Miami Beach, FL 33141 · condos · For Sale · 544 days on market
Asking price$1,916,000
3 beds 2 baths 1,042 sqft
Suggested offer$662,188$1,253,812 above the est. market value of $662,188.
View on Realtor.com →Listed by Zuleyka Hoffman · Nest Seekers International, Miami, Flori
Typecondos
Built—
Price / sqft$1839
Est. value (own analysis)$662,188
Rent estimate (own analysis)$3,550/mo
HOANone
1 / 18
Show every detail
Statusfor_sale
Listed date2025-03-07
Removed date—
MLSNestSeekers #4228599
Coordinates25.85705, -80.12409
Address
CityMiami Beach
StateFL
Zip33141
Listing ID9035603422
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 | $1,916,000 |
| Down payment (20.0%) | $383,200 |
| Loan amount | $1,532,800 |
| Closing costs (5.0%) | $95,800 |
| Total cash to close | $479,000 |
| Income | |
| Rent (comp-derived) | $3,550$42,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,266$39,192 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,034$36,404 |
| Insurance (placeholder 0.8% of price) | $1,277$15,328 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $178$2,130 |
| Total operating expenses | $4,489$53,862 |
| 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) | $178$2,130 |
| 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 | 1,390 | $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 | — | |
| 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 | — | — |
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-8.9%
Equity multiple-0.51x
Total return (10yr)-$472,907
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,973,480 | -$14,670 | -$135,002 | $1,516,181 | $457,299 |
| 2 | $2,032,684 | -$14,841 | -$135,226 | $1,498,421 | $534,264 |
| 3 | $2,093,665 | -$15,010 | -$135,450 | $1,479,441 | $614,224 |
| 4 | $2,156,475 | -$15,177 | -$135,673 | $1,459,158 | $697,317 |
| 5 | $2,221,169 | -$15,343 | -$135,896 | $1,437,481 | $783,688 |
| 6 | $2,287,804 | -$15,506 | -$136,118 | $1,414,317 | $873,487 |
| 7 | $2,356,438 | -$15,666 | -$136,339 | $1,389,561 | $966,877 |
| 8 | $2,427,131 | -$15,824 | -$136,558 | $1,363,106 | $1,064,025 |
| 9 | $2,499,945 | -$15,978 | -$136,776 | $1,334,834 | $1,165,111 |
| 10 | $2,574,944 | -$16,130 | -$136,992 | $1,304,620 | $1,270,323 |
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.