1218 Drexel Ave APT 204
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Fienberg/Fisher K-8 Center
Miami Beach Senior High School
Nautilus Middle 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
Analyzing property data...
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-31 | Listed for rent | $2,500 | $4 |
| 2026-06-22 | Listed for sale | $299,000 | $478 |
| 2025-06-28 | Listing removed | $2,500 | $4 |
| 2025-05-06 | Price change | $2,500 | $4 |
| 2025-05-04 | Price change | $2,650 | $4 |
| 2025-04-14 | Price change | $2,700 | $4 |
| 2025-04-11 | Listed for rent | $2,800 | $4 |
| 2024-03-04 | Listing removed | $0 | – |
| 2024-01-04 | Price change | $2,400 | $4 |
| 2023-12-18 | Price change | $2,600 | $4 |
| 2023-11-07 | Price change | $2,800 | $4 |
| 2023-11-03 | Listed for rent | $2,900 | $5 |
| 2022-10-16 | Listing removed | $0 | – |
| 2022-08-19 | Listed for rent | $2,900 | $5 |
| 2022-08-07 | Listed for sale | $399,000 | $637 |
| 2022-03-23 | Listing removed | $0 | – |
| 2021-11-28 | Listed for sale | $310,000 | $495 |
| 2021-01-19 | Listing removed | $0 | – |
| 2019-05-25 | Listed for sale | $270,000 | $431 |
| 2019-05-25 | Listing removed | $1,650 | $3 |
| 2019-04-21 | Listing removed | $270,000 | $431 |
| 2019-04-18 | Listed for sale | $270,000 | $431 |
| 2019-02-27 | Listed for rent | $1,650 | $3 |
| 2015-01-27 | Sold | $265,000 | $423 |
| 2012-08-28 | Sold | $225,000 | $359 |
| 2010-11-09 | Sold | $150,000 | $240 |
| 2003-09-26 | Sold | $125,000 | $200 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,021.96 | $212,469 |
| 2024 | $3,792.98 | $193,154 |
| 2023 | $3,532.05 | $175,595 |
| 2022 | $2,999.37 | $159,632 |
| 2021 | $3,145.11 | $162,890 |
| 2020 | $3,354.7 | $169,950 |
| 2019 | $2,993.97 | $154,500 |
| 2018 | $3,878.8 | $206,274 |
| 2017 | $3,878.8 | $217,131 |
| 2016 | $4,134.83 | $217,131 |
| 2015 | $3,740.75 | $188,810 |
| 2014 | $3,551.88 | $174,820 |
| 2013 | $2,236.56 | $174,820 |
| 2012 | $2,236.56 | $109,260 |
| 2011 | $2,458.23 | $118,760 |
| 2010 | $2,911.89 | $131,960 |
| 2009 | $2,857.51 | $138,910 |
| 2007 | $4,151.75 | $205,790 |
| 2006 | $3,172.6 | $0 |
| 2005 | $3,172.6 | $0 |
| 2004 | $2,586.66 | $0 |
| 2003 | $1,994.94 | $0 |
| 2002 | $1,701.51 | $0 |
| 2001 | $1,701.51 | $0 |
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: $22,500/yr
On $68,770 invested
Tight qualification
Equity + cumulative cash
Monthly Cash Flow Breakdown
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