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$26,000
● Condo - Off Market

#215

Miami Gardens, FL
bedrooms
1 Bed
bathrooms
1 Bath
square feet
590 Ft²
$51,369
RealtyHop Estimate
109.67%
Since May 1, 2009
National-US
Primary Model

About This Property

BANK OWNED FORECLOSURE!  ALL OFFERS MUST BE ON A FAR-BAR "AS IS" CONTRACT WITH RIGHT TO INSPECT, THIS CONTRACT IS ATTACHED ALONG WITH ADDENDUMS (IF APPLICABLE) HERE WITH LISTING. YOU MUST ALSO INCLUDE A PRE-APPROVAL LETTER (LESS THAN 30 DAYS OLD) OR PROOF  OF FUNDS ALONG WITH A COPY OF ESCROW CHECK.  ALL OF THESE DOCS MUST BE INCLUDED WITH THE OFFER OR IT CAN NOT BE PRESENTED.
Unit Size
590 Ft²
Days on Market
-
Land Size
-
Price per sqft
$42
Property Type
Condo
Property Taxes
$40
HOA Dues
$165
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Beaches MLS #F973099)

Price History

Date / Event Date Event Price
Apr 7, 2009 Sold
Premium
Sold
Dec 1, 2008 Listed by Abbotoni & Associates R E Inc $24,500
Listed by Abbotoni & Associates R E Inc

Property Highlights

Parking Details
Parking Features: 1 Space, Guest Parking
Interior Details
Full Bathrooms: 1
Interior Features: First Floor Entry
Appliances: No Equipment
Flooring Type: Tile Floors
Dining Room: Dining/Living Room
Exterior Details
Listing Terms: Conventional, Other Terms
Construction Type: Cbs Construction
Exterior Features: Other
Financial Details
Total Taxes: $483
Tax Year: 2007
Possession Information: Funding
Utilities Details
Heating Type: Central Heat
Cooling Type: Central Cooling
Location Details
Subdivision Complex Building: SKY LAKE GARDENS
HOA Details
HOA Fee: $165 Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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BEACHES

Listed by: Guy Abbotoni
Abbotoni & Associates R E Inc
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F973099
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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