1430 Brickell Ave Unit 5002
Miami, FL 33131 · condos · For Sale · 133 days on market
Asking price$15,012,900
4 beds 4 baths 6,686 sqft
Suggested offer$7,861,666$7,151,234 above the est. market value of $7,861,666.
View on Realtor.com →Listed by Steven Mikhli · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$2245
Est. value (own analysis)$7,861,666
Rent estimate (own analysis)$27,000/mo
HOANone
1 / 12
Show every detail
Statusfor_sale
Listed date2026-04-23
Removed date—
MLSNestSeekers #5430540
Coordinates—
Address1430 Brickell Ave Unit 5002
CityMiami
StateFL
Zip33131
Listing ID9349437291
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 | $15,012,900 |
| Down payment (20.0%) | $3,002,580 |
| Loan amount | $12,010,320 |
| Closing costs (5.0%) | $750,645 |
| Total cash to close | $3,753,225 |
| Income | |
| Rent (comp-derived) | $27,000$324,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $24,840$298,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $23,770$285,245 |
| Insurance (placeholder 0.8% of price) | $10,009$120,103 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,350$16,200 |
| Total operating expenses | $35,129$421,548 |
| 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) | $1,350$16,200 |
| 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 | 4 | 4 | 2,391 | $24,000 | 2026-08-17 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-11 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-07 | — | |
| condos | 4 | 3 | 2,646 | $10,000 | 2026-07-20 | — | |
| condos | 4 | 4 | 2,365 | $13,800 | 2026-07-10 | — | |
| condos | 4 | 6 | 3,536 | $34,000 | 2026-07-09 | — | |
| condos | 4 | 6 | 3,601 | $45,000 | 2026-06-03 | — | |
| condos | 4 | 6 | 3,536 | $25,000 | 2026-05-18 | — | |
| condos | 4 | 5 | 3,657 | $32,000 | 2026-05-07 | — | |
| condos | 4 | 8 | 9,681 | $240,000 | 2026-08-01 | — | |
| condos | 4 | 6 | 3,536 | $23,000 | 2026-03-26 | — | |
| condos | 4 | 5 | 3,415 | $20,000 | 2026-02-25 | — |
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 |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Unit 1101E | condos | 4 | 5 | 3,643 | $4,650,000 | 2026-06-17 |
| 300 N Biscayne Boulevard Way Unit 4104C | condos | 4 | 6 | 3,214 | $4,387,500 | 2026-05-19 |
| 1331 Brickell Bay Dr Apt 4201 | condos | 4 | 5 | 3,415 | $3,672,000 | 2026-04-17 |
| 200 Biscayne Boulevard Way Apt 5402 | condos | 4 | 6 | 4,310 | $4,190,500 | 2026-02-26 |
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 |
|---|---|---|---|---|---|---|
| 825 Brickell Bay Dr Apt 1151 | condos | 4 | 3 | 1,980 | $750,000 | — |
| 1425 Brickell Ave Apt 42E | condos | 4 | 4 | 3,357 | $5,000,000 | — |
| 901 Brickell Key Blvd Apt 2408 | condos | 4 | 5 | 2,860 | $3,995,000 | — |
| 300 Biscayne Blvd Way Unit 1904C | condos | 4 | 6 | 3,536 | $4,995,000 | — |
| 300 Biscayne Blvd Way Apt 1704 | condos | 4 | 6 | 3,225 | $4,950,000 | — |
| 1331 Brickell Bay Dr Apt 3311 | condos | 4 | 5 | 3,415 | $3,795,000 | — |
| 1331 Brickell Bay Dr Apt 4605 | condos | 4 | 5 | 3,860 | $5,375,000 | — |
| 1080 Brickell Ave Unit 3900-3901 | condos | 4 | 5 | 1,593 | $2,449,000 | — |
10-year hold projection
IRR-9.0%
Equity multiple-0.53x
Total return (10yr)-$3,797,808
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $15,463,287 | -$123,468 | -$1,065,847 | $11,880,101 | $3,583,186 |
| 2 | $15,927,186 | -$125,065 | -$1,067,848 | $11,740,941 | $4,186,245 |
| 3 | $16,405,001 | -$126,656 | -$1,069,855 | $11,592,224 | $4,812,778 |
| 4 | $16,897,151 | -$128,241 | -$1,071,866 | $11,433,294 | $5,463,857 |
| 5 | $17,404,066 | -$129,819 | -$1,073,879 | $11,263,450 | $6,140,615 |
| 6 | $17,926,188 | -$131,387 | -$1,075,894 | $11,081,943 | $6,844,244 |
| 7 | $18,463,973 | -$132,944 | -$1,077,909 | $10,887,972 | $7,576,001 |
| 8 | $19,017,893 | -$134,488 | -$1,079,923 | $10,680,681 | $8,337,212 |
| 9 | $19,588,429 | -$136,017 | -$1,081,934 | $10,459,155 | $9,129,275 |
| 10 | $20,176,082 | -$137,529 | -$1,083,939 | $10,222,416 | $9,953,666 |
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.