3931 NW 108th Dr · Coral Springs, FL 33065

$160,000

3 bd · 2.0 ba · 1,784 sqft · SingleFamily public records · 1 Days on market

Built 1972 0.29 ac lot

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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 +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Distressed home-unapproved short sale - inspector found mold, fire damage in attic, termite damage, foundation damage, pool damage, AC ventilation damage, water damage and extensive overall repairs.

Key facts

• 0.29 acre lot
• 2 garage spots
• Pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Cap rate 17.1% vs local median 3.6% in Coral Springs — 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 79/100 on livability (#145 in FL, #2,163 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities F, cost of living 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 soft (-0.0%/yr); 365 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $3,224/mo this rent would consume 52% of the median local household income ($74k/yr) (locally 3488% 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 + 0.0% rent growth), your $45k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 5y 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 $160,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.01% ✓
• Cap rate: 17.10%
• Cash-on-cash: 38.60%
• DSCR: 2.72
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $594,072
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3700 NW 104th Ave	0.35mi	3/2.0	1,838 (+3%)	3mo	$630,000	$343	76
10930 NW 41st Dr	0.20mi	4/2.0 (+1)	1,964 (+10%)	1mo	$630,000	$321	68
9921 NW 38th St	0.71mi	3/2.0	1,700 (-5%)	3mo	$700,000	$412	57
3980 NW 114th Ave	0.55mi	4/2.0 (+1)	1,923 (+8%)	3mo	$620,000	$322	54
10601 NW 43rd Ct	0.42mi	4/2.0 (+1)	2,050 (+15%)	1mo	$480,000	$234	50
4320 NW 113th Ter	0.65mi	3/2.0	1,616 (-9%)	6mo	$538,000	$333	49

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: 31.3%
• Equity multiple: 2.26×
• Total profit: $56,456
• Equity at exit: $23,857

10-year hold

• IRR: 36.7%
• Equity multiple: 3.92×
• Total profit: $131,031
• Equity at exit: $13,834

Cash invested: $44,800 (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 33065

• Home prices YoY: -22.0%
• Rents YoY: -0.0%
• Active inventory: 365
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $3,224 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,400/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$677
• Net cashflow: $1,441

Break-even live

Break-even rent $1,400

Max offer price $160,000

Occupancy floor 50%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10520 NW 41st St Unit 10520 Coral Springs, FL	2.0	2.0	1233	$2,400	$1.95	21d	1	0.25mi
10559 La Placida Dr Coral Springs, FL	3.0	2.0	1450	$2,800	$1.93	17d	1	0.27mi
10559 La Placida Dr Coral Springs, FL	3.0	2.0	1450	$2,800	$1.93	24d	1	0.27mi
11055 NW 37th St Coral Springs, FL	4.0	3.0	2012	$4,200	$2.09	24d	1	0.28mi
4100 NW 110th Ave Unit S Coral Springs, FL	3.0	2.0	1800	$3,450	$1.92	8d	1	0.29mi
10777 W Sample Rd #312 Coral Springs, FL	2.0	2.0	1350	$2,200	$1.63	24d	1	0.38mi
10777 W Sample Rd Coral Springs, FL	2.0	2.0	1350	$2,150	$1.59	21d	2	0.38mi
3400 Coral Springs Dr Coral Springs, FL	2.0–3.0	2.0	1852	$3,300	$1.78	19d	4	0.40mi
4305 Coral Springs Dr Unit 2H Coral Springs, FL	3.0	3.5	2020	$3,100	$1.53	22d	1	0.41mi
10251 NW 39th Ct Coral Springs, FL	4.0	2.0	2039	$4,750	$2.33	24d	1	0.43mi
3731 NW 114th Ave Coral Springs, FL	3.0	2.0	1609	$3,380	$2.10	17d	1	0.51mi
3731 NW 114th Ave Coral Springs, FL	3.0	2.0	1903	$3,545	$1.86	8d	1	0.51mi
10700 W Sample Rd Coral Springs, FL	1.0–3.0	1.0–3.0	1141	$2,972	$2.60	2d	5	0.52mi
11235 NW 43rd Pl Coral Springs, FL	4.0	2.0	1826	$4,075	$2.23	2d	1	0.54mi
10261 NW 35th St #10 Coral Springs, FL	3.0	2.0	1238	$2,450	$1.98	2d	1	0.55mi
11461 NW 39th St Coral Springs, FL	4.0	3.0	1999	$4,700	$2.35	24d	1	0.56mi
10633 NW 32nd Ct Coral Springs, FL	3.0	2.0	2079	$3,500	$1.68	11d	1	0.57mi
11461 NW 38th St Coral Springs, FL	3.0	2.0	1800	$2,800	$1.56	24d	1	0.57mi
11282 NW 44th St Coral Springs, FL	4.0	2.0	1874	$4,500	$2.40	24d	1	0.58mi
11282 NW 44th St Coral Springs, FL	4.0	2.0	1874	$4,500	$2.40	21d	1	0.58mi
3750 NW 115th Ave Unit 6 Coral Springs, FL	3.0	2.5	1440	$2,100	$1.46	24d	1	0.65mi
11511 NW 36th St Coral Springs, FL	3.0	2.0	1510	$2,800	$1.85	24d	1	0.66mi
4260 NW 114th Ter #60 Coral Springs, FL	3.0	2.5	1600	$2,990	$1.87	5d	1	0.66mi
11221 NW 46th Dr Coral Springs, FL	4.0	2.5	2103	$3,650	$1.74	3d	1	0.72mi
11640 NW 39th St #8 Coral Springs, FL	3.0	2.5	1300	$2,500	$1.92	24d	1	0.72mi
11135 NW 46th Dr Coral Springs, FL	3.0	2.5	1961	$3,250	$1.66	22d	1	0.73mi
11578 NW 39th Pl Coral Springs, FL	4.0	3.0	1880	$4,200	$2.23	24d	1	0.74mi
3050 Coral Springs Dr Unit 3 Coral Springs, FL	3.0	2.0	1400	$2,400	$1.71	24d	1	0.75mi
4315 NW 115th Ave Coral Springs, FL	3.0	2.5	1650	$3,200	$1.94	11d	1	0.75mi
3050 Coral Springs Dr Unit 1 Coral Springs, FL	2.0	2.0	1500	$2,100	$1.40	24d	1	0.75mi
11543 NW 44th St #2 Coral Springs, FL	3.0	2.5	1742	$2,590	$1.49	4d	1	0.85mi
10890 W Sample Rd Coral Springs, FL	1.0–3.0	1.0–2.0	1102	$3,036	$2.75	1d	19	0.88mi
10425 NW 48th Mnr Coral Springs, FL	4.0	2.0	2285	$5,400	$2.36	24d	1	0.88mi
3165 NW 116th Ave Unit 3165 Coral Springs, FL	3.0	2.0	1696	$3,500	$2.06	24d	1	0.89mi
3134 Coral Ridge Dr #3136 Coral Springs, FL	3.0	2.5	1250	$3,000	$2.40	11d	1	1.01mi
2701 NW 107th Ave Coral Springs, FL	3.0	2.5	1956	$5,000	$2.56	24d	1	1.01mi
2701 NW 107th Ave Coral Springs, FL	3.0	2.5	1956	$5,000	$2.56	5d	1	1.01mi
2700 Coral Springs Dr Coral Springs, FL	2.0	2.0	1204	$2,075	$1.72	19d	2	1.08mi
3105 NW 118th Dr Unit 3113 Coral Springs, FL	3.0	2.5	2115	$2,894	$1.37	24d	1	1.08mi
2580 Coral Springs Dr #2580 Coral Springs, FL	3.0	2.5	1478	$2,590	$1.75	22d	1	1.13mi

Listing history 36 events

1. 2026-04-14
   status Pending
2. 2026-04-07
   listed $160,000 Active
3. 2025-08-01
   historical
4. 2025-07-31
   status Active
5. 2025-06-10
   historical Active Under Contract
6. 2025-05-27
   status Active
7. 2025-03-31
   status Pending
8. 2025-03-31
   historical Active Under Contract
9. 2025-03-11
   price $539,997
10. 2025-03-04
    status Active
11. 2025-02-27
    historical Active Under Contract
12. 2025-02-20
    listed $580,000 Active
13. 2024-11-25
    historical
14. 2024-11-14
    historical Active Under Contract
15. 2024-10-07
    status Active
16. 2024-10-07
    price $587,000
17. 2024-10-01
    historical Active Under Contract
18. 2024-09-04
    price $689,000
19. 2024-05-25
    listed $710,000 Active
20. 2021-12-15
    soldstatus $545,000
21. 2021-12-13
    soldstatus $545,000 Closed
22. 2021-12-13
    soldstatus $545,000
23. 2021-10-25
    historical Active Under Contract
24. 2021-09-30
    price $550,000
25. 2021-09-13
    price $560,000
26. 2021-09-02
    status Active
27. 2021-08-30
    historical Active Under Contract
28. 2021-08-20
    price $565,000
29. 2021-08-17
    price $574,991
30. 2021-07-22
    listed $575,000 Active
31. 2021-07-22
    listed $550,000
32. 2005-12-05
    soldstatus $407,000
33. 2001-09-06
    soldstatus $152,900
34. 1994-04-29
    soldstatus $123,000
35. 1989-03-22
    soldstatus $122,500
36. 1986-08-20
    soldstatus $110,000

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,685
• − Mortgage interest: −$8,962
• − Property taxes: −$2,400
• − Insurance: −$800
• − Repairs & maintenance: −$3,095
• − Management: −$3,095
• − Depreciation: −$4,655
• Taxable income: $15,679
• Est. tax owed @ 24.0%: −$3,763
• After-tax cash flow: $13,530/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 — Coral Springs

• Score: 79/100
• State rank: #145
• US rank: #2163

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coral Springs, FL
• County: Broward County · 1,963,430 people
• City population: 101,171
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 58,916
• Household income: $74,226
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 3488.0

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 0.72)
• Race & ethnicity: Hispanic / Latino 33% White 30% Black 28% Two or more races 21% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 9% Romanian 2% Estonian 1%
• Foreign-born: 35% · Canada, Jamaica, China
• Languages at home: 61% English-only · Spanish 26% French/Haitian/Cajun 8% Other Indo-European 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: —

Market trends

• HPI YoY: ▼ -113.43%
• Current HPI: 402.3476
• Rent YoY: ▬ -0.03%
• 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

+45.5% since first listed

36 events — show timeline

• 2026-04-14 Pending — MARMLS
• 2026-04-07 Listed $160,000 MARMLS
• 2025-08-01 Listing Removed — MARMLS
• 2025-07-31 Relisted — MARMLS
• 2025-06-10 Contingent — MARMLS
• 2025-05-27 Relisted — MARMLS
• 2025-03-31 Pending — MARMLS
• 2025-03-31 Contingent — MARMLS
• 2025-03-11 Price Changed $539,997 MARMLS
• 2025-03-04 Relisted — MARMLS
• 2025-02-27 Contingent — MARMLS
• 2025-02-20 Listed $580,000 MARMLS
• 2024-11-25 Listing Removed — MARMLS
• 2024-11-14 Contingent — MARMLS
• 2024-10-07 Relisted — MARMLS
• 2024-10-07 Price Changed $587,000 MARMLS
• 2024-10-01 Contingent — MARMLS
• 2024-09-04 Price Changed $689,000 MARMLS
• 2024-05-25 Listed $710,000 MARMLS
• 2021-12-15 Sold (Public Records) $545,000 Public Records
• 2021-12-13 Sold (MLS) $545,000 HSBOR
• 2021-12-13 Sold (MLS) $545,000 Beaches MLS
• 2021-10-25 Contingent — Beaches MLS
• 2021-09-30 Price Changed $550,000 Beaches MLS
• 2021-09-13 Price Changed $560,000 Beaches MLS
• 2021-09-02 Relisted — Beaches MLS
• 2021-08-30 Contingent — Beaches MLS
• 2021-08-20 Price Changed $565,000 Beaches MLS
• 2021-08-17 Price Changed $574,991 Beaches MLS
• 2021-07-22 Listed $550,000 HSBOR
• 2021-07-22 Listed $575,000 Beaches MLS
• 2005-12-05 Sold (Public Records) $407,000 Public Records
• 2001-09-06 Sold (Public Records) $152,900 Public Records
• 1994-04-29 Sold (Public Records) $123,000 Public Records
• 1989-03-22 Sold (Public Records) $122,500 Public Records
• 1986-08-20 Sold (Public Records) $110,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $14,546 · +13.7% YoY. Source: county tax records.