2100 S Ocean Dr Apt 5CD

Fort Lauderdale, FL 33316 · condos · For Sale · 181 days on market
Asking price$599,000
3 beds 3 baths 2,161 sqft
View on Realtor.com →
Listed by Brian Hero · ONE Sotheby's International Realty
Typecondos
Built1964
Price / sqft$277
Est. value (own analysis)$1,554,883
Rent estimate (own analysis)$7,950/mo
HOA$1,873/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-05
Removed date
MLSMiamiMLS #A11977354
Coordinates26.09545, -80.10871
Address2100 S Ocean Dr Apt 5CD
CityFort Lauderdale
StateFL
Zip33316
Listing ID6681828438
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$599,000
Down payment (20.0%)$119,800
Loan amount$479,200
Closing costs (5.0%)$29,950
Total cash to close$149,750
Rent (comp-derived)$7,950$95,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$95,400
Vacancy rate (assumption) assumption8.0%

$95,400 × 8.0% = $7,632

Effective gross income$7,314$87,768
Property tax (placeholder 1.9% of price)$948$11,381
Insurance (placeholder 0.8% of price)$399$4,792
HOA dues$1,873$22,476
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$398$4,770
Total operating expenses$3,618$43,419
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$87,768
Total operating expenses derived$43,419

$87,768 − $43,419 = $44,349

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$479,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$479,200 amortized at 6.7% over 30 years = $3,079/mo

CapEx reserve (5.0% of GSR)$398$4,770
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$44,349
Annual debt service derived$36,954
Annual CapEx reserve assumption$4,770
Annual PMI assumption$0

($44,349 − $36,954 − $4,770 − $0) ÷ 12 = $219

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$44,349
Purchase price data$599,000

$44,349 ÷ $599,000 = 7.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$2,625
Total cash to close derived$149,750

$2,625 ÷ $149,750 = 1.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$44,349
Annual debt service derived$36,954

$44,349 ÷ $36,954 = 1.20

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$95,400
Purchase price data$599,000

($95,400 ÷ 12) ÷ $599,000 = 1.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$599,000
Gross scheduled rent (annual) comp$95,400

$599,000 ÷ $95,400 = 6.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$43,419
Effective gross income derived$87,768

$43,419 ÷ $87,768 = 49.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$43,419
Annual debt service derived$36,954
Annual PMI assumption$0
Gross scheduled rent (annual) comp$95,400

($43,419 + $36,954 + $0) ÷ $95,400 = 84.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos331,958$7,0002026-08-25
condos342,537$13,5002026-07-11
condos332,380$12,5002026-03-11
condos332,650$8,0002026-06-29
condos342,205$30,0002026-06-08
apartment332,109$4,9502026-07-09
condos331,958$7,9002026-08-18
apartment321,603$3,715

100 S Birch Rd Unit 701B

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,958
Listed2026-08-25
Days on market

Asking rent: $7,000

View on Zillow →

1598 S Ocean Ln Apt 218

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,537
Listed2026-07-11
Days on market

Asking rent: $13,500

View on Zillow →

101 S Fort Lauderdale Beach Blvd Apt 1104

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,380
Listed2026-03-11
Days on market

Asking rent: $12,500

View on Zillow →

2000 S Ocean Dr Apt 1810

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,650
Listed2026-06-29
Days on market

Asking rent: $8,000

View on Zillow →

2321 SE 17th St Unit 401

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,205
Listed2026-06-08
Days on market

Asking rent: $30,000

View on Zillow →

2100 Miami Rd Apt 303

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,109
Listed2026-07-09
Days on market

Asking rent: $4,950

View on Zillow →

100 S Birch Rd Unit 806B

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,958
Listed2026-08-18
Days on market

Asking rent: $7,900

View on Zillow →

410 SE 16th Ct # 001-501

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,603
Listed
Days on market

Asking rent: $3,715

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
545 S Fort Lauderdale Beach Blvd Unit 701-702condos342,150$1,575,0002026-07-27
1532 SE 12th St Apt 302condos343,522$2,300,0002026-07-21
100 S Birch Rd Unit 1504Econdos321,934$1,000,0002026-06-25
2000 S Ocean Ln Apt 202condos321,550$855,0002026-06-18
101 S Fort Lauderdale Beach Blvd Apt 2004condos332,380$2,100,0002026-06-08
17 Port Side Dr Unit 17Acondos332,813$2,100,0002026-06-01
101 S Fort Lauderdale Beach Blvd Apt 2402condos332,380$2,220,0002026-05-07
1532 SE 12th St Ph 1condos342,360$2,125,0002026-05-01
2221 SE 17th St Unit 804condos342,837$5,500,0002026-05-01
2100 S Ocean Ln Unit 1801-2condos343,176$1,200,0002026-04-30
101 S Fort Lauderdale Beach Blvd Apt 1201condos342,950$2,800,0002026-04-21
2100 S Ocean Ln Apt 2306condos332,491$1,950,0002026-04-15
2241 SE 17th St Unit 703condos34$4,900,0002026-03-31
100 S Birch Rd Apt 2702condos331,990$1,400,0002026-03-30
1414 SE 12th St Unit 2Acondos342,107$1,525,0002026-03-23
101 S Fort Lauderdale Beach Blvd Apt 1004condos332,380$1,606,2502026-03-20
1424 SE 12th St Unit 2Acondos342,288$1,365,0002026-03-06
1920 S Ocean Dr Apt 606condos331,329$362,0002026-03-02
2000 S Ocean Dr Apt 1209condos342,335$985,0002026-02-25
100 S Birch Rd Unit 2502Ccondos331,990$1,350,0002026-02-17
2321 SE 17th St Unit 202condos33$3,700,0002026-01-29
1662 S Ocean Ln Apt 158condos321,273$937,5002025-11-03
1819 SE 17th St Apt 1509condos332,005$999,0002025-10-28
101 S Fort Lauderdale Beach Blvd Apt 1405condos342,950$2,160,0002025-10-15
101 S Fort Lauderdale Beach Blvd Apt 2102condos332,380$2,310,4162025-09-10
101 S Fort Lauderdale Beach Blvd Apt 901condos342,950$2,110,0002025-09-10

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
1920 S Ocean Dr Apt 306condos331,329$290,000
1920 S Ocean Dr Apt 511condos321,293$299,000
1900 S Ocean Dr Apt 812condos321,293$365,000
200 SE 19th Stsingle_family321,134$690,000
1140 SE 6th Tersingle_family341,725$1,750,000
413 SE 23rd Stmulti_family332,072$890,000
1500 SE 12th St Unit 1Acondos342,288$1,500,000
1015 SE 11th Ctsingle_family322,357$1,899,999

10-year hold projection

IRR12.7%
Equity multiple2.98x
Total return (10yr)$374,087
YearProperty valueNOICash flowLoan balanceEquity
1$616,970$44,349$2,625$474,004$142,966
2$635,479$45,897$4,054$468,452$167,027
3$654,543$47,496$5,531$462,518$192,025
4$674,180$49,149$7,059$456,177$218,003
5$694,405$50,857$8,638$449,401$245,005
6$715,237$52,623$10,272$442,159$273,079
7$736,694$54,447$11,961$434,419$302,275
8$758,795$56,332$13,708$426,149$332,647
9$781,559$58,280$15,515$417,310$364,249
10$805,006$60,293$17,382$407,864$397,142
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.