FOR_SALEExcellent Deal129 days on market
1735 Michigan Ave
1735 Michigan Ave, Miami Beach, FL 33139, Miami Beach, FL 33139
1735 Michigan Ave, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
129
Tax Assessed
$1681k
Lot Size
7,500 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Fienberg/Fisher K-8 Center
PK-8
0.6 mi away
5
Miami Beach Senior High School
9-12
0.5 mi away
5
Nautilus Middle School
6-8
1.6 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%
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
7.95%
Total ROI
29.4%
Cash Flow
$4,821/mo
DSCR
1.31
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Data provided by Haven AI. Disclaimer
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-08 | Listing removed | $3,080,000 | $1,697 |
| 2026-07-24 | Price change | $3,080,000 | $1,697 |
| 2026-04-16 | Listed for sale | $3,295,000 | $1,815 |
| 2025-03-31 | Sold | $2,150,000 | $1,185 |
| 2025-02-24 | Pending sale | $2,250,000 | $1,240 |
| 2024-12-13 | Price change | $2,250,000 | $1,240 |
| 2024-07-07 | Listed for sale | $2,290,000 | $1,262 |
| 2021-05-12 | Sold | $1,420,000 | $782 |
| 2021-03-29 | Pending sale | $1,499,000 | $826 |
| 2020-12-07 | Listed for sale | $1,499,000 | $826 |
| 2020-06-26 | Listing removed | $1,450,000 | $799 |
| 2020-03-09 | Price change | $1,450,000 | $799 |
| 2019-10-08 | Price change | $1,299,000 | $716 |
| 2019-06-20 | Price change | $1,389,000 | $765 |
| 2019-03-20 | Listed for sale | $1,390,000 | $766 |
| 2019-01-09 | Listing removed | $1,450,000 | $799 |
| 2018-11-06 | Listed for sale | $1,450,000 | $799 |
| 2018-08-03 | Listing removed | $5,250 | $3 |
| 2018-07-03 | Price change | $5,250 | $3 |
| 2018-05-24 | Price change | $5,500 | $3 |
| 2018-05-16 | Price change | $6,100 | $3 |
| 2018-04-27 | Price change | $6,400 | $4 |
| 2018-03-27 | Listed for rent | $6,700 | $4 |
| 2013-06-12 | Listing removed | $1,399,000 | $771 |
| 2013-04-14 | Listed for sale | $1,399,000 | $771 |
| 2010-07-12 | Sold | $605,000 | $333 |
| 2010-05-24 | Sold | $290,100 | $160 |
| 2004-10-15 | Sold | $550,000 | $303 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $29,550.42 | $1,616,803 |
| 2024 | $28,751.08 | $1,571,238 |
| 2023 | $28,961.13 | $1,573,739 |
| 2022 | $23,255.6 | $1,237,705 |
| 2021 | $19,914.39 | $1,072,326 |
| 2020 | $19,970.02 | $1,072,326 |
| 2019 | $19,989.83 | $1,072,326 |
| 2018 | $19,392.34 | $1,072,326 |
| 2017 | $19,392.34 | $599,099 |
| 2016 | $14,718.4 | $544,636 |
| 2015 | $12,005.24 | $495,124 |
| 2014 | $11,480.11 | $450,113 |
| 2013 | $8,630.29 | $409,194 |
| 2012 | $8,630.29 | $421,605 |
| 2011 | $9,425.49 | $455,355 |
| 2010 | $9,420.79 | $467,582 |
| 2009 | $11,236.1 | $586,498 |
| 2007 | $11,519.1 | $570,968 |
| 2006 | $13,099.7 | $0 |
| 2005 | $13,099.7 | $0 |
| 2004 | $13,810.1 | $0 |
| 2003 | $5,677.26 | $0 |
| 2002 | $5,034.4 | $0 |
| 2001 | $5,034.4 | $0 |
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: $3,080,000Rent Basis: Modeled Estimate ($24,640/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $1,540/mo
Haven ScoreNeutral
4/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
6.26%
NOI: $192,717/yr
Cash-on-Cash Yield
0.1%
On $708,400 invested
DSCR Ratio
1.00x
Tight qualification
5-Yr Leveraged ROI
+94.9%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.98% of basis)-$1,373/mo
Homeowner / Hazard Insurance-$1,540/mo
Vacancy Reserve (5% of rent)-$1,232/mo
Repairs & Maintenance (10% of rent)-$2,464/mo
Property Management (8% of rent)-$1,971/mo
Total Pure Operating Expenses-$8,580/mo
Net Investor Cash Flow
Gross Scheduled Rent+$24,640/mo
Less: Operating Expenses-$8,580/mo
Net Operating Income (NOI)+$16,060/mo
Less: Debt Service (30yr @ 6.75%)-$15,981/mo
Net Cash Flow
$78/mo
$940/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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