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$1,899,990

For Sale - Active
1535 SW 13th St, Miami, FL 33145
5 Beds
4 Baths
2,936 Square Feet
0.13 Acres Lot
Built in 1925
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 03, 2025 at 03:47AM

Investment Summary


Monthly Cash Flow
-$5,381
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


0.13 Acres Lot
Built in 1925
For Sale - Active
Units n/a

Beautiful 2 story French Colonial Home with beautiful hardwood floors throughout & an additional guest cottage!!!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Tile

Land Information

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

Lot Information

  • Parcel ID: 0141110070210
  • Lot Size: 5750 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1925

Tax Information

  • Annual Tax: $13,182

Utilities

  • Water & Sewer: Public
  • Heating: Central, Heat Pump
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Chelsey Bast
SOUTHERN CHARM REALTY & INVESTMENTS LLC
(502) 680-1491

Source:
Stellar MLS
MLS#: P4933565
Stellar MLS

Investment Summary


Monthly Cash Flow
-$5,381
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:
$1,899,990
Amount financed:
-$1,519,992
Down payment:
$379,998
Closing costs:
$57,000
Rehab costs:
$0
Initial cash invested:
$436,998
Square feet:
2,936
Cost per square foot:
$647
Monthly rent per square foot:
$2.69

Financing Details

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Loan amount:
$1,519,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$9,733
Property tax:
$1,099
Insurance:
$553
Private mortgage insurance (PMI):
$0
Monthly payment:
$11,385

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,900 $94,800
Vacancy loss: (6%)
6% -$474 -$5,688
Operating income:
$7,426 $89,112

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$1,099-$13,182
Insurance: (7%)
7%-$553-$6,636
Property management: (8%)
8%-$632-$7,584
Repairs & maintenance: (5%)
5%-$395-$4,740
Capital expenditures: (5%)
5%-$395-$4,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$3,074-$36,882

Cash Flow


Monthly Yearly
Net operating income:
$4,352 $52,224
Mortgage payments:
-$9,733 -$116,796
Cash flow:
$5,381 $64,572