Miami Beach (North Beach) - Eight units in total, all one BR, one BA units with a total sq ft of 5,100 (units average about 640 sq ft each). Loan amount is $600K. The most recent appraisal was completed in December 2008 and the value was estimated at $680K. Rents for similar properties in the area are in the $1.20 to $1.40 per sq ft.