1080 Brickell Ave Unit 3900-3901
Miami, FL 33131 · condos · For Sale · 237 days on market
Asking price$2,449,000
4 beds 5 baths 1,593 sqft
Suggested offer$1,873,113$575,887 above the est. market value of $1,873,113.
View on Realtor.com →Listed by Lucas Boccheciampe · Vantage Real Estate LLC
Typecondos
Built2016
Price / sqft$1537
Est. value (own analysis)$1,873,113
Rent estimate (own analysis)$27,000/mo
HOA$4,270/mo
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Statusfor_sale
Listed date2026-01-08
Removed date—
MLSMiamiMLS #A11941874
Coordinates25.76277, -80.19243
Address1080 Brickell Ave Unit 3900-3901
CityMiami
StateFL
Zip33131
Listing ID5033821032
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33131)
Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,449,000 |
| Down payment (20.0%) | $489,800 |
| Loan amount | $1,959,200 |
| Closing costs (5.0%) | $122,450 |
| Total cash to close | $612,250 |
| Income | |
| Rent (comp-derived) | $27,000$324,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $24,840$298,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,878$46,531 |
| Insurance (placeholder 0.8% of price) | $1,633$19,592 |
| HOA dues | $4,270$51,240 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,350$16,200 |
| Total operating expenses | $11,130$133,563 |
| 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) | $1,350$16,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 4 | 2,391 | $24,000 | 2026-08-17 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-11 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-07 | — | |
| condos | 4 | 3 | 2,646 | $10,000 | 2026-07-20 | — | |
| condos | 4 | 4 | 2,365 | $13,800 | 2026-07-10 | — | |
| condos | 4 | 6 | 3,536 | $34,000 | 2026-07-09 | — | |
| condos | 4 | 6 | 3,601 | $45,000 | 2026-06-03 | — | |
| condos | 4 | 6 | 3,536 | $25,000 | 2026-05-18 | — | |
| condos | 4 | 5 | 3,657 | $32,000 | 2026-05-07 | — | |
| condos | 4 | 8 | 9,681 | $240,000 | 2026-08-01 | — | |
| condos | 4 | 6 | 3,536 | $23,000 | 2026-03-26 | — | |
| condos | 4 | 5 | 3,415 | $20,000 | 2026-02-25 | — |
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 |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Unit 1101E | condos | 4 | 5 | 3,643 | $4,650,000 | 2026-06-17 |
| 300 N Biscayne Boulevard Way Unit 4104C | condos | 4 | 6 | 3,214 | $4,387,500 | 2026-05-19 |
| 1331 Brickell Bay Dr Apt 4201 | condos | 4 | 5 | 3,415 | $3,672,000 | 2026-04-17 |
| 200 Biscayne Boulevard Way Apt 5402 | condos | 4 | 6 | 4,310 | $4,190,500 | 2026-02-26 |
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 |
|---|---|---|---|---|---|---|
| 825 Brickell Bay Dr Apt 1151 | condos | 4 | 3 | 1,980 | $750,000 | — |
| 1425 Brickell Ave Apt 42E | condos | 4 | 4 | 3,357 | $5,000,000 | — |
| 901 Brickell Key Blvd Apt 2408 | condos | 4 | 5 | 2,860 | $3,995,000 | — |
| 300 Biscayne Blvd Way Unit 1904C | condos | 4 | 6 | 3,536 | $4,995,000 | — |
| 300 Biscayne Blvd Way Apt 1704 | condos | 4 | 6 | 3,225 | $4,950,000 | — |
| 1430 Brickell Ave Unit 5002 | condos | 4 | 4 | 6,686 | $15,012,900 | — |
| 1331 Brickell Bay Dr Apt 3311 | condos | 4 | 5 | 3,415 | $3,795,000 | — |
| 1331 Brickell Bay Dr Apt 4605 | condos | 4 | 5 | 3,860 | $5,375,000 | — |
10-year hold projection
IRR10.9%
Equity multiple2.70x
Total return (10yr)$1,362,365
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,522,470 | $164,517 | -$2,767 | $1,937,958 | $584,512 |
| 2 | $2,598,144 | $170,120 | $2,431 | $1,915,257 | $682,887 |
| 3 | $2,676,088 | $175,908 | $7,804 | $1,890,997 | $785,091 |
| 4 | $2,756,371 | $181,887 | $13,357 | $1,865,072 | $891,299 |
| 5 | $2,839,062 | $188,063 | $19,097 | $1,837,366 | $1,001,697 |
| 6 | $2,924,234 | $194,442 | $25,029 | $1,807,757 | $1,116,477 |
| 7 | $3,011,961 | $201,031 | $31,160 | $1,776,115 | $1,235,846 |
| 8 | $3,102,320 | $207,836 | $37,495 | $1,742,300 | $1,360,020 |
| 9 | $3,195,390 | $214,865 | $44,043 | $1,706,164 | $1,489,226 |
| 10 | $3,291,251 | $222,125 | $50,809 | $1,667,545 | $1,623,706 |
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.