755 SW 6th St #6 · Miami, FL 33130

$259,000

2 bd · 1.0 ba · 660 sqft · Condo public records · 123 Days on market

Built 1971 $400/mo HOA · 8% 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
• Appreciation +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0

Listing remarks MLS

Excellent location!! 2 bedroom/ 1 bathroom condo in Little Havana just minutes from Brickell, Downtown Miami and South Beach. Updated kitchen with granite countertops and SS appliances. Great layout, ample storage, and massive second floor balcony. Building has recently passed its 40-year inspection and undergone several improvements including new camera security system, exterior paint, new roof, and new elevators. A/C unit replaced within the last year, laundry facilities on premises, 1 assigned parking spot, guest and street parking available. Perfect investment property or future home for those who want to be near the heart of Miami. Currently rented until June 30, 2023.

Key facts

• Walk-in closet
• Balcony
• Laundry on site

Tags

• OPEN KITCHEN
• TERRAZZO FLOORS
• WALK-IN CLOSET
• BALCONY
• ASSIGNED PARKING SPACE
• LAUNDRY ON SITE

Property features AI

Finance

• Other: Annual taxes reported
• Financial info: Pets allowed with restrictions or possible restrictions
• HOA & community: Monthly association fee of $400; HOA covers common areas, insurance, laundry, grounds maintenance, parking, sewer, trash and water; Association laundry amenity

Exterior

• Parking: Assigned parking (1 space); 1 covered space; 1-car garage
• Security: Window bars
• Utilities: Electric power
• Home design: Attached property; 4-story building; Entry on level 2
• Construction: Block construction; Effective year built
• Exterior features: Open balcony

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Bedroom located on the main level
• Flooring: Terrazzo flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: First-floor entry; Bedroom on main level
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $259k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $259k).
• Recommended offer: $228k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 1.9% in Miami — 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 78/100 on livability (#177 in FL, #2,724 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, 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 soft (-0.5%/yr); 639 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,871/mo this rent would consume 96% of the median local household income ($61k/yr) (locally 5231% 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 (-1.8%/yr); year-one equity from $2k of loan paydown is wiped out by about $5k 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 (-1.8% appreciation + 0.0% rent growth), your $73k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 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 1971 — 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 B-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?
8. 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?
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: 1.88% ✓
• Cap rate: 13.90%
• Cash-on-cash: 27.16%
• DSCR: 2.21
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.79% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 20.3%
• Equity multiple: 1.85×
• Total profit: $62,003
• Equity at exit: $52,844

10-year hold

• IRR: 24.5%
• Equity multiple: 3.02×
• Total profit: $146,839
• Equity at exit: $47,608

Cash invested: $72,520 (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 33130

• Home prices YoY: -0.5%
• Rents YoY: -0.5%
• Active inventory: 639
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $4,871 medium
• Mortgage (P&I): −$1,358
• Tax from tax record: −$340 /mo · $4,086/yr
• Insurance: −$108
• HOA: −$400
• Vacancy / Maint / Mgmt: −$1,023
• Net cashflow: $1,641

Break-even live

Break-even rent $2,793

Max offer price $259,000

Occupancy floor 61%

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $400 · $4,800/yr
• Likely covers: securityparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $259,000 Active 123 DOM
2. 2026-06-17
   days on market $259,000 Active 122 DOM
3. 2026-06-16
   days on market $259,000 Active 121 DOM
4. 2026-06-15
   days on market $259,000 Active 120 DOM
5. 2026-06-13
   days on market $259,000 Active 118 DOM
6. 2026-06-09
   days on market $259,000 Active 114 DOM
7. 2026-06-08
   days on market $259,000 Active 113 DOM
8. 2026-06-07
   days on market $259,000 Active 112 DOM
9. 2026-06-04
   days on market $259,000 Active 109 DOM
10. 2026-06-03
    days on market $259,000 Active 108 DOM
11. 2026-06-02
    days on market $259,000 Active 107 DOM
12. 2026-06-01
    days on market $259,000 Active 106 DOM
13. 2026-05-31
    days on market $259,000 Active 105 DOM
14. 2026-04-28
    price $259,000
15. 2026-02-09
    listed $265,000 Active
16. 2023-05-18
    soldstatus $230,000
17. 2023-05-02
    soldstatus $230,000 Closed 682-char remark

    Show marketing remark (682 chars)

    Excellent location!! 2 bedroom/ 1 bathroom condo in Little Havana just minutes from Brickell, Downtown Miami and South Beach. Updated kitchen with granite countertops and SS appliances. Great layout, ample storage, and massive second floor balcony. Building has recently passed its 40-year inspection and undergone several improvements including new camera security system, exterior paint, new roof, and new elevators. A/C unit replaced within the last year, laundry facilities on premises, 1 assigned parking spot, guest and street parking available. Perfect investment property or future home for those who want to be near the heart of Miami. Currently rented until June 30, 2023.

18. 2023-03-12
    historical Active Under Contract 682-char remark

    Show marketing remark (682 chars)

    Excellent location!! 2 bedroom/ 1 bathroom condo in Little Havana just minutes from Brickell, Downtown Miami and South Beach. Updated kitchen with granite countertops and SS appliances. Great layout, ample storage, and massive second floor balcony. Building has recently passed its 40-year inspection and undergone several improvements including new camera security system, exterior paint, new roof, and new elevators. A/C unit replaced within the last year, laundry facilities on premises, 1 assigned parking spot, guest and street parking available. Perfect investment property or future home for those who want to be near the heart of Miami. Currently rented until June 30, 2023.

19. 2023-03-01
    listed $240,000 Active 682-char remark

    Show marketing remark (682 chars)

    Excellent location!! 2 bedroom/ 1 bathroom condo in Little Havana just minutes from Brickell, Downtown Miami and South Beach. Updated kitchen with granite countertops and SS appliances. Great layout, ample storage, and massive second floor balcony. Building has recently passed its 40-year inspection and undergone several improvements including new camera security system, exterior paint, new roof, and new elevators. A/C unit replaced within the last year, laundry facilities on premises, 1 assigned parking spot, guest and street parking available. Perfect investment property or future home for those who want to be near the heart of Miami. Currently rented until June 30, 2023.

20. 2022-03-29
    soldstatus $180,000
21. 2022-03-15
    soldstatus $180,000 Closed 211-char remark

    Show marketing remark (211 chars)

    Remodeled unit with 2 bedrooms 1 bath. Open kitchen, large balcony, terrazzo floors, formal dining and living room. Lots of closets. Close to 8th st and Brickell area. Stainless Steel appliances. Unit is rented.

22. 2022-02-21
    status Pending 211-char remark

    Show marketing remark (211 chars)

    Remodeled unit with 2 bedrooms 1 bath. Open kitchen, large balcony, terrazzo floors, formal dining and living room. Lots of closets. Close to 8th st and Brickell area. Stainless Steel appliances. Unit is rented.

23. 2022-02-18
    price $170,000 211-char remark

    Show marketing remark (211 chars)

    Remodeled unit with 2 bedrooms 1 bath. Open kitchen, large balcony, terrazzo floors, formal dining and living room. Lots of closets. Close to 8th st and Brickell area. Stainless Steel appliances. Unit is rented.

24. 2022-02-14
    listed $180,000 Active 211-char remark

    Show marketing remark (211 chars)

    Remodeled unit with 2 bedrooms 1 bath. Open kitchen, large balcony, terrazzo floors, formal dining and living room. Lots of closets. Close to 8th st and Brickell area. Stainless Steel appliances. Unit is rented.

25. 2015-08-04
    soldstatus $90,000

ⓘ 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: $4,086 · $340/mo
• Projected year-2 tax: $4,086 · $340/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 31 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: $58,452
• − Mortgage interest: −$14,508
• − Property taxes: −$4,086
• − Insurance: −$1,295
• − Repairs & maintenance: −$4,676
• − Management: −$4,676
• − HOA: −$4,800
• − Depreciation: −$7,535
• Taxable income: $16,876
• Est. tax owed @ 24.0%: −$4,050
• After-tax cash flow: $15,647/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

• Score: 78/100
• State rank: #177
• US rank: #2724

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 827,308
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 34,964
• Household income: $61,009
• Rent vs Own: 83.2% rent · 16.8% own
• Severe rent burden: 5231.0

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: Predominantly Hispanic (73%)
• Race & ethnicity: Hispanic / Latino 73% Two or more races 44% White 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 24% Dominican 4%
• Common ancestry: Romanian 2% Estonian 1% Lithuanian 1%
• Foreign-born: 60% · Canada, Jamaica, Guatemala
• Languages at home: 23% English-only · Spanish 70% Other Indo-European 2% Russian/Polish/Slavic 1%

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: ▼ -1.79%
• Current HPI: 344.7752
• Rent YoY: ▼ -0.53%
• 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

+187.8% since first listed

12 events — show timeline

• 2026-04-28 Price Changed $259,000 MARMLS
• 2026-02-09 Listed $265,000 MARMLS
• 2023-05-18 Sold (Public Records) $230,000 Public Records
• 2023-05-02 Sold (MLS) $230,000 MARMLS
• 2023-03-12 Contingent — MARMLS
• 2023-03-01 Listed $240,000 MARMLS
• 2022-03-29 Sold (Public Records) $180,000 Public Records
• 2022-03-15 Sold (MLS) $180,000 MARMLS
• 2022-02-21 Pending — MARMLS
• 2022-02-18 Price Changed $170,000 MARMLS
• 2022-02-14 Listed $180,000 MARMLS
• 2015-08-04 Sold (Public Records) $90,000 Public Records

Property tax history

+19.6%/yr

Latest (2025): $4,086 · +10.4% YoY. Source: county tax records.