Active · SingleFamilyResidence
$389,999
7190 NW 21st Ave, Miami, FL 33147
- Beds
- 4
- Baths
- 2
- Living area
- 1,484 sq ft
- $ / sq ft
- $263/sq ft
- Year built
- 1959
- Lot size
- 7,500 sq ft
- HOA fee
- —
- Annual tax
- $7,649
About this property
DO NOT DISTURB TENANTS. Tenant-occupied property with no interior access available. Property consists of a 3-bedroom, 1-bath main house plus a full 1-bedroom, 1-bath unit. The 1/1 unit will require legalization and permitting. Buyer to assume any open permits, code violations, or compliance requirements associated with the property. Current rental income is approximately $3,650 per month. Property is being sold AS-IS. Excellent value-add opportunity with potential to walk into approximately $150,000–$200,000 in equity based on neighborhood comparable sales and completion of required permitting. Cash or investor-friendly financing preferred. No access. Do not walk the property or disturb occupants. Buyer to assume paying tenants currently generating approximately $3,650/month. 3/1 main house plus full 1/1 unit to be legalized and permitted by buyer. Buyer to assume any open permits and/or violations. Potential for $150K–$200K equity position. Sold AS-IS. Proof of funds required with all offers.
Interior & exterior features
Appliances
- Electric Range
- Microwave
- Refrigerator
Cooling
- Central Air
Heating
- Central
Views
- Other
Parking
- Attached Carport
- Driveway
Interior features
- Bedroom On Main Level
- First Floor Entry
Exterior features
- Patio
Pool
- None
Flooring
- Laminate
roof
- Other
construction
- CBSConcrete Block Structure
- Block
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
$656
- Cap rate
- 7.7%
- Net yield
- 7.7%
- Cash-on-cash return
- 7.2%
- Gross yield
- 11.5%
- Mortgage payment
- $1,849/mo
- Down payment
- $97,500
- Loan amount
- $292,499
- Annual NOI
- $30,056
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.