1020 94th St Apt 203
Bay Harbor Islands, FL 33154 · condos · For Sale · 607 days on market
Asking price$399,999
2 beds 2 baths 929 sqft
Listed by Eugene Vertsberger · FIP Realty Services, LLC
Typecondos
Built1968
Price / sqft$431
Est. value (own analysis)$625,465
Rent estimate (own analysis)$3,825/mo
HOA$1,100/mo
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Statusfor_sale
Listed date2025-01-03
Removed date—
MLSMiamiMLS #A11717434
Coordinates25.88454, -80.12953
Address1020 94th St Apt 203
CityBay Harbor Islands
StateFL
Zip33154
Listing ID5471244633
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33154)
Typical home value (ZHVI)$1,230,561
Typical rent (ZORI)$4,738/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 | $399,999 |
| Down payment (20.0%) | $80,000 |
| Loan amount | $319,999 |
| Closing costs (5.0%) | $20,000 |
| Total cash to close | $100,000 |
| Income | |
| Rent (comp-derived) | $3,825$45,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,519$42,228 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,600 |
| Insurance (placeholder 0.8% of price) | $267$3,200 |
| HOA dues | $1,100$13,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $191$2,295 |
| Total operating expenses | $2,191$26,295 |
| 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) | $191$2,295 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 1 | 1,000 | $2,795 | 2023-12-07 | — | |
| condos | 2 | 2 | 1,052 | $2,875 | 2025-07-22 | — | |
| condos | 2 | 2 | 1,030 | $3,000 | 2026-08-05 | — | |
| condos | 2 | 1 | 930 | $2,800 | 2026-08-21 | — | |
| apartment | 2 | 1 | 950 | $1,950 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,024 | $3,650 | 2026-08-25 | — | |
| apartment | 2 | 2 | 1,100 | $3,250 | 2026-06-18 | — | |
| condos | 2 | 1 | 1,060 | $3,870 | 2026-08-20 | — | |
| condos | 2 | 2 | 1,056 | $5,500 | 2026-08-22 | — | |
| apartment | 2 | 2 | 1,250 | $2,650 | 2026-07-21 | — | |
| apartment | 2 | 2 | 1,056 | $4,100 | 2026-07-07 | — | |
| apartment | 2 | 2 | 1,000 | $3,250 | 2026-05-07 | — | |
| condos | 2 | 2 | 1,111 | $3,500 | 2026-06-10 | — | |
| condos | 2 | 2 | 929 | $2,390 | 2026-05-25 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-03-20 | — | |
| apartment | 2 | 2 | 871 | $2,200 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,049 | $2,900 | 2026-06-10 | — | |
| condos | 2 | 2 | 1,024 | $3,950 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,020 | $2,850 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,122 | $3,600 | 2026-08-03 | — | |
| apartment | 2 | 2 | 1,100 | $2,300 | 2026-04-28 | — | |
| condos | 2 | 2 | 1,001 | $3,650 | 2026-08-11 | — | |
| condos | 2 | 2 | 929 | $2,500 | 2026-02-06 | — | |
| apartment | 2 | 2 | 871 | $2,950 | 2026-05-27 | — | |
| condos | 2 | 2 | 1,002 | $3,500 | 2026-07-10 | — | |
| condos | 2 | 2 | 1,190 | $3,000 | 2026-07-14 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-04-21 | — | |
| condos | 2 | 2 | 975 | $2,700 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,150 | $4,500 | 2026-06-12 | — | |
| condos | 2 | 2 | 1,024 | $3,500 | 2026-05-29 | — | |
| condos | 2 | 2 | 1,056 | $5,500 | 2026-07-09 | — | |
| condos | 2 | 2 | 1,002 | $3,450 | 2026-05-12 | — | |
| condos | 2 | 2 | 1,230 | $4,250 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,056 | $6,500 | 2026-05-15 | — | |
| condos | 2 | 2 | 1,056 | $5,500 | 2026-07-08 | — | |
| condos | 2 | 2 | 918 | $2,750 | 2026-05-18 | — | |
| condos | 2 | 2 | 1,040 | $4,600 | 2026-08-01 | — | |
| condos | 2 | 2 | 1,118 | $4,250 | 2026-08-09 | — | |
| condos | 2 | 2 | 1,056 | $6,300 | 2026-08-03 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-05-26 | — | |
| condos | 2 | 3 | 1,248 | $4,900 | 2026-07-24 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-03-20 | — | |
| condos | 2 | 2 | 1,100 | $4,900 | 2026-06-02 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-04-20 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-04-21 | — | |
| condos | 2 | 2 | 1,010 | $3,975 | 2026-06-02 | — | |
| condos | 2 | 2 | 760 | $3,750 | 2026-07-13 | — | |
| apartment | 2 | 2 | 871 | $2,850 | 2026-05-27 | — | |
| condos | 2 | 2 | 1,110 | $3,100 | 2026-05-05 | — | |
| condos | 2 | 2 | 1,040 | $3,675 | 2026-07-04 | — | |
| condos | 2 | 3 | 1,202 | $8,000 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,153 | $5,500 | 2026-07-01 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-03-20 | — | |
| apartment | 2 | 1 | 1,000 | $2,350 | 2026-04-20 | — | |
| apartment | 2 | 2 | 871 | $2,700 | 2026-04-16 | — | |
| apartment | 2 | 2 | 871 | $2,900 | 2026-04-16 | — | |
| condos | 2 | 2 | 1,150 | $4,850 | 2026-06-25 | — | |
| condos | 2 | 1 | 930 | $4,200 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,002 | $3,600 | 2025-09-08 | — | |
| condos | 2 | 2 | 1,056 | $7,000 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,002 | $3,850 | 2025-03-19 | — | |
| condos | 2 | 2 | 1,170 | $7,500 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,206 | $6,500 | 2026-02-20 | — | |
| condos | 2 | 2 | 1,150 | $6,500 | 2026-02-18 | — | |
| condos | 2 | 2 | 1,150 | $6,500 | 2026-06-29 | — | |
| condos | 2 | 2 | 1,056 | $5,600 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,056 | $6,000 | 2026-06-08 | — | |
| condos | 2 | 2 | 993 | $5,000 | 2026-07-17 | — | |
| condos | 2 | 2 | 1,224 | $4,500 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,056 | $6,500 | 2026-05-20 | — | |
| condos | 2 | 2 | 1,056 | $6,500 | 2026-07-28 | — | |
| apartment | 2 | 2 | 1,161 | $30,310 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,229 | $8,500 | 2025-11-04 | — | |
| condos | 2 | 2 | 1,056 | $7,000 | 2026-04-23 | — | |
| condos | 2 | 2 | 1,056 | $6,900 | 2026-06-04 | — | |
| condos | 2 | 2 | 1,056 | $7,100 | 2026-08-08 | — | |
| condos | 2 | 2 | 1,056 | $5,700 | 2026-05-07 | — | |
| condos | 2 | 2 | 1,236 | $9,800 | 2026-07-08 | — | |
| condos | 2 | 3 | 1,211 | $8,000 | 2026-05-05 | — | |
| condos | 2 | 2 | 1,024 | $3,650 | — | — | |
| apartment | 2 | 1.5 | 1,077 | $2,675 | 2024-06-01 | — | |
| condos | 2 | 2 | 1,142 | $5,500 | — | — | |
| condos | 2 | 1 | 1,060 | $3,870 | — | — | |
| condos | 2 | 2 | 930 | $3,825 | — | — | |
| apartment | 2 | 1 | 930 | $2,800 | — | — | |
| condos | 2 | 2 | 1,192 | $3,300 | — | — | |
| apartment | 2 | 2 | 947 | $5,000 | — | — | |
| condos | 2 | 2 | 1,056 | $6,000 | — | — | |
| condos | 2 | 2 | 927 | $4,000 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 10185 Collins Ave Apt 308 | condos | 2 | 2 | 1,514 | $525,000 | 2026-08-28 |
| 9501 E Bay Harbor Dr Apt 5B | condos | 2 | 2 | 1,485 | $670,000 | 2026-08-28 |
| 9940 W Bay Harbor Dr Unit 7B-S | condos | 2 | 3 | 1,335 | $845,000 | 2026-08-26 |
| 9559 Collins Ave Unit 7D | condos | 2 | 3 | 1,740 | $1,270,000 | 2026-08-26 |
| 20 Park Dr Apt 6 | condos | 2 | 2 | 1,036 | $615,000 | 2026-08-24 |
| 1075 93rd St Apt 106 | condos | 2 | 2 | 840 | $277,000 | 2026-08-24 |
| 10350 W Bay Harbor Dr Ph H | condos | 2 | 2 | 1,335 | $540,000 | 2026-08-21 |
| 9559 Collins Ave Unit 8F | condos | 2 | 2 | 1,260 | $912,000 | 2026-08-21 |
| 9250 W Bay Harbor Dr Ph C | condos | 2 | 2 | 1,675 | $905,000 | 2026-08-14 |
| 9273 Collins Ave Apt 503 | condos | 2 | 2 | 1,024 | $575,000 | 2026-08-14 |
| 9703 Collins Ave Unit 800 | condos | 2 | 2 | 2,721 | $6,150,000 | 2026-08-14 |
| 10140 W Bay Harbor Dr Unit 502B | condos | 2 | 2 | 1,620 | $634,000 | 2026-08-13 |
| 9601 Collins Ave Apt 1502 | condos | 2 | 3 | 2,160 | $2,585,000 | 2026-08-06 |
| 6868882314 | condos | 2 | 3 | 1,740 | $1,350,000 | 2026-08-04 |
| 9595 Collins Ave Unit 3D | condos | 2 | 3 | 1,740 | $1,000,000 | 2026-08-04 |
| 10155 Collins Ave Apt 307 | condos | 2 | 3 | 2,525 | $1,450,000 | 2026-07-31 |
| 9455 Collins Ave Apt 703 | condos | 2 | 2 | 1,170 | $1,110,000 | 2026-07-30 |
| 9601 Collins Ave Apt 1504 | condos | 2 | 3 | 2,160 | $3,850,000 | 2026-07-29 |
| 1075 93rd St Apt 206 | condos | 2 | 2 | 840 | $275,000 | 2026-07-27 |
| 9801 Collins Ave Apt 16U | condos | 2 | 3 | 1,688 | $2,100,000 | 2026-07-21 |
| 10185 Collins Ave Ph 8 | condos | 2 | 2 | 1,514 | $828,000 | 2026-07-15 |
| 9101 E Bay Harbor Dr Apt 705 | condos | 2 | 2 | 1,105 | $480,000 | 2026-07-10 |
| 10201 Collins Ave Unit 611 | condos | 2 | 2 | 1,917 | $4,040,000 | 2026-07-09 |
| 1150 101st St Apt 601 | condos | 2 | 2 | 1,128 | $828,000 | 2026-07-07 |
| 9821 E Bay Harbor Dr Apt 503 | condos | 2 | 2 | 1,143 | $950,000 | 2026-07-02 |
| 9341 Collins Ave Apt 604 | condos | 2 | 2 | 1,277 | $910,000 | 2026-07-01 |
| 9801 Collins Ave Apt 18U | condos | 2 | 2 | 1,688 | $1,550,000 | 2026-06-30 |
| 1177 Kane Concourse Unit 703 | condos | 2 | 3 | 1,756 | $2,200,000 | 2026-06-30 |
| 9901 W Bay Harbor Dr Apt 406 | condos | 2 | 3 | 1,366 | $1,375,000 | 2026-06-26 |
| 1001 91st St Apt 408 | condos | 2 | 2 | 1,192 | $300,000 | 2026-06-26 |
| 9821 E Bay Harbor Dr Apt 502 | condos | 2 | 2 | 1,142 | $850,000 | 2026-06-25 |
| 10175 Collins Ave Apt 404 | condos | 2 | 3 | 2,018 | $1,175,000 | 2026-06-23 |
| 9201 E Bay Harbor Dr Unit 202 | condos | 2 | 3 | 1,420 | $1,580,000 | 2026-06-22 |
| 10101 E Bay Harbor Dr Apt 702 | condos | 2 | 2 | 1,300 | $372,000 | 2026-06-17 |
| 9703 Collins Ave Unit 2615 | condos | 2 | 2 | 1,541 | $3,000,000 | 2026-06-16 |
| 9260 Bay Harbor Ter Apt 3 | condos | 2 | 2 | 1,060 | $360,000 | 2026-06-05 |
| 10203 Collins Ave Unit 204 | condos | 2 | 3 | 1,752 | $2,750,000 | 2026-06-04 |
| 10000 W Bay Harbor Dr Apt 303 | condos | 2 | 3 | 1,484 | $640,000 | 2026-06-01 |
| 10205 Collins Ave Apt 1203 | condos | 2 | 2 | 1,735 | $1,700,000 | 2026-06-01 |
| 10180 W Bay Harbor Dr Apt 2A | condos | 2 | 3 | 2,045 | $870,000 | 2026-06-01 |
| 9001 Collins Ave Unit S402 | condos | 2 | 3 | 2,488 | $6,200,000 | 2026-06-01 |
| 9511 Collins Ave Apt 1109 | condos | 2 | 2 | 1,299 | $850,000 | 2026-06-01 |
| 8855 Collins Ave Apt 4B | condos | 2 | 2 | 1,800 | $950,000 | 2026-05-29 |
| 1142 99th St Apt 23 | condos | 2 | 2 | 1,036 | $300,000 | 2026-05-29 |
| 1177 Kane Concourse Unit 507 | condos | 2 | 3 | — | $2,542,000 | 2026-05-27 |
| 9341 Collins Ave Apt 205 | condos | 2 | 2 | 1,277 | $700,000 | 2026-05-15 |
| 9111 Collins Ave Unit N717 | condos | 2 | 3 | 3,424 | $14,850,000 | 2026-05-15 |
| 1135 103rd St Apt 505 | condos | 2 | 3 | 2,046 | $3,425,000 | 2026-05-11 |
| 9149 Collins Ave Unit 602 | condos | 2 | 3 | 2,848 | $11,875,000 | 2026-05-07 |
| 10155 Collins Ave Apt 1704 | condos | 2 | 3 | 2,525 | $1,700,000 | 2026-05-05 |
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 |
|---|---|---|---|---|---|---|
| 9901 W Bay Harbor Dr Apt 506 | condos | 2 | 2 | 1,366 | $1,498,900 | — |
| 10230 Collins Ave Apt 101 | condos | 2 | 2 | 1,500 | $629,000 | — |
| 9172 Collins Ave Apt 302 | condos | 2 | 2 | 1,002 | $460,000 | — |
| 1065 98th St Apt 1 | condos | 2 | 2 | 974 | $322,000 | — |
| 1 Harbour Way Apt 108 | condos | 2 | 2 | 1,230 | $435,000 | — |
| 10101 E Bay Harbor Dr Apt 502 | condos | 2 | 2 | 1,300 | $450,000 | — |
| 10190 Collins Ave Apt 203 | condos | 2 | 2 | 760 | $817,700 | — |
| 9801 W Collins /Complete Renovated Ave Unit 5O | condos | 2 | 2 | 1,688 | $1,750,000 | — |
10-year hold projection
IRR3.1%
Equity multiple1.50x
Total return (10yr)$102,227
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $411,999 | $15,933 | -$11,039 | $316,530 | $95,469 |
| 2 | $424,359 | $16,543 | -$10,487 | $312,822 | $111,537 |
| 3 | $437,090 | $17,174 | -$9,914 | $308,860 | $128,230 |
| 4 | $450,202 | $17,827 | -$9,321 | $304,625 | $145,577 |
| 5 | $463,708 | $18,503 | -$8,707 | $300,100 | $163,609 |
| 6 | $477,620 | $19,203 | -$8,070 | $295,264 | $182,356 |
| 7 | $491,948 | $19,928 | -$7,410 | $290,096 | $201,852 |
| 8 | $506,707 | $20,679 | -$6,726 | $284,573 | $222,134 |
| 9 | $521,908 | $21,455 | -$6,018 | $278,671 | $243,237 |
| 10 | $537,565 | $22,259 | -$5,284 | $272,363 | $265,202 |
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.