1001 SE 10th St

Fort Lauderdale, FL 33316 · single_family · For Sale · 9 days on market
Asking price$2,245,000
4 beds 3 baths 2,518 sqft
Suggested offer$2,121,214$123,786 above the est. market value of $2,121,214.
View on Realtor.com →
Listed by Liz Caldwell · COMPASS
Typesingle_family
Built1941
Price / sqft$892
Est. value (own analysis)$2,121,214
Rent estimate (own analysis)$8,000/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-24
Removed date
MLSBeachesMLS #B26067760
Coordinates26.11087, -80.13268
Address1001 SE 10th St
CityFort Lauderdale
StateFL
Zip33316
Listing ID5881680015
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$2,245,000
Down payment (20.0%)$449,000
Loan amount$1,796,000
Closing costs (5.0%)$112,250
Total cash to close$561,250
Rent (comp-derived)$8,000$96,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$96,000
Vacancy rate (assumption) assumption8.0%

$96,000 × 8.0% = $7,680

Effective gross income$7,360$88,320
Property tax (placeholder 1.9% of price)$3,555$42,655
Insurance (placeholder 0.8% of price)$1,497$17,960
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$400$4,800
Total operating expenses$5,451$65,415
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$88,320
Total operating expenses derived$65,415

$88,320 − $65,415 = $22,905

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$1,796,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,796,000 amortized at 6.7% over 30 years = $11,542/mo

CapEx reserve (5.0% of GSR)$400$4,800
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$22,905
Annual debt service derived$138,499
Annual CapEx reserve assumption$4,800
Annual PMI assumption$0

($22,905 − $138,499 − $4,800 − $0) ÷ 12 = -$10,033

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$22,905
Purchase price data$2,245,000

$22,905 ÷ $2,245,000 = 1.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$120,394
Total cash to close derived$561,250

-$120,394 ÷ $561,250 = -21.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$22,905
Annual debt service derived$138,499

$22,905 ÷ $138,499 = 0.17

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$96,000
Purchase price data$2,245,000

($96,000 ÷ 12) ÷ $2,245,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,245,000
Gross scheduled rent (annual) comp$96,000

$2,245,000 ÷ $96,000 = 23.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$65,415
Effective gross income derived$88,320

$65,415 ÷ $88,320 = 74.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$65,415
Annual debt service derived$138,499
Annual PMI assumption$0
Gross scheduled rent (annual) comp$96,000

($65,415 + $138,499 + $0) ÷ $96,000 = 212.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,722$2,9002026-05-07
single_family432,732$15,0002026-07-14
single_family421,890$3,9602026-08-11
single_family432,440$8,0002025-03-11
single_family452,810$19,9952026-03-11

412 SE 17th St Unit Front

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,722
Listed2026-05-07
Days on market

Asking rent: $2,900

View on Zillow →

1505 SE 11th St

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,732
Listed2026-07-14
Days on market

Asking rent: $15,000

View on Zillow →

1322 SE 1st Ave Unit 1322

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,890
Listed2026-08-11
Days on market

Asking rent: $3,960

View on Zillow →

1933 Twin Dolphin Ln

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,440
Listed2025-03-11
Days on market

Asking rent: $8,000

View on Zillow →

1800 SE Admirals Way

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,810
Listed2026-03-11
Days on market

Asking rent: $19,995

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
1109 SE 11th Ctsingle_family432,668$1,750,0002026-07-27
912 SE 13th Stsingle_family42988$1,450,0002026-07-17
8 Harboragesingle_family467,546$13,700,0002026-07-16
1200 Cordova Rdsingle_family454,274$3,600,0002026-07-10
1520 SE 10th Stsingle_family434,146$6,325,0002026-07-08
1601 Seabreeze Blvdsingle_family431,997$1,650,0002026-06-09
1417 Ponce De Leon Drsingle_family433,332$2,875,0002026-06-03
1618 SE 14th Stsingle_family442,590$2,675,0002026-06-02
1212 Ponce De Leon Drsingle_family432,734$2,210,0002026-05-18
1900 Admirals Waysingle_family432,681$1,875,0002026-05-08
1111 SE 9th Avesingle_family453,600$3,325,0002026-05-05
1344 Seabreeze Blvdsingle_family442,605$1,635,0002026-04-06
1013 SE 9th Stsingle_family454,002$2,999,0002026-03-26
716 Ponce De Leon Drsingle_family432,215$1,800,0002026-02-02
2608 Inlet Drsingle_family421,834$2,850,0002026-01-15
1925 Harbourview Drsingle_family454,306$4,300,0002026-01-14
1959 Marietta Drsingle_family422,237$1,985,0002026-01-09
1213 Cordova Rdsingle_family452,321$1,298,0002026-01-08
1813 SE 9th Stsingle_family443,288$3,977,8002025-12-31
924 S Rio Vista Blvdsingle_family443,442$2,900,0002025-12-11
1132 SE 6th Tersingle_family453,642$2,850,0002025-12-10
1236 E Lake Drsingle_family422,400$1,650,0002025-12-08
2642 Barbara Drsingle_family453,432$1,835,0002025-11-14
2542 Laguna Drsingle_family433,178$7,550,0002025-11-04
1206 E Lake Drsingle_family443,500$3,225,0002025-10-20
1925 SE 25th Avesingle_family432,253$1,500,0002025-09-04

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
1700 Marietta Drsingle_family432,070$2,699,500
1322 Cordova Rdsingle_family431,762$2,650,000
1518 E Lake Drsingle_family453,781$3,995,000
2100 S Ocean Ln Unit 101-102condos443,003$1,299,000
1313 Seabreeze Blvd Unit Bsingle_family432,623$1,850,000
801 Seabreeze Blvd Ph 2406condos454,982$22,000,000
1630 SE 11th Stsingle_family442,545$3,750,000
1701 SE 10th Stsingle_family454,240$4,900,000

10-year hold projection

IRR-4.4%
Equity multiple0.26x
Total return (10yr)-$119,693
YearProperty valueNOICash flowLoan balanceEquity
1$2,312,350$22,905-$120,394$1,776,527$535,823
2$2,381,721$23,919-$119,500$1,755,718$626,003
3$2,453,172$24,972-$118,570$1,733,479$719,693
4$2,526,767$26,065-$117,603$1,709,713$817,055
5$2,602,570$27,199-$116,598$1,684,315$918,256
6$2,680,647$28,376-$115,554$1,657,172$1,023,475
7$2,761,067$29,597-$114,468$1,628,166$1,132,901
8$2,843,899$30,865-$113,340$1,597,168$1,246,730
9$2,929,216$32,179-$112,168$1,564,042$1,365,174
10$3,017,092$33,543-$110,950$1,528,640$1,488,452
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.