FOR_SALEExcellent Deal2 days on market

234 Washington Ave #A

234 Washington Ave #A, Miami Beach, FL 33139, Miami Beach, FL 33139
$3,500,000

Listing Price

Property image 1
234 Washington Ave #A, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
2
Tax Assessed
$2150k
Type
townhouse

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.

9

South Pointe Elementary School

PK-5
0.3 mi away
5

Nautilus Middle School

6-8
3 mi away
5

Miami Beach Senior High School

9-12
1.9 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
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.87%
Total ROI
29.0%
Cash Flow
$5,252/mo
DSCR
1.30
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-21Listed for sale$3,500,000$1,421
2026-05-08Listing removed$3,599,000$1,461
2026-01-14Price change$3,599,000$1,461
2025-10-01Listed for sale$3,750,000$1,523
2025-06-27Listing removed$3,650,000$1,482
2025-01-31Price change$3,650,000$1,482
2024-11-26Listed for sale$3,700,000$1,502
2024-06-29Listing removed$3,570,000$1,449
2024-04-19Price change$3,700,000$1,502
2024-03-26Price change$3,875,000$1,573
2024-02-14Listed for sale$3,950,000$1,604
2024-02-12Listing removed$0
2023-08-30Listed for sale$4,150,000$1,685
2023-06-23Listing removed$0
2023-04-19Price change$4,250,000$1,726
2023-03-21Price change$4,400,000$1,786
2023-01-04Price change$4,500,000$1,827
2022-11-21Price change$4,600,000$1,868
2022-11-17Listed for sale$4,100,000$1,665
2022-10-17Listing removed$0
2022-08-12Listed for sale$4,100,000$1,665
2020-03-17Listing removed$2,595,000$1,054
2020-03-13Sold$2,255,000$916

Tax History

YearProperty TaxTax Assessment
2025$37,419.91$1,909,688
2024$35,355.91$1,736,080
2023$33,653.94$1,578,255
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,463
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: $3,500,000Rent Basis: Modeled Estimate ($28,000/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $1,750/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.19%

NOI: $216,650/yr

Cash-on-Cash Yield
-0.2%

On $805,000 invested

DSCR Ratio
0.99x

Negative debt coverage

5-Yr Leveraged ROI
+93.4%

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)-$1,756/mo
Homeowner / Hazard Insurance-$1,750/mo
Vacancy Reserve (5% of rent)-$1,400/mo
Repairs & Maintenance (10% of rent)-$2,800/mo
Property Management (8% of rent)-$2,240/mo
Total Pure Operating Expenses-$9,946/mo
Net Investor Cash Flow
Gross Scheduled Rent+$28,000/mo
Less: Operating Expenses-$9,946/mo
Net Operating Income (NOI)+$18,054/mo
Less: Debt Service (30yr @ 6.75%)-$18,161/mo
Net Cash Flow
$-107/mo
$-1,279/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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