354 NE 173rd St · North Miami Beach, FL 33162

$480,000

2 bd · 1.0 ba · 1,326 sqft · SingleFamily public records · 98 Days on market

Built 1955 5,000 sqft lot Est $499k · at est.

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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).

• ARV discount +9.2/15.0
• Cash flow +9.1/30.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• 1% rule +2.7/10.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

Key facts

• Near dining
• Privacy hedges
• Near shopping

Tags

• UPDATED KITCHEN
• NEWER APPLIANCES
• PRIVACY HEDGES
• ACCORDION HURRICANE SHUTTERS
• NEAR SHOPPING
• NEAR DINING

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Septic tank
• Home design: Single-story; Faces north
• Construction: Block construction; Flat and tile roof
• Exterior features: Outdoor lighting

Interior

• Kitchen: Dishwasher
• Bedrooms: Bedroom on main level
• Flooring: Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First-floor entry; Main-level bedroom; Family room; Florida room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $480k.

Deal economics

• At list price, monthly cash flow is $-368 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $415k (13.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $369k (23.2% below list).
• Recommended offer: $369k (23.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#71 in FL, #1,177 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment D+, crime 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); 284 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,687/mo this rent would consume 73% 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 $3k of loan paydown is wiped out by about $14k 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 98 days — a 9% lower offer ($437k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $368,661 (23.2% 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 98 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.77% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.29%
• DSCR: 0.85
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $498,576
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
280 NE 172nd St	0.11mi	3/3.0 (+1)	1,356 (+2%)	7mo	$470,000	$347	72
85 NE 171st Ter	0.37mi	3/1.0 (+1)	1,279 (-4%)	6mo	$499,990	$391	66
285 NE 165th St	0.48mi	3/2.0 (+1)	1,380 (+4%)	1mo	$405,000	$293	61
341 NE 164th St	0.57mi	3/2.0 (+1)	1,264 (-5%)	3mo	$474,999	$376	55
150 NE 164th St	0.65mi	3/2.0 (+1)	1,408 (+6%)	2mo	$575,000	$408	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -25.2%
• Equity multiple: 0.17×
• Total profit: $-111,986
• Equity at exit: $71,570

10-year hold

• IRR: -33.8%
• Equity multiple: -0.26×
• Total profit: $-169,310
• Equity at exit: $41,502

Cash invested: $134,400 (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 33162

• Rents YoY: -1.6%
• Active inventory: 284
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $3,687 medium
• Mortgage (P&I): −$2,517
• Tax from tax record: −$563 /mo · $6,758/yr
• Insurance: −$200
• HOA: −$0
• Vacancy / Maint / Mgmt: −$774
• Net cashflow: $-368

Break-even live

Break-even rent $4,152

Max offer price $415,001

Occupancy floor —

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: $120,000
• Closing costs: $14,400
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $480,000 Active 98 DOM
2. 2026-06-17
   days on market $480,000 Active 97 DOM
3. 2026-06-16
   days on market $480,000 Active 96 DOM
4. 2026-06-15
   days on market $480,000 Active 95 DOM
5. 2026-06-13
   days on market $480,000 Active 93 DOM
6. 2026-06-09
   days on market $480,000 Active 89 DOM
7. 2026-06-08
   days on market $480,000 Active 88 DOM
8. 2026-06-07
   days on market $480,000 Active 87 DOM
9. 2026-06-04
   days on market $480,000 Active 84 DOM
10. 2026-06-03
    days on market $480,000 Active 83 DOM
11. 2026-06-02
    days on market $480,000 Active 82 DOM
12. 2026-06-01
    days on market $480,000 Active 81 DOM
13. 2026-05-31
    days on market $480,000 Active 80 DOM
14. 2026-03-12
    listed $480,000 Active
15. 2023-12-22
    soldstatus $427,000
16. 2023-12-18
    soldstatus $427,000 Closed 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

17. 2023-11-13
    status Pending 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

18. 2023-11-07
    price $424,900 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

19. 2023-11-03
    status Active 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

20. 2023-10-27
    status Pending 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

21. 2023-10-25
    listed $429,900 Active 271-char remark

    Show marketing remark (271 chars)

    Professionally Maintained and Managed home. Features updated exterior paint as well as an updated interior throughout. Kitchen is updated and features newer appliances. Incredible investment opportunity or perfect for first time homes buyer. Ready to show priced to sell.

22. 2005-07-07
    soldstatus $196,600

ⓘ 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: $6,758 · $563/mo
• Projected year-2 tax: $6,758 · $563/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥104°F today · 22 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: $44,239
• − Mortgage interest: −$26,887
• − Property taxes: −$6,758
• − Insurance: −$2,400
• − Repairs & maintenance: −$3,539
• − Management: −$3,539
• − Depreciation: −$13,964
• Taxable loss: −$12,848
• Est. tax savings @ 24.0%: +$3,084
• After-tax cash flow: $-1,332/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 — North Miami Beach

• Score: 82/100
• State rank: #71
• US rank: #1177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• 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

+144.2% since first listed

9 events — show timeline

• 2026-03-12 Listed $480,000 MARMLS
• 2023-12-22 Sold (Public Records) $427,000 Public Records
• 2023-12-18 Sold (MLS) $427,000 MARMLS
• 2023-11-13 Pending — MARMLS
• 2023-11-07 Price Changed $424,900 MARMLS
• 2023-11-03 Relisted — MARMLS
• 2023-10-27 Pending — MARMLS
• 2023-10-25 Listed $429,900 MARMLS
• 2005-07-07 Sold (Public Records) $196,600 Public Records

Property tax history

+9.6%/yr

Latest (2025): $6,758 · -10.7% YoY. Source: county tax records.