2555 NW 124th Ave · Coral Springs, FL 33065

$5,000

4 bd · 3.0 ba · 2,752 sqft · SingleFamily public records · 5 Days on market

Built 2002

---

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
• Schools +4.1/10.0
• Livability +4.0/5.0
• Cash flow +3.6/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends May 28, 2026 at 10:00 AM EST. Discover this inviting 4-bedroom, 3-bathroom single-family home, offering a great opportunity in the desirable Coral Springs area. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• Garage
• Built 2002
• Listed 5 days

Property features AI

Exterior

• Parking: 1-car garage
• Home design: Residential property; 2 stories
• Exterior features: Zoning RS-6

Interior

• Bathrooms: 3 full bathrooms
• Interior features: Directions: From Sawgrass Expy, go north on Coral Ridge Dr to NW 124th Ave.

🔨 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 $946,688 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-3k ($-34k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $5k).
• Cap rate 2.7% vs local median 3.6% in Coral Springs — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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.
• Market conditions: Rents soft (-0.0%/yr); 370 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $4,698/mo this rent would consume 76% of the median local household income ($74k/yr) (locally 3488% 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 $7k of loan paydown is wiped out by about $28k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 284.0% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→24/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 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?
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. 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.
7. 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.
8. 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: 0.50% ✗
• Cap rate: 2.70%
• Cash-on-cash: -12.82%
• DSCR: 0.43
• GRM: 16.8

CMA / ARV

• ARV (on-the-fly): $946,688
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12422 Classic Dr	0.42mi	5/3.5 (+1)	3,022 (+10%)	2mo	$990,000	$328	55
11933 Classic Dr	0.59mi	5/3.5 (+1)	2,690 (-2%)	12mo	$925,000	$344	52

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: -43.4%
• Equity multiple: -0.31×
• Total profit: $-347,414
• Equity at exit: $141,154

10-year hold

• IRR: -96.7%
• Equity multiple: -1.22×
• Total profit: $-587,623
• Equity at exit: $81,852

Cash invested: $265,073 (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 33065

• Home prices YoY: -22.0%
• Rents YoY: -0.0%
• Active inventory: 370
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $4,698 high
• Mortgage (P&I): −$4,965
• Tax est. 1.5%: −$1,183 /mo · $14,200/yr
• Insurance: −$394
• HOA: −$0
• Vacancy / Maint / Mgmt: −$987
• Net cashflow: $-2,831

Break-even live

Break-even rent $8,281

Max offer price $537,024

Occupancy floor —

Sensitivity live

Price	-10% $-2,177	-5% $-2,504	+0% $-2,831	+5% $-3,158	+10% $-3,485
Rent	-10% $-3,202	-5% $-3,017	+0% $-2,831	+5% $-2,646	+10% $-2,460
Rate	-1.0pp $-2,354	-0.5pp $-2,590	base $-2,831	+0.5pp $-3,076	+1.0pp $-3,326

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: $236,672
• Closing costs: $28,401
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11799 NW 26th St Coral Springs, FL	3.0	2.0	2766	$3,505	$1.27	18d	1	0.58mi
2403 NW 118th Ter Coral Springs, FL	4.0	3.0	2320	$4,450	$1.92	9d	1	0.66mi
3105 NW 118th Dr Unit 3113 Coral Springs, FL	3.0	2.5	2115	$2,894	$1.37	25d	1	0.72mi
2700 NW 112th Ave Coral Springs, FL	4.0	2.0	2146	$4,900	$2.28	25d	1	0.87mi
12721 NW 15th St Coral Springs, FL	4.0	3.5	3836	$8,000	$2.09	25d	1	0.97mi
11190 NW 26th Dr Coral Springs, FL	4.0	2.0	2630	$7,750	$2.95	22d	1	1.13mi
12020 Glenmore Dr Coral Springs, FL	4.0	2.0	2535	$3,920	$1.55	18d	1	1.22mi
12123 NW 10th Mnr Coral Springs, FL	5.0	3.0	2707	$6,500	$2.40	13d	1	1.30mi
12123 NW 10th Mnr Coral Springs, FL	5.0	3.0	2707	$6,500	$2.40	18d	1	1.30mi
11461 NW 39th St Coral Springs, FL	4.0	3.0	1999	$4,700	$2.35	25d	1	1.40mi
2701 NW 107th Ave Coral Springs, FL	3.0	2.5	1956	$5,000	$2.56	6d	1	1.43mi
2701 NW 107th Ave Coral Springs, FL	3.0	2.5	1956	$5,000	$2.56	25d	1	1.43mi
1359 NW 112th Ter Coral Springs, FL	4.0	2.0	2236	$4,600	$2.06	22d	1	1.49mi

Listing history 6 events

1. 2026-05-21
   listed $5,000 Active
2. 2022-04-25
   soldstatus $577,900
3. 2019-02-01
   soldstatus $475,000
4. 2012-10-29
   soldstatus $265,000
5. 1998-11-10
   soldstatus $3,081,000
6. 1996-08-14
   soldstatus $4,000,000

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 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: $56,373
• − Mortgage interest: −$53,029
• − Property taxes: −$14,200
• − Insurance: −$4,733
• − Repairs & maintenance: −$4,510
• − Management: −$4,510
• − Depreciation: −$27,540
• Taxable loss: −$52,149
• Est. tax savings @ 24.0%: +$12,516
• After-tax cash flow: $-21,457/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): 58,916
• Household income: $74,226
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 3488.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Hispanic / Latino 33% White 30% Black 28% Two or more races 21% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 9% Romanian 2% Estonian 1%
• Foreign-born: 35% · Canada, Jamaica, China
• Languages at home: 61% English-only · Spanish 26% French/Haitian/Cajun 8% Other Indo-European 3%

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: ▼ -113.43%
• Current HPI: 402.3476
• Rent YoY: ▬ -0.03%
• 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

-99.9% since first listed

6 events — show timeline

• 2026-05-21 Listed $5,000 NFMLS
• 2022-04-25 Sold (Public Records) $577,900 Public Records
• 2019-02-01 Sold (Public Records) $475,000 Public Records
• 2012-10-29 Sold (Public Records) $265,000 Public Records
• 1998-11-10 Sold (Public Records) $3,081,000 Public Records
• 1996-08-14 Sold (Public Records) $4,000,000 Public Records

Property tax history

+7.8%/yr

Latest (2025): $14,930 · +2.6% YoY. Source: county tax records.