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1900 S Ocean Dr Apt 812

Fort Lauderdale, FL 33316 · condos · For Sale · 175 days on market
Asking price$365,000
3 beds 2 baths 1,293 sqft
View on Realtor.com →
Listed by Steven Sarajian · BHHS EWM Realty
Typecondos
Built1962
Price / sqft$282
Est. value (own analysis)$930,339
Rent estimate (own analysis)$3,715/mo
HOA$1,901/mo
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Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10532717
Coordinates26.09801, -80.10863
Address1900 S Ocean Dr Apt 812
CityFort Lauderdale
StateFL
Zip33316
Listing ID6855524996
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$365,000
Down payment (20.0%)$73,000
Loan amount$292,000
Closing costs (5.0%)$18,250
Total cash to close$91,250
Income
Rent (comp-derived)$3,715$44,580
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$44,580
Vacancy rate (assumption) assumption8.0%

$44,580 × 8.0% = $3,566

Effective gross income$3,418$41,014
Operating expenses
Property tax (placeholder 1.9% of price)$578$6,935
Insurance (placeholder 0.8% of price)$243$2,920
HOA dues$1,901$22,812
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$186$2,229
Total operating expenses$2,908$34,896
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,014
Total operating expenses derived$34,896

$41,014 − $34,896 = $6,118

Debt service & reserves
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$292,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$292,000 amortized at 6.7% over 30 years = $1,876/mo

CapEx reserve (5.0% of GSR)$186$2,229
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$6,118
Annual debt service derived$22,518
Annual CapEx reserve assumption$2,229
Annual PMI assumption$0

($6,118 − $22,518 − $2,229 − $0) ÷ 12 = -$1,552

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,118
Purchase price data$365,000

$6,118 ÷ $365,000 = 1.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,629
Total cash to close derived$91,250

-$18,629 ÷ $91,250 = -20.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,118
Annual debt service derived$22,518

$6,118 ÷ $22,518 = 0.27

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$44,580
Purchase price data$365,000

($44,580 ÷ 12) ÷ $365,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$365,000
Gross scheduled rent (annual) comp$44,580

$365,000 ÷ $44,580 = 8.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$34,896
Effective gross income derived$41,014

$34,896 ÷ $41,014 = 85.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$34,896
Annual debt service derived$22,518
Annual PMI assumption$0
Gross scheduled rent (annual) comp$44,580

($34,896 + $22,518 + $0) ÷ $44,580 = 128.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos321,273$6,5002026-03-11—
condos321,273$8,5002026-03-11—
apartment321,235$3,600——
apartment321,603$3,715——
apartment321,235$3,600——
apartment321,235$3,600——
condos321,400$4,6502026-08-17—

1556 S Ocean Ln Apt 103

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,273
Listed2026-03-11
Days on market—

Asking rent: $6,500

View on Zillow →

1575 S Ocean Ln Apt 279

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,273
Listed2026-03-11
Days on market—

Asking rent: $8,500

View on Zillow →

817 SE 2nd Ave Apt 613

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,235
Listed—
Days on market—

Asking rent: $3,600

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 →

817 SE 2nd Ave Apt 517

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,235
Listed—
Days on market—

Asking rent: $3,600

View on Zillow →

817 SE 2nd Ave Apt 317

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,235
Listed—
Days on market—

Asking rent: $3,600

View on Zillow →

420 SE 9th Ct Unit 2

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,400
Listed2026-08-17
Days on market—

Asking rent: $4,650

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—
200 SE 19th Stsingle_family321,134$690,000—
1140 SE 6th Tersingle_family341,725$1,750,000—
2100 S Ocean Dr Apt 5CDcondos332,161$599,000—
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

IRR-3.3%
Equity multiple0.46x
Total return (10yr)-$1,929
YearProperty valueNOICash flowLoan balanceEquity
1$375,950$6,118-$18,629$288,834$87,116
2$387,229$6,476-$18,327$285,451$101,778
3$398,845$6,849-$18,011$281,835$117,010
4$410,811$7,237-$17,681$277,971$132,840
5$423,135$7,643-$17,336$273,842$149,293
6$435,829$8,064-$16,975$269,429$166,400
7$448,904$8,504-$16,599$264,713$184,191
8$462,371$8,961-$16,206$259,673$202,698
9$476,242$9,437-$15,796$254,288$221,955
10$490,529$9,933-$15,368$248,532$241,998
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.