1300 Brickell Ave

Miami, FL 33131 · apartment · For Sale · 811 days on market
Asking price$1,900,000
— beds 1 baths 1,011 sqft
Suggested offer$644,078$1,255,922 above the est. market value of $644,078.
View on Realtor.com →
Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typeapartment
Built
Price / sqft$1879
Est. value (own analysis)$644,078
Rent estimate (Zillow ZIP avg)$3,815/mo
HOANone
Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2024-06-13
Removed date
MLSNestSeekers #3664402
Coordinates25.76120, -80.19268
Address1300 Brickell Ave
CityMiami
StateFL
Zip33131
Listing ID5654812841
Sourceus-real-estate-listings, cached 2026-08-29

ZIP market snapshot (33131)

Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/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)

Purchase price$1,900,000
Down payment (20.0%)$380,000
Loan amount$1,520,000
Closing costs (5.0%)$95,000
Total cash to close$475,000
Rent (ZIP avg, ZORI — not bedroom-specific)$3,815$45,781
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,781
Vacancy rate (assumption) assumption8.0%

$45,781 × 8.0% = $3,663

Effective gross income$3,510$42,119
Property tax (placeholder 1.9% of price)$3,008$36,100
Insurance (placeholder 0.8% of price)$1,267$15,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$191$2,289
Total operating expenses$4,466$53,589
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$42,119
Total operating expenses derived$53,589

$42,119 − $53,589 = -$11,470

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,520,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,520,000 amortized at 6.7% over 30 years = $9,768/mo

CapEx reserve (5.0% of GSR)$191$2,289
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$11,470
Annual debt service derived$117,215
Annual CapEx reserve assumption$2,289
Annual PMI assumption$0

(-$11,470 − $117,215 − $2,289 − $0) ÷ 12 = -$10,915

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$11,470
Purchase price data$1,900,000

-$11,470 ÷ $1,900,000 = -0.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$130,975
Total cash to close derived$475,000

-$130,975 ÷ $475,000 = -27.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$11,470
Annual debt service derived$117,215

-$11,470 ÷ $117,215 = -0.10

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,781
Purchase price data$1,900,000

($45,781 ÷ 12) ÷ $1,900,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,900,000
Gross scheduled rent (annual) comp$45,781

$1,900,000 ÷ $45,781 = 41.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$53,589
Effective gross income derived$42,119

$53,589 ÷ $42,119 = 127.2%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$53,589
Annual debt service derived$117,215
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,781

($53,589 + $117,215 + $0) ÷ $45,781 = 373.1%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
848 Brickell Key Dr Apt 2702condos221,440$920,0002026-09-02
950 Brickell Bay Dr Apt 802condos11692$375,0002026-09-01
901 Brickell Key Blvd Apt 3004condos342,591$2,350,0002026-08-31
701 Brickell Key Blvd Apt 1108condos12806$390,0002026-08-31
1425 Brickell Ave Apt 58Econdos343,357$4,800,0002026-08-31
1000 Brickell Plz Unit 4809condos231,236$1,365,0002026-08-28
495 Brickell Ave Apt 5309condos111,035$580,0002026-08-28
848 Brickell Key Dr Apt 2703condos121,087$745,0002026-08-26
475 Brickell Ave Apt 5010condos01546$375,0002026-08-26
900 Brickell Key Blvd Apt 1101condos342,065$2,200,0002026-08-25
200 Biscayne Boulevard Way Apt 3811condos12822$525,0002026-08-24
1010 Brickell Ave Unit 1806condos121,100$699,0002026-08-24
41 SE 5th St Apt 1202condos221,289$580,0002026-08-21
68 SE 6th St Apt 810condos221,193$810,0002026-08-20
55 SE 6th St Apt 1208condos11738$380,0002026-08-19
335 S Biscayne Blvd Apt 3807condos221,178$655,0002026-08-17
801 Brickell Key Blvd Apt 2203condos331,659$1,600,0002026-08-14
335 S Biscayne Blvd Apt 3005condos221,227$640,0002026-08-14
500 Brickell Ave Apt 4101condos331,494$980,0002026-08-13
701 Brickell Key Blvd Apt 1903condos331,719$1,260,0002026-08-12
1200 Brickell Bay Dr Apt 2222condos11825$485,0002026-08-10
1200 Brickell Bay Dr Apt 1924condos321,232$700,0002026-08-10
41 SE 5th St Apt 1702condos221,289$625,0002026-08-07
1200 Brickell Bay Dr Apt 3122condos11825$420,0002026-08-07
701 Brickell Key Blvd Apt 1605condos221,236$650,0002026-08-07
31 SE 6th St Apt 301condos221,116$520,0002026-08-05
540 Brickell Key Dr Apt 414condos12640$281,5002026-08-03
1200 Brickell Bay Dr Ph 4308condos11825$432,0002026-07-30
300 Biscayne Blvd Way Apt 2505condos241,699$2,050,0002026-07-30
1010 Brickell Ave Unit 1504condos231,325$870,0002026-07-27
68 SE 6th St Apt 2409condos231,373$980,0002026-07-27
151 SE 1st St Apt 3202condos21736$452,0002026-07-24
1080 Brickell Ave Unit 3300condos331,593$1,257,5002026-07-23
1408 Brickell Bay Dr Apt 917condos11787$315,0002026-07-23
901 Brickell Key Blvd Apt 1409condos231,418$1,100,0002026-07-22
465 Brickell Ave Apt 917condos11882$615,0002026-07-21
1000 Brickell Plz Unit 2008condos12836$695,0002026-07-20
770 Claughton Island Dr Apt 1905condos11708$320,0002026-07-20
1450 Brickell Bay Dr Apt 311condos221,030$470,0002026-07-20
950 N Brickell Bay Dr Unit 3002condos11688$435,0002026-07-17
170 SE 14th St Apt 2705condos22942$483,0002026-07-16
495 Brickell Ave Apt 5703condos332,172$2,250,0002026-07-15
1300 Brickell Bay Dr Apt 806condos11696$525,0002026-07-13
1200 Brickell Bay Dr Apt 3123condos221,105$629,0002026-07-13
151 SE 1st St Apt 905condos11526$350,0002026-07-10
200 Biscayne Boulevard Way Apt 509condos231,489$1,700,0002026-07-10
68 SE 6th St Apt 2807condos231,244$940,0002026-07-10
1155 Brickell Bay Dr Ph 303condos331,940$1,600,0002026-07-08
888 Brickell Key Dr Apt 210condos221,310$760,0002026-07-07
31 SE 5th St Apt 2604condos221,051$540,0002026-07-06

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.

No other cached listings nearby for this bedroom count yet.

10-year hold projection

IRR-8.5%
Equity multiple-0.44x
Total return (10yr)-$435,617
YearProperty valueNOICash flowLoan balanceEquity
1$1,957,000-$11,470-$130,975$1,503,520$453,480
2$2,015,710-$11,547-$131,108$1,485,908$529,802
3$2,076,181-$11,618-$131,238$1,467,087$609,095
4$2,138,467-$11,685-$131,366$1,446,973$691,494
5$2,202,621-$11,747-$131,489$1,425,478$777,143
6$2,268,699-$11,804-$131,609$1,402,507$866,193
7$2,336,760-$11,855-$131,725$1,377,958$958,802
8$2,406,863-$11,900-$131,836$1,351,724$1,055,140
9$2,479,069-$11,938-$131,943$1,323,688$1,155,381
10$2,553,441-$11,970-$132,044$1,293,727$1,259,715
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.