4977 NW 97th Dr · Coral Springs, FL 33076

$405,000

4 bd · 3.0 ba · 2,672 sqft · SingleFamily public records · 6 Days on market

Built 1989 10,776 sqft lot Est $796k · 49% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• 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

This is an unapproved short sale! This property presents a great opportunity for investors or buyers looking for a full renovation project. The home will require significant updates and repairs throughout, including a new kitchen, flooring, windows, and both A/C units. All three bathrooms will need to be fully renovated, and the ceiling in the third bathroom is currently missing. There are indications of potential roof and water damage, along with possible mold. Termites have been identified on a bathroom countertop, a WDO inspection is recommended. The pool may also have a leak, as the water level appears to be dropping. This property is being sold as-is. Please DO NOT disturb occupants. S

Key facts

• 0.25 acre lot
• 2 garage spots
• Pool

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $405k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $405k).
• Cap rate 11.8% 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.
• Zoned schools: Country Hills Elementary School (math 61% / reading 68%, grade B, #525 of 2,144 statewide, top 26%, 844 students, 41% FRL); Coral Springs Middle School (math 46% / reading 53%, grade C, #259 of 571 statewide, top 46%, 1,003 students, 54% FRL); Marjory Stoneman Douglas High School (math 54% / reading 65%, grade C+, #109 of 667 statewide, top 17%, 3,504 students, 24% FRL).
• Market conditions: Rents flat; 290 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 39% 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 $3k of loan paydown is wiped out by about $12k 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 $113k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• 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 $405,000

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. 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.
4. 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.
5. 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: 1.40% ✓
• Cap rate: 11.81%
• Cash-on-cash: 19.72%
• DSCR: 1.88
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $796,256
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5048 NW 98th Ln	0.20mi	5/3.0 (+1)	2,764 (+3%)	2mo	$633,000	$229	78
9938 N Springs Way	0.29mi	5/3.0 (+1)	2,630 (-2%)	3mo	$852,800	$324	76
10059 NW 49th Pl	0.36mi	4/2.5	2,552 (-4%)	2mo	$750,000	$294	72
9677 N Springs Way	0.07mi	4/2.0	2,343 (-12%)	1mo	$865,000	$369	72
10207 NW 50th Pl	0.49mi	4/3.0	2,766 (+4%)	2mo	$825,000	$298	70
5273 NW 89th Dr	0.59mi	4/2.5	2,686 (+0%)	2mo	$850,250	$317	68
5321 NW 89th Dr	0.55mi	4/2.5	2,490 (-7%)	3mo	$730,000	$293	59
4911 NW 103rd Ave	0.60mi	4/2.5	2,443 (-9%)	2mo	$835,000	$342	54
10039 NW 47th St	0.44mi	4/2.0	2,291 (-14%)	4mo	$665,000	$290	48
5044 NW 87th Ter	0.63mi	5/2.5 (+1)	2,678 (+0%)	19mo	$788,500	$294	48
10240 NW 52nd St	0.66mi	4/3.0	2,283 (-15%)	2mo	$625,555	$274	43
8766 NW 54th St	0.66mi	4/2.5	2,524 (-6%)	24mo	$874,000	$346	38

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: 9.2%
• Equity multiple: 1.35×
• Total profit: $39,729
• Equity at exit: $60,387

10-year hold

• IRR: 16.3%
• Equity multiple: 2.19×
• Total profit: $135,325
• Equity at exit: $35,017

Cash invested: $113,400 (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: 5.9×

Monthly cashflow live

• Estimated rent: $5,680 high
• Mortgage (P&I): −$2,124
• Tax from tax record: −$332 /mo · $3,980/yr
• Insurance: −$169
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,193
• Net cashflow: $1,863

Break-even live

Break-even rent $3,322

Max offer price $405,000

Occupancy floor 62%

Sensitivity live

Price	-10% $2,092	-5% $1,978	+0% $1,863	+5% $1,749	+10% $1,634
Rent	-10% $1,414	-5% $1,639	+0% $1,863	+5% $2,088	+10% $2,312
Rate	-1.0pp $2,067	-0.5pp $1,966	base $1,863	+0.5pp $1,758	+1.0pp $1,651

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: $101,250
• Closing costs: $12,150
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5165 NW 99th Way Coral Springs, FL	4.0	2.5	2931	$2,496	$0.85	12d	1	0.33mi
4823 NW 91st Way Coral Springs, FL	4.0	2.5	2573	$5,850	$2.27	25d	1	0.34mi
4823 NW 91st Way Coral Springs, FL	4.0	2.5	2573	$5,850	$2.27	15d	1	0.34mi
9066 NW 52nd Ct Coral Springs, FL	4.0	3.0	3044	$6,400	$2.10	6d	1	0.44mi
8985 NW 45th Ct Coral Springs, FL	3.0	2.0	1983	$4,950	$2.50	25d	1	0.65mi
8949 NW 45th Ct Coral Springs, FL	4.0	2.0	2165	$5,200	$2.40	15d	1	0.68mi
10425 NW 48th Mnr Coral Springs, FL	4.0	2.0	2285	$5,400	$2.36	25d	1	0.81mi
4915 NW 105th Dr Coral Springs, FL	5.0	3.0	3215	$6,700	$2.08	25d	1	0.88mi
4305 Coral Springs Dr Unit 2H Coral Springs, FL	3.0	3.5	2020	$3,100	$1.53	22d	1	0.99mi
9020 NW 38th Dr #5 Coral Springs, FL	3.0	2.5	1800	$3,100	$1.72	25d	1	1.10mi
8645 NW 39th Ct Coral Springs, FL	5.0	3.5	3077	$5,450	$1.77	6d	1	1.14mi
8645 NW 39th Ct Coral Springs, FL	5.0	3.5	3077	$5,450	$1.77	8d	1	1.14mi
8645 NW 39th Ct Coral Springs, FL	5.0	3.5	3077	$5,450	$1.77	25d	1	1.14mi
10290 NW 60th Pl Parkland, FL	4.0	3.5	3272	$6,500	$1.99	25d	1	1.15mi
10290 NW 60th Pl Parkland, FL	5.0	3.5	3272	$7,500	$2.29	14d	1	1.15mi
10290 NW 60th Pl Parkland, FL	4.0	3.5	3272	$7,500	$2.29	15d	1	1.15mi
10290 NW 60th Pl Parkland, FL	4.0	3.5	3272	$7,500	$2.29	5d	1	1.15mi
10251 NW 39th Ct Coral Springs, FL	4.0	2.0	2039	$4,750	$2.33	25d	1	1.17mi
8815 NW 37th Dr Coral Springs, FL	4.0	3.5	3087	$5,100	$1.65	25d	1	1.19mi
10442 NW 60th Pl Parkland, FL	4.0	3.5	3352	$5,500	$1.64	25d	1	1.24mi
8450 NW 39th Ct Coral Springs, FL	3.0	3.0	1915	$4,000	$2.09	25d	1	1.28mi
4451 NW 110th Ave Unit S Coral Springs, FL	3.0	2.0	3606	$2,800	$0.78	25d	1	1.30mi
10251 NW 62nd Dr Unit 10251 Parkland, FL	4.0	3.0	2734	$7,500	$2.74	4d	1	1.31mi
10251 NW 62nd Dr Parkland, FL	4.0	3.0	2734	$7,000	$2.56	5d	1	1.31mi
11221 NW 46th Dr Coral Springs, FL	4.0	2.5	2103	$3,650	$1.74	3d	1	1.37mi
10635 NW 61st Ct Parkland, FL	5.0	3.0	2670	$5,800	$2.17	25d	1	1.43mi
4100 NW 110th Ave Unit S Coral Springs, FL	3.0	2.0	1800	$3,450	$1.92	8d	1	1.44mi
11235 NW 43rd Pl Coral Springs, FL	4.0	2.0	1826	$4,075	$2.23	2d	1	1.48mi
4112 NW 78th Ln Coral Springs, FL	4.0	2.0	1839	$4,000	$2.18	14d	1	1.49mi
4112 NW 78th Ln Coral Springs, FL	3.0	2.0	1839	$4,000	$2.18	22d	1	1.49mi
11135 NW 46th Dr Coral Springs, FL	3.0	2.5	1961	$3,250	$1.66	22d	1	1.49mi

Listing history 7 events

1. 2026-04-03
   status Pending
2. 2026-03-26
   listed $405,000 Active
3. 2015-06-15
   soldstatus $400,000
4. 2002-07-29
   soldstatus $300,000
5. 1997-10-06
   soldstatus $219,214
6. 1997-08-01
   soldstatus $219,214
7. 1991-08-07
   soldstatus $200,400

ⓘ 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: $3,980 · $332/mo
• Projected year-2 tax: $3,980 · $332/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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: $68,163
• − Mortgage interest: −$22,686
• − Property taxes: −$3,980
• − Insurance: −$2,025
• − Repairs & maintenance: −$5,453
• − Management: −$5,453
• − Depreciation: −$11,782
• Taxable income: $16,784
• Est. tax owed @ 24.0%: −$4,028
• After-tax cash flow: $18,330/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

+102.1% since first listed

7 events — show timeline

• 2026-04-03 Pending — Beaches MLS
• 2026-03-26 Listed $405,000 Beaches MLS
• 2015-06-15 Sold (Public Records) $400,000 Public Records
• 2002-07-29 Sold (Public Records) $300,000 Public Records
• 1997-10-06 Sold (Public Records) $219,214 Public Records
• 1997-08-01 Sold (Public Records) $219,214 Public Records
• 1991-08-07 Sold (Public Records) $200,400 Public Records

Property tax history

-2.4%/yr

Latest (2025): $3,980 · +1.3% YoY. Source: county tax records.