17000 NE 14th Ave #206 · North Miami Beach, FL 33162

$62,000

1 bd · 1.0 ba · 688 sqft · Condo public records · 81 Days on market

Built 1964 $387/mo HOA · 12% of rent ↓ 31% since listing

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright and Immaculate 1 Bedroom & 1 Bathroom at the Mar-Len Gardens bldg 2. The kitchen was updated with new cabinets, countertop & flat ceiling. Tile floor throughout the entire unit. This one could be yours all furnished & turnkey, ready to move in. Relax on your patio with those quiet views on the gardens & the community. The Mar-Len garden is a Hopa Verified Community with lots of activities and fun. COOP with land lease. Cash only, No Rental 1st year, then once a year for a max of 3 months, Gated community with 2 pools, clubhouse, gym. . Only 3 miles to the beach Beach! Closed to the restaurants and stores! Call fast, won't last.

Key facts

• Gated community
• Clubhouse
• Private patio

Tags

• UPDATED KITCHEN
• PRIVATE PATIO
• GATED COMMUNITY
• TWO POOLS
• CLUBHOUSE
• GYM

Property features AI

Finance

• Financial info: Monthly land lease payment; Pets not allowed
• HOA & community: Monthly association fee; Association covers amenities, common areas, insurance, pool(s), trash and water; Association amenities include clubhouse, fitness center, laundry and pool; Senior community

Exterior

• Parking: 1 covered parking space; 1-car garage
• Security: Complex fenced; Key card entry
• Home design: Attached property; 3-story building; Entry on level 2
• Construction: Block construction; Resale property
• Exterior features: Patio; Association pool

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Flooring: Ceramic tile; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Ceiling fans; Electric cooling
• Interior features: Closet cabinetry; Other interior features
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $62k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $62k).
• Recommended offer: $58k (6.0% below list) — sets the bar for market timing.
• Cap rate 39.0% 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 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 $3,185/mo this rent would consume 63% 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 $429 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($58k) 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,280 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 5.14% ✓
• Cap rate: 38.98%
• Cash-on-cash: 116.75%
• DSCR: 6.19
• GRM: 1.6

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: —
• Equity multiple: 5.86×
• Total profit: $84,289
• Equity at exit: $9,244

10-year hold

• IRR: —
• Equity multiple: 10.89×
• Total profit: $171,743
• Equity at exit: $5,361

Cash invested: $17,360 (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: 1.6×

Monthly cashflow live

• Estimated rent: $3,185 medium
• Mortgage (P&I): −$325
• Tax from tax record: −$89 /mo · $1,073/yr
• Insurance: −$26
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$387
• Vacancy / Maint / Mgmt: −$669
• Net cashflow: $1,622

Break-even live

Break-even rent $1,131

Max offer price $62,000

Occupancy floor 44%

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $387 · $4,644/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 11 events

1. 2026-06-04
   status $62,000 Pending 81 DOM
2. 2026-06-03
   days on market $62,000 Active 81 DOM
3. 2026-06-02
   days on market $62,000 Active 80 DOM
4. 2026-06-01
   days on market $62,000 Active 79 DOM
5. 2026-05-31
   days on market $62,000 Active 78 DOM
6. 2026-03-15
   listed $62,000 Active
7. 2025-12-11
   historical
8. 2025-01-01
   listed $89,900 Active
9. 2024-04-10
   soldstatus $80,000 Closed 666-char remark

   Show marketing remark (666 chars)

   Bright and Immaculate 1 Bedroom & 1 Bathroom at the Mar-Len Gardens bldg 2. The kitchen was updated with new cabinets, countertop & flat ceiling. Tile floor throughout the entire unit. This one could be yours all furnished & turnkey, ready to move in. Relax on your patio with those quiet views on the gardens & the community. The Mar-Len garden is a Hopa Verified Community with lots of activities and fun. COOP with land lease. Cash only, No Rental 1st year, then once a year for a max of 3 months, Gated community with 2 pools, clubhouse, gym. . Only 3 miles to the beach Beach! Closed to the restaurants and stores! Call fast, won't last.

10. 2024-04-01
    status Pending 666-char remark

    Show marketing remark (666 chars)

    Bright and Immaculate 1 Bedroom & 1 Bathroom at the Mar-Len Gardens bldg 2. The kitchen was updated with new cabinets, countertop & flat ceiling. Tile floor throughout the entire unit. This one could be yours all furnished & turnkey, ready to move in. Relax on your patio with those quiet views on the gardens & the community. The Mar-Len garden is a Hopa Verified Community with lots of activities and fun. COOP with land lease. Cash only, No Rental 1st year, then once a year for a max of 3 months, Gated community with 2 pools, clubhouse, gym. . Only 3 miles to the beach Beach! Closed to the restaurants and stores! Call fast, won't last.

11. 2024-01-17
    listed $90,000 Active 666-char remark

    Show marketing remark (666 chars)

    Bright and Immaculate 1 Bedroom & 1 Bathroom at the Mar-Len Gardens bldg 2. The kitchen was updated with new cabinets, countertop & flat ceiling. Tile floor throughout the entire unit. This one could be yours all furnished & turnkey, ready to move in. Relax on your patio with those quiet views on the gardens & the community. The Mar-Len garden is a Hopa Verified Community with lots of activities and fun. COOP with land lease. Cash only, No Rental 1st year, then once a year for a max of 3 months, Gated community with 2 pools, clubhouse, gym. . Only 3 miles to the beach Beach! Closed to the restaurants and stores! Call fast, won't last.

ⓘ 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: $1,073 · $89/mo
• Projected year-2 tax: $1,073 · $89/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 7 d/yr ≥104°F today · 29 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: $38,222
• − Mortgage interest: −$3,473
• − Property taxes: −$1,073
• − Insurance: −$1,108
• − Repairs & maintenance: −$3,058
• − Management: −$3,058
• − HOA: −$4,644
• − Depreciation: −$1,804
• Taxable income: $20,006
• Est. tax owed @ 24.0%: −$4,801
• After-tax cash flow: $14,668/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

• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• 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

-31.1% since first listed

6 events — show timeline

• 2026-03-15 Listed $62,000 MARMLS
• 2025-12-11 Listing Removed — MARMLS
• 2025-01-01 Listed $89,900 MARMLS
• 2024-04-10 Sold (MLS) $80,000 MARMLS
• 2024-04-01 Pending — MARMLS
• 2024-01-17 Listed $90,000 MARMLS

Property tax history

+4.5%/yr

Latest (2025): $1,073 · +1.7% YoY. Source: county tax records.