1825 NW 68TH TER
About This Property
Located within Miami's established urban grid, the property offers access to surrounding residential neighborhoods, local services, shopping, and major transportation routes. Its location may appeal to buyers looking to invest in an urban area where land availability and development potential are important considerations.
Zoned 5700 – Duplexes, General, the property is classified under a zoning category associated with duplex residential use. Buyers should verify the specific permitted uses, allowable number of units, density, setbacks, lot coverage, building height, parking requirements, utility availability, and all applicable development standards with Miami-Dade County or the relevant local zoning authority before purchasing.
The property is located in Flood Zone X, which is generally considered an area of minimal flood hazard under current FEMA flood maps. Buyers should independently verify the current flood zone designation, flood insurance requirements, drainage conditions, building regulations, and any applicable development restrictions with FEMA and the appropriate local authorities.
The property is identified by Parcel ID 30-3115-005-6051. Buyers should independently verify zoning, parcel dimensions, access, utilities, flood zone information, development potential, and all other property details prior to purchase.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017