3750 NE 170th St #109 · North Miami Beach, FL 33160

$265,000

1 bd · 1.0 ba · 812 sqft · Condo public records · 48 Days on market

Built 1972 $539/mo HOA · 15% 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 +22.8/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• Appreciation +5.3/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This hidden gem community located in the man gated community of eastern shores, North Miami Beach. This is a first floor unit with 1 spacious bedroom and 1 full bath. Open kitchen with beautiful views of the water, sit in your balcony and enjoy MILLON DOLAR VIEW. The condo fees cover water, sewer, trash, cable, internet and all amenities including pool. walk or take courtesy bus to shopping, supermarket, ipic movie theatre, stores and more. This is a +55 verified community and association approval is required.

Key facts

• Canal view
• Updated kitchen
• $539 HOA

Tags

• UPDATED KITCHEN
• CANAL VIEW
• WELL MAINTAINED BUILDING
• QUIET RESIDENTIAL AREA
• EASY ACCESS TO MAIN ROADS
• PUBLIC TRANSPORTATION

Property features AI

Finance

• Other: Is waterfront
• Financial info: Pets conditional or not allowed with possible restrictions
• HOA & community: Monthly association fee; Association fee includes amenities, cable TV, internet, parking, pest control, recreation facilities, reserve fund, security, and trash; Association amenities include boat dock, marina, pier, fitness center, pool, and sauna

Exterior

• Parking: Assigned parking (one space); Covered parking (1 space); 1-car garage
• Security: Lobby secured; Security guard; Smoke detectors
• Utilities: Central air conditioning; Electric heating; Electric water heater
• Home design: Attached property; 4-story building; Entry on level 1; Updated/remodeled; Has a view
• Construction: Brick and block construction; Resale property
• Exterior features: Canal front with canal access; Association pool; Enclosed porch; Porch (screened)

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Trash compactor; Electric water heater
• Bedrooms: Bedroom located on the main level
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Electric heating
• Interior features: Bedroom on main level; First floor entry; Living/dining room; Enclosed porch; Screened porch
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $36 ($437/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $265k).
• Recommended offer: $257k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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.
• Market conditions: Rents flat; 1870 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,589/mo this rent would consume 64% of the median local household income ($67k/yr) (locally 3106% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $3k of equity ($2k loan paydown + $1k appreciation (0.5% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($257k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 16y 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 $169k; list at $265k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $257,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.35% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.49%
• DSCR: 1.33
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.53% appreciation · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.93×
• Total profit: $-5,439
• Equity at exit: $84,003

10-year hold

• IRR: 1.8%
• Equity multiple: 1.20×
• Total profit: $14,618
• Equity at exit: $106,794

Cash invested: $74,200 (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 33160

• Home prices YoY: 0.2%
• Rents YoY: 0.9%
• Active inventory: 1870
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $3,589 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$333 /mo · $4,002/yr
• Insurance: −$110
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$539
• Vacancy / Maint / Mgmt: −$754
• Net cashflow: $36

Break-even live

Break-even rent $3,543

Max offer price $265,000

Occupancy floor 94%

Sensitivity live

Price	-10% $186	-5% $111	+0% $36	+5% $-39	+10% $-114
Rent	-10% $-247	-5% $-105	+0% $36	+5% $178	+10% $320
Rate	-1.0pp $170	-0.5pp $104	base $36	+0.5pp $-32	+1.0pp $-102

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $539 · $6,468/yr
• Likely covers: watersewertrashinternetcablepoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 43 events

1. 2026-06-18
   days on market $265,000 Active 48 DOM
2. 2026-06-17
   days on market $265,000 Active 47 DOM
3. 2026-06-16
   days on market $265,000 Active 46 DOM
4. 2026-06-15
   days on market $265,000 Active 45 DOM
5. 2026-06-13
   days on market $265,000 Active 43 DOM
6. 2026-06-09
   days on market $265,000 Active 39 DOM
7. 2026-06-08
   days on market $265,000 Active 38 DOM
8. 2026-06-07
   days on market $265,000 Active 37 DOM
9. 2026-06-04
   days on market $265,000 Active 34 DOM
10. 2026-06-03
    days on market $265,000 Active 33 DOM
11. 2026-06-02
    days on market $265,000 Active 32 DOM
12. 2026-06-01
    days on market $265,000 Active 31 DOM
13. 2026-05-31
    days on market $265,000 Active 30 DOM
14. 2026-05-01
    listed $265,000 Active
15. 2025-02-24
    historical
16. 2025-02-22
    historical $2,100
17. 2025-02-20
    listed $2,100
18. 2025-02-20
    historical $2,100
19. 2025-02-19
    listed $2,100
20. 2025-02-19
    historical $2,100
21. 2025-02-18
    listed $2,100
22. 2025-02-18
    historical $2,100
23. 2025-02-16
    listed $2,100
24. 2025-02-15
    historical $2,100
25. 2025-01-07
    listed $2,100
26. 2024-11-23
    price $270,000
27. 2024-11-07
    listed $290,000 Active
28. 2022-11-10
    soldstatus $169,000
29. 2022-11-07
    soldstatus $177,500 Closed 515-char remark

    Show marketing remark (515 chars)

    This hidden gem community located in the man gated community of eastern shores, North Miami Beach. This is a first floor unit with 1 spacious bedroom and 1 full bath. Open kitchen with beautiful views of the water, sit in your balcony and enjoy MILLON DOLAR VIEW. The condo fees cover water, sewer, trash, cable, internet and all amenities including pool. walk or take courtesy bus to shopping, supermarket, ipic movie theatre, stores and more. This is a +55 verified community and association approval is required.

30. 2022-09-17
    historical Active Under Contract 515-char remark

    Show marketing remark (515 chars)

    This hidden gem community located in the man gated community of eastern shores, North Miami Beach. This is a first floor unit with 1 spacious bedroom and 1 full bath. Open kitchen with beautiful views of the water, sit in your balcony and enjoy MILLON DOLAR VIEW. The condo fees cover water, sewer, trash, cable, internet and all amenities including pool. walk or take courtesy bus to shopping, supermarket, ipic movie theatre, stores and more. This is a +55 verified community and association approval is required.

31. 2022-09-06
    listed $200,000 Active 515-char remark

    Show marketing remark (515 chars)

    This hidden gem community located in the man gated community of eastern shores, North Miami Beach. This is a first floor unit with 1 spacious bedroom and 1 full bath. Open kitchen with beautiful views of the water, sit in your balcony and enjoy MILLON DOLAR VIEW. The condo fees cover water, sewer, trash, cable, internet and all amenities including pool. walk or take courtesy bus to shopping, supermarket, ipic movie theatre, stores and more. This is a +55 verified community and association approval is required.

32. 2022-08-25
    soldstatus $100,000
33. 2017-08-04
    status Pending
34. 2017-08-04
    historical
35. 2017-08-01
    listed $108,000 Active
36. 2011-09-30
    soldstatus $55,000
37. 2011-09-28
    soldstatus $55,000
38. 2011-01-11
    historical
39. 2010-11-21
    listed $69,000
40. 2010-07-29
    soldstatus $60,000
41. 2010-07-19
    soldstatus $60,000
42. 2002-05-20
    soldstatus $61,000
43. 1972-05-01
    soldstatus $20,300

ⓘ 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: $4,002 · $333/mo
• Projected year-2 tax: $4,002 · $333/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°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: $43,072
• − Mortgage interest: −$14,844
• − Property taxes: −$4,002
• − Insurance: −$6,444
• − Repairs & maintenance: −$3,446
• − Management: −$3,446
• − HOA: −$6,468
• − Depreciation: −$7,709
• Taxable loss: −$3,286
• Est. tax savings @ 24.0%: +$789
• After-tax cash flow: $1,226/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
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 43,718
• Household income: $67,040
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 3106.0

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: Hispanic / Latino 46% White 44% Two or more races 27% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 8% Dominican 1% Salvadoran 4%
• Common ancestry: Scotch-Irish 8% Hispanic 3% Subsaharan African 3%
• Foreign-born: 61% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · Spanish 45% Russian/Polish/Slavic 12% Other Indo-European 5%

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: ▲ 0.53%
• Current HPI: 284.9293
• Rent YoY: ▲ 0.94%
• 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

+1205.4% since first listed

30 events — show timeline

• 2026-05-01 Listed $265,000 MARMLS
• 2025-02-24 Listing Removed — MARMLS
• 2025-02-22 Rental Removed $2,100 REALLYO
• 2025-02-20 Listed for Rent $2,100 REALLYO
• 2025-02-20 Rental Removed $2,100 REALLYO
• 2025-02-19 Listed for Rent $2,100 REALLYO
• 2025-02-19 Rental Removed $2,100 REALLYO
• 2025-02-18 Listed for Rent $2,100 REALLYO
• 2025-02-18 Rental Removed $2,100 REALLYO
• 2025-02-16 Listed for Rent $2,100 REALLYO
• 2025-02-15 Rental Removed $2,100 MARMLS
• 2025-01-07 Listed for Rent $2,100 MARMLS
• 2024-11-23 Price Changed $270,000 MARMLS
• 2024-11-07 Listed $290,000 MARMLS
• 2022-11-10 Sold (Public Records) $169,000 Public Records
• 2022-11-07 Sold (MLS) $177,500 MARMLS
• 2022-09-17 Contingent — MARMLS
• 2022-09-06 Listed $200,000 MARMLS
• 2022-08-25 Sold (Public Records) $100,000 Public Records
• 2017-08-04 Pending — MARMLS
• 2017-08-04 Listing Removed — MARMLS
• 2017-08-01 Listed $108,000 MARMLS
• 2011-09-30 Sold (Public Records) $55,000 Public Records
• 2011-09-28 Sold (MLS) $55,000 MARMLS
• 2011-01-11 Listing Removed — Beaches MLS
• 2010-11-21 Listed $69,000 Beaches MLS
• 2010-07-29 Sold (Public Records) $60,000 Public Records
• 2010-07-19 Sold (MLS) $60,000 MARMLS
• 2002-05-20 Sold (Public Records) $61,000 Public Records
• 1972-05-01 Sold (Public Records) $20,300 Public Records

Property tax history

+8.5%/yr

Latest (2025): $4,002 · +7.3% YoY. Source: county tax records.