5300 NW 87th Ave #1407 · Doral, FL 33178

$118,000

1 bd · 1.0 ba · 705 sqft · Condo public records · 81 Days on market

Built 2008 $1052/mo HOA · 42% of rent ↓ 21% since listing

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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 +18.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Appreciation +4.9/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0

Listing remarks MLS

High-performing short-term rental (AirBnb) investment in Doral - Over 100 reviews - Only 17 minutes from Miami Airport. This modern studio is equipped to host guests and is being sold fully furnished! The unit features a king-size bed, a large bathroom with his and her sinks, a separate shower, a spa tub, and a spacious balcony. Additionally, the unit includes a small kitchenette with a refrigerator, microwave, cooktop stove, dishwasher, and a washer and dryer inside the unit. NO HOA approval is needed!! average $150 per night! Average 20+ nights per month!

Key facts

• Full kitchen
• Private balcony
• 24 7 security

Tags

• PRIVATE BALCONY
• FULL KITCHEN
• SPA TUB
• RESORT STYLE AMENITIES
• 24 7 SECURITY

Property features AI

Finance

• Other:
• Financial info: Lease considered; No pets allowed
• HOA & community: Monthly association fee; Association fee includes HVAC; Community clubhouse

Exterior

• Parking: 1 covered garage space
• Security: Fire alarm; Lobby secured; Smoke detectors
• Utilities: Has heating and cooling
• Home design: Attached property; 2 stories; Entry on level 1
• Construction: Block construction; Resale property
• Exterior features: Balcony; Open balcony/patio

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms:
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bedroom on main level; First floor entry
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $118k.

Deal economics

• At list price, monthly cash flow is $-51 ($-616/yr) — negative.
• To cash-flow at today's rent, offer at most $109k (7.7% below list).
• Meets the 1% rule at list price ($2k rent vs $118k).
• Recommended offer: $109k (7.7% below list) — sets the bar for cash-flow.
• Cap rate 7.3% vs local median 2.8% in Doral — 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 (#122 in FL, #1,868 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: 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.
• Zoned schools: John I. Smith K-8 Center (math 57% / reading 58%, grade C+, #764 of 2,144 statewide, top 36%, 1,001 students, 31% FRL); Ruben Dario Middle School (math 32% / reading 45%, grade F, #384 of 571 statewide, top 68%, 549 students, 62% FRL); J.C. Bermudez Doral Senior High (math 32% / reading 39%, grade F, #367 of 667 statewide, top 57%, 859 students, 31% FRL) — zoned schools average 41% FRL vs 64% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents soft (-1.1%/yr); 483 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 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 31% of the median local income ($97k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $513 of equity ($816 loan paydown + $-303 appreciation (-0.3% local appreciation)).
• 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 81 days — a 6% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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: flood insurance adds $152/mo; HOA is 42% of rent.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,928 (7.7% 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 81 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
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. 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?
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: 2.11% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.66%
• DSCR: 1.16
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.56×
• Total profit: $-14,650
• Equity at exit: $32,757

10-year hold

• IRR: -10.0%
• Equity multiple: 0.15×
• Total profit: $-28,080
• Equity at exit: $38,193

Cash invested: $33,040 (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 33178

• Home prices YoY: -0.1%
• Rents YoY: -1.1%
• Active inventory: 483
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,486 high
• Mortgage (P&I): −$619
• Tax from tax record: −$144 /mo · $1,722/yr
• Insurance: −$49
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$1,052
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $-51

Break-even live

Break-even rent $2,551

Max offer price $108,928

Occupancy floor 97%

Sensitivity live

Price	-10% $15	-5% $-18	+0% $-51	+5% $-85	+10% $-118
Rent	-10% $-248	-5% $-150	+0% $-51	+5% $47	+10% $145
Rate	-1.0pp $8	-0.5pp $-21	base $-51	+0.5pp $-82	+1.0pp $-113

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5300 Paseo Blvd Unit 1007 Doral, FL	1.0	1.0	698	$2,700	$3.87	4d	1	0.11mi
5300 Paseo Blvd Doral, FL	1.0–2.0	1.0–2.0	900	$2,700	$3.00	9d	3	0.11mi
5300 Paseo Blvd Doral, FL	1.0–2.0	1.0–2.0	900	$2,600	$2.89	3d	4	0.11mi
5252 NW 85th Ave Doral, FL	1.0–3.0	1.0–2.0	1008	$2,650	$2.63	19d	6	0.16mi
5252 NW 85th Ave Doral, FL	1.0–3.0	1.0–2.0	1008	$2,700	$2.68	0d	6	0.16mi
5350 NW 84th Ave Doral, FL	3.0	1.0–3.0	904	$3,167	$3.50	0d	11	0.20mi
5350 NW 84th Ave Unit 1022290P Doral, FL	1.0	1.0	656	$3,880	$5.91	15d	1	0.20mi
5250 NW 84th Ave Doral, FL	1.0–3.0	1.0–2.0	979	$2,458	$2.51	0d	38	0.24mi
4760 NW 85th Ave Miami, FL	3.0	1.0–2.0	999	$3,032	$3.03	0d	17	0.31mi
8290 Lake Dr Doral, FL	1.0–2.0	1.0–2.0	873	$1,950	$2.23	3d	3	0.41mi
8290 Lake Dr Doral, FL	1.0–2.0	1.0–2.0	873	$2,000	$2.29	4d	3	0.41mi
4740 NW 84th Ct Unit 43A Doral, FL	—	1.0	600	$1,690	$2.82	14d	1	0.43mi
4740 NW 84th Ave Miami, FL	—	1.0	600	$1,690	$2.82	18d	1	0.43mi
8150 NW 53rd St Doral, FL	1.0–3.0	1.0–2.0	999	$2,467	$2.47	0d	19	0.53mi
8160 Geneva Ct Doral, FL	1.0	1.0	710	$1,950	$2.75	9d	4	0.58mi
8100 Geneva Ct Doral, FL	1.0–2.0	1.0–2.0	851	$2,000	$2.35	9d	1	0.65mi
8100 Geneva Ct Doral, FL	1.0–2.0	1.0–2.0	851	$1,875	$2.20	6d	2	0.65mi
8100 Geneva Ct #233 Doral, FL	1.0	1.0	710	$1,950	$2.75	19d	1	0.66mi
8100 Geneva Ct #345 Doral, FL	1.0	1.0	710	$2,000	$2.82	16d	1	0.66mi
8803 NW 41st St Unit 8803 Doral, FL	1.0	1.0	738	$2,259	$3.06	25d	1	0.67mi
8425 NW 41st St Doral, FL	1.0–3.0	1.0–2.0	991	$2,354	$2.38	0d	36	0.68mi
8800 NW 36th St #14 Doral, FL	1.0	1.0	706	$3,140	$4.45	22d	1	0.77mi
8902 Doral Blvd Unit 402 Doral, FL	1.0	1.0	720	$2,250	$3.12	9d	1	0.78mi
8800 Doral Blvd Doral, FL	3.0	1.0–2.0	977	$2,711	$2.77	0d	42	0.79mi
4400 NW 79th Ave Doral, FL	1.0–3.0	1.0–2.0	900	$2,270	$2.52	0d	6	0.86mi
3555 NW 83rd Ave Doral, FL	2.0	1.0–2.0	848	$2,582	$3.04	0d	32	0.95mi
8401 NW 34th Ter Doral, FL	2.0	1.0–2.0	840	$2,974	$3.54	0d	22	0.99mi
9400 NW 41st St Doral, FL	1.0	1.0	759	$2,511	$3.31	0d	9	1.01mi
3300 NW 87th Ave Unit 309 Doral, FL	—	1.0	520	$2,150	$4.13	9d	1	1.04mi
3450 NW 85th Ct Doral, FL	3.0	1.0–2.0	971	$2,581	$2.66	0d	28	1.04mi
3940 NW 79th Ave Doral, FL	3.0	1.0–3.0	1040	$2,907	$2.79	0d	1	1.05mi
9480 NW 41st St Unit 3542 Doral, FL	1.0	1.0	702	$2,257	$3.22	4d	1	1.05mi
3368 NW 84th Ave Miami, FL	1.0	1.0	700	$2,319	$3.31	9d	1	1.10mi
8430 NW 33rd Ter Unit 33 Doral, FL	1.0	1.0	715	$2,400	$3.36	9d	1	1.12mi
7902 NW 36th St Unit 705 Miami, FL	—	1.0	525	$2,150	$4.10	9d	1	1.13mi
10000 NW 45th Ter Doral, FL	1.0–3.0	1.0–3.0	1088	$2,125	$1.95	0d	21	1.40mi

HOA detail condo

• Monthly dues: $1,052 · $12,624/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-21
   days on market $118,000 Active 81 DOM
2. 2026-06-18
   days on market $118,000 Active 78 DOM
3. 2026-06-17
   days on market $118,000 Active 77 DOM
4. 2026-06-16
   days on market $118,000 Active 76 DOM
5. 2026-06-15
   days on market $118,000 Active 75 DOM
6. 2026-06-13
   days on market $118,000 Active 73 DOM
7. 2026-06-09
   days on market $118,000 Active 69 DOM
8. 2026-06-08
   days on market $118,000 Active 68 DOM
9. 2026-06-07
   days on market $118,000 Active 67 DOM
10. 2026-06-04
    days on market $118,000 Active 64 DOM
11. 2026-06-03
    days on market $118,000 Active 63 DOM
12. 2026-06-02
    days on market $118,000 Active 62 DOM
13. 2026-06-01
    days on market $118,000 Active 61 DOM
14. 2026-05-31
    days on market $118,000 Active 60 DOM
15. 2026-04-01
    listed $118,000 Active
16. 2024-11-08
    soldstatus $116,000
17. 2024-10-31
    soldstatus $116,000 Closed 564-char remark

    Show marketing remark (564 chars)

    High-performing short-term rental (AirBnb) investment in Doral - Over 100 reviews - Only 17 minutes from Miami Airport. This modern studio is equipped to host guests and is being sold fully furnished! The unit features a king-size bed, a large bathroom with his and her sinks, a separate shower, a spa tub, and a spacious balcony. Additionally, the unit includes a small kitchenette with a refrigerator, microwave, cooktop stove, dishwasher, and a washer and dryer inside the unit. NO HOA approval is needed!! average $150 per night! Average 20+ nights per month!

18. 2024-08-07
    price $134,000 564-char remark

    Show marketing remark (564 chars)

    High-performing short-term rental (AirBnb) investment in Doral - Over 100 reviews - Only 17 minutes from Miami Airport. This modern studio is equipped to host guests and is being sold fully furnished! The unit features a king-size bed, a large bathroom with his and her sinks, a separate shower, a spa tub, and a spacious balcony. Additionally, the unit includes a small kitchenette with a refrigerator, microwave, cooktop stove, dishwasher, and a washer and dryer inside the unit. NO HOA approval is needed!! average $150 per night! Average 20+ nights per month!

19. 2024-06-20
    listed $139,000 Active 564-char remark

    Show marketing remark (564 chars)

    High-performing short-term rental (AirBnb) investment in Doral - Over 100 reviews - Only 17 minutes from Miami Airport. This modern studio is equipped to host guests and is being sold fully furnished! The unit features a king-size bed, a large bathroom with his and her sinks, a separate shower, a spa tub, and a spacious balcony. Additionally, the unit includes a small kitchenette with a refrigerator, microwave, cooktop stove, dishwasher, and a washer and dryer inside the unit. NO HOA approval is needed!! average $150 per night! Average 20+ nights per month!

20. 2023-11-08
    historical
21. 2023-08-16
    price $170,000
22. 2023-07-31
    price $175,000
23. 2023-07-04
    listed $183,000 Active
24. 2023-03-01
    soldstatus $120,000
25. 2023-02-23
    soldstatus $120,000 Closed
26. 2023-02-20
    historical Active Under Contract
27. 2022-11-10
    listed $145,000 Active
28. 2019-08-04
    historical
29. 2019-05-23
    price $134,000
30. 2019-02-04
    price $155,000
31. 2019-01-30
    listed $155 Active
32. 2011-05-31
    soldstatus $148,500

ⓘ 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: $1,722 · $144/mo
• Projected year-2 tax: $1,722 · $144/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 1/10 Low FEMA zone AH · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 28 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: $29,836
• − Mortgage interest: −$6,610
• − Property taxes: −$1,722
• − Insurance: −$2,414
• − Repairs & maintenance: −$2,387
• − Management: −$2,387
• − HOA: −$12,624
• − Depreciation: −$3,433
• Taxable loss: −$1,741
• Est. tax savings @ 24.0%: +$418
• After-tax cash flow: $-198/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 — Doral

• Score: 80/100
• State rank: #122
• US rank: #1868

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Doral, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 67,789
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 67,789
• Household income: $96,653
• Rent vs Own: 48.5% rent · 51.5% own
• Severe rent burden: 3658.0

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 (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 34% White 11% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 8% Dominican 3% Salvadoran 2%
• Common ancestry: Estonian 2% Russian 1% Italian 1%
• Foreign-born: 69% · Canada, Jamaica, Dominican Republic
• Languages at home: 12% English-only · Spanish 82% Other Indo-European 4% Other Asian/Pacific 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: ▼ -0.26%
• Current HPI: 310.2015
• Rent YoY: ▼ -1.09%
• 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

-20.5% since first listed

18 events — show timeline

• 2026-04-01 Listed $118,000 MARMLS
• 2024-11-08 Sold (Public Records) $116,000 Public Records
• 2024-10-31 Sold (MLS) $116,000 MARMLS
• 2024-08-07 Price Changed $134,000 MARMLS
• 2024-06-20 Listed $139,000 MARMLS
• 2023-11-08 Listing Removed — MARMLS
• 2023-08-16 Price Changed $170,000 MARMLS
• 2023-07-31 Price Changed $175,000 MARMLS
• 2023-07-04 Listed $183,000 MARMLS
• 2023-03-01 Sold (Public Records) $120,000 Public Records
• 2023-02-23 Sold (MLS) $120,000 MARMLS
• 2023-02-20 Contingent — MARMLS
• 2022-11-10 Listed $145,000 MARMLS
• 2019-08-04 Listing Removed — MARMLS
• 2019-05-23 Price Changed $134,000 MARMLS
• 2019-02-04 Price Changed $155,000 MARMLS
• 2019-01-30 Listed $155 MARMLS
• 2011-05-31 Sold (Public Records) $148,500 Public Records

Property tax history

-5.4%/yr

Latest (2025): $1,722 · -15.1% YoY. Source: county tax records.