2421 NW 87th Ave · Sunrise, FL 33322

$5,000

3 bd · 2.0 ba · 1,580 sqft · SingleFamily public records · 7 Days on market

Built 1971 6,970 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +7.4/30.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 18, 2026 at 10:00 AM EST. Explore this charming 3-bedroom, 2-bath residence set in a peaceful and well-located Sunrise community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa Home App.

Key facts

• 6,970 sq ft lot
• 2 garage spots
• Built 1971

Property features AI

Finance

• Other: Zoning: RS-5

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Other water source; Other sewer
• Home design: Single-family residence; One level
• Construction: Construction materials: see remarks; Other roof
• Exterior features: Front porch

Interior

• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: Front porch; Other flooring

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $489,800 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-639 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).

Location & tenants

• Location reads 83/100 on livability (#56 in FL, #986 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, 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; 559 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).
• At $3,476/mo this rent would consume 58% of the median local household income ($72k/yr) (locally 931% 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 $3k of loan paydown is wiped out by about $15k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 146.9% of price.
• Climate carrying-cost: 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.

Recommended offer $5,000

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 4.73%
• Cash-on-cash: -5.59%
• DSCR: 0.75
• GRM: 11.7

CMA / ARV

• ARV (on-the-fly): $489,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8390 NW 21st Ct	0.36mi	3/2.0	1,542 (-2%)	3mo	$405,000	$263	76
2511 NW 87th Ave	0.14mi	4/3.0 (+1)	1,645 (+4%)	3mo	$510,000	$310	75
8510 Sunset Strip	0.21mi	3/2.0	1,438 (-9%)	3mo	$490,000	$341	73
2477 NW 84th Way	0.26mi	3/2.0	1,500 (-5%)	10mo	$450,000	$300	71
8941 NW 26th Pl	0.35mi	2/2.0 (-1)	1,537 (-3%)	10mo	$450,000	$293	66
8661 NW 24th Ct	0.07mi	4/2.0 (+1)	1,768 (+12%)	8mo	$555,000	$314	65
9041 NW 24th Pl	0.27mi	3/2.0	1,360 (-14%)	4mo	$437,000	$321	61
8381 NW 28th Pl	0.57mi	2/2.0 (-1)	1,520 (-4%)	2mo	$380,000	$250	60
8699 NW 26th Pl	0.29mi	4/2.0 (+1)	1,768 (+12%)	2mo	$549,000	$311	60
2171 NW 93rd Ln	0.56mi	3/2.0	1,433 (-9%)	6mo	$430,000	$300	54
8390 NW 24th St	0.34mi	4/2.0 (+1)	1,768 (+12%)	10mo	$500,000	$283	51
9362 NW 24th Pl	0.52mi	3/2.0	1,432 (-9%)	11mo	$599,000	$418	51

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 · 0.6% rent growth · sell at horizon

5-year hold

• IRR: -28.6%
• Equity multiple: 0.07×
• Total profit: $-128,221
• Equity at exit: $73,031

10-year hold

• IRR: -40.7%
• Equity multiple: -0.43×
• Total profit: $-195,914
• Equity at exit: $42,349

Cash invested: $137,144 (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 33322

• Home prices YoY: -33.3%
• Rents YoY: 0.6%
• Active inventory: 559
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,476 high
• Mortgage (P&I): −$2,569
• Tax est. 1.5%: −$612 /mo · $7,347/yr
• Insurance: −$204
• HOA: −$0
• Vacancy / Maint / Mgmt: −$730
• Net cashflow: $-639

Break-even live

Break-even rent $4,285

Max offer price $397,313

Occupancy floor —

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: $122,450
• Closing costs: $14,694
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8690 NW 24th Pl Sunrise, FL	4.0	2.0	1360	$4,000	$2.94	24d	1	0.07mi
8421 NW 21st Ct Sunrise, FL	3.0	2.0	1915	$3,250	$1.70	11d	1	0.32mi
8460 NW 21st St Sunrise, FL	3.0	2.0	1520	$4,000	$2.63	22d	1	0.34mi
8460 NW 21st St Sunrise, FL	3.0	2.0	1520	$4,000	$2.63	12d	1	0.34mi
8550 NW 27th Pl Unit 8550 Sunrise, FL	2.0	2.0	1360	$2,600	$1.91	15d	1	0.37mi
2377 NW 83rd Ave Sunrise, FL	4.0	2.5	2085	$5,500	$2.64	15d	1	0.38mi
8401 NW 20th Ct Sunrise, FL	3.0	2.0	1580	$4,000	$2.53	8d	1	0.39mi
8401 NW 20th Ct Sunrise, FL	3.0	2.0	1580	$4,300	$2.72	24d	1	0.39mi
9015 W Sunrise Blvd Plantation, FL	3.0	3.0	1318	$3,200	$2.43	13d	1	0.43mi
2490 NW 83rd Ave Sunrise, FL	4.0	2.0	1596	$3,700	$2.32	24d	1	0.51mi
9151 W Sunrise Blvd #9151 Plantation, FL	3.0	2.0	1482	$2,750	$1.86	24d	1	0.57mi
8361 NW 28th Pl Sunrise, FL	3.0	2.0	1360	$3,200	$2.35	4d	1	0.58mi
2631 NW 94th Ave Sunrise, FL	2.0	2.0	1350	$3,456	$2.56	5d	1	0.65mi
9321 W Sunrise Blvd Plantation, FL	2.0	2.0	1342	$2,700	$2.01	2d	1	0.66mi
9521 NW 25th St Sunrise, FL	3.0	2.0	1616	$2,965	$1.83	8d	1	0.67mi
2650 NW 94th Way Sunrise, FL	2.0	2.0	1200	$2,900	$2.42	2d	1	0.68mi
1711 N University Dr Plantation, FL	1.0–3.0	1.0–2.0	986	$3,252	$3.30	2d	41	0.72mi
9571 Sunset Strip Sunrise, FL	3.0	2.0	1418	$3,450	$2.43	22d	1	0.73mi
9571 Sunset Strip Sunrise, FL	3.0	2.0	1418	$3,450	$2.43	24d	1	0.73mi
9551 NW 19th Pl Fort Lauderdale, FL	3.0	2.0	1577	$3,700	$2.35	22d	1	0.74mi
3100 N Pine Island Rd Sunrise, FL	1.0–2.0	1.5–2.0	1002	$2,300	$2.29	24d	2	0.78mi
9650 NW 24th St Sunrise, FL	3.0	2.0	1542	$3,500	$2.27	8d	1	0.78mi
9650 NW 24th St Sunrise, FL	3.0	2.0	1542	$3,500	$2.27	24d	1	0.78mi
3220 NW 84th Ave Sunrise, FL	2.0	2.0	1115	$2,150	$1.93	24d	1	0.84mi
8085 NW 21st St Sunrise, FL	3.0	2.0	1548	$4,200	$2.71	24d	1	0.88mi
8030 Sunset Strip Sunrise, FL	4.0	2.0	1537	$2,650	$1.72	8d	1	0.89mi
3244 NW 84th Ave Sunrise, FL	2.0	2.0	1115	$2,300	$2.06	24d	1	0.89mi
2590 NW 98th Ave Sunrise, FL	2.0	2.0	1247	$3,000	$2.41	2d	1	0.91mi
2590 NW 98th Ave Sunrise, FL	2.0	2.0	1247	$3,000	$2.41	24d	1	0.91mi
3232 NW 84th Ave Sunrise, FL	2.0	2.0	1115	$2,000	$1.79	24d	1	0.91mi
3200 NW 84th Ave Sunrise, FL	2.0	2.0	1115	$2,100	$1.88	24d	1	0.91mi
8001 NW 21st St Unit 1258747P Sunrise, FL	4.0	2.0	1689	$10,136	$6.00	22d	1	0.94mi
8101 NW 14th St Plantation, FL	1.0–2.0	1.5–2.0	1123	$2,619	$2.33	2d	11	0.95mi
8536 NW 12th Ct Plantation, FL	2.0	2.0	1138	$2,625	$2.31	17d	1	0.96mi
9831 NW 24th St Sunrise, FL	3.0	2.5	1887	$3,250	$1.72	8d	1	0.97mi
9831 NW 24th St Unit 9831 Sunrise, FL	3.0	2.5	1887	$3,500	$1.85	24d	1	0.97mi
9840 NW 19th Pl Sunrise, FL	3.0	2.5	1727	$3,395	$1.97	24d	1	1.01mi
2440 NW 99th Way Sunrise, FL	3.0	2.5	1887	$3,495	$1.85	17d	1	1.01mi
8601 NW 34th Pl Apt A102 Sunrise, FL	2.0	2.0	1080	$2,200	$2.04	24d	1	1.04mi
7620 S Aragon Blvd Sunrise, FL	3.0	2.0	1452	$3,250	$2.24	24d	1	1.06mi

Listing history 6 events

1. 2026-06-18
   days on market $5,000 Active 7 DOM
2. 2026-06-17
   days on market $5,000 Active 6 DOM
3. 2026-06-16
   days on market $5,000 Active 5 DOM
4. 2026-06-15
   days on market $5,000 Active 4 DOM
5. 2026-06-13
   remarks 295-char remark
6. 2026-06-13
   listed $5,000 Active 2 DOM

ⓘ 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 10/10 Extreme 7 d/yr ≥105°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,707
• − Mortgage interest: −$27,436
• − Property taxes: −$7,347
• − Insurance: −$2,449
• − Repairs & maintenance: −$3,337
• − Management: −$3,337
• − Depreciation: −$14,249
• Taxable loss: −$16,447
• Est. tax savings @ 24.0%: +$3,947
• After-tax cash flow: $-3,723/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 — Sunrise

• Score: 83/100
• State rank: #56
• US rank: #986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunrise, FL
• County: Broward County · 1,963,430 people
• City population: 77,492
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 41,128
• Household income: $71,755
• Rent vs Own: 17.9% rent · 82.1% own
• Severe rent burden: 931.0

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 35% White 32% Black 24% Two or more races 22% Asian 4%
• Hispanic origin (detail): Puerto Rican 5% Cuban 6% Dominican 2% Salvadoran 1%
• Common ancestry: Hispanic 5% Romanian 2% Scotch-Irish 2%
• Foreign-born: 41% · Canada, Jamaica, South Korea
• Languages at home: 58% English-only · Spanish 30% French/Haitian/Cajun 6% Other Indo-European 1%

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: ▼ -203.34%
• Current HPI: 407.5452
• Rent YoY: ▲ 0.60%
• 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

-94.2% since first listed

4 events — show timeline

• 2026-06-11 Listed $5,000 HAOR as distributed by MLS GRID
• 1999-01-29 Sold (Public Records) $121,500 Public Records
• 1984-07-01 Sold (Public Records) $85,000 Public Records
• 1980-12-01 Sold (Public Records) $86,500 Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,478 · +4.1% YoY. Source: county tax records.