9407 E Broadview Dr
Bay Harbor Islands, FL 33154 · single_family · For Sale · 1 days on market
Asking price$24,700,000
6 beds 8 baths 6,906 sqft
Suggested offer$13,806,886$10,893,114 above the est. market value of $13,806,886.
View on Realtor.com →Listed by Michelle Berlowitz · Douglas Elliman - Bay Harbor Island
Typesingle_family
Built2008
Price / sqft$3577
Est. value (own analysis)$13,806,886
Rent estimate (Zillow ZIP avg)$4,738/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-09-01
Removed date—
MLSMiamiMLS #A12081241
Coordinates25.88435, -80.13455
Address9407 E Broadview Dr
CityBay Harbor Islands
StateFL
Zip33154
Listing ID5501169184
Sourceus-real-estate-listings, cached 2026-09-02
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 | $24,700,000 |
| Down payment (20.0%) | $4,940,000 |
| Loan amount | $19,760,000 |
| Closing costs (5.0%) | $1,235,000 |
| Total cash to close | $6,175,000 |
| 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) | $39,108$469,300 |
| Insurance (est. scaled by flood & wind risk) | $32,110$385,320 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $237$2,843 |
| Total operating expenses | $71,455$857,463 |
| 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 |
|---|---|---|---|---|---|---|
| 1360 98th St | single_family | 6 | 7 | 3,724 | $6,499,000 | — |
| 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 | — |
10-year hold projection
IRR-15.0%
Equity multiple-1.60x
Total return (10yr)-$12,840,325
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $25,441,000 | -$805,151 | -$2,331,791 | $19,545,758 | $5,895,242 |
| 2 | $26,204,230 | -$825,019 | -$2,351,730 | $19,316,803 | $6,887,427 |
| 3 | $26,990,357 | -$845,375 | -$2,372,159 | $19,072,126 | $7,918,231 |
| 4 | $27,800,068 | -$866,231 | -$2,393,090 | $18,810,647 | $8,989,421 |
| 5 | $28,634,070 | -$887,601 | -$2,414,537 | $18,531,211 | $10,102,858 |
| 6 | $29,493,092 | -$909,497 | -$2,436,511 | $18,232,587 | $11,260,505 |
| 7 | $30,377,884 | -$931,931 | -$2,459,025 | $17,913,456 | $12,464,429 |
| 8 | $31,289,221 | -$954,917 | -$2,482,094 | $17,572,409 | $13,716,812 |
| 9 | $32,227,898 | -$978,469 | -$2,505,729 | $17,207,943 | $15,019,955 |
| 10 | $33,194,735 | -$1,002,599 | -$2,529,946 | $16,818,448 | $16,376,287 |
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.