WorkspaceDiscoverCondo · Miami Beach · Miami-Dade County
7441 Wayne Ave #8G, Miami Beach
One 2-bedroom plus den / 2-bath condo, 1,207 SF. MLS A12053987 records a completed sale on October 6, 2026 for $340,000. The retained $350,000 figure is its last asking price.
Recorded status: Sold / closed; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 8.3% Estimate · rent potential ÷ asking price
- Asking price
- $350,000
Rent potential · Estimate: $2,414/moBroad HUD benchmark, not property-specific market rent or current collections.
- Estimated annual NOI
- $300 Before debt and capital reserves
- Estimated cap rate
- 0.1% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- -$47 All cash · after reserves
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | $2,414 | HUD-based planning rent |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 1.88% | Matches planning allowance |
| Annual insurance | $1,800 | Matches planning allowance |
| Annual owner-paid utilities | $600 | Matches planning allowance |
| Monthly HOA or condo fees | $1,167 | Matches source observation |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
One condo residence: 2 bedrooms plus den and 2 baths; sold October 6, 2026.
- Reported units
- 1
- Reported listing area
- 1,207 sq ft
- Asking / reported sq ft
- $290
- HOA / month
- $1,167
- Historical property tax / year
- $2,849
- HOA + historical tax / month
- $1,404
$1,404/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- MLS says OK To Lease. Obtain current minimum term, annual lease limits and any waiting period in writing. First-year model assumes permission; no nightly-rental assumption.
- Reported HOA $1,167/month. No unit-specific special-assessment amount or payoff statement found. Another unit in Parkview Point markets a seller-paid assessment; this does not establish #8G's liability. Current estoppel and budget required.
- Workbook rent estimates are analyst assumptions and are not imported as collected rent.
Source evidence and diligence
Financial figures observed Sep 23, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Displayed whole-property scheduled rent × 12 divided by source asking price, not your saved offer. HUD-based planning rent: FY2027 HUD FMR for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (METRO33100MM5000), effective October 1, 2026. Documented bedrooms per offered unit: 2. Published gross housing benchmark $2,564/month includes major utilities, excluding phone, cable/satellite TV and internet. Subtract $150/month ($150/unit) for assumed tenant-paid electricity; remaining owner-paid services use the separate displayed utility budget. This electricity amount is editable budgeting policy, not a verified allowance or conservative bound. Replace scheduled rent and utility inputs with leases, payer terms and local bills. The adjusted $2,414/month is a full-occupancy scenario, not a rental appraisal, lease offer, subsidy payment standard or eligibility decision. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
Sources
- Coldwell Banker · A12053987 sold 6 Oct for $340,000; checked 8 Oct; prior financial dates retainedSource observation · Oct 8, 2026
- Listing page on zillow.comWorkbook observation · Sep 23, 2026
- Workbook supporting source · 23 SepWorkbook observation · Sep 23, 2026
- 2 Oct availability review · Coldwell Banker / MLS A12053987; pending 30 SepSource observation · Oct 2, 2026
Questions to resolve
- Obtain current estoppel, budget, reserves, insurance and assessment balances.
- Confirm new-owner rental eligibility and lease limits in writing.
- Inspect the unit and building reports; price immediate work and HO-6 insurance.
Similar properties
- 31 SE 5th St #409, Miami: condo, asking $359,000
- 1901 NW South River Dr #16B, Miami: condo, asking $369,000
- 5005 Collins Ave #424, Miami Beach: condo, asking $399,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods