700 NE 63rd St Apt D506
Miami, FL 33138 · condos · For Sale · 52 days on market
Asking price$244,900
0 beds 1 baths 571 sqft
Listed by an agent · Realty Hub
Typecondos
Built1985
Price / sqft$429
Est. value (own analysis)$293,599
Rent estimate (own analysis)$1,500/mo
HOA$747/mo
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Statusfor_sale
Listed date2026-07-12
Removed date—
MLSMiamiMLS #A12048333
Coordinates25.83365, -80.18195
Address700 NE 63rd St Apt D506
CityMiami
StateFL
Zip33138
Listing ID6365849748
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 | $244,900 |
| Down payment (20.0%) | $48,980 |
| Loan amount | $195,920 |
| Closing costs (5.0%) | $12,245 |
| Total cash to close | $61,225 |
| Income | |
| Rent (comp-derived) | $1,500$18,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,380$16,560 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $388$4,653 |
| Insurance (placeholder 0.8% of price) | $163$1,959 |
| HOA dues | $747$8,964 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $75$900 |
| Total operating expenses | $1,373$16,476 |
| 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) | $75$900 |
| 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 | 400 | $1,100 | 2026-07-23 | — | |
| 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 | 395 | $1,195 | 2025-11-13 | — | |
| apartment | 0 | 1 | 698 | $1,500 | — | — | |
| condos | 0 | 1 | 550 | $1,450 | 2023-06-26 | — | |
| apartment | 0 | 1 | 380 | $1,450 | 2025-01-28 | — | |
| apartment | 0 | 1 | 400 | $1,325 | 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 |
|---|---|---|---|---|---|---|
| 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 | — |
| 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 | — |
| 645 NE 77th St Apt 16 | condos | 0 | 1 | 360 | $159,900 | — |
10-year hold projection
IRR-7.2%
Equity multiple-0.22x
Total return (10yr)-$42,525
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $252,247 | $84 | -$15,925 | $193,796 | $58,451 |
| 2 | $259,814 | $169 | -$15,862 | $191,526 | $68,289 |
| 3 | $267,609 | $258 | -$15,796 | $189,100 | $78,509 |
| 4 | $275,637 | $352 | -$15,725 | $186,507 | $89,130 |
| 5 | $283,906 | $452 | -$15,650 | $183,737 | $100,169 |
| 6 | $292,423 | $556 | -$15,570 | $180,776 | $111,647 |
| 7 | $301,196 | $666 | -$15,486 | $177,612 | $123,584 |
| 8 | $310,232 | $782 | -$15,397 | $174,231 | $136,001 |
| 9 | $319,539 | $903 | -$15,302 | $170,617 | $148,922 |
| 10 | $329,125 | $1,030 | -$15,202 | $166,755 | $162,370 |
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.