410 SW 134 Way · Davie, FL 33325

$69,900

3 bd · 2.0 ba · 1,100 sqft · Manufactured · 63 Days on market

Built 1996 Good condition $1206/mo HOA · 41% of rent

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Condition / age +3.8/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure- Bank owned home, Updated Home, 3 bedrooms, 2 baths

Key facts

• 2 parking spots
• Built 1996
• Listed 63 days

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Homeowners association present; HOA fee of $1,206; HOA covers common area maintenance and grounds maintenance

Exterior

• Parking: 2 total parking spaces; 2 covered parking spaces
• Utilities: Electricity available
• Home design: Single-story; Resale property
• Construction: Aluminum siding
• Exterior features: Street lights; Non-gated community

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $70k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.2% vs local median 3.4% in Davie — 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 (#68 in FL, #1,159 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, housing A+; Watch: cost of living D, amenities 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.
• Market conditions: Rents soft (-0.9%/yr); 176 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 35% of the median local income ($101k/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 $483 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.
• 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 $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
6. 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?
7. 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.
8. 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.
9. 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: 4.21% ✓
• Cap rate: 17.17%
• Cash-on-cash: 38.84%
• DSCR: 2.73
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $156,200
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
441 NW 135th Way	0.70mi	2/2.0 (-1)	984 (-10%)	13mo	$140,000	$142	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 28.2%
• Equity multiple: 2.08×
• Total profit: $21,185
• Equity at exit: $10,422

10-year hold

• IRR: 31.7%
• Equity multiple: 3.06×
• Total profit: $40,290
• Equity at exit: $6,044

Cash invested: $19,572 (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 33325

• Rents YoY: -0.9%
• Active inventory: 176
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $2,940 high
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$1,206
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $633

Break-even live

Break-even rent $2,138

Max offer price $69,900

Occupancy floor 73%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13761 Newport Mnr Davie, FL	3.0	2.0	1249	$3,500	$2.80	24d	1	0.30mi
651 Shiloh Ter Unit 651 Davie, FL	3.0	2.0	1249	$4,700	$3.76	24d	1	0.37mi
118 Riverwalk Cir Sunrise, FL	3.0	2.5	1447	$3,100	$2.14	24d	1	0.40mi
200 Commodore Dr Plantation, FL	2.0	2.0	1078	$2,743	$2.54	22d	1	0.47mi
200 Commodore Dr Plantation, FL	3.0	2.0	1124	$2,913	$2.59	20d	1	0.47mi
200 Commodore Dr Plantation, FL	3.0	2.0	1124	$3,014	$2.68	24d	1	0.47mi
13500 NW 3rd St Plantation, FL	1.0–3.0	1.0–2.5	1099	$3,725	$3.39	2d	21	0.50mi
14025 Langley Pl Davie, FL	3.0	2.0	1360	$3,250	$2.39	14d	1	0.55mi
14025 Langley Pl Davie, FL	3.0	2.0	1360	$3,250	$2.39	12d	1	0.55mi
400 Commodore Dr #308 Plantation, FL	2.0	2.5	1296	$2,400	$1.85	5d	1	0.59mi
430 Commodore Dr Unit 430 Plantation, FL	2.0	2.5	1296	$2,400	$1.85	5d	1	0.65mi
430 Commodore Dr #210 Plantation, FL	2.0	2.0	1130	$2,100	$1.86	24d	1	0.65mi
13060 Vista Isles Dr #222 Plantation, FL	2.0	1.0	965	$2,100	$2.18	7d	1	1.10mi
1631 SW 129th Way Davie, FL	3.0	2.0	1189	$3,700	$3.11	5d	1	1.17mi
12950 Vista Isles Dr #421 Plantation, FL	2.0	2.0	1105	$2,300	$2.08	24d	1	1.18mi
595 Vista Isles Dr #1925 Plantation, FL	2.0	1.0	965	$2,195	$2.27	18d	1	1.20mi
785 SW 148th Ave #1406 Davie, FL	3.0	3.0	1285	$2,550	$1.98	24d	1	1.20mi
781 SW 148th Ave Davie, FL	3.0	3.0	1285	$2,675	$2.08	24d	2	1.21mi
781 SW 148th Ave Davie, FL	1.0–3.0	1.0–3.0	1176	$2,750	$2.34	15d	3	1.21mi
12840 Vista Isles Dr Plantation, FL	2.0	1.0	965	$2,100	$2.18	7d	2	1.21mi
701 SW 148th Ave Davie, FL	3.0	3.0	1285	$2,500	$1.95	24d	1	1.22mi
735 SW 148th Ave Davie, FL	3.0	3.0	1285	$2,575	$2.00	24d	2	1.22mi
705 SW 148th Ave #213 Davie, FL	3.0	3.0	1409	$2,300	$1.63	16d	1	1.23mi
663 Vista Isles Dr #1711 Plantation, FL	2.0	2.0	1105	$2,350	$2.13	7d	1	1.23mi
721 SW 148th Ave Davie, FL	2.0	2.0–3.0	1138	$2,700	$2.37	24d	2	1.23mi
771 SW 148th Ave #1305 Davie, FL	2.0	1.0	1068	$2,250	$2.11	2d	1	1.23mi
761 SW 148th Ave #915 Davie, FL	2.0	2.0	1034	$2,380	$2.30	17d	1	1.24mi
761 SW 148th Ave #915 Davie, FL	2.0	2.0	1034	$2,490	$2.41	18d	1	1.24mi
741 SW 148th Ave Davie, FL	2.0	2.0	1064	$2,348	$2.21	11d	2	1.24mi
741 SW 148th Ave #705 Davie, FL	2.0	2.0	1064	$2,395	$2.25	5d	1	1.24mi
741 SW 148th Ave Davie, FL	2.0	2.0	1064	$2,348	$2.21	5d	2	1.24mi
715 SW 148th Ave #611 Davie, FL	2.0	1.0	1068	$2,250	$2.11	7d	1	1.26mi
715 SW 148th Ave #611 Davie, FL	2.0	1.0	1068	$2,250	$2.11	12d	1	1.26mi
711 SW 148th Ave Davie, FL	3.0	3.0	1347	$2,750	$2.04	14d	3	1.26mi
711 SW 148th Ave Davie, FL	3.0	3.0	1347	$2,720	$2.02	7d	2	1.26mi
745 SW 148th Ave #815 Davie, FL	2.0	2.0	1034	$2,425	$2.35	24d	1	1.28mi
701 Vista Isles Dr Plantation, FL	2.0	1.0	965	$2,200	$2.28	24d	2	1.28mi
751 SW 148th Ave Davie, FL	2.0–3.0	2.0–3.0	1123	$2,775	$2.47	24d	3	1.29mi
12430 Vista Isles Dr #1318 Plantation, FL	2.0	2.0	1065	$2,200	$2.07	24d	1	1.29mi
13755 SW 20th St Davie, FL	2.0	2.0	864	$2,500	$2.89	24d	1	1.38mi

HOA detail

• Monthly dues: $1,206 · $14,472/yr

Listing history 14 events

1. 2026-06-18
   days on market $69,900 Active 63 DOM
2. 2026-06-17
   days on market $69,900 Active 62 DOM
3. 2026-06-16
   days on market $69,900 Active 61 DOM
4. 2026-06-15
   days on market $69,900 Active 60 DOM
5. 2026-06-13
   days on market $69,900 Active 58 DOM
6. 2026-06-09
   days on market $69,900 Active 54 DOM
7. 2026-06-08
   days on market $69,900 Active 53 DOM
8. 2026-06-07
   days on market $69,900 Active 52 DOM
9. 2026-06-04
   days on market $69,900 Active 49 DOM
10. 2026-06-03
    days on market $69,900 Active 48 DOM
11. 2026-06-02
    days on market $69,900 Active 47 DOM
12. 2026-06-01
    days on market $69,900 Active 46 DOM
13. 2026-05-31
    days on market $69,900 Active 45 DOM
14. 2026-04-16
    listed $69,900 Active

ⓘ 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 ≥106°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: $35,278
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$2,822
• − Management: −$2,822
• − HOA: −$14,472
• − Depreciation: −$2,033
• Taxable income: $7,815
• Est. tax owed @ 24.0%: −$1,876
• After-tax cash flow: $5,725/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 · 8 photos

Good 75/100 Cosmetic rehab

This updated mobile home is in good condition with recent renovations, making it a solid investment opportunity.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Improves functionality and appearance

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Davie

• Score: 82/100
• State rank: #68
• US rank: #1159

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Davie, FL
• County: Broward County · 1,963,430 people
• City population: 92,317
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 32,399
• Household income: $100,553
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 924.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 51% White 33% Two or more races 31% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 8% Cuban 9% Dominican 1% Salvadoran 1%
• Common ancestry: Italian 3% Romanian 1% Scotch-Irish 1%
• Foreign-born: 35% · Canada, Jamaica, Dominican Republic
• Languages at home: 49% English-only · Spanish 46% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -437.64%
• Current HPI: 385.1467
• Rent YoY: ▼ -0.88%
• 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

1 event — show timeline

• 2026-04-16 Listed $69,900 MCRTC