4867 NW 115th Ave · Coral Springs, FL 33076

$5,000

4 bd · 2.0 ba · 2,059 sqft · SingleFamily public records · 5 Days on market

Built 1995

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This completed updated spacious 4 bedroom/2.5 bathroom house is conveniently located in a highly desired neighborhood in Coral Springs, minutes from Costco, shopping, dining, A rated schools. It features brand new luxury vinyl flooring in the main living area, an updated kitchen with quartz waterfall island, black statiness steel appliances. Brand new mater bathroom, guest bathroom and powder room with premium cabinets and hardware, large shower room and bathtub. Upstairs bedrooms and stairs updated with premium engineered wood floor. Newer AC, whole home accodian hurricane shutters. Large screened-in-patio and fenced backyard perfect for entertainment, kids and pets. Community amenities include community pool. Leasing allowed right away after purchase. Offers due Mon 9/11 by noon.

Key facts

• 2 garage spots
• Listed 5 days

Property features AI

Exterior

• Parking: Detached or attached garage not specified, includes 2-car garage
• Home design: Residential property; Two-story home
• Exterior features: Lot approximately 0.13 acres; Zoning: RM-20

Interior

• Bathrooms: Two full bathrooms
• Interior features: Directions provided to property from Coral Ridge (community entry instructions available)

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$642,408) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $3k ($42k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $5k).
• Cap rate 843.4% 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 flat; 290 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); high-income renter base; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 30% of the median local income ($177k/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 $35 of loan paydown is wiped out by about $150 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 $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 89.17% ✓
• Cap rate: 843.38%
• Cash-on-cash: 2989.58%
• DSCR: 134.02
• GRM: 0.1

CMA / ARV

• ARV (on-the-fly): $642,408
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11087 NW 46th Dr	0.47mi	4/2.5	2,280 (+11%)	8mo	$625,000	$274	52
5450 NW 122nd Dr	0.74mi	4/2.5	2,207 (+7%)	3mo	$655,000	$297	49
11412 NW 48th Ct	0.15mi	3/2.5 (-1)	1,796 (-13%)	22mo	$560,000	$312	46
5355 NW 122nd Dr	0.72mi	3/2.0 (-1)	1,862 (-10%)	1mo	$625,000	$336	45
5382 NW 120th Ave	0.64mi	3/2.0 (-1)	1,842 (-10%)	5mo	$670,000	$364	43

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 · 0.62% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 151.69×
• Total profit: $210,970
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 307.59×
• Total profit: $429,222
• Equity at exit: $432

Cash invested: $1,400 (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 33076

• Home prices YoY: -4.3%
• Rents YoY: 0.6%
• Active inventory: 290
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $4,459 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$936
• Net cashflow: $3,488

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

Sensitivity live

Price	-10% $3,491	-5% $3,490	+0% $3,488	+5% $3,486	+10% $3,484
Rent	-10% $3,136	-5% $3,312	+0% $3,488	+5% $3,664	+10% $3,840
Rate	-1.0pp $3,490	-0.5pp $3,489	base $3,488	+0.5pp $3,487	+1.0pp $3,485

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4723 NW 119th Ave Coral Springs, FL	3.0	2.5	2456	$4,200	$1.71	25d	1	0.30mi
11135 NW 46th Dr Coral Springs, FL	3.0	2.5	1961	$3,250	$1.66	22d	1	0.35mi
11543 NW 44th St #2 Coral Springs, FL	3.0	2.5	1742	$2,590	$1.49	4d	1	0.38mi
4774 NW 120th Dr Coral Springs, FL	3.0	2.0	1944	$3,750	$1.93	25d	1	0.39mi
11221 NW 46th Dr Coral Springs, FL	4.0	2.5	2103	$3,650	$1.74	3d	1	0.43mi
12046 NW 47th St Unit 12046 Coral Springs, FL	3.0	2.5	2456	$5,300	$2.16	17d	1	0.45mi
12046 NW 47th St Unit 12046 Coral Springs, FL	3.0	2.5	2456	$5,300	$2.16	16d	1	0.45mi
4664 NW 120th Way Coral Springs, FL	3.0	2.5	1602	$3,600	$2.25	22d	1	0.46mi
5285 NW 112th Ter Coral Springs, FL	5.0	3.0	2828	$6,500	$2.30	2d	1	0.47mi
4616 NW 120th Way Unit 78 Coral Springs, FL	3.0	3.0	1853	$4,450	$2.40	11d	1	0.47mi
4315 NW 115th Ave Coral Springs, FL	3.0	2.5	1650	$3,200	$1.94	11d	1	0.48mi
11282 NW 44th St Coral Springs, FL	4.0	2.0	1874	$4,500	$2.40	25d	1	0.50mi
11282 NW 44th St Coral Springs, FL	4.0	2.0	1874	$4,500	$2.40	21d	1	0.50mi
11500 NW 56th Dr Coral Springs, FL	1.0–3.0	1.0–2.0	1165	$3,595	$3.08	2d	14	0.51mi
4260 NW 114th Ter #60 Coral Springs, FL	3.0	2.5	1600	$2,990	$1.87	6d	1	0.52mi
11883 NW 47th Mnr Unit 11883 Tamarac, FL	3.0	2.5	1465	$3,550	$2.42	25d	1	0.52mi
11235 NW 43rd Pl Coral Springs, FL	4.0	2.0	1826	$4,075	$2.23	2d	1	0.53mi
4100 NW 110th Ave Unit S Coral Springs, FL	3.0	2.0	1800	$3,450	$1.92	8d	1	0.78mi
11578 NW 39th Pl Coral Springs, FL	4.0	3.0	1880	$4,200	$2.23	25d	1	0.80mi
12349 NW 53rd St Coral Springs, FL	4.0	2.5	2582	$4,700	$1.82	8d	1	0.81mi
11461 NW 39th St Coral Springs, FL	4.0	3.0	1999	$4,700	$2.35	25d	1	0.84mi
5715 NW 119th Ter Coral Springs, FL	3.0	2.5	2029	$5,300	$2.61	15d	1	0.88mi
11461 NW 38th St Coral Springs, FL	3.0	2.0	1800	$2,800	$1.56	25d	1	0.90mi
5737 NW 119th Dr #5737 Coral Springs, FL	3.0	2.5	2265	$4,000	$1.77	25d	1	0.92mi
10425 NW 48th Mnr Coral Springs, FL	4.0	2.0	2285	$5,400	$2.36	25d	1	0.93mi
5773 NW 119th Ter Coral Springs, FL	3.0	2.5	2265	$3,800	$1.68	25d	1	0.95mi
6013 NW 118th Dr Coral Springs, FL	3.0	2.5	2118	$3,875	$1.83	25d	1	0.95mi
3750 NW 115th Ave Unit 6 Coral Springs, FL	3.0	2.5	1440	$2,100	$1.46	25d	1	0.96mi
5772 NW 119th Dr Coral Springs, FL	3.0	2.5	2029	$5,100	$2.51	2d	1	0.97mi
5552 NW 125th Ter Coral Springs, FL	4.0	2.5	2207	$3,800	$1.72	25d	1	0.97mi
5797 NW 119th Ter Coral Springs, FL	3.0	2.5	2265	$4,500	$1.99	8d	1	0.97mi
3731 NW 114th Ave Coral Springs, FL	3.0	2.0	1609	$3,380	$2.10	18d	1	0.99mi
3731 NW 114th Ave Coral Springs, FL	3.0	2.0	1903	$3,545	$1.86	8d	1	0.99mi
5812 NW 119th Ter Coral Springs, FL	3.0	2.0	1532	$3,900	$2.55	13d	1	0.99mi
10560 NW 57th Ct Coral Springs, FL	3.0	2.5	1634	$3,400	$2.08	25d	1	1.02mi
5885 NW 121st Ter Coral Springs, FL	4.0	2.5	2611	$4,600	$1.76	12d	1	1.04mi
5885 NW 121st Ter Coral Springs, FL	3.0	2.0	1838	$4,600	$2.50	11d	1	1.04mi
11055 NW 37th St Coral Springs, FL	4.0	3.0	2012	$4,200	$2.09	25d	1	1.06mi
4305 Coral Springs Dr Unit 2H Coral Springs, FL	3.0	3.5	2020	$3,100	$1.53	22d	1	1.06mi
11511 NW 36th St Coral Springs, FL	3.0	2.0	1510	$2,800	$1.85	25d	1	1.07mi

Listing history 12 events

1. 2026-05-19
   listed $5,000 Active
2. 2023-10-04
   soldstatus $641,000
3. 2023-10-03
   soldstatus $641,000 Closed 798-char remark

   Show marketing remark (798 chars)

   This completed updated spacious 4 bedroom/2.5 bathroom house is conveniently located in a highly desired neighborhood in Coral Springs, minutes from Costco, shopping, dining, A rated schools. It features brand new luxury vinyl flooring in the main living area, an updated kitchen with quartz waterfall island, black statiness steel appliances. Brand new mater bathroom, guest bathroom and powder room with premium cabinets and hardware, large shower room and bathtub. Upstairs bedrooms and stairs updated with premium engineered wood floor. Newer AC, whole home accodian hurricane shutters. Large screened-in-patio and fenced backyard perfect for entertainment, kids and pets. Community amenities include community pool. Leasing allowed right away after purchase. Offers due Mon 9/11 by noon.

4. 2023-09-12
   status Pending 798-char remark

   Show marketing remark (798 chars)

   This completed updated spacious 4 bedroom/2.5 bathroom house is conveniently located in a highly desired neighborhood in Coral Springs, minutes from Costco, shopping, dining, A rated schools. It features brand new luxury vinyl flooring in the main living area, an updated kitchen with quartz waterfall island, black statiness steel appliances. Brand new mater bathroom, guest bathroom and powder room with premium cabinets and hardware, large shower room and bathtub. Upstairs bedrooms and stairs updated with premium engineered wood floor. Newer AC, whole home accodian hurricane shutters. Large screened-in-patio and fenced backyard perfect for entertainment, kids and pets. Community amenities include community pool. Leasing allowed right away after purchase. Offers due Mon 9/11 by noon.

5. 2023-09-07
   listed $630,000 Active 798-char remark

   Show marketing remark (798 chars)

   This completed updated spacious 4 bedroom/2.5 bathroom house is conveniently located in a highly desired neighborhood in Coral Springs, minutes from Costco, shopping, dining, A rated schools. It features brand new luxury vinyl flooring in the main living area, an updated kitchen with quartz waterfall island, black statiness steel appliances. Brand new mater bathroom, guest bathroom and powder room with premium cabinets and hardware, large shower room and bathtub. Upstairs bedrooms and stairs updated with premium engineered wood floor. Newer AC, whole home accodian hurricane shutters. Large screened-in-patio and fenced backyard perfect for entertainment, kids and pets. Community amenities include community pool. Leasing allowed right away after purchase. Offers due Mon 9/11 by noon.

6. 2023-09-03
   historical $630,000 798-char remark

   Show marketing remark (798 chars)

   This completed updated spacious 4 bedroom/2.5 bathroom house is conveniently located in a highly desired neighborhood in Coral Springs, minutes from Costco, shopping, dining, A rated schools. It features brand new luxury vinyl flooring in the main living area, an updated kitchen with quartz waterfall island, black statiness steel appliances. Brand new mater bathroom, guest bathroom and powder room with premium cabinets and hardware, large shower room and bathtub. Upstairs bedrooms and stairs updated with premium engineered wood floor. Newer AC, whole home accodian hurricane shutters. Large screened-in-patio and fenced backyard perfect for entertainment, kids and pets. Community amenities include community pool. Leasing allowed right away after purchase. Offers due Mon 9/11 by noon.

7. 2016-05-10
   soldstatus $314,000
8. 2008-09-02
   soldstatus $295,000
9. 2004-07-02
   soldstatus $309,000
10. 2003-09-03
    soldstatus $260,000
11. 2001-12-12
    soldstatus $207,000
12. 1996-06-12
    soldstatus $168,900

ⓘ 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 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 6 d/yr ≥107°F today · 20 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: $53,505
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$4,280
• − Management: −$4,280
• − Depreciation: −$145
• Taxable income: $44,418
• Est. tax owed @ 24.0%: −$10,660
• After-tax cash flow: $31,194/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): 44,922
• Household income: $176,641
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 649.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 50% Hispanic / Latino 18% Black 15% Two or more races 14% Asian 10%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 5% Scotch-Irish 3% Lithuanian 2%
• Foreign-born: 24% · Canada, Jamaica, China
• Languages at home: 74% English-only · Spanish 14% Other Indo-European 5% French/Haitian/Cajun 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: ▼ -13.44%
• Current HPI: 301.5665
• Rent YoY: ▲ 0.62%
• 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

-97.0% since first listed

12 events — show timeline

• 2026-05-19 Listed $5,000 NFMLS
• 2023-10-04 Sold (Public Records) $641,000 Public Records
• 2023-10-03 Sold (MLS) $641,000 Beaches MLS
• 2023-09-12 Pending — Beaches MLS
• 2023-09-07 Listed $630,000 Beaches MLS
• 2023-09-03 Coming Soon $630,000 Beaches MLS
• 2016-05-10 Sold (Public Records) $314,000 Public Records
• 2008-09-02 Sold (Public Records) $295,000 Public Records
• 2004-07-02 Sold (Public Records) $309,000 Public Records
• 2003-09-03 Sold (Public Records) $260,000 Public Records
• 2001-12-12 Sold (Public Records) $207,000 Public Records
• 1996-06-12 Sold (Public Records) $168,900 Public Records

Property tax history

+9.4%/yr

Latest (2025): $13,714 · +9.2% YoY. Source: county tax records.