🏎️ The 1% Rule Hits the Track This Weekend

Hello! It’s F1 weekend in Miami, which means two things: traffic is a competitive sport, and if you’re reading this, you’re already ahead of the pack.

This is the first-ever issue of Miami Multifamily Minute — and you’re early. Like “watched-F1-before-Netflix-made-it-cool” early. Before TikTok knew who Toto Wolff was. Before the Monaco memes.

Instead of lap times and pit stops, we’re here for cash flow, comps, and Miami cap rates. Every other Friday(ish), I’ll send you the city’s most interesting multifamily listings, economic stories, and offbeat real estate news — in under 5 minutes.

Let’s hit the gas. 🏁

THE 1% RULE SNAPSHOT

🏆 Karim’s Top 3 Multifamily Picks

📍 2300 NW 20th St – Fort Lauderdale
💵 $599,900 | 🏠 Triplex | 💰 Est. Rent: $5,500/mo
✅ 0.92% Rule
Newer triplex on the market with strong rental income. Just 35 days listed. Great mid-price option in a hot zip code.
🔗 View listing

📍 2205 A E Isaacs Ave – West Palm Beach
💵 $545,000 | 🏠 Duplex | 💰 Est. Rent: $5,100/mo
✅ 0.94% Rule
Light cosmetic updates could push this past the 1% threshold. Good layout and decent square footage.
🔗 View listing

📍 655 NE 135th St – Miami
💵 $720,000 | 🏠 Duplex | 💰 Est. Rent: $6,700/mo
✅ 0.93% Rule
Larger duplex with strong income in a desirable pocket. Stable tenant base and solid long-term upside.
🔗 View listing

🍴FOOD TRUCKS ADD FLAVOR - BUT NOT FIRE TO RENTS

Miami’s zoning board recently loosened restrictions to allow food trucks to operate more freely in areas like Wynwood and Little River — a small win for entrepreneurs and anyone who thinks dinner tastes better out of a window.

But while the move adds energy to underused lots and empty corners, it’s not pushing rents up.

In fact, rents across much of Miami are trending down this year. Inventory is rising, and tenants have more options — especially in Class B and C properties. That said, food truck parks can still bring foot traffic and improve walkability scores, which long term, helps neighborhood appeal.

Why it matters: It’s a vibe upgrade, not a rent driver (yet). Great to have nearby, but don’t buy just because the tacos are 🔥.

🏎️ A NEW STAR ON THE GRID

All eyes were on Miami this weekend, and an 18-year-old just stole the show.

Kimi Antonelli, a Mercedes rookie, grabbed pole in sprint qualifying with a 1:26.482 lap — making him the youngest ever to do it. While Lando and Max may dominate race day, Kimi’s moment was the headline.

The Miami Grand Prix is more than a race — it’s a $450M+ economic engine. STR prices surge. Restaurants fill. Retail gets foot traffic. And neighborhoods near the action get national exposure.

Why it matters: If you’re investing near Edgewater, Downtown, or Midtown… May is your comp reset season.

🐔THE CHICKEN NUGGET LAWSUIT THAT ACTUALLY AFFECTS YOU

A Florida jury awarded $800K to a family after their child was burned by a hot McNugget. Funny headline, serious ripple effect.

Franchise operators are now re-checking liability clauses and insurance terms in their commercial leases. This is especially true for triple-net (NNN) strip centers and QSR spots.

Why it matters: If you’re looking at fast-food–anchored properties, understand who’s on the hook when things get messy. One overlooked clause can burn more than your fingers.

ENJOYED THE ISSUE?

I’m currently testing this out with my close circle and hope to launch it to a wider audience soon. Your feedback is invaluable to me, so if you have any thoughts on how I can improve, I’m all ears!

I hope these insights help guide your real estate investment journey. As always, feel free to reach out to me for trusted advice or if you need help with your home purchase or sale. With my engineering background, I provide detailed investment analysis and year-over-year projections to help you make confident, informed decisions.

If you found this newsletter helpful, I’d love for you to forward it to a friend (or two) who’s interested in real estate—or someone you think should start getting more interested in investing. The more, the merrier on this journey to smarter investing!