2750 NE 183rd St #2412 · Aventura, FL 33160

$190,000

1 bd · 1.5 ba · 775 sqft · Condo public records · 46 Days on market

Built 1971 $868/mo HOA · 27% 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 +24.7/30.0
• 1% rule +10.0/10.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

Fully renovated and move-in ready at Commodore Plaza in Aventura. This beautifully updated unit features a 2021 renovation with marble floors throughout, modern kitchen and baths, open-concept layout, and updated balcony tile. Sold fully furnished, perfect for primary, second home, or seasonal use. Enjoy great natural light, functional flow, plus the convenience of a storage unit on the same floor and nearby coin laundry. Includes 1 assigned parking space and guest parking. HOA $868/month covers cable, internet, water, and security. Gated community amenities include 2 pools, fitness center, game room, and 24-hour security, offering a true resort-style living experience. Prime location near

Key facts

• Gated community
• Fully renovated
• Updated balcony tile

Tags

• FULLY RENOVATED
• MODERN KITCHEN
• OPEN-CONCEPT LAYOUT
• UPDATED BALCONY TILE
• STORAGE UNIT
• GATED COMMUNITY

Property features AI

Finance

• Other: Pets not allowed
• HOA & community: Monthly association fee of $868; Association fee includes amenities, common areas, cable TV, internet, maintenance (structure), sewer, security, trash, and water; Community amenities include boat dock, billiard room, elevators, fitness center, laundry, barbecue/picnic area, pool, storage, and tennis courts; Community contains 654 units

Exterior

• Parking: Covered detached 1-space carport; Guest parking available
• Security: Closed-circuit cameras; Doorman; Lobby secured; Security guard
• Utilities: Cable available
• Home design: Attached property; 1 story (unit level within a multi-story building); Entry located on level 24
• Construction: Block construction; Resale property
• Exterior features: Balcony; Tennis court(s); Association pool; Canal front with intracoastal and ocean access; Waterfront view

Interior

• Kitchen: Dishwasher; Electric range; Garbage disposal; Microwave; Refrigerator
• Flooring: Marble
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Partially furnished; Dining area and separate/formal dining room; Main living area on entry level; Walk-in closet(s); Storage room
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $-30 ($-363/yr) — negative.
• To cash-flow at today's rent, offer at most $185k (2.8% below list).
• Meets the 1% rule at list price ($3k rent vs $190k).
• Recommended offer: $184k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 2.6% in Aventura — 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 (#127 in FL, #1,834 nationally) — a professional / high-income tenant draw. Strengths: schools A+, health & safety A+, amenities A; Watch: crime 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; 1870 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,221/mo this rent would consume 58% of the median local household income ($67k/yr) (locally 3106% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $1k appreciation (0.5% local appreciation)).
• 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 46 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 6y 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 $130k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 27% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,300 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. 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.
11. 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.
12. 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: 1.70% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.94%
• DSCR: 1.40
• GRM: 4.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.53% appreciation · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.84×
• Total profit: $-8,446
• Equity at exit: $60,229

10-year hold

• IRR: -0.3%
• Equity multiple: 0.97×
• Total profit: $-1,823
• Equity at exit: $76,569

Cash invested: $53,200 (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 33160

• Home prices YoY: 0.2%
• Rents YoY: 0.9%
• Active inventory: 1870
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $3,221 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$205 /mo · $2,460/yr
• Insurance: −$79
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$868
• Vacancy / Maint / Mgmt: −$676
• Net cashflow: $-30

Break-even live

Break-even rent $3,260

Max offer price $184,661

Occupancy floor 96%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $868 · $10,416/yr
• Likely covers: waterinternetcablepoolgymsecurityparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 42 events

1. 2026-06-18
   days on market $190,000 Active 46 DOM
2. 2026-06-17
   days on market $190,000 Active 45 DOM
3. 2026-06-16
   days on market $190,000 Active 44 DOM
4. 2026-06-15
   days on market $190,000 Active 43 DOM
5. 2026-06-13
   days on market $190,000 Active 41 DOM
6. 2026-06-09
   days on market $190,000 Active 37 DOM
7. 2026-06-08
   days on market $190,000 Active 36 DOM
8. 2026-06-07
   days on market $190,000 Active 35 DOM
9. 2026-06-04
   days on market $190,000 Active 32 DOM
10. 2026-06-03
    days on market $190,000 Active 31 DOM
11. 2026-06-02
    days on market $190,000 Active 30 DOM
12. 2026-06-01
    days on market $190,000 Active 29 DOM
13. 2026-05-31
    days on market $190,000 Active 28 DOM
14. 2026-05-03
    listed $190,000 Active
15. 2026-03-23
    historical
16. 2026-03-02
    price $190,000
17. 2026-01-03
    price $210,000
18. 2025-12-19
    listed $220,000 Active
19. 2025-12-17
    historical
20. 2025-12-11
    price $244,900
21. 2025-11-17
    price $249,900
22. 2025-10-24
    listed $258,000 Active
23. 2025-08-23
    historical
24. 2025-05-14
    price $229,900
25. 2025-05-14
    status Active
26. 2025-04-10
    historical $2,400
27. 2025-04-10
    historical
28. 2025-04-01
    listed $2,400
29. 2025-01-23
    historical $2,400
30. 2024-11-22
    listed $2,400
31. 2024-11-15
    historical $2,400
32. 2024-09-07
    listed $2,400
33. 2024-09-06
    status Active
34. 2024-07-03
    historical $2,450
35. 2024-06-22
    historical
36. 2024-06-19
    listed $240,000 Active
37. 2024-05-28
    listed $2,450
38. 2020-12-14
    soldstatus $130,000
39. 2020-11-10
    soldstatus $130,000 Closed
40. 2020-10-06
    status Pending
41. 2020-09-25
    price $139,900
42. 2020-08-07
    listed $149,000 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: $2,460 · $205/mo
• Projected year-2 tax: $2,460 · $205/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 8/10 Severe FEMA zone AE · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 26 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: $38,657
• − Mortgage interest: −$10,643
• − Property taxes: −$2,460
• − Insurance: −$6,068
• − Repairs & maintenance: −$3,093
• − Management: −$3,093
• − HOA: −$10,416
• − Depreciation: −$5,527
• Taxable loss: −$2,643
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $272/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 — Aventura

• Score: 80/100
• State rank: #127
• US rank: #1834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aventura, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 43,718
• Household income: $67,040
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 3106.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 46% White 44% Two or more races 27% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 8% Dominican 1% Salvadoran 4%
• Common ancestry: Scotch-Irish 8% Hispanic 3% Subsaharan African 3%
• Foreign-born: 61% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · Spanish 45% Russian/Polish/Slavic 12% Other Indo-European 5%

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: ▲ 0.53%
• Current HPI: 284.9293
• Rent YoY: ▲ 0.94%
• 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

+27.5% since first listed

29 events — show timeline

• 2026-05-03 Listed $190,000 MARMLS
• 2026-03-23 Listing Removed — MARMLS
• 2026-03-02 Price Changed $190,000 MARMLS
• 2026-01-03 Price Changed $210,000 MARMLS
• 2025-12-19 Listed $220,000 MARMLS
• 2025-12-17 Listing Removed — MARMLS
• 2025-12-11 Price Changed $244,900 MARMLS
• 2025-11-17 Price Changed $249,900 MARMLS
• 2025-10-24 Listed $258,000 MARMLS
• 2025-08-23 Listing Removed — MARMLS
• 2025-05-14 Price Changed $229,900 MARMLS
• 2025-05-14 Relisted — MARMLS
• 2025-04-10 Rental Removed $2,400 MARMLS
• 2025-04-10 Listing Removed — MARMLS
• 2025-04-01 Listed for Rent $2,400 MARMLS
• 2025-01-23 Rental Removed $2,400 MARMLS
• 2024-11-22 Listed for Rent $2,400 MARMLS
• 2024-11-15 Rental Removed $2,400 MARMLS
• 2024-09-07 Listed for Rent $2,400 MARMLS
• 2024-09-06 Relisted — MARMLS
• 2024-07-03 Rental Removed $2,450 MARMLS
• 2024-06-22 Listing Removed — MARMLS
• 2024-06-19 Listed $240,000 MARMLS
• 2024-05-28 Listed for Rent $2,450 MARMLS
• 2020-12-14 Sold (Public Records) $130,000 Public Records
• 2020-11-10 Sold (MLS) $130,000 MARMLS
• 2020-10-06 Pending — MARMLS
• 2020-09-25 Price Changed $139,900 MARMLS
• 2020-08-07 Listed $149,000 MARMLS

Property tax history

+14.9%/yr

Latest (2025): $2,460 · -7.2% YoY. Source: county tax records.