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$634,000

Sale Pending
881 NW 132nd Pl, Miami, FL 33182
3 Beds
2 Baths
1,543 Square Feet
0.12 Acres Lot
Built in 1988
Sale Pending
Units n/a
Checked: 13 hours ago
Updated: Jun 14, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$1,462
Cap Rate
3.5%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.6%

Property Description


0.12 Acres Lot
Built in 1988
Sale Pending
Units n/a

Beautiful 3 bedroom, 2 bath home located in the popular community of Leomar Homes. This home features 3 spacious bedrooms and 2 bath. Gorgeous kitchen with wood tone cabinets, granite counter tops, stainless appliances and breakfast bar area. Interior laundry room with washer, dryer and storage. Master bedroom with walk in closet and large master bath. Lots of room to entertain inside or outside on covered patio area. Privacy fenced backyard that includes a spacious storage shed.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Barrel

Land Information

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

Lot Information

  • Parcel ID: 3039520011020
  • Lot Size: 5010 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1988

Tax Information

  • Annual Tax: $6,681

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
Lisa Thomson
Coldwell Banker Realty
(786) 581-1106

Source:
MIAMI REALTORS MLS
MLS#: A11814988
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,462
Cap Rate
3.5%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.6%

Purchase Details

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Purchase price:
$634,000
Amount financed:
-$507,200
Down payment:
$126,800
Closing costs:
$19,020
Rehab costs:
$0
Initial cash invested:
$145,820
Square feet:
1,543
Cost per square foot:
$411
Monthly rent per square foot:
$2.27

Financing Details

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Loan amount:
$507,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,320
Property tax:
$557
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,122

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: (16%)
16%-$557-$6,681
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: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,432-$17,181

Cash Flow


Monthly Yearly
Net operating income:
$1,858 $22,296
Mortgage payments:
-$3,320 -$39,840
Cash flow:
$1,462 $17,544