900 Bay Dr Unit DS18
Miami Beach, FL 33141 · condos · For Sale · 454 days on market
Asking price$429,000
0 beds — baths 247 sqft
Suggested offer$96,342$332,658 above the est. market value of $96,342.
View on Realtor.com →Listed by Mark Weinschneider · London Foster Realty
Typecondos
Built1963
Price / sqft$1737
Est. value (own analysis)$96,342
Rent estimate (own analysis)$1,598/mo
HOA$267/mo
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Statusfor_sale
Listed date2025-06-05
Removed date—
MLSMiamiMLS #A11812364
Coordinates25.85329, -80.12623
Address900 Bay Dr Unit DS18
CityMiami Beach
StateFL
Zip33141
Listing ID6486206666
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $429,000 |
| Down payment (20.0%) | $85,800 |
| Loan amount | $343,200 |
| Closing costs (5.0%) | $21,450 |
| Total cash to close | $107,250 |
| Income | |
| Rent (comp-derived) | $1,598$19,170 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,470$17,636 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $679$8,151 |
| Insurance (placeholder 0.8% of price) | $286$3,432 |
| HOA dues | $267$3,204 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $80$959 |
| Total operating expenses | $1,312$15,746 |
| 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) | $80$959 |
| 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 | 250 | $1,550 | 2026-06-03 | — | |
| condos | 0 | — | 247 | $2,500 | 2025-02-22 | — | |
| condos | 0 | 1 | 295 | $1,645 | 2026-08-10 | — | |
| condos | 0 | 1 | 172 | $2,800 | 2023-05-03 | — | |
| apartment | 0 | 1 | 200 | $1,250 | 2026-01-30 | — | |
| apartment | 0 | 1 | 300 | $1,550 | 2026-08-18 | — |
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 |
|---|---|---|---|---|---|---|
| 330 74th St Apt 15 | condos | 0 | 1 | 383 | $158,000 | 2026-08-20 |
| 1455 N Treasure Dr Apt 6D | condos | 0 | 1 | 531 | $152,000 | 2026-08-14 |
| 7725 Carlyle Ave Apt 10 | condos | 0 | 1 | 399 | $155,000 | 2026-08-06 |
| 6365 Collins Ave Unit CAB8 | condos | 0 | 1 | 245 | $410,000 | 2026-07-29 |
| 6484 Indian Creek Dr Apt 310 | condos | 0 | 1 | — | $120,000 | 2026-07-03 |
| 1865 79th St Cswy Apt 3F | condos | 0 | 1 | 577 | $175,000 | 2026-06-22 |
| 6770 Indian Creek Dr Apt 14J | condos | 0 | 1 | 993 | $400,000 | 2026-06-01 |
| 7904 West Dr Apt 409 | condos | 0 | 1 | 443 | $150,000 | 2026-04-13 |
| 330 74th St Apt 5 | condos | 0 | 1 | 383 | $150,000 | 2026-03-23 |
| 7904 West Dr Apt 1004 | condos | 0 | 1 | 444 | $200,000 | 2026-03-15 |
| 401 69th St Apt 1003 | condos | 0 | 1 | 594 | $210,000 | 2026-03-13 |
| 8132 Harding Ave Apt 7 | condos | 0 | 1 | 406 | $159,000 | 2026-03-11 |
| 7725 Carlyle Ave Apt 4 | condos | 0 | 1 | 399 | $150,000 | 2026-02-17 |
| 1865 79th St Cswy Apt 4L | condos | 0 | 1 | 577 | $150,000 | 2026-01-27 |
| 6801 Indian Creek Dr Apt 405 | condos | 0 | 1 | 510 | $215,000 | 2026-01-09 |
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 |
|---|---|---|---|---|---|---|
| 7928 Harding Ave Apt 3 | condos | 0 | 1 | 394 | $180,000 | — |
| 7720 Harding Ave Apt 8 | condos | 0 | 1 | 406 | $130,000 | — |
| 6490 Collins Ave Apt 14 | condos | 0 | 1 | 375 | $145,000 | — |
| 6484 Indian Creek Dr Apt 111 | condos | 0 | 1 | — | $100,000 | — |
| 300 74th St Apt 6 | condos | 0 | 1 | 468 | $215,000 | — |
| 6498 Collins Ave Apt 41 | condos | 0 | 1 | 370 | $168,000 | — |
| 6484 Indian Creek Dr Apt 320 | condos | 0 | 1 | — | $153,000 | — |
| 7300 Ocean Ter | single_family | 0 | — | — | $49,900,000 | — |
10-year hold projection
IRR-6.0%
Equity multiple0.00x
Total return (10yr)-$50,989
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $441,870 | $1,891 | -$25,534 | $339,479 | $102,391 |
| 2 | $455,126 | $2,026 | -$25,422 | $335,502 | $119,624 |
| 3 | $468,780 | $2,168 | -$25,305 | $331,253 | $137,527 |
| 4 | $482,843 | $2,316 | -$25,183 | $326,711 | $156,132 |
| 5 | $497,329 | $2,470 | -$25,054 | $321,858 | $175,471 |
| 6 | $512,248 | $2,631 | -$24,920 | $316,671 | $195,578 |
| 7 | $527,616 | $2,799 | -$24,779 | $311,128 | $216,488 |
| 8 | $543,444 | $2,974 | -$24,631 | $305,204 | $238,240 |
| 9 | $559,748 | $3,157 | -$24,477 | $298,874 | $260,874 |
| 10 | $576,540 | $3,348 | -$24,316 | $292,109 | $284,431 |
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.