1820 James Ave Unit 4E · Miami Beach, FL 33139

$279,000

1 bd · 1.0 ba · 775 sqft · Condo public records · 29 Days on market

Built 1966 $360/mo HOA · 9% of rent

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Why this score? — see what drove the B 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 +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Appreciation +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0

Listing remarks MLS

Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

Key facts

• Walk-in closets
• Assigned parking
• $360 HOA

Tags

• WALK-IN CLOSETS
• ASSIGNED PARKING

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Quarterly association fee; Association fee includes parking, sewer and water; Building amenities include elevator(s) and laundry; Senior community

Exterior

• Parking: Detached 1-car garage; One covered parking space
• Security: Intercom
• Home design: Condo/attached property; Located on entry level 4; Building with 6 stories; Effective year built
• Construction: Has property attached
• Exterior features: Balcony (open)

Interior

• Bedrooms: Den
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Electric heating
• Interior features: Accessible elevator installed; Elevator; Living/dining room; Tub with shower
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $279k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $279k).
• Recommended offer: $275k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.9% 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 soft (-0.4%/yr); 1208 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,910/mo this rent would consume 67% of the median local household income ($70k/yr) (locally 4052% 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 (-2.2%/yr); year-one equity from $2k of loan paydown is wiped out by about $6k 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 29 days — a 2% lower offer ($275k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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 $165k; list at $279k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• 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 8→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $274,815 (1.5% below list)

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.40% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.82%
• DSCR: 1.57
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.19% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.74×
• Total profit: $-20,546
• Equity at exit: $51,806

10-year hold

• IRR: -3.6%
• Equity multiple: 0.77×
• Total profit: $-18,097
• Equity at exit: $42,025

Cash invested: $78,120 (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 33139

• Home prices YoY: -0.8%
• Rents YoY: -0.4%
• Active inventory: 1208
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $3,910 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$315 /mo · $3,780/yr
• Insurance: −$116
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$360
• Vacancy / Maint / Mgmt: −$821
• Net cashflow: $408

Break-even live

Break-even rent $3,394

Max offer price $279,000

Occupancy floor 85%

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 Collins Ave Miami Beach, FL	1.0–3.0	1.0–2.0	1121	$22,000	$19.62	24d	2	0.34mi
102 24th St Miami Beach, FL	1.0–3.0	1.0–3.0	1479	$19,000	$12.85	19d	9	0.47mi
102 24th St Miami Beach, FL	1.0–3.0	1.0–3.0	1479	$19,000	$12.85	10d	9	0.47mi
1602 Meridian Ave Miami Beach, FL	4.0	1.0–3.0	917	$6,932	$7.56	14d	1	0.49mi

HOA detail condo

• Monthly dues: $360 · $4,320/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-02
   status $279,000 Pending 29 DOM
2. 2026-06-01
   days on market $279,000 Active Under Contract 29 DOM
3. 2026-05-31
   days on market $279,000 Active Under Contract 28 DOM
4. 2026-05-03
   listed $279,000 Active
5. 2014-12-30
   historical
6. 2014-10-15
   status Active
7. 2014-04-14
   historical
8. 2014-03-28
   listed $218,500 Active
9. 2013-12-04
   soldstatus $165,000 Sold 368-char remark

   Show marketing remark (368 chars)

   Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

10. 2013-12-03
    soldstatus $165,000
11. 2013-11-01
    status Pending 368-char remark

    Show marketing remark (368 chars)

    Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

12. 2013-10-23
    price $174,500 368-char remark

    Show marketing remark (368 chars)

    Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

13. 2013-09-26
    price $185,000 368-char remark

    Show marketing remark (368 chars)

    Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

14. 2013-09-18
    listed $200,000 Active 368-char remark

    Show marketing remark (368 chars)

    Great location! Take a short walk to the beach and through the heart of SoBe. Stroll over to Lincoln Rd for world class shopping, museums, performing arts, Convention Center, transportation, and restaurants. Unit needs updating but, has covered secured p arking. Low maintenance fees, this is a 55+, and no rentals! Easy to show on Supra and Sellers are ready to sell.

15. 1994-03-31
    soldstatus $60,000
16. 1992-06-19
    soldstatus $59,000
17. 1991-01-29
    soldstatus $40,000

ⓘ 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: $3,780 · $315/mo
• Projected year-2 tax: $3,780 · $315/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥101°F today · 31 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: $46,925
• − Mortgage interest: −$15,628
• − Property taxes: −$3,780
• − Insurance: −$6,514
• − Repairs & maintenance: −$3,754
• − Management: −$3,754
• − HOA: −$4,320
• − Depreciation: −$8,116
• Taxable income: $1,059
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $4,646/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): 33,753
• Household income: $69,793
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 4052.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 51% White 40% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 15% Salvadoran 3%
• Common ancestry: Lithuanian 3% Scotch-Irish 2% Romanian 2%
• Foreign-born: 56% · Canada, Jamaica, Dominican Republic
• Languages at home: 37% English-only · Spanish 49% Other Indo-European 5% 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: ▼ -2.19%
• Current HPI: 277.9321
• Rent YoY: ▼ -0.36%
• 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

+597.5% since first listed

14 events — show timeline

• 2026-05-03 Listed $279,000 MARMLS
• 2014-12-30 Listing Removed — MARMLS
• 2014-10-15 Relisted — MARMLS
• 2014-04-14 Listing Removed — MARMLS
• 2014-03-28 Listed $218,500 MARMLS
• 2013-12-04 Sold (MLS) $165,000 MARMLS
• 2013-12-03 Sold (Public Records) $165,000 Public Records
• 2013-11-01 Pending — MARMLS
• 2013-10-23 Price Changed $174,500 MARMLS
• 2013-09-26 Price Changed $185,000 MARMLS
• 2013-09-18 Listed $200,000 MARMLS
• 1994-03-31 Sold (Public Records) $60,000 Public Records
• 1992-06-19 Sold (Public Records) $59,000 Public Records
• 1991-01-29 Sold (Public Records) $40,000 Public Records

Property tax history

+18.4%/yr

Latest (2025): $3,780 · -8.1% YoY. Source: county tax records.