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5821 NE 18th Ave Duplex
C Composite 59.3
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 +20.2/30.0
  • ARV discount +12.7/15.0
  • DSCR +6.4/10.0
  • 1% rule +5.3/10.0
  • Livability +4.1/5.0
  • Schools +3.9/10.0
  • Condition / age +3.8/5.0
  • Rent growth +3.0/5.0
  • Appreciation +0.0/10.0

$700,000

5821 NE 18th Ave · Fort Lauderdale, FL 33334
11 bd · 10.0 ba · 2,664 sqft · MultiFamily · 169 Days on market
Built 1967 Good condition $263/sqft · 11% below area Est $791k · 11% under ↓ 9% since listing

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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Own a four-unit apartment building for under $1 million just two miles from the beach. This half-renovated property includes two one-bedroom units, one studio, and one two-bedroom unit, all with one bath. The fully renovated 2/1 boasts central air, in-unit washer and dryer, and an electric fireplace (fireplace doesn't convey) opening to a private oasis, perfect for an owner-occupant or Airbnb setup. The studio is nearly complete, needing only a bathroom update, while the remaining two units present value add potential. A rare investment opportunity with income, flexibility, and upside.

Key facts

  • Fully renovated 2/1
  • Private oasis
  • Electric fireplace

Tags

FOUR-UNIT APARTMENT BUILDINGFULLY RENOVATED 2/1CENTRAL AIRIN-UNIT WASHER AND DRYERELECTRIC FIREPLACEPRIVATE OASIS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 6-bed/?-bath units multifamily listed at $700k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $881 ($11k/yr) — positive. Per door: $441/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($7k rent vs $700k).
  • Recommended offer: $616k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.8% 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 (+2.0%/yr); 523 active listings in the ZIP; solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
  • At $3,620/mo per unit this rent would consume 58% of the median local household income ($75k/yr) (locally 20% 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 $5k of loan paydown is wiped out by about $21k 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 169 days — a 12% lower offer ($616k) 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 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $616,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  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
1.03%
Cap rate
7.80%
Cash-on-cash
5.40%
DSCR
1.24
GRM
8.1

CMA / ARV

ARV (median comp)
$790,678
List price
$700,000
Delta
-11.47%
Verdict
UNDERPRICED
Comps
12 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1831 NE 56th St 0.25mi 9/11.0 (-2) 2,734 (+3%) 29mo $825,000 $302 50
5100 NE 17th Ter 0.62mi 13/10.0 (+2) 2,557 (-4%) 8mo $884,900 $346 48
901 NE 39th St 1.87mi 9/6.0 (-2) 2,894 (+9%) 10mo $680,000 $235 22
281 NW 43rd St 2.12mi 12/6.0 (+1) 2,403 (-10%) 24mo $660,000 $275 9
220-224 NW 57th St 1.59mi 12/4.0 (+1) 2,115 (-21%) 53mo $462,500 $219 0

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 · 2.01% rent growth · sell at horizon

5-year hold
IRR
-9.0%
Equity multiple
0.67×
Total profit
$-64,333
Equity at exit
$104,372
10-year hold
IRR
-0.9%
Equity multiple
0.94×
Total profit
$-12,025
Equity at exit
$60,523

Cash invested: $196,000 (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.

Active competition Active MLS

For sale now
2 active · 1 under contract
Median asking
$1,100,000 ($365/sqft)
Median days on market
106 d
This list price
lowest-priced of the active set
ARV vs active asking
-18.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33334

Home prices YoY
-34.6%
Rents YoY
2.0%
Active inventory
523
Price-to-rent
16.1×

Monthly cashflow live

Estimated rent
$7,239 medium interval (Pro) →
Mortgage (P&I)
$3,671
Tax est. 1.5%
$875 /mo · $10,500/yr
Insurance
$292
HOA
$0
Vacancy / Maint / Mgmt
$1,520
Net cashflow
$881

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $7,239

Break-even live

Break-even rent $6,123
Max offer price $700,000
Occupancy floor 83%

Sensitivity live

Price -10% $1,365 -5% $1,123 +0% $881 +5% $639 +10% $398
Rent -10% $309 -5% $595 +0% $881 +5% $1,167 +10% $1,453
Rate -1.0pp $1,234 -0.5pp $1,059 base $881 +0.5pp $700 +1.0pp $515

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
$175,000
Closing costs
$21,000
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1761 NE 52nd St Unit 1-2 Oakland Park, FL 2.0 2.0 2028 $3,650 $1.80 120d 1 0.44mi
1738 NE 52nd St Oakland Park, FL 2.0 2.0 1230 $3,150 $2.56 19d 1 0.49mi
2152 NE 61st Ct Fort Lauderdale, FL 2.0 2.0 1385 $3,950 $2.85 81d 1 0.55mi
2169 Imperial Point Dr Fort Lauderdale, FL 2.0 2.0 1300 $4,200 $3.23 120d 1 0.60mi
1400 NE 54th St Fort Lauderdale, FL 2.0–3.0 2.0–3.0 1352 $2,950 $2.18 19d 2 0.61mi
1400 NE 54th St #107 Fort Lauderdale, FL 2.0 2.0 952 $2,950 $3.10 11d 1 0.61mi
1611 NE 50th Ct Unit 1 Fort Lauderdale, FL 2.0 2.0 825 $3,000 $3.64 86d 1 0.68mi
1601 SW 1st Ter Unit 1 Pompano Beach, FL 2.0 2.0 1143 $2,850 $2.49 34d 1 0.68mi
2700 NE 56th Ct Unit 4B Fort Lauderdale, FL 2.0 2.0 1400 $2,995 $2.14 37d 1 0.83mi
5760 NE 27th Ave Unit B Fort Lauderdale, FL 2.0 2.0 1250 $3,475 $2.78 51d 1 0.89mi
5760 NE 27th Ave Unit B Fort Lauderdale, FL 2.0 2.0 1494 $3,475 $2.33 19d 1 0.89mi
1621 S Dixie Hwy Unit 2f Pompano Beach, FL 2.0 2.0 1098 $3,000 $2.73 86d 1 0.98mi
160 SE 12th St Pompano Beach, FL 2.0 2.0 950 $5,390 $5.67 120d 1 1.02mi
2400 NE 65th St Fort Lauderdale, FL 1.0–3.0 1.0–2.0 1092 $1,991 $1.82 0d 21 1.03mi
1156 SW 4th Ave Pompano Beach, FL 2.0 1.0 945 $3,300 $3.49 101d 1 1.06mi
4804 NE 21st Ave #4804 Fort Lauderdale, FL 2.0 2.0 1400 $4,500 $3.21 120d 1 1.06mi
4800 NE 25th Ave Apt N Fort Lauderdale, FL 2.0 2.0 1800 $3,200 $1.78 113d 1 1.14mi
4800 NE 25th Ave Apt N Fort Lauderdale, FL 2.0 2.0 1800 $3,200 $1.78 117d 1 1.14mi
2901 NE 51st St #3 Fort Lauderdale, FL 2.0 2.0 800 $2,900 $3.62 2d 1 1.14mi
1631 S Federal Hwy Pompano Beach, FL 1.0–3.0 1.0–2.0 1092 $2,049 $1.88 0d 16 1.17mi
6299 Bay Club Dr #4 Fort Lauderdale, FL 2.0 2.0 1200 $4,900 $4.08 120d 1 1.18mi
4511 NE 13th Ave Oakland Park, FL 2.0 2.0 1400 $3,200 $2.29 103d 1 1.22mi
5157 NE 5th Ave Unit 1 Fort Lauderdale, FL 2.0 1.0 1250 $3,000 $2.40 51d 1 1.23mi
4810 NE 8th Ave Oakland Park, FL 2.0 2.0 1284 $3,031 $2.36 18d 1 1.25mi
3111 NE 51st St Unit 301 Fort Lauderdale, FL 2.0 2.0 1300 $3,800 $2.92 120d 1 1.27mi
3111 NE 51st St Unit 106C Fort Lauderdale, FL 2.0 2.0 1300 $3,200 $2.46 48d 1 1.27mi
3111 NE 51st St Fort Lauderdale, FL 2.0 2.0 1300 $3,012 $2.32 34d 2 1.27mi
3031 NE 51st St Unit 305W Fort Lauderdale, FL 2.0 2.0 1300 $3,000 $2.31 82d 1 1.27mi
6417 Bay Club Dr #2 Fort Lauderdale, FL 2.0 2.0 1200 $3,000 $2.50 88d 1 1.28mi
6219 Bay Club Dr Fort Lauderdale, FL 2.0 2.0 1200 $3,200 $2.67 38d 1 1.28mi
4800 Bayview Dr #303 Fort Lauderdale, FL 2.0 2.0 1032 $3,500 $3.39 120d 1 1.29mi
3051 NE 48th St #301 Fort Lauderdale, FL 2.0 2.0 1450 $3,100 $2.14 11d 1 1.35mi
6407 Bay Club Dr #1 Fort Lauderdale, FL 1.0 1.5 850 $3,000 $3.53 31d 1 1.35mi
5100 DuPont Blvd Unit 10N Fort Lauderdale, FL 2.0 2.5 1079 $6,000 $5.56 55d 1 1.36mi
5296 NE 2nd Ter Oakland Park, FL 2.0 1.0 1148 $3,000 $2.61 84d 1 1.39mi
6439 Bay Club Dr #1 Fort Lauderdale, FL 2.0 2.0 1200 $2,900 $2.42 19d 1 1.40mi
3100 NE 49th St #807 Fort Lauderdale, FL 2.0 2.0 1160 $3,000 $2.59 2d 1 1.42mi
3100 NE 48th St #908 Fort Lauderdale, FL 2.0 2.0 1181 $3,100 $2.62 117d 1 1.42mi
3100 NE 48th St #908 Fort Lauderdale, FL 2.0 2.0 1181 $3,100 $2.62 114d 1 1.42mi
3101 Port Royale Blvd Fort Lauderdale, FL 1.0–2.0 1.0–2.0 752 $1,965 $2.61 35d 20 1.42mi

Property features AI

Finance

Other
No additional financial details provided
Financial info
Property is a multi-unit rental: several leased units with listed actual rents (examples): $1,800; $1,300; $1,250; $1,200Rent includes gardener, pest control, sewer, trash collection, and water
HOA & community
No HOA information provided

Exterior

Parking
Total of 4 parking spaces
Security
No security features provided
Utilities
Public waterPublic sewerCable available
Home design
Single-story buildingResale propertyZoning: RMM-25
Construction
Block constructionShingle roof
Exterior features
Less than quarter acre lotParking spaces available for tenants (on-site parking)

Interior

Kitchen
No kitchen appliance details provided
Bedrooms
Units with 1 bedroom and units with 2 bedrooms (multiple unit property)
Flooring
TerrazzoTileVinyl
Bathrooms
Multiple units each with full bathrooms
Heating & cooling
Central heatingElectric heatingWall furnaceCentral air conditioningCeiling fansWall/window units
Interior features
Terrazzo, tile, and vinyl flooring
Laundry & utility
No laundry details provided

Listing history 27 events

  1. 2026-07-07
    pricedays on market $700,000 Active 169 DOM
  2. 2026-07-06
    days on market $799,000 Active 168 DOM
  3. 2026-07-06
    days on market $799,000 Active 167 DOM
  4. 2026-07-03
    days on market $799,000 Active 165 DOM
  5. 2026-07-02
    days on market $799,000 Active 164 DOM
  6. 2026-07-01
    days on market $799,000 Active 163 DOM
  7. 2026-06-30
    days on market $799,000 Active 162 DOM
  8. 2026-06-29
    days on market $799,000 Active 161 DOM
  9. 2026-06-28
    days on market $799,000 Active 160 DOM
  10. 2026-06-27
    days on market $799,000 Active 159 DOM
  11. 2026-06-26
    days on market $799,000 Active 158 DOM
  12. 2026-06-24
    days on market $799,000 Active 156 DOM
  13. 2026-06-21
    pricedays on market $799,000 Active 153 DOM
  14. 2026-06-18
    days on market $869,000 Active 150 DOM
  15. 2026-06-17
    days on market $869,000 Active 149 DOM
  16. 2026-06-16
    days on market $869,000 Active 148 DOM
  17. 2026-06-15
    days on market $869,000 Active 147 DOM
  18. 2026-06-13
    days on market $869,000 Active 145 DOM
  19. 2026-06-09
    days on market $869,000 Active 141 DOM
  20. 2026-06-07
    days on market $869,000 Active 139 DOM
  21. 2026-06-04
    days on market $869,000 Active 136 DOM
  22. 2026-06-03
    days on market $869,000 Active 135 DOM
  23. 2026-06-02
    days on market $869,000 Active 134 DOM
  24. 2026-06-01
    days on market $869,000 Active 133 DOM
  25. 2026-05-31
    days on market $869,000 Active 132 DOM
  26. 2026-04-25
    price $899,000
  27. 2026-01-19
    listed $989,999 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 3/10 Moderate FEMA zone X (shaded) · 12% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$86,868
− Mortgage interest
−$39,211
− Property taxes
−$10,500
− Insurance
−$3,500
− Repairs & maintenance
−$6,949
− Management
−$6,949
− Depreciation
−$20,364
Taxable loss
−$605
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$145
After-tax cash flow
$10,721/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 · 3 photos

Good 75/100 Cosmetic rehab Est. rehab $13,320–$39,960 screening

A well-maintained, half-renovated multi-family property with good curb appeal and potential for further value enhancement.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and resale value
  • Both Landscaping improvements — Enhances curb appeal 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 Floranada Elementary School B+ FL #450/2,144 Nat'l #4,366/41,679 Middle James S. Rickards Middle School F FL #522/571 Nat'l #10,474/14,009 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)
30,935
Household income
$75,361
Rent vs Own
43.3% rent · 56.7% own
Severe rent burden
20% 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
Diverse neighborhood (Simpson 0.68)
Race & ethnicity
White 43% Hispanic / Latino 32% Two or more races 25% Black 17% Asian 2%
Hispanic origin (detail)
Mexican 2% Puerto Rican 4% Cuban 4%
Common ancestry
Hispanic 5% Lithuanian 3% Romanian 2%
Foreign-born
31% · Canada, Jamaica, Vietnam
Languages at home
59% English-only · Spanish 28% Other Indo-European 5% French/Haitian/Cajun 5%

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

-9.2% since first listed
2 events — show timeline
  • 2026-04-25 Price Changed $899,000 MARMLS
  • 2026-01-19 Listed $989,999 MARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…