151 SE 1st St Apt 1704
Miami, FL 33131 · condos · For Sale · 839 days on market
Asking price$325,000
1 beds 1 baths 446 sqft
Suggested offer$243,552$81,448 above the est. market value of $243,552.
View on Realtor.com →Listed by PATRICIO JAVIER ORLOFF, PA · Cervera Real Estate Inc.
Typecondos
Built2016
Price / sqft$729
Est. value (own analysis)$243,552
Rent estimate (own analysis)$2,845/mo
HOA$541/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2024-05-16
Removed date—
MLSMiamiMLS #A11588957
Coordinates25.77363, -80.19066
Address151 SE 1st St Apt 1704
CityMiami
StateFL
Zip33131
Listing ID6761362180
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33131)
Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/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 | $325,000 |
| Down payment (20.0%) | $65,000 |
| Loan amount | $260,000 |
| Closing costs (5.0%) | $16,250 |
| Total cash to close | $81,250 |
| Income | |
| Rent (comp-derived) | $2,845$34,140 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,617$31,409 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $515$6,175 |
| Insurance (est. scaled by flood & wind risk) | $379$4,550 |
| HOA dues | $541$6,492 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $142$1,707 |
| Total operating expenses | $1,577$18,924 |
| 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) | $142$1,707 |
| 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 | 1 | 1 | 551 | $4,600 | 2026-08-21 | — | |
| condos | 1 | 1 | 551 | $4,290 | 2026-08-19 | — | |
| condos | 1 | 1 | 446 | $2,690 | 2026-08-19 | — | |
| condos | 1 | 1 | 446 | $2,650 | 2026-08-17 | — | |
| condos | 1 | 1 | 597 | $3,200 | 2026-08-16 | — | |
| condos | 1 | 1 | 540 | $3,000 | 2026-08-14 | — | |
| condos | 1 | 1 | 544 | $2,700 | 2026-08-12 | — | |
| condos | 1 | 1 | 533 | $2,500 | 2026-08-12 | — | |
| condos | 1 | 1 | 430 | $2,690 | 2026-08-10 | — | |
| apartment | 1 | 1 | 526 | $2,250 | 2026-08-07 | — | |
| condos | 1 | 1 | 430 | $2,600 | 2026-08-07 | — | |
| condos | 1 | 1 | 597 | $3,400 | 2026-07-22 | — | |
| condos | 1 | 1 | 533 | $3,000 | 2026-07-21 | — | |
| condos | 1 | 1 | 533 | $3,000 | 2026-07-20 | — | |
| apartment | 1 | 1 | 526 | $2,750 | 2026-07-16 | — | |
| condos | 1 | 1 | 580 | $2,200 | 2026-07-11 | — | |
| apartment | 1 | 1 | 551 | $5,000 | 2026-07-03 | — | |
| condos | 1 | 1 | 526 | $2,750 | 2026-07-02 | — | |
| condos | 1 | 1 | 446 | $2,750 | 2026-07-02 | — | |
| condos | 1 | 1 | 533 | $2,950 | 2026-06-22 | — | |
| condos | 1 | 1 | 551 | $4,500 | 2026-06-20 | — | |
| condos | 1 | 1 | 553 | $2,100 | 2026-06-17 | — | |
| condos | 1 | 1 | 526 | $2,900 | 2026-06-10 | — | |
| condos | 1 | 1 | 551 | $4,300 | 2026-05-22 | — | |
| condos | 1 | 1 | 597 | $3,500 | 2026-05-13 | — | |
| condos | 1 | 1 | 594 | $1,975 | 2026-08-04 | — | |
| condos | 1 | 1 | 564 | $2,350 | 2026-08-04 | — | |
| condos | 1 | 1 | 597 | $3,200 | 2026-08-03 | — | |
| condos | 1 | 1 | 520 | $2,500 | 2026-08-23 | — | |
| condos | 1 | 1 | 553 | $1,900 | 2026-08-24 | — | |
| condos | 1 | 1 | 526 | $2,300 | 2026-08-24 | — | |
| condos | 1 | 1 | 533 | $2,300 | 2026-02-19 | — | |
| condos | 1 | 1 | 446 | $2,590 | 2026-01-12 | — | |
| condos | 1 | 2 | 600 | $2,950 | 2025-07-17 | — | |
| condos | 1 | 1 | 533 | $3,000 | 2026-03-06 | — | |
| condos | 1 | 1 | 526 | $2,550 | 2026-03-16 | — | |
| condos | 1 | 1 | 533 | $3,000 | 2022-07-02 | — | |
| condos | 1 | 1 | 564 | $2,900 | 2025-12-16 | — | |
| apartment | 1 | 1 | 551 | $4,700 | 2026-03-24 | — | |
| condos | 1 | 1 | 597 | $3,500 | 2025-04-09 | — | |
| condos | 1 | 1 | 551 | $4,500 | 2026-03-20 | — | |
| condos | 1 | 1 | 544 | $2,650 | 2026-08-27 | — | |
| apartment | 1 | 1 | 589 | $2,845 | — | — |
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 |
|---|---|---|---|---|---|---|
| 950 Brickell Bay Dr Apt 802 | condos | 1 | 1 | 692 | $375,000 | 2026-09-01 |
| 701 Brickell Key Blvd Apt 1108 | condos | 1 | 2 | 806 | $390,000 | 2026-08-31 |
| 495 Brickell Ave Apt 5309 | condos | 1 | 1 | 1,035 | $580,000 | 2026-08-28 |
| 848 Brickell Key Dr Apt 2703 | condos | 1 | 2 | 1,087 | $745,000 | 2026-08-26 |
| 200 Biscayne Boulevard Way Apt 3811 | condos | 1 | 2 | 822 | $525,000 | 2026-08-24 |
| 1010 Brickell Ave Unit 1806 | condos | 1 | 2 | 1,100 | $699,000 | 2026-08-24 |
| 55 SE 6th St Apt 1208 | condos | 1 | 1 | 738 | $380,000 | 2026-08-19 |
| 1200 Brickell Bay Dr Apt 2222 | condos | 1 | 1 | 825 | $485,000 | 2026-08-10 |
| 1200 Brickell Bay Dr Apt 3122 | condos | 1 | 1 | 825 | $420,000 | 2026-08-07 |
| 540 Brickell Key Dr Apt 414 | condos | 1 | 2 | 640 | $281,500 | 2026-08-03 |
| 1200 Brickell Bay Dr Ph 4308 | condos | 1 | 1 | 825 | $432,000 | 2026-07-30 |
| 1408 Brickell Bay Dr Apt 917 | condos | 1 | 1 | 787 | $315,000 | 2026-07-23 |
| 465 Brickell Ave Apt 917 | condos | 1 | 1 | 882 | $615,000 | 2026-07-21 |
| 1000 Brickell Plz Unit 2008 | condos | 1 | 2 | 836 | $695,000 | 2026-07-20 |
| 770 Claughton Island Dr Apt 1905 | condos | 1 | 1 | 708 | $320,000 | 2026-07-20 |
| 950 N Brickell Bay Dr Unit 3002 | condos | 1 | 1 | 688 | $435,000 | 2026-07-17 |
| 1300 Brickell Bay Dr Apt 806 | condos | 1 | 1 | 696 | $525,000 | 2026-07-13 |
| 151 SE 1st St Apt 905 | condos | 1 | 1 | 526 | $350,000 | 2026-07-10 |
| 701 Brickell Key Blvd Apt 301 | condos | 1 | 2 | 834 | $480,000 | 2026-06-25 |
| 901 Brickell Key Blvd Apt 901 | condos | 1 | 2 | 1,031 | $560,000 | 2026-06-25 |
| 111 E Flagler St Apt 702 | condos | 1 | 1 | 603 | $210,000 | 2026-06-22 |
| 770 Claughton Island Dr Apt 2109 | condos | 1 | 1 | 735 | $356,500 | 2026-06-22 |
| 485 Brickell Ave Apt 4109 | condos | 1 | 1 | 953 | $685,000 | 2026-06-22 |
| 540 Brickell Key Dr Apt 210 | condos | 1 | 2 | 600 | $240,000 | 2026-06-18 |
| 1200 Brickell Bay Dr Apt 2603 | condos | 1 | 1 | 825 | $450,000 | 2026-06-17 |
| 55 SE 6th St Apt 1608 | condos | 1 | 1 | 738 | $385,000 | 2026-06-16 |
| 325 S Biscayne Blvd Apt 3117 | condos | 1 | 1 | 868 | $450,000 | 2026-06-03 |
| 701 Brickell Key Blvd Apt 808 | condos | 1 | 2 | 806 | $515,000 | 2026-06-03 |
| 1080 Brickell Ave Unit 1802 | condos | 1 | 2 | 905 | $595,000 | 2026-06-02 |
| 218 SE 14th St Apt 1504 | condos | 1 | 1 | 820 | $380,000 | 2026-06-02 |
| 1435 Brickell Ave Unit 3309 | condos | 1 | 2 | 983 | $860,000 | 2026-06-01 |
| 1060 Brickell Ave Apt 4003 | condos | 1 | 2 | 963 | $450,000 | 2026-05-29 |
| 1200 Brickell Bay Dr Apt 2618 | condos | 1 | 1 | 825 | $377,000 | 2026-05-28 |
| 520 Brickell Key Dr Apt A1912 | condos | 1 | 2 | 836 | $340,000 | 2026-05-27 |
| 540 Brickell Key Dr Apt 705 | condos | 1 | 2 | 700 | $345,000 | 2026-05-26 |
| 1300 Brickell Bay Dr Apt 808 | condos | 1 | 1 | 716 | $500,000 | 2026-05-21 |
| 41 SE 5th St Apt 304 | condos | 1 | 2 | 987 | $425,000 | 2026-05-19 |
| 31 SE 5th St Apt 3306 | condos | 1 | 2 | 902 | $416,245 | 2026-05-18 |
| 1080 Brickell Ave Unit 3602 | condos | 1 | 2 | 830 | $595,000 | 2026-05-15 |
| 151 SE 1st St Apt 3007 | condos | 1 | 1 | 526 | $331,950 | 2026-05-14 |
| 1425 Brickell Ave Apt 48D | condos | 1 | 2 | 1,114 | $1,200,000 | 2026-05-13 |
| 300 Biscayne Blvd Way Unit 5008W | condos | 1 | 2 | 823 | $1,249,000 | 2026-05-12 |
| 905 Brickell Bay Dr Apt 931 | condos | 1 | 2 | 990 | $330,000 | 2026-05-08 |
| 801 Brickell Key Blvd Apt 1005 | condos | 1 | 2 | 878 | $480,000 | 2026-04-29 |
| 170 SE 14th St Unit 3007 | condos | 1 | 1 | 630 | $365,000 | 2026-04-29 |
| 951 Brickell Ave Apt 4000 | condos | 1 | 1 | 774 | $480,000 | 2026-04-27 |
| 1200 Brickell Bay Dr Apt 2807 | condos | 1 | 1 | 778 | $500,000 | 2026-04-27 |
| 888 Brickell Key Dr Apt 2606 | condos | 1 | 2 | 780 | $665,000 | 2026-04-24 |
| 540 Brickell Key Dr Apt 1603 | condos | 1 | 2 | 600 | $307,000 | 2026-04-24 |
| 31 SE 5th St Apt 1603 | condos | 1 | 1 | 775 | $325,000 | 2026-04-16 |
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 |
|---|---|---|---|---|---|---|
| 41 SE 5th St Apt 1003 | condos | 1 | 2 | 952 | $449,500 | — |
| 1451 Brickell Ave Unit 1002 | condos | 1 | 2 | 777 | $735,000 | — |
| 540 Brickell Key Dr Apt 1116 | condos | 1 | 2 | 720 | $389,000 | — |
| 170 SE 14th St Apt 2906 | condos | 1 | 1 | 630 | $370,000 | — |
| 1200 Brickell Bay Dr Apt 2304 | condos | 1 | 1 | 825 | $460,000 | — |
| 300 S Biscayne Blvd Unit L1232 | condos | 1 | 2 | 1,034 | $650,000 | — |
| 1300 Brickell Bay Dr Apt 604 | condos | 1 | 2 | 696 | $649,000 | — |
| 951 Brickell Ave Apt 701 | condos | 1 | 1 | 774 | $479,000 | — |
10-year hold projection
IRR2.8%
Equity multiple1.45x
Total return (10yr)$78,908
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $334,750 | $12,485 | -$9,272 | $257,181 | $77,569 |
| 2 | $344,793 | $12,954 | -$8,846 | $254,168 | $90,624 |
| 3 | $355,136 | $13,440 | -$8,404 | $250,949 | $104,187 |
| 4 | $365,790 | $13,942 | -$7,946 | $247,508 | $118,282 |
| 5 | $376,764 | $14,462 | -$7,472 | $243,832 | $132,932 |
| 6 | $388,067 | $15,001 | -$6,981 | $239,902 | $148,165 |
| 7 | $399,709 | $15,558 | -$6,472 | $235,703 | $164,006 |
| 8 | $411,700 | $16,134 | -$5,945 | $231,216 | $180,484 |
| 9 | $424,051 | $16,731 | -$5,399 | $226,420 | $197,631 |
| 10 | $436,773 | $17,348 | -$4,834 | $221,295 | $215,478 |
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.