3600 NE 170th St #407 · North Miami Beach, FL 33160

$290,000

2 bd · 2.0 ba · 1,085 sqft · Condo public records · 48 Days on market

Built 1971 $725/mo HOA · 18% of rent

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Why this score? — see what drove the C+ 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 +19.6/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 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

BEAUTIFUL REMODELED UNIT IN VERY DESIRABLE EDEN ISLES COMPLEX IN THE HEART OF EASTERN SHORES. THIS 2/2 WATERFRONT CONDO HAS ALSO AN OPTION TO DOCK. THE UPGRADE INCLUDE A REMODELED KITCHEN AND BATHROOMS, NEW TILE FLOORS, NEW TANKLESS WATER HEATER, NEW LIGHT FIXTURES, NEW DOORS, LOTS OF CLOSETS WITH BUILTINS AND MUCH MORE!!! THE LOCATION IS AMAZING, 10 MINUTES AWAY TO SUNNY ISLES BEACH, AVENTURA MALL, OLETA STATE PARK, SHOPPING CENTER AND MAJOR HIGHWAYS. RESORT STYLE AMENITIES INCLUDING POOL, GYM AND GAME ROOM. GORGEOUS WATERVIEW!!!! SELLER HAS PAID THE SPECIAL ASSESSMENT. THERE ARE ALSO NEW BALCONIES, PARKING LOT IS BEING RESURFACED, NEW SEAWALL, BUILDING WILL BE REPAINTED. TRULLY A GREAT DE

Key facts

• New tile floors
• New doors
• Remodeled kitchen

Tags

• REMODELED KITCHEN
• REMODELED BATHROOMS
• NEW TILE FLOORS
• NEW TANKLESS WATER HEATER
• NEW LIGHT FIXTURES
• NEW DOORS

Property features AI

Finance

• Financial info: Lease considered; Pets allowed with restrictions or conditions
• HOA & community: Monthly association fee of $725; Association fee includes amenities; Association amenities: Billiard room, Business center, Clubhouse, Fitness center, Laundry

Exterior

• Parking: Assigned parking (one space)
• Utilities: Cable available
• Home design: Attached property; 4 total stories; Unit entry on level 4; Resale unit
• Construction: Block construction
• Exterior features: Balcony; Open balcony/patio; Canal access waterfront; Has a view; Faces south

Interior

• Kitchen: Built-in oven; Dishwasher; Electric range; Microwave; Refrigerator
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Blinds on windows; Built-in features; Other interior features; Unfurnished
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $290k.

Deal economics

• At list price, monthly cash flow is $-92 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (5.6% below list).
• Meets the 1% rule at list price ($4k rent vs $290k).
• Recommended offer: $274k (5.6% below list) — sets the bar for cash-flow.
• Cap rate 7.7% 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.
• Zoned schools: Ojus Elementary School (math 56% / reading 59%, grade C+, #764 of 2,144 statewide, top 36%, 776 students, 63% FRL); Highland Oaks Middle School (math 28% / reading 51%, grade F, #373 of 571 statewide, top 66%, 774 students, 50% FRL); Alonzo & Tracy Mourning Senior High School (math 38% / reading 50%, grade F, #244 of 667 statewide, top 37%, 1,597 students, 48% FRL).
• Market conditions: Rents flat; 1879 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,926/mo this rent would consume 70% 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 $4k of equity ($2k loan paydown + $2k 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.
• By year 8, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 12y 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 $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 $273,759 (5.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. 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: 1.35% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.94%
• DSCR: 1.22
• GRM: 6.2

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: -3.7%
• Equity multiple: 0.82×
• Total profit: $-14,265
• Equity at exit: $91,928

10-year hold

• IRR: -0.2%
• Equity multiple: 0.98×
• Total profit: $-1,714
• Equity at exit: $116,868

Cash invested: $81,200 (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: 1879
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $3,926 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$400 /mo · $4,805/yr
• Insurance: −$121
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$725
• Vacancy / Maint / Mgmt: −$824
• Net cashflow: $-92

Break-even live

Break-even rent $4,042

Max offer price $273,759

Occupancy floor 97%

Sensitivity live

Price	-10% $72	-5% $-10	+0% $-92	+5% $-174	+10% $-256
Rent	-10% $-402	-5% $-247	+0% $-92	+5% $63	+10% $218
Rate	-1.0pp $54	-0.5pp $-18	base $-92	+0.5pp $-167	+1.0pp $-244

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15701 Collins Ave Sunny Isles Beach, FL	2.0–4.0	2.5–5.5	2325	$18,000	$7.74	4d	9	1.37mi

HOA detail condo

• Monthly dues: $725 · $8,700/yr
• Likely covers: waterpoolgym
• ⚠ Special-assessment mentions:

  …MAJOR HIGHWAYS. RESORT STYLE AMENITIES INCLUDING POOL, GYM AND GAME ROOM. GORGEOUS WATERVIEW!!!! SELLER HAS PAID THE SPECIAL ASSESSMENT. THERE ARE ALSO NEW BALCONIES, PARKING LOT IS BEING RESURFACED, NEW SEAWALL, BUILDING WILL BE REPAINTED. TRULLY A…

Listing history 35 events

1. 2026-05-07
   status Pending
2. 2026-05-06
   historical $2,300
3. 2026-04-14
   price $2,300
4. 2026-03-20
   listed $290,000 Active
5. 2026-03-17
   historical
6. 2026-03-03
   listed $2,475
7. 2026-02-24
   price $285,000
8. 2025-11-17
   listed $295,000 Active
9. 2025-11-16
   historical
10. 2025-08-15
    historical
11. 2025-08-15
    listed $299,900 Active
12. 2025-07-19
    historical Active Under Contract
13. 2025-06-21
    listed $299,900 Active
14. 2025-06-07
    historical
15. 2025-04-21
    price $307,500
16. 2025-04-01
    price $320,000
17. 2025-02-24
    price $329,900
18. 2025-01-23
    listed $330,000 Active
19. 2022-06-17
    soldstatus $285,000
20. 2022-06-14
    soldstatus $285,000 Closed
21. 2022-05-05
    status Pending
22. 2022-04-16
    status Active
23. 2022-03-11
    status Pending
24. 2022-02-15
    price $274,950
25. 2022-02-14
    listed $174,950 Active
26. 2015-06-23
    soldstatus $137,000
27. 2015-04-07
    historical
28. 2014-09-16
    listed $156,500
29. 2014-08-18
    historical
30. 2014-07-10
    price $163,900
31. 2014-06-19
    listed $166,900 Active
32. 2014-06-19
    historical
33. 2014-02-25
    price $166,900
34. 2014-02-21
    listed $163,900 Active
35. 2009-07-31
    soldstatus $62,900

ⓘ 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: $4,805 · $400/mo
• Projected year-2 tax: $4,805 · $400/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 · 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: $47,113
• − Mortgage interest: −$16,245
• − Property taxes: −$4,805
• − Insurance: −$6,568
• − Repairs & maintenance: −$3,769
• − Management: −$3,769
• − HOA: −$8,700
• − Depreciation: −$8,436
• Taxable loss: −$5,179
• Est. tax savings @ 24.0%: +$1,243
• After-tax cash flow: $140/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

-96.3% since first listed

35 events — show timeline

• 2026-05-07 Pending — MARMLS
• 2026-05-06 Rental Removed $2,300 MARMLS
• 2026-04-14 Price Changed $2,300 MARMLS
• 2026-03-20 Listed $290,000 MARMLS
• 2026-03-17 Listing Removed — MARMLS
• 2026-03-03 Listed for Rent $2,475 MARMLS
• 2026-02-24 Price Changed $285,000 MARMLS
• 2025-11-17 Listed $295,000 MARMLS
• 2025-11-16 Listing Removed — Beaches MLS
• 2025-08-15 Listing Removed — Beaches MLS
• 2025-08-15 Listed $299,900 Beaches MLS
• 2025-07-19 Contingent — Beaches MLS
• 2025-06-21 Listed $299,900 Beaches MLS
• 2025-06-07 Listing Removed — Beaches MLS
• 2025-04-21 Price Changed $307,500 Beaches MLS
• 2025-04-01 Price Changed $320,000 Beaches MLS
• 2025-02-24 Price Changed $329,900 Beaches MLS
• 2025-01-23 Listed $330,000 Beaches MLS
• 2022-06-17 Sold (Public Records) $285,000 Public Records
• 2022-06-14 Sold (MLS) $285,000 MARMLS
• 2022-05-05 Pending — MARMLS
• 2022-04-16 Relisted — MARMLS
• 2022-03-11 Pending — MARMLS
• 2022-02-15 Price Changed $274,950 MARMLS
• 2022-02-14 Listed $174,950 MARMLS
• 2015-06-23 Sold (Public Records) $137,000 Public Records
• 2015-04-07 Listing Removed — Beaches MLS
• 2014-09-16 Listed $156,500 Beaches MLS
• 2014-08-18 Listing Removed — MARMLS
• 2014-07-10 Price Changed $163,900 MARMLS
• 2014-06-19 Listed $166,900 MARMLS
• 2014-06-19 Listing Removed — MARMLS
• 2014-02-25 Price Changed $166,900 MARMLS
• 2014-02-21 Listed $163,900 MARMLS
• 2009-07-31 Sold (MLS) $62,900 MARMLS

Property tax history

+7.1%/yr

Latest (2025): $4,805 · -2.1% YoY. Source: county tax records.