4142 N Jefferson Ave Unit 4D · Miami Beach, FL 33140

$349,000

1 bd · 1.0 ba · 775 sqft · Condo public records · 267 Days on market

Built 1966 $750/mo HOA · 20% of rent

---

Why this score? — see what drove the D+ 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 +12.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Appreciation +5.5/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• DSCR +3.7/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

BANK OWNED CONDO. MUST HAVE PROOF OF FUNDS & OR LOAN COMMITMENT. ALL CONTRACTS / OFFERS ARE SUBJECT TO BANKS SENIOR MANAGEMENT APPROVAL & ANY OFFERS OR COUNTER OFFERS BY BANK ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. SELLER W ILL PAY FOR BUYERS TITLE POLICY IF SELLERS TITLE COMPANY IS SELECTED PRIOR TO CONTRACT. ONLY "AS-IS" & "WHERE-IS" CONTRACTS. SEE ATTACHMENTS FOR OFFER INSTRUCTIONS.

Key facts

• Boutique building
• Kitchen with space
• Walk-in closet

Tags

• WALK-IN CLOSET
• LARGE BATHROOM
• KITCHEN WITH SPACE
• NATURAL LIGHT
• STREET-FACING BALCONY
• BOUTIQUE BUILDING

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee of $750; Association covers laundry, structure maintenance, parking, sewer, trash and water; Building has elevator(s)

Exterior

• Parking: Covered parking (1 space); 1-car garage
• Utilities: Water service included in association; Sewer service included in association; Trash service included in association; Electric and other utilities available
• Home design: Attached property; Located on the 4th floor; 6-story building
• Construction: Block construction; Year built: Unknown
• Exterior features: Balcony; Open balcony/patio

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen
• Laundry & utility: Laundry included in association services

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $349k.

Deal economics

• At list price, monthly cash flow is $-490 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $262k (24.8% below list).
• Meets the 1% rule at list price ($4k rent vs $349k).
• Recommended offer: $262k (24.8% below list) — sets the bar for cash-flow.
• Cap rate 6.1% 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 rising (+3.5%/yr); 670 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• This rent runs 42% of the median local income ($107k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $6k of equity ($2k loan paydown + $3k appreciation (1.0% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 267 days — a 12% lower offer ($307k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $96k; list at $349k implies a 264% 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $262,455 (24.8% 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 267 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. 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.
12. 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.
13. 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: 1.08% ✓
• Cap rate: 6.08%
• Cash-on-cash: -0.78%
• DSCR: 0.97
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.96% appreciation · 3.52% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.77×
• Total profit: $-22,586
• Equity at exit: $118,506

10-year hold

• IRR: 1.3%
• Equity multiple: 1.16×
• Total profit: $16,044
• Equity at exit: $156,993

Cash invested: $97,720 (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 33140

• Home prices YoY: 0.3%
• Rents YoY: 3.5%
• Active inventory: 670
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $3,770 medium
• Mortgage (P&I): −$1,830
• Tax from tax record: −$316 /mo · $3,789/yr
• Insurance: −$145
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$750
• Vacancy / Maint / Mgmt: −$792
• Net cashflow: $-490

Break-even live

Break-even rent $4,390

Max offer price $262,455

Occupancy floor —

Sensitivity live

Price	-10% $-292	-5% $-391	+0% $-490	+5% $-589	+10% $-687
Rent	-10% $-788	-5% $-639	+0% $-490	+5% $-341	+10% $-192
Rate	-1.0pp $-314	-0.5pp $-401	base $-490	+0.5pp $-580	+1.0pp $-672

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 24th St Miami Beach, FL	1.0–3.0	1.0–3.0	1479	$19,000	$12.85	20d	9	1.10mi
102 24th St Miami Beach, FL	1.0–3.0	1.0–3.0	1479	$19,000	$12.85	11d	9	1.10mi
2201 Collins Ave Miami Beach, FL	1.0–3.0	1.0–2.0	1121	$22,000	$19.62	25d	2	1.20mi

HOA detail condo

• Monthly dues: $750 · $9,000/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $349,000 Active 267 DOM
2. 2026-06-17
   days on market $349,000 Active 266 DOM
3. 2026-06-16
   days on market $349,000 Active 265 DOM
4. 2026-06-15
   days on market $349,000 Active 264 DOM
5. 2026-06-13
   days on market $349,000 Active 262 DOM
6. 2026-06-09
   days on market $349,000 Active 258 DOM
7. 2026-06-08
   days on market $349,000 Active 257 DOM
8. 2026-06-08
   days on market $349,000 Active 256 DOM
9. 2026-06-04
   days on market $349,000 Active 253 DOM
10. 2026-06-03
    days on market $349,000 Active 252 DOM
11. 2026-06-02
    days on market $349,000 Active 251 DOM
12. 2026-06-01
    days on market $349,000 Active 250 DOM
13. 2026-05-31
    days on market $349,000 Active 249 DOM
14. 2025-09-24
    listed $349,000 Active
15. 2010-12-27
    soldstatus $96,000 458-char remark

    Show marketing remark (458 chars)

    BANK OWNED CONDO. MUST HAVE PROOF OF FUNDS & OR LOAN COMMITMENT. ALL CONTRACTS / OFFERS ARE SUBJECT TO BANKS SENIOR MANAGEMENT APPROVAL & ANY OFFERS OR COUNTER OFFERS BY BANK ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. SELLER W ILL PAY FOR BUYERS TITLE POLICY IF SELLERS TITLE COMPANY IS SELECTED PRIOR TO CONTRACT. ONLY "AS-IS" & "WHERE-IS" CONTRACTS. SEE ATTACHMENTS FOR OFFER INSTRUCTIONS.

16. 2005-05-16
    soldstatus $159,000
17. 2004-10-27
    soldstatus $90,000
18. 1989-05-01
    soldstatus $42,000

ⓘ 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: $3,789 · $316/mo
• Projected year-2 tax: $3,789 · $316/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥101°F today · 29 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: $45,235
• − Mortgage interest: −$19,549
• − Property taxes: −$3,789
• − Insurance: −$6,864
• − Repairs & maintenance: −$3,619
• − Management: −$3,619
• − HOA: −$9,000
• − Depreciation: −$10,153
• Taxable loss: −$11,357
• Est. tax savings @ 24.0%: +$2,726
• After-tax cash flow: $-3,153/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): 20,342
• Household income: $107,063
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 870.0

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: White 46% Hispanic / Latino 44% Two or more races 23% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 19% Salvadoran 6%
• Common ancestry: Scotch-Irish 5% Romanian 3% Italian 3%
• Foreign-born: 44% · Canada, Dominican Republic, Jamaica
• Languages at home: 43% English-only · Spanish 45% Other Indo-European 6% French/Haitian/Cajun 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: ▲ 0.96%
• Current HPI: 302.8514
• Rent YoY: ▲ 3.52%
• 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

+731.0% since first listed

5 events — show timeline

• 2025-09-24 Listed $349,000 MARMLS
• 2010-12-27 Sold (MLS) $96,000 MARMLS
• 2005-05-16 Sold (Public Records) $159,000 Public Records
• 2004-10-27 Sold (Public Records) $90,000 Public Records
• 1989-05-01 Sold (Public Records) $42,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $3,789 · +5.6% YoY. Source: county tax records.