2275 Biscayne Blvd Apt 802
Miami, FL 33137 · condos · Pending — under contract · 127 days on market
Asking price$280,000
0 beds 1 baths 775 sqft
Listed by Christian Ferreyra P.A. | Top Producer | Real Estate Consultant · EXP Realty, LLC
Typecondos
Built2005
Price / sqft$361
Est. value (own analysis)$429,703
Rent estimate (own analysis)$2,719/mo
HOA$1,145/mo
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-28
Removed date—
MLSMiamiMLS #A12009051
Coordinates25.79894, -80.18863
Address2275 Biscayne Blvd Apt 802
CityMiami
StateFL
Zip33137
Listing ID5884271419
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $280,000 |
| Down payment (20.0%) | $56,000 |
| Loan amount | $224,000 |
| Closing costs (5.0%) | $14,000 |
| Total cash to close | $70,000 |
| Income | |
| Rent (comp-derived) | $2,719$32,622 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,501$30,012 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $443$5,320 |
| Insurance (est. scaled by flood & wind risk) | $364$4,368 |
| HOA dues | $1,145$13,740 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $136$1,631 |
| Total operating expenses | $2,088$25,059 |
| 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) | $136$1,631 |
| 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 | 535 | $2,903 | 2024-06-11 | — | |
| apartment | 0 | 1 | 610 | $2,631 | 2025-01-04 | — | |
| apartment | 0 | 1 | 527 | $2,668 | 2024-06-11 | — | |
| apartment | 0 | 1 | 536 | $2,900 | 2024-06-11 | — | |
| apartment | 0 | 1 | 516 | $2,655 | 2024-06-11 | — | |
| apartment | 0 | 1 | 538 | $2,200 | 2024-06-11 | — | |
| condos | 0 | 1 | 537 | $2,900 | 2026-08-06 | — | |
| condos | 0 | 1 | 655 | $2,750 | 2026-08-05 | — | |
| condos | 0 | 1 | 535 | $2,695 | 2026-07-24 | — | |
| condos | 0 | 1 | 537 | $2,800 | 2026-07-18 | — | |
| condos | 0 | 1 | 569 | $2,400 | 2026-07-17 | — | |
| condos | 0 | 1 | 569 | $2,600 | 2026-07-13 | — | |
| condos | 0 | 1 | 523 | $3,000 | 2026-07-12 | — | |
| condos | 0 | 1 | 679 | $2,500 | 2026-07-07 | — | |
| condos | 0 | 1 | 537 | $3,000 | 2026-07-07 | — | |
| condos | 0 | 1 | 540 | $2,099 | 2026-05-26 | — | |
| condos | 0 | 1 | 655 | $2,600 | 2026-05-26 | — | |
| condos | 0 | 1 | 521 | $3,500 | 2026-07-27 | — | |
| apartment | 0 | 1 | 600 | $1,500 | 2026-08-25 | — | |
| apartment | 0 | 1 | 556 | $2,650 | 2026-02-27 | — | |
| apartment | 0 | 1 | 610 | $2,774 | — | — | |
| apartment | 0 | 1 | 610 | $2,742 | — | — | |
| apartment | 0 | 1 | 562 | $2,184 | — | — | |
| apartment | 0 | 1 | 529 | $2,153 | — | — | |
| condos | 0 | 1 | 537 | $3,250 | 2026-08-28 | — | |
| apartment | 0 | 1 | 521 | $2,280 | — | — | |
| apartment | 0 | 1 | 556 | $2,900 | — | — | |
| apartment | 0 | 1 | 556 | $2,870 | — | — | |
| apartment | 0 | 1 | 629 | $3,520 | — | — | |
| apartment | 0 | 1 | 598 | $3,485 | — | — | |
| apartment | 0 | 1 | 538 | $2,681 | — | — | |
| apartment | 0 | 1 | 575 | $2,810 | — | — | |
| apartment | 0 | 1 | 560 | $2,649 | — | — | |
| apartment | 0 | 1 | 610 | $2,593 | — | — | |
| apartment | 0 | 1 | 610 | $2,593 | — | — | |
| apartment | 0 | 1 | 511 | $2,545 | — | — | |
| apartment | 0 | 1 | 516 | $2,610 | — | — | |
| apartment | 0 | 1 | 610 | $2,816 | — | — | |
| apartment | 0 | 1 | 534 | $2,954 | — | — | |
| apartment | 0 | 1 | 538 | $2,819 | — | — | |
| apartment | 0 | 1 | 534 | $2,954 | — | — | |
| condos | 0 | 1 | 655 | $2,750 | 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 |
|---|---|---|---|---|---|---|
| 90 NE 32nd St Unit 213 | condos | 0 | 1 | 462 | $525,000 | 2026-08-18 |
| 4250 Biscayne Blvd Apt 1206 | condos | 0 | 1 | 488 | $245,000 | 2026-06-04 |
| 2001 Biscayne Blvd Apt 3413 | condos | 0 | 1 | 505 | $280,000 | 2026-02-02 |
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 |
|---|---|---|---|---|---|---|
| 90 NE 32nd St Unit 413 | condos | 0 | 1 | 461 | $505,000 | — |
| 90 NE 32nd St Unit 1125 | condos | 0 | 1 | 479 | $650,000 | — |
| 90 NE 32nd St Unit 313 | condos | 0 | 1 | 462 | $550,000 | — |
| 3301 NE 1st Ave Apt H1503 | condos | 0 | 1 | 655 | $390,000 | — |
| 3451 NE 1st Ave Apt M0904 | condos | 0 | 1 | 492 | $360,000 | — |
| 90 NE 32nd St Unit 918 | condos | 0 | 1 | — | $625,000 | — |
| 788 NE 23rd St Ph 5701 | condos | 0 | — | 14,179 | $19,999,999 | — |
| 90 NE 32nd Ave Ph 17 | condos | 0 | 1 | 479 | $640,000 | — |
10-year hold projection
IRR-3.0%
Equity multiple0.51x
Total return (10yr)$1,940
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $288,400 | $4,953 | -$13,952 | $221,571 | $66,829 |
| 2 | $297,052 | $5,227 | -$13,719 | $218,976 | $78,076 |
| 3 | $305,964 | $5,512 | -$13,475 | $216,202 | $89,761 |
| 4 | $315,142 | $5,809 | -$13,221 | $213,238 | $101,904 |
| 5 | $324,597 | $6,118 | -$12,956 | $210,071 | $114,526 |
| 6 | $334,335 | $6,440 | -$12,679 | $206,686 | $127,649 |
| 7 | $344,365 | $6,775 | -$12,390 | $203,068 | $141,297 |
| 8 | $354,696 | $7,124 | -$12,089 | $199,202 | $155,494 |
| 9 | $365,336 | $7,487 | -$11,775 | $195,070 | $170,266 |
| 10 | $376,297 | $7,864 | -$11,447 | $190,655 | $185,641 |
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.