927 Euclid Ave Apt 10
About
2-story condo located in Miami Beach, Florida, built in 1925 and converted in 2012. Featured on HGTV’s “My Lottery Dream Home” in September 2022, the property was unaffected by Hurricane Ian and includes flood insurance and hurricane impact windows. The unit features a modern eat-in kitchen with stainless steel appliances, washer and dryer, and one A/C unit per floor, and comes with appliances, blinds, and furniture. It is located steps from Ocean Drive, the beach, and the Atlantic Ocean, and within walking distance of the Art Deco District, Española Way, and Lincoln Road. The property is currently occupied on a month-to-month lease at $2,800 per month. This property received a $7,000 loan at a 13.5% interest rate to cover HOA assessment fees.
Due Diligence Documents
Offering Details
The Market
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Property Updates
Property Update (07/14/2026):
S&P Property Management LLC
927 Euclid Ave, Miami Beach, FL 33139 Monthly Cash Flow Statement (Current as of July 2026)
Cashflow Summary: Hello All, this past month we have serviced a lot of maintenance updates along with the Whalec team. We are currently capitalized, but we have outstanding payments coming shortly. While the tenant was without multiple services last month, a one-time rental credit was provided due to the extended nature of these services being out. A special assessment may be on its way or it might not. However, I have been coordinating with multiple private lenders and members of the DAO to raise $15k in a mixed dilutive equity raise. If this is of interest to you to participate, please message in discord. We would like to refinance the 13.5% existing loan and still have a sufficient amount of cash in the reserves, unfortunately rental payments alone is not conducive to raise capital as we have done on other properties.
Income Monthly gross rent: $2,800
Expenses (Monthly)
Property taxes & insurance: $730.06
Homeowners Association: $724.00
Property management (10%): $280.00
Utilities (tenant-paid): $0
Water/sewer (tenant-paid): $0
DAO LLC admin fee: $62.50
Total Monthly Expenses: $1796.56
Monthly NOI (Net Operating Income) $2,800 – $1796.56 - $650 (rent credit) = $353.44
Cash Reserves OR replenishment: $353.44 2026 Escrow YTD: $792.56 PM Held Reserves: $3,360.83
Below-Line Expenses
- Washing machine & installation: $920.16 (Paid)
Rent Distribution Amount sent to Lofty: $0.00
S&P Property Management LLC Scout & Pleb
Investor Reviews
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