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$1,399,000

Sale Pending
88 SW 7th St Apt 3012, Miami, FL 33130
3 Beds
4 Baths
1,664 Square Feet
0.00 Acres Lot
Built in 2016
Sale Pending
Units n/a
Checked: 6 hours ago
Updated: Oct 02, 2025 at 10:17AM

Investment Summary


Monthly Cash Flow
-$5,900
Cap Rate
1.1%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.2%

Property Description


0.00 Acres Lot
Built in 2016
Sale Pending
Units n/a

BEST VIEW CORNER IN THE ENTIRE BUILDING, 3Bd/3.5 bath, Huge wrap around balcony (300 Sq.ft), AMAZING VIEWS!!! Motor window treatments, built in walk-in closets, marble floors, Bosh appliances, wine cooler; Incredible amenities: Children's Area inside and out, fitness center, Spa, Coffee Shop, BBQ grills, 2 pools, tropical gardens. Sacks fifth Ave and all other stores from Brickell City Center mall just downstairs. Basic cable, internet & water included. Metro Mover station one block away. Owner very motivated to sell !!!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 43

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,729/monthly

Land Information

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

Lot Information

  • Parcel ID: 0141381683770
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $25,752

Utilities

  • Heating: Central
  • Cooling: Electric

Location

  • County: Miami Dade

Listing Details


Listed by:
Monica Villate
EXP Realty LLC
(305) 330-1537

Source:
MIAMI REALTORS MLS
MLS#: A11822217
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$5,900
Cap Rate
1.1%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.2%

Purchase Details

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Purchase price:
$1,399,000
Amount financed:
-$1,119,200
Down payment:
$279,800
Closing costs:
$41,970
Rehab costs:
$0
Initial cash invested:
$321,770
Square feet:
1,664
Cost per square foot:
$841
Monthly rent per square foot:
$5.35

Financing Details

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Loan amount:
$1,119,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,166
Property tax:
$2,146
Insurance:
$623
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,935

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,900 $106,800
Vacancy loss: (6%)
6% -$534 -$6,408
Operating income:
$8,366 $100,392

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$2,146-$25,752
Insurance: (7%)
7%-$623-$7,476
Property management: (8%)
8%-$712-$8,544
Repairs & maintenance: (5%)
5%-$445-$5,340
Capital expenditures: (5%)
5%-$445-$5,340
HOA fees: (31%)
31%-$2,729-$32,748
Total operating expenses: (80%)
80%-$7,100-$85,200

Cash Flow


Monthly Yearly
Net operating income:
$1,266 $15,192
Mortgage payments:
-$7,166 -$85,992
Cash flow:
-$5,900 -$70,800