TM

Local Expert Insights

• Look in zip code 33065 where there are over 1,000 listings (2/3 foreclosure, 1/3 short sale)

• Single-family homes previously at ~$500k, now selling at $160-$170k, below replacement cost

• Condos and townhomes are available for under $100k, so investors can enter this market for under $20k

• Since many families have lost their homes to foreclosure, they are looking to rent and a rental home does not stay on the market more than a week if it’s priced correctly

• Buying for resale: don’t expect to be able to flip these homes; there’s a lot of supply and the market will remain soft for some time. Plan to hold for at least 2-3 years

Overview

Coral Springs is a city on Florida’s southern Atlantic coast, in northeastern Broward County. Coral Springs is thirty minutes northwest of Fort Lauderdale, twenty minutes northwest of Pompano Beach, and fifty minutes northwest of Miami. Coral Springs is thirty-five minutes from Port Everglades, the second busiest cruise port in the world.

Many area schools have received the “Five Star School Award” from the Florida Department of Education as schools that have shown exemplary community involvement. The city itself was awarded the Malcom Baldrige National Quality Award in 2007, and continues to garner kudos on a State and regional level.

On the Map

July 2009 | www.SmartZip.com

CORAL SPRINGS, FL

Key Investment MetricsAverage SmartZip Score™ 76 Growth

68 Income

Average Market Value: $209,838

$107 per Sq. Ft.

10-Year Proj. Appreciation: 42%

Average Monthly Rent: $1,901

Average Cap Rate: 5.3%

School Rating (10 is best): 8

Coral Springs, FL Heat Maps

Investment Market Comparison

About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com

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10 Year Population Growth Monthly Cash-Flow