20400 W Country Club Dr #214 · Aventura, FL 33180

$153,000

1 bd · 1.0 ba · 717 sqft · Condo public records · 20 Days on market

Built 1972 $633/mo HOA · 20% 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 +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

UNIQUE CORNER UNIT FOR SALE IN THE HEART OF AVENTURA!!! The unit offers a very spacious bedroom with walk-in closet and bathroom, new wood flooring throughout the property, great kitchen, living room with plenty of space for dining area, large screened balcony, and lots of storage space. Enjoy the resort lifestyle of living in the desired adult community Biscaya IV Condo. Gated Community with elevator hall 24h security system. Beautiful amenities including, gym, club house, large pool with BBQ area, game room, pool table, and library. Only a few minutes from Beaches, Aventura Mall, Target, Publix Whole Foods, several restaurants, entertainment, banks, pharmacies, and Aventura Hospital. Water and basic cable are included in the HOA fee. Come and see it!

Key facts

• Gated community
• Clubhouse
• Exercise room

Tags

• BISCAYA CONDO
• GATED COMMUNITY
• NEW APPLIANCES
• CLUBHOUSE
• SWIMMING POOL
• EXERCISE ROOM

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee ($633); Association covers management, cable TV, insurance, grounds maintenance, parking, and pool(s); Community amenities include clubhouse, elevators, fitness center, pool, and trash service; Senior community

Exterior

• Parking: Assigned covered parking for one vehicle; 1-car garage
• Security: Key card entry
• Home design: Attached property; 8-story building; Entry on level 2
• Construction: Block construction; Resale property
• Exterior features: Balcony (screened); Exterior lighting; Heated pool

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Bedroom on main level; Storage room
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Accessibility features; Elevator; Split bedrooms; Separate shower

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $153k.

Deal economics

• At list price, monthly cash flow is $369 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $153k).
• Recommended offer: $151k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 2.6% in Aventura — 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 (#127 in FL, #1,834 nationally) — a professional / high-income tenant draw. Strengths: schools A+, health & safety A+, amenities A; Watch: crime 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 soft (-1.5%/yr); 985 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 ($91k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($151k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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.
• Current owner paid $105k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 20% of rent.
• 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,705 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D 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?
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: 2.06% ✓
• Cap rate: 12.53%
• Cash-on-cash: 22.28%
• DSCR: 1.99
• GRM: 4.0

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: -6.5%
• Equity multiple: 0.77×
• Total profit: $-9,843
• Equity at exit: $22,813

10-year hold

• IRR: -5.3%
• Equity multiple: 0.74×
• Total profit: $-11,180
• Equity at exit: $13,229

Cash invested: $42,840 (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 33180

• Rents YoY: -1.5%
• Active inventory: 985
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,152 medium
• Mortgage (P&I): −$802
• Tax from tax record: −$196 /mo · $2,351/yr
• Insurance: −$64
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$633
• Vacancy / Maint / Mgmt: −$662
• Net cashflow: $369

Break-even live

Break-even rent $2,685

Max offer price $153,000

Occupancy floor 83%

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1180 E Hallandale Beach Blvd Unit 1241877P Hallandale Beach, FL	1.0–2.0	1.0–2.0	844	$2,465	$2.92	3d	2	1.28mi

HOA detail condo

• Monthly dues: $633 · $7,596/yr
• Likely covers: watercablepoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-18
   days on market $153,000 Active 20 DOM
2. 2026-06-17
   days on market $153,000 Active 19 DOM
3. 2026-06-16
   days on market $153,000 Active 18 DOM
4. 2026-06-15
   days on market $153,000 Active 17 DOM
5. 2026-06-13
   days on market $153,000 Active 15 DOM
6. 2026-06-09
   days on market $153,000 Active 11 DOM
7. 2026-06-08
   days on market $153,000 Active 10 DOM
8. 2026-06-07
   days on market $153,000 Active 9 DOM
9. 2026-06-04
   days on market $153,000 Active 6 DOM
10. 2026-06-03
    days on market $153,000 Active 5 DOM
11. 2026-06-02
    days on market $153,000 Active 4 DOM
12. 2026-06-01
    days on market $153,000 Active 3 DOM
13. 2026-05-31
    days on market $153,000 Active 2 DOM

ⓘ 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: $2,351 · $196/mo
• Projected year-2 tax: $2,351 · $196/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 7/10 Severe FEMA zone AE · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 26 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: $37,827
• − Mortgage interest: −$8,570
• − Property taxes: −$2,351
• − Insurance: −$5,884
• − Repairs & maintenance: −$3,026
• − Management: −$3,026
• − HOA: −$7,596
• − Depreciation: −$4,451
• Taxable income: $2,923
• Est. tax owed @ 24.0%: −$702
• After-tax cash flow: $3,723/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 — Aventura

• Score: 80/100
• State rank: #127
• US rank: #1834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aventura, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 34,147
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 34,147
• Household income: $91,055
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1838.0

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 45% Two or more races 28% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 7% Dominican 1% Salvadoran 6%
• Common ancestry: Scotch-Irish 5% Romanian 5% Italian 3%
• Foreign-born: 52% · Canada, Jamaica, Dominican Republic
• Languages at home: 30% English-only · Spanish 49% Other Indo-European 6% Russian/Polish/Slavic 4%

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: ▼ -343.81%
• Current HPI: 234.7715
• Rent YoY: ▼ -1.51%
• 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

+709.5% since first listed

21 events — show timeline

• 2026-05-29 Listed $153,000 MARMLS
• 2021-03-23 Sold (Public Records) $105,000 Public Records
• 2021-03-10 Sold (MLS) $105,000 MARMLS
• 2021-02-08 Contingent — MARMLS
• 2021-01-19 Price Changed $119,000 MARMLS
• 2020-12-04 Price Changed $128,000 MARMLS
• 2020-10-17 Relisted — MARMLS
• 2020-10-12 Pending — MARMLS
• 2020-07-29 Price Changed $135,000 MARMLS
• 2020-07-08 Price Changed $144,400 MARMLS
• 2020-06-18 Price Changed $156,900 MARMLS
• 2020-06-03 Listed $162,900 MARMLS
• 2019-10-18 Contingent — MARMLS
• 2019-05-19 Listing Removed — MARMLS
• 2019-04-02 Pending — MARMLS
• 2019-02-20 Price Changed $119,000 MARMLS
• 2018-07-19 Listed $135,000 MARMLS
• 2016-01-11 Listing Removed — MARMLS
• 2015-06-30 Listed $149,999 MARMLS
• 2001-01-08 Sold (Public Records) $48,500 Public Records
• 1972-11-01 Sold (Public Records) $18,900 Public Records

Property tax history

+15.0%/yr

Latest (2025): $2,351 · -3.4% YoY. Source: county tax records.