1020 SE 9th Ave
Fort Lauderdale, FL 33316 · single_family · For Sale · 50 days on market
Asking price$4,285,000
5 beds 6 baths 4,310 sqft
Suggested offer$3,367,231$917,769 above the est. market value of $3,367,231.
View on Realtor.com →Listed by Alin Zdroba · Propertio
Typesingle_family
Built2026
Price / sqft$994
Est. value (own analysis)$3,367,231
Rent estimate (own analysis)$25,500/mo
HOANone
1 / 51
Show every detail
Statusfor_sale
Listed date2026-07-14
Removed date—
MLSBeachesMLS #B26052050
Coordinates26.10981, -80.13361
Address1020 SE 9th Ave
CityFort Lauderdale
StateFL
Zip33316
Listing ID6259530778
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 | $4,285,000 |
| Down payment (20.0%) | $857,000 |
| Loan amount | $3,428,000 |
| Closing costs (5.0%) | $214,250 |
| Total cash to close | $1,071,250 |
| Income | |
| Rent (comp-derived) | $25,500$306,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,460$281,520 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,785$81,415 |
| Insurance (placeholder 0.8% of price) | $2,857$34,280 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,275$15,300 |
| Total operating expenses | $10,916$130,995 |
| 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) | $1,275$15,300 |
| 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 | 5 | 6 | 3,891 | $11,000 | 2025-01-16 | — | |
| single_family | 5 | 4 | 2,278 | $14,000 | 2026-03-11 | — | |
| single_family | 5 | 6 | 5,950 | $39,995 | 2026-03-11 | — | |
| single_family | 5 | 7 | 6,007 | $37,000 | 2026-06-11 | — | |
| single_family | 5 | 6 | 4,935 | $50,000 | 2026-06-10 | — | |
| single_family | 5 | 4 | 2,523 | $12,000 | 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 |
|---|---|---|---|---|---|---|
| 4 Isla Bahia Dr | single_family | 5 | 5 | 5,287 | $9,900,000 | 2026-07-30 |
| 1517 SE 12th Ct | single_family | 5 | 5 | 4,782 | $5,600,000 | 2026-06-30 |
| 1017 SE 13th Ter | single_family | 5 | 4 | 2,733 | $2,100,000 | 2026-05-29 |
| 1511 S Ocean Dr | single_family | 5 | 4 | 2,952 | $1,800,000 | 2026-05-22 |
| 2024 Harbourview Dr | single_family | 5 | 6 | 4,621 | $2,995,000 | 2026-03-31 |
| 1733 SE 10th St | single_family | 5 | 7 | 5,760 | $9,900,000 | 2026-03-31 |
| 1125 SE 8th St | single_family | 5 | 4 | 3,274 | $2,600,000 | 2026-03-31 |
| 904 Ponce De Leon Dr | single_family | 5 | 4 | 3,624 | $2,950,000 | 2026-03-30 |
| 1429 SE 12th Ct | single_family | 5 | 5 | 6,000 | $2,625,000 | 2026-03-06 |
| 1020 Ponce De Leon Dr | single_family | 5 | 5 | 5,211 | $3,850,000 | 2026-01-29 |
| 721 SE 9th St | single_family | 5 | 6 | 4,366 | $3,160,000 | 2026-01-26 |
| 1544 Ponce De Leon Dr | single_family | 5 | 6 | 3,710 | $4,200,000 | 2025-12-31 |
| 1716 SE 11th St | single_family | 5 | 2 | 3,744 | $1,142,200 | 2025-12-10 |
| 1737 SE 13th St | single_family | 5 | 6 | 5,254 | $7,050,000 | 2025-09-23 |
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 |
|---|---|---|---|---|---|---|
| 1308 Seabreeze Blvd | single_family | 5 | 4 | 2,650 | $2,200,000 | — |
| 1500 SE 14th St | single_family | 5 | 8 | 5,424 | $6,749,000 | — |
| 1316 Cordova Rd | single_family | 5 | 8 | 5,591 | $7,950,000 | — |
| 1780 SE 9th St | single_family | 5 | 5 | 5,079 | $6,390,000 | — |
| 1550 Ponce De Leon Dr | single_family | 5 | 6 | 4,040 | $4,395,000 | — |
| 1016 SE 8th St | single_family | 5 | 6 | 3,907 | $4,195,000 | — |
| 12 Sylvan Ln | single_family | 5 | 6 | 6,878 | $6,900,000 | — |
| 1636 SE 14th St | single_family | 5 | 4 | 3,508 | $3,500,000 | — |
10-year hold projection
IRR2.1%
Equity multiple1.34x
Total return (10yr)$928,790
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,413,550 | $150,525 | -$129,126 | $3,390,833 | $1,022,717 |
| 2 | $4,545,957 | $155,696 | -$124,338 | $3,351,113 | $1,194,843 |
| 3 | $4,682,335 | $161,038 | -$119,388 | $3,308,666 | $1,373,669 |
| 4 | $4,822,805 | $166,557 | -$114,270 | $3,263,305 | $1,559,501 |
| 5 | $4,967,489 | $172,259 | -$108,980 | $3,214,828 | $1,752,662 |
| 6 | $5,116,514 | $178,150 | -$103,512 | $3,163,022 | $1,953,492 |
| 7 | $5,270,010 | $184,236 | -$97,859 | $3,107,658 | $2,162,351 |
| 8 | $5,428,110 | $190,522 | -$92,016 | $3,048,493 | $2,379,617 |
| 9 | $5,590,953 | $197,016 | -$85,976 | $2,985,265 | $2,605,688 |
| 10 | $5,758,682 | $203,725 | -$79,734 | $2,917,694 | $2,840,987 |
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.