300 N Biscayne Blvd Unit 7803

Miami, FL 33132 · condos · For Sale · 327 days on market
Asking price$7,657,854
3 beds 4 baths 2,838 sqft
Suggested offer$1,853,970$5,803,884 above the est. market value of $1,853,970.
View on Realtor.com →
Listed by Aura Aragon · PMG Residential LLC
Typecondos
Built2028
Price / sqft$2698
Est. value (own analysis)$1,853,970
Rent estimate (own analysis)$12,500/mo
HOA$4,600/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-10-10
Removed date
MLSMiamiMLS #A11893965
Coordinates25.77065, -80.18828
Address300 N Biscayne Blvd Unit 7803
CityMiami
StateFL
Zip33132
Listing ID9240398139
Sourceus-real-estate-listings, cached 2026-08-29

ZIP market snapshot (33132)

Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/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)

Purchase price$7,657,854
Down payment (20.0%)$1,531,571
Loan amount$6,126,283
Closing costs (5.0%)$382,893
Total cash to close$1,914,464
Rent (comp-derived)$12,500$150,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$150,000
Vacancy rate (assumption) assumption8.0%

$150,000 × 8.0% = $12,000

Effective gross income$11,500$138,000
Property tax (placeholder 1.9% of price)$12,125$145,499
Insurance (placeholder 0.8% of price)$5,105$61,263
HOA dues$4,600$55,200
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$625$7,500
Total operating expenses$22,455$269,462
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$138,000
Total operating expenses derived$269,462

$138,000 − $269,462 = -$131,462

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$6,126,283
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$6,126,283 amortized at 6.7% over 30 years = $39,369/mo

CapEx reserve (5.0% of GSR)$625$7,500
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$131,462
Annual debt service derived$472,430
Annual CapEx reserve assumption$7,500
Annual PMI assumption$0

(-$131,462 − $472,430 − $7,500 − $0) ÷ 12 = -$50,949

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$131,462
Purchase price data$7,657,854

-$131,462 ÷ $7,657,854 = -1.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$611,392
Total cash to close derived$1,914,464

-$611,392 ÷ $1,914,464 = -31.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$131,462
Annual debt service derived$472,430

-$131,462 ÷ $472,430 = -0.28

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$150,000
Purchase price data$7,657,854

($150,000 ÷ 12) ÷ $7,657,854 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$7,657,854
Gross scheduled rent (annual) comp$150,000

$7,657,854 ÷ $150,000 = 51.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$269,462
Effective gross income derived$138,000

$269,462 ÷ $138,000 = 195.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$269,462
Annual debt service derived$472,430
Annual PMI assumption$0
Gross scheduled rent (annual) comp$150,000

($269,462 + $472,430 + $0) ÷ $150,000 = 494.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos342,204$12,8002026-08-20
condos342,204$9,5002026-08-14
condos341,953$13,5002026-08-13
condos342,188$10,0002026-08-12
condos342,188$12,5002026-08-07
condos343,000$22,0002026-08-06
condos342,204$11,0002026-07-06
condos342,188$12,5002026-06-24
condos332,301$6,9002026-06-19
condos372,958$9,0002026-05-15
condos342,145$10,5002026-05-08
condos342,204$12,5002026-04-27
condos342,188$11,3002026-07-31
condos342,204$15,0002026-07-30
condos332,081$10,0002026-01-15
condos332,106$12,9002026-04-13
condos342,018$12,7502025-11-04
condos332,731$15,0002026-04-03
condos342,018$12,5002026-04-27
condos342,202$8,9952026-03-24
condos342,145$11,9002022-03-04
condos332,106$10,7502026-04-16
condos342,165$14,5002026-02-21
condos331,936$8,9002026-08-26
condos342,188$12,0002026-08-28
condos342,823$18,2002026-08-26
apartment352,823$16,8002026-08-27
condos342,204$12,800
condos342,204$9,750
condos342,165$14,500
condos342,450$26,0002026-08-31

851 NE 1st Ave Unit 3301

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed2026-08-20
Days on market

Asking rent: $12,800

View on Zillow →

851 NE 1st Ave Unit 2501

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed2026-08-14
Days on market

Asking rent: $9,500

View on Zillow →

1400 Biscayne Blvd Unit 3401

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage1,953
Listed2026-08-13
Days on market

Asking rent: $13,500

View on Zillow →

851 NE 1st Ave Unit 3911

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,188
Listed2026-08-12
Days on market

Asking rent: $10,000

View on Zillow →

851 NE 1st Ave Unit 2911

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,188
Listed2026-08-07
Days on market

Asking rent: $12,500

View on Zillow →

20 NE 11th St Apt 1701

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,000
Listed2026-08-06
Days on market

Asking rent: $22,000

View on Zillow →

851 NE 1st Ave Unit 2301

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed2026-07-06
Days on market

Asking rent: $11,000

View on Zillow →

851 NE 1st Ave Unit 1711

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,188
Listed2026-06-24
Days on market

Asking rent: $12,500

View on Zillow →

398 NE 5th St Apt 2301

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,301
Listed2026-06-19
Days on market

Asking rent: $6,900

View on Zillow →

1717 N Bayshore Dr Unit A3545

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 7 ba
Square footage2,958
Listed2026-05-15
Days on market

Asking rent: $9,000

View on Zillow →

900 Biscayne Blvd Apt 4006

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,145
Listed2026-05-08
Days on market

Asking rent: $10,500

View on Zillow →

851 NE 1st Ave Unit 2101

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed2026-04-27
Days on market

Asking rent: $12,500

View on Zillow →

851 NE 1st Ave Unit 3611

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,188
Listed2026-07-31
Days on market

Asking rent: $11,300

View on Zillow →

851 NE 1st Ave Unit 3201

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed2026-07-30
Days on market

Asking rent: $15,000

View on Zillow →

1100 Biscayne Blvd Unit 2907

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,081
Listed2026-01-15
Days on market

Asking rent: $10,000

View on Zillow →

1100 Biscayne Blvd Unit 6001

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,106
Listed2026-04-13
Days on market

Asking rent: $12,900

View on Zillow →

488 NE 18th St Unit 1815

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,018
Listed2025-11-04
Days on market

Asking rent: $12,750

View on Zillow →

1100 Biscayne Blvd Unit 6104

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,731
Listed2026-04-03
Days on market

Asking rent: $15,000

View on Zillow →

488 NE 18th St Unit 2315

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,018
Listed2026-04-27
Days on market

Asking rent: $12,500

View on Zillow →

851 NE 1st Ave Unit 1011

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,202
Listed2026-03-24
Days on market

Asking rent: $8,995

View on Zillow →

900 Biscayne Blvd Apt 2006

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,145
Listed2022-03-04
Days on market

Asking rent: $11,900

View on Zillow →

1100 Biscayne Blvd Unit 3901

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,106
Listed2026-04-16
Days on market

Asking rent: $10,750

View on Zillow →

851 NE 1st Ave Unit 2212

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,165
Listed2026-02-21
Days on market

Asking rent: $14,500

View on Zillow →

1900 N Bayshore Dr Apt 5004

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,936
Listed2026-08-26
Days on market

Asking rent: $8,900

View on Zillow →

851 NE 1st Ave Unit 1511

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,188
Listed2026-08-28
Days on market

Asking rent: $12,000

View on Zillow →

1400 Biscayne Blvd Unit 4304

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,823
Listed2026-08-26
Days on market

Asking rent: $18,200

View on Zillow →

1400 Biscayne Blvd Unit 4504

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,823
Listed2026-08-27
Days on market

Asking rent: $16,800

View on Zillow →

851 NE 1st Ave # CU3301

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed
Days on market

Asking rent: $12,800

View on Zillow →

851 NE 1st Ave Unit 3601

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,204
Listed
Days on market

Asking rent: $9,750

View on Zillow →

851 NE 1st Ave # CU2212

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,165
Listed
Days on market

Asking rent: $14,500

View on Zillow →

851 NE 1st Ave Unit 704

Miami, 33132 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,450
Listed2026-08-31
Days on market

Asking rent: $26,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1800 N Bayshore Dr Apt 1901condos332,189$1,420,0002026-08-17
488 NE 18th St Unit 5012condos342,365$2,575,0002026-08-14
398 NE 5th St Apt 4518condos331,135$1,050,0002026-08-14
851 NE 1st Ave Unit 1412condos342,165$1,290,0002026-08-05
601 NE 1 St Unit 2716condos331,633$1,175,0002026-07-24
50 Biscayne Blvd Apt 3510condos321,789$1,025,0002026-07-17
1717 N Bayshore Dr Unit A2451condos331,840$705,0002026-07-10
900 Biscayne Blvd Apt 3709condos331,579$1,175,0002026-06-30
50 Biscayne Blvd Apt 3702condos321,789$1,020,0002026-06-12
851 NE 1st Ave Unit 3401condos342,204$1,475,0002026-06-12
1900 N Bayshore Dr Apt 2512condos331,494$830,0002026-05-28
601 NE 1st Ave Unit 3316condos33$1,100,0002026-05-27
50 Biscayne Blvd Apt 1902condos321,789$1,035,0002026-04-30
275 NE 18th St Apt 1207condos321,318$605,0002026-04-29
1800 N Bayshore Dr Apt 1801condos332,189$1,400,0002026-04-16
851 NE 1st Ave Unit 1611condos342,188$1,350,0002026-03-16
900 Biscayne Blvd Apt 3902condos331,575$1,150,0002026-03-09
1900 N Bayshore Dr Apt 4902condos341,970$1,342,0002026-03-09
900 Biscayne Blvd Apt 2106condos342,145$1,800,0002026-03-09
900 Biscayne Blvd Apt 1707condos331,630$1,420,0002026-03-06
50 Biscayne Blvd Apt 3102condos321,789$1,030,0002026-02-27
488 NE 18th St Unit 4612condos342,018$2,225,0002026-02-20
488 NE 18th St Unit 2010condos341,592$1,040,0002026-02-18
488 NE 18th St Unit 3912condos342,018$2,300,0002026-01-27
1717 N Bayshore Dr Unit A2751condos331,840$690,0002026-01-06
1800 N Bayshore Dr Apt 2201condos332,189$1,475,0002025-12-23

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.

AddressTypeBedsBathsSqftAsking priceDays on market
851 NE 1st Ave Unit 3711condos342,188$1,675,000
398 NE 5th St Apt 4701condos331,150$1,650,000
1400 Biscayne Blvd Unit 3501condos341,953$2,650,000
175 NE 10 Streetcondo321,531$1,984,000
1400 Biscayne Blvd Unit 3201condos341,953$2,725,000
398 NE 5th St Apt 2118condos331,135$1,225,000
1717 N Bayshore Dr Unit A1951condos331,840$975,000
159 NE 6th St Unit 2415condos331,373$1,225,000

10-year hold projection

IRR-11.3%
Equity multiple-0.93x
Total return (10yr)-$2,699,549
YearProperty valueNOICash flowLoan balanceEquity
1$7,887,590-$131,462-$611,392$6,059,861$1,827,729
2$8,124,217-$134,059-$614,176$5,988,877$2,135,341
3$8,367,944-$136,699-$617,009$5,913,018$2,454,926
4$8,618,982-$139,385-$619,891$5,831,951$2,787,032
5$8,877,552-$142,115-$622,824$5,745,316$3,132,236
6$9,143,878-$144,892-$625,807$5,652,732$3,491,146
7$9,418,195-$147,714-$628,842$5,553,790$3,864,404
8$9,700,740-$150,583-$631,928$5,448,054$4,252,687
9$9,991,763-$153,499-$635,067$5,335,056$4,656,706
10$10,291,515-$156,462-$638,259$5,214,300$5,077,216
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.