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$450,000

For Sale - Active
19355 Turnberry Way Apt 19F, Miami, FL 33180
2 Beds
2 Baths
1,677 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Aug 28, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$1,904
Cap Rate
1.1%
Cash-on-Cash Return
-22.1%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.3%

Property Description


0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Large 2-bedroom, 2-bath unit in a luxury building, walking distance to the Safra, with an amazing view. Amenities include a clubhouse, indoor basketball court, spa, sauna, and playroom. Balcony ready in November, pool completion expected in February. Priced to sell and needs a touch of love. Seller motivated, bring your offers!

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Location


Property Details


Parking

  • Description: OneSpace, Valet
  • Details: Valet
  • 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: 30

HOA

  • Has HOA: Yes
  • HOA Fee: $1,556/monthly

Land Information

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

Lot Information

  • Parcel ID: 2812350201520
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise
  • Year Built: 1981

Tax Information

  • Annual Tax: $6,325

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Shlomit Dahan
United Realty Group Inc
(919) 389-4054

Source:
MIAMI REALTORS MLS
MLS#: A11858341
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,904
Cap Rate
1.1%
Cash-on-Cash Return
-22.1%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.3%

Purchase Details

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Purchase price:
$450,000
Amount financed:
-$360,000
Down payment:
$90,000
Closing costs:
$13,500
Rehab costs:
$0
Initial cash invested:
$103,500
Square feet:
1,677
Cost per square foot:
$268
Monthly rent per square foot:
$2.15

Financing Details

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Loan amount:
$360,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,305
Property tax:
$527
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,084

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$527-$6,325
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (43%)
43%-$1,556-$18,672
Total operating expenses: (83%)
83%-$2,983-$35,797

Cash Flow


Monthly Yearly
Net operating income:
$401 $4,812
Mortgage payments:
-$2,305 -$27,660
Cash flow:
$1,904 $22,848