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Single Family Residence
$749,000$295 / sqft
615 SW 62nd Ct, Miami FL 33144
Listed
5
Bedrooms
5
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 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
- Maid/In-Law Quarters
- Utility Room/Laundry
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 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.
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.