1541 Brickell Ave Apt C1607
Miami, FL 33129 · condos · For Sale · 103 days on market
Asking price$1,399,000
3 beds 3 baths 2,089 sqft
Suggested offer$1,212,915$186,085 above the est. market value of $1,212,915.
View on Realtor.com →Listed by Mariana Garber · Coldwell Banker Realty
Typecondos
Built1981
Price / sqft$670
Est. value (own analysis)$1,212,915
Rent estimate (own analysis)$17,500/mo
HOA$3,017/mo
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Show every detail
Statusfor_sale
Listed date2026-05-22
Removed date—
MLSMiamiMLS #A12023744
Coordinates25.75680, -80.19242
Address1541 Brickell Ave Apt C1607
CityMiami
StateFL
Zip33129
Listing ID6757518533
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33129)
Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/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 | $1,399,000 |
| Down payment (20.0%) | $279,800 |
| Loan amount | $1,119,200 |
| Closing costs (5.0%) | $69,950 |
| Total cash to close | $349,750 |
| Income | |
| Rent (comp-derived) | $17,500$210,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,100$193,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,215$26,581 |
| Insurance (placeholder 0.8% of price) | $933$11,192 |
| HOA dues | $3,017$36,204 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $875$10,500 |
| Total operating expenses | $7,040$84,477 |
| 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) | $875$10,500 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,995 | $8,500 | 2026-08-21 | — | |
| condos | 3 | 4 | 1,946 | $24,000 | 2026-08-07 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-08-06 | — | |
| condos | 3 | 3 | 1,792 | $7,900 | 2026-07-16 | — | |
| condos | 3 | 4 | 2,115 | $22,000 | 2026-07-15 | — | |
| condos | 3 | 4 | 2,115 | $25,000 | 2026-07-10 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-06-18 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-06-18 | — | |
| condos | 3 | 4 | 1,946 | $22,000 | 2026-06-17 | — | |
| condos | 3 | 4 | 1,946 | $19,900 | 2026-06-04 | — | |
| condos | 3 | 3 | 1,732 | $7,300 | 2026-06-04 | — | |
| condos | 3 | 4 | 2,105 | $19,000 | 2026-06-03 | — | |
| condos | 3 | 3 | 1,703 | $6,000 | 2026-05-22 | — | |
| condos | 3 | 4 | 2,105 | $17,500 | 2026-05-14 | — | |
| condos | 3 | 3 | 1,732 | $6,950 | 2026-05-10 | — | |
| condos | 3 | 4 | 2,259 | $25,000 | 2026-05-04 | — | |
| condos | 3 | 3 | 1,640 | $8,500 | 2026-03-18 | — | |
| condos | 3 | 4 | 1,946 | $17,500 | 2026-04-26 | — | |
| condos | 3 | 3 | 1,995 | $8,500 | — | — | |
| condos | 3 | 3 | 1,837 | $7,000 | 2026-08-22 | — | |
| condos | 3 | 4 | 1,946 | $25,000 | — | — | |
| condos | 3 | 4 | 1,470 | $11,000 | 2026-08-28 | — | |
| condos | 3 | 4 | 1,470 | $11,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 1202 | condos | 3 | 4 | 2,115 | $4,000,000 | 2026-08-28 |
| 1925 Brickell Ave Apt D1808 | condos | 3 | 3 | 2,124 | $850,000 | 2026-07-20 |
| 175 SE 25th Rd Apt 1601 | condos | 3 | 4 | 2,100 | $4,000,000 | 2026-07-17 |
| 1865 Brickell Ave Apt A1209 | condos | 3 | 3 | 2,133 | $1,041,000 | 2026-06-24 |
| 929 SW 11th St Unit H2 | condos | 3 | 4 | 2,185 | $800,000 | 2026-05-20 |
| 1541 Brickell Ave Unit C608 | condos | 3 | 3 | 1,869 | $975,000 | 2026-04-30 |
| 2025 Brickell Ave Apt 901 | condos | 3 | 3 | 2,149 | $1,112,000 | 2026-04-13 |
| 2127 Brickell Ave Apt 801 | condos | 3 | 3 | 2,600 | $2,075,000 | 2026-04-13 |
| 2451 Brickell Ave Apt 14D | condos | 3 | 3 | 1,703 | $1,200,000 | 2026-03-13 |
| 1627 Brickell Ave Apt 1401 | condos | 3 | 3 | 1,792 | $920,000 | 2026-01-20 |
| 1643 Brickell Ave Apt 1602 | condos | 3 | 5 | 3,170 | $3,100,000 | 2026-01-16 |
| 2127 Brickell Ave Apt 1701 | condos | 3 | 4 | 2,600 | $2,200,000 | 2025-12-17 |
| 1925 Brickell Ave Apt D1108 | condos | 3 | 3 | 2,124 | $1,050,000 | 2025-12-12 |
| 2451 Brickell Ave Unit 5EF | condos | 3 | 3 | 2,189 | $1,400,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 221 SW 25th Rd | single_family | 3 | 3 | 5,368 | $4,900,000 | — |
| 2200 Brickell Ave Unit 416 | condos | 3 | 4 | 2,000 | $3,198,000 | — |
| 2430 Brickell Ave | condos | 3 | 3 | 1,546 | $869,000 | — |
| 1865 Brickell Ave Unit 1865 | condos | 3 | 3 | 3,842 | $2,200,000 | — |
| 801 SW 24th Rd | single_family | 3 | 2 | 1,726 | $1,495,000 | — |
| 145 SE 25th Rd Apt 1003 | condos | 3 | 3 | 2,230 | $938,000 | — |
| 2828 SW 7th Ave | single_family | 3 | 4 | 3,064 | $1,300,000 | — |
| 175 SE 25th Rd Apt 2804 | condos | 3 | 4 | — | $3,800,000 | — |
10-year hold projection
IRR14.0%
Equity multiple3.15x
Total return (10yr)$935,432
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,440,970 | $108,723 | $11,916 | $1,107,065 | $333,905 |
| 2 | $1,484,199 | $112,407 | $15,337 | $1,094,097 | $390,102 |
| 3 | $1,528,725 | $116,212 | $18,873 | $1,080,239 | $448,486 |
| 4 | $1,574,587 | $120,142 | $22,528 | $1,065,429 | $509,158 |
| 5 | $1,621,824 | $124,202 | $26,304 | $1,049,602 | $572,223 |
| 6 | $1,670,479 | $128,394 | $30,207 | $1,032,688 | $637,791 |
| 7 | $1,720,594 | $132,723 | $34,239 | $1,014,612 | $705,981 |
| 8 | $1,772,211 | $137,195 | $38,406 | $995,296 | $776,916 |
| 9 | $1,825,378 | $141,813 | $42,712 | $974,652 | $850,725 |
| 10 | $1,880,139 | $146,582 | $47,162 | $952,591 | $927,548 |
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.