16900 NE 14 #109 · North Miami Beach, FL 33162

$65,000

1 bd · 1.0 ba · 688 sqft · Condo public records · 45 Days on market

Built 1965 $750/mo HOA · 24% of rent ↓ 14% since listing

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

Key facts

• $750 HOA
• Garage
• Community pool

Property features AI

Finance

• Financial info: Association fee is billed monthly
• HOA & community: Monthly association fee; Association amenities include pool, fitness center, clubhouse, billiard room, business center, hobby room, sauna, bike storage, storage, barbecue/picnic area, laundry, and trash service; Association covers amenities, common areas, insurance, laundry, maintenance of grounds and structure, pool(s), reserve fund, roof, sewer, security, trash and water; Senior community; Pets allowed with restrictions

Exterior

• Parking: One covered garage space; Guest parking available
• Security: Complex fenced; Security guard; Smoke detector(s)
• Utilities: Has heating and cooling
• Home design: Attached property; 3-story building; First-floor entry
• Construction: Block construction; Resale property
• Exterior features: Balcony; Screened balcony; Barbecue; Fence; Association heated pool

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Microwave; Water purifier
• Bedrooms: Bedroom located on the main level
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; Wall/window air conditioning units
• Interior features: Bedroom on main level; First floor entry; Tile flooring; Smoke detector(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $65k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 30.5% 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.
• Market conditions: Rents soft (-1.6%/yr); 284 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,185/mo this rent would consume 63% of the median local household income ($61k/yr) (locally 2509% 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 $449 of loan paydown is wiped out by about $2k 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 $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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: HOA is 24% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1965 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 4.90% ✓
• Cap rate: 30.46%
• Cash-on-cash: 86.32%
• DSCR: 4.84
• GRM: 1.7

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: 82.1%
• Equity multiple: 4.52×
• Total profit: $64,031
• Equity at exit: $9,692

10-year hold

• IRR: 84.5%
• Equity multiple: 8.10×
• Total profit: $129,141
• Equity at exit: $5,620

Cash invested: $18,200 (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 33162

• Rents YoY: -1.6%
• Active inventory: 284
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $3,185 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$89 /mo · $1,070/yr
• Insurance: −$27
• HOA: −$750
• Vacancy / Maint / Mgmt: −$669
• Net cashflow: $1,309

Break-even live

Break-even rent $1,528

Max offer price $65,000

Occupancy floor 54%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $750 · $9,000/yr
• Likely covers: landscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-18
   days on market $65,000 Active 45 DOM
2. 2026-06-17
   days on market $65,000 Active 44 DOM
3. 2026-06-16
   days on market $65,000 Active 43 DOM
4. 2026-06-15
   days on market $65,000 Active 42 DOM
5. 2026-06-13
   days on market $65,000 Active 40 DOM
6. 2026-06-09
   days on market $65,000 Active 36 DOM
7. 2026-06-08
   days on market $65,000 Active 35 DOM
8. 2026-06-07
   days on market $65,000 Active 34 DOM
9. 2026-06-04
   days on market $65,000 Active 31 DOM
10. 2026-06-03
    days on market $65,000 Active 30 DOM
11. 2026-06-02
    days on market $65,000 Active 29 DOM
12. 2026-06-01
    days on market $65,000 Active 28 DOM
13. 2026-05-31
    days on market $65,000 Active 27 DOM
14. 2026-04-30
    historical
15. 2026-04-14
    listed $65,000 Active
16. 2025-09-04
    price $89,000
17. 2025-04-07
    listed $95,500 Active
18. 2023-12-13
    soldstatus $87,000 Closed 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

19. 2023-10-30
    status Pending 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

20. 2023-10-10
    price $95,000 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

21. 2023-10-10
    price $97,000 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

22. 2023-10-02
    price $98,000 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

23. 2023-07-24
    price $99,500 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

24. 2023-07-17
    listed $109,000 Active 732-char remark

    Show marketing remark (732 chars)

    Explore this remarkable 55+ community that offers an affordable living option. The unit, situated on the first floor, is enveloped by beautiful landscaping and comes fully furnished/ turn key. You'll have convenient access to various amenities and a designated private parking spot. Public transportation, jogging trails, and brand-new shopping plazas and restaurants, including popular stores like Publix, Walmart, TJ Maxx, 163rd mall, Chipotle, and Chick-fil-A, are just a stone's throw away. The community is also conveniently located near churches, and you can easily walk to the local synagogue and only 10 min drive from the beach. If you'd like a virtual showing, simply reach out to the listing agent via text or phone call.

25. 2022-05-17
    soldstatus $70,000 Closed
26. 2022-05-06
    status Pending
27. 2022-04-20
    historical Active Under Contract
28. 2022-04-01
    status Pending
29. 2022-01-23
    historical Active Under Contract
30. 2021-12-20
    listed $76,000 Active

ⓘ 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: $1,070 · $89/mo
• Projected year-2 tax: $1,070 · $89/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 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 30 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: $38,222
• − Mortgage interest: −$3,641
• − Property taxes: −$1,070
• − Insurance: −$325
• − Repairs & maintenance: −$3,058
• − Management: −$3,058
• − HOA: −$9,000
• − Depreciation: −$1,891
• Taxable income: $16,180
• Est. tax owed @ 24.0%: −$3,883
• After-tax cash flow: $11,827/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

• County: Miami-Dade County · 2,697,751 people
• City population: 90,324
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 46,606
• Household income: $60,692
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 2509.0

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 0.62)
• Race & ethnicity: Black 53% Hispanic / Latino 30% Two or more races 15% White 12% Asian 2%
• Hispanic origin (detail): Puerto Rican 4% Cuban 7% Dominican 3%
• Common ancestry: Hispanic 31% Romanian 1% Scotch-Irish 1%
• Foreign-born: 52% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · French/Haitian/Cajun 35% 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: ▼ -445.57%
• Current HPI: 596.6178
• Rent YoY: ▼ -1.59%
• 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

-14.5% since first listed

17 events — show timeline

• 2026-04-30 Listing Removed — MARMLS
• 2026-04-14 Listed $65,000 MARMLS
• 2025-09-04 Price Changed $89,000 MARMLS
• 2025-04-07 Listed $95,500 MARMLS
• 2023-12-13 Sold (MLS) $87,000 MARMLS
• 2023-10-30 Pending — MARMLS
• 2023-10-10 Price Changed $95,000 MARMLS
• 2023-10-10 Price Changed $97,000 MARMLS
• 2023-10-02 Price Changed $98,000 MARMLS
• 2023-07-24 Price Changed $99,500 MARMLS
• 2023-07-17 Listed $109,000 MARMLS
• 2022-05-17 Sold (MLS) $70,000 MARMLS
• 2022-05-06 Pending — MARMLS
• 2022-04-20 Contingent — MARMLS
• 2022-04-01 Pending — MARMLS
• 2022-01-23 Contingent — MARMLS
• 2021-12-20 Listed $76,000 MARMLS

Property tax history

+2.0%/yr

Latest (2025): $1,070 · -9.1% YoY. Source: county tax records.