6000 NE 22nd Way Unit 7D · Fort Lauderdale, FL 33308

$177,000

1 bd · 1.0 ba · 768 sqft · Condo public records · 60 Days on market

Built 1976 $603/mo HOA · 19% 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
• Schools +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

TOTALLY UPGRADED NEW CARPET NEW VANITY TOP DISHWASHER SHOWER DOOR KITCHEN DINNING AREA HALL NEW SINK DISPOSAL.

Key facts

• New elevators
• Meeting room
• Pool

Tags

• PRIVATE TOP-FLOOR BALCONY
• IMPACT-RESISTANT DOORS
• NEW ELEVATORS
• POOL
• BIKE STORAGE
• MEETING ROOM

Property features AI

Finance

• Other: 54 units in community; Pets: conditional; restrictions or possible restrictions
• Financial info: Association fee amount: $603 monthly
• HOA & community: Monthly association fee; Association amenities: laundry, storage, vehicle wash area, elevators; Association fee covers: management, common areas, electricity, insurance, laundry, legal/accounting, grounds maintenance, structure maintenance, parking, pool(s), reserves, roof, sewer, trash, water

Exterior

• Parking: One covered space; 1-car garage
• Security: Closed-circuit cameras; Intercom; Lobby secured; Phone entry; Smoke detectors
• Utilities: Electric power; Public water; Public sewer
• Home design: Condo/attached property; 7-story building; Entry on 7th floor
• Construction: Block construction; Effective year built
• Exterior features: Balcony (open); Security/high-impact doors

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Garbage disposal; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Impact glass windows; First floor entry; Elevator
• 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 $177k.

Deal economics

• At list price, monthly cash flow is $784 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $177k).
• Recommended offer: $172k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 2.2% 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.
• Market conditions: Rents rising (+3.6%/yr); 746 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• This rent runs 40% 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 ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 24y ago; this cycle's ask has dropped $22k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $105k; list at $177k implies a 69% gain — meaningful room to come down on a strong offer.

Recommended offer $171,690 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.75% ✓
• Cap rate: 11.61%
• Cash-on-cash: 18.97%
• DSCR: 1.84
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.63% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.47×
• Total profit: $23,515
• Equity at exit: $26,391

10-year hold

• IRR: 21.5%
• Equity multiple: 2.90×
• Total profit: $94,229
• Equity at exit: $15,304

Cash invested: $49,560 (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 33308

• Rents YoY: 3.6%
• Active inventory: 746
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $3,095 high
• Mortgage (P&I): −$928
• Tax from tax record: −$57 /mo · $683/yr
• Insurance: −$74
• HOA: −$603
• Vacancy / Maint / Mgmt: −$650
• Net cashflow: $784

Break-even live

Break-even rent $2,104

Max offer price $177,000

Occupancy floor 70%

Sensitivity live

Price	-10% $884	-5% $834	+0% $784	+5% $733	+10% $683
Rent	-10% $539	-5% $661	+0% $784	+5% $906	+10% $1,028
Rate	-1.0pp $873	-0.5pp $829	base $784	+0.5pp $738	+1.0pp $691

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: $44,250
• Closing costs: $5,310
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2400 NE 65th St Fort Lauderdale, FL	1.0–3.0	1.0–2.0	1103	$2,282	$2.07	0d	15	0.37mi
1631 S Federal Hwy Pompano Beach, FL	1.0–3.0	1.0–2.0	1092	$2,268	$2.08	0d	16	0.50mi
3333 Port Royale Dr S Fort Lauderdale, FL	3.0	1.0–2.0	857	$2,776	$3.24	0d	43	0.82mi
5100 N Ocean Blvd #502 Lauderdale by the Sea, FL	1.0	1.5	1080	$3,400	$3.15	25d	1	0.96mi
5000 N Ocean Blvd #506 Lauderdale by the Sea, FL	1.0	1.5	1080	$3,900	$3.61	25d	1	0.99mi
4512 Sea Grape Dr Unit 1 Lauderdale-By-The-Sea, FL	1.0	1.0	853	$3,500	$4.10	25d	1	0.99mi
4900 N Ocean Blvd #1601 Lauderdale by the Sea, FL	1.0	1.5	1000	$4,000	$4.00	25d	1	0.99mi
4900 N Ocean Blvd #1209 Lauderdale by the Sea, FL	1.0	2.0	960	$4,100	$4.27	16d	1	0.99mi
6000 N Ocean Blvd Unit 1D Lauderdale by the Sea, FL	2.0	2.0	904	$3,200	$3.54	23d	1	0.99mi
6000 N Ocean Blvd Lauderdale by the Sea, FL	2.0	2.0	904	$3,350	$3.71	0d	2	1.02mi
2000 S Ocean Blvd Pompano Beach, FL	1.0–2.0	1.5–2.0	1070	$3,400	$3.18	21d	3	1.03mi
2000 S Ocean Blvd Pompano Beach, FL	1.0–2.0	1.5–2.0	1070	$3,200	$2.99	17d	4	1.03mi
2000 S Ocean Blvd Pompano Beach, FL	1.0–2.0	1.5–2.0	1000	$3,200	$3.20	3d	3	1.03mi
4800 Bayview Dr #303 Fort Lauderdale, FL	2.0	2.0	1032	$3,500	$3.39	25d	1	1.03mi
1900 S Ocean Blvd Pompano Beach, FL	2.0	2.0	1165	$3,750	$3.22	21d	3	1.03mi
1900 S Ocean Blvd Pompano Beach, FL	2.0	2.0	1165	$3,800	$3.26	8d	2	1.03mi
160 SE 12th St Pompano Beach, FL	2.0	2.0	950	$5,390	$5.67	25d	1	1.05mi
4564 El Mar Dr #4 Lauderdale by the Sea, FL	1.0	1.0	566	$3,500	$6.18	18d	1	1.10mi
1541 S Ocean Blvd Pompano Beach, FL	1.0	1.5	850	$3,575	$4.21	25d	2	1.10mi
1750 S Ocean Blvd Unit 509E Pompano Beach, FL	2.0	2.0	945	$4,200	$4.44	25d	1	1.12mi
1501 S Ocean Blvd #307 Pompano Beach, FL	2.0	2.0	1000	$3,750	$3.75	25d	1	1.14mi
1620 S Ocean Blvd Unit 5M Pompano Beach, FL	1.0	2.0	1116	$5,000	$4.48	25d	1	1.17mi
1461 S Ocean Blvd Pompano Beach, FL	2.0	2.0	920	$3,525	$3.83	6d	2	1.23mi
801 S Federal Hwy #21 Pompano Beach, FL	2.0	2.0	1070	$3,100	$2.90	4d	1	1.24mi
1500 S Ocean Blvd #508 Pompano Beach, FL	2.0	2.0	1070	$3,200	$2.99	3d	1	1.24mi
1500 S Ocean Blvd Pompano Beach, FL	2.0	1.5–2.0	985	$4,000	$4.06	16d	2	1.27mi
1421 S Ocean Blvd #503 Pompano Beach, FL	2.0	2.0	1100	$3,750	$3.41	25d	1	1.34mi
1156 SW 4th Ave Pompano Beach, FL	2.0	1.0	945	$3,300	$3.49	6d	1	1.38mi
777 S Federal Hwy Pompano Beach, FL	2.0	2.0	1166	$2,825	$2.42	4d	3	1.41mi
777 S Federal Hwy Pompano Beach, FL	1.0–2.0	1.0–2.0	947	$1,690	$1.78	16d	6	1.41mi
777 S Federal Hwy Pompano Beach, FL	1.0–2.0	1.0–2.0	947	$1,700	$1.79	25d	6	1.41mi
4144 El Mar Dr Unit 1 Lauderdale-By-The-Sea, FL	2.0	2.0	1116	$3,250	$2.91	25d	1	1.49mi

HOA detail condo

• Monthly dues: $603 · $7,236/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-21
   days on market $177,000 Active 60 DOM
2. 2026-06-18
   days on market $177,000 Active 57 DOM
3. 2026-06-17
   days on market $177,000 Active 56 DOM
4. 2026-06-16
   days on market $177,000 Active 55 DOM
5. 2026-06-15
   days on market $177,000 Active 54 DOM
6. 2026-06-13
   days on market $177,000 Active 52 DOM
7. 2026-06-09
   days on market $177,000 Active 48 DOM
8. 2026-06-08
   days on market $177,000 Active 47 DOM
9. 2026-06-07
   days on market $177,000 Active 46 DOM
10. 2026-06-04
    days on market $177,000 Active 43 DOM
11. 2026-06-03
    days on market $177,000 Active 42 DOM
12. 2026-06-02
    days on market $177,000 Active 41 DOM
13. 2026-06-02
    price $177,000 Active 40 DOM
14. 2026-06-01
    days on market $187,000 Active 40 DOM
15. 2026-05-31
    days on market $187,000 Active 39 DOM
16. 2026-05-04
    price $187,000
17. 2026-04-22
    listed $199,000 Active
18. 2004-04-27
    soldstatus $105,000
19. 2003-02-05
    soldstatus $78,000
20. 2003-01-10
    soldstatus $78,000 110-char remark

    Show marketing remark (110 chars)

    TOTALLY UPGRADED NEW CARPET NEW VANITY TOP DISHWASHER SHOWER DOOR KITCHEN DINNING AREA HALL NEW SINK DISPOSAL.

21. 2002-11-20
    historical 110-char remark

    Show marketing remark (110 chars)

    TOTALLY UPGRADED NEW CARPET NEW VANITY TOP DISHWASHER SHOWER DOOR KITCHEN DINNING AREA HALL NEW SINK DISPOSAL.

22. 2002-10-12
    listed $84,900 110-char remark

    Show marketing remark (110 chars)

    TOTALLY UPGRADED NEW CARPET NEW VANITY TOP DISHWASHER SHOWER DOOR KITCHEN DINNING AREA HALL NEW SINK DISPOSAL.

23. 1999-06-16
    soldstatus $44,500
24. 1977-09-01
    soldstatus $31,000

ⓘ 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: $683 · $57/mo
• Projected year-2 tax: $1,469 · $122/mo
• Expected delta: +$786/yr (+$66/mo · 115.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $37,145
• − Mortgage interest: −$9,915
• − Property taxes: −$683
• − Insurance: −$885
• − Repairs & maintenance: −$2,972
• − Management: −$2,972
• − HOA: −$7,236
• − Depreciation: −$5,149
• Taxable income: $7,335
• Est. tax owed @ 24.0%: −$1,760
• After-tax cash flow: $7,642/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 — 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 · 1,963,430 people
• City population: 235,769
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 27,935
• Household income: $93,879
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 912.0

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: 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%
• Common ancestry: Romanian 4% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 24% · Canada, Jamaica, Dominican Republic
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+503.2% since first listed

9 events — show timeline

• 2026-05-04 Price Changed $187,000 MARMLS
• 2026-04-22 Listed $199,000 MARMLS
• 2004-04-27 Sold (Public Records) $105,000 Public Records
• 2003-02-05 Sold (Public Records) $78,000 Public Records
• 2003-01-10 Sold (MLS) $78,000 Beaches MLS
• 2002-11-20 Listing Removed — Beaches MLS
• 2002-10-12 Listed $84,900 Beaches MLS
• 1999-06-16 Sold (Public Records) $44,500 Public Records
• 1977-09-01 Sold (Public Records) $31,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $683 · +16.1% YoY. Source: county tax records.