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Educational options and performance ratings in the area.
Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Data provided by Haven AI. Disclaimer
This property presents a highly speculative investment profile characterized by severe negative cash flow. With a monthly deficit of approximately $2,250, the investor is essentially subsidizing the asset to achieve a modest 3.2% rental yield. In a high-interest rate environment, relying on a 4% annual appreciation to offset such significant operating losses is fundamentally unsound and carries substantial financial risk. The purchase price per square foot is exceptionally high for a one-bedroom unit, leaving little room for error if the Miami luxury condo market corrects or stagnates. This asset is strictly speculative and fails to meet basic criteria for a cash-flowing investment, making it unsuitable for conservative portfolios.
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2023-12-02 | Listed for sale | $940,900 | $888 |
| 2023-11-24 | Listing removed | $940,900 | $888 |
| 2023-10-06 | Listed for sale | $940,900 | $888 |
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $34,047/yr
On $216,407 invested
Negative debt coverage
Equity + cumulative cash
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