1443 Biscayne Blvd Unit 306MOD2

Miami, FL 33132 · apartment · For Sale · 524 days on market
Asking price$1,400,900
1 beds 2 baths 1,595 sqft
Suggested offer$776,191$624,709 above the est. market value of $776,191.
View on Realtor.com →
Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typeapartment
Built
Price / sqft$878
Est. value (own analysis)$776,191
Rent estimate (own analysis)$3,950/mo
HOANone
Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-03-27
Removed date
MLSNestSeekers #3129812
Coordinates25.78847, -80.18880
Address1443 Biscayne Blvd Unit 306MOD2
CityMiami
StateFL
Zip33132
Listing ID9515968800
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$1,400,900
Down payment (20.0%)$280,180
Loan amount$1,120,720
Closing costs (5.0%)$70,045
Total cash to close$350,225
Rent (comp-derived)$3,950$47,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,400
Vacancy rate (assumption) assumption8.0%

$47,400 × 8.0% = $3,792

Effective gross income$3,634$43,608
Property tax (placeholder 1.9% of price)$2,218$26,617
Insurance (placeholder 0.8% of price)$934$11,207
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$198$2,370
Total operating expenses$3,350$40,194
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$43,608
Total operating expenses derived$40,194

$43,608 − $40,194 = $3,414

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$1,120,720
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,120,720 amortized at 6.7% over 30 years = $7,202/mo

CapEx reserve (5.0% of GSR)$198$2,370
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$3,414
Annual debt service derived$86,425
Annual CapEx reserve assumption$2,370
Annual PMI assumption$0

($3,414 − $86,425 − $2,370 − $0) ÷ 12 = -$7,115

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$3,414
Purchase price data$1,400,900

$3,414 ÷ $1,400,900 = 0.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$85,381
Total cash to close derived$350,225

-$85,381 ÷ $350,225 = -24.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$3,414
Annual debt service derived$86,425

$3,414 ÷ $86,425 = 0.04

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,400
Purchase price data$1,400,900

($47,400 ÷ 12) ÷ $1,400,900 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,400,900
Gross scheduled rent (annual) comp$47,400

$1,400,900 ÷ $47,400 = 29.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$40,194
Effective gross income derived$43,608

$40,194 ÷ $43,608 = 92.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$40,194
Annual debt service derived$86,425
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,400

($40,194 + $86,425 + $0) ÷ $47,400 = 267.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos111,048$3,0002026-08-17
condos121,091$3,3002026-08-11
condos111,087$1,5002026-08-10
condos121,066$3,1992026-07-27
condos121,173$4,8002026-07-23
condos111,048$2,8002026-07-22
condos111,048$3,2002026-07-20
condos111,203$4,5002026-07-13
condos121,185$5,1502026-07-01
condos121,048$3,2002026-06-22
condos121,048$3,3002026-06-18
apartment121,359$6,5002026-06-17
condos121,675$7,0002026-06-10
condos121,140$2,9502026-06-08
condos121,044$2,8002026-06-02
condos121,094$4,0002026-05-14
condos121,042$4,4002026-05-07
condos121,066$3,3002026-05-01
condos121,254$5,5502026-08-04
condos121,094$3,9002026-08-24
condos121,060$5,7002026-08-23
condos121,153$3,4002026-02-26
condos121,318$5,2002026-08-23
condos121,216$6,0002026-08-25
apartment121,185$4,995
condos121,216$5,9502026-08-28
condos121,190$5,5002026-08-30
condos121,138$3,2002026-09-01

1750 N Bayshore Dr Apt 2301

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,048
Listed2026-08-17
Days on market

Asking rent: $3,000

View on Zillow →

1717 N Bayshore Dr Unit A1450

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,091
Listed2026-08-11
Days on market

Asking rent: $3,300

View on Zillow →

275 NE 18th St Apt 1510

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,087
Listed2026-08-10
Days on market

Asking rent: $1,500

View on Zillow →

1717 N Bayshore Dr Unit A2938

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,066
Listed2026-07-27
Days on market

Asking rent: $3,199

View on Zillow →

851 NE 1st Ave Unit 3706

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,173
Listed2026-07-23
Days on market

Asking rent: $4,800

View on Zillow →

1750 N Bayshore Dr Apt 1609

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,048
Listed2026-07-22
Days on market

Asking rent: $2,800

View on Zillow →

1750 N Bayshore Dr Apt 5614

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,048
Listed2026-07-20
Days on market

Asking rent: $3,200

View on Zillow →

1749 NE Miami Ct Apt 413

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage1,203
Listed2026-07-13
Days on market

Asking rent: $4,500

View on Zillow →

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,185
Listed2026-07-01
Days on market

Asking rent: $5,150

View on Zillow →

1717 N Bayshore Dr Unit A2837

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,048
Listed2026-06-22
Days on market

Asking rent: $3,200

View on Zillow →

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,048
Listed2026-06-18
Days on market

Asking rent: $3,300

View on Zillow →

851 NE 1st Ave Unit 4806

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,359
Listed2026-06-17
Days on market

Asking rent: $6,500

View on Zillow →

1100 Biscayne Blvd Unit 5705

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,675
Listed2026-06-10
Days on market

Asking rent: $7,000

View on Zillow →

253 NE 2nd St Apt 509

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,140
Listed2026-06-08
Days on market

Asking rent: $2,950

View on Zillow →

253 NE 2nd St Apt 621

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,044
Listed2026-06-02
Days on market

Asking rent: $2,800

View on Zillow →

1717 N Bayshore Dr Unit A1542

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,094
Listed2026-05-14
Days on market

Asking rent: $4,000

View on Zillow →

900 Biscayne Blvd Apt 3407

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,042
Listed2026-05-07
Days on market

Asking rent: $4,400

View on Zillow →

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,066
Listed2026-05-01
Days on market

Asking rent: $3,300

View on Zillow →

851 NE 1st Ave Unit 2605

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,254
Listed2026-08-04
Days on market

Asking rent: $5,550

View on Zillow →

1717 N Bayshore Dr Unit A4242

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,094
Listed2026-08-24
Days on market

Asking rent: $3,900

View on Zillow →

1400 Biscayne Blvd Unit 708

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,060
Listed2026-08-23
Days on market

Asking rent: $5,700

View on Zillow →

133 NE 2nd Ave Apt 3213

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,153
Listed2026-02-26
Days on market

Asking rent: $3,400

View on Zillow →

851 NE 1st Ave Unit 2106

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,318
Listed2026-08-23
Days on market

Asking rent: $5,200

View on Zillow →

1400 Biscayne Blvd Unit 1604

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,216
Listed2026-08-25
Days on market

Asking rent: $6,000

View on Zillow →

851 NE 1st Ave

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,185
Listed
Days on market

Asking rent: $4,995

View on Zillow →

1400 Biscayne Blvd Unit 804

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,216
Listed2026-08-28
Days on market

Asking rent: $5,950

View on Zillow →

1400 Biscayne Blvd Unit 409

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,190
Listed2026-08-30
Days on market

Asking rent: $5,500

View on Zillow →

1717 N Bayshore Dr Unit A1145

Miami, 33132 · rent comp

Bedrooms / bathrooms1 bd / 2 ba
Square footage1,138
Listed2026-09-01
Days on market

Asking rent: $3,200

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
851 NE 1st Ave Unit 3800condos121,018$540,0002026-08-24
1800 N Bayshore Dr Apt 1908condos11839$355,0002026-08-21
1800 N Bayshore Dr Apt 1208condos11839$350,0002026-08-20
888 Biscayne Blvd Apt 3506condos12948$585,0002026-08-20
488 NE 18th St Unit 4005condos12743$535,0002026-08-18
1800 N Bayshore Dr Apt 4106condos11822$377,0002026-08-18
900 Biscayne Blvd Apt 2907condos12938$675,0002026-08-18
227 NE 2nd St Apt 1909condos11549$395,0002026-08-06
488 NE 18th St Unit 2802condos12766$485,0002026-08-01
1750 N Bayshore Dr Apt 4506condos11821$308,0002026-07-27
1750 N Bayshore Dr Apt 5105condos11825$320,0002026-07-15
1600 NE 1st Ave Apt 3012condos12850$400,0002026-07-09
900 Biscayne Blvd Apt 2910condos121,031$590,0002026-07-09
1900 N Bayshore Dr Apt 506condos11816$417,0002026-07-08
253 NE 2nd St Apt 1107condos11802$392,5002026-07-02
133 NE 2nd Ave Apt 611condos11651$248,0002026-06-24
398 NE 5th St Apt 2403condos11490$415,0002026-06-24
275 NE 18th St Apt 1806condos11749$355,0002026-06-23
1750 N Bayshore Dr Apt 2109condos11825$295,0002026-06-22
900 Biscayne Blvd Apt 3110condos121,031$610,0002026-06-22
601 NE 1st Ave Unit 3704condos11$460,0002026-06-18
275 NE 18th St Apt 901condos11734$315,0002026-06-16
133 NE 2nd Ave Apt 2015condos11651$290,0002026-06-16
900 Biscayne Blvd Apt 5104condos12938$670,0002026-06-12
133 NE 2nd Ave Apt 2515condos11651$275,8002026-06-09
1040 Biscayne Blvd Apt 4208condos121,029$530,0002026-06-09
1900 N Bayshore Dr Apt 505condos11811$412,0002026-06-08
1600 NE 1st Ave Apt 1011condos12$400,0002026-06-04
851 NE 1st Ave Unit 2102condos12937$525,0002026-06-02
133 NE 2nd Ave Apt 1905condos11651$290,0002026-06-01
159 NE 6th St Unit 2607condos11505$452,5002026-05-29
244 Biscayne Blvd Apt 2306condos11806$365,0002026-05-22
244 Biscayne Blvd Apt 3104condos11806$390,0002026-05-22
1800 N Bayshore Dr Apt 3206condos11822$365,0002026-05-19
1750 N Bayshore Dr Apt 2804condos11791$320,0002026-05-18
133 NE 2nd Ave Apt 2611condos11651$289,9002026-05-18
601 NE 1st Ave Unit 4407condos11550$420,0002026-05-15
133 NE 2nd Ave Apt 1410condos11620$280,0002026-05-15
888 Biscayne Blvd Apt 4011condos12845$540,0002026-05-13
488 NE 18th St Unit 4605condos12743$510,0002026-05-05
1900 N Bayshore Dr Apt 3616condos12867$417,5002026-05-01
1040 Biscayne Blvd Apt 3508condos12808$385,0002026-04-30
398 NE 5th St Apt 3008condos11430$450,0002026-04-23
398 NE 5th St Apt 4507condos11442$520,0002026-04-23
1717 N Bayshore Dr Unit A1439condos121,066$410,0002026-04-21
398 NE 5th St Apt 1905condos11442$420,0002026-04-20
1900 N Bayshore Dr Apt 1708condos11837$375,0002026-04-16
227 NE 2nd St Apt 2601condos11455$385,0002026-04-15
1717 N Bayshore Dr Unit A2637condos121,048$555,0002026-04-15
1750 N Bayshore Dr Apt 3612condos11791$322,0002026-04-14

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
1750 N Bayshore Dr Apt 3403condos11791$362,000
851 NE 1st Ave Unit 2110condos121,185$730,000
121 NE 5th St Apt 2908condos11606$525,000
1600 NE 1st Ave Apt 3614condos12857$469,000
900 Biscayne Blvd Apt 3803condos12912$750,000
398 NE 5th St Apt 1407condos11442$795,000
159 NE 6th St Unit 3108condos11832$510,000
1600 NE 1st Ave Apt 2405condos12867$505,000

10-year hold projection

IRR-6.4%
Equity multiple-0.07x
Total return (10yr)-$192,566
YearProperty valueNOICash flowLoan balanceEquity
1$1,442,927$3,414-$85,381$1,108,569$334,358
2$1,486,215$3,717-$85,137$1,095,583$390,631
3$1,530,801$4,035-$84,880$1,081,706$449,095
4$1,576,725$4,367-$84,610$1,066,876$509,849
5$1,624,027$4,714-$84,326$1,051,027$573,000
6$1,672,748$5,077-$84,029$1,034,090$638,658
7$1,722,930$5,457-$83,716$1,015,990$706,940
8$1,774,618$5,854-$83,388$996,647$777,971
9$1,827,857$6,268-$83,044$975,976$851,881
10$1,882,692$6,701-$82,683$953,885$928,808
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.