300 Sunny Isles Blvd Ph 3

Sunny Isles Beach, FL 33160 · condos · For Sale · 56 days on market
Asking price$3,500,000
5 beds 6 baths 3,722 sqft
Suggested offer$1,111,464$2,388,536 above the est. market value of $1,111,464.
View on Realtor.com →
Listed by Taryn Crampton · Luxe Living Realty
Typecondos
Built2020
Price / sqft$940
Est. value (own analysis)$1,111,464
Rent estimate (own analysis)$57,450/mo
HOA$4,500/mo
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-08
Removed date
MLSMiamiMLS #A12049979
Coordinates25.92938, -80.12515
Address300 Sunny Isles Blvd Ph 3
CitySunny Isles Beach
StateFL
Zip33160
Listing ID9948048440
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33160)

Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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$3,500,000
Down payment (20.0%)$700,000
Loan amount$2,800,000
Closing costs (5.0%)$175,000
Total cash to close$875,000
Rent (comp-derived)$57,450$689,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$689,400
Vacancy rate (assumption) assumption8.0%

$689,400 × 8.0% = $55,152

Effective gross income$52,854$634,248
Property tax (placeholder 1.9% of price)$5,542$66,500
Insurance (placeholder 0.8% of price)$2,333$28,000
HOA dues$4,500$54,000
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$2,873$34,470
Total operating expenses$15,248$182,970
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$634,248
Total operating expenses derived$182,970

$634,248 − $182,970 = $451,278

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$2,800,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,800,000 amortized at 6.7% over 30 years = $17,994/mo

CapEx reserve (5.0% of GSR)$2,873$34,470
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$451,278
Annual debt service derived$215,923
Annual CapEx reserve assumption$34,470
Annual PMI assumption$0

($451,278 − $215,923 − $34,470 − $0) ÷ 12 = $16,740

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$451,278
Purchase price data$3,500,000

$451,278 ÷ $3,500,000 = 12.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$200,885
Total cash to close derived$875,000

$200,885 ÷ $875,000 = 23.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$451,278
Annual debt service derived$215,923

$451,278 ÷ $215,923 = 2.09

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$689,400
Purchase price data$3,500,000

($689,400 ÷ 12) ÷ $3,500,000 = 1.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,500,000
Gross scheduled rent (annual) comp$689,400

$3,500,000 ÷ $689,400 = 5.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$182,970
Effective gross income derived$634,248

$182,970 ÷ $634,248 = 28.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$182,970
Annual debt service derived$215,923
Annual PMI assumption$0
Gross scheduled rent (annual) comp$689,400

($182,970 + $215,923 + $0) ÷ $689,400 = 57.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos584,247$75,0002026-08-14
condos563,176$29,8002022-10-06
condos574,077$45,0002026-08-12
condos583,803$54,9002026-04-13
condos583,803$65,0002026-04-02
apartment583,803$60,0002026-07-24
condos562,682$33,0002025-01-08
condos584,247$75,000

17975 Collins Ave Unit N2001

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage4,247
Listed2026-08-14
Days on market

Asking rent: $75,000

View on Zillow →

18975 E Collins Ave Unit 3802

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage3,176
Listed2022-10-06
Days on market

Asking rent: $29,800

View on Zillow →

16901 Collins Ave Apt 4201

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage4,077
Listed2026-08-12
Days on market

Asking rent: $45,000

View on Zillow →

17901 Collins Ave Unit 2604

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage3,803
Listed2026-04-13
Days on market

Asking rent: $54,900

View on Zillow →

17901 Collins Ave Unit 2404

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage3,803
Listed2026-04-02
Days on market

Asking rent: $65,000

View on Zillow →

17901 Collins Ave Unit 3004

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage3,803
Listed2026-07-24
Days on market

Asking rent: $60,000

View on Zillow →

18975 Collins Ave Unit 4102

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage2,682
Listed2025-01-08
Days on market

Asking rent: $33,000

View on Zillow →

17975 Collins Ave # #fl

Sunny Isles Beach, 33160 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage4,247
Listed
Days on market

Asking rent: $75,000

View on Zillow →

Widened to any bedroom count in ZIP. 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
100 Bayview Dr Apt 2124condos221,357$6502026-09-02
18555 Collins Ave Apt 2805condos353,171$3,500,0002026-09-01
2999 Point East Dr Apt C502condos11816$180,0002026-09-01
17749 Collins Ave Apt 3501condos474,609$6,500,0002026-08-31
3551 NE 169th St Apt 301condos221,085$250,0002026-08-31
3862 NE 171st St Unit Ccondos231,200$382,0002026-08-31
2000 Island Blvd Apt 1109condos332,630$825,0002026-08-28
2841 NE 163rd St Apt 704condos12790$197,0002026-08-28
6750864223condos01664$220,0002026-08-28
18001 Collins Ave Unit 1010condos01551$220,0002026-08-28
18001 Collins Ave Unit 1403condos01551$220,0002026-08-28
300 Sunny Isles Blvd Unit 4-807condos341,892$1,240,0002026-08-28
330 Sunny Isles Blvd Unit 5-1708condos341,892$1,500,0002026-08-26
230 174th St Apt 902condos221,276$435,0002026-08-26
16400 Collins Ave Apt 1242condos221,530$815,0002026-08-25
17901 Collins Ave Unit 3003condos452,987$6,700,0002026-08-25
250 174th St Apt 1510condos01595$170,0002026-08-25
300 Bayview Dr Apt 307condos221,350$410,0002026-08-25
18011 Biscayne Blvd Unit 1704-1condos221,605$170,0002026-08-25
17301 Biscayne Blvd Apt 1106condos342,158$985,0002026-08-25
19370 Collins Ave Apt 319condos121,005$335,0002026-08-24
2801 NE 183rd St Unit 405Wcondos121,066$172,0002026-08-24
18061 Biscayne Blvd Apt 1203condos121,005$180,0002026-08-24
15811 Collins Ave Apt 2201condos342,928$2,525,0002026-08-24
17301 Biscayne Blvd Apt 401condos231,999$800,0002026-08-21
18001 Collins Ave Unit 2204condos01457$200,0002026-08-21
18001 Collins Ave Unit 2102condos01664$205,0002026-08-21
3944 NE 167th St Apt 106condos22970$190,0002026-08-21
2851 NE 183rd St Apt 1416Econdos221,693$320,0002026-08-21
17001 Collins Ave Apt 2307condos231,479$1,750,0002026-08-21
17890 W Dixie Hwy Apt 307condos321,652$290,0002026-08-20
3750 NE 169th St Apt 102condos12812$185,0002026-08-20
5878676453condos111,005$295,0002026-08-19
3600 NE 170th St Apt 102condos12812$185,0002026-08-19
2750 NE 183rd St Apt 2108condos221,268$260,0002026-08-19
19380 Collins Ave Apt 712condos111,005$255,0002026-08-18
2920 Point East Dr Apt N111condos11768$160,0002026-08-18
250 174th St Apt 2012condos121,087$240,0002026-08-18
17051 NE 35th Ave Apt 202condos22861$190,0002026-08-17
3551 NE 169th St Apt 104condos11812$150,0002026-08-17
3550 NE 169th St Apt 407condos221,085$289,0002026-08-17
300 Bayview Dr Apt 905condos221,350$340,0002026-08-17
17700 N Bay Rd Apt 805condos221,300$640,0002026-08-17
17375 Collins Ave Unit 1708condos331,860$780,0002026-08-14
5752196881condos221,115$620,0002026-08-14
3020 Marcos Dr Apt S109condos11768$105,0002026-08-13
16001 Collins Ave Apt 1504condos342,327$2,800,0002026-08-13
400 Sunny Isles Blvd Apt 116condos231,403$820,0002026-08-13
300 Bayview Dr Apt 1009condos12762$215,0002026-08-12
3750 NE 169th St Apt 408condos11812$179,5002026-08-10

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
18825 N Bay Rdsingle_family55$3,500,000
268 S Parkwaysingle_family544,019$14,800,000
4027 194th Trlsingle_family553,403$3,890,000
2950 NE 164th Stsingle_family565,796$7,450,000
3960 194th Trlsingle_family553,291$2,950,000
16414 NE 33rd Avesingle_family562,053$3,699,000
16470 NE 30th Avesingle_family585,347$14,500,000
16430 NE 30th Avesingle_family555,027$6,175,000

10-year hold projection

IRR30.2%
Equity multiple5.39x
Total return (10yr)$4,296,179
YearProperty valueNOICash flowLoan balanceEquity
1$3,605,000$451,278$200,885$2,769,642$835,358
2$3,713,150$465,731$214,477$2,737,199$975,951
3$3,824,545$480,641$228,503$2,702,528$1,122,016
4$3,939,281$496,021$242,978$2,665,476$1,273,804
5$4,057,459$511,887$257,916$2,625,880$1,431,579
6$4,179,183$528,254$273,331$2,583,565$1,595,618
7$4,304,559$545,136$289,239$2,538,344$1,766,214
8$4,433,695$562,551$305,655$2,490,018$1,943,677
9$4,566,706$580,515$322,594$2,438,373$2,128,333
10$4,703,707$599,045$340,074$2,383,182$2,320,526
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.