OFF_MARKETRisky Deal142 days on market

1441 Biscayne Blvd #1503

1441 Biscayne Blvd #1503, Miami, FL 33132, Miami, FL 33132
$1,920,900

Listing Price

Property image 1
1441 Biscayne Blvd #1503, Miami, FL 33132
Loc: Miami, FL
Days Listed
142
Rent Estimate
$6,452/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
1 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
2.37%
Total ROI
1.5%
Cash Flow
$-5,927/mo
DSCR
0.39
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Data provided by Haven AI. Disclaimer

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Haven AI

The investment profile for 1441 Biscayne Blvd #1503 presents a significant risk for conservative investors. With a rental yield of only 2.37% and a staggering negative monthly cash flow of -$5,927.22, this property functions as an 'alligator' that will rapidly deplete capital reserves. Even with a 4% annual appreciation forecast, the high holding costs, property taxes, and potential HOA fees in a Miami luxury high-rise far outweigh the projected equity gains. For a conservative analyst, the inability of the asset to cover even a fraction of its debt service and operating expenses makes it a purely speculative play. The dependency on aggressive market appreciation rather than fundamental income generation renders this a poor selection for a balanced portfolio.

Strengths
  • Prime waterfront location on Biscayne Boulevard
  • Large square footage for a two-bedroom unit
  • High-end luxury appeal attracting premium tenant profiles
Considerations
  • Severe negative monthly cash flow exceeding $70,000 annually
  • Rental yield is significantly lower than current risk-free interest rates
  • High entry price point with limited cap rate compression potential
  • Heavy reliance on speculative appreciation to offset operational losses
  • Exposure to rising insurance premiums and HOA assessments in Florida
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2023-12-02Listed for sale$1,920,900$1,056
2023-11-23Listing removed$1,920,900$1,056
2023-10-11Price change$1,920,900$1,056
2023-10-07Listed for sale$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
3
Sq Ft
1,819
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: $1,920,900Rent Basis: Observed Comp Model ($6,452/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $960/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
1.52%

NOI: $29,272/yr

Cash-on-Cash Yield
-20.4%

On $441,807 invested

DSCR Ratio
0.24x

Negative debt coverage

5-Yr Leveraged ROI
+-8.0%

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)-$1,569/mo
Homeowner / Hazard Insurance-$960/mo
Vacancy Reserve (5% of rent)-$323/mo
Repairs & Maintenance (10% of rent)-$645/mo
Property Management (8% of rent)-$516/mo
Total Pure Operating Expenses-$4,013/mo
Net Investor Cash Flow
Gross Scheduled Rent+$6,452/mo
Less: Operating Expenses-$4,013/mo
Net Operating Income (NOI)+$2,439/mo
Less: Debt Service (30yr @ 6.75%)-$9,967/mo
Net Cash Flow
$-7,528/mo
$-90,334/year
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