WorkspaceDiscoverCondo · Miami · Miami-Dade County
50 Biscayne Blvd #2507, Miami
Individual condo marketed for investor income with existing tenancy. Source reports an existing lease through February 8, 2027. Rent amount is not disclosed.
Recorded status: Broker page reported active; recheck availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 5.9% Estimate · rent potential ÷ asking price
- Asking price
- $435,000
Rent potential · Estimate: $2,150/moBroader city benchmark; location, condition and rental rules need review.
- Estimated annual NOI
- -$1,559 Before debt and capital reserves
- Estimated cap rate
- -0.4% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- -$194 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 | $2,150 | City listing benchmark |
| 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) | 2% | Matches planning allowance |
| Annual insurance | $1,800 | Matches planning allowance |
| Annual owner-paid utilities | $600 | Matches planning allowance |
| Monthly HOA or condo fees | $927 | 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 individual condo offered
- Reported units
- 1
- Reported listing area
- 800 sq ft
- Asking / reported sq ft
- $544
- HOA / month
- $927
- Historical property tax / year
- $5,135
- HOA + historical tax / month
- $1,355
$1,355/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
- Marketing describes investor income but supplies no actual rent figure. No rent, yield or NOI has been inferred.
- The source states a buyer seeking occupancy must honor the existing lease.
- Tenant occupancy, lease terms, income, costs and current listing availability have not been independently verified.
- Tenant occupancy limits showings. Any visit requires authorized coordination.
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. City listing benchmark: Screening policy using 3 distinct Miami city-wide listing observations of the same property type and offered unit count, exact total bedrooms and interior area within 25%. Rent is scaled by total interior area. The selected amount is the lowest scaled observation less a 25% policy allowance; the upper comparison range adds 25%. This range is not a statistical confidence interval or market appraisal. These dated listing rents do not establish the subject’s leases, collections, condition, permitted use or turnover cost. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
Sources
- William Raveis / MiamiRE A12077629Source observation · Sep 25, 2026
Questions to resolve
- Obtain the signed lease, tenant estoppel, deposit accounting and collection history.
- Obtain a trailing operating statement, insurance quotes and a buyer property-tax estimate.
- Confirm title, legal use, municipal jurisdiction, permitted area and possession terms.
- Review condo financials, reserves, assessments, rental rules and approval requirements.
Similar properties
- 6039 Collins Ave #534, Miami Beach: condo, asking $430,000
- 5825 Collins Ave #2E, Miami Beach: condo, asking $461,000
- 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