5208 NE 24th Ter Unit F106 · Fort Lauderdale, FL
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.1/5.0
- Schools +3.9/10.0
- Condition / age +3.8/5.0
- Rent growth +3.4/5.0
- Appreciation +0.0/10.0
$164,900
5208 NE 24th Ter Unit F106 · Fort Lauderdale, FL 33308
2 bd · 1.0 ba · 875 sqft · Condo
public records
· 196 Days on market
Built 1965
$188/sqft
· 25% below area
Est $221k · 25% under
$596/mo HOA · 18% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Charming 2 bed condo located in a traditional Florida complex surrounded by tropical landscaping, established palms, heated pool, barbecues and active community area. Awesome 1st floor location with tile floors, open bar in the kitchen leading to the dining table, stainless steel appliances, dome ceiling, spacious family room, bathroom has a unique feature giving a step- in shower, both bedroom have plenty of closet space. This home is beautifully kept and ready for a new owner to bring their personal touches.
Key facts
- 1st floor location
- New roofs
- Step-in shower
Tags
Neighborhood map
Sold within
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 2-bed/1.0-bath condo listed at $165k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $808 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $165k).
- Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.2% 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: Mcnab Elementary School (math 51% / reading 63%, grade C+, #781 of 2,144 statewide, top 38%, 614 students, 56% FRL); Pompano Beach Middle School (math 29% / reading 40%, grade F, #421 of 571 statewide, top 74%, 1,040 students, 73% FRL); Northeast High School (math 12% / reading 37%, grade F, #505 of 667 statewide, top 79%, 1,552 students, 69% FRL).
- Market conditions: Rents rising (+3.6%/yr); 985 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
- This rent runs 43% of the median local income ($94k/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 $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 + 3.6% rent growth), your $46k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 196 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
- Current owner paid $65k; list at $165k implies a 154% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 2.5% of price.
Recommended offer
$145,112
(12.0% below list)
Questions for the listing agent
- It's been on market 196 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 2.06% ✓
- Cap rate
- 12.17%
- Cash-on-cash
- 20.99%
- DSCR
- 1.93
- GRM
- 4.0
CMA / ARV
- ARV (median comp)
- $220,987
- List price
- $164,900
- Delta
- -25.38%
- 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 |
|---|---|---|---|---|---|---|---|
| 2220 NE 68th St #1012 | 1.26mi | 2/2.0 | 875 (0%) | 0mo | $195,000 | $223 | 61 |
| 1900 S Ocean Blvd Unit 14l | 1.49mi | 1/1.0 (-1) | 870 (-1%) | 1mo | $325,000 | $374 | 58 |
| 1900 S Ocean Blvd Apt 6j | 1.49mi | 1/1.5 (-1) | 890 (+2%) | 0mo | $415,000 | $466 | 55 |
| 4010 Galt Ocean Dr #1509 | 1.38mi | 1/1.0 (-1) | 850 (-3%) | 0mo | $325,000 | $382 | 55 |
| 4250 Galt Ocean Dr Unit 12g | 1.23mi | 1/1.0 (-1) | 850 (-3%) | 0mo | $270,000 | $318 | 55 |
| 4800 Bayview Dr #402 | 0.40mi | 2/2.0 | 1,032 (+18%) | 1mo | $300,000 | $291 | 52 |
| 2000 NE 51st Ct #201 | 0.51mi | 2/1.0 | 700 (-20%) | 0mo | $148,000 | $211 | 51 |
| 3850 Galt Ocean Dr #1804 | 1.45mi | 1/1.5 (-1) | 980 (+12%) | 1mo | $460,000 | $469 | 37 |
| 3850 Galt Ocean Dr #1204 | 1.45mi | 1/1.5 (-1) | 1,050 (+20%) | 0mo | $347,500 | $331 | 33 |
| 3900 Galt Ocean Dr #2204 | 1.41mi | 1/1.5 (-1) | 1,088 (+24%) | 0mo | $475,000 | $437 | 33 |
| 3900 Galt Ocean Dr #1814 | 1.41mi | 1/1.5 (-1) | 1,088 (+24%) | 1mo | $340,000 | $313 | 32 |
| 6000 N Ocean Blvd Unit 8e | 1.37mi | 1/1.5 (-1) | 686 (-22%) | 1mo | $320,000 | $466 | 32 |
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 · 3.63% rent growth · sell at horizon
5-year hold
- IRR
- 14.6%
- Equity multiple
- 1.59×
- Total profit
- $27,398
- Equity at exit
- $24,587
10-year hold
- IRR
- 24.1%
- Equity multiple
- 3.19×
- Total profit
- $101,160
- Equity at exit
- $14,258
Cash invested: $46,172 (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.
Active competition Active MLS
- For sale now
- 2 active · 3 under contract
- Median asking
- $267,500 ($288/sqft)
- Median days on market
- 111 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -12.4% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33308
- Rents YoY
- 3.6%
- Active inventory
- 985
- Price-to-rent
- 4.0×
Monthly cashflow live
↻
- Estimated rent
- $3,398 high interval (Pro) →
- Mortgage (P&I)
- −$865
- Tax from tax record
- −$347 /mo · $4,163/yr
- Insurance
- −$69
- HOA
- −$596
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$714
- Net cashflow
- $808
Break-even live
Break-even rent
$2,375
Max offer price
$164,900
Occupancy floor
71%
Sensitivity live
| Price | -10% $901 | -5% $854 | +0% $808 | +5% $761 | +10% $714 |
|---|---|---|---|---|---|
| Rent | -10% $539 | -5% $674 | +0% $808 | +5% $942 | +10% $1,076 |
| Rate | -1.0pp $891 | -0.5pp $850 | base $808 | +0.5pp $765 | +1.0pp $722 |
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
- $41,225
- Closing costs
- $4,947
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2901 NE 51st St #3 Fort Lauderdale, FL | 2.0 | 2.0 | 800 | $2,900 | $3.62 | 2d | 1 | 0.29mi |
| 4800 Bayview Dr #303 Fort Lauderdale, FL | 2.0 | 2.0 | 1032 | $3,500 | $3.39 | 120d | 1 | 0.41mi |
| 5100 DuPont Blvd Unit 10N Fort Lauderdale, FL | 2.0 | 2.5 | 1079 | $6,000 | $5.56 | 55d | 1 | 0.53mi |
| 5340 NE 17th Ter Unit 1-2 Fort Lauderdale, FL | 3.0 | 3.0 | 1050 | $3,900 | $3.71 | 69d | 1 | 0.73mi |
| 1611 NE 50th Ct Unit 1 Fort Lauderdale, FL | 2.0 | 2.0 | 825 | $3,000 | $3.64 | 86d | 1 | 0.81mi |
| 4512 Sea Grape Dr Unit 1 Lauderdale-By-The-Sea, FL | 1.0 | 1.0 | 853 | $3,500 | $4.10 | 120d | 1 | 0.84mi |
| 4627 Bougainvilla Dr Unit 2E Lauderdale by the Sea, FL | 2.0 | 2.0 | 803 | $3,200 | $3.99 | 18d | 1 | 0.96mi |
| 4564 El Mar Dr #4 Lauderdale by the Sea, FL | 1.0 | 1.0 | 566 | $3,500 | $6.18 | 113d | 1 | 1.07mi |
| 4013 N Ocean Dr #102 Lauderdale by the Sea, FL | 1.0 | 1.5 | 790 | $3,500 | $4.43 | 83d | 1 | 1.08mi |
| 4144 El Mar Dr Unit 1 Lauderdale-By-The-Sea, FL | 2.0 | 2.0 | 1116 | $2,995 | $2.68 | 37d | 1 | 1.10mi |
| 4144 El Mar Dr Unit 1 Lauderdale-By-The-Sea, FL | 2.0 | 2.0 | 1116 | $3,250 | $2.91 | 120d | 1 | 1.10mi |
| 4900 N Ocean Blvd #1509 Lauderdale by the Sea, FL | 1.0 | 1.5 | 960 | $3,250 | $3.39 | 42d | 1 | 1.13mi |
| 4900 N Ocean Blvd #1601 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $4,000 | $4.00 | 120d | 1 | 1.13mi |
| 4900 N Ocean Blvd #1601 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $3,750 | $3.75 | 46d | 1 | 1.13mi |
| 4900 N Ocean Blvd #1209 Lauderdale by the Sea, FL | 1.0 | 2.0 | 960 | $4,000 | $4.17 | 79d | 1 | 1.13mi |
| 2400 NE 65th St Fort Lauderdale, FL | 1.0–3.0 | 1.0–2.0 | 1092 | $3,518 | $3.22 | 0d | 21 | 1.14mi |
| 5000 N Ocean Blvd #506 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,900 | $3.61 | 120d | 1 | 1.17mi |
| 5000 N Ocean Blvd #506 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,900 | $3.61 | 64d | 1 | 1.17mi |
| 1400 NE 54th St Fort Lauderdale, FL | 2.0–3.0 | 2.0–3.0 | 1352 | $2,950 | $2.18 | 19d | 2 | 1.18mi |
| 1400 NE 54th St #107 Fort Lauderdale, FL | 2.0 | 2.0 | 952 | $2,950 | $3.10 | 11d | 1 | 1.18mi |
| 5100 N Ocean Blvd #502 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,400 | $3.15 | 120d | 1 | 1.20mi |
| 5100 N Ocean Blvd #1701 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $5,000 | $4.63 | 41d | 1 | 1.20mi |
| 5100 N Ocean Blvd #602 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $4,250 | $3.94 | 5d | 1 | 1.20mi |
| 5100 N Ocean Blvd #802 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,850 | $3.56 | 19d | 1 | 1.20mi |
| 5100 N Ocean Blvd #602 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,500 | $3.24 | 31d | 1 | 1.20mi |
| 5100 N Ocean Blvd #401 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $4,200 | $3.89 | 7d | 1 | 1.20mi |
| 5200 N Ocean Blvd Unit 109C Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $4,799 | $4.80 | 24d | 1 | 1.24mi |
| 4250 Galt Ocean Dr Unit PHM Fort Lauderdale, FL | 1.0 | 1.5 | 950 | $3,200 | $3.37 | 24d | 1 | 1.25mi |
| 4250 Galt Ocean Dr Unit PHM Fort Lauderdale, FL | 1.0 | 1.5 | 950 | $4,000 | $4.21 | 31d | 1 | 1.25mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,750 | $3.41 | 68d | 2 | 1.25mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,650 | $3.32 | 47d | 2 | 1.25mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,300 | $3.00 | 41d | 3 | 1.25mi |
| 5200 N Ocean Blvd Lauderdale by the Sea, FL | 1.0–2.0 | 1.5–2.0 | 1165 | $4,800 | $4.12 | 2d | 2 | 1.25mi |
| 1631 S Federal Hwy Pompano Beach, FL | 1.0–3.0 | 1.0–2.0 | 1092 | $2,686 | $2.46 | 0d | 16 | 1.26mi |
| 6407 Bay Club Dr #1 Fort Lauderdale, FL | 1.0 | 1.5 | 850 | $3,000 | $3.53 | 31d | 1 | 1.27mi |
| 3101 Port Royale Blvd Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 752 | $2,865 | $3.81 | 35d | 20 | 1.36mi |
| 6000 N Ocean Blvd Unit 1D Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,200 | $3.54 | 117d | 1 | 1.38mi |
| 6000 N Ocean Blvd Unit 1D Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,000 | $3.32 | 10d | 1 | 1.38mi |
| 6000 N Ocean Blvd Unit 10A Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,500 | $3.87 | 70d | 1 | 1.38mi |
| 4010 Galt Ocean Dr Fort Lauderdale, FL | 2.0–3.0 | 2.0 | 810 | $3,200 | $3.95 | 100d | 3 | 1.38mi |
Property features AI
Finance
- Other
- Building name: Maybury MansionsLiving area reported as 875 (source: Appraiser)
- Financial info
- Pets not allowed (multifamily rules)
- HOA & community
- Association fee charged monthly
Exterior
- Parking
- Assigned parking (1 space)1 open parking space
- Security
- Other security features
- Utilities
- Public waterPublic sewerElectricity availableSewer connectedWater available
- Home design
- CondominiumResale conditionSouth-facing3 total storiesEntry level 1
- Construction
- CBS constructionBarrel roof
- Exterior features
- First-floor entryNot waterfront
Interior
- Kitchen
- DishwasherElectric rangeGas rangeRefrigerator
- Bedrooms
- 2 bedrooms on the main level
- Flooring
- Ceramic tile flooring
- Bathrooms
- 1 full bathroom
- Heating & cooling
- Electric heatingWindow/wall heatingElectric coolingWall/window cooling units
- Interior features
- Electric water heaterSecurity features present
HOA detail $596/mo · $7,152/yr condo
- Likely covers
- landscapingpool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-23days on market $164,900 Active 196 DOM
-
2026-09-22days on market $164,900 Active 195 DOM
-
2026-09-20days on market $164,900 Active 193 DOM
-
2026-09-18days on market $164,900 Active 191 DOM
-
2026-09-17days on market $164,900 Active 190 DOM
-
2026-09-16days on market $164,900 Active 189 DOM
-
2026-09-15days on market $164,900 Active 188 DOM
-
2026-09-14days on market $164,900 Active 187 DOM
-
2026-09-13days on market $164,900 Active 186 DOM
-
2026-09-12days on market $164,900 Active 185 DOM
-
2026-09-11days on market $164,900 Active 184 DOM
-
2026-09-05days on market $164,900 Active 178 DOM
-
2026-09-04days on market $164,900 Active 177 DOM
-
2026-08-31days on market $164,900 Active 173 DOM
-
2026-08-29days on market $164,900 Active 171 DOM
-
2026-08-28days on market $164,900 Active 170 DOM
-
2026-08-27days on market $164,900 Active 169 DOM
-
2026-08-25pricedays on market $164,900 Active 167 DOM
-
2026-08-24days on market $169,900 Active 166 DOM
-
2026-08-23days on market $169,900 Active 165 DOM
-
2026-08-22days on market $169,900 Active 164 DOM
-
2026-08-21days on market $169,900 Active 163 DOM
-
2026-08-20days on market $169,900 Active 162 DOM
-
2026-08-19days on market $169,900 Active 161 DOM
-
2026-08-18days on market $169,900 Active 160 DOM
-
2026-08-16days on market $169,900 Active 158 DOM
-
2026-08-15days on market $169,900 Active 157 DOM
-
2026-08-14days on market $169,900 Active 156 DOM
-
2026-08-13days on market $169,900 Active 155 DOM
-
2026-08-12days on market $169,900 Active 154 DOM
-
2026-08-11days on market $169,900 Active 153 DOM
-
2026-08-10days on market $169,900 Active 152 DOM
-
2026-08-09days on market $169,900 Active 151 DOM
-
2026-08-08days on market $169,900 Active 150 DOM
-
2026-08-06days on market $169,900 Active 148 DOM
-
2026-08-05days on market $169,900 Active 147 DOM
-
2026-08-03days on market $169,900 Active 145 DOM
-
2026-07-31days on market $169,900 Active 142 DOM
-
2026-07-28days on market $169,900 Active 139 DOM
-
2026-07-24days on market $169,900 Active 135 DOM
-
2026-07-23days on market $169,900 Active 134 DOM
-
2026-07-22days on market $169,900 Active 133 DOM
-
2026-07-21days on market $169,900 Active 132 DOM
-
2026-07-20days on market $169,900 Active 131 DOM
-
2026-07-16days on market $169,900 Active 127 DOM
-
2026-07-15days on market $169,900 Active 126 DOM
-
2026-07-14days on market $169,900 Active 125 DOM
-
2026-07-13days on market $169,900 Active 124 DOM
-
2026-07-13days on market $169,900 Active 123 DOM
-
2026-07-11days on market $169,900 Active 122 DOM
ⓘ 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
- $4,163 · $347/mo
- Projected year-2 tax
- $4,163 · $347/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $40,772
- − Mortgage interest
- −$9,237
- − Property taxes
- −$4,163
- − Insurance
- −$824
- − Repairs & maintenance
- −$3,262
- − Management
- −$3,262
- − HOA
- −$7,152
- − Depreciation
- −$4,797
- Taxable income
- $8,075
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$1,938
- After-tax cash flow
- $7,755/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 · 9 photos
75/100
Cosmetic rehab
Est. rehab $4,375–$13,125 screening
This charming 2-bedroom condo is in good condition with a well-maintained exterior and interior. It's located in a traditional Florida complex with tropical landscaping and a heated pool, making it an attractive option for both resale and rental.
Components & finishes AI
Flooring tile
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and resale value ↑
- Both Replace tile floors — Improves aesthetics and functionality ↑
ⓘ 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.
F
Composite school gradezoned avg 39/100
Zoned Schools
Elementary
Mcnab Elementary School
C+
FL #781/2,144
Nat'l #8,534/41,679
Middle
Pompano Beach Middle School
F
FL #421/571
Nat'l #7,581/14,009
High
Northeast High School
F
FL #505/667
Nat'l #12,478/17,239
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)
- 27,935
- Household income
- $93,879
- Rent vs Own
- Severe rent burden
- 21% 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 (75%)
- Race & ethnicity
- White 75% Hispanic / Latino 16% Two or more races 14% Asian 3% Black 2%
- Hispanic origin (detail)
- Puerto Rican 2% Cuban 3%
- Common ancestry
- Romanian 4% Lithuanian 3% Scotch-Irish 3%
- Foreign-born
- 24% · Canada, Jamaica, Dominican Republic
- Languages at home
- 75% English-only · Spanish 14% Other Indo-European 5% Russian/Polish/Slavic 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
- ▼ -417.95%
- Current HPI
- 325.3902
- Rent YoY
- ▲ 3.63%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+225.5% since first listed3 events — show timeline
- 2026-03-06 Listed $179,000 Beaches MLS
- 1997-04-01 Sold (Public Records) $65,000 Public Records
- 1992-05-15 Sold (Public Records) $55,000 Public Records
Property tax history
+13.7%/yrLatest (2025): $4,163 · +2.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…