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2603 NW 103rd Ave 🌊 Lakefront
C- Composite 53.73
Why this score? — see what drove the C- 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 +15.0/15.0
  • Cash flow +14.0/30.0
  • 1% rule +6.1/10.0
  • DSCR +4.5/10.0
  • Livability +4.2/5.0
  • Condition / age +3.8/5.0
  • Schools +3.6/10.0
  • Rent growth +2.7/5.0
  • Appreciation +0.0/10.0

$239,900

2603 NW 103rd Ave · Sunrise, FL 33322
2 bd · 2.0 ba · 1,370 sqft · Townhouse · 95 Days on market
55+ age-restricted Built 1989 Good condition $175/sqft · 27% below area Est $330k · 27% under · waterfront $685/mo HOA · 23% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to this spacious well maintained unit with nice tiles throughout. Enjoy the Resort style Massive 34,000 sq. ft. Clubhouse with a 1,000-seat theater and fitness center. Golf & Sports: Free private 9-hole golf course plus tennis, pickleball, and shuffleboard. Pools & Relaxation: Large heated main pool, hot tub, and multiple satellite pools. Social Hub: 5 regional clubhouses, card rooms, billiards, etc. .This is an active adult community where retirement is a pleasure. .

Key facts

  • $685 HOA
  • Parking
  • Community pool

Neighborhood map

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 townhouse listed at $240k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-12 ($-147/yr) — negative.
  • To cash-flow at today's rent, offer at most $238k (0.7% below list).
  • Meets the 1% rule at list price ($3k rent vs $240k).
  • Recommended offer: $218k (9.0% below list) — sets the bar for market timing.
  • Cap rate 6.2% vs local median 4.6% in Sunrise — 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 83/100 on livability (#56 in FL, #986 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, amenities 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.
  • Zoned schools: Nob Hill Elementary School (math 52% / reading 54%, grade C, #963 of 2,144 statewide, top 45%, 541 students, 57% FRL); Bair Middle School (math 23% / reading 38%, grade F, #465 of 571 statewide, top 82%, 766 students, 72% FRL); Piper High School (math 12% / reading 35%, grade F, #533 of 667 statewide, top 80%, 2,310 students, 65% FRL).
  • Market conditions: Rents flat; 831 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 39d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
  • At $2,950/mo this rent would consume 49% of the median local household income ($72k/yr) — 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 $7k 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 95 days — a 9% lower offer ($218k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 23% of rent.
Recommended offer $218,309 (9.0% 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 95 days. Have you received any prior offers? Is the seller open to a 9% 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  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 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
1.23% ✓
Cap rate
6.23%
Cash-on-cash
-0.22%
DSCR
0.99
GRM
6.8

CMA / ARV

ARV (median comp)
$330,000
List price
$239,900
Delta
-27.30%
Verdict
UNDERPRICED
Comps
7 within 3.0 mi
Show comp detail 3 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2925 NW 126th Ave Unit 428-1 1.98mi 2/2.0 1,174 (-14%) 2mo $330,000 $281 39
9803 NW 37th St 1.00mi 3/2.5 (+1) 1,519 (+11%) 1mo $370,000 $244 39
3610 NW 95th Ter 1.08mi 3/2.0 (+1) 1,195 (-13%) 1mo $195,000 $163 38

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 · 0.6% rent growth · sell at horizon

5-year hold
IRR
-20.3%
Equity multiple
0.31×
Total profit
$-46,149
Equity at exit
$35,770
10-year hold
IRR
-23.1%
Equity multiple
0.01×
Total profit
$-66,511
Equity at exit
$20,742

Cash invested: $67,172 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
82 active · 50 under contract
Months of supply
20.5 mo (5%/mo absorbed)
Median asking
$188,450 ($151/sqft)
Median days on market
141 d
This list price
73% of active listings are priced below it
ARV vs active asking
+59.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33322

Home prices YoY
-33.3%
Rents YoY
0.6%
Active inventory
831
Price-to-rent
6.8×

Monthly cashflow live

Estimated rent
$2,950 high interval (Pro) →
Mortgage (P&I)
−$1,258
Tax est. 1.5%
−$300 /mo · $3,598/yr
Insurance
−$100
HOA
−$685
Vacancy / Maint / Mgmt
−$620
Net cashflow
$-12

Break-even live

Break-even rent $2,966
Max offer price $238,122
Occupancy floor 95%

Sensitivity live

Price -10% $154 -5% $71 +0% $-12 +5% $-95 +10% $-178
Rent -10% $-245 -5% $-129 +0% $-12 +5% $104 +10% $221
Rate -1.0pp $109 -0.5pp $49 base $-12 +0.5pp $-74 +1.0pp $-138

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
$59,975
Closing costs
$7,197
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2654 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,500 $2.62 10d 1 0.23mi
2654 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,500 $2.62 15d 1 0.23mi
2566 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,600 $2.73 10d 1 0.24mi
10261 NW 24th Ct #1 Sunrise, FL 1.0 1.0 1555 $1,400 $0.90 10d 1 0.25mi
10261 NW 24th Ct #1 Sunrise, FL 1.0 1.0 1555 $1,400 $0.90 38d 1 0.25mi
2698 N Nob Hill Rd Sunrise, FL 2.0 2.0 1008 $2,275 $2.26 165d 1 0.25mi
2734 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,400 $2.52 165d 1 0.26mi
2734 N Nob Hill Rd Sunrise, FL 2.0 2.0 954 $2,500 $2.62 65d 1 0.26mi
2850 NW 105th Ln Sunrise, FL 3.0 2.0 1438 $3,400 $2.36 23d 1 0.28mi
10220 NW 30th Ct #212 Sunrise, FL 3.0 2.0 1810 $2,000 $1.10 10d 1 0.33mi
10220 NW 30th Ct #212 Sunrise, FL 3.0 2.0 1810 $2,000 $1.10 112d 1 0.33mi
2929 NW 99th Ter Sunrise, FL 2.0 2.0 1368 $2,600 $1.90 10d 1 0.35mi
2590 NW 98th Ave Sunrise, FL 2.0 2.0 1247 $3,000 $2.41 165d 1 0.37mi
2590 NW 98th Ave Sunrise, FL 2.0 2.0 1247 $3,000 $2.41 142d 1 0.37mi
2920 NW 99th Ter Sunrise, FL 3.0 2.5 1680 $4,800 $2.86 165d 1 0.38mi
2920 NW 99th Ter Sunrise, FL 3.0 2.5 1680 $4,800 $2.86 1d 1 0.38mi
2916 NW 99th Ter Sunrise, FL 3.0 2.0 1659 $3,000 $1.81 19d 1 0.38mi
2916 NW 99th Ter Sunrise, FL 3.0 2.0 1659 $3,000 $1.81 5d 1 0.38mi
2950 NW 106th Ave #7 Sunrise, FL 2.0 2.0 1006 $2,450 $2.44 86d 1 0.42mi
9740 NW 25th St Unit N/A Sunrise, FL 3.0 2.0 1495 $3,400 $2.27 10d 1 0.45mi
9740 NW 25th St Unit N/A Sunrise, FL 3.0 2.0 1495 $3,400 $2.27 99d 1 0.45mi
9740 NW 25th St Sunrise, FL 3.0 2.0 1495 $3,400 $2.27 78d 1 0.45mi
10740 NW 29th Mnr Sunrise, FL 3.0 2.0 1790 $3,900 $2.18 10d 1 0.48mi
10740 NW 29th Mnr Sunrise, FL 3.0 2.0 1790 $3,900 $2.18 20d 1 0.48mi
10740 NW 29th Mnr Sunrise, FL 3.0 2.0 1790 $3,900 $2.18 21d 1 0.48mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 1d 12 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 145d 9 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 3d 14 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 159d 6 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 142d 9 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,200 $2.47 94d 8 0.49mi
9999 Summerbreeze Dr Sunrise, FL 1.0–2.0 1.0–2.0 889 $2,140 $2.41 29d 12 0.49mi
9671 NW 25th Ct Sunrise, FL 2.0 2.0 1071 $3,200 $2.99 29d 1 0.51mi
9691 NW 24th St Sunrise, FL 3.0 2.0 1580 $3,230 $2.04 10d 1 0.52mi
3160 NW 101st Ave Sunrise, FL 3.0 2.0 1780 $4,000 $2.25 165d 1 0.53mi
10784 NW 23rd Ct Sunrise, FL 3.0 2.0 1430 $3,150 $2.20 153d 1 0.55mi
10758 NW 30th Pl Sunrise, FL 2.0 2.0 1074 $2,200 $2.05 158d 1 0.55mi
9650 NW 24th St Sunrise, FL 3.0 2.0 1542 $3,500 $2.27 148d 1 0.56mi
9650 NW 24th St Sunrise, FL 3.0 2.0 1542 $3,500 $2.27 165d 1 0.56mi
9970 NW 19th Pl Sunrise, FL 3.0 2.5 1727 $3,199 $1.85 10d 1 0.57mi

Property features AI

Finance

Other
Community amenities include clubhouse, fitness center, billiard and game rooms, indoor and heated outdoor pools, spa/hot tub, sauna, tennis and pickleball courts, shuffleboard, golf course, business center, library, lobby, community room, courtesy bus, maintained community, security, recreation facilities
HOA & community
Has association (SUNRISE LAKES PHASE 4)Monthly HOA feeHOA covers water, sewer, trash, pest control, security, common areas, golf, reserve funds, roof repairs, pool and recreation facility service, maintenance

Exterior

Parking
Assigned parking plus guest parking (1 open space total)
Security
Security guardKey card entry
Utilities
Public waterPublic sewerWater connected
Home design
CondominiumResale conditionBuilding has 4 storiesFaces east
Construction
CBS constructionTile roof
Exterior features
Waterfront propertyHeated spa / hot tub

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigerator
Bedrooms
2 bedrooms on the main level
Flooring
Tile
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Central heatingCentral air conditioning
Interior features
Walk-in closetsSplit bedroom layoutFurnished
Laundry & utility
In-unit laundry room

HOA detail $685/mo · $8,220/yr

Likely covers
poolgym

Listing history 50 events

  1. 2026-09-16
    days on market $239,900 Active 95 DOM
  2. 2026-09-15
    days on market $239,900 Active 94 DOM
  3. 2026-09-14
    days on market $239,900 Active 93 DOM
  4. 2026-09-13
    days on market $239,900 Active 92 DOM
  5. 2026-09-12
    days on market $239,900 Active 91 DOM
  6. 2026-09-11
    days on market $239,900 Active 90 DOM
  7. 2026-09-05
    days on market $239,900 Active 84 DOM
  8. 2026-09-04
    days on market $239,900 Active 83 DOM
  9. 2026-09-03
    days on market $239,900 Active 82 DOM
  10. 2026-08-31
    days on market $239,900 Active 79 DOM
  11. 2026-08-29
    days on market $239,900 Active 77 DOM
  12. 2026-08-28
    days on market $239,900 Active 76 DOM
  13. 2026-08-27
    days on market $239,900 Active 75 DOM
  14. 2026-08-25
    days on market $239,900 Active 73 DOM
  15. 2026-08-24
    days on market $239,900 Active 72 DOM
  16. 2026-08-23
    days on market $239,900 Active 71 DOM
  17. 2026-08-22
    days on market $239,900 Active 70 DOM
  18. 2026-08-21
    days on market $239,900 Active 69 DOM
  19. 2026-08-20
    days on market $239,900 Active 68 DOM
  20. 2026-08-19
    days on market $239,900 Active 67 DOM
  21. 2026-08-18
    days on market $239,900 Active 66 DOM
  22. 2026-08-17
    days on market $239,900 Active 65 DOM
  23. 2026-08-16
    days on market $239,900 Active 64 DOM
  24. 2026-08-15
    days on market $239,900 Active 63 DOM
  25. 2026-08-14
    days on market $239,900 Active 62 DOM
  26. 2026-08-13
    days on market $239,900 Active 61 DOM
  27. 2026-08-12
    days on market $239,900 Active 60 DOM
  28. 2026-08-11
    days on market $239,900 Active 59 DOM
  29. 2026-08-10
    days on market $239,900 Active 58 DOM
  30. 2026-08-09
    days on market $239,900 Active 57 DOM
  31. 2026-08-08
    days on market $239,900 Active 56 DOM
  32. 2026-08-06
    days on market $239,900 Active 54 DOM
  33. 2026-08-05
    days on market $239,900 Active 53 DOM
  34. 2026-08-03
    days on market $239,900 Active 51 DOM
  35. 2026-07-31
    days on market $239,900 Active 48 DOM
  36. 2026-07-28
    days on market $239,900 Active 45 DOM
  37. 2026-07-26
    days on market $239,900 Active 43 DOM
  38. 2026-07-24
    days on market $239,900 Active 41 DOM
  39. 2026-07-23
    days on market $239,900 Active 40 DOM
  40. 2026-07-22
    days on market $239,900 Active 39 DOM
  41. 2026-07-21
    days on market $239,900 Active 38 DOM
  42. 2026-07-20
    days on market $239,900 Active 37 DOM
  43. 2026-07-18
    days on market $239,900 Active 34 DOM
  44. 2026-07-16
    days on market $239,900 Active 33 DOM
  45. 2026-07-15
    days on market $239,900 Active 32 DOM
  46. 2026-07-14
    days on market $239,900 Active 31 DOM
  47. 2026-07-13
    days on market $239,900 Active 30 DOM
  48. 2026-07-13
    days on market $239,900 Active 29 DOM
  49. 2026-07-11
    days on market $239,900 Active 28 DOM
  50. 2026-07-10
    days on market $239,900 Active 27 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$35,402
− Mortgage interest
−$13,438
− Property taxes
−$3,598
− Insurance
−$1,200
− Repairs & maintenance
−$2,832
− Management
−$2,832
− HOA
−$8,220
− Depreciation
−$6,979
Taxable loss
−$3,698
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$887
After-tax cash flow
$740/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 · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $6,850–$20,550 screening

This well-maintained townhouse is in good condition with a good ROI potential for both resale and rental.

Value-add opportunities

  • Both Paint the exterior — Enhances curb appeal and resale value ↑
  • Both Replace the light fixtures — Improves aesthetics and energy efficiency ↑
  • Both Install new flooring in bathrooms — Enhances resale and rental value ↑

ⓘ 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 36/100

Zoned Schools

Elementary Nob Hill Elementary School C FL #963/2,144 Nat'l #10,986/41,679 Middle Bair Middle School F FL #465/571 Nat'l #8,750/14,009 High Piper High School F FL #533/667 Nat'l #13,485/17,239

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 83/100

Livability — Sunrise

Score
83/100
State rank
#56
US rank
#986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sunrise, FL
County
Broward County · 2,207,033 people
City population
77,492
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
41,128
Household income
$71,755
Rent vs Own
17.9% rent · 82.1% own
Severe rent burden
13% 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
Highly diverse neighborhood (Simpson 0.72)
Race & ethnicity
Hispanic / Latino 35% White 32% Black 24% Two or more races 22% Asian 4%
Hispanic origin (detail)
Puerto Rican 5% Cuban 6% Dominican 2% Salvadoran 1%
Languages at home
58% English-only · Spanish 30% French/Haitian/Cajun 6% Other Indo-European 1%

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
—

Price history

1 event — show timeline
  • 2026-06-13 Listed $239,900 Beaches MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…