3020 Marcos Dr Unit S109 · Aventura, FL 33160

$135,000

1 bd · 1.0 ba · 768 sqft · Condo public records · 128 Days on market

Built 1968 $451/mo HOA · 13% of rent ↓ 4% since listing

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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 +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

Opportunity awaits in the desirable 55+ community in Aventura. This 1-bedroom, 1-bath first-floor condo offers beautiful water views of Maule Lake and the rare convenience of parking directly in front of the unit, making daily living easy and accessible. The unit features a screened balcony overlooking the lake, perfect for enjoying peaceful waterfront views and is an excellent value-add opportunity to customize to your taste or improve long-term equity. Ideal for buyers seeking a well-priced entry into a waterfront Aventura community. Point East is a gated, active 55+ community offering weekly social events and amenities including a heated pool, fitness center, and sauna. The location is h

Key facts

• $451 HOA
• Parking
• Community pool

Property features AI

Finance

• Financial info: Pets: No / No pet restrictions noted
• HOA & community: Monthly association fee; Association amenities include clubhouse, fitness center, laundry, library, pool, sauna, trash service, transportation service, and elevators; Association fee covers amenities, cable TV, internet, laundry, grounds maintenance, parking, pest control, recreation facilities, and trash; Senior community

Exterior

• Parking: Assigned parking; Guest parking; One assigned space
• Security: Complex is fenced; Security guard
• Utilities: Cable available; Electric service with fuses
• Home design: Attached property; 6-story building; Entry on level 1; Effective year built (updated/renovated year noted)
• Construction: Block construction
• Exterior features: Enclosed porch; Screened porch; Storm / security shutters; Exterior lighting; Heated pool; Lakefront waterfront; Has a view

Interior

• Kitchen: Dishwasher; Electric range
• Bedrooms: Bedroom located on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Zoned heating; Zoned cooling
• Interior features: French doors / atrium doors; First-floor entry; Bedroom on main level; Walk-in closet(s)
• Laundry & utility: Shared laundry in common area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $880 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.9% vs local median 2.6% in Aventura — 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 (#127 in FL, #1,834 nationally) — a professional / high-income tenant draw. Strengths: schools A+, health & safety A+, amenities A; Watch: crime D+, cost of living F.
• 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 $3,437/mo this rent would consume 62% 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 ($933 loan paydown + $711 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 $38k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

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 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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 1968 — 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. Crime grade is D 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
13. 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.
14. 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.
15. 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: 2.55% ✓
• Cap rate: 17.90%
• Cash-on-cash: 41.46%
• DSCR: 2.84
• GRM: 3.3

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: 26.7%
• Equity multiple: 2.30×
• Total profit: $49,077
• Equity at exit: $42,794

10-year hold

• IRR: 28.2%
• Equity multiple: 3.95×
• Total profit: $111,469
• Equity at exit: $54,404

Cash invested: $37,800 (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: 3.3×

Monthly cashflow live

• Estimated rent: $3,437 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$194 /mo · $2,322/yr
• Insurance: −$56
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$451
• Vacancy / Maint / Mgmt: −$722
• Net cashflow: $880

Break-even live

Break-even rent $2,323

Max offer price $135,000

Occupancy floor 69%

Sensitivity live

Price	-10% $956	-5% $918	+0% $880	+5% $841	+10% $803
Rent	-10% $608	-5% $744	+0% $880	+5% $1,015	+10% $1,151
Rate	-1.0pp $948	-0.5pp $914	base $880	+0.5pp $845	+1.0pp $809

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $451 · $5,412/yr
• Likely covers: waterpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $135,000 Active 128 DOM
2. 2026-06-17
   days on market $135,000 Active 127 DOM
3. 2026-06-16
   days on market $135,000 Active 126 DOM
4. 2026-06-15
   days on market $135,000 Active 125 DOM
5. 2026-06-13
   statusdays on market $135,000 Active 123 DOM
6. 2026-06-09
   days on market $135,000 Active Under Contract 119 DOM
7. 2026-06-08
   days on market $135,000 Active Under Contract 118 DOM
8. 2026-06-07
   days on market $135,000 Active Under Contract 117 DOM
9. 2026-06-04
   days on market $135,000 Active Under Contract 114 DOM
10. 2026-06-03
    days on market $135,000 Active Under Contract 113 DOM
11. 2026-06-02
    days on market $135,000 Active Under Contract 112 DOM
12. 2026-06-01
    days on market $135,000 Active Under Contract 111 DOM
13. 2026-05-31
    days on market $135,000 Active Under Contract 110 DOM
14. 2026-05-15
    historical Active Under Contract
15. 2026-04-22
    price $135,000
16. 2026-03-12
    status Active
17. 2026-03-06
    historical Active Under Contract
18. 2026-02-17
    status Active
19. 2026-02-05
    listed $140,000 Active

ⓘ 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: $2,322 · $194/mo
• Projected year-2 tax: $2,322 · $194/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 · 91% 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,238
• − Mortgage interest: −$7,562
• − Property taxes: −$2,322
• − Insurance: −$5,794
• − Repairs & maintenance: −$3,299
• − Management: −$3,299
• − HOA: −$5,412
• − Depreciation: −$3,927
• Taxable income: $9,623
• Est. tax owed @ 24.0%: −$2,309
• After-tax cash flow: $8,245/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)

No district data.

Livability — Aventura

• Score: 80/100
• State rank: #127
• US rank: #1834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aventura, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 34,147
• 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

-3.6% since first listed

6 events — show timeline

• 2026-05-15 Contingent — MARMLS
• 2026-04-22 Price Changed $135,000 MARMLS
• 2026-03-12 Relisted — MARMLS
• 2026-03-06 Contingent — MARMLS
• 2026-02-17 Relisted — MARMLS
• 2026-02-05 Listed $140,000 MARMLS

Property tax history

+12.7%/yr

Latest (2025): $2,322 · +358.9% YoY. Source: county tax records.