630 84th St #28 · Miami Beach, FL 33141

$255,000

1 bd · 1.0 ba · 577 sqft · Condo public records · 338 Days on market

Built 1949 $663/mo HOA · 18% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.0/30.0
• 1% rule +9.2/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

Key facts

• $663 HOA
• Parking
• Built 1949

Tags

• WALKING DISTANCE TO THE BEACH

Property features AI

Finance

• Other: Pets allowed with breed restrictions
• Financial info: HOA fee amount not specified in this section
• HOA & community: Homeowners association with sidewalks; HOA fee paid monthly

Exterior

• Parking: Assigned parking space; One open parking space
• Security: No security features provided
• Utilities: Public sewer; Water available; Sewer available; Cable available
• Home design: Condominium; Resale condition; Two-story building; Faces southeast; Entry level information not specified
• Construction: Concrete construction
• Exterior features: Not waterfront; Sidewalks in the community

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: One bedroom on the main level
• Flooring: No flooring details provided
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central electric heating; Central electric cooling (central air)
• Interior features: Closet cabinetry; Blinds
• Laundry & utility: Unfurnished unit (no laundry details provided)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $255k.

Deal economics

• At list price, monthly cash flow is $73 ($881/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $255k).
• Recommended offer: $224k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 1.5% in Miami Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#108 in FL, #1,672 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: housing C-, amenities D-, cost of living F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 647 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,612/mo this rent would consume 63% of the median local household income ($69k/yr) (locally 3521% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 338 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $170k; list at $255k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 338 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.42% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.40%
• DSCR: 1.37
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.44% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.37×
• Total profit: $-45,037
• Equity at exit: $38,021

10-year hold

• IRR: -21.9%
• Equity multiple: 0.08×
• Total profit: $-65,799
• Equity at exit: $22,048

Cash invested: $71,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33141

• Rents YoY: 0.4%
• Active inventory: 647
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $3,612 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$247 /mo · $2,963/yr
• Insurance: −$106
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$663
• Vacancy / Maint / Mgmt: −$759
• Net cashflow: $73

Break-even live

Break-even rent $3,519

Max offer price $255,000

Occupancy floor 93%

Sensitivity live

Price	-10% $218	-5% $146	+0% $73	+5% $1	+10% $-71
Rent	-10% $-212	-5% $-69	+0% $73	+5% $216	+10% $359
Rate	-1.0pp $202	-0.5pp $138	base $73	+0.5pp $7	+1.0pp $-60

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $663 · $7,956/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $255,000 Active 338 DOM
2. 2026-06-17
   days on market $255,000 Active 337 DOM
3. 2026-06-16
   days on market $255,000 Active 336 DOM
4. 2026-06-15
   days on market $255,000 Active 335 DOM
5. 2026-06-13
   days on market $255,000 Active 333 DOM
6. 2026-06-09
   days on market $255,000 Active 329 DOM
7. 2026-06-08
   days on market $255,000 Active 328 DOM
8. 2026-06-08
   days on market $255,000 Active 327 DOM
9. 2026-06-04
   days on market $255,000 Active 324 DOM
10. 2026-06-03
    days on market $255,000 Active 323 DOM
11. 2026-06-02
    days on market $255,000 Active 322 DOM
12. 2026-06-01
    days on market $255,000 Active 321 DOM
13. 2026-05-31
    days on market $255,000 Active 320 DOM
14. 2025-07-11
    listed $255,000 Active
15. 2025-06-16
    historical
16. 2024-06-17
    price $255,000
17. 2024-06-11
    listed $235,000 Active
18. 2024-02-26
    historical $1,900
19. 2023-11-18
    listed $1,900
20. 2023-06-08
    soldstatus $170,000
21. 2023-05-31
    soldstatus $170,000 Closed 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

22. 2023-03-21
    status Pending 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

23. 2023-03-06
    price $170,000 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

24. 2023-02-16
    price $152,000 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

25. 2023-02-14
    price $189,000 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

26. 2023-01-27
    listed $190,000 Active 235-char remark

    Show marketing remark (235 chars)

    Condo apartment is in beautiful Miami beach. Apartment is sold as is but is ready to be rented right away. Each unit has a parking spot. No short term rental, minimum 6 month lease. Assessment will be paid in full by seller at closing.

27. 2022-12-31
    historical
28. 2022-11-14
    listed $195,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,963 · $247/mo
• Projected year-2 tax: $2,963 · $247/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,343
• − Mortgage interest: −$14,284
• − Property taxes: −$2,963
• − Insurance: −$6,394
• − Repairs & maintenance: −$3,467
• − Management: −$3,467
• − HOA: −$7,956
• − Depreciation: −$7,418
• Taxable loss: −$2,607
• Est. tax savings @ 24.0%: +$626
• After-tax cash flow: $1,507/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Miami Beach

• Score: 80/100
• State rank: #108
• US rank: #1672

Category grades

Amenities D- Commute A+ Cost of living F Crime A+ Employment B Housing C- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,533
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 36,438
• Household income: $68,738
• Rent vs Own: 62.5% rent · 37.5% own
• Severe rent burden: 3521.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (67%)
• Race & ethnicity: Hispanic / Latino 67% Two or more races 36% White 20% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 27% Salvadoran 6%
• Common ancestry: Scotch-Irish 2% Romanian 2% Armenian 1%
• Foreign-born: 62% · Canada, Jamaica, Dominican Republic
• Languages at home: 18% English-only · Spanish 69% Other Indo-European 4% French/Haitian/Cajun 3%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -472.71%
• Current HPI: 336.7298
• Rent YoY: ▲ 0.44%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+30.8% since first listed

15 events — show timeline

• 2025-07-11 Listed $255,000 Beaches MLS
• 2025-06-16 Listing Removed — Beaches MLS
• 2024-06-17 Price Changed $255,000 Beaches MLS
• 2024-06-11 Listed $235,000 Beaches MLS
• 2024-02-26 Rental Removed $1,900 GFLMLS
• 2023-11-18 Listed for Rent $1,900 GFLMLS
• 2023-06-08 Sold (Public Records) $170,000 Public Records
• 2023-05-31 Sold (MLS) $170,000 MARMLS
• 2023-03-21 Pending — MARMLS
• 2023-03-06 Price Changed $170,000 MARMLS
• 2023-02-16 Price Changed $152,000 MARMLS
• 2023-02-14 Price Changed $189,000 MARMLS
• 2023-01-27 Listed $190,000 MARMLS
• 2022-12-31 Listing Removed — MARMLS
• 2022-11-14 Listed $195,000 MARMLS

Property tax history

+7.6%/yr

Latest (2025): $2,963 · -0.2% YoY. Source: county tax records.