15115 NE 6th Ave #32 · Golden Glades, FL 33162

$239,000

3 bd · 2.0 ba · 1,620 sqft · Condo public records · 363 Days on market

Built 1974 $350/mo HOA · 7% 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 +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 +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a spacious townhouse that's centrally located in North Miami? Look no further than this beautiful 3 bedroom 2.5 bath home. With a spacious kitchen, living room and plenty of closet space, you'll have all the room you need to spread out and relax. And if you are looking for an investment opportunity, this townhouse is a great choice. Conveniently located near shopping, highways but also in a desirable area that's sure to attract renters and potential buyers. Don't miss out on this amazing opportunity to own a piece of North Miami real estate. Easy to show.

Key facts

• $350 HOA
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Pets allowed with no restrictions
• HOA & community: Monthly association fee of $350; Association fee includes water; Community pool

Exterior

• Parking: 2 covered parking spaces; Garage with 2 spaces
• Utilities: Central electric heating and cooling
• Home design: Attached property; 2 stories; Entry located on level 34
• Construction: Block construction; Year built not specified
• Exterior features: Association pool; No notable exterior features listed

Interior

• Kitchen: Dishwasher
• Flooring: Laminate
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: First-floor entry; Laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $239k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $239k).
• Recommended offer: $210k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.7% vs local median 3.5% in Golden Glades — 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 74/100 on livability (#281 in FL, #4,513 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing B+, health & safety B+; Watch: employment 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 soft (-1.6%/yr); 286 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,845/mo this rent would consume 96% 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 $2k of loan paydown is wiped out by about $7k 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 $67k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 363 days — a 12% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $50k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $207k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 363 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. 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: 2.03% ✓
• Cap rate: 15.66%
• Cash-on-cash: 33.47%
• DSCR: 2.49
• GRM: 4.1

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: 15.3%
• Equity multiple: 1.59×
• Total profit: $39,304
• Equity at exit: $35,636

10-year hold

• IRR: 21.1%
• Equity multiple: 2.49×
• Total profit: $99,575
• Equity at exit: $20,664

Cash invested: $66,920 (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: 286
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $4,845 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$258 /mo · $3,095/yr
• Insurance: −$100
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$350
• Vacancy / Maint / Mgmt: −$1,017
• Net cashflow: $1,440

Break-even live

Break-even rent $3,022

Max offer price $239,000

Occupancy floor 65%

Sensitivity live

Price	-10% $1,575	-5% $1,507	+0% $1,440	+5% $1,372	+10% $1,305
Rent	-10% $1,057	-5% $1,248	+0% $1,440	+5% $1,631	+10% $1,823
Rate	-1.0pp $1,560	-0.5pp $1,501	base $1,440	+0.5pp $1,378	+1.0pp $1,315

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $350 · $4,200/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-04
   days on market $239,000 Active 363 DOM
2. 2026-06-03
   days on market $239,000 Active 362 DOM
3. 2026-06-02
   days on market $239,000 Active 361 DOM
4. 2026-06-01
   days on market $239,000 Active 360 DOM
5. 2026-05-31
   days on market $239,000 Active 359 DOM
6. 2026-05-20
   price $239,000
7. 2026-05-07
   price $249,000
8. 2026-04-29
   price $259,000
9. 2026-04-04
   price $269,000
10. 2025-06-06
    listed $289,000 Active
11. 2023-11-30
    soldstatus $207,000
12. 2023-11-10
    soldstatus $207,000 Closed 573-char remark

    Show marketing remark (573 chars)

    Looking for a spacious townhouse that's centrally located in North Miami? Look no further than this beautiful 3 bedroom 2.5 bath home. With a spacious kitchen, living room and plenty of closet space, you'll have all the room you need to spread out and relax. And if you are looking for an investment opportunity, this townhouse is a great choice. Conveniently located near shopping, highways but also in a desirable area that's sure to attract renters and potential buyers. Don't miss out on this amazing opportunity to own a piece of North Miami real estate. Easy to show.

13. 2023-10-04
    historical Active Under Contract 573-char remark

    Show marketing remark (573 chars)

    Looking for a spacious townhouse that's centrally located in North Miami? Look no further than this beautiful 3 bedroom 2.5 bath home. With a spacious kitchen, living room and plenty of closet space, you'll have all the room you need to spread out and relax. And if you are looking for an investment opportunity, this townhouse is a great choice. Conveniently located near shopping, highways but also in a desirable area that's sure to attract renters and potential buyers. Don't miss out on this amazing opportunity to own a piece of North Miami real estate. Easy to show.

14. 2023-03-27
    listed $275,000 Active 573-char remark

    Show marketing remark (573 chars)

    Looking for a spacious townhouse that's centrally located in North Miami? Look no further than this beautiful 3 bedroom 2.5 bath home. With a spacious kitchen, living room and plenty of closet space, you'll have all the room you need to spread out and relax. And if you are looking for an investment opportunity, this townhouse is a great choice. Conveniently located near shopping, highways but also in a desirable area that's sure to attract renters and potential buyers. Don't miss out on this amazing opportunity to own a piece of North Miami real estate. Easy to show.

15. 1995-11-30
    soldstatus $52,000
16. 1978-03-01
    soldstatus $42,500

ⓘ 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: $3,095 · $258/mo
• Projected year-2 tax: $3,095 · $258/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 AE · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 27 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: $58,135
• − Mortgage interest: −$13,388
• − Property taxes: −$3,095
• − Insurance: −$6,314
• − Repairs & maintenance: −$4,651
• − Management: −$4,651
• − HOA: −$4,200
• − Depreciation: −$6,953
• Taxable income: $14,885
• Est. tax owed @ 24.0%: −$3,572
• After-tax cash flow: $13,706/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 — Golden Glades

• Score: 74/100
• State rank: #281
• US rank: #4513

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Golden Glades, FL
• County: Miami-Dade County · 2,697,751 people
• 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

+462.4% since first listed

11 events — show timeline

• 2026-05-20 Price Changed $239,000 MARMLS
• 2026-05-07 Price Changed $249,000 MARMLS
• 2026-04-29 Price Changed $259,000 MARMLS
• 2026-04-04 Price Changed $269,000 MARMLS
• 2025-06-06 Listed $289,000 MARMLS
• 2023-11-30 Sold (Public Records) $207,000 Public Records
• 2023-11-10 Sold (MLS) $207,000 MARMLS
• 2023-10-04 Contingent — MARMLS
• 2023-03-27 Listed $275,000 MARMLS
• 1995-11-30 Sold (Public Records) $52,000 Public Records
• 1978-03-01 Sold (Public Records) $42,500 Public Records

Property tax history

+13.4%/yr

Latest (2025): $3,095 · -0.1% YoY. Source: county tax records.