FOR_SALERisky Deal776 days on market

8221 Crespi Blvd

8221 Crespi Blvd, Miami Beach, FL 33141, Miami Beach, FL 33141
$1,850,000
Zestimate®:$1,441,500

Listing Price

Property image 1
8221 Crespi Blvd, Miami Beach, FL 33141
Loc: Miami Beach, FL
Days Listed
776
Tax Assessed
$918k
Zestimate®
$1442k
Market Rate
Lot Size
5,750 sqft
Rent Estimate
$7,790/mo
Est. Cash Flow base
Type
single family

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.

7

Biscayne Elementary School

PK-5
0.5 mi away
5

Nautilus Middle School

6-8
3.7 mi away
5

Miami Beach Senior High School

9-12
4.8 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
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.89%
Total ROI
9.1%
Cash Flow
$-3,361/mo
DSCR
0.64
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-28Listing removed$1,850,000$596
2026-05-11Price change$1,850,000$596
2026-04-01Price change$1,900,000$612
2025-03-04Listed for sale$1,950,000$628
2025-02-24Listing removed$1,950,000$628
2024-07-08Listed for sale$1,950,000$628
2024-07-06Listing removed$0
2024-03-14Price change$1,950,000$628
2024-01-18Listed for sale$2,000,000$644
2023-09-19Listing removed$0
2023-03-02Listed for sale$1,800,000$580
2018-07-08Listing removed$1,100
2018-06-07Listed for rent$1,100
2017-02-26Listing removed$1,100
2017-01-27Listed for rent$1,100
2004-10-25Sold$497,000$160
1997-01-27Sold$156,000$50

Tax History

YearProperty TaxTax Assessment
2025$15,788.74$799,955
2024$13,974.92$727,232
2023$12,481.12$660,492
2022$6,139.02$329,361
2021$5,499.43$306,165
2020$5,301.38$286,506
2019$5,059.97$267,614
2018$4,668.76$250,671
2017$4,668.76$234,938
2016$4,547.49$220,490
2015$3,811.52$208,524
2014$3,776.79$197,495
2012$5,527.88$303,674
2011$5,066.68$284,765
2010$5,045.01$269,282
2009$8,450.14$451,065
2007$12,357.5$612,528
2006$8,827.25$0
2005$8,827.25$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
5
Sq Ft
3,104
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: $1,850,000Rent Basis: Observed Comp Model ($7,790/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $925/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.80%

NOI: $51,885/yr

Cash-on-Cash Yield
-14.9%

On $425,500 invested

DSCR Ratio
0.45x

Negative debt coverage

5-Yr Leveraged ROI
+19.8%

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)-$750/mo
Homeowner / Hazard Insurance-$925/mo
Vacancy Reserve (5% of rent)-$390/mo
Repairs & Maintenance (10% of rent)-$779/mo
Property Management (8% of rent)-$623/mo
Total Pure Operating Expenses-$3,466/mo
Net Investor Cash Flow
Gross Scheduled Rent+$7,790/mo
Less: Operating Expenses-$3,466/mo
Net Operating Income (NOI)+$4,324/mo
Less: Debt Service (30yr @ 6.75%)-$9,599/mo
Net Cash Flow
$-5,275/mo
$-63,306/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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