690 SW 1st Ave Unit 1608
Miami, FL 33130 · condos · For Sale · 27 days on market
Asking price$860,000
1 beds 1 baths 548 sqft
Suggested offer$306,358$553,642 above the est. market value of $306,358.
View on Realtor.com →Listed by Fany Mendez · One Sotheby's International Realty
Typecondos
Built2027
Price / sqft$1569
Est. value (own analysis)$306,358
Rent estimate (own analysis)$2,800/mo
HOA$650/mo
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Show every detail
Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12064518
Coordinates—
Address690 SW 1st Ave Unit 1608
CityMiami
StateFL
Zip33130
Listing ID9969205059
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $860,000 |
| Down payment (20.0%) | $172,000 |
| Loan amount | $688,000 |
| Closing costs (5.0%) | $43,000 |
| Total cash to close | $215,000 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,362$16,340 |
| Insurance (placeholder 0.8% of price) | $573$6,880 |
| HOA dues | $650$7,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $2,725$32,700 |
| 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) | $140$1,680 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 640 | $1,900 | 2026-08-21 | — | |
| apartment | 1 | 1 | 644 | $2,196 | 2024-04-12 | — | |
| apartment | 1 | 1 | 531 | $2,554 | 2025-02-12 | — | |
| condos | 1 | 1 | 570 | $1,200 | 2026-08-19 | — | |
| condos | 1 | 1 | 693 | $3,100 | 2026-08-19 | — | |
| condos | 1 | 1 | 704 | $2,750 | 2026-08-19 | — | |
| condos | 1 | 1 | 541 | $3,400 | 2026-08-19 | — | |
| condos | 1 | 1 | 694 | $3,150 | 2026-08-18 | — | |
| condos | 1 | 1 | 693 | $2,950 | 2026-08-18 | — | |
| apartment | 1 | 1 | 551 | $2,050 | 2024-08-30 | — | |
| condos | 1 | 1 | 658 | $1,890 | 2026-08-14 | — | |
| apartment | 1 | 1 | 551 | $1,800 | 2026-08-14 | — | |
| condos | 1 | 1 | 553 | $3,200 | 2026-08-14 | — | |
| condos | 1 | 1 | 630 | $1,900 | 2026-08-13 | — | |
| condos | 1 | 2 | 684 | $3,600 | 2026-08-13 | — | |
| condos | 1 | 1 | 546 | $1,850 | 2026-08-13 | — | |
| apartment | 1 | 1 | 594 | $2,000 | 2026-08-13 | — | |
| apartment | 1 | 1 | 700 | $1,695 | 2026-08-13 | — | |
| apartment | 1 | 1 | 730 | $2,750 | 2025-01-03 | — | |
| condos | 1 | 1 | 466 | $4,000 | 2026-08-11 | — | |
| condos | 1 | 1 | 737 | $2,650 | 2026-08-11 | — | |
| condos | 1 | 1 | 699 | $3,800 | 2026-08-10 | — | |
| apartment | 1 | 2 | 627 | $1,650 | 2026-08-09 | — | |
| apartment | 1 | 1 | 617 | $2,117 | 2026-03-10 | — | |
| apartment | 1 | 1 | 548 | $1,900 | 2026-08-08 | — | |
| apartment | 1 | 1 | 694 | $2,399 | 2024-12-11 | — | |
| condos | 1 | 1 | 541 | $3,050 | 2026-08-07 | — | |
| condos | 1 | 1 | 707 | $3,100 | 2026-08-06 | — | |
| condos | 1 | 2 | 686 | $2,950 | 2026-08-06 | — | |
| condos | 1 | 2 | 649 | $3,690 | 2026-08-06 | — | |
| condos | 1 | 2 | 649 | $3,700 | 2026-08-05 | — | |
| condos | 1 | 1 | 638 | $2,650 | 2026-07-27 | — | |
| apartment | 1 | 1 | 664 | $2,904 | 2026-07-27 | — | |
| condos | 1 | 1 | 400 | $1,850 | 2026-07-24 | — | |
| condos | 1 | 1 | 707 | $2,995 | 2026-07-24 | — | |
| condos | 1 | 1 | 698 | $2,750 | 2026-07-23 | — | |
| condos | 1 | 1 | 698 | $2,600 | 2026-07-21 | — | |
| condos | 1 | 1 | 669 | $1,950 | 2026-07-21 | — | |
| condos | 1 | 1 | 736 | $2,900 | 2026-07-21 | — | |
| condos | 1 | 2 | 649 | $3,750 | 2026-07-21 | — | |
| condos | 1 | 1 | 696 | $2,495 | 2026-07-21 | — | |
| condos | 1 | 1 | 638 | $2,850 | 2026-07-20 | — | |
| condos | 1 | 1 | 710 | $2,450 | 2026-07-20 | — | |
| condos | 1 | 2 | 602 | $2,600 | 2026-07-20 | — | |
| condos | 1 | 1 | 704 | $2,800 | 2026-07-20 | — | |
| condos | 1 | 2 | 738 | $5,000 | 2026-07-16 | — | |
| condos | 1 | 2 | 686 | $2,850 | 2026-07-15 | — | |
| condos | 1 | 1 | 541 | $3,200 | 2026-07-13 | — | |
| condos | 1 | 1 | 698 | $2,300 | 2026-07-13 | — | |
| apartment | 1 | 1 | 600 | $1,800 | 2026-08-29 | — | |
| condos | 1 | 1 | 625 | $1,900 | 2026-07-09 | — | |
| condos | 1 | 2 | 705 | $2,750 | 2026-07-08 | — | |
| condos | 1 | 1 | 704 | $2,750 | 2026-07-07 | — | |
| condos | 1 | 1 | 694 | $3,000 | 2026-07-07 | — | |
| condos | 1 | 1 | 609 | $3,625 | 2026-07-06 | — | |
| condos | 1 | 1 | 693 | $2,800 | 2026-07-06 | — | |
| condos | 1 | 1 | 638 | $2,000 | 2026-07-05 | — | |
| condos | 1 | 1 | 694 | $3,000 | 2026-07-03 | — | |
| condos | 1 | 1 | 600 | $1,585 | 2026-07-03 | — | |
| condos | 1 | 1 | 605 | $1,850 | 2026-07-01 | — | |
| condos | 1 | 1 | 728 | $2,450 | 2026-06-30 | — | |
| condos | 1 | 1 | 696 | $2,500 | 2026-06-30 | — | |
| condos | 1 | 1 | 722 | $2,700 | 2026-06-30 | — | |
| condos | 1 | 2 | 649 | $3,800 | 2026-06-30 | — | |
| condos | 1 | 1 | 693 | $3,000 | 2026-06-26 | — | |
| condos | 1 | 2 | 737 | $2,775 | 2026-06-26 | — | |
| apartment | 1 | 1 | 550 | $2,050 | 2025-11-12 | — | |
| condos | 1 | 1 | 570 | $3,500 | 2026-06-24 | — | |
| condos | 1 | 1 | 698 | $2,700 | 2026-06-18 | — | |
| condos | 1 | 1 | 570 | $3,250 | 2026-06-11 | — | |
| condos | 1 | 1 | 541 | $3,000 | 2026-06-17 | — | |
| apartment | 1 | 1 | 609 | $3,950 | 2026-06-17 | — | |
| apartment | 1 | 1 | 697 | $1,999 | 2026-06-17 | — | |
| condos | 1 | 2 | 738 | $3,800 | 2026-06-12 | — | |
| condos | 1 | 1 | 530 | $1,650 | 2026-06-12 | — | |
| condos | 1 | 2 | 649 | $4,000 | 2026-06-10 | — | |
| apartment | 1 | 1 | 633 | $2,050 | 2026-06-08 | — | |
| condos | 1 | 1 | 694 | $2,800 | 2026-06-04 | — | |
| condos | 1 | 1 | 615 | $1,950 | 2026-05-28 | — | |
| condos | 1 | 1 | 705 | $3,000 | 2026-05-27 | — | |
| apartment | 1 | 1 | 519 | $2,044 | 2026-05-22 | — | |
| condos | 1 | 2 | 738 | $3,700 | 2026-05-23 | — | |
| condos | 1 | 2 | 649 | $3,400 | 2026-05-20 | — | |
| condos | 1 | 2 | 684 | $3,395 | 2026-05-20 | — | |
| apartment | 1 | 1 | 400 | $1,500 | 2026-05-14 | — | |
| condos | 1 | 2 | 649 | $3,700 | 2026-05-13 | — | |
| condos | 1 | 1 | 693 | $2,975 | 2026-05-13 | — | |
| condos | 1 | 1 | 699 | $4,000 | 2026-05-12 | — | |
| apartment | 1 | 1 | 500 | $1,700 | 2026-05-12 | — | |
| condos | 1 | 1 | 570 | $3,995 | 2026-05-04 | — | |
| condos | 1 | 1 | 609 | $3,350 | 2026-05-01 | — | |
| apartment | 1 | 1 | 624 | $1,675 | 2026-07-20 | — | |
| condos | 1 | 1 | 722 | $2,800 | 2026-08-04 | — | |
| condos | 1 | 1 | 541 | $3,500 | 2026-08-03 | — | |
| condos | 1 | 1 | 460 | $1,500 | 2026-08-03 | — | |
| condos | 1 | 1 | 704 | $2,800 | 2026-08-02 | — | |
| apartment | 1 | 1 | 566 | $1,900 | 2026-05-05 | — | |
| condos | 1 | 1 | 541 | $3,200 | 2026-07-31 | — | |
| condos | 1 | 1 | 648 | $2,900 | 2026-07-31 | — | |
| condos | 1 | 1 | 707 | $2,800 | 2026-07-30 | — | |
| apartment | 1 | 1 | 550 | $1,700 | 2025-06-10 | — | |
| condos | 1 | 1 | 570 | $3,995 | 2026-07-29 | — | |
| condos | 1 | 1 | 731 | $2,450 | 2026-07-28 | — | |
| condos | 1 | 2 | 738 | $3,500 | 2026-07-28 | — | |
| condos | 1 | 1 | 646 | $3,150 | 2026-07-28 | — | |
| condos | 1 | 1 | 638 | $2,650 | 2026-07-28 | — | |
| condos | 1 | 1 | 676 | $3,400 | 2026-07-28 | — | |
| condos | 1 | 1 | 693 | $3,000 | 2026-07-27 | — | |
| apartment | 1 | 1 | 648 | $2,050 | 2024-04-12 | — | |
| condos | 1 | 1 | 550 | $2,285 | 2024-04-21 | — | |
| apartment | 1 | 1 | 604 | $1,650 | 2026-08-26 | — | |
| condos | 1 | 1 | 616 | $2,200 | 2026-08-24 | — | |
| condos | 1 | 1 | 736 | $2,750 | 2026-08-25 | — | |
| condos | 1 | 2 | 665 | $3,000 | 2026-08-24 | — | |
| apartment | 1 | 1 | 510 | $1,675 | 2026-04-21 | — | |
| apartment | 1 | 1 | 600 | $1,800 | 2026-04-07 | — | |
| apartment | 1 | 1 | 620 | $2,800 | 2025-11-05 | — | |
| apartment | 1 | 1 | 703 | $2,500 | 2026-04-16 | — | |
| condos | 1 | 1 | 635 | $1,950 | 2026-03-14 | — | |
| condos | 1 | 1 | 650 | $1,950 | 2026-03-19 | — | |
| condos | 1 | 1 | 674 | $3,550 | 2026-01-23 | — | |
| condos | 1 | 1 | 516 | $3,000 | 2026-01-22 | — | |
| condos | 1 | 2 | 649 | $4,000 | 2025-09-28 | — | |
| condos | 1 | 2 | 705 | $2,700 | — | — | |
| apartment | 1 | 1 | 687 | $2,685 | — | — | |
| apartment | 1 | 1 | 687 | $2,735 | — | — | |
| apartment | 1 | 1 | 687 | $2,735 | — | — | |
| apartment | 1 | 1 | 687 | $2,760 | — | — | |
| apartment | 1 | 1 | 730 | $3,010 | — | — | |
| apartment | 1 | 1 | 739 | $3,185 | — | — | |
| apartment | 1 | 1 | 730 | $3,160 | — | — | |
| apartment | 1 | 1 | 739 | $3,160 | — | — | |
| apartment | 1 | 1 | 730 | $3,310 | — | — | |
| apartment | 1 | 1 | 739 | $3,585 | — | — | |
| apartment | 1 | 1 | 730 | $3,585 | — | — | |
| apartment | 1 | 1 | 580 | $2,120 | — | — | |
| apartment | 1 | 1 | 701 | $2,120 | — | — | |
| apartment | 1 | 1 | 428 | $1,450 | — | — | |
| apartment | 1 | 1 | 670 | $3,394 | — | — | |
| apartment | 1 | 1 | 694 | $2,399 | — | — | |
| apartment | 1 | 1 | 660 | $2,747 | — | — | |
| apartment | 1 | 1 | 701 | $2,120 | — | — | |
| apartment | 1 | 1 | 643 | $2,120 | — | — | |
| apartment | 1 | 1 | 720 | $2,450 | — | — | |
| apartment | 1 | 1 | 694 | $2,450 | — | — | |
| apartment | 1 | 1 | 614 | $3,119 | — | — | |
| condos | 1 | 1 | 605 | $1,900 | 2026-08-28 | — | |
| condos | 1 | 2 | 672 | $1,975 | 2026-08-28 | — | |
| condos | 1 | 1 | 638 | $2,849 | 2026-08-26 | — | |
| condos | 1 | 1 | 693 | $3,400 | 2026-08-26 | — | |
| condos | 1 | 2 | 638 | $3,400 | 2026-08-24 | — | |
| condos | 1 | 2 | 649 | $3,600 | 2026-08-25 | — | |
| condos | 1 | 1 | 553 | $3,200 | — | — | |
| apartment | 1 | 1 | 531 | $2,863 | — | — | |
| apartment | 1 | 1 | 614 | $3,074 | — | — | |
| apartment | 1 | 1 | 670 | $4,084 | — | — | |
| apartment | 1 | 1 | 670 | $3,379 | — | — | |
| apartment | 1 | 1 | 595 | $2,120 | — | — | |
| apartment | 1 | 1 | 694 | $2,475 | — | — | |
| apartment | 1 | 1 | 701 | $2,720 | — | — | |
| apartment | 1 | 1 | 701 | $2,710 | — | — | |
| apartment | 1 | 1 | 701 | $2,740 | — | — | |
| apartment | 1 | 1 | 660 | $2,878 | — | — | |
| apartment | 1 | 1 | 670 | $4,313 | — | — | |
| apartment | 1 | 1 | 657 | $2,740 | — | — | |
| apartment | 1 | 1 | 670 | $4,350 | — | — | |
| apartment | 1 | 1 | 670 | $3,963 | — | — | |
| apartment | 1 | 1 | 664 | $2,919 | — | — | |
| apartment | 1 | 1 | 664 | $2,796 | — | — | |
| apartment | 1 | 1 | 614 | $3,228 | — | — | |
| apartment | 1 | 1 | 614 | $3,194 | — | — | |
| apartment | 1 | 1 | 614 | $3,184 | — | — | |
| apartment | 1 | 1 | 670 | $3,419 | — | — | |
| apartment | 1 | 1 | 670 | $5,950 | — | — | |
| apartment | 1 | 2 | 738 | $4,000 | — | — | |
| apartment | 1 | 1 | 736 | $4,358 | — | — | |
| apartment | 1 | 1 | 670 | $4,113 | — | — | |
| apartment | 1 | 1 | 698 | $4,165 | — | — | |
| apartment | 1 | 1 | 698 | $4,266 | — | — | |
| apartment | 1 | 1 | 670 | $4,718 | — | — | |
| apartment | 1 | 1 | 736 | $4,558 | — | — | |
| condos | 1 | 1 | 693 | $3,200 | 2025-10-20 | — | |
| apartment | 1 | 1 | 650 | $1,600 | 2024-04-15 | — | |
| apartment | 1 | 1 | 517 | $1,900 | 2026-09-02 | — | |
| condos | 1 | 2 | 738 | $3,500 | 2026-08-31 | — | |
| apartment | 1 | 1 | 400 | $1,500 | 2026-09-02 | — | |
| apartment | 1 | 1 | 510 | $1,900 | 2026-09-02 | — | |
| condos | 1 | 1 | 722 | $2,750 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 999 SW 1st Ave Apt 1201 | condos | 1 | 1 | 762 | $422,500 | 2026-08-21 |
| 45 SW 9th St Apt 2009 | condos | 1 | 2 | 738 | $480,000 | 2026-08-14 |
| 45 SW 9th St Apt 3502 | condos | 1 | 2 | 792 | $575,000 | 2026-08-12 |
| 350 S Miami Ave Apt 3508 | condos | 1 | 1 | 768 | $360,000 | 2026-07-31 |
| 1100 S Miami Ave Apt 3303 | condos | 1 | 1 | 923 | $516,000 | 2026-07-27 |
| 10 SW S River Dr Unit 708 | condos | 1 | 1 | 696 | $270,000 | 2026-07-14 |
| 92 SW 3rd St Apt 1807 | condos | 1 | 2 | 789 | $395,000 | 2026-07-10 |
| 1300 S Miami Ave Unit 1107 | condos | 1 | 1 | 570 | $467,000 | 2026-07-01 |
| 777 SW 9th Ave Apt 409 | condos | 1 | 1 | 551 | $160,000 | 2026-06-29 |
| 92 SW 3rd St Apt 4109 | condos | 1 | 1 | 764 | $415,000 | 2026-06-23 |
| 55 SW 9th St Apt 1802 | condos | 1 | 1 | 609 | $430,000 | 2026-06-17 |
| 45 SW 9th St Apt 1609 | condos | 1 | 2 | 738 | $450,000 | 2026-06-17 |
| 350 S Miami Ave Apt 3507 | condos | 1 | 1 | 768 | $340,000 | 2026-06-08 |
| 185 SW 7th St Apt 2514 | condos | 1 | 1 | 789 | $390,000 | 2026-06-01 |
| 60 SW 13th St Apt 3004 | condos | 1 | 2 | 780 | $390,000 | 2026-05-20 |
| 88 SW 7th St Apt 2008 | condos | 1 | 2 | 883 | $550,000 | 2026-05-15 |
| 1300 S Miami Ave Unit 1003 | condos | 1 | 2 | 880 | $560,000 | 2026-05-13 |
| 30 SW 11th Ave Apt 4 | condos | 1 | 2 | 723 | $181,000 | 2026-04-30 |
| 185 SW 7th St Apt 4004 | condos | 1 | 1 | 848 | $400,000 | 2026-04-30 |
| 1300 S Miami Ave Unit 1503 | condos | 1 | 2 | 880 | $595,000 | 2026-04-30 |
| 60 SW 13th St Apt 3405 | condos | 1 | 1 | 595 | $345,000 | 2026-04-27 |
| 90 SW 3rd St Apt 3010 | condos | 1 | 1 | 814 | $415,000 | 2026-04-10 |
| 690 SW 1st Ct Apt 1517 | condos | 1 | 2 | 795 | $340,000 | 2026-04-07 |
| 350 S Miami Ave Apt 1907 | condos | 1 | 1 | 768 | $347,000 | 2026-04-01 |
| 1010 SW 2nd Ave Unit 1010 | condos | 1 | 1 | 648 | $360,000 | 2026-03-30 |
| 350 S Miami Ave Apt 2712 | condos | 1 | 1 | 704 | $310,000 | 2026-03-27 |
| 185 SW 7th St Apt 3814 | condos | 1 | 1 | 789 | $380,000 | 2026-03-26 |
| 79 SW 12th St Apt 1002S | condos | 1 | 1 | 693 | $395,000 | 2026-03-25 |
| 88 SW 7th St Apt 1808 | condos | 1 | 2 | 883 | $560,000 | 2026-03-25 |
| 55 SW 9th St Apt 4004 | condos | 1 | 2 | 851 | $600,000 | 2026-03-18 |
| 1051 SW 1st St Apt 110 | condos | 1 | 1 | 707 | $138,500 | 2026-03-16 |
| 1300 S Miami Ave Unit 4704 | condos | 1 | 1 | 699 | $620,000 | 2026-03-16 |
| 350 S Miami Ave Apt 1208 | condos | 1 | 1 | 740 | $345,000 | 2026-03-09 |
| 999 SW 1st Ave Apt 2208 | condos | 1 | 1 | 674 | $430,000 | 2026-03-09 |
| 199 SW 12th Ave Unit 410A | condos | 1 | 1 | 632 | $169,000 | 2026-03-06 |
| 79 SW 12th St Apt 2811 | condos | 1 | 1 | — | $405,000 | 2026-03-02 |
| 1300 S Miami Ave Unit 4303 | condos | 1 | 2 | 880 | $650,000 | 2026-02-26 |
| 185 SW 7th St Apt 4204 | condos | 1 | 1 | 871 | $400,000 | 2026-02-24 |
| 1300 S Miami Ave Unit 2508 | condos | 1 | 2 | 649 | $495,000 | 2026-02-10 |
| 350 S Miami Ave Apt 1410 | condos | 1 | 1 | 740 | $335,000 | 2026-01-26 |
| 92 SW 3rd St Apt 3809 | condos | 1 | 1 | 764 | $410,000 | 2026-01-20 |
| 45 SW 9th St Apt 1107 | condos | 1 | 1 | 620 | $460,000 | 2026-01-20 |
| 185 SW 7th St Apt 1508 | condos | 1 | 1 | 783 | $360,000 | 2026-01-16 |
| 60 SW 13th St Apt 2609 | condos | 1 | 2 | 663 | $385,000 | 2026-01-16 |
| 801 S Miami Ave Unit 3306 | condos | 1 | 2 | 881 | $604,000 | 2026-01-14 |
| 801 S Miami Ave Unit 1708 | condos | 1 | 2 | 849 | $575,000 | 2026-01-12 |
| 1100 S Miami Ave Apt 1809 | condos | 1 | 1 | 769 | $475,000 | 2026-01-08 |
| 60 SW 13th St Apt 3407 | condos | 1 | 1 | 615 | $355,000 | 2026-01-08 |
| 801 S Miami Ave Unit 1803 | condos | 1 | 2 | 838 | $600,000 | 2025-12-30 |
| 88 SW 7th St Apt 1008 | condos | 1 | 2 | 883 | $610,000 | 2025-12-23 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 90 SW 3rd St Apt 1608 | condos | 1 | 1 | 736 | $390,000 | — |
| 1100 S Miami Ave Apt 2608 | condos | 1 | 1 | 812 | $523,000 | — |
| 45 SW 9th St Apt 1604 | condos | 1 | 2 | 843 | $559,000 | — |
| 801 S Miami Ave Unit 2306 | condos | 1 | 2 | 881 | $615,000 | — |
| 60 SW 13th St Apt 4008 | condos | 1 | 2 | 686 | $440,000 | — |
| 690 SW 1st Ct Apt 1934 | condos | 1 | 1 | 602 | $330,999 | — |
| 90 SW 3rd St Unit 300B | condos | 1 | 2 | 1,111 | $489,879 | — |
| 999 SW 1st Ave Apt 2009 | condos | 1 | 1 | 819 | $458,000 | — |
10-year hold projection
IRR-7.6%
Equity multiple-0.28x
Total return (10yr)-$163,167
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $885,800 | -$1,788 | -$56,523 | $680,541 | $205,259 |
| 2 | $912,374 | -$1,678 | -$56,455 | $672,569 | $239,805 |
| 3 | $939,745 | -$1,561 | -$56,381 | $664,050 | $275,695 |
| 4 | $967,938 | -$1,436 | -$56,300 | $654,946 | $312,992 |
| 5 | $996,976 | -$1,303 | -$56,213 | $645,217 | $351,759 |
| 6 | $1,026,885 | -$1,162 | -$56,118 | $634,819 | $392,066 |
| 7 | $1,057,692 | -$1,011 | -$56,015 | $623,708 | $433,984 |
| 8 | $1,089,422 | -$852 | -$55,904 | $611,833 | $477,589 |
| 9 | $1,122,105 | -$683 | -$55,786 | $599,143 | $522,962 |
| 10 | $1,155,768 | -$505 | -$55,658 | $585,582 | $570,186 |
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.