1865 79th St Cswy Unit 14D · North Bay Village, FL 33141

$224,888

1 bd · 1.0 ba · 940 sqft · Condo public records · 38 Days on market

Built 1952 $897/mo HOA · 23% of rent

---

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 +24.6/30.0
• 1% rule +10.0/10.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +4.3/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SPACIOUS 1 BEDROOM / 1 BATH UNIT WITH PANORAMIC VIEW OF THE BAY AND DOWNTOWN FROM YOUR PRIVATE BALCONY ON THE 14TH FLOOR PLENTY OF CLOSET SPACE, HURRICANE SHUTTERS, TILE THROUGHOUT NEW HALLWAYS, NEW ELEVATORS, NEW WASHER & DRYERS, DEEDED PARKING, VALET, B AYSIDE HEATED POOL, GYM, BUSINESS CENTER, PARTY ROOM & MORE. MINUTES TO SOUTH BEACH, BAL HARBOUR AND AVENTURA.

Key facts

• Fitness center
• Major redevelopment
• Attended lobby

Tags

• LARGE KITCHEN
• WATERFRONT POOL
• FITNESS CENTER
• PARTY ROOM
• ATTENDED LOBBY
• MAJOR REDEVELOPMENT

Property features AI

Finance

• Other: 229 units in the community
• Financial info: Pets allowed with size limit (maximum 20 lbs)
• HOA & community: Monthly association fee; Association amenities include billiard room, bike storage, clubhouse, fitness center, laundry, pool, trash service, and elevators; Association fee includes management, amenities, common areas, hot water, insurance, laundry, grounds maintenance, structure maintenance, parking, pest control, pool(s), sewer, trash, and water

Exterior

• Parking: Assigned parking; Guest parking; One assigned space
• Security: Closed-circuit cameras; Doorman; Secured lobby
• Utilities: Cable available
• Home design: Condominium in a 15-story building; Entry located on level 14; Faces west; Has attached property
• Construction: Block construction; Exterior lighting; Effective year built
• Exterior features: Balcony (open); Association pool; Bayfront waterfront; Intracoastal access; Has view (west)

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Self-cleaning oven
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Unfurnished; Living/dining room; Main living area on entry level
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $225k.

Deal economics

• At list price, monthly cash flow is $40 ($486/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $225k).
• Recommended offer: $218k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 86/100 on livability (#18 in FL, #426 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F, cost of living F.
• 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 $3,841/mo this rent would consume 67% 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 $7k 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 38 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $90k; list at $225k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 23% of rent; built in 1952 — 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,141 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.71% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.90%
• DSCR: 1.40
• GRM: 4.9

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: -20.3%
• Equity multiple: 0.32×
• Total profit: $-42,568
• Equity at exit: $33,532

10-year hold

• IRR: -31.0%
• Equity multiple: -0.07×
• Total profit: $-67,526
• Equity at exit: $19,444

Cash invested: $62,969 (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: 4.9×

Monthly cashflow live

• Estimated rent: $3,841 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$397 /mo · $4,769/yr
• Insurance: −$94
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$897
• Vacancy / Maint / Mgmt: −$807
• Net cashflow: $40

Break-even live

Break-even rent $3,790

Max offer price $224,888

Occupancy floor 94%

Sensitivity live

Price	-10% $168	-5% $104	+0% $40	+5% $-23	+10% $-87
Rent	-10% $-263	-5% $-111	+0% $40	+5% $192	+10% $344
Rate	-1.0pp $154	-0.5pp $98	base $40	+0.5pp $-18	+1.0pp $-77

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: $56,222
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $897 · $10,764/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-15
   status $224,888 Pending 38 DOM
2. 2026-06-15
   days on market $224,888 Active 38 DOM
3. 2026-06-13
   days on market $224,888 Active 36 DOM
4. 2026-06-09
   days on market $224,888 Active 32 DOM
5. 2026-06-08
   days on market $224,888 Active 31 DOM
6. 2026-06-07
   days on market $224,888 Active 30 DOM
7. 2026-06-04
   days on market $224,888 Active 27 DOM
8. 2026-06-03
   days on market $224,888 Active 26 DOM
9. 2026-06-02
   days on market $224,888 Active 25 DOM
10. 2026-06-01
    days on market $224,888 Active 24 DOM
11. 2026-05-31
    days on market $224,888 Active 23 DOM
12. 2026-05-08
    listed $224,888 Active
13. 2026-04-30
    historical
14. 2026-04-23
    price $227,500
15. 2026-03-06
    price $229,000
16. 2026-03-05
    status Active
17. 2026-02-09
    status Pending
18. 2026-01-11
    status Active
19. 2026-01-10
    historical
20. 2025-11-10
    listed $239,000 Active
21. 2023-08-08
    historical $2,200
22. 2023-07-22
    price $2,200
23. 2009-04-30
    soldstatus $90,000 378-char remark

    Show marketing remark (378 chars)

    SPACIOUS 1 BEDROOM / 1 BATH UNIT WITH PANORAMIC VIEW OF THE BAY AND DOWNTOWN FROM YOUR PRIVATE BALCONY ON THE 14TH FLOOR PLENTY OF CLOSET SPACE, HURRICANE SHUTTERS, TILE THROUGHOUT NEW HALLWAYS, NEW ELEVATORS, NEW WASHER & DRYERS, DEEDED PARKING, VALET, B AYSIDE HEATED POOL, GYM, BUSINESS CENTER, PARTY ROOM & MORE. MINUTES TO SOUTH BEACH, BAL HARBOUR AND AVENTURA.

24. 2002-05-14
    soldstatus $104,000
25. 1983-07-01
    soldstatus $52,500
26. 1976-04-01
    soldstatus $33,300

ⓘ 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: $4,769 · $397/mo
• Projected year-2 tax: $4,769 · $397/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 7/10 Severe FEMA zone AE · 94% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥102°F today · 27 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,094
• − Mortgage interest: −$12,597
• − Property taxes: −$4,769
• − Insurance: −$6,243
• − Repairs & maintenance: −$3,687
• − Management: −$3,687
• − HOA: −$10,764
• − Depreciation: −$6,542
• Taxable loss: −$2,197
• Est. tax savings @ 24.0%: +$527
• After-tax cash flow: $1,013/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)

No district data.

Livability — North Bay Village

• Score: 86/100
• State rank: #18
• US rank: #426

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Bay Village, FL
• County: Miami-Dade County · 2,697,751 people
• 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

+575.3% since first listed

15 events — show timeline

• 2026-05-08 Listed $224,888 MARMLS
• 2026-04-30 Listing Removed — MARMLS
• 2026-04-23 Price Changed $227,500 MARMLS
• 2026-03-06 Price Changed $229,000 MARMLS
• 2026-03-05 Relisted — MARMLS
• 2026-02-09 Pending — MARMLS
• 2026-01-11 Relisted — MARMLS
• 2026-01-10 Listing Removed — MARMLS
• 2025-11-10 Listed $239,000 MARMLS
• 2023-08-08 Rental Removed $2,200 MARMLS
• 2023-07-22 Price Changed $2,200 MARMLS
• 2009-04-30 Sold (MLS) $90,000 MARMLS
• 2002-05-14 Sold (Public Records) $104,000 Public Records
• 1983-07-01 Sold (Public Records) $52,500 Public Records
• 1976-04-01 Sold (Public Records) $33,300 Public Records

Property tax history

+8.3%/yr

Latest (2025): $4,769 · +4.4% YoY. Source: county tax records.