5321 NE 24th Ter Unit 203a · Fort Lauderdale, FL
Flood risk 5/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.23%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 27 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
- ARV discount +13.9/15.0
- 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
$185,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
UNAPPROVED SHORT SALE - Lowest Price 2/2 with amazing amenities and low HOA fees, with full reserves and no upcoming assessments in east Ft. Lauderdale!! Can't rent for two years, but otherwise a great investment! Seller Will consider seller finance. Many stores and restaurants. All furniture included. Tons of amenities. - UNAPPROVED SHORT SALE WITH HUD. REVERSE MORTGAGE MUCH HIGHER THAN APPRAISED VALUE. NEVER LIVED IN THE UNIT. CANT RENT FOR TWO YEARS SO SELLING IT. OWNER DIDN'T INSPECT.
Key facts
- $545 HOA
- Garage
- Community pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $185k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $710 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $185k).
- Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
- Cap rate 10.9% 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 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 44% 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 $6k 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 $52k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 147 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
- Current owner paid $62k; list at $185k implies a 198% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 2.5% of price.
- Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1974 — 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
- 1.84% ✓
- Cap rate
- 10.90%
- Cash-on-cash
- 16.44%
- DSCR
- 1.73
- GRM
- 4.5
CMA / ARV
- ARV (median comp)
- $215,760
- List price
- $185,000
- Delta
- -14.26%
- 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 |
|---|---|---|---|---|---|---|---|
| 4800 Bayview Dr #402 | 0.45mi | 2/2.0 | 1,032 (+11%) | 1mo | $300,000 | $291 | 60 |
| 6000 N Ocean Blvd Unit 7b | 1.32mi | 2/2.0 | 904 (-3%) | 1mo | $520,000 | $575 | 60 |
| 2220 NE 68th St #1012 | 1.19mi | 2/2.0 | 875 (-6%) | 0mo | $195,000 | $223 | 55 |
| 2180 NE 67th St #721 | 1.14mi | 2/1.5 | 875 (-6%) | 1mo | $150,000 | $171 | 53 |
| 1900 S Ocean Blvd Apt 6j | 1.44mi | 1/1.5 (-1) | 890 (-4%) | 0mo | $415,000 | $466 | 51 |
| 2000 NE 51st Ct #201 | 0.54mi | 2/1.0 | 700 (-25%) | 0mo | $148,000 | $211 | 46 |
| 1900 S Ocean Blvd Unit 14l | 1.44mi | 1/1.0 (-1) | 870 (-6%) | 1mo | $325,000 | $374 | 45 |
| 4010 Galt Ocean Dr #1509 | 1.44mi | 1/1.0 (-1) | 850 (-8%) | 0mo | $325,000 | $382 | 42 |
| 4250 Galt Ocean Dr Unit 12g | 1.28mi | 1/1.0 (-1) | 850 (-8%) | 0mo | $270,000 | $318 | 42 |
| 2121 NE 68th St #209 | 1.24mi | 2/2.0 | 1,100 (+18%) | 1mo | $230,000 | $209 | 39 |
| 3900 Galt Ocean Dr #2204 | 1.47mi | 1/1.5 (-1) | 1,088 (+17%) | 0mo | $475,000 | $437 | 33 |
| 3900 Galt Ocean Dr #1814 | 1.47mi | 1/1.5 (-1) | 1,088 (+17%) | 1mo | $340,000 | $313 | 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
- IRR
- 8.7%
- Equity multiple
- 1.35×
- Total profit
- $17,873
- Equity at exit
- $27,584
- IRR
- 18.7%
- Equity multiple
- 2.64×
- Total profit
- $84,766
- Equity at exit
- $15,995
Cash invested: $51,800 (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
Active competition Active MLS
- For sale now
- 3 active · 3 under contract
- Median asking
- $250,000 ($269/sqft)
- Median days on market
- 82 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -13.7% 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
- 4.5×
Monthly cashflow live
- Estimated rent
- $3,410 high interval (Pro) →
- Mortgage (P&I)
- −$970
- Tax from tax record
- −$392 /mo · $4,707/yr
- Insurance
- −$77
- HOA
- −$545
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$716
- Net cashflow
- $710
Break-even live
Sensitivity live
| Price | -10% $814 | -5% $762 | +0% $710 | +5% $657 | +10% $605 |
|---|---|---|---|---|---|
| Rent | -10% $440 | -5% $575 | +0% $710 | +5% $844 | +10% $979 |
| Rate | -1.0pp $803 | -0.5pp $757 | base $710 | +0.5pp $662 | +1.0pp $613 |
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
- $46,250
- Closing costs
- $5,550
- 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 | 0.31mi |
| 4800 Bayview Dr #303 Fort Lauderdale, FL | 2.0 | 2.0 | 1032 | $3,500 | $3.39 | 120d | 1 | 0.46mi |
| 5100 DuPont Blvd Unit 10N Fort Lauderdale, FL | 2.0 | 2.5 | 1079 | $6,000 | $5.56 | 55d | 1 | 0.55mi |
| 5340 NE 17th Ter Unit 1-2 Fort Lauderdale, FL | 3.0 | 3.0 | 1050 | $3,900 | $3.71 | 69d | 1 | 0.72mi |
| 1611 NE 50th Ct Unit 1 Fort Lauderdale, FL | 2.0 | 2.0 | 825 | $3,000 | $3.64 | 86d | 1 | 0.83mi |
| 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 | 0.94mi |
| 4564 El Mar Dr #4 Lauderdale by the Sea, FL | 1.0 | 1.0 | 566 | $3,500 | $6.18 | 113d | 1 | 1.07mi |
| 2400 NE 65th St Fort Lauderdale, FL | 1.0–3.0 | 1.0–2.0 | 1092 | $3,518 | $3.22 | 0d | 21 | 1.08mi |
| 4900 N Ocean Blvd #1601 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $3,750 | $3.75 | 46d | 1 | 1.10mi |
| 4900 N Ocean Blvd #1209 Lauderdale by the Sea, FL | 1.0 | 2.0 | 960 | $4,000 | $4.17 | 79d | 1 | 1.10mi |
| 4900 N Ocean Blvd #1509 Lauderdale by the Sea, FL | 1.0 | 1.5 | 960 | $3,250 | $3.39 | 42d | 1 | 1.10mi |
| 4900 N Ocean Blvd #1601 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $4,000 | $4.00 | 120d | 1 | 1.10mi |
| 4013 N Ocean Dr #102 Lauderdale by the Sea, FL | 1.0 | 1.5 | 790 | $3,500 | $4.43 | 83d | 1 | 1.12mi |
| 4144 El Mar Dr Unit 1 Lauderdale-By-The-Sea, FL | 2.0 | 2.0 | 1116 | $3,250 | $2.91 | 120d | 1 | 1.13mi |
| 4144 El Mar Dr Unit 1 Lauderdale-By-The-Sea, FL | 2.0 | 2.0 | 1116 | $2,995 | $2.68 | 37d | 1 | 1.13mi |
| 5000 N Ocean Blvd #506 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,900 | $3.61 | 64d | 1 | 1.15mi |
| 5000 N Ocean Blvd #506 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,900 | $3.61 | 120d | 1 | 1.15mi |
| 5100 N Ocean Blvd #602 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,500 | $3.24 | 31d | 1 | 1.17mi |
| 5100 N Ocean Blvd #602 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $4,250 | $3.94 | 5d | 1 | 1.17mi |
| 5100 N Ocean Blvd #502 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,400 | $3.15 | 120d | 1 | 1.17mi |
| 5100 N Ocean Blvd #1701 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $5,000 | $4.63 | 41d | 1 | 1.17mi |
| 5100 N Ocean Blvd #401 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $4,200 | $3.89 | 7d | 1 | 1.17mi |
| 5100 N Ocean Blvd #802 Lauderdale by the Sea, FL | 1.0 | 1.5 | 1080 | $3,850 | $3.56 | 19d | 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 | 1.17mi |
| 1400 NE 54th St #107 Fort Lauderdale, FL | 2.0 | 2.0 | 952 | $2,950 | $3.10 | 11d | 1 | 1.17mi |
| 1631 S Federal Hwy Pompano Beach, FL | 1.0–3.0 | 1.0–2.0 | 1092 | $2,686 | $2.46 | 0d | 16 | 1.19mi |
| 6407 Bay Club Dr #1 Fort Lauderdale, FL | 1.0 | 1.5 | 850 | $3,000 | $3.53 | 31d | 1 | 1.21mi |
| 5200 N Ocean Blvd Unit 109C Lauderdale by the Sea, FL | 1.0 | 1.5 | 1000 | $4,799 | $4.80 | 24d | 1 | 1.21mi |
| 5200 N Ocean Blvd Lauderdale by the Sea, FL | 1.0–2.0 | 1.5–2.0 | 1165 | $4,800 | $4.12 | 2d | 2 | 1.22mi |
| 4250 Galt Ocean Dr Unit PHM Fort Lauderdale, FL | 1.0 | 1.5 | 950 | $4,000 | $4.21 | 31d | 1 | 1.29mi |
| 4250 Galt Ocean Dr Unit PHM Fort Lauderdale, FL | 1.0 | 1.5 | 950 | $3,200 | $3.37 | 24d | 1 | 1.29mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,300 | $3.00 | 41d | 3 | 1.30mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,650 | $3.32 | 47d | 2 | 1.30mi |
| 4250 Galt Ocean Dr Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 1100 | $3,750 | $3.41 | 68d | 2 | 1.30mi |
| 3101 Port Royale Blvd Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 752 | $2,865 | $3.81 | 35d | 20 | 1.30mi |
| 6000 N Ocean Blvd Unit 1D Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,000 | $3.32 | 10d | 1 | 1.34mi |
| 6000 N Ocean Blvd Unit 10A Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,500 | $3.87 | 70d | 1 | 1.34mi |
| 6000 N Ocean Blvd Unit 1D Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,200 | $3.54 | 117d | 1 | 1.34mi |
| 6000 N Ocean Blvd Lauderdale by the Sea, FL | 2.0 | 2.0 | 904 | $3,000 | $3.32 | 11d | 2 | 1.36mi |
Property features AI
Finance
- HOA & community
- Monthly association fee of $545Community amenities include billiard room, fitness center, picnic area, pool, and maintenance
Exterior
- Parking
- Detached parking
- Security
- Other security features
- Utilities
- Water included in association feesHas heatingHas cooling
- Home design
- CondominiumResale property5-story building
- Construction
- Block construction
- Exterior features
- Screened porchPorchNot waterfrontEast of US-1 road frontage
Interior
- Kitchen
- Dishwasher, Microwave, Refrigerator
- Bedrooms
- 2 bedrooms on the main level
- Flooring
- Tile
- Bathrooms
- 2 full bathrooms on the main level
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Dishwasher, Microwave, RefrigeratorTile flooring
HOA detail $545/mo · $6,540/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 48 events
-
2026-08-05days on market $185,000 Active 147 DOM
-
2026-08-03days on market $185,000 Active 145 DOM
-
2026-07-31days on market $185,000 Active 142 DOM
-
2026-07-28days on market $185,000 Active 139 DOM
-
2026-07-24days on market $185,000 Active 135 DOM
-
2026-07-23days on market $185,000 Active 134 DOM
-
2026-07-22days on market $185,000 Active 133 DOM
-
2026-07-21days on market $185,000 Active 132 DOM
-
2026-07-20pricedays on market $185,000 Active 131 DOM
-
2026-07-16days on market $189,500 Active 127 DOM
-
2026-07-15days on market $189,500 Active 126 DOM
-
2026-07-14days on market $189,500 Active 125 DOM
-
2026-07-13days on market $189,500 Active 124 DOM
-
2026-07-13days on market $189,500 Active 123 DOM
-
2026-07-11days on market $189,500 Active 122 DOM
-
2026-07-10days on market $189,500 Active 121 DOM
-
2026-07-10days on market $189,500 Active 120 DOM
-
2026-07-07pricedays on market $189,500 Active 118 DOM
-
2026-07-06days on market $150,000 Active 117 DOM
-
2026-07-06days on market $150,000 Active 116 DOM
-
2026-07-03days on market $150,000 Active 114 DOM
-
2026-07-02days on market $150,000 Active 113 DOM
-
2026-07-01days on market $150,000 Active 112 DOM
-
2026-06-30days on market $150,000 Active 111 DOM
-
2026-06-29days on market $150,000 Active 110 DOM
-
2026-06-28days on market $150,000 Active 109 DOM
-
2026-06-27days on market $150,000 Active 108 DOM
-
2026-06-26days on market $150,000 Active 107 DOM
-
2026-06-24days on market $150,000 Active 105 DOM
-
2026-06-22days on market $150,000 Active 103 DOM
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2026-06-21days on market $150,000 Active 102 DOM
-
2026-06-18days on market $150,000 Active 99 DOM
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2026-06-17days on market $150,000 Active 98 DOM
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2026-06-16days on market $150,000 Active 97 DOM
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2026-06-15days on market $150,000 Active 96 DOM
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2026-06-13days on market $150,000 Active 94 DOM
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2026-06-09days on market $150,000 Active 90 DOM
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2026-06-07days on market $150,000 Active 88 DOM
-
2026-06-04days on market $150,000 Active 85 DOM
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2026-06-03days on market $150,000 Active 84 DOM
-
2026-06-02days on market $150,000 Active 83 DOM
-
2026-06-01days on market $150,000 Active 82 DOM
-
2026-05-31days on market $150,000 Active 81 DOM
-
2025-06-30$150,000 Active
-
1999-04-15soldstatus $62,000
-
1986-07-31soldstatus $42,000
-
1985-02-01soldstatus $45,900
-
1980-10-01soldstatus $58,000
ⓘ 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
- $4,707 · $392/mo
- Projected year-2 tax
- $4,707 · $392/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 5/10 Major FEMA zone X (shaded) · 23% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $40,922
- − Mortgage interest
- −$10,363
- − Property taxes
- −$4,707
- − Insurance
- −$925
- − Repairs & maintenance
- −$3,274
- − Management
- −$3,274
- − HOA
- −$6,540
- − Depreciation
- −$5,382
- Taxable income
- $6,458
- Est. tax owed @ 24.0%
- −$1,550
- After-tax cash flow
- $6,965/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
This townhouse is in good condition with cosmetic updates needed to enhance its curb appeal and interior aesthetics. It offers a good investment opportunity with potential for increased value through minor renovations.
Components & finishes AI
Deferred maintenance Est. $10,000–$30,000 screening
- Major Windows (windows) — Visible rust and corrosion on window frames suggest significant damage and urgent need for replacement.
Value-add opportunities
- Both Paint interior walls — Fresh paint enhances the home's appearance and can increase both resale and rental value. ↑
- Both Update countertops and backsplash in kitchen — Modernizing the kitchen with new countertops and backsplash can significantly boost the home's appeal and value. ↑
- Both Landscaping improvements — Enhancing the landscaping can improve curb appeal and potentially increase both resale and rental value. ↑
ⓘ 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.
Zoned Schools
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
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
+158.6% since first listed5 events — show timeline
- 2025-06-30 Listed $150,000 Beaches MLS
- 1999-04-15 Sold (Public Records) $62,000 Public Records
- 1986-07-31 Sold (Public Records) $42,000 Public Records
- 1985-02-01 Sold (Public Records) $45,900 Public Records
- 1980-10-01 Sold (Public Records) $58,000 Public Records
Property tax history
+17.5%/yrLatest (2025): $4,707 · -4.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…