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Single Family Residence at 615 SW 62nd Ct, Miami FL 33144Active
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Single Family Residence
$900,000$354 / sqft

615 SW 62nd Ct, Miami FL 33144

3
Bedrooms
2
Bathrooms
2,540 sqft
Interior
1940
Year built
None
HOA
Single Family Residence
Type

About this home

Rare opportunity. This 5-bed/5-bath single-family residence in Fairlawn features in-law quarters. House has 2962 square feet, sitting in a 6750 square feet lot. Ideal for a large family. The main house has 2 bedroom, and 2 bathroom and features three additional rooms with separate closets and bathrooms, each with a separate entry door in the right side of house, offering flexible use options to fit a variety of needs. Priced dynamically for investors, this prime property is located in Miami’s rental-heavy 33144 zone. Situated in a central, highly walkable Miami neighborhood near SW 8 street, Coral Gables, and Miami International Airport with close proximity to schools, groceries, shopping, and major employment hubs makes this a highly desirable spot. Gated entry with a multi-car driveway to easily accommodate parking. Large lot footprint allowing for a private patio/yard space in the back of the main house with 2 separate cabanas. No HOA. AS-IS sale with right to inspect. Note: Buyers are advised to consult Miami-Dade County or City of Miami zoning guidelines regarding rental and permitted uses prior to purchasing. Complete history of all building permits for new roof and additions are available upon request.

Features

  • First Floor Entry
  • Separate Guest/In-Law Quarters
  • Utility Room/Laundry
  • None

Location

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

Estimated loan & HOA

$4,551

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

Principal & interest
$4,551
HOA
None

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
Urban Star Realty, LLC.

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.