7928 East Dr Unit 1604DEN
North Bay Village, FL 33141 · condos · For Sale · 90 days on market
Asking price$1,900,000
3 beds 4 baths 2,498 sqft
Suggested offer$1,587,472$312,528 above the est. market value of $1,587,472.
View on Realtor.com →Listed by Sabina Potack · Douglas Elliman
Typecondos
Built2009
Price / sqft$761
Est. value (own analysis)$1,587,472
Rent estimate (own analysis)$13,000/mo
HOA$2,662/mo
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Statusfor_sale
Listed date2026-06-04
Removed date—
MLSMiamiMLS #A12030759
Coordinates25.85268, -80.15784
Address7928 East Dr Unit 1604DEN
CityNorth Bay Village
StateFL
Zip33141
Listing ID6937905258
Sourceus-real-estate-listings, cached 2026-08-28
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 | $1,900,000 |
| Down payment (20.0%) | $380,000 |
| Loan amount | $1,520,000 |
| Closing costs (5.0%) | $95,000 |
| Total cash to close | $475,000 |
| Income | |
| Rent (comp-derived) | $13,000$156,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,960$143,520 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,008$36,100 |
| Insurance (placeholder 0.8% of price) | $1,267$15,200 |
| HOA dues | $2,662$31,944 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $650$7,800 |
| Total operating expenses | $7,587$91,044 |
| 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) | $650$7,800 |
| 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 | 4 | 1,839 | $10,900 | 2025-11-06 | — | |
| condos | 3 | 3 | 1,761 | $14,000 | 2026-08-28 | — | |
| condos | 3 | 3 | 1,950 | $3,950 | 2026-07-30 | — | |
| condos | 3 | 3 | 1,761 | $11,000 | 2026-08-07 | — | |
| condos | 3 | 4 | 2,156 | $13,000 | 2026-08-01 | — | |
| condos | 3 | 3 | 1,712 | $4,300 | 2026-08-05 | — | |
| condos | 3 | 5 | 2,880 | $40,000 | 2026-08-04 | — | |
| condos | 3 | 4 | 2,456 | $8,900 | 2026-06-27 | — | |
| condos | 3 | 3 | 1,700 | $7,000 | 2026-08-16 | — | |
| condos | 3 | 3 | 1,761 | $15,000 | 2026-05-18 | — | |
| condos | 3 | 4 | 2,226 | $25,000 | 2026-07-08 | — | |
| condos | 3 | 3 | 1,753 | $5,100 | 2026-03-31 | — | |
| condos | 3 | 3 | 2,050 | $16,500 | 2026-08-06 | — | |
| condos | 3 | 3 | 1,700 | $8,000 | 2026-04-13 | — | |
| condos | 3 | 3 | 2,096 | $19,950 | 2026-04-23 | — | |
| condos | 3 | 3 | 1,761 | $15,000 | 2026-04-15 | — | |
| condos | 3 | 4 | 2,498 | $9,000 | 2026-07-15 | — | |
| condos | 3 | 4 | 2,210 | $16,500 | 2026-01-28 | — | |
| condos | 3 | 4 | 2,395 | $15,000 | — | — | |
| condos | 3 | 3 | 1,700 | $7,000 | — | — | |
| condos | 3 | 3 | 2,050 | $16,500 | — | — |
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 | — |
| 7441 Wayne Ave Apt 3H | condos | 3 | 2 | 1,181 | $365,000 | — |
| 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 | — |
10-year hold projection
IRR-0.0%
Equity multiple0.99x
Total return (10yr)$245,472
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,957,000 | $52,476 | -$72,539 | $1,503,520 | $453,480 |
| 2 | $2,015,710 | $54,506 | -$70,705 | $1,485,908 | $529,802 |
| 3 | $2,076,181 | $56,607 | -$68,803 | $1,467,087 | $609,095 |
| 4 | $2,138,467 | $58,784 | -$66,831 | $1,446,973 | $691,494 |
| 5 | $2,202,621 | $61,037 | -$64,787 | $1,425,478 | $777,143 |
| 6 | $2,268,699 | $63,371 | -$62,669 | $1,402,507 | $866,193 |
| 7 | $2,336,760 | $65,787 | -$60,474 | $1,377,958 | $958,802 |
| 8 | $2,406,863 | $68,289 | -$58,198 | $1,351,724 | $1,055,140 |
| 9 | $2,479,069 | $70,879 | -$55,840 | $1,323,688 | $1,155,381 |
| 10 | $2,553,441 | $73,560 | -$53,397 | $1,293,727 | $1,259,715 |
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.