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2
Bedrooms
2
Bathrooms
990 sqft
Interior
1972
Year built
$405 / mo
HOA
Condominium
Type
About this home
Beautiful and conveniently located 2-bedroom, 2-bathroom unit on the 2nd floor of Blue Grotto Condo is now for sale! Investors are welcome—no age restrictions! This freshly painted unit features new ceiling fans, a spacious bedroom with a walk-in closet and additional storage space, an upgraded bathroom, and a lovely garden view. The enclosed balcony has been updated with new screening. The building has new elevators, and the roof was replaced just a few years ago. Enjoy a low monthly association fee while benefiting from great community amenities, including a tennis court, pool, and clubhouse, plus plenty of parking for residents and visitors. Prime location—close to University of Miami banks, restaurants, major highways, malls, and more! Please refer to broker remarks.
Features
- Interior Hall
- Second Floor Entry
- Walk-In Closet(s)
- Other
- Barbeque
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 365
- No Lease-1st Year Owned
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,500.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.