.19mi
2307 Anchor Ct #4006 Fort Lauderdale, FL	3.0	3.0	1382	$2,700	$1.95	25d	1	0.19mi
2325 Mariner Ct #2809 Fort Lauderdale, FL	3.0	2.5	1391	$2,575	$1.85	25d	1	0.19mi
4939 N Harbor Isles Dr #106 Fort Lauderdale, FL	3.0	3.0	1382	$2,680	$1.94	2d	1	0.21mi
4939 N Harbor Isles Dr #106 Fort Lauderdale, FL	3.0	3.0	1382	$2,700	$1.95	25d	1	0.21mi
4964 Leeward Ln Fort Lauderdale, FL	3.0	2.5	1400	$3,000	$2.14	25d	1	0.22mi
4965 Leeward Ln Fort Lauderdale, FL	3.0	2.5	1379	$2,750	$1.99	25d	1	0.24mi
4961 Leeward Ln #3102 Fort Lauderdale, FL	3.0	3.0	1382	$2,850	$2.06	11d	1	0.24mi
2210 Coral Reef Ct Fort Lauderdale, FL	2.0	2.5	1083	$2,475	$2.29	25d	1	0.29mi
2461 SW 50th St Fort Lauderdale, FL	2.0	2.0	1008	$2,300	$2.28	25d	1	0.30mi
4907 Spinnaker Dr #4807 Fort Lauderdale, FL	3.0	2.5	1391	$2,650	$1.91	8d	1	0.33mi
5221 SW 25th Ave Fort Lauderdale, FL	3.0	2.0	1084	$2,700	$2.49	6d	1	0.33mi
5420 SW 25th Ave Fort Lauderdale, FL	3.0	2.0	1135	$2,975	$2.62	25d	1	0.40mi
5434 SW 25th Ave Fort Lauderdale, FL	3.0	2.0	1318	$3,750	$2.85	25d	1	0.42mi
2630 SW 49th Ct Fort Lauderdale, FL	3.0	3.0	1404	$3,195	$2.28	25d	1	0.44mi
4850 SW 26th Ave Unit 4 Fort Lauderdale, FL	2.0	2.0	800	$2,200	$2.75	11d	1	0.44mi
5605 SW 24th Ave Fort Lauderdale, FL	3.0	2.0	1333	$3,500	$2.63	25d	1	0.45mi
5180 SW 27th Ter Fort Lauderdale, FL	3.0	2.0	1495	$3,000	$2.01	21d	1	0.48mi
4920 SW 27th Ave Fort Lauderdale, FL	3.0	2.0	1140	$3,500	$3.07	25d	1	0.50mi
4920 SW 27th Ave Unit 4920 Fort Lauderdale, FL	3.0	2.0	1140	$3,500	$3.07	4d	1	0.50mi
5741 SW 24th Ave Unit A Fort Lauderdale, FL	3.0	2.0	1056	$3,400	$3.22	8d	1	0.56mi
5741 SW 24th Ave Unit A Fort Lauderdale, FL	3.0	2.0	1056	$3,400	$3.22	3d	1	0.56mi
4681 SW 26th Ave Fort Lauderdale, FL	3.0	2.0	1423	$4,500	$3.16	25d	1	0.58mi
2750 Griffin Rd Fort Lauderdale, FL	1.0	1.0	811	$2,600	$3.21	25d	13	0.61mi
5597 Park Rd Fort Lauderdale, FL	3.0	2.0	1038	$3,000	$2.89	25d	1	0.62mi
4961 SW 28th Ter Unit 2 Fort Lauderdale, FL	2.0	1.0	800	$2,500	$3.12	25d	1	0.65mi
4951 SW 28th Ter Unit 2 Fort Lauderdale, FL	2.0	1.0	700	$2,600	$3.71	25d	1	0.65mi
5643 Park Rd Fort Lauderdale, FL	3.0	2.0	1284	$3,200	$2.49	25d	1	0.66mi
2460 SW 58th Mnr Unit 1-2 Fort Lauderdale, FL	3.0	2.0	1300	$3,300	$2.54	25d	1	0.69mi
2460 SW 58th Mnr Fort Lauderdale, FL	3.0	2.0	1300	$3,400	$2.62	25d	1	0.70mi
121 N Compass Way Dania, FL	1.0–2.0	1.0–2.0	871	$3,010	$3.45	25d	3	0.77mi
2701 SW 58th Mnr Unit B Fort Lauderdale, FL	2.0	2.0	1292	$2,750	$2.13	21d	1	0.79mi
120 N Compass Way Dania, FL	1.0–3.0	1.0–2.0	982	$2,819	$2.87	25d	1	0.81mi
5840 Lakeshore Dr Fort Lauderdale, FL	1.0–3.0	1.0–2.0	1056	$3,034	$2.87	2d	31	0.83mi
1424 Nautilus Isle Dania, FL	3.0	2.0	1454	$4,500	$3.09	25d	1	0.83mi
4125 N 32nd Ct Hollywood, FL	2.0	1.0	1210	$2,950	$2.44	22d	1	0.84mi

Listing history 16 events

1. 2026-06-18
   days on market $179,000 Active 38 DOM
2. 2026-06-17
   days on market $179,000 Active 37 DOM
3. 2026-06-16
   days on market $179,000 Active 36 DOM
4. 2026-06-15
   days on market $179,000 Active 35 DOM
5. 2026-06-13
   days on market $179,000 Active 33 DOM
6. 2026-06-09
   days on market $179,000 Active 29 DOM
7. 2026-06-08
   days on market $179,000 Active 28 DOM
8. 2026-06-07
   days on market $179,000 Active 27 DOM
9. 2026-06-04
   days on market $179,000 Active 24 DOM
10. 2026-06-03
    days on market $179,000 Active 23 DOM
11. 2026-06-02
    days on market $179,000 Active 22 DOM
12. 2026-06-01
    days on market $179,000 Active 21 DOM
13. 2026-05-31
    days on market $179,000 Active 20 DOM
14. 2026-05-11
    listed $179,000 Active
15. 2005-07-20
    soldstatus $118,500
16. 1978-08-01
    soldstatus $10,600

ⓘ 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: $1,358 · $113/mo
• Projected year-2 tax: $1,486 · $124/mo
• Expected delta: +$128/yr (+$11/mo · 9.4%)

ⓘ 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 6 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,253
• − Mortgage interest: −$10,027
• − Property taxes: −$1,358
• − Insurance: −$895
• − Repairs & maintenance: −$2,740
• − Management: −$2,740
• − Depreciation: −$5,207
• Taxable income: $11,286
• Est. tax owed @ 24.0%: −$2,709
• After-tax cash flow: $10,834/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: 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

Livability — Dania Beach

• Score: 77/100
• State rank: #180
• US rank: #2806

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dania Beach, FL
• County: Broward County · 1,963,430 people
• City population: 17,094
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 52,798
• Household income: $75,952
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 1903.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 34% Hispanic / Latino 32% Black 29% Two or more races 20% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 6% Salvadoran 1%
• Common ancestry: Hispanic 6% Romanian 3% Italian 1%
• Foreign-born: 33% · Canada, Jamaica, Dominican Republic
• Languages at home: 59% English-only · Spanish 29% French/Haitian/Cajun 7% Other Indo-European 2%

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: —

Market trends

• HPI YoY: ▼ -323.99%
• Current HPI: 382.6298
• Rent YoY: ▲ 1.30%
• 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

+1588.7% since first listed

3 events — show timeline

• 2026-05-11 Listed $179,000 MARMLS
• 2005-07-20 Sold (Public Records) $118,500 Public Records
• 1978-08-01 Sold (Public Records) $10,600 Public Records

Property tax history

+2.5%/yr

Latest (2025): $1,358 · +5.1% YoY. Source: county tax records.