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$950,000

For Sale - Active
1286 NE 109th St, Miami, FL 33161
4 Beds
0 Baths
1,950 Square Feet
0.00 Acres Lot
Built in 1952
For Sale - Active
2 Units
Checked: 14 hours ago
Updated: May 26, 2025 at 01:37PM

Investment Summary


Monthly Cash Flow
-$3,613
Cap Rate
1.7%
Cash-on-Cash Return
-19.8%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-15.2%

Property Description


0.00 Acres Lot
Built in 1952
For Sale - Active
2 Units

CALLING INVESTORS!! Turnkey Triplex – Fully Renovated & Income Producing! RECENTLY UPDATED ROOF, NEW GUTTERS, PBC PIPES, NEW ELECTRICAL, UPDATED SEPTIC TANK. Fully updated and ready-to-go property. 1 bed/1 bath + 1 2 bed/2 bath on Airbnb 1 2 bed/2 bath leased at $2,500/mo (1-year lease) Airbnb earned over $51,000 in the past year, even with owner occupying one unit. Option to purchase furnished or unfurnished. Located off Biscayne Blvd, minutes from MIMO, Design District & Bal Harbour.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Built-Up

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 3022320060801
  • Lot Size: 0 sqft

Property Information

  • Property Type: Triplex
  • Year Built: 1952

Tax Information

  • Annual Tax: $10,329

Utilities

  • Heating: Central, Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
Dariana Cardelino
True Vision Services Corp
(786) 271-7638

Source:
MIAMI REALTORS MLS
MLS#: A11743018
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$3,613
Cap Rate
1.7%
Cash-on-Cash Return
-19.8%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-15.2%

Purchase Details

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Purchase price:
$950,000
Amount financed:
-$760,000
Down payment:
$190,000
Closing costs:
$28,500
Rehab costs:
$0
Initial cash invested:
$218,500
Square feet:
1,950
Cost per square foot:
$487
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$760,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$4,960
Property tax:
$861
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,045

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$861-$10,329
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (52%)
52%-$1,661-$19,929

Cash Flow


Monthly Yearly
Net operating income:
$1,347 $16,164
Mortgage payments:
-$4,960 -$59,520
Cash flow:
$3,613 $43,356