1300 NE Miami Gardens Dr Unit 1001E · Ojus, FL 33179

$255,000

2 bd · 2.0 ba · 1,257 sqft · Condo public records · 139 Days on market

Built 1975 $585/mo HOA · 16% 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 +24.0/30.0
• 1% rule +9.1/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Priced to sell! Spacious two bedroom, two bathroom corner unit offering stunning south facing views of the Brickell skyline in the serene lake by in the community. Enjoy abundant natural light throughout in a private bath. Perfect for relaxing or entertaining. Corner layout provides added privacy and an open, functional living and dining area. Located in Wilshire condo is secured entry, pool, and on-site management. Centrally located near major highways, shopping, dining in public transportation, with easy access to downtown Miami, Brickell and surrounding areas. Excellent opportunity for end-users or investors.

Key facts

• South facing views
• Private bath
• Corner unit

Tags

• CORNER UNIT
• SOUTH FACING VIEWS
• PRIVATE BATH
• SECURED ENTRY
• ON-SITE MANAGEMENT
• EASY ACCESS TO DOWNTOWN MIAMI

Property features AI

Finance

• Other: Association pool
• Financial info: Pets allowed with restrictions/conditions
• HOA & community: Monthly association fee; Association amenities include: pool, fitness center, clubhouse, billiard room, library, bike storage, barbecue/picnic area, laundry, elevator(s); Association fee covers management, laundry, grounds maintenance, structure maintenance, pest control, roof, security, trash, and water

Exterior

• Parking: Assigned covered parking; Deeded parking; Guest parking; Two or more spaces available; 1 covered garage space
• Security: Fire alarm; Key card entry; Secured lobby; Phone entry; Security guard
• Utilities: Has heating; Electric service
• Home design: Attached property; 10-story building; Entry on 10th floor
• Construction: Block construction; Resale property
• Exterior features: Balcony; Open balcony/patio

Interior

• Kitchen: Dishwasher; Trash compactor
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating
• Interior features: First floor entry; Elevator access
• Laundry & utility: Washer; Dryer; Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $255k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $255k).
• Recommended offer: $224k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 83/100 on livability (#58 in FL, #1,031 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D+, amenities 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; 572 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,588/mo this rent would consume 66% of the median local household income ($65k/yr) (locally 3123% 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 $8k 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 139 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y 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.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 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 1975 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.41% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.42%
• DSCR: 1.37
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.22% rent growth · sell at horizon

5-year hold

• IRR: -7.4%
• Equity multiple: 0.74×
• Total profit: $-18,778
• Equity at exit: $38,021

10-year hold

• IRR: -2.8%
• Equity multiple: 0.84×
• Total profit: $-11,530
• Equity at exit: $22,048

Cash invested: $71,400 (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 33179

• Rents YoY: 0.2%
• Active inventory: 572
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $3,588 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$305 /mo · $3,666/yr
• Insurance: −$106
• HOA: −$585
• Vacancy / Maint / Mgmt: −$754
• Net cashflow: $501

Break-even live

Break-even rent $2,954

Max offer price $255,000

Occupancy floor 81%

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $585 · $7,020/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-18
   days on market $255,000 Active 139 DOM
2. 2026-06-17
   days on market $255,000 Active 138 DOM
3. 2026-06-16
   days on market $255,000 Active 137 DOM
4. 2026-06-15
   days on market $255,000 Active 136 DOM
5. 2026-06-13
   days on market $255,000 Active 134 DOM
6. 2026-06-09
   days on market $255,000 Active 130 DOM
7. 2026-06-08
   days on market $255,000 Active 129 DOM
8. 2026-06-07
   days on market $255,000 Active 128 DOM
9. 2026-06-04
   days on market $255,000 Active 125 DOM
10. 2026-06-03
    days on market $255,000 Active 124 DOM
11. 2026-06-02
    days on market $255,000 Active 123 DOM
12. 2026-06-01
    days on market $255,000 Active 122 DOM
13. 2026-05-31
    days on market $255,000 Active 121 DOM
14. 2026-01-24
    listed $255,000 Active
15. 2025-07-16
    historical
16. 2025-01-17
    listed $265,000 Active
17. 2025-01-13
    historical $2,499
18. 2025-01-12
    historical
19. 2025-01-03
    price $2,499
20. 2025-01-02
    price $268,900
21. 2024-12-26
    soldstatus $260,000
22. 2024-12-10
    listed $2,400
23. 2024-11-07
    historical $2,500
24. 2024-11-01
    listed $2,500
25. 2024-09-23
    price $284,900
26. 2024-09-20
    historical $2,650
27. 2024-08-16
    listed $2,650
28. 2024-08-15
    listed $289,900 Active
29. 2024-05-24
    soldstatus $233,000
30. 2015-04-17
    soldstatus $100,000
31. 2012-02-16
    soldstatus $142,000
32. 2005-12-29
    soldstatus $192,000
33. 1998-08-04
    soldstatus $62,000
34. 1984-05-01
    soldstatus $63,000

ⓘ 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: $3,666 · $305/mo
• Projected year-2 tax: $3,666 · $305/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 5/10 Major FEMA zone X (unshaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 25 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: $43,062
• − Mortgage interest: −$14,284
• − Property taxes: −$3,666
• − Insurance: −$1,275
• − Repairs & maintenance: −$3,445
• − Management: −$3,445
• − HOA: −$7,020
• − Depreciation: −$7,418
• Taxable income: $2,509
• Est. tax owed @ 24.0%: −$602
• After-tax cash flow: $5,409/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 — Ojus

• Score: 83/100
• State rank: #58
• US rank: #1031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ojus, FL
• County: Miami-Dade County · 2,697,751 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 51,591
• Household income: $65,211
• Rent vs Own: 43.3% rent · 56.7% own
• Severe rent burden: 3123.0

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 0.67)
• Race & ethnicity: Black 39% Hispanic / Latino 38% Two or more races 23% White 19% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 6% Dominican 3% Salvadoran 3%
• Common ancestry: Hispanic 13% Scotch-Irish 2% Romanian 2%
• Foreign-born: 48% · Canada, Jamaica, Dominican Republic
• Languages at home: 42% English-only · Spanish 37% French/Haitian/Cajun 13% 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: ▼ -608.34%
• Current HPI: 328.1733
• Rent YoY: ▲ 0.22%
• 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

+304.8% since first listed

21 events — show timeline

• 2026-01-24 Listed $255,000 MARMLS
• 2025-07-16 Listing Removed — MARMLS
• 2025-01-17 Listed $265,000 MARMLS
• 2025-01-13 Rental Removed $2,499 MARMLS
• 2025-01-12 Listing Removed — MARMLS
• 2025-01-03 Price Changed $2,499 MARMLS
• 2025-01-02 Price Changed $268,900 MARMLS
• 2024-12-26 Sold (Public Records) $260,000 Public Records
• 2024-12-10 Listed for Rent $2,400 MARMLS
• 2024-11-07 Rental Removed $2,500 MARMLS
• 2024-11-01 Listed for Rent $2,500 MARMLS
• 2024-09-23 Price Changed $284,900 MARMLS
• 2024-09-20 Rental Removed $2,650 MARMLS
• 2024-08-16 Listed for Rent $2,650 MARMLS
• 2024-08-15 Listed $289,900 MARMLS
• 2024-05-24 Sold (Public Records) $233,000 Public Records
• 2015-04-17 Sold (Public Records) $100,000 Public Records
• 2012-02-16 Sold (Public Records) $142,000 Public Records
• 2005-12-29 Sold (Public Records) $192,000 Public Records
• 1998-08-04 Sold (Public Records) $62,000 Public Records
• 1984-05-01 Sold (Public Records) $63,000 Public Records

Property tax history

+10.4%/yr

Latest (2025): $3,666 · +132.6% YoY. Source: county tax records.