3660 NE 166th St #511 · North Miami Beach, FL 33160

$265,000

2 bd · 2.0 ba · 1,025 sqft · Condo public records · 6 Days on market

Built 1971 $960/mo HOA · 25% 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 +18.0/30.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 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 MLS

LARGE 2BED/2 BATH CONDO APARTMENT WITH WATER VIEWS. LOCATED CLOSE TO THE BEACH! OPEN CAT WALK STYLE WITH AMENITIES INCLUDING POOL, EXERCISE ROOM AND LAUNDRY FACILITIES. MINUTES TO SHOPPING AREAS, AND RESTAURANTS. PET OK UNDER 50 LBS.

Key facts

• Gated community
• Waterfront views
• Waterfront pool

Tags

• WATERFRONT VIEWS
• GATED COMMUNITY
• SCREENED-IN BALCONY
• WATERFRONT POOL
• SECURE GATED ACCESS
• EASY ACCESS TO KAYAKING

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Monthly association fee; Association fee: $960 per month; Association amenities include boat dock, clubhouse, elevators, fitness center, and pool; Association fee covers amenities and common areas

Exterior

• Parking: Assigned parking (one space)
• Security: Smoke detector(s)
• Utilities: Central heating and cooling; Electric water heater
• Home design: 7-story building; Resale unit; Entry located on level 5
• Construction: Brick and block construction
• Exterior features: Balcony (open); Association pool; Canal-front with ocean access; Has a view; Property is attached

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Microwave; Refrigerator; Electric water heater
• Bedrooms: Bedroom located on the main level
• Flooring: Ceramic tile; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First-floor entry; Bedroom on main level; Smoke detector(s)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $-200 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $230k (13.3% below list).
• Meets the 1% rule at list price ($4k rent vs $265k).
• Recommended offer: $230k (13.3% below list) — sets the bar for cash-flow.
• Cap rate 7.3% 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).

Forward outlook

• In year one you build about $3k of equity ($2k loan paydown + $1k 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 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 13y 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 $160k; list at $265k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 25% of rent.
• 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 $229,744 (13.3% 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. Built in 1971 — 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. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.48% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.67%
• DSCR: 1.16
• GRM: 5.6

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: -5.9%
• Equity multiple: 0.72×
• Total profit: $-20,824
• Equity at exit: $84,003

10-year hold

• IRR: -2.5%
• Equity multiple: 0.74×
• Total profit: $-19,481
• Equity at exit: $106,794

Cash invested: $74,200 (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: 5.6×

Monthly cashflow live

• Estimated rent: $3,914 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$405 /mo · $4,857/yr
• Insurance: −$110
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$960
• Vacancy / Maint / Mgmt: −$822
• Net cashflow: $-200

Break-even live

Break-even rent $4,166

Max offer price $229,744

Occupancy floor —

Sensitivity live

Price	-10% $-50	-5% $-125	+0% $-200	+5% $-275	+10% $-350
Rent	-10% $-509	-5% $-354	+0% $-200	+5% $-45	+10% $110
Rate	-1.0pp $-66	-0.5pp $-132	base $-200	+0.5pp $-268	+1.0pp $-338

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: $66,250
• Closing costs: $7,950
• 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	1.08mi

HOA detail condo

• Monthly dues: $960 · $11,520/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-06-21
   days on market $265,000 Active 6 DOM
2. 2026-06-18
   days on market $265,000 Active 3 DOM
3. 2026-06-17
   days on market $265,000 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   listed $265,000 Active 1 DOM

ⓘ 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: $4,857 · $405/mo
• Projected year-2 tax: $4,857 · $405/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 10/10 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: $46,965
• − Mortgage interest: −$14,844
• − Property taxes: −$4,857
• − Insurance: −$6,444
• − Repairs & maintenance: −$3,757
• − Management: −$3,757
• − HOA: −$11,520
• − Depreciation: −$7,709
• Taxable loss: −$5,924
• Est. tax savings @ 24.0%: +$1,422
• After-tax cash flow: $-973/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

32 events — show timeline

• 2026-06-05 Listed $265,000 MARMLS
• 2025-05-31 Listing Removed — MARMLS
• 2025-02-19 Rental Removed $2,300 MARMLS
• 2025-02-12 Listed for Rent $2,300 MARMLS
• 2025-01-17 Rental Removed $2,300 MARMLS
• 2024-12-21 Listed for Rent $2,300 MARMLS
• 2024-12-20 Relisted — MARMLS
• 2024-11-15 Rental Removed $2,300 MARMLS
• 2024-10-24 Listed for Rent $2,300 MARMLS
• 2024-10-24 Relisted — MARMLS
• 2024-08-19 Listed $265,000 MARMLS
• 2023-11-06 Rental Removed $2,350 MARMLS
• 2023-10-25 Price Changed $2,350 MARMLS
• 2023-09-30 Listed for Rent $2,450 MARMLS
• 2019-12-12 Sold (Public Records) $160,000 Public Records
• 2018-08-17 Sold (Public Records) $140,000 Public Records
• 2018-08-13 Sold (MLS) $140,000 MARMLS
• 2018-08-07 Pending — MARMLS
• 2018-06-12 Price Changed $159,000 MARMLS
• 2018-03-22 Price Changed $162,000 MARMLS
• 2018-03-13 Price Changed $165,000 MARMLS
• 2018-03-03 Price Changed $169,000 MARMLS
• 2018-01-18 Price Changed $172,000 MARMLS
• 2017-10-02 Price Changed $180,000 MARMLS
• 2017-08-25 Price Changed $185,000 MARMLS
• 2017-08-02 Listed $195,000 MARMLS
• 2014-01-12 Listing Removed — Beaches MLS
• 2013-10-10 Price Changed $155,000 Beaches MLS
• 2013-10-09 Listed $149,900 Beaches MLS
• 2013-06-04 Sold (MLS) $120,000 MARMLS
• 2013-05-29 Sold (Public Records) $120,000 Public Records
• 2003-06-19 Sold (Public Records) $135,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $4,857 · +7.4% YoY. Source: county tax records.