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$2,425,000

For Sale - Active
1201 20th St Apt 314, Miami Beach, FL 33139
2 Beds
3 Baths
1,334 Square Feet
0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 11, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
-$12,373
Cap Rate
0.2%
Cash-on-Cash Return
-26.6%
Debt Coverage Ratio
0.03
Internal Rate of Return (5 years)
-21.7%

Property Description


0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Experience elevated living at its finest in this exquisite condo in Miami Beach, FL. This highrise residence offers a perfect blend of luxury and comfort, with 1,334 SqFt of thoughtfully designed space. Featuring 2 spacious bed & 2.5 baths. The layout is ideal for both relaxation & entertaining. Step into a beautifully appointed interior that exudes sophistication & style. The open-concept living area is designed to maximize space and functionality, creating an inviting atmosphere for residents & guests alike. 10 Ft kitchen island, 500 SqFt terrace w/ custom planters & irrigation system, custom doors, motorized shades and porcelain tiles. Enjoy a suite of premium amenities that extend your living space with a heated pool & much more. Sold furnished.

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Location


Property Details


Parking

  • Details: Valet
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 6

HOA

  • Has HOA: Yes
  • HOA Fee: $2,943/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0232342420340
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other
  • Year Built: 2016

Tax Information

  • Annual Tax: $17,900

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Miami Dade

Listing Details


Listed by:
Carlo Dipasquale
Compass Florida, LLC.
(786) 512-5094

Source:
MIAMI REALTORS MLS
MLS#: A11805294
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$12,373
Cap Rate
0.2%
Cash-on-Cash Return
-26.6%
Debt Coverage Ratio
0.03
Internal Rate of Return (5 years)
-21.7%

Purchase Details

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Purchase price:
$2,425,000
Amount financed:
-$1,940,000
Down payment:
$485,000
Closing costs:
$72,750
Rehab costs:
$0
Initial cash invested:
$557,750
Square feet:
1,334
Cost per square foot:
$1,818
Monthly rent per square foot:
$5.17

Financing Details

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Loan amount:
$1,940,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$12,699
Property tax:
$1,492
Insurance:
$483
Private mortgage insurance (PMI):
$0
Monthly payment:
$14,674

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,900 $82,800
Vacancy loss: (6%)
6% -$414 -$4,968
Operating income:
$6,486 $77,832

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$1,492-$17,900
Insurance: (7%)
7%-$483-$5,796
Property management: (8%)
8%-$552-$6,624
Repairs & maintenance: (5%)
5%-$345-$4,140
Capital expenditures: (5%)
5%-$345-$4,140
HOA fees: (43%)
43%-$2,943-$35,316
Total operating expenses: (89%)
89%-$6,160-$73,916

Cash Flow


Monthly Yearly
Net operating income:
$326 $3,912
Mortgage payments:
-$12,699 -$152,388
Cash flow:
$12,373 $148,476