18825 N Bay Rd
Sunny Isles Beach, FL 33160 · single_family · For Sale · 40 days on market
Asking price$3,500,000
5 beds 5 baths — sqft
Listed by Jose Correa Lima · Best Buy Best Sale Realty Inc.
Typesingle_family
Built2008
Price / sqft—
Est. value (own analysis)$3,950,000
Rent estimate (own analysis)$35,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-25
Removed date—
MLSMiamiMLS #A12059699
Coordinates25.95015, -80.12534
Address18825 N Bay Rd
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6360814872
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $3,500,000 |
| Down payment (20.0%) | $700,000 |
| Loan amount | $2,800,000 |
| Closing costs (5.0%) | $175,000 |
| Total cash to close | $875,000 |
| Income | |
| Rent (comp-derived) | $35,000$420,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $32,200$386,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,542$66,500 |
| Insurance (est. scaled by flood & wind risk) | $5,133$61,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,750$21,000 |
| Total operating expenses | $12,425$149,100 |
| 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) | $1,750$21,000 |
| 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 | 5 | 3 | 2,040 | $1,375 | 2026-08-25 | — | |
| single_family | 5 | 5 | 3,156 | $16,500 | 2026-07-07 | — | |
| single_family | 5 | 7 | 3,955 | $38,000 | 2026-08-13 | — | |
| single_family | 5 | 7 | 2,932 | $21,000 | 2026-07-24 | — | |
| single_family | 5 | 6 | 5,492 | $60,000 | 2025-12-17 | — | |
| single_family | 5 | 6 | 5,036 | $35,000 | 2026-06-04 | — | |
| single_family | 5 | 6 | 4,759 | $50,000 | 2026-05-05 | — |
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 |
|---|---|---|---|---|---|---|
| 262 189th Ter | single_family | 5 | 6 | 4,140 | $5,325,000 | 2026-08-17 |
| 625 Ocean Blvd | single_family | 5 | 4 | 6,734 | $24,000,000 | 2026-08-13 |
| 465 Golden Beach Dr | single_family | 5 | 5 | 3,674 | $4,500,000 | 2026-07-01 |
| 3443 NE 166th St | single_family | 5 | 5 | 3,083 | $2,000,000 | 2026-05-21 |
| 333 Golden Beach Dr | single_family | 5 | 5 | 4,810 | $4,000,000 | 2026-05-19 |
| 3942 194th Ln | single_family | 5 | 5 | 3,339 | $2,450,000 | 2026-04-07 |
| 3914 Island Estates Dr | single_family | 5 | 6 | 6,522 | $10,000,000 | 2026-03-23 |
| 2531 NE 182nd St | single_family | 5 | 5 | 3,302 | $1,740,000 | 2025-12-15 |
| 2531 NE 182 | single_family | 5 | 5 | 4,035 | $1,740,000 | 2025-12-05 |
| 250 190th St | single_family | 5 | 6 | 4,378 | $3,900,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 268 S Parkway | single_family | 5 | 4 | 4,019 | $14,800,000 | — |
| 4027 194th Trl | single_family | 5 | 5 | 3,403 | $3,890,000 | — |
| 2950 NE 164th St | single_family | 5 | 6 | 5,796 | $7,450,000 | — |
| 3960 194th Trl | single_family | 5 | 5 | 3,291 | $2,950,000 | — |
| 16414 NE 33rd Ave | single_family | 5 | 6 | 2,053 | $3,699,000 | — |
| 16470 NE 30th Ave | single_family | 5 | 8 | 5,347 | $14,500,000 | — |
| 16430 NE 30th Ave | single_family | 5 | 5 | 5,027 | $6,175,000 | — |
| 300 Sunny Isles Blvd Ph 3 | condos | 5 | 6 | 3,722 | $3,500,000 | — |
10-year hold projection
IRR11.2%
Equity multiple2.75x
Total return (10yr)$1,985,248
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,605,000 | $237,300 | $377 | $2,769,642 | $835,358 |
| 2 | $3,713,150 | $245,165 | $7,717 | $2,737,199 | $975,951 |
| 3 | $3,824,545 | $253,284 | $15,298 | $2,702,528 | $1,122,016 |
| 4 | $3,939,281 | $261,665 | $23,128 | $2,665,476 | $1,273,804 |
| 5 | $4,057,459 | $270,318 | $31,215 | $2,625,880 | $1,431,579 |
| 6 | $4,179,183 | $279,251 | $39,568 | $2,583,565 | $1,595,618 |
| 7 | $4,304,559 | $288,472 | $48,195 | $2,538,344 | $1,766,214 |
| 8 | $4,433,695 | $297,990 | $57,105 | $2,490,018 | $1,943,677 |
| 9 | $4,566,706 | $307,816 | $66,307 | $2,438,373 | $2,128,333 |
| 10 | $4,703,707 | $317,959 | $75,810 | $2,383,182 | $2,320,526 |
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.