Investment Analysis

Rocket

Asking Price

$279K

Wholesaler Price

Est. ARV

$400K

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 Spread
$121K
70¢ on the dollar

Compare ARV Sources

Comparable Sales Subject Comps Rocket ARV

421 SW 22nd Ave, Fort Lauderdale, FL 33312

3 bed · 1 bath · 957 SF · 0.1 mi

$400K

Jun 2025

119 SW 22nd Ave, Fort Lauderdale, FL 33312

3 bed · 2 bath · 1,065 SF · 0.3 mi

$375K

Nov 2025

155 NW 29th Ave, Fort Lauderdale, FL 33311

3 bed · 1 bath · 1,043 SF · 0.7 mi

$369K

Oct 2025

Rental Income

RentCast

$2,670/mo

Market Rent · Feb 2026

$2,370

$2,970

$32,040

Annual Rent

11.5%

Gross Yield

$2.66

Rent / Sqft

$890

Per Bedroom

Property Details

3beds

1baths

1,005sqft

7,480lot sqft

1953built

TypeSingle Family

Stories1

ExteriorStucco

RoofComposition Shingle · Gable/hip

ConstructionConcrete · Slab

FlooringVinyl/Resilient

Lot Frontage70 ft · 7,480 sqft (0.17 acres)

ZoningRS-8

SubdivisionWOODLAND PARK AMD PLAT 29-18 B

PoolNo

ConditionAverage

Deal Highlights

             Large 7,480 SF lot
             No HOA
             Spacious layout
             Close to highways
          

Overview

Charming 3/1 SFH with spacious layout and large 7,480 SF yard. Perfect for first-time buyers or investors. Close to shopping, dining, major highways. No HOA.

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Big Ticket Items & Permit History

Verified

Roof

6 yrs

2020 · Composition shingle

Permitted

A/C

Unknown

No records found

Unverified

Impact Windows

5 yrs

2021

Permitted

Water Heater

Unknown

No records found

Unverified

Permit History

8 closed 1 open

Reroof-shingle over shingle-1000 sq ftAug 1995

$600

✓ Complete

Abandon septic - connect to sewerJun 2009

$1,000

✓ Complete

Install hurricane shutters 2 openings bp 05112151Mar 2012

$300

⚠ Open

Reroof shingle, noa''s for turbines approved 8/31/07, renew permit issued 05/18/07Aug 2006

$2,000

✓ Complete

Enclose existing carport & addition family room. Permit, renew & revise 1/27/11 new plans full review, renewal.02/25/08, b-recheck 03/23/2006 b-e-m-pMay 2006

$12,000

✓ Complete

Re-roof shingle roof 1248sf nocJun 2020

$4,200

✓ Complete

Single family residence: enclose existing carport for bedroom (178 square feet) and addition family room (252 square feet) ~renew & revise 1/27/11 new plans full review ~renewal.02/25/08 ~b-recheck 03/23/2006 b-e-m-pJul 2021

$12,000

✓ Complete

Reroof shingle ~noa's for turbines approved 8/31/07 ~ ~ ~renew permit issued 05/18/07Sep 2007

$2,000

✓ Complete

Abandon septic - connect to sewer ~ ~void permit see permit 11011214Jun 2009

$1,000

✓ Complete

Septic to sewer connectionJan 2011

$2,640

✓ Complete

Electric for enclosure bp 05112151Jun 2011

$1,000

✓ Complete

Install hurricane shutters 2 openings bp 05112151Jul 2021

$300

✓ Complete

Show 9 more permits ▾

No Code Violations

1 Open Case

Equity, Debt & Value Allocation

Rocket

Based on Asking Price

$279,000

Loans $134,461 | LTV 48.2% Equity $144,539 | ETV 51.8%

1ST MORTGAGE

$134,461

AVAILABLE EQUITY

$144,539

Value Breakdown $300,280

Land $22,440 | 7.5% Building $277,840 | 92.5%

Assessed Value '24

$71,160

Annual Tax '24

$1,242.15

Effective Tax Rate

1.75%

Homestead

✓ Yes

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Quick Numbers

Asking Price$279,000

Rocket ARV$399,728

Spread$120,728

Cents on Dollar70¢

Est. Rent$2,670/mo

Gross Yield11.5%

Annual Tax$1,242

Year Built1953