1300 Lincoln Rd Unit D204
Miami Beach, FL 33139 · condos · For Sale · 104 days on market
Asking price$419,000
3 beds 2 baths 1,090 sqft
Listed by Karl Hueck · The Lab Realty Group, llc
Typecondos
Built1966
Price / sqft$384
Est. value (own analysis)$1,956,410
Rent estimate (own analysis)$7,000/mo
HOA$1,260/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-21
Removed date—
MLSMiamiMLS #A12021582
Coordinates25.79003, -80.14278
Address1300 Lincoln Rd Unit D204
CityMiami Beach
StateFL
Zip33139
Listing ID5717781098
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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 | $419,000 |
| Down payment (20.0%) | $83,800 |
| Loan amount | $335,200 |
| Closing costs (5.0%) | $20,950 |
| Total cash to close | $104,750 |
| Income | |
| Rent (comp-derived) | $7,000$84,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,440$77,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $663$7,961 |
| Insurance (est. scaled by flood & wind risk) | $615$7,374 |
| HOA dues | $1,260$15,120 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,200 |
| Total operating expenses | $2,888$34,655 |
| 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) | $350$4,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,180 | $12,000 | 2023-03-13 | — | |
| condos | 3 | 2 | 1,068 | $4,650 | 2026-06-30 | — | |
| condos | 3 | 2 | 1,328 | $6,000 | 2025-11-04 | — | |
| condos | 3 | 2 | 1,090 | $3,795 | 2026-05-21 | — | |
| condos | 3 | 2 | 1,127 | $5,000 | 2026-08-26 | — | |
| condos | 3 | 3 | 1,470 | $15,000 | 2026-08-11 | — | |
| condos | 3 | 3 | 1,360 | $4,700 | 2026-08-06 | — | |
| apartment | 3 | 2 | 1,200 | $4,000 | 2026-07-03 | — | |
| apartment | 3 | 2 | 1,000 | $4,150 | 2026-06-17 | — | |
| condos | 3 | 3 | 1,430 | $7,000 | 2024-12-18 | — | |
| condos | 3 | 4 | 1,284 | $6,000 | 2026-05-01 | — | |
| condos | 3 | 3 | 1,455 | $8,500 | 2026-06-05 | — | |
| apartment | 3 | 2 | 1,205 | $4,350 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,191 | $8,900 | 2026-08-13 | — | |
| condos | 3 | 2 | 1,191 | $9,500 | 2026-07-31 | — | |
| condos | 3 | 2 | 1,234 | $9,000 | 2026-08-16 | — | |
| condos | 3 | 2 | 1,180 | $10,000 | 2026-04-24 | — | |
| condos | 3 | 2 | 1,180 | $25,000 | 2023-11-30 | — | |
| condos | 3 | 2 | 1,191 | $9,500 | 2026-06-23 | — | |
| apartment | 3 | 2 | 1,200 | $9,500 | — | — | |
| condos | 3 | 3 | 1,360 | $4,700 | — | — | |
| condos | 3 | 2 | 1,127 | $5,000 | — | — | |
| condos | 3 | 2 | 1,372 | $9,500 | 2025-10-06 | — | |
| condos | 3 | 2 | 1,294 | $7,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 501 West Ave Unit 4303 | condos | 3 | 5 | 2,451 | $8,450,000 | 2026-08-24 |
| 300 S Pointe Dr Apt 1501 | condos | 3 | 3 | 2,340 | $4,200,000 | 2026-08-21 |
| 1621 Bay Rd Apt 1202 | condos | 3 | 2 | 1,070 | $575,000 | 2026-08-07 |
| 1415 Sunset Harbour Dr Unit 204 | condos | 3 | 3 | 2,640 | $1,670,000 | 2026-07-16 |
| 1900 Sunset Harbour Dr Unit 1008 | condos | 3 | 3 | 1,550 | $1,500,000 | 2026-07-13 |
| 500 Alton Rd Unit 901 | condos | 3 | 4 | 2,178 | $3,150,000 | 2026-07-06 |
| 1300 Monad Ter Unit 3B | condos | 3 | 4 | 2,691 | $3,525,000 | 2026-06-30 |
| 1000 S Pointe Dr Apt 1501 | condos | 3 | 4 | 3,365 | $7,400,000 | 2026-06-25 |
| 400 S Pointe Dr Apt 1610 | condos | 3 | 3 | 1,559 | $2,405,000 | 2026-06-24 |
| 1201 20th St Ph 7 | condos | 3 | 3 | 1,745 | $3,000,000 | 2026-06-17 |
| 100 S Pointe Dr Apt 2604 | condos | 3 | 4 | 2,985 | $11,150,000 | 2026-06-05 |
| 500 Alton Rd Unit 3503 | condos | 3 | 5 | 2,615 | $6,674,000 | 2026-06-05 |
| 800 S Pointe Dr Apt 2102 | condos | 3 | 4 | 2,756 | $10,500,000 | 2026-06-04 |
| 1300 Monad Ter Unit 3F | condos | 3 | 4 | 2,658 | $6,075,000 | 2026-06-03 |
| 501 West Ave Unit 3405 | condos | 3 | 4 | 1,969 | $4,150,000 | 2026-06-02 |
| 500 Alton Rd Unit 3602 | condos | 3 | 4 | 2,930 | $6,175,000 | 2026-06-01 |
| 1000 S Pointe Dr Apt 3501 | condos | 3 | 4 | 3,365 | $10,300,000 | 2026-05-15 |
| 400 Alton Rd Apt 3503 | condos | 3 | 4 | 3,284 | $5,750,000 | 2026-05-14 |
| 500 Alton Rd Unit 903 | condos | 3 | 4 | 1,991 | $3,400,000 | 2026-05-12 |
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 |
|---|---|---|---|---|---|---|
| 1000 Venetian Way Apt 403 | condos | 3 | 3 | 2,445 | $2,250,000 | — |
| 1000 Venetian Way Apt 1902 | condos | 3 | 3 | 2,010 | $2,100,000 | — |
| 109 1st Dilido Ter | single_family | 3 | 4 | 2,481 | $4,450,000 | — |
| 1324 Lenox Ave | single_family | 3 | 2 | 1,804 | $1,600,000 | — |
| 288 Palm Ave | single_family | 3 | 3 | 2,022 | $4,250,000 | — |
| single_family | 3 | 4 | 3,029 | $13,000,000 | — | |
| 1800 Sunset Harbour Dr Unit 1212 | condos | 3 | 3 | 1,900 | $2,225,000 | — |
| 1853 Jefferson Ave Apt 6 | townhomes | 3 | 4 | 1,430 | $995,000 | — |
10-year hold projection
IRR21.0%
Equity multiple4.16x
Total return (10yr)$386,127
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $431,570 | $42,625 | $12,576 | $331,566 | $100,004 |
| 2 | $444,517 | $44,077 | $13,923 | $327,682 | $116,835 |
| 3 | $457,853 | $45,577 | $15,315 | $323,531 | $134,322 |
| 4 | $471,588 | $47,126 | $16,754 | $319,095 | $152,493 |
| 5 | $485,736 | $48,726 | $18,241 | $314,355 | $171,381 |
| 6 | $500,308 | $50,379 | $19,778 | $309,289 | $191,019 |
| 7 | $515,317 | $52,087 | $21,367 | $303,876 | $211,442 |
| 8 | $530,777 | $53,850 | $23,009 | $298,090 | $232,687 |
| 9 | $546,700 | $55,672 | $24,705 | $291,907 | $254,793 |
| 10 | $563,101 | $57,553 | $26,459 | $285,300 | $277,801 |
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.