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5821 NE 18th Ave Duplex
C+ Composite 62.35
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 +22.1/30.0
  • ARV discount +12.7/15.0
  • DSCR +7.1/10.0
  • 1% rule +5.8/10.0
  • 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 $1k ($14k/yr) — positive. Per door: $564/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($8k rent vs $700k).
  • Recommended offer: $616k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.2% vs local median 1.9% 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); 568 active listings in the ZIP; solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
  • At $3,776/mo per unit this rent would consume 60% 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
1.08% ✓
Cap rate
8.23%
Cash-on-cash
6.91%
DSCR
1.31
GRM
7.7

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%) 31mo $825,000 $302 50
5100 NE 17th Ter 0.62mi 13/10.0 (+2) 2,557 (-4%) 9mo $884,900 $346 47
901 NE 39th St 1.87mi 9/6.0 (-2) 2,894 (+9%) 12mo $680,000 $235 21
281 NW 43rd St 2.12mi 12/6.0 (+1) 2,403 (-10%) 26mo $660,000 $275 9
220-224 NW 57th St 1.59mi 12/4.0 (+1) 2,115 (-21%) 55mo $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
-6.8%
Equity multiple
0.75×
Total profit
$-48,889
Equity at exit
$104,372
10-year hold
IRR
1.5%
Equity multiple
1.10×
Total profit
$20,480
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
1 active · 2 under contract
Median asking
$1,200,000 ($414/sqft)
Median days on market
62 d
This list price
lowest-priced of the active set
ARV vs active asking
-28.3% 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
568
Price-to-rent
15.4×

Monthly cashflow live

Estimated rent
$7,552 medium interval (Pro) →
Mortgage (P&I)
−$3,671
Tax est. 1.5%
−$875 /mo · $10,500/yr
Insurance
−$292
HOA
−$0
Vacancy / Maint / Mgmt
−$1,586
Net cashflow
$1,129

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

UnitsBedsBathsEst. rent
Total (2 units) $7,552

Break-even live

Break-even rent $6,123
Max offer price $700,000
Occupancy floor 80%

Sensitivity live

Price -10% $1,612 -5% $1,370 +0% $1,129 +5% $887 +10% $645
Rent -10% $532 -5% $830 +0% $1,129 +5% $1,427 +10% $1,725
Rate -1.0pp $1,481 -0.5pp $1,307 base $1,129 +0.5pp $947 +1.0pp $763

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
5712 NE 17th Ter Unit 5712 Fort Lauderdale, FL 2.0 1.0 1000 $2,650 $2.65 3d 1 0.10mi
5891 NE 18th Ave #3 Fort Lauderdale, FL 2.0 1.0 2735 $1,900 $0.69 3d 1 0.11mi
1821 NE 56th St Fort Lauderdale, FL 2.0 1.0 800 $2,000 $2.50 3d 1 0.23mi
1741 NE 55th St Fort Lauderdale, FL 2.0 2.0 1050 $2,700 $2.57 3d 1 0.28mi
1701 NE 55th St Unit 1-2 Fort Lauderdale, FL 2.0 2.0 850 $2,499 $2.94 3d 1 0.30mi
2051 NE 56th St #2 Fort Lauderdale, FL 2.0 2.0 1000 $2,500 $2.50 3d 1 0.35mi
2020 NE 56th St Fort Lauderdale, FL 2.0 2.0 1000 $2,000 $2.00 3d 1 0.38mi
2137 NE 56th Ct Unit B Fort Lauderdale, FL 2.0 2.0 1140 $2,800 $2.46 3d 1 0.43mi
1761 NE 52nd St Unit 1-2 Oakland Park, FL 2.0 2.0 2028 $3,650 $1.80 165d 1 0.44mi
2070 NE 56th St Unit 1 Fort Lauderdale, FL 1.0 1.0 1000 $1,950 $1.95 3d 1 0.44mi
2110 NE 56th St Unit 1 Fort Lauderdale, FL 2.0 2.0 2533 $4,000 $1.58 10d 1 0.47mi
2110 NE 56th St Unit 1 Fort Lauderdale, FL 2.0 2.0 2533 $4,000 $1.58 29d 1 0.47mi
5811 NE 14th Rd Fort Lauderdale, FL 2.0 1.0 950 $1,950 $2.05 3d 1 0.48mi
5811 NE 14th Rd #1 Fort Lauderdale, FL 2.0 1.5 1100 $2,000 $1.82 3d 1 0.48mi
1738 NE 52nd St Oakland Park, FL 2.0 2.0 1230 $3,000 $2.44 36d 1 0.49mi
1425 NE 56th St Apt 5 Fort Lauderdale, FL 2.0 2.0 1890 $2,290 $1.21 3d 1 0.49mi
2167 NE 56th Ct Unit A Fort Lauderdale, FL 2.0 2.0 1106 $2,300 $2.08 3d 1 0.49mi
2160 NE 56th St Unit 2 Fort Lauderdale, FL 2.0 2.0 2500 $2,400 $0.96 3d 1 0.53mi
1407 NE 56th St Fort Lauderdale, FL 1.0–2.0 1.0–2.0 712 $1,900 $2.67 3d 3 0.53mi
6540 NE 18th Ave Fort Lauderdale, FL 2.0 1.5 903 $1,900 $2.10 3d 1 0.53mi
1400 NE 56th St Fort Lauderdale, FL 1.0 1.0 700 $2,542 $3.63 9d 1 0.54mi
2152 NE 61st Ct Fort Lauderdale, FL 2.0 2.0 1385 $3,950 $2.85 126d 1 0.55mi
2175 NE 56th St Fort Lauderdale, FL 2.0–3.0 1.0–2.0 960 $1,900 $1.98 2d 2 0.57mi
2169 Imperial Point Dr Fort Lauderdale, FL 2.0 2.0 1300 $4,200 $3.23 1d 1 0.60mi
2169 Imperial Point Dr Fort Lauderdale, FL 2.0 2.0 1300 $4,200 $3.23 23d 1 0.60mi
1400 NE 54th St Fort Lauderdale, FL 2.0–3.0 2.0–3.0 1352 $2,950 $2.18 65d 2 0.61mi
5240 NE 14th Way Fort Lauderdale, FL 2.0 1.0 4963 $2,100 $0.42 3d 1 0.61mi
5240 NE 14th Way Apt 4 Fort Lauderdale, FL 2.0 1.0 4963 $2,000 $0.40 3d 1 0.61mi
1400 NE 54th St #107 Fort Lauderdale, FL 2.0 2.0 952 $2,950 $3.10 3d 1 0.61mi
120 Cypress Club Dr #231 Pompano Beach, FL 2.0 2.0 966 $1,900 $1.97 3d 1 0.64mi
140 Cypress Club Dr #421 Pompano Beach, FL 2.0 2.0 966 $2,300 $2.38 2d 1 0.64mi
2230 NE 56th Pl #210 Fort Lauderdale, FL 2.0 1.5 1000 $1,895 $1.90 3d 1 0.66mi
5133 NE 18th Ter Unit 5133 Fort Lauderdale, FL 2.0 2.0 1315 $4,000 $3.04 38d 1 0.66mi
5131 NE 18th Ter Unit 5131 Fort Lauderdale, FL 2.0 2.0 1315 $4,000 $3.04 10d 1 0.66mi
5131 NE 18th Ter Unit 5131 Fort Lauderdale, FL 2.0 2.0 1315 $3,900 $2.97 15d 1 0.66mi
5120 NE 18th Ave Fort Lauderdale, FL 1.0 1.0 2443 $1,900 $0.78 3d 1 0.67mi
5122 NE 19th Ave #2 Fort Lauderdale, FL 2.0 1.0 625 $2,100 $3.36 3d 1 0.68mi
1611 NE 50th Ct Unit 1 Fort Lauderdale, FL 2.0 2.0 825 $3,000 $3.64 131d 1 0.68mi
1601 SW 1st Ter Unit 1 Pompano Beach, FL 2.0 2.0 1143 $2,850 $2.49 79d 1 0.68mi
5700 NE 22nd Way #324 Fort Lauderdale, FL 2.0 2.0 1100 $1,895 $1.72 3d 1 0.68mi

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
$90,624
− Mortgage interest
−$39,211
− Property taxes
−$10,500
− Insurance
−$3,500
− Repairs & maintenance
−$7,250
− Management
−$7,250
− Depreciation
−$20,364
Taxable income
$2,550
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$612
After-tax cash flow
$12,931/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%
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…