Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 848 sq ft
Active · Condominium
$550,000
481 NE 29th St 705, Miami, FL 33137
- Beds
- 2
- Baths
- 2
- Living area
- 848 sq ft
- $ / sq ft
- $649/sq ft
- Year built
- 2018
- Lot size
- —
- HOA fee
- $904
- Annual tax
- —
About this property
Investment Opportunity: Airbnb Allowed! This prime property, located in the sought-after Edgewater neighborhood, offers a rare investment opportunity. Just blocks away from key areas like Midtown, Brickell, Downtown, Wynwood, and the beach, it promises a high demand from both tourists and business travelers, ensuring a strong occupancy rate. The combination of location and Airbnb-friendly policies makes this property an excellent choice for generating consistent rental income.
Property location
Get Directions481 NE 29th St 705, Miami, FL 33137
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 2018
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $904
- County
- Miami-Dade
- MLS listing ID
- A11849594
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,968
- Cap rate
- 1.4%
- Net yield
- 1.4%
- Cash-on-cash return
- -15.3%
- Gross yield
- 6.6%
- Mortgage payment
- $2,607/mo
- Down payment
- $137,500
- Loan amount
- $412,500
- Annual NOI
- $7,673
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.