Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 560 sq ft
Active · Condominium
$699,900
398 NE 5th Street 1715, Miami, FL 33132
- Beds
- 1
- Baths
- 1
- Living area
- 560 sq ft
- $ / sq ft
- $1,250/sq ft
- Year built
- 2022
- Lot size
- —
- HOA fee
- $862
- Annual tax
- —
About this property
This true 1-bedroom, 1-bath residence offers 560 sq. ft. of thoughtfully designed living space with captivating views of Biscayne Bay and the Downtown Miami skyline. Located at The Elser Residences in the heart of Downtown Miami, steps from entertainment, art, culture, dining, shopping, and nightlife. Just minutes from the beaches and directly across from the Kaseya Center, home of the Miami Heat. Fully furnished with a modern gourmet kitchen. Licensed for full-time living as well as short- and long-term rentals. A professional management company is already in place, offering a seamless turnkey investment or primary residence opportunity.
Property location
Get Directions398 NE 5th Street 1715, Miami, FL 33132
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 2022
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $862
- County
- Miami-Dade
- MLS listing ID
- R11151415
- 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
-$3,057
- Cap rate
- 0.4%
- Net yield
- 0.4%
- Cash-on-cash return
- -18.7%
- Gross yield
- 5.0%
- Mortgage payment
- $3,318/mo
- Down payment
- $174,975
- Loan amount
- $524,925
- Annual NOI
- $3,135
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.