Property Overview

• List Price: $249,900
• Full Address: 105 NW 28th Way, Fort Lauderdale, FL 33311
• Property Status: Active
• Property Type: Single-Family Home
• Bedrooms: 2
• Bathrooms: 2
• City: Fort Lauderdale
• State: Florida
• Zipcode: 33311
• Country: USA
• Neighborhood: Broward Park
• Community: Fort Lauderdale NW
• Property Size: 837 Sq Ft
• Lot Size: 6,001 Sq Ft
• Year Built: 1951

Investment Summary

This 2-bed, 2-bath home in Fort Lauderdale’s 33311 zip code presents a prime fix-and-flip opportunity in a market with strong appreciation and rental demand. The property needs modern updates, making it an ideal candidate for an investor looking to maximize resale value or generate cash flow through rental income.

Comparable properties in the area have recently sold for $315K – $420K, indicating a strong return potential for the right investor.

Realtor Inputs & Market Insights

• Comparable Sales:
  • 116 NW 28th Ter – Sold for $319,990 (2 Bed/1 Bath, 820 Sq Ft)
  • 2222 NW 5th St – Sold for $325,000 (2 Bed/1 Bath, 720 Sq Ft)
  • 3330 NW 8th Pl – Sold for $215,000 (2 Bed/1 Bath, 766 Sq Ft)
• ARV (After Repair Value): $365,000 – $380,000
• Predicted Appreciation (5-10 Years): 3-5% per year
• Estimated Rental Income: $2,500 – $3,000/month
• Rental Comparison:
  • 2-bed rentals in the area average $2,200 – $2,700/month
  • Updated homes can rent for $3,000+ per month

Operating Expenses: Estimated at 30% of gross income

Investor Strategy

• Primary Strategy: Fix & Flip – Strong market demand, high resale value
• Secondary Strategy: Buy & Hold for Rental Income – Low property taxes, high rental demand
• Occupancy: Vacant
• Current Condition: Needs modern interior updates
• Estimated Repair Costs: $50K – $75K

Permits & Compliance

• Liens/Violations: No known liens or violations
• Inspection Reports: Property sold As-Is; inspections recommended before submitting offers

Market Trends & Appreciation

• Fort Lauderdale 33311 Housing Market Trends:
  • Typical Home Values: $365,205
  • 1-Year Value Change: +3.0%
  • Projected 1-Year Growth: +3.6%
  • Median Listing Price: $378,667
  • Median Sale Price: $382,500
  • Average Days to Pending: 40 Days

Final Takeaway for Investors

This property is perfect for fix-and-flip investors looking to capitalize on Fort Lauderdale’s appreciation and strong buyer demand. With an ARV of $365K+ and manageable rehab costs, this deal offers a great profit margin.