1535 SE 15th St Apt 304

Fort Lauderdale, FL 33316 · condos · For Sale · 78 days on market

Asking price$229,900

1 beds 1 baths 688 sqft

View on Realtor.com →

Listed by Jonathan Minerick · HOMECOIN.COM

Typecondos

Built1963

Price / sqft$334

Est. value—

Rent estimate (own analysis)$2,100/mo

HOANone

Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal

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Statusfor_sale

Listed date2026-06-17

Removed date—

MLSMiamiMLS #A12036280

Coordinates26.10356, -80.12624

Address1535 SE 15th St Apt 304

CityFort Lauderdale

StateFL

Zip33316

Listing ID5812048189

Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33316)

No market data analyzed yet for ZIP 33316.

Analyze ZIP 33316 (≥1 of 50 per our log, shared with every property in this ZIP)

Underwriting (buy-and-hold, default assumptions)

Acquisition (one-time, not monthly/yearly)

MonthlyYearly

✎ Edit

Purchase price $229,900

Down payment (20.0%) $45,980

Loan amount $183,920

Closing costs (5.0%) $11,495

Total cash to close $57,475

Income

Rent (comp-derived) $2,100$25,200

Vacancy loss (8.0%)

Effective gross income $1,932$23,184

Operating expenses

Property tax (placeholder 1.9% of price) $364$4,368

Insurance (est. scaled by flood & wind risk) $337$4,046

HOA dues $0$0

Management (0.0% of EGI) $0$0

Maintenance (5.0% of GSR) $105$1,260

Total operating expenses $806$9,674

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) $105$1,260

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.

Type	Beds	Baths	Sqft	Asking rent	Listed	Days on market
apartment	1	1	740	$2,125	2026-02-10	—
apartment	1	1	597	$2,300	2026-02-06	—
apartment	1	1	600	$1,600	2026-05-06	—
apartment	1	1	850	$2,350	2026-04-17	—
apartment	1	1	853	$2,302	2024-04-12	—
apartment	1	1	745	$1,995	2024-02-06	—
condos	1	1	660	$1,900	2026-06-09	—
apartment	1	1	600	$1,580	2026-03-11	—
condos	1	1	647	$1,800	2026-08-15	—
apartment	1	1	700	$1,450	2026-07-23	—
apartment	1	1	650	$1,350	2026-06-09	—
condos	1	1	900	$2,500	2026-08-13	—
condos	1	1	685	$1,850	2026-08-26	—
apartment	1	1	647	$1,900	2026-04-03	—
condos	1	1	530	$1,655	2026-08-25	—
condos	1	1	580	$1,650	2026-04-15	—
condos	1	1	660	$1,950	2026-08-25	—
apartment	1	1	600	$2,000	2026-06-25	—
condos	1	1	565	$1,750	2026-04-23	—
apartment	1	1	625	$1,580	2026-07-14	—
condos	1	1	900	$3,250	2026-07-24	—
apartment	1	1	750	$1,700	2026-08-17	—
condos	1	1	570	$1,600	2026-08-11	—
condos	1	2	840	$2,500	2026-08-10	—
apartment	1	1	750	$1,700	2026-08-17	—
apartment	1	1	650	$2,100	2026-04-16	—
condos	1	1	670	$2,000	2026-07-22	—
condos	1	1	580	$1,850	2026-04-04	—
apartment	1	1	550	$1,700	2026-07-13	—
condos	1	1	570	$1,590	2025-12-19	—
condos	1	1	685	$2,000	2026-08-03	—
condos	1	2	814	$1,950	2026-05-20	—
condos	1	1	600	$1,850	2026-08-03	—
apartment	1	1	700	$1,700	2026-08-17	—
apartment	1	1	560	$1,600	2026-08-05	—
condos	1	1	622	$1,800	2026-06-17	—
condos	1	1	724	$2,375	2026-04-11	—
condos	1	1	620	$2,100	2026-08-05	—
apartment	1	1	650	$1,650	2026-03-11	—
condos	1	1	704	$2,200	2026-08-04	—
condos	1	1	704	$2,400	2026-08-01	—
condos	1	1	700	$3,100	2025-11-28	—
condos	1	1	700	$3,500	2025-08-06	—
apartment	1	1	716	$2,050	2026-07-31	—
condos	1	1	575	$2,300	2026-03-31	—
condos	1	1	870	$1,795	2026-07-25	—
condos	1	1	678	$1,850	—	—
apartment	1	1	525	$1,500	2026-07-27	—
apartment	1	1	610	$1,749	—	—
apartment	1	1	675	$1,750	2026-07-09	—
apartment	1	1	570	$1,750	2024-04-15	—
apartment	1	1	597	$2,225	—	—
apartment	1	1	764	$2,473	—	—
apartment	1	1	762	$2,286	—	—
apartment	1	1	597	$2,300	—	—
apartment	1	1	764	$2,273	—	—
apartment	1	1	890	$2,472	—	—
apartment	1	1	764	$2,683	—	—
apartment	1	1	764	$2,693	—	—
apartment	1	1	853	$2,271	—	—
apartment	1	1	856	$2,437	—	—
apartment	1	1	597	$2,325	—	—
apartment	1	1	597	$2,300	—	—
apartment	1	1	764	$2,368	—	—
apartment	1	1	853	$2,261	—	—
apartment	1	1	597	$2,300	—	—
apartment	1	1	853	$2,480	—	—
apartment	1	1	597	$2,300	—	—
apartment	1	1	890	$2,293	—	—
apartment	1	1	853	$2,415	—	—
apartment	1	1	597	$2,300	—	—
apartment	1	1	890	$2,378	—	—
apartment	1	1	764	$2,703	—	—
apartment	1	1	770	$2,798	—	—

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.

No recent recorded sales cached yet for this ZIP.

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
1115 SE 14th Pl Apt 19C	condos	1	1	600	$135,000	—
1850 S Ocean Dr Apt 213	condos	1	1	640	$220,000	—
1900 S Ocean Dr Apt 604	condos	1	1	805	$174,000	—
1405 Miami Rd Apt 29	condos	1	1	633	$215,000	—
1510 SE 15th St Apt 302	condos	1	1	670	$179,999	—
200 S Birch Rd Apt 612	condos	1	1	647	$190,000	—
1900 S Ocean Dr Apt 710	condos	1	1	805	$270,000	—
2426 SE 17th St Unit 307A	condos	1	1	685	$169,900	—

10-year hold projection

IRR8.6%

Equity multiple2.35x

Total return (10yr)$107,892

Year	Property value	NOI	Cash flow	Loan balance	Equity
1	$236,797	$13,510	-$1,933	$181,926	$54,871
2	$243,901	$13,963	-$1,511	$179,795	$64,106
3	$251,218	$14,432	-$1,075	$177,517	$73,700
4	$258,754	$14,916	-$624	$175,084	$83,671
5	$266,517	$15,415	-$159	$172,483	$94,034
6	$274,513	$15,931	$322	$169,703	$104,809
7	$282,748	$16,464	$819	$166,733	$116,015
8	$291,230	$17,014	$1,333	$163,558	$127,672
9	$299,967	$17,582	$1,863	$160,166	$139,801
10	$308,966	$18,168	$2,411	$156,541	$152,426

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.

NOI derived	$13,510
Annual debt service derived	$14,183

Total operating expenses derived	$9,674
Annual debt service derived	$14,183
Annual PMI assumption	$0
Gross scheduled rent (annual) comp	$25,200