1301 NE 191st St Unit F110 · Ojus, FL 33179

$149,000

1 bd · 1.0 ba · 898 sqft · Condo public records · 219 Days on market

Built 1970 $406/mo HOA · 12% 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 +4.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Fully remodeled 55+ condo, ready to move in! Convenience first floor with a large enclosed balcony as part of the living room with A/C, creating extra space and comfort. Back door with direct access to the pool and garden. Modern Kitchen with a granite countertop, bathroom with shower, new A/C and water heater, ceramic floor, assigned parking. Steps from the Bus stop & free trolley running all day. near Aventura, beaches. Well-maintained community. Come see it today!

Key facts

• Fully remodeled
• Garden view
• Modern kitchen

Tags

• FULLY REMODELED
• MODERN KITCHEN
• GARDEN VIEW
• ASSIGNED PARKING
• FIRST-FLOOR LOCATION
• WELL-MAINTAINED COMMUNITY

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee of $406; Association covers management, laundry, grounds maintenance, structure maintenance, parking, sewer, trash and water; Community amenities include laundry, trash service and elevators; Community of 80 units; Senior community

Exterior

• Parking: Assigned parking; Guest parking available; One covered space / 1-car garage
• Security: Closed-circuit camera(s)
• Utilities: Water included in association; Sewer included in association; Trash service included in association; Power: central heating/cooling (electric)
• Home design: 4-story building; First-floor entry; Updated/remodeled condition
• Construction: Block construction; Year built not specified
• Exterior features: Exterior lighting; No additional exterior features listed

Interior

• Bedrooms: Main-level bedroom
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bedroom on main level; Closet cabinetry; First floor entry; Living/dining room; Walk-in closet(s)
• Laundry & utility: Common area laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $149k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.5% vs local median 8.7% in Ojus — 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 83/100 on livability (#58 in FL, #1,031 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D+, amenities 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; 572 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,283/mo this rent would consume 60% of the median local household income ($65k/yr) (locally 3123% 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 $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 0.2% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 219 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.

Recommended offer $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 219 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.20% ✓
• Cap rate: 15.51%
• Cash-on-cash: 32.93%
• DSCR: 2.47
• GRM: 3.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.22% rent growth · sell at horizon

5-year hold

• IRR: 24.4%
• Equity multiple: 1.96×
• Total profit: $40,136
• Equity at exit: $22,216

10-year hold

• IRR: 30.1%
• Equity multiple: 3.29×
• Total profit: $95,399
• Equity at exit: $12,883

Cash invested: $41,720 (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 33179

• Rents YoY: 0.2%
• Active inventory: 572
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $3,283 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$199 /mo · $2,391/yr
• Insurance: −$62
• HOA: −$406
• Vacancy / Maint / Mgmt: −$689
• Net cashflow: $1,145

Break-even live

Break-even rent $1,834

Max offer price $149,000

Occupancy floor 60%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $406 · $4,872/yr
• Likely covers: waterpoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $149,000 Active 219 DOM
2. 2026-06-17
   days on market $149,000 Active 218 DOM
3. 2026-06-16
   days on market $149,000 Active 217 DOM
4. 2026-06-15
   days on market $149,000 Active 216 DOM
5. 2026-06-13
   days on market $149,000 Active 214 DOM
6. 2026-06-09
   days on market $149,000 Active 210 DOM
7. 2026-06-08
   days on market $149,000 Active 209 DOM
8. 2026-06-08
   days on market $149,000 Active 208 DOM
9. 2026-06-04
   days on market $149,000 Active 205 DOM
10. 2026-06-03
    days on market $149,000 Active 204 DOM
11. 2026-06-02
    days on market $149,000 Active 203 DOM
12. 2026-06-01
    days on market $149,000 Active 202 DOM
13. 2026-05-31
    days on market $149,000 Active 201 DOM
14. 2025-11-11
    listed $149,000 Active
15. 2006-06-08
    soldstatus $150,000
16. 2004-05-10
    soldstatus $57,000
17. 1984-12-01
    soldstatus $30,000

ⓘ 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: $2,391 · $199/mo
• Projected year-2 tax: $2,391 · $199/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $39,394
• − Mortgage interest: −$8,346
• − Property taxes: −$2,391
• − Insurance: −$745
• − Repairs & maintenance: −$3,152
• − Management: −$3,152
• − HOA: −$4,872
• − Depreciation: −$4,335
• Taxable income: $12,402
• Est. tax owed @ 24.0%: −$2,976
• After-tax cash flow: $10,760/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 — Ojus

• Score: 83/100
• State rank: #58
• US rank: #1031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ojus, FL
• County: Miami-Dade County · 2,697,751 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 51,591
• Household income: $65,211
• Rent vs Own: 43.3% rent · 56.7% own
• Severe rent burden: 3123.0

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 0.67)
• Race & ethnicity: Black 39% Hispanic / Latino 38% Two or more races 23% White 19% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 6% Dominican 3% Salvadoran 3%
• Common ancestry: Hispanic 13% Scotch-Irish 2% Romanian 2%
• Foreign-born: 48% · Canada, Jamaica, Dominican Republic
• Languages at home: 42% English-only · Spanish 37% French/Haitian/Cajun 13% 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: ▼ -608.34%
• Current HPI: 328.1733
• Rent YoY: ▲ 0.22%
• 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

+396.7% since first listed

4 events — show timeline

• 2025-11-11 Listed $149,000 MARMLS
• 2006-06-08 Sold (Public Records) $150,000 Public Records
• 2004-05-10 Sold (Public Records) $57,000 Public Records
• 1984-12-01 Sold (Public Records) $30,000 Public Records

Property tax history

+10.9%/yr

Latest (2025): $2,391 · +6.9% YoY. Source: county tax records.