FOR_SALEGood Deal4 days on market

1341 Meridian Ave APT 202

1341 Meridian Ave APT 202, Miami Beach, FL 33139, Miami Beach, FL 33139
$215,000

Listing Price

Property image 1
1341 Meridian Ave APT 202, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
4
Tax Assessed
$238k
Type
condo

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.

5

Fienberg/Fisher K-8 Center

PK-8
0.2 mi away
5

Miami Beach Senior High School

9-12
1 mi away
5

Nautilus Middle School

6-8
2.1 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
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
6.75%
Total ROI
23.4%
Cash Flow
$123/mo
DSCR
1.11
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-19Listed for sale$215,000$441
2019-06-18Listing removed$1,350$3
2019-06-06Price change$1,350$3
2019-05-13Price change$1,390$3
2019-04-23Listed for rent$1,450$3
2018-06-13Listing removed$1,450$3
2018-03-09Listed for rent$1,450$3
2005-04-08Sold$177,500$364

Tax History

YearProperty TaxTax Assessment
2025$3,844.28$186,698
2024$3,368.65$169,726
2023$3,019.07$154,297
2022$2,635.58$140,270
2021$2,473.38$128,100
2020$2,361.89$122,000
2019$2,364.17$122,000
2018$2,678.89$142,463
2017$2,678.89$142,463
2016$2,712.93$135,242
2015$2,611.81$122,948
2014$2,311.39$111,771
2013$2,079.98$101,610
2012$2,079.98$101,610
2011$2,103.26$101,610
2010$2,135.37$96,770
2009$2,488.25$120,960
2007$3,389.33$168,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
1
Sq Ft
487
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: $215,000Rent Basis: Modeled Estimate ($1,720/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.47%

NOI: $11,758/yr

Cash-on-Cash Yield
-3.3%

On $49,450 invested

DSCR Ratio
0.88x

Negative debt coverage

5-Yr Leveraged ROI
+77.7%

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)-$195/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$86/mo
Repairs & Maintenance (10% of rent)-$172/mo
Property Management (8% of rent)-$138/mo
Total Pure Operating Expenses-$740/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,720/mo
Less: Operating Expenses-$740/mo
Net Operating Income (NOI)+$980/mo
Less: Debt Service (30yr @ 6.75%)-$1,116/mo
Net Cash Flow
$-136/mo
$-1,629/year
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1341 Meridian Ave APT 202 | Miami Beach, FL | Haven AI Analysis | Haven by ScoutHavens