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Waterfront · Condominium
$549,000$392 / sqft
41 SE 5th St # 808, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,402 sqft
Interior
2006
Year built
$1,300 / mo
HOA
Condominium
Type
About this home
Exceptional value at Brickell on the River South! Spacious 1,402 SF two-level loft offering 2BR + Den / 2BA at approximately $392/SF. Currently leased at $3,800/month through March 14, 2027, providing immediate rental income. Investor-friendly building with rentals permitted from day one and a 30-day minimum rental period. One assigned parking space included. Ideally located in the heart of Brickell, steps from Brickell City Centre, restaurants, shopping and Metromover. An outstanding opportunity for buyers seeking space, flexibility and value in Brickell. Video tour available. Showings by appointment with advance notice.
Features
- First Floor Entry
- Fire Sprinklers
- Walk-In Closet(s)
- Den/Library/Office
- Loft
- Barbeque
- Open Balcony
- Intracoastal View
- Other View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.