7435 Byron Ave · Miami Beach, FL 33141

$3,250,000

10 bd · 10.0 ba · 7,865 sqft · MultiFamily public records · 254 Days on market

Built 1950

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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 +29.7/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 10 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889. Offering Memorandum available upon request.

Key facts

• Renovated units
• New plumbing
• Hurricane shutters

Tags

• RENOVATED UNITS
• FULL INTERIOR UPGRADES
• NEW ELECTRICAL
• NEW PLUMBING
• NEW A/CS
• HURRICANE SHUTTERS

Property features AI

Finance

• Financial info: Total rent: $261,840; Operating expenses: $70,976; Rent includes gardener

Exterior

• Utilities: Public sewer; Cable not available
• Home design: 2-story property; Resale
• Construction: Block construction; Flat roof; Tile roof
• Exterior features: Lot smaller than a quarter acre

Interior

• Flooring: Vinyl
• Heating & cooling: Central heating; Central air; Wall/window air conditioning units
• Interior features: Vinyl flooring

What this means for you Summary

Snapshot

• This is a 10 × 2.0-bed/1.0-bath units multifamily listed at $3.25M.

Deal economics

• At list price, monthly cash flow is $11k ($136k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($42k rent vs $3.25M).
• Recommended offer: $2.86M (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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 flat; 644 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $41,565/mo this rent would consume 726% of the median local household income ($69k/yr) (locally 3521% 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 $22k of loan paydown is wiped out by about $98k 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 254 days — a 12% lower offer ($2.86M) is reasonable based on typical stale-listing flexibility.
• Current owner paid $1.90M; list at $3.25M implies a 71% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $2,860,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 254 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.28% ✓
• Cap rate: 10.65%
• Cash-on-cash: 15.56%
• DSCR: 1.69
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.44% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $93,157
• Equity at exit: $484,586

10-year hold

• IRR: 9.7%
• Equity multiple: 1.67×
• Total profit: $606,706
• Equity at exit: $281,001

Cash invested: $910,000 (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 33141

• Rents YoY: 0.4%
• Active inventory: 644
• Price-to-rent: 65.2×

Monthly cashflow live

• Estimated rent: $41,565 medium
• Mortgage (P&I): −$17,043
• Tax from tax record: −$2,642 /mo · $31,705/yr
• Insurance: −$1,354
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$8,729
• Net cashflow: $11,370

Break-even live

Break-even rent $27,172

Max offer price $3,250,000

Occupancy floor 68%

Sensitivity live

Price	-10% $13,210	-5% $12,290	+0% $11,370	+5% $10,450	+10% $9,530
Rent	-10% $8,087	-5% $9,728	+0% $11,370	+5% $13,012	+10% $14,654
Rate	-1.0pp $13,007	-0.5pp $12,197	base $11,370	+0.5pp $10,528	+1.0pp $9,671

10-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 10× units	2.0	1	$41,560
Total (10 units)			$41,565

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: $812,500
• Closing costs: $97,500
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $3,250,000 Active 254 DOM
2. 2026-06-17
   days on market $3,250,000 Active 253 DOM
3. 2026-06-16
   days on market $3,250,000 Active 252 DOM
4. 2026-06-15
   days on market $3,250,000 Active 251 DOM
5. 2026-06-13
   days on market $3,250,000 Active 249 DOM
6. 2026-06-09
   days on market $3,250,000 Active 245 DOM
7. 2026-06-08
   days on market $3,250,000 Active 244 DOM
8. 2026-06-08
   days on market $3,250,000 Active 243 DOM
9. 2026-06-04
   days on market $3,250,000 Active 240 DOM
10. 2026-06-03
    days on market $3,250,000 Active 239 DOM
11. 2026-06-02
    days on market $3,250,000 Active 238 DOM
12. 2026-06-01
    days on market $3,250,000 Active 237 DOM
13. 2026-05-31
    days on market $3,250,000 Active 236 DOM
14. 2026-04-23
    price $3,250,000
15. 2026-02-16
    price $3,325,000
16. 2025-10-31
    price $3,400,000
17. 2025-10-07
    listed $3,500,000 Active
18. 2022-05-20
    soldstatus $1,900,000
19. 2012-05-23
    soldstatus $170,000
20. 1998-09-09
    soldstatus $340,000
21. 1991-10-10
    soldstatus $250,000
22. 1981-01-01
    soldstatus $230,000

ⓘ 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: $31,705 · $2,642/mo
• Projected year-2 tax: $31,705 · $2,642/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 30 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: $498,780
• − Mortgage interest: −$182,051
• − Property taxes: −$31,705
• − Insurance: −$21,368
• − Repairs & maintenance: −$39,902
• − Management: −$39,902
• − Depreciation: −$94,545
• Taxable income: $89,306
• Est. tax owed @ 24.0%: −$21,433
• After-tax cash flow: $115,009/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): 36,438
• Household income: $68,738
• Rent vs Own: 62.5% rent · 37.5% own
• Severe rent burden: 3521.0

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: Predominantly Hispanic (67%)
• Race & ethnicity: Hispanic / Latino 67% Two or more races 36% White 20% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 27% Salvadoran 6%
• Common ancestry: Scotch-Irish 2% Romanian 2% Armenian 1%
• Foreign-born: 62% · Canada, Jamaica, Dominican Republic
• Languages at home: 18% English-only · Spanish 69% Other Indo-European 4% 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: ▼ -472.71%
• Current HPI: 336.7298
• Rent YoY: ▲ 0.44%
• 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

+1313.0% since first listed

9 events — show timeline

• 2026-04-23 Price Changed $3,250,000 MARMLS
• 2026-02-16 Price Changed $3,325,000 MARMLS
• 2025-10-31 Price Changed $3,400,000 MARMLS
• 2025-10-07 Listed $3,500,000 MARMLS
• 2022-05-20 Sold (Public Records) $1,900,000 Public Records
• 2012-05-23 Sold (Public Records) $170,000 Public Records
• 1998-09-09 Sold (Public Records) $340,000 Public Records
• 1991-10-10 Sold (Public Records) $250,000 Public Records
• 1981-01-01 Sold (Public Records) $230,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $31,705 · -1.9% YoY. Source: county tax records.