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2750 NE 183rd St #906
B+ Composite 76.17
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
  • Schools +4.2/10.0
  • Livability +4.0/5.0
  • Rent growth +2.7/5.0
  • Condition / age +2.5/5.0

$175,000

2750 NE 183rd St #906 · Aventura, FL 33160
1 bd · 1.5 ba · 870 sqft · Condo public records · 152 Days on market
Built 1971 $886/mo HOA · 25% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Discover this beautifully maintained unit in the heart of Aventura! Located at 2750 NE 183rd St #906, this spacious condo offers a large master bedroom plus a versatile den that can easily serve as a second bedroom or office. Just minutes from everything—shopping, dining, parks, and only about 4 miles from the beach. Enjoy a well-kept building with great amenities, assigned parking, and the convenience of living close to major attractions and everyday necessities. Internet and water are included with the HOA.

Key facts

  • Internet included
  • Water included
  • Minutes from parks

Tags

ASSIGNED PARKINGINTERNET INCLUDEDWATER INCLUDEDMINUTES FROM SHOPPINGMINUTES FROM DININGMINUTES FROM PARKS

Property features AI

Finance

  • Other: Association-managed amenities and services included
  • Financial info: Lease considered; Pets not allowed
  • HOA & community: Monthly association fee; Association fee covers amenities, cable TV, hot water, internet, grounds maintenance, structure maintenance, parking, pools, sewer, security, trash, and water; Association amenities include boat dock, fitness center, pool, storage, tennis courts, vehicle wash area, and elevators

Exterior

  • Parking: Assigned parking; Guest parking; One covered space (1 garage space)
  • Security: Complex fenced; Doorman; Security guard
  • Utilities: Cable available
  • Home design: Attached property; 9th floor entry; 23-story building
  • Construction: Block construction; Resale property
  • Exterior features: Tennis court(s); Association pool

Interior

  • Kitchen: Dishwasher
  • Flooring: Vinyl
  • Bathrooms: 1 full bathroom; 1 half bathroom
  • Heating & cooling: Central heating; Central air conditioning
  • Interior features: Elevator; Walk-in closet(s)

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.5-bath condo listed at $175k.

Deal economics

  • At list price, monthly cash flow is $287 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $175k).
  • Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
  • Cap rate 11.2% 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 flat; 1870 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
  • At $3,544/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 + $922 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 $49k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 152 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
  • 10 sale attempts since 9y ago; this cycle's ask has dropped $35k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $145k; 21% 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 25% 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 $154,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 152 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 1971 — 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. 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?
  10. 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.
  11. 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.
  12. 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
2.02%
Cap rate
11.19%
Cash-on-cash
17.48%
DSCR
1.78
GRM
4.1

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
4.8%
Equity multiple
1.23×
Total profit
$11,211
Equity at exit
$55,474
10-year hold
IRR
7.1%
Equity multiple
1.74×
Total profit
$36,470
Equity at exit
$70,524

Cash invested: $49,000 (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.

ZIP-level market 33160

Home prices YoY
0.2%
Rents YoY
0.9%
Active inventory
1870
Price-to-rent
4.1×

Monthly cashflow live

Estimated rent
$3,544 medium interval (Pro) →
Mortgage (P&I)
$918
Tax from tax record
$209 /mo · $2,510/yr
Insurance
$73
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$886
Vacancy / Maint / Mgmt
$744
Net cashflow
$287

Break-even live

Break-even rent $3,180
Max offer price $175,000
Occupancy floor 87%

Sensitivity live

Price -10% $386 -5% $337 +0% $287 +5% $238 +10% $188
Rent -10% $7 -5% $147 +0% $287 +5% $427 +10% $567
Rate -1.0pp $375 -0.5pp $332 base $287 +0.5pp $242 +1.0pp $196

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
$43,750
Closing costs
$5,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

HOA detail condo

Monthly dues
$886 · $10,632/yr
Likely covers
waterinternetparking
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 45 events

  1. 2026-06-15
    days on market $175,000 Active 152 DOM
  2. 2026-06-13
    days on market $175,000 Active 150 DOM
  3. 2026-06-09
    days on market $175,000 Active 146 DOM
  4. 2026-06-08
    days on market $175,000 Active 145 DOM
  5. 2026-06-07
    days on market $175,000 Active 144 DOM
  6. 2026-06-04
    days on market $175,000 Active 141 DOM
  7. 2026-06-03
    days on market $175,000 Active 140 DOM
  8. 2026-06-02
    days on market $175,000 Active 139 DOM
  9. 2026-06-01
    days on market $175,000 Active 138 DOM
  10. 2026-05-31
    days on market $175,000 Active 137 DOM
  11. 2026-02-20
    status Active
  12. 2026-02-20
    status Pending
  13. 2026-01-29
    status Active
  14. 2026-01-29
    status Pending
  15. 2026-01-21
    price $175,000
  16. 2026-01-12
    listed $210,000 Active
  17. 2024-09-24
    historical
  18. 2024-08-18
    listed $210,000 Active
  19. 2023-05-08
    historical
  20. 2023-03-15
    listed $270,000 Active
  21. 2019-01-30
    soldstatus $145,000
  22. 2019-01-25
    soldstatus $145,000 Sold
  23. 2019-01-21
    status Active
  24. 2018-12-13
    status Pending
  25. 2018-11-29
    status Active
  26. 2018-11-29
    status Pending
  27. 2018-11-08
    listed $149,000 Active
  28. 2018-08-29
    historical
  29. 2018-08-07
    price $149,000
  30. 2018-06-27
    price $162,000
  31. 2018-05-02
    listed $165,000 Active
  32. 2018-04-30
    historical
  33. 2018-01-28
    price $168,000
  34. 2018-01-06
    price $170,000
  35. 2017-10-23
    price $175,000
  36. 2017-09-17
    price $176,000
  37. 2017-08-14
    price $187,000
  38. 2017-07-07
    price $188,000
  39. 2017-05-19
    listed $189,000 Active
  40. 2004-08-13
    soldstatus $119,000
  41. 2001-10-17
    soldstatus $76,000
  42. 2000-12-06
    soldstatus $52,000
  43. 1997-05-27
    soldstatus $40,000
  44. 1995-03-21
    soldstatus $54,500
  45. 1989-05-19
    soldstatus $35,000

ⓘ 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
$2,510 · $209/mo
Projected year-2 tax
$2,510 · $209/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 8/10 Severe FEMA zone AE · 96% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$42,525
− Mortgage interest
−$9,803
− Property taxes
−$2,510
− Insurance
−$5,994
− Repairs & maintenance
−$3,402
− Management
−$3,402
− HOA
−$10,632
− Depreciation
−$5,091
Taxable income
$1,692
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$406
After-tax cash flow
$3,041/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)
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

Price history

+400.0% since first listed
35 events — show timeline
  • 2026-02-20 Relisted MARMLS
  • 2026-02-20 Pending MARMLS
  • 2026-01-29 Relisted MARMLS
  • 2026-01-29 Pending MARMLS
  • 2026-01-21 Price Changed $175,000 MARMLS
  • 2026-01-12 Listed $210,000 MARMLS
  • 2024-09-24 Listing Removed MARMLS
  • 2024-08-18 Listed $210,000 MARMLS
  • 2023-05-08 Listing Removed MARMLS
  • 2023-03-15 Listed $270,000 MARMLS
  • 2019-01-30 Sold (Public Records) $145,000 Public Records
  • 2019-01-25 Sold (MLS) $145,000 MARMLS
  • 2019-01-21 Relisted MARMLS
  • 2018-12-13 Pending MARMLS
  • 2018-11-29 Relisted MARMLS
  • 2018-11-29 Pending MARMLS
  • 2018-11-08 Listed $149,000 MARMLS
  • 2018-08-29 Listing Removed MARMLS
  • 2018-08-07 Price Changed $149,000 MARMLS
  • 2018-06-27 Price Changed $162,000 MARMLS
  • 2018-05-02 Listed $165,000 MARMLS
  • 2018-04-30 Listing Removed MARMLS
  • 2018-01-28 Price Changed $168,000 MARMLS
  • 2018-01-06 Price Changed $170,000 MARMLS
  • 2017-10-23 Price Changed $175,000 MARMLS
  • 2017-09-17 Price Changed $176,000 MARMLS
  • 2017-08-14 Price Changed $187,000 MARMLS
  • 2017-07-07 Price Changed $188,000 MARMLS
  • 2017-05-19 Listed $189,000 MARMLS
  • 2004-08-13 Sold (Public Records) $119,000 Public Records
  • 2001-10-17 Sold (Public Records) $76,000 Public Records
  • 2000-12-06 Sold (Public Records) $52,000 Public Records
  • 1997-05-27 Sold (Public Records) $40,000 Public Records
  • 1995-03-21 Sold (Public Records) $54,500 Public Records
  • 1989-05-19 Sold (Public Records) $35,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,510 · +6.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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