13655 NE 10th Ave #210 · North Miami, FL 33161

$130,000

2 bd · 1.0 ba · 874 sqft · Condo public records · 192 Days on market

Built 1968 $336/mo HOA · 10% 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 +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 +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2/1 condo in the City of North Miami available for sale! This second floor unit in Oxford Courts is currently occupied month to month by long time tenants. Tenant pays $1,250 monthly. Photos are from prior to tenant occupancy, but the unit is in great condition. Located right off of W. Dixie Hwy and short drive to US1. Building features a community pool. HOA does not have reserves. Cash offers only!

Key facts

• $336 HOA
• Garage
• Community pool

Property features AI

Finance

• Financial info: Pets allowed with size limit (maximum 20 lbs)
• HOA & community: Monthly association fee; Association fee: $336; Community pool; Elevator(s) in the building

Exterior

• Parking: Attached garage with 1 covered space
• Utilities: Electric service; Central heating and cooling; Electric water heater
• Home design: 3-story building; Entry on level 2
• Construction: Block construction; Resale property

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Second floor entry; Elevator; Other interior features
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.8% vs local median 4.1% in North 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 83/100 on livability (#51 in FL, #914 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: schools D+, employment D.
• 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 (-0.7%/yr); 341 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,536/mo this rent would consume 73% of the median local household income ($58k/yr) (locally 3226% 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 $899 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 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 does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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.
9. 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.
10. 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: 2.72% ✓
• Cap rate: 19.77%
• Cash-on-cash: 48.12%
• DSCR: 3.14
• GRM: 3.1

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: 41.6%
• Equity multiple: 2.70×
• Total profit: $61,864
• Equity at exit: $19,383

10-year hold

• IRR: 46.1%
• Equity multiple: 4.70×
• Total profit: $134,840
• Equity at exit: $11,240

Cash invested: $36,400 (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 33161

• Rents YoY: -0.7%
• Active inventory: 341
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $3,536 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$262 /mo · $3,144/yr
• Insurance: −$54
• HOA: −$336
• Vacancy / Maint / Mgmt: −$743
• Net cashflow: $1,460

Break-even live

Break-even rent $1,688

Max offer price $130,000

Occupancy floor 54%

Sensitivity live

Price	-10% $1,533	-5% $1,497	+0% $1,460	+5% $1,423	+10% $1,386
Rent	-10% $1,180	-5% $1,320	+0% $1,460	+5% $1,599	+10% $1,739
Rate	-1.0pp $1,525	-0.5pp $1,493	base $1,460	+0.5pp $1,426	+1.0pp $1,392

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2020 NE 135th St #904 North Miami, FL	2.0	2.0	963	$23,509	$24.41	16d	1	1.46mi
2020 NE 135th St North Miami, FL	2.0	2.0	963	$23,509	$24.41	15d	1	1.46mi

HOA detail condo

• Monthly dues: $336 · $4,032/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   days on market $130,000 Active 192 DOM
2. 2026-06-18
   days on market $130,000 Active 189 DOM
3. 2026-06-17
   days on market $130,000 Active 188 DOM
4. 2026-06-16
   days on market $130,000 Active 187 DOM
5. 2026-06-15
   days on market $130,000 Active 186 DOM
6. 2026-06-13
   days on market $130,000 Active 184 DOM
7. 2026-06-09
   days on market $130,000 Active 180 DOM
8. 2026-06-08
   days on market $130,000 Active 179 DOM
9. 2026-06-07
   days on market $130,000 Active 178 DOM
10. 2026-06-04
    days on market $130,000 Active 175 DOM
11. 2026-06-03
    days on market $130,000 Active 174 DOM
12. 2026-06-02
    days on market $130,000 Active 173 DOM
13. 2026-06-01
    days on market $130,000 Active 172 DOM
14. 2026-05-31
    days on market $130,000 Active 171 DOM
15. 2026-05-08
    price $130,000
16. 2026-03-02
    status Active
17. 2026-02-16
    status Pending
18. 2025-10-14
    listed $145,000 Active
19. 2022-05-12
    soldstatus $142,000
20. 2022-05-06
    soldstatus $142,000 Closed 402-char remark

    Show marketing remark (402 chars)

    2/1 condo in the City of North Miami available for sale! This second floor unit in Oxford Courts is currently occupied month to month by long time tenants. Tenant pays $1,250 monthly. Photos are from prior to tenant occupancy, but the unit is in great condition. Located right off of W. Dixie Hwy and short drive to US1. Building features a community pool. HOA does not have reserves. Cash offers only!

21. 2022-05-02
    status Pending 402-char remark

    Show marketing remark (402 chars)

    2/1 condo in the City of North Miami available for sale! This second floor unit in Oxford Courts is currently occupied month to month by long time tenants. Tenant pays $1,250 monthly. Photos are from prior to tenant occupancy, but the unit is in great condition. Located right off of W. Dixie Hwy and short drive to US1. Building features a community pool. HOA does not have reserves. Cash offers only!

22. 2022-04-08
    historical Active Under Contract 402-char remark

    Show marketing remark (402 chars)

    2/1 condo in the City of North Miami available for sale! This second floor unit in Oxford Courts is currently occupied month to month by long time tenants. Tenant pays $1,250 monthly. Photos are from prior to tenant occupancy, but the unit is in great condition. Located right off of W. Dixie Hwy and short drive to US1. Building features a community pool. HOA does not have reserves. Cash offers only!

23. 2022-03-31
    listed $140,000 Active 402-char remark

    Show marketing remark (402 chars)

    2/1 condo in the City of North Miami available for sale! This second floor unit in Oxford Courts is currently occupied month to month by long time tenants. Tenant pays $1,250 monthly. Photos are from prior to tenant occupancy, but the unit is in great condition. Located right off of W. Dixie Hwy and short drive to US1. Building features a community pool. HOA does not have reserves. Cash offers only!

24. 2015-12-30
    soldstatus $475,000 Sold 507-char remark

    Show marketing remark (507 chars)

    No rentals allowed for 2 years after closing! Partially refurbished floor unit in small quiet building with very low monthly fees. Tile floors throughout, new paint throughout, new toilet, ready to move in. OFFERS MUST BE ON ATTACHED DOCUMENTS, WITH PRE-A PPROVAL (OR CURRENT PROOF OF FUNDS IF CASH), AND COPY OF THE DEPOSIT CHECK. DO NOT FAX OR EMAIL OFFERS (USE THE SUBMIT OFFER LINK ABOVE)! SELLER MAY OFFER TO PAY OWNERS TITLE POLICY AND SELECT CLOSING AGENT. REALTORS: PLEASE READ BROKER REMARKS BELOW!

25. 2015-11-13
    status Pending 507-char remark

    Show marketing remark (507 chars)

    No rentals allowed for 2 years after closing! Partially refurbished floor unit in small quiet building with very low monthly fees. Tile floors throughout, new paint throughout, new toilet, ready to move in. OFFERS MUST BE ON ATTACHED DOCUMENTS, WITH PRE-A PPROVAL (OR CURRENT PROOF OF FUNDS IF CASH), AND COPY OF THE DEPOSIT CHECK. DO NOT FAX OR EMAIL OFFERS (USE THE SUBMIT OFFER LINK ABOVE)! SELLER MAY OFFER TO PAY OWNERS TITLE POLICY AND SELECT CLOSING AGENT. REALTORS: PLEASE READ BROKER REMARKS BELOW!

26. 2015-08-26
    listed $55,000 Active 507-char remark

    Show marketing remark (507 chars)

    No rentals allowed for 2 years after closing! Partially refurbished floor unit in small quiet building with very low monthly fees. Tile floors throughout, new paint throughout, new toilet, ready to move in. OFFERS MUST BE ON ATTACHED DOCUMENTS, WITH PRE-A PPROVAL (OR CURRENT PROOF OF FUNDS IF CASH), AND COPY OF THE DEPOSIT CHECK. DO NOT FAX OR EMAIL OFFERS (USE THE SUBMIT OFFER LINK ABOVE)! SELLER MAY OFFER TO PAY OWNERS TITLE POLICY AND SELECT CLOSING AGENT. REALTORS: PLEASE READ BROKER REMARKS BELOW!

27. 2005-07-07
    soldstatus $87,000
28. 1979-07-01
    soldstatus $31,000

ⓘ 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: $3,144 · $262/mo
• Projected year-2 tax: $3,144 · $262/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,435
• − Mortgage interest: −$7,282
• − Property taxes: −$3,144
• − Insurance: −$650
• − Repairs & maintenance: −$3,395
• − Management: −$3,395
• − HOA: −$4,032
• − Depreciation: −$3,782
• Taxable income: $16,756
• Est. tax owed @ 24.0%: −$4,021
• After-tax cash flow: $13,496/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

• Score: 83/100
• State rank: #51
• US rank: #914

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Miami, FL
• County: Miami-Dade County · 2,697,751 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 54,814
• Household income: $58,325
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 3226.0

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 0.58)
• Race & ethnicity: Black 56% Hispanic / Latino 31% Two or more races 18% White 8% Asian 2%
• Hispanic origin (detail): Puerto Rican 4% Cuban 7% Dominican 4% Salvadoran 1%
• Common ancestry: Hispanic 35% Estonian 1% Lithuanian 1%
• Foreign-born: 51% · Canada, Jamaica, Dominican Republic
• Languages at home: 25% English-only · French/Haitian/Cajun 41% 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: ▼ -492.86%
• Current HPI: 630.6932
• Rent YoY: ▼ -0.73%
• 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

+319.4% since first listed

14 events — show timeline

• 2026-05-08 Price Changed $130,000 MARMLS
• 2026-03-02 Relisted — MARMLS
• 2026-02-16 Pending — MARMLS
• 2025-10-14 Listed $145,000 MARMLS
• 2022-05-12 Sold (Public Records) $142,000 Public Records
• 2022-05-06 Sold (MLS) $142,000 MARMLS
• 2022-05-02 Pending — MARMLS
• 2022-04-08 Contingent — MARMLS
• 2022-03-31 Listed $140,000 MARMLS
• 2015-12-30 Sold (MLS) $475,000 MARMLS
• 2015-11-13 Pending — MARMLS
• 2015-08-26 Listed $55,000 MARMLS
• 2005-07-07 Sold (Public Records) $87,000 Public Records
• 1979-07-01 Sold (Public Records) $31,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $3,144 · -0.1% YoY. Source: county tax records.