FOR_SALEExcellent Deal5 days on market

1231 Pennsylvania Ave APT 10

1231 Pennsylvania Ave APT 10, Miami Beach, FL 33139, Miami Beach, FL 33139
$170,000
Zestimate®:$172,100$2,100 Under Market

Listing Price

Property image 1
1231 Pennsylvania Ave APT 10, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
5
Tax Assessed
$205k
Zestimate®
$172k
1% Under Valued
Rent Estimate
$2,573/mo
Est. Cash Flow base
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
1.1 mi away
5

Nautilus Middle School

6-8
2.2 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
14.19%
Total ROI
60.6%
Cash Flow
$1,151/mo
DSCR
2.34
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-05Price change$170,000$243
2026-08-18Listed for sale$176,000$251
2026-05-12Listing removed$1,800$3
2026-04-22Listed for rent$1,800$3
2021-01-11Listing removed$0
2020-09-16Price change$1,350$2
2020-09-04Price change$1,450$2
2020-08-25Listed for rent$1,500$2
2017-01-30Listing removed$1,350$2
2017-01-17Listed for rent$1,350$2
1993-10-29Sold$43,000$61

Tax History

YearProperty TaxTax Assessment
2025$3,842.77$204,837
2024$3,968.44$208,785
2023$3,956.58$189,805
2022$3,242.09$172,550
2021$3,199.1$163,229
2020$3,026.84$148,390
2019$2,614.16$134,900
2018$2,669.15$141,945
2017$2,669.15$152,401
2016$3,125.59$138,547
2015$2,696.36$125,952
2014$2,628.18$114,502
2013$1,937.08$104,093
2012$1,937.08$94,630
2011$1,958.76$94,630
2010$2,088.14$94,630
2009$2,994.7$145,580
2007$3,337.49$165,430
2006$3,319.74$0
2005$3,319.74$0
2004$2,506$0
2003$1,410.7$0
2002$1,255.49$0
2001$1,255.49$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
1
Sq Ft
700
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: $170,000Rent Basis: Observed Comp Model ($2,573/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreExcellent
10/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
11.75%

NOI: $19,967/yr

Cash-on-Cash Yield
24.0%

On $39,100 invested

DSCR Ratio
1.89x

Prime loan qualification

5-Yr Leveraged ROI
+214.2%

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)-$167/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$129/mo
Repairs & Maintenance (10% of rent)-$257/mo
Property Management (8% of rent)-$206/mo
Total Pure Operating Expenses-$909/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,573/mo
Less: Operating Expenses-$909/mo
Net Operating Income (NOI)+$1,664/mo
Less: Debt Service (30yr @ 6.75%)-$882/mo
Net Cash Flow
$782/mo
$9,382/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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