FOR_SALERisky Deal142 days on market

1442 Biscayne Blvd #208

1442 Biscayne Blvd #208, Miami, FL 33132, Miami, FL 33132
$940,900

Listing Price

Property image 1
1442 Biscayne Blvd #208, Miami, FL 33132
Loc: Miami, FL
Days Listed
142
Rent Estimate
$5,293/mo
Est. Cash Flow base
Type
apartment

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

2

Phyllis Wheatley Elementary School

PK-5
0.6 mi away
3

Jose De Diego Middle School

6-8
1.5 mi away
4

Booker T. Washington Senior High School

9-12
0.9 mi away
Haven Underwritten Market·Moderate (1.10 - 1.24x)

Miami, FL Investment Analysis (2026)

Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
3.20%
Total ROI
5.7%
Cash Flow
$-2,250/mo
DSCR
0.53
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Data provided by Haven AI. Disclaimer

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Haven AI

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.

Strengths
  • Prime location in a high-demand Miami metropolitan corridor
  • Modern square footage for a one-bedroom unit
  • Potential for long-term urban core appreciation
Considerations
  • Unsustainable negative monthly cash flow
  • Extremely high acquisition cost relative to rental income potential
  • Excessive reliance on market appreciation to break even
  • High HOA and tax environment typical of Biscayne corridor luxury buildings
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2023-12-02Listed for sale$940,900$888
2023-11-24Listing removed$940,900$888
2023-10-06Listed for sale$940,900$888
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
2
Sq Ft
1,060
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $940,900Rent Basis: Observed Comp Model ($5,293/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $470/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.62%

NOI: $34,047/yr

Cash-on-Cash Yield
-11.3%

On $216,407 invested

DSCR Ratio
0.58x

Negative debt coverage

5-Yr Leveraged ROI
+37.5%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$768/mo
Homeowner / Hazard Insurance-$470/mo
Vacancy Reserve (5% of rent)-$265/mo
Repairs & Maintenance (10% of rent)-$529/mo
Property Management (8% of rent)-$423/mo
Total Pure Operating Expenses-$2,456/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,293/mo
Less: Operating Expenses-$2,456/mo
Net Operating Income (NOI)+$2,837/mo
Less: Debt Service (30yr @ 6.75%)-$4,882/mo
Net Cash Flow
$-2,045/mo
$-24,539/year
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