6770 Indian Creek Dr Unit 6A · Miami Beach, FL 33141

$297,000

1 bd · 1.0 ba · 910 sqft · Condo public records · 107 Days on market

Built 1968 $1015/mo HOA · 22% 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 +22.6/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 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

Wake up to breathtaking ocean views in this beautifully 1-bedroom, 1.5-bath North Beach condo with stainless steel appliances, washer inside the unit. Priced adjusted to sell, Best price, Won't last. Enjoy upcoming resort-style amenities including pool, gym, sauna, and boat docks. Coastal living awaits! . Owner motivated. Unit is currently rented for $2,300 monthly until June 2026. Showings are Friday, Saturday and Mondays only with 24 notice in advance. Monthly maint $1,015.84. Monthly Special asst $316.23

Key facts

• Washer inside unit
• Sauna
• Pool

Tags

• STAINLESS STEEL APPLIANCES
• WASHER INSIDE UNIT
• RESORT-STYLE AMENITIES
• POOL
• GYM
• SAUNA

Property features AI

Finance

• Financial info: Pets allowed with size limit (maximum 20 lbs)
• HOA & community: Monthly association fee; Association amenities include boat dock, marina, fitness center, laundry, pool, sauna, and elevators; Association fee covers management, amenities, common areas, laundry, grounds maintenance, structure maintenance, parking, pool(s), reserve fund, sewer, trash, and water

Exterior

• Parking: Covered parking; Valet service; One parking space (garage included, 1-car garage)
• Security: Closed-circuit cameras; Key card entry; Secured lobby
• Utilities: Cable available
• Home design: High-rise building (17 stories total); Entry located on level 6; Attached property
• Construction: Block construction; Effective year built
• Exterior features: Balcony (open); Association pool; Exterior lighting; Waterfront location with bay front, intracoastal access, and ocean front views; Has view

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Self-cleaning oven
• Bedrooms: Bedroom located on the main level
• Flooring: Tile flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds on windows; Elevator; Breakfast area; Eat-in kitchen; Family/Dining room; Pantry; Walk-in closet(s); Bedroom on main level
• Laundry & utility: Washer hookup in common area; Dryer hookup in common area; Laundry facilities available

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $297k.

Deal economics

• At list price, monthly cash flow is $78 ($935/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $297k).
• Recommended offer: $270k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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; 644 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,534/mo this rent would consume 79% 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 $9k 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 107 days — a 9% lower offer ($270k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $114k; list at $297k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 22% of rent.
• 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 $270,270 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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: 1.53% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.28%
• DSCR: 1.32
• GRM: 5.5

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: -19.1%
• Equity multiple: 0.36×
• Total profit: $-53,588
• Equity at exit: $44,284

10-year hold

• IRR: -24.5%
• Equity multiple: 0.03×
• Total profit: $-80,760
• Equity at exit: $25,679

Cash invested: $83,160 (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: 644
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $4,534 medium
• Mortgage (P&I): −$1,558
• Tax from tax record: −$381 /mo · $4,569/yr
• Insurance: −$124
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$1,015
• Vacancy / Maint / Mgmt: −$952
• Net cashflow: $78

Break-even live

Break-even rent $4,435

Max offer price $297,000

Occupancy floor 93%

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: $74,250
• Closing costs: $8,910
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $1,015 · $12,180/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $297,000 Active 107 DOM
2. 2026-06-17
   days on market $297,000 Active 106 DOM
3. 2026-06-16
   days on market $297,000 Active 105 DOM
4. 2026-06-15
   days on market $297,000 Active 104 DOM
5. 2026-06-13
   days on market $297,000 Active 102 DOM
6. 2026-06-09
   days on market $297,000 Active 98 DOM
7. 2026-06-08
   days on market $297,000 Active 97 DOM
8. 2026-06-07
   days on market $297,000 Active 96 DOM
9. 2026-06-04
   days on market $297,000 Active 93 DOM
10. 2026-06-03
    days on market $297,000 Active 92 DOM
11. 2026-06-02
    days on market $297,000 Active 91 DOM
12. 2026-06-01
    days on market $297,000 Active 90 DOM
13. 2026-05-31
    days on market $297,000 Active 89 DOM
14. 2026-03-03
    listed $297,000 Active
15. 2024-07-03
    historical $2,350
16. 2024-05-08
    listed $2,350
17. 2019-10-20
    historical
18. 2019-08-06
    listed $245,000 Active
19. 2018-03-29
    historical
20. 2018-02-07
    price $265,000
21. 2018-01-18
    listed $275,000 Active
22. 2011-08-17
    soldstatus $114,000
23. 2004-11-05
    soldstatus $238,500

ⓘ 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: $4,569 · $381/mo
• Projected year-2 tax: $4,569 · $381/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥101°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,403
• − Mortgage interest: −$16,637
• − Property taxes: −$4,569
• − Insurance: −$6,604
• − Repairs & maintenance: −$4,352
• − Management: −$4,352
• − HOA: −$12,180
• − Depreciation: −$8,640
• Taxable loss: −$2,931
• Est. tax savings @ 24.0%: +$703
• After-tax cash flow: $1,639/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

+24.5% since first listed

10 events — show timeline

• 2026-03-03 Listed $297,000 MARMLS
• 2024-07-03 Rental Removed $2,350 MARMLS
• 2024-05-08 Listed for Rent $2,350 MARMLS
• 2019-10-20 Listing Removed — MARMLS
• 2019-08-06 Listed $245,000 MARMLS
• 2018-03-29 Listing Removed — MARMLS
• 2018-02-07 Price Changed $265,000 MARMLS
• 2018-01-18 Listed $275,000 MARMLS
• 2011-08-17 Sold (MLS) $114,000 MARMLS
• 2004-11-05 Sold (Public Records) $238,500 Public Records

Property tax history

+7.0%/yr

Latest (2025): $4,569 · +0.9% YoY. Source: county tax records.