605 SW 12th Street
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Nearby Schools
Educational options and performance ratings in the area.
Croissant Park Elementary School
New River Middle School
Stranahan High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
From a conservative investment standpoint, 605 SW 12th Street is a high-risk asset due to its severe cash flow deficit. While the 4-bedroom configuration in a desirable Fort Lauderdale submarket offers long-term appreciation potential, the immediate financial performance is unsustainable. A rental yield of 2.6% is significantly lower than current risk-free treasury rates, and the monthly negative cash flow of $5,480 represents a staggering $65,760 annual loss. This investment relies exclusively on speculative appreciation to offset heavy operating losses, making it a liability for cash-flow-oriented investors rather than a wealth-building asset.
- • Desirable Fort Lauderdale location with strong historical demand
- • Generous 4-bed, 4-bath layout attractive to high-end families
- • Solid 2,815 sqft footprint provides competitive market scale
- • Consistent 4% expected annual appreciation in a high-growth region
- • Extreme negative monthly cash flow of -$5,480.05
- • Rental yield of 2.6% is insufficient to cover debt service or inflation
- • Extremely high barrier to entry with a $1.895M purchase price
- • Heavy reliance on appreciation to achieve a positive total return
- • High sensitivity to interest rate fluctuations and property tax adjustments
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-17 | Listed for sale | $1,895,000 | $673 |
| 2024-09-06 | Sold | $1,625,000 | $577 |
| 2023-11-13 | Pending sale | $1,675,000 | $595 |
| 2023-11-13 | Listed for sale | $1,675,000 | $595 |
| 2023-09-12 | Pending sale | $1,675,000 | $595 |
| 2023-01-25 | Listed for sale | $1,675,000 | $595 |
| 2021-12-28 | Sold | $585,000 | $208 |
| 2000-08-28 | Sold | $165,000 | $59 |
| 1994-06-09 | Sold | $120,000 | $43 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $3,596.12 | $189,720 |
| 2023 | $3,551.16 | $182,610 |
| 2022 | $3,137.05 | $166,010 |
| 2021 | $1,945.28 | $97,520 |
| 2020 | $3,504.61 | $178,820 |
| 2019 | $3,021.32 | $162,570 |
| 2018 | $3,021.32 | $162,570 |
| 2017 | $2,951.37 | $162,570 |
| 2016 | $3,003.53 | $165,440 |
| 2015 | $3,152.09 | $153,010 |
| 2014 | $3,056.66 | $153,010 |
| 2013 | $3,056.66 | $153,010 |
| 2012 | $3,083.65 | $153,010 |
| 2011 | $3,073.13 | $153,010 |
| 2010 | $3,140.32 | $153,010 |
| 2009 | $4,897.03 | $246,550 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $32,448/yr
On $435,850 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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