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0
Bedrooms
1
Bathrooms
— sqft
Interior
2026
Year built
$588 / mo
HOA
Condominium
Type
About this home
Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living.
Features
- Interior Hall
- Lobby
- Built-in Features
- Closet Cabinetry
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.