Interior
- Bedrooms
- 0
- Bathrooms
- 1
Active · Condominium
$489,000
121 NE 5th Street 1404, Miami, FL 33132
- Beds
- 0
- Baths
- 1
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 2026
- Lot size
- —
- HOA fee
- $588
- Annual tax
- —
About this property
Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living.
Property location
Get Directions121 NE 5th Street 1404, Miami, FL 33132
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 2026
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $588
- County
- Miami-Dade
- MLS listing ID
- A11992993
- 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
-$1,545
- Cap rate
- 1.9%
- Net yield
- 1.9%
- Cash-on-cash return
- -13.5%
- Gross yield
- 6.6%
- Mortgage payment
- $2,318/mo
- Down payment
- $122,250
- Loan amount
- $366,750
- Annual NOI
- $9,282
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.