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$575,000

For Sale - Active
5252 NW 85th Ave Apt 1601, Doral, FL 33166
2 Beds
2 Baths
1,067 Square Feet
0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Sep 03, 2025 at 10:02AM

Investment Summary


Monthly Cash Flow
-$2,499
Cap Rate
0.9%
Cash-on-Cash Return
-22.7%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-17.9%

Property Description


0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Discover the perfect blend of comfort and convenience in this spacious 2-bedroom, 2-bathroom apartment located in the heart of Doral. This modern apartment offers: Corner unit on the 16th floor and open floor plan with lots of natural light. Balcony and large windows from floor to ceiling to enjoy the beautiful views of the surrounding area. Kitchen with stainless steel appliances and quartz countertops. Porcelain floors. Great amenities that include a fitness center, kids' room, party room and resort style swimming pool. Located just minutes from top-rated schools, shopping centers, dining, and entertainment options, this apartment offers everything you need for a comfortable and stylish lifestyle. Easy access to major highways makes commuting a breeze. Unit is rented until July 2026.

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Location


Property Details


Parking

  • Description: Assigned, Covered, Detached, Garage, OneSpace
  • Details: Assigned, Covered, Detached, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 21

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,370/monthly

Land Information

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

Lot Information

  • Parcel ID: 3530220330130
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise
  • Year Built: 2016

Tax Information

  • Annual Tax: $8,020

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Oscar Rojas
Met Real Estate Corp.
(305) 490-3702

Source:
MIAMI REALTORS MLS
MLS#: A11661174
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$2,499
Cap Rate
0.9%
Cash-on-Cash Return
-22.7%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-17.9%

Purchase Details

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Purchase price:
$575,000
Amount financed:
-$460,000
Down payment:
$115,000
Closing costs:
$17,250
Rehab costs:
$0
Initial cash invested:
$132,250
Square feet:
1,067
Cost per square foot:
$539
Monthly rent per square foot:
$3.37

Financing Details

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Loan amount:
$460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,945
Property tax:
$668
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,865

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: (19%)
19%-$668-$8,020
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: (38%)
38%-$1,370-$16,440
Total operating expenses: (82%)
82%-$2,938-$35,260

Cash Flow


Monthly Yearly
Net operating income:
$446 $5,352
Mortgage payments:
-$2,945 -$35,340
Cash flow:
-$2,499 -$29,988