3581 SW 117th Ave # 206, Miami FL 33175
About this home
LOWEST PRICED CONDO & SELLER HIGHLY MOTIVATED. Attention investors! Excellent income-producing opportunity with 6% CAP RATE featuring a 2/1 condo in a highly desirable location near FIU, Kendall Regional Hospital, & Turnpike. Conveniently located near Bird Road & 117th Ave, this unit offers strong rental appeal & immediate cash flow potential. Unit is currently rented for $1,800/month until 3/31/27 with a reliable long-term tenant in place. The gated community features security, pool, laundry facilities, guest parking & 1 assigned parking space. Residents enjoy easy access to supermarkets, hardware stores, medical centers, banks & many restaurants nearby. New roofs are being installed & buildings are being painted. Seller will pay current assessment at closing. 24-hour notice required for showings. Showings available Monday–Friday from 5:30 PM to 7:00 PM only.
Features
- Second Floor Entry
- Other
- Garden View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,163
- HOA
- $339 / 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.