244 Biscayne Blvd #644 · Miami, FL 33132

$350,000

1 bd · 2.0 ba · 978 sqft · Condo public records · 385 Days on market

Built 2008 $1196/mo HOA · 26% 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 +13.3/30.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +4.0/10.0
• Livability +3.9/5.0
• Appreciation +3.7/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

Very nice two-story loft; 1 Bedroom, 1 Full Bath upstairs 1/2 Bath downstairs with 18' floor to ceiling windows; Lounge in the tropical pool while your friends enjoy a massage at the spa or a drink at the wet bar. Building is located directly in front of BAYSIDE; Amenities include: 2 Pools, pool table, media room, conference room, Wi-Fi lounge, running track.

Key facts

• Tropical pool
• Wet bar
• Two story loft

Tags

• TWO STORY LOFT
• FLOOR TO CEILING WINDOWS
• TROPICAL POOL
• WET BAR
• MEDIA ROOM
• CONFERENCE ROOM

Property features AI

Finance

• Other: Pets allowed with restrictions or conditional; some properties do not allow pets
• HOA & community: Monthly association fee; Association amenities include fitness center, pool, billiard room, business center, and elevators; Association covers management, amenities, hot water, structure maintenance, and sewer

Exterior

• Parking: One parking space; Valet parking
• Security: Secured elevator; Secured lobby
• Utilities: Hot water included in association; Sewer included in association
• Home design: Condominium (attached property); 6th-floor entry; 38-story building
• Construction: Block construction; Resale property
• Exterior features: Balcony (open); Association pool

Interior

• Kitchen: Electric range; Dishwasher; Microwave; Garbage disposal; Refrigerator
• Bedrooms: Upper-level primary bedroom
• Flooring: Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First floor entry; Upper-level primary bedroom; Other interior features
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $350k.

Deal economics

• At list price, monthly cash flow is $-65 ($-785/yr) — negative.
• To cash-flow at today's rent, offer at most $338k (3.3% below list).
• Meets the 1% rule at list price ($5k rent vs $350k).
• Recommended offer: $308k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 1.9% in Miami — 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 78/100 on livability (#177 in FL, #2,724 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, 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; 869 active listings in the ZIP; solid renter incomes; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,643/mo this rent would consume 51% of the median local household income ($109k/yr) (locally 2260% 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 (-2.5%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 385 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 13y ago; this cycle's ask has dropped $50k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $303k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 26% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $308,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 385 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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 B-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 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?
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: 1.33% ✓
• Cap rate: 6.30%
• Cash-on-cash: 0.01%
• DSCR: 1.00
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.52% appreciation · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.35×
• Total profit: $-63,343
• Equity at exit: $59,619

10-year hold

• IRR: -17.2%
• Equity multiple: 0.07×
• Total profit: $-91,388
• Equity at exit: $43,185

Cash invested: $98,000 (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.

Methodology + full state rankings →

ZIP-level market 33132

• Home prices YoY: -0.8%
• Rents YoY: 0.7%
• Active inventory: 869
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $4,643 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$490 /mo · $5,879/yr
• Insurance: −$146
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$1,196
• Vacancy / Maint / Mgmt: −$975
• Net cashflow: $-65

Break-even live

Break-even rent $4,726

Max offer price $338,441

Occupancy floor 96%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $1,196 · $14,352/yr
• Likely covers: internetpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 42 events

1. 2026-06-18
   days on market $350,000 Active 385 DOM
2. 2026-06-17
   days on market $350,000 Active 384 DOM
3. 2026-06-16
   days on market $350,000 Active 383 DOM
4. 2026-06-15
   days on market $350,000 Active 382 DOM
5. 2026-06-13
   days on market $350,000 Active 380 DOM
6. 2026-06-09
   days on market $350,000 Active 376 DOM
7. 2026-06-08
   days on market $350,000 Active 375 DOM
8. 2026-06-08
   days on market $350,000 Active 374 DOM
9. 2026-06-04
   days on market $350,000 Active 371 DOM
10. 2026-06-03
    days on market $350,000 Active 370 DOM
11. 2026-06-02
    days on market $350,000 Active 369 DOM
12. 2026-06-01
    days on market $350,000 Active 368 DOM
13. 2026-05-31
    days on market $350,000 Active 367 DOM
14. 2026-03-04
    price $350,000
15. 2025-08-20
    price $380,000
16. 2025-05-29
    listed $400,000 Active
17. 2025-05-19
    historical
18. 2024-10-23
    price $400,000
19. 2024-09-16
    historical $2,600
20. 2024-08-31
    price $2,600
21. 2024-08-30
    price $411,000
22. 2024-08-20
    price $415,000
23. 2024-07-14
    price $2,800
24. 2024-07-12
    price $430,000
25. 2024-06-17
    price $450,000
26. 2024-05-24
    listed $2,900
27. 2024-05-24
    listed $420,000 Active
28. 2023-06-01
    historical
29. 2021-12-31
    historical
30. 2021-05-10
    status Active
31. 2021-05-05
    historical Active Under Contract
32. 2021-05-03
    listed $365,000 Active
33. 2017-02-13
    historical
34. 2016-02-16
    listed $365,000 Active
35. 2014-08-25
    soldstatus $303,000
36. 2014-08-21
    soldstatus $303,000 Sold
37. 2014-02-03
    status Pending
38. 2014-02-03
    price $319,000
39. 2014-01-02
    price $335,000
40. 2013-09-05
    listed $359,000 Active
41. 2012-03-02
    soldstatus $209,000
42. 2012-02-23
    soldstatus $209,000

ⓘ 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: $5,879 · $490/mo
• Projected year-2 tax: $5,879 · $490/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 7/10 Severe FEMA zone X (shaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥103°F today · 22 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: $55,719
• − Mortgage interest: −$19,605
• − Property taxes: −$5,879
• − Insurance: −$2,548
• − Repairs & maintenance: −$4,458
• − Management: −$4,458
• − HOA: −$14,352
• − Depreciation: −$10,182
• Taxable loss: −$5,761
• Est. tax savings @ 24.0%: +$1,383
• After-tax cash flow: $598/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

• Score: 78/100
• State rank: #177
• US rank: #2724

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 827,308
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 20,253
• Household income: $109,109
• Rent vs Own: 74.3% rent · 25.7% own
• Severe rent burden: 2260.0

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 0.63)
• Race & ethnicity: Hispanic / Latino 53% Two or more races 39% White 29% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 9% Dominican 2% Salvadoran 1%
• Common ancestry: Estonian 2% Scotch-Irish 2% Romanian 1%
• Foreign-born: 50% · Canada, Jamaica, Dominican Republic
• Languages at home: 35% English-only · Spanish 49% Other Indo-European 6% Other Asian/Pacific 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: ▼ -2.52%
• Current HPI: 294.3744
• Rent YoY: ▲ 0.74%
• 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

+67.5% since first listed

29 events — show timeline

• 2026-03-04 Price Changed $350,000 MARMLS
• 2025-08-20 Price Changed $380,000 MARMLS
• 2025-05-29 Listed $400,000 MARMLS
• 2025-05-19 Listing Removed — MARMLS
• 2024-10-23 Price Changed $400,000 MARMLS
• 2024-09-16 Rental Removed $2,600 MARMLS
• 2024-08-31 Price Changed $2,600 MARMLS
• 2024-08-30 Price Changed $411,000 MARMLS
• 2024-08-20 Price Changed $415,000 MARMLS
• 2024-07-14 Price Changed $2,800 MARMLS
• 2024-07-12 Price Changed $430,000 MARMLS
• 2024-06-17 Price Changed $450,000 MARMLS
• 2024-05-24 Listed for Rent $2,900 MARMLS
• 2024-05-24 Listed $420,000 MARMLS
• 2023-06-01 Rental Removed — MARMLS
• 2021-12-31 Listing Removed — MARMLS
• 2021-05-10 Relisted — MARMLS
• 2021-05-05 Contingent — MARMLS
• 2021-05-03 Listed $365,000 MARMLS
• 2017-02-13 Listing Removed — MARMLS
• 2016-02-16 Listed $365,000 MARMLS
• 2014-08-25 Sold (Public Records) $303,000 Public Records
• 2014-08-21 Sold (MLS) $303,000 MARMLS
• 2014-02-03 Pending — MARMLS
• 2014-02-03 Price Changed $319,000 MARMLS
• 2014-01-02 Price Changed $335,000 MARMLS
• 2013-09-05 Listed $359,000 MARMLS
• 2012-03-02 Sold (Public Records) $209,000 Public Records
• 2012-02-23 Sold (MLS) $209,000 MARMLS

Property tax history

+1.9%/yr

Latest (2025): $5,879 · +7.0% YoY. Source: county tax records.