17570 Atlantic Blvd #104 · Sunny Isles Beach, FL 33160

$197,000

1 bd · 1.0 ba · 536 sqft · Condo public records · 155 Days on market

Built 1973 $484/mo HOA · 14% 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
• Appreciation +5.3/10.0
• Livability +4.3/5.0
• Schools +4.2/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

Centrally located in Sunny Isles Beach. Easy access to the beach, multiple parks, fishing pier, yacht and boat rentals, restaurants, shops, activities, and events. Amenities include a clubhouse with a pool and a fitness center. This unit has ample natural light and a relaxed feel. Its location is super convenient if dragging groceries through elevators is not your thing. Though fine as they are, kitchen and bathroom may be quickly altered to suit your unique needs and wants. Nicely appointed walk-in closet. All building entrances are wheelchair accessible. A service or emotional support animal is permitted by law. Great for minimalist and mindful lifestyles or as an investment property.

Key facts

• Fishing pier
• Centrally located
• Multiple parks

Tags

• CENTRALLY LOCATED
• EASY ACCESS TO THE BEACH
• MULTIPLE PARKS
• FISHING PIER
• YACHT AND BOAT RENTALS
• CLUBHOUSE WITH A POOL

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association fee covers cable TV, hot water, insurance, internet, legal/accounting, grounds maintenance, pest control, pool(s), roof, sewer, security, trash and water; Community amenities include billiard room, bike storage, clubhouse, fitness center, laundry, barbecue/picnic area, pool, storage, trash service and elevators

Exterior

• Parking: Assigned parking (one space)
• Security: Closed-circuit cameras; Complex fenced; Security guard
• Utilities: Water and sewer included in association; Power available
• Home design: Condominium with attached property; 5-story building; Entry on first level
• Construction: Block construction; Effective year built
• Exterior features: Awning(s); Fence; Exterior lighting; Association heated pool

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First-floor entry; Bedroom on main level; Closet cabinetry; Handicap access; Walk-in closet(s); Ceramic tile flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $197k.

Deal economics

• At list price, monthly cash flow is $714 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $197k).
• Recommended offer: $173k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 0.8% in Sunny Isles 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 86/100 on livability (#20 in FL, #434 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, health & safety A+; Watch: housing C-, 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 flat; 1870 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,529/mo this rent would consume 63% 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 $2k of equity ($1k 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.
• At projected returns (0.5% appreciation + 0.9% rent growth), your $55k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — 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. 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: 1.79% ✓
• Cap rate: 13.24%
• Cash-on-cash: 24.81%
• DSCR: 2.10
• GRM: 4.7

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: 14.2%
• Equity multiple: 1.69×
• Total profit: $37,952
• Equity at exit: $62,448

10-year hold

• IRR: 16.5%
• Equity multiple: 2.76×
• Total profit: $96,906
• Equity at exit: $79,390

Cash invested: $55,160 (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: 4.7×

Monthly cashflow live

• Estimated rent: $3,529 medium
• Mortgage (P&I): −$1,033
• Tax from tax record: −$48 /mo · $579/yr
• Insurance: −$82
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$484
• Vacancy / Maint / Mgmt: −$741
• Net cashflow: $714

Break-even live

Break-even rent $2,625

Max offer price $197,000

Occupancy floor 75%

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: $49,250
• Closing costs: $5,910
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $484 · $5,808/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $197,000 Active 155 DOM
2. 2026-06-17
   days on market $197,000 Active 154 DOM
3. 2026-06-16
   days on market $197,000 Active 153 DOM
4. 2026-06-15
   days on market $197,000 Active 152 DOM
5. 2026-06-13
   days on market $197,000 Active 150 DOM
6. 2026-06-09
   days on market $197,000 Active 146 DOM
7. 2026-06-08
   days on market $197,000 Active 145 DOM
8. 2026-06-07
   days on market $197,000 Active 144 DOM
9. 2026-06-04
   days on market $197,000 Active 141 DOM
10. 2026-06-03
    days on market $197,000 Active 140 DOM
11. 2026-06-02
    days on market $197,000 Active 139 DOM
12. 2026-06-01
    days on market $197,000 Active 138 DOM
13. 2026-05-31
    days on market $197,000 Active 137 DOM
14. 2026-03-21
    price $197,000
15. 2026-01-12
    listed $205,000 Active
16. 2026-01-03
    historical
17. 2025-10-03
    listed $215,000
18. 2018-12-16
    historical
19. 2017-12-16
    listed $179,000 Active
20. 2005-09-01
    soldstatus $175,000
21. 1981-07-01
    soldstatus $38,000
22. 1973-11-01
    soldstatus $20,900

ⓘ 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: $579 · $48/mo
• Projected year-2 tax: $1,635 · $136/mo
• Expected delta: +$1,056/yr (+$88/mo · 182.3%)

ⓘ 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 · 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,346
• − Mortgage interest: −$11,035
• − Property taxes: −$579
• − Insurance: −$6,104
• − Repairs & maintenance: −$3,388
• − Management: −$3,388
• − HOA: −$5,808
• − Depreciation: −$5,731
• Taxable income: $6,314
• Est. tax owed @ 24.0%: −$1,515
• After-tax cash flow: $7,050/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 — Sunny Isles Beach

• Score: 86/100
• State rank: #20
• US rank: #434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunny Isles 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

+842.6% since first listed

9 events — show timeline

• 2026-03-21 Price Changed $197,000 MARMLS
• 2026-01-12 Listed $205,000 MARMLS
• 2026-01-03 Listing Removed — Beaches MLS
• 2025-10-03 Listed $215,000 Beaches MLS
• 2018-12-16 Listing Removed — MARMLS
• 2017-12-16 Listed $179,000 MARMLS
• 2005-09-01 Sold (Public Records) $175,000 Public Records
• 1981-07-01 Sold (Public Records) $38,000 Public Records
• 1973-11-01 Sold (Public Records) $20,900 Public Records

Property tax history

+0.2%/yr

Latest (2025): $579 · +2.1% YoY. Source: county tax records.