2800 W Sunrise Lakes Dr #104 · Sunrise, FL 33322

$69,500

1 bd · 1.0 ba · 640 sqft · Condo public records · 361 Days on market

Built 1972 $487/mo HOA · 28% of rent

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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
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

Key facts

• Clubhouse
• Lake views
• Screened porch

Tags

• LAKE VIEWS
• SCREENED PORCH
• POOL
• CLUBHOUSE

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association amenities include clubhouse, business center, laundry, barbecue/picnic area, pool, vehicle wash area, and recreation facilities; Association covers amenities, common areas, cable TV, insurance, internet, laundry, grounds maintenance, roof, sewer and water; Senior community

Exterior

• Parking: Guest parking; One parking space
• Utilities: Cable available; Sewer and water included in association; Internet available
• Home design: Attached property; 4-story building; Entry level: 1; Faces south
• Construction: Brick and block construction; Resale property
• Exterior features: Enclosed porch; Porch (screened); Lakefront; Association pool; Has view (south-facing)

Interior

• Kitchen: Electric range; Disposal; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fan(s)
• Interior features: Blinds on windows; Furnishing negotiable; Living/dining room; Tub with shower; Walk-in closet(s); First floor entry; Main living area on entry level
• Laundry & utility: Common area laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 4.9% 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.
• Market conditions: Rents flat; 559 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $481 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 361 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago; this cycle's ask has dropped $20k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $16k; list at $70k implies a 324% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 361 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 1972 — 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 2.51% ✓
• Cap rate: 13.94%
• Cash-on-cash: 27.32%
• DSCR: 2.22
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 17.5%
• Equity multiple: 1.68×
• Total profit: $13,149
• Equity at exit: $10,363

10-year hold

• IRR: 23.4%
• Equity multiple: 2.69×
• Total profit: $32,945
• Equity at exit: $6,009

Cash invested: $19,460 (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 33322

• Home prices YoY: -33.3%
• Rents YoY: 0.6%
• Active inventory: 559
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,743 high
• Mortgage (P&I): −$364
• Tax from tax record: −$54 /mo · $646/yr
• Insurance: −$29
• HOA: −$487
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $443

Break-even live

Break-even rent $1,183

Max offer price $69,500

Occupancy floor 70%

Sensitivity live

Price	-10% $482	-5% $463	+0% $443	+5% $423	+10% $404
Rent	-10% $305	-5% $374	+0% $443	+5% $512	+10% $581
Rate	-1.0pp $478	-0.5pp $461	base $443	+0.5pp $425	+1.0pp $407

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: $17,375
• Closing costs: $2,085
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3048 Sunrise Lakes Dr E Unit 411 Sunrise, FL	1.0	1.0	725	$1,600	$2.21	4d	1	0.33mi
3048 Sunrise Lakes Dr E Unit 411 Sunrise, FL	1.0	1.0	725	$1,650	$2.28	22d	1	0.33mi
3048 E Sunrise Lakes Dr #412 Sunrise, FL	1.0	1.0	725	$1,400	$1.93	23d	1	0.33mi
8100 Sunrise Lakes Blvd Sunrise, FL	1.0–2.0	1.0–2.0	745	$1,380	$1.85	12d	2	0.36mi
8135 Sunrise Lakes Blvd Sunrise, FL	1.0–2.0	1.0–2.0	745	$1,500	$2.01	25d	2	0.38mi
8110 Sunrise Lakes Blvd #307 Sunrise, FL	1.0	1.0	640	$1,500	$2.34	18d	1	0.40mi
8110 Sunrise Lakes Blvd #307 Sunrise, FL	1.0	1.0	640	$1,500	$2.34	3d	1	0.40mi
8285 Sunrise Lakes Blvd #208 Sunrise, FL	1.0	1.0	640	$1,400	$2.19	25d	1	0.51mi
8285 Sunrise Lakes Blvd #208 Sunrise, FL	1.0	1.0	640	$1,400	$2.19	9d	1	0.51mi
8053 W Oakland Park Blvd Unit 6-307 Sunrise, FL	1.0	1.0	727	$2,618	$3.60	25d	1	0.56mi
8053 W Oakland Park Blvd Unit 1-204 Sunrise, FL	1.0	1.0	735	$2,450	$3.33	25d	1	0.56mi
8400 Sunrise Lakes Blvd #106 Sunrise, FL	1.0	1.0	640	$1,400	$2.19	25d	1	0.64mi
8400 Sunrise Lakes Blvd #106 Sunrise, FL	1.0	1.0	640	$1,400	$2.19	9d	1	0.64mi
8083-8093 W Oakland Park Blvd Sunrise, FL	1.0–3.0	1.0–2.0	1054	$2,620	$2.48	25d	37	0.64mi
8465 Sunrise Lakes Blvd #106 Sunrise, FL	1.0	1.0	640	$1,450	$2.27	25d	1	0.66mi
8595 Sunrise Lakes Blvd Sunrise, FL	1.0	1.0	640	$1,550	$2.42	22d	2	0.75mi
8595 Sunrise Lakes Blvd #207 Sunrise, FL	1.0	1.0	640	$1,700	$2.66	25d	1	0.75mi
8595 Sunrise Lakes Blvd #307 Sunrise, FL	1.0	1.0	640	$1,400	$2.19	2d	1	0.75mi
8590 Sunrise Lakes Blvd #106 Sunrise, FL	1.0	1.0	640	$1,475	$2.30	25d	1	0.78mi
2330 NW 72nd Ave Sunrise, FL	1.0–2.0	1.0	742	$1,650	$2.22	25d	1	0.84mi
1711 N University Dr Plantation, FL	1.0–3.0	1.0–2.0	986	$2,070	$2.10	0d	41	0.99mi
7300 NW 17th St #318 Plantation, FL	1.0	1.0	660	$1,550	$2.35	25d	1	1.01mi
4001 N University Dr Sunrise, FL	—	1.0	600	$1,388	$2.31	14d	1	1.02mi
6901 W Sunrise Blvd Plantation, FL	1.0–3.0	1.0–2.0	1037	$2,003	$1.93	0d	42	1.13mi
1681 NW 70th Ave #418 Plantation, FL	1.0	1.0	660	$1,600	$2.42	25d	1	1.15mi
1681 NW 70th Ave #418 Plantation, FL	1.0	1.0	660	$1,700	$2.58	6d	1	1.15mi
3935 NW 87th Ave Sunrise, FL	1.0	1.0	595	$1,600	$2.69	25d	1	1.17mi
8798 NW 38th St Sunrise, FL	1.0–2.0	1.0–2.0	893	$1,826	$2.04	9d	1	1.18mi
3968 NW 87th Ave #3968 Sunrise, FL	1.0	1.0	595	$1,625	$2.73	25d	1	1.19mi
3968 NW 87th Ave #3968 Sunrise, FL	1.0	1.0	595	$1,625	$2.73	9d	1	1.19mi
6580 NW 22nd St Unit 2 Sunrise, FL	1.0	1.0	650	$1,000	$1.54	4d	1	1.21mi
4071 NW 87th Ave Sunrise, FL	1.0	1.0	595	$1,699	$2.86	25d	1	1.24mi
8775 NW 39th St #8775 Sunrise, FL	2.0	1.0	731	$1,845	$2.52	15d	1	1.24mi
4028 NW 87th Ave #4028 Sunrise, FL	1.0	1.0	595	$1,700	$2.86	25d	1	1.24mi
4072 NW 87th Ave Unit 4072 Sunrise, FL	1.0	1.0	595	$1,690	$2.84	18d	1	1.24mi
4028 NW 87th Ave #4028 Sunrise, FL	1.0	1.0	595	$1,700	$2.86	0d	1	1.24mi
3973 NW 87th Ave #3973 Sunrise, FL	2.0	1.0	731	$1,899	$2.60	25d	1	1.24mi
4044 NW 87th Ave #4044 Sunrise, FL	1.0	1.0	630	$1,649	$2.62	25d	1	1.27mi
4096 N Pine Island Rd #2102 Sunrise, FL	1.0	1.0	595	$1,625	$2.73	25d	1	1.32mi
3501 Inverrary Blvd Fort Lauderdale, FL	—	1.0	400	$1,349	$3.37	4d	1	1.36mi

HOA detail condo

• Monthly dues: $487 · $5,844/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $69,500 Active 361 DOM
2. 2026-06-18
   days on market $69,500 Active 358 DOM
3. 2026-06-17
   days on market $69,500 Active 357 DOM
4. 2026-06-16
   days on market $69,500 Active 356 DOM
5. 2026-06-15
   days on market $69,500 Active 355 DOM
6. 2026-06-13
   days on market $69,500 Active 353 DOM
7. 2026-06-09
   days on market $69,500 Active 349 DOM
8. 2026-06-07
   days on market $69,500 Active 347 DOM
9. 2026-06-04
   days on market $69,500 Active 344 DOM
10. 2026-06-03
    days on market $69,500 Active 343 DOM
11. 2026-06-02
    days on market $69,500 Active 342 DOM
12. 2026-06-01
    days on market $69,500 Active 341 DOM
13. 2026-05-31
    days on market $69,500 Active 340 DOM
14. 2026-03-20
    price $69,500
15. 2026-02-20
    price $70,000
16. 2025-09-08
    price $75,000
17. 2025-06-25
    listed $90,000 Active
18. 2015-08-18
    soldstatus $16,400 Sold 356-char remark

    Show marketing remark (356 chars)

    1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

19. 2015-07-10
    status Pending 356-char remark

    Show marketing remark (356 chars)

    1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

20. 2015-06-09
    status Active 356-char remark

    Show marketing remark (356 chars)

    1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

21. 2015-04-30
    status Pending 356-char remark

    Show marketing remark (356 chars)

    1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

22. 2015-04-14
    listed $14,900 Active 356-char remark

    Show marketing remark (356 chars)

    1/1 CONDO LOCATED ON THE FIRST FLOOR. FEATURES SCREENED PATIO WITH LAKE VIEWS. LOCATED IN A WELL MAINTAINED 55 AND OLDER COMMUNITY WITH LOTS OF AMENITIES. NO PETS AND NO RENTING ALLOWED. ASSOCATION REQUIRES ALL PERSONS LIVING IN THE UNIT TO BE 55 AND OLDE R AND THE CONTRACT TO SHOW 20% DOWN. PLEASE SEE ATTACHMENTS FOR OFFER INSTRUCTIONS AND REQUIREMENTS.

23. 2005-03-28
    soldstatus $39,000
24. 1980-04-01
    soldstatus $34,000
25. 1972-10-01
    soldstatus $17,000

ⓘ 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: $646 · $54/mo
• Projected year-2 tax: $646 · $54/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 · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,921
• − Mortgage interest: −$3,893
• − Property taxes: −$646
• − Insurance: −$348
• − Repairs & maintenance: −$1,674
• − Management: −$1,674
• − HOA: −$5,844
• − Depreciation: −$2,022
• Taxable income: $4,821
• Est. tax owed @ 24.0%: −$1,157
• After-tax cash flow: $4,159/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 — 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 · 1,963,430 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: 931.0

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 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: —

Market trends

• HPI YoY: ▼ -203.34%
• Current HPI: 407.5452
• Rent YoY: ▲ 0.60%
• 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

+308.8% since first listed

12 events — show timeline

• 2026-03-20 Price Changed $69,500 MARMLS
• 2026-02-20 Price Changed $70,000 MARMLS
• 2025-09-08 Price Changed $75,000 MARMLS
• 2025-06-25 Listed $90,000 MARMLS
• 2015-08-18 Sold (MLS) $16,400 MARMLS
• 2015-07-10 Pending — MARMLS
• 2015-06-09 Relisted — MARMLS
• 2015-04-30 Pending — MARMLS
• 2015-04-14 Listed $14,900 MARMLS
• 2005-03-28 Sold (Public Records) $39,000 Public Records
• 1980-04-01 Sold (Public Records) $34,000 Public Records
• 1972-10-01 Sold (Public Records) $17,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $646 · -68.8% YoY. Source: county tax records.