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$619,000

Sold
3100 NW 91st St, Miami, FL 33147
Beds n/a
0 Baths
1,888 Square Feet
0.00 Acres Lot
Built in 1957
Sold
Units n/a
Checked: 10 hours ago
Updated: Aug 23, 2025 at 02:25AM

Investment Summary


Monthly Cash Flow
-$2,593
Cap Rate
1.1%
Cash-on-Cash Return
-21.9%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.1%

Property Description


0.00 Acres Lot
Built in 1957
Sold
Units n/a

Investor Alert! This is a 5 bedroom 4 bathroom home with a $8275 / month rental income. Total monthly expenses average $1195 per month (includes electric, water, taxes, and insurance). The home sits on a spacious corner lot with ample parking spaces, $30k of upgraded solar power energy for reduced electric costs, Flat roof 2020, Angled roof 2011, and 2005 RV Thor Tahoe is included in the sale.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 5

Bathroom Information

  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 3031040035231
  • Lot Size: 0 sqft

Property Information

  • Property Type: Quadruplex
  • Style: Fourplex
  • Year Built: 1957

Tax Information

  • Annual Tax: $6,309

Utilities

  • Heating: Wall Furnace
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
David Freed
Keller Williams Miami Beach Realty
(954) 263-8115

Source:
MIAMI REALTORS MLS
MLS#: A11421667
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$2,593
Cap Rate
1.1%
Cash-on-Cash Return
-21.9%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.1%

Purchase Details

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Purchase price:
$619,000
Amount financed:
-$495,200
Down payment:
$123,800
Closing costs:
$18,570
Rehab costs:
$0
Initial cash invested:
$142,370
Square feet:
1,888
Cost per square foot:
$328
Monthly rent per square foot:
$0.85

Financing Details

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Loan amount:
$495,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,171
Property tax:
$526
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,809

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (33%)
33%-$526-$6,309
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (58%)
58%-$926-$11,109

Cash Flow


Monthly Yearly
Net operating income:
$578 $6,936
Mortgage payments:
-$3,171 -$38,052
Cash flow:
$2,593 $31,116