1054 Iroquois Avenue, Fort Lauderdale, FL 33312
Single Family · 3 bed / 2 bath · 1,436 sq ft · Generated July 2026 · Illustrative estimates, not an appraisal
A risky deal as configured. With a conventional investment loan at 25% down, the property loses -$1,532 a month — rent doesn't cover the mortgage once Broward County taxes and a real Florida insurance premium are counted. PropIntel flags it rather than dressing it up.
Property details
Financial summary
The analysis
At $475,000 against an estimated after-repair value of $498,000, there's about $23,000 of paper equity — under 5%. This is an at-value purchase rather than a discounted buy, so there is no cushion to absorb a mistake.
An investor cannot use FHA financing here — it requires the borrower to occupy the property — so this is a conventional investment loan at 25% down. That removes mortgage insurance entirely, but it also means $118,750 of cash at closing against a $356,250 loan at 7.15%, for a principal-and-interest payment of $2,406 a month.
Taxes and insurance are where this deal breaks. Fort Lauderdale's total millage is 18.4545, so a new buyer owes about $9,200 a year — not the $1,354 the current owner pays under a homesteaded assessment that resets on sale. Add a Florida coastal premium of roughly $8,750 and those two lines alone cost $1,496 a month. With $350 in utilities, maintenance and management on top, total monthly expenses reach $4,252.
Against $2,720 in rent that leaves a shortfall of -$1,532 every month, or -$18,384 a year — a cash-on-cash return of -15.5%. To work as a rental this property would need a materially lower price, considerably higher rent, or both. PropIntel shows exactly how far each lever has to move, using the tax and insurance figures a buyer will actually pay.
How the deal score works
The deal score is a single 0–100 read on how strong a rental looks on the numbers you entered, where higher is better. It is calculated rather than estimated, so the same inputs always produce the same score. It weighs the factors an investor actually cares about:
- Cash flow (30 points) — does the rent cover the full carrying cost, and by how much.
- Cash-on-cash return (25 points) — annual cash flow against the cash you put in.
- Rent-to-cost strength (20 points) — rent relative to price and debt service.
- Equity and repair burden (15 points) — the gap between price, repairs, and after-repair value.
- Risk (10 points) — thin margins, high leverage, and assumptions that still need verifying.
A property that cash-flows well on a reasonable down payment scores high; one that loses money each month, like this one, scores low. The score is a screening signal to help you compare deals quickly — not a recommendation, and not a substitute for your own due diligence.
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