235 Atlantic Ave
Sunny Isles Beach, FL 33160 · single_family · For Sale · 50 days on market
Asking price$5,495,000
5 beds 4 baths 3,330 sqft
Suggested offer$2,867,829$2,627,171 above the est. market value of $2,867,829.
View on Realtor.com →Listed by Yoana Toth, P.A · Toth Real Estate Group
Typesingle_family
Built1956
Price / sqft$1650
Est. value (own analysis)$2,867,829
Rent estimate (own analysis)$21,000/mo
HOA$25/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-14
Removed date—
MLSMiamiMLS #A12053241
Coordinates25.92724, -80.12458
Address235 Atlantic Ave
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6606658293
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 | $5,495,000 |
| Down payment (20.0%) | $1,099,000 |
| Loan amount | $4,396,000 |
| Closing costs (5.0%) | $274,750 |
| Total cash to close | $1,373,750 |
| Income | |
| Rent (comp-derived) | $21,000$252,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $19,320$231,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $8,700$104,405 |
| Insurance (est. scaled by flood & wind risk) | $7,144$85,722 |
| HOA dues | $25$300 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,050$12,600 |
| Total operating expenses | $16,919$203,027 |
| 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) | $1,050$12,600 |
| 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 | 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 | — |
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 |
|---|---|---|---|---|---|---|
| 18825 N Bay Rd | single_family | 5 | 5 | — | $3,500,000 | — |
| 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 | — |
10-year hold projection
IRR-5.7%
Equity multiple0.04x
Total return (10yr)-$603,725
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,659,850 | $28,813 | -$322,786 | $4,348,338 | $1,311,512 |
| 2 | $5,829,646 | $30,693 | -$321,221 | $4,297,402 | $1,532,243 |
| 3 | $6,004,535 | $32,654 | -$319,583 | $4,242,969 | $1,761,566 |
| 4 | $6,184,671 | $34,700 | -$317,867 | $4,184,798 | $1,999,873 |
| 5 | $6,370,211 | $36,834 | -$316,072 | $4,122,632 | $2,247,579 |
| 6 | $6,561,317 | $39,060 | -$314,195 | $4,056,197 | $2,505,120 |
| 7 | $6,758,157 | $41,380 | -$312,231 | $3,985,200 | $2,772,957 |
| 8 | $6,960,902 | $43,799 | -$310,177 | $3,909,327 | $3,051,574 |
| 9 | $7,169,729 | $46,319 | -$308,031 | $3,828,245 | $3,341,484 |
| 10 | $7,384,821 | $48,946 | -$305,789 | $3,741,594 | $3,643,227 |
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.