2661 Laguna Way · Miramar, FL 33025

$5,000

3 bd · 2.0 ba · 1,798 sqft · SingleFamily public records · 3 Days on market

Built 1988 5,663 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.3/30.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 23, 2026 at 10:00 AM EST. Explore this charming 3-bedroom, 2-bath residence set in a peaceful and well-located Miramar community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa Home App.

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1988

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Other water source; Other sewer
• Home design: Single-family residence; One level; Planned Unit Development (PUD) zoning
• Construction: Construction materials: see remarks
• Exterior features: Front porch; Other roof

Interior

• Bedrooms: Total of 1 room
• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: Other flooring

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $559,178 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).

Location & tenants

• Location reads 80/100 on livability (#111 in FL, #1,721 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, crime A; Watch: commute D+, cost of living D+, amenities D.
• 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 (-0.9%/yr); 438 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $3,311/mo this rent would consume 58% of the median local household income ($69k/yr) (locally 4834% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 167.8% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/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. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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?
5. 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?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 0.59% ✗
• Cap rate: 3.61%
• Cash-on-cash: -9.57%
• DSCR: 0.57
• GRM: 14.1

CMA / ARV

• ARV (on-the-fly): $559,178
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
—	0.66mi	4/2.5 (+1)	1,852 (+3%)	3mo	$450,000	$243	55
1809 SW 94th Ave	0.60mi	4/2.0 (+1)	1,672 (-7%)	2mo	$520,000	$311	54
1721 SW 97th Ter	0.59mi	4/2.0 (+1)	1,796 (-0%)	17mo	$614,000	$342	53
3562 SW 93rd Ave	0.59mi	3/2.5	1,977 (+10%)	2mo	$529,000	$268	52
9991 W Heather Ln	0.52mi	3/2.5	1,569 (-13%)	14mo	$500,000	$319	41
1911 SW 97th Ave	0.47mi	4/2.0 (+1)	1,572 (-13%)	16mo	$579,900	$369	39
10237 SW 23rd Ct	0.71mi	4/2.0 (+1)	1,965 (+9%)	21mo	$600,000	$305	28

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -36.7%
• Equity multiple: -0.15×
• Total profit: $-179,787
• Equity at exit: $83,375

10-year hold

• IRR: -74.8%
• Equity multiple: -0.89×
• Total profit: $-296,251
• Equity at exit: $48,347

Cash invested: $156,570 (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 33025

• Rents YoY: -0.9%
• Active inventory: 438
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,311 high
• Mortgage (P&I): −$2,932
• Tax est. 1.5%: −$699 /mo · $8,388/yr
• Insurance: −$233
• HOA: −$0
• Vacancy / Maint / Mgmt: −$695
• Net cashflow: $-1,249

Break-even live

Break-even rent $4,892

Max offer price $378,507

Occupancy floor —

Sensitivity live

Price	-10% $-862	-5% $-1,055	+0% $-1,249	+5% $-1,442	+10% $-1,635
Rent	-10% $-1,510	-5% $-1,379	+0% $-1,249	+5% $-1,118	+10% $-987
Rate	-1.0pp $-967	-0.5pp $-1,106	base $-1,249	+0.5pp $-1,393	+1.0pp $-1,541

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: $139,794
• Closing costs: $16,775
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2417 SW 99th Way #2417 Miramar, FL	3.0	2.5	1628	$3,200	$1.97	25d	1	0.41mi
10012 SW 23rd St Miramar, FL	2.0	2.5	1296	$2,650	$2.04	17d	1	0.46mi
10012 SW 23rd St Miramar, FL	2.0	2.5	1296	$2,650	$2.04	16d	1	0.46mi
2005 SW 99th Ave Miramar, FL	3.0	2.0	1920	$3,100	$1.61	25d	1	0.49mi
1804 SW 95th Ter Miramar, FL	3.0	2.0	1868	$3,000	$1.61	25d	1	0.53mi
1923 SW 99th Ter Miramar, FL	2.0	1.0	1548	$2,500	$1.61	21d	1	0.54mi
9095 SW 20th St Miramar, FL	4.0	2.0	2020	$3,900	$1.93	13d	1	0.55mi
8880 SW 23rd St Miramar, FL	3.0	2.0	1359	$3,650	$2.69	25d	1	0.55mi
1800 SW 97th Ave Unit A Miramar, FL	3.0	2.0	2416	$2,900	$1.20	25d	1	0.57mi
9012 SW 20th Pl Miramar, FL	3.0	2.0	1498	$3,200	$2.14	25d	1	0.59mi
8931 SW 18th St #401 Miramar, FL	3.0	2.5	1260	$2,850	$2.26	25d	1	0.65mi
8931 SW 18th St #401 Miramar, FL	3.0	2.5	1260	$2,800	$2.22	2d	1	0.65mi
1804 SW 99th Ter Unit A Miramar, FL	4.0	3.0	1598	$3,850	$2.41	15d	1	0.65mi
1804 SW 99th Ter Unit A Miramar, FL	4.0	3.0	1598	$3,850	$2.41	17d	1	0.65mi
2400 SW 87th Way Miramar, FL	3.0	2.5	1430	$3,100	$2.17	25d	1	0.67mi
8934 SW 18th St Miramar, FL	3.0	2.5	1656	$2,700	$1.63	25d	1	0.67mi
2420 SW 87th Way Miramar, FL	3.0	2.5	1570	$3,100	$1.97	19d	1	0.67mi
2420 SW 87th Way Miramar, FL	3.0	2.5	1570	$3,100	$1.97	11d	1	0.67mi
9194 SW 36th St Miramar, FL	4.0	2.5	2080	$3,500	$1.68	25d	1	0.68mi
10265 SW 24th Ct Miramar, FL	3.0	2.0	1406	$3,850	$2.74	25d	1	0.69mi
8664 SW 22nd Ct Miramar, FL	3.0	2.5	1390	$3,300	$2.37	21d	1	0.77mi
8664 SW 22nd Ct Miramar, FL	3.0	2.5	1390	$3,300	$2.37	14d	1	0.77mi
8660 Beekman Dr Miramar, FL	3.0	2.0	1400	$3,200	$2.29	20d	1	0.77mi
8572 SW 23rd Ct Miramar, FL	3.0	2.5	1500	$3,250	$2.17	17d	1	0.83mi
8572 SW 23rd Ct Miramar, FL	3.0	2.5	1500	$3,250	$2.17	16d	1	0.83mi
10420 SW 24th Ct Miramar, FL	4.0	2.0	1965	$3,500	$1.78	3d	1	0.88mi
10420 SW 24th Ct Miramar, FL	4.0	2.0	1965	$3,500	$1.78	13d	1	0.88mi
9044 SW 39th St Unit 9044 Miramar, FL	3.0	2.5	1868	$3,500	$1.87	6d	1	0.89mi
9044 SW 39th St Unit 9044 Miramar, FL	3.0	2.5	1868	$3,500	$1.87	25d	1	0.89mi
9044 SW 39th St Unit 9044 Miramar, FL	3.0	2.5	1868	$3,500	$1.87	17d	1	0.89mi
9044 SW 39th St Miramar, FL	3.0	2.5	1868	$3,500	$1.87	15d	1	0.89mi
2451 SW 85th Ter Unit 2451 Miramar, FL	2.0	2.0	1384	$3,150	$2.28	25d	1	0.89mi
2674 SW 84th Ter #102 Miramar, FL	3.0	2.5	1530	$3,200	$2.09	19d	1	0.96mi
10101 SW 14th St Pembroke Pines, FL	2.0–3.0	2.0–2.5	1342	$3,014	$2.25	2d	20	1.01mi
1431 SW 87th Way Pembroke Pines, FL	4.0	2.5	2276	$4,100	$1.80	25d	1	1.02mi
1001 SW 98th Ave Pembroke Pines, FL	4.0	3.0	2110	$4,500	$2.13	25d	1	1.03mi
8375 SW 29th St Miramar, FL	3.0	2.5	1450	$2,850	$1.97	19d	1	1.07mi
9650 SW 9th Ct Pembroke Pines, FL	4.0	2.5	2117	$6,500	$3.07	8d	1	1.09mi
9650 SW 9th Ct Pembroke Pines, FL	4.0	2.5	2117	$6,500	$3.07	14d	1	1.09mi
2764 SW 83rd Ter Unit 106 Miramar, FL	3.0	2.5	1306	$2,850	$2.18	25d	1	1.10mi

Listing history 4 events

1. 2026-06-18
   days on market $5,000 Active 3 DOM
2. 2026-06-17
   days on market $5,000 Active 2 DOM
3. 2026-06-15
   remarks 295-char remark
4. 2026-06-15
   listed $5,000 Active 1 DOM

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 28 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: $39,733
• − Mortgage interest: −$31,323
• − Property taxes: −$8,388
• − Insurance: −$2,796
• − Repairs & maintenance: −$3,179
• − Management: −$3,179
• − Depreciation: −$16,267
• Taxable loss: −$25,397
• Est. tax savings @ 24.0%: +$6,095
• After-tax cash flow: $-8,888/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 — Miramar

• Score: 80/100
• State rank: #111
• US rank: #1721

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miramar, FL
• County: Broward County · 1,963,430 people
• City population: 214,427
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 76,967
• Household income: $68,743
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 4834.0

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 0.64)
• Race & ethnicity: Black 44% Hispanic / Latino 39% Two or more races 18% White 11% Asian 3%
• Hispanic origin (detail): Puerto Rican 4% Cuban 11% Dominican 3% Salvadoran 1%
• Common ancestry: Hispanic 8% Italian 1%
• Foreign-born: 38% · Canada, Jamaica, Dominican Republic
• Languages at home: 54% English-only · Spanish 35% French/Haitian/Cajun 7% 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: ▼ -246.93%
• Current HPI: 416.2123
• Rent YoY: ▼ -0.92%
• 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

1 event — show timeline

• 2026-06-15 Listed $5,000 HAOR as distributed by MLS GRID

Property tax history

+12.0%/yr

Latest (2025): $9,369 · +10.3% YoY. Source: county tax records.