1360 98th St
Bay Harbor Islands, FL 33154 · single_family · For Sale · 6 days on market
Asking price$6,499,000
6 beds 7 baths 3,724 sqft
Listed by Shneur Shapiro · The Brokerage South Florida Real Estate, LLC.
Typesingle_family
Built2017
Price / sqft$1745
Est. value (own analysis)$7,445,243
Rent estimate (Zillow ZIP avg)$4,738/mo
HOANone
1 / 39
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Statusfor_sale
Listed date2026-08-27
Removed date—
MLSMiamiMLS #A12078659
Coordinates25.88789, -80.13798
Address1360 98th St
CityBay Harbor Islands
StateFL
Zip33154
Listing ID5481269171
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 | $6,499,000 |
| Down payment (20.0%) | $1,299,800 |
| Loan amount | $5,199,200 |
| Closing costs (5.0%) | $324,950 |
| Total cash to close | $1,624,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $4,738$56,861 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,359$52,312 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $10,290$123,481 |
| Insurance (placeholder 0.8% of price) | $4,333$51,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $237$2,843 |
| Total operating expenses | $14,860$178,316 |
| 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) | $237$2,843 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 9045 Hawthorne Ave | single_family | 6 | 7 | 6,222 | $8,750,000 | 2026-06-26 |
| 8900 Bay Dr | single_family | 6 | 5 | 5,485 | $14,300,000 | 2026-04-14 |
| 9264 Dickens Ave | single_family | 6 | 4 | 3,692 | $4,350,000 | 2026-03-25 |
| 217 Bal Cross Dr | single_family | 6 | 7 | 5,402 | $10,800,000 | 2026-03-05 |
| 10241 E Broadview Dr | single_family | 6 | 6 | 5,888 | $12,800,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 9280 Byron Ave | single_family | 6 | 6 | 4,077 | $4,999,000 | — |
| 10203 Collins Ave Unit 2801 | condos | 6 | 8 | 8,993 | $69,500,000 | — |
| 919 92nd St | single_family | 6 | 7 | — | $16,150,000 | — |
| 9424 9432 Carlyle Ave | single_family | 6 | 4 | — | $4,250,000 | — |
| 1251 99th St | single_family | 6 | 7 | 5,538 | $7,490,000 | — |
| 9705 Collins Ave Units 1701N & 1702N | condos | 6 | 8 | — | $20,000,000 | — |
| 96 Bal Cross Dr | single_family | 6 | 8 | — | $7,800,000 | — |
| 9407 E Broadview Dr | single_family | 6 | 8 | 6,906 | $24,700,000 | — |
10-year hold projection
IRR-11.8%
Equity multiple-1.02x
Total return (10yr)-$2,430,188
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,693,970 | -$126,004 | -$529,785 | $5,142,829 | $1,551,141 |
| 2 | $6,894,789 | -$128,893 | -$532,744 | $5,082,587 | $1,812,202 |
| 3 | $7,101,633 | -$131,846 | -$535,770 | $5,018,208 | $2,083,424 |
| 4 | $7,314,682 | -$134,864 | -$538,864 | $4,949,409 | $2,365,273 |
| 5 | $7,534,122 | -$137,950 | -$542,026 | $4,875,884 | $2,658,238 |
| 6 | $7,760,146 | -$141,105 | -$545,259 | $4,797,311 | $2,962,835 |
| 7 | $7,992,950 | -$144,329 | -$548,564 | $4,713,342 | $3,279,608 |
| 8 | $8,232,739 | -$147,625 | -$551,942 | $4,623,607 | $3,609,132 |
| 9 | $8,479,721 | -$150,994 | -$555,395 | $4,527,709 | $3,952,012 |
| 10 | $8,734,113 | -$154,437 | -$558,925 | $4,425,226 | $4,308,886 |
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.