8101 Biscayne Blvd Unit R414
Miami, FL 33138 · condos · For Sale · 142 days on market
Asking price$295,000
0 beds 1 baths 618 sqft
Listed by Fabrice Ernandes · Serhant
Typecondos
Built1968
Price / sqft$477
Est. value (own analysis)$317,766
Rent estimate (own analysis)$1,525/mo
HOA$503/mo
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Statusfor_sale
Listed date2026-04-14
Removed date—
MLSMiamiMLS #A11999509
Coordinates25.84979, -80.18401
Address8101 Biscayne Blvd Unit R414
CityMiami
StateFL
Zip33138
Listing ID5620836545
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $295,000 |
| Down payment (20.0%) | $59,000 |
| Loan amount | $236,000 |
| Closing costs (5.0%) | $14,750 |
| Total cash to close | $73,750 |
| Income | |
| Rent (comp-derived) | $1,525$18,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,403$16,836 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $467$5,605 |
| Insurance (placeholder 0.8% of price) | $197$2,360 |
| HOA dues | $503$6,036 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $76$915 |
| Total operating expenses | $1,243$14,916 |
| 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) | $76$915 |
| 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 | 0 | 1 | 486 | $1,748 | 2025-03-27 | — | |
| condos | 0 | 1 | 420 | $1,600 | 2026-08-19 | — | |
| apartment | 0 | 1 | 420 | $1,500 | 2025-01-03 | — | |
| condos | 0 | 1 | 571 | $2,100 | 2026-08-15 | — | |
| apartment | 0 | 1 | 618 | $2,200 | 2026-02-05 | — | |
| condos | 0 | 1 | 537 | $1,950 | 2026-08-14 | — | |
| apartment | 0 | 1 | 650 | $1,495 | 2026-03-31 | — | |
| condos | 0 | 1 | 571 | $2,195 | 2026-08-04 | — | |
| apartment | 0 | 1 | 420 | $1,500 | 2026-07-16 | — | |
| apartment | 0 | 1 | 420 | $1,525 | 2026-07-16 | — | |
| condos | 0 | 1 | 450 | $1,450 | 2026-07-08 | — | |
| apartment | 0 | 1 | 698 | $1,500 | — | — | |
| condos | 0 | 1 | 550 | $1,450 | 2023-06-26 | — |
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 |
|---|---|---|---|---|---|---|
| 8101 Biscayne Blvd Unit R509 | condos | 0 | 1 | 1,128 | $580,000 | 2026-05-20 |
| 8101 Biscayne Blvd Unit R513 | condos | 0 | 1 | 534 | $290,000 | 2026-05-15 |
| 880 NE 69th St Apt 14H | condos | 0 | 1 | 580 | $180,000 | 2026-03-25 |
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 |
|---|---|---|---|---|---|---|
| 8101 Biscayne Blvd Unit R410 | condos | 0 | 1 | 533 | $315,000 | — |
| 544 NE 62nd St Unit 544-8 | condos | 0 | 1 | 338 | $155,000 | — |
| 700 NE 63rd St Apt D506 | condos | 0 | 1 | 571 | $244,900 | — |
| 770 NE 69th St Unit 1C | condos | 0 | 1 | 470 | $240,000 | — |
| 7645 NE 1st Ave | single_family | 0 | — | 1,557 | $474,900 | — |
| 8101 Biscayne Blvd Unit R506 | condos | 0 | 1 | 879 | $415,000 | — |
| 700 NE 63rd St Apt D606 | condos | 0 | 1 | 571 | $225,000 | — |
| 770 NE 69th St Unit 1E | condos | 0 | 1 | 470 | $159,990 | — |
10-year hold projection
IRR-5.5%
Equity multiple0.07x
Total return (10yr)-$29,760
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $303,850 | $1,920 | -$17,194 | $233,441 | $70,409 |
| 2 | $312,966 | $2,052 | -$17,085 | $230,707 | $82,259 |
| 3 | $322,354 | $2,190 | -$16,970 | $227,785 | $94,570 |
| 4 | $332,025 | $2,334 | -$16,850 | $224,662 | $107,364 |
| 5 | $341,986 | $2,485 | -$16,725 | $221,324 | $120,662 |
| 6 | $352,245 | $2,641 | -$16,593 | $217,758 | $134,488 |
| 7 | $362,813 | $2,805 | -$16,455 | $213,946 | $148,867 |
| 8 | $373,697 | $2,976 | -$16,311 | $209,873 | $163,824 |
| 9 | $384,908 | $3,154 | -$16,160 | $205,520 | $179,388 |
| 10 | $396,455 | $3,339 | -$16,003 | $200,868 | $195,587 |
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.