400 SE 22nd St Unit 1
Fort Lauderdale, FL 33316 · townhomes · Pending — under contract · 175 days on market
Asking price$655,000
3 beds 3 baths 1,850 sqft
Listed by GEORGE COLONEY, Agent · Keyes - Ft. Lauderdale
Typetownhomes
Built2025
Price / sqft$354
Est. value (Zillow ZIP avg)$900,000
Rent estimate (own analysis)$4,650/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10424258
Coordinates26.09449, -80.13844
Address400 SE 22nd St Unit 1
CityFort Lauderdale
StateFL
Zip33316
Listing ID9495925855
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 | $655,000 |
| Down payment (20.0%) | $131,000 |
| Loan amount | $524,000 |
| Closing costs (5.0%) | $32,750 |
| Total cash to close | $163,750 |
| Income | |
| Rent (comp-derived) | $4,650$55,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,278$51,336 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,037$12,445 |
| Insurance (est. scaled by flood & wind risk) | $764$9,170 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $233$2,790 |
| Total operating expenses | $2,034$24,405 |
| 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) | $233$2,790 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,634 | $3,800 | 2026-07-24 | — | |
| townhomes | 3 | 3 | 2,068 | $4,650 | 2026-07-31 | — | |
| townhomes | 3 | 3 | 2,530 | $9,500 | 2026-07-17 | — |
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.
No recent recorded sales cached yet for this ZIP.
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
IRR3.7%
Equity multiple1.60x
Total return (10yr)$183,020
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $674,650 | $26,931 | -$16,267 | $518,319 | $156,331 |
| 2 | $694,890 | $27,861 | -$15,407 | $512,247 | $182,642 |
| 3 | $715,736 | $28,822 | -$14,518 | $505,759 | $209,978 |
| 4 | $737,208 | $29,815 | -$13,598 | $498,825 | $238,384 |
| 5 | $759,325 | $30,841 | -$12,648 | $491,414 | $267,910 |
| 6 | $782,104 | $31,900 | -$11,665 | $483,495 | $298,609 |
| 7 | $805,567 | $32,996 | -$10,648 | $475,032 | $330,535 |
| 8 | $829,734 | $34,127 | -$9,598 | $465,988 | $363,746 |
| 9 | $854,626 | $35,296 | -$8,512 | $456,323 | $398,303 |
| 10 | $880,265 | $36,503 | -$7,389 | $445,994 | $434,271 |
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.