1607 SE 14th St
Fort Lauderdale, FL 33316 · single_family · For Sale · 54 days on market
Asking price$8,650,000
6 beds 7 baths 5,781 sqft
Suggested offer$4,460,648$4,189,352 above the est. market value of $4,460,648.
View on Realtor.com →Listed by Michael Ritvo · The Agency Florida LLC
Typesingle_family
Built2026
Price / sqft$1496
Est. value (own analysis)$4,460,648
Rent estimate (Zillow ZIP avg)$2,500/mo
HOANone
1 / 69
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Statusfor_sale
Listed date2026-07-10
Removed date—
MLSBeachesMLS #B26050696
Coordinates26.10477, -80.12541
Address1607 SE 14th St
CityFort Lauderdale
StateFL
Zip33316
Listing ID5527169104
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $8,650,000 |
| Down payment (20.0%) | $1,730,000 |
| Loan amount | $6,920,000 |
| Closing costs (5.0%) | $432,500 |
| Total cash to close | $2,162,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $13,696$164,350 |
| Insurance (placeholder 0.8% of price) | $5,767$69,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $19,588$235,050 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| 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 |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 4,711 | $32,000 | 2026-04-30 | — | |
| single_family | 6 | 7 | 7,167 | $35,000 | 2026-03-11 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 2520 Laguna Ter | single_family | 6 | 7 | 6,180 | $3,600,000 | 2026-06-26 |
| 1401 S Ocean Dr | single_family | 6 | 4 | 4,536 | $3,500,000 | 2026-05-14 |
| 1524 SE 13th St | single_family | 6 | 7 | — | $3,650,000 | 2026-04-22 |
| 84 Isla Bahia Dr | single_family | 6 | 9 | 11,714 | $34,000,000 | 2026-04-07 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2542 Lucille Dr | single_family | 6 | 8 | — | $8,850,000 | — |
| 8 Isla Bahia Dr | single_family | 6 | 9 | 8,690 | $24,500,000 | — |
| 1 Isla Bahia Dr | single_family | 6 | 13 | 14,000 | $35,900,000 | — |
| 23 Isla Bahia Dr | single_family | 6 | 9 | 9,135 | $24,900,000 | — |
| 2519 Lucille Dr | single_family | 6 | 8 | 6,954 | $14,495,000 | — |
| 1117 SE 9th St | single_family | 6 | 4 | 4,487 | $3,699,000 | — |
| 2560 Del Lago Dr | single_family | 6 | 9 | 8,725 | $29,995,000 | — |
| 1965 SE 21st Ave | single_family | 6 | 7 | 5,565 | $6,950,000 | — |
10-year hold projection
IRR-12.9%
Equity multiple-1.22x
Total return (10yr)-$3,665,116
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $8,909,500 | -$207,450 | -$742,587 | $6,844,972 | $2,064,528 |
| 2 | $9,176,785 | -$212,498 | -$747,673 | $6,764,791 | $2,411,994 |
| 3 | $9,452,089 | -$217,669 | -$752,882 | $6,679,105 | $2,772,984 |
| 4 | $9,735,651 | -$222,964 | -$758,217 | $6,587,534 | $3,148,117 |
| 5 | $10,027,721 | -$228,387 | -$763,680 | $6,489,675 | $3,538,045 |
| 6 | $10,328,552 | -$233,942 | -$769,276 | $6,385,097 | $3,943,456 |
| 7 | $10,638,409 | -$239,630 | -$775,007 | $6,273,336 | $4,365,073 |
| 8 | $10,957,561 | -$245,456 | -$780,876 | $6,153,901 | $4,803,660 |
| 9 | $11,286,288 | -$251,423 | -$786,888 | $6,026,264 | $5,260,024 |
| 10 | $11,624,877 | -$257,534 | -$793,044 | $5,889,862 | $5,735,015 |
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.