3390 NW 8th Pl · Lauderhill, FL 33311

$220,700

4 bd · 3.0 ba · 2,446 sqft · SingleFamily public records · 26 Days on market

Built 1960 7,263 sqft lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Estate Sale, probate has cleared. This is a great investor opportunity, large home situated on an expansive corner lot. Main floor has a galley kitchen, 2 bedrooms, a bath, plus formal living room, home office & den. Upstairs has a huge primary bed with en suite bath & a large secondry bedroom. With the right investment, this could be a profitable endeavor. Tenant occupied, please do not disturb. Cash offers only, seller is motivated!

Key facts

• Galley kitchen
• Formal living room
• En suite bath

Tags

• EXPANSIVE CORNER LOT
• GALLEY KITCHEN
• FORMAL LIVING ROOM
• HOME OFFICE
• DEN
• EN SUITE BATH

🏷️ Possibly a rental listed for sale. The $220,700 price doesn't fit this home's estimated sale value (~$508,768) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $221k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $221k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 4.3% in Lauderhill — 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 79/100 on livability (#139 in FL, #2,059 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment 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.
• Zoned schools: Parkway Middle School (math 25% / reading 40%, grade F, #443 of 571 statewide, top 78%, 1,198 students, 83% FRL); Dillard 6-12 (math 19% / reading 31%, grade F, #501 of 667 statewide, top 75%, 2,279 students, 80% FRL) — zoned schools average 82% FRL vs 51% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 48% district-wide (-19 pts) — the specific schools serving this property underperform the Broward average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.8%/yr); 585 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $3,299/mo this rent would consume 73% of the median local household income ($54k/yr) (locally 5068% 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 $2k of loan paydown is wiped out by about $7k 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 + 2.8% rent growth), your $62k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $8k; list at $221k implies a 2496% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,389 (1.5% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.49% ✓
• Cap rate: 12.17%
• Cash-on-cash: 21.00%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $508,768
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
440 NW 29th Ter	0.74mi	4/3.0	2,523 (+3%)	18mo	$525,000	$208	45

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 · 2.78% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.52×
• Total profit: $32,428
• Equity at exit: $32,907

10-year hold

• IRR: 21.9%
• Equity multiple: 2.85×
• Total profit: $114,145
• Equity at exit: $19,082

Cash invested: $61,796 (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 33311

• Rents YoY: 2.8%
• Active inventory: 585
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,299 high
• Mortgage (P&I): −$1,157
• Tax est. 1.5%: −$276 /mo · $3,310/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$693
• Net cashflow: $1,081

Break-even live

Break-even rent $1,931

Max offer price $220,700

Occupancy floor 62%

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: $55,175
• Closing costs: $6,621
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3451 NW 6th St Lauderhill, FL	4.0	2.0	1700	$3,000	$1.76	24d	1	0.28mi
2988 NW 7th Ct Fort Lauderdale, FL	4.0	2.0	2547	$3,200	$1.26	4d	1	0.48mi
2862 NW 11th St Fort Lauderdale, FL	3.0	2.5	1800	$3,300	$1.83	24d	1	0.70mi
677 NW 42nd Ave #677 Plantation, FL	3.0	2.5	1672	$2,500	$1.50	24d	1	0.82mi
677 NW 42nd Ave #677 Plantation, FL	3.0	2.5	1672	$2,400	$1.44	7d	1	0.82mi
3551 SW 1st St Fort Lauderdale, FL	4.0	2.0	1720	$3,150	$1.83	24d	1	0.90mi
1123 NW 27th Ave Unit 1 Fort Lauderdale, FL	3.0	1.0	1617	$2,400	$1.48	7d	1	0.93mi
1123 NW 27th Ave Unit 1 Fort Lauderdale, FL	3.0	1.0	1617	$2,400	$1.48	24d	1	0.93mi
2835 NW 14th St Unit 1 Fort Lauderdale, FL	3.0	2.0	1630	$2,990	$1.83	24d	1	0.98mi
180 Penn Way Fort Lauderdale, FL	5.0	3.0	1638	$3,750	$2.29	22d	1	1.01mi
1130 NW 43rd Ter Lauderhill, FL	5.0	2.0	1580	$4,695	$2.97	7d	1	1.01mi
4384 NW 9th St Unit 4384 Plantation, FL	3.0	2.5	1616	$3,550	$2.20	24d	1	1.02mi
4393 NW 9th St Unit 4393 Plantation, FL	3.0	2.5	1616	$3,500	$2.17	24d	1	1.03mi
2780 NW 15th St Fort Lauderdale, FL	3.0	2.5	1622	$3,200	$1.97	24d	1	1.06mi
913 NW 45th Ter Unit 913 Plantation, FL	3.0	2.5	1616	$3,525	$2.18	24d	1	1.14mi
491 NW 45th Ter Plantation, FL	5.0	2.0	2103	$4,000	$1.90	7d	1	1.15mi
410 Pennsylvania Ave Fort Lauderdale, FL	3.0	2.0	1928	$3,600	$1.87	24d	1	1.22mi
4350 NW 14th St Lauderhill, FL	3.0	3.0	1590	$3,000	$1.89	4d	1	1.26mi
4350 NW 14th St Lauderhill, FL	3.0	3.0	1590	$3,500	$2.20	24d	1	1.26mi
525 NW 22nd Ave Fort Lauderdale, FL	5.0	2.0	1936	$3,500	$1.81	2d	1	1.28mi
2841 SW 4th Ct Unit 1258737P Fort Lauderdale, FL	3.0	2.0	1689	$4,617	$2.73	5d	1	1.30mi
1650 NW 26th Ter Fort Lauderdale, FL	4.0	2.0	2010	$3,500	$1.74	24d	1	1.30mi
2836 SW 4th Ct Fort Lauderdale, FL	3.0	2.0	1617	$3,300	$2.04	24d	1	1.32mi
4360 NW 15th St Lauderhill, FL	5.0	2.0	2000	$4,300	$2.15	24d	1	1.32mi
519 NW 21st Ter Fort Lauderdale, FL	4.0	2.0	2591	$3,600	$1.39	7d	1	1.35mi
610 Carolina Ave Unit 2 Fort Lauderdale, FL	4.0	3.0	1865	$2,000	$1.07	14d	1	1.36mi
649 W Evanston Cir Fort Lauderdale, FL	4.0	2.0	1576	$3,315	$2.10	24d	1	1.42mi

Listing history 6 events

1. 2026-06-15
   price $220,700 Pending 26 DOM
2. 2026-03-17
   status Pending
3. 2026-03-16
   price $355,700
4. 2026-02-19
   listed $405,900 Active
5. 1968-12-01
   soldstatus $8,500
6. 1968-03-01
   soldstatus $7,000

ⓘ 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 · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,593
• − Mortgage interest: −$12,363
• − Property taxes: −$3,310
• − Insurance: −$1,104
• − Repairs & maintenance: −$3,167
• − Management: −$3,167
• − Depreciation: −$6,420
• Taxable income: $10,061
• Est. tax owed @ 24.0%: −$2,415
• After-tax cash flow: $10,561/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 — Lauderhill

• Score: 79/100
• State rank: #139
• US rank: #2059

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lauderhill, FL
• County: Broward County · 1,963,430 people
• City population: 62,807
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 74,898
• Household income: $53,973
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 5068.0

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% Two or more races 9% White 9% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Hispanic 15% Lithuanian 1% Romanian 0%
• Foreign-born: 24% · Canada, Jamaica
• Languages at home: 78% English-only · French/Haitian/Cajun 14% Spanish 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: ▼ -300.68%
• Current HPI: 535.2504
• Rent YoY: ▲ 2.78%
• 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

+4981.4% since first listed

5 events — show timeline

• 2026-03-17 Pending — Beaches MLS
• 2026-03-16 Price Changed $355,700 Beaches MLS
• 2026-02-19 Listed $405,900 Beaches MLS
• 1968-12-01 Sold (Public Records) $8,500 Public Records
• 1968-03-01 Sold (Public Records) $7,000 Public Records

Property tax history

+13.3%/yr

Latest (2025): $12,032 · +6.5% YoY. Source: county tax records.