210 172nd St #523 · Sunny Isles Beach, FL 33160

$299,900

1 bd · 1.0 ba · 725 sqft · Condo public records · 542 Days on market

Built 1974 $465/mo HOA · 13% of rent

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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 +21.9/30.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• DSCR +7.0/10.0
• Appreciation +5.3/10.0
• Livability +4.3/5.0
• Schools +4.2/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

REDUCED FOR A QUICK SALE. .. .LOCATION. .LOCATION. .LOCATION ENJOY THIS RENOVATED FULLY FURNISHED UNIT IN THE HEART OF SUNNY ILSES BEACH! ONE BLOCK FROM THE OCEAN & CLOSE TO RESTAURANTS, SHOPPING CENTERS, GROCERY STORES, RETAIL SHOPS, HOUSE OF WORSHIPS, A-RATED SCHOOLS, BANKS AND SO MUCH MORE. NO CAR NECESSARY A RARITY IN FLORIDA! EXTRA LARGE PRIMARY BEDROOM WITH ANOTHER SEPERATE AREA THAT CAN BE USED AS A SECOND BEDROOM OR OFFICE. MAKING THIS UNIT PERFECT FOR FAMILIES OR SINGLES. HAVE THE MILLION DOLLAR EXPERIENCE OF WORLD FAMOUS SUNNY ISLES BEACH AT A FRACTION OF THE PRICE!

Key facts

• $465 HOA
• Garage
• Community pool

Tags

• RENOVATED FULLY FURNISHED UNIT
• ONE BLOCK FROM THE OCEAN
• EXTRA LARGE PRIMARY BEDROOM
• SEPARATE AREA FOR OFFICE

Property features AI

Finance

• Financial info: Pets allowed with restrictions or possible restrictions (conditional)
• HOA & community: Monthly association fee; Association fee covers amenities, common areas, hot water, insurance, structure maintenance, parking, pest control, pool(s), recreation facilities, sewer, security, trash and water; Association amenities include fitness center, laundry, barbecue, picnic area, pool and storage

Exterior

• Parking: 1 covered garage space; Guest parking
• Security: Complex is fenced; Phone entry; Security guard
• Utilities: Water included in association fees; Sewer included in association fees; Trash included in association fees
• Home design: Attached property; 5 stories; Entry on level 5
• Construction: Block construction; Resale property
• Exterior features: Barbecue area; Fruit trees; Association pool

Interior

• Kitchen: Dishwasher; Electric range; Self-cleaning oven; Microwave; Refrigerator; Icemaker; Disposal
• Bedrooms: Bedroom located on the main level
• Flooring: Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bedroom on main level; Closet cabinetry; Pantry; Walk-in closet(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $300k.

Deal economics

• At list price, monthly cash flow is $46 ($553/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $300k).
• Recommended offer: $264k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 0.8% in Sunny Isles 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 86/100 on livability (#20 in FL, #434 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, health & safety A+; Watch: housing C-, 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; 1878 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,658/mo this rent would consume 65% 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 $4k of equity ($2k loan paydown + $2k 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.
• By year 8, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 542 days — a 12% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 18y ago; this cycle's ask is 15878% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $150k; list at $300k implies a 100% 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 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 542 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 1974 — 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: 1.22% ✓
• Cap rate: 8.18%
• Cash-on-cash: 6.75%
• DSCR: 1.30
• GRM: 6.8

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: -1.3%
• Equity multiple: 0.94×
• Total profit: $-5,231
• Equity at exit: $95,066

10-year hold

• IRR: 2.2%
• Equity multiple: 1.24×
• Total profit: $20,142
• Equity at exit: $120,858

Cash invested: $83,972 (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: 1878
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $3,658 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$255 /mo · $3,056/yr
• Insurance: −$125
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$465
• Vacancy / Maint / Mgmt: −$768
• Net cashflow: $46

Break-even live

Break-even rent $3,600

Max offer price $299,900

Occupancy floor 94%

Sensitivity live

Price	-10% $216	-5% $131	+0% $46	+5% $-39	+10% $-124
Rent	-10% $-243	-5% $-98	+0% $46	+5% $191	+10% $335
Rate	-1.0pp $197	-0.5pp $122	base $46	+0.5pp $-32	+1.0pp $-111

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $465 · $5,580/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 44 events

1. 2026-06-18
   days on market $299,900 Active 542 DOM
2. 2026-06-17
   days on market $299,900 Active 541 DOM
3. 2026-06-16
   days on market $299,900 Active 540 DOM
4. 2026-06-15
   days on market $299,900 Active 539 DOM
5. 2026-06-13
   days on market $299,900 Active 537 DOM
6. 2026-06-09
   days on market $299,900 Active 533 DOM
7. 2026-06-08
   days on market $299,900 Active 532 DOM
8. 2026-06-08
   days on market $299,900 Active 531 DOM
9. 2026-06-04
   days on market $299,900 Active 528 DOM
10. 2026-06-03
    days on market $299,900 Active 527 DOM
11. 2026-06-02
    days on market $299,900 Active 526 DOM
12. 2026-06-01
    days on market $299,900 Active 525 DOM
13. 2026-05-31
    days on market $299,900 Active 524 DOM
14. 2026-02-21
    historical $1,877
15. 2026-01-14
    listed $1,877
16. 2024-12-23
    listed $299,900 Active
17. 2024-12-10
    historical
18. 2024-06-11
    status Active
19. 2024-06-10
    historical
20. 2024-01-26
    historical $2,100
21. 2024-01-11
    listed $2,100
22. 2023-12-29
    price $299,900
23. 2023-12-11
    listed $324,999 Active
24. 2019-06-22
    status Pending
25. 2019-03-20
    historical
26. 2019-03-20
    historical
27. 2019-03-01
    listed $187,500 Active
28. 2019-02-28
    historical
29. 2018-09-04
    listed $187,000 Active
30. 2015-06-04
    soldstatus $150,000
31. 2015-06-02
    soldstatus $162,000 Sold
32. 2015-05-14
    status Pending
33. 2015-03-26
    status Active
34. 2015-03-25
    status Pending
35. 2015-02-12
    listed $171,900 Active
36. 2015-02-06
    historical
37. 2015-01-27
    listed $169,000 Active
38. 2015-01-27
    historical
39. 2014-09-20
    listed $169,000
40. 2008-06-19
    historical
41. 2008-02-19
    listed $129,900
42. 2005-06-13
    soldstatus $166,000
43. 1994-05-20
    soldstatus $34,000
44. 1994-03-01
    soldstatus $34,000

ⓘ 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: $3,056 · $255/mo
• Projected year-2 tax: $3,056 · $255/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 ≥103°F today · 28 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: $43,899
• − Mortgage interest: −$16,799
• − Property taxes: −$3,056
• − Insurance: −$6,618
• − Repairs & maintenance: −$3,512
• − Management: −$3,512
• − HOA: −$5,580
• − Depreciation: −$8,724
• Taxable loss: −$3,903
• Est. tax savings @ 24.0%: +$937
• After-tax cash flow: $1,490/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 — Sunny Isles Beach

• Score: 86/100
• State rank: #20
• US rank: #434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunny Isles Beach, FL
• County: Miami-Dade County · 2,697,751 people
• 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

-94.5% since first listed

31 events — show timeline

• 2026-02-21 Rental Removed $1,877 MARMLS
• 2026-01-14 Listed for Rent $1,877 MARMLS
• 2024-12-23 Listed $299,900 MARMLS
• 2024-12-10 Listing Removed — MARMLS
• 2024-06-11 Relisted — MARMLS
• 2024-06-10 Listing Removed — MARMLS
• 2024-01-26 Rental Removed $2,100 MARMLS
• 2024-01-11 Listed for Rent $2,100 MARMLS
• 2023-12-29 Price Changed $299,900 MARMLS
• 2023-12-11 Listed $324,999 MARMLS
• 2019-06-22 Pending — MARMLS
• 2019-03-20 Listing Removed — MARMLS
• 2019-03-20 Listing Removed — MARMLS
• 2019-03-01 Listed $187,500 MARMLS
• 2019-02-28 Listing Removed — MARMLS
• 2018-09-04 Listed $187,000 MARMLS
• 2015-06-04 Sold (Public Records) $150,000 Public Records
• 2015-06-02 Sold (MLS) $162,000 MARMLS
• 2015-05-14 Pending — MARMLS
• 2015-03-26 Relisted — MARMLS
• 2015-03-25 Pending — MARMLS
• 2015-02-12 Listed $171,900 MARMLS
• 2015-02-06 Listing Removed — MARMLS
• 2015-01-27 Listed $169,000 MARMLS
• 2015-01-27 Listing Removed — Beaches MLS
• 2014-09-20 Listed $169,000 Beaches MLS
• 2008-06-19 Listing Removed — Beaches MLS
• 2008-02-19 Listed $129,900 Beaches MLS
• 2005-06-13 Sold (Public Records) $166,000 Public Records
• 1994-05-20 Sold (Public Records) $34,000 Public Records
• 1994-03-01 Sold (Public Records) $34,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,056 · +1.1% YoY. Source: county tax records.