555 NE 15th St APT 30H
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Nearby Schools
Educational options and performance ratings in the area.
Phyllis Wheatley Elementary School
Jose De Diego Middle School
Booker T. Washington Senior High School
Miami, FL Investment Analysis (2026)
Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This Miami condo at 555 NE 15th St presents a modest investment opportunity, balancing a relatively high quoted gross yield against the inherent costs and risks of the South Florida condo market. The $420,000 price for an 800 sqft unit in this location is competitive but requires careful scrutiny of HOA fees, which significantly impact net cash flow. The projected 4% annual appreciation aligns with conservative market expectations for established urban cores. Cash flow projections must heavily factor in potential special assessments and rising insurance costs common in Miami, which can quickly erode the reported 7.05% gross yield. It's an average performer pending detailed operating expense verification.
- • Desirable urban location in Miami providing strong rental demand.
- • Relatively high gross rental yield (approx. 7.05%) indicating good gross cash flow potential.
- • Expected appreciation rate of 4% aligns with conservative long-term growth estimates for established markets.
- • High operating costs in Miami (insurance, taxes) may compress the Net Cash-on-Cash return significantly.
- • Condo units in dense markets are susceptible to high and unpredictable HOA fees and special assessments.
- • Market saturation in the Miami condo sector could temper aggressive rental growth forecasts.
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-03 | Sold | $420,000 | $525 |
| 2026-04-26 | Pending sale | $420,000 | $525 |
| 2026-03-31 | Listing removed | $3,300 | $4 |
| 2026-02-21 | Listed for rent | $3,300 | $4 |
| 2026-02-21 | Price change | $420,000 | $525 |
| 2025-12-27 | Listed for sale | $430,000 | $538 |
| 2024-01-31 | Sold | $415,000 | $519 |
| 2023-12-28 | Contingent | $440,000 | $550 |
| 2023-12-06 | Listed for sale | $440,000 | $550 |
| 2018-09-11 | Sold | $275,000 | $344 |
| 2018-08-28 | Pending sale | $299,000 | $374 |
| 2018-08-28 | Listed for sale | $299,000 | $374 |
| 2018-08-02 | Pending sale | $299,000 | $374 |
| 2018-06-04 | Listed for sale | $299,000 | $374 |
| 2018-01-19 | Listing removed | $299,000 | $374 |
| 2017-10-30 | Price change | $299,000 | $374 |
| 2017-07-12 | Price change | $329,000 | $411 |
| 2016-12-19 | Listed for sale | $349,000 | $436 |
| 2016-03-07 | Sold | $245,000 | $306 |
| 2016-02-23 | Pending sale | $275,000 | $344 |
| 2015-11-19 | Price change | $275,000 | $344 |
| 2015-11-04 | Price change | $290,000 | $363 |
| 2015-07-22 | Listed for sale | $305,000 | $381 |
| 1998-04-16 | Sold | $280,000 | $350 |
| 1995-03-14 | Sold | $103,000 | $129 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,944.63 | $291,720 |
| 2024 | $5,126.74 | $225,109 |
| 2023 | $4,560 | $204,645 |
| 2022 | $4,089.52 | $186,041 |
| 2021 | $3,672.56 | $169,129 |
| 2020 | $3,472.93 | $159,556 |
| 2019 | $3,480.63 | $159,556 |
| 2018 | $3,117.24 | $187,713 |
| 2017 | $3,117.24 | $210,914 |
| 2016 | $3,659.02 | $168,268 |
| 2015 | $3,837.55 | $152,971 |
| 2014 | $3,567.5 | $139,065 |
| 2013 | $2,946.22 | $127,476 |
| 2012 | $2,946.22 | $127,700 |
| 2011 | $2,965.75 | $126,424 |
| 2010 | $3,505.84 | $141,890 |
| 2009 | $4,761.83 | $202,700 |
| 2007 | $7,064.99 | $311,850 |
| 2006 | $5,381.59 | $0 |
| 2005 | $5,381.59 | $0 |
| 2004 | $4,837.38 | $0 |
| 2003 | $3,552.56 | $0 |
| 2002 | $2,520.39 | $0 |
| 2001 | $2,520.39 | $0 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $25,132/yr
On $96,600 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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