1322 Cordova Rd
Fort Lauderdale, FL 33316 · single_family · For Sale · 5 days on market
Asking price$2,650,000
4 beds 3 baths 1,762 sqft
Suggested offer$1,484,344$1,165,656 above the est. market value of $1,484,344.
View on Realtor.com →Listed by Joseph Beltrand · Charles Rutenberg Realty Fort Lauderdale
Typesingle_family
Built1951
Price / sqft$1504
Est. value (own analysis)$1,484,344
Rent estimate (own analysis)$11,500/mo
HOANone
1 / 47
Show every detail
Statusfor_sale
Listed date2026-08-28
Removed date—
MLSBeachesMLS #B26069487
Coordinates26.10472, -80.12965
Address1322 Cordova Rd
CityFort Lauderdale
StateFL
Zip33316
Listing ID5886189194
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 | $2,650,000 |
| Down payment (20.0%) | $530,000 |
| Loan amount | $2,120,000 |
| Closing costs (5.0%) | $132,500 |
| Total cash to close | $662,500 |
| Income | |
| Rent (comp-derived) | $11,500$138,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,580$126,960 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,196$50,350 |
| Insurance (placeholder 0.8% of price) | $1,767$21,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $575$6,900 |
| Total operating expenses | $6,538$78,450 |
| 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) | $575$6,900 |
| 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 | 4 | 5 | 3,750 | $22,000 | 2026-08-20 | — | |
| single_family | 4 | 2 | 1,722 | $2,900 | 2026-05-07 | — | |
| single_family | 4 | 3 | 2,732 | $15,000 | 2026-07-14 | — | |
| single_family | 4 | 2 | 1,890 | $3,960 | 2026-08-11 | — | |
| single_family | 4 | 3 | 2,440 | $8,000 | 2025-03-11 | — | |
| single_family | 4 | 5 | 2,810 | $19,995 | 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 |
|---|---|---|---|---|---|---|
| 1109 SE 11th Ct | single_family | 4 | 3 | 2,668 | $1,750,000 | 2026-07-27 |
| 912 SE 13th St | single_family | 4 | 2 | 988 | $1,450,000 | 2026-07-17 |
| 8 Harborage | single_family | 4 | 6 | 7,546 | $13,700,000 | 2026-07-16 |
| 1200 Cordova Rd | single_family | 4 | 5 | 4,274 | $3,600,000 | 2026-07-10 |
| 1520 SE 10th St | single_family | 4 | 3 | 4,146 | $6,325,000 | 2026-07-08 |
| 1601 Seabreeze Blvd | single_family | 4 | 3 | 1,997 | $1,650,000 | 2026-06-09 |
| 1417 Ponce De Leon Dr | single_family | 4 | 3 | 3,332 | $2,875,000 | 2026-06-03 |
| 1618 SE 14th St | single_family | 4 | 4 | 2,590 | $2,675,000 | 2026-06-02 |
| 1212 Ponce De Leon Dr | single_family | 4 | 3 | 2,734 | $2,210,000 | 2026-05-18 |
| 1900 Admirals Way | single_family | 4 | 3 | 2,681 | $1,875,000 | 2026-05-08 |
| 1111 SE 9th Ave | single_family | 4 | 5 | 3,600 | $3,325,000 | 2026-05-05 |
| 1344 Seabreeze Blvd | single_family | 4 | 4 | 2,605 | $1,635,000 | 2026-04-06 |
| 1013 SE 9th St | single_family | 4 | 5 | 4,002 | $2,999,000 | 2026-03-26 |
| 716 Ponce De Leon Dr | single_family | 4 | 3 | 2,215 | $1,800,000 | 2026-02-02 |
| 2608 Inlet Dr | single_family | 4 | 2 | 1,834 | $2,850,000 | 2026-01-15 |
| 1925 Harbourview Dr | single_family | 4 | 5 | 4,306 | $4,300,000 | 2026-01-14 |
| 1959 Marietta Dr | single_family | 4 | 2 | 2,237 | $1,985,000 | 2026-01-09 |
| 1213 Cordova Rd | single_family | 4 | 5 | 2,321 | $1,298,000 | 2026-01-08 |
| 1813 SE 9th St | single_family | 4 | 4 | 3,288 | $3,977,800 | 2025-12-31 |
| 924 S Rio Vista Blvd | single_family | 4 | 4 | 3,442 | $2,900,000 | 2025-12-11 |
| 1132 SE 6th Ter | single_family | 4 | 5 | 3,642 | $2,850,000 | 2025-12-10 |
| 1236 E Lake Dr | single_family | 4 | 2 | 2,400 | $1,650,000 | 2025-12-08 |
| 2642 Barbara Dr | single_family | 4 | 5 | 3,432 | $1,835,000 | 2025-11-14 |
| 2542 Laguna Dr | single_family | 4 | 3 | 3,178 | $7,550,000 | 2025-11-04 |
| 1206 E Lake Dr | single_family | 4 | 4 | 3,500 | $3,225,000 | 2025-10-20 |
| 1925 SE 25th Ave | single_family | 4 | 3 | 2,253 | $1,500,000 | 2025-09-04 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1700 Marietta Dr | single_family | 4 | 3 | 2,070 | $2,699,500 | — |
| 1001 SE 10th St | single_family | 4 | 3 | 2,518 | $2,245,000 | — |
| 1518 E Lake Dr | single_family | 4 | 5 | 3,781 | $3,995,000 | — |
| 2100 S Ocean Ln Unit 101-102 | condos | 4 | 4 | 3,003 | $1,299,000 | — |
| 1313 Seabreeze Blvd Unit B | single_family | 4 | 3 | 2,623 | $1,850,000 | — |
| 801 Seabreeze Blvd Ph 2406 | condos | 4 | 5 | 4,982 | $22,000,000 | — |
| 1630 SE 11th St | single_family | 4 | 4 | 2,545 | $3,750,000 | — |
| 1701 SE 10th St | single_family | 4 | 5 | 4,240 | $4,900,000 | — |
10-year hold projection
IRR-2.3%
Equity multiple0.62x
Total return (10yr)$91,373
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,729,500 | $48,510 | -$121,874 | $2,097,014 | $632,486 |
| 2 | $2,811,385 | $50,358 | -$120,199 | $2,072,451 | $738,934 |
| 3 | $2,895,727 | $52,270 | -$118,463 | $2,046,200 | $849,527 |
| 4 | $2,982,598 | $54,251 | -$116,664 | $2,018,146 | $964,452 |
| 5 | $3,072,076 | $56,300 | -$114,800 | $1,988,166 | $1,083,910 |
| 6 | $3,164,239 | $58,422 | -$112,869 | $1,956,128 | $1,208,111 |
| 7 | $3,259,166 | $60,619 | -$110,867 | $1,921,889 | $1,337,277 |
| 8 | $3,356,941 | $62,892 | -$108,794 | $1,885,299 | $1,471,642 |
| 9 | $3,457,649 | $65,245 | -$106,646 | $1,846,196 | $1,611,453 |
| 10 | $3,561,378 | $67,681 | -$104,421 | $1,804,408 | $1,756,970 |
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.