2308 SE 18 St
Fort Lauderdale, FL 33316 · single_family · For Sale · 112 days on market
Asking price$1,575,000
3 beds 3 baths 1,658 sqft
Suggested offer$1,272,614$302,386 above the est. market value of $1,272,614.
View on Realtor.com →Listed by John DeMarco · Remax 5 Star Realty
Typesingle_family
Built1956
Price / sqft$950
Est. value (own analysis)$1,272,614
Rent estimate (own analysis)$4,250/mo
HOANone
1 / 31
Show every detail
Statusfor_sale
Listed date2026-05-13
Removed date—
MLSMiamiMLS #A12018500
Coordinates26.09868, -80.11409
Address2308 SE 18 St
CityFort Lauderdale
StateFL
Zip33316
Listing ID9033849788
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 | $1,575,000 |
| Down payment (20.0%) | $315,000 |
| Loan amount | $1,260,000 |
| Closing costs (5.0%) | $78,750 |
| Total cash to close | $393,750 |
| Income | |
| Rent (comp-derived) | $4,250$51,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,910$46,920 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,494$29,925 |
| Insurance (placeholder 0.8% of price) | $1,050$12,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $213$2,550 |
| Total operating expenses | $3,756$45,075 |
| 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) | $213$2,550 |
| 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 | 3 | 2 | 1,134 | $4,250 | 2026-08-26 | — | |
| single_family | 3 | 2 | 1,200 | $4,800 | 2026-08-13 | — | |
| single_family | 3 | 3 | 1,106 | $4,000 | 2026-07-15 | — | |
| single_family | 3 | 2 | 1,161 | $3,900 | 2026-06-11 | — | |
| single_family | 3 | 3 | 1,787 | $8,000 | 2026-08-12 | — | |
| single_family | 3 | 3 | 1,805 | $12,000 | 2026-08-18 | — | |
| single_family | 3 | 2 | 1,400 | $1,500 | 2026-01-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2711 Mayan Dr | single_family | 3 | 2 | 1,846 | $1,650,000 | 2026-08-27 |
| 1340 Cordova Rd | single_family | 3 | 2 | 1,816 | $2,488,000 | 2026-07-16 |
| 803 SE 12th Ct | single_family | 3 | 3 | 2,120 | $780,000 | 2026-07-15 |
| 1531 SE 12th Ct | single_family | 3 | 3 | 1,238 | $2,500,000 | 2026-06-16 |
| 6640500508 | single_family | 3 | 3 | 3,107 | $3,500,000 | 2026-05-20 |
| 2208 Inlet Dr | single_family | 3 | 3 | 2,095 | $4,750,000 | 2026-05-18 |
| 2636 Grace Dr | single_family | 3 | 3 | 2,510 | $3,100,000 | 2026-04-23 |
| 1524 SE 13th St | single_family | 3 | 2 | — | $3,650,000 | 2026-04-23 |
| 2100 Manatee Dr | single_family | 3 | 2 | 2,050 | $1,440,000 | 2026-04-10 |
| 2506 Barbara Dr | single_family | 3 | 4 | 3,087 | $1,580,000 | 2026-03-30 |
| 2500 Barbara Dr | single_family | 3 | 1 | 2,962 | $2,837,500 | 2026-03-30 |
| 1601 SE 11th St | single_family | 3 | 4 | 2,466 | $2,984,000 | 2026-03-20 |
| 810 SE 10th St | single_family | 3 | 2 | 2,337 | $1,050,000 | 2026-03-18 |
| 1530 Seabreeze Blvd | single_family | 3 | 2 | 2,106 | $1,635,000 | 2026-03-17 |
| 1631 SE 14th St | single_family | 3 | 3 | 2,744 | $3,100,000 | 2026-03-11 |
| 1833 SE 7th St | single_family | 3 | 3 | 3,739 | $4,300,000 | 2026-02-27 |
| 1314 SE 1st Ave | single_family | 3 | 2 | 1,334 | $700,000 | 2026-02-26 |
| 1022 SE 12th Way | single_family | 3 | 2 | 2,590 | $1,500,000 | 2026-02-26 |
| 1323 SE 13th Ter | single_family | 3 | 2 | 1,911 | $1,450,000 | 2026-01-05 |
| 804 SE 10th St | single_family | 3 | 2 | 1,970 | $1,250,000 | 2025-12-24 |
| 1791 SE 10th St | single_family | 3 | 4 | 2,697 | $8,150,000 | 2025-12-22 |
| 804 SE 10th St | single_family | 3 | 3 | 1,970 | $1,250,000 | 2025-12-22 |
| 1240 SE 12th Way | single_family | 3 | 2 | 1,597 | $850,000 | 2025-12-12 |
| 1101 Cordova Rd | single_family | 3 | 2 | 1,958 | $1,748,375 | 2025-12-08 |
| 1223 Cordova Rd | single_family | 3 | 2 | 1,408 | $1,110,000 | 2025-12-05 |
| 2619 Barbara Dr | single_family | 3 | 2 | 2,176 | $2,180,000 | 2025-12-04 |
| 2406 Laguna Dr | single_family | 3 | — | 10,646 | $26,000,000 | 2025-11-25 |
| 121 Rose Dr | single_family | 3 | 2 | 3,681 | $1,500,000 | 2025-11-03 |
| 710 SE 22nd St | single_family | 3 | 3 | 1,244 | $620,000 | 2025-11-03 |
| 710 SE 22nd St | single_family | 3 | 3 | 1,244 | $620,000 | 2025-10-31 |
| 701 S Rio Vista Blvd | single_family | 3 | 3 | 3,415 | $2,450,000 | 2025-10-28 |
| 1204 SE 13th Ter | single_family | 3 | 2 | 1,345 | $727,000 | 2025-10-17 |
| 1909 Admirals Way | single_family | 3 | 3 | 1,970 | $1,300,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 1920 S Ocean Dr Apt 306 | condos | 3 | 3 | 1,329 | $290,000 | — |
| 1920 S Ocean Dr Apt 511 | condos | 3 | 2 | 1,293 | $299,000 | — |
| 1900 S Ocean Dr Apt 812 | condos | 3 | 2 | 1,293 | $365,000 | — |
| 200 SE 19th St | single_family | 3 | 2 | 1,134 | $690,000 | — |
| 1140 SE 6th Ter | single_family | 3 | 4 | 1,725 | $1,750,000 | — |
| 2100 S Ocean Dr Apt 5CD | condos | 3 | 3 | 2,161 | $599,000 | — |
| 413 SE 23rd St | multi_family | 3 | 3 | 2,072 | $890,000 | — |
| 1500 SE 12th St Unit 1A | condos | 3 | 4 | 2,288 | $1,500,000 | — |
10-year hold projection
IRR-6.7%
Equity multiple-0.13x
Total return (10yr)-$238,091
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,622,250 | $1,845 | -$97,870 | $1,246,339 | $375,911 |
| 2 | $1,670,918 | $2,126 | -$97,653 | $1,231,739 | $439,178 |
| 3 | $1,721,045 | $2,421 | -$97,424 | $1,216,138 | $504,907 |
| 4 | $1,772,676 | $2,730 | -$97,181 | $1,199,464 | $573,212 |
| 5 | $1,825,857 | $3,055 | -$96,925 | $1,181,646 | $644,211 |
| 6 | $1,880,632 | $3,395 | -$96,655 | $1,162,604 | $718,028 |
| 7 | $1,937,051 | $3,752 | -$96,371 | $1,142,255 | $794,797 |
| 8 | $1,995,163 | $4,126 | -$96,071 | $1,120,508 | $874,655 |
| 9 | $2,055,018 | $4,517 | -$95,755 | $1,097,267 | $957,750 |
| 10 | $2,116,668 | $4,927 | -$95,422 | $1,072,431 | $1,044,237 |
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.