Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$6,900,000

For Sale - Active
4470 Alton Rd, Miami Beach, FL 33140
3 Beds
3 Baths
1,777 Square Feet
0.19 Acres Lot
Built in 1952
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: May 26, 2025 at 12:22PM

Investment Summary


Monthly Cash Flow
-$30,131
Cap Rate
0.9%
Cash-on-Cash Return
-22.8%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-18.0%

Property Description


0.19 Acres Lot
Built in 1952
For Sale - Active
Units n/a

Introducing 4470 Alton Road, an exceptional property located in the heart of Miami Beach, featuring approved construction plans ready to transform it into a luxurious modern residence. Within the next two months, demolition of the existing structure will begin, making way for a beautifully designed home. The price of $6.9M includes complete construction with select interior finishes, allowing the new owners to continue the process directly with the General Contractor. With an estimated 18-month construction timeline, this stunning 4,000 sq. ft. residence will offer 5 spacious bedrooms, 6.5 bathrooms, a private entrance, ample parking, and expansive gardens surrounding the property.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Driveway
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Flat, Shingle, Tile

Land Information

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

Lot Information

  • Parcel ID: 0232220111250
  • Lot Size: 8248 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1952

Tax Information

  • Annual Tax: $3,668

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Electric

Location

  • County: Miami Dade

Listing Details


Listed by:
Valentina Grajales
Fortune Christie's International Real Estate
(786) 597-4184

Source:
MIAMI REALTORS MLS
MLS#: A11654735
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$30,131
Cap Rate
0.9%
Cash-on-Cash Return
-22.8%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-18.0%

Purchase Details

Find an Agent

Purchase price:
$6,900,000
Amount financed:
-$5,520,000
Down payment:
$1,380,000
Closing costs:
$207,000
Rehab costs:
$0
Initial cash invested:
$1,587,000
Square feet:
1,777
Cost per square foot:
$3,883
Monthly rent per square foot:
$4.50

Financing Details

Find a Lender

Loan amount:
$5,520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$35,345
Property tax:
$306
Insurance:
$560
Private mortgage insurance (PMI):
$0
Monthly payment:
$36,211

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$8,000 $96,000
Vacancy loss: (6%)
6% -$480 -$5,760
Operating income:
$7,520 $90,240

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$306-$3,668
Insurance: (7%)
7%-$560-$6,720
Property management: (8%)
8%-$640-$7,680
Repairs & maintenance: (5%)
5%-$400-$4,800
Capital expenditures: (5%)
5%-$400-$4,800
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$2,306-$27,668

Cash Flow


Monthly Yearly
Net operating income:
$5,214 $62,568
Mortgage payments:
-$35,345 -$424,140
Cash flow:
$30,131 $361,572