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Waterfront · Condominium
$275,000$371 / sqft
7921 East Drive # 8, North Bay Village FL 33141
Listed
1
Bedrooms
1
Bathrooms
741 sqft
Interior
1959
Year built
$619 / mo
HOA
Condominium
Type
About this home
Cute one bedroom one bath ground floor residence 741 SF in a quiet two story 20 units art deco building historically designated by Miami Dade County. Bay / ICW waterfront building. Pool. New seawall. New 40 ft deck. Newer paint. Newer gutters. Newer security gates. Unit recently painted throughout. Authentic Mexican tile flooring. Plenty of closet spaces. Mid century bathroom tub and shower combo. New fridge. New kitchen faucet. New shower head. Single lady tenant with quiet shiba inu currently pays $1950 pm rent. Lease expires December 31 2026. Tenant will likely renew another year. If purchaser is going to be owner-occupied call LA for more info. Building is designated a historic site by Miami Dade County
Features
- First Floor Entry
- Chandelier To Be Replaced
- East Of Us1
- Exterior Cat Walk
- Courtyard
- Bay
- Garden View
- Intracoastal View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- 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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.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.