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1821 NE 62nd St #431 🏷️ Likely Rental
A- Composite 80.13
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

$147,900

1821 NE 62nd St #431 · Fort Lauderdale, FL 33308
2 bd · 1.0 ba · 950 sqft · Condo public records · 150 Days on market
Built 1966 Good condition $156/sqft · 29% below area Est $208k · 29% under $652/mo HOA · 19% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

This immaculate 2-bedroom, 1-bathroom unit in the prestigious Imperial Point neighborhood is move-in ready. Located just 10 minutes from Fort Lauderdale Beach with easy access to I-95, it offers a peaceful lifestyle with all ages welcome. The co-op is cash only, with no renting allowed for the first 2 years of ownership. The unit features several community updates new A/C Towers in 2022, and a new roof added in 2023. Community amenities include a swimming pool, BBQ area, clubhouse, library, and laundry facilities. The HOA requires a 650 credit score, and maintenance fees are slightly increased until the end of 2024. Countless options for food shopping, and restaurants.

Key facts

  • New a/c towers
  • Clubhouse
  • Swimming pool

Tags

NEW A/C TOWERSNEW ROOFSWIMMING POOLBBQ AREACLUBHOUSELIBRARY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $147,900 price doesn't fit this home's estimated sale value (~$208,172) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath condo listed at $148k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $924 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $148k).
  • Recommended offer: $130k (12.0% below list) — sets the bar for market timing.
  • Cap rate 13.8% 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: Nova Blanche Forman Elementary (math 35% / reading 55%, grade D-, #1,271 of 2,144 statewide, top 60%, 769 students, 72% FRL); Nova Middle School (math 44% / reading 53%, grade C-, #274 of 571 statewide, top 50%, 1,284 students, 68% FRL); Nova High School (math 22% / reading 56%, grade F, #312 of 667 statewide, top 48%, 2,227 students, 59% FRL) — zoned schools average 66% FRL vs 51% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+3.6%/yr); 881 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $4k 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 $41k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 150 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $130,152 (12.0% below list)

Questions for the listing agent

  1. It's been on market 150 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 1966 — 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
2.26%
Cap rate
13.79%
Cash-on-cash
26.77%
DSCR
2.19
GRM
3.7

CMA / ARV

ARV (median comp)
$208,172
List price
$147,900
Delta
-28.95%
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
6263 NE 19th Ave #1011 0.12mi 2/1.0 950 (0%) 1mo $130,000 $137 93
140 Cypress Club Dr #422 0.36mi 2/2.0 966 (+2%) 0mo $245,000 $254 76
4780 NE 8th Ter 1.48mi 2/2.0 950 (0%) 1mo $505,000 $532 60
2175 NE 56th St #204 0.68mi 3/2.0 (+1) 960 (+1%) 1mo $170,000 $177 56
5232 NE 6th Ave Unit E24 1.27mi 2/2.0 920 (-3%) 1mo $177,000 $192 55
934 SE 9th Ave #1 1.44mi 2/2.0 1,000 (+5%) 1mo $160,000 $160 51
2161 NE 68th St #312 0.71mi 2/1.5 875 (-8%) 1mo $133,000 $152 51
2210 NE 67th St #1211 0.75mi 2/1.5 875 (-8%) 1mo $156,900 $179 49
850 E Commercial Blvd Unit 204a 1.41mi 2/1.0 830 (-13%) 0mo $135,000 $163 44
850 E Commercial Blvd Unit 234D 1.41mi 2/1.0 830 (-13%) 0mo $160,000 $193 44
2201 NE 66th St #1306 0.74mi 1/1.5 (-1) 756 (-20%) 0mo $142,500 $188 33
2220 NE 68 St #1007 0.78mi 1/1.5 (-1) 756 (-20%) 0mo $137,500 $182 33

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
21.8%
Equity multiple
1.91×
Total profit
$37,485
Equity at exit
$22,052
10-year hold
IRR
30.6%
Equity multiple
3.88×
Total profit
$119,226
Equity at exit
$12,788

Cash invested: $41,412 (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
4 active · 3 under contract
Median asking
$214,450 ($217/sqft)
Median days on market
83 d
This list price
25% of active listings are priced below it
ARV vs active asking
+0.8% 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
881
Price-to-rent
3.7×

Monthly cashflow live

Estimated rent
$3,347 high interval (Pro) →
Mortgage (P&I)
$776
Tax from tax record
$231 /mo · $2,778/yr
Insurance
$62
HOA
$652
Vacancy / Maint / Mgmt
$703
Net cashflow
$924

Break-even live

Break-even rent $2,178
Max offer price $147,900
Occupancy floor 67%

Sensitivity live

Price -10% $1,008 -5% $966 +0% $924 +5% $882 +10% $840
Rent -10% $659 -5% $792 +0% $924 +5% $1,056 +10% $1,188
Rate -1.0pp $998 -0.5pp $961 base $924 +0.5pp $885 +1.0pp $846

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
$36,975
Closing costs
$4,437
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 20 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5340 NE 17th Ter Unit 1-2 Fort Lauderdale, FL 3.0 3.0 1050 $3,900 $3.71 22d 1 0.69mi
160 SE 12th St Pompano Beach, FL 2.0 2.0 950 $5,390 $5.67 73d 1 0.74mi
1240 SW 3rd Ter Pompano Beach, FL 3.0 2.0 1037 $3,800 $3.66 3d 1 0.76mi
1240 SW 3rd Ter Pompano Beach, FL 3.0 2.0 1100 $3,800 $3.45 0d 1 0.76mi
1156 SW 4th Ave Pompano Beach, FL 2.0 1.0 945 $3,300 $3.49 54d 1 0.83mi
2400 NE 65th St Fort Lauderdale, FL 1.0–3.0 1.0–2.0 1103 $2,711 $2.46 0d 18 0.84mi
1621 S Dixie Hwy Unit 2f Pompano Beach, FL 2.0 2.0 1098 $3,000 $2.73 39d 1 0.86mi
1611 NE 50th Ct Unit 1 Fort Lauderdale, FL 2.0 2.0 825 $3,000 $3.64 39d 1 0.96mi
1631 S Federal Hwy Pompano Beach, FL 1.0–3.0 1.0–2.0 1092 $2,807 $2.57 0d 13 0.97mi
571 NE 61st St Oakland Park, FL 3.0 2.0 906 $3,300 $3.64 18d 1 1.08mi
540 NE 61st St Oakland Park, FL 3.0 2.0 1000 $3,600 $3.60 37d 1 1.09mi
540 NE 61st St Oakland Park, FL 3.0 2.0 1007 $3,200 $3.18 0d 1 1.09mi
540 NE 59th Ct Oakland Park, FL 3.0 2.0 964 $3,400 $3.53 37d 1 1.13mi
5310 NE 6th Ave Fort Lauderdale, FL 3.0 2.0 1100 $3,000 $2.73 39d 1 1.28mi
5841 NE 3rd Ave Fort Lauderdale, FL 3.0 2.0 834 $3,200 $3.84 73d 1 1.34mi
441 SE 1st Ave #2 Pompano Beach, FL 2.0 1.0 850 $2,250 $2.65 26d 1 1.39mi
4800 Bayview Dr #303 Fort Lauderdale, FL 2.0 2.0 1032 $3,500 $3.39 73d 1 1.44mi
6500 N Andrews Ave Fort Lauderdale, FL 2.0 1.0–2.0 890 $3,072 $3.45 0d 22 1.45mi
5100 DuPont Blvd Unit 10N Fort Lauderdale, FL 2.0 2.5 1079 $6,000 $5.56 8d 1 1.46mi
3333 Port Royale Dr S Fort Lauderdale, FL 2.0 1.0–2.0 809 $3,760 $4.65 0d 20 1.46mi

Property features AI

Finance

HOA & community
Has associationMonthly HOA feeAssociation amenities: Picnic area, Pool, Community roomHOA covers maintenance (grounds & structure), pest control, sewer, trash, water, pool service

Exterior

Security
Smoke detectors
Utilities
Water (included in association)Sewer (included in association)Trash (included in association)Pool service (included in association)
Home design
Stock cooperativeResale propertySecond-floor entryEast-facing
Construction
Block construction2-story building
Exterior features
DeckNot waterfront

Interior

Kitchen
Electric rangeDisposalRefrigerator
Bedrooms
1 bedroom (main level)
Flooring
Laminate
Bathrooms
1 full bathroom (main level)
Heating & cooling
Central heatingCentral air conditioning
Interior features
DisposalElectric rangeRefrigerator

HOA detail $652/mo · $7,824/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 46 events

  1. 2026-08-08
    days on market $147,900 Active 150 DOM
  2. 2026-08-06
    days on market $147,900 Active 148 DOM
  3. 2026-08-05
    days on market $147,900 Active 147 DOM
  4. 2026-08-03
    days on market $147,900 Active 145 DOM
  5. 2026-07-31
    days on market $147,900 Active 142 DOM
  6. 2026-07-28
    days on market $147,900 Active 139 DOM
  7. 2026-07-24
    days on market $147,900 Active 135 DOM
  8. 2026-07-23
    days on market $147,900 Active 134 DOM
  9. 2026-07-22
    days on market $147,900 Active 133 DOM
  10. 2026-07-21
    days on market $147,900 Active 132 DOM
  11. 2026-07-20
    days on market $147,900 Active 131 DOM
  12. 2026-07-16
    days on market $147,900 Active 127 DOM
  13. 2026-07-15
    days on market $147,900 Active 126 DOM
  14. 2026-07-14
    days on market $147,900 Active 125 DOM
  15. 2026-07-13
    days on market $147,900 Active 124 DOM
  16. 2026-07-13
    days on market $147,900 Active 123 DOM
  17. 2026-07-11
    days on market $147,900 Active 122 DOM
  18. 2026-07-10
    days on market $147,900 Active 121 DOM
  19. 2026-07-10
    days on market $147,900 Active 120 DOM
  20. 2026-07-07
    days on market $147,900 Active 118 DOM
  21. 2026-07-06
    days on market $147,900 Active 117 DOM
  22. 2026-07-06
    days on market $147,900 Active 116 DOM
  23. 2026-07-03
    days on market $147,900 Active 114 DOM
  24. 2026-07-02
    days on market $147,900 Active 113 DOM
  25. 2026-07-01
    days on market $147,900 Active 112 DOM
  26. 2026-06-30
    days on market $147,900 Active 111 DOM
  27. 2026-06-29
    days on market $147,900 Active 110 DOM
  28. 2026-06-28
    days on market $147,900 Active 109 DOM
  29. 2026-06-27
    days on market $147,900 Active 108 DOM
  30. 2026-06-26
    days on market $147,900 Active 107 DOM
  31. 2026-06-24
    days on market $147,900 Active 105 DOM
  32. 2026-06-22
    days on market $147,900 Active 103 DOM
  33. 2026-06-21
    days on market $147,900 Active 102 DOM
  34. 2026-06-18
    days on market $147,900 Active 99 DOM
  35. 2026-06-17
    days on market $147,900 Active 98 DOM
  36. 2026-06-16
    days on market $147,900 Active 97 DOM
  37. 2026-06-15
    days on market $147,900 Active 96 DOM
  38. 2026-06-13
    days on market $147,900 Active 94 DOM
  39. 2026-06-09
    days on market $147,900 Active 90 DOM
  40. 2026-06-07
    days on market $147,900 Active 88 DOM
  41. 2026-06-04
    days on market $147,900 Active 85 DOM
  42. 2026-06-03
    days on market $147,900 Active 84 DOM
  43. 2026-06-02
    days on market $147,900 Active 83 DOM
  44. 2026-06-01
    days on market $147,900 Active 82 DOM
  45. 2026-05-31
    days on market $147,900 Active 81 DOM
  46. 2025-11-05
    listed $147,900 Active

ⓘ 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
$2,778 · $231/mo
Projected year-2 tax
$2,778 · $231/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 6 d/yr ≥106°F today · 22 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

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$40,170
− Mortgage interest
−$8,285
− Property taxes
−$2,778
− Insurance
−$740
− Repairs & maintenance
−$3,214
− Management
−$3,214
− HOA
−$7,824
− Depreciation
−$4,303
Taxable income
$9,814
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,355
After-tax cash flow
$8,730/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

Good 75/100 Cosmetic rehab Est. rehab $4,750–$14,250 screening

This move-in ready townhouse in the Imperial Point neighborhood offers a good condition with some cosmetic updates needed, particularly in the kitchen. Freshening up the paint and replacing the cabinets would significantly enhance its value.

Components & finishes AI

Flooring tile

Repairs flagged

  • Minor Kitchen cabinets — Worn and dated appearance
  • Minor Kitchen countertops — Need cleaning

Value-add opportunities

  • Both Paint freshen up — Fresh paint enhances curb appeal and interior aesthetics
  • Both Replace kitchen cabinets — Modernizing the kitchen can significantly 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.

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
26.6% rent · 73.4% 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

Price history

1 event — show timeline
  • 2025-11-05 Listed $147,900 Beaches MLS

Property tax history

+7.3%/yr

Latest (2025): $2,778 · +5.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…