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Single Family Residence
$514,900$339 / sqft
18536 NW 56th Pl, Miami Gardens FL 33055
Listed
3
Bedrooms
2
Bathrooms
1,520 sqft
Interior
1997
Year built
$110 / mo
HOA
Single Family Residence
Type
About this home
Welcome to Monterrey in Miami Gardens! This graciously updated home is move-in ready and packed with upgrades. The bright, open layout is perfect for family living, featuring a remodeled kitchen with stainless steel appliances and stylish window treatments throughout. Bathrooms have been updated, and the Master Bath features a walk-in tub for added safety, along with many more upgrades just waiting to be discovered! Major updates give you true peace of mind — a newer roof, A/C, Impact windows, and accordion shutters mean lower insurance costs and worry-free living. The stunning, wide mahogany door with a side panel makes a lasting first impression. Outside, enjoy the covered patio, an aluminum-fenced backyard, and extra sheds for additional storage — ideal for entertaining, relaxing, and storing more stuff! All this for a low HOA that covers gated security, a community pool, and lawn maintenance. Stylish, solid, and ready for its next owner — don't miss it!
Features
- First Floor Entry
- Other
- No Additional Rooms
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$2,714
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.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.