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0
Bedrooms
1
Bathrooms
458 sqft
Interior
2025
Year built
$674 / mo
HOA
Condominium
Type
About this home
Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.
Features
- Lobby
- First Floor Entry
- Elevator
- Skylight
- East Of Us1
- West Of Us1
- Barbeque
- Open Balcony
- Bay
- Ocean View
Leasing
- Minimum lease
- Not stated
- Okay To Lease 1st Year
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.