1524 SE 12th St Apt 6
Fort Lauderdale, FL 33316 · townhomes · For Sale · 175 days on market
Asking price$1,149,000
2 beds 3 baths 1,597 sqft
Suggested offer$570,049$578,951 above the est. market value of $570,049.
View on Realtor.com →Listed by Candace Garber · TruDeals Realty Corp
Typetownhomes
Built1982
Price / sqft$719
Est. value (own analysis)$570,049
Rent estimate (own analysis)$3,500/mo
HOA$750/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #R11167562
Coordinates26.10762, -80.12707
Address1524 SE 12th St Apt 6
CityFort Lauderdale
StateFL
Zip33316
Listing ID5701983640
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 | $1,149,000 |
| Down payment (20.0%) | $229,800 |
| Loan amount | $919,200 |
| Closing costs (5.0%) | $57,450 |
| Total cash to close | $287,250 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,819$21,831 |
| Insurance (est. scaled by flood & wind risk) | $1,685$20,222 |
| HOA dues | $750$9,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $4,429$53,153 |
| 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) | $175$2,100 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 3 | 1,790 | $5,950 | 2026-08-05 | — | |
| townhomes | 2 | 3 | 1,240 | $3,500 | 2026-03-11 | — | |
| townhomes | 2 | 3 | 1,500 | $3,000 | 2026-04-11 | — |
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 |
|---|---|---|---|---|---|---|
| 1501 SE 15th St Apt 3-2 | townhomes | 2 | 2 | 1,035 | $450,000 | 2026-08-04 |
| 905 SE 12th Ct Apt 16 | townhomes | 2 | 3 | 1,430 | $405,000 | 2026-07-01 |
| 33 Port Side Dr Unit 33C | townhomes | 2 | 3 | 2,226 | $1,500,000 | 2026-06-10 |
| 801 SE 16th Ct Apt 11 | townhomes | 2 | 3 | 1,220 | $400,000 | 2026-05-27 |
| 610 SE 14th Ct Apt 6 | townhomes | 2 | 3 | 1,170 | $415,000 | 2026-05-26 |
| 1415 Miami Rd Apt H | townhomes | 2 | 3 | 1,250 | $449,000 | 2026-02-26 |
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 |
|---|---|---|---|---|---|---|
| 601 N Miami Ave Unit 901 | condos | 2 | 2 | 1,103 | $739,898 | — |
| 1900 S Ocean Dr Apt 702 | condos | 2 | 2 | 1,036 | $255,000 | — |
| 1045 SE 15th St Apt 13D | condos | 2 | 1 | 800 | $135,000 | — |
| 1050 SE 14th Pl Apt 15B | condos | 2 | 1 | 800 | $180,000 | — |
| 1819 SE 17th St Apt 603 | condos | 2 | 3 | 1,475 | $379,900 | — |
| 2420 SE 17th St Unit 401C | condos | 2 | 2 | 932 | $239,900 | — |
| 1531 SE 15th St Apt 7 | condos | 2 | 3 | 1,008 | $238,988 | — |
| 1625 SE 10th Ave Apt 501 | condos | 2 | 2 | 1,110 | $325,000 | — |
10-year hold projection
IRR-10.3%
Equity multiple-0.75x
Total return (10yr)-$352,908
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,183,470 | -$14,513 | -$87,498 | $909,234 | $274,236 |
| 2 | $1,218,974 | -$14,683 | -$87,720 | $898,583 | $320,391 |
| 3 | $1,255,543 | -$14,851 | -$87,942 | $887,201 | $368,342 |
| 4 | $1,293,210 | -$15,017 | -$88,163 | $875,038 | $418,172 |
| 5 | $1,332,006 | -$15,182 | -$88,384 | $862,039 | $469,967 |
| 6 | $1,371,966 | -$15,344 | -$88,604 | $848,147 | $523,819 |
| 7 | $1,413,125 | -$15,503 | -$88,823 | $833,302 | $579,823 |
| 8 | $1,455,519 | -$15,660 | -$89,041 | $817,437 | $638,082 |
| 9 | $1,499,184 | -$15,814 | -$89,257 | $800,482 | $698,702 |
| 10 | $1,544,160 | -$15,965 | -$89,472 | $782,364 | $761,796 |
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.