3051 NW 46th Ave #405 · Lauderdale Lakes, FL 33313

$89,000

1 bd · 1.0 ba · 768 sqft · Condo public records · 121 Days on market

Built 1972 $406/mo HOA · 26% 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 +28.1/30.0
• 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 +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and well maintained 1 bedroom/1.5 bath condo with lots of natural light. Ample bedroom with plenty of closet space. Enjoy your favorite beverage in the enclosed balcony/sunroom. This excellent 55 and older community offers 3 heated pools, shuffleboard, gym, library, ping-pong, billiard, and more. Centrally located, close to shopping, restaurants and highways. Water, TV antenna and basic internet included in the association monthly payment. Association requires 25% down payment, if financed. No rentals for the first year of ownership. No pets allowed.

Key facts

• Fitness center
• Clubhouse
• Top-floor penthouse

Tags

• TOP-FLOOR PENTHOUSE
• ENCLOSED FLORIDA ROOM
• THREE HEATED POOLS
• CLUBHOUSE
• FITNESS CENTER
• SAUNA

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association covers amenities, common areas, and grounds maintenance; Community amenities include billiard room, clubhouse, fitness center, barbecue, picnic area, pickleball, pool, shuffleboard court, sauna, spa/hot tub; Senior community

Exterior

• Parking: Assigned parking; Guest parking
• Security: Exterior lighting
• Utilities: Cable available
• Home design: Attached property; Single-story unit within a 4-story building; Entry on level 4
• Construction: Block construction
• Exterior features: Complex is fenced; Association pool

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Bedroom located on main level
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds on windows; Closet cabinetry; Elevator access; Living/dining room; Main living area on entry level
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $89k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 5.6% in Lauderdale Lakes — 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 81/100 on livability (#100 in FL, #1,527 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime 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 flat; 664 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 41% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $70k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.
• 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 $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.77% ✓
• Cap rate: 10.05%
• Cash-on-cash: 13.40%
• DSCR: 1.60
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-695
• Equity at exit: $13,270

10-year hold

• IRR: 4.4%
• Equity multiple: 1.27×
• Total profit: $6,733
• Equity at exit: $7,695

Cash invested: $24,920 (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 33313

• Rents YoY: 0.3%
• Active inventory: 664
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$467
• Tax from tax record: −$60 /mo · $718/yr
• Insurance: −$37
• HOA: −$406
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $278

Break-even live

Break-even rent $1,227

Max offer price $89,000

Occupancy floor 77%

Sensitivity live

Price	-10% $329	-5% $303	+0% $278	+5% $253	+10% $228
Rent	-10% $153	-5% $216	+0% $278	+5% $341	+10% $403
Rate	-1.0pp $323	-0.5pp $301	base $278	+0.5pp $255	+1.0pp $232

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2901 NW 47th Ter Unit 247B Lauderdale Lakes, FL	1.0	1.5	662	$1,400	$2.11	0d	1	0.12mi
2901 NW 47th Ter Unit 348B Lauderdale Lakes, FL	1.0	1.5	662	$1,350	$2.04	25d	1	0.12mi
3061 NW 47th Ter Unit 335B Lauderdale Lakes, FL	1.0	1.5	662	$1,500	$2.27	0d	1	0.12mi
3061 NW 47th Ter Unit 327B Lauderdale Lakes, FL	1.0	1.5	662	$1,600	$2.42	9d	1	0.12mi
3061 NW 47th Ter Unit 132C Lauderdale Lakes, FL	1.0	1.0	610	$1,500	$2.46	25d	1	0.12mi
3061 NW 47th Ter #327 Lauderdale Lakes, FL	1.0	1.5	662	$1,500	$2.27	25d	1	0.12mi
2861 NW 47th Ter Unit 207B Lauderdale Lakes, FL	1.0	1.0	768	$1,400	$1.82	25d	1	0.15mi
2861 NW 47th Ter Lauderdale Lakes, FL	2.0	2.0	1021	$1,700	$1.67	25d	1	0.15mi
2861 NW 47th Ter Unit 201A Lauderdale Lakes, FL	2.0	2.0	1021	$1,700	$1.67	0d	1	0.15mi
3099 NW 48th Ave #153 Lauderdale Lakes, FL	2.0	2.0	960	$1,850	$1.93	25d	1	0.16mi
3001 NW 48th Ave #440 Lauderdale Lakes, FL	1.0	1.5	705	$1,300	$1.84	25d	1	0.17mi
2800 NW 47th Ter Unit 106B Lauderdale Lakes, FL	1.0	1.0	768	$1,650	$2.15	25d	1	0.17mi
3070 NW 48th Ter #104 Lauderdale Lakes, FL	2.0	2.0	960	$1,750	$1.82	25d	1	0.25mi
3070 NW 48th Ter #405 Lauderdale Lakes, FL	2.0	2.0	960	$1,850	$1.93	4d	1	0.25mi
3070 NW 48th Ter Lauderdale Lakes, FL	2.0	2.0	960	$1,750	$1.82	9d	2	0.25mi
3301 NW 47th Ter #308 Lauderdale Lakes, FL	1.0	2.0	750	$2,200	$2.93	13d	1	0.27mi
3030 NW 43rd Ter Lauderdale Lakes, FL	1.0	1.0	592	$1,400	$2.36	0d	2	0.27mi
3030 NW 43rd Ter Lauderdale Lakes, FL	1.0	1.0	592	$1,400	$2.36	3d	2	0.27mi
3030 NW 43rd Ter #102 Lauderdale Lakes, FL	1.0	1.0	710	$1,450	$2.04	25d	1	0.28mi
3141 NW 47th Ter #430 Lauderdale Lakes, FL	2.0	2.0	1002	$1,700	$1.70	23d	1	0.29mi
3161 NW 47th Ter #111 Lauderdale Lakes, FL	1.0	1.5	721	$1,500	$2.08	25d	1	0.29mi
3161 NW 47th Ter #110 Lauderdale Lakes, FL	1.0	1.5	721	$1,500	$2.08	6d	1	0.29mi
3141 NW 47th Ter Lauderdale Lakes, FL	1.0–2.0	1.5–2.0	861	$1,440	$1.67	25d	2	0.29mi
2980 NW 43rd Ter #207 Lauderdale Lakes, FL	2.0	2.0	890	$1,800	$2.02	25d	1	0.29mi
3033 NW 43rd Ave #108 Lauderdale Lakes, FL	1.0	1.0	650	$1,590	$2.45	15d	1	0.31mi
3341 NW 47th Ter #301 Lauderdale Lakes, FL	2.0	2.0	1002	$2,050	$2.05	4d	1	0.32mi
5021 W Oakland Park Blvd Lauderdale Lakes, FL	1.0	1.0	684	$1,550	$2.27	19d	2	0.37mi
4851 NW 26th Ct #338 Lauderdale Lakes, FL	1.0	1.0	705	$1,650	$2.34	18d	1	0.39mi
5031 W Oakland Park Blvd Lauderdale Lakes, FL	1.0	1.0	683	$1,400	$2.05	11d	2	0.43mi
5051 W Oakland Park Blvd #204 Lauderdale Lakes, FL	2.0	2.0	944	$1,900	$2.01	25d	1	0.45mi
4400 NW 36th St Lauderdale Lakes, FL	2.0–3.0	1.0–2.0	1100	$1,700	$1.55	6d	9	0.46mi
3460 NW 50th Ave Lauderdale Lakes, FL	1.0–2.0	1.0–2.0	750	$1,499	$2.00	18d	3	0.46mi
5111 W Oakland Park Blvd #301 Lauderdale Lakes, FL	2.0	2.0	944	$1,700	$1.80	6d	1	0.47mi
4141 NW 26th St #316 Lauderhill, FL	1.0	1.0	624	$1,450	$2.32	25d	1	0.48mi
4121 NW 26th St Unit T16 Lauderhill, FL	1.0	1.5	750	$1,500	$2.00	25d	1	0.49mi
3531 NW 50th Ave #609 Lauderdale Lakes, FL	1.0	1.0	684	$1,350	$1.97	25d	1	0.54mi
5151 W Oakland Park Blvd #303 Lauderdale Lakes, FL	2.0	2.0	944	$1,850	$1.96	25d	1	0.54mi
2916 NW 55th Ave Unit 2A Lauderhill, FL	2.0	2.0	1060	$2,200	$2.08	9d	1	0.59mi
3430 NW 52nd Ave #210 Lauderdale Lakes, FL	2.0	2.0	944	$1,850	$1.96	25d	1	0.61mi
2914 NW 55th Ave Unit 1D Lauderhill, FL	1.0	1.5	840	$1,600	$1.90	19d	1	0.61mi

HOA detail condo

• Monthly dues: $406 · $4,872/yr
• Likely covers: waterinternetpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-21
   days on market $89,000 Active 121 DOM
2. 2026-06-18
   days on market $89,000 Active 118 DOM
3. 2026-06-17
   days on market $89,000 Active 117 DOM
4. 2026-06-16
   days on market $89,000 Active 116 DOM
5. 2026-06-15
   days on market $89,000 Active 115 DOM
6. 2026-06-13
   days on market $89,000 Active 113 DOM
7. 2026-06-09
   days on market $89,000 Active 109 DOM
8. 2026-06-07
   days on market $89,000 Active 107 DOM
9. 2026-06-04
   days on market $89,000 Active 104 DOM
10. 2026-06-03
    days on market $89,000 Active 103 DOM
11. 2026-06-02
    days on market $89,000 Active 102 DOM
12. 2026-06-01
    days on market $89,000 Active 101 DOM
13. 2026-05-31
    days on market $89,000 Active 100 DOM
14. 2026-02-20
    listed $89,000 Active
15. 2022-06-22
    soldstatus $70,000
16. 2022-06-13
    soldstatus $70,000 Closed 565-char remark

    Show marketing remark (565 chars)

    Spacious and well maintained 1 bedroom/1.5 bath condo with lots of natural light. Ample bedroom with plenty of closet space. Enjoy your favorite beverage in the enclosed balcony/sunroom. This excellent 55 and older community offers 3 heated pools, shuffleboard, gym, library, ping-pong, billiard, and more. Centrally located, close to shopping, restaurants and highways. Water, TV antenna and basic internet included in the association monthly payment. Association requires 25% down payment, if financed. No rentals for the first year of ownership. No pets allowed.

17. 2022-04-25
    status Pending 565-char remark

    Show marketing remark (565 chars)

    Spacious and well maintained 1 bedroom/1.5 bath condo with lots of natural light. Ample bedroom with plenty of closet space. Enjoy your favorite beverage in the enclosed balcony/sunroom. This excellent 55 and older community offers 3 heated pools, shuffleboard, gym, library, ping-pong, billiard, and more. Centrally located, close to shopping, restaurants and highways. Water, TV antenna and basic internet included in the association monthly payment. Association requires 25% down payment, if financed. No rentals for the first year of ownership. No pets allowed.

18. 2022-02-10
    price $75,000 565-char remark

    Show marketing remark (565 chars)

    Spacious and well maintained 1 bedroom/1.5 bath condo with lots of natural light. Ample bedroom with plenty of closet space. Enjoy your favorite beverage in the enclosed balcony/sunroom. This excellent 55 and older community offers 3 heated pools, shuffleboard, gym, library, ping-pong, billiard, and more. Centrally located, close to shopping, restaurants and highways. Water, TV antenna and basic internet included in the association monthly payment. Association requires 25% down payment, if financed. No rentals for the first year of ownership. No pets allowed.

19. 2021-11-30
    listed $90,000 Active 565-char remark

    Show marketing remark (565 chars)

    Spacious and well maintained 1 bedroom/1.5 bath condo with lots of natural light. Ample bedroom with plenty of closet space. Enjoy your favorite beverage in the enclosed balcony/sunroom. This excellent 55 and older community offers 3 heated pools, shuffleboard, gym, library, ping-pong, billiard, and more. Centrally located, close to shopping, restaurants and highways. Water, TV antenna and basic internet included in the association monthly payment. Association requires 25% down payment, if financed. No rentals for the first year of ownership. No pets allowed.

20. 2017-03-08
    soldstatus $37,000
21. 2017-02-24
    soldstatus $37,000 257-char remark

    Show marketing remark (257 chars)

    IMMACULATE 1/1 AND HALF BATH WITH AN ENCLOSED BALCONY WITH A GARDEN VIEW. NICELY FURNISHED, CERAMIC TILE IN KITCHEN AND CARPET IN BEDROOM AND LIVING ROOM. NEW WATER HEATER. LOTS OF CLOSET SPACE, MANY AMENITIES AND ACTIVITIES, CLOSE TO SHOPPING AND HIGHWAYS.

22. 2017-01-02
    listed $37,000 257-char remark

    Show marketing remark (257 chars)

    IMMACULATE 1/1 AND HALF BATH WITH AN ENCLOSED BALCONY WITH A GARDEN VIEW. NICELY FURNISHED, CERAMIC TILE IN KITCHEN AND CARPET IN BEDROOM AND LIVING ROOM. NEW WATER HEATER. LOTS OF CLOSET SPACE, MANY AMENITIES AND ACTIVITIES, CLOSE TO SHOPPING AND HIGHWAYS.

23. 2003-04-09
    soldstatus $33,200
24. 1998-04-27
    soldstatus $25,000

ⓘ 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: $718 · $60/mo
• Projected year-2 tax: $739 · $62/mo
• Expected delta: +$21/yr (+$2/mo · 2.9%)

ⓘ 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 (shaded) · 0% 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,956
• − Mortgage interest: −$4,985
• − Property taxes: −$718
• − Insurance: −$445
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − HOA: −$4,872
• − Depreciation: −$2,589
• Taxable income: $2,313
• Est. tax owed @ 24.0%: −$555
• After-tax cash flow: $2,784/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 — Lauderdale Lakes

• Score: 81/100
• State rank: #100
• US rank: #1527

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lauderdale Lakes, FL
• County: Broward County · 1,963,430 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 62,807
• Household income: $46,305
• Rent vs Own: 54.3% rent · 45.7% own
• Severe rent burden: 5692.0

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: Predominantly Black (77%)
• Race & ethnicity: Black 77% Hispanic / Latino 12% Two or more races 8% White 7% Asian 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 20%
• Foreign-born: 39% · Canada, Jamaica, Dominican Republic
• Languages at home: 66% English-only · French/Haitian/Cajun 22% Spanish 10%

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: ▼ -338.15%
• Current HPI: 288.9345
• Rent YoY: ▲ 0.26%
• 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

+256.0% since first listed

11 events — show timeline

• 2026-02-20 Listed $89,000 MARMLS
• 2022-06-22 Sold (Public Records) $70,000 Public Records
• 2022-06-13 Sold (MLS) $70,000 MARMLS
• 2022-04-25 Pending — MARMLS
• 2022-02-10 Price Changed $75,000 MARMLS
• 2021-11-30 Listed $90,000 MARMLS
• 2017-03-08 Sold (Public Records) $37,000 Public Records
• 2017-02-24 Sold (MLS) $37,000 MARMLS
• 2017-01-02 Listed $37,000 MARMLS
• 2003-04-09 Sold (Public Records) $33,200 Public Records
• 1998-04-27 Sold (Public Records) $25,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $718 · +2.0% YoY. Source: county tax records.