1460 Marseille Dr
Miami Beach, FL 33141 · single_family · For Sale · 10 days on market
Asking price$890,000
3 beds 2 baths 2,005 sqft
Suggested offer$429,204$460,797 above the est. market value of $429,204.
View on Realtor.com →Listed by Luft Realty · Luft Realty
Typesingle_family
Built1945
Price / sqft$444
Est. value (Zillow ZIP avg)$429,204
Rent estimate (own analysis)$5,925/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12075743
Coordinates25.85418, -80.13578
Address1460 Marseille Dr
CityMiami Beach
StateFL
Zip33141
Listing ID5547561645
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $890,000 |
| Down payment (20.0%) | $178,000 |
| Loan amount | $712,000 |
| Closing costs (5.0%) | $44,500 |
| Total cash to close | $222,500 |
| Income | |
| Rent (comp-derived) | $5,925$71,100 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,451$65,412 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,409$16,910 |
| Insurance (est. scaled by flood & wind risk) | $1,305$15,664 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $296$3,555 |
| Total operating expenses | $3,011$36,129 |
| 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) | $296$3,555 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,344 | $5,100 | 2026-08-09 | — | |
| single_family | 3 | 2 | 1,533 | $4,500 | 2026-07-13 | — | |
| single_family | 3 | 2 | 2,036 | $5,950 | 2026-08-11 | — | |
| single_family | 3 | 3 | 1,456 | $5,900 | 2026-08-14 | — | |
| single_family | 3 | 2 | 1,337 | $5,000 | 2026-08-05 | — | |
| single_family | 3 | 3 | 1,840 | $6,500 | 2026-08-11 | — | |
| single_family | 3 | 2 | 1,545 | $4,900 | 2026-04-20 | — | |
| single_family | 3 | 2 | 1,462 | $6,000 | 2026-07-02 | — | |
| single_family | 3 | 3 | 1,613 | $6,795 | 2026-08-05 | — | |
| single_family | 3 | 3 | 2,040 | $18,000 | 2026-03-16 | — | |
| single_family | 3 | 3 | 1,950 | $4,210 | 2026-08-13 | — | |
| single_family | 3 | 2 | 2,315 | $3,050 | — | — | |
| single_family | 3 | 3 | 1,613 | $6,795 | — | — | |
| single_family | 3 | 3 | 1,761 | $9,500 | — | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 7940 West Dr Unit 1503 | condos | 3 | 4 | 2,402 | $4,403,900 | — |
| 7441 Wayne Ave Apt 3H | condos | 3 | 2 | 1,181 | $365,000 | — |
| 1885 Daytonia Rd | single_family | 3 | 2 | 2,760 | $3,800,000 | — |
| 771 Fairway Dr | single_family | 3 | 4 | 2,146 | $2,575,000 | — |
| 711 85th St | single_family | 3 | 3 | 1,344 | $699,000 | — |
| 2131 Biarritz Dr | single_family | 3 | 2 | 1,360 | $995,000 | — |
| 6899 Collins Ave Unit 1602 | condos | 3 | 3 | 2,050 | $2,775,000 | — |
| 6620 Indian Creek Dr Apt 712 | condos | 3 | 4 | 1,841 | $1,565,000 | — |
10-year hold projection
IRR1.4%
Equity multiple1.23x
Total return (10yr)$168,296
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $916,700 | $29,283 | -$29,178 | $704,280 | $212,420 |
| 2 | $944,201 | $30,342 | -$28,208 | $696,031 | $248,170 |
| 3 | $972,527 | $31,438 | -$27,203 | $687,214 | $285,313 |
| 4 | $1,001,703 | $32,570 | -$26,164 | $677,793 | $323,910 |
| 5 | $1,031,754 | $33,742 | -$25,088 | $667,724 | $364,030 |
| 6 | $1,062,707 | $34,954 | -$23,974 | $656,964 | $405,743 |
| 7 | $1,094,588 | $36,207 | -$22,822 | $645,465 | $449,123 |
| 8 | $1,127,425 | $37,502 | -$21,629 | $633,176 | $494,249 |
| 9 | $1,161,248 | $38,842 | -$20,395 | $620,044 | $541,204 |
| 10 | $1,196,086 | $40,228 | -$19,118 | $606,009 | $590,076 |
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.