16900 NE 14th Ave #201 · North Miami Beach, FL 33162

$109,000

2 bd · 1.0 ba · 883 sqft · Condo public records · 388 Days on market

Built 1965 $694/mo HOA · 21% of rent ↓ 27% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming, fully renovated and move-in ready, this highly desirable 2-bedroom corner residence in the gated Mar-Len Gardens community is a true gem. As a corner unit, it offers added privacy and an abundance of natural light, creating a bright and airy atmosphere throughout. The spacious layout features a welcoming living and dining area, a screened balcony perfect for relaxing, and a beautifully updated kitchen and bath with modern finishes. Meticulously maintained, the unit is offered fully furnished, making it a seamless turnkey opportunity for immediate occupancy. Enjoy resort-style living with amenities including a secured entrance, two pools, fitness center, sauna, clubhouse, and libra

Key facts

• Screened balcony
• Remodeled kitchen
• Secured entrance

Tags

• CORNER UNIT
• SCREENED BALCONY
• REMODELED KITCHEN
• REMODELED BATH
• SECURED ENTRANCE
• TWO POOLS

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association fee covers management, amenities, common areas, laundry, maintenance of structure, parking, pool(s), recreation facilities, sewer, security, trash and water; Community amenities include clubhouse, community kitchen, fitness center, laundry, pool, sauna, storage and elevators; Senior community

Exterior

• Parking: Guest parking; One assigned space
• Security: Complex fenced; Secured lobby
• Utilities: Cable available; Heated pool
• Home design: North-facing; Entry on level 2; Updated/remodeled; Has attached property
• Construction: Block construction; Renovated/remodeled; 3 stories
• Exterior features: Balcony; Courtyard; Screened balcony

Interior

• Kitchen: Dishwasher; Electric range; Icemaker; Microwave; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Ceiling fan(s); Wall/window unit(s)
• Interior features: Furnishing negotiable; Built-in features; Living/dining room; Walk-in closet(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $109k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.3% vs local median 5.2% in North 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 82/100 on livability (#71 in FL, #1,177 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment D+, crime 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 (-1.6%/yr); 284 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,304/mo this rent would consume 65% of the median local household income ($61k/yr) (locally 2509% 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 $754 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 388 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 3y ago; this cycle's ask has dropped $11k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• Climate carrying-cost: major flood risk; 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 $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 388 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 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F 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?
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: 3.03% ✓
• Cap rate: 19.34%
• Cash-on-cash: 46.59%
• DSCR: 3.07
• GRM: 2.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 39.4%
• Equity multiple: 2.59×
• Total profit: $48,592
• Equity at exit: $16,252

10-year hold

• IRR: 43.8%
• Equity multiple: 4.41×
• Total profit: $103,960
• Equity at exit: $9,424

Cash invested: $30,520 (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 33162

• Rents YoY: -1.6%
• Active inventory: 284
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $3,304 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$114 /mo · $1,367/yr
• Insurance: −$45
• HOA: −$694
• Vacancy / Maint / Mgmt: −$694
• Net cashflow: $1,185

Break-even live

Break-even rent $1,804

Max offer price $109,000

Occupancy floor 59%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $694 · $8,328/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $109,000 Active 388 DOM
2. 2026-06-17
   days on market $109,000 Active 387 DOM
3. 2026-06-16
   days on market $109,000 Active 386 DOM
4. 2026-06-15
   days on market $109,000 Active 385 DOM
5. 2026-06-13
   days on market $109,000 Active 383 DOM
6. 2026-06-09
   days on market $109,000 Active 379 DOM
7. 2026-06-08
   days on market $109,000 Active 378 DOM
8. 2026-06-08
   days on market $109,000 Active 377 DOM
9. 2026-06-04
   days on market $109,000 Active 374 DOM
10. 2026-06-03
    days on market $109,000 Active 373 DOM
11. 2026-06-02
    days on market $109,000 Active 372 DOM
12. 2026-06-01
    days on market $109,000 Active 371 DOM
13. 2026-05-31
    days on market $109,000 Active 370 DOM
14. 2026-05-22
    price $109,000
15. 2026-04-09
    price $110,000
16. 2026-03-31
    status Active
17. 2026-01-13
    historical Active Under Contract
18. 2025-12-03
    price $112,000
19. 2025-11-19
    price $115,000
20. 2025-11-07
    price $119,000
21. 2025-08-14
    status Active
22. 2025-05-13
    listed $120,000 Active
23. 2025-05-13
    historical
24. 2025-04-26
    price $120,000
25. 2025-04-12
    historical $2,500
26. 2025-04-12
    price $123,000
27. 2025-04-03
    price $2,500
28. 2025-03-31
    listed $1,800
29. 2025-03-10
    price $124,000
30. 2025-02-28
    historical $1,800
31. 2025-02-28
    price $124,999
32. 2025-01-13
    historical
33. 2025-01-10
    price $1,800
34. 2025-01-10
    price $1,975
35. 2025-01-09
    price $1,800
36. 2025-01-08
    price $125,000
37. 2025-01-02
    listed $125,000 Active
38. 2024-12-30
    price $1,975
39. 2024-12-19
    price $2,000
40. 2024-12-19
    price $128,000
41. 2024-12-13
    price $129,000
42. 2024-11-19
    price $2,150
43. 2024-11-18
    price $130,000
44. 2024-11-07
    status Active
45. 2024-10-25
    price $2,200
46. 2024-10-04
    price $131,000
47. 2024-10-02
    listed $2,300
48. 2024-09-30
    price $132,000
49. 2024-09-07
    price $133,000
50. 2024-08-03
    price $134,500

ⓘ 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: $1,367 · $114/mo
• Projected year-2 tax: $1,367 · $114/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 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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: $39,645
• − Mortgage interest: −$6,106
• − Property taxes: −$1,367
• − Insurance: −$545
• − Repairs & maintenance: −$3,172
• − Management: −$3,172
• − HOA: −$8,328
• − Depreciation: −$3,171
• Taxable income: $13,785
• Est. tax owed @ 24.0%: −$3,308
• After-tax cash flow: $10,912/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 — North Miami Beach

• Score: 82/100
• State rank: #71
• US rank: #1177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 46,606
• Household income: $60,692
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 2509.0

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 0.62)
• Race & ethnicity: Black 53% Hispanic / Latino 30% Two or more races 15% White 12% Asian 2%
• Hispanic origin (detail): Puerto Rican 4% Cuban 7% Dominican 3%
• Common ancestry: Hispanic 31% Romanian 1% Scotch-Irish 1%
• Foreign-born: 52% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · French/Haitian/Cajun 35% Spanish 30% Other Indo-European 2%

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: ▼ -445.57%
• Current HPI: 596.6178
• Rent YoY: ▼ -1.59%
• 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

-27.3% since first listed

43 events — show timeline

• 2026-05-22 Price Changed $109,000 MARMLS
• 2026-04-09 Price Changed $110,000 MARMLS
• 2026-03-31 Relisted — MARMLS
• 2026-01-13 Contingent — MARMLS
• 2025-12-03 Price Changed $112,000 MARMLS
• 2025-11-19 Price Changed $115,000 MARMLS
• 2025-11-07 Price Changed $119,000 MARMLS
• 2025-08-14 Relisted — MARMLS
• 2025-05-13 Listing Removed — MARMLS
• 2025-05-13 Listed $120,000 MARMLS
• 2025-04-26 Price Changed $120,000 MARMLS
• 2025-04-12 Rental Removed $2,500 MARMLS
• 2025-04-12 Price Changed $123,000 MARMLS
• 2025-04-03 Price Changed $2,500 MARMLS
• 2025-03-31 Listed for Rent $1,800 MARMLS
• 2025-03-10 Price Changed $124,000 MARMLS
• 2025-02-28 Rental Removed $1,800 MARMLS
• 2025-02-28 Price Changed $124,999 MARMLS
• 2025-01-13 Listing Removed — MARMLS
• 2025-01-10 Price Changed $1,800 MARMLS
• 2025-01-10 Price Changed $1,975 MARMLS
• 2025-01-09 Price Changed $1,800 MARMLS
• 2025-01-08 Price Changed $125,000 MARMLS
• 2025-01-02 Listed $125,000 MARMLS
• 2024-12-30 Price Changed $1,975 MARMLS
• 2024-12-19 Price Changed $2,000 MARMLS
• 2024-12-19 Price Changed $128,000 MARMLS
• 2024-12-13 Price Changed $129,000 MARMLS
• 2024-11-19 Price Changed $2,150 MARMLS
• 2024-11-18 Price Changed $130,000 MARMLS
• 2024-11-07 Relisted — MARMLS
• 2024-10-25 Price Changed $2,200 MARMLS
• 2024-10-04 Price Changed $131,000 MARMLS
• 2024-10-02 Listed for Rent $2,300 MARMLS
• 2024-09-30 Price Changed $132,000 MARMLS
• 2024-09-07 Price Changed $133,000 MARMLS
• 2024-08-03 Price Changed $134,500 MARMLS
• 2024-07-18 Price Changed $135,000 MARMLS
• 2024-06-10 Price Changed $145,000 MARMLS
• 2024-04-30 Relisted — MARMLS
• 2023-12-05 Rental Removed $2,000 MARMLS
• 2023-11-30 Listed for Rent $2,000 MARMLS
• 2023-11-01 Listed $150,000 MARMLS

Property tax history

+2.7%/yr

Latest (2025): $1,367 · +1.3% YoY. Source: county tax records.