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Active
Condominium
$535,000$982 / sqft

121 NE 5th St # 510, Miami FL 33132

In 501 First
1
Bedrooms
2
Bathrooms
545 sqft
Interior
2025
Year built
$892 / mo
HOA
Condominium
Type

About this home

Fully furnished 1-bedroom + den, 2-bath residence at the brand-new 501 First Residences. No rental restrictions Unit 510 offers 597 SF with views of Biscayne Bay, the Kaseya Center, and the Freedom Tower. Turn-key unit featuring a European-style kitchen with Bosch appliances, private bedroom suite with built-ins, spa-style bath with rain shower, in-unit washer/dryer, and floor-to-ceiling windows with roller shades. Amenities include a rooftop pool, cinema, co-working lounge, and fitness center.

Features

  • First Floor Entry
  • Other
  • None

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,597

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,705
HOA
$892 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
United Realty Group Inc

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.