300 SW 134th Way Unit 204E · Pembroke Pines, FL 33027

$129,900

1 bd · 2.0 ba · 811 sqft · Condo public records · 76 Days on market

Built 1984 $697/mo HOA · 38% of rent

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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).

• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.4/30.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Appreciation +4.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.7/10.0

Listing remarks MLS

Beautifully redone 1 Bedroom 1 and 1/2 bathroom, bright and modern with brand new laminate wood floors throughout. Screened in balcony overlooking picturesque views of lake and golf course. Completely remodeled kitchen with travertine backsplash. Lots of space! Updated bathrooms. Newer A/C unit. Rentals allowed first year of ownership. Building is freshly painted. Century Village offers 24-hr security, recreational facilities, events, pool, golf, courtesy bus, theater, and much more!

Key facts

• Fitness center
• Renowned hospitals
• Private balcony

Tags

• PRIVATE BALCONY
• RESORT STYLE AMENITIES
• FITNESS CENTER
• TOP SHOPPING CENTERS
• RENOWNED HOSPITALS

Property features AI

Finance

• HOA & community: Community for seniors; Monthly HOA fee; Association amenities include billiard room, clubhouse, fitness center, pool, sauna, shuffleboard court, spa/hot tub, business center, pickleball courts, trash chute

Exterior

• Parking: Assigned parking
• Security: Security guard; Security fence; Entry phone/intercom; Smoke detectors
• Utilities: Water included in association; Sewer included in association; Power available; Trash service included in association
• Home design: Condominium; Second-floor entry; 4-story building
• Construction: CBS construction
• Exterior features: Screened porch; Fenced; On golf course; Waterfront

Interior

• Kitchen: Disposal; Dishwasher; Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Disposal; Dishwasher; Electric range; Refrigerator

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $-226 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $90k (30.7% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $90k (30.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 83/100 on livability (#54 in FL, #933 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, crime A-; Watch: amenities D+, 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); Charles W Flanagan High School (math 29% / reading 50%, grade F, #304 of 667 statewide, top 47%, 2,475 students, 57% FRL).
• Market conditions: Rents soft (-0.2%/yr); 549 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $3k 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

• It's been on market 76 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $7k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $77k; list at $130k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 38% of rent.
• 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 $90,014 (30.7% below list)

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. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
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. 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?
8. 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?
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 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: 1.40% ✓
• Cap rate: 4.21%
• Cash-on-cash: -7.45%
• DSCR: 0.67
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.01% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -26.6%
• Equity multiple: 0.04×
• Total profit: $-34,830
• Equity at exit: $25,154

10-year hold

• IRR: -34.2%
• Equity multiple: -0.72×
• Total profit: $-62,601
• Equity at exit: $21,425

Cash invested: $36,372 (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 33027

• Home prices YoY: -0.6%
• Rents YoY: -0.2%
• Active inventory: 549
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,821 high
• Mortgage (P&I): −$681
• Tax from tax record: −$232 /mo · $2,788/yr
• Insurance: −$54
• HOA: −$697
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-226

Break-even live

Break-even rent $2,107

Max offer price $90,014

Occupancy floor —

Sensitivity live

Price	-10% $-152	-5% $-189	+0% $-226	+5% $-263	+10% $-299
Rent	-10% $-370	-5% $-298	+0% $-226	+5% $-154	+10% $-82
Rate	-1.0pp $-160	-0.5pp $-193	base $-226	+0.5pp $-259	+1.0pp $-294

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 SW 134th Way Unit 302F Pembroke Pines, FL	2.0	2.0	1044	$2,000	$1.92	9d	1	0.07mi
400 SW 134th Way Pembroke Pines, FL	1.0–2.0	1.5–2.0	927	$1,700	$1.83	12d	2	0.07mi
400 SW 134th Way Pembroke Pines, FL	1.0–2.0	1.5–2.0	927	$1,475	$1.59	26d	3	0.07mi
13455 SW 3rd St Unit 309S Pembroke Pines, FL	1.0	1.5	811	$1,700	$2.10	26d	1	0.11mi
150 SW 134th Way Pembroke Pines, FL	2.0	1.5–2.0	1060	$1,800	$1.70	26d	2	0.12mi
251 SW 134th Way Pembroke Pines, FL	1.0–2.0	1.5	882	$1,500	$1.70	9d	2	0.13mi
251 SW 134th Way Unit 210M Pembroke Pines, FL	2.0	1.5	954	$1,645	$1.72	23d	1	0.13mi
200 SW 132nd Way Pembroke Pines, FL	1.0–2.0	1.5	882	$1,550	$1.76	6d	2	0.14mi
151 SW 135th Ter Unit 108T Pembroke Pines, FL	1.0	1.0	685	$1,600	$2.34	4d	1	0.14mi
13500 SW 1st St Pembroke Pines, FL	2.0	1.5	954	$1,750	$1.83	7d	2	0.15mi
13500 SW 1st St Pembroke Pines, FL	2.0	1.5	954	$1,750	$1.83	26d	2	0.15mi
551 SW 135th Ave Unit 405B Pembroke Pines, FL	2.0	1.5	953	$1,700	$1.78	26d	1	0.15mi
13300 SW 1st St Pembroke Pines, FL	1.0	1.5	811	$1,510	$1.86	4d	2	0.16mi
251 SW 132nd Way Unit 204H Pembroke Pines, FL	1.0	1.5	811	$1,700	$2.10	26d	1	0.17mi
100 SW 132nd Way Pembroke Pines, FL	1.0	1.5	811	$1,488	$1.83	23d	2	0.19mi
100 SW 132nd Way Unit 303K Pembroke Pines, FL	1.0	1.5	811	$1,500	$1.85	17d	1	0.19mi
101 SW 132nd Way Pembroke Pines, FL	1.0	1.5	811	$1,550	$1.91	0d	2	0.20mi
101 SW 132nd Way Pembroke Pines, FL	1.0	1.5	811	$1,550	$1.91	23d	2	0.20mi
101 SW 132nd Way Unit 315J Pembroke Pines, FL	1.0	1.5	811	$1,600	$1.97	20d	1	0.20mi
301 SW 135th Ave Unit 415C Pembroke Pines, FL	1.0	1.5	811	$1,650	$2.03	0d	1	0.22mi
301 SW 135th Ave Unit 415C Pembroke Pines, FL	1.0	1.5	811	$1,650	$2.03	23d	1	0.22mi
13401 NW 5th St Pembroke Pines, FL	1.0–3.0	1.0–2.5	1126	$2,710	$2.41	0d	13	0.22mi
13255 SW 7th Ct Unit 406D Pembroke Pines, FL	2.0	1.5	953	$1,850	$1.94	9d	1	0.26mi
13255 SW 7th Ct Unit 305D Pembroke Pines, FL	2.0	1.5	953	$1,850	$1.94	26d	1	0.26mi
13250 SW 7th Ct Unit 402L Pembroke Pines, FL	2.0	2.0	1044	$1,750	$1.68	16d	1	0.26mi
13250 SW 7th Ct Unit 402L Pembroke Pines, FL	2.0	2.0	1044	$1,750	$1.68	4d	1	0.26mi
13255 SW 7th Ct Pembroke Pines, FL	2.0	1.5	953	$1,825	$1.92	0d	2	0.27mi
850 SW 133rd Ter Unit 106B Pembroke Pines, FL	2.0	1.5	953	$1,975	$2.07	23d	1	0.30mi
850 SW 133rd Ter Unit B406 Pembroke Pines, FL	2.0	1.5	953	$1,900	$1.99	26d	1	0.30mi
850 SW 133rd Ter Pembroke Pines, FL	2.0	1.5	953	$1,938	$2.03	3d	2	0.30mi
850 SW 133rd Ter Pembroke Pines, FL	2.0	1.5	953	$1,938	$2.03	22d	2	0.30mi
13155 SW 7th Ct Unit 402E Pembroke Pines, FL	2.0	2.0	1044	$2,000	$1.92	26d	1	0.31mi
801 SW 133rd Ter Unit 401K Pembroke Pines, FL	1.0	1.0	960	$1,850	$1.93	26d	1	0.32mi
13475 SW 9th St Unit 407A Pembroke Pines, FL	1.0	1.0	685	$1,550	$2.26	26d	1	0.33mi
800 SW 137th Ave Unit G404 Pembroke Pines, FL	1.0	1.0	540	$1,590	$2.94	26d	1	0.34mi
800 SW 137th Ave Unit G404 Pembroke Pines, FL	1.0	1.0	540	$1,580	$2.93	0d	1	0.34mi
13255 SW 9th Ct Unit 402G Pembroke Pines, FL	2.0	2.0	1044	$1,800	$1.72	26d	1	0.36mi
800 SW 131st Ave Unit 311F Pembroke Pines, FL	1.0	1.5	811	$1,800	$2.22	26d	1	0.36mi
13355 SW 9th Ct Unit 317H Pembroke Pines, FL	2.0	2.0	1044	$1,975	$1.89	7d	1	0.36mi
13455 SW 9th Ct Pembroke Pines, FL	1.0	1.5	811	$1,685	$2.08	23d	2	0.37mi

HOA detail condo

• Monthly dues: $697 · $8,364/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-03-21
   price $129,900
2. 2026-01-13
   listed $137,000 Active
3. 2025-12-31
   historical
4. 2025-05-14
   status Active
5. 2025-05-14
   price $145,200
6. 2025-05-12
   historical
7. 2024-11-13
   listed $149,680 Active
8. 2016-12-29
   soldstatus $77,000 Sold 490-char remark

   Show marketing remark (490 chars)

   Beautifully redone 1 Bedroom 1 and 1/2 bathroom, bright and modern with brand new laminate wood floors throughout. Screened in balcony overlooking picturesque views of lake and golf course. Completely remodeled kitchen with travertine backsplash. Lots of space! Updated bathrooms. Newer A/C unit. Rentals allowed first year of ownership. Building is freshly painted. Century Village offers 24-hr security, recreational facilities, events, pool, golf, courtesy bus, theater, and much more!

9. 2016-10-11
   soldstatus $77,000
10. 2016-08-10
    status Pending 490-char remark

    Show marketing remark (490 chars)

    Beautifully redone 1 Bedroom 1 and 1/2 bathroom, bright and modern with brand new laminate wood floors throughout. Screened in balcony overlooking picturesque views of lake and golf course. Completely remodeled kitchen with travertine backsplash. Lots of space! Updated bathrooms. Newer A/C unit. Rentals allowed first year of ownership. Building is freshly painted. Century Village offers 24-hr security, recreational facilities, events, pool, golf, courtesy bus, theater, and much more!

11. 2016-05-31
    price $79,900 490-char remark

    Show marketing remark (490 chars)

    Beautifully redone 1 Bedroom 1 and 1/2 bathroom, bright and modern with brand new laminate wood floors throughout. Screened in balcony overlooking picturesque views of lake and golf course. Completely remodeled kitchen with travertine backsplash. Lots of space! Updated bathrooms. Newer A/C unit. Rentals allowed first year of ownership. Building is freshly painted. Century Village offers 24-hr security, recreational facilities, events, pool, golf, courtesy bus, theater, and much more!

12. 2016-04-20
    soldstatus $44,500
13. 2016-02-29
    listed $85,000 Active 490-char remark

    Show marketing remark (490 chars)

    Beautifully redone 1 Bedroom 1 and 1/2 bathroom, bright and modern with brand new laminate wood floors throughout. Screened in balcony overlooking picturesque views of lake and golf course. Completely remodeled kitchen with travertine backsplash. Lots of space! Updated bathrooms. Newer A/C unit. Rentals allowed first year of ownership. Building is freshly painted. Century Village offers 24-hr security, recreational facilities, events, pool, golf, courtesy bus, theater, and much more!

14. 2010-02-02
    soldstatus $50,000
15. 2009-12-15
    soldstatus $50,000
16. 2005-05-25
    soldstatus $83,000
17. 1994-10-03
    soldstatus $41,000

ⓘ 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: $2,788 · $232/mo
• Projected year-2 tax: $2,788 · $232/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 ≥106°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: $21,856
• − Mortgage interest: −$7,276
• − Property taxes: −$2,788
• − Insurance: −$650
• − Repairs & maintenance: −$1,748
• − Management: −$1,748
• − HOA: −$8,364
• − Depreciation: −$3,779
• Taxable loss: −$4,497
• Est. tax savings @ 24.0%: +$1,079
• After-tax cash flow: $-1,630/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 — Pembroke Pines

• Score: 83/100
• State rank: #54
• US rank: #933

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pembroke Pines, FL
• County: Broward County · 1,963,430 people
• City population: 180,224
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 65,116
• Household income: $76,561
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 1728.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 52% Two or more races 23% Black 22% White 16% Asian 6%
• Hispanic origin (detail): Puerto Rican 6% Cuban 19% Dominican 3%
• Common ancestry: Hispanic 6% Romanian 1% Scotch-Irish 1%
• Foreign-born: 47% · Canada, Jamaica, Vietnam
• Languages at home: 40% English-only · Spanish 47% French/Haitian/Cajun 5% Other Indo-European 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: ▼ -2.01%
• Current HPI: 359.5973
• Rent YoY: ▼ -0.20%
• 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

+216.8% since first listed

17 events — show timeline

• 2026-03-21 Price Changed $129,900 Beaches MLS
• 2026-01-13 Listed $137,000 Beaches MLS
• 2025-12-31 Listing Removed — MARMLS
• 2025-05-14 Relisted — MARMLS
• 2025-05-14 Price Changed $145,200 MARMLS
• 2025-05-12 Listing Removed — MARMLS
• 2024-11-13 Listed $149,680 MARMLS
• 2016-12-29 Sold (MLS) $77,000 MARMLS
• 2016-10-11 Sold (Public Records) $77,000 Public Records
• 2016-08-10 Pending — MARMLS
• 2016-05-31 Price Changed $79,900 MARMLS
• 2016-04-20 Sold (Public Records) $44,500 Public Records
• 2016-02-29 Listed $85,000 MARMLS
• 2010-02-02 Sold (Public Records) $50,000 Public Records
• 2009-12-15 Sold (MLS) $50,000 MARMLS
• 2005-05-25 Sold (Public Records) $83,000 Public Records
• 1994-10-03 Sold (Public Records) $41,000 Public Records

Property tax history

+7.6%/yr

Latest (2025): $2,788 · -12.5% YoY. Source: county tax records.