6260 NE 18th Ave #722 · Fort Lauderdale, FL 33334

$159,900

2 bd · 1.0 ba · 950 sqft · Condo public records · 99 Days on market

Built 1967 $513/mo HOA · 16% of rent

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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 +4.1/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculate 2/1 co-op in the heart of Ft. Lauderdale is ready to move in! Property features tile and carpet floors, walk-in closet, separate dining area and so much more. Close to beaches, entertainment, restaurants, highways, etc. Make us an offer today!

Key facts

• New cabinets
• Kitchen island
• Impact windows

Tags

• HIGH-QUALITY UPGRADES
• NEW CABINETS
• STAINLESS STEEL APPLIANCES
• KITCHEN ISLAND
• IMPACT WINDOWS
• NEW WINDOW TREATMENTS

Property features AI

Finance

• HOA & community: Monthly HOA fee of $513; Association amenities include clubhouse, pool, picnic area, shuffleboard court, community room, kitchen facilities, library, and maintenance; HOA covers insurance, grounds and structure maintenance, pest control, sewer, trash, common areas, roof repairs and pool service; Senior community

Exterior

• Security: Other security features
• Utilities: Water included in HOA; Sewer included in HOA; Electric service available
• Home design: Stock cooperative; Resale condition; 24-story building; Faces south; Entry on second level
• Construction: Block construction
• Exterior features: Second-floor entry; Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Disposal
• Bedrooms: 2 bedrooms on main level
• Flooring: Vinyl
• Bathrooms: 1 full bathroom on main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Kitchen island; Walk-in closets; Blinds on windows; Partially furnished
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $881 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 2.2% 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.
• Market conditions: Rents rising (+2.0%/yr); 355 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $3,177/mo this rent would consume 51% of the median local household income ($75k/yr) (locally 1755% 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 + 2.0% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $160k implies a 203% 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 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.99% ✓
• Cap rate: 12.91%
• Cash-on-cash: 23.63%
• DSCR: 2.05
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.01% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 1.61×
• Total profit: $27,466
• Equity at exit: $23,842

10-year hold

• IRR: 23.3%
• Equity multiple: 2.90×
• Total profit: $85,103
• Equity at exit: $13,825

Cash invested: $44,772 (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 33334

• Home prices YoY: -34.6%
• Rents YoY: 2.0%
• Active inventory: 355
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $3,177 high
• Mortgage (P&I): −$839
• Tax from tax record: −$210 /mo · $2,520/yr
• Insurance: −$67
• HOA: −$513
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $881

Break-even live

Break-even rent $2,061

Max offer price $159,900

Occupancy floor 67%

Sensitivity live

Price	-10% $972	-5% $927	+0% $881	+5% $836	+10% $791
Rent	-10% $630	-5% $756	+0% $881	+5% $1,007	+10% $1,132
Rate	-1.0pp $962	-0.5pp $922	base $881	+0.5pp $840	+1.0pp $798

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
160 SE 12th St Pompano Beach, FL	2.0	2.0	950	$5,390	$5.67	25d	1	0.68mi
1156 SW 4th Ave Pompano Beach, FL	2.0	1.0	945	$3,300	$3.49	6d	1	0.74mi
2400 NE 65th St Fort Lauderdale, FL	1.0–3.0	1.0–2.0	1103	$2,814	$2.55	2d	16	0.87mi
1631 S Federal Hwy Pompano Beach, FL	1.0–3.0	1.0–2.0	1092	$2,694	$2.47	2d	17	1.00mi
540 NE 59th Ct Fort Lauderdale, FL	3.0	2.0	964	$3,400	$3.53	25d	1	1.09mi
5841 NE 3rd Ave Fort Lauderdale, FL	3.0	2.0	834	$3,200	$3.84	25d	1	1.30mi
6500 N Andrews Ave Fort Lauderdale, FL	2.0	1.0–2.0	943	$3,146	$3.34	3d	31	1.38mi

HOA detail condo

• Monthly dues: $513 · $6,156/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $159,900 Active 99 DOM
2. 2026-06-17
   days on market $159,900 Active 98 DOM
3. 2026-06-16
   days on market $159,900 Active 97 DOM
4. 2026-06-15
   days on market $159,900 Active 96 DOM
5. 2026-06-13
   days on market $159,900 Active 94 DOM
6. 2026-06-10
   price $159,900 Active 90 DOM
7. 2026-06-09
   days on market $169,900 Active 90 DOM
8. 2026-06-07
   days on market $169,900 Active 88 DOM
9. 2026-06-04
   days on market $169,900 Active 85 DOM
10. 2026-06-03
    days on market $169,900 Active 84 DOM
11. 2026-06-02
    days on market $169,900 Active 83 DOM
12. 2026-06-01
    days on market $169,900 Active 82 DOM
13. 2026-05-31
    days on market $169,900 Active 81 DOM
14. 2025-12-12
    listed $169,900 Active
15. 2017-02-24
    soldstatus $52,722 Sold 254-char remark

    Show marketing remark (254 chars)

    Immaculate 2/1 co-op in the heart of Ft. Lauderdale is ready to move in! Property features tile and carpet floors, walk-in closet, separate dining area and so much more. Close to beaches, entertainment, restaurants, highways, etc. Make us an offer today!

16. 2017-01-19
    status Pending 254-char remark

    Show marketing remark (254 chars)

    Immaculate 2/1 co-op in the heart of Ft. Lauderdale is ready to move in! Property features tile and carpet floors, walk-in closet, separate dining area and so much more. Close to beaches, entertainment, restaurants, highways, etc. Make us an offer today!

17. 2016-12-31
    listed $59,999 Active 254-char remark

    Show marketing remark (254 chars)

    Immaculate 2/1 co-op in the heart of Ft. Lauderdale is ready to move in! Property features tile and carpet floors, walk-in closet, separate dining area and so much more. Close to beaches, entertainment, restaurants, highways, etc. Make us an offer today!

ⓘ 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: $2,520 · $210/mo
• Projected year-2 tax: $2,520 · $210/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 4/10 Moderate FEMA zone X (shaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 23 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,121
• − Mortgage interest: −$8,957
• − Property taxes: −$2,520
• − Insurance: −$800
• − Repairs & maintenance: −$3,050
• − Management: −$3,050
• − HOA: −$6,156
• − Depreciation: −$4,652
• Taxable income: $8,937
• Est. tax owed @ 24.0%: −$2,145
• After-tax cash flow: $8,433/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 — 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 · 1,963,430 people
• City population: 235,769
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 30,935
• Household income: $75,361
• Rent vs Own: 43.3% rent · 56.7% own
• Severe rent burden: 1755.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 43% Hispanic / Latino 32% Two or more races 25% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 4%
• Common ancestry: Hispanic 5% Lithuanian 3% Romanian 2%
• Foreign-born: 31% · Canada, Jamaica, Vietnam
• Languages at home: 59% English-only · Spanish 28% Other Indo-European 5% French/Haitian/Cajun 5%

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: ▼ -208.58%
• Current HPI: 394.9526
• Rent YoY: ▲ 2.01%
• 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

+183.2% since first listed

4 events — show timeline

• 2025-12-12 Listed $169,900 Beaches MLS
• 2017-02-24 Sold (MLS) $52,722 MARMLS
• 2017-01-19 Pending — MARMLS
• 2016-12-31 Listed $59,999 MARMLS

Property tax history

+15.1%/yr

Latest (2025): $2,520 · +8.3% YoY. Source: county tax records.