1140 SE 6th Ter
Fort Lauderdale, FL 33316 · single_family · For Sale · 9 days on market
Asking price$1,750,000
3 beds 4 baths 1,725 sqft
Suggested offer$1,324,041$425,959 above the est. market value of $1,324,041.
View on Realtor.com →Listed by Valerie Praznik · COMPASS
Typesingle_family
Built2026
Price / sqft$1014
Est. value (own analysis)$1,324,041
Rent estimate (own analysis)$4,525/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSBeachesMLS #B26068016
Coordinates26.10841, -80.13593
Address1140 SE 6th Ter
CityFort Lauderdale
StateFL
Zip33316
Listing ID5833101181
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 | $1,750,000 |
| Down payment (20.0%) | $350,000 |
| Loan amount | $1,400,000 |
| Closing costs (5.0%) | $87,500 |
| Total cash to close | $437,500 |
| Income | |
| Rent (comp-derived) | $4,525$54,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,163$49,956 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,771$33,250 |
| Insurance (est. scaled by flood & wind risk) | $2,275$27,300 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $226$2,715 |
| Total operating expenses | $5,272$63,265 |
| 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) | $226$2,715 |
| 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 | 3 | 2 | 1,134 | $4,250 | 2026-08-26 | — | |
| single_family | 3 | 2 | 1,200 | $4,800 | 2026-08-13 | — | |
| single_family | 3 | 2 | 1,161 | $3,900 | 2026-06-11 | — | |
| single_family | 3 | 3 | 1,787 | $8,000 | 2026-08-12 | — | |
| single_family | 3 | 3 | 1,805 | $12,000 | 2026-08-18 | — | |
| single_family | 3 | 2 | 1,400 | $1,500 | 2026-01-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2711 Mayan Dr | single_family | 3 | 2 | 1,846 | $1,650,000 | 2026-08-27 |
| 1340 Cordova Rd | single_family | 3 | 2 | 1,816 | $2,488,000 | 2026-07-16 |
| 803 SE 12th Ct | single_family | 3 | 3 | 2,120 | $780,000 | 2026-07-15 |
| 1531 SE 12th Ct | single_family | 3 | 3 | 1,238 | $2,500,000 | 2026-06-16 |
| 6640500508 | single_family | 3 | 3 | 3,107 | $3,500,000 | 2026-05-20 |
| 2208 Inlet Dr | single_family | 3 | 3 | 2,095 | $4,750,000 | 2026-05-18 |
| 2636 Grace Dr | single_family | 3 | 3 | 2,510 | $3,100,000 | 2026-04-23 |
| 1524 SE 13th St | single_family | 3 | 2 | — | $3,650,000 | 2026-04-23 |
| 2100 Manatee Dr | single_family | 3 | 2 | 2,050 | $1,440,000 | 2026-04-10 |
| 2506 Barbara Dr | single_family | 3 | 4 | 3,087 | $1,580,000 | 2026-03-30 |
| 2500 Barbara Dr | single_family | 3 | 1 | 2,962 | $2,837,500 | 2026-03-30 |
| 1601 SE 11th St | single_family | 3 | 4 | 2,466 | $2,984,000 | 2026-03-20 |
| 810 SE 10th St | single_family | 3 | 2 | 2,337 | $1,050,000 | 2026-03-18 |
| 1530 Seabreeze Blvd | single_family | 3 | 2 | 2,106 | $1,635,000 | 2026-03-17 |
| 1631 SE 14th St | single_family | 3 | 3 | 2,744 | $3,100,000 | 2026-03-11 |
| 1833 SE 7th St | single_family | 3 | 3 | 3,739 | $4,300,000 | 2026-02-27 |
| 1314 SE 1st Ave | single_family | 3 | 2 | 1,334 | $700,000 | 2026-02-26 |
| 1022 SE 12th Way | single_family | 3 | 2 | 2,590 | $1,500,000 | 2026-02-26 |
| 1323 SE 13th Ter | single_family | 3 | 2 | 1,911 | $1,450,000 | 2026-01-05 |
| 804 SE 10th St | single_family | 3 | 2 | 1,970 | $1,250,000 | 2025-12-24 |
| 1791 SE 10th St | single_family | 3 | 4 | 2,697 | $8,150,000 | 2025-12-22 |
| 804 SE 10th St | single_family | 3 | 3 | 1,970 | $1,250,000 | 2025-12-22 |
| 1240 SE 12th Way | single_family | 3 | 2 | 1,597 | $850,000 | 2025-12-12 |
| 1101 Cordova Rd | single_family | 3 | 2 | 1,958 | $1,748,375 | 2025-12-08 |
| 1223 Cordova Rd | single_family | 3 | 2 | 1,408 | $1,110,000 | 2025-12-05 |
| 2619 Barbara Dr | single_family | 3 | 2 | 2,176 | $2,180,000 | 2025-12-04 |
| 2406 Laguna Dr | single_family | 3 | — | 10,646 | $26,000,000 | 2025-11-25 |
| 121 Rose Dr | single_family | 3 | 2 | 3,681 | $1,500,000 | 2025-11-03 |
| 710 SE 22nd St | single_family | 3 | 3 | 1,244 | $620,000 | 2025-11-03 |
| 710 SE 22nd St | single_family | 3 | 3 | 1,244 | $620,000 | 2025-10-31 |
| 701 S Rio Vista Blvd | single_family | 3 | 3 | 3,415 | $2,450,000 | 2025-10-28 |
| 1204 SE 13th Ter | single_family | 3 | 2 | 1,345 | $727,000 | 2025-10-17 |
| 1909 Admirals Way | single_family | 3 | 3 | 1,970 | $1,300,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 1920 S Ocean Dr Apt 306 | condos | 3 | 3 | 1,329 | $290,000 | — |
| 1920 S Ocean Dr Apt 511 | condos | 3 | 2 | 1,293 | $299,000 | — |
| 1900 S Ocean Dr Apt 812 | condos | 3 | 2 | 1,293 | $365,000 | — |
| 200 SE 19th St | single_family | 3 | 2 | 1,134 | $690,000 | — |
| 2100 S Ocean Dr Apt 5CD | condos | 3 | 3 | 2,161 | $599,000 | — |
| 413 SE 23rd St | multi_family | 3 | 3 | 2,072 | $890,000 | — |
| 1500 SE 12th St Unit 1A | condos | 3 | 4 | 2,288 | $1,500,000 | — |
| 1015 SE 11th Ct | single_family | 3 | 2 | 2,357 | $1,899,999 | — |
10-year hold projection
IRR-8.9%
Equity multiple-0.52x
Total return (10yr)-$435,859
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,802,500 | -$13,309 | -$123,985 | $1,384,821 | $417,679 |
| 2 | $1,856,575 | -$13,392 | -$124,136 | $1,368,599 | $487,976 |
| 3 | $1,912,272 | -$13,469 | -$124,283 | $1,351,264 | $561,008 |
| 4 | $1,969,640 | -$13,541 | -$124,426 | $1,332,738 | $636,902 |
| 5 | $2,028,730 | -$13,607 | -$124,565 | $1,312,940 | $715,790 |
| 6 | $2,089,592 | -$13,666 | -$124,699 | $1,291,782 | $797,809 |
| 7 | $2,152,279 | -$13,718 | -$124,828 | $1,269,172 | $883,108 |
| 8 | $2,216,848 | -$13,763 | -$124,951 | $1,245,008 | $971,839 |
| 9 | $2,283,353 | -$13,799 | -$125,069 | $1,219,186 | $1,064,167 |
| 10 | $2,351,854 | -$13,828 | -$125,180 | $1,191,590 | $1,160,264 |
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.