7441 Wayne Ave Apt 3H
Miami Beach, FL 33141 · condos · For Sale · 23 days on market
Asking price$365,000
3 beds 2 baths 1,181 sqft
Listed by an agent · LPT Realty
Typecondos
Built1964
Price / sqft$309
Est. value (own analysis)$750,522
Rent estimate (own analysis)$3,575/mo
HOA$1,142/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12068814
Coordinates25.85947, -80.12699
Address7441 Wayne Ave Apt 3H
CityMiami Beach
StateFL
Zip33141
Listing ID6696519290
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 | $365,000 |
| Down payment (20.0%) | $73,000 |
| Loan amount | $292,000 |
| Closing costs (5.0%) | $18,250 |
| Total cash to close | $91,250 |
| Income | |
| Rent (comp-derived) | $3,575$42,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,289$39,468 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $578$6,935 |
| Insurance (est. scaled by flood & wind risk) | $535$6,424 |
| HOA dues | $1,142$13,704 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $179$2,145 |
| Total operating expenses | $2,434$29,208 |
| 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) | $179$2,145 |
| 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 | 3 | 1 | 1,500 | $3,000 | 2026-04-07 | — | |
| condos | 3 | 3 | 1,390 | $3,500 | 2026-05-02 | — | |
| condos | 3 | 2 | 1,302 | $3,700 | 2026-07-21 | — | |
| condos | 3 | 1 | 899 | $2,990 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,230 | $4,200 | 2026-05-11 | — | |
| apartment | 3 | 2 | 1,000 | $2,750 | 2026-08-24 | — | |
| apartment | 3 | 2 | 1,207 | $3,300 | 2026-08-01 | — | |
| condos | 3 | 2 | 1,392 | $3,550 | 2026-04-15 | — | |
| condos | 3 | 2 | 1,302 | $3,500 | 2026-06-06 | — | |
| condos | 3 | 3 | 1,410 | $4,000 | 2026-05-11 | — | |
| apartment | 3 | 2 | 1,100 | $3,150 | 2026-07-14 | — | |
| condos | 3 | 2 | 1,336 | $5,000 | 2026-07-20 | — | |
| condos | 3 | 2 | 1,240 | $3,600 | 2026-07-10 | — | |
| condos | 3 | 3 | 1,400 | $7,950 | 2026-07-30 | — | |
| condos | 3 | 2 | 972 | $8,500 | 2026-08-07 | — | |
| condos | 3 | 3 | 1,230 | $7,999 | 2026-05-08 | — | |
| condos | 3 | 2 | 1,299 | $3,500 | — | — | |
| condos | 3 | 2 | 1,240 | $3,600 | — | — | |
| condos | 3 | 3 | 1,390 | $3,500 | — | — | |
| apartment | 3 | 2 | 1,435 | $4,415 | — | — |
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 |
|---|---|---|---|---|---|---|
| 7545 E Treasure Dr Apt 5H | condos | 3 | 2 | 1,302 | $295,000 | 2026-08-10 |
| 7929 West Dr Apt 1503 | condos | 3 | 3 | 1,771 | $800,000 | 2026-08-07 |
| 7928 East Dr Apt 708 | condos | 3 | 3 | 1,358 | $800,000 | 2026-07-03 |
| 6700 Indian Creek Dr Apt 908 | condos | 3 | 4 | 1,669 | $1,370,000 | 2026-06-25 |
| 7918 Harbor Island Dr Apt 311 | condos | 3 | 2 | 1,336 | $835,000 | 2026-06-11 |
| 6700 Indian Creek Dr Apt 1207 | condos | 3 | 3 | 1,304 | $1,250,000 | 2026-06-11 |
| 7914 Harbor Island Dr Apt 205 | condos | 3 | 2 | 1,336 | $700,000 | 2026-06-05 |
| 6901 Collins Ave Unit 401 | condos | 3 | 4 | 2,133 | $4,000,000 | 2026-05-01 |
| 6301 Collins Ave Apt 2203 | condos | 3 | 3 | 1,700 | $1,130,000 | 2026-04-30 |
| 6365 Collins Ave Apt 1901 | condos | 3 | 3 | 1,761 | $2,100,000 | 2026-04-27 |
| 7929 West Dr Apt 1601 | condos | 3 | 3 | 2,065 | $1,200,000 | 2026-04-17 |
| 6101 Aqua Ave Apt 602 | condos | 3 | 4 | 2,395 | $3,450,000 | 2026-04-15 |
| 7934 West Dr Apt 901 | condos | 3 | 2 | 1,906 | $880,000 | 2026-03-04 |
| 6301 Collins Ave Apt 1903 | condos | 3 | 3 | 1,700 | $1,280,000 | 2026-02-17 |
| 6103 Aqua Ave Apt 301 | condos | 3 | 4 | 2,203 | $1,400,000 | 2026-01-30 |
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 |
|---|---|---|---|---|---|---|
| 7940 West Dr Unit 1503 | condos | 3 | 4 | 2,402 | $4,403,900 | — |
| 1885 Daytonia Rd | single_family | 3 | 2 | 2,760 | $3,800,000 | — |
| 771 Fairway Dr | single_family | 3 | 4 | 2,146 | $2,575,000 | — |
| 1460 Marseille Dr | single_family | 3 | 2 | 2,005 | $890,000 | — |
| 711 85th St | single_family | 3 | 3 | 1,344 | $699,000 | — |
| 2131 Biarritz Dr | single_family | 3 | 2 | 1,360 | $995,000 | — |
| 6899 Collins Ave Unit 1602 | condos | 3 | 3 | 2,050 | $2,775,000 | — |
| 6620 Indian Creek Dr Apt 712 | condos | 3 | 4 | 1,841 | $1,565,000 | — |
10-year hold projection
IRR-0.2%
Equity multiple0.97x
Total return (10yr)$45,018
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $375,950 | $10,260 | -$14,403 | $288,834 | $87,116 |
| 2 | $387,229 | $10,714 | -$14,002 | $285,451 | $101,778 |
| 3 | $398,845 | $11,185 | -$13,586 | $281,835 | $117,010 |
| 4 | $410,811 | $11,674 | -$13,154 | $277,971 | $132,840 |
| 5 | $423,135 | $12,181 | -$12,704 | $273,842 | $149,293 |
| 6 | $435,829 | $12,708 | -$12,236 | $269,429 | $166,400 |
| 7 | $448,904 | $13,255 | -$11,751 | $264,713 | $184,191 |
| 8 | $462,371 | $13,822 | -$11,246 | $259,673 | $202,698 |
| 9 | $476,242 | $14,410 | -$10,721 | $254,288 | $221,955 |
| 10 | $490,529 | $15,020 | -$10,176 | $248,532 | $241,998 |
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.