15610 NE 6th Ave Unit 32D · Golden Glades, FL 33162

$93,900

1 bd · 1.0 ba · 620 sqft · Condo public records · 30 Days on market

Built 1963 $248/mo HOA · 8% of rent ↓ 14% 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
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 1-Bedroom Residence in Desirable 55+ Community Discover this inviting 1-bedroom, 1-bathroom condo located in a well-maintained 55+ community in the heart of North Miami Beach. This bright and comfortable residence offers relaxing garden and pool views, creating the perfect setting for peaceful South Florida living. The unit features a practical layout with abundant natural light and access to community amenities designed for comfort, convenience, and an active lifestyle. One of its most attractive highlights is the exceptionally low HOA fee, considered one of the most competitive maintenance costs in North Miami Beach, offering remarkable value for homeowners and seasonal reside

Key facts

• Pool views
• Community amenities
• Garden views

Tags

• GARDEN VIEWS
• POOL VIEWS
• COMMUNITY AMENITIES
• LOW HOA FEE
• QUICK ACCESS TO AVENTURA MALL
• QUICK ACCESS TO GREYNOLDS PARK

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association amenities include clubhouse, elevator(s), and laundry; HOA covers common areas, insurance, laundry, grounds maintenance, pool(s), and trash; Senior community

Exterior

• Parking: Assigned parking; Guest parking available; Garage with automatic opener (1 covered space)
• Security: Closed-circuit cameras; Complex fenced; Elevator secured; Key card entry; Fire alarm; Smoke detectors
• Utilities: Electric service
• Home design: Attached property; 3-story building; Entry on third floor
• Construction: Block and stucco construction; Exterior lighting
• Exterior features: Private balcony; Screened balcony; Courtyard; Fenced complex

Interior

• Kitchen: Microwave included
• Bedrooms: Bedroom located on the main level
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Wall/window cooling units
• Interior features: Elevator access; Bedroom on main level; Third-floor entry
• Laundry & utility: Washer included; Shared laundry in common area; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $94k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $94k).
• Recommended offer: $92k (1.5% below list) — sets the bar for market timing.
• Cap rate 27.1% vs local median 3.5% in Golden Glades — 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 74/100 on livability (#281 in FL, #4,513 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing B+, health & safety B+; Watch: employment D, amenities 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 (-1.6%/yr); 284 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,106/mo this rent would consume 61% of the median local household income ($61k/yr) (locally 2509% 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 $649 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $26k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $92,491 (1.5% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 3.31% ✓
• Cap rate: 27.13%
• Cash-on-cash: 74.40%
• DSCR: 4.31
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 70.6%
• Equity multiple: 4.03×
• Total profit: $79,663
• Equity at exit: $14,001

10-year hold

• IRR: 73.6%
• Equity multiple: 7.41×
• Total profit: $168,511
• Equity at exit: $8,119

Cash invested: $26,292 (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 33162

• Rents YoY: -1.6%
• Active inventory: 284
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $3,106 medium
• Mortgage (P&I): −$492
• Tax from tax record: −$44 /mo · $528/yr
• Insurance: −$39
• HOA: −$248
• Vacancy / Maint / Mgmt: −$652
• Net cashflow: $1,630

Break-even live

Break-even rent $1,043

Max offer price $93,900

Occupancy floor 43%

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: $23,475
• Closing costs: $2,817
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $248 · $2,976/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-09
   status $93,900 Pending 30 DOM
2. 2026-06-08
   days on market $93,900 Active 30 DOM
3. 2026-06-07
   days on market $93,900 Active 29 DOM
4. 2026-06-04
   days on market $93,900 Active 26 DOM
5. 2026-06-03
   days on market $93,900 Active 25 DOM
6. 2026-06-02
   days on market $93,900 Active 24 DOM
7. 2026-06-01
   days on market $93,900 Active 23 DOM
8. 2026-05-31
   days on market $93,900 Active 22 DOM
9. 2026-05-09
   listed $93,900 Active
10. 2026-04-24
    historical
11. 2025-12-31
    price $89,000
12. 2025-10-27
    listed $91,900 Active
13. 2023-07-18
    historical
14. 2023-06-27
    historical Active Under Contract
15. 2023-06-01
    price $106,900
16. 2023-03-07
    listed $109,000 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: $528 · $44/mo
• Projected year-2 tax: $779 · $65/mo
• Expected delta: +$251/yr (+$21/mo · 47.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 13% 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: $37,272
• − Mortgage interest: −$5,260
• − Property taxes: −$528
• − Insurance: −$470
• − Repairs & maintenance: −$2,982
• − Management: −$2,982
• − HOA: −$2,976
• − Depreciation: −$2,732
• Taxable income: $19,343
• Est. tax owed @ 24.0%: −$4,642
• After-tax cash flow: $14,920/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 — Golden Glades

• Score: 74/100
• State rank: #281
• US rank: #4513

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Golden Glades, FL
• County: Miami-Dade County · 2,697,751 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 46,606
• Household income: $60,692
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 2509.0

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 0.62)
• Race & ethnicity: Black 53% Hispanic / Latino 30% Two or more races 15% White 12% Asian 2%
• Hispanic origin (detail): Puerto Rican 4% Cuban 7% Dominican 3%
• Common ancestry: Hispanic 31% Romanian 1% Scotch-Irish 1%
• Foreign-born: 52% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · French/Haitian/Cajun 35% Spanish 30% Other Indo-European 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: ▼ -445.57%
• Current HPI: 596.6178
• Rent YoY: ▼ -1.59%
• 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

-13.9% since first listed

8 events — show timeline

• 2026-05-09 Listed $93,900 MARMLS
• 2026-04-24 Listing Removed — MARMLS
• 2025-12-31 Price Changed $89,000 MARMLS
• 2025-10-27 Listed $91,900 MARMLS
• 2023-07-18 Listing Removed — Beaches MLS
• 2023-06-27 Contingent — Beaches MLS
• 2023-06-01 Price Changed $106,900 Beaches MLS
• 2023-03-07 Listed $109,000 Beaches MLS

Property tax history

+1.0%/yr

Latest (2025): $528 · -55.4% YoY. Source: county tax records.