1337 NW 1st St #14 · Miami, FL 33125

$215,000

2 bd · 1.0 ba · 805 sqft · Condo public records · 36 Days on market

Built 1974 $685/mo HOA · 18% 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 +29.8/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2 Bed/1Bath condo in the heart of Miami close to Marlins Stadium (Little Havana). Gated Bld and secured Access with 1 assigned parking + Guest and street parking available. Just 5 Mins from Downtown and easy access to major Hwys and public transportation. Close to shops and Supermarkets.

Key facts

• New elevator
• $685 HOA
• Parking

Tags

• ASSIGNED PARKING SPACE
• NEW AIR CONDITIONING UNIT
• NEW ELEVATOR
• PASSED RECERTIFICATION

Property features AI

Finance

• Financial info: Pets are not allowed
• HOA & community: Monthly association fee of $685 (includes water and sewer)

Exterior

• Parking: Assigned parking (one space)
• Security: Complex fenced
• Utilities: Water included in association fee; Sewer included in association fee
• Home design: Attached property; 4-story building; Entry on level 3
• Construction: Block construction; Effective year built
• Exterior features: Balcony; Open balcony/patio; Complex is fenced

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Elevator

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 1.9% in Miami — 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 78/100 on livability (#177 in FL, #2,724 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, cost of living 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 (-1.4%/yr); 239 active listings in the ZIP; lower-income renter base — watch delinquency; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,788/mo this rent would consume 101% of the median local household income ($45k/yr) (locally 5223% 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $125k; list at $215k implies a 72% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-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?
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: 1.76% ✓
• Cap rate: 10.70%
• Cash-on-cash: 15.75%
• DSCR: 1.70
• GRM: 4.7

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: -10.5%
• Equity multiple: 0.63×
• Total profit: $-22,032
• Equity at exit: $32,057

10-year hold

• IRR: -10.3%
• Equity multiple: 0.52×
• Total profit: $-29,192
• Equity at exit: $18,589

Cash invested: $60,200 (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 33125

• Rents YoY: -1.4%
• Active inventory: 239
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $3,788 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$300 /mo · $3,606/yr
• Insurance: −$90
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$685
• Vacancy / Maint / Mgmt: −$795
• Net cashflow: $363

Break-even live

Break-even rent $3,328

Max offer price $215,000

Occupancy floor 85%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $685 · $8,220/yr
• Likely covers: securityparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $215,000 Active 36 DOM
2. 2026-06-17
   days on market $215,000 Active 35 DOM
3. 2026-06-16
   days on market $215,000 Active 34 DOM
4. 2026-06-15
   days on market $215,000 Active 33 DOM
5. 2026-06-13
   days on market $215,000 Active 31 DOM
6. 2026-06-09
   days on market $215,000 Active 27 DOM
7. 2026-06-08
   days on market $215,000 Active 26 DOM
8. 2026-06-07
   days on market $215,000 Active 25 DOM
9. 2026-06-04
   days on market $215,000 Active 22 DOM
10. 2026-06-03
    days on market $215,000 Active 21 DOM
11. 2026-06-02
    days on market $215,000 Active 20 DOM
12. 2026-06-01
    days on market $215,000 Active 19 DOM
13. 2026-05-31
    days on market $215,000 Active 18 DOM
14. 2026-05-13
    listed $215,000 Active
15. 2024-10-02
    historical $2,100
16. 2024-07-23
    listed $2,100
17. 2017-12-11
    soldstatus $125,000
18. 2017-12-07
    soldstatus $125,000 Sold 297-char remark

    Show marketing remark (297 chars)

    Spacious 2 Bed/1Bath condo in the heart of Miami close to Marlins Stadium (Little Havana). Gated Bld and secured Access with 1 assigned parking + Guest and street parking available. Just 5 Mins from Downtown and easy access to major Hwys and public transportation. Close to shops and Supermarkets.

19. 2017-11-21
    status Pending 297-char remark

    Show marketing remark (297 chars)

    Spacious 2 Bed/1Bath condo in the heart of Miami close to Marlins Stadium (Little Havana). Gated Bld and secured Access with 1 assigned parking + Guest and street parking available. Just 5 Mins from Downtown and easy access to major Hwys and public transportation. Close to shops and Supermarkets.

20. 2017-08-31
    listed $135,000 Active 297-char remark

    Show marketing remark (297 chars)

    Spacious 2 Bed/1Bath condo in the heart of Miami close to Marlins Stadium (Little Havana). Gated Bld and secured Access with 1 assigned parking + Guest and street parking available. Just 5 Mins from Downtown and easy access to major Hwys and public transportation. Close to shops and Supermarkets.

21. 2013-06-17
    soldstatus $80,100 Sold 408-char remark

    Show marketing remark (408 chars)

    Excellent 2Bed/1Bath condo in Little Habana. Unit is in good condition, tiled thruout, kitchen cabinets are wood laminate. Centrally located, ease of tranportation with many shops and supermarkets nearby. This is a Fannie Mae HomePath property. Purchase f or as a litle as 3% down and no mortgage insurance. Property is approved for Homepath Mortgage Financing & Homepath Renovation Mortgage Financing.

22. 2013-04-22
    status Pending 408-char remark

    Show marketing remark (408 chars)

    Excellent 2Bed/1Bath condo in Little Habana. Unit is in good condition, tiled thruout, kitchen cabinets are wood laminate. Centrally located, ease of tranportation with many shops and supermarkets nearby. This is a Fannie Mae HomePath property. Purchase f or as a litle as 3% down and no mortgage insurance. Property is approved for Homepath Mortgage Financing & Homepath Renovation Mortgage Financing.

23. 1980-01-01
    soldstatus $30,000
24. 1976-08-01
    soldstatus $25,000

ⓘ 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: $3,606 · $300/mo
• Projected year-2 tax: $3,606 · $300/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 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 28 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,456
• − Mortgage interest: −$12,043
• − Property taxes: −$3,606
• − Insurance: −$6,194
• − Repairs & maintenance: −$3,637
• − Management: −$3,637
• − HOA: −$8,220
• − Depreciation: −$6,255
• Taxable income: $1,866
• Est. tax owed @ 24.0%: −$448
• After-tax cash flow: $3,914/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 — Miami

• Score: 78/100
• State rank: #177
• US rank: #2724

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 827,308
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 56,897
• Household income: $44,979
• Rent vs Own: 74.0% rent · 26.0% own
• Severe rent burden: 5223.0

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: Predominantly Hispanic (92%)
• Race & ethnicity: Hispanic / Latino 92% Two or more races 52% White 4% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 46% Dominican 3% Salvadoran 1%
• Common ancestry: Hispanic 1%
• Foreign-born: 68% · Canada, Jamaica, Dominican Republic
• Languages at home: 9% English-only · Spanish 90%

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: ▼ -402.98%
• Current HPI: 476.1631
• Rent YoY: ▼ -1.39%
• 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

+760.0% since first listed

11 events — show timeline

• 2026-05-13 Listed $215,000 MARMLS
• 2024-10-02 Rental Removed $2,100 MARMLS
• 2024-07-23 Listed for Rent $2,100 MARMLS
• 2017-12-11 Sold (Public Records) $125,000 Public Records
• 2017-12-07 Sold (MLS) $125,000 MARMLS
• 2017-11-21 Pending — MARMLS
• 2017-08-31 Listed $135,000 MARMLS
• 2013-06-17 Sold (MLS) $80,100 MARMLS
• 2013-04-22 Pending — MARMLS
• 1980-01-01 Sold (Public Records) $30,000 Public Records
• 1976-08-01 Sold (Public Records) $25,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $3,606 · +5.7% YoY. Source: county tax records.