1045 SE 15th St Apt 13D

Fort Lauderdale, FL 33316 · condos · For Sale · 82 days on market
Asking price$135,000
2 beds 1 baths 800 sqft
View on Realtor.com →
Listed by Joseph Zimmerman · Keller Williams Realty Services
Typecondos
Built1958
Price / sqft$169
Est. value (own analysis)$387,097
Rent estimate (own analysis)$2,500/mo
HOA$601/mo
Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-12
Removed date
MLSBeachesMLS #B26040317
Coordinates26.10370, -80.13151
Address1045 SE 15th St Apt 13D
CityFort Lauderdale
StateFL
Zip33316
Listing ID5139566036
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33316)

Median sale price$900,000
Median days on market (sale)121
Active sale listings368
Median rent$2,500/mo
Median days on market (rent)34
Active rental listings281
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33316 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$135,000
Down payment (20.0%)$27,000
Loan amount$108,000
Closing costs (5.0%)$6,750
Total cash to close$33,750
Rent (comp-derived)$2,500$30,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,000
Vacancy rate (assumption) assumption8.0%

$30,000 × 8.0% = $2,400

Effective gross income$2,300$27,600
Property tax (placeholder 1.9% of price)$214$2,565
Insurance (placeholder 0.8% of price)$90$1,080
HOA dues$601$7,212
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$125$1,500
Total operating expenses$1,030$12,357
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,600
Total operating expenses derived$12,357

$27,600 − $12,357 = $15,243

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$108,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$108,000 amortized at 6.7% over 30 years = $694/mo

CapEx reserve (5.0% of GSR)$125$1,500
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$15,243
Annual debt service derived$8,328
Annual CapEx reserve assumption$1,500
Annual PMI assumption$0

($15,243 − $8,328 − $1,500 − $0) ÷ 12 = $451

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,243
Purchase price data$135,000

$15,243 ÷ $135,000 = 11.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$5,415
Total cash to close derived$33,750

$5,415 ÷ $33,750 = 16.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,243
Annual debt service derived$8,328

$15,243 ÷ $8,328 = 1.83

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,000
Purchase price data$135,000

($30,000 ÷ 12) ÷ $135,000 = 1.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$135,000
Gross scheduled rent (annual) comp$30,000

$135,000 ÷ $30,000 = 4.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,357
Effective gross income derived$27,600

$12,357 ÷ $27,600 = 44.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$12,357
Annual debt service derived$8,328
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,000

($12,357 + $8,328 + $0) ÷ $30,000 = 69.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos22875$2,5002026-01-30
apartment221,054$2,3002024-11-30
apartment221,050$2,3802026-08-05
condos21600$1,7502025-06-14
apartment211,000$2,1002026-07-28
apartment21750$2,0002026-07-30
condos221,054$3,0002026-03-24
apartment22900$1,9602026-04-17
apartment22850$2,3252026-07-07
condos21920$3,0002026-04-06
condos22900$2,1002026-03-11
condos221,054$2,5002026-03-11
condos22840$2,3502026-08-07
condos21670$2,0002026-03-11
condos22840$2,7502026-08-19
condos22830$2,4002026-06-17
condos231,008$2,6002026-05-06
condos22840$2,3002026-07-01
condos221,020$2,7002026-07-16
apartment22975$2,4002026-08-06
condos22840$2,7952026-06-19
apartment21970$2,4002026-08-13
condos21575$2,6002026-03-31
condos21760$3,2002026-03-25
condos231,008$2,600
condos22814$2,3502026-07-23
apartment22926$2,800
apartment22892$2,800
apartment22892$2,800
apartment22926$2,760
apartment22892$2,760

2424 SE 17th Cswy Unit 312B

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage875
Listed2026-01-30
Days on market

Asking rent: $2,500

View on Zillow →

2119 SE 10th Ave Apt 917

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,054
Listed2024-11-30
Days on market

Asking rent: $2,300

View on Zillow →

414 SE 14th St Apt 3

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,050
Listed2026-08-05
Days on market

Asking rent: $2,380

View on Zillow →

1125 SE 14th Pl Apt 21C

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage600
Listed2025-06-14
Days on market

Asking rent: $1,750

View on Zillow →

510 SE 12th Ct Apt 6

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,000
Listed2026-07-28
Days on market

Asking rent: $2,100

View on Zillow →

901 SE 14th Ct Apt 1

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage750
Listed2026-07-30
Days on market

Asking rent: $2,000

View on Zillow →

2131 SE 10th Ave Apt 1112

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,054
Listed2026-03-24
Days on market

Asking rent: $3,000

View on Zillow →

711 SE 15th St Apt 5

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage900
Listed2026-04-17
Days on market

Asking rent: $1,960

View on Zillow →

732 SE 15th St Apt 1

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-07-07
Days on market

Asking rent: $2,325

View on Zillow →

2900 Banyan St Apt 408

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage920
Listed2026-04-06
Days on market

Asking rent: $3,000

View on Zillow →

2420 SE 17th St Unit 3070C

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage900
Listed2026-03-11
Days on market

Asking rent: $2,100

View on Zillow →

2005 SE 10th Ave Apt 416

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,054
Listed2026-03-11
Days on market

Asking rent: $2,500

View on Zillow →

1777 SE 15th St Apt 220

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage840
Listed2026-08-07
Days on market

Asking rent: $2,350

View on Zillow →

1000 SE 15th St Apt 103

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage670
Listed2026-03-11
Days on market

Asking rent: $2,000

View on Zillow →

1777 SE 15th St Apt 308

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage840
Listed2026-08-19
Days on market

Asking rent: $2,750

View on Zillow →

1050 SE 15th St Apt 202

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage830
Listed2026-06-17
Days on market

Asking rent: $2,400

View on Zillow →

1531 SE 15th St Apt 5

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,008
Listed2026-05-06
Days on market

Asking rent: $2,600

View on Zillow →

1777 SE 15th St Apt 218

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage840
Listed2026-07-01
Days on market

Asking rent: $2,300

View on Zillow →

1600 SE 15th St Apt 601

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,020
Listed2026-07-16
Days on market

Asking rent: $2,700

View on Zillow →

1500 SE 15th St Apt 318

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage975
Listed2026-08-06
Days on market

Asking rent: $2,400

View on Zillow →

1777 SE 15th St Apt 406

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage840
Listed2026-06-19
Days on market

Asking rent: $2,795

View on Zillow →

820 SE 12th St Unit 1

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage970
Listed2026-08-13
Days on market

Asking rent: $2,400

View on Zillow →

1440 SE 15th St Apt 22

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage575
Listed2026-03-31
Days on market

Asking rent: $2,600

View on Zillow →

1850 S Ocean Dr Apt 411

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage760
Listed2026-03-25
Days on market

Asking rent: $3,200

View on Zillow →

1531 SE 15th St

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,008
Listed
Days on market

Asking rent: $2,600

View on Zillow →

1731 SE 15th St Apt 402

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage814
Listed2026-07-23
Days on market

Asking rent: $2,350

View on Zillow →

817 SE 2nd Ave Apt 406

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage926
Listed
Days on market

Asking rent: $2,800

View on Zillow →

817 SE 2nd Ave Apt 507

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage892
Listed
Days on market

Asking rent: $2,800

View on Zillow →

817 SE 2nd Ave Apt 323

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage892
Listed
Days on market

Asking rent: $2,800

View on Zillow →

817 SE 2nd Ave Apt 202

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage926
Listed
Days on market

Asking rent: $2,760

View on Zillow →

817 SE 2nd Ave Apt 304

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage892
Listed
Days on market

Asking rent: $2,760

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
2420 SE 17th St Unit 207Ccondos22900$175,0002026-08-28
2200 S Ocean Ln Apt 1405condos232,170$1,470,5002026-08-25
2200 S Ocean Ln Apt 2103condos221,258$930,0002026-08-18
1578 S Ocean Ln Apt 214condos221,264$910,0002026-08-06
1819 SE 17th St Apt 1008condos231,565$725,0002026-08-05
2000 S Ocean Dr Apt 706condos221,688$633,0002026-07-30
1 Las Olas Cir Apt 905condos221,200$650,0002026-07-30
1 Las Olas Cir Apt 404condos221,500$870,0002026-07-24
1 Las Olas Cir Apt 610condos221,500$885,0002026-07-22
1500 SE 15th St Apt 315condos22940$210,0002026-07-20
101 S Fort Lauderdale Beach Blvd Apt 707condos221,905$1,000,0002026-07-17
1819 SE 17th St Apt 710condos231,440$510,0002026-07-16
2200 S Ocean Ln Apt 1902condos222,003$1,051,5002026-07-07
905 SE 12th Ct Apt 15condos231,430$415,0002026-06-26
2200 S Ocean Ln Apt 905condos222,170$1,650,0002026-06-22
100 S Birch Rd Apt 803condos221,722$1,005,0002026-06-04
101 S Fort Lauderdale Beach Blvd Apt 1707condos221,905$1,735,0002026-06-01
101 S Fort Lauderdale Beach Blvd Apt 1406condos221,905$1,400,0002026-05-29
200 S Birch Rd Apt 908condos21756$329,0002026-05-29
2100 S Ocean Ln Apt 709condos221,513$790,0002026-05-28
2430 SE 17th St Apt Gcondos221,170$249,9002026-05-27
2100 S Ocean Ln Apt 1109condos221,513$840,0002026-05-12
2100 S Ocean Ln Apt 1707condos222,116$1,400,0002026-05-01
1819 SE 17th St Apt 906condos231,750$775,0002026-04-23
2100 S Ocean Dr Apt 15Acondos221,510$660,0002026-04-17
2100 S Ocean Ln Apt 1009condos221,513$845,0002026-04-10
1920 S Ocean Dr Apt 510condos221,036$299,0002026-04-07
2021 SE 10th Ave Apt 205condos221,054$375,0002026-03-27
1532 SE 12th St Apt 304condos232,067$1,300,0002026-03-25
1 Las Olas Cir Apt 1414condos221,500$1,070,0002026-03-18
100 S Birch Rd Apt 2403condos221,722$975,0002026-03-13
1750 S Ocean Ln Apt 316condos221,480$700,0002026-03-10
2100 S Ocean Ln Apt 2207condos222,116$879,4782026-03-04
1920 S Ocean Dr Apt 901condos221,185$370,0002026-02-11
3073 Harbor Dr Apt 15condos22936$495,0002026-01-21
1 Las Olas Cir Apt 1205condos221,200$750,0002026-01-08
2200 S Ocean Ln Apt 806condos232,170$1,050,0002026-01-07
1435 SE 15th St Apt 302condos221,050$390,0002025-12-19
1535 SE 15th St Apt 306condos22$480,0002025-12-15
1920 S Ocean Dr Apt 1002condos221,036$349,9992025-12-12
2021 SE 10th Ave Apt 212condos221,054$370,0002025-12-12
100 S Birch Rd Apt 1803condos221,722$900,0002025-12-01
1700 SE 15th St Apt 215condos221,200$395,0002025-11-21
1819 SE 17th St Apt 1606condos231,750$849,0002025-11-20
2009 SE 10th Ave Apt 318condos221,054$365,0002025-11-19
700 SE 14th St Apt Jcondos231,250$435,0002025-11-18
1777 SE 15th St Apt 206condos22840$348,7502025-11-14
101 S Fort Lauderdale Beach Blvd Apt 1907condos221,905$1,725,0002025-11-10
2021 SE 10th Ave Apt 211condos221,054$370,0002025-11-07
2000 S Ocean Dr Apt 909condos221,205$450,0002025-10-30

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
601 N Miami Ave Unit 901condos221,103$739,898
1900 S Ocean Dr Apt 702condos221,036$255,000
1050 SE 14th Pl Apt 15Bcondos21800$180,000
1819 SE 17th St Apt 603condos231,475$379,900
2420 SE 17th St Unit 401Ccondos22932$239,900
1531 SE 15th St Apt 7condos231,008$238,988
1625 SE 10th Ave Apt 501condos221,110$325,000
1535 SE 15th St Apt 301condos221,086$499,000

10-year hold projection

IRR24.5%
Equity multiple4.64x
Total return (10yr)$140,379
YearProperty valueNOICash flowLoan balanceEquity
1$139,050$15,243$5,415$106,829$32,221
2$143,222$15,762$5,896$105,578$37,644
3$147,518$16,298$6,394$104,240$43,278
4$151,944$16,852$6,908$102,811$49,133
5$156,502$17,424$7,440$101,284$55,218
6$161,197$18,015$7,990$99,652$61,546
7$166,033$18,626$8,557$97,907$68,126
8$171,014$19,256$9,144$96,043$74,971
9$176,144$19,907$9,751$94,051$82,093
10$181,429$20,580$10,378$91,922$89,506
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.