3250 NE 1st Ave 605, Miami, FL 33137 — MLS photo

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3250 NE 1st Ave 605, Miami, FL 33137

Active · Condominium

$640,000

3250 NE 1st Ave 605, Miami, FL 33137

Beds
2
Baths
2
Living area
1,082 sq ft
$ / sq ft
$591/sq ft
Year built
2007
Lot size
—
HOA fee
$1,605
Annual tax
—

About this property

Short term rental allowed. AIRBNB and VRBO permitted. Fully equipped, 1 parking space. Great FOR INVERTORS. Renovated 2 Bed, 2 bath, tastefully decorated. Midblock, a building, in one of Miami’s most exciting neighborhoods, It is known for industrial-chic art galleries, world-class shopping, restaurant, night life, Art Bassel. Minutes from the beach and very lose to the airport

Property location

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3250 NE 1st Ave 605, Miami, FL 33137

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,082 sq ft

Exterior & Structure

Property type
Condominium
Year built
2007

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,605
County
Miami-Dade
MLS listing ID
A11915985
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

-$2,688

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.0%
Gross yield
7.0%
Mortgage payment
$3,034/mo
Down payment
$160,000
Loan amount
$480,000
Annual NOI
$4,146

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.