16950 W Dixie Hwy A128 Hwy Unit A128 · North Miami Beach, FL 33160

$150,000

1 bd · 1.0 ba · 720 sqft · Condo public records · 91 Days on market

Built 1973 $477/mo HOA · 15% 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
• Appreciation +5.3/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This Property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing. Great location ! Close to Aventura and the beach. Rapidly appr eciating area. Beautiful 1/1 condo in move in conditions. No age restrictions.

Key facts

• New balcony
• New ss appliances
• Impact doors

Tags

• REMODELED CONDO
• NEW SS APPLIANCES
• NEW KITCHEN CABINETS
• NEW BALCONY
• IMPACT DOORS
• IMPACT WINDOWS

Property features AI

Finance

• Other: Association-managed pool
• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association fee covers management, hot water, laundry, structural maintenance, parking, pool(s), sewer, trash and water; Association amenities include elevator(s), laundry facilities, pool and trash service

Exterior

• Parking: Assigned parking; Detached carport (1 space); Guest parking; One covered space; Garage door opener; Secured garage/parking
• Security: Complex is fenced; Key card entry; Secured garage/parking
• Utilities: Association-provided hot water; Association-provided water; Sewer service included in association; Trash service included in association
• Home design: Attached property; 6-story building; Entry on first level
• Construction: Block construction; Resale property
• Exterior features: Enclosed porch; Fenced; Porch (screened)

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Bedroom located on the main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First floor entry; Bedroom on main level; Ceramic tile flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 5.2% in North 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 82/100 on livability (#71 in FL, #1,177 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment D+, crime 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 $3,111/mo this rent would consume 56% 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 + $790 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 $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $52k; list at $150k implies a 191% gain — meaningful room to come down on a strong offer.

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 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 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 1973 — 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. 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?
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: 2.07% ✓
• Cap rate: 13.61%
• Cash-on-cash: 26.13%
• DSCR: 2.16
• GRM: 4.0

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: 12.2%
• Equity multiple: 1.59×
• Total profit: $24,753
• Equity at exit: $47,549

10-year hold

• IRR: 14.3%
• Equity multiple: 2.51×
• Total profit: $63,242
• Equity at exit: $60,449

Cash invested: $42,000 (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 33160

• Home prices YoY: 0.2%
• Rents YoY: 0.9%
• Active inventory: 1870
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,111 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$217 /mo · $2,604/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$477
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $488

Break-even live

Break-even rent $2,493

Max offer price $150,000

Occupancy floor 79%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $477 · $5,724/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $150,000 Active 91 DOM
2. 2026-06-17
   days on market $150,000 Active 90 DOM
3. 2026-06-16
   days on market $150,000 Active 89 DOM
4. 2026-06-15
   days on market $150,000 Active 88 DOM
5. 2026-06-13
   days on market $150,000 Active 86 DOM
6. 2026-06-09
   days on market $150,000 Active 82 DOM
7. 2026-06-08
   days on market $150,000 Active 81 DOM
8. 2026-06-07
   days on market $150,000 Active 80 DOM
9. 2026-06-04
   days on market $150,000 Active 77 DOM
10. 2026-06-03
    days on market $150,000 Active 76 DOM
11. 2026-06-02
    days on market $150,000 Active 75 DOM
12. 2026-06-01
    days on market $150,000 Active 74 DOM
13. 2026-05-31
    days on market $150,000 Active 73 DOM
14. 2026-03-18
    listed $150,000 Active
15. 2025-07-07
    status Pending
16. 2025-06-23
    historical
17. 2025-06-13
    price $165,500
18. 2024-12-06
    listed $183,500 Active
19. 2024-10-22
    historical $1,995
20. 2024-07-19
    listed $1,995
21. 2012-07-16
    soldstatus $51,500 334-char remark

    Show marketing remark (334 chars)

    This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This Property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing. Great location ! Close to Aventura and the beach. Rapidly appr eciating area. Beautiful 1/1 condo in move in conditions. No age restrictions.

22. 2006-06-12
    soldstatus $149,500
23. 2006-06-09
    soldstatus $149,500
24. 2002-08-20
    soldstatus $43,000
25. 1977-03-01
    soldstatus $20,600
26. 1973-12-01
    soldstatus $22,900

ⓘ 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: $2,604 · $217/mo
• Projected year-2 tax: $2,604 · $217/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 AE · 87% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 27 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: $37,333
• − Mortgage interest: −$8,402
• − Property taxes: −$2,604
• − Insurance: −$5,868
• − Repairs & maintenance: −$2,987
• − Management: −$2,987
• − HOA: −$5,724
• − Depreciation: −$4,364
• Taxable income: $4,397
• Est. tax owed @ 24.0%: −$1,055
• After-tax cash flow: $4,802/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 — North Miami Beach

• Score: 82/100
• State rank: #71
• US rank: #1177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• 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
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+555.0% since first listed

13 events — show timeline

• 2026-03-18 Listed $150,000 MARMLS
• 2025-07-07 Pending — MARMLS
• 2025-06-23 Listing Removed — MARMLS
• 2025-06-13 Price Changed $165,500 MARMLS
• 2024-12-06 Listed $183,500 MARMLS
• 2024-10-22 Rental Removed $1,995 MARMLS
• 2024-07-19 Listed for Rent $1,995 MARMLS
• 2012-07-16 Sold (MLS) $51,500 MARMLS
• 2006-06-12 Sold (Public Records) $149,500 Public Records
• 2006-06-09 Sold (MLS) $149,500 MARMLS
• 2002-08-20 Sold (Public Records) $43,000 Public Records
• 1977-03-01 Sold (Public Records) $20,600 Public Records
• 1973-12-01 Sold (Public Records) $22,900 Public Records

Property tax history

+30.1%/yr

Latest (2025): $2,604 · +4.2% YoY. Source: county tax records.