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$239,900

For Sale - Active
17890 W Dixie Hwy Apt 421, North Miami Beach, FL 33160
2 Beds
2 Baths
1,213 Square Feet
0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jul 01, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$642
Cap Rate
2.9%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Property Description


0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a

This is a very spacious 2 bedroom 2 bathroom condo in very nice quite neighborhood. Brand new water heater and 5 year old AC. Gated community. Call me today to Schedule an appointment.

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Location


Property Details


Parking

  • Details: Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 6

HOA

  • Has HOA: Yes
  • HOA Fee: $690/monthly

Land Information

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

Lot Information

  • Parcel ID: 3022090221350
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1979

Tax Information

  • Annual Tax: $2,890

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Yulieth Pena-Mesa
New Emporium Properties, Inc.
(786) 447-8466

Source:
MIAMI REALTORS MLS
MLS#: A11816138
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$642
Cap Rate
2.9%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Purchase Details

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Purchase price:
$239,900
Amount financed:
-$191,920
Down payment:
$47,980
Closing costs:
$7,197
Rehab costs:
$0
Initial cash invested:
$55,177
Square feet:
1,213
Cost per square foot:
$198
Monthly rent per square foot:
$1.81

Financing Details

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Loan amount:
$191,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,229
Property tax:
$241
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,624

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$241-$2,890
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (31%)
31%-$690-$8,280
Total operating expenses: (67%)
67%-$1,481-$17,770

Cash Flow


Monthly Yearly
Net operating income:
$587 $7,044
Mortgage payments:
-$1,229 -$14,748
Cash flow:
$642 $7,704