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+14 photosLuxury home — 1204 NE 5th Avenue · Progresso · Fort Lauderdale
$1,050,000
1204 NE 5th Avenue, Fort Lauderdale, FL 33304
Fort Lauderdale, FL, 33304
— bd · — ba · 2,660 sqft
Listed by Beachfront Realty Inc
1204 NE 5th Avenue, Fort Lauderdale, FL 33304
Listed by Beachfront Realty Inc
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Estimated monthly payment
$7,527/mo
Income & expenses
| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $6,300 | $75,600 |
| Operating expenses (est.) | $2,118 | $25,410 |
| Net operating income (est.) | $4,183 | $50,190 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$75,600
Property taxes after sale
$12,600
Florida average estimate
Insurance estimate
$5,250
South Florida average insurance estimate
Cap rate — optimistic
5.50%
NOI $57,750/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
4.78%
NOI $50,190/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $7,527/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesFOUR UNIT BUILDING IN EAST FT. LAUDERDALE! INCOME PRODUCING FROM DAY ONE! FULLY RENTED FOR $6,300 PER MONTH / $75,600 PER YEAR! THREE UNITS WERE RENOVATED WITH NEW KITCHEN, UPGRADED LIGHTING AND NEW CABINETS, CERAMIC TILE FLOORING THROUGHOUT. GREAT LOCATION, MINUTS FROM DOWNTOWN FT. LAUDERDALE, MAJOR PLAZAS AND SHOPPING CENTERS.
Property Details
Your costs (est.)
≈ $7,527/mo
1204 NE 5th Avenue, Fort Lauderdale, FL 33304 · Fort Lauderdale
Location
1204 NE 5th Avenue, Fort Lauderdale, FL 33304
What buyers ask about this home
What are the estimated monthly carrying costs at 1204 NE 5th Avenue, Fort Lauderdale, FL 33304?+
Property tax (after sale): $1,521/month est.; homeowners insurance: $557/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,079/month est. Principal and interest: $5,448/month; PMI: $0/month. Total for the payment scenario shown: $7,527/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1204 NE 5th Avenue, Fort Lauderdale, FL 33304?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1204 NE 5th Avenue, Fort Lauderdale, FL 33304 need flood insurance, and what drives the premium?+
Most of Fort Lauderdale sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1204 NE 5th Avenue, Fort Lauderdale, FL 33304?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1204 NE 5th Avenue, Fort Lauderdale, FL 33304?+
This listing has been on the market 41 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Fort Lauderdale. Venice of America — 165+ miles of navigable waterways, Las Olas dining, and easy I-95 / Brightline access.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
North Side Elementary School
Elementary · 0.3 mi from this home · 120 Ne 11Th St, Fort Lauderdale
Sunrise Middle School
Middle school · 1.0 mi from this home · 1750 Ne 14Th St, Fort Lauderdale
Fort Lauderdale High School
High school · 0.5 mi from this home · 1600 Ne 4Th Ave, Fort Lauderdale
Zone boundaries published by Broward County Public Schools.
Other options for this address
Mount Bethel Christian Academy
Elementary · Private · Christian · Grades PK–7 · Fort Lauderdale
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
The International Family Academy
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades K–12 · Port ST. Lucie
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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