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About This Property
The property consists of a main residence featuring 2 bedrooms and 2 bathrooms, along with two additional separate units, each offering 1 bedroom and 1 bathroom. This versatile layout provides multiple possibilities, including rental income, extended family accommodations, or a combination of owner occupancy and investment use.
Situated on a spacious lot, the property offers a large yard with endless potential for outdoor living, expansion, or future improvements. Located in one of Miami's fastest-appreciating neighborhoods, this is an excellent opportunity to own a property with strong upside potential and multiple income streams. Buyer is responsible for conducting their own due diligence regarding zoning, use, and future development possibilities.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | Listed by Florida Realty of Miami Corp | $549,000 | |
| Listed by Florida Realty of Miami Corp | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017