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$516,800

For Sale - Active
8356 NW 10th St Apt 6D, Miami, FL 33126
4 Beds
3 Baths
1,600 Square Feet
0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: May 27, 2025 at 07:48AM

Investment Summary


Monthly Cash Flow
-$1,151
Cap Rate
3.5%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Property Description


0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a

For sale: a remodeled and spacious townhouse. This property features three sizable bedrooms and two bathrooms, including a jacuzzi on the second floor, as well as a den/office and half bathroom on the first floor. It includes a large living/dining room, a fully equipped kitchen, and a sizeable private patio. A new central A/C unit has been installed, and two parking spaces are assigned. The townhouse is conveniently located near major highways, supermarkets, shopping centers, and schools. Please note that the building currently has no reserves, but all necessary inspections have been completed. Financing options include conventional loans or cash offers. Contact us to schedule a visit.

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Location


Property Details


Parking

  • Description: Assigned, Guest
  • Details: Assigned, Guest
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 0

HOA

  • Has HOA: Yes
  • HOA Fee: $330/monthly

Land Information

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

Lot Information

  • Parcel ID: 3030531140200
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1997

Tax Information

  • Annual Tax: $7,067

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Hector Beltran
Florida Realty of Miami Corp
(786) 626-4897

Source:
MIAMI REALTORS MLS
MLS#: A11698088
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,151
Cap Rate
3.5%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$516,800
Amount financed:
-$413,440
Down payment:
$103,360
Closing costs:
$15,504
Rehab costs:
$0
Initial cash invested:
$118,864
Square feet:
1,600
Cost per square foot:
$323
Monthly rent per square foot:
$2.19

Financing Details

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Loan amount:
$413,440
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,647
Property tax:
$589
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,481

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$589-$7,067
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (9%)
9%-$330-$3,960
Total operating expenses: (51%)
51%-$1,794-$21,527

Cash Flow


Monthly Yearly
Net operating income:
$1,496 $17,952
Mortgage payments:
-$2,647 -$31,764
Cash flow:
$1,151 $13,812