398 NE 5th St 2215, Miami, FL 33132 — MLS photo

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398 NE 5th St 2215, Miami, FL 33132

Active · Condominium

$665,000

398 NE 5th St 2215, Miami, FL 33132

Beds
1
Baths
1
Living area
560 sq ft
$ / sq ft
$1,188/sq ft
Year built
2022
Lot size
—
HOA fee
$2,950
Annual tax
—

About this property

Welcome to the heart of the action! This stunning residence is centrally located in Downtown, offering breathtaking views of Biscayne Bay. Imagine a lifestyle where the city's best culinary experiences are just a short walk from your front door. This is truly a walker's paradise. This property is the definition of flexibility. It is perfectly suited for the modern investor looking to maximize returns through short-term rentals, secure a steady annual tenant, or simply enjoy a personal luxury residence in the city. Sold totally furnished with high-end designer finishes, this unit is ready for immediate use. The building features 5-star amenities, including a state-of-the-art gym and a spectacular, expansive pool deck with a restaurant right on the same floor—offering resort-style living without ever leaving the building. Don't miss this opportunity to own a piece of the skyline that pays for itself.

Property location

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398 NE 5th St 2215, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
560 sq ft

Exterior & Structure

Property type
Condominium
Year built
2022

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,950
County
Miami-Dade
MLS listing ID
A11921516
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

-$4,990

Cap rate
-3.3%
Net yield
-3.3%
Cash-on-cash return
-32.2%
Gross yield
5.1%
Mortgage payment
$3,152/mo
Down payment
$166,250
Loan amount
$498,750
Annual NOI
-$22,050

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