915 Jefferson Ave Unit 2C · Miami Beach, FL 33139

$224,900

1 bd · 1.0 ba · 630 sqft · Condo public records · 100 Days on market

Built 1969 $620/mo HOA · 17% 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 +28.9/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Appreciation +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0

Listing remarks MLS

REDUCED PRICE! Nicely updated One-bed/One-bath apartment. Tile floors thorough entire apartment. One covered parking space. Ready to move in; this is a great unit for investment or to live-in in highly desirable South Beach lifestyle; walk or bike to Washington Ave shops, Ocean Drive and the beaches. HURRY and make your offer now!

Key facts

• Washer and dryer
• Dishwasher
• Tree-lined street

Tags

• TREE-LINED STREET
• UPDATED FLOORING
• STAINLESS STEEL APPLIANCES
• GAS STOVE
• DISHWASHER
• WASHER AND DRYER

Property features AI

Finance

• Financial info: Pets allowed conditionally; restrictions may apply
• HOA & community: Monthly association fee of $620; Association includes laundry and elevators; Association fee covers hot water, parking, sewer, trash and water

Exterior

• Parking: Assigned attached garage with one covered space
• Security: Secured elevator; Smoke detectors
• Utilities: Water and sewer included in association; Trash included in association; Hot water included in association
• Home design: Block construction; 4-story building; Resale property
• Construction: Block construction
• Exterior features: No notable exterior features listed; Entry located on level 2; Property is attached

Interior

• Kitchen: Gas range; Dishwasher; Refrigerator
• Bedrooms: Bedroom located on the main level
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; Wall/window cooling units
• Interior features: Bedroom on main level; Breakfast area; First floor entry; Main living area on entry level; Tub with shower; Blinds and drapes
• Laundry & utility: Washer and dryer in common area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $225k.

Deal economics

• At list price, monthly cash flow is $334 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $225k).
• Recommended offer: $205k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 1.5% in 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 80/100 on livability (#108 in FL, #1,672 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: housing C-, amenities 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 soft (-0.4%/yr); 1208 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,707/mo this rent would consume 64% of the median local household income ($70k/yr) (locally 4052% 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 (-2.2%/yr); year-one equity from $2k of loan paydown is wiped out by about $5k 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 100 days — a 9% lower offer ($205k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $155k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 8→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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: 1.65% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.50%
• DSCR: 1.65
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.19% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -7.4%
• Equity multiple: 0.72×
• Total profit: $-17,577
• Equity at exit: $41,761

10-year hold

• IRR: -5.1%
• Equity multiple: 0.68×
• Total profit: $-20,206
• Equity at exit: $33,876

Cash invested: $62,972 (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 33139

• Home prices YoY: -0.8%
• Rents YoY: -0.4%
• Active inventory: 1208
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $3,707 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$274 /mo · $3,291/yr
• Insurance: −$94
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$620
• Vacancy / Maint / Mgmt: −$778
• Net cashflow: $334

Break-even live

Break-even rent $3,283

Max offer price $224,900

Occupancy floor 86%

Sensitivity live

Price	-10% $462	-5% $398	+0% $334	+5% $271	+10% $207
Rent	-10% $42	-5% $188	+0% $334	+5% $481	+10% $627
Rate	-1.0pp $448	-0.5pp $392	base $334	+0.5pp $276	+1.0pp $217

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1602 Meridian Ave Miami Beach, FL	4.0	1.0–3.0	917	$6,932	$7.56	15d	1	0.64mi
2201 Collins Ave Miami Beach, FL	1.0–3.0	1.0–2.0	1121	$22,000	$19.62	24d	2	1.36mi

HOA detail condo

• Monthly dues: $620 · $7,440/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 36 events

1. 2026-06-18
   days on market $224,900 Active 100 DOM
2. 2026-06-17
   days on market $224,900 Active 99 DOM
3. 2026-06-16
   days on market $224,900 Active 98 DOM
4. 2026-06-15
   days on market $224,900 Active 97 DOM
5. 2026-06-13
   days on market $224,900 Active 95 DOM
6. 2026-06-09
   days on market $224,900 Active 91 DOM
7. 2026-06-08
   days on market $224,900 Active 90 DOM
8. 2026-06-07
   days on market $224,900 Active 89 DOM
9. 2026-06-04
   pricedays on market $224,900 Active 86 DOM
10. 2026-06-03
    days on market $229,900 Active 85 DOM
11. 2026-06-02
    days on market $229,900 Active 84 DOM
12. 2026-06-01
    days on market $229,900 Active 83 DOM
13. 2026-05-31
    days on market $229,900 Active 82 DOM
14. 2026-05-21
    price $229,900
15. 2026-05-21
    price $229,000
16. 2026-04-29
    price $235,000
17. 2026-04-15
    price $245,000
18. 2026-03-10
    listed $255,000 Active
19. 2024-04-30
    historical $2,250
20. 2024-02-17
    price $2,250
21. 2024-01-22
    listed $2,350
22. 2020-10-26
    soldstatus $155,000
23. 2020-10-15
    soldstatus $155,000 Closed 332-char remark

    Show marketing remark (332 chars)

    REDUCED PRICE! Nicely updated One-bed/One-bath apartment. Tile floors thorough entire apartment. One covered parking space. Ready to move in; this is a great unit for investment or to live-in in highly desirable South Beach lifestyle; walk or bike to Washington Ave shops, Ocean Drive and the beaches. HURRY and make your offer now!

24. 2020-10-06
    status Pending 332-char remark

    Show marketing remark (332 chars)

    REDUCED PRICE! Nicely updated One-bed/One-bath apartment. Tile floors thorough entire apartment. One covered parking space. Ready to move in; this is a great unit for investment or to live-in in highly desirable South Beach lifestyle; walk or bike to Washington Ave shops, Ocean Drive and the beaches. HURRY and make your offer now!

25. 2020-07-31
    price $160,000 332-char remark

    Show marketing remark (332 chars)

    REDUCED PRICE! Nicely updated One-bed/One-bath apartment. Tile floors thorough entire apartment. One covered parking space. Ready to move in; this is a great unit for investment or to live-in in highly desirable South Beach lifestyle; walk or bike to Washington Ave shops, Ocean Drive and the beaches. HURRY and make your offer now!

26. 2020-07-07
    listed $169,990 Active 332-char remark

    Show marketing remark (332 chars)

    REDUCED PRICE! Nicely updated One-bed/One-bath apartment. Tile floors thorough entire apartment. One covered parking space. Ready to move in; this is a great unit for investment or to live-in in highly desirable South Beach lifestyle; walk or bike to Washington Ave shops, Ocean Drive and the beaches. HURRY and make your offer now!

27. 2020-02-17
    historical
28. 2019-10-26
    price $175,000
29. 2019-04-06
    price $187,000
30. 2018-12-20
    listed $195,000 Active
31. 2017-01-28
    historical
32. 2016-06-28
    status Active
33. 2016-05-19
    status Pending
34. 2016-01-27
    listed $199,000 Active
35. 1998-12-31
    soldstatus $48,500
36. 1986-02-01
    soldstatus $13,500

ⓘ 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: $3,291 · $274/mo
• Projected year-2 tax: $3,291 · $274/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥101°F today · 32 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,481
• − Mortgage interest: −$12,598
• − Property taxes: −$3,291
• − Insurance: −$6,243
• − Repairs & maintenance: −$3,558
• − Management: −$3,558
• − HOA: −$7,440
• − Depreciation: −$6,543
• Taxable income: $1,250
• Est. tax owed @ 24.0%: −$300
• After-tax cash flow: $3,713/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 — Miami Beach

• Score: 80/100
• State rank: #108
• US rank: #1672

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,533
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,753
• Household income: $69,793
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 4052.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 51% White 40% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 15% Salvadoran 3%
• Common ancestry: Lithuanian 3% Scotch-Irish 2% Romanian 2%
• Foreign-born: 56% · Canada, Jamaica, Dominican Republic
• Languages at home: 37% English-only · Spanish 49% Other Indo-European 5% French/Haitian/Cajun 3%

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: ▼ -2.19%
• Current HPI: 277.9321
• Rent YoY: ▼ -0.36%
• 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

+1603.0% since first listed

23 events — show timeline

• 2026-05-21 Price Changed $229,900 MARMLS
• 2026-05-21 Price Changed $229,000 MARMLS
• 2026-04-29 Price Changed $235,000 MARMLS
• 2026-04-15 Price Changed $245,000 MARMLS
• 2026-03-10 Listed $255,000 MARMLS
• 2024-04-30 Rental Removed $2,250 MARMLS
• 2024-02-17 Price Changed $2,250 MARMLS
• 2024-01-22 Listed for Rent $2,350 MARMLS
• 2020-10-26 Sold (Public Records) $155,000 Public Records
• 2020-10-15 Sold (MLS) $155,000 MARMLS
• 2020-10-06 Pending — MARMLS
• 2020-07-31 Price Changed $160,000 MARMLS
• 2020-07-07 Listed $169,990 MARMLS
• 2020-02-17 Listing Removed — MARMLS
• 2019-10-26 Price Changed $175,000 MARMLS
• 2019-04-06 Price Changed $187,000 MARMLS
• 2018-12-20 Listed $195,000 MARMLS
• 2017-01-28 Listing Removed — MARMLS
• 2016-06-28 Relisted — MARMLS
• 2016-05-19 Pending — MARMLS
• 2016-01-27 Listed $199,000 MARMLS
• 1998-12-31 Sold (Public Records) $48,500 Public Records
• 1986-02-01 Sold (Public Records) $13,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $3,291 · -8.6% YoY. Source: county tax records.