5820 NE 22nd Way #629 · Fort Lauderdale, FL
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.66%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 26 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +26.4/30.0
- ARV discount +12.6/15.0
- 1% rule +10.0/10.0
- DSCR +9.0/10.0
- Livability +4.1/5.0
- Condition / age +4.0/5.0
- Schools +3.9/10.0
- Rent growth +3.4/5.0
- Appreciation +0.0/10.0
$178,500
5820 NE 22nd Way #629 · Fort Lauderdale, FL 33308
2 bd · 2.0 ba · 1,000 sqft · Condo
public records
· 209 Days on market
Built 1970
$178/sqft
· 22% below area
Est $201k · 11% under
$608/mo HOA · 22% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Rare corner unit filled with natural light throughout. This 2-bedroom, 1.5-bathroom condo faces a beautiful residential street and is located in the highly desirable community of Imperial Point located in east Fort Lauderdale. Convenient access to major roads, minutes from the beach, restaurants, hospitals, shopping, and so much more. All ages welcome. Leasing permitted after 2 years of ownership. Comes with 1 assigned parking space. HOA fee includes basic cable, internet, and water. Building has a NEW Roof! Laundry facility located in the building. Residents can also enjoy a beautiful pool, clubhouse and barbecue area.
Key facts
- Clubhouse
- Natural light
- Corner unit
Tags
Neighborhood map
Sold within
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 $178k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $469 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $178k).
- Recommended offer: $157k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.4% vs local median 1.9% in Fort Lauderdale — 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 82/100 on livability (#78 in FL, #1,293 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, health & safety A+; Watch: cost of living 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.
- 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); Nova High School (math 22% / reading 56%, grade F, #312 of 667 statewide, top 48%, 2,227 students, 59% FRL) — zoned schools average 66% FRL vs 51% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising (+3.6%/yr); 1131 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
- This rent runs 36% of the median local income ($94k/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 $1k of loan paydown is wiped out by about $5k 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 + 3.6% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 209 days — a 12% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
- Current owner paid $17k; list at $178k implies a 962% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 22% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$157,080
(12.0% below list)
Questions for the listing agent
- It's been on market 209 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 1.56% ✓
- Cap rate
- 9.45%
- Cash-on-cash
- 11.26%
- DSCR
- 1.50
- GRM
- 5.3
CMA / ARV
- ARV (median comp)
- $201,133
- List price
- $178,500
- Delta
- -11.25%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 101 E Mcnab Rd #408 | 1.05mi | 2/2.0 | 1,000 (0%) | 0mo | $200,000 | $200 | 65 |
| 1501 S Ocean Blvd #325 | 1.37mi | 2/2.0 | 1,000 (0%) | 0mo | $295,000 | $295 | 65 |
| 6000 NE 22nd Way Unit 3a | 0.29mi | 2/2.0 | 1,158 (+16%) | 0mo | $305,000 | $263 | 62 |
| 4800 Bayview Dr #802 | 0.81mi | 2/2.0 | 1,032 (+3%) | 0mo | $290,000 | $281 | 59 |
| 6000 NE 22nd Way Unit 7D | 0.29mi | 1/1.0 (-1) | 768 (-23%) | 0mo | $100,000 | $130 | 53 |
| 6260 NE 18th Ave #722 | 0.80mi | 2/1.0 | 950 (-5%) | 0mo | $147,000 | $155 | 52 |
| 1461 S Ocean Blvd #101 | 1.46mi | 2/2.0 | 920 (-8%) | 0mo | $262,000 | $285 | 51 |
| 5208 NE 24th Ter Unit F124 | 0.51mi | 2/1.0 | 875 (-12%) | 0mo | $150,000 | $171 | 51 |
| 1400 NE 57th St #304 | 1.20mi | 2/2.0 | 870 (-13%) | 0mo | $185,500 | $213 | 43 |
| 5100 Dupont Blvd Unit C3 | 0.77mi | 2/2.5 | 1,219 (+22%) | 0mo | $650,000 | $533 | 38 |
| 841 NE 59th St | 1.48mi | 3/2.0 (+1) | 1,226 (+23%) | 0mo | $435,000 | $355 | 35 |
| 2421 NE 65th St #217 | 0.70mi | 1/1.0 (-1) | 756 (-24%) | 0mo | $230,000 | $304 | 33 |
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 · 3.63% rent growth · sell at horizon
5-year hold
- IRR
- 1.6%
- Equity multiple
- 1.06×
- Total profit
- $3,073
- Equity at exit
- $26,615
10-year hold
- IRR
- 12.1%
- Equity multiple
- 2.00×
- Total profit
- $49,925
- Equity at exit
- $15,433
Cash invested: $49,980 (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 · 6 under contract
- Median asking
- $250,000 ($269/sqft)
- Median days on market
- 82 d
- This list price
- 20% of active listings are priced below it
- ARV vs active asking
- -25.3% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33308
- Rents YoY
- 3.6%
- Active inventory
- 1131
- Price-to-rent
- 5.3×
Monthly cashflow live
↻
- Estimated rent
- $2,781 high interval (Pro) →
- Mortgage (P&I)
- −$936
- Tax from tax record
- −$109 /mo · $1,309/yr
- Insurance
- −$74
- HOA
- −$608
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$584
- Net cashflow
- $469
Break-even live
Break-even rent
$2,187
Max offer price
$178,500
Occupancy floor
78%
Sensitivity live
| Price | -10% $570 | -5% $520 | +0% $469 | +5% $419 | +10% $368 |
|---|---|---|---|---|---|
| Rent | -10% $249 | -5% $359 | +0% $469 | +5% $579 | +10% $689 |
| Rate | -1.0pp $559 | -0.5pp $515 | base $469 | +0.5pp $423 | +1.0pp $376 |
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
- $44,625
- Closing costs
- $5,355
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5700 NE 22nd Way #324 Fort Lauderdale, FL | 2.0 | 2.0 | 1100 | $1,895 | $1.72 | 3d | 1 | 0.07mi |
| 2230 NE 56th Pl #210 Fort Lauderdale, FL | 2.0 | 1.5 | 1000 | $1,895 | $1.90 | 3d | 1 | 0.10mi |
| 2700 NE 56th Ct Unit 4B Fort Lauderdale, FL | 2.0 | 2.0 | 1400 | $2,995 | $2.14 | 82d | 1 | 0.19mi |
| 2591 NE 55th Ct #208 Fort Lauderdale, FL | 1.0 | 1.0 | 739 | $1,885 | $2.55 | 3d | 1 | 0.19mi |
| 2175 NE 56th St Fort Lauderdale, FL | 2.0–3.0 | 1.0–2.0 | 960 | $1,900 | $1.98 | 2d | 2 | 0.21mi |
| 5760 NE 27th Ave Unit B Fort Lauderdale, FL | 2.0 | 2.0 | 1494 | $3,475 | $2.33 | 65d | 1 | 0.22mi |
| 5760 NE 27th Ave Unit B Fort Lauderdale, FL | 2.0 | 2.0 | 1250 | $3,475 | $2.78 | 96d | 1 | 0.22mi |
| 2171 NE 56th St Fort Lauderdale, FL | 3.0 | 3.0 | 1266 | $2,400 | $1.90 | 3d | 1 | 0.22mi |
| 2167 NE 56th Ct Unit A Fort Lauderdale, FL | 2.0 | 2.0 | 1106 | $2,300 | $2.08 | 3d | 1 | 0.24mi |
| 2155 NE 56th Ct Fort Lauderdale, FL | 3.0 | 2.0 | 1500 | $3,500 | $2.33 | 10d | 1 | 0.27mi |
| 2169 Imperial Point Dr Fort Lauderdale, FL | 2.0 | 2.0 | 1300 | $4,200 | $3.23 | 23d | 1 | 0.30mi |
| 2169 Imperial Point Dr Fort Lauderdale, FL | 2.0 | 2.0 | 1300 | $4,200 | $3.23 | 1d | 1 | 0.30mi |
| 2137 NE 56th Ct Unit B Fort Lauderdale, FL | 2.0 | 2.0 | 1140 | $2,800 | $2.46 | 3d | 1 | 0.31mi |
| 2211 NE 61st Ct Fort Lauderdale, FL | 3.0 | 2.0 | 1250 | $4,800 | $3.84 | 10d | 1 | 0.31mi |
| 2211 NE 61st Ct Fort Lauderdale, FL | 3.0 | 2.0 | 1250 | $4,800 | $3.84 | 40d | 1 | 0.31mi |
| 2211 NE 61st Ct Fort Lauderdale, FL | 3.0 | 2.0 | 1250 | $4,800 | $3.84 | 23d | 1 | 0.31mi |
| 2152 NE 61st Ct Fort Lauderdale, FL | 2.0 | 2.0 | 1385 | $3,950 | $2.85 | 126d | 1 | 0.34mi |
| 2070 NE 56th St Unit 1 Fort Lauderdale, FL | 1.0 | 1.0 | 1000 | $1,950 | $1.95 | 3d | 1 | 0.37mi |
| 6200 NE 22nd Way #312 Fort Lauderdale, FL | 2.0 | 1.5 | 920 | $2,150 | $2.34 | 3d | 1 | 0.40mi |
| 5321 NE 24th Ter Unit 305A Fort Lauderdale, FL | 2.0 | 2.0 | 928 | $1,980 | $2.13 | 3d | 1 | 0.41mi |
| 5321 NE 24th Ter Unit 305A Fort Lauderdale, FL | 2.0 | 2.0 | 928 | $1,980 | $2.13 | 2d | 1 | 0.41mi |
| 2051 NE 56th St #2 Fort Lauderdale, FL | 2.0 | 2.0 | 1000 | $2,500 | $2.50 | 3d | 1 | 0.43mi |
| 5300 NE 24th Ter Fort Lauderdale, FL | 2.0 | 2.0 | 928 | $2,000 | $2.16 | 3d | 2 | 0.44mi |
| 2041 NE 56th St Unit 1 Fort Lauderdale, FL | 3.0 | 2.0 | 1000 | $3,800 | $3.80 | 10d | 1 | 0.44mi |
| 2041 NE 56th St Unit 1 Fort Lauderdale, FL | 3.0 | 2.0 | 1000 | $3,800 | $3.80 | 14d | 1 | 0.44mi |
| 2020 NE 56th St Fort Lauderdale, FL | 2.0 | 2.0 | 1000 | $2,000 | $2.00 | 3d | 1 | 0.44mi |
| 5711 NE 19th Ter Fort Lauderdale, FL | 3.0 | 2.0 | 1376 | $4,800 | $3.49 | 41d | 1 | 0.55mi |
| 2453 NE 51st St Unit D309 Fort Lauderdale, FL | 2.0 | 2.0 | 875 | $2,500 | $2.86 | 3d | 1 | 0.56mi |
| 2000 NE 62nd St Fort Lauderdale, FL | 3.0 | 2.0 | 1249 | $3,500 | $2.80 | 124d | 1 | 0.57mi |
| 2000 NE 62nd St Fort Lauderdale, FL | 3.0 | 2.0 | 1249 | $3,500 | $2.80 | 115d | 1 | 0.57mi |
| 2160 NE 53rd St Fort Lauderdale, FL | 3.0 | 2.0 | 1282 | $4,200 | $3.28 | 79d | 1 | 0.57mi |
| 2901 NE 51st St #3 Fort Lauderdale, FL | 2.0 | 2.0 | 800 | $2,890 | $3.61 | 3d | 1 | 0.61mi |
| 2190 NE 51st Ct Apt 201 Fort Lauderdale, FL | 2.0 | 2.0 | 1500 | $2,500 | $1.67 | 3d | 1 | 0.63mi |
| 1821 NE 56th St Fort Lauderdale, FL | 2.0 | 1.0 | 800 | $2,000 | $2.50 | 3d | 1 | 0.65mi |
| 5050 Bayview Dr Fort Lauderdale, FL | 2.0 | 2.0 | 880 | $2,000 | $2.27 | 3d | 1 | 0.67mi |
| 2400 NE 65th St Fort Lauderdale, FL | 1.0–2.0 | 1.0–2.0 | 962 | $2,616 | $2.72 | 2d | 16 | 0.67mi |
| 2170 NE 51st Ct Fort Lauderdale, FL | 1.0 | 1.0 | 700 | $1,900 | $2.71 | 3d | 1 | 0.69mi |
| 6299 Bay Club Dr #4 Fort Lauderdale, FL | 2.0 | 2.0 | 1200 | $4,900 | $4.08 | 165d | 1 | 0.69mi |
| 3111 NE 51st St Unit 106C Fort Lauderdale, FL | 2.0 | 2.0 | 1300 | $3,200 | $2.46 | 93d | 1 | 0.69mi |
| 3111 NE 51st St Unit 301 Fort Lauderdale, FL | 2.0 | 2.0 | 1300 | $3,800 | $2.92 | 165d | 1 | 0.69mi |
Property features AI
Finance
- HOA & community
- Association on siteQuarterly HOA duesAssociation amenities include clubhouse, pool, storage, community room, laundry, internet includedHOA fee listed (quarterly)
Exterior
- Parking
- Assigned parkingGuest parking1 parking space total
- Utilities
- Public waterPublic sewerCable availableElectricity connected
- Home design
- CondominiumOne levelFaces westResale condition
- Construction
- Built with CBS construction materialsOther-style roof2 total stories in building
- Exterior features
- Not waterfrontNo waterfront features
Interior
- Kitchen
- DishwasherElectric rangeMicrowaveRefrigerator
- Bedrooms
- 2 bedrooms on the main level
- Flooring
- Tile flooring
- Bathrooms
- 1 full bathroom1 half bathroom
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- No notable built-in interior features listed
- Laundry & utility
- On-site laundry available (association amenity)
HOA detail $608/mo · $7,296/yr condo
- Likely covers
- waterinternetcablepoolparking
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-11-08days on market $178,500 Active 209 DOM
-
2026-11-07days on market $178,500 Active 208 DOM
-
2026-11-07days on market $178,500 Active 207 DOM
-
2026-11-05days on market $178,500 Active 206 DOM
-
2026-11-04days on market $178,500 Active 205 DOM
-
2026-11-02days on market $178,500 Active 203 DOM
-
2026-11-01days on market $178,500 Active 202 DOM
-
2026-10-31days on market $178,500 Active 201 DOM
-
2026-10-30days on market $178,500 Active 200 DOM
-
2026-10-29days on market $178,500 Active 199 DOM
-
2026-10-28days on market $178,500 Active 198 DOM
-
2026-10-27days on market $178,500 Active 197 DOM
-
2026-10-26days on market $178,500 Active 196 DOM
-
2026-10-26days on market $178,500 Active 195 DOM
-
2026-10-24days on market $178,500 Active 194 DOM
-
2026-10-23days on market $178,500 Active 193 DOM
-
2026-10-22days on market $178,500 Active 192 DOM
-
2026-10-21days on market $178,500 Active 191 DOM
-
2026-10-20days on market $178,500 Active 190 DOM
-
2026-10-19days on market $178,500 Active 189 DOM
-
2026-10-18days on market $178,500 Active 188 DOM
-
2026-10-17days on market $178,500 Active 187 DOM
-
2026-10-16days on market $178,500 Active 186 DOM
-
2026-10-15days on market $178,500 Active 185 DOM
-
2026-10-14days on market $178,500 Active 184 DOM
-
2026-10-13days on market $178,500 Active 183 DOM
-
2026-10-12days on market $178,500 Active 182 DOM
-
2026-10-11days on market $178,500 Active 181 DOM
-
2026-10-10days on market $178,500 Active 180 DOM
-
2026-10-09days on market $178,500 Active 179 DOM
-
2026-10-08days on market $178,500 Active 178 DOM
-
2026-10-07days on market $178,500 Active 177 DOM
-
2026-10-06days on market $178,500 Active 176 DOM
-
2026-10-05remarks 699-char remark
-
2026-10-05status $178,500 Active 175 DOM
-
2026-10-05days on market $178,500 Active Under Contract 175 DOM
-
2026-10-04days on market $178,500 Active Under Contract 174 DOM
-
2026-10-04status $178,500 Active Under Contract 173 DOM
-
2026-10-03days on market $178,500 Active 173 DOM
-
2026-10-02days on market $178,500 Active 172 DOM
-
2026-09-29days on market $178,500 Active 169 DOM
-
2026-09-27days on market $178,500 Active 167 DOM
-
2026-09-23days on market $178,500 Active 163 DOM
-
2026-09-22days on market $178,500 Active 162 DOM
-
2026-09-21days on market $178,500 Active 161 DOM
-
2026-09-20days on market $178,500 Active 160 DOM
-
2026-09-18days on market $178,500 Active 158 DOM
-
2026-09-17days on market $178,500 Active 157 DOM
-
2026-09-16days on market $178,500 Active 156 DOM
-
2026-09-15days on market $178,500 Active 155 DOM
ⓘ 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
- $1,309 · $109/mo
- Projected year-2 tax
- $1,482 · $123/mo
- Expected delta
- +$173/yr (+$14/mo · 13.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 6/10 Major FEMA zone X (shaded) · 66% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $33,366
- − Mortgage interest
- −$9,999
- − Property taxes
- −$1,309
- − Insurance
- −$892
- − Repairs & maintenance
- −$2,669
- − Management
- −$2,669
- − HOA
- −$7,296
- − Depreciation
- −$5,193
- Taxable income
- $3,339
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$801
- After-tax cash flow
- $4,828/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 · 10 photos
80/100
Cosmetic rehab
Est. rehab $5,000–$15,000 screening
This corner unit is in good condition with modern finishes and a well-maintained exterior. It offers a good return on investment with minimal repairs needed.
Components & finishes AI
Roof asphalt shingle · good
Flooring tile
Value-add opportunities
- Both Paint exterior walls — Enhances curb appeal and value ↑
- Both Clean gutters — Improves drainage and prevents water damage ↑
ⓘ 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 39/100
Zoned Schools
Elementary
Mcnab Elementary School
C+
FL #781/2,144
Nat'l #8,534/41,679
Middle
Pompano Beach Middle School
F
FL #421/571
Nat'l #7,581/14,009
High
Northeast High School
F
FL #505/667
Nat'l #12,478/17,239
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 82/100
Livability — Fort Lauderdale
- Score
- 82/100
- State rank
- #78
- US rank
- #1293
Category grades
Amenities A+
Commute C+
Cost of living D-
Crime A+
Employment B
Housing A-
Health & safety A+
User ratings B+
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Fort Lauderdale, FL
- County
- Broward County · 2,207,033 people
- City population
- 235,769
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 27,935
- Household income
- $93,879
- Rent vs Own
- Severe rent burden
- 21% 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
- Predominantly White (75%)
- Race & ethnicity
- White 75% Hispanic / Latino 16% Two or more races 14% Asian 3% Black 2%
- Hispanic origin (detail)
- Puerto Rican 2% Cuban 3%
- Languages at home
- 75% English-only · Spanish 14% Other Indo-European 5% Russian/Polish/Slavic 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
- ▼ -417.95%
- Current HPI
- 325.3902
- Rent YoY
- ▲ 3.63%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+852.0% since first listed4 events — show timeline
- 2026-05-14 Price Changed $188,500 Beaches MLS
- 2026-04-10 Listed $200,000 Beaches MLS
- 1977-05-01 Sold (Public Records) $16,800 Public Records
- 1971-06-01 Sold (Public Records) $19,800 Public Records
Property tax history
+9.3%/yrLatest (2025): $1,309 · +11.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…