2999 NW 48th Ave #245 · Lauderdale Lakes, FL 33313

$75,000

1 bd · 1.0 ba · 705 sqft · Condo public records · 131 Days on market

Built 1974 $393/mo HOA · 26% of rent

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Why this score? — see what drove the C+ 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 +25.7/30.0
• 1% rule +10.0/10.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Immaculate corner-unit condo in a quiet 55+ community your perfect South Florida winter escape or income-producing retreat. This bright and spacious 1-bedroom residence is truly move-in ready, featuring a modern kitchen with brand-new stainless steel stove and refrigerator, dishwasher, and a clean, well-maintained interior. As a corner unit, it offers extra natural light and added privacy, creating a warm and inviting feel year-round. Ideal for seasonal living, the community allows rentals after just 3 months, making this an excellent option for short term residents & savvy investors alike. Seasonal rentals are permitted, offering flexibility to enjoy the home during the winter months

Key facts

• Added privacy
• Corner-unit condo
• Dishwasher

Tags

• CORNER-UNIT CONDO
• MODERN KITCHEN
• DISHWASHER
• EXTRA NATURAL LIGHT
• ADDED PRIVACY
• QUIET COMMUNITY

Property features AI

Finance

• Other: Located in a senior community
• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association amenities include clubhouse, fitness center, and laundry; Association covers common areas, cable TV, insurance, building maintenance, parking, pool(s), roof, and laundry

Exterior

• Parking: One assigned parking space
• Security: On-site security guard
• Utilities: Has cooling (central); Has heating (central)
• Home design: Attached property; 4-story building; Entry on second level
• Construction: Block construction; Resale property
• Exterior features: Balcony; Screened balcony/porch; Exterior lighting; Security guard

Interior

• Kitchen: Electric range; Disposal; Microwave; Refrigerator
• Bedrooms: Bedroom located on the main level
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First-floor entry; Bedroom on main level; Living/dining room combo; Tub with shower
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $75k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 5.6% in Lauderdale Lakes — 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 81/100 on livability (#100 in FL, #1,527 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime 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.
• Market conditions: Rents flat; 656 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).
• This rent runs 39% of the median local income ($46k/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 $519 of loan paydown is wiped out by about $2k 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

• It's been on market 131 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 6y ago; this cycle's ask has dropped $15k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $19k; list at $75k implies a 295% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; HOA is 26% of rent.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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 1974 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. 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.
10. 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.
11. 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: 2.02% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.25%
• DSCR: 1.46
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.79×
• Total profit: $-4,452
• Equity at exit: $11,183

10-year hold

• IRR: -3.2%
• Equity multiple: 0.83×
• Total profit: $-3,584
• Equity at exit: $6,485

Cash invested: $21,000 (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 33313

• Rents YoY: 0.3%
• Active inventory: 656
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,512 high
• Mortgage (P&I): −$393
• Tax from tax record: −$197 /mo · $2,367/yr
• Insurance: −$31
• HOA: −$393
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $179

Break-even live

Break-even rent $1,285

Max offer price $75,000

Occupancy floor 83%

Sensitivity live

Price	-10% $222	-5% $201	+0% $179	+5% $158	+10% $137
Rent	-10% $60	-5% $120	+0% $179	+5% $239	+10% $299
Rate	-1.0pp $217	-0.5pp $199	base $179	+0.5pp $160	+1.0pp $140

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3061 NW 47th Ter Unit 327B Lauderdale Lakes, FL	1.0	1.5	662	$1,600	$2.42	8d	1	0.02mi
3061 NW 47th Ter Unit 132C Lauderdale Lakes, FL	1.0	1.0	610	$1,500	$2.46	25d	1	0.02mi
3061 NW 47th Ter #327 Lauderdale Lakes, FL	1.0	1.5	662	$1,500	$2.27	25d	1	0.02mi
2901 NW 47th Ter Unit 247B Lauderdale Lakes, FL	1.0	1.5	662	$1,450	$2.19	25d	1	0.02mi
2901 NW 47th Ter Unit 348B Lauderdale Lakes, FL	1.0	1.5	662	$1,350	$2.04	25d	1	0.02mi
3001 NW 48th Ave #440 Lauderdale Lakes, FL	1.0	1.5	705	$1,300	$1.84	25d	1	0.03mi
3161 NW 47th Ter #110 Lauderdale Lakes, FL	1.0	1.5	721	$1,500	$2.08	6d	1	0.24mi
3161 NW 47th Ter #111 Lauderdale Lakes, FL	1.0	1.5	721	$1,500	$2.08	25d	1	0.24mi
3141 NW 47th Ter Lauderdale Lakes, FL	1.0–2.0	1.5–2.0	861	$1,440	$1.67	25d	2	0.24mi
4851 NW 26th Ct #338 Lauderdale Lakes, FL	1.0	1.0	705	$1,650	$2.34	17d	1	0.25mi
5021 W Oakland Park Blvd Lauderdale Lakes, FL	1.0	1.0	684	$1,550	$2.27	18d	2	0.29mi
3301 NW 47th Ter #308 Lauderdale Lakes, FL	1.0	2.0	750	$2,200	$2.93	12d	1	0.31mi
5031 W Oakland Park Blvd Lauderdale Lakes, FL	1.0	1.0	683	$1,400	$2.05	11d	2	0.36mi
3030 NW 43rd Ter Lauderdale Lakes, FL	1.0	1.0	592	$1,400	$2.36	2d	2	0.40mi
3030 NW 43rd Ter #102 Lauderdale Lakes, FL	1.0	1.0	710	$1,450	$2.04	25d	1	0.41mi
3033 NW 43rd Ave #108 Lauderdale Lakes, FL	1.0	1.0	650	$1,590	$2.45	14d	1	0.44mi
3460 NW 50th Ave Lauderdale Lakes, FL	1.0–2.0	1.0–2.0	750	$1,499	$2.00	17d	3	0.46mi
3531 NW 50th Ave #609 Lauderdale Lakes, FL	1.0	1.0	684	$1,350	$1.97	25d	1	0.54mi
4121 NW 26th St Unit T16 Lauderhill, FL	1.0	1.5	750	$1,500	$2.00	25d	1	0.56mi
4141 NW 26th St #316 Lauderhill, FL	1.0	1.0	624	$1,450	$2.32	25d	1	0.57mi
2070 NW 43rd Ter #6 Lauderhill, FL	1.0	1.0	600	$1,600	$2.67	22d	1	0.74mi
2800 NW 56th Ave Lauderhill, FL	1.0–2.0	1.0–2.0	847	$1,480	$1.75	16d	6	0.80mi
2800 NW 56th Ave Lauderhill, FL	1.0–2.0	1.0–2.0	847	$1,175	$1.39	25d	8	0.80mi
2800 NW 56th Ave Lauderhill, FL	1.0–2.0	1.0–2.0	847	$1,250	$1.48	3d	8	0.80mi
2800 NW 56th Ave Lauderhill, FL	1.0–2.0	1.0–2.0	847	$1,250	$1.48	5d	8	0.80mi
2800 NW 56th Ave Lauderhill, FL	1.0–2.0	1.0–2.0	847	$1,250	$1.48	22d	7	0.80mi
5321 NW 21st Ct Lauderhill, FL	2.0	1.0	750	$1,900	$2.53	25d	1	0.81mi
4160 NW 21st St Lauderhill, FL	1.0–2.0	1.0	810	$1,675	$2.07	25d	3	0.91mi
4160 NW 21st St Lauderhill, FL	1.0–2.0	1.0	810	$1,599	$1.97	8d	2	0.91mi
2360 NW 56th Ave Lauderhill, FL	1.0–3.0	1.0–2.0	924	$1,435	$1.55	3d	22	0.94mi
1861 NW 46th Ave Lauderhill, FL	2.0	1.0–2.0	730	$1,490	$2.04	2d	13	0.97mi
3720 Inverrary Dr Lauderhill, FL	3.0	1.0–2.0	940	$1,600	$1.70	11d	5	0.99mi
2481 NW 56th Ave Unit 6-16 Lauderhill, FL	1.0	1.0	745	$1,600	$2.15	17d	1	1.03mi
3541 NW 30th Pl Lauderdale Lakes, FL	1.0–3.0	1.0–2.0	865	$1,739	$2.01	2d	14	1.06mi
4047 NW 16th St #109 Lauderhill, FL	1.0	1.0	725	$1,300	$1.79	25d	1	1.14mi
4400 W Sunrise Blvd Fort Lauderdale, FL	2.0	1.0–2.0	811	$2,624	$3.24	2d	44	1.16mi
3760 Inverrary Dr Lauderhill, FL	2.0	1.0–2.0	800	$1,725	$2.16	6d	3	1.16mi
4174 Inverrary Dr #907 Lauderhill, FL	1.0	1.0	675	$1,500	$2.22	25d	1	1.18mi
3760 Inverrary Dr Unit 3M Lauderhill, FL	—	1.0	450	$1,800	$4.00	25d	1	1.18mi
2241 NW 59th Ter Unit 1 Lauderhill, FL	2.0	1.0	735	$1,850	$2.52	25d	1	1.19mi

HOA detail condo

• Monthly dues: $393 · $4,716/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 44 events

1. 2026-06-18
   status $75,000 Pending 131 DOM
2. 2026-06-17
   days on market $75,000 Active 131 DOM
3. 2026-06-16
   days on market $75,000 Active 130 DOM
4. 2026-06-15
   days on market $75,000 Active 129 DOM
5. 2026-06-13
   statusdays on market $75,000 Active 127 DOM
6. 2026-06-08
   status $75,000 Pending 124 DOM
7. 2026-06-07
   days on market $75,000 Active 124 DOM
8. 2026-06-04
   statusdays on market $75,000 Active 121 DOM
9. 2026-05-14
   price $75,000
10. 2026-03-24
    price $80,000
11. 2026-02-23
    status Active
12. 2026-02-22
    status Pending
13. 2026-02-12
    price $85,000
14. 2026-01-27
    listed $90,000 Active
15. 2025-10-31
    historical
16. 2025-05-19
    listed $93,000 Active
17. 2025-03-24
    historical
18. 2025-03-17
    price $95,000
19. 2024-12-06
    listed $109,000 Active
20. 2024-12-02
    historical
21. 2024-11-18
    price $64,900
22. 2024-11-13
    price $74,900
23. 2024-10-31
    price $84,900
24. 2024-10-24
    price $94,900
25. 2024-10-17
    listed $99,900 Active
26. 2024-09-19
    historical
27. 2024-08-29
    price $85,000
28. 2024-07-08
    price $90,000
29. 2024-05-17
    price $95,000
30. 2024-04-15
    price $100,000
31. 2024-03-29
    listed $110,000 Active
32. 2024-03-16
    historical
33. 2024-01-25
    price $110,000
34. 2023-12-20
    price $120,000
35. 2023-10-07
    price $135,000
36. 2023-10-01
    listed $150,000 Active
37. 2023-09-30
    historical
38. 2023-06-20
    historical
39. 2022-06-20
    listed $95,000 Active
40. 2020-10-16
    historical
41. 2020-08-07
    status Active
42. 2020-08-01
    status Pending
43. 2020-06-05
    listed $47,000 Active
44. 1999-12-10
    soldstatus $19,000

ⓘ 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: $2,367 · $197/mo
• Projected year-2 tax: $2,367 · $197/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $18,140
• − Mortgage interest: −$4,201
• − Property taxes: −$2,367
• − Insurance: −$375
• − Repairs & maintenance: −$1,451
• − Management: −$1,451
• − HOA: −$4,716
• − Depreciation: −$2,182
• Taxable income: $1,397
• Est. tax owed @ 24.0%: −$335
• After-tax cash flow: $1,818/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 — Lauderdale Lakes

• Score: 81/100
• State rank: #100
• US rank: #1527

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lauderdale Lakes, FL
• County: Broward County · 1,963,430 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 62,807
• Household income: $46,305
• Rent vs Own: 54.3% rent · 45.7% own
• Severe rent burden: 5692.0

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% Hispanic / Latino 12% Two or more races 8% White 7% Asian 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 20%
• Foreign-born: 39% · Canada, Jamaica, Dominican Republic
• Languages at home: 66% English-only · French/Haitian/Cajun 22% Spanish 10%

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: ▼ -338.15%
• Current HPI: 288.9345
• Rent YoY: ▲ 0.26%
• 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

+294.7% since first listed

36 events — show timeline

• 2026-05-14 Price Changed $75,000 MARMLS
• 2026-03-24 Price Changed $80,000 MARMLS
• 2026-02-23 Relisted — MARMLS
• 2026-02-22 Pending — MARMLS
• 2026-02-12 Price Changed $85,000 MARMLS
• 2026-01-27 Listed $90,000 MARMLS
• 2025-10-31 Listing Removed — MARMLS
• 2025-05-19 Listed $93,000 MARMLS
• 2025-03-24 Listing Removed — MARMLS
• 2025-03-17 Price Changed $95,000 MARMLS
• 2024-12-06 Listed $109,000 MARMLS
• 2024-12-02 Listing Removed — MARMLS
• 2024-11-18 Price Changed $64,900 MARMLS
• 2024-11-13 Price Changed $74,900 MARMLS
• 2024-10-31 Price Changed $84,900 MARMLS
• 2024-10-24 Price Changed $94,900 MARMLS
• 2024-10-17 Listed $99,900 MARMLS
• 2024-09-19 Listing Removed — MARMLS
• 2024-08-29 Price Changed $85,000 MARMLS
• 2024-07-08 Price Changed $90,000 MARMLS
• 2024-05-17 Price Changed $95,000 MARMLS
• 2024-04-15 Price Changed $100,000 MARMLS
• 2024-03-29 Listed $110,000 MARMLS
• 2024-03-16 Listing Removed — MARMLS
• 2024-01-25 Price Changed $110,000 MARMLS
• 2023-12-20 Price Changed $120,000 MARMLS
• 2023-10-07 Price Changed $135,000 MARMLS
• 2023-10-01 Listed $150,000 MARMLS
• 2023-09-30 Coming Soon — MARMLS
• 2023-06-20 Listing Removed — MARMLS
• 2022-06-20 Listed $95,000 MARMLS
• 2020-10-16 Listing Removed — MARMLS
• 2020-08-07 Relisted — MARMLS
• 2020-08-01 Pending — MARMLS
• 2020-06-05 Listed $47,000 MARMLS
• 1999-12-10 Sold (Public Records) $19,000 Public Records

Property tax history

+19.4%/yr

Latest (2025): $2,367 · +2.6% YoY. Source: county tax records.