737 Jefferson Ave #305 · Miami Beach, FL 33139

$349,000

2 bd · 1.0 ba · 705 sqft · Condo public records · 125 Days on market

Built 1925 $551/mo HOA · 12% of rent

---

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 +23.0/30.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Appreciation +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0

Listing remarks MLS

Best deal on the building! Best price per sq. ft. on the market! Lovingly renovated two bedroom condo on the top floor of a charming 1920’s old Spanish Mediterranean building. Features desirable split floor plan layout, lots of closet space & flooded with sunlight. W/ D in the unit. Open and renovated kitchen boasts new appliances & Mexican tile throughout. Conveniently located walking distance to the beach, Lincoln Road shopping and dining and Flamingo Park. Unit comes unfurnished. For showing instructions see broker remarks.

Key facts

• Skyline views
• Washer and dryer
• Split floor plan

Tags

• TOP FLOOR
• SKYLINE VIEWS
• SPLIT FLOOR PLAN
• LOTS OF CLOSET SPACE
• WASHER AND DRYER
• WALKING DISTANCE TO THE BEACH

Property features AI

Finance

• Financial info: Pets allowed with restrictions
• HOA & community: Monthly association fee; Association fee covers common areas, hot water, insurance, structure maintenance, sewer, trash and water

Exterior

• Parking: On-street parking
• Security: Lobby secured; Complex fenced; Smoke detectors
• Utilities: Public water; Public sewer; Electric service
• Home design: Condominium with attached property; 3 total stories; Entry on third floor
• Construction: Block construction; Resale property
• Exterior features: Courtyard; Complex fenced; Lobby secured; Smoke detectors

Interior

• Kitchen: Built-in oven; Microwave; Refrigerator
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds on windows; Third-floor entry; Unfurnished
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $349k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $349k).
• Recommended offer: $307k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 1.5% in 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 80/100 on livability (#108 in FL, #1,672 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: housing C-, amenities D-, 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 (-0.4%/yr); 1214 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,486/mo this rent would consume 77% of the median local household income ($70k/yr) (locally 4052% 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 (-2.2%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 125 days — a 12% lower offer ($307k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 9y ago; this cycle's ask is 11934% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 8→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $307,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 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 1925 — 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. Schools are A-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?
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: 1.29% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.65%
• DSCR: 1.34
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.19% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.54×
• Total profit: $-44,564
• Equity at exit: $64,804

10-year hold

• IRR: -10.0%
• Equity multiple: 0.38×
• Total profit: $-60,318
• Equity at exit: $52,569

Cash invested: $97,720 (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 33139

• Home prices YoY: -0.8%
• Rents YoY: -0.4%
• Active inventory: 1214
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $4,486 medium
• Mortgage (P&I): −$1,830
• Tax from tax record: −$395 /mo · $4,738/yr
• Insurance: −$145
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$551
• Vacancy / Maint / Mgmt: −$942
• Net cashflow: $196

Break-even live

Break-even rent $4,238

Max offer price $349,000

Occupancy floor 91%

Sensitivity live

Price	-10% $394	-5% $295	+0% $196	+5% $97	+10% $-1
Rent	-10% $-158	-5% $19	+0% $196	+5% $373	+10% $551
Rate	-1.0pp $372	-0.5pp $285	base $196	+0.5pp $106	+1.0pp $14

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1602 Meridian Ave Miami Beach, FL	4.0	1.0–3.0	917	$11,900	$12.97	15d	1	0.78mi
15713 Fisher Island Dr #15713 Miami Beach, FL	2.0	1.5	670	$20,000	$29.85	25d	1	1.46mi
2201 Collins Ave Miami Beach, FL	1.0–3.0	1.0–2.0	1121	$22,500	$20.06	25d	2	1.49mi

HOA detail condo

• Monthly dues: $551 · $6,612/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 43 events

1. 2026-06-21
   days on market $349,000 Active 125 DOM
2. 2026-06-18
   days on market $349,000 Active 122 DOM
3. 2026-06-17
   days on market $349,000 Active 121 DOM
4. 2026-06-16
   days on market $349,000 Active 120 DOM
5. 2026-06-15
   days on market $349,000 Active 119 DOM
6. 2026-06-13
   days on market $349,000 Active 117 DOM
7. 2026-06-09
   days on market $349,000 Active 113 DOM
8. 2026-06-08
   days on market $349,000 Active 112 DOM
9. 2026-06-07
   days on market $349,000 Active 111 DOM
10. 2026-06-04
    days on market $349,000 Active 108 DOM
11. 2026-06-03
    days on market $349,000 Active 107 DOM
12. 2026-06-02
    days on market $349,000 Active 106 DOM
13. 2026-06-01
    days on market $349,000 Active 105 DOM
14. 2026-05-31
    days on market $349,000 Active 104 DOM
15. 2026-05-14
    price $349,000
16. 2026-05-14
    historical $2,900
17. 2026-04-27
    listed $2,900
18. 2026-04-24
    price $379,000
19. 2026-02-16
    listed $398,000 Active
20. 2025-11-18
    historical
21. 2025-09-10
    listed $375,000 Active
22. 2023-10-20
    historical $2,600
23. 2023-10-07
    listed $2,600
24. 2023-02-06
    soldstatus $342,000
25. 2023-01-31
    soldstatus $342,000 Closed 550-char remark

    Show marketing remark (550 chars)

    Best deal on the building! Best price per sq. ft. on the market! Lovingly renovated two bedroom condo on the top floor of a charming 1920’s old Spanish Mediterranean building. Features desirable split floor plan layout, lots of closet space & flooded with sunlight. W/ D in the unit. Open and renovated kitchen boasts new appliances & Mexican tile throughout. Conveniently located walking distance to the beach, Lincoln Road shopping and dining and Flamingo Park. Unit comes unfurnished. For showing instructions see broker remarks.

26. 2022-12-29
    historical Active Under Contract 550-char remark

    Show marketing remark (550 chars)

    Best deal on the building! Best price per sq. ft. on the market! Lovingly renovated two bedroom condo on the top floor of a charming 1920’s old Spanish Mediterranean building. Features desirable split floor plan layout, lots of closet space & flooded with sunlight. W/ D in the unit. Open and renovated kitchen boasts new appliances & Mexican tile throughout. Conveniently located walking distance to the beach, Lincoln Road shopping and dining and Flamingo Park. Unit comes unfurnished. For showing instructions see broker remarks.

27. 2022-09-25
    listed $349,000 Active 550-char remark

    Show marketing remark (550 chars)

    Best deal on the building! Best price per sq. ft. on the market! Lovingly renovated two bedroom condo on the top floor of a charming 1920’s old Spanish Mediterranean building. Features desirable split floor plan layout, lots of closet space & flooded with sunlight. W/ D in the unit. Open and renovated kitchen boasts new appliances & Mexican tile throughout. Conveniently located walking distance to the beach, Lincoln Road shopping and dining and Flamingo Park. Unit comes unfurnished. For showing instructions see broker remarks.

28. 2021-08-20
    soldstatus $207,000 Closed
29. 2021-07-15
    status Pending
30. 2021-07-02
    price $219,000
31. 2021-05-04
    price $228,000
32. 2021-03-19
    listed $248,000 Active
33. 2020-02-29
    historical
34. 2020-02-19
    price $225,000
35. 2019-11-19
    price $230,000
36. 2019-10-14
    price $249,000
37. 2019-09-16
    listed $260,000 Active
38. 2018-08-03
    historical
39. 2018-03-06
    price $250,000
40. 2017-11-06
    listed $292,000 Active
41. 2007-04-20
    soldstatus $232,500
42. 2007-04-05
    soldstatus $232,500
43. 2000-11-01
    soldstatus $128,000

ⓘ 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: $4,738 · $395/mo
• Projected year-2 tax: $4,738 · $395/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 2/10 Low
• 🌡 Heat 10/10 Extreme 8 d/yr ≥101°F today · 32 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: $53,834
• − Mortgage interest: −$19,549
• − Property taxes: −$4,738
• − Insurance: −$6,864
• − Repairs & maintenance: −$4,307
• − Management: −$4,307
• − HOA: −$6,612
• − Depreciation: −$10,153
• Taxable loss: −$2,695
• Est. tax savings @ 24.0%: +$647
• After-tax cash flow: $3,000/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 Beach

• Score: 80/100
• State rank: #108
• US rank: #1672

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,533
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,753
• Household income: $69,793
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 4052.0

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: Hispanic / Latino 51% White 40% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 15% Salvadoran 3%
• Common ancestry: Lithuanian 3% Scotch-Irish 2% Romanian 2%
• Foreign-born: 56% · Canada, Jamaica, Dominican Republic
• Languages at home: 37% English-only · Spanish 49% Other Indo-European 5% French/Haitian/Cajun 3%

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: ▼ -2.19%
• Current HPI: 277.9321
• Rent YoY: ▼ -0.36%
• 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

+172.7% since first listed

29 events — show timeline

• 2026-05-14 Price Changed $349,000 MARMLS
• 2026-05-14 Rental Removed $2,900 MARMLS
• 2026-04-27 Listed for Rent $2,900 MARMLS
• 2026-04-24 Price Changed $379,000 MARMLS
• 2026-02-16 Listed $398,000 MARMLS
• 2025-11-18 Listing Removed — MARMLS
• 2025-09-10 Listed $375,000 MARMLS
• 2023-10-20 Rental Removed $2,600 MARMLS
• 2023-10-07 Listed for Rent $2,600 MARMLS
• 2023-02-06 Sold (Public Records) $342,000 Public Records
• 2023-01-31 Sold (MLS) $342,000 MARMLS
• 2022-12-29 Contingent — MARMLS
• 2022-09-25 Listed $349,000 MARMLS
• 2021-08-20 Sold (MLS) $207,000 MARMLS
• 2021-07-15 Pending — MARMLS
• 2021-07-02 Price Changed $219,000 MARMLS
• 2021-05-04 Price Changed $228,000 MARMLS
• 2021-03-19 Listed $248,000 MARMLS
• 2020-02-29 Listing Removed — MARMLS
• 2020-02-19 Price Changed $225,000 MARMLS
• 2019-11-19 Price Changed $230,000 MARMLS
• 2019-10-14 Price Changed $249,000 MARMLS
• 2019-09-16 Listed $260,000 MARMLS
• 2018-08-03 Listing Removed — MARMLS
• 2018-03-06 Price Changed $250,000 MARMLS
• 2017-11-06 Listed $292,000 MARMLS
• 2007-04-20 Sold (Public Records) $232,500 Public Records
• 2007-04-05 Sold (MLS) $232,500 MARMLS
• 2000-11-01 Sold (Public Records) $128,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $4,738 · -10.1% YoY. Source: county tax records.