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2793 NW 104th Ave #401 🌊 Lakefront
B+ Composite 79.12
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
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +4.2/5.0
  • Condition / age +3.8/5.0
  • Schools +3.6/10.0
  • Rent growth +2.7/5.0
  • Appreciation +0.0/10.0

$95,000

2793 NW 104th Ave #401 · Sunrise, FL 33322
2 bd · 2.0 ba · 960 sqft · Condo public records · 56 Days on market
Built 1985 Good condition $99/sqft · 46% below area Est $176k · 46% under · waterfront $710/mo HOA · 32% of rent

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

Listing remarks

Welcome to this quiet, end unit on the 4th floor with spectacular views of the lake and golf course! Beautiful natural lighting and warm colors welcome you, in this oversized unit with 960sq Ft of living space. Additional space off the living room can be used as a dining area, entertainment or office. Well maintained home with inside washer & dryer, walk in master closet, oversized master bedroom, and beautiful open living space. Assigned storage area near the nearby elevators. 2026 roof, no special assessments. Prime location close to shops, restaurants, Sawgrass mall and much more.

Key facts

  • Natural lighting
  • Gorgeous clubhouse
  • Spectacular views

Tags

SPECTACULAR VIEWSNATURAL LIGHTINGWALK IN MASTER CLOSETASSIGNED STORAGE AREAPRIME LOCATIONGORGEOUS CLUBHOUSE

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-bed/2.0-bath condo listed at $95k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $448 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $95k).
  • Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
  • Cap rate 12.0% vs local median 4.7% in Sunrise — 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 83/100 on livability (#56 in FL, #986 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, 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.
  • 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); Piper High School (math 12% / reading 35%, grade F, #533 of 667 statewide, top 80%, 2,310 students, 65% FRL) — zoned schools average 68% FRL vs 51% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents flat; 758 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 90d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($72k/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 $657 of loan paydown is wiped out by about $3k 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 + 0.6% rent growth), your $27k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 56 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $68k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: HOA is 32% of rent.
Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

  1. It's been on market 56 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. 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?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  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
2.37%
Cap rate
11.95%
Cash-on-cash
20.22%
DSCR
1.90
GRM
3.5

CMA / ARV

ARV (median comp)
$176,250
List price
$95,000
Delta
-46.10%
Verdict
UNDERPRICED
Comps
10 within 3.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.6% rent growth · sell at horizon

5-year hold
IRR
8.3%
Equity multiple
1.31×
Total profit
$8,290
Equity at exit
$14,165
10-year hold
IRR
14.1%
Equity multiple
1.94×
Total profit
$25,040
Equity at exit
$8,214

Cash invested: $26,600 (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
5 active · 14 under contract
Median asking
$135,000 ($167/sqft)
Median days on market
84 d
This list price
20% of active listings are priced below it
ARV vs active asking
+10.2% above current asking $/sqft

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

ZIP-level market 33322

Home prices YoY
-33.3%
Rents YoY
0.6%
Active inventory
758
Price-to-rent
3.5×

Monthly cashflow live

Estimated rent
$2,250 high interval (Pro) →
Mortgage (P&I)
$498
Tax from tax record
$81 /mo · $976/yr
Insurance
$40
HOA
$710
Vacancy / Maint / Mgmt
$472
Net cashflow
$448

Break-even live

Break-even rent $1,682
Max offer price $95,000
Occupancy floor 75%

Sensitivity live

Price -10% $502 -5% $475 +0% $448 +5% $421 +10% $394
Rent -10% $270 -5% $359 +0% $448 +5% $537 +10% $626
Rate -1.0pp $496 -0.5pp $472 base $448 +0.5pp $424 +1.0pp $398

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
$23,750
Closing costs
$2,850
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
2950 NW 106th Ave #7 Sunrise, FL 2.0 2.0 1006 $2,450 $2.44 41d 1 0.21mi
10758 NW 30th Pl Sunrise, FL 2.0 2.0 1074 $2,200 $2.05 113d 1 0.33mi
2734 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,500 $2.62 20d 1 0.41mi
2734 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,400 $2.52 120d 1 0.41mi
2698 N Nob Hill Rd Sunrise, FL 2.0 2.0 1008 $2,275 $2.26 120d 1 0.42mi
2566 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,600 $2.73 50d 1 0.46mi
2987 NW 110th Ave Sunrise, FL 3.0 2.0 1118 $2,600 $2.33 87d 1 0.52mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 114d 6 0.56mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,100 $2.36 11d 7 0.56mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 0d 10 0.56mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 100d 9 0.56mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 49d 8 0.56mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 97d 9 0.56mi
9720 NW 24th Pl Unit B Sunrise, FL 1.0 1.0 700 $1,750 $2.50 120d 1 0.72mi
10131 W Sunrise Blvd #204 Plantation, FL 1.0 1.0 777 $1,900 $2.45 20d 1 0.80mi
10131 W Sunrise Blvd #206 Plantation, FL 2.0 2.0 963 $2,200 $2.28 120d 1 0.80mi
10125 W Sunrise Blvd #101 Plantation, FL 2.0 2.0 963 $2,200 $2.28 11d 1 0.82mi
10141 W Sunrise Blvd Plantation, FL 1.0 1.0 777 $1,750 $2.25 32d 1 0.82mi
10141 W Sunrise Blvd #203 Plantation, FL 1.0 1.0 777 $1,900 $2.45 90d 1 0.83mi
10053 Winding Lake Rd #104 Sunrise, FL 2.0 2.0 760 $2,000 $2.63 10d 1 0.83mi
10053 Winding Lake Rd #101 Sunrise, FL 2.0 2.0 760 $1,900 $2.50 28d 1 0.83mi
10049 Winding Lake Rd Sunrise, FL 2.0 2.0 760 $1,800 $2.37 38d 1 0.84mi
10049 Winding Lake Rd #103 Sunrise, FL 2.0 2.0 760 $1,850 $2.43 11d 1 0.84mi
10006 Winding Lake Rd #101 Sunrise, FL 2.0 2.0 760 $1,700 $2.24 5d 1 0.85mi
10006 Winding Lake Rd #101 Sunrise, FL 2.0 2.0 760 $1,700 $2.24 7d 1 0.85mi
10050 Winding Lake Rd #103 Sunrise, FL 2.0 2.0 760 $1,750 $2.30 120d 1 0.86mi
10046 Winding Lake Rd #204 Sunrise, FL 2.0 1.0 760 $1,800 $2.37 120d 1 0.86mi
10115 W Sunrise Blvd #104 Plantation, FL 1.0 1.0 806 $1,850 $2.30 109d 1 0.86mi
10115 W Sunrise Blvd #104 Plantation, FL 1.0 1.0 806 $1,800 $2.23 97d 1 0.86mi
10054 Winding Lake Rd #201 Sunrise, FL 2.0 2.0 760 $2,000 $2.63 36d 1 0.87mi
10054 Winding Lake Rd #201 Sunrise, FL 2.0 2.0 760 $2,200 $2.89 116d 1 0.87mi
10002 Winding Lake Rd #101 Sunrise, FL 2.0 2.0 760 $1,900 $2.50 120d 1 0.87mi
10039 Winding Lake Rd #202 Sunrise, FL 2.0 2.0 760 $2,000 $2.63 117d 1 0.87mi
10039 Winding Lake Rd #202 Sunrise, FL 2.0 2.0 760 $2,000 $2.63 120d 1 0.87mi
10005 Winding Lake Rd #204 Sunrise, FL 2.0 2.0 772 $1,800 $2.33 120d 1 0.88mi
10005 Winding Lake Rd #105 Sunrise, FL 2.0 2.0 772 $2,000 $2.59 11d 1 0.88mi
10003 Winding Lake Rd #103 Sunrise, FL 2.0 2.0 772 $1,850 $2.40 103d 1 0.89mi
10003 Winding Lake Rd #103 Sunrise, FL 2.0 2.0 772 $1,900 $2.46 120d 1 0.89mi
10111 W Sunrise Blvd #303 Plantation, FL 1.0 1.0 777 $1,850 $2.38 89d 1 0.89mi
10105 W Sunrise Blvd #303 Plantation, FL 1.0 1.0 777 $1,850 $2.38 86d 1 0.89mi

Property features AI

Finance

Other
Pets allowed with restrictions or conditional rules
Financial info
Association fee listed as $710 monthly
HOA & community
Monthly association feeAssociation fee covers amenities, common areas, grounds maintenance, structure maintenance, pest control, recreation facilities, roof, security, and trashCommunity amenities include billiard room, clubhouse, elevator(s), pool, and transportation serviceSenior community

Exterior

Parking
Guest parkingOne assigned space
Security
Security guard
Utilities
Has coolingHas heating
Home design
Attached property4 storiesEntry on level 4Effective year built
Construction
Block construction
Exterior features
Lakefront waterfrontHas a viewNo notable exterior features listed

Interior

Kitchen
DishwasherElectric rangeDisposalMicrowaveRefrigerator
Bedrooms
Bedroom on main level
Flooring
Tile
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air conditioningCeiling fan(s)
Interior features
BlindsEat-in kitchenFamily/Dining roomPantrySplit bedroomsWalk-in closet(s)
Laundry & utility
Washer hookupDryer hookupDryer (appliance included)

HOA detail $710/mo · $8,520/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 31 events

  1. 2026-09-24
    days on market $95,000 Active 56 DOM
  2. 2026-09-23
    days on market $95,000 Active 55 DOM
  3. 2026-09-22
    status $95,000 Active 54 DOM
  4. 2026-07-31
    statusdays on market $95,000 Pending 54 DOM
  5. 2026-07-28
    days on market $95,000 Active 53 DOM
  6. 2026-07-26
    days on market $95,000 Active 51 DOM
  7. 2026-07-24
    days on market $95,000 Active 49 DOM
  8. 2026-07-23
    days on market $95,000 Active 48 DOM
  9. 2026-07-22
    status $95,000 Active 47 DOM
  10. 2026-06-13
    statusdays on market $95,000 Pending 47 DOM
  11. 2026-06-09
    days on market $95,000 Active 45 DOM
  12. 2026-06-08
    days on market $95,000 Active 44 DOM
  13. 2026-06-07
    days on market $95,000 Active 43 DOM
  14. 2026-06-04
    days on market $95,000 Active 40 DOM
  15. 2026-06-03
    days on market $95,000 Active 39 DOM
  16. 2026-06-02
    days on market $95,000 Active 38 DOM
  17. 2026-06-01
    days on market $95,000 Active 37 DOM
  18. 2026-05-31
    days on market $95,000 Active 36 DOM
  19. 2026-05-16
    price $95,000
  20. 2026-05-16
    status Active
  21. 2026-04-28
    historical Active Under Contract
  22. 2026-04-25
    listed $100,000 Active
  23. 2026-04-24
    historical
  24. 2026-03-09
    status Active
  25. 2026-02-27
    status Pending
  26. 2026-02-09
    price $100,000
  27. 2026-01-17
    price $109,000
  28. 2025-11-15
    listed $115,000 Active
  29. 2015-02-26
    soldstatus $68,000
  30. 2000-12-22
    soldstatus $44,000
  31. 1985-12-01
    soldstatus $52,600

ⓘ 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
$976 · $81/mo
Projected year-2 tax
$976 · $81/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$26,996
− Mortgage interest
−$5,321
− Property taxes
−$976
− Insurance
−$475
− Repairs & maintenance
−$2,160
− Management
−$2,160
− HOA
−$8,520
− Depreciation
−$2,764
Taxable income
$4,621
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,109
After-tax cash flow
$4,269/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 · 2 photos

Good 75/100 Cosmetic rehab Est. rehab $4,800–$14,400 screening

This end unit townhouse is in good condition with no visible repairs needed. It offers a good investment opportunity with potential for value increase through cosmetic updates.

Components & finishes AI

Flooring tile

Value-add opportunities

  • Both Painting the interior walls — Fresh paint can make the interior look new and improve curb appeal
  • Both Updating the flooring — New flooring can enhance the overall look and feel of the home
  • Both Updating the kitchen appliances — Modern appliances can attract more buyers and renters
  • Both Upgrading the HVAC system — A new HVAC system can improve comfort and energy efficiency
  • Both Landscaping the front yard — A well-maintained front yard can enhance curb appeal and attract more buyers

ⓘ 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 36/100

Zoned Schools

Elementary Nob Hill Elementary School C FL #963/2,144 Nat'l #10,986/41,679 Middle Bair Middle School F FL #465/571 Nat'l #8,750/14,009 High Piper High School F FL #533/667 Nat'l #13,485/17,239

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 83/100

Livability — Sunrise

Score
83/100
State rank
#56
US rank
#986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sunrise, FL
County
Broward County · 2,207,033 people
City population
77,492
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
41,128
Household income
$71,755
Rent vs Own
17.9% rent · 82.1% own
Severe rent burden
13% 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
Highly diverse neighborhood (Simpson 0.72)
Race & ethnicity
Hispanic / Latino 35% White 32% Black 24% Two or more races 22% Asian 4%
Hispanic origin (detail)
Puerto Rican 5% Cuban 6% Dominican 2% Salvadoran 1%
Common ancestry
Hispanic 5% Romanian 2% Scotch-Irish 2%
Foreign-born
41% · Canada, Jamaica, South Korea
Languages at home
58% English-only · Spanish 30% French/Haitian/Cajun 6% Other Indo-European 1%

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

+80.6% since first listed
14 events — show timeline
  • 2026-06-11 Pending MARMLS
  • 2026-05-16 Price Changed $95,000 MARMLS
  • 2026-05-16 Relisted MARMLS
  • 2026-04-28 Contingent MARMLS
  • 2026-04-25 Listed $100,000 MARMLS
  • 2026-04-24 Listing Removed MARMLS
  • 2026-03-09 Relisted MARMLS
  • 2026-02-27 Pending MARMLS
  • 2026-02-09 Price Changed $100,000 MARMLS
  • 2026-01-17 Price Changed $109,000 MARMLS
  • 2025-11-15 Listed $115,000 MARMLS
  • 2015-02-26 Sold (Public Records) $68,000 Public Records
  • 2000-12-22 Sold (Public Records) $44,000 Public Records
  • 1985-12-01 Sold (Public Records) $52,600 Public Records

Property tax history

+12.0%/yr

Latest (2025): $976 · +54.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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