WorkspaceDiscoverCondo · Miami Beach · Miami-Dade County
8024 Tatum Waterway Dr #5A, Miami Beach
Archived condo research at a last advertised $429,999. Current page history records temporary removal on 14 Sep and expiry on 15 Sep 2026, despite a for-sale summary.
Recorded status: Expired / off-market conflict; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 6.7% Estimate · rent potential ÷ asking price
- Asking price
- $429,999
Rent potential · Estimate: $2,414/moBroad HUD benchmark, not property-specific market rent or current collections.
- Estimated annual NOI
- $6,403 Before debt and capital reserves
- Estimated cap rate
- 1.5% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $461 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 | $533 | 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
2 bedrooms advertised; one condo unit
- Reported units
- 1
- Reported listing area
- 1,200 sq ft
- Asking / reported sq ft
- $358
- HOA / month
- $533
Broker info & key considerations To confirm
- Do not treat as available: current page history conflicts with its summary and the 23 Sep workbook.
- HOA source was $1,600 quarterly, normalized to $533.33 monthly; obtain current dues.
- Rental duration and lease-count fields are reversed across source sections; no short-term rental permission inferred.
- Historical tax source conflicts ($5,536 in MLS vs $5,636 public-record section); amount left unknown.
Source evidence and diligence
Financial figures observed Sep 25, 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
- Compass / A11982572 · conflicting status and history checked 25 SepSource observation · Sep 25, 2026
- Listing page on zillow.comWorkbook observation · Sep 23, 2026
- Workbook supporting source · 23 SepWorkbook observation · Sep 23, 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
- 6039 Collins Ave #534, Miami Beach: condo, asking $430,000
- 50 Biscayne Blvd #2507, Miami: condo, asking $435,000
- 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