12590 NE 16th Ave # 605, North Miami FL 33161
About this home
Excellent investment opportunity! Spacious 1-bedroom, 1-bath residence in Coronado Towers Condo with a reliable tenant currently paying $1,750/month on a month-to-month lease and willing to sign a one-year lease, providing immediate rental income. The seller will pay the full special assessment at closing, offering significant value to the buyer. The community features a swimming pool and family-friendly amenities in a convenient location close to shopping, dining, major highways, and Gulfstream Park. Whether you’re looking to expand your investment portfolio or purchase a future primary residence, this unit offers outstanding potential. Some images have been digitally enhanced and/or virtually staged for marketing purposes to illustrate the property’s potential. Actual conditions may vary.
Features
- Elevator
- Walk-In Closet(s)
- None
- Screened Balcony
- Other View
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $743
- HOA
- $791 / mo
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.
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.
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.