2196 NE 167th St Unit 1-114 · North Miami Beach, FL 33162

$339,000

3 bd · 2.0 ba · 1,182 sqft · Condo public records · 504 Days on market

Built 2006 $530/mo HOA · 12% of rent

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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 +22.2/30.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful three bedroom two bathroom townhome in lovely area.

Key facts

• Custom storage
• Laminate flooring
• New kitchen

Tags

• NEW KITCHEN
• STAINLESS STEEL APPLIANCES
• QUARTZ COUNTER TOPS
• CUSTOM STORAGE
• SMOOTH TILE FLOORING
• LAMINATE FLOORING

Property features AI

Finance

• Other: Association pool
• Financial info: Pets allowed with restrictions
• HOA & community: Monthly association fee; Association fee covers cable TV and structure maintenance; Association amenities include a pool

Exterior

• Parking: Guest parking; One designated parking space; On-street parking
• Security: Complex fenced; Fire sprinkler system; Smoke detectors
• Utilities: Cable available; Public utilities
• Home design: 3 stories; Attached property; Entry on level 1
• Construction: Block construction; Resale property
• Exterior features: Balcony; Open patio

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal
• Bedrooms: Bedroom on main level
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Electric heating; Electric cooling; Ceiling fans
• Interior features: First-floor entry; Bedroom on main level; Updated/remodeled
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $339k.

Deal economics

• At list price, monthly cash flow is $551 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $339k).
• Recommended offer: $298k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 5.2% in North Miami Beach — 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 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.
• Zoned schools: Fulford Elementary School (math 40% / reading 35%, grade F, #1,596 of 2,144 statewide, top 75%, 461 students, 64% FRL); John F. Kennedy Middle School (math 47% / reading 55%, grade C, #237 of 571 statewide, top 43%, 1,074 students, 67% FRL); North Miami Beach Senior High (math 13% / reading 24%, grade F, #568 of 667 statewide, top 85%, 1,149 students, 66% FRL) — zoned schools at 66% FRL track the district average.
• Zoned-school proficiency averages 36% at this address vs 50% district-wide (-14 pts) — the specific schools serving this property underperform the Miami-Dade average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.6%/yr); 287 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,381/mo this rent would consume 87% 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 $10k 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 504 days — a 12% lower offer ($298k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $60k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; list at $339k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $298,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 504 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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. 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.
8. 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.
9. 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: 1.29% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.96%
• DSCR: 1.31
• GRM: 6.4

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: -9.6%
• Equity multiple: 0.66×
• Total profit: $-32,290
• Equity at exit: $50,546

10-year hold

• IRR: -6.0%
• Equity multiple: 0.67×
• Total profit: $-30,896
• Equity at exit: $29,311

Cash invested: $94,920 (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: 287
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $4,381 medium
• Mortgage (P&I): −$1,778
• Tax from tax record: −$462 /mo · $5,538/yr
• Insurance: −$141
• HOA: −$530
• Vacancy / Maint / Mgmt: −$920
• Net cashflow: $551

Break-even live

Break-even rent $3,684

Max offer price $339,000

Occupancy floor 82%

Sensitivity live

Price	-10% $742	-5% $647	+0% $551	+5% $455	+10% $359
Rent	-10% $204	-5% $378	+0% $551	+5% $724	+10% $897
Rate	-1.0pp $721	-0.5pp $637	base $551	+0.5pp $463	+1.0pp $373

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: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $530 · $6,360/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-22
   days on market $339,000 Active 504 DOM
2. 2026-06-18
   days on market $339,000 Active 501 DOM
3. 2026-06-17
   days on market $339,000 Active 500 DOM
4. 2026-06-16
   days on market $339,000 Active 499 DOM
5. 2026-06-15
   days on market $339,000 Active 498 DOM
6. 2026-06-13
   days on market $339,000 Active 496 DOM
7. 2026-06-09
   days on market $339,000 Active 492 DOM
8. 2026-06-08
   days on market $339,000 Active 491 DOM
9. 2026-06-08
   days on market $339,000 Active 490 DOM
10. 2026-06-04
    days on market $339,000 Active 487 DOM
11. 2026-06-01
    days on market $339,000 Active 486 DOM
12. 2026-05-31
    days on market $339,000 Active 485 DOM
13. 2026-05-26
    price $339,000
14. 2026-02-11
    price $349,999
15. 2025-09-02
    price $354,999
16. 2025-07-15
    price $359,999
17. 2025-07-15
    status Active
18. 2025-07-14
    historical
19. 2025-07-02
    price $379,000
20. 2025-04-18
    price $389,999
21. 2025-03-11
    price $394,999
22. 2025-01-29
    listed $399,000 Active
23. 2023-09-07
    historical
24. 2012-11-19
    soldstatus $130,000
25. 2012-10-18
    soldstatus $95,000 61-char remark

    Show marketing remark (61 chars)

    Beautiful three bedroom two bathroom townhome in lovely area.

26. 2012-10-18
    soldstatus $95,000

    Show marketing remark (61 chars)

    Beautiful three bedroom two bathroom townhome in lovely area.

ⓘ 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: $5,538 · $462/mo
• Projected year-2 tax: $5,538 · $462/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 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: $52,574
• − Mortgage interest: −$18,989
• − Property taxes: −$5,538
• − Insurance: −$1,695
• − Repairs & maintenance: −$4,206
• − Management: −$4,206
• − HOA: −$6,360
• − Depreciation: −$9,862
• Taxable income: $1,718
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $6,195/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

+256.8% since first listed

14 events — show timeline

• 2026-05-26 Price Changed $339,000 MARMLS
• 2026-02-11 Price Changed $349,999 MARMLS
• 2025-09-02 Price Changed $354,999 MARMLS
• 2025-07-15 Price Changed $359,999 MARMLS
• 2025-07-15 Relisted — MARMLS
• 2025-07-14 Listing Removed — MARMLS
• 2025-07-02 Price Changed $379,000 MARMLS
• 2025-04-18 Price Changed $389,999 MARMLS
• 2025-03-11 Price Changed $394,999 MARMLS
• 2025-01-29 Listed $399,000 MARMLS
• 2023-09-07 Rental Removed — MARMLS
• 2012-11-19 Sold (Public Records) $130,000 Public Records
• 2012-10-18 Sold (MLS) $95,000 MARMLS
• 2012-10-18 Sold (Public Records) $95,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $5,538 · -0.2% YoY. Source: county tax records.