5871 SW 29th Ave · Dania Beach, FL 33312

$180,000

2 bd · 2.0 ba · 748 sqft · Manufactured public records · 38 Days on market

Built 1982 5,256 sqft lot Est $162k · 11% over $115/mo HOA · 5% 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 +24.1/30.0
• DSCR +7.8/10.0
• 1% rule +7.0/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Rent growth +2.8/5.0
• ARV discount +2.6/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 2-bedroom, 2-bath mobile home located on a 5,256 sq ft oversized lot in Ravenswood Estates & Marina, an all-ages community where you own the land. Enjoy access to resort-style amenities including a pool, tennis courts, fitness center, & more. Built in 1987, this home offers a great opportunity for buyers to update and make it their own or purchase for the lot and add a new home. Features include an aluminum roof, Florida room, and a dedicated utility/laundry area, providing a functional starting point for renovation or future plans. The spacious lot offers plenty of room to enhance and create your ideal outdoor space. No rentals permitted during the first 3 years of owne

Key facts

• Aluminum roof
• Florida room
• Ideal outdoor space

Tags

• OVERSIZED LOT
• RESORT-STYLE AMENITIES
• ALUMINUM ROOF
• FLORIDA ROOM
• DEDICATED UTILITY LAUNDRY AREA
• IDEAL OUTDOOR SPACE

Property features AI

Finance

• Financial info: Pets allowed with restrictions or possible restrictions
• HOA & community: Monthly association fee of $115 covering common area maintenance; Community clubhouse, fitness center, maintained common areas, pool, tennis courts, street lights

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Cable available
• Home design: Manufactured home; Single-story; North-facing
• Construction: Aluminum roof
• Exterior features: Exterior lighting; Community pool

Interior

• Kitchen: Refrigerator
• Bedrooms: Primary bedroom on main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Closet cabinetry; First-floor entry; Open living/dining area; Main-level primary bedroom

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $180k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $175k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 3.9% in Dania Beach — 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 77/100 on livability (#180 in FL, #2,806 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A; Watch: schools D, employment 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 rising (+1.3%/yr); 412 active listings in the ZIP; 22 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 34% of the median local income ($76k/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.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $180k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,600 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.20% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $162,316
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2851 W Marina Dr	0.19mi	2/1.0	760 (+2%)	3mo	$165,000	$217	82

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 · 1.3% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.80×
• Total profit: $-10,078
• Equity at exit: $26,839

10-year hold

• IRR: 1.9%
• Equity multiple: 1.13×
• Total profit: $6,376
• Equity at exit: $15,563

Cash invested: $50,400 (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 33312

• Rents YoY: 1.3%
• Active inventory: 412
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,151 high
• Mortgage (P&I): −$944
• Tax from tax record: −$211 /mo · $2,528/yr
• Insurance: −$75
• HOA: −$115
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $355

Break-even live

Break-even rent $1,702

Max offer price $180,000

Occupancy floor 78%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4951 SW 28th Ter Unit 2 Fort Lauderdale, FL	2.0	1.0	700	$2,600	$3.71	24d	1	0.77mi
4940 SW 28th Ter Fort Lauderdale, FL	2.0	1.0	640	$2,000	$3.12	24d	1	0.79mi
4910 SW 28th Ter #3 Fort Lauderdale, FL	1.0	1.0	650	$1,699	$2.61	24d	1	0.82mi
3265 Griffin Rd #206 Fort Lauderdale, FL	1.0	1.0	713	$1,700	$2.38	17d	1	1.02mi
Fort Lauderdale Fort Lauderdale, FL	1.0	1.0	400	$1,500	$3.75	24d	1	1.20mi
3211 SW 44th St #117 Fort Lauderdale, FL	1.0	1.0	400	$1,480	$3.70	10d	1	1.29mi
3071 SW 45th St Fort Lauderdale, FL	1.0	1.0	700	$2,000	$2.86	17d	1	1.29mi
3251 SW 44th St Fort Lauderdale, FL	1.0	1.0	372	$1,425	$3.83	14d	2	1.29mi
2200 Park Ln #109 Hollywood, FL	1.0	1.5	727	$1,650	$2.27	3d	1	1.30mi
2223 Park Ln #306 Hollywood, FL	1.0	1.0	703	$1,825	$2.60	24d	1	1.32mi
4000 N 56th Ave Hollywood, FL	2.0	1.0–2.0	776	$2,195	$2.83	2d	7	1.37mi
3610 N 56th Ave Hollywood, FL	1.0–2.0	1.0	771	$2,100	$2.72	7d	2	1.37mi
5050 SW 40th Ave Unit 4 Fort Lauderdale, FL	2.0	1.0	750	$1,800	$2.40	18d	1	1.38mi
3640 N 56th Ave #401 Hollywood, FL	2.0	1.0	749	$1,900	$2.54	20d	1	1.39mi
3640 N 56th Ave #401 Hollywood, FL	2.0	1.0	749	$1,900	$2.54	2d	1	1.39mi
3650 N 56th Ave #520 Hollywood, FL	1.0	1.0	659	$1,700	$2.58	18d	1	1.42mi
121 N Compass Way Dania, FL	1.0–2.0	1.0–2.0	871	$3,010	$3.45	24d	3	1.44mi
3660 N 56th Ave #609 Hollywood, FL	1.0	1.0	659	$1,725	$2.62	17d	1	1.46mi
3700 N 56th Ave Hollywood, FL	1.0–2.0	1.0	704	$2,100	$2.98	24d	3	1.47mi
3700 N 56th Ave #1015 Hollywood, FL	1.0	1.0	659	$1,900	$2.88	7d	1	1.47mi
3690 N 56th Ave Hollywood, FL	1.0–2.0	1.0	771	$2,200	$2.85	3d	2	1.48mi
120 N Compass Way Dania, FL	1.0–3.0	1.0–2.0	982	$2,819	$2.87	24d	1	1.48mi

HOA detail

• Monthly dues: $115 · $1,380/yr
• Likely covers: poolgym

Listing history 7 events

1. 2026-05-18
   price $180,000
2. 2026-05-15
   status Active
3. 2026-05-11
   historical Active Under Contract
4. 2026-04-20
   listed $200,000 Active
5. 2006-08-23
   soldstatus $64,000
6. 1990-07-23
   soldstatus $45,000
7. 1981-04-01
   soldstatus $13,500

ⓘ 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: $2,528 · $211/mo
• Projected year-2 tax: $2,528 · $211/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

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 ≥105°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,818
• − Mortgage interest: −$10,083
• − Property taxes: −$2,528
• − Insurance: −$900
• − Repairs & maintenance: −$2,065
• − Management: −$2,065
• − HOA: −$1,380
• − Depreciation: −$5,236
• Taxable income: $1,560
• Est. tax owed @ 24.0%: −$374
• After-tax cash flow: $3,886/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 — Dania Beach

• Score: 77/100
• State rank: #180
• US rank: #2806

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dania Beach, FL
• County: Broward County · 1,963,430 people
• City population: 17,094
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 52,798
• Household income: $75,952
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 1903.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 34% Hispanic / Latino 32% Black 29% Two or more races 20% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 6% Salvadoran 1%
• Common ancestry: Hispanic 6% Romanian 3% Italian 1%
• Foreign-born: 33% · Canada, Jamaica, Dominican Republic
• Languages at home: 59% English-only · Spanish 29% French/Haitian/Cajun 7% Other Indo-European 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: ▼ -323.99%
• Current HPI: 382.6298
• Rent YoY: ▲ 1.30%
• 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

+1233.3% since first listed

7 events — show timeline

• 2026-05-18 Price Changed $180,000 MARMLS
• 2026-05-15 Relisted — MARMLS
• 2026-05-11 Contingent — MARMLS
• 2026-04-20 Listed $200,000 MARMLS
• 2006-08-23 Sold (Public Records) $64,000 Public Records
• 1990-07-23 Sold (Public Records) $45,000 Public Records
• 1981-04-01 Sold (Public Records) $13,500 Public Records

Property tax history

+10.3%/yr

Latest (2025): $2,528 · +4.4% YoY. Source: county tax records.