1126 SE 2nd Ave
Fort Lauderdale, FL 33316 · multi_family · For Sale · 133 days on market
Asking price$1,075,000
4 beds 3 baths — sqft
Suggested offer$816,000$259,000 above the est. market value of $816,000.
View on Realtor.com →Listed by Samuel Fugina · Marlin Realty Inc
Typemulti_family
Built1950
Price / sqft—
Est. value (own analysis)$816,000
Rent estimate (building total, own analysis)$7,600/mo
HOANone
1 / 61
Show every detail
Statusfor_sale
Listed date2026-04-22
Removed date—
MLSMiamiMLS #A12005967
Coordinates26.10847, -80.14113
Address1126 SE 2nd Ave
CityFort Lauderdale
StateFL
Zip33316
Listing ID6022109459
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 | $1,075,000 |
| Down payment (20.0%) | $215,000 |
| Loan amount | $860,000 |
| Closing costs (5.0%) | $53,750 |
| Total cash to close | $268,750 |
| Income | |
| Rent (estimate) | $7,600$91,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,992$83,904 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,702$20,425 |
| Insurance (placeholder 0.8% of price) | $717$8,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $380$4,560 |
| Total operating expenses | $2,799$33,585 |
| 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) | $380$4,560 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 900 SE 12th St | multi_family | 2 | 2 | 1,615 | $725,000 | 2026-08-26 |
| 900 SE 12th St | multi_family | 2 | 0 | 1,615 | $725,000 | 2026-08-18 |
| 100 SE 21st St Unit 1-8 | multi_family | — | — | 5,104 | $1,450,000 | 2026-08-03 |
| 823 SE 18th St | multi_family | 4 | 3 | 1,813 | $600,000 | 2026-07-02 |
| 707 SE 18th St Unit 1-2 | multi_family | 2 | 2 | 1,200 | $490,000 | 2026-06-26 |
| 804 SE 13th St Apt 1 | multi_family | 2 | 1 | 3,298 | $356,000 | 2026-06-12 |
| 1790 Harbour Inlet Dr | multi_family | 16 | 20 | 9,419 | $7,150,000 | 2026-06-10 |
| 440 SE 23rd St | multi_family | 14 | 14 | 9,598 | $2,800,000 | 2026-05-28 |
| 2100 Miami Rd | multi_family | — | 0 | 30,891 | $9,000,000 | 2026-04-03 |
| 405-407 SE 23rd St | multi_family | 3 | 3 | 1,650 | $566,500 | 2026-03-12 |
| 412 SE 22nd St # 1-4 | multi_family | — | 0 | 2,482 | $1,000,000 | 2025-12-31 |
| 1901 Miami Rd | multi_family | — | — | 1,980 | $715,000 | 2025-12-12 |
| 1905 Miami Rd | multi_family | — | — | 2,768 | $816,000 | 2025-10-08 |
| 420 SE 18th Ct # 1-3 | multi_family | — | 0 | 2,448 | $835,000 | 2025-09-17 |
| 420 SE 18th Ct | multi_family | — | 0 | 2,448 | $835,000 | 2025-09-11 |
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 | — |
| 1322 Cordova Rd | single_family | 4 | 3 | 1,762 | $2,650,000 | — |
| 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 | — |
10-year hold projection
IRR5.3%
Equity multiple1.85x
Total return (10yr)$369,054
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,107,250 | $50,319 | -$20,560 | $850,676 | $256,574 |
| 2 | $1,140,468 | $51,997 | -$18,997 | $840,711 | $299,756 |
| 3 | $1,174,682 | $53,729 | -$17,381 | $830,062 | $344,619 |
| 4 | $1,209,922 | $55,517 | -$15,713 | $818,682 | $391,240 |
| 5 | $1,246,220 | $57,363 | -$13,989 | $806,521 | $439,699 |
| 6 | $1,283,606 | $59,269 | -$12,209 | $793,524 | $490,083 |
| 7 | $1,322,114 | $61,237 | -$10,370 | $779,634 | $542,480 |
| 8 | $1,361,778 | $63,269 | -$8,470 | $764,791 | $596,987 |
| 9 | $1,402,631 | $65,367 | -$6,508 | $748,929 | $653,702 |
| 10 | $1,444,710 | $67,533 | -$4,481 | $731,977 | $712,733 |
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.