121 NE 5th Street 807, Miami, FL 33132 — MLS photo

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121 NE 5th Street 807, Miami, FL 33132

Active · Condominium

$449,000

121 NE 5th Street 807, Miami, FL 33132

Beds
0
Baths
1
Living area
447 sq ft
$ / sq ft
$1,004/sq ft
Year built
2025
Lot size
—
HOA fee
$657
Annual tax
—

About this property

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.

Property location

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121 NE 5th Street 807, Miami, FL 33132

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
447 sq ft

Exterior & Structure

Property type
Condominium
Year built
2025

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$657
County
Miami-Dade
MLS listing ID
A11961922
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

-$1,923

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.4%
Gross yield
5.4%
Mortgage payment
$2,128/mo
Down payment
$112,250
Loan amount
$336,750
Annual NOI
$2,463

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