2000 NE 51st Ct #107 · Fort Lauderdale, FL 33308

$160,000

1 bd · 1.0 ba · 600 sqft · Condo public records · 474 Days on market

Built 1963 $235/mo HOA · 9% of rent ↓ 13% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Opportunity in Quiet, Well-Maintained Community Located in a peaceful neighborhood, this well-maintained property offers an excellent opportunity for investors or homeowners alike. Enjoy a large sparkling community pool and the convenience of one assigned parking space right outside the front door. The location is ideal—walk to nearby restaurants, shopping, and grocery stores, and reach the beach and pier just ¾ mile east. The property is also conveniently located near Holy Cross Hospital. Interior Features: * Open kitchen with new appliances * Beautiful large tile flooring throughout * Built-in custom closets providing excellent storage * Tankless hot water s

Key facts

• Tile floors
• Quiet neighborhood
• Built-in closets

Tags

• QUIET NEIGHBORHOOD
• OPEN KITCHEN
• BUILT-IN CLOSETS
• TILE FLOORS
• HOT WATER SYSTEM

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Quarterly association fee; Association fee covers common areas, legal/accounting, grounds maintenance, pool(s), roof, sewer, trash and water; Community laundry; Community pool; Senior community

Exterior

• Parking: Assigned parking (one space)
• Security: Smoke detector(s)
• Utilities: Cable available
• Home design: Block construction; 2 stories; Entry on level 1; Updated/remodeled; Attached property
• Construction: Block construction; Effective year built
• Exterior features: Open porch; Porch; Storm/security shutters; Smoke detector(s)

Interior

• Kitchen: Dishwasher; Electric range; Self-cleaning oven; Microwave; Refrigerator; Disposal; Pantry
• Bedrooms: Primary bedroom on main level
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; Ceiling fans; Wall/window cooling units
• Interior features: Closet cabinetry; First-floor entry; Living/dining room; Main-level primary bedroom; Pantry; Tub/shower; Tile flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 2.2% 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.
• Market conditions: Rents rising (+3.6%/yr); 739 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 32% of the median local income ($94k/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 $1k of loan paydown is wiped out by about $5k 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 + 3.6% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 474 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 2y ago; this cycle's ask is 9900% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 474 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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: 1.56% ✓
• Cap rate: 10.99%
• Cash-on-cash: 16.77%
• DSCR: 1.75
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.63% rent growth · sell at horizon

5-year hold

• IRR: 8.9%
• Equity multiple: 1.35×
• Total profit: $15,737
• Equity at exit: $23,857

10-year hold

• IRR: 18.7%
• Equity multiple: 2.62×
• Total profit: $72,434
• Equity at exit: $13,834

Cash invested: $44,800 (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 33308

• Rents YoY: 3.6%
• Active inventory: 739
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,496 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$205 /mo · $2,458/yr
• Insurance: −$67
• HOA: −$235
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $626

Break-even live

Break-even rent $1,703

Max offer price $160,000

Occupancy floor 70%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3801 Dixie Hwy Oakland Park, FL	2.0	1.0–2.0	944	$2,894	$3.07	14d	45	1.33mi
3411 N Federal Hwy Fort Lauderdale, FL	2.0	1.0–2.0	754	$2,885	$3.83	2d	59	1.36mi

HOA detail condo

• Monthly dues: $235 · $2,820/yr
• Likely covers: waterpoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $160,000 Active 474 DOM
2. 2026-06-17
   days on market $160,000 Active 473 DOM
3. 2026-06-16
   days on market $160,000 Active 472 DOM
4. 2026-06-15
   days on market $160,000 Active 471 DOM
5. 2026-06-13
   days on market $160,000 Active 469 DOM
6. 2026-06-09
   days on market $160,000 Active 465 DOM
7. 2026-06-07
   days on market $160,000 Active 463 DOM
8. 2026-06-04
   days on market $160,000 Active 460 DOM
9. 2026-06-03
   days on market $160,000 Active 459 DOM
10. 2026-06-02
    days on market $160,000 Active 458 DOM
11. 2026-06-01
    days on market $160,000 Active 457 DOM
12. 2026-05-31
    days on market $160,000 Active 456 DOM
13. 2026-03-05
    price $160,000
14. 2026-01-29
    price $190,000
15. 2026-01-29
    status Active
16. 2025-07-03
    status Active
17. 2025-07-03
    historical
18. 2025-06-12
    historical
19. 2025-01-03
    price $169,000
20. 2024-12-30
    historical $1,600
21. 2024-12-30
    status Active
22. 2024-12-27
    historical
23. 2024-08-25
    listed $1,600
24. 2024-07-31
    price $179,000
25. 2024-07-31
    historical $1,600
26. 2024-07-30
    status Active
27. 2024-07-14
    listed $1,600
28. 2024-07-02
    listed $183,500 Active

ⓘ 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: $2,458 · $205/mo
• Projected year-2 tax: $2,458 · $205/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: $29,952
• − Mortgage interest: −$8,962
• − Property taxes: −$2,458
• − Insurance: −$800
• − Repairs & maintenance: −$2,396
• − Management: −$2,396
• − HOA: −$2,820
• − Depreciation: −$4,655
• Taxable income: $5,464
• Est. tax owed @ 24.0%: −$1,311
• After-tax cash flow: $6,204/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 — 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 · 1,963,430 people
• City population: 235,769
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 27,935
• Household income: $93,879
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 912.0

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 White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 16% Two or more races 14% Asian 3% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 4% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 24% · Canada, Jamaica, Dominican Republic
• Languages at home: 75% English-only · Spanish 14% Other Indo-European 5% Russian/Polish/Slavic 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: ▼ -417.95%
• Current HPI: 325.3902
• Rent YoY: ▲ 3.63%
• 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

-12.8% since first listed

16 events — show timeline

• 2026-03-05 Price Changed $160,000 MARMLS
• 2026-01-29 Price Changed $190,000 MARMLS
• 2026-01-29 Relisted — MARMLS
• 2025-07-03 Relisted — MARMLS
• 2025-07-03 Listing Removed — MARMLS
• 2025-06-12 Listing Removed — MARMLS
• 2025-01-03 Price Changed $169,000 MARMLS
• 2024-12-30 Rental Removed $1,600 MARMLS
• 2024-12-30 Relisted — MARMLS
• 2024-12-27 Listing Removed — MARMLS
• 2024-08-25 Listed for Rent $1,600 MARMLS
• 2024-07-31 Price Changed $179,000 MARMLS
• 2024-07-31 Rental Removed $1,600 MARMLS
• 2024-07-30 Relisted — MARMLS
• 2024-07-14 Listed for Rent $1,600 MARMLS
• 2024-07-02 Listed $183,500 MARMLS

Property tax history

+22.2%/yr

Latest (2025): $2,458 · -3.6% YoY. Source: county tax records.