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Listed
Build new in a neighborhood more than a century in the making. Spring Garden, a riverfront neighborhood designated a historic district in 1997, retains a distinctive collection of Craftsman, Mission and vernacular homes from the 1920s through the 1940s. Broad residential streets, generous setbacks and a mature tree canopy preserve its enduring character. Two neighborhood parks, including waterfront Spring Garden Point Park, add green space and places to enjoy the riverfront setting. Downtown, Brickell, Wynwood and Miami Beach are within easy reach. This 6,050-SF lot with 50 feet of street frontage is offered with plans for a two-story contemporary residence featuring 5 bedrooms, 4.5 bathrooms and approximately 4,000 SF of interior living space. Note: A nearly identical adjacent lot is also available with mirrored plans, presenting the opportunity to acquire both properties.
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 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
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.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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