231 NW 53rd Ct · Deerfield Beach, FL 33064

$288,000

2 bd · 2.0 ba · 1,654 sqft · Manufactured public records · 193 Days on market

Built 1981 6,134 sqft lot $128/mo HOA · 5% 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).

• Cash flow +13.1/30.0
• ARV discount +7.5/15.0
• 1% rule +4.4/10.0
• Schools +4.1/10.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

!!! You own the deeded land with the house furnished and turnkey, call now !!! FINANCING AVAILABLE, GET PRE-APPROVED Super low HOA. This beautifully maintained 2-bed, 2-bath furnished and turnkey home in Highland Meadows Estates is ready for you to move right in! Featuring upgraded tile and wood flooring, an updated kitchen and bathrooms, and an oversized lot with room to relax, this property offers exceptional value. On a oversize lot of 104'X 83X'32'X108' enjoy the two covered patios--front and back--a bright sunroom with multiple windows, a BBQ area, clothing line, and a rare oversized garage. This home combines comfort, space, and convenience in one of Deerfield Beach's most desirable

Key facts

• Two covered patios
• Bbq area
• Oversized lot

Tags

• UPDATED KITCHEN AND BATHROOMS
• OVERSIZED LOT
• TWO COVERED PATIOS
• BRIGHT SUNROOM
• BBQ AREA
• RARE OVERSIZED GARAGE

Property features AI

Finance

• Financial info: Pets allowed with possible restrictions (breed, number, size)
• HOA & community: Homeowners association with monthly fee; Association amenities include clubhouse, pool, tennis courts, shuffleboard court, dog park, picnic area, and on-site manager; HOA fee paid monthly

Exterior

• Parking: Attached carport; Garage; One garage space; One carport space; Two additional covered parking spaces; Two open parking spaces
• Security: Smoke detectors; Window bars; Gated community (no guard)
• Utilities: Public water and well available; Public sewer; Three-phase electric; Cable available; Water and sewer available
• Home design: Manufactured home (modular); Single-story; Faces south; Resale condition; Road frontage west of US-1
• Construction: Metal siding and vinyl siding; Manufactured roof / roof over; Slab foundation; Skirt: other; Mobile dimensions approximately 56' x 24'
• Exterior features: Covered patio and open porch; Patio and porch; Shed(s); Cul-de-sac lot

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: One main-level bedroom
• Flooring: Wood flooring
• Bathrooms: Two full bathrooms (one on the main level)
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Walk-in closets; Bedroom layout with stacked arrangement; Blinds and drapes; Furnished
• Laundry & utility: Laundry closet located inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $288k.

Deal economics

• At list price, monthly cash flow is $-13 ($-153/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (0.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $270k (6.1% below list).
• Recommended offer: $253k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 4.1% in Deerfield Beach — 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 75/100 on livability (#250 in FL, #3,970 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: amenities D-, employment 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: Park Ridge Elementary School (math 26% / reading 24%, grade F, #2,030 of 2,144 statewide, top 95%, 577 students, 79% FRL); Lyons Creek Middle School (math 49% / reading 53%, grade C, #237 of 571 statewide, top 43%, 1,757 students, 60% FRL); Deerfield Beach High School (math 12% / reading 37%, grade F, #505 of 667 statewide, top 79%, 2,251 students, 69% FRL) — zoned schools average 69% FRL vs 51% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 48% district-wide (-14 pts) — the specific schools serving this property underperform the Broward average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 595 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $2,705/mo this rent would consume 46% of the median local household income ($71k/yr) (locally 2907% 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 $2k of loan paydown is wiped out by about $9k 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 193 days — a 12% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $155k; list at $288k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $253,440 (12.0% 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 193 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.94% ✗
• Cap rate: 6.24%
• Cash-on-cash: -0.19%
• DSCR: 0.99
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.75% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.37×
• Total profit: $-50,702
• Equity at exit: $42,942

10-year hold

• IRR: -13.1%
• Equity multiple: 0.28×
• Total profit: $-58,079
• Equity at exit: $24,901

Cash invested: $80,640 (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 33064

• Home prices YoY: -18.7%
• Rents YoY: 1.8%
• Active inventory: 595
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,705 high
• Mortgage (P&I): −$1,510
• Tax from tax record: −$391 /mo · $4,694/yr
• Insurance: −$120
• HOA: −$128
• Vacancy / Maint / Mgmt: −$568
• Net cashflow: $-13

Break-even live

Break-even rent $2,721

Max offer price $285,747

Occupancy floor 95%

Sensitivity live

Price	-10% $150	-5% $69	+0% $-13	+5% $-94	+10% $-176
Rent	-10% $-226	-5% $-120	+0% $-13	+5% $94	+10% $201
Rate	-1.0pp $132	-0.5pp $60	base $-13	+0.5pp $-87	+1.0pp $-163

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: $72,000
• Closing costs: $8,640
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1929 SW 15th St #41 Deerfield Beach, FL	2.0	2.0	1150	$2,400	$2.09	26d	1	0.27mi
2067 SW 15th St Deerfield Beach, FL	2.0	2.0	1150	$2,300	$2.00	22d	2	0.40mi
1234 S Military Trl #1811 Deerfield Beach, FL	2.0	2.0	1099	$2,500	$2.27	26d	1	0.41mi
1100 S Military Trl Deerfield Beach, FL	2.0–3.0	1.0–2.0	1119	$2,250	$2.01	26d	2	0.44mi
2297 SW 15th St #122 Deerfield Beach, FL	2.0	2.0	1200	$2,200	$1.83	14d	1	0.46mi
1266 S Military Trl Deerfield Beach, FL	1.0–2.0	1.0–2.0	1050	$2,550	$2.43	24d	2	0.48mi
2265 SW 15th St #165 Deerfield Beach, FL	3.0	2.0	1350	$2,400	$1.78	26d	1	0.51mi
1947 Discovery Cir E Deerfield Beach, FL	2.0	2.0	1126	$2,450	$2.18	26d	1	0.52mi
4905 NE 2nd Way Pompano Beach, FL	2.0	1.0	1100	$2,150	$1.95	26d	1	0.53mi
2355 SW 15th St Deerfield Beach, FL	2.0	2.0	1100	$2,098	$1.91	26d	2	0.59mi
2246 Discovery Cir W Deerfield Beach, FL	2.0	2.5	1300	$2,650	$2.04	26d	1	0.59mi
2217 Discovery Cir W Deerfield Beach, FL	2.0	2.5	1429	$2,400	$1.68	17d	1	0.63mi
2149 Discovery Cir W Unit 1 Deerfield Beach, FL	2.0	2.5	1300	$2,850	$2.19	24d	1	0.64mi
1398 SW 24th Ter Deerfield Beach, FL	3.0	2.0	1865	$5,000	$2.68	26d	1	0.66mi
831 SW 14th Ct Deerfield Beach, FL	3.0	2.0	1056	$2,850	$2.70	26d	1	0.67mi
2173 Discovery Cir W Deerfield Beach, FL	2.0	2.0	1126	$2,950	$2.62	4d	1	0.69mi
265 NE 46th St Deerfield Beach, FL	2.0	1.0	1335	$2,250	$1.69	19d	1	0.71mi
378 NE 47th Pl #378 Pompano Beach, FL	3.0	2.5	1457	$3,000	$2.06	26d	1	0.74mi
4503 NW 6th Ave Deerfield Beach, FL	3.0	2.0	1148	$2,850	$2.48	26d	1	0.74mi
562 Parsons Way Deerfield Beach, FL	3.0	2.5	1888	$4,400	$2.33	12d	1	0.80mi
550 Parsons Way Deerfield Beach, FL	3.0	2.5	1883	$4,100	$2.18	18d	1	0.83mi
550 Parsons Way Deerfield Beach, FL	3.0	2.5	1883	$4,100	$2.18	17d	1	0.83mi
5161 NW 11th Ln Deerfield Beach, FL	3.0	2.0	1486	$2,925	$1.97	26d	1	0.83mi
5140 NW 11th Dr Deerfield Beach, FL	3.0	2.0	1324	$3,000	$2.27	16d	1	0.85mi
220 NW 43rd Ct Deerfield Beach, FL	3.0	2.0	1458	$2,700	$1.85	17d	1	0.86mi
220 NW 43rd St Deerfield Beach, FL	3.0	2.0	1458	$2,800	$1.92	26d	1	0.91mi
4332 NW 1st Ter Deerfield Beach, FL	3.0	2.0	1095	$3,000	$2.74	26d	1	0.91mi
4332 NW 1st Ter Deerfield Beach, FL	3.0	2.0	1095	$3,000	$2.74	7d	1	0.91mi
1361 SW 26th Ave Deerfield Beach, FL	3.0	2.0	1932	$3,850	$1.99	18d	1	0.91mi
2776 SW 15th St Deerfield Beach, FL	2.0	2.5	1236	$2,900	$2.35	26d	1	0.92mi
4313 NW 6th Ave Deerfield Beach, FL	3.0	2.0	1348	$2,850	$2.11	24d	1	0.92mi
1851 Sandpiper Pointe Pl Deerfield Beach, FL	3.0	2.5	1888	$3,750	$1.99	26d	1	0.93mi
1851 Sandpiper Pointe Pl Unit 1851 Deerfield Beach, FL	3.0	2.5	1888	$3,750	$1.99	16d	1	0.93mi
540 NW 43rd St Deerfield Beach, FL	2.0	2.0	1150	$2,500	$2.17	20d	1	0.96mi
2826 SW 12th St Deerfield Beach, FL	2.0	2.5	1236	$2,600	$2.10	6d	1	1.00mi
920 Rich Dr Deerfield Beach, FL	1.0–2.0	1.0–2.0	1068	$1,900	$1.78	26d	4	1.03mi
521 SW 11th Dr Deerfield Beach, FL	3.0	2.0	1298	$2,950	$2.27	24d	1	1.03mi
941 NE 50th St Deerfield Beach, FL	3.0	2.0	1105	$2,850	$2.58	26d	1	1.04mi
4314 NW 9th Ave Deerfield Beach, FL	1.0–2.0	1.5–2.0	992	$1,940	$1.95	17d	2	1.04mi
4344 NW 9th Ave Unit 10-2B Pompano Beach, FL	2.0	2.0	1290	$1,730	$1.34	26d	1	1.04mi

HOA detail

• Monthly dues: $128 · $1,536/yr

Listing history 20 events

1. 2026-06-21
   days on market $288,000 Active 193 DOM
2. 2026-06-18
   days on market $288,000 Active 190 DOM
3. 2026-06-17
   days on market $288,000 Active 189 DOM
4. 2026-06-16
   days on market $288,000 Active 188 DOM
5. 2026-06-15
   days on market $288,000 Active 187 DOM
6. 2026-06-13
   days on market $288,000 Active 185 DOM
7. 2026-06-09
   days on market $288,000 Active 181 DOM
8. 2026-06-07
   days on market $288,000 Active 179 DOM
9. 2026-06-04
   days on market $288,000 Active 176 DOM
10. 2026-06-03
    days on market $288,000 Active 175 DOM
11. 2026-06-02
    days on market $288,000 Active 174 DOM
12. 2026-06-01
    days on market $288,000 Active 173 DOM
13. 2026-05-31
    days on market $288,000 Active 172 DOM
14. 2026-02-25
    price $288,000
15. 2026-02-06
    price $289,000
16. 2025-12-10
    listed $299,999 Active
17. 2006-03-30
    soldstatus $155,000
18. 2004-01-29
    soldstatus $95,000
19. 1991-03-25
    soldstatus $38,000
20. 1980-10-01
    soldstatus $20,000

ⓘ 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: $4,694 · $391/mo
• Projected year-2 tax: $4,694 · $391/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 9/10 Extreme 6 d/yr ≥107°F today · 21 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,457
• − Mortgage interest: −$16,132
• − Property taxes: −$4,694
• − Insurance: −$1,440
• − Repairs & maintenance: −$2,597
• − Management: −$2,597
• − HOA: −$1,536
• − Depreciation: −$8,378
• Taxable loss: −$4,917
• Est. tax savings @ 24.0%: +$1,180
• After-tax cash flow: $1,027/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 — Deerfield Beach

• Score: 75/100
• State rank: #250
• US rank: #3970

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deerfield Beach, FL
• County: Broward County · 1,963,430 people
• City population: 61,449
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 64,563
• Household income: $71,301
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 2907.0

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 0.75)
• Race & ethnicity: White 34% Hispanic / Latino 27% Black 25% Two or more races 24% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 13% Estonian 10% Romanian 1%
• Foreign-born: 43% · Canada, Jamaica, Dominican Republic
• Languages at home: 45% English-only · Spanish 23% French/Haitian/Cajun 16% Other Indo-European 13%

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: ▼ -109.09%
• Current HPI: 474.7007
• Rent YoY: ▲ 1.75%
• 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

+1340.0% since first listed

7 events — show timeline

• 2026-02-25 Price Changed $288,000 Beaches MLS
• 2026-02-06 Price Changed $289,000 Beaches MLS
• 2025-12-10 Listed $299,999 Beaches MLS
• 2006-03-30 Sold (Public Records) $155,000 Public Records
• 2004-01-29 Sold (Public Records) $95,000 Public Records
• 1991-03-25 Sold (Public Records) $38,000 Public Records
• 1980-10-01 Sold (Public Records) $20,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $4,694 · +11.3% YoY. Source: county tax records.