412 NE 35th Ter #403
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Nearby Schools
Educational options and performance ratings in the area.
Eneida M. Hartner 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 property presents a high-risk profile for conservative investors, characterized by a severe negative monthly cash flow of -$970.07. At a $500,000 valuation for a mere 387 square feet, the cost basis exceeds $1,290 per square foot, which is exceptionally high even for the Edgewater/Midtown market. The low rental yield of 3.74% fails to compete with current risk-free rates and necessitates significant monthly out-of-pocket subsidies to cover debt service and high HOA costs. Relying solely on a 4% appreciation target while losing nearly $12,000 annually is a speculative strategy that provides no margin for market corrections.
- • Located in a high-demand, walkable Miami urban core
- • Strong historical appreciation trends in the immediate submarket
- • Relatively new construction likely reduces immediate CAPEX requirements
- • Substantial negative monthly cash flow requires deep-pocketed investor subsidy
- • Extremely high price per square foot reduces upside potential
- • Micro-unit layout (387 sqft) significantly limits the pool of potential future buyers
- • Rental yield is currently below the cost of financing, creating negative leverage
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2025-09-30 | Listed for sale | $500,000 | $1,292 |
| 2025-07-30 | Listing removed | $500,000 | $1,292 |
| 2023-12-01 | Listed for sale | $500,000 | $1,292 |
| 2023-11-24 | Listing removed | $500,000 | $1,292 |
| 2023-10-13 | Listed for sale | $500,000 | $1,292 |
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: $14,609/yr
On $115,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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