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$1,950,000

For Sale - Active
10361 NE 4th Ave, Miami Shores, FL 33138
4 Beds
3 Baths
2,826 Square Feet
0.19 Acres Lot
Built in 1953
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: May 28, 2025 at 08:39AM

Investment Summary


Monthly Cash Flow
-$5,525
Cap Rate
2.7%
Cash-on-Cash Return
-14.8%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.3%

Property Description


0.19 Acres Lot
Built in 1953
For Sale - Active
Units n/a

Miami Shores WATERFRONT 3 bedroom 2 bath on 2nd floor and a very large bedroom / Florida room.+ 1/2 bath the first floor. Water VIEWS from every room and very large 12,000+ lot with room for pool. Open kitchen with Fisher and Paykel/Cafe appliances, quartz counters and gaz range. Impact windows, updated electricity and plumbing. COVERED garage. Walking distance to Miami Shores Country club golf course and all the best Miami Shores schools. Florida living at its best!

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Location


Property Details


Parking

  • Details: Attached, Driveway, Garage, Guest
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Barrel

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1122310150120
  • Lot Size: 8250 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 1953

Tax Information

  • Annual Tax: $18,471

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Marc Sacheli
Sterling Equity Realty LLC
(305) 898-2818

Source:
MIAMI REALTORS MLS
MLS#: A11800855
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$5,525
Cap Rate
2.7%
Cash-on-Cash Return
-14.8%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.3%

Purchase Details

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Purchase price:
$1,950,000
Amount financed:
-$1,560,000
Down payment:
$390,000
Closing costs:
$58,500
Rehab costs:
$0
Initial cash invested:
$448,500
Square feet:
2,826
Cost per square foot:
$690
Monthly rent per square foot:
$3.08

Financing Details

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Loan amount:
$1,560,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$9,989
Property tax:
$1,539
Insurance:
$609
Private mortgage insurance (PMI):
$0
Monthly payment:
$12,137

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,700 $104,400
Vacancy loss: (6%)
6% -$522 -$6,264
Operating income:
$8,178 $98,136

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$1,539-$18,471
Insurance: (7%)
7%-$609-$7,308
Property management: (8%)
8%-$696-$8,352
Repairs & maintenance: (5%)
5%-$435-$5,220
Capital expenditures: (5%)
5%-$435-$5,220
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$3,714-$44,571

Cash Flow


Monthly Yearly
Net operating income:
$4,464 $53,568
Mortgage payments:
-$9,989 -$119,868
Cash flow:
$5,525 $66,300