3535 Broken Woods Dr #302 · Coral Springs, FL 33065

$160,000

2 bd · 2.0 ba · 1,124 sqft · Condo public records · 83 Days on market

Built 1970 $580/mo HOA · 27% of rent

---

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 +17.8/30.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

Key facts

• Private balcony
• Community amenities
• Elevator

Tags

• PRIVATE BALCONY
• GARDEN VIEWS
• CANAL VIEWS
• COMMUNITY AMENITIES
• POOL
• ELEVATOR

Property features AI

Finance

• Financial info: Pets allowed with restrictions or possible restrictions
• HOA & community: Monthly association fee of $580; Association covers common areas, insurance, grounds maintenance, structure maintenance, roof, sewer, trash, and water; Association amenities include laundry, barbecue area, picnic area, and elevators

Exterior

• Parking: Guest parking; One assigned space
• Utilities: Water service included in association; Sewer service included in association; Trash service included in association; Power: central electrical
• Home design: Attached property; 4-story building; Entry on 3rd floor; Has a view
• Construction: Block construction; Exterior lighting; Resale property
• Exterior features: Balcony; Barbecue; Open balcony/porch

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Living/dining room; Third-floor entry; Elevator access
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/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: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.6% in Coral Springs — 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 79/100 on livability (#145 in FL, #2,163 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities F, cost of living 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 soft (-0.0%/yr); 365 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 34% of the median local income ($74k/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 83 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.

Recommended offer $150,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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 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?
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: 1.33% ✓
• Cap rate: 7.27%
• Cash-on-cash: 3.51%
• DSCR: 1.16
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.48×
• Total profit: $-23,518
• Equity at exit: $23,857

10-year hold

• IRR: -15.9%
• Equity multiple: 0.27×
• Total profit: $-32,592
• 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 33065

• Home prices YoY: -22.0%
• Rents YoY: -0.0%
• Active inventory: 365
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,127 high
• Mortgage (P&I): −$839
• Tax from tax record: −$63 /mo · $762/yr
• Insurance: −$67
• HOA: −$580
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $131

Break-even live

Break-even rent $1,961

Max offer price $160,000

Occupancy floor 89%

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8982 W Sample Rd #204 Coral Springs, FL	2.0	2.0	1260	$2,200	$1.75	7d	1	0.17mi
3591 NW 88th Dr Coral Springs, FL	1.0–3.0	1.0–2.5	1244	$2,845	$2.29	1d	6	0.18mi
8958 W Sample Rd #8958 Coral Springs, FL	2.0	1.5	970	$2,250	$2.32	24d	1	0.20mi
8958 W Sample Rd Coral Springs, FL	2.0	1.5	970	$2,250	$2.32	3d	1	0.20mi
9150 NW 38th Dr Coral Springs, FL	1.0–2.0	1.5–2.0	950	$2,280	$2.40	24d	2	0.20mi
9150 NW 38th Dr Coral Springs, FL	1.0–2.0	1.5–2.0	950	$2,200	$2.32	3d	2	0.20mi
3554 N University Dr Unit 3554 Coral Springs, FL	2.0	2.0	737	$1,700	$2.31	24d	1	0.21mi
3596 N University Dr Coral Springs, FL	2.0	2.0	731	$2,000	$2.74	24d	1	0.21mi
3664 N University Dr Unit C7 Coral Springs, FL	2.0	2.0	737	$1,800	$2.44	24d	1	0.21mi
3712 N University Dr #3712 Coral Springs, FL	2.0	2.0	737	$1,700	$2.31	22d	1	0.21mi
3662 N University Dr Unit F7 Coral Springs, FL	2.0	2.0	737	$1,999	$2.71	24d	1	0.21mi
3225 N University Dr Coral Springs, FL	2.0	2.0	737	$1,900	$2.58	5d	1	0.22mi
8804 NW 38th Dr Unit 3 Coral Springs, FL	3.0	2.0	1300	$2,650	$2.04	24d	1	0.24mi
3748 N University Dr Unit A8 Coral Springs, FL	2.0	2.0	737	$1,650	$2.24	10d	1	0.25mi
3748 N University Dr Unit A8 Coral Springs, FL	2.0	2.0	737	$1,650	$2.24	24d	1	0.25mi
9203 NW 38th Dr #2 Coral Springs, FL	2.0	1.0	950	$1,850	$1.95	5d	1	0.26mi
3210 N University Dr Coral Springs, FL	3.0	1.0–2.0	1003	$2,867	$2.86	1d	92	0.30mi
8801 W Sample Rd Coral Springs, FL	2.0	1.5–2.0	1099	$2,125	$1.93	20d	2	0.31mi
8801 W Sample Rd Coral Springs, FL	2.0	1.5–2.0	1099	$2,125	$1.93	24d	2	0.31mi
8705 NW 38th Dr Unit 7B Coral Springs, FL	2.0	2.0	1054	$1,900	$1.80	24d	1	0.32mi
8704 NW 35th St #208 Coral Springs, FL	2.0	2.0	945	$1,800	$1.90	22d	1	0.33mi
8703 W Sample Rd Unit 107 Savannah Coral Springs, FL	2.0	2.0	1165	$1,894	$1.63	7d	1	0.34mi
8703 W Sample Rd Unit 103 Charleston Coral Springs, FL	1.0	1.0	856	$1,603	$1.87	22d	1	0.34mi
8703 W Sample Rd Apt 207 Coral Springs, FL	2.0	2.0	1165	$2,104	$1.81	22d	1	0.34mi
8703 W Sample Rd Unit 211 Savannah Coral Springs, FL	2.0	2.0	1165	$2,119	$1.82	24d	1	0.35mi
9120 NW 40th St #18 Coral Springs, FL	2.0	2.5	1010	$2,095	$2.07	16d	1	0.37mi
9286 NW 40th St Coral Springs, FL	2.0	1.5	910	$1,725	$1.90	24d	1	0.38mi
9270 NW 40th St Coral Springs, FL	2.0	1.5	988	$2,200	$2.23	14d	1	0.39mi
8911 NW 28th Dr Unit B Coral Springs, FL	2.0	2.5	1200	$2,395	$2.00	24d	1	0.41mi
8911 NW 28th Dr Coral Springs, FL	2.0	3.0	1200	$2,395	$2.00	24d	1	0.41mi
8911 NW 28th Dr Unit B-32 Coral Springs, FL	2.0	2.5	1200	$2,295	$1.91	11d	1	0.41mi
8911 NW 28th Dr Unit B-32 Coral Springs, FL	2.0	2.5	1200	$2,395	$2.00	3d	1	0.41mi
8911 NW 28th Dr Unit B-32 Coral Springs, FL	2.0	2.5	1200	$2,395	$2.00	24d	1	0.41mi
8604 NW 35th St #102 Coral Springs, FL	1.0	1.0	720	$1,500	$2.08	15d	1	0.41mi
8903 NW 28th Dr Unit B Coral Springs, FL	1.0	1.5	950	$1,700	$1.79	17d	1	0.43mi
8903 NW 28th Dr Unit B Coral Springs, FL	1.0	1.5	850	$1,700	$2.00	24d	1	0.43mi
4147 NW 90th Ave Coral Springs, FL	2.0	1.0	850	$1,862	$2.19	24d	2	0.43mi
4147 NW 90th Ave Coral Springs, FL	2.0	1.0	850	$1,850	$2.18	15d	2	0.43mi
4150 NW 90th Ave #202 Coral Springs, FL	2.0	1.0	850	$1,750	$2.06	24d	1	0.43mi
8605 W Sample Rd #111 Coral Springs, FL	2.0	2.0	1000	$1,910	$1.91	22d	1	0.43mi

HOA detail condo

• Monthly dues: $580 · $6,960/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $160,000 Active 83 DOM
2. 2026-06-17
   days on market $160,000 Active 82 DOM
3. 2026-06-16
   days on market $160,000 Active 81 DOM
4. 2026-06-15
   days on market $160,000 Active 80 DOM
5. 2026-06-13
   days on market $160,000 Active 78 DOM
6. 2026-06-09
   days on market $160,000 Active 74 DOM
7. 2026-06-08
   days on market $160,000 Active 73 DOM
8. 2026-06-07
   days on market $160,000 Active 72 DOM
9. 2026-06-04
   days on market $160,000 Active 69 DOM
10. 2026-06-03
    days on market $160,000 Active 68 DOM
11. 2026-06-02
    days on market $160,000 Active 67 DOM
12. 2026-06-01
    days on market $160,000 Active 66 DOM
13. 2026-05-31
    days on market $160,000 Active 65 DOM
14. 2026-03-27
    listed $160,000 Active
15. 2025-03-03
    soldstatus $150,000
16. 2025-02-28
    soldstatus $150,000 Closed 562-char remark

    Show marketing remark (562 chars)

    Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

17. 2025-01-22
    status Pending 562-char remark

    Show marketing remark (562 chars)

    Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

18. 2024-10-21
    price $150,000 562-char remark

    Show marketing remark (562 chars)

    Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

19. 2024-08-15
    price $160,000 562-char remark

    Show marketing remark (562 chars)

    Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

20. 2024-07-22
    listed $170,000 Active 562-char remark

    Show marketing remark (562 chars)

    Welcome to Briarwood II! This active 55+ community features new central A/C unit just installed, 2 bedroom, 2-bathroom unit with an inviting open layout. Enjoy maximum relaxation on your private balcony with a charming garden and canal view. The community offers plenty of amenities, including a pool, elevators, and laundry facilities. Situated in an excellent location in the heart of Coral Springs, you're just a short walk from the up-and-coming downtown Coral Springs, The Walk, Barnes & Noble, and a variety of great restaurants and shopping options.

21. 2004-03-12
    soldstatus $94,000
22. 1974-01-01
    soldstatus $16,000

ⓘ 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: $762 · $63/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$566/yr (+$47/mo · 74.3%)

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

Taxation est. · year 1

• Rental income: $25,521
• − Mortgage interest: −$8,962
• − Property taxes: −$762
• − Insurance: −$800
• − Repairs & maintenance: −$2,042
• − Management: −$2,042
• − HOA: −$6,960
• − Depreciation: −$4,655
• Taxable loss: −$701
• Est. tax savings @ 24.0%: +$168
• After-tax cash flow: $1,739/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 — Coral Springs

• Score: 79/100
• State rank: #145
• US rank: #2163

Category grades

Amenities F Commute B Cost of living F 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: Coral Springs, FL
• County: Broward County · 1,963,430 people
• City population: 101,171
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 58,916
• Household income: $74,226
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 3488.0

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 0.72)
• Race & ethnicity: Hispanic / Latino 33% White 30% Black 28% Two or more races 21% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 9% Romanian 2% Estonian 1%
• Foreign-born: 35% · Canada, Jamaica, China
• Languages at home: 61% English-only · Spanish 26% French/Haitian/Cajun 8% Other Indo-European 3%

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: ▼ -113.43%
• Current HPI: 402.3476
• Rent YoY: ▬ -0.03%
• 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

+900.0% since first listed

9 events — show timeline

• 2026-03-27 Listed $160,000 MARMLS
• 2025-03-03 Sold (Public Records) $150,000 Public Records
• 2025-02-28 Sold (MLS) $150,000 MARMLS
• 2025-01-22 Pending — MARMLS
• 2024-10-21 Price Changed $150,000 MARMLS
• 2024-08-15 Price Changed $160,000 MARMLS
• 2024-07-22 Listed $170,000 MARMLS
• 2004-03-12 Sold (Public Records) $94,000 Public Records
• 1974-01-01 Sold (Public Records) $16,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $762 · +5.4% YoY. Source: county tax records.